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[{"start": "00:00:00", "end": "00:00:05", "text": "Solana. Salami coin is now the most"}, {"start": "00:00:03", "end": "00:00:07", "text": "oversold in history. It's daily RSI just"}, {"start": "00:00:05", "end": "00:00:09", "text": "hit a shocking 15. To put that in"}, {"start": "00:00:07", "end": "00:00:11", "text": "perspective, that is significantly lower"}, {"start": "00:00:09", "end": "00:00:13", "text": "than even the catastrophic FTX collapse."}, {"start": "00:00:11", "end": "00:00:14", "text": "Back when the entire crypto community"}, {"start": "00:00:13", "end": "00:00:16", "text": "firmly believed that Solana [music] was"}, {"start": "00:00:14", "end": "00:00:18", "text": "completely dead. This extreme technical"}, {"start": "00:00:16", "end": "00:00:20", "text": "indicator means that selling pressure"}, {"start": "00:00:18", "end": "00:00:22", "text": "has reached an absolute unsustainable"}, {"start": "00:00:20", "end": "00:00:24", "text": "exhaustion point. Smart money thrives in"}, {"start": "00:00:22", "end": "00:00:27", "text": "this exact type of peak market blood"}, {"start": "00:00:24", "end": "00:00:28", "text": "sentiment maximum panic. Is this the"}, {"start": "00:00:27", "end": "00:00:30", "text": "ultimate contrarian buy of the entire"}, {"start": "00:00:28", "end": "00:00:32", "text": "cryptocurrency market? Or are we"}, {"start": "00:00:30", "end": "00:00:33", "text": "witnessing a structural breakdown and"}, {"start": "00:00:32", "end": "00:00:35", "text": "Solana's really heading to zero this"}, {"start": "00:00:33", "end": "00:00:37", "text": "time? History shows that buying when"}, {"start": "00:00:35", "end": "00:00:39", "text": "fear is highest [music] yields the"}, {"start": "00:00:37", "end": "00:00:41", "text": "greatest rewards, making this moment"}, {"start": "00:00:39", "end": "00:00:45", "text": "look identical to when Solana is now the"}, {"start": "00:00:41", "end": "00:00:45", "text": "most oversold in history."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Ron Baron believes that SpaceX will"}, {"start": "00:00:01", "end": "00:00:04", "text": "become the largest most profitable"}, {"start": "00:00:03", "end": "00:00:06", "text": "company on the planet. Legendary"}, {"start": "00:00:04", "end": "00:00:08", "text": "billionaire investor openly stated, \"We"}, {"start": "00:00:06", "end": "00:00:11", "text": "think it's going to worth 10 trillion or"}, {"start": "00:00:08", "end": "00:00:13", "text": "even 30 trillion dollars. People in the"}, {"start": "00:00:11", "end": "00:00:14", "text": "company believe I'm lowballing it.\" This"}, {"start": "00:00:13", "end": "00:00:15", "text": "is what he said. \"Honestly, looking at"}, {"start": "00:00:14", "end": "00:00:17", "text": "the global landscape, it's incredibly"}, {"start": "00:00:15", "end": "00:00:18", "text": "difficult to see it any other way."}, {"start": "00:00:17", "end": "00:00:20", "text": "Absolutely nobody else on Earth is doing"}, {"start": "00:00:18", "end": "00:00:22", "text": "what SpaceX is currently achieving. They"}, {"start": "00:00:20", "end": "00:00:24", "text": "completely monopolize global launch"}, {"start": "00:00:22", "end": "00:00:26", "text": "infrastructure, build Starlink's"}, {"start": "00:00:24", "end": "00:00:28", "text": "space-based internet empire, and capture"}, {"start": "00:00:26", "end": "00:00:31", "text": "pure unadulterated market share.\""}, {"start": "00:00:28", "end": "00:00:32", "text": "According to Ron Baron, all that stuff,"}, {"start": "00:00:31", "end": "00:00:33", "text": "right? So, if you're looking for a"}, {"start": "00:00:32", "end": "00:00:35", "text": "generational wealth catalyst, this"}, {"start": "00:00:33", "end": "00:00:37", "text": "dominant aerospace monopoly represents"}, {"start": "00:00:35", "end": "00:00:40", "text": "the ultimate long-term hold. Even if"}, {"start": "00:00:37", "end": "00:00:41", "text": "most IPOs tend to have about a 50 to 60%"}, {"start": "00:00:40", "end": "00:00:42", "text": "drawdown in the first [music] year."}, {"start": "00:00:41", "end": "00:00:43", "text": "Perhaps there's a better buying"}, {"start": "00:00:42", "end": "00:00:45", "text": "opportunity coming for us later. But,"}, {"start": "00:00:43", "end": "00:00:50", "text": "that proves exactly why Ron Baron"}, {"start": "00:00:45", "end": "00:00:50", "text": "believes SpaceX will become the largest"}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Bitcoin, the trend is your friend until"}, {"start": "00:00:03", "end": "00:00:06", "text": "the end, they say. Well, the trend is"}, {"start": "00:00:05", "end": "00:00:08", "text": "telling us something very interesting"}, {"start": "00:00:06", "end": "00:00:10", "text": "right now. And to be honest, the bears"}, {"start": "00:00:08", "end": "00:00:12", "text": "are going to be pissed when they figure"}, {"start": "00:00:10", "end": "00:00:14", "text": "out what the trend is saying right now."}, {"start": "00:00:12", "end": "00:00:17", "text": "So, either you are a trend follower on"}, {"start": "00:00:14", "end": "00:00:18", "text": "the chart or you believe that uh the"}, {"start": "00:00:17", "end": "00:00:19", "text": "bears are going to be right once again."}, {"start": "00:00:18", "end": "00:00:21", "text": "Well, we've got that for you. We got the"}, {"start": "00:00:19", "end": "00:00:24", "text": "latest on Bitcoin, Ethereum, Salana hype"}, {"start": "00:00:21", "end": "00:00:26", "text": "breaking out once again, the latest on"}, {"start": "00:00:24", "end": "00:00:28", "text": "SpaceX, we got updates on Marvel, Hood,"}, {"start": "00:00:26", "end": "00:00:30", "text": "Cororeweave, and more. We got a lot to"}, {"start": "00:00:28", "end": "00:00:33", "text": "cover, so we better get the heck"}, {"start": "00:00:30", "end": "00:00:35", "text": "straight into it, guys."}, {"start": "00:00:33", "end": "00:00:37", "text": "Titanic Crypto posted this one. Bitcoin,"}, {"start": "00:00:35", "end": "00:00:38", "text": "the trend is your friend. This is the"}, {"start": "00:00:37", "end": "00:00:42", "text": "trend line. This is a trend line going"}, {"start": "00:00:38", "end": "00:00:44", "text": "back to the 2018 bare market. We've only"}, {"start": "00:00:42", "end": "00:00:46", "text": "wicked under this line one time on the"}, {"start": "00:00:44", "end": "00:00:48", "text": "day of the COVID crash. That was only"}, {"start": "00:00:46", "end": "00:00:51", "text": "for a few hours."}, {"start": "00:00:48", "end": "00:00:53", "text": "This has been a wild trend so far."}, {"start": "00:00:51", "end": "00:00:55", "text": "Currently, we've just looked under it"}, {"start": "00:00:53", "end": "00:00:58", "text": "once again."}, {"start": "00:00:55", "end": "00:01:00", "text": "Will this trend line hold?"}, {"start": "00:00:58", "end": "00:01:02", "text": "If so, the bears who are sitting around"}, {"start": "00:01:00", "end": "00:01:05", "text": "waiting for 40k in October are going to"}, {"start": "00:01:02", "end": "00:01:08", "text": "be disappointed."}, {"start": "00:01:05", "end": "00:01:10", "text": "If we go down to 40k in October, this"}, {"start": "00:01:08", "end": "00:01:13", "text": "trend line is definitively broken. This"}, {"start": "00:01:10", "end": "00:01:14", "text": "long-term trend means nothing. And we"}, {"start": "00:01:13", "end": "00:01:18", "text": "can just put this chart away and never"}, {"start": "00:01:14", "end": "00:01:20", "text": "think about it ever again. But so far,"}, {"start": "00:01:18", "end": "00:01:23", "text": "this has lined up with every major"}, {"start": "00:01:20", "end": "00:01:25", "text": "bottom for quite a long damn time in"}, {"start": "00:01:23", "end": "00:01:27", "text": "crypto."}, {"start": "00:01:25", "end": "00:01:30", "text": "Food for thought here, guys. Food for"}, {"start": "00:01:27", "end": "00:01:34", "text": "thought. Okay, Bitcoin."}, {"start": "00:01:30", "end": "00:01:37", "text": "Up 13% since the lows of uh what was the"}, {"start": "00:01:34", "end": "00:01:40", "text": "date there? 5th of June. Up 13% since"}, {"start": "00:01:37", "end": "00:01:43", "text": "then. Currently, we can see Bitcoin"}, {"start": "00:01:40", "end": "00:01:45", "text": "up here at the 20-day EMA. Day two of"}, {"start": "00:01:43", "end": "00:01:47", "text": "trying to get over this yellow line"}, {"start": "00:01:45", "end": "00:01:49", "text": "right here. Remember the technical"}, {"start": "00:01:47", "end": "00:01:52", "text": "breakout target of this triangle"}, {"start": "00:01:49", "end": "00:01:54", "text": "patterns around $68,000. Yesterday we"}, {"start": "00:01:52", "end": "00:01:56", "text": "got up to 67252,"}, {"start": "00:01:54", "end": "00:01:57", "text": "which might be close enough."}, {"start": "00:01:56", "end": "00:02:00", "text": "Unfortunately, I did not have my"}, {"start": "00:01:57", "end": "00:02:02", "text": "take-profit target yet. Bitcoin, but"}, {"start": "00:02:00", "end": "00:02:05", "text": "let's see if we can get a solid daily"}, {"start": "00:02:02", "end": "00:02:06", "text": "close above the 20-day EMA."}, {"start": "00:02:05", "end": "00:02:08", "text": "Well, that's at least a short-term trend"}, {"start": "00:02:06", "end": "00:02:11", "text": "reversal. How high it goes remains to be"}, {"start": "00:02:08", "end": "00:02:14", "text": "seen, but moving in the right direction."}, {"start": "00:02:11", "end": "00:02:16", "text": "Anyway, quick trade update on my trades"}, {"start": "00:02:14", "end": "00:02:20", "text": "here."}, {"start": "00:02:16", "end": "00:02:24", "text": "Bitcoin trade sitting nicely in profits."}, {"start": "00:02:20", "end": "00:02:25", "text": "Salana trade, same deal. Getting close"}, {"start": "00:02:24", "end": "00:02:29", "text": "to the takeprofits on these. Take profit"}, {"start": "00:02:25", "end": "00:02:31", "text": "on the Bitcoin trades at 70K. On Salana,"}, {"start": "00:02:29", "end": "00:02:33", "text": "it is at I remind myself $78. That's"}, {"start": "00:02:31", "end": "00:02:34", "text": "right. $78 for Salana. So, we're getting"}, {"start": "00:02:33", "end": "00:02:37", "text": "pretty close to the take profits on"}, {"start": "00:02:34", "end": "00:02:39", "text": "these. But the move starting to run out"}, {"start": "00:02:37", "end": "00:02:43", "text": "a bit of steam on a few of these. Robin"}, {"start": "00:02:39", "end": "00:02:44", "text": "Hood doing okay so far. Up $1,000 in"}, {"start": "00:02:43", "end": "00:02:46", "text": "profits on that one. So, we'll see how"}, {"start": "00:02:44", "end": "00:02:48", "text": "we go here for these trades. might be"}, {"start": "00:02:46", "end": "00:02:50", "text": "time to lock in the uh entries at stop"}, {"start": "00:02:48", "end": "00:02:52", "text": "on these so at least we can get break"}, {"start": "00:02:50", "end": "00:02:54", "text": "even salon maybe we'll take a little"}, {"start": "00:02:52", "end": "00:02:56", "text": "money off that but I'd love to see the"}, {"start": "00:02:54", "end": "00:02:58", "text": "whole thing get to 78 bucks that'd be a"}, {"start": "00:02:56", "end": "00:02:59", "text": "nice trade if we can do that now if you"}, {"start": "00:02:58", "end": "00:03:02", "text": "want to join trading over on bit you"}, {"start": "00:02:59", "end": "00:03:03", "text": "know there's a link down below here go"}, {"start": "00:03:02", "end": "00:03:07", "text": "check it out anybody anywhere can sign"}, {"start": "00:03:03", "end": "00:03:10", "text": "up that's of course you can trade stocks"}, {"start": "00:03:07", "end": "00:03:12", "text": "like Robin Hood Nvidia whatever you can"}, {"start": "00:03:10", "end": "00:03:14", "text": "trade crypto Bitcoin XRP salana they got"}, {"start": "00:03:12", "end": "00:03:16", "text": "you covered even trade metals gold"}, {"start": "00:03:14", "end": "00:03:18", "text": "silver commod bodies like oil. They got"}, {"start": "00:03:16", "end": "00:03:20", "text": "it all. It all runs on Crypto Rails"}, {"start": "00:03:18", "end": "00:03:21", "text": "means when you deposit USDT and you can"}, {"start": "00:03:20", "end": "00:03:24", "text": "trade any of that stuff. It's pretty"}, {"start": "00:03:21", "end": "00:03:26", "text": "awesome. Link down below. When you sign"}, {"start": "00:03:24", "end": "00:03:28", "text": "up, you'll be eligible for our daily"}, {"start": "00:03:26", "end": "00:03:30", "text": "$1,000 giveaway. We're giving away"}, {"start": "00:03:28", "end": "00:03:33", "text": "thousand bucks in like 10 seconds here."}, {"start": "00:03:30", "end": "00:03:35", "text": "So, stick with me. Plus, when you sign"}, {"start": "00:03:33", "end": "00:03:36", "text": "up at Unix, you'll also get some pretty"}, {"start": "00:03:35", "end": "00:03:38", "text": "insane"}, {"start": "00:03:36", "end": "00:03:40", "text": "rebates. So, if you join the inner"}, {"start": "00:03:38", "end": "00:03:42", "text": "circle, which is our private research"}, {"start": "00:03:40", "end": "00:03:44", "text": "group, this is our investor community"}, {"start": "00:03:42", "end": "00:03:46", "text": "where we called stuff like Micron Tech"}, {"start": "00:03:44", "end": "00:03:49", "text": "before its 40% rally, our in-house"}, {"start": "00:03:46", "end": "00:03:51", "text": "trading team called the Zcash uh short,"}, {"start": "00:03:49", "end": "00:03:53", "text": "they called the Bitcoin short. Members"}, {"start": "00:03:51", "end": "00:03:55", "text": "printed money on these trades. Okay,"}, {"start": "00:03:53", "end": "00:03:56", "text": "it's 50 bucks a month to get a 7-day"}, {"start": "00:03:55", "end": "00:04:00", "text": "free trial. Bit is also giving you back"}, {"start": "00:03:56", "end": "00:04:02", "text": "an $80 a month rebate. It's crazy deal."}, {"start": "00:04:00", "end": "00:04:04", "text": "Stop missing out on the trades, guys."}, {"start": "00:04:02", "end": "00:04:06", "text": "And congratulations to car@gmail.com."}, {"start": "00:04:04", "end": "00:04:08", "text": "You want $1,000,000"}, {"start": "00:04:06", "end": "00:04:10", "text": "bucks cash money in your account. Go"}, {"start": "00:04:08", "end": "00:04:12", "text": "enjoy it. You're welcome. Okay,"}, {"start": "00:04:10", "end": "00:04:15", "text": "continuing."}, {"start": "00:04:12", "end": "00:04:17", "text": "Bit mine nears its 5% ownership target"}, {"start": "00:04:15", "end": "00:04:20", "text": "for Bitcoin. That's after Tom Lee bought"}, {"start": "00:04:17", "end": "00:04:23", "text": "another $135 million of the BTC"}, {"start": "00:04:20", "end": "00:04:25", "text": "yesterday. Can't stop, won't stop. Tom's"}, {"start": "00:04:23", "end": "00:04:26", "text": "either an absolutely crazy person or a"}, {"start": "00:04:25", "end": "00:04:29", "text": "genius. Market's going to tell him in a"}, {"start": "00:04:26", "end": "00:04:31", "text": "few years time. Still holding my BMR"}, {"start": "00:04:29", "end": "00:04:33", "text": "stocks."}, {"start": "00:04:31", "end": "00:04:34", "text": "Not great currently, but uh hey, you"}, {"start": "00:04:33", "end": "00:04:36", "text": "know what? Maybe one day we're going to"}, {"start": "00:04:34", "end": "00:04:38", "text": "go back up in price."}, {"start": "00:04:36", "end": "00:04:40", "text": "Token Terminal total real world asset"}, {"start": "00:04:38", "end": "00:04:42", "text": "market cap surpasses $43 billion. Now, I"}, {"start": "00:04:40", "end": "00:04:43", "text": "was looking through the top 100 coins"}, {"start": "00:04:42", "end": "00:04:44", "text": "today."}, {"start": "00:04:43", "end": "00:04:47", "text": "By the way, I was looking through the"}, {"start": "00:04:44", "end": "00:04:48", "text": "top 100 coins today and I was just"}, {"start": "00:04:47", "end": "00:04:50", "text": "surprised because I haven't been, you"}, {"start": "00:04:48", "end": "00:04:52", "text": "know, looking like every day, but I'm"}, {"start": "00:04:50", "end": "00:04:56", "text": "surprised at how many of the top 100"}, {"start": "00:04:52", "end": "00:04:59", "text": "coins are now like investment funds,"}, {"start": "00:04:56", "end": "00:05:01", "text": "real world assets, tokenized treasuries,"}, {"start": "00:04:59", "end": "00:05:04", "text": " like that. Like, damn, crypto's"}, {"start": "00:05:01", "end": "00:05:07", "text": "changing, man. Shibba Enu's down at like"}, {"start": "00:05:04", "end": "00:05:09", "text": "number 35 finally. How is Shibbeinu even"}, {"start": "00:05:07", "end": "00:05:12", "text": "the top 100 still? I have no idea."}, {"start": "00:05:09", "end": "00:05:14", "text": "Cardano's, you know, falling finally. No"}, {"start": "00:05:12", "end": "00:05:15", "text": "hate on Cardano, but just it's nothing's"}, {"start": "00:05:14", "end": "00:05:17", "text": "happening on chain. It's massively"}, {"start": "00:05:15", "end": "00:05:18", "text": "overvalued. But then we have all this"}, {"start": "00:05:17", "end": "00:05:21", "text": "other stuff starting to happen on chain."}, {"start": "00:05:18", "end": "00:05:25", "text": "Real world assets are coming on chain in"}, {"start": "00:05:21", "end": "00:05:28", "text": "a big way. And the home for that"}, {"start": "00:05:25", "end": "00:05:31", "text": "apparently is Ethereum 57.8% market"}, {"start": "00:05:28", "end": "00:05:33", "text": "share right now. Now B&M is down there"}, {"start": "00:05:31", "end": "00:05:37", "text": "at like 8%. Uh Salana has only got like"}, {"start": "00:05:33", "end": "00:05:39", "text": "4%. Stellar which ah gosh Stellar and"}, {"start": "00:05:37", "end": "00:05:43", "text": "XRP they're quite small numbers on the"}, {"start": "00:05:39", "end": "00:05:46", "text": "screen like there but uh Stellar and XRP"}, {"start": "00:05:43", "end": "00:05:48", "text": "both around 5%. I just think who is"}, {"start": "00:05:46", "end": "00:05:50", "text": "doing anything like when was the last"}, {"start": "00:05:48", "end": "00:05:51", "text": "time any of you guys use Stellar XRP?"}, {"start": "00:05:50", "end": "00:05:53", "text": "Who are these people? I guess it's"}, {"start": "00:05:51", "end": "00:05:56", "text": "institutions"}, {"start": "00:05:53", "end": "00:05:58", "text": "certainly not retail. Anyway,"}, {"start": "00:05:56", "end": "00:06:01", "text": "uh Ethereum here at the 20-day EMA."}, {"start": "00:05:58", "end": "00:06:04", "text": "Wicked up pretty nicely yesterday up to"}, {"start": "00:06:01", "end": "00:06:05", "text": "around uh 1850. Pulled back now"}, {"start": "00:06:04", "end": "00:06:07", "text": "currently sitting right on the 20-day"}, {"start": "00:06:05", "end": "00:06:08", "text": "EMA. If it's going to get rejected"}, {"start": "00:06:07", "end": "00:06:10", "text": "anywhere, it's going to get rejected"}, {"start": "00:06:08", "end": "00:06:12", "text": "there. A rejection back to about 1,700"}, {"start": "00:06:10", "end": "00:06:15", "text": "bucks. Be cool and normal, but you want"}, {"start": "00:06:12", "end": "00:06:20", "text": "to see it actually put in that higher uh"}, {"start": "00:06:15", "end": "00:06:22", "text": "low here and start building its way up."}, {"start": "00:06:20", "end": "00:06:23", "text": "Frank uh fintech Frank posted this"}, {"start": "00:06:22", "end": "00:06:25", "text": "standard charter initiates coverage of"}, {"start": "00:06:23", "end": "00:06:27", "text": "unis swap. The bank forecasts uni will"}, {"start": "00:06:25", "end": "00:06:31", "text": "rise roughly from the $2.50 that today"}, {"start": "00:06:27", "end": "00:06:32", "text": "to $100 by 2030, a 40x increase."}, {"start": "00:06:31", "end": "00:06:35", "text": "There are still asymmetric opportunities"}, {"start": "00:06:32", "end": "00:06:38", "text": "in crypto if this plays out. Now this is"}, {"start": "00:06:35", "end": "00:06:40", "text": "also by just a caveat here. They believe"}, {"start": "00:06:38", "end": "00:06:44", "text": "at this that by 2030 Ethereum will also"}, {"start": "00:06:40", "end": "00:06:46", "text": "be $40,000 and Bitcoin will be $500,000."}, {"start": "00:06:44", "end": "00:06:49", "text": "So it requires those things to happen as"}, {"start": "00:06:46", "end": "00:06:52", "text": "well."}, {"start": "00:06:49", "end": "00:06:56", "text": "UniS swap, man. Still very dominant in"}, {"start": "00:06:52", "end": "00:06:57", "text": "the in the swap space, but uh"}, {"start": "00:06:56", "end": "00:07:00", "text": "don't know if it's going to 100 bucks by"}, {"start": "00:06:57", "end": "00:07:03", "text": "2030, but gosh darn if it does,"}, {"start": "00:07:00", "end": "00:07:05", "text": "go long, I guess. Uh Salana breaking out"}, {"start": "00:07:03", "end": "00:07:08", "text": "over the 20-day EMA here. Very nice to"}, {"start": "00:07:05", "end": "00:07:11", "text": "see. Now, it has um 68 to"}, {"start": "00:07:08", "end": "00:07:12", "text": "60. Only had an $8 breakout target from"}, {"start": "00:07:11", "end": "00:07:14", "text": "this. So, the target here is actually"}, {"start": "00:07:12", "end": "00:07:16", "text": "around 75 bucks, which is where it is"}, {"start": "00:07:14", "end": "00:07:18", "text": "currently. Maybe that's a good reason"}, {"start": "00:07:16", "end": "00:07:20", "text": "for me to consider closing out my long,"}, {"start": "00:07:18", "end": "00:07:25", "text": "which is currently around $10,000 in"}, {"start": "00:07:20", "end": "00:07:28", "text": "profit. Maybe. Come on, daddy wants $78"}, {"start": "00:07:25", "end": "00:07:30", "text": "50day EMA. Come on. Come on, Salana. Do"}, {"start": "00:07:28", "end": "00:07:33", "text": "it. Do it."}, {"start": "00:07:30", "end": "00:07:34", "text": "Ah, hype."}, {"start": "00:07:33", "end": "00:07:37", "text": "The most powerful asset in all of"}, {"start": "00:07:34", "end": "00:07:41", "text": "crypto. Absolute crazy town. Up 43%"}, {"start": "00:07:37", "end": "00:07:41", "text": "since the crash on June 10th."}, {"start": "00:07:42", "end": "00:07:49", "text": "Crazy move. crazy move for this absolute"}, {"start": "00:07:45", "end": "00:07:52", "text": "beast of a coin buybacks"}, {"start": "00:07:49", "end": "00:07:55", "text": "digital asset treasury companies just so"}, {"start": "00:07:52", "end": "00:07:57", "text": "uh hyperlquid can't stop won't stop now"}, {"start": "00:07:55", "end": "00:08:00", "text": "if you missed the move and you're trying"}, {"start": "00:07:57", "end": "00:08:03", "text": "to ape in after a 43% move higher the"}, {"start": "00:08:00", "end": "00:08:06", "text": "thing I would say"}, {"start": "00:08:03", "end": "00:08:11", "text": "my take on this right now is there's a"}, {"start": "00:08:06", "end": "00:08:13", "text": "breakout trade here beyond about $76"}, {"start": "00:08:11", "end": "00:08:14", "text": "get a good solid day close above 76"}, {"start": "00:08:13", "end": "00:08:16", "text": "bucks. There might be a a breakout trade"}, {"start": "00:08:14", "end": "00:08:19", "text": "brewing here that could send this up to"}, {"start": "00:08:16", "end": "00:08:21", "text": "like a $100."}, {"start": "00:08:19", "end": "00:08:23", "text": "If that doesn't happen, watch for"}, {"start": "00:08:21", "end": "00:08:24", "text": "potential rejection here and a move back"}, {"start": "00:08:23", "end": "00:08:26", "text": "down to the 20-day EMA around like,"}, {"start": "00:08:24", "end": "00:08:28", "text": "let's say 60, 62 bucks, something like"}, {"start": "00:08:26", "end": "00:08:28", "text": "that. Hey, if you're not subscribed to"}, {"start": "00:08:28", "end": "00:08:29", "text": "the channel yet, subscribe to the"}, {"start": "00:08:28", "end": "00:08:31", "text": "channel. I see you're not subscribed."}, {"start": "00:08:29", "end": "00:08:32", "text": "Why don't you subscribe? Subscribe. It's"}, {"start": "00:08:31", "end": "00:08:34", "text": "free. It's awesome. Thank you very much."}, {"start": "00:08:32", "end": "00:08:37", "text": "Continuing."}, {"start": "00:08:34", "end": "00:08:40", "text": "Bank of Japan raises its interest rates"}, {"start": "00:08:37", "end": "00:08:40", "text": "to 1%."}, {"start": "00:08:41", "end": "00:08:45", "text": "Uh Andre down here says the reason why"}, {"start": "00:08:43", "end": "00:08:48", "text": "Finn Twitter is freaking out about this."}, {"start": "00:08:45", "end": "00:08:49", "text": "The Bank of Japan"}, {"start": "00:08:48", "end": "00:08:51", "text": "rate hiking cycles have historically"}, {"start": "00:08:49", "end": "00:08:55", "text": "coincided with US recessions. The only"}, {"start": "00:08:51", "end": "00:08:55", "text": "exception so far has been COVID."}, {"start": "00:08:58", "end": "00:09:02", "text": "That's problematic. And yet, no one is"}, {"start": "00:09:01", "end": "00:09:04", "text": "expecting a recession to come anytime"}, {"start": "00:09:02", "end": "00:09:06", "text": "soon. The data is saying that no"}, {"start": "00:09:04", "end": "00:09:08", "text": "recession is coming anytime soon."}, {"start": "00:09:06", "end": "00:09:09", "text": "Perhaps, just perhaps, this time is"}, {"start": "00:09:08", "end": "00:09:11", "text": "different. But those are very dangerous"}, {"start": "00:09:09", "end": "00:09:14", "text": "words to say."}, {"start": "00:09:11", "end": "00:09:17", "text": "very dangerous words to say."}, {"start": "00:09:14", "end": "00:09:18", "text": "Still though, perhaps the um effect of a"}, {"start": "00:09:17", "end": "00:09:21", "text": "1% interest rate in Japan is a little"}, {"start": "00:09:18", "end": "00:09:23", "text": "bit overblown. We'll find out though."}, {"start": "00:09:21", "end": "00:09:27", "text": "We'll find out."}, {"start": "00:09:23", "end": "00:09:30", "text": "The NASDAQ absolutely ripping up 8%. But"}, {"start": "00:09:27", "end": "00:09:32", "text": "what's interesting, Bitcoin has actually"}, {"start": "00:09:30", "end": "00:09:36", "text": "outperformed the NASDAQ here since uh"}, {"start": "00:09:32", "end": "00:09:39", "text": "since the low of the NASDAQ on June 9th."}, {"start": "00:09:36", "end": "00:09:42", "text": "NASDAQ's only up 8.5%. Bitcoin's up"}, {"start": "00:09:39", "end": "00:09:45", "text": "around 13%. Hey, outperformance, guys."}, {"start": "00:09:42", "end": "00:09:46", "text": "Let's go. We're still down 45% from"}, {"start": "00:09:45", "end": "00:09:49", "text": "all-time highs, but we outperformed over"}, {"start": "00:09:46", "end": "00:09:51", "text": "the last few days. Got to take your wins"}, {"start": "00:09:49", "end": "00:09:54", "text": "where you can get them."}, {"start": "00:09:51", "end": "00:09:56", "text": "Let's talk about SpaceX."}, {"start": "00:09:54", "end": "00:09:58", "text": "So, Yoohoo posted, \"We've seen some"}, {"start": "00:09:56", "end": "00:09:59", "text": "takes on I'd buy SpaceX in three months"}, {"start": "00:09:58", "end": "00:10:00", "text": "at a lower price.\" Sure, but that's"}, {"start": "00:09:59", "end": "00:10:02", "text": "fundamentally on a fundamentally"}, {"start": "00:10:00", "end": "00:10:03", "text": "different thesis. The thesis that open"}, {"start": "00:10:02", "end": "00:10:04", "text": "should be entirely based on flow."}, {"start": "00:10:03", "end": "00:10:08", "text": "Valuation doesn't matter because you"}, {"start": "00:10:04", "end": "00:10:10", "text": "have a stock that has 4.2% float."}, {"start": "00:10:08", "end": "00:10:12", "text": "Only 20% gone to retails means 0.8%"}, {"start": "00:10:10", "end": "00:10:16", "text": "possible sell pressure. The rest has"}, {"start": "00:10:12", "end": "00:10:18", "text": "gone to long only funds. 50% won't sell"}, {"start": "00:10:16", "end": "00:10:21", "text": "given flipping policy which means they"}, {"start": "00:10:18", "end": "00:10:22", "text": "have to hold 0.4% possible sell"}, {"start": "00:10:21", "end": "00:10:25", "text": "pressure. While index funds are expected"}, {"start": "00:10:22", "end": "00:10:28", "text": "to buy $20 billion around 1%."}, {"start": "00:10:25", "end": "00:10:30", "text": "It's uh like Elon launches a coin with"}, {"start": "00:10:28", "end": "00:10:34", "text": "99.6% control while a digital asset"}, {"start": "00:10:30", "end": "00:10:36", "text": "treasury company is coming in two weeks."}, {"start": "00:10:34", "end": "00:10:38", "text": "It's interesting take."}, {"start": "00:10:36", "end": "00:10:40", "text": "SpaceX up 58% for its IPO just four days"}, {"start": "00:10:38", "end": "00:10:42", "text": "ago. Only 4% of shares were able to"}, {"start": "00:10:40", "end": "00:10:44", "text": "trade. MSCI funds started buying on day"}, {"start": "00:10:42", "end": "00:10:46", "text": "one and must keep buying. NASDAQ 100"}, {"start": "00:10:44", "end": "00:10:48", "text": "inclusion in two weeks could bring"}, {"start": "00:10:46", "end": "00:10:50", "text": "another 22 to 27 billion of buying"}, {"start": "00:10:48", "end": "00:10:53", "text": "pressure. Elon's 6.4 billion shares are"}, {"start": "00:10:50", "end": "00:10:55", "text": "locked until June 2027. The stock opened"}, {"start": "00:10:53", "end": "00:10:57", "text": "at 150 bucks. Now it's over $200 in"}, {"start": "00:10:55", "end": "00:10:59", "text": "after hours."}, {"start": "00:10:57", "end": "00:11:02", "text": "File says, \"So he spent the last eight"}, {"start": "00:10:59", "end": "00:11:04", "text": "years trading lowflat high FDV crypto"}, {"start": "00:11:02", "end": "00:11:05", "text": "tokens. Learned how hard they can scam"}, {"start": "00:11:04", "end": "00:11:07", "text": "pump initially.\" That's correct. And"}, {"start": "00:11:05", "end": "00:11:08", "text": "then he went over to trade stocks and"}, {"start": "00:11:07", "end": "00:11:09", "text": "shorted SpaceX on laundry despite"}, {"start": "00:11:08", "end": "00:11:11", "text": "knowing he could do the same thing."}, {"start": "00:11:09", "end": "00:11:12", "text": "That's correct, Dave. All because Finn"}, {"start": "00:11:11", "end": "00:11:14", "text": "Twit told you it was overvalued and"}, {"start": "00:11:12", "end": "00:11:15", "text": "wasn't profitable. Yes, that's right."}, {"start": "00:11:14", "end": "00:11:18", "text": "Those things are true and the two things"}, {"start": "00:11:15", "end": "00:11:23", "text": "be true at the same time. Amazon revenue"}, {"start": "00:11:18", "end": "00:11:25", "text": "$747 billion. SpaceX $18 billion."}, {"start": "00:11:23", "end": "00:11:26", "text": "I think SpaceX has got a bit higher"}, {"start": "00:11:25", "end": "00:11:29", "text": "revenue now after that recent Google"}, {"start": "00:11:26", "end": "00:11:34", "text": "deal, but you know, still"}, {"start": "00:11:29", "end": "00:11:37", "text": "still $2.49 49 trillion SpaceX market"}, {"start": "00:11:34", "end": "00:11:39", "text": "cap versus Amazon's 2.6."}, {"start": "00:11:37", "end": "00:11:42", "text": "It's kind of crazy stuff, man. But"}, {"start": "00:11:39", "end": "00:11:46", "text": "doesn't mean it can't pump."}, {"start": "00:11:42", "end": "00:11:48", "text": "Perhaps though, the the real death of uh"}, {"start": "00:11:46", "end": "00:11:51", "text": "SpaceX is coming. Jim Kramer said he"}, {"start": "00:11:48", "end": "00:11:51", "text": "likes SpaceX."}, {"start": "00:11:54", "end": "00:11:59", "text": "Watch out, Elon. Jim Kramer likes your"}, {"start": "00:11:57", "end": "00:12:02", "text": "stock."}, {"start": "00:11:59", "end": "00:12:03", "text": "Oh boy. Look,"}, {"start": "00:12:02", "end": "00:12:07", "text": "jokes aside, I love SpaceX. I think"}, {"start": "00:12:03", "end": "00:12:09", "text": "SpaceX is an effing cool company. I do."}, {"start": "00:12:07", "end": "00:12:12", "text": "Problem, the valuation is legitimately"}, {"start": "00:12:09", "end": "00:12:13", "text": "insane. At 2.5 trillion, even with"}, {"start": "00:12:12", "end": "00:12:17", "text": "recent deals, it's still it's coming"}, {"start": "00:12:13", "end": "00:12:19", "text": "trading at like a 60x price to sales"}, {"start": "00:12:17", "end": "00:12:20", "text": "ratio, maybe 50x price to sales ratio."}, {"start": "00:12:19", "end": "00:12:23", "text": "It's very high. It's one of the most"}, {"start": "00:12:20", "end": "00:12:27", "text": "expensive stocks price to sales in the"}, {"start": "00:12:23", "end": "00:12:30", "text": "market. It can still pump. It can still"}, {"start": "00:12:27", "end": "00:12:32", "text": "pump simply based on the fact"}, {"start": "00:12:30", "end": "00:12:34", "text": "that there's so little float right now"}, {"start": "00:12:32", "end": "00:12:37", "text": "and so much demand for that. But unlocks"}, {"start": "00:12:34", "end": "00:12:39", "text": "will come soon enough"}, {"start": "00:12:37", "end": "00:12:43", "text": "and when they start doing that, we're"}, {"start": "00:12:39", "end": "00:12:46", "text": "going to see a big correction in SpaceX."}, {"start": "00:12:43", "end": "00:12:48", "text": "So yes, two things be true at the same"}, {"start": "00:12:46", "end": "00:12:49", "text": "time. It's got a great pump potential in"}, {"start": "00:12:48", "end": "00:12:51", "text": "the short term, but we still have a lot"}, {"start": "00:12:49", "end": "00:12:52", "text": "of unlocks that are going to come and"}, {"start": "00:12:51", "end": "00:12:54", "text": "it's massively overvalued at the current"}, {"start": "00:12:52", "end": "00:12:56", "text": "valuation."}, {"start": "00:12:54", "end": "00:12:58", "text": "Doesn't mean it can't pump."}, {"start": "00:12:56", "end": "00:13:01", "text": "Because people love doing that kind of"}, {"start": "00:12:58", "end": "00:13:03", "text": "stuff, don't they? Anyway, continuing"}, {"start": "00:13:01", "end": "00:13:04", "text": "Marvel Tech."}, {"start": "00:13:03", "end": "00:13:06", "text": "Triangle pattern formed up in an"}, {"start": "00:13:04", "end": "00:13:09", "text": "uptrend, broke out to the upside."}, {"start": "00:13:06", "end": "00:13:10", "text": "Shocking, I know. Anyway, I would have"}, {"start": "00:13:09", "end": "00:13:12", "text": "loved to see some more downside in this"}, {"start": "00:13:10", "end": "00:13:14", "text": "bad boy, but it getting out of the S&P"}, {"start": "00:13:12", "end": "00:13:16", "text": "500, I guess, is enough fuel to keep the"}, {"start": "00:13:14", "end": "00:13:18", "text": "rocket ship moving a little bit. Um, I'm"}, {"start": "00:13:16", "end": "00:13:19", "text": "buying a little tiny bit more today, but"}, {"start": "00:13:18", "end": "00:13:20", "text": "I'd still like to see a bit of a deeper"}, {"start": "00:13:19", "end": "00:13:22", "text": "correction before adding any kind of"}, {"start": "00:13:20", "end": "00:13:23", "text": "significant side to this. And maybe I"}, {"start": "00:13:22", "end": "00:13:25", "text": "missed that and only have a small bag"}, {"start": "00:13:23", "end": "00:13:27", "text": "and it goes up and I make some money."}, {"start": "00:13:25", "end": "00:13:30", "text": "That's fine. Robin Hood 100 bucks"}, {"start": "00:13:27", "end": "00:13:32", "text": "pre-market breaking out of this massive"}, {"start": "00:13:30", "end": "00:13:34", "text": "downtrend right here. As long as we"}, {"start": "00:13:32", "end": "00:13:36", "text": "don't close back under this, so back"}, {"start": "00:13:34", "end": "00:13:40", "text": "under $90, I think that this down this"}, {"start": "00:13:36", "end": "00:13:42", "text": "up downtrend breakout holds."}, {"start": "00:13:40", "end": "00:13:44", "text": "And if that is the case, then we've got"}, {"start": "00:13:42", "end": "00:13:46", "text": "a decent amount upside potentially"}, {"start": "00:13:44", "end": "00:13:47", "text": "coming in here. So long on this"}, {"start": "00:13:46", "end": "00:13:50", "text": "currently. Hopefully it don't get"}, {"start": "00:13:47", "end": "00:13:53", "text": "stopped out. See what happens."}, {"start": "00:13:50", "end": "00:13:54", "text": "Ogus Gavin Baker says bottleneck trade"}, {"start": "00:13:53", "end": "00:13:55", "text": "is about to end. The real question is"}, {"start": "00:13:54", "end": "00:13:56", "text": "which companies will have enduring value"}, {"start": "00:13:55", "end": "00:13:58", "text": "after the bottleneck ease. The best"}, {"start": "00:13:56", "end": "00:14:02", "text": "candidas are still cloud providers"}, {"start": "00:13:58", "end": "00:14:03", "text": "particularly neoclouds like coreweave."}, {"start": "00:14:02", "end": "00:14:07", "text": "Coreweave is obviously the most"}, {"start": "00:14:03", "end": "00:14:08", "text": "undervalued among the um the neoclouds"}, {"start": "00:14:07", "end": "00:14:10", "text": "due to worries about it financials but"}, {"start": "00:14:08", "end": "00:14:11", "text": "they have improved financial"}, {"start": "00:14:10", "end": "00:14:12", "text": "substantially this year raising $20"}, {"start": "00:14:11", "end": "00:14:16", "text": "billion in debt and equity no major"}, {"start": "00:14:12", "end": "00:14:18", "text": "maturities till 2029."}, {"start": "00:14:16", "end": "00:14:20", "text": "Interesting."}, {"start": "00:14:18", "end": "00:14:22", "text": "This has been a pretty crazy chart. You"}, {"start": "00:14:20", "end": "00:14:24", "text": "can see here,"}, {"start": "00:14:22", "end": "00:14:27", "text": "maybe even it's better to look at it"}, {"start": "00:14:24", "end": "00:14:30", "text": "like this, which are removes the wicks"}, {"start": "00:14:27", "end": "00:14:33", "text": "from it. You might see all this is just"}, {"start": "00:14:30", "end": "00:14:34", "text": "a giant sort of downtrend retest. I like"}, {"start": "00:14:33", "end": "00:14:36", "text": "using the wicks personally, but you can"}, {"start": "00:14:34", "end": "00:14:38", "text": "just then look at as a very messy"}, {"start": "00:14:36", "end": "00:14:41", "text": "retest. We've had two dips back down to"}, {"start": "00:14:38", "end": "00:14:42", "text": "the downtrend line. Three dips actually,"}, {"start": "00:14:41", "end": "00:14:45", "text": "all of which have been defended and"}, {"start": "00:14:42", "end": "00:14:48", "text": "bounced up. So, if we can get this thing"}, {"start": "00:14:45", "end": "00:14:51", "text": "to keep closing above these three EMAs"}, {"start": "00:14:48", "end": "00:14:54", "text": "right here,"}, {"start": "00:14:51", "end": "00:14:56", "text": "20 50 200 downtrend line all right in"}, {"start": "00:14:54", "end": "00:14:58", "text": "this area. If you can get some real sort"}, {"start": "00:14:56", "end": "00:14:59", "text": "of uh clean air above here, then this"}, {"start": "00:14:58", "end": "00:15:00", "text": "thing could absolutely rip. But, uh,"}, {"start": "00:14:59", "end": "00:15:04", "text": "right now it's kind of struggling in"}, {"start": "00:15:00", "end": "00:15:06", "text": "this very core zone. Marathon, I'm up on"}, {"start": "00:15:04", "end": "00:15:09", "text": "Marathon. Not going to be hating on it,"}, {"start": "00:15:06", "end": "00:15:11", "text": "but be nice for the the broader Wall"}, {"start": "00:15:09", "end": "00:15:12", "text": "Street to just pump the living out"}, {"start": "00:15:11", "end": "00:15:15", "text": "of this thing. It's an AI data center"}, {"start": "00:15:12", "end": "00:15:16", "text": "trade now. Yes, it is. Pump it to $100"}, {"start": "00:15:15", "end": "00:15:19", "text": "so I can sell it, please. Thank you very"}, {"start": "00:15:16", "end": "00:15:20", "text": "much. It'd be fantastic."}, {"start": "00:15:19", "end": "00:15:21", "text": "You guys are awesome. Thanks for tuning"}, {"start": "00:15:20", "end": "00:15:24", "text": "in today. I'll see you back in the next"}, {"start": "00:15:21", "end": "00:15:24", "text": "one. Peace."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "His ethereum bag is over $9 underwater"}, {"start": "00:00:03", "end": "00:00:07", "text": "and he's still calling for a $12,000"}, {"start": "00:00:06", "end": "00:00:09", "text": "ethereum by the end of the year."}, {"start": "00:00:07", "end": "00:00:11", "text": "Fundstrat's Tom Lee is facing massive"}, {"start": "00:00:09", "end": "00:00:12", "text": "criticism, but his conviction remains"}, {"start": "00:00:11", "end": "00:00:14", "text": "entirely unshaken. Look at Bitmain's"}, {"start": "00:00:12", "end": "00:00:15", "text": "giant ethereum treasury. They aren't"}, {"start": "00:00:14", "end": "00:00:18", "text": "panicking. In fact, they bought more of"}, {"start": "00:00:15", "end": "00:00:19", "text": "this week. Tom Lee's long-term bitcoin"}, {"start": "00:00:18", "end": "00:00:21", "text": "target also remains firmly locked"}, {"start": "00:00:19", "end": "00:00:22", "text": "between $150,000"}, {"start": "00:00:21", "end": "00:00:24", "text": "and $200,000. Why is he so incredibly"}, {"start": "00:00:22", "end": "00:00:26", "text": "confident during this brutal drawdown?"}, {"start": "00:00:24", "end": "00:00:28", "text": "Because the underlying macroeconomic"}, {"start": "00:00:26", "end": "00:00:29", "text": "shift still hasn't changed. The powerful"}, {"start": "00:00:28", "end": "00:00:30", "text": "convergence of AI development, global"}, {"start": "00:00:29", "end": "00:00:32", "text": "asset tokenization, and massive"}, {"start": "00:00:30", "end": "00:00:34", "text": "institutional capital inflows into the"}, {"start": "00:00:32", "end": "00:00:35", "text": "cryptocurrency marketplace are"}, {"start": "00:00:34", "end": "00:00:37", "text": "unstoppable. This temporary price"}, {"start": "00:00:35", "end": "00:00:38", "text": "suppression is just a massive gift for"}, {"start": "00:00:37", "end": "00:00:40", "text": "the patient [music] who want to"}, {"start": "00:00:38", "end": "00:00:45", "text": "accumulate, which perfectly explains why"}, {"start": "00:00:40", "end": "00:00:45", "text": "his ETH bag is $9 underwater."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Bitcoin buyers, it might be over. At"}, {"start": "00:00:03", "end": "00:00:08", "text": "least that's according to Donald Trump."}, {"start": "00:00:05", "end": "00:00:10", "text": "The Iran US war might be coming to its"}, {"start": "00:00:08", "end": "00:00:11", "text": "end. Fingers crossed. We've heard this"}, {"start": "00:00:10", "end": "00:00:13", "text": "many times before, but perhaps we're"}, {"start": "00:00:11", "end": "00:00:14", "text": "closer than we've ever been before."}, {"start": "00:00:13", "end": "00:00:16", "text": "That's good for markets. Markets, in"}, {"start": "00:00:14", "end": "00:00:19", "text": "fact, are loving that so far. So, we got"}, {"start": "00:00:16", "end": "00:00:22", "text": "that story to break down for you. Also,"}, {"start": "00:00:19", "end": "00:00:23", "text": "a lot of big players saying, you know"}, {"start": "00:00:22", "end": "00:00:25", "text": "what, maybe, just maybe, this whole"}, {"start": "00:00:23", "end": "00:00:27", "text": "Bitcoin bare market thing could be"}, {"start": "00:00:25", "end": "00:00:28", "text": "coming to an end sooner than people"}, {"start": "00:00:27", "end": "00:00:30", "text": "think. We got that story for you as"}, {"start": "00:00:28", "end": "00:00:32", "text": "well. Ethereum charts, Salana charts,"}, {"start": "00:00:30", "end": "00:00:34", "text": "latest stock updates, Galaxy Digital,"}, {"start": "00:00:32", "end": "00:00:35", "text": "Marathon Holdings, and more. We got a"}, {"start": "00:00:34", "end": "00:00:37", "text": "lot to cover, so let's go ahead and get"}, {"start": "00:00:35", "end": "00:00:40", "text": "the heck straight into it. First and"}, {"start": "00:00:37", "end": "00:00:44", "text": "foremost, America, baby. Let's go. The"}, {"start": "00:00:40", "end": "00:00:45", "text": "deal with the Islamic is Islamic Islamic"}, {"start": "00:00:44", "end": "00:00:46", "text": "Republic of Iran is now complete."}, {"start": "00:00:45", "end": "00:00:48", "text": "Congratulations all. I hereby fully"}, {"start": "00:00:46", "end": "00:00:50", "text": "authorize the toll-free opening of the"}, {"start": "00:00:48", "end": "00:00:51", "text": "straight hormuz. The oil's coming back,"}, {"start": "00:00:50", "end": "00:00:53", "text": "baby."}, {"start": "00:00:51", "end": "00:00:56", "text": "Oh, it's a good thing. That means Kevin"}, {"start": "00:00:53", "end": "00:00:59", "text": "Worsh can lower the interest rates. Send"}, {"start": "00:00:56", "end": "00:01:02", "text": "us on the 18 to 24month absolute moon"}, {"start": "00:00:59", "end": "00:01:04", "text": "mission where we have a.com level like"}, {"start": "00:01:02", "end": "00:01:05", "text": "boom followed by a.com level like bust."}, {"start": "00:01:04", "end": "00:01:08", "text": "Ah, I'm looking forward to it. It's"}, {"start": "00:01:05", "end": "00:01:10", "text": "going to be great. Simultaneously uh"}, {"start": "00:01:08", "end": "00:01:11", "text": "authorizing the immediate removal of the"}, {"start": "00:01:10", "end": "00:01:13", "text": "United States naval blockade ships to"}, {"start": "00:01:11", "end": "00:01:16", "text": "the world. Start your engines. Let the"}, {"start": "00:01:13", "end": "00:01:20", "text": "oil flow. The spice must flow."}, {"start": "00:01:16", "end": "00:01:21", "text": "Good. Good. Uh look, Pakistan's prime"}, {"start": "00:01:20", "end": "00:01:23", "text": "minister announced the US and Iran have"}, {"start": "00:01:21", "end": "00:01:25", "text": "officially reached a peace deal. Sign"}, {"start": "00:01:23", "end": "00:01:27", "text": "will take place June 19th in"}, {"start": "00:01:25", "end": "00:01:28", "text": "Switzerland. Both sides declared"}, {"start": "00:01:27", "end": "00:01:29", "text": "immediate and permanent termination of"}, {"start": "00:01:28", "end": "00:01:31", "text": "military operations at all fronts,"}, {"start": "00:01:29", "end": "00:01:32", "text": "including Lebanon. Now look, there's"}, {"start": "00:01:31", "end": "00:01:34", "text": "still a lot of details to work out"}, {"start": "00:01:32", "end": "00:01:35", "text": "regarding the enriched uranium and"}, {"start": "00:01:34", "end": "00:01:39", "text": "unfreezing of assets and all this kind"}, {"start": "00:01:35", "end": "00:01:40", "text": "of stuff. So let's say the fat lady is"}, {"start": "00:01:39", "end": "00:01:42", "text": "not selling yet, but she's getting on"}, {"start": "00:01:40", "end": "00:01:43", "text": "the stage. Okay, we're we're heading in"}, {"start": "00:01:42", "end": "00:01:46", "text": "the right direction here. Markets like"}, {"start": "00:01:43", "end": "00:01:49", "text": "it. Meanwhile, Marco Sailor's like, \"You"}, {"start": "00:01:46", "end": "00:01:51", "text": "know what? H guess is going to buy some"}, {"start": "00:01:49", "end": "00:01:53", "text": "more Bitcoin. I don't have his most"}, {"start": "00:01:51", "end": "00:01:55", "text": "recent purchase. He tends to put it out"}, {"start": "00:01:53", "end": "00:01:56", "text": "around this time. Of course, I'm"}, {"start": "00:01:55", "end": "00:01:57", "text": "recording a video right now, so how the"}, {"start": "00:01:56", "end": "00:01:59", "text": "hell am I supposed to know what kind of"}, {"start": "00:01:57", "end": "00:02:00", "text": "Bitcoin Mug Sailor bought today? Maybe"}, {"start": "00:01:59", "end": "00:02:02", "text": "he's just announced. Maybe he's going to"}, {"start": "00:02:00", "end": "00:02:03", "text": "announce in an hour or two. He usually"}, {"start": "00:02:02", "end": "00:02:04", "text": "announces around this time on a Monday,"}, {"start": "00:02:03", "end": "00:02:06", "text": "though what Bitcoin he bought, but he's"}, {"start": "00:02:04", "end": "00:02:09", "text": "buying more. The man's buying more."}, {"start": "00:02:06", "end": "00:02:11", "text": "Can't stop, won't stop. Crypto winter is"}, {"start": "00:02:09", "end": "00:02:14", "text": "over. Bottoms in. Standard charter"}, {"start": "00:02:11", "end": "00:02:16", "text": "analyst Jeffrey Kendrick says Bitcoin"}, {"start": "00:02:14", "end": "00:02:19", "text": "cycle bottoms now at $59,000. points to"}, {"start": "00:02:16", "end": "00:02:22", "text": "the SpaceX IPO potential US Iran peace"}, {"start": "00:02:19", "end": "00:02:24", "text": "deal as catalysts. Is it time to buy?"}, {"start": "00:02:22", "end": "00:02:27", "text": "Maybe."}, {"start": "00:02:24", "end": "00:02:32", "text": "Crypto Quant Wales complete selling and"}, {"start": "00:02:27", "end": "00:02:33", "text": "trigger a 65.7K BTC price rebound."}, {"start": "00:02:32", "end": "00:02:37", "text": "Whales fly U-turn. Wales have locked in"}, {"start": "00:02:33", "end": "00:02:38", "text": "the $60,000 to $61,500"}, {"start": "00:02:37", "end": "00:02:40", "text": "range as a rock solid floor with"}, {"start": "00:02:38", "end": "00:02:43", "text": "exchange reserves depleted. The path of"}, {"start": "00:02:40", "end": "00:02:47", "text": "least resistance for Bitcoin is now"}, {"start": "00:02:43", "end": "00:02:49", "text": "firmly upward. Let's go. All right. I"}, {"start": "00:02:47", "end": "00:02:51", "text": "dig it. I dig it. Let's see. Ryan"}, {"start": "00:02:49", "end": "00:02:54", "text": "Armstrong thinks Bitcoin's already"}, {"start": "00:02:51", "end": "00:02:57", "text": "bottomed. Coinbase Co says $60,000 may"}, {"start": "00:02:54", "end": "00:03:01", "text": "have marked the low."}, {"start": "00:02:57", "end": "00:03:01", "text": "He's bald, so you can trust him."}, {"start": "00:03:01", "end": "00:03:05", "text": "Ah, Shaw posted this. Fun fact,"}, {"start": "00:03:04", "end": "00:03:06", "text": "Bitcoin's never printed two consecutive"}, {"start": "00:03:05", "end": "00:03:08", "text": "red years. Bitcoin open this year at"}, {"start": "00:03:06", "end": "00:03:11", "text": "$87,500."}, {"start": "00:03:08", "end": "00:03:14", "text": "Do with that information what you will."}, {"start": "00:03:11", "end": "00:03:16", "text": "Oh, if we end the year green. Oh, it's"}, {"start": "00:03:14", "end": "00:03:20", "text": "gonna [�__�] so many people up. It'll be"}, {"start": "00:03:16", "end": "00:03:22", "text": "hilarious. Uh, now look"}, {"start": "00:03:20", "end": "00:03:25", "text": "there's so many little variations within"}, {"start": "00:03:22", "end": "00:03:28", "text": "the Bitcoin four-year cycle ideology."}, {"start": "00:03:25", "end": "00:03:30", "text": "You know, we had a new high before the"}, {"start": "00:03:28", "end": "00:03:33", "text": "having and the amount of days that pass"}, {"start": "00:03:30", "end": "00:03:35", "text": "from the breaking of the previous peak"}, {"start": "00:03:33", "end": "00:03:36", "text": "price to the bare market bottom and all"}, {"start": "00:03:35", "end": "00:03:37", "text": "these sort of things. everything just"}, {"start": "00:03:36", "end": "00:03:39", "text": "throw it all out the window because"}, {"start": "00:03:37", "end": "00:03:42", "text": "basically the only key point in the"}, {"start": "00:03:39", "end": "00:03:46", "text": "Bitcoin for your having is that"}, {"start": "00:03:42", "end": "00:03:48", "text": "the having happens X amount of time"}, {"start": "00:03:46", "end": "00:03:49", "text": "after the having Bitcoin peaks X amount"}, {"start": "00:03:48", "end": "00:03:51", "text": "of time after that Bitcoin bottoms and"}, {"start": "00:03:49", "end": "00:03:53", "text": "you repeat the cycle everything else is"}, {"start": "00:03:51", "end": "00:03:57", "text": "irrelevant nothing else literally"}, {"start": "00:03:53", "end": "00:03:59", "text": "matters simply a timebased clock for BTC"}, {"start": "00:03:57", "end": "00:04:01", "text": "and the apparent draw downs even though"}, {"start": "00:03:59", "end": "00:04:03", "text": "again we'd throw out all the rest of the"}, {"start": "00:04:01", "end": "00:04:07", "text": "data apparent draw downs should be"}, {"start": "00:04:03", "end": "00:04:09", "text": "around 2 to 3% less less each time."}, {"start": "00:04:07", "end": "00:04:12", "text": "That's it. That's the core of the"}, {"start": "00:04:09", "end": "00:04:14", "text": "Bitcoin four-year having cycle thesis."}, {"start": "00:04:12", "end": "00:04:17", "text": "So something like"}, {"start": "00:04:14", "end": "00:04:19", "text": "this"}, {"start": "00:04:17", "end": "00:04:23", "text": "doesn't matter. It's nice. It's"}, {"start": "00:04:19", "end": "00:04:24", "text": "interesting, but uh perhaps not super"}, {"start": "00:04:23", "end": "00:04:26", "text": "relevant. Gosh darn. I want to be"}, {"start": "00:04:24", "end": "00:04:29", "text": "relevant. Be relevant, you [�__�]"}, {"start": "00:04:26", "end": "00:04:31", "text": "Come on, chart. Come on. H sorry for the"}, {"start": "00:04:29", "end": "00:04:32", "text": "potty language, ladies and gentlemen. I"}, {"start": "00:04:31", "end": "00:04:34", "text": "see some of you guys complain about I"}, {"start": "00:04:32", "end": "00:04:37", "text": "can't help it. Just what happens. So"}, {"start": "00:04:34", "end": "00:04:40", "text": "anyway, Bitcoin currently pumping coming"}, {"start": "00:04:37", "end": "00:04:42", "text": "up to the 20-day EMA right here around"}, {"start": "00:04:40", "end": "00:04:44", "text": "$66,500."}, {"start": "00:04:42", "end": "00:04:46", "text": "We're getting there pretty quickly. Now,"}, {"start": "00:04:44", "end": "00:04:49", "text": "remember the technical breakout of this"}, {"start": "00:04:46", "end": "00:04:51", "text": "triangle down here, which the fact that"}, {"start": "00:04:49", "end": "00:04:53", "text": "it didn't go to the downside is very"}, {"start": "00:04:51", "end": "00:04:56", "text": "interesting of a sell because normally"}, {"start": "00:04:53", "end": "00:04:57", "text": "this is a downside continuation pattern"}, {"start": "00:04:56", "end": "00:04:59", "text": "in a bearish trend. That kind of"}, {"start": "00:04:57", "end": "00:05:01", "text": "triangle didn't happen. We got the MACD"}, {"start": "00:04:59", "end": "00:05:02", "text": "bullish crossover. We got the RSI"}, {"start": "00:05:01", "end": "00:05:04", "text": "control line breakout. Now we're going"}, {"start": "00:05:02", "end": "00:05:06", "text": "back up to the 20-day EMA. So, if you"}, {"start": "00:05:04", "end": "00:05:08", "text": "missed the move right now, you need to"}, {"start": "00:05:06", "end": "00:05:10", "text": "watch and wait and see what the 20-day"}, {"start": "00:05:08", "end": "00:05:12", "text": "EMA does. Now, I'm in the move. I told"}, {"start": "00:05:10", "end": "00:05:16", "text": "you guys on Friday what my trades were."}, {"start": "00:05:12", "end": "00:05:17", "text": "Trades open right now."}, {"start": "00:05:16", "end": "00:05:20", "text": "It's nice. Good technical target here,"}, {"start": "00:05:17", "end": "00:05:22", "text": "too, on this is about a $5,000 breakout"}, {"start": "00:05:20", "end": "00:05:24", "text": "gap. So, this targets around $68,000."}, {"start": "00:05:22", "end": "00:05:26", "text": "So, that would then say kind of wicks up"}, {"start": "00:05:24", "end": "00:05:27", "text": "a little bit over the um 20-day EMA."}, {"start": "00:05:26", "end": "00:05:29", "text": "It's kind of halfway between these two"}, {"start": "00:05:27", "end": "00:05:31", "text": "EMAs here. I almost feel like moving my"}, {"start": "00:05:29", "end": "00:05:36", "text": "my target up to like 69,500 on this"}, {"start": "00:05:31", "end": "00:05:39", "text": "trade. Anyway, trade update. Long on"}, {"start": "00:05:36", "end": "00:05:41", "text": "hood from today. You can see that here."}, {"start": "00:05:39", "end": "00:05:43", "text": "Entry is a bit late to be honest. I"}, {"start": "00:05:41", "end": "00:05:44", "text": "should have I should have uh thrown some"}, {"start": "00:05:43", "end": "00:05:48", "text": "Actually, you know what, David, our our"}, {"start": "00:05:44", "end": "00:05:50", "text": "inner circle technical analysis guy, he"}, {"start": "00:05:48", "end": "00:05:54", "text": "actually called this on Friday. Did I"}, {"start": "00:05:50", "end": "00:05:56", "text": "put the trade in? No, I did not. Anyway,"}, {"start": "00:05:54", "end": "00:05:58", "text": "so he he got in, I think, three or four"}, {"start": "00:05:56", "end": "00:05:59", "text": "dollars lower on this uh entry price,"}, {"start": "00:05:58", "end": "00:06:01", "text": "but anyway, whatever. I'm going to try"}, {"start": "00:05:59", "end": "00:06:02", "text": "to see. We got a pretty big breakout"}, {"start": "00:06:01", "end": "00:06:04", "text": "coming. We're going to look at the hood"}, {"start": "00:06:02", "end": "00:06:06", "text": "chart here in a few minutes. Bitcoin"}, {"start": "00:06:04", "end": "00:06:09", "text": "trade doing okay so far. In fact, you"}, {"start": "00:06:06", "end": "00:06:12", "text": "know what? I am going to just move up"}, {"start": "00:06:09", "end": "00:06:14", "text": "the stop loss on this or the um the"}, {"start": "00:06:12", "end": "00:06:15", "text": "takerit. This one's actually at 70K."}, {"start": "00:06:14", "end": "00:06:17", "text": "That's good. I think the other one's No,"}, {"start": "00:06:15", "end": "00:06:18", "text": "they're both at 70K actually. Great."}, {"start": "00:06:17", "end": "00:06:20", "text": "Fantastic. I need to move either of"}, {"start": "00:06:18", "end": "00:06:21", "text": "these up. They're both at 70K. I almost"}, {"start": "00:06:20", "end": "00:06:23", "text": "feel like I need to move them down"}, {"start": "00:06:21", "end": "00:06:24", "text": "actually. 69,500. We'll see what"}, {"start": "00:06:23", "end": "00:06:26", "text": "happens. Anyway, Salana here trade uh"}, {"start": "00:06:24", "end": "00:06:28", "text": "doing well. I probably need to move"}, {"start": "00:06:26", "end": "00:06:29", "text": "these up to break even relatively soon."}, {"start": "00:06:28", "end": "00:06:32", "text": "Look at this Salana trade. I think it's"}, {"start": "00:06:29", "end": "00:06:35", "text": "got enough momentum now. The uh take"}, {"start": "00:06:32", "end": "00:06:37", "text": "profit on this one is at $78. We're at"}, {"start": "00:06:35", "end": "00:06:40", "text": "7250 right now. Come on. Salana D needs"}, {"start": "00:06:37", "end": "00:06:43", "text": "a new pair of boots. Let's go. Come on."}, {"start": "00:06:40", "end": "00:06:45", "text": "Come on. Now. Uh anyway, there we go."}, {"start": "00:06:43", "end": "00:06:46", "text": "Those trade updates."}, {"start": "00:06:45", "end": "00:06:48", "text": "If you want to join me trading over on"}, {"start": "00:06:46", "end": "00:06:50", "text": "Bit, there is a link right down below"}, {"start": "00:06:48", "end": "00:06:52", "text": "here. You can get signed up. Anyone,"}, {"start": "00:06:50", "end": "00:06:53", "text": "anywhere. That's you. Sign up and trade"}, {"start": "00:06:52", "end": "00:06:55", "text": "crypto. Sign up and trade metals. Sign"}, {"start": "00:06:53", "end": "00:06:57", "text": "up and trade stocks. They got you"}, {"start": "00:06:55", "end": "00:06:59", "text": "covered. We're giving away a thousand"}, {"start": "00:06:57", "end": "00:07:01", "text": "bucks Monday to Friday during these news"}, {"start": "00:06:59", "end": "00:07:03", "text": "videos. You could be that one of those"}, {"start": "00:07:01", "end": "00:07:04", "text": "people winning $1,000 right now. We're"}, {"start": "00:07:03", "end": "00:07:08", "text": "going to give it away in like 30"}, {"start": "00:07:04", "end": "00:07:10", "text": "seconds. Okay. Plus, when you sign up,"}, {"start": "00:07:08", "end": "00:07:11", "text": "not only going to be into get those"}, {"start": "00:07:10", "end": "00:07:12", "text": "giveaways, all you have to do is create"}, {"start": "00:07:11", "end": "00:07:14", "text": "your account, make a deposit, make a"}, {"start": "00:07:12", "end": "00:07:16", "text": "trade. It's super effing easy. Link down"}, {"start": "00:07:14", "end": "00:07:19", "text": "below. People are winning 5,000 bucks"}, {"start": "00:07:16", "end": "00:07:20", "text": "every week. Let's draw today's winner."}, {"start": "00:07:19", "end": "00:07:22", "text": "By the way, if you're not signed up to"}, {"start": "00:07:20", "end": "00:07:24", "text": "the inner circle yet, the guys at Bits"}, {"start": "00:07:22", "end": "00:07:26", "text": "are also giving an $80 a month rebate"}, {"start": "00:07:24", "end": "00:07:27", "text": "for inner circle membership. So, not"}, {"start": "00:07:26", "end": "00:07:29", "text": "only you going to be excl for for"}, {"start": "00:07:27", "end": "00:07:30", "text": "exclusive inner circle Discord"}, {"start": "00:07:29", "end": "00:07:33", "text": "giveaways. We're giving away 5,000 bucks"}, {"start": "00:07:30", "end": "00:07:35", "text": "every single week. Thanks, guys. We're"}, {"start": "00:07:33", "end": "00:07:37", "text": "also giving away $1,000 on stream and"}, {"start": "00:07:35", "end": "00:07:38", "text": "you get an $80 month rebate. Like, it's"}, {"start": "00:07:37", "end": "00:07:39", "text": "crazy. Plus, you get a 7-day free trial."}, {"start": "00:07:38", "end": "00:07:42", "text": "Now, if you haven't signed up for the"}, {"start": "00:07:39", "end": "00:07:44", "text": "inner circle yet, it's actually crazy"}, {"start": "00:07:42", "end": "00:07:46", "text": "because we're doing institutional grade"}, {"start": "00:07:44", "end": "00:07:49", "text": "research reports on tech stocks, on"}, {"start": "00:07:46", "end": "00:07:51", "text": "crypto. We've got insane winners. Uh, a"}, {"start": "00:07:49", "end": "00:07:52", "text": "lot of them actually was looking through"}, {"start": "00:07:51", "end": "00:07:54", "text": "backs through some of the stuff today"}, {"start": "00:07:52", "end": "00:07:56", "text": "like Western Digital, uh, Micron Tech,"}, {"start": "00:07:54", "end": "00:07:58", "text": "Rocket Labs. These things are all up"}, {"start": "00:07:56", "end": "00:08:00", "text": "massively since our reports."}, {"start": "00:07:58", "end": "00:08:02", "text": "Plus, you get long and short positions"}, {"start": "00:08:00", "end": "00:08:03", "text": "on crypto and stocks. Link down below"}, {"start": "00:08:02", "end": "00:08:06", "text": "for the inner circle by the way, where"}, {"start": "00:08:03", "end": "00:08:07", "text": "you get your $8 rebate. Congratulations"}, {"start": "00:08:06", "end": "00:08:09", "text": "to gabagemail.com."}, {"start": "00:08:07", "end": "00:08:12", "text": "1,000 bucks. There's 1,000 bucks."}, {"start": "00:08:09", "end": "00:08:14", "text": "Congratulations. Anyway, you get long"}, {"start": "00:08:12", "end": "00:08:16", "text": "and short positions too uh from our"}, {"start": "00:08:14", "end": "00:08:18", "text": "in-house trading team like the Robin"}, {"start": "00:08:16", "end": "00:08:21", "text": "Hood long for example uh like the"}, {"start": "00:08:18", "end": "00:08:23", "text": "Bitcoin short members printed 15% and a"}, {"start": "00:08:21", "end": "00:08:25", "text": "lot of people used leverage like 2 or 3x"}, {"start": "00:08:23", "end": "00:08:28", "text": "and so some people put up like 45% gains"}, {"start": "00:08:25", "end": "00:08:29", "text": "on that Bitcoin short the other week."}, {"start": "00:08:28", "end": "00:08:32", "text": "Okay, market's freaking out. We shorted"}, {"start": "00:08:29", "end": "00:08:34", "text": "it. By the way,"}, {"start": "00:08:32", "end": "00:08:36", "text": "Zcash breakdown. Yeah, members caught"}, {"start": "00:08:34", "end": "00:08:38", "text": "that too. Printed money link down below"}, {"start": "00:08:36", "end": "00:08:41", "text": "if you're not interested free trial 80"}, {"start": "00:08:38", "end": "00:08:43", "text": "month $80 a month rebate. Anyway, enough"}, {"start": "00:08:41", "end": "00:08:45", "text": "enough of that. Let's move on. So, Tim"}, {"start": "00:08:43", "end": "00:08:47", "text": "Scott says, \"Clarity Act will be passed"}, {"start": "00:08:45", "end": "00:08:51", "text": "before August. Pass the effing Clarity"}, {"start": "00:08:47", "end": "00:08:52", "text": "Act and pump my coins.\" Let's go. Ah,"}, {"start": "00:08:51", "end": "00:08:54", "text": "let's go. Come on. Seriously though,"}, {"start": "00:08:52", "end": "00:08:57", "text": "let's pump the coins. Woo blockchain."}, {"start": "00:08:54", "end": "00:08:58", "text": "Ethereum researcher says postquantum"}, {"start": "00:08:57", "end": "00:09:00", "text": "account protection can be implemented"}, {"start": "00:08:58", "end": "00:09:04", "text": "today for seven cents. Ethereum"}, {"start": "00:09:00", "end": "00:09:06", "text": "Foundation privacy project Kahaku lead"}, {"start": "00:09:04", "end": "00:09:08", "text": "Nico said Ethereum can begin preparing"}, {"start": "00:09:06", "end": "00:09:11", "text": "accounts for the postquantum era today"}, {"start": "00:09:08", "end": "00:09:12", "text": "without requiring a hard fork."}, {"start": "00:09:11", "end": "00:09:14", "text": "Ethereum's ready, baby. Let's go."}, {"start": "00:09:12", "end": "00:09:15", "text": "Ethereum to the moon. Uh kind of not"}, {"start": "00:09:14", "end": "00:09:17", "text": "really today, but you know, it is"}, {"start": "00:09:15", "end": "00:09:19", "text": "breaking out from the triangle. And"}, {"start": "00:09:17", "end": "00:09:22", "text": "again, the implied target here, it's"}, {"start": "00:09:19", "end": "00:09:23", "text": "about a $200 implied move. So 1,800"}, {"start": "00:09:22", "end": "00:09:25", "text": "bucks, something like that, a little bit"}, {"start": "00:09:23", "end": "00:09:26", "text": "over the 20-day EMA. And then we'll sort"}, {"start": "00:09:25", "end": "00:09:28", "text": "of reassess from there. So again, if"}, {"start": "00:09:26", "end": "00:09:29", "text": "you're not in that move already from the"}, {"start": "00:09:28", "end": "00:09:30", "text": "breakout of the triangle, that's when"}, {"start": "00:09:29", "end": "00:09:32", "text": "you want to get in it. I'm not saying"}, {"start": "00:09:30", "end": "00:09:34", "text": "there's not a lot of upside potential."}, {"start": "00:09:32", "end": "00:09:35", "text": "Maybe we've got a trend reversal here,"}, {"start": "00:09:34", "end": "00:09:38", "text": "at least for a decent bare market rally"}, {"start": "00:09:35", "end": "00:09:40", "text": "at the very least, right? We shall see."}, {"start": "00:09:38", "end": "00:09:43", "text": "Anyway, I bought some ETH the other day."}, {"start": "00:09:40", "end": "00:09:47", "text": "It felt weird. Felt kind of dirty to be"}, {"start": "00:09:43", "end": "00:09:50", "text": "honest. ETH of all coins. Anyway, oh,"}, {"start": "00:09:47", "end": "00:09:52", "text": "Salana, let's go, baby. At the 20-day"}, {"start": "00:09:50", "end": "00:09:53", "text": "EMA right now. Make or break line. This"}, {"start": "00:09:52", "end": "00:09:56", "text": "thing better effing ripping and get me"}, {"start": "00:09:53", "end": "00:09:57", "text": "up to $78 EMA. so I can make my damn"}, {"start": "00:09:56", "end": "00:10:00", "text": "money on the trade. That'll be great."}, {"start": "00:09:57", "end": "00:10:03", "text": "Anyway, Salana ripping. It's nice to"}, {"start": "00:10:00", "end": "00:10:04", "text": "see. Bought more down here because what"}, {"start": "00:10:03", "end": "00:10:06", "text": "else are you going to do in these kind"}, {"start": "00:10:04", "end": "00:10:09", "text": "of scenarios? You're going to buy more"}, {"start": "00:10:06", "end": "00:10:11", "text": "effing salana, aren't you? Anyway, see"}, {"start": "00:10:09", "end": "00:10:13", "text": "how the trade again uh the trade was"}, {"start": "00:10:11", "end": "00:10:16", "text": "breaking was the uh triangle breakout as"}, {"start": "00:10:13", "end": "00:10:20", "text": "I explained to you guys on previously"}, {"start": "00:10:16", "end": "00:10:21", "text": "and traded here on the videos. So, um I"}, {"start": "00:10:20", "end": "00:10:23", "text": "wouldn't be rushing to get into this"}, {"start": "00:10:21", "end": "00:10:25", "text": "right now. 20-day EMA as a potential"}, {"start": "00:10:23", "end": "00:10:26", "text": "rejection area. Hopefully, it blasts"}, {"start": "00:10:25", "end": "00:10:29", "text": "through and does get to the 50-day EMA,"}, {"start": "00:10:26", "end": "00:10:31", "text": "but"}, {"start": "00:10:29", "end": "00:10:32", "text": "not not trading that uh not entering a"}, {"start": "00:10:31", "end": "00:10:34", "text": "trade on that currently, but in the"}, {"start": "00:10:32", "end": "00:10:35", "text": "trades already. Subscribe if not"}, {"start": "00:10:34", "end": "00:10:36", "text": "subscribed to channel yet. I would love"}, {"start": "00:10:35", "end": "00:10:37", "text": "to see you subscribe to the channel. I"}, {"start": "00:10:36", "end": "00:10:39", "text": "know a lot of you guys are not"}, {"start": "00:10:37", "end": "00:10:40", "text": "subscribed. It's free, by the way. It's"}, {"start": "00:10:39", "end": "00:10:42", "text": "free. It's awesome. You get these videos"}, {"start": "00:10:40", "end": "00:10:44", "text": "to your your browser feed in the future."}, {"start": "00:10:42", "end": "00:10:47", "text": "It'll be cool. See you there. Link down"}, {"start": "00:10:44", "end": "00:10:50", "text": "below. It's free. Anyway,"}, {"start": "00:10:47", "end": "00:10:54", "text": "the NASDAQ. Oh, the NASDAQ is ripping on"}, {"start": "00:10:50", "end": "00:10:57", "text": "open. up to 737 from 721 the other day."}, {"start": "00:10:54", "end": "00:11:00", "text": "All of this was just a 50-day EMA"}, {"start": "00:10:57", "end": "00:11:01", "text": "retest, dog. Come on. Come. It's"}, {"start": "00:11:00", "end": "00:11:03", "text": "ridiculous. It's ridiculous the amount"}, {"start": "00:11:01", "end": "00:11:04", "text": "of pumping they do on the stock market."}, {"start": "00:11:03", "end": "00:11:05", "text": "It's just like it's embarrassing for"}, {"start": "00:11:04", "end": "00:11:07", "text": "crypto, but it's great for if you're"}, {"start": "00:11:05", "end": "00:11:08", "text": "holding stocks. I should have more"}, {"start": "00:11:07", "end": "00:11:09", "text": "stocks. I got a lot of stocks, but gosh"}, {"start": "00:11:08", "end": "00:11:10", "text": "darn. You know, you never feel like you"}, {"start": "00:11:09", "end": "00:11:13", "text": "have enough when the markets are"}, {"start": "00:11:10", "end": "00:11:15", "text": "pumping, do you? Amazon. I'm bringing up"}, {"start": "00:11:13", "end": "00:11:18", "text": "Amazon because Amazon, how is it? How is"}, {"start": "00:11:15", "end": "00:11:20", "text": "it almost oversold on the daily? This is"}, {"start": "00:11:18", "end": "00:11:23", "text": "crazy. weirdly one of the most hated"}, {"start": "00:11:20", "end": "00:11:26", "text": "assets like out of the big big stock uh"}, {"start": "00:11:23", "end": "00:11:29", "text": "big market cap cryptos. It's"}, {"start": "00:11:26", "end": "00:11:32", "text": "it feels mispriced. I have a big Amazon"}, {"start": "00:11:29", "end": "00:11:36", "text": "bag. Maybe not big enough, but gosh darn"}, {"start": "00:11:32", "end": "00:11:38", "text": "it. 200 day EMA retest."}, {"start": "00:11:36", "end": "00:11:39", "text": "Yeah, you know, I guess Amazon should be"}, {"start": "00:11:38", "end": "00:11:41", "text": "selling memory chips like Micron. But"}, {"start": "00:11:39", "end": "00:11:42", "text": "anyway,"}, {"start": "00:11:41", "end": "00:11:44", "text": "I feel like there's some kind of mean"}, {"start": "00:11:42", "end": "00:11:46", "text": "reversion trade here at least at a"}, {"start": "00:11:44", "end": "00:11:48", "text": "pretty easy invalidation point under the"}, {"start": "00:11:46", "end": "00:11:49", "text": "um 200 day EMA. I'm not trading that"}, {"start": "00:11:48", "end": "00:11:52", "text": "currently, but maybe maybe it's not"}, {"start": "00:11:49", "end": "00:11:54", "text": "worth my time. Qualcomm and Qualcomm"}, {"start": "00:11:52", "end": "00:11:55", "text": "bags slightly in profit. You know, it's"}, {"start": "00:11:54", "end": "00:11:57", "text": "been such a wild ride on Qualcomm. The"}, {"start": "00:11:55", "end": "00:11:59", "text": "market is really not taking them"}, {"start": "00:11:57", "end": "00:12:02", "text": "seriously as a as a semiconductor"}, {"start": "00:11:59", "end": "00:12:04", "text": "producer yet, but they need to so my"}, {"start": "00:12:02", "end": "00:12:08", "text": "bags can go up in price hopefully. H"}, {"start": "00:12:04", "end": "00:12:09", "text": "Robin Hood, this is the downtrend line."}, {"start": "00:12:08", "end": "00:12:11", "text": "This is the potential break of the"}, {"start": "00:12:09", "end": "00:12:14", "text": "downtrend line. Pre-markets showing"}, {"start": "00:12:11", "end": "00:12:16", "text": "opening up at a breakout."}, {"start": "00:12:14", "end": "00:12:18", "text": "We like that. We like that. The"}, {"start": "00:12:16", "end": "00:12:21", "text": "implications here are pretty high. I've"}, {"start": "00:12:18", "end": "00:12:24", "text": "got my price target set at 150. Perhaps"}, {"start": "00:12:21", "end": "00:12:26", "text": "that's too much, too ambitious for this"}, {"start": "00:12:24", "end": "00:12:27", "text": "trade. I guess we'll find out. Kip"}, {"start": "00:12:26", "end": "00:12:29", "text": "Harriage says, \"Check out the"}, {"start": "00:12:27", "end": "00:12:31", "text": "outperformance of Galaxy Digital versus"}, {"start": "00:12:29", "end": "00:12:32", "text": "Bitcoin. It's going parabolic on a"}, {"start": "00:12:31", "end": "00:12:34", "text": "relative strength basis. Bitcoin, one of"}, {"start": "00:12:32", "end": "00:12:35", "text": "those bullish signs you'll see in the"}, {"start": "00:12:34", "end": "00:12:37", "text": "crypto space. Even as BTC is retesting"}, {"start": "00:12:35", "end": "00:12:41", "text": "59k lows, Galaxy continues to surge"}, {"start": "00:12:37", "end": "00:12:42", "text": "higher.\" Said move get past 3940 bucks."}, {"start": "00:12:41", "end": "00:12:44", "text": "Get past 35 and 40 bucks should happen"}, {"start": "00:12:42", "end": "00:12:47", "text": "pretty fast. Set our end of year target"}, {"start": "00:12:44", "end": "00:12:48", "text": "means $100. I can see this being $100"}, {"start": "00:12:47", "end": "00:12:50", "text": "stock, especially if crypto takes off."}, {"start": "00:12:48", "end": "00:12:51", "text": "See, Galaxy Digital kind of suffers from"}, {"start": "00:12:50", "end": "00:12:55", "text": "the problem that it's right now it's too"}, {"start": "00:12:51", "end": "00:12:56", "text": "crypto associated, but now they're an AI"}, {"start": "00:12:55", "end": "00:12:58", "text": "data center company, too. And that is"}, {"start": "00:12:56", "end": "00:13:00", "text": "the big story, I think, behind Galaxy"}, {"start": "00:12:58", "end": "00:13:02", "text": "Digital, which is why I bought some in"}, {"start": "00:13:00", "end": "00:13:03", "text": "the first place, not more [�__�] crypto"}, {"start": "00:13:02", "end": "00:13:05", "text": "exposure. Last thing I need is more"}, {"start": "00:13:03", "end": "00:13:07", "text": "crypto exposure, man. I won't lose my"}, {"start": "00:13:05", "end": "00:13:08", "text": "[�__�] mind at some point. But the fact"}, {"start": "00:13:07", "end": "00:13:10", "text": "this is now an AI data center play is"}, {"start": "00:13:08", "end": "00:13:11", "text": "what made me enter a position on Galaxy"}, {"start": "00:13:10", "end": "00:13:13", "text": "Digital a few months ago, and it's been"}, {"start": "00:13:11", "end": "00:13:14", "text": "a pretty rough ride since then. To be"}, {"start": "00:13:13", "end": "00:13:16", "text": "fair, market has not I was, you know,"}, {"start": "00:13:14", "end": "00:13:18", "text": "let's say I'm early. Market has not"}, {"start": "00:13:16", "end": "00:13:19", "text": "agreed with the importance of their AI"}, {"start": "00:13:18", "end": "00:13:21", "text": "data center pivot, but they have a"}, {"start": "00:13:19", "end": "00:13:22", "text": "highly profitable crypto business, which"}, {"start": "00:13:21", "end": "00:13:23", "text": "of course right now because of the bare"}, {"start": "00:13:22", "end": "00:13:25", "text": "market, nobody really gives a [�__�]"}, {"start": "00:13:23", "end": "00:13:28", "text": "about, but at some point if crypto"}, {"start": "00:13:25", "end": "00:13:30", "text": "starts coming back, this then becomes a"}, {"start": "00:13:28", "end": "00:13:31", "text": "crypto play and an AI data center play"}, {"start": "00:13:30", "end": "00:13:34", "text": "at the same time, which the market"}, {"start": "00:13:31", "end": "00:13:36", "text": "should in theory love. Marathon Digital,"}, {"start": "00:13:34", "end": "00:13:38", "text": "it's working out pretty good so far."}, {"start": "00:13:36", "end": "00:13:40", "text": "Now, look, I gotta be clear here. I've"}, {"start": "00:13:38", "end": "00:13:43", "text": "got old Marathon digital bags back in a"}, {"start": "00:13:40", "end": "00:13:45", "text": "different uh stock account that are"}, {"start": "00:13:43", "end": "00:13:47", "text": "currently underwater by like 40%. Okay,"}, {"start": "00:13:45", "end": "00:13:49", "text": "so you know, we got that to contend with"}, {"start": "00:13:47", "end": "00:13:51", "text": "here. But then the flip side is that I"}, {"start": "00:13:49", "end": "00:13:54", "text": "have a bigger position. I bought down"}, {"start": "00:13:51", "end": "00:13:56", "text": "here in uh this sort of zone that's"}, {"start": "00:13:54", "end": "00:13:57", "text": "currently up like 40 50% in profits. So"}, {"start": "00:13:56", "end": "00:13:59", "text": "I guess I'm at like break even. But"}, {"start": "00:13:57", "end": "00:14:02", "text": "anyway, it's nice to see my new bag"}, {"start": "00:13:59", "end": "00:14:04", "text": "doing well. And I think that the the"}, {"start": "00:14:02", "end": "00:14:05", "text": "conversation around Marathon Holdings is"}, {"start": "00:14:04", "end": "00:14:07", "text": "starting to catch up that this is not"}, {"start": "00:14:05", "end": "00:14:12", "text": "just a Bitcoin miner anymore. that guess"}, {"start": "00:14:07", "end": "00:14:15", "text": "what? This is now a AI data center play"}, {"start": "00:14:12", "end": "00:14:17", "text": "and perhaps it's worth holding"}, {"start": "00:14:15", "end": "00:14:20", "text": "marathon to $100. Anyway, you guys are"}, {"start": "00:14:17", "end": "00:14:20", "text": "awesome. Thanks for watching. Bye."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "He's been screaming crash ever since"}, {"start": "00:00:02", "end": "00:00:08", "text": "2025. But AI isn't dead, it's just"}, {"start": "00:00:05", "end": "00:00:10", "text": "rotating. Why Bur's bare thesis could be"}, {"start": "00:00:08", "end": "00:00:11", "text": "cracking here. Critics point out that"}, {"start": "00:00:10", "end": "00:00:13", "text": "his Nvidia and Palunteer shorts were"}, {"start": "00:00:11", "end": "00:00:15", "text": "incredibly early and wildly painful."}, {"start": "00:00:13", "end": "00:00:16", "text": "Plus, his harsh SpaceX criticism"}, {"start": "00:00:15", "end": "00:00:18", "text": "completely ignores the insatiable,"}, {"start": "00:00:16", "end": "00:00:20", "text": "skyrocketing global demand for raw"}, {"start": "00:00:18", "end": "00:00:22", "text": "compute power. Look at the charts."}, {"start": "00:00:20", "end": "00:00:24", "text": "Today's sudden dip isn't a structural"}, {"start": "00:00:22", "end": "00:00:25", "text": "collapse. It's just standard healthy"}, {"start": "00:00:24", "end": "00:00:27", "text": "profit taken from institutional players."}, {"start": "00:00:25", "end": "00:00:29", "text": "This isn't the end of the tech super"}, {"start": "00:00:27", "end": "00:00:31", "text": "cycle. It's just the classic story of"}, {"start": "00:00:29", "end": "00:00:32", "text": "the boy who cried wolf. Again, tech"}, {"start": "00:00:31", "end": "00:00:34", "text": "fundamentals are stronger than ever,"}, {"start": "00:00:32", "end": "00:00:35", "text": "proving that people need to stop"}, {"start": "00:00:34", "end": "00:00:39", "text": "panicking every single time he's been"}, {"start": "00:00:35", "end": "00:00:39", "text": "screaming crash since 2025."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "When the elites of Wall Street and"}, {"start": "00:00:01", "end": "00:00:04", "text": "Washington secretly pile into the exact"}, {"start": "00:00:03", "end": "00:00:06", "text": "same stock, you need to pay attention."}, {"start": "00:00:04", "end": "00:00:08", "text": "The CEO of ServiceNow, Bill McDermott,"}, {"start": "00:00:06", "end": "00:00:10", "text": "just dropped $3 million of his own cash"}, {"start": "00:00:08", "end": "00:00:11", "text": "to buy his own company's stock. But, it"}, {"start": "00:00:10", "end": "00:00:13", "text": "gets crazier. He completely canceled his"}, {"start": "00:00:11", "end": "00:00:14", "text": "automatic stock selling plan, the"}, {"start": "00:00:13", "end": "00:00:16", "text": "automated schedule CEOs use to dump"}, {"start": "00:00:14", "end": "00:00:17", "text": "their shares, and started aggressively"}, {"start": "00:00:16", "end": "00:00:18", "text": "buying on the open market instead."}, {"start": "00:00:17", "end": "00:00:20", "text": "McDermott calls this a"}, {"start": "00:00:18", "end": "00:00:22", "text": "once-in-a-generation moment. Four of the"}, {"start": "00:00:20", "end": "00:00:23", "text": "top executives, they did the same,"}, {"start": "00:00:22", "end": "00:00:25", "text": "canceling their own sell orders. Even"}, {"start": "00:00:23", "end": "00:00:27", "text": "Congress is noticing. Six different"}, {"start": "00:00:25", "end": "00:00:28", "text": "politicians, including Ro Khanna, who's"}, {"start": "00:00:27", "end": "00:00:30", "text": "very much connected to the tech scene,"}, {"start": "00:00:28", "end": "00:00:32", "text": "have been quietly loading up on"}, {"start": "00:00:30", "end": "00:00:34", "text": "ServiceNow shares. When you combine"}, {"start": "00:00:32", "end": "00:00:36", "text": "massive insider buying with political"}, {"start": "00:00:34", "end": "00:00:38", "text": "money and and a glowing endorsement from"}, {"start": "00:00:36", "end": "00:00:40", "text": "Nvidia's Jensen Huang, king of the"}, {"start": "00:00:38", "end": "00:00:42", "text": "universe currently, something massive"}, {"start": "00:00:40", "end": "00:00:45", "text": "could be brewing. So, are you following"}, {"start": "00:00:42", "end": "00:00:48", "text": "the insider money into ServiceNow or"}, {"start": "00:00:45", "end": "00:00:48", "text": "not? Let me know."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "eight consecutive red monthly candles."}, {"start": "00:00:02", "end": "00:00:05", "text": "Not seven, eight. For the first time in"}, {"start": "00:00:04", "end": "00:00:07", "text": "Salana's entire history that has ever"}, {"start": "00:00:05", "end": "00:00:09", "text": "happened. Not during the FTX collapse,"}, {"start": "00:00:07", "end": "00:00:12", "text": "not during the 2022 crypto winter."}, {"start": "00:00:09", "end": "00:00:13", "text": "Never. Salana just hit 60 bucks last"}, {"start": "00:00:12", "end": "00:00:14", "text": "week. Who knows what the hell it is by"}, {"start": "00:00:13", "end": "00:00:16", "text": "the time you're watching this video."}, {"start": "00:00:14", "end": "00:00:18", "text": "Down 80% from its all-time high. And the"}, {"start": "00:00:16", "end": "00:00:20", "text": "monthly RSI, the momentum indicator that"}, {"start": "00:00:18", "end": "00:00:21", "text": "measures how oversold an asset is, just"}, {"start": "00:00:20", "end": "00:00:24", "text": "printed the most extreme reading in the"}, {"start": "00:00:21", "end": "00:00:26", "text": "history of the asset. More oversold than"}, {"start": "00:00:24", "end": "00:00:27", "text": "when FTX imploded and Salana crashed to"}, {"start": "00:00:26", "end": "00:00:29", "text": "$8. And everyone on Earth was calling it"}, {"start": "00:00:27", "end": "00:00:32", "text": "absolutely dead, done, and dusted. And"}, {"start": "00:00:29", "end": "00:00:35", "text": "yet, and yet 1.7 million users returned"}, {"start": "00:00:32", "end": "00:00:38", "text": "to Salana yesterday. Not new users"}, {"start": "00:00:35", "end": "00:00:40", "text": "trying it out, returning users. The"}, {"start": "00:00:38", "end": "00:00:42", "text": "network effect is very sticky. Every"}, {"start": "00:00:40", "end": "00:00:45", "text": "single day, $2.59 billion in real world"}, {"start": "00:00:42", "end": "00:00:48", "text": "assets are now live on Salana, up 15"}, {"start": "00:00:45", "end": "00:00:49", "text": "times year-over-year. Spot Salana ETFs"}, {"start": "00:00:48", "end": "00:00:51", "text": "just crossed a billion dollars in assets"}, {"start": "00:00:49", "end": "00:00:53", "text": "under management with record inflows in"}, {"start": "00:00:51", "end": "00:00:55", "text": "May. Surprisingly, Fire Dancer is"}, {"start": "00:00:53", "end": "00:00:57", "text": "running in production on mainet right"}, {"start": "00:00:55", "end": "00:00:59", "text": "now. This is either the most obvious"}, {"start": "00:00:57", "end": "00:01:02", "text": "value destruction in crypto or the most"}, {"start": "00:00:59", "end": "00:01:04", "text": "obvious contrarian setup of 2026. I know"}, {"start": "00:01:02", "end": "00:01:05", "text": "which one I think it is. Let me show you"}, {"start": "00:01:04", "end": "00:01:07", "text": "why. Let's start off with what the"}, {"start": "00:01:05", "end": "00:01:08", "text": "charts are actually saying. Because the"}, {"start": "00:01:07", "end": "00:01:10", "text": "technical picture alone is worth"}, {"start": "00:01:08", "end": "00:01:11", "text": "understanding before we touch a single"}, {"start": "00:01:10", "end": "00:01:13", "text": "fundamental. First, you need to"}, {"start": "00:01:11", "end": "00:01:14", "text": "understand that eight consecutive red"}, {"start": "00:01:13", "end": "00:01:16", "text": "monthly candles is not a normal"}, {"start": "00:01:14", "end": "00:01:18", "text": "situation. It's never happened before in"}, {"start": "00:01:16", "end": "00:01:20", "text": "Salana. It's rare in any asset. The"}, {"start": "00:01:18", "end": "00:01:21", "text": "closest comparable situation was the FTX"}, {"start": "00:01:20", "end": "00:01:23", "text": "collapse in late 22 when the exchange"}, {"start": "00:01:21", "end": "00:01:25", "text": "that held a massive Salana treasury"}, {"start": "00:01:23", "end": "00:01:27", "text": "bloated overnight when founders were"}, {"start": "00:01:25", "end": "00:01:28", "text": "arrested when contagion spread across"}, {"start": "00:01:27", "end": "00:01:30", "text": "the entire industry when Salana was"}, {"start": "00:01:28", "end": "00:01:32", "text": "genuinely existentially threatened. This"}, {"start": "00:01:30", "end": "00:01:33", "text": "was a more justified crash than the"}, {"start": "00:01:32", "end": "00:01:35", "text": "current one they're experiencing right"}, {"start": "00:01:33", "end": "00:01:36", "text": "now. And yet the RSI during this crash"}, {"start": "00:01:35", "end": "00:01:38", "text": "is more oversold than it was back then."}, {"start": "00:01:36", "end": "00:01:40", "text": "The monthly RSI reading right now is the"}, {"start": "00:01:38", "end": "00:01:42", "text": "single most extreme oversold this asset"}, {"start": "00:01:40", "end": "00:01:43", "text": "has ever produced. The daily, too. That"}, {"start": "00:01:42", "end": "00:01:44", "text": "doesn't mean the bottom is in tomorrow."}, {"start": "00:01:43", "end": "00:01:46", "text": "It doesn't mean you should mortgage your"}, {"start": "00:01:44", "end": "00:01:47", "text": "house. What it means is that from a pure"}, {"start": "00:01:46", "end": "00:01:49", "text": "technical standpoint, the selling"}, {"start": "00:01:47", "end": "00:01:51", "text": "pressure has reached a historical"}, {"start": "00:01:49", "end": "00:01:53", "text": "extreme. That kind of reading, okay,"}, {"start": "00:01:51", "end": "00:01:54", "text": "every single time it has appeared on any"}, {"start": "00:01:53", "end": "00:01:55", "text": "major asset in any major time frame,"}, {"start": "00:01:54", "end": "00:01:58", "text": "unless it's literally going to go to"}, {"start": "00:01:55", "end": "00:02:00", "text": "zero, has preceded significant mean"}, {"start": "00:01:58", "end": "00:02:02", "text": "reversion, down 80% from all-time highs,"}, {"start": "00:02:00", "end": "00:02:04", "text": "most oversold RSI in history. Eight"}, {"start": "00:02:02", "end": "00:02:06", "text": "consecutive red monthly candles. The"}, {"start": "00:02:04", "end": "00:02:08", "text": "market is pricing Salana like it's dead,"}, {"start": "00:02:06", "end": "00:02:10", "text": "dying, and going to zero. The data"}, {"start": "00:02:08", "end": "00:02:11", "text": "underneath those is something very"}, {"start": "00:02:10", "end": "00:02:12", "text": "different. By the way, it's time to"}, {"start": "00:02:11", "end": "00:02:13", "text": "subscribe to the channel if you're not"}, {"start": "00:02:12", "end": "00:02:14", "text": "subscribed to SC. Most of you guys are"}, {"start": "00:02:13", "end": "00:02:16", "text": "not subscribed to the channel watching"}, {"start": "00:02:14", "end": "00:02:17", "text": "these videos. It's free. It's awesome."}, {"start": "00:02:16", "end": "00:02:19", "text": "Subscribe to the channel. Thank you very"}, {"start": "00:02:17", "end": "00:02:20", "text": "much. Now, here is what makes this setup"}, {"start": "00:02:19", "end": "00:02:22", "text": "genuinely interesting and genuinely"}, {"start": "00:02:20", "end": "00:02:24", "text": "different from previous Salana bottoms."}, {"start": "00:02:22", "end": "00:02:25", "text": "The onchain activity during the price"}, {"start": "00:02:24", "end": "00:02:27", "text": "collapse is unlike anything we've seen"}, {"start": "00:02:25", "end": "00:02:28", "text": "before in this ecosystem. The usage"}, {"start": "00:02:27", "end": "00:02:31", "text": "numbers during the worst price action in"}, {"start": "00:02:28", "end": "00:02:32", "text": "Salana's history are telling a story"}, {"start": "00:02:31", "end": "00:02:34", "text": "that the price chart is simply ignoring."}, {"start": "00:02:32", "end": "00:02:36", "text": "That's next. Well, the price has been"}, {"start": "00:02:34", "end": "00:02:38", "text": "making new lows. The network making new"}, {"start": "00:02:36", "end": "00:02:40", "text": "highs, which is unbelievable. The"}, {"start": "00:02:38", "end": "00:02:42", "text": "disconnect is the entire thesis here."}, {"start": "00:02:40", "end": "00:02:44", "text": "You see over 600,000 wallets are sending"}, {"start": "00:02:42", "end": "00:02:47", "text": "at least 10 transactions per day on"}, {"start": "00:02:44", "end": "00:02:49", "text": "Salana every single day. Not tourists,"}, {"start": "00:02:47", "end": "00:02:51", "text": "not bots inflating the metrics, active"}, {"start": "00:02:49", "end": "00:02:53", "text": "users doing real things on the network"}, {"start": "00:02:51", "end": "00:02:55", "text": "with genuine frequency and about 1.7"}, {"start": "00:02:53", "end": "00:02:57", "text": "million users returning to use Salana"}, {"start": "00:02:55", "end": "00:02:59", "text": "every single day. And according to"}, {"start": "00:02:57", "end": "00:03:01", "text": "Artemis data, returning user counts"}, {"start": "00:02:59", "end": "00:03:04", "text": "recently hit their highest level since"}, {"start": "00:03:01", "end": "00:03:06", "text": "February. People aren't just trying out"}, {"start": "00:03:04", "end": "00:03:07", "text": "Salana, they're coming back. They tried"}, {"start": "00:03:06", "end": "00:03:10", "text": "memecoins maybe, but now they're back to"}, {"start": "00:03:07", "end": "00:03:12", "text": "do other stuff. Applications built on"}, {"start": "00:03:10", "end": "00:03:13", "text": "Salana generated roughly $91 million in"}, {"start": "00:03:12", "end": "00:03:15", "text": "revenue in May alone. Not trading"}, {"start": "00:03:13", "end": "00:03:17", "text": "volume, not total value locked. Actual"}, {"start": "00:03:15", "end": "00:03:18", "text": "revenue, actual products generating"}, {"start": "00:03:17", "end": "00:03:21", "text": "actual income from actual users paying"}, {"start": "00:03:18", "end": "00:03:23", "text": "for actual services. Crazy concept in"}, {"start": "00:03:21", "end": "00:03:25", "text": "crypto, I know. Stable coins on Salana"}, {"start": "00:03:23", "end": "00:03:27", "text": "climbed to 16.4 billion. That's money"}, {"start": "00:03:25", "end": "00:03:28", "text": "moving. That's real economic activity."}, {"start": "00:03:27", "end": "00:03:29", "text": "People using the network as a financial"}, {"start": "00:03:28", "end": "00:03:31", "text": "infrastructure, not just for"}, {"start": "00:03:29", "end": "00:03:33", "text": "speculation. And here's the number that"}, {"start": "00:03:31", "end": "00:03:36", "text": "should make every serious investor stop"}, {"start": "00:03:33", "end": "00:03:38", "text": "scrolling. Agentic asset senders on"}, {"start": "00:03:36", "end": "00:03:41", "text": "Salana. Autonomous AI agents interacting"}, {"start": "00:03:38", "end": "00:03:43", "text": "with the chain hit 69,300 in a single"}, {"start": "00:03:41", "end": "00:03:45", "text": "day recently. In April, that number was"}, {"start": "00:03:43", "end": "00:03:47", "text": "3,100. That's a 22x increase in a matter"}, {"start": "00:03:45", "end": "00:03:48", "text": "of months. Tens of thousands of"}, {"start": "00:03:47", "end": "00:03:50", "text": "autonomous agents are choosing Salana as"}, {"start": "00:03:48", "end": "00:03:51", "text": "their operating environment right now"}, {"start": "00:03:50", "end": "00:03:52", "text": "during the worst price performance in"}, {"start": "00:03:51", "end": "00:03:53", "text": "the assets history. And of course they"}, {"start": "00:03:52", "end": "00:03:55", "text": "do because it's dirt cheap to do things"}, {"start": "00:03:53", "end": "00:03:57", "text": "on Salana. The price says everyone is"}, {"start": "00:03:55", "end": "00:03:58", "text": "leaving and pack up the bags, turn the"}, {"start": "00:03:57", "end": "00:04:00", "text": "lights off, we're done. The data says"}, {"start": "00:03:58", "end": "00:04:01", "text": "everyone is staying and building. Before"}, {"start": "00:04:00", "end": "00:04:03", "text": "we continue though, if you want to stay"}, {"start": "00:04:01", "end": "00:04:04", "text": "ahead of the moves instead of reacting"}, {"start": "00:04:03", "end": "00:04:06", "text": "to them, let me tell you about the inner"}, {"start": "00:04:04", "end": "00:04:07", "text": "circle. This is where the real research"}, {"start": "00:04:06", "end": "00:04:11", "text": "lives. We published an alpha report on"}, {"start": "00:04:07", "end": "00:04:12", "text": "Micron Tech before its 350% rally. We"}, {"start": "00:04:11", "end": "00:04:14", "text": "put out an altcoin report on Canon"}, {"start": "00:04:12", "end": "00:04:16", "text": "before its 100% move. Our technical"}, {"start": "00:04:14", "end": "00:04:17", "text": "analysis reports been catching major"}, {"start": "00:04:16", "end": "00:04:20", "text": "moves in real time, including the recent"}, {"start": "00:04:17", "end": "00:04:22", "text": "shorts and crashes for Bitcoin and"}, {"start": "00:04:20", "end": "00:04:24", "text": "Zcash. Members who were positioned in"}, {"start": "00:04:22", "end": "00:04:26", "text": "those shorts printed serious money. This"}, {"start": "00:04:24", "end": "00:04:28", "text": "is not a hype community. This research"}, {"start": "00:04:26", "end": "00:04:29", "text": "first, calls second, results third. On"}, {"start": "00:04:28", "end": "00:04:30", "text": "top of that, every member gets an $80"}, {"start": "00:04:29", "end": "00:04:32", "text": "monthly rebate straight from the guys"}, {"start": "00:04:30", "end": "00:04:35", "text": "over at Bit Unix. And you get a 7-day"}, {"start": "00:04:32", "end": "00:04:36", "text": "free trial. So zero risks. Check it out."}, {"start": "00:04:35", "end": "00:04:38", "text": "Come in, see if it's for you or not."}, {"start": "00:04:36", "end": "00:04:39", "text": "Link right down below. Come in and see"}, {"start": "00:04:38", "end": "00:04:41", "text": "what you've been missing. We'd love to"}, {"start": "00:04:39", "end": "00:04:42", "text": "see you there. Now, let's talk about"}, {"start": "00:04:41", "end": "00:04:44", "text": "what's actually being built because the"}, {"start": "00:04:42", "end": "00:04:46", "text": "infrastructure story here is as strong"}, {"start": "00:04:44", "end": "00:04:47", "text": "as it's ever been. Fired Dancer is now"}, {"start": "00:04:46", "end": "00:04:48", "text": "running in production on Salana mainet."}, {"start": "00:04:47", "end": "00:04:50", "text": "This matters more than most people"}, {"start": "00:04:48", "end": "00:04:52", "text": "realize. Fired Dancer is a completely"}, {"start": "00:04:50", "end": "00:04:54", "text": "independent validator client built by"}, {"start": "00:04:52", "end": "00:04:56", "text": "Jump Crypto. The first time Salana has"}, {"start": "00:04:54", "end": "00:04:58", "text": "had genuine client diversity. Single"}, {"start": "00:04:56", "end": "00:05:00", "text": "client chains are fragile. The FTX crash"}, {"start": "00:04:58", "end": "00:05:02", "text": "proved that the hard way. But fire"}, {"start": "00:05:00", "end": "00:05:04", "text": "dancer doesn't just improve performance,"}, {"start": "00:05:02", "end": "00:05:06", "text": "it dramatically improves resilience."}, {"start": "00:05:04", "end": "00:05:08", "text": "Multiple independent clients means no"}, {"start": "00:05:06", "end": "00:05:09", "text": "single point of failure. That's"}, {"start": "00:05:08", "end": "00:05:11", "text": "institutional grade infrastructure for"}, {"start": "00:05:09", "end": "00:05:13", "text": "you. Alpenlow, by the way, is"}, {"start": "00:05:11", "end": "00:05:15", "text": "progressing through testing. It"}, {"start": "00:05:13", "end": "00:05:16", "text": "significantly improves Salana's speed"}, {"start": "00:05:15", "end": "00:05:17", "text": "and finality. I know Salana is going to"}, {"start": "00:05:16", "end": "00:05:20", "text": "even faster. It's already one of the"}, {"start": "00:05:17", "end": "00:05:22", "text": "fastest damn chains. The chain is insane"}, {"start": "00:05:20", "end": "00:05:25", "text": "already. Alpenlow makes it insaner"}, {"start": "00:05:22", "end": "00:05:26", "text": "still. Institutions keep arriving. Okay."}, {"start": "00:05:25", "end": "00:05:29", "text": "Major financial players are expanding"}, {"start": "00:05:26", "end": "00:05:31", "text": "Salana exposure right now during the"}, {"start": "00:05:29", "end": "00:05:34", "text": "price collapse. Real world assets$ 2.59"}, {"start": "00:05:31", "end": "00:05:35", "text": "billion dollars up 15x year-over-year."}, {"start": "00:05:34", "end": "00:05:36", "text": "The institutions building the next"}, {"start": "00:05:35", "end": "00:05:38", "text": "financial layer are not waiting for"}, {"start": "00:05:36", "end": "00:05:40", "text": "price to recover before they start"}, {"start": "00:05:38", "end": "00:05:43", "text": "building. The price being down does not"}, {"start": "00:05:40", "end": "00:05:46", "text": "affect the chains block production"}, {"start": "00:05:43", "end": "00:05:49", "text": "capacity. Spot Salana ETFs crossed a"}, {"start": "00:05:46", "end": "00:05:51", "text": "billion bucks. That's good. $115 million"}, {"start": "00:05:49", "end": "00:05:53", "text": "in net inflows in May. It's a record."}, {"start": "00:05:51", "end": "00:05:55", "text": "That is institutional demand flowing in"}, {"start": "00:05:53", "end": "00:05:57", "text": "through regulated products while retails"}, {"start": "00:05:55", "end": "00:05:59", "text": "capitulating. Salana is the number one"}, {"start": "00:05:57", "end": "00:06:01", "text": "spot venue for new token listings. It"}, {"start": "00:05:59", "end": "00:06:02", "text": "leads memecoin activity, which despite"}, {"start": "00:06:01", "end": "00:06:04", "text": "everything that happened this cycle with"}, {"start": "00:06:02", "end": "00:06:06", "text": "memecoin culture, still drives enormous"}, {"start": "00:06:04", "end": "00:06:09", "text": "attention and user acquisition. It has a"}, {"start": "00:06:06", "end": "00:06:12", "text": "97% share of spot equities trading in"}, {"start": "00:06:09", "end": "00:06:14", "text": "crypto, which is crazy. Now, to be fair,"}, {"start": "00:06:12", "end": "00:06:16", "text": "Hyperlid's seriously eating in on that,"}, {"start": "00:06:14", "end": "00:06:18", "text": "but regardless, and AI agents are"}, {"start": "00:06:16", "end": "00:06:20", "text": "choosing it at a 22x growth rate. The"}, {"start": "00:06:18", "end": "00:06:22", "text": "chain doesn't need to win every"}, {"start": "00:06:20", "end": "00:06:23", "text": "vertical. It needs to capture meaningful"}, {"start": "00:06:22", "end": "00:06:25", "text": "share across enough of them. And right"}, {"start": "00:06:23", "end": "00:06:27", "text": "now, it's doing exactly that quietly"}, {"start": "00:06:25", "end": "00:06:28", "text": "during the worst price action history."}, {"start": "00:06:27", "end": "00:06:30", "text": "keep saying it because it's so damn"}, {"start": "00:06:28", "end": "00:06:31", "text": "important. It's crazy all this is"}, {"start": "00:06:30", "end": "00:06:33", "text": "happening while the price is basically"}, {"start": "00:06:31", "end": "00:06:34", "text": "super wrecked. But here's what could"}, {"start": "00:06:33", "end": "00:06:36", "text": "actually change the game completely and"}, {"start": "00:06:34", "end": "00:06:38", "text": "what separates this Salana setup from"}, {"start": "00:06:36", "end": "00:06:39", "text": "every previous bottom. There are two"}, {"start": "00:06:38", "end": "00:06:41", "text": "tokconomics proposals currently moving"}, {"start": "00:06:39", "end": "00:06:43", "text": "through governance that if they pass"}, {"start": "00:06:41", "end": "00:06:45", "text": "fundamentally restructure Salana's"}, {"start": "00:06:43", "end": "00:06:46", "text": "supply dynamics and has major"}, {"start": "00:06:45", "end": "00:06:47", "text": "implications for the price. I'll break"}, {"start": "00:06:46", "end": "00:06:49", "text": "down exactly what they mean for the"}, {"start": "00:06:47", "end": "00:06:52", "text": "asset in just a moment because this is"}, {"start": "00:06:49", "end": "00:06:54", "text": "where the Salana thesis gets genuinely"}, {"start": "00:06:52", "end": "00:06:57", "text": "interesting for the first time from a"}, {"start": "00:06:54", "end": "00:06:59", "text": "token perspective. SIMD550"}, {"start": "00:06:57", "end": "00:07:01", "text": "proposes roughly doubling the"}, {"start": "00:06:59", "end": "00:07:03", "text": "disinflation rate which would cut over a"}, {"start": "00:07:01", "end": "00:07:05", "text": "billion dollars in annual emissions from"}, {"start": "00:07:03", "end": "00:07:08", "text": "Salana. Right now Salana inflates at"}, {"start": "00:07:05", "end": "00:07:09", "text": "around 4% a year with no burn mechanism."}, {"start": "00:07:08", "end": "00:07:11", "text": "So very minimal burn mechanism. The"}, {"start": "00:07:09", "end": "00:07:13", "text": "market has been pricing in that"}, {"start": "00:07:11", "end": "00:07:15", "text": "inflation as a structural headwind."}, {"start": "00:07:13", "end": "00:07:18", "text": "SIMD550"}, {"start": "00:07:15", "end": "00:07:21", "text": "addresses it directly. SIMD553,"}, {"start": "00:07:18", "end": "00:07:24", "text": "the second one, proposes a base case"}, {"start": "00:07:21", "end": "00:07:26", "text": "burn of approximately 2,850 salana per"}, {"start": "00:07:24", "end": "00:07:28", "text": "day, roughly $200,000 in current prices,"}, {"start": "00:07:26", "end": "00:07:31", "text": "$73 million per year at a minimum. At a"}, {"start": "00:07:28", "end": "00:07:32", "text": "higher onchain activity level, the burn"}, {"start": "00:07:31", "end": "00:07:35", "text": "would actually scale significantly above"}, {"start": "00:07:32", "end": "00:07:37", "text": "that to the levels that if both pass,"}, {"start": "00:07:35", "end": "00:07:39", "text": "this introduces actual deflationary"}, {"start": "00:07:37", "end": "00:07:40", "text": "pressure to the supply equation for the"}, {"start": "00:07:39", "end": "00:07:42", "text": "first time in Salana's history, which"}, {"start": "00:07:40", "end": "00:07:45", "text": "takes away one of the biggest criticisms"}, {"start": "00:07:42", "end": "00:07:46", "text": "of Salana. Combined, these two proposals"}, {"start": "00:07:45", "end": "00:07:48", "text": "represent the most significant"}, {"start": "00:07:46", "end": "00:07:49", "text": "tokconomics restructuring Salana has"}, {"start": "00:07:48", "end": "00:07:51", "text": "ever attempted. Less emissions, active"}, {"start": "00:07:49", "end": "00:07:53", "text": "burn, a supply dynamic that starts to"}, {"start": "00:07:51", "end": "00:07:55", "text": "reward holders rather than just dilute"}, {"start": "00:07:53", "end": "00:07:57", "text": "them. The market is clearly looking for"}, {"start": "00:07:55", "end": "00:07:59", "text": "better tokconomics. We've seen that with"}, {"start": "00:07:57", "end": "00:08:01", "text": "Hyperlid and others. We've seen it"}, {"start": "00:07:59", "end": "00:08:03", "text": "reward those assets that get it right."}, {"start": "00:08:01", "end": "00:08:05", "text": "The question is whether the governance"}, {"start": "00:08:03", "end": "00:08:07", "text": "proposals actually pass. These SIMDs are"}, {"start": "00:08:05", "end": "00:08:09", "text": "critical to Salana's future and need to"}, {"start": "00:08:07", "end": "00:08:10", "text": "pass in my opinion. That's a real risk"}, {"start": "00:08:09", "end": "00:08:12", "text": "worth acknowledging because they might"}, {"start": "00:08:10", "end": "00:08:14", "text": "not pass. Nothing's guaranteed. But the"}, {"start": "00:08:12", "end": "00:08:15", "text": "direction of travel is clear. The Salana"}, {"start": "00:08:14", "end": "00:08:16", "text": "ecosystem is not complacent about it"}, {"start": "00:08:15", "end": "00:08:20", "text": "token structure and the proposals are"}, {"start": "00:08:16", "end": "00:08:21", "text": "gaining momentum. SIMD547"}, {"start": "00:08:20", "end": "00:08:23", "text": "the third one adds another layer"}, {"start": "00:08:21", "end": "00:08:26", "text": "activity based burns via resource"}, {"start": "00:08:23", "end": "00:08:27", "text": "pricing meaning that high demand periods"}, {"start": "00:08:26", "end": "00:08:30", "text": "generate automatic supply reduction"}, {"start": "00:08:27", "end": "00:08:32", "text": "usage drives deflation. The more salana"}, {"start": "00:08:30", "end": "00:08:34", "text": "gets used"}, {"start": "00:08:32", "end": "00:08:35", "text": "the more supply gets removed from"}, {"start": "00:08:34", "end": "00:08:37", "text": "circulation."}, {"start": "00:08:35", "end": "00:08:40", "text": "This is a major overhaul in tokconomics"}, {"start": "00:08:37", "end": "00:08:42", "text": "and if all these SIMDs get passed huge"}, {"start": "00:08:40", "end": "00:08:45", "text": "implications. It's an elegant mechanism."}, {"start": "00:08:42", "end": "00:08:48", "text": "Okay. And all this aligns with the token"}, {"start": "00:08:45", "end": "00:08:51", "text": "directly. It means that network growth"}, {"start": "00:08:48", "end": "00:08:52", "text": "benefits token holders. Now, let me be"}, {"start": "00:08:51", "end": "00:08:54", "text": "straight. What could go wrong? Because"}, {"start": "00:08:52", "end": "00:08:56", "text": "any thesis that doesn't include the bare"}, {"start": "00:08:54", "end": "00:08:58", "text": "case isn't worth trusting. The SIMD"}, {"start": "00:08:56", "end": "00:09:00", "text": "proposals haven't passed yet. Governance"}, {"start": "00:08:58", "end": "00:09:02", "text": "is a real risk. If the tokconomics"}, {"start": "00:09:00", "end": "00:09:04", "text": "improvements stall, one of the biggest"}, {"start": "00:09:02", "end": "00:09:07", "text": "bull catalysts disappear. More downside"}, {"start": "00:09:04", "end": "00:09:09", "text": "then becomes or slower upside becomes a"}, {"start": "00:09:07", "end": "00:09:11", "text": "real possible threat. Now, crypto is"}, {"start": "00:09:09", "end": "00:09:13", "text": "still in a bare market. price may go"}, {"start": "00:09:11", "end": "00:09:15", "text": "down despite any positive that"}, {"start": "00:09:13", "end": "00:09:17", "text": "happens. Okay, crypto broadly may just"}, {"start": "00:09:15", "end": "00:09:18", "text": "fall more over the summer because that's"}, {"start": "00:09:17", "end": "00:09:20", "text": "what it's going to do. Buying now"}, {"start": "00:09:18", "end": "00:09:22", "text": "doesn't mean buying the bottom"}, {"start": "00:09:20", "end": "00:09:24", "text": "necessarily. Dollar cost averaging into"}, {"start": "00:09:22", "end": "00:09:26", "text": "strength might make more sense than a"}, {"start": "00:09:24", "end": "00:09:28", "text": "single entry at current levels. Salana"}, {"start": "00:09:26", "end": "00:09:30", "text": "doesn't dominate, of course, perpetual"}, {"start": "00:09:28", "end": "00:09:31", "text": "futures and per are increasingly the"}, {"start": "00:09:30", "end": "00:09:33", "text": "battleground that matters most for"}, {"start": "00:09:31", "end": "00:09:36", "text": "capturing serious trading volume."}, {"start": "00:09:33", "end": "00:09:39", "text": "Hyperlid is the big one. Hyperl has"}, {"start": "00:09:36", "end": "00:09:42", "text": "built an extraordinary base. If Salana"}, {"start": "00:09:39", "end": "00:09:44", "text": "can capture even 10, 20, 30% of"}, {"start": "00:09:42", "end": "00:09:46", "text": "Hyperlid's open interest, it would be a"}, {"start": "00:09:44", "end": "00:09:48", "text": "significant win. But that's not"}, {"start": "00:09:46", "end": "00:09:51", "text": "guaranteed either. And there's no real"}, {"start": "00:09:48", "end": "00:09:52", "text": "dominant per decks right now on Salana"}, {"start": "00:09:51", "end": "00:09:53", "text": "that you can say, well, that's the one"}, {"start": "00:09:52", "end": "00:09:56", "text": "that's going to compete with Hyperlid."}, {"start": "00:09:53", "end": "00:10:00", "text": "Memecoin culture, the damage is real,"}, {"start": "00:09:56", "end": "00:10:02", "text": "man. 2024 2025 memecoin cycle associated"}, {"start": "00:10:00", "end": "00:10:04", "text": "really just with Salana and became part"}, {"start": "00:10:02", "end": "00:10:05", "text": "of the worst parts of crypto in the"}, {"start": "00:10:04", "end": "00:10:07", "text": "minds of a lot of investors. It's where"}, {"start": "00:10:05", "end": "00:10:09", "text": "Trump launched Trump and Melania. That's"}, {"start": "00:10:07", "end": "00:10:11", "text": "where the Libre token and untold amounts"}, {"start": "00:10:09", "end": "00:10:13", "text": "of scamming from celebrity memecoins"}, {"start": "00:10:11", "end": "00:10:15", "text": "happened. Rebuilding that reputation"}, {"start": "00:10:13", "end": "00:10:17", "text": "takes time results, not just narrative."}, {"start": "00:10:15", "end": "00:10:19", "text": "The thesis requires multiple things"}, {"start": "00:10:17", "end": "00:10:21", "text": "going right simultaneously. SMD passes,"}, {"start": "00:10:19", "end": "00:10:25", "text": "continued real world asset growth, DeFi"}, {"start": "00:10:21", "end": "00:10:27", "text": "recovery, AI agent adoption, a real"}, {"start": "00:10:25", "end": "00:10:29", "text": "hyperlquid competitor emerging. That's"}, {"start": "00:10:27", "end": "00:10:30", "text": "not an unreasonable set of outcomes, but"}, {"start": "00:10:29", "end": "00:10:33", "text": "it's not a certainty either. And here's"}, {"start": "00:10:30", "end": "00:10:35", "text": "the bottom line. The price says things"}, {"start": "00:10:33", "end": "00:10:36", "text": "are in trouble. Everything underneath"}, {"start": "00:10:35", "end": "00:10:38", "text": "says it's getting stronger. Nobody knows"}, {"start": "00:10:36", "end": "00:10:40", "text": "where the bottom is, but in two or three"}, {"start": "00:10:38", "end": "00:10:42", "text": "years when people look back at the"}, {"start": "00:10:40", "end": "00:10:43", "text": "current prices, it's probably going to"}, {"start": "00:10:42", "end": "00:10:45", "text": "look like one of the most obvious"}, {"start": "00:10:43", "end": "00:10:47", "text": "accumulation windows that the assets"}, {"start": "00:10:45", "end": "00:10:49", "text": "ever produced. The most contrarian buy"}, {"start": "00:10:47", "end": "00:10:51", "text": "is always the one that feels the most"}, {"start": "00:10:49", "end": "00:10:53", "text": "uncomfortable to make. For what it's"}, {"start": "00:10:51", "end": "00:10:55", "text": "worth, I bought more Salana this week."}, {"start": "00:10:53", "end": "00:10:56", "text": "Right now, Salana feels uncomfortable,"}, {"start": "00:10:55", "end": "00:10:59", "text": "and it's supposed to feel uncomfortable"}, {"start": "00:10:56", "end": "00:11:03", "text": "when you buy contrarian assets. That's"}, {"start": "00:10:59", "end": "00:11:03", "text": "the point. Thanks for watching."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "The middle class is officially dead."}, {"start": "00:00:01", "end": "00:00:04", "text": "We're living through a brutal K-shaped"}, {"start": "00:00:03", "end": "00:00:06", "text": "economy where the wealth divide has"}, {"start": "00:00:04", "end": "00:00:07", "text": "widened into absolute extremes. The top"}, {"start": "00:00:06", "end": "00:00:09", "text": "20% of earners are spending at"}, {"start": "00:00:07", "end": "00:00:11", "text": "multi-decade highs. Luxury airlines are"}, {"start": "00:00:09", "end": "00:00:13", "text": "booking out, high-end real estate is"}, {"start": "00:00:11", "end": "00:00:15", "text": "booming. Meanwhile, the bottom 80% have"}, {"start": "00:00:13", "end": "00:00:16", "text": "hit new financial lows, struggling so"}, {"start": "00:00:15", "end": "00:00:18", "text": "hard that fast food chains are forced to"}, {"start": "00:00:16", "end": "00:00:20", "text": "launch emergency value meals just to"}, {"start": "00:00:18", "end": "00:00:21", "text": "keep customers through the door. That's"}, {"start": "00:00:20", "end": "00:00:23", "text": "crazy. It's definitely a tale of two"}, {"start": "00:00:21", "end": "00:00:25", "text": "entirely different worlds living the"}, {"start": "00:00:23", "end": "00:00:26", "text": "exact same [music] countries. The rich"}, {"start": "00:00:25", "end": "00:00:27", "text": "are soaring while everyone else is just"}, {"start": "00:00:26", "end": "00:00:29", "text": "trying to survive. And it's always kind"}, {"start": "00:00:27", "end": "00:00:30", "text": "of been like this, but perhaps it's"}, {"start": "00:00:29", "end": "00:00:32", "text": "getting worse. How is this economic"}, {"start": "00:00:30", "end": "00:00:34", "text": "divide affecting your daily life? Are"}, {"start": "00:00:32", "end": "00:00:36", "text": "you one of the 20% who's making it? Or"}, {"start": "00:00:34", "end": "00:00:38", "text": "are you one of the 80% who's struggling"}, {"start": "00:00:36", "end": "00:00:40", "text": "and trying to get into the top 20%? Let"}, {"start": "00:00:38", "end": "00:00:40", "text": "me know down below."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Forget 2022, the next crypto crash, the"}, {"start": "00:00:02", "end": "00:00:06", "text": "current crypto crash, is going to be an"}, {"start": "00:00:04", "end": "00:00:08", "text": "institutional execution of the market."}, {"start": "00:00:06", "end": "00:00:10", "text": "Analysts and Reddit consensus are"}, {"start": "00:00:08", "end": "00:00:12", "text": "pointing to a terrifying reality. We are"}, {"start": "00:00:10", "end": "00:00:14", "text": "entering the first ever corporate ETF"}, {"start": "00:00:12", "end": "00:00:16", "text": "driven bear market. In past crashes, it"}, {"start": "00:00:14", "end": "00:00:17", "text": "was just retail panic. This time,"}, {"start": "00:00:16", "end": "00:00:20", "text": "massive institutional leverage is on the"}, {"start": "00:00:17", "end": "00:00:21", "text": "line. Bitcoin ETFs still hold over 50"}, {"start": "00:00:20", "end": "00:00:23", "text": "billion dollars worth of Bitcoin. If the"}, {"start": "00:00:21", "end": "00:00:25", "text": "market turns, the forced liquidation of"}, {"start": "00:00:23", "end": "00:00:27", "text": "ETFs and corporate treasuries who can't"}, {"start": "00:00:25", "end": "00:00:29", "text": "pay back the money that they borrowed"}, {"start": "00:00:27", "end": "00:00:31", "text": "will trigger an unstoppable domino"}, {"start": "00:00:29", "end": "00:00:33", "text": "effect. This is the bear case. This is"}, {"start": "00:00:31", "end": "00:00:34", "text": "what people fear. Experts warn a massive"}, {"start": "00:00:33", "end": "00:00:36", "text": "leverage unwind could literally send"}, {"start": "00:00:34", "end": "00:00:38", "text": "weaker altcoins to basically zero."}, {"start": "00:00:36", "end": "00:00:41", "text": "Happens all the time, anyway. And drag"}, {"start": "00:00:38", "end": "00:00:42", "text": "Bitcoin far lower than the 2022 lows."}, {"start": "00:00:41", "end": "00:00:44", "text": "Now, that's some crazy bear porn right"}, {"start": "00:00:42", "end": "00:00:46", "text": "there, man. People are like losing their"}, {"start": "00:00:44", "end": "00:00:48", "text": "[�__�] minds out here. The big players"}, {"start": "00:00:46", "end": "00:00:50", "text": "brought the billions in, and they're"}, {"start": "00:00:48", "end": "00:00:51", "text": "taking them out just as fast currently."}, {"start": "00:00:50", "end": "00:00:55", "text": "So, are your crypto bags safe, or are"}, {"start": "00:00:51", "end": "00:00:55", "text": "you overexposed?"}]

[{"start": "00:00:00", "end": "00:00:04", "text": "See how Bitcoin price action right now"}, {"start": "00:00:02", "end": "00:00:06", "text": "we kind of capitulated and we're just"}, {"start": "00:00:04", "end": "00:00:08", "text": "drawing into certain areas whether it's"}, {"start": "00:00:06", "end": "00:00:10", "text": "this trend line that goes all the way"}, {"start": "00:00:08", "end": "00:00:12", "text": "back to all-time high where all these"}, {"start": "00:00:10", "end": "00:00:14", "text": "moving averages converging to where"}, {"start": "00:00:12", "end": "00:00:16", "text": "price is right now. This move that's"}, {"start": "00:00:14", "end": "00:00:18", "text": "happening right now is kind of this"}, {"start": "00:00:16", "end": "00:00:19", "text": "move. It happens in uptrends too. The"}, {"start": "00:00:18", "end": "00:00:21", "text": "inverse of what you're seeing in the"}, {"start": "00:00:19", "end": "00:00:25", "text": "downtrend. But this is something that"}, {"start": "00:00:21", "end": "00:00:27", "text": "just continuously happens in every cycle"}, {"start": "00:00:25", "end": "00:00:30", "text": "in every part of a cycle in every draw"}, {"start": "00:00:27", "end": "00:00:32", "text": "down. we get this pull into this area"}, {"start": "00:00:30", "end": "00:00:35", "text": "and these pull-ins are massively"}, {"start": "00:00:32", "end": "00:00:37", "text": "important because these are where the"}, {"start": "00:00:35", "end": "00:00:39", "text": "test is given for reversals and I think"}, {"start": "00:00:37", "end": "00:00:42", "text": "that's what the crypto market is waiting"}, {"start": "00:00:39", "end": "00:00:43", "text": "for right now. So, in this probably"}, {"start": "00:00:42", "end": "00:00:45", "text": "pretty short video, I just want to do an"}, {"start": "00:00:43", "end": "00:00:48", "text": "analysis on price action because I am"}, {"start": "00:00:45", "end": "00:00:50", "text": "here waiting for a macro reversal. As"}, {"start": "00:00:48", "end": "00:00:52", "text": "many of you know, my macro thesis in"}, {"start": "00:00:50", "end": "00:00:54", "text": "terms of the bottom of the crypto bare"}, {"start": "00:00:52", "end": "00:00:56", "text": "market, exiting the crypto market, PMI"}, {"start": "00:00:54", "end": "00:00:58", "text": "recently turning up in the business"}, {"start": "00:00:56", "end": "00:01:01", "text": "cycle expanding. I think we're getting"}, {"start": "00:00:58", "end": "00:01:02", "text": "ready for a move like that, but we have"}, {"start": "00:01:01", "end": "00:01:05", "text": "to watch these technical indicators. So,"}, {"start": "00:01:02", "end": "00:01:06", "text": "I want to use Bitcoin price action and I"}, {"start": "00:01:05", "end": "00:01:09", "text": "want to use the altcoin price action as"}, {"start": "00:01:06", "end": "00:01:11", "text": "well, the altcoin market cap chart. And"}, {"start": "00:01:09", "end": "00:01:13", "text": "I think the altcoin market cap chart"}, {"start": "00:01:11", "end": "00:01:17", "text": "especially is going to paint a very nice"}, {"start": "00:01:13", "end": "00:01:19", "text": "picture in terms of how to anticipate"}, {"start": "00:01:17", "end": "00:01:21", "text": "a bottoming formation here. So hit the"}, {"start": "00:01:19", "end": "00:01:23", "text": "subscribe and like on the way in. I want"}, {"start": "00:01:21", "end": "00:01:26", "text": "to really dive into this. This is"}, {"start": "00:01:23", "end": "00:01:28", "text": "Bitcoin. So and and this is a cautionary"}, {"start": "00:01:26", "end": "00:01:30", "text": "video by the way because we could go"}, {"start": "00:01:28", "end": "00:01:34", "text": "test previous lows and still be very"}, {"start": "00:01:30", "end": "00:01:36", "text": "close to a reversal on the macro. But"}, {"start": "00:01:34", "end": "00:01:38", "text": "just notice the let's let's let's point"}, {"start": "00:01:36", "end": "00:01:41", "text": "out the the good news here. And what it"}, {"start": "00:01:38", "end": "00:01:44", "text": "is is if we look at this chart, Bitcoin,"}, {"start": "00:01:41", "end": "00:01:46", "text": "if you notice this 20day falling below"}, {"start": "00:01:44", "end": "00:01:50", "text": "that 50, that green below the blue right"}, {"start": "00:01:46", "end": "00:01:52", "text": "there. I mean that move can be bullish"}, {"start": "00:01:50", "end": "00:01:55", "text": "or bearish. And what distinguishes the"}, {"start": "00:01:52", "end": "00:01:58", "text": "difference for me is this. This move"}, {"start": "00:01:55", "end": "00:02:01", "text": "here is a very similar technical move as"}, {"start": "00:01:58", "end": "00:02:02", "text": "back here. There's the 20 below the 50."}, {"start": "00:02:01", "end": "00:02:05", "text": "But you know what's so different? This"}, {"start": "00:02:02", "end": "00:02:08", "text": "was coming off of all-time high. And"}, {"start": "00:02:05", "end": "00:02:10", "text": "this is in an oversold environment."}, {"start": "00:02:08", "end": "00:02:11", "text": "That's the difference. So if you go"}, {"start": "00:02:10", "end": "00:02:13", "text": "actually look at the Bitcoin chart,"}, {"start": "00:02:11", "end": "00:02:16", "text": "right, and you look back all the way"}, {"start": "00:02:13", "end": "00:02:18", "text": "back here, we are putting in bearish"}, {"start": "00:02:16", "end": "00:02:20", "text": "divergence on this weekly RSI at that"}, {"start": "00:02:18", "end": "00:02:22", "text": "moment when we're getting that daily"}, {"start": "00:02:20", "end": "00:02:24", "text": "move. And right now, the opposite is"}, {"start": "00:02:22", "end": "00:02:26", "text": "happening. And this is why it's just a"}, {"start": "00:02:24", "end": "00:02:27", "text": "very good idea to pay attention to"}, {"start": "00:02:26", "end": "00:02:29", "text": "crypto markets right now because we're"}, {"start": "00:02:27", "end": "00:02:32", "text": "not putting in bearish divergence in"}, {"start": "00:02:29", "end": "00:02:35", "text": "overbought territory like back here."}, {"start": "00:02:32", "end": "00:02:37", "text": "We're putting in bullish divergence in"}, {"start": "00:02:35", "end": "00:02:40", "text": "oversold territory like the bottom of"}, {"start": "00:02:37", "end": "00:02:43", "text": "the 2022 move. So, if we go back to the"}, {"start": "00:02:40", "end": "00:02:44", "text": "Bitcoin daily chart, that's one thing I"}, {"start": "00:02:43", "end": "00:02:46", "text": "just want to I want to point out to you."}, {"start": "00:02:44", "end": "00:02:48", "text": "Just because we have a 20 falling below"}, {"start": "00:02:46", "end": "00:02:51", "text": "the 50 like that and it's just looking"}, {"start": "00:02:48", "end": "00:02:53", "text": "like capitulation right now, it it"}, {"start": "00:02:51", "end": "00:02:55", "text": "actually doesn't have to be a bad thing."}, {"start": "00:02:53", "end": "00:02:57", "text": "But what we wait for now is the is the"}, {"start": "00:02:55", "end": "00:03:00", "text": "draw in. Right. Here's another 20 below"}, {"start": "00:02:57", "end": "00:03:02", "text": "the 50. That move not as bearish as the"}, {"start": "00:03:00", "end": "00:03:04", "text": "top back here when we got the 20 below"}, {"start": "00:03:02", "end": "00:03:06", "text": "the 50, but it's also not as bullish as"}, {"start": "00:03:04", "end": "00:03:07", "text": "this one considering how oversold the"}, {"start": "00:03:06", "end": "00:03:10", "text": "markets are. It's kind of in this"}, {"start": "00:03:07", "end": "00:03:12", "text": "neutral range and there was obviously a"}, {"start": "00:03:10", "end": "00:03:14", "text": "lot in play for the downside and we got"}, {"start": "00:03:12", "end": "00:03:16", "text": "downside. There's that capitulation."}, {"start": "00:03:14", "end": "00:03:19", "text": "Notice the consolidation that Bitcoin"}, {"start": "00:03:16", "end": "00:03:21", "text": "went into and and kind of that draw in"}, {"start": "00:03:19", "end": "00:03:24", "text": "into all these moving average areas"}, {"start": "00:03:21", "end": "00:03:27", "text": "after that capitulation."}, {"start": "00:03:24", "end": "00:03:30", "text": "That is a different length of time right"}, {"start": "00:03:27", "end": "00:03:33", "text": "there than this one. We fall and then we"}, {"start": "00:03:30", "end": "00:03:34", "text": "go into some structure. It's always a"}, {"start": "00:03:33", "end": "00:03:36", "text": "kind of a different length of time. And"}, {"start": "00:03:34", "end": "00:03:39", "text": "again, you can zoom out on these charts,"}, {"start": "00:03:36", "end": "00:03:42", "text": "right? If I go all the way back even to"}, {"start": "00:03:39", "end": "00:03:44", "text": "this 2022"}, {"start": "00:03:42", "end": "00:03:46", "text": "move in May, by the way, this was right"}, {"start": "00:03:44", "end": "00:03:49", "text": "before quantitative tightening started"}, {"start": "00:03:46", "end": "00:03:51", "text": "in June. We fell. There's structure"}, {"start": "00:03:49", "end": "00:03:53", "text": "being pulled into the moving averages"}, {"start": "00:03:51", "end": "00:03:55", "text": "short shorter term time frame and then"}, {"start": "00:03:53", "end": "00:03:56", "text": "capitulation and then here's another"}, {"start": "00:03:55", "end": "00:03:59", "text": "structure and then continuing to the"}, {"start": "00:03:56", "end": "00:04:01", "text": "downside. We just pull into these moving"}, {"start": "00:03:59", "end": "00:04:02", "text": "averages over and over. Point being and"}, {"start": "00:04:01", "end": "00:04:05", "text": "then we're going to go look at the"}, {"start": "00:04:02", "end": "00:04:08", "text": "altcoin chart. Here we are. We just fell"}, {"start": "00:04:05", "end": "00:04:10", "text": "out of this structure. We see the 20day"}, {"start": "00:04:08", "end": "00:04:12", "text": "falling below the 50 and now we're"}, {"start": "00:04:10", "end": "00:04:14", "text": "pulling into the moving averages right"}, {"start": "00:04:12", "end": "00:04:16", "text": "now. not only moving averages but also"}, {"start": "00:04:14", "end": "00:04:19", "text": "this blue line which is the the trend"}, {"start": "00:04:16", "end": "00:04:21", "text": "line that goes back to all-time high. So"}, {"start": "00:04:19", "end": "00:04:23", "text": "this is a key area. The the thing that I"}, {"start": "00:04:21", "end": "00:04:26", "text": "want to point out to you is the 50"}, {"start": "00:04:23", "end": "00:04:28", "text": "moving average is up here at 73. The 200"}, {"start": "00:04:26", "end": "00:04:32", "text": "is 77. The 20 is right where Bitcoin is"}, {"start": "00:04:28", "end": "00:04:34", "text": "right now at 66 um just around 66. And"}, {"start": "00:04:32", "end": "00:04:36", "text": "then we have this trend line back here."}, {"start": "00:04:34", "end": "00:04:38", "text": "So all of this area Bitcoin pulling into"}, {"start": "00:04:36", "end": "00:04:41", "text": "right now we might get rejected right"}, {"start": "00:04:38", "end": "00:04:43", "text": "here. Point being, we might start the"}, {"start": "00:04:41", "end": "00:04:45", "text": "structure right now because there's no"}, {"start": "00:04:43", "end": "00:04:47", "text": "structure after this capitulation that"}, {"start": "00:04:45", "end": "00:04:49", "text": "we had into beginning of June. There's"}, {"start": "00:04:47", "end": "00:04:51", "text": "not much structure. We have a bounce,"}, {"start": "00:04:49", "end": "00:04:53", "text": "but there's no structure. What does the"}, {"start": "00:04:51", "end": "00:04:55", "text": "structure look like? Are we sideways for"}, {"start": "00:04:53", "end": "00:04:57", "text": "a little bit and then we get a pump to"}, {"start": "00:04:55", "end": "00:04:58", "text": "the upside and then we're back down."}, {"start": "00:04:57", "end": "00:05:00", "text": "What is the structure going to look"}, {"start": "00:04:58", "end": "00:05:02", "text": "like? Is it going to be a triangle? Is"}, {"start": "00:05:00", "end": "00:05:04", "text": "it going to be a rising channel? What is"}, {"start": "00:05:02", "end": "00:05:06", "text": "it going to look like? That's what I'm"}, {"start": "00:05:04", "end": "00:05:08", "text": "waiting for in Bitcoin. I think for me"}, {"start": "00:05:06", "end": "00:05:09", "text": "it gets more interesting when we start"}, {"start": "00:05:08", "end": "00:05:11", "text": "looking at the altcoin market cap chart."}, {"start": "00:05:09", "end": "00:05:13", "text": "This is everything excluding Bitcoin on"}, {"start": "00:05:11", "end": "00:05:14", "text": "the daily. And here's what the daily"}, {"start": "00:05:13", "end": "00:05:16", "text": "looks like. You might notice very"}, {"start": "00:05:14", "end": "00:05:19", "text": "similar to Bitcoin actually, which is"}, {"start": "00:05:16", "end": "00:05:22", "text": "these 20-day moves below the 50 leading"}, {"start": "00:05:19", "end": "00:05:24", "text": "right into the capitulation. And we are"}, {"start": "00:05:22", "end": "00:05:26", "text": "waiting for some type of structure that"}, {"start": "00:05:24", "end": "00:05:27", "text": "we've got every single time. We are in"}, {"start": "00:05:26", "end": "00:05:29", "text": "the beginning of the structured move"}, {"start": "00:05:27", "end": "00:05:31", "text": "right now. So, we need to give this a"}, {"start": "00:05:29", "end": "00:05:33", "text": "little bit of time. And there is a"}, {"start": "00:05:31", "end": "00:05:35", "text": "strong possibility we actually test the"}, {"start": "00:05:33", "end": "00:05:36", "text": "lows once again. And for a really nice"}, {"start": "00:05:35", "end": "00:05:39", "text": "visualization of what that could look"}, {"start": "00:05:36", "end": "00:05:42", "text": "like and why we are in a very bullish"}, {"start": "00:05:39", "end": "00:05:45", "text": "environment in my opinion is not only if"}, {"start": "00:05:42", "end": "00:05:47", "text": "you go to the weekly similar to Bitcoin"}, {"start": "00:05:45", "end": "00:05:50", "text": "we are not putting in some type of you"}, {"start": "00:05:47", "end": "00:05:54", "text": "know bearish divergence in towards"}, {"start": "00:05:50", "end": "00:05:57", "text": "overbought territories. We're putting in"}, {"start": "00:05:54", "end": "00:05:59", "text": "bullish divergence in oversold"}, {"start": "00:05:57", "end": "00:06:01", "text": "territories. That's the difference right"}, {"start": "00:05:59", "end": "00:06:03", "text": "now and that's what I need to remember"}, {"start": "00:06:01", "end": "00:06:06", "text": "when I'm zoomed way into the daily"}, {"start": "00:06:03", "end": "00:06:08", "text": "shortterm price action. And even with"}, {"start": "00:06:06", "end": "00:06:10", "text": "this story and this potential of we"}, {"start": "00:06:08", "end": "00:06:12", "text": "could test previous lows and that would"}, {"start": "00:06:10", "end": "00:06:14", "text": "be normal. It's the macro environment of"}, {"start": "00:06:12", "end": "00:06:17", "text": "altcoins right now is looking incredibly"}, {"start": "00:06:14", "end": "00:06:20", "text": "bullish. Bullish in a sense like we've"}, {"start": "00:06:17", "end": "00:06:23", "text": "seen in previous bare market lows and"}, {"start": "00:06:20", "end": "00:06:25", "text": "bottoming out reversal areas. So in"}, {"start": "00:06:23", "end": "00:06:28", "text": "relation to this altcoin chart, what"}, {"start": "00:06:25", "end": "00:06:30", "text": "could this look like? So if you zoom out"}, {"start": "00:06:28", "end": "00:06:31", "text": "and you look at all right, we got this"}, {"start": "00:06:30", "end": "00:06:34", "text": "capitulation"}, {"start": "00:06:31", "end": "00:06:37", "text": "and if we take into consideration these"}, {"start": "00:06:34", "end": "00:06:39", "text": "December 2022 lows or even the November"}, {"start": "00:06:37", "end": "00:06:42", "text": "2022 lows, I just want to zoom in on"}, {"start": "00:06:39", "end": "00:06:43", "text": "that for a second because and and keep"}, {"start": "00:06:42", "end": "00:06:46", "text": "in mind in the back of your mind the"}, {"start": "00:06:43", "end": "00:06:48", "text": "picture by the way of what the altcoin"}, {"start": "00:06:46", "end": "00:06:51", "text": "market cap chart looks like right now."}, {"start": "00:06:48", "end": "00:06:53", "text": "This is what it looks like. Okay? And it"}, {"start": "00:06:51", "end": "00:06:55", "text": "it if you're looking at just the chart"}, {"start": "00:06:53", "end": "00:06:56", "text": "and ignoring all of these other"}, {"start": "00:06:55", "end": "00:06:58", "text": "indicators, it doesn't look great. It"}, {"start": "00:06:56", "end": "00:07:02", "text": "looks like we're just like in constant"}, {"start": "00:06:58", "end": "00:07:03", "text": "freefall. If we go back to this bottom"}, {"start": "00:07:02", "end": "00:07:05", "text": "back here, and you can ignore the bounce"}, {"start": "00:07:03", "end": "00:07:07", "text": "that we got out of all of that. But you"}, {"start": "00:07:05", "end": "00:07:10", "text": "just look at all this chop, all this"}, {"start": "00:07:07", "end": "00:07:12", "text": "choppiness, you can even look at the"}, {"start": "00:07:10", "end": "00:07:14", "text": "20-day making this move below the 50"}, {"start": "00:07:12", "end": "00:07:17", "text": "right here. And then altcoins making"}, {"start": "00:07:14", "end": "00:07:20", "text": "this move to the downside. This looked"}, {"start": "00:07:17", "end": "00:07:21", "text": "absolutely terrible, right? And what did"}, {"start": "00:07:20", "end": "00:07:23", "text": "it lead to though? It lead to pulling"}, {"start": "00:07:21", "end": "00:07:26", "text": "into all these moving averages and the"}, {"start": "00:07:23", "end": "00:07:29", "text": "ultimate bottom. So the structure here"}, {"start": "00:07:26", "end": "00:07:31", "text": "is actually pretty messy. But that was"}, {"start": "00:07:29", "end": "00:07:33", "text": "that was the bottom. And I'm not"}, {"start": "00:07:31", "end": "00:07:35", "text": "necessarily saying we are like we're"}, {"start": "00:07:33", "end": "00:07:37", "text": "right here, right? I mean, we could be"}, {"start": "00:07:35", "end": "00:07:41", "text": "more like right here. I'm just saying"}, {"start": "00:07:37", "end": "00:07:43", "text": "we're in this con this test whether we"}, {"start": "00:07:41", "end": "00:07:45", "text": "go lower or we bounce out of the bottom."}, {"start": "00:07:43", "end": "00:07:48", "text": "We're in this test of pulling into"}, {"start": "00:07:45", "end": "00:07:50", "text": "consolidation. But what I really want to"}, {"start": "00:07:48", "end": "00:07:52", "text": "parallel draw the parallel with you is"}, {"start": "00:07:50", "end": "00:07:53", "text": "this."}, {"start": "00:07:52", "end": "00:07:56", "text": "There's so much going on on the daily"}, {"start": "00:07:53", "end": "00:07:58", "text": "chart. And when we look at just this"}, {"start": "00:07:56", "end": "00:08:01", "text": "little move, it looks like every other"}, {"start": "00:07:58", "end": "00:08:02", "text": "messy move on this altcoin chart, right?"}, {"start": "00:08:01", "end": "00:08:04", "text": "It's just like here's an ugly move,"}, {"start": "00:08:02", "end": "00:08:06", "text": "here's an ugly move, here's an ugly move"}, {"start": "00:08:04", "end": "00:08:08", "text": "to the downside."}, {"start": "00:08:06", "end": "00:08:10", "text": "It's just volatility all over the place."}, {"start": "00:08:08", "end": "00:08:12", "text": "But when you actually start singling out"}, {"start": "00:08:10", "end": "00:08:14", "text": "the macro and what's going on and"}, {"start": "00:08:12", "end": "00:08:17", "text": "setting up on the macro, it's actually"}, {"start": "00:08:14", "end": "00:08:19", "text": "most like here. And why is that? Because"}, {"start": "00:08:17", "end": "00:08:22", "text": "when we go to the weekly chart, that"}, {"start": "00:08:19", "end": "00:08:24", "text": "moment on the daily is here where we've"}, {"start": "00:08:22", "end": "00:08:26", "text": "had that bullish divergence. And you"}, {"start": "00:08:24", "end": "00:08:28", "text": "know, to bring it all together, what"}, {"start": "00:08:26", "end": "00:08:29", "text": "makes it extra bullish? It's not just"}, {"start": "00:08:28", "end": "00:08:33", "text": "those bullish indicators. It's not just"}, {"start": "00:08:29", "end": "00:08:35", "text": "how oversold we are. It's when altcoins"}, {"start": "00:08:33", "end": "00:08:38", "text": "made this move in the bottom. You can"}, {"start": "00:08:35", "end": "00:08:41", "text": "see the PMI business cycle. We just"}, {"start": "00:08:38", "end": "00:08:43", "text": "started quantitative tightening in June."}, {"start": "00:08:41", "end": "00:08:46", "text": "And this PMI had been contracting and"}, {"start": "00:08:43", "end": "00:08:48", "text": "falling and still has years of sideways"}, {"start": "00:08:46", "end": "00:08:51", "text": "contraction and really consolidation."}, {"start": "00:08:48", "end": "00:08:53", "text": "Right now the PMI started expanding. So"}, {"start": "00:08:51", "end": "00:08:56", "text": "we're getting a similar setup on the"}, {"start": "00:08:53", "end": "00:08:58", "text": "altcoin chart that we saw in the 2022"}, {"start": "00:08:56", "end": "00:09:00", "text": "bottom. We're we're getting such a"}, {"start": "00:08:58", "end": "00:09:03", "text": "similar setup in the altcoin market. At"}, {"start": "00:09:00", "end": "00:09:05", "text": "the same time, PMI is actually starting"}, {"start": "00:09:03", "end": "00:09:07", "text": "to look bullish. And this is a move if"}, {"start": "00:09:05", "end": "00:09:10", "text": "we continue expanding on PMI, that is a"}, {"start": "00:09:07", "end": "00:09:13", "text": "move that has preceded crypto bull"}, {"start": "00:09:10", "end": "00:09:15", "text": "markets. So if you think coming out of"}, {"start": "00:09:13", "end": "00:09:17", "text": "2022, this was the bull market, that's"}, {"start": "00:09:15", "end": "00:09:20", "text": "fine. You can call it a bull market. I"}, {"start": "00:09:17", "end": "00:09:22", "text": "still do not think we've had the"}, {"start": "00:09:20", "end": "00:09:24", "text": "cryptobull market. The cryptobull market"}, {"start": "00:09:22", "end": "00:09:28", "text": "that everybody has been used to since"}, {"start": "00:09:24", "end": "00:09:30", "text": "beginning or since Bitcoin came into,"}, {"start": "00:09:28", "end": "00:09:32", "text": "you know, into play. So that's what"}, {"start": "00:09:30", "end": "00:09:34", "text": "we're still waiting for. And as we"}, {"start": "00:09:32", "end": "00:09:36", "text": "monitor price action, there's probably"}, {"start": "00:09:34", "end": "00:09:38", "text": "going to be a lot of volatility. And you"}, {"start": "00:09:36", "end": "00:09:40", "text": "can see in this 2022 bottom even, we"}, {"start": "00:09:38", "end": "00:09:43", "text": "continually tested lows and even went a"}, {"start": "00:09:40", "end": "00:09:45", "text": "little bit lower at the worst. It was"}, {"start": "00:09:43", "end": "00:09:49", "text": "the worst possible looking chart and it"}, {"start": "00:09:45", "end": "00:09:50", "text": "was actually the bottom. So point being,"}, {"start": "00:09:49", "end": "00:09:53", "text": "we have to give this move time, the"}, {"start": "00:09:50", "end": "00:09:55", "text": "altcoin markets, Bitcoin, everything"}, {"start": "00:09:53", "end": "00:09:57", "text": "time to consolidate. We need to see"}, {"start": "00:09:55", "end": "00:09:59", "text": "altcoins, they might want to go test"}, {"start": "00:09:57", "end": "00:10:03", "text": "these lows again, maybe even go a little"}, {"start": "00:09:59", "end": "00:10:05", "text": "bit lower. That does not mean that it's"}, {"start": "00:10:03", "end": "00:10:07", "text": "just going to get so so so so much"}, {"start": "00:10:05", "end": "00:10:08", "text": "worse, but that could literally be the"}, {"start": "00:10:07", "end": "00:10:10", "text": "bottom. And I just want to anticipate"}, {"start": "00:10:08", "end": "00:10:13", "text": "that as we wait for structure. It could"}, {"start": "00:10:10", "end": "00:10:15", "text": "be different. Uh it could just be a more"}, {"start": "00:10:13", "end": "00:10:17", "text": "neutral type of structure that's put in"}, {"start": "00:10:15", "end": "00:10:19", "text": "and then maybe all coins escape that to"}, {"start": "00:10:17", "end": "00:10:21", "text": "the upside. I don't know. But we are at"}, {"start": "00:10:19", "end": "00:10:22", "text": "the very beginning of the structure,"}, {"start": "00:10:21", "end": "00:10:24", "text": "this first test of the moving average"}, {"start": "00:10:22", "end": "00:10:25", "text": "and we just have to see what happens."}, {"start": "00:10:24", "end": "00:10:27", "text": "Maybe we make a move to the upside and"}, {"start": "00:10:25", "end": "00:10:29", "text": "then we're falling down. I don't know"}, {"start": "00:10:27", "end": "00:10:31", "text": "what this will look like, but I wanted"}, {"start": "00:10:29", "end": "00:10:32", "text": "to kind of do this analysis because"}, {"start": "00:10:31", "end": "00:10:35", "text": "there's really not too much going on"}, {"start": "00:10:32", "end": "00:10:38", "text": "right now. Um, especially from a an"}, {"start": "00:10:35", "end": "00:10:40", "text": "attention perspective. A lot of mind"}, {"start": "00:10:38", "end": "00:10:42", "text": "share and attention is going to other"}, {"start": "00:10:40", "end": "00:10:44", "text": "things right now outside of crypto as"}, {"start": "00:10:42", "end": "00:10:45", "text": "crypto does consolidate and we wait to"}, {"start": "00:10:44", "end": "00:10:46", "text": "see what happens. So, these are my"}, {"start": "00:10:45", "end": "00:10:48", "text": "thoughts today. I hope you're having a"}, {"start": "00:10:46", "end": "00:10:50", "text": "good day out there. Hit the subscribe if"}, {"start": "00:10:48", "end": "00:10:51", "text": "you're not a subscriber. If you enjoyed"}, {"start": "00:10:50", "end": "00:10:55", "text": "the video, smash that like. I'll see you"}, {"start": "00:10:51", "end": "00:10:55", "text": "in the next video. God bless."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "S&P 500 is set to add over $900 billion"}, {"start": "00:00:03", "end": "00:00:06", "text": "dollars today after the US and Iran"}, {"start": "00:00:05", "end": "00:00:07", "text": "peace deal announcement. You know what's"}, {"start": "00:00:06", "end": "00:00:10", "text": "crazy? You might just be like, \"Well,"}, {"start": "00:00:07", "end": "00:00:12", "text": "I'm an altcoin holder, man. This has"}, {"start": "00:00:10", "end": "00:00:13", "text": "everything to do with altcoins.\" And I'm"}, {"start": "00:00:12", "end": "00:00:16", "text": "going to just show you and visualize"}, {"start": "00:00:13", "end": "00:00:19", "text": "exactly why this is such a big deal."}, {"start": "00:00:16", "end": "00:00:21", "text": "Right now, Strategies acquired 1,587"}, {"start": "00:00:19", "end": "00:00:24", "text": "Bitcoin for $100 million. Tom Lee's Bit"}, {"start": "00:00:21", "end": "00:00:27", "text": "Mine has bought $135 million worth of"}, {"start": "00:00:24", "end": "00:00:29", "text": "Ethereum Bitcoin on the monthly. A"}, {"start": "00:00:27", "end": "00:00:31", "text": "picture of the cycles. a picture of a"}, {"start": "00:00:29", "end": "00:00:34", "text": "rotation getting ready to happen into a"}, {"start": "00:00:31", "end": "00:00:37", "text": "cryptobull market and I would say more"}, {"start": "00:00:34", "end": "00:00:39", "text": "precisely visualized on an altcoin"}, {"start": "00:00:37", "end": "00:00:40", "text": "market cap chart or better yet an"}, {"start": "00:00:39", "end": "00:00:42", "text": "Ethereum chart and these are charts"}, {"start": "00:00:40", "end": "00:00:43", "text": "we're going to look at in this video."}, {"start": "00:00:42", "end": "00:00:45", "text": "I'm going to start the video with a word"}, {"start": "00:00:43", "end": "00:00:48", "text": "of caution on the short term because"}, {"start": "00:00:45", "end": "00:00:50", "text": "Bitcoin has this setup that I would just"}, {"start": "00:00:48", "end": "00:00:52", "text": "be cautious of in terms of short-term"}, {"start": "00:00:50", "end": "00:00:54", "text": "price action changes nothing about the"}, {"start": "00:00:52", "end": "00:00:56", "text": "macro, but in terms of the current move"}, {"start": "00:00:54", "end": "00:00:57", "text": "that we are in. Just something to look"}, {"start": "00:00:56", "end": "00:00:59", "text": "out for in the short term. We are at key"}, {"start": "00:00:57", "end": "00:01:00", "text": "resistance and that's what we're going"}, {"start": "00:00:59", "end": "00:01:02", "text": "to be talking about in today's video."}, {"start": "00:01:00", "end": "00:01:04", "text": "So, hit the subscribe and the like on"}, {"start": "00:01:02", "end": "00:01:05", "text": "the way in. And let's just jump into it."}, {"start": "00:01:04", "end": "00:01:07", "text": "And what I want to do is I want to start"}, {"start": "00:01:05", "end": "00:01:11", "text": "with Bitcoin and then I want to look at"}, {"start": "00:01:07", "end": "00:01:14", "text": "the S&P 500 versus altcoins and get a"}, {"start": "00:01:11", "end": "00:01:16", "text": "really nice picture of the cycle, the"}, {"start": "00:01:14", "end": "00:01:18", "text": "opportunity as so many people are"}, {"start": "00:01:16", "end": "00:01:20", "text": "leaving crypto or just just claiming"}, {"start": "00:01:18", "end": "00:01:21", "text": "that it's over for crypto. I want to"}, {"start": "00:01:20", "end": "00:01:24", "text": "show you this Ethereum chart and bring"}, {"start": "00:01:21", "end": "00:01:27", "text": "it all together. So here's Bitcoin on"}, {"start": "00:01:24", "end": "00:01:28", "text": "the monthly. I think it is very clear if"}, {"start": "00:01:27", "end": "00:01:30", "text": "you are a macro person, if you are a"}, {"start": "00:01:28", "end": "00:01:33", "text": "macro value investor specifically in the"}, {"start": "00:01:30", "end": "00:01:35", "text": "crypto space, we don't get these moments"}, {"start": "00:01:33", "end": "00:01:38", "text": "often. We have been trending at the"}, {"start": "00:01:35", "end": "00:01:41", "text": "50-month moving average. This is an area"}, {"start": "00:01:38", "end": "00:01:44", "text": "whether below or at Bitcoin has put in"}, {"start": "00:01:41", "end": "00:01:45", "text": "its bottoms. That's just the way it is."}, {"start": "00:01:44", "end": "00:01:48", "text": "So when we get a picture of these"}, {"start": "00:01:45", "end": "00:01:51", "text": "cycles, we are we are in my opinion in a"}, {"start": "00:01:48", "end": "00:01:53", "text": "pre-bull move and that is on the macro."}, {"start": "00:01:51", "end": "00:01:55", "text": "So, here's the weekly chart, and this is"}, {"start": "00:01:53", "end": "00:01:57", "text": "where the daily resistance caution comes"}, {"start": "00:01:55", "end": "00:01:59", "text": "into. And I'll start on the daily. If"}, {"start": "00:01:57", "end": "00:02:01", "text": "you've been watching my videos, you"}, {"start": "00:01:59", "end": "00:02:03", "text": "know, we were doing analysis basically"}, {"start": "00:02:01", "end": "00:02:05", "text": "kind of watching this channel to the"}, {"start": "00:02:03", "end": "00:02:07", "text": "upside. We had this resistance at the"}, {"start": "00:02:05", "end": "00:02:08", "text": "200 day moving average. We have this"}, {"start": "00:02:07", "end": "00:02:11", "text": "target that was all the way down here."}, {"start": "00:02:08", "end": "00:02:13", "text": "We got the resistance, hit the target,"}, {"start": "00:02:11", "end": "00:02:17", "text": "but along that journey, if you go back"}, {"start": "00:02:13", "end": "00:02:19", "text": "to all the way here in October 2025,"}, {"start": "00:02:17", "end": "00:02:21", "text": "this blue trend line, that's alltime"}, {"start": "00:02:19", "end": "00:02:23", "text": "high for Bitcoin."}, {"start": "00:02:21", "end": "00:02:25", "text": "This was an area we were wondering what"}, {"start": "00:02:23", "end": "00:02:26", "text": "happens when Bitcoin falls to test it."}, {"start": "00:02:25", "end": "00:02:28", "text": "Is there support for that throwback? And"}, {"start": "00:02:26", "end": "00:02:30", "text": "there was not support. We went right"}, {"start": "00:02:28", "end": "00:02:31", "text": "through it. Well, right now, you notice"}, {"start": "00:02:30", "end": "00:02:33", "text": "we hit the target to the downside of"}, {"start": "00:02:31", "end": "00:02:35", "text": "that channel and we're pulling right"}, {"start": "00:02:33", "end": "00:02:38", "text": "back into it. So, in the very short"}, {"start": "00:02:35", "end": "00:02:40", "text": "term, I would just I would have caution"}, {"start": "00:02:38", "end": "00:02:41", "text": "for me personally, not because I'm"}, {"start": "00:02:40", "end": "00:02:44", "text": "trading or I'm just kind of like, oh"}, {"start": "00:02:41", "end": "00:02:46", "text": "man, but if you are somebody that"}, {"start": "00:02:44", "end": "00:02:47", "text": "watches the markets and maybe you are"}, {"start": "00:02:46", "end": "00:02:49", "text": "making like you're trying to like figure"}, {"start": "00:02:47", "end": "00:02:50", "text": "out, man, I'm I'm I know I'm"}, {"start": "00:02:49", "end": "00:02:52", "text": "accumulating. I don't know if I want to"}, {"start": "00:02:50", "end": "00:02:53", "text": "do it today. I don't know what. Here's a"}, {"start": "00:02:52", "end": "00:02:55", "text": "really good area. Yeah, I don't I don't"}, {"start": "00:02:53", "end": "00:02:58", "text": "trade and stuff, but this is a good area"}, {"start": "00:02:55", "end": "00:03:00", "text": "to watch for in terms of the short-term"}, {"start": "00:02:58", "end": "00:03:02", "text": "momentum to the upside that crypto has"}, {"start": "00:03:00", "end": "00:03:05", "text": "right now, you know, cuz we are moving"}, {"start": "00:03:02", "end": "00:03:07", "text": "to the upside. We have a 20-day moving"}, {"start": "00:03:05", "end": "00:03:09", "text": "average and this blue trend line that"}, {"start": "00:03:07", "end": "00:03:11", "text": "goes to all-time highs that is being"}, {"start": "00:03:09", "end": "00:03:13", "text": "tested right now. I'm very curious to"}, {"start": "00:03:11", "end": "00:03:15", "text": "see how this daily candle closes for"}, {"start": "00:03:13", "end": "00:03:19", "text": "Bitcoin. Closing with power above it"}, {"start": "00:03:15", "end": "00:03:20", "text": "will be key. But more notably is what's"}, {"start": "00:03:19", "end": "00:03:22", "text": "taking place on the weekly chart. And"}, {"start": "00:03:20", "end": "00:03:25", "text": "this is also where there's just a little"}, {"start": "00:03:22", "end": "00:03:27", "text": "bit of caution. Here is this lower low"}, {"start": "00:03:25", "end": "00:03:29", "text": "on price and we had a lower low on price"}, {"start": "00:03:27", "end": "00:03:32", "text": "similar in 2022 that marked the bottom."}, {"start": "00:03:29", "end": "00:03:34", "text": "What makes it so similar is we have this"}, {"start": "00:03:32", "end": "00:03:37", "text": "basically bullish divergence, right?"}, {"start": "00:03:34", "end": "00:03:40", "text": "Swing low on the RSI, higher low. There"}, {"start": "00:03:37", "end": "00:03:42", "text": "it is. Bullish divergence with this"}, {"start": "00:03:40", "end": "00:03:44", "text": "lower price action on on price. There's"}, {"start": "00:03:42", "end": "00:03:46", "text": "a very nice bottom indicator. And then"}, {"start": "00:03:44", "end": "00:03:48", "text": "we went higher. Right now, that's kind"}, {"start": "00:03:46", "end": "00:03:50", "text": "of what's setting up, right? The lower"}, {"start": "00:03:48", "end": "00:03:52", "text": "the higher low on the RSI. Let me move"}, {"start": "00:03:50", "end": "00:03:54", "text": "this over. Higher low on the RSI, lower"}, {"start": "00:03:52", "end": "00:03:56", "text": "on price."}, {"start": "00:03:54", "end": "00:03:58", "text": "I want to show you exactly what I'm"}, {"start": "00:03:56", "end": "00:04:00", "text": "waiting for for this for this move to"}, {"start": "00:03:58", "end": "00:04:02", "text": "confirm a more macro bullish pivot. And"}, {"start": "00:04:00", "end": "00:04:05", "text": "I'm talking about a real reversal like a"}, {"start": "00:04:02", "end": "00:04:07", "text": "reversal that we saw back here. It's not"}, {"start": "00:04:05", "end": "00:04:08", "text": "just Okay, we have man, look at this. We"}, {"start": "00:04:07", "end": "00:04:11", "text": "have that bullish that bullish"}, {"start": "00:04:08", "end": "00:04:13", "text": "divergence in. I'd be careful with that."}, {"start": "00:04:11", "end": "00:04:16", "text": "We could trickle right back down, test"}, {"start": "00:04:13", "end": "00:04:19", "text": "price, go lower in price, and this RSI"}, {"start": "00:04:16", "end": "00:04:22", "text": "can still be in this bullish divergence"}, {"start": "00:04:19", "end": "00:04:25", "text": "territory just down here at like 31,"}, {"start": "00:04:22", "end": "00:04:27", "text": "right? Still bullish divergence. What"}, {"start": "00:04:25", "end": "00:04:29", "text": "I'm waiting for, I'm not confirming this"}, {"start": "00:04:27", "end": "00:04:32", "text": "bullish divergence yet. I'm waiting for"}, {"start": "00:04:29", "end": "00:04:34", "text": "not only this a bottom on the RSI, I'm"}, {"start": "00:04:32", "end": "00:04:37", "text": "waiting for the 20week moving average to"}, {"start": "00:04:34", "end": "00:04:39", "text": "be broken up here on price. And if you"}, {"start": "00:04:37", "end": "00:04:41", "text": "look at this last move, this bullish"}, {"start": "00:04:39", "end": "00:04:44", "text": "divergence when it was really confirmed,"}, {"start": "00:04:41", "end": "00:04:46", "text": "I would say it was confirmed right here"}, {"start": "00:04:44", "end": "00:04:48", "text": "in this move above the 20week moving"}, {"start": "00:04:46", "end": "00:04:50", "text": "average. Bitcoin is like $18,000. Right"}, {"start": "00:04:48", "end": "00:04:53", "text": "now, the 20week moving average is around"}, {"start": "00:04:50", "end": "00:04:56", "text": "$71,000. I want to see that. And so for"}, {"start": "00:04:53", "end": "00:04:59", "text": "Bitcoin, as we're monitoring even on"}, {"start": "00:04:56", "end": "00:05:01", "text": "that daily chart, short-term"}, {"start": "00:04:59", "end": "00:05:05", "text": "uh resistance, right? If we look at"}, {"start": "00:05:01", "end": "00:05:06", "text": "where $71,000 is here, well, here it is."}, {"start": "00:05:05", "end": "00:05:08", "text": "So, we need to break the short-term"}, {"start": "00:05:06", "end": "00:05:10", "text": "resistance. The 20-day moving averages"}, {"start": "00:05:08", "end": "00:05:14", "text": "is there. This blue line, that is the"}, {"start": "00:05:10", "end": "00:05:17", "text": "50-day moving average at 73. Bitcoin's"}, {"start": "00:05:14", "end": "00:05:20", "text": "making its way into shortterm, midterm"}, {"start": "00:05:17", "end": "00:05:22", "text": "and and long-term resistance right now."}, {"start": "00:05:20", "end": "00:05:24", "text": "So, it is going to be very interesting"}, {"start": "00:05:22", "end": "00:05:26", "text": "to see how Bitcoin does this. And it"}, {"start": "00:05:24", "end": "00:05:28", "text": "might just fail, right? Fake out. And we"}, {"start": "00:05:26", "end": "00:05:30", "text": "just might continue consolidating,"}, {"start": "00:05:28", "end": "00:05:33", "text": "putting in that macro bullish divergence"}, {"start": "00:05:30", "end": "00:05:34", "text": "still, but it just might not be the time"}, {"start": "00:05:33", "end": "00:05:37", "text": "for the breakout yet. That's what I'm"}, {"start": "00:05:34", "end": "00:05:39", "text": "watching on Bitcoin S&P 500. Look at"}, {"start": "00:05:37", "end": "00:05:43", "text": "this picture. This is this is everything"}, {"start": "00:05:39", "end": "00:05:44", "text": "to do with altcoins. It is S&P 500 in"}, {"start": "00:05:43", "end": "00:05:48", "text": "price discovery. Basically, this is a"}, {"start": "00:05:44", "end": "00:05:50", "text": "weekly chart. These red rectangles are"}, {"start": "00:05:48", "end": "00:05:51", "text": "basically"}, {"start": "00:05:50", "end": "00:05:53", "text": "quantitative tightening. And actually,"}, {"start": "00:05:51", "end": "00:05:57", "text": "this is this is too long. This was"}, {"start": "00:05:53", "end": "00:06:00", "text": "supposed to be June 2022, right? It just"}, {"start": "00:05:57", "end": "00:06:02", "text": "ended December 1st, 2025. The reason I'm"}, {"start": "00:06:00", "end": "00:06:06", "text": "showing you this is because we are"}, {"start": "00:06:02", "end": "00:06:08", "text": "around 196 days postQT and S&P 500 is in"}, {"start": "00:06:06", "end": "00:06:13", "text": "price discovery. If you're an altcoin"}, {"start": "00:06:08", "end": "00:06:16", "text": "holder, we are obviously 196 days post"}, {"start": "00:06:13", "end": "00:06:18", "text": "QT and we are 46% or so away from"}, {"start": "00:06:16", "end": "00:06:20", "text": "alltime highs with no bull market in"}, {"start": "00:06:18", "end": "00:06:22", "text": "sight. We have not had a bull market."}, {"start": "00:06:20", "end": "00:06:24", "text": "There's the QT season."}, {"start": "00:06:22", "end": "00:06:25", "text": "If you go back and you look at last"}, {"start": "00:06:24", "end": "00:06:27", "text": "cycle, I really want to show you this"}, {"start": "00:06:25", "end": "00:06:29", "text": "for multiple reasons. Here's the first"}, {"start": "00:06:27", "end": "00:06:31", "text": "ever quantitative tightening. Obviously"}, {"start": "00:06:29", "end": "00:06:34", "text": "not as long as this one, which is what I"}, {"start": "00:06:31", "end": "00:06:36", "text": "think lent itself to an extended"}, {"start": "00:06:34", "end": "00:06:38", "text": "suppression in the crypto markets, an"}, {"start": "00:06:36", "end": "00:06:41", "text": "extended bare market that we are just"}, {"start": "00:06:38", "end": "00:06:45", "text": "getting relief from. We're just at the"}, {"start": "00:06:41", "end": "00:06:48", "text": "end of in my opinion. But 196 days post"}, {"start": "00:06:45", "end": "00:06:52", "text": "QT, and this is so much like the post QT"}, {"start": "00:06:48", "end": "00:06:55", "text": "dip that we had in in crypto S&P 500"}, {"start": "00:06:52", "end": "00:06:57", "text": "price discovery,"}, {"start": "00:06:55", "end": "00:06:59", "text": "169 days, 196 days. And guess what? If"}, {"start": "00:06:57", "end": "00:07:01", "text": "you go look at this on the total crypto"}, {"start": "00:06:59", "end": "00:07:03", "text": "market cap chart, excluding Bitcoin,"}, {"start": "00:07:01", "end": "00:07:06", "text": "this is all coins,"}, {"start": "00:07:03", "end": "00:07:09", "text": "196 days, we we made a move to the"}, {"start": "00:07:06", "end": "00:07:11", "text": "upside and we were still down 75%."}, {"start": "00:07:09", "end": "00:07:15", "text": "So this time we're down 46%."}, {"start": "00:07:11", "end": "00:07:18", "text": "S&P 500 is in price discovery. Last time"}, {"start": "00:07:15", "end": "00:07:20", "text": "we were in we were down 75% as S&P 500"}, {"start": "00:07:18", "end": "00:07:22", "text": "was in price discovery."}, {"start": "00:07:20", "end": "00:07:24", "text": "The only difference is the length of"}, {"start": "00:07:22", "end": "00:07:26", "text": "time that we've had to deal with. And"}, {"start": "00:07:24", "end": "00:07:28", "text": "the length of time just is what it is."}, {"start": "00:07:26", "end": "00:07:29", "text": "It's because we've had record-breaking"}, {"start": "00:07:28", "end": "00:07:32", "text": "quantitative tightening that you see on"}, {"start": "00:07:29", "end": "00:07:33", "text": "the screen and also record-breaking"}, {"start": "00:07:32", "end": "00:07:34", "text": "suppression of this business cycle in"}, {"start": "00:07:33", "end": "00:07:37", "text": "green that just popped up this"}, {"start": "00:07:34", "end": "00:07:39", "text": "indicator. That's record-breaking. But"}, {"start": "00:07:37", "end": "00:07:41", "text": "now that's going into expansion at the"}, {"start": "00:07:39", "end": "00:07:43", "text": "confluence of a new Fed chair at in the"}, {"start": "00:07:41", "end": "00:07:44", "text": "Clarity Act and the Genius Act and"}, {"start": "00:07:43", "end": "00:07:47", "text": "institutionalization and tokenization"}, {"start": "00:07:44", "end": "00:07:49", "text": "and every everybody coming on the crypto"}, {"start": "00:07:47", "end": "00:07:51", "text": "rails. That's where we are right now."}, {"start": "00:07:49", "end": "00:07:53", "text": "And to get a really nice visualization"}, {"start": "00:07:51", "end": "00:07:54", "text": "of it all, here's Ethereum. don't even"}, {"start": "00:07:53", "end": "00:07:56", "text": "have to hold Ethereum, but if you're an"}, {"start": "00:07:54", "end": "00:07:58", "text": "altcoin holder, this is meaningful."}, {"start": "00:07:56", "end": "00:08:00", "text": "Ethereum on the monthly has obviously"}, {"start": "00:07:58", "end": "00:08:04", "text": "there's been no there's been no bull"}, {"start": "00:08:00", "end": "00:08:07", "text": "markets. I understand we had two 2022"}, {"start": "00:08:04", "end": "00:08:10", "text": "lows. We went to 2025 highs, right?"}, {"start": "00:08:07", "end": "00:08:13", "text": "4,700 or so from like,000. That's pretty"}, {"start": "00:08:10", "end": "00:08:15", "text": "good. But that's not the bull market."}, {"start": "00:08:13", "end": "00:08:18", "text": "That is not the bull market. That was"}, {"start": "00:08:15", "end": "00:08:21", "text": "within this incredible period of just"}, {"start": "00:08:18", "end": "00:08:22", "text": "contraction across the business cycle."}, {"start": "00:08:21", "end": "00:08:27", "text": "What I want to show you though is look"}, {"start": "00:08:22", "end": "00:08:29", "text": "at the momentum of of Ethereum oversold"}, {"start": "00:08:27", "end": "00:08:32", "text": "like every other bare market low is"}, {"start": "00:08:29", "end": "00:08:34", "text": "where the RSI is. The stock RSI quicker"}, {"start": "00:08:32", "end": "00:08:37", "text": "moving momentum oscillator exactly where"}, {"start": "00:08:34", "end": "00:08:40", "text": "it was in previous bottoms. The previous"}, {"start": "00:08:37", "end": "00:08:44", "text": "three bottoms that we have on this chart"}, {"start": "00:08:40", "end": "00:08:48", "text": "the tariff capitulation April 2025 2022"}, {"start": "00:08:44", "end": "00:08:51", "text": "lows as well as the 2018 lows."}, {"start": "00:08:48", "end": "00:08:53", "text": "And then lastly, check this out. The"}, {"start": "00:08:51", "end": "00:08:55", "text": "MACD. It's like, man, that momentum"}, {"start": "00:08:53", "end": "00:08:57", "text": "looks terrible on Ethereum. This looks"}, {"start": "00:08:55", "end": "00:09:00", "text": "amazing. And you know why? One, two,"}, {"start": "00:08:57", "end": "00:09:03", "text": "three, four, five, six red candles on"}, {"start": "00:09:00", "end": "00:09:06", "text": "the histogram. Let's go to the 2022"}, {"start": "00:09:03", "end": "00:09:08", "text": "lows. 1 2 3 4 5 six red candles on the"}, {"start": "00:09:06", "end": "00:09:11", "text": "histogram. Guess what? That basically"}, {"start": "00:09:08", "end": "00:09:13", "text": "was marking the bottom for Ethereum. And"}, {"start": "00:09:11", "end": "00:09:14", "text": "there was a little bit more sideways and"}, {"start": "00:09:13", "end": "00:09:17", "text": "draw down, but that was the bottom. It"}, {"start": "00:09:14", "end": "00:09:18", "text": "was it was multicycle accumulation"}, {"start": "00:09:17", "end": "00:09:20", "text": "territory. That's where we are right"}, {"start": "00:09:18", "end": "00:09:21", "text": "now. And I want to take it a step"}, {"start": "00:09:20", "end": "00:09:24", "text": "further. I know we don't have a ton of"}, {"start": "00:09:21", "end": "00:09:26", "text": "data on the MACD on this Ethereum chart,"}, {"start": "00:09:24", "end": "00:09:30", "text": "but February 2019,"}, {"start": "00:09:26", "end": "00:09:32", "text": "that last red candle, the the dark red"}, {"start": "00:09:30", "end": "00:09:37", "text": "histogram before going kind of lighter"}, {"start": "00:09:32", "end": "00:09:39", "text": "red, February 2019."}, {"start": "00:09:37", "end": "00:09:41", "text": "That was the bottom. That was the"}, {"start": "00:09:39", "end": "00:09:43", "text": "bottom."}, {"start": "00:09:41", "end": "00:09:47", "text": "And so point being,"}, {"start": "00:09:43", "end": "00:09:49", "text": "is this the last dark red histogram or"}, {"start": "00:09:47", "end": "00:09:52", "text": "bar on this histogram?"}, {"start": "00:09:49", "end": "00:09:54", "text": "Because if it is, there is there's a"}, {"start": "00:09:52", "end": "00:09:56", "text": "possibility. I'm not saying a guarantee,"}, {"start": "00:09:54", "end": "00:09:58", "text": "a possibility that this is the bottom"}, {"start": "00:09:56", "end": "00:09:59", "text": "candle. There's still 15 days left of"}, {"start": "00:09:58", "end": "00:10:01", "text": "this monthly, but this could be a bottom"}, {"start": "00:09:59", "end": "00:10:04", "text": "candle for Ethereum."}, {"start": "00:10:01", "end": "00:10:06", "text": "Why much of the industry is saying"}, {"start": "00:10:04", "end": "00:10:09", "text": "altcoins, Ethereum,"}, {"start": "00:10:06", "end": "00:10:11", "text": "they they've lost they've lost the"}, {"start": "00:10:09", "end": "00:10:14", "text": "story. They've lost the narrative. We've"}, {"start": "00:10:11", "end": "00:10:16", "text": "been here before. The only difference is"}, {"start": "00:10:14", "end": "00:10:18", "text": "this has taken longer this time and I"}, {"start": "00:10:16", "end": "00:10:20", "text": "think there's a very clear explanation."}, {"start": "00:10:18", "end": "00:10:22", "text": "So, as we start this week, I think we"}, {"start": "00:10:20", "end": "00:10:26", "text": "should be careful in terms of volatility"}, {"start": "00:10:22", "end": "00:10:28", "text": "because we have the IR situation as well"}, {"start": "00:10:26", "end": "00:10:30", "text": "as Fed meeting this week with Kevin"}, {"start": "00:10:28", "end": "00:10:32", "text": "Walsh. First time speaking. I did a"}, {"start": "00:10:30", "end": "00:10:34", "text": "video on this last night. If you've not"}, {"start": "00:10:32", "end": "00:10:37", "text": "seen it, go check it out. It's just me"}, {"start": "00:10:34", "end": "00:10:39", "text": "talking. But there's two things to look"}, {"start": "00:10:37", "end": "00:10:42", "text": "out for for Kevin Walsh to see if he"}, {"start": "00:10:39", "end": "00:10:44", "text": "says and talks about and it's going to"}, {"start": "00:10:42", "end": "00:10:46", "text": "be a big week between the 17th Kevin"}, {"start": "00:10:44", "end": "00:10:48", "text": "Walsh as well as the 19th the signing of"}, {"start": "00:10:46", "end": "00:10:50", "text": "this peace deal. So let's monitor be"}, {"start": "00:10:48", "end": "00:10:53", "text": "careful out there. Let's watch all these"}, {"start": "00:10:50", "end": "00:10:54", "text": "areas but I think in the you know the"}, {"start": "00:10:53", "end": "00:10:56", "text": "bigger picture crypto is looking very"}, {"start": "00:10:54", "end": "00:10:59", "text": "good. It's in high opportunity zone in"}, {"start": "00:10:56", "end": "00:11:00", "text": "my opinion lower risk zone and I wanted"}, {"start": "00:10:59", "end": "00:11:02", "text": "to share this with you as we start this"}, {"start": "00:11:00", "end": "00:11:04", "text": "week. If you're not a subscriber please"}, {"start": "00:11:02", "end": "00:11:08", "text": "subscribe, turn notifications on. I will"}, {"start": "00:11:04", "end": "00:11:08", "text": "see you in the next video. God bless."}]

[{"start": "00:00:01", "end": "00:00:04", "text": "If you are a crypto holder, this is a"}, {"start": "00:00:02", "end": "00:00:06", "text": "massive week. Two things are happening."}, {"start": "00:00:04", "end": "00:00:07", "text": "Number one, it's breaking tonight. We're"}, {"start": "00:00:06", "end": "00:00:10", "text": "going to talk about it. But number two"}, {"start": "00:00:07", "end": "00:00:12", "text": "is the Fed meeting and Kevin Walsh"}, {"start": "00:00:10", "end": "00:00:14", "text": "speaking for his first time. The new Fed"}, {"start": "00:00:12", "end": "00:00:16", "text": "chair speaking for the first time. I"}, {"start": "00:00:14", "end": "00:00:18", "text": "want you to listen for two phrases."}, {"start": "00:00:16", "end": "00:00:20", "text": "Let's see if he says these two phrases,"}, {"start": "00:00:18", "end": "00:00:22", "text": "even one of them, but it will be"}, {"start": "00:00:20", "end": "00:00:24", "text": "incredibly bullish if he does. So these"}, {"start": "00:00:22", "end": "00:00:26", "text": "two things, by the way, they are just"}, {"start": "00:00:24", "end": "00:00:28", "text": "intertwined. They have everything to do"}, {"start": "00:00:26", "end": "00:00:30", "text": "with each other. And that's why I want"}, {"start": "00:00:28", "end": "00:00:31", "text": "to do this very random video and I want"}, {"start": "00:00:30", "end": "00:00:33", "text": "to talk to you about it as we start this"}, {"start": "00:00:31", "end": "00:00:35", "text": "week. So let's just first start with"}, {"start": "00:00:33", "end": "00:00:38", "text": "what's breaking right now. That is this"}, {"start": "00:00:35", "end": "00:00:39", "text": "peace deal between US and Iran. I want"}, {"start": "00:00:38", "end": "00:00:42", "text": "to say and I want to preface and I want"}, {"start": "00:00:39", "end": "00:00:44", "text": "to put a big warning sign. This is an"}, {"start": "00:00:42", "end": "00:00:47", "text": "announcement. There have been many"}, {"start": "00:00:44", "end": "00:00:52", "text": "announcements that the next day it's"}, {"start": "00:00:47", "end": "00:00:56", "text": "over. It it fall it fell apart. So just"}, {"start": "00:00:52", "end": "00:00:57", "text": "be very careful with that. the the"}, {"start": "00:00:56", "end": "00:01:00", "text": "signing of the deal is a big deal, but"}, {"start": "00:00:57", "end": "00:01:02", "text": "that will not be until June 19th, which"}, {"start": "00:01:00", "end": "00:01:04", "text": "is Friday. So, it is Sunday night as I"}, {"start": "00:01:02", "end": "00:01:06", "text": "record the video, and June 19th is is"}, {"start": "00:01:04", "end": "00:01:10", "text": "kind of a long ways away when it comes"}, {"start": "00:01:06", "end": "00:01:12", "text": "to especially these things. So,"}, {"start": "00:01:10", "end": "00:01:13", "text": "think about this though, if this"}, {"start": "00:01:12", "end": "00:01:15", "text": "happens, and by the way, oil right now"}, {"start": "00:01:13", "end": "00:01:17", "text": "even falling. I think when I was just in"}, {"start": "00:01:15", "end": "00:01:19", "text": "the office, it was at like 80. It was"}, {"start": "00:01:17", "end": "00:01:23", "text": "like $80."}, {"start": "00:01:19", "end": "00:01:25", "text": "Oil's falling. And as we discussed this"}, {"start": "00:01:23", "end": "00:01:27", "text": "video that has a lot to do with Kevin"}, {"start": "00:01:25", "end": "00:01:31", "text": "Marsh,"}, {"start": "00:01:27", "end": "00:01:35", "text": "his view on inflation is everything in"}, {"start": "00:01:31", "end": "00:01:37", "text": "terms of what oil is doing. So what this"}, {"start": "00:01:35", "end": "00:01:40", "text": "peace deal with Iran means is massive in"}, {"start": "00:01:37", "end": "00:01:43", "text": "terms of the Fed meeting. And to me, it"}, {"start": "00:01:40", "end": "00:01:46", "text": "is no wonder. It is no wonder why we are"}, {"start": "00:01:43", "end": "00:01:49", "text": "so close to this peace deal right now,"}, {"start": "00:01:46", "end": "00:01:51", "text": "the week of Kevin Walsh and his first"}, {"start": "00:01:49", "end": "00:01:54", "text": "Fed meeting. I am not even the least bit"}, {"start": "00:01:51", "end": "00:01:57", "text": "curious about that because in my view it"}, {"start": "00:01:54", "end": "00:01:59", "text": "makes complete sense to me. So let's"}, {"start": "00:01:57", "end": "00:02:01", "text": "see. So first off, volatility this week,"}, {"start": "00:01:59", "end": "00:02:03", "text": "even if we get through the week and it"}, {"start": "00:02:01", "end": "00:02:04", "text": "actually does end up getting signed, I'd"}, {"start": "00:02:03", "end": "00:02:08", "text": "be very careful in terms of just"}, {"start": "00:02:04", "end": "00:02:10", "text": "markets. It's just an uncertain week. We"}, {"start": "00:02:08", "end": "00:02:13", "text": "have the war and we also have just the"}, {"start": "00:02:10", "end": "00:02:15", "text": "Fed meeting. So, we could see volatility"}, {"start": "00:02:13", "end": "00:02:17", "text": "to the downside. This isn't like it's a"}, {"start": "00:02:15", "end": "00:02:19", "text": "bullish everybody all in right now. This"}, {"start": "00:02:17", "end": "00:02:21", "text": "is going to be crazy. Be very careful."}, {"start": "00:02:19", "end": "00:02:23", "text": "Actually, I'd be surprised if we don't"}, {"start": "00:02:21", "end": "00:02:25", "text": "see volatility to the downside at some"}, {"start": "00:02:23", "end": "00:02:27", "text": "point. Even if it's just crashing and"}, {"start": "00:02:25", "end": "00:02:29", "text": "then it bounces out of it. But let's"}, {"start": "00:02:27", "end": "00:02:32", "text": "bring these things together. Obviously,"}, {"start": "00:02:29", "end": "00:02:34", "text": "let's see what happens this week with US"}, {"start": "00:02:32", "end": "00:02:36", "text": "Iran. If the peace deal get if gets"}, {"start": "00:02:34", "end": "00:02:38", "text": "signed on Friday, massive. But the other"}, {"start": "00:02:36", "end": "00:02:40", "text": "thing that is going on right now is"}, {"start": "00:02:38", "end": "00:02:43", "text": "this. Kevin Walsh is speaking on the"}, {"start": "00:02:40", "end": "00:02:45", "text": "17th and it's his first Fed Fed meeting."}, {"start": "00:02:43", "end": "00:02:47", "text": "And the reason why it is so important is"}, {"start": "00:02:45", "end": "00:02:48", "text": "because"}, {"start": "00:02:47", "end": "00:02:50", "text": "two reasons. And these are where the two"}, {"start": "00:02:48", "end": "00:02:52", "text": "the two phrases come into play. And I'll"}, {"start": "00:02:50", "end": "00:02:55", "text": "start with the first one. It's trimmed"}, {"start": "00:02:52", "end": "00:02:59", "text": "mean. Is Kevin Walsh going to bring up"}, {"start": "00:02:55", "end": "00:03:02", "text": "that phrase trimmed mean? It is his"}, {"start": "00:02:59", "end": "00:03:04", "text": "preferred measure of inflation and it is"}, {"start": "00:03:02", "end": "00:03:07", "text": "something that I just don't even think"}, {"start": "00:03:04", "end": "00:03:09", "text": "I've seen really any headlines cover. I"}, {"start": "00:03:07", "end": "00:03:11", "text": "don't know why. If it's Kevin Walsh, who"}, {"start": "00:03:09", "end": "00:03:13", "text": "is the new Fed chair, if it's his new"}, {"start": "00:03:11", "end": "00:03:15", "text": "preferred measure of measuring"}, {"start": "00:03:13", "end": "00:03:18", "text": "inflation, I don't know why I'm not"}, {"start": "00:03:15", "end": "00:03:21", "text": "seeing this everywhere, but all the"}, {"start": "00:03:18", "end": "00:03:23", "text": "headlines I see is about how out of"}, {"start": "00:03:21", "end": "00:03:25", "text": "control inflation is. Okay? And we're"}, {"start": "00:03:23", "end": "00:03:27", "text": "going to talk about this. how out of"}, {"start": "00:03:25", "end": "00:03:29", "text": "control inflation is, how the Fed is"}, {"start": "00:03:27", "end": "00:03:31", "text": "about to maybe even raise rates,"}, {"start": "00:03:29", "end": "00:03:34", "text": "definitely not lowering them. And that's"}, {"start": "00:03:31", "end": "00:03:36", "text": "fine. Speculate in that direction, but"}, {"start": "00:03:34", "end": "00:03:39", "text": "speculate in the other direction a"}, {"start": "00:03:36", "end": "00:03:42", "text": "little bit, too, because Kevin Walsh's"}, {"start": "00:03:39", "end": "00:03:45", "text": "preferred measure is the trimmed mean."}, {"start": "00:03:42", "end": "00:03:47", "text": "What the trim mean does is it basically"}, {"start": "00:03:45", "end": "00:03:50", "text": "disregards"}, {"start": "00:03:47", "end": "00:03:52", "text": "data points like"}, {"start": "00:03:50", "end": "00:03:56", "text": "shortterm"}, {"start": "00:03:52", "end": "00:03:59", "text": "energy increase in prices because of"}, {"start": "00:03:56", "end": "00:04:01", "text": "geopolitical events like maybe a war"}, {"start": "00:03:59", "end": "00:04:03", "text": "between US and Iran."}, {"start": "00:04:01", "end": "00:04:05", "text": "So if we have inflation printing at like"}, {"start": "00:04:03", "end": "00:04:09", "text": "4%."}, {"start": "00:04:05", "end": "00:04:11", "text": "And if we're using traditional measuring"}, {"start": "00:04:09", "end": "00:04:13", "text": "of inflation, it's 4% right now. It's"}, {"start": "00:04:11", "end": "00:04:17", "text": "because of most of it is because of the"}, {"start": "00:04:13", "end": "00:04:20", "text": "short-term oil shock of energy prices."}, {"start": "00:04:17", "end": "00:04:22", "text": "That's why. And all the headlines are"}, {"start": "00:04:20", "end": "00:04:25", "text": "treating it like a macro event."}, {"start": "00:04:22", "end": "00:04:27", "text": "Everything's out of control. But all it"}, {"start": "00:04:25", "end": "00:04:29", "text": "takes to even bring that number down is"}, {"start": "00:04:27", "end": "00:04:30", "text": "the war to end and oil to come back"}, {"start": "00:04:29", "end": "00:04:32", "text": "down. I'm not saying it's like going to"}, {"start": "00:04:30", "end": "00:04:34", "text": "come back down overnight everywhere, but"}, {"start": "00:04:32", "end": "00:04:38", "text": "if the war ends, the straight of horos"}, {"start": "00:04:34", "end": "00:04:41", "text": "opens, war will come back down. War was"}, {"start": "00:04:38", "end": "00:04:43", "text": "down before. It was trending down."}, {"start": "00:04:41", "end": "00:04:46", "text": "Okay, but that's not even the thing. The"}, {"start": "00:04:43", "end": "00:04:49", "text": "thing is Kevin Worsh's preferred"}, {"start": "00:04:46", "end": "00:04:51", "text": "measure, even with the war and oil"}, {"start": "00:04:49", "end": "00:04:53", "text": "prices being where they are and the"}, {"start": "00:04:51", "end": "00:04:56", "text": "short-term energy"}, {"start": "00:04:53", "end": "00:04:58", "text": "inflation based off of trim mean, I"}, {"start": "00:04:56", "end": "00:05:02", "text": "think, is close to 2%. with the war"}, {"start": "00:04:58", "end": "00:05:04", "text": "going on and oil where it's been. So,"}, {"start": "00:05:02", "end": "00:05:06", "text": "could you imagine"}, {"start": "00:05:04", "end": "00:05:09", "text": "could you imagine if the if the if we"}, {"start": "00:05:06", "end": "00:05:10", "text": "get a peace deal and energy prices come"}, {"start": "00:05:09", "end": "00:05:12", "text": "back down, the thing that's been driving"}, {"start": "00:05:10", "end": "00:05:14", "text": "inflation up, that short-term thing"}, {"start": "00:05:12", "end": "00:05:16", "text": "that's been driving inflation up? I'm"}, {"start": "00:05:14", "end": "00:05:18", "text": "just saying I don't know what's going to"}, {"start": "00:05:16", "end": "00:05:20", "text": "happen, but I just think it's a great"}, {"start": "00:05:18", "end": "00:05:22", "text": "idea to pay attention to that. It's a"}, {"start": "00:05:20", "end": "00:05:23", "text": "great idea to pay attention to that"}, {"start": "00:05:22", "end": "00:05:25", "text": "because that's only one piece of the"}, {"start": "00:05:23", "end": "00:05:26", "text": "equation when it comes to Kevin Walsh,"}, {"start": "00:05:25", "end": "00:05:30", "text": "by the way. The other piece of the"}, {"start": "00:05:26", "end": "00:05:32", "text": "equation is AI productivity."}, {"start": "00:05:30", "end": "00:05:36", "text": "And so when we're thinking about"}, {"start": "00:05:32", "end": "00:05:38", "text": "everybody's all bearish on inflation and"}, {"start": "00:05:36", "end": "00:05:41", "text": "just that data point alone, everybody's"}, {"start": "00:05:38", "end": "00:05:44", "text": "bearish about everything when there's an"}, {"start": "00:05:41", "end": "00:05:48", "text": "absolute boom going on right now. And"}, {"start": "00:05:44", "end": "00:05:51", "text": "it's a boom that Kevin Walsh talks"}, {"start": "00:05:48", "end": "00:05:54", "text": "about. I'm not just some crazy guy sitt"}, {"start": "00:05:51", "end": "00:05:56", "text": "Well maybe I maybe I'm crazy but I'm"}, {"start": "00:05:54", "end": "00:05:57", "text": "just saying what I'm saying is what what"}, {"start": "00:05:56", "end": "00:05:59", "text": "Kevin Marsh is talking about. He's a new"}, {"start": "00:05:57", "end": "00:06:01", "text": "Fed chair and what I'm talking about is"}, {"start": "00:05:59", "end": "00:06:03", "text": "the AI productivity boom. That's what he"}, {"start": "00:06:01", "end": "00:06:06", "text": "talks about. He's talking about AI"}, {"start": "00:06:03", "end": "00:06:08", "text": "productivity boom and this is the"}, {"start": "00:06:06", "end": "00:06:12", "text": "productivity boom that I like that I"}, {"start": "00:06:08", "end": "00:06:14", "text": "liken to the '9s boom, the roaring 90s."}, {"start": "00:06:12", "end": "00:06:16", "text": "And it was a different type of n of"}, {"start": "00:06:14", "end": "00:06:18", "text": "productivity boom, but it was a"}, {"start": "00:06:16", "end": "00:06:19", "text": "productivity boom because of technology"}, {"start": "00:06:18", "end": "00:06:21", "text": "and the internet and all the things that"}, {"start": "00:06:19", "end": "00:06:23", "text": "were going on back then. We're having"}, {"start": "00:06:21", "end": "00:06:29", "text": "something similar in my opinion, and"}, {"start": "00:06:23", "end": "00:06:32", "text": "it's because of AI. And Kevin Walsh,"}, {"start": "00:06:29", "end": "00:06:34", "text": "he thinks so, too."}, {"start": "00:06:32", "end": "00:06:36", "text": "So, we have this new Fed chair this week"}, {"start": "00:06:34", "end": "00:06:38", "text": "speaking who"}, {"start": "00:06:36", "end": "00:06:39", "text": "thinks there's an AI productivity boom"}, {"start": "00:06:38", "end": "00:06:41", "text": "happening"}, {"start": "00:06:39", "end": "00:06:44", "text": "and is not seemingly worried about"}, {"start": "00:06:41", "end": "00:06:46", "text": "inflation and measures inflation"}, {"start": "00:06:44", "end": "00:06:49", "text": "differently than pretty much anything I"}, {"start": "00:06:46", "end": "00:06:51", "text": "see out there. And the way that he"}, {"start": "00:06:49", "end": "00:06:53", "text": "measures it kind of puts aside the"}, {"start": "00:06:51", "end": "00:06:55", "text": "short-term energy shock that we've"}, {"start": "00:06:53", "end": "00:06:58", "text": "already had on the same week where that"}, {"start": "00:06:55", "end": "00:07:01", "text": "energy shock might actually be coming to"}, {"start": "00:06:58", "end": "00:07:04", "text": "an end. I don't know."}, {"start": "00:07:01", "end": "00:07:06", "text": "I really don't wonder very much if"}, {"start": "00:07:04", "end": "00:07:09", "text": "there's a coincidence"}, {"start": "00:07:06", "end": "00:07:12", "text": "that this peace deal is happening on the"}, {"start": "00:07:09", "end": "00:07:15", "text": "same week that we have Kevin W speaking"}, {"start": "00:07:12", "end": "00:07:19", "text": "and doing his thing."}, {"start": "00:07:15", "end": "00:07:21", "text": "So that's what's going on. And you know"}, {"start": "00:07:19", "end": "00:07:22", "text": "what else besides those two things? By"}, {"start": "00:07:21", "end": "00:07:24", "text": "the way, those are the two things to"}, {"start": "00:07:22", "end": "00:07:27", "text": "listen for for Kevin Marsh. Does he say"}, {"start": "00:07:24", "end": "00:07:28", "text": "AI productivity and does he say trimmed"}, {"start": "00:07:27", "end": "00:07:31", "text": "mean? Those are the things that I'm"}, {"start": "00:07:28", "end": "00:07:33", "text": "looking for. I want to see. Expect"}, {"start": "00:07:31", "end": "00:07:35", "text": "volatility this week. Expect downside"}, {"start": "00:07:33", "end": "00:07:37", "text": "this week. I would. It's very uncertain."}, {"start": "00:07:35", "end": "00:07:38", "text": "None of these things are certain. He"}, {"start": "00:07:37", "end": "00:07:40", "text": "might not mention e either of these"}, {"start": "00:07:38", "end": "00:07:41", "text": "things and the peace deal might fall"}, {"start": "00:07:40", "end": "00:07:43", "text": "apart by tomorrow morning. I do not"}, {"start": "00:07:41", "end": "00:07:46", "text": "know. But these are some things to"}, {"start": "00:07:43", "end": "00:07:49", "text": "consider at the very least. Now, with"}, {"start": "00:07:46", "end": "00:07:51", "text": "that being said, we have"}, {"start": "00:07:49", "end": "00:07:54", "text": "all of these other things happening,"}, {"start": "00:07:51", "end": "00:07:56", "text": "right? We have S&P 500, which I'm going"}, {"start": "00:07:54", "end": "00:07:57", "text": "to touch on in a second. S&P 500 doing"}, {"start": "00:07:56", "end": "00:07:59", "text": "what it's doing. You see how it's"}, {"start": "00:07:57", "end": "00:08:00", "text": "performing. We have Russell 2000 that"}, {"start": "00:07:59", "end": "00:08:02", "text": "just went into price discovery. We have"}, {"start": "00:08:00", "end": "00:08:06", "text": "business cycle that just started"}, {"start": "00:08:02", "end": "00:08:08", "text": "expanding. It last printed at 54. And we"}, {"start": "00:08:06", "end": "00:08:10", "text": "have copper gold that has bottomed out."}, {"start": "00:08:08", "end": "00:08:13", "text": "And we are seeing a real a real strength"}, {"start": "00:08:10", "end": "00:08:16", "text": "in copper versus gold. Each of these"}, {"start": "00:08:13", "end": "00:08:17", "text": "things, even the S&P 500 going into"}, {"start": "00:08:16", "end": "00:08:19", "text": "price discovery where crypto looks"}, {"start": "00:08:17", "end": "00:08:22", "text": "terrible, each of these things have have"}, {"start": "00:08:19", "end": "00:08:24", "text": "preceded crypto bull runs."}, {"start": "00:08:22", "end": "00:08:27", "text": "Those things are happening too. At the"}, {"start": "00:08:24", "end": "00:08:29", "text": "same time, the S&P 500, just to give you"}, {"start": "00:08:27", "end": "00:08:30", "text": "a little bit of context, and I know you"}, {"start": "00:08:29", "end": "00:08:32", "text": "might have seen my previous videos, I"}, {"start": "00:08:30", "end": "00:08:34", "text": "showed this, I think, but"}, {"start": "00:08:32", "end": "00:08:36", "text": "S&P 500 is doing its thing. Crypto looks"}, {"start": "00:08:34", "end": "00:08:38", "text": "terrible. Ethereum sideways since like"}, {"start": "00:08:36", "end": "00:08:40", "text": "2021."}, {"start": "00:08:38", "end": "00:08:42", "text": "But if you look at last cycle post"}, {"start": "00:08:40", "end": "00:08:43", "text": "quantitative tightening, because that's"}, {"start": "00:08:42", "end": "00:08:45", "text": "the other thing here, quantitative"}, {"start": "00:08:43", "end": "00:08:47", "text": "tightening just ended in December 1st."}, {"start": "00:08:45", "end": "00:08:49", "text": "You might be like, that's December."}, {"start": "00:08:47", "end": "00:08:51", "text": "Well,"}, {"start": "00:08:49", "end": "00:08:54", "text": "there's this postquantitative tightening"}, {"start": "00:08:51", "end": "00:08:57", "text": "normalization phase that I've been"}, {"start": "00:08:54", "end": "00:09:00", "text": "talking about and I said anticipate a"}, {"start": "00:08:57", "end": "00:09:02", "text": "dip. That's what happened in 2019. That"}, {"start": "00:09:00", "end": "00:09:05", "text": "normalization phase brought a dip. What"}, {"start": "00:09:02", "end": "00:09:08", "text": "happened? We dipped. But in December, I"}, {"start": "00:09:05", "end": "00:09:10", "text": "think it was December 2019. If you look"}, {"start": "00:09:08", "end": "00:09:12", "text": "at that postQT dip, you know, because"}, {"start": "00:09:10", "end": "00:09:14", "text": "July 2019 is when Q quantitative"}, {"start": "00:09:12", "end": "00:09:17", "text": "tightening ended last cycle. We're"}, {"start": "00:09:14", "end": "00:09:18", "text": "dipping dip and dipping. And then 2000,"}, {"start": "00:09:17", "end": "00:09:20", "text": "December 2019, if you just look at the"}, {"start": "00:09:18", "end": "00:09:22", "text": "crypto charts, you'll notice they're not"}, {"start": "00:09:20", "end": "00:09:24", "text": "at all-time highs."}, {"start": "00:09:22", "end": "00:09:27", "text": "They're a ways away from all-time highs,"}, {"start": "00:09:24", "end": "00:09:30", "text": "but the S&P 500 was in price discovery."}, {"start": "00:09:27", "end": "00:09:33", "text": "And it's like, dude, why is the S&P 500"}, {"start": "00:09:30", "end": "00:09:35", "text": "outperforming crypto? Crypto's done."}, {"start": "00:09:33", "end": "00:09:38", "text": "This is exactly where we are right now."}, {"start": "00:09:35", "end": "00:09:41", "text": "I mean like never before I am seeing"}, {"start": "00:09:38", "end": "00:09:43", "text": "just top names in crypto that you just"}, {"start": "00:09:41", "end": "00:09:45", "text": "see as like these are like the most"}, {"start": "00:09:43", "end": "00:09:48", "text": "bullish people in crypto"}, {"start": "00:09:45", "end": "00:09:50", "text": "like they are"}, {"start": "00:09:48", "end": "00:09:51", "text": "I think questioning is crypto game over"}, {"start": "00:09:50", "end": "00:09:54", "text": "and I don't think it's game over at all."}, {"start": "00:09:51", "end": "00:09:56", "text": "I think it's I think it's we've been"}, {"start": "00:09:54", "end": "00:09:57", "text": "through a record-breaking cycle of"}, {"start": "00:09:56", "end": "00:09:59", "text": "quantitative tightening only the second"}, {"start": "00:09:57", "end": "00:10:00", "text": "time ever and a record-breaking"}, {"start": "00:09:59", "end": "00:10:02", "text": "suppression of the business cycle."}, {"start": "00:10:00", "end": "00:10:05", "text": "Business cycle and the PMI is heavily"}, {"start": "00:10:02", "end": "00:10:07", "text": "correlated to crypto cycles. That's my"}, {"start": "00:10:05", "end": "00:10:08", "text": "view. There's a lot of people that think"}, {"start": "00:10:07", "end": "00:10:12", "text": "it's just a four-year cycle. That's"}, {"start": "00:10:08", "end": "00:10:14", "text": "fine. But my view is because the"}, {"start": "00:10:12", "end": "00:10:16", "text": "correlation is just there. You can't"}, {"start": "00:10:14", "end": "00:10:17", "text": "ignore it. It's just there. My view is"}, {"start": "00:10:16", "end": "00:10:19", "text": "it's been record-breaking suppression."}, {"start": "00:10:17", "end": "00:10:21", "text": "And this is why we set we have something"}, {"start": "00:10:19", "end": "00:10:23", "text": "like Ethereum and these altcoins and"}, {"start": "00:10:21", "end": "00:10:25", "text": "especially these lower caps. That's why"}, {"start": "00:10:23", "end": "00:10:27", "text": "they're just sideways. They've not"}, {"start": "00:10:25", "end": "00:10:30", "text": "performed. But I think we're entering a"}, {"start": "00:10:27", "end": "00:10:33", "text": "new era. We have these things happening."}, {"start": "00:10:30", "end": "00:10:35", "text": "Russell 2000 breaking out, copper gold"}, {"start": "00:10:33", "end": "00:10:39", "text": "breaking out, Russell Russell 2000, S&P"}, {"start": "00:10:35", "end": "00:10:42", "text": "500, all of it together. PMI expansion,"}, {"start": "00:10:39", "end": "00:10:44", "text": "and now"}, {"start": "00:10:42", "end": "00:10:47", "text": "new Fed share."}, {"start": "00:10:44", "end": "00:10:50", "text": "Now, potentially, I'm not going to say"}, {"start": "00:10:47", "end": "00:10:54", "text": "it's a done deal at all,"}, {"start": "00:10:50", "end": "00:10:56", "text": "but the the warf and clarity haven't"}, {"start": "00:10:54", "end": "00:10:58", "text": "even mentioned it. You're going to tell"}, {"start": "00:10:56", "end": "00:11:00", "text": "me right now, crypto, it's it's game"}, {"start": "00:10:58", "end": "00:11:04", "text": "over. Everybody left crypto because it's"}, {"start": "00:11:00", "end": "00:11:05", "text": "it's game over now because of AI. At the"}, {"start": "00:11:04", "end": "00:11:07", "text": "moment, we have like"}, {"start": "00:11:05", "end": "00:11:10", "text": "institutionalization."}, {"start": "00:11:07", "end": "00:11:14", "text": "We have massive firms and massive big"}, {"start": "00:11:10", "end": "00:11:16", "text": "players getting positioned and ready to"}, {"start": "00:11:14", "end": "00:11:19", "text": "come on the crypto rails. All of that"}, {"start": "00:11:16", "end": "00:11:21", "text": "happening, you're going to tell me it's"}, {"start": "00:11:19", "end": "00:11:23", "text": "game over as we we're getting ready to"}, {"start": "00:11:21", "end": "00:11:24", "text": "get Clarity Act. We just got we got"}, {"start": "00:11:23", "end": "00:11:26", "text": "Genius Act not that long ago. You're"}, {"start": "00:11:24", "end": "00:11:28", "text": "going to tell me it's game over. That's"}, {"start": "00:11:26", "end": "00:11:31", "text": "what that's what the conclusion is."}, {"start": "00:11:28", "end": "00:11:33", "text": "Maybe you are right. Maybe it is. But"}, {"start": "00:11:31", "end": "00:11:35", "text": "I'm just not there yet. I'm not the"}, {"start": "00:11:33", "end": "00:11:38", "text": "maybe it'll take for all of crypto to be"}, {"start": "00:11:35", "end": "00:11:39", "text": "at zero and then I'll be like, \"Oh, I"}, {"start": "00:11:38", "end": "00:11:42", "text": "was absolutely wrong about that.\" And"}, {"start": "00:11:39", "end": "00:11:45", "text": "I'll just do a video and be like, \"Oh,"}, {"start": "00:11:42", "end": "00:11:48", "text": "that's that's a bummer.\" Because I spent"}, {"start": "00:11:45", "end": "00:11:52", "text": "so much time in crypto and I have I have"}, {"start": "00:11:48", "end": "00:11:55", "text": "a lot invested in this space."}, {"start": "00:11:52", "end": "00:11:56", "text": "But everybody's questioning it and we"}, {"start": "00:11:55", "end": "00:11:59", "text": "have actually been here before. It's"}, {"start": "00:11:56", "end": "00:12:01", "text": "worse this time, but we have been here"}, {"start": "00:11:59", "end": "00:12:03", "text": "before."}, {"start": "00:12:01", "end": "00:12:06", "text": "It's just the price action is what's"}, {"start": "00:12:03", "end": "00:12:07", "text": "really really making it bad and I think"}, {"start": "00:12:06", "end": "00:12:10", "text": "that's what's having a lot of people"}, {"start": "00:12:07", "end": "00:12:12", "text": "question things and that's normal and I"}, {"start": "00:12:10", "end": "00:12:14", "text": "understand even for the top people in"}, {"start": "00:12:12", "end": "00:12:16", "text": "the space"}, {"start": "00:12:14", "end": "00:12:18", "text": "but I'm just not there. I see data"}, {"start": "00:12:16", "end": "00:12:20", "text": "differently. I see I see a compression"}, {"start": "00:12:18", "end": "00:12:24", "text": "on the the business cycle that has led"}, {"start": "00:12:20", "end": "00:12:28", "text": "to this lowest risk asset class"}, {"start": "00:12:24", "end": "00:12:30", "text": "uh just on standby. That's what it is on"}, {"start": "00:12:28", "end": "00:12:33", "text": "standby and big players have been"}, {"start": "00:12:30", "end": "00:12:35", "text": "positioning And there is just I think an"}, {"start": "00:12:33", "end": "00:12:37", "text": "explosion getting ready to happen. And I"}, {"start": "00:12:35", "end": "00:12:40", "text": "could be wrong. And I I really try and"}, {"start": "00:12:37", "end": "00:12:42", "text": "balance my own risk"}, {"start": "00:12:40", "end": "00:12:45", "text": "in that I am wrong."}, {"start": "00:12:42", "end": "00:12:46", "text": "I really do. I don't I don't like go all"}, {"start": "00:12:45", "end": "00:12:49", "text": "in because this is it. It's going to"}, {"start": "00:12:46", "end": "00:12:51", "text": "happen. I'm I really balanced my risk. I"}, {"start": "00:12:49", "end": "00:12:54", "text": "would like to put more in than I already"}, {"start": "00:12:51", "end": "00:12:57", "text": "have invested, but I don't because I'm"}, {"start": "00:12:54", "end": "00:13:00", "text": "trying to be careful because maybe I am"}, {"start": "00:12:57", "end": "00:13:02", "text": "wrong. However,"}, {"start": "00:13:00", "end": "00:13:04", "text": "I really think the data is clear. So,"}, {"start": "00:13:02", "end": "00:13:06", "text": "anyway, I'm rambling now, but I wanted"}, {"start": "00:13:04", "end": "00:13:07", "text": "to kind of bring this to you as we start"}, {"start": "00:13:06", "end": "00:13:10", "text": "this week. It's a big week. So, let's"}, {"start": "00:13:07", "end": "00:13:13", "text": "see what what Kevin Moore says. Two"}, {"start": "00:13:10", "end": "00:13:15", "text": "things. AI productivity trimmed mean."}, {"start": "00:13:13", "end": "00:13:17", "text": "Does he say either one? And let's make"}, {"start": "00:13:15", "end": "00:13:20", "text": "it through the week. So, be prepared for"}, {"start": "00:13:17", "end": "00:13:21", "text": "volatility even to the downside."}, {"start": "00:13:20", "end": "00:13:24", "text": "Especially to the downside. I'd be"}, {"start": "00:13:21", "end": "00:13:29", "text": "surprised if we don't get downside. But"}, {"start": "00:13:24", "end": "00:13:32", "text": "at the same time, be prepared for"}, {"start": "00:13:29", "end": "00:13:34", "text": "very strong macro ingredients to come"}, {"start": "00:13:32", "end": "00:13:36", "text": "together because that's what I think is"}, {"start": "00:13:34", "end": "00:13:38", "text": "happening right now. So, appreciate you"}, {"start": "00:13:36", "end": "00:13:39", "text": "watching everybody. I really do. I hope"}, {"start": "00:13:38", "end": "00:13:40", "text": "you have a good start to your week. If"}, {"start": "00:13:39", "end": "00:13:42", "text": "you're not a subscriber, hit the"}, {"start": "00:13:40", "end": "00:13:44", "text": "subscribe. I bring to you my thoughts,"}, {"start": "00:13:42", "end": "00:13:47", "text": "obviously, technical analysis, crypto"}, {"start": "00:13:44", "end": "00:13:49", "text": "news, all that good stuff. And if you"}, {"start": "00:13:47", "end": "00:13:51", "text": "are a subscriber, turn notifications on."}, {"start": "00:13:49", "end": "00:13:53", "text": "It helps the channel a lot. And that"}, {"start": "00:13:51", "end": "00:13:54", "text": "support alone means a ton to me. And if"}, {"start": "00:13:53", "end": "00:13:56", "text": "you enjoyed the video, click that like."}, {"start": "00:13:54", "end": "00:13:58", "text": "I will see you all next video. Have a"}, {"start": "00:13:56", "end": "00:13:58", "text": "good week."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "What's incredible about this altcoin"}, {"start": "00:00:02", "end": "00:00:05", "text": "market cap chart, everything excluding"}, {"start": "00:00:03", "end": "00:00:08", "text": "Bitcoin on the daily, it looks unknown."}, {"start": "00:00:05", "end": "00:00:10", "text": "It looks messy. There's only been like"}, {"start": "00:00:08", "end": "00:00:13", "text": "two or three times before on this daily"}, {"start": "00:00:10", "end": "00:00:15", "text": "chart that we could say, man, the bottom"}, {"start": "00:00:13", "end": "00:00:17", "text": "is in. The bottom is in. And I don't"}, {"start": "00:00:15", "end": "00:00:19", "text": "want to sit here and say the bottom is"}, {"start": "00:00:17", "end": "00:00:21", "text": "in. But I am telling you, I know it"}, {"start": "00:00:19", "end": "00:00:23", "text": "looks messy. I'm going to show you in"}, {"start": "00:00:21", "end": "00:00:25", "text": "this video something you just can't"}, {"start": "00:00:23", "end": "00:00:28", "text": "ignore. Something that brings structure"}, {"start": "00:00:25", "end": "00:00:29", "text": "and clarity to this chart. Because"}, {"start": "00:00:28", "end": "00:00:31", "text": "what's happening right now on the daily"}, {"start": "00:00:29", "end": "00:00:33", "text": "chart, and I'm going to give you a"}, {"start": "00:00:31", "end": "00:00:35", "text": "really clear picture of it, this is"}, {"start": "00:00:33", "end": "00:00:37", "text": "something that has not happened many"}, {"start": "00:00:35", "end": "00:00:39", "text": "times at all. And I'm talking it's only"}, {"start": "00:00:37", "end": "00:00:42", "text": "happened two or three times before, and"}, {"start": "00:00:39", "end": "00:00:43", "text": "it has marked the bottom. So, be"}, {"start": "00:00:42", "end": "00:00:46", "text": "prepared for everything. Please manage"}, {"start": "00:00:43", "end": "00:00:48", "text": "your risk. Before we even start this and"}, {"start": "00:00:46", "end": "00:00:49", "text": "get into what is going on on this"}, {"start": "00:00:48", "end": "00:00:52", "text": "altcoin market cap chart, I just want to"}, {"start": "00:00:49", "end": "00:00:55", "text": "mention something to you. It's not just"}, {"start": "00:00:52", "end": "00:00:58", "text": "that if we look at the S&P 500 as it's"}, {"start": "00:00:55", "end": "00:01:00", "text": "in price discovery all-time high in a"}, {"start": "00:00:58", "end": "00:01:03", "text": "similar way that it was in price"}, {"start": "00:01:00", "end": "00:01:07", "text": "discovery all-time high 154 days"}, {"start": "00:01:03", "end": "00:01:09", "text": "postquantitative tightening in 2019 were"}, {"start": "00:01:07", "end": "00:01:13", "text": "151 days postquantitative tightening in"}, {"start": "00:01:09", "end": "00:01:14", "text": "2026 crypto's doing terrible S&Ps in"}, {"start": "00:01:13", "end": "00:01:16", "text": "price discovery. It's not only just"}, {"start": "00:01:14", "end": "00:01:19", "text": "that. This is exactly what happened"}, {"start": "00:01:16", "end": "00:01:21", "text": "before. It's not only just that PMI has"}, {"start": "00:01:19", "end": "00:01:23", "text": "just gone into expansion and this has"}, {"start": "00:01:21", "end": "00:01:25", "text": "kicked off every single crypto bull"}, {"start": "00:01:23", "end": "00:01:27", "text": "market and this is after years of"}, {"start": "00:01:25", "end": "00:01:29", "text": "record-breaking contraction. It's not"}, {"start": "00:01:27", "end": "00:01:31", "text": "just that copper and gold and even as I"}, {"start": "00:01:29", "end": "00:01:34", "text": "do this video continuing to make a move"}, {"start": "00:01:31", "end": "00:01:37", "text": "to the upside and this has marked every"}, {"start": "00:01:34", "end": "00:01:40", "text": "crypto bull run, this beginning move"}, {"start": "00:01:37", "end": "00:01:42", "text": "alongside the PMI business cycle. It's"}, {"start": "00:01:40", "end": "00:01:45", "text": "not just Russell breaking Russell 2000"}, {"start": "00:01:42", "end": "00:01:47", "text": "breaking into all-time high territory"}, {"start": "00:01:45", "end": "00:01:50", "text": "that this has preceded cryptobull runs."}, {"start": "00:01:47", "end": "00:01:52", "text": "It's not just that others BTC has been"}, {"start": "00:01:50", "end": "00:01:54", "text": "bottoming out and ranging sideways for"}, {"start": "00:01:52", "end": "00:01:57", "text": "over a year and this has marked"}, {"start": "00:01:54", "end": "00:02:00", "text": "pre-bullrun areas. It's not just that"}, {"start": "00:01:57", "end": "00:02:02", "text": "ple multiple over here and this is kind"}, {"start": "00:02:00", "end": "00:02:05", "text": "of measuring the profit or loss that"}, {"start": "00:02:02", "end": "00:02:07", "text": "miners are in. And it's not just that"}, {"start": "00:02:05", "end": "00:02:09", "text": "this is in bottoming territory."}, {"start": "00:02:07", "end": "00:02:12", "text": "bottoming territory that we've always"}, {"start": "00:02:09", "end": "00:02:15", "text": "seen in previous cycle lows. It's not"}, {"start": "00:02:12", "end": "00:02:18", "text": "just that long-term holder MVRV is also"}, {"start": "00:02:15", "end": "00:02:20", "text": "in an accumulation zone in terms of"}, {"start": "00:02:18", "end": "00:02:22", "text": "long-term holders and what their"}, {"start": "00:02:20", "end": "00:02:24", "text": "basically profit losses are looking"}, {"start": "00:02:22", "end": "00:02:26", "text": "like. We are an accumulation zone. We"}, {"start": "00:02:24", "end": "00:02:28", "text": "are an accumulation zone that we've"}, {"start": "00:02:26", "end": "00:02:30", "text": "always been in every single bottom. Each"}, {"start": "00:02:28", "end": "00:02:33", "text": "time has lasted longer or shorter, but"}, {"start": "00:02:30", "end": "00:02:35", "text": "we're there. It's not just those things,"}, {"start": "00:02:33", "end": "00:02:38", "text": "but it's also this. This is the altcoin"}, {"start": "00:02:35", "end": "00:02:40", "text": "market cap chart. This chart on the"}, {"start": "00:02:38", "end": "00:02:42", "text": "daily looks messy as I started. What I"}, {"start": "00:02:40", "end": "00:02:43", "text": "want to show you is this because I was I"}, {"start": "00:02:42", "end": "00:02:45", "text": "was looking at it and I was like, \"All"}, {"start": "00:02:43", "end": "00:02:46", "text": "right, I I was going to do analysis on"}, {"start": "00:02:45", "end": "00:02:48", "text": "the daily chart because I was just"}, {"start": "00:02:46", "end": "00:02:50", "text": "curious."}, {"start": "00:02:48", "end": "00:02:52", "text": "The 200 day moving average important in"}, {"start": "00:02:50", "end": "00:02:55", "text": "terms of trends in in terms of trend"}, {"start": "00:02:52", "end": "00:02:57", "text": "reversals and it is always the question"}, {"start": "00:02:55", "end": "00:03:00", "text": "like when you're in a downtrend, right?"}, {"start": "00:02:57", "end": "00:03:01", "text": "This altcoin market cap has been in a"}, {"start": "00:03:00", "end": "00:03:03", "text": "clear downtrend. When you're in a"}, {"start": "00:03:01", "end": "00:03:07", "text": "downtrend, here's the last bare market"}, {"start": "00:03:03", "end": "00:03:08", "text": "like capitulation."}, {"start": "00:03:07", "end": "00:03:11", "text": "The question is, how long is that going"}, {"start": "00:03:08", "end": "00:03:13", "text": "to last before it just, you know, pivots"}, {"start": "00:03:11", "end": "00:03:16", "text": "and turns around? Here's the 2018 bare"}, {"start": "00:03:13", "end": "00:03:18", "text": "market all the way back here. And I was"}, {"start": "00:03:16", "end": "00:03:19", "text": "having trouble kind of just being like,"}, {"start": "00:03:18", "end": "00:03:21", "text": "all right, well, obviously we want to"}, {"start": "00:03:19", "end": "00:03:23", "text": "get back above the 200. What could that"}, {"start": "00:03:21", "end": "00:03:27", "text": "journey look like? How far in of this"}, {"start": "00:03:23", "end": "00:03:28", "text": "move are we? And I went to the weekly"}, {"start": "00:03:27", "end": "00:03:31", "text": "chart and this is where we're going to"}, {"start": "00:03:28", "end": "00:03:33", "text": "get clarity because by the way the"}, {"start": "00:03:31", "end": "00:03:34", "text": "question is you can see this kind of"}, {"start": "00:03:33", "end": "00:03:37", "text": "resistance at the 200 day. We didn't"}, {"start": "00:03:34", "end": "00:03:40", "text": "even hit it. It's kind of like man is it"}, {"start": "00:03:37", "end": "00:03:42", "text": "similar to right here August 2022 and"}, {"start": "00:03:40", "end": "00:03:45", "text": "and in terms of like a structured setup"}, {"start": "00:03:42", "end": "00:03:46", "text": "right and you can just see we didn't hit"}, {"start": "00:03:45", "end": "00:03:49", "text": "the 200 but we just kind of went lower"}, {"start": "00:03:46", "end": "00:03:52", "text": "for for a lot longer. Is it similar to"}, {"start": "00:03:49", "end": "00:03:54", "text": "that? And I went to the weekly chart and"}, {"start": "00:03:52", "end": "00:03:56", "text": "I got immediate clarity because and it's"}, {"start": "00:03:54", "end": "00:03:57", "text": "very similar to a Bitcoin indicator"}, {"start": "00:03:56", "end": "00:04:00", "text": "that's firing right now as well. But"}, {"start": "00:03:57", "end": "00:04:01", "text": "first off, if you just look at altcoin"}, {"start": "00:04:00", "end": "00:04:05", "text": "market cap chart, this chart that we are"}, {"start": "00:04:01", "end": "00:04:07", "text": "on on the weekly, there have only been"}, {"start": "00:04:05", "end": "00:04:10", "text": "look, there have only been two times on"}, {"start": "00:04:07", "end": "00:04:12", "text": "this chart where we have been this"}, {"start": "00:04:10", "end": "00:04:14", "text": "oversold. 2018,"}, {"start": "00:04:12", "end": "00:04:18", "text": "2022,"}, {"start": "00:04:14", "end": "00:04:20", "text": "and now most recently March of 2026."}, {"start": "00:04:18", "end": "00:04:22", "text": "very recently. But it's not even just"}, {"start": "00:04:20", "end": "00:04:24", "text": "that. When we're trying to get kind of"}, {"start": "00:04:22", "end": "00:04:25", "text": "an understanding, all right, well, in"}, {"start": "00:04:24", "end": "00:04:27", "text": "terms of the momentum move to the"}, {"start": "00:04:25", "end": "00:04:29", "text": "downside, where is this? Like, what are"}, {"start": "00:04:27", "end": "00:04:32", "text": "we? What's the setup? If we go back to"}, {"start": "00:04:29", "end": "00:04:35", "text": "the weekly, it does become clear, and"}, {"start": "00:04:32", "end": "00:04:38", "text": "that is the move that we had back here,"}, {"start": "00:04:35", "end": "00:04:41", "text": "this swing low on the RSI to this lower"}, {"start": "00:04:38", "end": "00:04:45", "text": "low here. If we look at this time"}, {"start": "00:04:41", "end": "00:04:47", "text": "around, the swing low on the RSI, right,"}, {"start": "00:04:45", "end": "00:04:50", "text": "was right here in terms of price. and"}, {"start": "00:04:47", "end": "00:04:52", "text": "then the lower low here. So in terms of"}, {"start": "00:04:50", "end": "00:04:54", "text": "price action and the bullish divergence"}, {"start": "00:04:52", "end": "00:04:57", "text": "on the momentum oscillators, this chart"}, {"start": "00:04:54", "end": "00:05:00", "text": "right now is more kind of like right"}, {"start": "00:04:57", "end": "00:05:01", "text": "here. And I do want to just want I I"}, {"start": "00:05:00", "end": "00:05:05", "text": "want to say this. This is incredibly"}, {"start": "00:05:01", "end": "00:05:08", "text": "important. This move to the downside"}, {"start": "00:05:05", "end": "00:05:10", "text": "might not be over in the midst of this"}, {"start": "00:05:08", "end": "00:05:14", "text": "bullish divergence. This is a weekly"}, {"start": "00:05:10", "end": "00:05:17", "text": "bullish divergence. That is to say,"}, {"start": "00:05:14", "end": "00:05:19", "text": "price could go even lower and we still"}, {"start": "00:05:17", "end": "00:05:22", "text": "might even have a higher low on the RSI,"}, {"start": "00:05:19", "end": "00:05:24", "text": "right? We could be mid July, price has"}, {"start": "00:05:22", "end": "00:05:26", "text": "gone lower and we're still putting in"}, {"start": "00:05:24", "end": "00:05:28", "text": "bullish divergence on the on the RSI"}, {"start": "00:05:26", "end": "00:05:31", "text": "here. So, be very careful. That's why I"}, {"start": "00:05:28", "end": "00:05:34", "text": "I am not going to sit here and say the"}, {"start": "00:05:31", "end": "00:05:35", "text": "bottom is in. But all of these things,"}, {"start": "00:05:34", "end": "00:05:38", "text": "and this is a quick video on your"}, {"start": "00:05:35", "end": "00:05:39", "text": "Saturday. This is a beautiful Saturday"}, {"start": "00:05:38", "end": "00:05:43", "text": "out there. I'm not going to make this"}, {"start": "00:05:39", "end": "00:05:46", "text": "long. all of these things, the the S&P"}, {"start": "00:05:43", "end": "00:05:48", "text": "500, the US um I'm sorry, the PMI"}, {"start": "00:05:46", "end": "00:05:51", "text": "business cycle, copper versus gold,"}, {"start": "00:05:48", "end": "00:05:52", "text": "Russell 2000, others BTC, onchain"}, {"start": "00:05:51", "end": "00:05:55", "text": "indicators like fuel multiple, long-term"}, {"start": "00:05:52", "end": "00:05:57", "text": "holder, MVRV, all of these things. It's"}, {"start": "00:05:55", "end": "00:06:00", "text": "not just all of these things, and"}, {"start": "00:05:57", "end": "00:06:04", "text": "there's so many more, but it's also just"}, {"start": "00:06:00", "end": "00:06:08", "text": "this. And it could go lower and we could"}, {"start": "00:06:04", "end": "00:06:09", "text": "put in a a even lower swing low and we"}, {"start": "00:06:08", "end": "00:06:11", "text": "could still have bullish divergence even"}, {"start": "00:06:09", "end": "00:06:13", "text": "if it happened in the coming weeks or"}, {"start": "00:06:11", "end": "00:06:16", "text": "even the next month. But what I am"}, {"start": "00:06:13", "end": "00:06:18", "text": "saying everybody is if you are out there"}, {"start": "00:06:16", "end": "00:06:20", "text": "and you are managing your risk properly"}, {"start": "00:06:18", "end": "00:06:23", "text": "where you're like, \"Okay, I'm in the"}, {"start": "00:06:20", "end": "00:06:26", "text": "game, dude.\" Because we've only seen all"}, {"start": "00:06:23", "end": "00:06:28", "text": "of these bottom indicators and pre-bull"}, {"start": "00:06:26", "end": "00:06:31", "text": "market indicators come together like not"}, {"start": "00:06:28", "end": "00:06:33", "text": "even a handful of times really and it's"}, {"start": "00:06:31", "end": "00:06:36", "text": "happening now. I just want to be"}, {"start": "00:06:33", "end": "00:06:38", "text": "prepared for upside in case this happens"}, {"start": "00:06:36", "end": "00:06:42", "text": "in case in case the bottom is in now or"}, {"start": "00:06:38", "end": "00:06:47", "text": "even if it's in Q4. You just want to be"}, {"start": "00:06:42", "end": "00:06:51", "text": "macro prepared that crypto is going to"}, {"start": "00:06:47", "end": "00:06:52", "text": "expand, enter some type of bull run. You"}, {"start": "00:06:51", "end": "00:06:54", "text": "just want to be prepared, but at the"}, {"start": "00:06:52", "end": "00:06:55", "text": "same time, you're prepared for more"}, {"start": "00:06:54", "end": "00:06:58", "text": "downside. At the same time, you're"}, {"start": "00:06:55", "end": "00:07:00", "text": "prepared for a Q4 bottom. And you're"}, {"start": "00:06:58", "end": "00:07:02", "text": "prepared for at the end of the day for"}, {"start": "00:07:00", "end": "00:07:04", "text": "me, the worst of the worst where a lot"}, {"start": "00:07:02", "end": "00:07:05", "text": "of people, so many people are pivoting"}, {"start": "00:07:04", "end": "00:07:07", "text": "from crypto because they just think it's"}, {"start": "00:07:05", "end": "00:07:09", "text": "game over. You're prepared for that,"}, {"start": "00:07:07", "end": "00:07:10", "text": "too. But I'm just saying I want to give"}, {"start": "00:07:09", "end": "00:07:13", "text": "these I wanted to give you these"}, {"start": "00:07:10", "end": "00:07:15", "text": "indicators, but I wanted to do it again"}, {"start": "00:07:13", "end": "00:07:19", "text": "at the confluence of this new kind of"}, {"start": "00:07:15", "end": "00:07:22", "text": "chart on the daily um and the weekly"}, {"start": "00:07:19", "end": "00:07:24", "text": "combo of the altcoin market cap chart"}, {"start": "00:07:22", "end": "00:07:26", "text": "because there is a similar bullish"}, {"start": "00:07:24", "end": "00:07:27", "text": "divergence happening on Bitcoin. But"}, {"start": "00:07:26", "end": "00:07:30", "text": "what I think is interesting in terms of"}, {"start": "00:07:27", "end": "00:07:32", "text": "altcoins is, you know, it's altcoins."}, {"start": "00:07:30", "end": "00:07:34", "text": "It's everything excluding Bitcoin. These"}, {"start": "00:07:32", "end": "00:07:36", "text": "this is the market that has not really"}, {"start": "00:07:34", "end": "00:07:39", "text": "had that bull run that we've wanted to"}, {"start": "00:07:36", "end": "00:07:42", "text": "see. And in my opinion, that is because"}, {"start": "00:07:39", "end": "00:07:44", "text": "of this recordbreaking"}, {"start": "00:07:42", "end": "00:07:46", "text": "suppression of the business cycle"}, {"start": "00:07:44", "end": "00:07:48", "text": "because you know that the correlation of"}, {"start": "00:07:46", "end": "00:07:50", "text": "all coins and this business cycle in"}, {"start": "00:07:48", "end": "00:07:52", "text": "green is insane. And if this is going to"}, {"start": "00:07:50", "end": "00:07:55", "text": "start expanding and we get a"}, {"start": "00:07:52", "end": "00:07:56", "text": "productivity boom, I'm just saying at"}, {"start": "00:07:55", "end": "00:07:58", "text": "the confluence of all of these"}, {"start": "00:07:56", "end": "00:08:00", "text": "indicators that I just went through so"}, {"start": "00:07:58", "end": "00:08:02", "text": "quickly, that's insane to me. I'm"}, {"start": "00:08:00", "end": "00:08:07", "text": "talking about and there's way more but 1"}, {"start": "00:08:02", "end": "00:08:08", "text": "2 3 four five six seven very quick"}, {"start": "00:08:07", "end": "00:08:11", "text": "indicators"}, {"start": "00:08:08", "end": "00:08:14", "text": "across you know different landscapes by"}, {"start": "00:08:11", "end": "00:08:18", "text": "the way seven seven things that have"}, {"start": "00:08:14", "end": "00:08:20", "text": "marked the pre-bull run area S&P 500 in"}, {"start": "00:08:18", "end": "00:08:22", "text": "price discovery why crypto looks"}, {"start": "00:08:20", "end": "00:08:25", "text": "terrible PMI business cycle expanding"}, {"start": "00:08:22", "end": "00:08:27", "text": "copper versus gold expanding with PMI"}, {"start": "00:08:25", "end": "00:08:29", "text": "this has preceded crypto bull runs"}, {"start": "00:08:27", "end": "00:08:32", "text": "Russell 2000 going into price discovery"}, {"start": "00:08:29", "end": "00:08:33", "text": "others BTC ranging for over a year and"}, {"start": "00:08:32", "end": "00:08:36", "text": "getting ready to break a multi-year"}, {"start": "00:08:33", "end": "00:08:38", "text": "trend. Pule multiple in this bottoming"}, {"start": "00:08:36", "end": "00:08:40", "text": "out territory that has marked previous"}, {"start": "00:08:38", "end": "00:08:42", "text": "bottoms. Long-term holder MVRV in this"}, {"start": "00:08:40", "end": "00:08:44", "text": "bottoming out territory that has marked"}, {"start": "00:08:42", "end": "00:08:46", "text": "bottoms. I'm not saying the bottom is"}, {"start": "00:08:44", "end": "00:08:49", "text": "in. We could go lower. We just saw it on"}, {"start": "00:08:46", "end": "00:08:51", "text": "the charts. But the macro bottom is"}, {"start": "00:08:49", "end": "00:08:53", "text": "looking incredible in terms of"}, {"start": "00:08:51", "end": "00:08:55", "text": "opportunity for the crypto space. And if"}, {"start": "00:08:53", "end": "00:08:57", "text": "you're balancing your risk properly, I"}, {"start": "00:08:55", "end": "00:09:00", "text": "think that is all you have to do to get"}, {"start": "00:08:57", "end": "00:09:02", "text": "into position and be prepared in kind of"}, {"start": "00:09:00", "end": "00:09:04", "text": "a comfortable type of way. So these are"}, {"start": "00:09:02", "end": "00:09:05", "text": "my thoughts today, everybody. I wanted"}, {"start": "00:09:04", "end": "00:09:06", "text": "to share it with you. I hope you have a"}, {"start": "00:09:05", "end": "00:09:08", "text": "beautiful weekend. If you're not a"}, {"start": "00:09:06", "end": "00:09:12", "text": "subscriber, please subscribe. I will see"}, {"start": "00:09:08", "end": "00:09:12", "text": "you in the next video. God bless."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "21st just a few weeks ago. Bitcoin at"}, {"start": "00:00:02", "end": "00:00:05", "text": "$77,000. Look at this. What if the"}, {"start": "00:00:04", "end": "00:00:09", "text": "bottom actually looks like something"}, {"start": "00:00:05", "end": "00:00:11", "text": "like this? We actually had 20 two 200"}, {"start": "00:00:09", "end": "00:00:14", "text": "day moving average resistance. It went"}, {"start": "00:00:11", "end": "00:00:16", "text": "to a bearish move to upper 50s, but we"}, {"start": "00:00:14", "end": "00:00:18", "text": "bottom in the end of June or July and"}, {"start": "00:00:16", "end": "00:00:19", "text": "then we're bouncing out of that. That"}, {"start": "00:00:18", "end": "00:00:22", "text": "would be like something most people are"}, {"start": "00:00:19", "end": "00:00:23", "text": "anticipating because that would look"}, {"start": "00:00:22", "end": "00:00:27", "text": "completely different at the end of the"}, {"start": "00:00:23", "end": "00:00:29", "text": "day than this insane bare market move."}, {"start": "00:00:27", "end": "00:00:31", "text": "And now that that exact move has"}, {"start": "00:00:29", "end": "00:00:33", "text": "happened, my business cycle theory is"}, {"start": "00:00:31", "end": "00:00:35", "text": "being tested at the same exact time"}, {"start": "00:00:33", "end": "00:00:38", "text": "where your cycle theory is being"}, {"start": "00:00:35", "end": "00:00:42", "text": "pressured. And now is the time that we"}, {"start": "00:00:38", "end": "00:00:42", "text": "see what happens next."}, {"start": "00:00:44", "end": "00:00:47", "text": "What's up everyone? Welcome to Crypto"}, {"start": "00:00:45", "end": "00:00:48", "text": "Capital Venture. Hit the subscribe on"}, {"start": "00:00:47", "end": "00:00:51", "text": "the way in for the very best crypto"}, {"start": "00:00:48", "end": "00:00:53", "text": "technical analysis and news. So, that"}, {"start": "00:00:51", "end": "00:00:56", "text": "was a video back in like May when we"}, {"start": "00:00:53", "end": "00:00:57", "text": "were discussing just the the breakout to"}, {"start": "00:00:56", "end": "00:01:00", "text": "the downside for Bitcoin that was very"}, {"start": "00:00:57", "end": "00:01:02", "text": "much in play. You can see that wedge"}, {"start": "00:01:00", "end": "00:01:04", "text": "right there or the the the channel that"}, {"start": "00:01:02", "end": "00:01:06", "text": "Bitcoin was trading in. We were"}, {"start": "00:01:04", "end": "00:01:08", "text": "discussing the potential for the break"}, {"start": "00:01:06", "end": "00:01:10", "text": "to the downside. One thing I want to"}, {"start": "00:01:08", "end": "00:01:14", "text": "mention in that video I mentioned in"}, {"start": "00:01:10", "end": "00:01:18", "text": "that clip, you you heard me say"}, {"start": "00:01:14", "end": "00:01:20", "text": "mid June or end of June, July, and this"}, {"start": "00:01:18", "end": "00:01:21", "text": "happened a lot quicker than that. I"}, {"start": "00:01:20", "end": "00:01:25", "text": "mean, Bitcoin and crypto just fell off"}, {"start": "00:01:21", "end": "00:01:27", "text": "another cliff. So, this wick into the"}, {"start": "00:01:25", "end": "00:01:29", "text": "upper 50s, which was essentially the"}, {"start": "00:01:27", "end": "00:01:31", "text": "target in that video, this happened on"}, {"start": "00:01:29", "end": "00:01:34", "text": "June 5th, the beginning of June. So,"}, {"start": "00:01:31", "end": "00:01:37", "text": "crypto moving at a quicker pace in"}, {"start": "00:01:34", "end": "00:01:39", "text": "volatility than even we're we're mostly"}, {"start": "00:01:37", "end": "00:01:42", "text": "used to. Oftent times, we get kind of"}, {"start": "00:01:39", "end": "00:01:44", "text": "like, you know, a a dip and then, you"}, {"start": "00:01:42", "end": "00:01:46", "text": "know, a fake out to the upside and it"}, {"start": "00:01:44", "end": "00:01:48", "text": "just like lasts longer. This was very"}, {"start": "00:01:46", "end": "00:01:51", "text": "fast and this has kind of continually"}, {"start": "00:01:48", "end": "00:01:53", "text": "been happening right going back if you"}, {"start": "00:01:51", "end": "00:01:56", "text": "remember to November and then obviously"}, {"start": "00:01:53", "end": "00:01:58", "text": "many of you remember October 10th these"}, {"start": "00:01:56", "end": "00:02:00", "text": "huge massive dips to the downside have"}, {"start": "00:01:58", "end": "00:02:02", "text": "been been happening very quickly. With"}, {"start": "00:02:00", "end": "00:02:04", "text": "that being said, here we are. What's the"}, {"start": "00:02:02", "end": "00:02:06", "text": "test? So here's the test. It actually"}, {"start": "00:02:04", "end": "00:02:09", "text": "starts on the monthly. It starts on the"}, {"start": "00:02:06", "end": "00:02:11", "text": "weekly and we're there now because there"}, {"start": "00:02:09", "end": "00:02:14", "text": "are people that are just like fouryear"}, {"start": "00:02:11", "end": "00:02:15", "text": "cycle. We bottom on Q4 and that's the"}, {"start": "00:02:14", "end": "00:02:17", "text": "that's the end of the story. nothing"}, {"start": "00:02:15", "end": "00:02:19", "text": "else matters. And then there's people"}, {"start": "00:02:17", "end": "00:02:22", "text": "like me where I've been just overlaying,"}, {"start": "00:02:19", "end": "00:02:23", "text": "you know, the PMI, the business cycle,"}, {"start": "00:02:22", "end": "00:02:26", "text": "talking about what the Fed is doing,"}, {"start": "00:02:23", "end": "00:02:28", "text": "talking about liquidity and quantitative"}, {"start": "00:02:26", "end": "00:02:32", "text": "tightening and all these things and how"}, {"start": "00:02:28", "end": "00:02:33", "text": "that has really prolonged the crypto"}, {"start": "00:02:32", "end": "00:02:36", "text": "bull market that everybody is waiting"}, {"start": "00:02:33", "end": "00:02:38", "text": "for, right? And so with that being said,"}, {"start": "00:02:36", "end": "00:02:41", "text": "we are at the we're at the test now. So"}, {"start": "00:02:38", "end": "00:02:42", "text": "this move to the downside was a very big"}, {"start": "00:02:41", "end": "00:02:45", "text": "move, not because of what happened on"}, {"start": "00:02:42", "end": "00:02:48", "text": "this daily chart. It was a big move"}, {"start": "00:02:45", "end": "00:02:49", "text": "because of how it translates on the"}, {"start": "00:02:48", "end": "00:02:51", "text": "weekly and monthly charts. Let me"}, {"start": "00:02:49", "end": "00:02:53", "text": "explain that. I'll start with the"}, {"start": "00:02:51", "end": "00:02:56", "text": "monthly and I will explain to you very"}, {"start": "00:02:53", "end": "00:02:58", "text": "quickly why now is the time. Like we're"}, {"start": "00:02:56", "end": "00:03:01", "text": "going to find out one way or another. If"}, {"start": "00:02:58", "end": "00:03:03", "text": "this certain move happens on Bitcoin"}, {"start": "00:03:01", "end": "00:03:06", "text": "warrior cycle is not going to be looking"}, {"start": "00:03:03", "end": "00:03:08", "text": "very good if this happens. And I want to"}, {"start": "00:03:06", "end": "00:03:10", "text": "show you what that move is. So here's"}, {"start": "00:03:08", "end": "00:03:13", "text": "Bitcoin on the monthly chart. It's the"}, {"start": "00:03:10", "end": "00:03:16", "text": "50-month moving average touch. What I"}, {"start": "00:03:13", "end": "00:03:19", "text": "want to just point out to you is last"}, {"start": "00:03:16", "end": "00:03:22", "text": "cycle or you know in 2022 bottom we fell"}, {"start": "00:03:19", "end": "00:03:24", "text": "below that area. It's very easy for"}, {"start": "00:03:22", "end": "00:03:26", "text": "people because this is what many people"}, {"start": "00:03:24", "end": "00:03:29", "text": "I think do they just take this fractal"}, {"start": "00:03:26", "end": "00:03:31", "text": "and they're like hey here we go it's"}, {"start": "00:03:29", "end": "00:03:32", "text": "going to happen again happened last in"}, {"start": "00:03:31", "end": "00:03:34", "text": "2022."}, {"start": "00:03:32", "end": "00:03:37", "text": "But if you just go back to the previous"}, {"start": "00:03:34", "end": "00:03:39", "text": "cycle that was the bottom. The 50-month"}, {"start": "00:03:37", "end": "00:03:40", "text": "moving average was the bottom. And if"}, {"start": "00:03:39", "end": "00:03:42", "text": "you go to the previous cycle, that was"}, {"start": "00:03:40", "end": "00:03:45", "text": "even different than both because this is"}, {"start": "00:03:42", "end": "00:03:47", "text": "kind of probably more of like a sideways"}, {"start": "00:03:45", "end": "00:03:50", "text": "bottom. So this this was the bottom"}, {"start": "00:03:47", "end": "00:03:54", "text": "right here, but it was sideways. 2022"}, {"start": "00:03:50", "end": "00:03:56", "text": "was down lower for months. 2018 was just"}, {"start": "00:03:54", "end": "00:03:58", "text": "legit the bottom. And here we are now."}, {"start": "00:03:56", "end": "00:04:01", "text": "This fourth time, I don't know which"}, {"start": "00:03:58", "end": "00:04:03", "text": "which one it will reflect the most. But"}, {"start": "00:04:01", "end": "00:04:05", "text": "what I do know is that 50-month moving"}, {"start": "00:04:03", "end": "00:04:07", "text": "average, that is a screaming indicator."}, {"start": "00:04:05", "end": "00:04:09", "text": "You don't have to look at anything. I"}, {"start": "00:04:07", "end": "00:04:12", "text": "look at like a ridiculously"}, {"start": "00:04:09", "end": "00:04:13", "text": "high amount of indicators and data"}, {"start": "00:04:12", "end": "00:04:15", "text": "points and macro analytics and"}, {"start": "00:04:13", "end": "00:04:16", "text": "everything. All you have to do is look"}, {"start": "00:04:15", "end": "00:04:19", "text": "at this chart and be like, you know"}, {"start": "00:04:16", "end": "00:04:22", "text": "what, if you're thinking crypto is"}, {"start": "00:04:19", "end": "00:04:24", "text": "looking good in the long term, we have"}, {"start": "00:04:22", "end": "00:04:26", "text": "reached the 50-month moving average once"}, {"start": "00:04:24", "end": "00:04:28", "text": "again. And notice we almost kind of"}, {"start": "00:04:26", "end": "00:04:30", "text": "touched it back here in February. So,"}, {"start": "00:04:28", "end": "00:04:32", "text": "we've already been kind of bottoming at"}, {"start": "00:04:30", "end": "00:04:34", "text": "the 50-month. This has been just a"}, {"start": "00:04:32", "end": "00:04:38", "text": "bottom indicator. Whether it's, you"}, {"start": "00:04:34", "end": "00:04:41", "text": "know, months of d down downwards price"}, {"start": "00:04:38", "end": "00:04:44", "text": "action or just it's the bottom or it's"}, {"start": "00:04:41", "end": "00:04:46", "text": "sideways. This is a bottom indicator."}, {"start": "00:04:44", "end": "00:04:48", "text": "We're about to get our answer. I really"}, {"start": "00:04:46", "end": "00:04:50", "text": "think so. And I think on the weekly"}, {"start": "00:04:48", "end": "00:04:52", "text": "chart, it becomes even more"}, {"start": "00:04:50", "end": "00:04:54", "text": "demonstrated. So on this weekly chart, I"}, {"start": "00:04:52", "end": "00:04:56", "text": "talked about this I think in a previous"}, {"start": "00:04:54", "end": "00:04:59", "text": "video that is or on a post on X"}, {"start": "00:04:56", "end": "00:05:01", "text": "reclaiming the 20week moving average."}, {"start": "00:04:59", "end": "00:05:03", "text": "That is such a big deal. I think if that"}, {"start": "00:05:01", "end": "00:05:04", "text": "happens and I want to really go through"}, {"start": "00:05:03", "end": "00:05:07", "text": "this now. This was really the main"}, {"start": "00:05:04", "end": "00:05:09", "text": "purpose of this video. If that green"}, {"start": "00:05:07", "end": "00:05:13", "text": "line, the 20week moving average gets"}, {"start": "00:05:09", "end": "00:05:15", "text": "broken and specifically if Bitcoin"}, {"start": "00:05:13", "end": "00:05:18", "text": "actually breaks above it and starts"}, {"start": "00:05:15", "end": "00:05:20", "text": "testing the 50we I think at that moment"}, {"start": "00:05:18", "end": "00:05:25", "text": "the whole four-year cycle"}, {"start": "00:05:20", "end": "00:05:29", "text": "bottom at in Q4. I think at that moment"}, {"start": "00:05:25", "end": "00:05:32", "text": "it becomes very close to invalidated if"}, {"start": "00:05:29", "end": "00:05:33", "text": "not invalidated. And I want to just kind"}, {"start": "00:05:32", "end": "00:05:35", "text": "of paint you a picture why I think that"}, {"start": "00:05:33", "end": "00:05:38", "text": "is. And by the way, you can notice the"}, {"start": "00:05:35", "end": "00:05:40", "text": "PMI line across these cycles. And this"}, {"start": "00:05:38", "end": "00:05:42", "text": "is this is really a huge part of my"}, {"start": "00:05:40", "end": "00:05:45", "text": "thesis for crypto. You can see how"}, {"start": "00:05:42", "end": "00:05:47", "text": "crypto has been following the PMI"}, {"start": "00:05:45", "end": "00:05:49", "text": "cycles, the business cycles. But let me"}, {"start": "00:05:47", "end": "00:05:51", "text": "remove this so we can do some analysis"}, {"start": "00:05:49", "end": "00:05:53", "text": "on this point about the 20week moving"}, {"start": "00:05:51", "end": "00:05:54", "text": "average. So, here we are right now."}, {"start": "00:05:53", "end": "00:05:56", "text": "We're not there yet, by the way. Right."}, {"start": "00:05:54", "end": "00:05:59", "text": "So, we still need to test that area,"}, {"start": "00:05:56", "end": "00:06:01", "text": "70,000. We could make a nice move to"}, {"start": "00:05:59", "end": "00:06:02", "text": "that area, be rejected, and go lower,"}, {"start": "00:06:01", "end": "00:06:05", "text": "and this could trickle down into the"}, {"start": "00:06:02", "end": "00:06:08", "text": "into Q4. I don't I absolutely have"}, {"start": "00:06:05", "end": "00:06:09", "text": "respect for four-year cycle people. I'm"}, {"start": "00:06:08", "end": "00:06:11", "text": "not sitting here talking trash or saying"}, {"start": "00:06:09", "end": "00:06:14", "text": "it's wrong. It's not going to happen. It"}, {"start": "00:06:11", "end": "00:06:15", "text": "could happen. And I want to I want to"}, {"start": "00:06:14", "end": "00:06:18", "text": "keep that in mind. But I do want to look"}, {"start": "00:06:15", "end": "00:06:20", "text": "at indicators for your cycle or not, as"}, {"start": "00:06:18", "end": "00:06:22", "text": "we are evaluating the bottom. I I think"}, {"start": "00:06:20", "end": "00:06:24", "text": "to many of you maybe doesn't even"}, {"start": "00:06:22", "end": "00:06:25", "text": "matter, but as we're evaluating the"}, {"start": "00:06:24", "end": "00:06:28", "text": "bottom, these are just really strong"}, {"start": "00:06:25", "end": "00:06:30", "text": "indicators for macro reversal that we"}, {"start": "00:06:28", "end": "00:06:33", "text": "want to watch. And it's a 20week moving"}, {"start": "00:06:30", "end": "00:06:36", "text": "average. It's around 71 $72,000. If you"}, {"start": "00:06:33", "end": "00:06:38", "text": "go back here to this bottom in 2022"}, {"start": "00:06:36", "end": "00:06:40", "text": "where by the by the way, we had similar"}, {"start": "00:06:38", "end": "00:06:42", "text": "bullish divergence. We have this lower"}, {"start": "00:06:40", "end": "00:06:44", "text": "low on price and if you open up the RSI,"}, {"start": "00:06:42", "end": "00:06:46", "text": "you can see the higher low. We've been"}, {"start": "00:06:44", "end": "00:06:48", "text": "talking about that very similar bullish"}, {"start": "00:06:46", "end": "00:06:50", "text": "divergence. We're in the same setup"}, {"start": "00:06:48", "end": "00:06:54", "text": "right now, but that 20week moving"}, {"start": "00:06:50", "end": "00:06:55", "text": "average being broken at the end of that"}, {"start": "00:06:54", "end": "00:06:58", "text": "divergence. We're We could be at the end"}, {"start": "00:06:55", "end": "00:07:00", "text": "of this divergence. If Bitcoin breaks"}, {"start": "00:06:58", "end": "00:07:02", "text": "the 20week moving average, back then it"}, {"start": "00:07:00", "end": "00:07:05", "text": "was $18,500"}, {"start": "00:07:02", "end": "00:07:07", "text": "or so, that's a huge move. And the"}, {"start": "00:07:05", "end": "00:07:09", "text": "bottom was in everybody. The bottom was"}, {"start": "00:07:07", "end": "00:07:12", "text": "in. And you notice what Bitcoin did. It"}, {"start": "00:07:09", "end": "00:07:14", "text": "made the move to the 50month or the 50we"}, {"start": "00:07:12", "end": "00:07:17", "text": "and then it got rejected and tested the"}, {"start": "00:07:14", "end": "00:07:19", "text": "20we and continued higher. So this is"}, {"start": "00:07:17", "end": "00:07:22", "text": "why I'm saying if Bitcoin makes the move"}, {"start": "00:07:19", "end": "00:07:25", "text": "through the 20we to the 50WE,"}, {"start": "00:07:22", "end": "00:07:27", "text": "the the structural setup and even"}, {"start": "00:07:25", "end": "00:07:31", "text": "momentum shift on Bitcoin will be so"}, {"start": "00:07:27", "end": "00:07:32", "text": "similar to what happened back here. And"}, {"start": "00:07:31", "end": "00:07:35", "text": "what are the chances that that's going"}, {"start": "00:07:32", "end": "00:07:36", "text": "to play out exactly the same? I'm not"}, {"start": "00:07:35", "end": "00:07:38", "text": "sitting here saying that that exact"}, {"start": "00:07:36", "end": "00:07:39", "text": "reflection is going to happen, but what"}, {"start": "00:07:38", "end": "00:07:43", "text": "I'm saying is the indicators are what"}, {"start": "00:07:39", "end": "00:07:46", "text": "matters. When will how will Bitcoin get"}, {"start": "00:07:43", "end": "00:07:47", "text": "above the 20 and test the 50? When's"}, {"start": "00:07:46", "end": "00:07:49", "text": "that going to happen? If it happens"}, {"start": "00:07:47", "end": "00:07:52", "text": "sooner than later, then I would say"}, {"start": "00:07:49", "end": "00:07:56", "text": "that's trouble for the four-year cycle"}, {"start": "00:07:52", "end": "00:07:57", "text": "theory. We go back to, you know, 2020. I"}, {"start": "00:07:56", "end": "00:07:59", "text": "just want to point this to your"}, {"start": "00:07:57", "end": "00:08:01", "text": "attention. Coming out of that COVID low,"}, {"start": "00:07:59", "end": "00:08:04", "text": "there's the 20we being broken. There's a"}, {"start": "00:08:01", "end": "00:08:07", "text": "50we being broken in blue. That was the"}, {"start": "00:08:04", "end": "00:08:08", "text": "bottom. But to be more specific, if"}, {"start": "00:08:07", "end": "00:08:10", "text": "we're really dealing with bare market"}, {"start": "00:08:08", "end": "00:08:13", "text": "bottoms, right, we more want to probably"}, {"start": "00:08:10", "end": "00:08:15", "text": "look at here. And that is you can see"}, {"start": "00:08:13", "end": "00:08:18", "text": "Bitcoin hitting the 200week moving"}, {"start": "00:08:15", "end": "00:08:20", "text": "average, closing above the 20 and even"}, {"start": "00:08:18", "end": "00:08:22", "text": "making its way above the 50. The bottom"}, {"start": "00:08:20", "end": "00:08:25", "text": "was in of the of the bare market low of"}, {"start": "00:08:22", "end": "00:08:27", "text": "that cycle. That's just is what it is."}, {"start": "00:08:25", "end": "00:08:29", "text": "Bitcoin recently has touched the the"}, {"start": "00:08:27", "end": "00:08:31", "text": "200E moving average in a similar way"}, {"start": "00:08:29", "end": "00:08:33", "text": "that it did in 2018. I mean, we just saw"}, {"start": "00:08:31", "end": "00:08:34", "text": "that similarity on the monthly chart."}, {"start": "00:08:33", "end": "00:08:36", "text": "Right here is the 50-month moving"}, {"start": "00:08:34", "end": "00:08:38", "text": "average being tested right now as a"}, {"start": "00:08:36", "end": "00:08:41", "text": "50-month is being tested. So, there's"}, {"start": "00:08:38", "end": "00:08:44", "text": "that. And then we go back and we can"}, {"start": "00:08:41", "end": "00:08:46", "text": "even go back to 2015"}, {"start": "00:08:44", "end": "00:08:49", "text": "and you can just see the 20week moving"}, {"start": "00:08:46", "end": "00:08:52", "text": "average. Similar thing, right? Bare"}, {"start": "00:08:49", "end": "00:08:54", "text": "market rejection. Boom. You know,"}, {"start": "00:08:52", "end": "00:08:56", "text": "sideways for longer. That's one move"}, {"start": "00:08:54", "end": "00:08:58", "text": "right there. Something we should be"}, {"start": "00:08:56", "end": "00:09:00", "text": "cautious of right now. But it was this"}, {"start": "00:08:58", "end": "00:09:03", "text": "move 20we being broken to the upside."}, {"start": "00:09:00", "end": "00:09:05", "text": "There's the 50we being broken. I'm"}, {"start": "00:09:03", "end": "00:09:08", "text": "sorry. Being tested the resistance. One"}, {"start": "00:09:05", "end": "00:09:10", "text": "more leg down to the 200 and then the"}, {"start": "00:09:08", "end": "00:09:13", "text": "bottom was in. But you can see test"}, {"start": "00:09:10", "end": "00:09:16", "text": "breaking that 20we and testing the 50we"}, {"start": "00:09:13", "end": "00:09:19", "text": "in blue was just such a significant"}, {"start": "00:09:16", "end": "00:09:23", "text": "indicator that the bottom was basically"}, {"start": "00:09:19", "end": "00:09:24", "text": "in which it was and it's almost time for"}, {"start": "00:09:23", "end": "00:09:28", "text": "upside. It's almost time for the"}, {"start": "00:09:24", "end": "00:09:32", "text": "momentum swing. And so here we are. We"}, {"start": "00:09:28", "end": "00:09:34", "text": "have such a really nice consistency in"}, {"start": "00:09:32", "end": "00:09:35", "text": "terms of the picture of all of these"}, {"start": "00:09:34", "end": "00:09:38", "text": "moving averages and how Bitcoin's"}, {"start": "00:09:35", "end": "00:09:41", "text": "interacting with them. And it doesn't"}, {"start": "00:09:38", "end": "00:09:43", "text": "matter. I mean, I am very curious to see"}, {"start": "00:09:41", "end": "00:09:46", "text": "obviously how the warrior cycle plays"}, {"start": "00:09:43", "end": "00:09:48", "text": "out. I am very curious to see obviously"}, {"start": "00:09:46", "end": "00:09:50", "text": "how the business cycle theory plays out"}, {"start": "00:09:48", "end": "00:09:51", "text": "because it's such a big part of my"}, {"start": "00:09:50", "end": "00:09:54", "text": "thesis. You can even see these peaks"}, {"start": "00:09:51", "end": "00:09:56", "text": "that Bitcoin had during this prolonged"}, {"start": "00:09:54", "end": "00:09:58", "text": "suppression of crypto markets. They"}, {"start": "00:09:56", "end": "00:10:01", "text": "aligned with the PMI expansion as it was"}, {"start": "00:09:58", "end": "00:10:03", "text": "it was heading towards 50, right? And"}, {"start": "00:10:01", "end": "00:10:05", "text": "obviously I don't sit here and say like"}, {"start": "00:10:03", "end": "00:10:07", "text": "day to day or week to week or even month"}, {"start": "00:10:05", "end": "00:10:10", "text": "to month this is exactly precisely"}, {"start": "00:10:07", "end": "00:10:14", "text": "following PMI but what my point is is"}, {"start": "00:10:10", "end": "00:10:15", "text": "the cycles of crypto follow follow PMI"}, {"start": "00:10:14", "end": "00:10:18", "text": "business cycle and that is something"}, {"start": "00:10:15", "end": "00:10:21", "text": "that is completely not validate"}, {"start": "00:10:18", "end": "00:10:23", "text": "invalidated even still at this part of"}, {"start": "00:10:21", "end": "00:10:25", "text": "the cycle with where we are. But what I"}, {"start": "00:10:23", "end": "00:10:28", "text": "will say I've spent some time talking"}, {"start": "00:10:25", "end": "00:10:30", "text": "about what might invalidate the Bitcoin"}, {"start": "00:10:28", "end": "00:10:33", "text": "for your cycle. What I will say is if"}, {"start": "00:10:30", "end": "00:10:36", "text": "this PMI just keeps expanding and and"}, {"start": "00:10:33", "end": "00:10:39", "text": "crypto just it's just not getting any"}, {"start": "00:10:36", "end": "00:10:40", "text": "type of capital rotating into it and"}, {"start": "00:10:39", "end": "00:10:42", "text": "it's not expanding with literally"}, {"start": "00:10:40", "end": "00:10:45", "text": "everything else especially as we've been"}, {"start": "00:10:42", "end": "00:10:46", "text": "tracking copper gold finally breaking"}, {"start": "00:10:45", "end": "00:10:48", "text": "out. This is something that has marked"}, {"start": "00:10:46", "end": "00:10:50", "text": "the beginning of crypto cycles, bull"}, {"start": "00:10:48", "end": "00:10:54", "text": "cycles. There's the 20we approaching the"}, {"start": "00:10:50", "end": "00:10:56", "text": "50. This is precisely following PMI as"}, {"start": "00:10:54", "end": "00:10:58", "text": "you see on the chart in green. Look at"}, {"start": "00:10:56", "end": "00:11:01", "text": "that correlation. Every time this shift"}, {"start": "00:10:58", "end": "00:11:03", "text": "has happened on copper, gold, MPMI,"}, {"start": "00:11:01", "end": "00:11:05", "text": "crypto has entered a bull market. So"}, {"start": "00:11:03", "end": "00:11:08", "text": "what I'm saying is if this continues,"}, {"start": "00:11:05", "end": "00:11:10", "text": "this shift to the upside and crypto"}, {"start": "00:11:08", "end": "00:11:13", "text": "continues to not do anything and just"}, {"start": "00:11:10", "end": "00:11:16", "text": "keep going lower, then obviously this"}, {"start": "00:11:13", "end": "00:11:19", "text": "after cycle after cycle after cycle,"}, {"start": "00:11:16", "end": "00:11:22", "text": "then obviously this has just completely,"}, {"start": "00:11:19", "end": "00:11:25", "text": "you know, detached itself from that"}, {"start": "00:11:22", "end": "00:11:27", "text": "correlation. Um, but it's still in my in"}, {"start": "00:11:25", "end": "00:11:29", "text": "my mind very much in play. As Bitcoin"}, {"start": "00:11:27", "end": "00:11:31", "text": "hangs out down here, this is a daily"}, {"start": "00:11:29", "end": "00:11:33", "text": "chart. There has been no bull move. I"}, {"start": "00:11:31", "end": "00:11:35", "text": "mean, we're still here in this sideways"}, {"start": "00:11:33", "end": "00:11:37", "text": "range from this bottom. We're putting in"}, {"start": "00:11:35", "end": "00:11:38", "text": "some type of short-term structure. I"}, {"start": "00:11:37", "end": "00:11:40", "text": "don't really zoom too much into these"}, {"start": "00:11:38", "end": "00:11:42", "text": "charts, but like you can just see"}, {"start": "00:11:40", "end": "00:11:43", "text": "Bitcoin wants to kind of put in some"}, {"start": "00:11:42", "end": "00:11:45", "text": "structure. It's taking some time. This"}, {"start": "00:11:43", "end": "00:11:47", "text": "is a daily chart, but there's not really"}, {"start": "00:11:45", "end": "00:11:49", "text": "a big move happening. I mean, even on"}, {"start": "00:11:47", "end": "00:11:51", "text": "the daily chart, we have the 20-day"}, {"start": "00:11:49", "end": "00:11:54", "text": "moving average here around 68,000."}, {"start": "00:11:51", "end": "00:11:57", "text": "There's the 50day moving average 74,000."}, {"start": "00:11:54", "end": "00:11:59", "text": "There's a bunch of resistance here, but"}, {"start": "00:11:57", "end": "00:12:01", "text": "again, it's the weekly chart that"}, {"start": "00:11:59", "end": "00:12:04", "text": "matters. And really, if Bitcoin did make"}, {"start": "00:12:01", "end": "00:12:06", "text": "its way to 74,000, things could be"}, {"start": "00:12:04", "end": "00:12:08", "text": "interesting because that is above the"}, {"start": "00:12:06", "end": "00:12:10", "text": "$71,000"}, {"start": "00:12:08", "end": "00:12:13", "text": "20week moving average in green, which is"}, {"start": "00:12:10", "end": "00:12:15", "text": "a really big point of this analysis. So,"}, {"start": "00:12:13", "end": "00:12:17", "text": "let's see what Bitcoin does, everybody."}, {"start": "00:12:15", "end": "00:12:21", "text": "There's so much going on right now. We"}, {"start": "00:12:17", "end": "00:12:22", "text": "have the, you know, the war in uh Iran,"}, {"start": "00:12:21", "end": "00:12:26", "text": "everything going on with oil, the back"}, {"start": "00:12:22", "end": "00:12:28", "text": "and forth there. We have Fed uh next"}, {"start": "00:12:26", "end": "00:12:30", "text": "week, Fed meeting with Kevin Walsh"}, {"start": "00:12:28", "end": "00:12:33", "text": "speaking. I'm going to do a video early"}, {"start": "00:12:30", "end": "00:12:35", "text": "next week about that. Two things you"}, {"start": "00:12:33", "end": "00:12:38", "text": "need to look for or listen for, at least"}, {"start": "00:12:35", "end": "00:12:39", "text": "I am, in terms of what Kevin Walsh is"}, {"start": "00:12:38", "end": "00:12:41", "text": "going to say that I think a lot of"}, {"start": "00:12:39", "end": "00:12:42", "text": "people are not anticipating at all. I"}, {"start": "00:12:41", "end": "00:12:44", "text": "want to do a video early next week on"}, {"start": "00:12:42", "end": "00:12:47", "text": "that. And then the other thing is even"}, {"start": "00:12:44", "end": "00:12:49", "text": "today the SpaceX IPO is kind of a big"}, {"start": "00:12:47", "end": "00:12:50", "text": "deal of shorterterm volatility, shorter"}, {"start": "00:12:49", "end": "00:12:51", "text": "term headlines and speculation."}, {"start": "00:12:50", "end": "00:12:54", "text": "Everybody guessing what's going on,"}, {"start": "00:12:51", "end": "00:12:57", "text": "what's how's it how's it making crypto"}, {"start": "00:12:54", "end": "00:12:59", "text": "react, what like what's happening, all"}, {"start": "00:12:57", "end": "00:13:02", "text": "of these things. The dust needs to"}, {"start": "00:12:59", "end": "00:13:05", "text": "settle so that we can continue to track"}, {"start": "00:13:02", "end": "00:13:08", "text": "the real powerhouse and that is the"}, {"start": "00:13:05", "end": "00:13:11", "text": "macro. That is the zoomed outs, the"}, {"start": "00:13:08", "end": "00:13:14", "text": "multi-week, the multimonth shift out of"}, {"start": "00:13:11", "end": "00:13:16", "text": "bear into bull. And so we're going to"}, {"start": "00:13:14", "end": "00:13:19", "text": "work our way through these things day by"}, {"start": "00:13:16", "end": "00:13:21", "text": "day, step by step with patience, with"}, {"start": "00:13:19", "end": "00:13:22", "text": "anticipating every scenario and"}, {"start": "00:13:21", "end": "00:13:24", "text": "balancing our risk. That's the point of"}, {"start": "00:13:22", "end": "00:13:25", "text": "my YouTube channel, everybody, not to"}, {"start": "00:13:24", "end": "00:13:26", "text": "guess anything. I'm not here to tell you"}, {"start": "00:13:25", "end": "00:13:29", "text": "what's going to happen next. I tell you"}, {"start": "00:13:26", "end": "00:13:32", "text": "what I think will happen and preparing"}, {"start": "00:13:29", "end": "00:13:33", "text": "for all scenarios. So if you're down"}, {"start": "00:13:32", "end": "00:13:35", "text": "with that, hit the subscribe. If you"}, {"start": "00:13:33", "end": "00:13:37", "text": "enjoy this video, hit the like. I will"}, {"start": "00:13:35", "end": "00:13:40", "text": "see you all in the next video. God"}, {"start": "00:13:37", "end": "00:13:40", "text": "bless."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "I feel like the entire industry should"}, {"start": "00:00:01", "end": "00:00:05", "text": "just be bullish right now and realize"}, {"start": "00:00:04", "end": "00:00:08", "text": "what this data is saying. It's saying"}, {"start": "00:00:05", "end": "00:00:10", "text": "one thing. If you're a macro investor,"}, {"start": "00:00:08", "end": "00:00:12", "text": "now is the time. It's in accumulation"}, {"start": "00:00:10", "end": "00:00:14", "text": "zone. The the indicators that are"}, {"start": "00:00:12", "end": "00:00:16", "text": "firing, they don't get any more clear"}, {"start": "00:00:14", "end": "00:00:20", "text": "than this. And if you're concerned"}, {"start": "00:00:16", "end": "00:00:22", "text": "about, well, no, no, 15% more to the"}, {"start": "00:00:20", "end": "00:00:25", "text": "downside, three three or four more"}, {"start": "00:00:22", "end": "00:00:27", "text": "months. If you're waiting for that, we"}, {"start": "00:00:25", "end": "00:00:29", "text": "are playing a completely different game."}, {"start": "00:00:27", "end": "00:00:32", "text": "and my analysis is definitely not going"}, {"start": "00:00:29", "end": "00:00:33", "text": "to be for you. For me, the contrast is"}, {"start": "00:00:32", "end": "00:00:35", "text": "the opportunity. And let me explain"}, {"start": "00:00:33", "end": "00:00:37", "text": "that. Here are some headlines. Why the"}, {"start": "00:00:35", "end": "00:00:40", "text": "blockbuster SpaceX IPO may spell more"}, {"start": "00:00:37", "end": "00:00:42", "text": "bad news for crypto? Will SpaceX"}, {"start": "00:00:40", "end": "00:00:45", "text": "anthropic and OpenAI IPO steal all"}, {"start": "00:00:42", "end": "00:00:47", "text": "liquidity from crypto? That's one side"}, {"start": "00:00:45", "end": "00:00:49", "text": "of the spectrum, and this is especially"}, {"start": "00:00:47", "end": "00:00:51", "text": "true for any contrarian bull right now,"}, {"start": "00:00:49", "end": "00:00:53", "text": "I would say. Meanwhile, on the other"}, {"start": "00:00:51", "end": "00:00:55", "text": "side of the spectrum, and I want to go"}, {"start": "00:00:53", "end": "00:00:58", "text": "over these onchain indicators with you,"}, {"start": "00:00:55", "end": "00:01:00", "text": "the visualizations here that we see on"}, {"start": "00:00:58", "end": "00:01:03", "text": "these indicators, these visualizations"}, {"start": "00:01:00", "end": "00:01:06", "text": "are beautiful. This is the pure"}, {"start": "00:01:03", "end": "00:01:08", "text": "multiple. This is long-term holder MVRV."}, {"start": "00:01:06", "end": "00:01:11", "text": "And I want to dissect with you and"}, {"start": "00:01:08", "end": "00:01:13", "text": "explain what this means. But I just put"}, {"start": "00:01:11", "end": "00:01:15", "text": "this post out there. Crypto bottom could"}, {"start": "00:01:13", "end": "00:01:16", "text": "be in. Crypto could go lower. Either"}, {"start": "00:01:15", "end": "00:01:19", "text": "way, crypto is officially in an"}, {"start": "00:01:16", "end": "00:01:21", "text": "accumulation zone for any longerterm"}, {"start": "00:01:19", "end": "00:01:23", "text": "investor. Ignore noise. Balance your"}, {"start": "00:01:21", "end": "00:01:27", "text": "personal risk and position. I think many"}, {"start": "00:01:23", "end": "00:01:28", "text": "of you out there are just like me in"}, {"start": "00:01:27", "end": "00:01:30", "text": "that you are a long-term crypto"}, {"start": "00:01:28", "end": "00:01:33", "text": "investor. You are trying to balance your"}, {"start": "00:01:30", "end": "00:01:36", "text": "risk. This has been a prolonged just"}, {"start": "00:01:33", "end": "00:01:37", "text": "kind of difficult cycle for crypto"}, {"start": "00:01:36", "end": "00:01:39", "text": "holders as a whole, for the industry as"}, {"start": "00:01:37", "end": "00:01:41", "text": "a whole. But you're hanging in there and"}, {"start": "00:01:39", "end": "00:01:43", "text": "you're trying to remain patient because"}, {"start": "00:01:41", "end": "00:01:45", "text": "you have remained bullish on the crypto"}, {"start": "00:01:43", "end": "00:01:46", "text": "space. and I'm right there with you. So,"}, {"start": "00:01:45", "end": "00:01:49", "text": "what I want first want to do before we"}, {"start": "00:01:46", "end": "00:01:51", "text": "go through even some charts and"}, {"start": "00:01:49", "end": "00:01:53", "text": "indicators, I want to just go over this"}, {"start": "00:01:51", "end": "00:01:57", "text": "because these are the headlines right"}, {"start": "00:01:53", "end": "00:01:58", "text": "now. The SpaceX IPO um tomorrow is a big"}, {"start": "00:01:57", "end": "00:02:01", "text": "deal. And I actually there's a chart"}, {"start": "00:01:58", "end": "00:02:03", "text": "that I want to really keep in mind when"}, {"start": "00:02:01", "end": "00:02:05", "text": "it comes to that. We're going to look at"}, {"start": "00:02:03", "end": "00:02:07", "text": "this. This is altcoins versus uh bit"}, {"start": "00:02:05", "end": "00:02:10", "text": "Bitcoin. But let's start here. US"}, {"start": "00:02:07", "end": "00:02:11", "text": "Bitcoin Ether ETFs and record"}, {"start": "00:02:10", "end": "00:02:13", "text": "multi-billion outflow streak. So, this"}, {"start": "00:02:11", "end": "00:02:15", "text": "was actually from last week. They're"}, {"start": "00:02:13", "end": "00:02:18", "text": "just record-breaking"}, {"start": "00:02:15", "end": "00:02:21", "text": "uh outflows of these ETFs and you can"}, {"start": "00:02:18", "end": "00:02:25", "text": "actually even go even just yesterday"}, {"start": "00:02:21", "end": "00:02:29", "text": "$213 million June 10th outflow of"}, {"start": "00:02:25", "end": "00:02:32", "text": "Bitcoin that is contributing a lot to"}, {"start": "00:02:29", "end": "00:02:34", "text": "this thought especially with SpaceX IPO"}, {"start": "00:02:32", "end": "00:02:39", "text": "this thought that man everybody's"}, {"start": "00:02:34", "end": "00:02:41", "text": "leaving crypto for for SpaceX right that"}, {"start": "00:02:39", "end": "00:02:43", "text": "has kind of been the thought as well for"}, {"start": "00:02:41", "end": "00:02:45", "text": "just AI everybody's leaving crypto"}, {"start": "00:02:43", "end": "00:02:47", "text": "What I will say is two things. Number"}, {"start": "00:02:45", "end": "00:02:50", "text": "one, I think just the crypto market cap"}, {"start": "00:02:47", "end": "00:02:52", "text": "as a whole is it's just too small to"}, {"start": "00:02:50", "end": "00:02:55", "text": "think that that's what's going on right"}, {"start": "00:02:52", "end": "00:02:58", "text": "here, especially when we are already in"}, {"start": "00:02:55", "end": "00:02:59", "text": "oversold accumulation territories. The"}, {"start": "00:02:58", "end": "00:03:02", "text": "crypto space is very small. But more so"}, {"start": "00:02:59", "end": "00:03:06", "text": "what I want to say is if anything is"}, {"start": "00:03:02", "end": "00:03:08", "text": "happening right now, it is mind share. I"}, {"start": "00:03:06", "end": "00:03:11", "text": "definitely think that the IPO stuff, the"}, {"start": "00:03:08", "end": "00:03:16", "text": "AI stuff is stealing current mind share"}, {"start": "00:03:11", "end": "00:03:18", "text": "from crypto. But that exact thing is"}, {"start": "00:03:16", "end": "00:03:21", "text": "what I think will fuel the crypto"}, {"start": "00:03:18", "end": "00:03:23", "text": "comeback. And that is to say, when all"}, {"start": "00:03:21", "end": "00:03:26", "text": "the hype and all these charts get"}, {"start": "00:03:23", "end": "00:03:28", "text": "overbought and overvalued and things get"}, {"start": "00:03:26", "end": "00:03:30", "text": "crazy, this is what we see every cycle"}, {"start": "00:03:28", "end": "00:03:32", "text": "really. When we think about even things"}, {"start": "00:03:30", "end": "00:03:34", "text": "like gold topping out and rotating to"}, {"start": "00:03:32", "end": "00:03:37", "text": "crypto, it's just the rotation to the"}, {"start": "00:03:34", "end": "00:03:39", "text": "lower-end risk curve asset class and"}, {"start": "00:03:37", "end": "00:03:42", "text": "that is crypto. That's the story that's"}, {"start": "00:03:39", "end": "00:03:43", "text": "developing right now. And I know that"}, {"start": "00:03:42", "end": "00:03:45", "text": "all the headlines and narratives are"}, {"start": "00:03:43", "end": "00:03:48", "text": "screaming one thing, but in my opinion,"}, {"start": "00:03:45", "end": "00:03:49", "text": "the setup is there. I saw this post"}, {"start": "00:03:48", "end": "00:03:52", "text": "though. This was interesting. This is"}, {"start": "00:03:49", "end": "00:03:54", "text": "from today. It's not SpaceX."}, {"start": "00:03:52", "end": "00:03:56", "text": "And it says, \"While some analysts argue"}, {"start": "00:03:54", "end": "00:03:58", "text": "investors are selling Bitcoin to free up"}, {"start": "00:03:56", "end": "00:04:01", "text": "capital for anticipated IPOs such as"}, {"start": "00:03:58", "end": "00:04:04", "text": "SpaceX Anthropic, Babyori says market"}, {"start": "00:04:01", "end": "00:04:05", "text": "data points elsewhere. Exchange flows,"}, {"start": "00:04:04", "end": "00:04:08", "text": "stable coin balances, and crypto risk"}, {"start": "00:04:05", "end": "00:04:10", "text": "appetite indicators show little sign of"}, {"start": "00:04:08", "end": "00:04:14", "text": "broad capital migration out of digital"}, {"start": "00:04:10", "end": "00:04:16", "text": "assets,\" Dory argues. And that is it."}, {"start": "00:04:14", "end": "00:04:19", "text": "There's this narrative, right? there's"}, {"start": "00:04:16", "end": "00:04:21", "text": "this mind share especially because there"}, {"start": "00:04:19", "end": "00:04:23", "text": "is a mind share aspect to this being"}, {"start": "00:04:21", "end": "00:04:25", "text": "captured with all this excitement with"}, {"start": "00:04:23", "end": "00:04:29", "text": "the IPO"}, {"start": "00:04:25", "end": "00:04:32", "text": "but that's one thing that's not actually"}, {"start": "00:04:29", "end": "00:04:36", "text": "the the capital migration that's"}, {"start": "00:04:32", "end": "00:04:38", "text": "happening right and so no matter how you"}, {"start": "00:04:36", "end": "00:04:41", "text": "spin it the IPO stuff will be behind us"}, {"start": "00:04:38", "end": "00:04:42", "text": "soon and this is what I want to start"}, {"start": "00:04:41", "end": "00:04:44", "text": "beginning to talk about with you as we"}, {"start": "00:04:42", "end": "00:04:46", "text": "go into these charts I saw this post"}, {"start": "00:04:44", "end": "00:04:49", "text": "from Gordon over here in X the war is at"}, {"start": "00:04:46", "end": "00:04:50", "text": "peak escalation. The SpaceX IPO has"}, {"start": "00:04:49", "end": "00:04:52", "text": "taken incredible amount of liquidity"}, {"start": "00:04:50", "end": "00:04:54", "text": "from the crypto market. I disagree with"}, {"start": "00:04:52", "end": "00:04:56", "text": "that, but I want to just make a note. I"}, {"start": "00:04:54", "end": "00:04:59", "text": "think it's taken an incredible amount of"}, {"start": "00:04:56", "end": "00:05:01", "text": "mind share, not so much liquidity, but"}, {"start": "00:04:59", "end": "00:05:04", "text": "guess what? These are the bottom"}, {"start": "00:05:01", "end": "00:05:06", "text": "signals. And I I just agree. These"}, {"start": "00:05:04", "end": "00:05:09", "text": "things, these headlines that you're"}, {"start": "00:05:06", "end": "00:05:10", "text": "seeing are such a distraction in high"}, {"start": "00:05:09", "end": "00:05:12", "text": "fear environments, which is the worst,"}, {"start": "00:05:10", "end": "00:05:14", "text": "especially for people that are out there"}, {"start": "00:05:12", "end": "00:05:16", "text": "that aren't really paying attention to"}, {"start": "00:05:14", "end": "00:05:17", "text": "all the moving parts in crypto. All the"}, {"start": "00:05:16", "end": "00:05:19", "text": "signals, all the data, all the"}, {"start": "00:05:17", "end": "00:05:22", "text": "indicators, which we're about to go"}, {"start": "00:05:19", "end": "00:05:24", "text": "over, just two to demonstrate where we"}, {"start": "00:05:22", "end": "00:05:26", "text": "are, which is in my opinion"}, {"start": "00:05:24", "end": "00:05:28", "text": "accumulation. All of these things are"}, {"start": "00:05:26", "end": "00:05:30", "text": "playing into bottom signals. These are"}, {"start": "00:05:28", "end": "00:05:33", "text": "just two things. the war in the IPO,"}, {"start": "00:05:30", "end": "00:05:35", "text": "SpaceX IPO. I saw this. You can buy"}, {"start": "00:05:33", "end": "00:05:37", "text": "Bitcoin down 50% or you can buy the"}, {"start": "00:05:35", "end": "00:05:41", "text": "SpaceX IPO all-time high. This is an"}, {"start": "00:05:37", "end": "00:05:44", "text": "intelligence test. And I just I 100%"}, {"start": "00:05:41", "end": "00:05:45", "text": "agree. Anytime Bitcoin's down 50%. It's"}, {"start": "00:05:44", "end": "00:05:48", "text": "not a good time just to start being"}, {"start": "00:05:45", "end": "00:05:50", "text": "like, you know, man, is crypto over?"}, {"start": "00:05:48", "end": "00:05:51", "text": "Because every time this has happened, it"}, {"start": "00:05:50", "end": "00:05:53", "text": "hasn't been over, but every time it"}, {"start": "00:05:51", "end": "00:05:56", "text": "happened, it's been a really good time"}, {"start": "00:05:53", "end": "00:05:58", "text": "to position into crypto. I'm not saying"}, {"start": "00:05:56", "end": "00:06:01", "text": "it's guaranteed to play out like that"}, {"start": "00:05:58", "end": "00:06:03", "text": "again. Again, manage manage our risks."}, {"start": "00:06:01", "end": "00:06:06", "text": "Prepare that this time is different."}, {"start": "00:06:03", "end": "00:06:08", "text": "Cryptos crypto's dead, but I just I"}, {"start": "00:06:06", "end": "00:06:09", "text": "don't think that's the case. So, let's"}, {"start": "00:06:08", "end": "00:06:11", "text": "start talking about these charts and"}, {"start": "00:06:09", "end": "00:06:14", "text": "these indicators. This is um I just want"}, {"start": "00:06:11", "end": "00:06:17", "text": "to give a snapshot. This is again almost"}, {"start": "00:06:14", "end": "00:06:18", "text": "up a percent copper versus gold. This"}, {"start": "00:06:17", "end": "00:06:21", "text": "has been one of my favorite indicators"}, {"start": "00:06:18", "end": "00:06:23", "text": "for the macro cycles of not only crypto"}, {"start": "00:06:21", "end": "00:06:25", "text": "but the correlation of look at the"}, {"start": "00:06:23", "end": "00:06:28", "text": "correlation of copper gold with the PMI"}, {"start": "00:06:25", "end": "00:06:32", "text": "business cycle. This is such a good"}, {"start": "00:06:28", "end": "00:06:33", "text": "reflection of crypto in my opinion and I"}, {"start": "00:06:32", "end": "00:06:36", "text": "just I want to continue tracking it."}, {"start": "00:06:33", "end": "00:06:38", "text": "Just a quick update on it. Up almost"}, {"start": "00:06:36", "end": "00:06:40", "text": "1%.98%"}, {"start": "00:06:38", "end": "00:06:42", "text": "as I do this video and this has signaled"}, {"start": "00:06:40", "end": "00:06:44", "text": "crypto bottoms and reversals into bull"}, {"start": "00:06:42", "end": "00:06:46", "text": "markets when this has happened in"}, {"start": "00:06:44", "end": "00:06:48", "text": "correlation with that green line the PMI"}, {"start": "00:06:46", "end": "00:06:51", "text": "expansion. I just want to put that out"}, {"start": "00:06:48", "end": "00:06:53", "text": "there for you. And if we go back now"}, {"start": "00:06:51", "end": "00:06:54", "text": "others BTC two points I want to make a"}, {"start": "00:06:53", "end": "00:06:56", "text": "reference of and then we're going to"}, {"start": "00:06:54", "end": "00:06:58", "text": "look at these onchain indicators and"}, {"start": "00:06:56", "end": "00:07:02", "text": "explain these heat maps because they're"}, {"start": "00:06:58", "end": "00:07:04", "text": "insane. This takes years to get here."}, {"start": "00:07:02", "end": "00:07:06", "text": "what's happening on these heat maps and"}, {"start": "00:07:04", "end": "00:07:09", "text": "it's it's just spells opportunity every"}, {"start": "00:07:06", "end": "00:07:12", "text": "single time. So before I do that though,"}, {"start": "00:07:09", "end": "00:07:16", "text": "others BTC we see from this trend"}, {"start": "00:07:12", "end": "00:07:17", "text": "reversal perspective going back to 2022."}, {"start": "00:07:16", "end": "00:07:19", "text": "We're we're still waiting. Let's see"}, {"start": "00:07:17", "end": "00:07:22", "text": "what happens here at this this macro"}, {"start": "00:07:19", "end": "00:07:25", "text": "trend line. It's such a big area. You"}, {"start": "00:07:22", "end": "00:07:27", "text": "can see the the the difference in terms"}, {"start": "00:07:25", "end": "00:07:30", "text": "of how long this has lasted with last"}, {"start": "00:07:27", "end": "00:07:31", "text": "cycle. in my opinion is because the"}, {"start": "00:07:30", "end": "00:07:33", "text": "period of quantitative tightening that"}, {"start": "00:07:31", "end": "00:07:36", "text": "we've had this cycle has been way worse."}, {"start": "00:07:33", "end": "00:07:39", "text": "The period of just contraction of the"}, {"start": "00:07:36", "end": "00:07:41", "text": "PMI business cycle has been way worse"}, {"start": "00:07:39", "end": "00:07:44", "text": "and you can see it here in green. Just"}, {"start": "00:07:41", "end": "00:07:46", "text": "contraction that we've never seen."}, {"start": "00:07:44", "end": "00:07:49", "text": "That's what's contributed. But two"}, {"start": "00:07:46", "end": "00:07:52", "text": "things I'm watching post SpaceX"}, {"start": "00:07:49", "end": "00:07:56", "text": "uh IPO and post Fed meeting. Remember"}, {"start": "00:07:52", "end": "00:07:58", "text": "Kevin Walsh next week is the meeting. I"}, {"start": "00:07:56", "end": "00:08:01", "text": "think there is a very strong potential"}, {"start": "00:07:58", "end": "00:08:03", "text": "that crypto and markets in general are"}, {"start": "00:08:01", "end": "00:08:05", "text": "going to be volatile. It is just such a"}, {"start": "00:08:03", "end": "00:08:07", "text": "good opportunity because so many people"}, {"start": "00:08:05", "end": "00:08:09", "text": "are bearish on Kevin Walsh. They're"}, {"start": "00:08:07", "end": "00:08:12", "text": "bearish on what's going to happen with"}, {"start": "00:08:09", "end": "00:08:13", "text": "with interest rates and cuts thinking"}, {"start": "00:08:12", "end": "00:08:14", "text": "actually they're not even going to be"}, {"start": "00:08:13", "end": "00:08:16", "text": "doing cuts. They're actually going to"}, {"start": "00:08:14", "end": "00:08:19", "text": "start raising rates, which I think if"}, {"start": "00:08:16", "end": "00:08:21", "text": "you know what Kevin Walsh's approach to"}, {"start": "00:08:19", "end": "00:08:23", "text": "is to these markets and monitoring even"}, {"start": "00:08:21", "end": "00:08:24", "text": "inflation, he wants to do things so"}, {"start": "00:08:23", "end": "00:08:26", "text": "different. everybody. The markets are"}, {"start": "00:08:24", "end": "00:08:27", "text": "not paying attention to that. The"}, {"start": "00:08:26", "end": "00:08:28", "text": "headlines are not paying attention to"}, {"start": "00:08:27", "end": "00:08:31", "text": "that. Even if they know it, they're"}, {"start": "00:08:28", "end": "00:08:33", "text": "positioning something else to to all of"}, {"start": "00:08:31", "end": "00:08:35", "text": "us. And I think it's wrong. I just don't"}, {"start": "00:08:33", "end": "00:08:37", "text": "think it's what Kevin Walsh is thinking"}, {"start": "00:08:35", "end": "00:08:40", "text": "at all. So, I think there is such a"}, {"start": "00:08:37", "end": "00:08:42", "text": "strong case for a a dip going into the"}, {"start": "00:08:40", "end": "00:08:44", "text": "Fed meeting. I could be wrong. Maybe we"}, {"start": "00:08:42", "end": "00:08:47", "text": "pump, but I'm I want to see post Fed"}, {"start": "00:08:44", "end": "00:08:49", "text": "meeting and post SpaceX because there"}, {"start": "00:08:47", "end": "00:08:52", "text": "could be volatility with both what this"}, {"start": "00:08:49", "end": "00:08:54", "text": "chart continues to do. And that is to"}, {"start": "00:08:52", "end": "00:08:56", "text": "say maybe we squeeze and we consolidate"}, {"start": "00:08:54", "end": "00:08:58", "text": "back down into these moving averages"}, {"start": "00:08:56", "end": "00:09:00", "text": "down here. These is a this is a weekly"}, {"start": "00:08:58", "end": "00:09:02", "text": "chart and we don't get the breakout just"}, {"start": "00:09:00", "end": "00:09:04", "text": "yet. But I'm watching this just kind of"}, {"start": "00:09:02", "end": "00:09:06", "text": "the squeezing of this chart right now"}, {"start": "00:09:04", "end": "00:09:08", "text": "into this trend line. Maybe it pumps and"}, {"start": "00:09:06", "end": "00:09:10", "text": "we break out. That'll be something to"}, {"start": "00:09:08", "end": "00:09:13", "text": "monitor. But it is those two things, the"}, {"start": "00:09:10", "end": "00:09:16", "text": "SpaceX IPO and the and and Kevin Walsh"}, {"start": "00:09:13", "end": "00:09:19", "text": "and what's going on next week. But I"}, {"start": "00:09:16", "end": "00:09:22", "text": "just want to say there is a lot to be"}, {"start": "00:09:19", "end": "00:09:25", "text": "said in relation to Kevin W and his"}, {"start": "00:09:22", "end": "00:09:27", "text": "approach to monitoring inflation and"}, {"start": "00:09:25", "end": "00:09:30", "text": "reacting to inflation data that's coming"}, {"start": "00:09:27", "end": "00:09:33", "text": "out because he's not a very big fan of"}, {"start": "00:09:30", "end": "00:09:36", "text": "if we see higher inflation like we are"}, {"start": "00:09:33", "end": "00:09:37", "text": "right now because of short-term energy"}, {"start": "00:09:36", "end": "00:09:40", "text": "price increasing because of something"}, {"start": "00:09:37", "end": "00:09:41", "text": "like a geopolitical, you know, war or"}, {"start": "00:09:40", "end": "00:09:43", "text": "something like that. He's not a big fan"}, {"start": "00:09:41", "end": "00:09:45", "text": "of using that data and that's the data"}, {"start": "00:09:43", "end": "00:09:47", "text": "that's driving inflation right now. So,"}, {"start": "00:09:45", "end": "00:09:49", "text": "that's just something to keep an eye on"}, {"start": "00:09:47", "end": "00:09:52", "text": "as you evaluate these markets from a"}, {"start": "00:09:49", "end": "00:09:55", "text": "macro investor perspective. So, let's go"}, {"start": "00:09:52", "end": "00:09:56", "text": "look at some of these these um onchain"}, {"start": "00:09:55", "end": "00:09:58", "text": "indicators. And by the way, just to give"}, {"start": "00:09:56", "end": "00:10:01", "text": "you a sense, the total crypto uh market"}, {"start": "00:09:58", "end": "00:10:03", "text": "cap long-term risk score is at a six."}, {"start": "00:10:01", "end": "00:10:05", "text": "Price was higher 100% of time after 3"}, {"start": "00:10:03", "end": "00:10:06", "text": "months, 100% of the time after the a"}, {"start": "00:10:05", "end": "00:10:08", "text": "year at this risk score. I talked about"}, {"start": "00:10:06", "end": "00:10:12", "text": "this in yesterday's video, but I want to"}, {"start": "00:10:08", "end": "00:10:13", "text": "pivot from risk and I want to talk about"}, {"start": "00:10:12", "end": "00:10:15", "text": "and by the way, I just want to I just"}, {"start": "00:10:13", "end": "00:10:18", "text": "want to say something. Not every model"}, {"start": "00:10:15", "end": "00:10:20", "text": "we have is that it this is the total"}, {"start": "00:10:18", "end": "00:10:23", "text": "crypto market cap. So if you go to"}, {"start": "00:10:20", "end": "00:10:25", "text": "something like Ethereum, 75% of the time"}, {"start": "00:10:23", "end": "00:10:26", "text": "after 3 months it was higher. 96% of the"}, {"start": "00:10:25", "end": "00:10:29", "text": "time after a year you can go to"}, {"start": "00:10:26", "end": "00:10:32", "text": "something like Bitcoin 79% after 3"}, {"start": "00:10:29", "end": "00:10:34", "text": "months 100% after time of the year 100%"}, {"start": "00:10:32", "end": "00:10:36", "text": "of the time after one year. Either way"}, {"start": "00:10:34", "end": "00:10:38", "text": "on the longer term scale scale"}, {"start": "00:10:36", "end": "00:10:40", "text": "especially maybe not always the"}, {"start": "00:10:38", "end": "00:10:43", "text": "three-month scale but oftent times above"}, {"start": "00:10:40", "end": "00:10:46", "text": "above 70%"}, {"start": "00:10:43", "end": "00:10:49", "text": "the longer time scale it is we are at"}, {"start": "00:10:46", "end": "00:10:51", "text": "low risk we are accumulation zone for"}, {"start": "00:10:49", "end": "00:10:55", "text": "long-term investors here is the ple"}, {"start": "00:10:51", "end": "00:10:57", "text": "multiple chart for Bitcoin ple multiple"}, {"start": "00:10:55", "end": "00:10:59", "text": "shows how much money miners make"}, {"start": "00:10:57", "end": "00:11:01", "text": "compared to the average income when"}, {"start": "00:10:59", "end": "00:11:03", "text": "miners make too much money bitcoin is"}, {"start": "00:11:01", "end": "00:11:05", "text": "often overpriced when they're barely"}, {"start": "00:11:03", "end": "00:11:07", "text": "break even. It's usually a time to buy."}, {"start": "00:11:05", "end": "00:11:10", "text": "Our system tells you when miners are"}, {"start": "00:11:07", "end": "00:11:12", "text": "getting rich or going broke. And guess"}, {"start": "00:11:10", "end": "00:11:14", "text": "what? We are in and and the"}, {"start": "00:11:12", "end": "00:11:16", "text": "visualization says says enough in our"}, {"start": "00:11:14", "end": "00:11:18", "text": "system. You can go and really study this"}, {"start": "00:11:16", "end": "00:11:20", "text": "like what does what do really all these"}, {"start": "00:11:18", "end": "00:11:24", "text": "numbers mean? What's going on? We put"}, {"start": "00:11:20", "end": "00:11:26", "text": "notes back there. But what I want to"}, {"start": "00:11:24", "end": "00:11:27", "text": "just explain to you is you could just be"}, {"start": "00:11:26", "end": "00:11:31", "text": "somebody that's just looking at the the"}, {"start": "00:11:27", "end": "00:11:32", "text": "heat map that we've built for this and"}, {"start": "00:11:31", "end": "00:11:34", "text": "you can just get a very clear"}, {"start": "00:11:32", "end": "00:11:38", "text": "visualization of where we are in the"}, {"start": "00:11:34", "end": "00:11:40", "text": "cycles and that is to say we are in this"}, {"start": "00:11:38", "end": "00:11:42", "text": "bottoming out territory. We have a 13"}, {"start": "00:11:40", "end": "00:11:44", "text": "here on our scale and when it comes to"}, {"start": "00:11:42", "end": "00:11:46", "text": "this indicator and we're in an"}, {"start": "00:11:44", "end": "00:11:48", "text": "accumulation zone like crypto is in an"}, {"start": "00:11:46", "end": "00:11:49", "text": "accumulation zone. You can argue we're"}, {"start": "00:11:48", "end": "00:11:51", "text": "not going to bottom until the end of the"}, {"start": "00:11:49", "end": "00:11:53", "text": "year. I think it's past us. I don't care"}, {"start": "00:11:51", "end": "00:11:54", "text": "anymore. I'm going to probably still"}, {"start": "00:11:53", "end": "00:11:58", "text": "cover it. I'll talk about it. But it"}, {"start": "00:11:54", "end": "00:11:59", "text": "doesn't If you're a macro person, I feel"}, {"start": "00:11:58", "end": "00:12:02", "text": "like the entire industry should just be"}, {"start": "00:11:59", "end": "00:12:03", "text": "bullish right now and realize what this"}, {"start": "00:12:02", "end": "00:12:06", "text": "data is saying. It's saying one thing."}, {"start": "00:12:03", "end": "00:12:09", "text": "If you're a macro investor, now is the"}, {"start": "00:12:06", "end": "00:12:11", "text": "time. It's in accumulation zone. The the"}, {"start": "00:12:09", "end": "00:12:13", "text": "indicators that are firing, they don't"}, {"start": "00:12:11", "end": "00:12:16", "text": "get any more clear than this. And if"}, {"start": "00:12:13", "end": "00:12:19", "text": "you're concerned about, well, no, no,"}, {"start": "00:12:16", "end": "00:12:21", "text": "15% more to the downside, three three or"}, {"start": "00:12:19", "end": "00:12:23", "text": "four more months. If you're waiting for"}, {"start": "00:12:21", "end": "00:12:26", "text": "that, we are playing a completely"}, {"start": "00:12:23", "end": "00:12:28", "text": "different game and my analysis is"}, {"start": "00:12:26", "end": "00:12:30", "text": "definitely not going to be for you. But"}, {"start": "00:12:28", "end": "00:12:32", "text": "we're in accumulation zone in terms of"}, {"start": "00:12:30", "end": "00:12:35", "text": "crypto. We are in lowrisk zone in terms"}, {"start": "00:12:32", "end": "00:12:37", "text": "of crypto for long-term crypto people."}, {"start": "00:12:35", "end": "00:12:38", "text": "And this is one uh demonstration of it,"}, {"start": "00:12:37", "end": "00:12:42", "text": "this chart right here. And then we have"}, {"start": "00:12:38", "end": "00:12:45", "text": "long-term holder MVRV. So this shows if"}, {"start": "00:12:42", "end": "00:12:47", "text": "veteran Bitcoin holders are sitting on"}, {"start": "00:12:45", "end": "00:12:49", "text": "profits or losses. When long-term"}, {"start": "00:12:47", "end": "00:12:51", "text": "holders have big gains, they start"}, {"start": "00:12:49", "end": "00:12:53", "text": "selling. That's your signal to exit."}, {"start": "00:12:51", "end": "00:12:55", "text": "When they're in the red, they buy more."}, {"start": "00:12:53", "end": "00:12:57", "text": "That's your signal to accumulate. So,"}, {"start": "00:12:55", "end": "00:12:59", "text": "interestingly enough, you can get"}, {"start": "00:12:57", "end": "00:13:01", "text": "signals from an onchain metric like"}, {"start": "00:12:59", "end": "00:13:04", "text": "this. It you can just see how it marks"}, {"start": "00:13:01", "end": "00:13:06", "text": "tops. Our risk models, if you go into"}, {"start": "00:13:04", "end": "00:13:07", "text": "our risk models, our risk models do"}, {"start": "00:13:06", "end": "00:13:10", "text": "something very similar. And that is it"}, {"start": "00:13:07", "end": "00:13:11", "text": "shows you those high-risk areas. It"}, {"start": "00:13:10", "end": "00:13:13", "text": "shows you, man, it's getting crazy."}, {"start": "00:13:11", "end": "00:13:14", "text": "Start selling. Even midterm crazy. It's"}, {"start": "00:13:13", "end": "00:13:16", "text": "like start selling if you want to take"}, {"start": "00:13:14", "end": "00:13:18", "text": "some profit in the green. Start"}, {"start": "00:13:16", "end": "00:13:21", "text": "accumulating if you want to prepare."}, {"start": "00:13:18", "end": "00:13:25", "text": "This is what the risk models do. And so"}, {"start": "00:13:21", "end": "00:13:27", "text": "when it comes to this MVRV,"}, {"start": "00:13:25", "end": "00:13:29", "text": "that's what's going on here, right? And"}, {"start": "00:13:27", "end": "00:13:32", "text": "it's just showing right now, this is"}, {"start": "00:13:29", "end": "00:13:34", "text": "also sitting at a 13 bottom territory."}, {"start": "00:13:32", "end": "00:13:37", "text": "Just look at previous bottoms. The thing"}, {"start": "00:13:34", "end": "00:13:38", "text": "to make a note of would be the length of"}, {"start": "00:13:37", "end": "00:13:40", "text": "time of these bottoms has been"}, {"start": "00:13:38", "end": "00:13:43", "text": "different. I mean, very quick back here"}, {"start": "00:13:40", "end": "00:13:45", "text": "in 2011, but it's been different."}, {"start": "00:13:43", "end": "00:13:48", "text": "There's a bottom of a 12, a 12 score."}, {"start": "00:13:45", "end": "00:13:50", "text": "And look, look how much longer it was"}, {"start": "00:13:48", "end": "00:13:53", "text": "out of that. And then it just hung out"}, {"start": "00:13:50", "end": "00:13:55", "text": "here. 2015 bottom bobbling around for a"}, {"start": "00:13:53", "end": "00:13:58", "text": "little bit longer. 2018 bottom was"}, {"start": "00:13:55", "end": "00:14:01", "text": "shorter. 2022 was was probably one of"}, {"start": "00:13:58", "end": "00:14:03", "text": "the longer ones. And then here we are. I"}, {"start": "00:14:01", "end": "00:14:05", "text": "mean, just look at this. We had a 17"}, {"start": "00:14:03", "end": "00:14:08", "text": "back here. And this was not that long"}, {"start": "00:14:05", "end": "00:14:12", "text": "ago. This was"}, {"start": "00:14:08", "end": "00:14:13", "text": "um February. There's a 17 in February."}, {"start": "00:14:12", "end": "00:14:15", "text": "But actually, it's a good amount of time"}, {"start": "00:14:13", "end": "00:14:17", "text": "when we're evaluating the time frame of"}, {"start": "00:14:15", "end": "00:14:19", "text": "these bottoms. And here we are right"}, {"start": "00:14:17", "end": "00:14:21", "text": "now, everybody. We're sitting at a 13."}, {"start": "00:14:19", "end": "00:14:23", "text": "So again, I don't know if the bottom's"}, {"start": "00:14:21", "end": "00:14:25", "text": "in now. I don't know if it'll be in 3"}, {"start": "00:14:23", "end": "00:14:27", "text": "months. But what I do know is if you"}, {"start": "00:14:25", "end": "00:14:29", "text": "just look at the chart, it becomes"}, {"start": "00:14:27", "end": "00:14:32", "text": "obvious that crypto is in if crypto is"}, {"start": "00:14:29", "end": "00:14:36", "text": "going to be here to stay. Crypto is in a"}, {"start": "00:14:32", "end": "00:14:38", "text": "lowrisk, oversold, high fear opportunity"}, {"start": "00:14:36", "end": "00:14:41", "text": "zone. And that just is what it is. I"}, {"start": "00:14:38", "end": "00:14:43", "text": "don't even think anybody that is"}, {"start": "00:14:41", "end": "00:14:45", "text": "thinking we bottom in Q4, I respect it,"}, {"start": "00:14:43", "end": "00:14:47", "text": "man. I respect the analysis, especially"}, {"start": "00:14:45", "end": "00:14:50", "text": "if it happens. It's fine. It'll be funny"}, {"start": "00:14:47", "end": "00:14:52", "text": "if it happens in confluence with the"}, {"start": "00:14:50", "end": "00:14:55", "text": "business cycle expansion and the war"}, {"start": "00:14:52", "end": "00:14:58", "text": "ending and all of that. But either way,"}, {"start": "00:14:55", "end": "00:14:59", "text": "it doesn't matter. I I think even the"}, {"start": "00:14:58", "end": "00:15:01", "text": "people that are like we bought him in"}, {"start": "00:14:59", "end": "00:15:04", "text": "Q4, I think they're seeing this and"}, {"start": "00:15:01", "end": "00:15:07", "text": "they're I think they would agree."}, {"start": "00:15:04", "end": "00:15:09", "text": "If you're a macro long-term person, this"}, {"start": "00:15:07", "end": "00:15:11", "text": "is this is an opportunity zone. And I'm"}, {"start": "00:15:09", "end": "00:15:13", "text": "not sitting here saying, \"Everybody go"}, {"start": "00:15:11", "end": "00:15:16", "text": "buy right now.\" I'm I'm trying to figure"}, {"start": "00:15:13", "end": "00:15:18", "text": "out my own positioning, right? I'm"}, {"start": "00:15:16", "end": "00:15:20", "text": "trying to figure out my own way to"}, {"start": "00:15:18", "end": "00:15:22", "text": "accumulate, too, with all possibilities"}, {"start": "00:15:20", "end": "00:15:25", "text": "in play. The bottom is in or it's not in"}, {"start": "00:15:22", "end": "00:15:26", "text": "yet. I'm trying to manage my short-term"}, {"start": "00:15:25", "end": "00:15:28", "text": "risk and all of that, my approach here."}, {"start": "00:15:26", "end": "00:15:29", "text": "So, I'm not sitting here trying to"}, {"start": "00:15:28", "end": "00:15:32", "text": "convince anybody, get bullish on on"}, {"start": "00:15:29", "end": "00:15:34", "text": "crypto and go buy it all. But what I am"}, {"start": "00:15:32", "end": "00:15:37", "text": "saying is I just I can't ignore this"}, {"start": "00:15:34", "end": "00:15:39", "text": "data. It has taken years to get here. If"}, {"start": "00:15:37", "end": "00:15:42", "text": "you even look at th this indicator, the"}, {"start": "00:15:39", "end": "00:15:44", "text": "LTH MVRV, right? We've been in this"}, {"start": "00:15:42", "end": "00:15:46", "text": "green since February. This has marked"}, {"start": "00:15:44", "end": "00:15:49", "text": "bottoms. Visually, you can see it has"}, {"start": "00:15:46", "end": "00:15:52", "text": "marked bottoms. But I think about like"}, {"start": "00:15:49", "end": "00:15:55", "text": "March 2024. And then I think about the"}, {"start": "00:15:52", "end": "00:16:01", "text": "November 2024 pump."}, {"start": "00:15:55", "end": "00:16:05", "text": "We were high on this um this heat map."}, {"start": "00:16:01", "end": "00:16:07", "text": "and we cool down but still in neutral to"}, {"start": "00:16:05", "end": "00:16:09", "text": "high territory when it's cooling down"}, {"start": "00:16:07", "end": "00:16:11", "text": "right there's high and then we pumped a"}, {"start": "00:16:09", "end": "00:16:14", "text": "little bit in high again it's taken so"}, {"start": "00:16:11", "end": "00:16:16", "text": "long so much consolidation to get to"}, {"start": "00:16:14", "end": "00:16:19", "text": "this moment now is just the time to pay"}, {"start": "00:16:16", "end": "00:16:21", "text": "attention that's just my opinion the"}, {"start": "00:16:19", "end": "00:16:23", "text": "reason why I think it's good to do these"}, {"start": "00:16:21", "end": "00:16:26", "text": "these onchain indicators talk about"}, {"start": "00:16:23", "end": "00:16:29", "text": "longer term you know accumulation or"}, {"start": "00:16:26", "end": "00:16:31", "text": "opportunity zones or or low risk right"}, {"start": "00:16:29", "end": "00:16:34", "text": "at the same time that I'm talking about"}, {"start": "00:16:31", "end": "00:16:37", "text": "these short-term headlines is because"}, {"start": "00:16:34", "end": "00:16:39", "text": "the industry and really crypto socials"}, {"start": "00:16:37", "end": "00:16:42", "text": "in general, they get so distracted with"}, {"start": "00:16:39", "end": "00:16:45", "text": "these things on the short term and it"}, {"start": "00:16:42", "end": "00:16:46", "text": "becomes very distracting for even a"}, {"start": "00:16:45", "end": "00:16:49", "text": "long-term investor because you're like,"}, {"start": "00:16:46", "end": "00:16:51", "text": "\"Oh man, what is going on right here?\""}, {"start": "00:16:49", "end": "00:16:55", "text": "But look at the contrast and I'll end it"}, {"start": "00:16:51", "end": "00:16:57", "text": "how I I started it. That contrast, the"}, {"start": "00:16:55", "end": "00:16:58", "text": "short term, the panic, the headlines"}, {"start": "00:16:57", "end": "00:17:03", "text": "everybody will forget in two weeks from"}, {"start": "00:16:58", "end": "00:17:06", "text": "now. contrasted with the long term"}, {"start": "00:17:03", "end": "00:17:08", "text": "the the accumulation that the areas that"}, {"start": "00:17:06", "end": "00:17:09", "text": "take years to get here that contrast is"}, {"start": "00:17:08", "end": "00:17:11", "text": "opportunity to and I want to share that"}, {"start": "00:17:09", "end": "00:17:13", "text": "with you. So hopefully you got some"}, {"start": "00:17:11", "end": "00:17:15", "text": "value from this video. If you did,"}, {"start": "00:17:13", "end": "00:17:16", "text": "please give this video a like. If you're"}, {"start": "00:17:15", "end": "00:17:18", "text": "not a subscriber, subscribe as I"}, {"start": "00:17:16", "end": "00:17:21", "text": "continue to track analysis, my crypto"}, {"start": "00:17:18", "end": "00:17:23", "text": "journey, share it with you, crypto news,"}, {"start": "00:17:21", "end": "00:17:24", "text": "all that good stuff. We're just getting"}, {"start": "00:17:23", "end": "00:17:26", "text": "started, everybody. I appreciate you"}, {"start": "00:17:24", "end": "00:17:29", "text": "watching. I'll see you in the next"}, {"start": "00:17:26", "end": "00:17:29", "text": "video. God bless."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "I've been in the crypto space almost 10"}, {"start": "00:00:02", "end": "00:00:08", "text": "years. I have never seen it so bad. Fear"}, {"start": "00:00:05", "end": "00:00:09", "text": "so high. But when I step back and I look"}, {"start": "00:00:08", "end": "00:00:12", "text": "at the data, there's a couple things"}, {"start": "00:00:09", "end": "00:00:14", "text": "clear to me. Number one, I don't think"}, {"start": "00:00:12", "end": "00:00:17", "text": "everything is as it seems. And number"}, {"start": "00:00:14", "end": "00:00:20", "text": "two, the data is saying the unemotional"}, {"start": "00:00:17", "end": "00:00:25", "text": "data is saying right now is a phenomenal"}, {"start": "00:00:20", "end": "00:00:25", "text": "time to be positioned in crypto."}, {"start": "00:00:27", "end": "00:00:30", "text": "What is up everyone? Welcome to Crypto"}, {"start": "00:00:28", "end": "00:00:32", "text": "Capital Venture. Hit the subscribe and"}, {"start": "00:00:30", "end": "00:00:33", "text": "like on the way in for the very best"}, {"start": "00:00:32", "end": "00:00:36", "text": "crypto techchnical analysis as well as"}, {"start": "00:00:33", "end": "00:00:38", "text": "news. This is a total crypto market cap"}, {"start": "00:00:36", "end": "00:00:40", "text": "over $2 trillion. We're going to go over"}, {"start": "00:00:38", "end": "00:00:45", "text": "this chart and this video. Just look at"}, {"start": "00:00:40", "end": "00:00:47", "text": "this nine in terms of fear. It's not"}, {"start": "00:00:45", "end": "00:00:48", "text": "only just, okay, this is saying extreme"}, {"start": "00:00:47", "end": "00:00:51", "text": "fear. That's fine. If you've been in"}, {"start": "00:00:48", "end": "00:00:53", "text": "crypto for any significant amount of"}, {"start": "00:00:51", "end": "00:00:54", "text": "time, I think you would agree it's just"}, {"start": "00:00:53", "end": "00:00:56", "text": "never has been so bad. Sentiment has"}, {"start": "00:00:54", "end": "00:00:58", "text": "never been so bad. Fear has never been"}, {"start": "00:00:56", "end": "00:01:00", "text": "so bad. And if we actually start looking"}, {"start": "00:00:58", "end": "00:01:03", "text": "at indicators, we've really it's only"}, {"start": "00:01:00", "end": "00:01:05", "text": "been a few times we've ever even been so"}, {"start": "00:01:03", "end": "00:01:07", "text": "oversold where from a technical"}, {"start": "00:01:05", "end": "00:01:09", "text": "perspective, it's been this bad. So,"}, {"start": "00:01:07", "end": "00:01:11", "text": "putting emotion aside because especially"}, {"start": "00:01:09", "end": "00:01:13", "text": "if you're an altcoin holder, things have"}, {"start": "00:01:11", "end": "00:01:15", "text": "just been years and years and years of"}, {"start": "00:01:13", "end": "00:01:16", "text": "waiting, seemingly waiting for nothing."}, {"start": "00:01:15", "end": "00:01:18", "text": "I understand the frustration when you"}, {"start": "00:01:16", "end": "00:01:22", "text": "put put aside the frustration, the"}, {"start": "00:01:18", "end": "00:01:24", "text": "emotionality of this. The data is just"}, {"start": "00:01:22", "end": "00:01:26", "text": "saying it is a great time to be in"}, {"start": "00:01:24", "end": "00:01:28", "text": "crypto. And I'm not trying to convince"}, {"start": "00:01:26", "end": "00:01:29", "text": "you to be bullish on crypto, but what I"}, {"start": "00:01:28", "end": "00:01:31", "text": "do want to talk about is my approach to"}, {"start": "00:01:29", "end": "00:01:33", "text": "these markets. And we're going to use"}, {"start": "00:01:31", "end": "00:01:35", "text": "this total crypto market cap chart,"}, {"start": "00:01:33", "end": "00:01:36", "text": "everything. And this is sitting over two"}, {"start": "00:01:35", "end": "00:01:38", "text": "trillion. And we're also going to use"}, {"start": "00:01:36", "end": "00:01:42", "text": "Ethereum to really paint a broader"}, {"start": "00:01:38", "end": "00:01:45", "text": "picture. This contrarian bull view why I"}, {"start": "00:01:42", "end": "00:01:47", "text": "think it is the best possible view to"}, {"start": "00:01:45", "end": "00:01:50", "text": "have right now at this moment. At least"}, {"start": "00:01:47", "end": "00:01:53", "text": "it's my my approach to the market. Of"}, {"start": "00:01:50", "end": "00:01:56", "text": "course, of course. preparing for extreme"}, {"start": "00:01:53", "end": "00:01:58", "text": "downside, preparing that the four-year"}, {"start": "00:01:56", "end": "00:02:01", "text": "cycle people are correct and we won't"}, {"start": "00:01:58", "end": "00:02:03", "text": "bottom until Q4. Of course, preparing"}, {"start": "00:02:01", "end": "00:02:06", "text": "for that risk. But we're going to talk"}, {"start": "00:02:03", "end": "00:02:08", "text": "about Ethereum, namely Tom Lee, a"}, {"start": "00:02:06", "end": "00:02:10", "text": "contrarian bull. And I want to tie this"}, {"start": "00:02:08", "end": "00:02:11", "text": "into the broader story. So, what I want"}, {"start": "00:02:10", "end": "00:02:13", "text": "to do is I want to start here on the"}, {"start": "00:02:11", "end": "00:02:15", "text": "total crypto market cap. This is sitting"}, {"start": "00:02:13", "end": "00:02:18", "text": "over $2 trillion. The first thing I just"}, {"start": "00:02:15", "end": "00:02:20", "text": "want to point out to you is we are if"}, {"start": "00:02:18", "end": "00:02:22", "text": "you just look at this chart, anybody"}, {"start": "00:02:20", "end": "00:02:26", "text": "that doesn't even know charting can just"}, {"start": "00:02:22", "end": "00:02:28", "text": "be like just by using patterns basically"}, {"start": "00:02:26", "end": "00:02:30", "text": "be like, you know what, it does seem"}, {"start": "00:02:28", "end": "00:02:33", "text": "like when it's getting to this 200 week"}, {"start": "00:02:30", "end": "00:02:35", "text": "moving average, that's kind of a"}, {"start": "00:02:33", "end": "00:02:38", "text": "compelling area of bottoming out. That's"}, {"start": "00:02:35", "end": "00:02:41", "text": "a compelling area of potential"}, {"start": "00:02:38", "end": "00:02:43", "text": "opportunity and accumulation. Anybody"}, {"start": "00:02:41", "end": "00:02:45", "text": "would tell you that. Now, with that"}, {"start": "00:02:43", "end": "00:02:48", "text": "being said,"}, {"start": "00:02:45", "end": "00:02:52", "text": "put aside the the the moving average,"}, {"start": "00:02:48", "end": "00:02:54", "text": "right? Bring into play the oversold the"}, {"start": "00:02:52", "end": "00:02:56", "text": "momentum that we've been in to the"}, {"start": "00:02:54", "end": "00:02:59", "text": "downside since this swing high in March"}, {"start": "00:02:56", "end": "00:03:01", "text": "2024 over two years ago. We are in"}, {"start": "00:02:59", "end": "00:03:03", "text": "oversold territory that we've seen in"}, {"start": "00:03:01", "end": "00:03:07", "text": "those accumulation areas previous"}, {"start": "00:03:03", "end": "00:03:08", "text": "cycles. That's also important. But I was"}, {"start": "00:03:07", "end": "00:03:11", "text": "just looking in our intelligence system"}, {"start": "00:03:08", "end": "00:03:14", "text": "at our risk models. I was looking at the"}, {"start": "00:03:11", "end": "00:03:16", "text": "global crypto market cap uh long-term"}, {"start": "00:03:14", "end": "00:03:18", "text": "risk. It's sitting at a six. I haven't"}, {"start": "00:03:16", "end": "00:03:21", "text": "really looked at the global crypto"}, {"start": "00:03:18", "end": "00:03:25", "text": "market cap long-term risk score in quite"}, {"start": "00:03:21", "end": "00:03:27", "text": "some time. And I'm like, that's at a six"}, {"start": "00:03:25", "end": "00:03:29", "text": "historically at this level six. The"}, {"start": "00:03:27", "end": "00:03:32", "text": "price was higher 100% of the time after"}, {"start": "00:03:29", "end": "00:03:34", "text": "3 months and 100% of the time after one"}, {"start": "00:03:32", "end": "00:03:36", "text": "year. This is not predictive. This is"}, {"start": "00:03:34", "end": "00:03:39", "text": "not to sit here and say everybody"}, {"start": "00:03:36", "end": "00:03:41", "text": "guaranteed. The prediction is it will be"}, {"start": "00:03:39", "end": "00:03:43", "text": "higher in three months. be 100% of the"}, {"start": "00:03:41", "end": "00:03:46", "text": "time. But what it's saying is going back"}, {"start": "00:03:43", "end": "00:03:49", "text": "to 2013 based on these models and the"}, {"start": "00:03:46", "end": "00:03:53", "text": "and the data that we've built here into"}, {"start": "00:03:49", "end": "00:03:56", "text": "this display. Every time this risk score"}, {"start": "00:03:53", "end": "00:03:59", "text": "was sitting at a six every time so far"}, {"start": "00:03:56", "end": "00:04:01", "text": "and maybe that changes 3 months later"}, {"start": "00:03:59", "end": "00:04:03", "text": "price was higher and a year later price"}, {"start": "00:04:01", "end": "00:04:04", "text": "was higher. So what I wanted to do was I"}, {"start": "00:04:03", "end": "00:04:06", "text": "was like all right well how many times"}, {"start": "00:04:04", "end": "00:04:08", "text": "have we been at a six recently? And I"}, {"start": "00:04:06", "end": "00:04:11", "text": "went back and I was actually looking"}, {"start": "00:04:08", "end": "00:04:14", "text": "through basically like this entire cycle"}, {"start": "00:04:11", "end": "00:04:16", "text": "and you can just go back even to the"}, {"start": "00:04:14", "end": "00:04:20", "text": "swing lows. You see this risk model."}, {"start": "00:04:16", "end": "00:04:23", "text": "Here's a 25 in April 2025. That was the"}, {"start": "00:04:20", "end": "00:04:26", "text": "tariff capitulation. The risk was still"}, {"start": "00:04:23", "end": "00:04:28", "text": "not that low. It was at 25. And you can"}, {"start": "00:04:26", "end": "00:04:32", "text": "just go back to the swing low back here"}, {"start": "00:04:28", "end": "00:04:36", "text": "in September 2024 22. Right now we are"}, {"start": "00:04:32", "end": "00:04:38", "text": "sitting at a six. Now, this is a score"}, {"start": "00:04:36", "end": "00:04:41", "text": "when I was going back. I didn't really"}, {"start": "00:04:38", "end": "00:04:44", "text": "see ever since back here in December"}, {"start": "00:04:41", "end": "00:04:46", "text": "2022, and it was a seven. And I don't"}, {"start": "00:04:44", "end": "00:04:48", "text": "think there's there's a six December"}, {"start": "00:04:46", "end": "00:04:51", "text": "30th, 2022."}, {"start": "00:04:48", "end": "00:04:55", "text": "That from scanning this looks to be the"}, {"start": "00:04:51", "end": "00:04:57", "text": "last time risk was sitting at a six on"}, {"start": "00:04:55", "end": "00:04:59", "text": "the total crypto market cap chart, and"}, {"start": "00:04:57", "end": "00:05:01", "text": "that's where it is right now. So what's"}, {"start": "00:04:59", "end": "00:05:02", "text": "so interesting interesting about that"}, {"start": "00:05:01", "end": "00:05:04", "text": "and by the way if you go back here's a"}, {"start": "00:05:02", "end": "00:05:07", "text": "three in the COVID swing low. Here's a"}, {"start": "00:05:04", "end": "00:05:10", "text": "seven in February 2019. Obviously you"}, {"start": "00:05:07", "end": "00:05:14", "text": "see that's in a bottoming out area. Here"}, {"start": "00:05:10", "end": "00:05:16", "text": "is back in 2015 a five. Here is um back"}, {"start": "00:05:14", "end": "00:05:20", "text": "in 2015"}, {"start": "00:05:16", "end": "00:05:22", "text": "a six also bottoming out area. But"}, {"start": "00:05:20", "end": "00:05:23", "text": "what's interestingly, what's interesting"}, {"start": "00:05:22", "end": "00:05:28", "text": "about this, if we if we look at this,"}, {"start": "00:05:23", "end": "00:05:30", "text": "there was a on December 30th, a six"}, {"start": "00:05:28", "end": "00:05:32", "text": "right there. If you go to the total"}, {"start": "00:05:30", "end": "00:05:33", "text": "crypto market cap chart, I know it says"}, {"start": "00:05:32", "end": "00:05:35", "text": "seven because I didn't realize there was"}, {"start": "00:05:33", "end": "00:05:38", "text": "a six right there as well. But December"}, {"start": "00:05:35", "end": "00:05:39", "text": "30th, there's a six. You know what was"}, {"start": "00:05:38", "end": "00:05:41", "text": "happening right here? And this is"}, {"start": "00:05:39", "end": "00:05:44", "text": "interesting because now we have kind of"}, {"start": "00:05:41", "end": "00:05:48", "text": "this combination of risk and technicals."}, {"start": "00:05:44", "end": "00:05:49", "text": "It's this Bitcoin. Well, definitely"}, {"start": "00:05:48", "end": "00:05:51", "text": "Bitcoin, but also this chart, the total"}, {"start": "00:05:49", "end": "00:05:54", "text": "crypto market cap chart, which is a lot"}, {"start": "00:05:51", "end": "00:05:57", "text": "of Bitcoin in here was putting in this"}, {"start": "00:05:54", "end": "00:05:59", "text": "bullish divergence at the bottom. And"}, {"start": "00:05:57", "end": "00:06:01", "text": "this is exactly what is also happening"}, {"start": "00:05:59", "end": "00:06:04", "text": "right now. We have this bullish"}, {"start": "00:06:01", "end": "00:06:07", "text": "divergence on this weekly chart at this"}, {"start": "00:06:04", "end": "00:06:09", "text": "potential bottoming out area. And this"}, {"start": "00:06:07", "end": "00:06:12", "text": "is what I think. I think we're at the"}, {"start": "00:06:09", "end": "00:06:15", "text": "end towards the end of this multi-year"}, {"start": "00:06:12", "end": "00:06:17", "text": "bare market. this multi-year, we just"}, {"start": "00:06:15", "end": "00:06:18", "text": "came out, this multi-year quantitative"}, {"start": "00:06:17", "end": "00:06:21", "text": "tightening, you know, the story. I talk"}, {"start": "00:06:18", "end": "00:06:23", "text": "about it in all of my videos, the macro"}, {"start": "00:06:21", "end": "00:06:25", "text": "that is really impacting these markets"}, {"start": "00:06:23", "end": "00:06:27", "text": "and these cycles and changing things."}, {"start": "00:06:25", "end": "00:06:29", "text": "So, you can just see the technical"}, {"start": "00:06:27", "end": "00:06:32", "text": "indicators are lining up very nicely"}, {"start": "00:06:29", "end": "00:06:35", "text": "with risk. And it's just this data that"}, {"start": "00:06:32", "end": "00:06:37", "text": "is just like I know it's terrible out"}, {"start": "00:06:35", "end": "00:06:39", "text": "there, but the data is saying, put aside"}, {"start": "00:06:37", "end": "00:06:41", "text": "the terrible emotionality that's there."}, {"start": "00:06:39", "end": "00:06:45", "text": "The data is saying it's just a great"}, {"start": "00:06:41", "end": "00:06:48", "text": "time to be in crypto from just a risk"}, {"start": "00:06:45", "end": "00:06:50", "text": "perspective. And that just is what it"}, {"start": "00:06:48", "end": "00:06:53", "text": "is. That is what the data says. And it's"}, {"start": "00:06:50", "end": "00:06:55", "text": "not an opinion. It's just really what"}, {"start": "00:06:53", "end": "00:06:58", "text": "the data says, even the technical data."}, {"start": "00:06:55", "end": "00:07:00", "text": "So, going on here, I want to kind of"}, {"start": "00:06:58", "end": "00:07:02", "text": "pivot into, and this is partly coming"}, {"start": "00:07:00", "end": "00:07:05", "text": "from my perspective as well. I wanted to"}, {"start": "00:07:02", "end": "00:07:07", "text": "cover this because I just I really I've"}, {"start": "00:07:05", "end": "00:07:09", "text": "really like tracking Tom Lee lately"}, {"start": "00:07:07", "end": "00:07:13", "text": "because he is an absolute contrarian"}, {"start": "00:07:09", "end": "00:07:17", "text": "bull with a big picture, a longer time"}, {"start": "00:07:13", "end": "00:07:19", "text": "horizon, a big picture kind of approach"}, {"start": "00:07:17", "end": "00:07:22", "text": "to these markets. And I think right now"}, {"start": "00:07:19", "end": "00:07:24", "text": "with down markets, with Ethereum being"}, {"start": "00:07:22", "end": "00:07:27", "text": "as sideways as it is, the same price"}, {"start": "00:07:24", "end": "00:07:30", "text": "since 2021, he he doesn't get all the"}, {"start": "00:07:27", "end": "00:07:33", "text": "love, right? But I just want to say, and"}, {"start": "00:07:30", "end": "00:07:36", "text": "I want to put this out there, I really"}, {"start": "00:07:33", "end": "00:07:38", "text": "am in tune and in line with his approach"}, {"start": "00:07:36", "end": "00:07:42", "text": "to crypto right now to be the contrarian"}, {"start": "00:07:38", "end": "00:07:44", "text": "bull even in really tough times. And I'm"}, {"start": "00:07:42", "end": "00:07:47", "text": "really rooting for him. But I really do"}, {"start": "00:07:44", "end": "00:07:49", "text": "think all of the months and months and"}, {"start": "00:07:47", "end": "00:07:51", "text": "months of negativity that he might get,"}, {"start": "00:07:49", "end": "00:07:55", "text": "people just laughing at him, you know"}, {"start": "00:07:51", "end": "00:07:59", "text": "what it takes? It takes one moment for"}, {"start": "00:07:55", "end": "00:08:02", "text": "all of that preparation that Tom Lee put"}, {"start": "00:07:59", "end": "00:08:05", "text": "into accumulation. It takes one moment."}, {"start": "00:08:02", "end": "00:08:10", "text": "It takes one reversal. It takes one"}, {"start": "00:08:05", "end": "00:08:12", "text": "move, one pivot to prove that his entire"}, {"start": "00:08:10", "end": "00:08:14", "text": "approach was the absolute best approach."}, {"start": "00:08:12", "end": "00:08:16", "text": "And it was the long-term approach. And"}, {"start": "00:08:14", "end": "00:08:19", "text": "now that the risk model for a total"}, {"start": "00:08:16", "end": "00:08:21", "text": "crypto market cap is sitting at a six,"}, {"start": "00:08:19", "end": "00:08:22", "text": "we are in the opportunity zone,"}, {"start": "00:08:21", "end": "00:08:25", "text": "everybody. And so when I'm thinking of"}, {"start": "00:08:22", "end": "00:08:27", "text": "somebody like Tom Lee, I just saw this."}, {"start": "00:08:25", "end": "00:08:29", "text": "He just made his biggest Ethereum buy of"}, {"start": "00:08:27", "end": "00:08:32", "text": "the entire year. Bit mine. Tom Lee's"}, {"start": "00:08:29", "end": "00:08:35", "text": "Bitmine bought 126,971"}, {"start": "00:08:32", "end": "00:08:38", "text": "ETH during last week's dip. It says,"}, {"start": "00:08:35", "end": "00:08:41", "text": "\"But the charts don't care.\" Keyword"}, {"start": "00:08:38", "end": "00:08:45", "text": "yet. And that's just the point. It just"}, {"start": "00:08:41", "end": "00:08:47", "text": "takes one moment everybody for all the"}, {"start": "00:08:45", "end": "00:08:50", "text": "accumulation for all the preparation to"}, {"start": "00:08:47", "end": "00:08:55", "text": "be worth it. $7 trillion dollar on"}, {"start": "00:08:50", "end": "00:08:59", "text": "sidelines. SpaceX IPO won't mark market"}, {"start": "00:08:55", "end": "00:09:01", "text": "top. So he's discussing the SpaceX IPO"}, {"start": "00:08:59", "end": "00:09:04", "text": "and he's kind of, you know, working it"}, {"start": "00:09:01", "end": "00:09:06", "text": "into probably his approach to crypto"}, {"start": "00:09:04", "end": "00:09:07", "text": "right now. And in regards to that,"}, {"start": "00:09:06", "end": "00:09:10", "text": "here's an Ethereum chart. Obviously,"}, {"start": "00:09:07", "end": "00:09:11", "text": "he's accumulating tons of Ethereum. He's"}, {"start": "00:09:10", "end": "00:09:13", "text": "talking about $7 trillion. And I just"}, {"start": "00:09:11", "end": "00:09:16", "text": "wanted to make a note. What is that?"}, {"start": "00:09:13", "end": "00:09:18", "text": "Money market funds. Insane amounts of"}, {"start": "00:09:16", "end": "00:09:22", "text": "cash that are just sitting there. High"}, {"start": "00:09:18", "end": "00:09:26", "text": "yield savings waiting institutional dry"}, {"start": "00:09:22", "end": "00:09:29", "text": "powder ready for things like IPO stocks"}, {"start": "00:09:26", "end": "00:09:31", "text": "or crypto. There is so much money on the"}, {"start": "00:09:29", "end": "00:09:32", "text": "sidelines right now. And so everybody"}, {"start": "00:09:31", "end": "00:09:35", "text": "wants to talk about the top. Everybody"}, {"start": "00:09:32", "end": "00:09:38", "text": "wants to talk about, you know, this this"}, {"start": "00:09:35", "end": "00:09:40", "text": "negative side of things when so much of"}, {"start": "00:09:38", "end": "00:09:42", "text": "the data, including my favorite PMI"}, {"start": "00:09:40", "end": "00:09:45", "text": "after years of contraction starting to"}, {"start": "00:09:42", "end": "00:09:48", "text": "expand and s, you know, S&P 500 has just"}, {"start": "00:09:45", "end": "00:09:50", "text": "been going up and up and up. There could"}, {"start": "00:09:48", "end": "00:09:53", "text": "be corrections. This is a monthly chart"}, {"start": "00:09:50", "end": "00:09:55", "text": "on the S&P 500. We could correct back"}, {"start": "00:09:53", "end": "00:09:58", "text": "down to the 20-month in green, maybe in"}, {"start": "00:09:55", "end": "00:10:00", "text": "between the 20 and the 50 in blue. But"}, {"start": "00:09:58", "end": "00:10:03", "text": "in my opinion, we are in a '9s style"}, {"start": "00:10:00", "end": "00:10:05", "text": "uptrend that with the beginning of PMI"}, {"start": "00:10:03", "end": "00:10:08", "text": "expansion that just started, I don't"}, {"start": "00:10:05", "end": "00:10:09", "text": "think is going to end right now. And"}, {"start": "00:10:08", "end": "00:10:12", "text": "crypto being at the end of the risk"}, {"start": "00:10:09", "end": "00:10:14", "text": "curve, I think is what's setting up"}, {"start": "00:10:12", "end": "00:10:17", "text": "crypto as such a good opportunity in"}, {"start": "00:10:14", "end": "00:10:19", "text": "this growth and expansion phase that we"}, {"start": "00:10:17", "end": "00:10:21", "text": "are in. We are in a new time, everybody,"}, {"start": "00:10:19", "end": "00:10:23", "text": "with a new Fed. We're going to have new"}, {"start": "00:10:21", "end": "00:10:27", "text": "policy. There are so many new things"}, {"start": "00:10:23", "end": "00:10:30", "text": "going on. We can't just look at old"}, {"start": "00:10:27", "end": "00:10:31", "text": "patterns and and just rely simply on old"}, {"start": "00:10:30", "end": "00:10:33", "text": "patterns because there's so many new"}, {"start": "00:10:31", "end": "00:10:35", "text": "data points that that have come out and"}, {"start": "00:10:33", "end": "00:10:37", "text": "we are at the confluence of many of"}, {"start": "00:10:35", "end": "00:10:39", "text": "these things. And so I think when it"}, {"start": "00:10:37", "end": "00:10:41", "text": "comes to Ethereum, I think when it comes"}, {"start": "00:10:39", "end": "00:10:43", "text": "to total crypto market cap chart sitting"}, {"start": "00:10:41", "end": "00:10:46", "text": "above a two trillion, this is"}, {"start": "00:10:43", "end": "00:10:48", "text": "everything. I think it's just a great"}, {"start": "00:10:46", "end": "00:10:50", "text": "opportunity. Wait until Q4 if that's"}, {"start": "00:10:48", "end": "00:10:54", "text": "what you need to do. Do it. That's fine."}, {"start": "00:10:50", "end": "00:10:56", "text": "But we're sitting at a risk of six on"}, {"start": "00:10:54", "end": "00:10:58", "text": "the total crypto market cap chart. 100%"}, {"start": "00:10:56", "end": "00:11:00", "text": "of the time after 3 months and 100% of"}, {"start": "00:10:58", "end": "00:11:03", "text": "the time after one year price was"}, {"start": "00:11:00", "end": "00:11:05", "text": "higher. This is data going back to 2013."}, {"start": "00:11:03", "end": "00:11:07", "text": "If that plays out again and that data,"}, {"start": "00:11:05", "end": "00:11:09", "text": "which is not predictive, it's just"}, {"start": "00:11:07", "end": "00:11:12", "text": "telling you what has happened. If that"}, {"start": "00:11:09", "end": "00:11:15", "text": "plays out, is it really a matter of I'm"}, {"start": "00:11:12", "end": "00:11:18", "text": "waiting till Q4 or is it a matter of"}, {"start": "00:11:15", "end": "00:11:21", "text": "okay, it's actually good time to be in"}, {"start": "00:11:18", "end": "00:11:24", "text": "crypto? I don't think you can argue much"}, {"start": "00:11:21", "end": "00:11:26", "text": "with that. So, I wanted to present this"}, {"start": "00:11:24", "end": "00:11:27", "text": "to you. I wanted to bring the data and"}, {"start": "00:11:26", "end": "00:11:29", "text": "my opinion because that's all it is."}, {"start": "00:11:27", "end": "00:11:32", "text": "This is my approach to crypto. Maybe"}, {"start": "00:11:29", "end": "00:11:33", "text": "it's all wrong and it is what it is."}, {"start": "00:11:32", "end": "00:11:36", "text": "But, I'm just kind of trying to present"}, {"start": "00:11:33", "end": "00:11:38", "text": "it to you, present my journey to you"}, {"start": "00:11:36", "end": "00:11:41", "text": "through this cycle. It's been a tough"}, {"start": "00:11:38", "end": "00:11:44", "text": "cycle and it's becoming exciting in my"}, {"start": "00:11:41", "end": "00:11:46", "text": "view as we are at these levels. So,"}, {"start": "00:11:44", "end": "00:11:48", "text": "appreciate you watching. If you're not a"}, {"start": "00:11:46", "end": "00:11:50", "text": "subscriber, please subscribe. Turn"}, {"start": "00:11:48", "end": "00:11:53", "text": "notifications on. I do think we're just"}, {"start": "00:11:50", "end": "00:11:54", "text": "getting started, so it'll be fun to"}, {"start": "00:11:53", "end": "00:11:56", "text": "continue creating this content for you"}, {"start": "00:11:54", "end": "00:11:59", "text": "all. So, I'll see you in the next video."}, {"start": "00:11:56", "end": "00:11:59", "text": "God bless."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "There's Bitcoin on the weekly chart. Red"}, {"start": "00:00:02", "end": "00:00:06", "text": "candle. We're down right now. Crypto"}, {"start": "00:00:04", "end": "00:00:07", "text": "down right now. I think crypto being"}, {"start": "00:00:06", "end": "00:00:11", "text": "down right now is probably the best"}, {"start": "00:00:07", "end": "00:00:13", "text": "possible time for me to do this video to"}, {"start": "00:00:11", "end": "00:00:15", "text": "explain what is going on on this chart"}, {"start": "00:00:13", "end": "00:00:17", "text": "because this is altcoins versus Bitcoin."}, {"start": "00:00:15", "end": "00:00:20", "text": "This is everything versus Bitcoin. And"}, {"start": "00:00:17", "end": "00:00:22", "text": "you can see as crypto is down right now,"}, {"start": "00:00:20", "end": "00:00:24", "text": "this chart up. But it's not only that."}, {"start": "00:00:22", "end": "00:00:27", "text": "Okay, it's up. It's where is this chart"}, {"start": "00:00:24", "end": "00:00:29", "text": "on the macro from a cycle perspective?"}, {"start": "00:00:27", "end": "00:00:31", "text": "because these moments we are very close"}, {"start": "00:00:29", "end": "00:00:33", "text": "to a breakout on this chart. Whether or"}, {"start": "00:00:31", "end": "00:00:36", "text": "not it breaks out, I do not know. But"}, {"start": "00:00:33", "end": "00:00:39", "text": "this is a multi-year multicycle setup"}, {"start": "00:00:36", "end": "00:00:42", "text": "right now on this chart, but it's at"}, {"start": "00:00:39", "end": "00:00:46", "text": "this intersection with two main macro"}, {"start": "00:00:42", "end": "00:00:48", "text": "events that I base my analysis on from a"}, {"start": "00:00:46", "end": "00:00:50", "text": "cycle perspective. And before we dive"}, {"start": "00:00:48", "end": "00:00:52", "text": "into this chart, I'm very excited to"}, {"start": "00:00:50", "end": "00:00:54", "text": "kind of go over this this move that is"}, {"start": "00:00:52", "end": "00:00:57", "text": "playing out on the others BTC chart."}, {"start": "00:00:54", "end": "00:00:59", "text": "Before we dive into it and crypto being"}, {"start": "00:00:57", "end": "00:01:01", "text": "down on this day is is very good for the"}, {"start": "00:00:59", "end": "00:01:04", "text": "purpose of this video, I need to preface"}, {"start": "00:01:01", "end": "00:01:05", "text": "the video with like two main things. So,"}, {"start": "00:01:04", "end": "00:01:07", "text": "I want to go to the total crypto market"}, {"start": "00:01:05", "end": "00:01:09", "text": "cap chart, just over $2 trillion. And I"}, {"start": "00:01:07", "end": "00:01:11", "text": "want to explain two very simple things."}, {"start": "00:01:09", "end": "00:01:12", "text": "If you know what I'm about to say cuz"}, {"start": "00:01:11", "end": "00:01:15", "text": "you watch my analysis, please feel free"}, {"start": "00:01:12", "end": "00:01:17", "text": "to click the timestamps. But if you're"}, {"start": "00:01:15", "end": "00:01:19", "text": "new here, this is a foundation to my"}, {"start": "00:01:17", "end": "00:01:21", "text": "macro analysis where I think crypto is"}, {"start": "00:01:19", "end": "00:01:23", "text": "right now. It's a very unpopular thing"}, {"start": "00:01:21", "end": "00:01:25", "text": "and that's okay. It's a thing that maybe"}, {"start": "00:01:23", "end": "00:01:27", "text": "I'm wrong about and that's okay. But"}, {"start": "00:01:25", "end": "00:01:29", "text": "it's it's a piece of data that I"}, {"start": "00:01:27", "end": "00:01:30", "text": "continually present to you and it's"}, {"start": "00:01:29", "end": "00:01:32", "text": "important as we start talking about"}, {"start": "00:01:30", "end": "00:01:36", "text": "what's happening on this other's BTC"}, {"start": "00:01:32", "end": "00:01:38", "text": "chart. So on the total crypto market cap"}, {"start": "00:01:36", "end": "00:01:41", "text": "chart, first thing to just point your"}, {"start": "00:01:38", "end": "00:01:43", "text": "attention to are the red boxes. That is"}, {"start": "00:01:41", "end": "00:01:45", "text": "quantitative tightening number one back"}, {"start": "00:01:43", "end": "00:01:47", "text": "here. or this first red box and"}, {"start": "00:01:45", "end": "00:01:50", "text": "quantitative tightening number two. That"}, {"start": "00:01:47", "end": "00:01:52", "text": "is the second red box. Now, these were"}, {"start": "00:01:50", "end": "00:01:54", "text": "the only two times that we've had"}, {"start": "00:01:52", "end": "00:01:57", "text": "quantitative tightening. If you notice,"}, {"start": "00:01:54", "end": "00:01:59", "text": "this time was way longer than the first"}, {"start": "00:01:57", "end": "00:02:01", "text": "time. That liquidity extraction was way"}, {"start": "00:01:59", "end": "00:02:03", "text": "longer than the first time. So, the"}, {"start": "00:02:01", "end": "00:02:05", "text": "further you get down the risk curve, the"}, {"start": "00:02:03", "end": "00:02:07", "text": "worse a chart like this might look. This"}, {"start": "00:02:05", "end": "00:02:08", "text": "is total crypto market cap. This"}, {"start": "00:02:07", "end": "00:02:10", "text": "includes Bitcoin. That's why you can see"}, {"start": "00:02:08", "end": "00:02:12", "text": "slightly breaking all-time highs, but"}, {"start": "00:02:10", "end": "00:02:13", "text": "you'll notice we didn't have a typical"}, {"start": "00:02:12", "end": "00:02:15", "text": "bull market. We didn't have a typical"}, {"start": "00:02:13", "end": "00:02:19", "text": "bull market for Bitcoin. We certainly"}, {"start": "00:02:15", "end": "00:02:21", "text": "didn't have a bull market for altcoins,"}, {"start": "00:02:19", "end": "00:02:24", "text": "right? So when thinking about that, if"}, {"start": "00:02:21", "end": "00:02:26", "text": "we go back to this chart, this is total."}, {"start": "00:02:24", "end": "00:02:28", "text": "We'll go to an altcoin chart. It's even"}, {"start": "00:02:26", "end": "00:02:32", "text": "worse, right? So the liquidity"}, {"start": "00:02:28", "end": "00:02:33", "text": "extraction has completely suppressed the"}, {"start": "00:02:32", "end": "00:02:35", "text": "crypto bull market. We've not had the"}, {"start": "00:02:33", "end": "00:02:38", "text": "crypto bull market yet. But that's"}, {"start": "00:02:35", "end": "00:02:41", "text": "number one. That is the the quantitative"}, {"start": "00:02:38", "end": "00:02:43", "text": "tightening playing into cycles. Number"}, {"start": "00:02:41", "end": "00:02:46", "text": "two is this because and this"}, {"start": "00:02:43", "end": "00:02:47", "text": "demonstrates something very nicely when"}, {"start": "00:02:46", "end": "00:02:51", "text": "we bring into play the PMI and the"}, {"start": "00:02:47", "end": "00:02:54", "text": "business cycle there is just a 100%"}, {"start": "00:02:51", "end": "00:02:56", "text": "consistent correlation across crypto"}, {"start": "00:02:54", "end": "00:02:59", "text": "bull markets and bare markets. So if you"}, {"start": "00:02:56", "end": "00:03:01", "text": "look at last bare market for instance or"}, {"start": "00:02:59", "end": "00:03:03", "text": "whatever two years ago wherever or not"}, {"start": "00:03:01", "end": "00:03:05", "text": "two years two bare markets ago back here"}, {"start": "00:03:03", "end": "00:03:06", "text": "you see that contraction with the"}, {"start": "00:03:05", "end": "00:03:09", "text": "quantitative tightening. It's a bare"}, {"start": "00:03:06", "end": "00:03:10", "text": "market and then you see this contraction"}, {"start": "00:03:09", "end": "00:03:13", "text": "right here entering into this bare"}, {"start": "00:03:10", "end": "00:03:15", "text": "market. It wasn't just contraction it"}, {"start": "00:03:13", "end": "00:03:17", "text": "was record-breaking"}, {"start": "00:03:15", "end": "00:03:21", "text": "sideways, right? Record-breaking"}, {"start": "00:03:17", "end": "00:03:23", "text": "consolidation. And notice when PMI"}, {"start": "00:03:21", "end": "00:03:25", "text": "started to finally almost break out."}, {"start": "00:03:23", "end": "00:03:27", "text": "Interestingly enough, you actually see"}, {"start": "00:03:25", "end": "00:03:30", "text": "right here almost breaking out. Almost"}, {"start": "00:03:27", "end": "00:03:32", "text": "breaking out right here approaching like"}, {"start": "00:03:30", "end": "00:03:34", "text": "50, which is the bull market area for"}, {"start": "00:03:32", "end": "00:03:36", "text": "this green line. 50 is when we 50 plus"}, {"start": "00:03:34", "end": "00:03:38", "text": "consistently is when we get bull"}, {"start": "00:03:36", "end": "00:03:40", "text": "markets. Interestingly enough, you see"}, {"start": "00:03:38", "end": "00:03:42", "text": "the crypto charts kind of making a move"}, {"start": "00:03:40", "end": "00:03:45", "text": "with it and then contracting with it and"}, {"start": "00:03:42", "end": "00:03:47", "text": "then a move with it and then contracting"}, {"start": "00:03:45", "end": "00:03:49", "text": "with it. So here's where we are right"}, {"start": "00:03:47", "end": "00:03:52", "text": "now. We are, in my opinion, getting"}, {"start": "00:03:49", "end": "00:03:54", "text": "ready to finally, after years of PMI"}, {"start": "00:03:52", "end": "00:03:55", "text": "suppression. We're getting ready to"}, {"start": "00:03:54", "end": "00:03:58", "text": "enter"}, {"start": "00:03:55", "end": "00:04:01", "text": "expansion and we're at 54 on the PMI"}, {"start": "00:03:58", "end": "00:04:03", "text": "right now. We just printed higher. But I"}, {"start": "00:04:01", "end": "00:04:05", "text": "know I talk about this all the time, but"}, {"start": "00:04:03", "end": "00:04:07", "text": "here's where things become interesting"}, {"start": "00:04:05", "end": "00:04:12", "text": "in terms of where we are in the crypto"}, {"start": "00:04:07", "end": "00:04:15", "text": "cycle. I think we are right around here."}, {"start": "00:04:12", "end": "00:04:18", "text": "We are towards the end of not only a"}, {"start": "00:04:15", "end": "00:04:20", "text": "bare market and yes all of this is bare"}, {"start": "00:04:18", "end": "00:04:21", "text": "market in my opinion but we're also"}, {"start": "00:04:20", "end": "00:04:22", "text": "towards the end of the postquantitative"}, {"start": "00:04:21", "end": "00:04:26", "text": "tightening dip I've been talking about"}, {"start": "00:04:22", "end": "00:04:28", "text": "all year long this normalization phase"}, {"start": "00:04:26", "end": "00:04:30", "text": "that crypto has to go through after"}, {"start": "00:04:28", "end": "00:04:32", "text": "quantitative tightening ends. I think we"}, {"start": "00:04:30", "end": "00:04:33", "text": "are towards the end of that and that"}, {"start": "00:04:32", "end": "00:04:36", "text": "would be like right around here if we're"}, {"start": "00:04:33", "end": "00:04:39", "text": "comparing last cycle in 2019. So, we're"}, {"start": "00:04:36", "end": "00:04:41", "text": "in like this December 2019 area and is"}, {"start": "00:04:39", "end": "00:04:43", "text": "very interesting because not only is it"}, {"start": "00:04:41", "end": "00:04:46", "text": "the post QT dip which lasted months and"}, {"start": "00:04:43", "end": "00:04:48", "text": "was pretty tough, but it's also right at"}, {"start": "00:04:46", "end": "00:04:51", "text": "the confluence of this pivot in business"}, {"start": "00:04:48", "end": "00:04:53", "text": "cycle, right? Meaning, we had this bare"}, {"start": "00:04:51", "end": "00:04:55", "text": "market contraction on the business cycle"}, {"start": "00:04:53", "end": "00:04:58", "text": "and then finally we went into expansion."}, {"start": "00:04:55", "end": "00:05:01", "text": "Well, now we're at the confluence of"}, {"start": "00:04:58", "end": "00:05:05", "text": "that same exact pivot out of QT, right?"}, {"start": "00:05:01", "end": "00:05:06", "text": "but also into this new world of PMI"}, {"start": "00:05:05", "end": "00:05:08", "text": "expansion. And I don't know how this"}, {"start": "00:05:06", "end": "00:05:10", "text": "will play out or how it will look this"}, {"start": "00:05:08", "end": "00:05:12", "text": "time. We know how it looked last time"}, {"start": "00:05:10", "end": "00:05:13", "text": "and COVID played right into that and"}, {"start": "00:05:12", "end": "00:05:15", "text": "what they were doing at the Fed and all"}, {"start": "00:05:13", "end": "00:05:16", "text": "that. I don't know what it will look"}, {"start": "00:05:15", "end": "00:05:18", "text": "like this time, but I think AI"}, {"start": "00:05:16", "end": "00:05:21", "text": "productivity and a productivity boom, an"}, {"start": "00:05:18", "end": "00:05:23", "text": "economic expansion boom will play into"}, {"start": "00:05:21", "end": "00:05:25", "text": "it this time and I I don't know how the"}, {"start": "00:05:23", "end": "00:05:27", "text": "line will look, but that's where we are."}, {"start": "00:05:25", "end": "00:05:30", "text": "So the similarities of where we are"}, {"start": "00:05:27", "end": "00:05:32", "text": "right now, postQT dip, PMI starting to"}, {"start": "00:05:30", "end": "00:05:36", "text": "expand, very similar to the transition"}, {"start": "00:05:32", "end": "00:05:39", "text": "we had last cycle. Post QT dip 2019,"}, {"start": "00:05:36", "end": "00:05:42", "text": "right at the intersection of a PMI kind"}, {"start": "00:05:39", "end": "00:05:44", "text": "of exchange from contraction into"}, {"start": "00:05:42", "end": "00:05:46", "text": "expansion. So I know that is a long"}, {"start": "00:05:44", "end": "00:05:48", "text": "preface to this video, but it is just"}, {"start": "00:05:46", "end": "00:05:51", "text": "it's so important. And I don't I don't"}, {"start": "00:05:48", "end": "00:05:52", "text": "mean to repeat myself so much, but when"}, {"start": "00:05:51", "end": "00:05:55", "text": "I'm talking about something, if I'm"}, {"start": "00:05:52", "end": "00:05:57", "text": "doing a full video talking about what's"}, {"start": "00:05:55", "end": "00:05:59", "text": "happening here, I have to bring in that"}, {"start": "00:05:57", "end": "00:06:01", "text": "context into play. So, if you're a"}, {"start": "00:05:59", "end": "00:06:04", "text": "repeat a repeat viewer, thank you for"}, {"start": "00:06:01", "end": "00:06:06", "text": "watching as I continually explain that."}, {"start": "00:06:04", "end": "00:06:09", "text": "I just think it's important for new"}, {"start": "00:06:06", "end": "00:06:11", "text": "viewers. So, now let's pivot. We're"}, {"start": "00:06:09", "end": "00:06:14", "text": "going to start pivoting to this altcoin"}, {"start": "00:06:11", "end": "00:06:17", "text": "BTC chart."}, {"start": "00:06:14", "end": "00:06:19", "text": "I want to start by just showing you"}, {"start": "00:06:17", "end": "00:06:22", "text": "right now today as markets are doing"}, {"start": "00:06:19", "end": "00:06:24", "text": "what they're doing. Just notice copper"}, {"start": "00:06:22", "end": "00:06:28", "text": "versus gold. You can actually even see"}, {"start": "00:06:24", "end": "00:06:31", "text": "over here gold down around a percent,"}, {"start": "00:06:28", "end": "00:06:34", "text": "copper up like 7% in my sidebar over"}, {"start": "00:06:31", "end": "00:06:37", "text": "here. This is copper versus gold on the"}, {"start": "00:06:34", "end": "00:06:39", "text": "chart. And this is exactly what I've"}, {"start": "00:06:37", "end": "00:06:40", "text": "been talking about. When we start"}, {"start": "00:06:39", "end": "00:06:42", "text": "seeing, and I don't know why this"}, {"start": "00:06:40", "end": "00:06:44", "text": "indicator, the PMI indicator that I have"}, {"start": "00:06:42", "end": "00:06:46", "text": "here, it should be, it has this like"}, {"start": "00:06:44", "end": "00:06:48", "text": "tick up to 54. It's not showing, but"}, {"start": "00:06:46", "end": "00:06:52", "text": "when we start seeing expansion on the"}, {"start": "00:06:48", "end": "00:06:54", "text": "PMI, similar to altcoins, we see copper"}, {"start": "00:06:52", "end": "00:06:57", "text": "versus gold start expanding. And look at"}, {"start": "00:06:54", "end": "00:06:59", "text": "the PMI correlation on this chart. This"}, {"start": "00:06:57", "end": "00:07:02", "text": "is copper versus gold. This is a very"}, {"start": "00:06:59", "end": "00:07:05", "text": "important indicator if you're watching"}, {"start": "00:07:02", "end": "00:07:08", "text": "altcoins, at least for me, because I"}, {"start": "00:07:05", "end": "00:07:11", "text": "want to see the continual strength of"}, {"start": "00:07:08", "end": "00:07:13", "text": "copper versus gold to be a preface to be"}, {"start": "00:07:11", "end": "00:07:16", "text": "an indicator for altcoins. Because"}, {"start": "00:07:13", "end": "00:07:18", "text": "again, all of this all of the liquidity"}, {"start": "00:07:16", "end": "00:07:22", "text": "that we're talking about it it's it's"}, {"start": "00:07:18", "end": "00:07:24", "text": "waiting game for all of that liquidity"}, {"start": "00:07:22", "end": "00:07:26", "text": "to finally end up down the risk curve."}, {"start": "00:07:24", "end": "00:07:30", "text": "And that's why we start seeing things"}, {"start": "00:07:26", "end": "00:07:33", "text": "like copper gold, right? Or altcoins be"}, {"start": "00:07:30", "end": "00:07:36", "text": "so correlated to things like expansion"}, {"start": "00:07:33", "end": "00:07:38", "text": "on the PMI."}, {"start": "00:07:36", "end": "00:07:39", "text": "So this is copper versus gold. So it's"}, {"start": "00:07:38", "end": "00:07:41", "text": "important just to note what copper"}, {"start": "00:07:39", "end": "00:07:43", "text": "versus gold is doing while this chart is"}, {"start": "00:07:41", "end": "00:07:47", "text": "doing what it's doing and that is"}, {"start": "00:07:43", "end": "00:07:50", "text": "altcoins versus BTC. So if we look at"}, {"start": "00:07:47", "end": "00:07:52", "text": "this now and we start bringing into play"}, {"start": "00:07:50", "end": "00:07:54", "text": "time frames because this is where things"}, {"start": "00:07:52", "end": "00:07:56", "text": "become interesting to me. It's not just"}, {"start": "00:07:54", "end": "00:07:58", "text": "all right years of downtrend for"}, {"start": "00:07:56", "end": "00:08:01", "text": "altcoins. I think it's very explained"}, {"start": "00:07:58", "end": "00:08:04", "text": "why altcoins have not had a bull market."}, {"start": "00:08:01", "end": "00:08:06", "text": "It's very explained on this chart. And"}, {"start": "00:08:04", "end": "00:08:08", "text": "that is to say, we've been in"}, {"start": "00:08:06", "end": "00:08:09", "text": "record-breaking suppression of the"}, {"start": "00:08:08", "end": "00:08:11", "text": "business cycle, contraction of the"}, {"start": "00:08:09", "end": "00:08:14", "text": "business cycle. This is what happened"}, {"start": "00:08:11", "end": "00:08:17", "text": "last bare market. And crypto altcoins"}, {"start": "00:08:14", "end": "00:08:19", "text": "particular do not do well in that"}, {"start": "00:08:17", "end": "00:08:21", "text": "environment. They do not do well against"}, {"start": "00:08:19", "end": "00:08:23", "text": "Bitcoin. Go to a Bitcoin dominance"}, {"start": "00:08:21", "end": "00:08:24", "text": "chart. Look in these periods of"}, {"start": "00:08:23", "end": "00:08:27", "text": "quantitative tightening what Bitcoin"}, {"start": "00:08:24", "end": "00:08:30", "text": "dominance was doing. Look at that. It's"}, {"start": "00:08:27", "end": "00:08:32", "text": "it's going up. So if quantitative"}, {"start": "00:08:30", "end": "00:08:35", "text": "tightening ends and we see last cycle,"}, {"start": "00:08:32", "end": "00:08:37", "text": "Bitcoin dominance, it's basically"}, {"start": "00:08:35", "end": "00:08:39", "text": "putting in its top and altcoins are"}, {"start": "00:08:37", "end": "00:08:40", "text": "coming into play with power. There's"}, {"start": "00:08:39", "end": "00:08:43", "text": "consolidation back to the top and then"}, {"start": "00:08:40", "end": "00:08:45", "text": "altcoin season."}, {"start": "00:08:43", "end": "00:08:47", "text": "My theory is that we're in a similar"}, {"start": "00:08:45", "end": "00:08:50", "text": "environment, right? QT ended, we've been"}, {"start": "00:08:47", "end": "00:08:52", "text": "sideways. This could pump back up. We"}, {"start": "00:08:50", "end": "00:08:54", "text": "could come back down. I don't know how"}, {"start": "00:08:52", "end": "00:08:55", "text": "it's going to play out this cycle. I'm"}, {"start": "00:08:54", "end": "00:08:56", "text": "not going to sit here and say it's going"}, {"start": "00:08:55", "end": "00:08:58", "text": "to be the same as last cycle because"}, {"start": "00:08:56", "end": "00:09:00", "text": "that would be ridiculous. But you can"}, {"start": "00:08:58", "end": "00:09:03", "text": "see the similarities. Bitcoin dominance"}, {"start": "00:09:00", "end": "00:09:05", "text": "pumping during quantitative tightening."}, {"start": "00:09:03", "end": "00:09:07", "text": "But now quantitative tightening over and"}, {"start": "00:09:05", "end": "00:09:09", "text": "it's been very sideways, you know, and"}, {"start": "00:09:07", "end": "00:09:12", "text": "volatile. And that's how it was last"}, {"start": "00:09:09", "end": "00:09:15", "text": "cycle. Now if you notice if we go back"}, {"start": "00:09:12", "end": "00:09:18", "text": "to the other's BTC chart last cycle"}, {"start": "00:09:15", "end": "00:09:20", "text": "altcoins really took off not only post"}, {"start": "00:09:18", "end": "00:09:23", "text": "QT but with expansion of the business"}, {"start": "00:09:20", "end": "00:09:25", "text": "cycle. So that's why my theory is"}, {"start": "00:09:23", "end": "00:09:27", "text": "altcoins will outperform Bitcoin"}, {"start": "00:09:25", "end": "00:09:30", "text": "especially now if we're going into this"}, {"start": "00:09:27", "end": "00:09:32", "text": "period of PMI expansion. So to put all"}, {"start": "00:09:30", "end": "00:09:34", "text": "this together from a time frame"}, {"start": "00:09:32", "end": "00:09:36", "text": "perspective, if we look at last cycle"}, {"start": "00:09:34", "end": "00:09:39", "text": "when QT ended, we are looking at end of"}, {"start": "00:09:36", "end": "00:09:43", "text": "July of 2019,"}, {"start": "00:09:39", "end": "00:09:48", "text": "December 1st, 2025, it ended this cycle."}, {"start": "00:09:43", "end": "00:09:50", "text": "We are 182 days past QT ending and you"}, {"start": "00:09:48", "end": "00:09:55", "text": "see that altcoins versus BTC have"}, {"start": "00:09:50", "end": "00:09:58", "text": "trended up 182 days post quantitative"}, {"start": "00:09:55", "end": "00:10:01", "text": "tightening in 2019. You see altcoins"}, {"start": "00:09:58", "end": "00:10:03", "text": "versus BTC have trended up. Now the"}, {"start": "00:10:01", "end": "00:10:06", "text": "biggest thing that we are waiting for is"}, {"start": "00:10:03", "end": "00:10:10", "text": "again the confluence of that postQT dip"}, {"start": "00:10:06", "end": "00:10:12", "text": "ending as well as this PMI expansion"}, {"start": "00:10:10", "end": "00:10:15", "text": "because those two ingredients alone for"}, {"start": "00:10:12", "end": "00:10:18", "text": "altcoins is what altcoins want. It's"}, {"start": "00:10:15", "end": "00:10:21", "text": "what they need from from just this sole"}, {"start": "00:10:18", "end": "00:10:23", "text": "perspective of that liquidity making its"}, {"start": "00:10:21", "end": "00:10:26", "text": "way down the risk curve because it is a"}, {"start": "00:10:23", "end": "00:10:29", "text": "very it's it's very small valuation"}, {"start": "00:10:26", "end": "00:10:31", "text": "altcoin markets and so when liquidity"}, {"start": "00:10:29", "end": "00:10:33", "text": "ends up there that's why you see just a"}, {"start": "00:10:31", "end": "00:10:35", "text": "power move that's why you see it happen"}, {"start": "00:10:33", "end": "00:10:38", "text": "aggressively and very fast right and"}, {"start": "00:10:35", "end": "00:10:41", "text": "powerfully with with a lot of gains so"}, {"start": "00:10:38", "end": "00:10:43", "text": "we are really in this window where QT"}, {"start": "00:10:41", "end": "00:10:46", "text": "just ended the normalization phase I"}, {"start": "00:10:43", "end": "00:10:48", "text": "think is coming to an and and PMI is"}, {"start": "00:10:46", "end": "00:10:50", "text": "starting to expand. So this becomes very"}, {"start": "00:10:48", "end": "00:10:52", "text": "interesting because now we have"}, {"start": "00:10:50", "end": "00:10:54", "text": "everything lining up from time frame"}, {"start": "00:10:52", "end": "00:10:59", "text": "when we look at what happened last cycle"}, {"start": "00:10:54", "end": "00:11:01", "text": "from PMI to QT. Now all of that being"}, {"start": "00:10:59", "end": "00:11:02", "text": "said, notice where we are. We're at this"}, {"start": "00:11:01", "end": "00:11:05", "text": "trend line which is very interesting"}, {"start": "00:11:02", "end": "00:11:07", "text": "because at the same moment last cycle,"}, {"start": "00:11:05", "end": "00:11:10", "text": "this altcoin chart was breaking out of"}, {"start": "00:11:07", "end": "00:11:13", "text": "that trend, right? basically the bare"}, {"start": "00:11:10", "end": "00:11:17", "text": "market trend in 2019 going right into"}, {"start": "00:11:13", "end": "00:11:21", "text": "2020 it broke that trend that is why I'm"}, {"start": "00:11:17", "end": "00:11:23", "text": "saying we are in that very similar area"}, {"start": "00:11:21", "end": "00:11:25", "text": "is the trend going to break right now"}, {"start": "00:11:23", "end": "00:11:27", "text": "like in the next week two weeks I don't"}, {"start": "00:11:25", "end": "00:11:30", "text": "know we might get rejected again and we"}, {"start": "00:11:27", "end": "00:11:32", "text": "might squeeze further to the downside"}, {"start": "00:11:30", "end": "00:11:34", "text": "and maybe PMI contracts a little bit and"}, {"start": "00:11:32", "end": "00:11:37", "text": "maybe we're just still waiting and being"}, {"start": "00:11:34", "end": "00:11:41", "text": "squeezed but you can just see we are"}, {"start": "00:11:37", "end": "00:11:44", "text": "getting squeezed right now at this cycle"}, {"start": "00:11:41", "end": "00:11:48", "text": "shift, the pivot of cycles after"}, {"start": "00:11:44", "end": "00:11:51", "text": "record-breaking years of contraction is"}, {"start": "00:11:48", "end": "00:11:52", "text": "here. And so, I don't know how that will"}, {"start": "00:11:51", "end": "00:11:55", "text": "play out. I don't know how long it will"}, {"start": "00:11:52", "end": "00:11:58", "text": "take. But what I do know is on red days"}, {"start": "00:11:55", "end": "00:12:01", "text": "like this, it becomes even more kind of"}, {"start": "00:11:58", "end": "00:12:04", "text": "clear what is happening right now. And"}, {"start": "00:12:01", "end": "00:12:07", "text": "that is to say, altcoins are, I think,"}, {"start": "00:12:04", "end": "00:12:10", "text": "in a multi-year, multicycle pivot point."}, {"start": "00:12:07", "end": "00:12:13", "text": "And that reversal is in in the works"}, {"start": "00:12:10", "end": "00:12:15", "text": "right now in a very similar way that the"}, {"start": "00:12:13", "end": "00:12:17", "text": "reversal was in the w the works"}, {"start": "00:12:15", "end": "00:12:19", "text": "postquantitative tightening last cycle."}, {"start": "00:12:17", "end": "00:12:22", "text": "They were looking their worst. It was"}, {"start": "00:12:19", "end": "00:12:24", "text": "looking really bad for crypto and all of"}, {"start": "00:12:22", "end": "00:12:26", "text": "a sudden just all coins even versus BTC"}, {"start": "00:12:24", "end": "00:12:29", "text": "on this chart. They're just breaking"}, {"start": "00:12:26", "end": "00:12:31", "text": "out. What is going on there? Right? And"}, {"start": "00:12:29", "end": "00:12:33", "text": "so that is so meaningful. And then when"}, {"start": "00:12:31", "end": "00:12:35", "text": "you bring into play, if you zoom out on"}, {"start": "00:12:33", "end": "00:12:37", "text": "a Bitcoin chart, you bring into play"}, {"start": "00:12:35", "end": "00:12:40", "text": "things that are happening on the Bitcoin"}, {"start": "00:12:37", "end": "00:12:41", "text": "alone, Bitcoin chart alone, that is the"}, {"start": "00:12:40", "end": "00:12:43", "text": "the bullish divergence that I just"}, {"start": "00:12:41", "end": "00:12:45", "text": "talked about in yesterday's video that"}, {"start": "00:12:43", "end": "00:12:46", "text": "you see here. This RSI with the higher"}, {"start": "00:12:45", "end": "00:12:49", "text": "low, it's the same exact thing that"}, {"start": "00:12:46", "end": "00:12:52", "text": "happened in 2022 low. The fact that"}, {"start": "00:12:49", "end": "00:12:54", "text": "we're oversold in ways that we were"}, {"start": "00:12:52", "end": "00:12:56", "text": "oversold in every bare market low, the"}, {"start": "00:12:54", "end": "00:12:59", "text": "fact that Bitcoin right now is at the"}, {"start": "00:12:56", "end": "00:13:01", "text": "200E moving average. I know in 2022 it"}, {"start": "00:12:59", "end": "00:13:04", "text": "fell below the 200week moving average"}, {"start": "00:13:01", "end": "00:13:07", "text": "but 2018 it saw support at the 200E"}, {"start": "00:13:04", "end": "00:13:10", "text": "moving average. Um you can even go back"}, {"start": "00:13:07", "end": "00:13:12", "text": "all the way back here. 2015 200E moving"}, {"start": "00:13:10", "end": "00:13:14", "text": "average. Right in that range was the"}, {"start": "00:13:12", "end": "00:13:17", "text": "bottom. Maybe we go lower, maybe we"}, {"start": "00:13:14", "end": "00:13:19", "text": "trickle lower, right?"}, {"start": "00:13:17", "end": "00:13:20", "text": "It's it's just not the time in my view"}, {"start": "00:13:19", "end": "00:13:22", "text": "unless you think crypto is done. It's"}, {"start": "00:13:20", "end": "00:13:25", "text": "going to zero. It's not my it's not the"}, {"start": "00:13:22", "end": "00:13:29", "text": "time in my view to be bearish on the"}, {"start": "00:13:25", "end": "00:13:32", "text": "crypto space and that's just my opinion."}, {"start": "00:13:29", "end": "00:13:34", "text": "So all of these things lining up others"}, {"start": "00:13:32", "end": "00:13:36", "text": "BTC in a very interesting area and this"}, {"start": "00:13:34", "end": "00:13:38", "text": "is really the area that I'm going to be"}, {"start": "00:13:36", "end": "00:13:40", "text": "watching and just kind of keeping an eye"}, {"start": "00:13:38", "end": "00:13:42", "text": "on maybe we consolidate back down. Look"}, {"start": "00:13:40", "end": "00:13:43", "text": "at this 20week moving average just"}, {"start": "00:13:42", "end": "00:13:46", "text": "getting above that 50week moving"}, {"start": "00:13:43", "end": "00:13:48", "text": "average. That is a very big deal. This"}, {"start": "00:13:46", "end": "00:13:50", "text": "is a move that happened right back here."}, {"start": "00:13:48", "end": "00:13:54", "text": "If you look at this move, 20week moving"}, {"start": "00:13:50", "end": "00:13:56", "text": "average March 2020, right? And if if you"}, {"start": "00:13:54", "end": "00:13:59", "text": "want to get a really good sense of that,"}, {"start": "00:13:56", "end": "00:14:01", "text": "that move happened 224 days"}, {"start": "00:13:59", "end": "00:14:05", "text": "postquantitative tightening when it"}, {"start": "00:14:01", "end": "00:14:08", "text": "ended, right? So look at this this two"}, {"start": "00:14:05", "end": "00:14:12", "text": "20we above the 50 that happened"}, {"start": "00:14:08", "end": "00:14:16", "text": "basically 175 days post QT. This is a"}, {"start": "00:14:12", "end": "00:14:18", "text": "macro cycle shift in my opinion for"}, {"start": "00:14:16", "end": "00:14:21", "text": "crypto and we're going to be really"}, {"start": "00:14:18", "end": "00:14:22", "text": "tracking to see how this plays out. I"}, {"start": "00:14:21", "end": "00:14:24", "text": "wanted to bring the data to you. I hope"}, {"start": "00:14:22", "end": "00:14:26", "text": "it was valuable. I hope you get a little"}, {"start": "00:14:24", "end": "00:14:29", "text": "bit of a different look on the altcoin"}, {"start": "00:14:26", "end": "00:14:31", "text": "market cap charts uh versus BTC. That"}, {"start": "00:14:29", "end": "00:14:33", "text": "was the goal here. I don't mean to keep"}, {"start": "00:14:31", "end": "00:14:36", "text": "kind of repeating myself, but I have to"}, {"start": "00:14:33", "end": "00:14:39", "text": "I have to preface the video with this"}, {"start": "00:14:36", "end": "00:14:41", "text": "data because at the end of the day, I"}, {"start": "00:14:39", "end": "00:14:43", "text": "think for the masses in this ind in this"}, {"start": "00:14:41", "end": "00:14:45", "text": "industry, for the masses in this"}, {"start": "00:14:43", "end": "00:14:48", "text": "industry,"}, {"start": "00:14:45", "end": "00:14:51", "text": "the idea of fourear cycle is just so"}, {"start": "00:14:48", "end": "00:14:53", "text": "less stressful and just so much easier"}, {"start": "00:14:51", "end": "00:14:55", "text": "to understand and just accept because"}, {"start": "00:14:53", "end": "00:14:57", "text": "it's like, oh, crypto's on a four-year"}, {"start": "00:14:55", "end": "00:15:00", "text": "calendar. That makes sense. That's that"}, {"start": "00:14:57", "end": "00:15:03", "text": "is what it is. to accept the four-year"}, {"start": "00:15:00", "end": "00:15:05", "text": "cycle and the PMI business cycle and"}, {"start": "00:15:03", "end": "00:15:08", "text": "post-quantitative tightening and all of"}, {"start": "00:15:05", "end": "00:15:09", "text": "these things. To accept that means to"}, {"start": "00:15:08", "end": "00:15:11", "text": "understand what even any of that is,"}, {"start": "00:15:09", "end": "00:15:13", "text": "what that means. What are the mechanics"}, {"start": "00:15:11", "end": "00:15:17", "text": "behind that? What what does that have to"}, {"start": "00:15:13", "end": "00:15:19", "text": "do with crypto? But the correlation of"}, {"start": "00:15:17", "end": "00:15:21", "text": "business cycle and of quantitative"}, {"start": "00:15:19", "end": "00:15:24", "text": "tightening and the end of quantitative"}, {"start": "00:15:21", "end": "00:15:27", "text": "tightening is so obvious to me or at"}, {"start": "00:15:24", "end": "00:15:29", "text": "least so clear to me that it's worth"}, {"start": "00:15:27", "end": "00:15:32", "text": "paying attention to and it's worth"}, {"start": "00:15:29", "end": "00:15:34", "text": "taking the time. I know the majority of"}, {"start": "00:15:32", "end": "00:15:38", "text": "people will probably gravitate towards"}, {"start": "00:15:34", "end": "00:15:39", "text": "fourear cycle theory, but for me I think"}, {"start": "00:15:38", "end": "00:15:42", "text": "there's something bigger going on than"}, {"start": "00:15:39", "end": "00:15:44", "text": "just crypto's on a four-year cycle. It's"}, {"start": "00:15:42", "end": "00:15:48", "text": "on a calendar. And I think it's this and"}, {"start": "00:15:44", "end": "00:15:53", "text": "four-year cycle just happens to just"}, {"start": "00:15:48", "end": "00:15:55", "text": "line up with the PMI so well. But maybe"}, {"start": "00:15:53", "end": "00:15:57", "text": "that is getting ready to break and we"}, {"start": "00:15:55", "end": "00:15:59", "text": "will find out soon. So these are my"}, {"start": "00:15:57", "end": "00:16:00", "text": "thoughts today. I appreciate you"}, {"start": "00:15:59", "end": "00:16:02", "text": "watching. If you're not a subscriber,"}, {"start": "00:16:00", "end": "00:16:03", "text": "please subscribe. Turn notifications on."}, {"start": "00:16:02", "end": "00:16:06", "text": "I'll see you in the next video. God"}, {"start": "00:16:03", "end": "00:16:06", "text": "bless."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Just around a week ago, Michael Sailor"}, {"start": "00:00:02", "end": "00:00:06", "text": "sold $2.5 million in Bitcoin. Many"}, {"start": "00:00:05", "end": "00:00:08", "text": "people in the industry, as well as tons"}, {"start": "00:00:06", "end": "00:00:10", "text": "of headlines, freaking out about it."}, {"start": "00:00:08", "end": "00:00:12", "text": "Now, around a week later, Michael Sailor"}, {"start": "00:00:10", "end": "00:00:15", "text": "has bought over $und00 million in"}, {"start": "00:00:12", "end": "00:00:17", "text": "Bitcoin. What is going on there? All the"}, {"start": "00:00:15", "end": "00:00:20", "text": "while, right now, Bitcoin putting in a"}, {"start": "00:00:17", "end": "00:00:21", "text": "bullish indicator signal that has only"}, {"start": "00:00:20", "end": "00:00:24", "text": "happened one time before, and that was"}, {"start": "00:00:21", "end": "00:00:27", "text": "at the 2022 bottom. What does that mean"}, {"start": "00:00:24", "end": "00:00:29", "text": "for this cycle in terms of the bottom?"}, {"start": "00:00:27", "end": "00:00:31", "text": "And more importantly, what does it mean"}, {"start": "00:00:29", "end": "00:00:34", "text": "for altcoins and their dominance that"}, {"start": "00:00:31", "end": "00:00:37", "text": "has been increasing over the course of"}, {"start": "00:00:34", "end": "00:00:37", "text": "months?"}, {"start": "00:00:39", "end": "00:00:42", "text": "What's up everyone? Welcome to Crypto"}, {"start": "00:00:40", "end": "00:00:44", "text": "Capital Venture. Hit the subscribe on"}, {"start": "00:00:42", "end": "00:00:45", "text": "the way in. It means a ton. This is the"}, {"start": "00:00:44", "end": "00:00:48", "text": "Bitcoin chart. We're going to get into"}, {"start": "00:00:45", "end": "00:00:52", "text": "it. Before we do, here's the headline of"}, {"start": "00:00:48", "end": "00:00:55", "text": "the day. Strategy has acquired 1550"}, {"start": "00:00:52", "end": "00:00:59", "text": "Bitcoin for $101 million to increase our"}, {"start": "00:00:55", "end": "00:01:01", "text": "BTC reserve to $845,256"}, {"start": "00:00:59", "end": "00:01:05", "text": "Bitcoin. We've also increased our USD"}, {"start": "00:01:01", "end": "00:01:09", "text": "reserve by $100 million to a billion"}, {"start": "00:01:05", "end": "00:01:10", "text": "dollars. So there's actually I I want to"}, {"start": "00:01:09", "end": "00:01:11", "text": "speak about this for a moment, but"}, {"start": "00:01:10", "end": "00:01:13", "text": "there's a broader point that I just want"}, {"start": "00:01:11", "end": "00:01:16", "text": "to make to all of you out there that are"}, {"start": "00:01:13", "end": "00:01:17", "text": "hanging out in cryptoland with me"}, {"start": "00:01:16", "end": "00:01:18", "text": "because that's what we're doing. We're"}, {"start": "00:01:17", "end": "00:01:20", "text": "hanging out and we're going with the"}, {"start": "00:01:18", "end": "00:01:22", "text": "volatility, the crazy waters of every"}, {"start": "00:01:20", "end": "00:01:25", "text": "day. It's It's different every day. The"}, {"start": "00:01:22", "end": "00:01:27", "text": "headlines are crazy. Bitcoin's broken"}, {"start": "00:01:25", "end": "00:01:30", "text": "promise wipes out billions in bullish"}, {"start": "00:01:27", "end": "00:01:32", "text": "crypto bets. This was this was Bloomberg"}, {"start": "00:01:30", "end": "00:01:35", "text": "like a week ago. Actually, three days"}, {"start": "00:01:32", "end": "00:01:36", "text": "ago, because that was it. June 1st, I"}, {"start": "00:01:35", "end": "00:01:40", "text": "think it was a Sailor all the headlines"}, {"start": "00:01:36", "end": "00:01:42", "text": "came out. Sailor sold. Sailor sold $2"}, {"start": "00:01:40", "end": "00:01:47", "text": "half million Bitcoin. Sailor's Bitcoin"}, {"start": "00:01:42", "end": "00:01:47", "text": "machine is misfiring on every cylinder."}, {"start": "00:01:47", "end": "00:01:53", "text": "I don't think it's a lack of due"}, {"start": "00:01:49", "end": "00:01:55", "text": "diligence, but when when when Sailor"}, {"start": "00:01:53", "end": "00:01:57", "text": "sold his Bitcoin last week, the two and"}, {"start": "00:01:55", "end": "00:01:59", "text": "a half million, I posted this. If you"}, {"start": "00:01:57", "end": "00:02:00", "text": "think Sailor shorting or bearish Bitcoin"}, {"start": "00:01:59", "end": "00:02:02", "text": "because headlines or analysts are"}, {"start": "00:02:00", "end": "00:02:04", "text": "telling you so, please read what"}, {"start": "00:02:02", "end": "00:02:06", "text": "actually happened. Sailor is"}, {"start": "00:02:04", "end": "00:02:08", "text": "implementing the exact mechanism he's"}, {"start": "00:02:06", "end": "00:02:10", "text": "been describing in keynotes for years."}, {"start": "00:02:08", "end": "00:02:12", "text": "Strategy sold a ridiculously small"}, {"start": "00:02:10", "end": "00:02:14", "text": "portion of BTC to fund distributions on"}, {"start": "00:02:12", "end": "00:02:16", "text": "its preferred stock. Not because it"}, {"start": "00:02:14", "end": "00:02:18", "text": "needed the money, but to prove"}, {"start": "00:02:16", "end": "00:02:20", "text": "something. A corporation is now using"}, {"start": "00:02:18", "end": "00:02:22", "text": "Bitcoin the way it uses any highquality"}, {"start": "00:02:20", "end": "00:02:25", "text": "reserve. What's an insanely bullish"}, {"start": "00:02:22", "end": "00:02:27", "text": "thing is being painted as bearish while"}, {"start": "00:02:25", "end": "00:02:31", "text": "crypto is at bare market oversold and"}, {"start": "00:02:27", "end": "00:02:33", "text": "PMI is expanding. Just crazy. Because I"}, {"start": "00:02:31", "end": "00:02:36", "text": "think it is just crazy. And I know I"}, {"start": "00:02:33", "end": "00:02:37", "text": "know the majority of you I think out"}, {"start": "00:02:36", "end": "00:02:41", "text": "there the majority of the industry right"}, {"start": "00:02:37", "end": "00:02:43", "text": "now is is it's done. It's locked."}, {"start": "00:02:41", "end": "00:02:45", "text": "October 4th will be the bottom. It's"}, {"start": "00:02:43", "end": "00:02:47", "text": "going to be messy until then. I know."}, {"start": "00:02:45", "end": "00:02:50", "text": "But I'm going to sit here and I'm just"}, {"start": "00:02:47", "end": "00:02:54", "text": "going to continue to present data as I"}, {"start": "00:02:50", "end": "00:02:55", "text": "see it. And that is this. By the way,"}, {"start": "00:02:54", "end": "00:02:57", "text": "there's a ton of different pieces of"}, {"start": "00:02:55", "end": "00:03:00", "text": "data points, but today the the indicator"}, {"start": "00:02:57", "end": "00:03:02", "text": "that I want to show you is an indicator"}, {"start": "00:03:00", "end": "00:03:04", "text": "that the last time it happened and the"}, {"start": "00:03:02", "end": "00:03:06", "text": "only other time that this happened, it"}, {"start": "00:03:04", "end": "00:03:08", "text": "just marked the bottom. You can't not"}, {"start": "00:03:06", "end": "00:03:09", "text": "pay attention to that. At the very"}, {"start": "00:03:08", "end": "00:03:12", "text": "least, even if you think we bottom in"}, {"start": "00:03:09", "end": "00:03:14", "text": "October, you should consider this. And"}, {"start": "00:03:12", "end": "00:03:17", "text": "this is what the indicator is. It's the"}, {"start": "00:03:14", "end": "00:03:19", "text": "RSI, which is a phenomenally popular"}, {"start": "00:03:17", "end": "00:03:22", "text": "momentum oscillator. It's a slower"}, {"start": "00:03:19", "end": "00:03:25", "text": "moving momentum oscillator. meaning when"}, {"start": "00:03:22", "end": "00:03:26", "text": "momentum finally gets to this moment on"}, {"start": "00:03:25", "end": "00:03:28", "text": "the weekly chart because that's what"}, {"start": "00:03:26", "end": "00:03:30", "text": "we're looking at. It took a while for"}, {"start": "00:03:28", "end": "00:03:33", "text": "this to happen. And I'm talking it took"}, {"start": "00:03:30", "end": "00:03:36", "text": "a while when we were overbought all the"}, {"start": "00:03:33", "end": "00:03:38", "text": "way back here, March of 2024, by the"}, {"start": "00:03:36", "end": "00:03:40", "text": "way. That is right here on this chart."}, {"start": "00:03:38", "end": "00:03:42", "text": "It wasn't the it wasn't the end of the"}, {"start": "00:03:40", "end": "00:03:44", "text": "bull move when that happened, but that's"}, {"start": "00:03:42", "end": "00:03:46", "text": "that's when it was the highest"}, {"start": "00:03:44", "end": "00:03:49", "text": "overbought of the cycle. And you could"}, {"start": "00:03:46", "end": "00:03:51", "text": "see Bitcoin kept going. Interestingly"}, {"start": "00:03:49", "end": "00:03:53", "text": "enough, and I was looking at this"}, {"start": "00:03:51", "end": "00:03:55", "text": "previously, I I find it very interesting"}, {"start": "00:03:53", "end": "00:03:57", "text": "how when Bitcoin was making those swings"}, {"start": "00:03:55", "end": "00:03:59", "text": "to the upside, PMI was expanding and"}, {"start": "00:03:57", "end": "00:04:01", "text": "getting ready to go above 50. It was"}, {"start": "00:03:59", "end": "00:04:03", "text": "approaching 50. I think that's"}, {"start": "00:04:01", "end": "00:04:04", "text": "interesting because, you know, the PMI"}, {"start": "00:04:03", "end": "00:04:06", "text": "and the business cycle and business"}, {"start": "00:04:04", "end": "00:04:09", "text": "cycle expansion is a big part of my"}, {"start": "00:04:06", "end": "00:04:12", "text": "thesis. But with that being said, that's"}, {"start": "00:04:09", "end": "00:04:16", "text": "when it was overbought, March 2024. Now,"}, {"start": "00:04:12", "end": "00:04:19", "text": "here we are. We're in June 2026. years"}, {"start": "00:04:16", "end": "00:04:22", "text": "years to get to to here in terms of"}, {"start": "00:04:19", "end": "00:04:25", "text": "momentum of Bitcoin. And so this is just"}, {"start": "00:04:22", "end": "00:04:26", "text": "another reason why I think that we're"}, {"start": "00:04:25", "end": "00:04:28", "text": "towards the end of a bare market. I"}, {"start": "00:04:26", "end": "00:04:31", "text": "think we're towards even the end of the"}, {"start": "00:04:28", "end": "00:04:33", "text": "postquantitative tightening dip that I"}, {"start": "00:04:31", "end": "00:04:35", "text": "talk about in relation to 2019"}, {"start": "00:04:33", "end": "00:04:36", "text": "postquantitative tightening dip. And"}, {"start": "00:04:35", "end": "00:04:39", "text": "we're going to look at that in a moment."}, {"start": "00:04:36", "end": "00:04:42", "text": "But here's the indicator. It's RSI. It"}, {"start": "00:04:39", "end": "00:04:43", "text": "hit oversold back here. And it's it's"}, {"start": "00:04:42", "end": "00:04:45", "text": "just it's a reliable indicator, but it's"}, {"start": "00:04:43", "end": "00:04:47", "text": "not a guarantee. Okay."}, {"start": "00:04:45", "end": "00:04:48", "text": "I'm just presenting this data to you as"}, {"start": "00:04:47", "end": "00:04:51", "text": "it should be presented. This is a"}, {"start": "00:04:48", "end": "00:04:53", "text": "bullish indicator because it's bullish"}, {"start": "00:04:51", "end": "00:04:54", "text": "divergence on the Bitcoin chart. The"}, {"start": "00:04:53", "end": "00:04:58", "text": "last time that it happened, by the way,"}, {"start": "00:04:54", "end": "00:05:01", "text": "was 2022 bottom. And here it is. You see"}, {"start": "00:04:58", "end": "00:05:02", "text": "this higher low on the RSI. If we go"}, {"start": "00:05:01", "end": "00:05:05", "text": "look at what Bitcoin was doing at that"}, {"start": "00:05:02", "end": "00:05:07", "text": "moment, here's the higher low. Try and"}, {"start": "00:05:05", "end": "00:05:09", "text": "open this up a little bit. Here's the"}, {"start": "00:05:07", "end": "00:05:13", "text": "higher low right here. Here's the lower"}, {"start": "00:05:09", "end": "00:05:16", "text": "low on Bitcoin. So we can just see price"}, {"start": "00:05:13", "end": "00:05:18", "text": "and the momentum oscillator diverging."}, {"start": "00:05:16", "end": "00:05:20", "text": "This is what's happening right now. So"}, {"start": "00:05:18", "end": "00:05:22", "text": "again, this is not a guarantee, but this"}, {"start": "00:05:20", "end": "00:05:26", "text": "is worth considering. It's worth looking"}, {"start": "00:05:22", "end": "00:05:28", "text": "at. Now, I don't know if all of a sudden"}, {"start": "00:05:26", "end": "00:05:30", "text": "everyone's going to start talking about"}, {"start": "00:05:28", "end": "00:05:33", "text": "this indicator that's happening this"}, {"start": "00:05:30", "end": "00:05:34", "text": "week. oftent times that becomes"}, {"start": "00:05:33", "end": "00:05:37", "text": "concerning when everybody's looking at"}, {"start": "00:05:34", "end": "00:05:38", "text": "the same thing in terms in in my view"}, {"start": "00:05:37", "end": "00:05:40", "text": "just because I just think it's so easy"}, {"start": "00:05:38", "end": "00:05:42", "text": "to break these things when it becomes"}, {"start": "00:05:40", "end": "00:05:45", "text": "such a popular thing. With that being"}, {"start": "00:05:42", "end": "00:05:47", "text": "said, the other thing I want to show you"}, {"start": "00:05:45", "end": "00:05:50", "text": "at at the confluence of this bullish"}, {"start": "00:05:47", "end": "00:05:52", "text": "divergence that's happening here, and by"}, {"start": "00:05:50", "end": "00:05:55", "text": "the way, you go back and you can see"}, {"start": "00:05:52", "end": "00:05:56", "text": "this is really the first time we've had"}, {"start": "00:05:55", "end": "00:06:00", "text": "that type of bullish divergence. But"}, {"start": "00:05:56", "end": "00:06:02", "text": "just note going to all these bottoms,"}, {"start": "00:06:00", "end": "00:06:05", "text": "we're in the same area at the very least"}, {"start": "00:06:02", "end": "00:06:07", "text": "in terms of the RSI, right? Look at"}, {"start": "00:06:05", "end": "00:06:09", "text": "these bottoms in the same area of all"}, {"start": "00:06:07", "end": "00:06:12", "text": "these bottoms. That's where Bitcoin has"}, {"start": "00:06:09", "end": "00:06:14", "text": "been. It's where it's been. So take that"}, {"start": "00:06:12", "end": "00:06:17", "text": "into consideration as well. And then the"}, {"start": "00:06:14", "end": "00:06:19", "text": "other thing is this. If we go back and"}, {"start": "00:06:17", "end": "00:06:21", "text": "we look at"}, {"start": "00:06:19", "end": "00:06:23", "text": "2019, right? Here's the post-"}, {"start": "00:06:21", "end": "00:06:25", "text": "quantitative tightening dip that I've"}, {"start": "00:06:23", "end": "00:06:28", "text": "been just discussing in terms of where I"}, {"start": "00:06:25", "end": "00:06:30", "text": "think we are in relation to the cycle."}, {"start": "00:06:28", "end": "00:06:32", "text": "Just look at that postquantitative"}, {"start": "00:06:30", "end": "00:06:35", "text": "tightening dip. We had COVID in there,"}, {"start": "00:06:32", "end": "00:06:37", "text": "right? And"}, {"start": "00:06:35", "end": "00:06:40", "text": "Bitcoin on the RSI in all of those"}, {"start": "00:06:37", "end": "00:06:43", "text": "moments. Even CO did not get as oversold"}, {"start": "00:06:40", "end": "00:06:45", "text": "as Bitcoin previously was. that is ultra"}, {"start": "00:06:43", "end": "00:06:47", "text": "compelling to me where we're break we're"}, {"start": "00:06:45", "end": "00:06:49", "text": "starting to sprinkle in the"}, {"start": "00:06:47", "end": "00:06:52", "text": "macroeconomic side of things right the"}, {"start": "00:06:49", "end": "00:06:55", "text": "what's the Fed doing side of things into"}, {"start": "00:06:52", "end": "00:06:56", "text": "the equation and in terms of where I"}, {"start": "00:06:55", "end": "00:07:00", "text": "think we are in the cycle I think we are"}, {"start": "00:06:56", "end": "00:07:01", "text": "right around there and that's just my"}, {"start": "00:07:00", "end": "00:07:04", "text": "opinion"}, {"start": "00:07:01", "end": "00:07:07", "text": "that's all it is we could just keep"}, {"start": "00:07:04", "end": "00:07:09", "text": "going this could just keep falling into"}, {"start": "00:07:07", "end": "00:07:12", "text": "October and I want to be very clear"}, {"start": "00:07:09", "end": "00:07:14", "text": "about that so be prepared for that but"}, {"start": "00:07:12", "end": "00:07:16", "text": "As I do often, I take all of these"}, {"start": "00:07:14", "end": "00:07:20", "text": "indicators, I bring them together. I"}, {"start": "00:07:16", "end": "00:07:22", "text": "presented to you this RSI. The last time"}, {"start": "00:07:20", "end": "00:07:23", "text": "we had bullish divergence like this, it"}, {"start": "00:07:22", "end": "00:07:25", "text": "marked a bottom. That is not to say it's"}, {"start": "00:07:23", "end": "00:07:27", "text": "going to happen again. But what I want"}, {"start": "00:07:25", "end": "00:07:30", "text": "to do is, and before I even go to the"}, {"start": "00:07:27", "end": "00:07:32", "text": "altcoin chart, this is others uh versus"}, {"start": "00:07:30", "end": "00:07:33", "text": "Bitcoin in terms of dominance."}, {"start": "00:07:32", "end": "00:07:36", "text": "Basically, this is others. This is"}, {"start": "00:07:33", "end": "00:07:38", "text": "others dominance excluding the top 10."}, {"start": "00:07:36", "end": "00:07:41", "text": "Let's let's call it that. I want to show"}, {"start": "00:07:38", "end": "00:07:43", "text": "you such an interesting chart right now."}, {"start": "00:07:41", "end": "00:07:45", "text": "I just first want to I want to go look"}, {"start": "00:07:43", "end": "00:07:48", "text": "at copper gold because even as of right"}, {"start": "00:07:45", "end": "00:07:50", "text": "now I think it's up 1.4%."}, {"start": "00:07:48", "end": "00:07:51", "text": "I will not sit here and say it's just"}, {"start": "00:07:50", "end": "00:07:54", "text": "going to keep going. We could get"}, {"start": "00:07:51", "end": "00:07:55", "text": "absolutely a throwback. You see this 50"}, {"start": "00:07:54", "end": "00:07:57", "text": "moving average on the weekly, the 20week"}, {"start": "00:07:55", "end": "00:07:59", "text": "moving average down here in green. A"}, {"start": "00:07:57", "end": "00:08:02", "text": "throwback to that area as we reverse"}, {"start": "00:07:59", "end": "00:08:04", "text": "this trend or try to reverse a trend is"}, {"start": "00:08:02", "end": "00:08:06", "text": "something to look out for. But I just"}, {"start": "00:08:04", "end": "00:08:09", "text": "can't help but notice what is happening"}, {"start": "00:08:06", "end": "00:08:11", "text": "right now. If you look how oversold this"}, {"start": "00:08:09", "end": "00:08:12", "text": "is, this is copper versus gold. This is"}, {"start": "00:08:11", "end": "00:08:14", "text": "if you look at this, these are bull"}, {"start": "00:08:12", "end": "00:08:16", "text": "markets. These are crypto bull markets."}, {"start": "00:08:14", "end": "00:08:18", "text": "When this chart bottoms and starts"}, {"start": "00:08:16", "end": "00:08:21", "text": "heading up, this is where we've seen"}, {"start": "00:08:18", "end": "00:08:22", "text": "crypto bull markets. So, right now we're"}, {"start": "00:08:21", "end": "00:08:24", "text": "getting a macro reversal on copper"}, {"start": "00:08:22", "end": "00:08:27", "text": "versus gold. This is another thing I've"}, {"start": "00:08:24", "end": "00:08:29", "text": "been saying. Notice how oversold it is."}, {"start": "00:08:27", "end": "00:08:32", "text": "It was oversold like this, hitting"}, {"start": "00:08:29", "end": "00:08:33", "text": "oversold back in November of 2020. And"}, {"start": "00:08:32", "end": "00:08:36", "text": "notice what else was happening in"}, {"start": "00:08:33", "end": "00:08:39", "text": "November 2020. We had this 20we getting"}, {"start": "00:08:36", "end": "00:08:41", "text": "ready to basically not not getting ready"}, {"start": "00:08:39", "end": "00:08:43", "text": "but actually making its way above the"}, {"start": "00:08:41", "end": "00:08:46", "text": "50w week. That 20 in green above the 50"}, {"start": "00:08:43", "end": "00:08:48", "text": "in blue. You see that move? This is a"}, {"start": "00:08:46", "end": "00:08:51", "text": "move that's setting up right now. If you"}, {"start": "00:08:48", "end": "00:08:53", "text": "remember this kicked off, I'm not saying"}, {"start": "00:08:51", "end": "00:08:57", "text": "the copper gold alone kicked off the the"}, {"start": "00:08:53", "end": "00:08:59", "text": "bull run of 2020, but Bitcoin took off"}, {"start": "00:08:57", "end": "00:09:02", "text": "in November of 2020. That was a bull"}, {"start": "00:08:59", "end": "00:09:04", "text": "market. So copper gold starting to react"}, {"start": "00:09:02", "end": "00:09:06", "text": "now. And if you remember, if you've been"}, {"start": "00:09:04", "end": "00:09:08", "text": "watching my videos, the copper versus"}, {"start": "00:09:06", "end": "00:09:12", "text": "gold chart is compelling because we have"}, {"start": "00:09:08", "end": "00:09:15", "text": "PMI that is just so just it's pacing"}, {"start": "00:09:12", "end": "00:09:18", "text": "with Bitcoin so much. I'm going to have"}, {"start": "00:09:15", "end": "00:09:20", "text": "to leave this chart because the PMI is"}, {"start": "00:09:18", "end": "00:09:22", "text": "not loading. But if I just very simply"}, {"start": "00:09:20", "end": "00:09:24", "text": "go back to it, look at the correlation"}, {"start": "00:09:22", "end": "00:09:28", "text": "on this gold, this copper versus gold"}, {"start": "00:09:24", "end": "00:09:30", "text": "chart. It's absolutely insane. So, we"}, {"start": "00:09:28", "end": "00:09:34", "text": "just looked at the breakout. There's in"}, {"start": "00:09:30", "end": "00:09:37", "text": "green the PMI. So it is my theory that"}, {"start": "00:09:34", "end": "00:09:38", "text": "copper versus gold is following PMI."}, {"start": "00:09:37", "end": "00:09:41", "text": "Look at this just keeps falling and"}, {"start": "00:09:38", "end": "00:09:43", "text": "falling and falling amidst this record"}, {"start": "00:09:41", "end": "00:09:46", "text": "consolidation of the PMI and green. Now"}, {"start": "00:09:43", "end": "00:09:48", "text": "PMI started breaking out. Look what"}, {"start": "00:09:46", "end": "00:09:49", "text": "copper and gold is doing. So that is a"}, {"start": "00:09:48", "end": "00:09:52", "text": "part of my theory. I wanted to present"}, {"start": "00:09:49", "end": "00:09:55", "text": "that to you because it's very very I"}, {"start": "00:09:52", "end": "00:09:58", "text": "would say relevant to this chart. Now"}, {"start": "00:09:55", "end": "00:10:00", "text": "this is uh the top 10 dominant I I have"}, {"start": "00:09:58", "end": "00:10:03", "text": "trouble saying this. It's crypto total"}, {"start": "00:10:00", "end": "00:10:04", "text": "market cap excluding top 10 dominance."}, {"start": "00:10:03", "end": "00:10:08", "text": "That's what this is. This is all coins."}, {"start": "00:10:04", "end": "00:10:10", "text": "Okay. So, it's sitting at 8.23%."}, {"start": "00:10:08", "end": "00:10:13", "text": "But I think what I wanted to point out"}, {"start": "00:10:10", "end": "00:10:15", "text": "to you in this video is in terms of"}, {"start": "00:10:13", "end": "00:10:18", "text": "where I think we are in the cycle,"}, {"start": "00:10:15", "end": "00:10:21", "text": "right? I've been saying be prepared for"}, {"start": "00:10:18", "end": "00:10:23", "text": "postquantitative tightening dip a lot."}, {"start": "00:10:21", "end": "00:10:25", "text": "So, if we go to Bitcoin, we just looked"}, {"start": "00:10:23", "end": "00:10:28", "text": "at that, right? Here's quantitative"}, {"start": "00:10:25", "end": "00:10:31", "text": "tightening ending in 2019 and here's"}, {"start": "00:10:28", "end": "00:10:32", "text": "Bitcoin falling and dipping."}, {"start": "00:10:31", "end": "00:10:36", "text": "If we go and I mean and you can see"}, {"start": "00:10:32", "end": "00:10:38", "text": "right now here's QTO ending in 2020 uh"}, {"start": "00:10:36", "end": "00:10:40", "text": "five in December and here we are dipping"}, {"start": "00:10:38", "end": "00:10:44", "text": "and that's almost over in my opinion. If"}, {"start": "00:10:40", "end": "00:10:47", "text": "we go look at the altcoin chart, the"}, {"start": "00:10:44", "end": "00:10:51", "text": "altcoin dominance chart here is if we"}, {"start": "00:10:47", "end": "00:10:53", "text": "find July of 2019, here's July of 2019."}, {"start": "00:10:51", "end": "00:10:58", "text": "That's when it ended."}, {"start": "00:10:53", "end": "00:11:00", "text": "QT ends, right? QT ended this time right"}, {"start": "00:10:58", "end": "00:11:03", "text": "around here, December. Look at this"}, {"start": "00:11:00", "end": "00:11:07", "text": "setup. Just look at this setup."}, {"start": "00:11:03", "end": "00:11:11", "text": "It ends and altcoin dominance starts"}, {"start": "00:11:07", "end": "00:11:13", "text": "trending upwards both times. This is the"}, {"start": "00:11:11", "end": "00:11:15", "text": "only other time of QT that we had back"}, {"start": "00:11:13", "end": "00:11:18", "text": "here, by the way. This was the second"}, {"start": "00:11:15", "end": "00:11:21", "text": "time ever that we've been in QT. Look at"}, {"start": "00:11:18", "end": "00:11:23", "text": "altcoins really getting demolished. but"}, {"start": "00:11:21", "end": "00:11:26", "text": "it ended and all coins have been"}, {"start": "00:11:23", "end": "00:11:29", "text": "trending upwards since then. This plays"}, {"start": "00:11:26", "end": "00:11:32", "text": "I think right into my theory as well in"}, {"start": "00:11:29", "end": "00:11:33", "text": "terms of where we are in the cycle and"}, {"start": "00:11:32", "end": "00:11:36", "text": "it's it plays into my theory that the"}, {"start": "00:11:33", "end": "00:11:39", "text": "four-year cycle is broken"}, {"start": "00:11:36", "end": "00:11:41", "text": "because in my opinion crypto is"}, {"start": "00:11:39", "end": "00:11:43", "text": "following something else. It's following"}, {"start": "00:11:41", "end": "00:11:45", "text": "business cycle contraction and"}, {"start": "00:11:43", "end": "00:11:46", "text": "expansion. It's following what the Fed"}, {"start": "00:11:45", "end": "00:11:48", "text": "has been doing in terms of quantitative"}, {"start": "00:11:46", "end": "00:11:51", "text": "tightening. And the thing I wanted to"}, {"start": "00:11:48", "end": "00:11:52", "text": "point out to you is this. If you notice"}, {"start": "00:11:51", "end": "00:11:56", "text": "the move from the low, right, it's kind"}, {"start": "00:11:52", "end": "00:11:58", "text": "of QT ends. It starts swinging higher"}, {"start": "00:11:56", "end": "00:12:00", "text": "right between this 20we in green and the"}, {"start": "00:11:58", "end": "00:12:03", "text": "50we in blue. This is happening right"}, {"start": "00:12:00", "end": "00:12:06", "text": "now. The 50 being tested. As you can"}, {"start": "00:12:03", "end": "00:12:09", "text": "see, we consolidated in this range back"}, {"start": "00:12:06", "end": "00:12:10", "text": "here after QT ended and we made the"}, {"start": "00:12:09", "end": "00:12:13", "text": "move. We consolidated between these"}, {"start": "00:12:10", "end": "00:12:15", "text": "moving averages. So, right now on this"}, {"start": "00:12:13", "end": "00:12:16", "text": "dominance chart, we've had some nice"}, {"start": "00:12:15", "end": "00:12:18", "text": "green. I wouldn't even be surprised if"}, {"start": "00:12:16", "end": "00:12:20", "text": "we do it again. We consolidate. we see"}, {"start": "00:12:18", "end": "00:12:22", "text": "dominance fall into the sevens or"}, {"start": "00:12:20", "end": "00:12:24", "text": "something. I will I will be watching"}, {"start": "00:12:22", "end": "00:12:26", "text": "this chart very closely. I don't know"}, {"start": "00:12:24", "end": "00:12:28", "text": "how many people are, but I will be"}, {"start": "00:12:26", "end": "00:12:30", "text": "watching this very closely because I"}, {"start": "00:12:28", "end": "00:12:33", "text": "think it ties directly into my thesis"}, {"start": "00:12:30", "end": "00:12:35", "text": "about where we are in the cycle. So,"}, {"start": "00:12:33", "end": "00:12:36", "text": "these are just all these bullish"}, {"start": "00:12:35", "end": "00:12:38", "text": "indicators and I haven't even probably"}, {"start": "00:12:36", "end": "00:12:40", "text": "mentioned all of them, right? There are"}, {"start": "00:12:38", "end": "00:12:42", "text": "other things going on, but these are all"}, {"start": "00:12:40", "end": "00:12:46", "text": "the things that I wanted to bring to you"}, {"start": "00:12:42", "end": "00:12:50", "text": "to your attention today that are sitting"}, {"start": "00:12:46", "end": "00:12:51", "text": "right at the confluence of what this RSI"}, {"start": "00:12:50", "end": "00:12:53", "text": "is doing. And that is some bullish"}, {"start": "00:12:51", "end": "00:12:55", "text": "divergence. And so, at the very least,"}, {"start": "00:12:53", "end": "00:12:58", "text": "maybe we bottom in October or November"}, {"start": "00:12:55", "end": "00:13:01", "text": "or December in Q4. Maybe it happens. Be"}, {"start": "00:12:58", "end": "00:13:02", "text": "prepared for it. I respect the opinions."}, {"start": "00:13:01", "end": "00:13:03", "text": "But at the very least, consider this"}, {"start": "00:13:02", "end": "00:13:07", "text": "data. I really do encourage you to"}, {"start": "00:13:03", "end": "00:13:08", "text": "consider consider this data because it"}, {"start": "00:13:07", "end": "00:13:11", "text": "seems to a lot it seems to me a lot of"}, {"start": "00:13:08", "end": "00:13:14", "text": "people are 110% certain that we're going"}, {"start": "00:13:11", "end": "00:13:16", "text": "to bottom in Q4. And I just hope that"}, {"start": "00:13:14", "end": "00:13:18", "text": "those people aren't just sitting on the"}, {"start": "00:13:16", "end": "00:13:21", "text": "sidelines."}, {"start": "00:13:18", "end": "00:13:24", "text": "Maybe they're just relaxed, still"}, {"start": "00:13:21", "end": "00:13:27", "text": "holding, but they like the sense of this"}, {"start": "00:13:24", "end": "00:13:29", "text": "certainty, but don't be so certain"}, {"start": "00:13:27", "end": "00:13:30", "text": "because nothing is certain in this world"}, {"start": "00:13:29", "end": "00:13:33", "text": "and nothing is certain in crypto on"}, {"start": "00:13:30", "end": "00:13:35", "text": "these charts. So, these are my thoughts"}, {"start": "00:13:33", "end": "00:13:37", "text": "today. I hope you got some value of the"}, {"start": "00:13:35", "end": "00:13:38", "text": "video with the video. If you did, please"}, {"start": "00:13:37", "end": "00:13:40", "text": "consider giving giving the channel a"}, {"start": "00:13:38", "end": "00:13:41", "text": "subscribe. Hit that like button. It"}, {"start": "00:13:40", "end": "00:13:45", "text": "means a lot to me. I'll see you in the"}, {"start": "00:13:41", "end": "00:13:45", "text": "next video. God bless."}]

[{"start": "00:00:01", "end": "00:00:08", "text": "Welcome back to Cryptos Us. I am George."}, {"start": "00:00:06", "end": "00:00:11", "text": "We're all George."}, {"start": "00:00:08", "end": "00:00:14", "text": "Welcome to another market open stream"}, {"start": "00:00:11", "end": "00:00:17", "text": "today. Of course, there are a lot to"}, {"start": "00:00:14", "end": "00:00:20", "text": "talk about. What's going on with US"}, {"start": "00:00:17", "end": "00:00:22", "text": "markets? Is it going to be green? Very"}, {"start": "00:00:20", "end": "00:00:25", "text": "green again like yesterday. Are we going"}, {"start": "00:00:22", "end": "00:00:29", "text": "to retrace? What about SpaceX?"}, {"start": "00:00:25", "end": "00:00:32", "text": "The hype is still ongoing and there's a"}, {"start": "00:00:29", "end": "00:00:36", "text": "couple updates in that. And what about"}, {"start": "00:00:32", "end": "00:00:40", "text": "Bitcoin? The bull case"}, {"start": "00:00:36", "end": "00:00:43", "text": "seems like it's getting stronger. So,"}, {"start": "00:00:40", "end": "00:00:46", "text": "let's talk about all these things"}, {"start": "00:00:43", "end": "00:00:51", "text": "and more. All right, let's do it, guys."}, {"start": "00:00:46", "end": "00:00:53", "text": "Let's do it. Welcome, welcome, welcome."}, {"start": "00:00:51", "end": "00:00:55", "text": "So, start out with the heat map. Looks"}, {"start": "00:00:53", "end": "00:00:57", "text": "like Bitcoin is about the same point as"}, {"start": "00:00:55", "end": "00:01:00", "text": "yesterday. Although you do have like ETH"}, {"start": "00:00:57", "end": "00:01:05", "text": "and sold that are still up. So, it's"}, {"start": "00:01:00", "end": "00:01:07", "text": "looking better, but not great. Uh, but"}, {"start": "00:01:05", "end": "00:01:10", "text": "overall, you could see we've been"}, {"start": "00:01:07", "end": "00:01:13", "text": "trending up for a couple days now,"}, {"start": "00:01:10", "end": "00:01:17", "text": "sitting at 66,000."}, {"start": "00:01:13", "end": "00:01:20", "text": "We were at what, 60,000."}, {"start": "00:01:17", "end": "00:01:21", "text": "We we went a little bit below 60,000"}, {"start": "00:01:20", "end": "00:01:25", "text": "couple [snorts] weeks ago and we've been"}, {"start": "00:01:21", "end": "00:01:29", "text": "slowly trending upwards. Waiting to see"}, {"start": "00:01:25", "end": "00:01:32", "text": "a bigger recovery soon. But yesterday"}, {"start": "00:01:29", "end": "00:01:33", "text": "was a good indication of what can happen"}, {"start": "00:01:32", "end": "00:01:36", "text": "because yesterday we had a really good"}, {"start": "00:01:33", "end": "00:01:38", "text": "day all around. Today, let's see if we"}, {"start": "00:01:36", "end": "00:01:41", "text": "see something similar or we may get a"}, {"start": "00:01:38", "end": "00:01:45", "text": "retracement. Looks like today Dow is"}, {"start": "00:01:41", "end": "00:01:48", "text": "leading plus 300 which is good. NASDAQ"}, {"start": "00:01:45", "end": "00:01:52", "text": "and S&P barely in the green. Now, NASDAQ"}, {"start": "00:01:48", "end": "00:01:55", "text": "just flipped to the red, but SpaceX, you"}, {"start": "00:01:52", "end": "00:01:57", "text": "know, this what everyone is looking at"}, {"start": "00:01:55", "end": "00:02:00", "text": "right now."}, {"start": "00:01:57", "end": "00:02:02", "text": "It was up 5% in the pre-market and now"}, {"start": "00:02:00", "end": "00:02:05", "text": "that it's open, it seems like it's even"}, {"start": "00:02:02", "end": "00:02:07", "text": "higher at 8%. People can't seem to get"}, {"start": "00:02:05", "end": "00:02:10", "text": "enough of this"}, {"start": "00:02:07", "end": "00:02:13", "text": "company. There's way, way, way too much"}, {"start": "00:02:10", "end": "00:02:16", "text": "FOMO. Way too much. And that's what I'm"}, {"start": "00:02:13", "end": "00:02:18", "text": "afraid of. This reminds me of what"}, {"start": "00:02:16", "end": "00:02:20", "text": "happened with"}, {"start": "00:02:18", "end": "00:02:23", "text": "gold and silver last year when it was"}, {"start": "00:02:20", "end": "00:02:26", "text": "just skyrocketing"}, {"start": "00:02:23", "end": "00:02:29", "text": "every single day until it found that top"}, {"start": "00:02:26", "end": "00:02:31", "text": "and then came down. Still very very"}, {"start": "00:02:29", "end": "00:02:34", "text": "scared that that may happen with SpaceX."}, {"start": "00:02:31", "end": "00:02:37", "text": "But right now, everyone is fomoing in."}, {"start": "00:02:34", "end": "00:02:41", "text": "Uh Elon"}, {"start": "00:02:37", "end": "00:02:44", "text": "is now worth$ 1.3 1.4 $4 trillion dollar"}, {"start": "00:02:41", "end": "00:02:46", "text": "himself."}, {"start": "00:02:44", "end": "00:02:48", "text": "And I covered this last night and this"}, {"start": "00:02:46", "end": "00:02:52", "text": "is just mindboggling. The difference"}, {"start": "00:02:48", "end": "00:02:55", "text": "between first place, which is Elon, in"}, {"start": "00:02:52", "end": "00:02:57", "text": "terms of the richest man on earth, and"}, {"start": "00:02:55", "end": "00:03:01", "text": "second place, which is Larry Page of"}, {"start": "00:02:57", "end": "00:03:04", "text": "Google, the difference is now over $1"}, {"start": "00:03:01", "end": "00:03:04", "text": "trillion."}, {"start": "00:03:04", "end": "00:03:07", "text": "So just take a second to think about"}, {"start": "00:03:06", "end": "00:03:11", "text": "that. The difference between number one"}, {"start": "00:03:07", "end": "00:03:14", "text": "and number two is a trillion dollars. Um"}, {"start": "00:03:11", "end": "00:03:17", "text": "it it's just mindboggling. I know it's"}, {"start": "00:03:14", "end": "00:03:21", "text": "not all liquid. It's it's almost all of"}, {"start": "00:03:17", "end": "00:03:24", "text": "it in stocks and and equity, but still"}, {"start": "00:03:21", "end": "00:03:26", "text": "mindboggling. And today SpaceX does lock"}, {"start": "00:03:24", "end": "00:03:29", "text": "down their 60 billion purchase of"}, {"start": "00:03:26", "end": "00:03:32", "text": "Cursor. Okay, this was talked about"}, {"start": "00:03:29", "end": "00:03:34", "text": "before whether they were go buy them for"}, {"start": "00:03:32", "end": "00:03:36", "text": "60 billion or just put 10 billion into"}, {"start": "00:03:34", "end": "00:03:38", "text": "them in for use."}, {"start": "00:03:36", "end": "00:03:40", "text": "um they decided to buy because now they"}, {"start": "00:03:38", "end": "00:03:43", "text": "have so much money. They have more money"}, {"start": "00:03:40", "end": "00:03:46", "text": "than they know what to do with. And I"}, {"start": "00:03:43", "end": "00:03:49", "text": "like cursor. It's a coding product, one"}, {"start": "00:03:46", "end": "00:03:50", "text": "of their their main AI models, uh"}, {"start": "00:03:49", "end": "00:03:53", "text": "Composer. I've been using it daily and"}, {"start": "00:03:50", "end": "00:03:57", "text": "it's really good and cheap,"}, {"start": "00:03:53", "end": "00:04:00", "text": "but paying 60 billion for for uh for"}, {"start": "00:03:57", "end": "00:04:02", "text": "this is kind of nuts. Their revenue"}, {"start": "00:04:00", "end": "00:04:04", "text": "certainly doesn't justify it. It's"}, {"start": "00:04:02", "end": "00:04:07", "text": "really for talent and for this model"}, {"start": "00:04:04", "end": "00:04:10", "text": "because Grock is really underperforming"}, {"start": "00:04:07", "end": "00:04:14", "text": "in terms of a AI model. So, but it's"}, {"start": "00:04:10", "end": "00:04:16", "text": "just kind of crazy. It's just kind of"}, {"start": "00:04:14", "end": "00:04:21", "text": "the amount of money, the amount of"}, {"start": "00:04:16", "end": "00:04:24", "text": "attention that AI, AI models, AI"}, {"start": "00:04:21", "end": "00:04:26", "text": "products, AI talent just skyhigh right"}, {"start": "00:04:24", "end": "00:04:28", "text": "now. People are paying billions for"}, {"start": "00:04:26", "end": "00:04:31", "text": "them."}, {"start": "00:04:28", "end": "00:04:35", "text": "Uh, outside of this, what else? Well,"}, {"start": "00:04:31", "end": "00:04:41", "text": "people are still talking about this war."}, {"start": "00:04:35", "end": "00:04:44", "text": "Okay. Uh there's some mixed messages."}, {"start": "00:04:41", "end": "00:04:49", "text": "So, he's going to go go to the G7 G7"}, {"start": "00:04:44", "end": "00:04:51", "text": "summit. He denies this recent"}, {"start": "00:04:49", "end": "00:04:55", "text": "rumor, even though it was a rumor, that"}, {"start": "00:04:51", "end": "00:04:57", "text": "the US will put $300 billion dollar into"}, {"start": "00:04:55", "end": "00:04:58", "text": "Iran"}, {"start": "00:04:57", "end": "00:05:03", "text": "as a"}, {"start": "00:04:58", "end": "00:05:05", "text": "as a bonus, I guess, to stop nuclear"}, {"start": "00:05:03", "end": "00:05:07", "text": "um"}, {"start": "00:05:05", "end": "00:05:11", "text": "development."}, {"start": "00:05:07", "end": "00:05:13", "text": "Okay. And then he tweeted this out, Iran"}, {"start": "00:05:11", "end": "00:05:14", "text": "has agreed to never have a nuclear"}, {"start": "00:05:13", "end": "00:05:17", "text": "weapon. And also the story that US is"}, {"start": "00:05:14", "end": "00:05:20", "text": "paying Iran $300 million. It's fake news"}, {"start": "00:05:17", "end": "00:05:22", "text": "put out by Democrats President DJ."}, {"start": "00:05:20", "end": "00:05:26", "text": "Here's the thing though."}, {"start": "00:05:22", "end": "00:05:30", "text": "I saw a clip, an interview where someone"}, {"start": "00:05:26", "end": "00:05:32", "text": "asked Vance about this very thing. Vance"}, {"start": "00:05:30", "end": "00:05:36", "text": "didn't say it was fake news. Vance said"}, {"start": "00:05:32", "end": "00:05:39", "text": "yes, they can get up to $300 billion if"}, {"start": "00:05:36", "end": "00:05:42", "text": "they played ball and followed the terms"}, {"start": "00:05:39", "end": "00:05:44", "text": "of the agreement. So, like Vance already"}, {"start": "00:05:42", "end": "00:05:46", "text": "went out there and said that this is a"}, {"start": "00:05:44", "end": "00:05:48", "text": "thing and now Trump is saying, \"No, no,"}, {"start": "00:05:46", "end": "00:05:52", "text": "no. We never agreed. We never said"}, {"start": "00:05:48", "end": "00:05:55", "text": "anything like this.\" Mixed messages."}, {"start": "00:05:52", "end": "00:05:58", "text": "Um, but it does seem like things are"}, {"start": "00:05:55", "end": "00:06:00", "text": "still moving forward. The straighter"}, {"start": "00:05:58", "end": "00:06:05", "text": "Hermuz is set to open officially this"}, {"start": "00:06:00", "end": "00:06:10", "text": "Friday. Oil prices have dropped"}, {"start": "00:06:05", "end": "00:06:13", "text": "to below $80 a barrel."}, {"start": "00:06:10", "end": "00:06:16", "text": "So things are still moving forward it"}, {"start": "00:06:13", "end": "00:06:19", "text": "seems like. But now the new thing is are"}, {"start": "00:06:16", "end": "00:06:21", "text": "we really going to pay Iran $300 billion"}, {"start": "00:06:19", "end": "00:06:24", "text": "dollar"}, {"start": "00:06:21", "end": "00:06:27", "text": "to end this and not to have a nuclear"}, {"start": "00:06:24", "end": "00:06:31", "text": "weapon? That's the question. Maybe Trump"}, {"start": "00:06:27", "end": "00:06:33", "text": "based on what he tweeted that means no."}, {"start": "00:06:31", "end": "00:06:35", "text": "But yeah, I mean why why are we doing"}, {"start": "00:06:33", "end": "00:06:38", "text": "that? You know it it doesn't make a"}, {"start": "00:06:35", "end": "00:06:40", "text": "whole lot of sense, right? But markets"}, {"start": "00:06:38", "end": "00:06:45", "text": "are reacting very positively obviously"}, {"start": "00:06:40", "end": "00:06:49", "text": "with the prospect of the war ending in"}, {"start": "00:06:45", "end": "00:06:53", "text": "the Middle East and of course with rates"}, {"start": "00:06:49", "end": "00:06:57", "text": "elevated right now. Okay, with inflation"}, {"start": "00:06:53", "end": "00:06:57", "text": "elevated right now,"}, {"start": "00:06:57", "end": "00:07:03", "text": "uh we we want we want both to come down"}, {"start": "00:07:01", "end": "00:07:06", "text": "and this will help. This will definitely"}, {"start": "00:07:03", "end": "00:07:08", "text": "help. All right, speaking of rates,"}, {"start": "00:07:06", "end": "00:07:11", "text": "we're going to have FOMC meeting in a"}, {"start": "00:07:08", "end": "00:07:14", "text": "couple days. Okay, first time in a long"}, {"start": "00:07:11", "end": "00:07:15", "text": "time. Actually, is it a couple days or"}, {"start": "00:07:14", "end": "00:07:19", "text": "tomorrow? I think it's it might be"}, {"start": "00:07:15", "end": "00:07:22", "text": "tomorrow. Um,"}, {"start": "00:07:19", "end": "00:07:25", "text": "and then we'll get to hear what Wars has"}, {"start": "00:07:22", "end": "00:07:28", "text": "to say about everything about inflation,"}, {"start": "00:07:25", "end": "00:07:32", "text": "about our economy, about jobs."}, {"start": "00:07:28", "end": "00:07:37", "text": "Um, it'll be very interesting to hear"}, {"start": "00:07:32", "end": "00:07:41", "text": "someone new talk about our economy and"}, {"start": "00:07:37", "end": "00:07:41", "text": "how he plans on fixing it."}, {"start": "00:07:41", "end": "00:07:45", "text": "That'll be very interesting. Very"}, {"start": "00:07:44", "end": "00:07:48", "text": "interesting."}, {"start": "00:07:45", "end": "00:07:51", "text": "All right. Uh, what else? What else is"}, {"start": "00:07:48", "end": "00:07:54", "text": "there?"}, {"start": "00:07:51", "end": "00:07:55", "text": "Outflows, inflows."}, {"start": "00:07:54", "end": "00:07:57", "text": "Well, unfortunately, we reversed a"}, {"start": "00:07:55", "end": "00:07:59", "text": "little bit again yesterday. The day"}, {"start": "00:07:57", "end": "00:08:03", "text": "before we had a negative a positive"}, {"start": "00:07:59", "end": "00:08:07", "text": "inflow of uh 50 50 something and then"}, {"start": "00:08:03", "end": "00:08:09", "text": "yesterday we had a negative of 64"}, {"start": "00:08:07", "end": "00:08:12", "text": "million which isn't great but isn't"}, {"start": "00:08:09", "end": "00:08:18", "text": "horrible. However, we did see an inflow"}, {"start": "00:08:12", "end": "00:08:21", "text": "in ETH 22 million and soul 3 million and"}, {"start": "00:08:18", "end": "00:08:23", "text": "XRP. So, well, that was that's a little"}, {"start": "00:08:21", "end": "00:08:26", "text": "old, but"}, {"start": "00:08:23", "end": "00:08:31", "text": "right now"}, {"start": "00:08:26", "end": "00:08:34", "text": "there still does seem to be uh some"}, {"start": "00:08:31", "end": "00:08:37", "text": "investors still kind of chasing. It"}, {"start": "00:08:34", "end": "00:08:39", "text": "seems like the capital rotation hasn't"}, {"start": "00:08:37", "end": "00:08:41", "text": "come back fully there. It's starting to"}, {"start": "00:08:39", "end": "00:08:44", "text": "trickle in. I think a lot of people are"}, {"start": "00:08:41", "end": "00:08:47", "text": "still into SpaceX, still trying to FOMO"}, {"start": "00:08:44", "end": "00:08:48", "text": "into SpaceX, which I understand when"}, {"start": "00:08:47", "end": "00:08:50", "text": "it's like the hottest thing and"}, {"start": "00:08:48", "end": "00:08:53", "text": "anything. It's the only thing that"}, {"start": "00:08:50", "end": "00:08:55", "text": "people are really focused on right now."}, {"start": "00:08:53", "end": "00:08:57", "text": "[snorts] Um, so I get that, but we're"}, {"start": "00:08:55", "end": "00:09:00", "text": "starting to see a little trickle. Not"}, {"start": "00:08:57", "end": "00:09:02", "text": "100% obviously. If we saw this in the"}, {"start": "00:09:00", "end": "00:09:05", "text": "billions per day, that's when you know"}, {"start": "00:09:02", "end": "00:09:08", "text": "it's flowing back in. However, you do"}, {"start": "00:09:05", "end": "00:09:10", "text": "see liquidity, just overall stable coins"}, {"start": "00:09:08", "end": "00:09:14", "text": "go up."}, {"start": "00:09:10", "end": "00:09:18", "text": "plus 777 million."}, {"start": "00:09:14", "end": "00:09:21", "text": "So there are a lot of whales, there are"}, {"start": "00:09:18", "end": "00:09:24", "text": "companies, there are institutions, they"}, {"start": "00:09:21", "end": "00:09:27", "text": "may not be buying ETFs right now, but"}, {"start": "00:09:24", "end": "00:09:29", "text": "they are definitely starting to put some"}, {"start": "00:09:27", "end": "00:09:32", "text": "money back in"}, {"start": "00:09:29", "end": "00:09:35", "text": "getting ready,"}, {"start": "00:09:32", "end": "00:09:38", "text": "right? either either they are buying or"}, {"start": "00:09:35", "end": "00:09:39", "text": "they're getting ready for the reversal"}, {"start": "00:09:38", "end": "00:09:43", "text": "and they're just getting money in. So,"}, {"start": "00:09:39", "end": "00:09:46", "text": "we're starting to see money trickle back"}, {"start": "00:09:43", "end": "00:09:49", "text": "in. It may be slight versus before, but"}, {"start": "00:09:46", "end": "00:09:55", "text": "it's still happening. And 777 million is"}, {"start": "00:09:49", "end": "00:09:55", "text": "not chump change by any means. Okay. Um"}, {"start": "00:09:56", "end": "00:10:01", "text": "this the 30-day it doesn't overcome this"}, {"start": "00:09:59", "end": "00:10:03", "text": "but"}, {"start": "00:10:01", "end": "00:10:06", "text": "you know you have a few days of this you"}, {"start": "00:10:03", "end": "00:10:08", "text": "have a week of this it can it things can"}, {"start": "00:10:06", "end": "00:10:12", "text": "flip really fast so we're starting to"}, {"start": "00:10:08", "end": "00:10:14", "text": "see some of it which is good Bitcoin"}, {"start": "00:10:12", "end": "00:10:17", "text": "mining company Mara increased their"}, {"start": "00:10:14", "end": "00:10:19", "text": "Bitcoin holding by a thousand well that"}, {"start": "00:10:17", "end": "00:10:22", "text": "is good so not every mining company is"}, {"start": "00:10:19", "end": "00:10:26", "text": "starting is not flipping not selling"}, {"start": "00:10:22", "end": "00:10:29", "text": "their Bitcoin to going to AI. Some are"}, {"start": "00:10:26", "end": "00:10:31", "text": "Mara is a huge holding company. They"}, {"start": "00:10:29", "end": "00:10:33", "text": "have 36,33"}, {"start": "00:10:31", "end": "00:10:35", "text": "Bitcoin. They are number four on this"}, {"start": "00:10:33", "end": "00:10:39", "text": "list. It is good to see that they are"}, {"start": "00:10:35", "end": "00:10:42", "text": "moving forward and they're adding more"}, {"start": "00:10:39", "end": "00:10:46", "text": "Bitcoin."}, {"start": "00:10:42", "end": "00:10:48", "text": "So, good for them and good for them is"}, {"start": "00:10:46", "end": "00:10:52", "text": "and SpaceX is on this. SpaceX is number"}, {"start": "00:10:48", "end": "00:10:56", "text": "eight on the list."}, {"start": "00:10:52", "end": "00:11:02", "text": "Also, besides Mara, you do have whales."}, {"start": "00:10:56", "end": "00:11:02", "text": "You do have some long-term holders and"}, {"start": "00:11:02", "end": "00:11:07", "text": "and other"}, {"start": "00:11:05", "end": "00:11:09", "text": "institutions. [laughter]"}, {"start": "00:11:07", "end": "00:11:10", "text": "Uh I I don't know where I was going with"}, {"start": "00:11:09", "end": "00:11:13", "text": "that, but yeah, you do have whales and"}, {"start": "00:11:10", "end": "00:11:15", "text": "institutions and"}, {"start": "00:11:13", "end": "00:11:18", "text": "long-term holders obviously that are"}, {"start": "00:11:15", "end": "00:11:20", "text": "still accumulating, right? 250,000"}, {"start": "00:11:18", "end": "00:11:23", "text": "Bitcoin between $59 and $67,000, which"}, {"start": "00:11:20", "end": "00:11:26", "text": "is where we are. There are people that"}, {"start": "00:11:23", "end": "00:11:29", "text": "are taking advantage while prices are"}, {"start": "00:11:26", "end": "00:11:31", "text": "low. That's what you're supposed to do."}, {"start": "00:11:29", "end": "00:11:35", "text": "Capital rotation,"}, {"start": "00:11:31", "end": "00:11:38", "text": "right, is coming back in. We had a lot"}, {"start": "00:11:35", "end": "00:11:40", "text": "of it come out over the last few months."}, {"start": "00:11:38", "end": "00:11:44", "text": "That was obvious. And we had a lot of"}, {"start": "00:11:40", "end": "00:11:47", "text": "miners flip by selling Bitcoin and going"}, {"start": "00:11:44", "end": "00:11:49", "text": "to AI. That has happened. But seller"}, {"start": "00:11:47", "end": "00:11:51", "text": "exhaustion has definitely hit. Minor"}, {"start": "00:11:49", "end": "00:11:54", "text": "exhaustion has hit. Difficulty has come"}, {"start": "00:11:51", "end": "00:11:58", "text": "down, right? And when you're at a price"}, {"start": "00:11:54", "end": "00:12:01", "text": "point where it's just too"}, {"start": "00:11:58", "end": "00:12:04", "text": "too attractive to ignore, you're going"}, {"start": "00:12:01", "end": "00:12:06", "text": "to have rotation back in and the people"}, {"start": "00:12:04", "end": "00:12:09", "text": "that never rotate out will continue to"}, {"start": "00:12:06", "end": "00:12:11", "text": "DCA because we understand we have been"}, {"start": "00:12:09", "end": "00:12:13", "text": "through some of these cycles. We have"}, {"start": "00:12:11", "end": "00:12:18", "text": "seen some"}, {"start": "00:12:13", "end": "00:12:20", "text": "horrific drops and horrific times,"}, {"start": "00:12:18", "end": "00:12:22", "text": "okay?"}, {"start": "00:12:20", "end": "00:12:26", "text": "And we have lived through it and we know"}, {"start": "00:12:22", "end": "00:12:31", "text": "things are going to come back."}, {"start": "00:12:26", "end": "00:12:33", "text": "But it's good to see there are still"}, {"start": "00:12:31", "end": "00:12:38", "text": "a lot of people, a lot of wallets, a lot"}, {"start": "00:12:33", "end": "00:12:41", "text": "of addresses that are still accumulating"}, {"start": "00:12:38", "end": "00:12:43", "text": "at this point. and someone like Kathy"}, {"start": "00:12:41", "end": "00:12:46", "text": "Wood"}, {"start": "00:12:43", "end": "00:12:51", "text": "who's like really into SpaceX now, but"}, {"start": "00:12:46", "end": "00:12:53", "text": "she is still a Bitcoin bull. Arc Invest"}, {"start": "00:12:51", "end": "00:12:57", "text": "had made predictions"}, {"start": "00:12:53", "end": "00:13:00", "text": "uh years ago about 2030"}, {"start": "00:12:57", "end": "00:13:03", "text": "and like the the the medium case was"}, {"start": "00:13:00", "end": "00:13:07", "text": "Bitcoin being around like 700,000"}, {"start": "00:13:03", "end": "00:13:09", "text": "and the bull case was like 1.3 million"}, {"start": "00:13:07", "end": "00:13:14", "text": "by 2030"}, {"start": "00:13:09", "end": "00:13:16", "text": "2030 to 2031 something like that."}, {"start": "00:13:14", "end": "00:13:18", "text": "Well, she's still sticking with that,"}, {"start": "00:13:16", "end": "00:13:21", "text": "saying Bitcoin will be well above a"}, {"start": "00:13:18", "end": "00:13:23", "text": "million dollars and all major banks will"}, {"start": "00:13:21", "end": "00:13:27", "text": "offer Bitcoin soon. Our prediction had"}, {"start": "00:13:23", "end": "00:13:27", "text": "doubled and timeline has moved up."}, {"start": "00:13:28", "end": "00:13:35", "text": "Maybe she knows something that we don't."}, {"start": "00:13:32", "end": "00:13:37", "text": "I don't know. But she has been a Bitcoin"}, {"start": "00:13:35", "end": "00:13:41", "text": "bull for a long time. Big investor into"}, {"start": "00:13:37", "end": "00:13:43", "text": "a lot of crypto companies, ETFs, and"}, {"start": "00:13:41", "end": "00:13:47", "text": "into Tesla and SpaceX. She seems to have"}, {"start": "00:13:43", "end": "00:13:48", "text": "a eye for some of these"}, {"start": "00:13:47", "end": "00:13:53", "text": "some of these investments that have done"}, {"start": "00:13:48", "end": "00:13:53", "text": "very very well over time."}, {"start": "00:13:53", "end": "00:13:59", "text": "So we'll see. We will see. But we do"}, {"start": "00:13:56", "end": "00:14:03", "text": "know all the banks are getting involved"}, {"start": "00:13:59", "end": "00:14:07", "text": "with ledgers, okay, with yield soon with"}, {"start": "00:14:03", "end": "00:14:09", "text": "the Clarity Act. And yes, they're all"}, {"start": "00:14:07", "end": "00:14:11", "text": "involved with Bitcoin in some way."}, {"start": "00:14:09", "end": "00:14:15", "text": "Either being a custodian for Bitcoin or"}, {"start": "00:14:11", "end": "00:14:18", "text": "offering trading services or simply"}, {"start": "00:14:15", "end": "00:14:20", "text": "offering ETF to their wealth clients."}, {"start": "00:14:18", "end": "00:14:22", "text": "They're all getting involved in one way"}, {"start": "00:14:20", "end": "00:14:25", "text": "or another."}, {"start": "00:14:22", "end": "00:14:28", "text": "So, that is true. That is definitely"}, {"start": "00:14:25", "end": "00:14:30", "text": "true."}, {"start": "00:14:28", "end": "00:14:34", "text": "What else?"}, {"start": "00:14:30", "end": "00:14:36", "text": "Uh Tom Lee and Ethereum."}, {"start": "00:14:34", "end": "00:14:38", "text": "This guy's not gonna give up. He also"}, {"start": "00:14:36", "end": "00:14:41", "text": "sees it,"}, {"start": "00:14:38", "end": "00:14:44", "text": "right? RWA"}, {"start": "00:14:41", "end": "00:14:46", "text": "is a big thing."}, {"start": "00:14:44", "end": "00:14:50", "text": "It's going to be a big thing. Stable"}, {"start": "00:14:46", "end": "00:14:52", "text": "coins is going to be a big thing. Okay."}, {"start": "00:14:50", "end": "00:14:54", "text": "And uh that's why he believes in"}, {"start": "00:14:52", "end": "00:14:57", "text": "Ethereum so much"}, {"start": "00:14:54", "end": "00:15:00", "text": "because Ethereum is leading in both."}, {"start": "00:14:57", "end": "00:15:04", "text": "Right? If you look at liquidity,"}, {"start": "00:15:00", "end": "00:15:08", "text": "you look at stables, Ethereum by far has"}, {"start": "00:15:04", "end": "00:15:11", "text": "the most, right? And that's why"}, {"start": "00:15:08", "end": "00:15:13", "text": "RWA, TVL,"}, {"start": "00:15:11", "end": "00:15:16", "text": "um"}, {"start": "00:15:13", "end": "00:15:21", "text": "you look at anything that contributes to"}, {"start": "00:15:16", "end": "00:15:24", "text": "um like DEXes and liquidity pools and"}, {"start": "00:15:21", "end": "00:15:27", "text": "and all liquid staking and all this,"}, {"start": "00:15:24", "end": "00:15:31", "text": "right? Most active on Ethereum. That's"}, {"start": "00:15:27", "end": "00:15:33", "text": "why he's so bullish. And yesterday"}, {"start": "00:15:31", "end": "00:15:35", "text": "we saw volume climb back and ETH is"}, {"start": "00:15:33", "end": "00:15:38", "text": "still elevated today versus yesterday"}, {"start": "00:15:35", "end": "00:15:40", "text": "because there are a lot of ETH holders,"}, {"start": "00:15:38", "end": "00:15:42", "text": "a lot of bag holders and they believe"}, {"start": "00:15:40", "end": "00:15:45", "text": "and Tom Le's really carrying Ethereum"}, {"start": "00:15:42", "end": "00:15:47", "text": "right now with his large purchases. He"}, {"start": "00:15:45", "end": "00:15:49", "text": "just bought like another 125 million"}, {"start": "00:15:47", "end": "00:15:51", "text": "yesterday"}, {"start": "00:15:49", "end": "00:15:55", "text": "and every week he's buying like 100 plus"}, {"start": "00:15:51", "end": "00:15:57", "text": "million and he's staking all that. So"}, {"start": "00:15:55", "end": "00:16:00", "text": "definitely making a big difference to"}, {"start": "00:15:57", "end": "00:16:05", "text": "the ecosystem."}, {"start": "00:16:00", "end": "00:16:07", "text": "Uh outside of this Kraken did list or"}, {"start": "00:16:05", "end": "00:16:10", "text": "rolls out their perpetual futures for US"}, {"start": "00:16:07", "end": "00:16:12", "text": "traders. Okay, they got approval."}, {"start": "00:16:10", "end": "00:16:15", "text": "They're the what basically all the US"}, {"start": "00:16:12", "end": "00:16:18", "text": "exchanges are going have this. Only"}, {"start": "00:16:15", "end": "00:16:19", "text": "thing I caution is be careful because"}, {"start": "00:16:18", "end": "00:16:22", "text": "a lot of people are still getting"}, {"start": "00:16:19", "end": "00:16:24", "text": "wrecked left and right from futures and"}, {"start": "00:16:22", "end": "00:16:27", "text": "from leverage. So, you got to be"}, {"start": "00:16:24", "end": "00:16:31", "text": "careful. But the US exchanges are going"}, {"start": "00:16:27", "end": "00:16:33", "text": "to have them. Kraken, Coinbase, Gemini,"}, {"start": "00:16:31", "end": "00:16:36", "text": "everyone is going to have them. They"}, {"start": "00:16:33", "end": "00:16:39", "text": "used to. And in the last regime, Gary"}, {"start": "00:16:36", "end": "00:16:41", "text": "Gendler made everything illegal, but now"}, {"start": "00:16:39", "end": "00:16:43", "text": "they're all being legal again. So,"}, {"start": "00:16:41", "end": "00:16:45", "text": "you're going to see this pretty much"}, {"start": "00:16:43", "end": "00:16:47", "text": "everywhere."}, {"start": "00:16:45", "end": "00:16:53", "text": "I saw this, too. I didn't even hear"}, {"start": "00:16:47", "end": "00:16:56", "text": "about it until now. Ton. Okay. Toncoin"}, {"start": "00:16:53", "end": "00:16:59", "text": "is now called Graham."}, {"start": "00:16:56", "end": "00:17:03", "text": "Actually, if I'm being honest, I think"}, {"start": "00:16:59", "end": "00:17:06", "text": "Graham does sound a lot better. Okay."}, {"start": "00:17:03", "end": "00:17:11", "text": "But ton ton toncoin just like kind of"}, {"start": "00:17:06", "end": "00:17:14", "text": "feels off when you say it. Uh Graham"}, {"start": "00:17:11", "end": "00:17:16", "text": "makes a lot of sense."}, {"start": "00:17:14", "end": "00:17:18", "text": "And"}, {"start": "00:17:16", "end": "00:17:20", "text": "there's more Cardono controversy. I"}, {"start": "00:17:18", "end": "00:17:22", "text": "don't know. every single day there seems"}, {"start": "00:17:20", "end": "00:17:25", "text": "to be some new FUD."}, {"start": "00:17:22", "end": "00:17:28", "text": "Uh supposedly, you know, there was uh"}, {"start": "00:17:25", "end": "00:17:33", "text": "almost 1,00 Bitcoin raised in the early"}, {"start": "00:17:28", "end": "00:17:37", "text": "days of Cardano. They had IPO an ICO in"}, {"start": "00:17:33", "end": "00:17:39", "text": "Japan and uh they raised"}, {"start": "00:17:37", "end": "00:17:42", "text": "they probably raised more than this, but"}, {"start": "00:17:39", "end": "00:17:45", "text": "there's this debate on what happened"}, {"start": "00:17:42", "end": "00:17:47", "text": "with this. And Charles is saying this"}, {"start": "00:17:45", "end": "00:17:49", "text": "was used this was sold and used for"}, {"start": "00:17:47", "end": "00:17:52", "text": "auditing."}, {"start": "00:17:49", "end": "00:17:55", "text": "And uh and that's the end of that. And"}, {"start": "00:17:52", "end": "00:17:56", "text": "then now people are demanding to see the"}, {"start": "00:17:55", "end": "00:18:01", "text": "invoice"}, {"start": "00:17:56", "end": "00:18:03", "text": "or invoices for that, right? If it was"}, {"start": "00:18:01", "end": "00:18:06", "text": "for auditing, then there should be"}, {"start": "00:18:03", "end": "00:18:09", "text": "invoices. And the timeline of when"}, {"start": "00:18:06", "end": "00:18:12", "text": "Charles said he sold for the, you know,"}, {"start": "00:18:09", "end": "00:18:15", "text": "the the auditing doesn't make sense."}, {"start": "00:18:12", "end": "00:18:18", "text": "There's a lot of FUD out there right"}, {"start": "00:18:15", "end": "00:18:21", "text": "now. And Charles is uh is like enough is"}, {"start": "00:18:18", "end": "00:18:24", "text": "enough. But it's a long time ago. It's a"}, {"start": "00:18:21", "end": "00:18:27", "text": "long time ago. But this is what happens"}, {"start": "00:18:24", "end": "00:18:32", "text": "during crypto winters. Everyone starts"}, {"start": "00:18:27", "end": "00:18:37", "text": "picking, right, and starts digging and"}, {"start": "00:18:32", "end": "00:18:40", "text": "and a whole lot of investigations are"}, {"start": "00:18:37", "end": "00:18:42", "text": "are conducted. So, we'll see. We'll see."}, {"start": "00:18:40", "end": "00:18:44", "text": "There's a lot of FUD around Cardano and"}, {"start": "00:18:42", "end": "00:18:46", "text": "and Charles right now. I think they'll"}, {"start": "00:18:44", "end": "00:18:50", "text": "get through it, but right now it's just"}, {"start": "00:18:46", "end": "00:18:54", "text": "kind of one of those dark times."}, {"start": "00:18:50", "end": "00:18:56", "text": "All right, let's see. Uh"}, {"start": "00:18:54", "end": "00:19:00", "text": "NASDAQ turned"}, {"start": "00:18:56", "end": "00:19:03", "text": "green, so that's good. Bitcoin is still"}, {"start": "00:19:00", "end": "00:19:09", "text": "sitting around 66. Okay, overall not a"}, {"start": "00:19:03", "end": "00:19:13", "text": "whole lot of movement. Uh if we look at"}, {"start": "00:19:09", "end": "00:19:17", "text": "if we look at uh let's see let's look at"}, {"start": "00:19:13", "end": "00:19:17", "text": "stock screener today overall"}, {"start": "00:19:18", "end": "00:19:22", "text": "not a whole lot of movement other than"}, {"start": "00:19:19", "end": "00:19:25", "text": "SpaceX. Wait, SpaceX can't be up that"}, {"start": "00:19:22", "end": "00:19:28", "text": "much, is it?"}, {"start": "00:19:25", "end": "00:19:30", "text": "Oh man, they're they're up another 12%."}, {"start": "00:19:28", "end": "00:19:33", "text": "My stock screener is off, so I'm going"}, {"start": "00:19:30", "end": "00:19:36", "text": "to have to fix that. But man, today"}, {"start": "00:19:33", "end": "00:19:37", "text": "overall it's not very good for most"}, {"start": "00:19:36", "end": "00:19:40", "text": "stocks."}, {"start": "00:19:37", "end": "00:19:43", "text": "But SpaceX continues to"}, {"start": "00:19:40", "end": "00:19:48", "text": "attract the FOMO."}, {"start": "00:19:43", "end": "00:19:53", "text": "Went from 135. The closing day was 16"}, {"start": "00:19:48", "end": "00:19:58", "text": "something. Yesterday was like one"}, {"start": "00:19:53", "end": "00:20:00", "text": "190 190s and now it's like 216. Just"}, {"start": "00:19:58", "end": "00:20:03", "text": "absolute FOMO."}, {"start": "00:20:00", "end": "00:20:03", "text": "All right,"}, {"start": "00:20:04", "end": "00:20:08", "text": "let's do some Q&A."}, {"start": "00:20:26", "end": "00:20:30", "text": "Have you heard any theory that AI is"}, {"start": "00:20:28", "end": "00:20:32", "text": "inflated? IPOs pushed through for exit"}, {"start": "00:20:30", "end": "00:20:35", "text": "liquidity and they're planning on buying"}, {"start": "00:20:32", "end": "00:20:37", "text": "gold. Well, you lost me at PL planning"}, {"start": "00:20:35", "end": "00:20:40", "text": "on buying gold because I think you just"}, {"start": "00:20:37", "end": "00:20:42", "text": "made that up."}, {"start": "00:20:40", "end": "00:20:43", "text": "The first part is true. A lot of"}, {"start": "00:20:42", "end": "00:20:46", "text": "insiders"}, {"start": "00:20:43", "end": "00:20:48", "text": "are pushing for IPO so that they could"}, {"start": "00:20:46", "end": "00:20:50", "text": "exit. A lot of people, a lot of early"}, {"start": "00:20:48", "end": "00:20:52", "text": "insiders,"}, {"start": "00:20:50", "end": "00:20:55", "text": "I bet you sold on the first couple days"}, {"start": "00:20:52", "end": "00:20:57", "text": "or including today is they couldn't sell"}, {"start": "00:20:55", "end": "00:20:59", "text": "their private equity before. They"}, {"start": "00:20:57", "end": "00:21:01", "text": "couldn't sell their private shares, but"}, {"start": "00:20:59", "end": "00:21:05", "text": "now they can. They all got converted."}, {"start": "00:21:01", "end": "00:21:07", "text": "Same thing. I mean, if you think about"}, {"start": "00:21:05", "end": "00:21:10", "text": "it, this is a genius and also kind of"}, {"start": "00:21:07", "end": "00:21:10", "text": "like"}, {"start": "00:21:11", "end": "00:21:18", "text": "iffy, okay, or grayish"}, {"start": "00:21:15", "end": "00:21:21", "text": "um"}, {"start": "00:21:18", "end": "00:21:23", "text": "how do you say it? If you look at all"}, {"start": "00:21:21", "end": "00:21:25", "text": "these mergers that SpaceX have done or"}, {"start": "00:21:23", "end": "00:21:29", "text": "all that Elon have done, you could"}, {"start": "00:21:25", "end": "00:21:30", "text": "either say it's in the gray area or it's"}, {"start": "00:21:29", "end": "00:21:32", "text": "genius."}, {"start": "00:21:30", "end": "00:21:35", "text": "Just think about it. I've even covered"}, {"start": "00:21:32", "end": "00:21:40", "text": "this before too."}, {"start": "00:21:35", "end": "00:21:41", "text": "Um Elon goes on a buying spree, right?"}, {"start": "00:21:40", "end": "00:21:44", "text": "He wanted to make a change. Whether that"}, {"start": "00:21:41", "end": "00:21:46", "text": "or he was just, you know, he was in one"}, {"start": "00:21:44", "end": "00:21:48", "text": "of those phases where he just wanted to"}, {"start": "00:21:46", "end": "00:21:52", "text": "do something and it was a really bad"}, {"start": "00:21:48", "end": "00:21:57", "text": "move. everyone called it where he"}, {"start": "00:21:52", "end": "00:22:00", "text": "bided $44 billion for X for Twitter. He"}, {"start": "00:21:57", "end": "00:22:02", "text": "wanted to get out of it. He couldn't"}, {"start": "00:22:00", "end": "00:22:04", "text": "because he already submitted and and the"}, {"start": "00:22:02", "end": "00:22:08", "text": "judges ruled that he can't get out of"}, {"start": "00:22:04", "end": "00:22:10", "text": "it. Okay. Instantly he lost a lot of"}, {"start": "00:22:08", "end": "00:22:13", "text": "money even after years after rebranding"}, {"start": "00:22:10", "end": "00:22:15", "text": "and stuff like that. Even now I bet he's"}, {"start": "00:22:13", "end": "00:22:18", "text": "losing money on Twitter. The valuation"}, {"start": "00:22:15", "end": "00:22:19", "text": "go down. all the investors. Okay, he"}, {"start": "00:22:18", "end": "00:22:22", "text": "didn't put up all his money. He didn't"}, {"start": "00:22:19", "end": "00:22:25", "text": "put up 44 billion. He took a lot of"}, {"start": "00:22:22", "end": "00:22:27", "text": "investor money for that. And investors"}, {"start": "00:22:25", "end": "00:22:29", "text": "are now down. They're like, Elon, we"}, {"start": "00:22:27", "end": "00:22:30", "text": "want our money back. How are we going to"}, {"start": "00:22:29", "end": "00:22:34", "text": "do that?"}, {"start": "00:22:30", "end": "00:22:37", "text": "Well, last year, then he created a"}, {"start": "00:22:34", "end": "00:22:39", "text": "company called XAI because it it didn't"}, {"start": "00:22:37", "end": "00:22:42", "text": "even exist before. It was just part of"}, {"start": "00:22:39", "end": "00:22:45", "text": "Tesla. Um I don't know. It was part of"}, {"start": "00:22:42", "end": "00:22:48", "text": "Tesla, part of SpaceX or whatever. Or"}, {"start": "00:22:45", "end": "00:22:51", "text": "maybe he just created it out of"}, {"start": "00:22:48", "end": "00:22:54", "text": "X, right, for Grock. He just came up"}, {"start": "00:22:51", "end": "00:22:59", "text": "with a company called XAI and then said"}, {"start": "00:22:54", "end": "00:23:02", "text": "XAI is buying Twitter for"}, {"start": "00:22:59", "end": "00:23:04", "text": "for like stock, no cash. So now all the"}, {"start": "00:23:02", "end": "00:23:07", "text": "Twitter guys, all their equities got"}, {"start": "00:23:04", "end": "00:23:10", "text": "converted to XAI, but XAI itself isn't"}, {"start": "00:23:07", "end": "00:23:13", "text": "making any money. It's down too. So it's"}, {"start": "00:23:10", "end": "00:23:15", "text": "not going up in value."}, {"start": "00:23:13", "end": "00:23:18", "text": "So, what do you do with that situation?"}, {"start": "00:23:15", "end": "00:23:20", "text": "Well, then Elon's like, \"Can I merge it"}, {"start": "00:23:18", "end": "00:23:26", "text": "with Tesla? Probably not a good idea."}, {"start": "00:23:20", "end": "00:23:26", "text": "So, why don't I have SpaceX buy XAI?\""}, {"start": "00:23:26", "end": "00:23:31", "text": "So, that's what exactly what happened."}, {"start": "00:23:28", "end": "00:23:34", "text": "Again, it's all stock. It's not any"}, {"start": "00:23:31", "end": "00:23:36", "text": "cash. SpaceX didn't pay any cash for"}, {"start": "00:23:34", "end": "00:23:39", "text": "XAI. XAI didn't pay any cash for"}, {"start": "00:23:36", "end": "00:23:42", "text": "Twitter."}, {"start": "00:23:39", "end": "00:23:44", "text": "and SpaceX he knew would get a lot of"}, {"start": "00:23:42", "end": "00:23:48", "text": "attention."}, {"start": "00:23:44", "end": "00:23:51", "text": "Um it is profitable but not as much to"}, {"start": "00:23:48", "end": "00:23:54", "text": "justify this evaluation. But regardless"}, {"start": "00:23:51", "end": "00:23:58", "text": "here here's where we are. insiders"}, {"start": "00:23:54", "end": "00:24:02", "text": "now can sell. The Twitter insiders, XAI"}, {"start": "00:23:58", "end": "00:24:06", "text": "insiders, SpaceX insiders can now sell"}, {"start": "00:24:02", "end": "00:24:11", "text": "and they made a boatload of money"}, {"start": "00:24:06", "end": "00:24:14", "text": "by by investing early, right? So on one"}, {"start": "00:24:11", "end": "00:24:16", "text": "hand, you could say Elon is a freaking"}, {"start": "00:24:14", "end": "00:24:20", "text": "genius. He took all his unprofitable"}, {"start": "00:24:16", "end": "00:24:23", "text": "companies and made it extreme made them"}, {"start": "00:24:20", "end": "00:24:26", "text": "all extremely profitable. made extremely"}, {"start": "00:24:23", "end": "00:24:28", "text": "a ton of money, a lot of money for all"}, {"start": "00:24:26", "end": "00:24:31", "text": "his investors, even though those"}, {"start": "00:24:28", "end": "00:24:33", "text": "companies are"}, {"start": "00:24:31", "end": "00:24:36", "text": "money losers,"}, {"start": "00:24:33", "end": "00:24:38", "text": "right? And now he has generated so much"}, {"start": "00:24:36", "end": "00:24:42", "text": "buzz for SpaceX because not only is this"}, {"start": "00:24:38", "end": "00:24:45", "text": "space exploration, but it's also"}, {"start": "00:24:42", "end": "00:24:48", "text": "Starlink satellites, which a lot of"}, {"start": "00:24:45", "end": "00:24:49", "text": "people are very, you know, they use."}, {"start": "00:24:48", "end": "00:24:52", "text": "It's a good service. He's making money"}, {"start": "00:24:49", "end": "00:24:54", "text": "from that. But he integrated that with"}, {"start": "00:24:52", "end": "00:24:56", "text": "space exploration. He integrated this"}, {"start": "00:24:54", "end": "00:24:58", "text": "with AI, which is like the hottest thing"}, {"start": "00:24:56", "end": "00:25:01", "text": "right now."}, {"start": "00:24:58", "end": "00:25:03", "text": "And he put everything together,"}, {"start": "00:25:01", "end": "00:25:06", "text": "right?"}, {"start": "00:25:03", "end": "00:25:06", "text": "So"}, {"start": "00:25:06", "end": "00:25:12", "text": "that's kind of the story behind this. So"}, {"start": "00:25:09", "end": "00:25:13", "text": "on one hand, you're like, man, that's"}, {"start": "00:25:12", "end": "00:25:17", "text": "pretty genius. On the other hand, you're"}, {"start": "00:25:13", "end": "00:25:21", "text": "like, \"Man, that's kind of like"}, {"start": "00:25:17", "end": "00:25:23", "text": "shady, gray, because no one has really"}, {"start": "00:25:21", "end": "00:25:27", "text": "done that before, but doesn't mean it"}, {"start": "00:25:23", "end": "00:25:27", "text": "can't be done.\""}, {"start": "00:25:33", "end": "00:25:39", "text": "Yeah, it's just kind of wild. But you"}, {"start": "00:25:35", "end": "00:25:42", "text": "know what? We'll see how this goes. I"}, {"start": "00:25:39", "end": "00:25:45", "text": "just urge caution. A lot of people are"}, {"start": "00:25:42", "end": "00:25:49", "text": "are looking to FOMO in and I get that."}, {"start": "00:25:45", "end": "00:25:51", "text": "Actually, today options open on SpaceX."}, {"start": "00:25:49", "end": "00:25:54", "text": "So, it's very tempting to just throw"}, {"start": "00:25:51", "end": "00:25:58", "text": "some options at this or buy some longs"}, {"start": "00:25:54", "end": "00:26:02", "text": "or um or buy some calls, I should say."}, {"start": "00:25:58", "end": "00:26:03", "text": "Um or get in this now. But just like"}, {"start": "00:26:02", "end": "00:26:05", "text": "everything, when it's too heated, it's"}, {"start": "00:26:03", "end": "00:26:07", "text": "going to come down. I wouldn't be"}, {"start": "00:26:05", "end": "00:26:10", "text": "surprised in the future we have like a"}, {"start": "00:26:07", "end": "00:26:12", "text": "20 minus 20 or minus 30% day when the"}, {"start": "00:26:10", "end": "00:26:14", "text": "bubble bursts and it'll find a base and"}, {"start": "00:26:12", "end": "00:26:17", "text": "then it'll go back up like all the other"}, {"start": "00:26:14", "end": "00:26:19", "text": "companies out there. Just don't know"}, {"start": "00:26:17", "end": "00:26:22", "text": "when that is. It could be as early as"}, {"start": "00:26:19", "end": "00:26:25", "text": "tomorrow or early after the Fed meeting."}, {"start": "00:26:22", "end": "00:26:28", "text": "I don't know. I just I'm myself I'm"}, {"start": "00:26:25", "end": "00:26:32", "text": "waiting for this to come down. But this"}, {"start": "00:26:28", "end": "00:26:36", "text": "p this purchase of cursor is somewhat a"}, {"start": "00:26:32", "end": "00:26:37", "text": "big deal because Grock kind of sucks. Um"}, {"start": "00:26:36", "end": "00:26:40", "text": "it's only good at answering basic"}, {"start": "00:26:37", "end": "00:26:42", "text": "questions on on X but it sucks at"}, {"start": "00:26:40", "end": "00:26:44", "text": "everything else. So acquiring cursor"}, {"start": "00:26:42", "end": "00:26:47", "text": "gets the some of the talent gets their"}, {"start": "00:26:44", "end": "00:26:49", "text": "new model called composer 2.5 which is"}, {"start": "00:26:47", "end": "00:26:51", "text": "actually really good. So if you use"}, {"start": "00:26:49", "end": "00:26:54", "text": "Grock build which is their coding"}, {"start": "00:26:51", "end": "00:26:57", "text": "platform it already has it integrated"}, {"start": "00:26:54", "end": "00:26:59", "text": "and it's a really good model. So, it"}, {"start": "00:26:57", "end": "00:27:01", "text": "kind of ups their AI game a little bit."}, {"start": "00:26:59", "end": "00:27:05", "text": "But"}, {"start": "00:27:01", "end": "00:27:08", "text": "the next big one is Anthropic and Open"}, {"start": "00:27:05", "end": "00:27:09", "text": "AI. They're going to go IPO soon, and I"}, {"start": "00:27:08", "end": "00:27:12", "text": "think they're going to go just as"}, {"start": "00:27:09", "end": "00:27:15", "text": "bonkers. Open AAI could go two plus"}, {"start": "00:27:12", "end": "00:27:17", "text": "trillion easily when they go IPO. And"}, {"start": "00:27:15", "end": "00:27:20", "text": "Anthropic will probably be somewhere"}, {"start": "00:27:17", "end": "00:27:22", "text": "between 1.5 to two trillion, too. But"}, {"start": "00:27:20", "end": "00:27:27", "text": "Anthropic is having a lot of FUD right"}, {"start": "00:27:22", "end": "00:27:29", "text": "now. So, self-imposed FUD. Um, but GBT56"}, {"start": "00:27:27", "end": "00:27:31", "text": "will probably come out next week and"}, {"start": "00:27:29", "end": "00:27:34", "text": "when they go IPO later this year,"}, {"start": "00:27:31", "end": "00:27:38", "text": "depending on how hot the market is,"}, {"start": "00:27:34", "end": "00:27:40", "text": "which probably will be hotter,"}, {"start": "00:27:38", "end": "00:27:43", "text": "their their IPO will probably be above"}, {"start": "00:27:40", "end": "00:27:45", "text": "two trillion."}, {"start": "00:27:43", "end": "00:27:48", "text": "It's It's going to be nuts. It's going"}, {"start": "00:27:45", "end": "00:27:48", "text": "to be nuts,"}, {"start": "00:27:50", "end": "00:27:55", "text": "Daniel. That's exactly right. Coinbase"}, {"start": "00:27:52", "end": "00:27:57", "text": "was very very hot too when they they had"}, {"start": "00:27:55", "end": "00:28:00", "text": "their IPO"}, {"start": "00:27:57", "end": "00:28:02", "text": "uh debuted at 400 and then shortly"}, {"start": "00:28:00", "end": "00:28:04", "text": "afterwards it went down. But SpaceX is a"}, {"start": "00:28:02", "end": "00:28:07", "text": "different beast though."}, {"start": "00:28:04", "end": "00:28:11", "text": "There are a lot of Elon fans. There are"}, {"start": "00:28:07", "end": "00:28:14", "text": "a lot of SpaceX fans and Starling fans."}, {"start": "00:28:11", "end": "00:28:20", "text": "and he's talking a lot about building"}, {"start": "00:28:14", "end": "00:28:23", "text": "moon bases and um and having um"}, {"start": "00:28:20", "end": "00:28:26", "text": "data centers there and using Starlink"}, {"start": "00:28:23", "end": "00:28:29", "text": "for communication and building like all"}, {"start": "00:28:26", "end": "00:28:31", "text": "these crazy stuff on the moon, which"}, {"start": "00:28:29", "end": "00:28:33", "text": "actually is a lot more doable and should"}, {"start": "00:28:31", "end": "00:28:35", "text": "have been his goal in the first place"}, {"start": "00:28:33", "end": "00:28:37", "text": "because early on he he kept talking"}, {"start": "00:28:35", "end": "00:28:39", "text": "about going to Mars, right? And then I"}, {"start": "00:28:37", "end": "00:28:42", "text": "think he realized how difficult that is"}, {"start": "00:28:39", "end": "00:28:44", "text": "versus just building on the moon. It's a"}, {"start": "00:28:42", "end": "00:28:47", "text": "lot more practical, if you could call it"}, {"start": "00:28:44", "end": "00:28:50", "text": "that. But it's a lot more doable, a lot"}, {"start": "00:28:47", "end": "00:28:53", "text": "cheaper, a lot faster, and"}, {"start": "00:28:50", "end": "00:28:55", "text": "with all the the, you know, with the"}, {"start": "00:28:53", "end": "00:28:57", "text": "growing need of building infrastructure"}, {"start": "00:28:55", "end": "00:28:59", "text": "and power and cooling all that for all"}, {"start": "00:28:57", "end": "00:29:01", "text": "these data centers, we're better to do"}, {"start": "00:28:59", "end": "00:29:04", "text": "it than"}, {"start": "00:29:01", "end": "00:29:06", "text": "than the moon. It's much better to do on"}, {"start": "00:29:04", "end": "00:29:08", "text": "the moon than Mars."}, {"start": "00:29:06", "end": "00:29:08", "text": ">> [snorts]"}, {"start": "00:29:24", "end": "00:29:26", "text": "[snorts]"}, {"start": "00:30:03", "end": "00:30:08", "text": "[snorts]"}, {"start": "00:30:05", "end": "00:30:10", "text": ">> year end prediction for Bitcoin. I'd say"}, {"start": "00:30:08", "end": "00:30:12", "text": "back to our previous high, but a little"}, {"start": "00:30:10", "end": "00:30:16", "text": "bit higher."}, {"start": "00:30:12", "end": "00:30:19", "text": "I'd be very happy if we hit like 130 140"}, {"start": "00:30:16", "end": "00:30:22", "text": "by the end of the year, right?"}, {"start": "00:30:19", "end": "00:30:24", "text": "Um, I think that could definitely"}, {"start": "00:30:22", "end": "00:30:27", "text": "definitely happen,"}, {"start": "00:30:24", "end": "00:30:30", "text": "but obviously we need some things to"}, {"start": "00:30:27", "end": "00:30:35", "text": "happen first. This war needs to be over"}, {"start": "00:30:30", "end": "00:30:38", "text": "soon. Um, we're going to need to have"}, {"start": "00:30:35", "end": "00:30:40", "text": "indications of rate cuts because right"}, {"start": "00:30:38", "end": "00:30:42", "text": "now it doesn't seem like we're anywhere"}, {"start": "00:30:40", "end": "00:30:44", "text": "close to having a rate cut, but we're"}, {"start": "00:30:42", "end": "00:30:46", "text": "going to need like wars to say, well,"}, {"start": "00:30:44", "end": "00:30:50", "text": "we're considering it or something like"}, {"start": "00:30:46", "end": "00:30:53", "text": "some something good, hopeful, right?"}, {"start": "00:30:50", "end": "00:30:55", "text": "And then, you know, as long the US"}, {"start": "00:30:53", "end": "00:30:57", "text": "market continues to well, right,"}, {"start": "00:30:55", "end": "00:30:59", "text": "liquidity will flow out. there will be a"}, {"start": "00:30:57", "end": "00:31:02", "text": "capital rotation out back into Bitcoin"}, {"start": "00:30:59", "end": "00:31:05", "text": "and crypto for sure because investors"}, {"start": "00:31:02", "end": "00:31:08", "text": "are always chasing the shiniest things,"}, {"start": "00:31:05", "end": "00:31:10", "text": "right? And when everything is too high,"}, {"start": "00:31:08", "end": "00:31:12", "text": "too frothy, they're go look for what"}, {"start": "00:31:10", "end": "00:31:14", "text": "else is there. And Bitcoin and crypto is"}, {"start": "00:31:12", "end": "00:31:18", "text": "definitely"}, {"start": "00:31:14", "end": "00:31:20", "text": "low and they know the per performance,"}, {"start": "00:31:18", "end": "00:31:24", "text": "right? Money will flow back in, but we"}, {"start": "00:31:20", "end": "00:31:25", "text": "need a couple things to happen. And a"}, {"start": "00:31:24", "end": "00:31:26", "text": "lot of people are predicting right"}, {"start": "00:31:25", "end": "00:31:28", "text": "before midterms things are going to"}, {"start": "00:31:26", "end": "00:31:30", "text": "explode. And I think that could be the"}, {"start": "00:31:28", "end": "00:31:33", "text": "case, too."}, {"start": "00:31:30", "end": "00:31:36", "text": "So, we'll see. I'll be very happy if we"}, {"start": "00:31:33", "end": "00:31:39", "text": "get above. If we don't and we just"}, {"start": "00:31:36", "end": "00:31:42", "text": "simply get back above 100 and claw back"}, {"start": "00:31:39", "end": "00:31:45", "text": "to like 105, 110ish,"}, {"start": "00:31:42", "end": "00:31:48", "text": "not at our all-time high."}, {"start": "00:31:45", "end": "00:31:53", "text": "I'm okay with that. Above above six"}, {"start": "00:31:48", "end": "00:31:53", "text": "figures. Okay."}, {"start": "00:32:06", "end": "00:32:09", "text": ">> [snorts]"}, {"start": "00:32:06", "end": "00:32:11", "text": ">> Uh, Lith 88uro, do you think buying one"}, {"start": "00:32:09", "end": "00:32:14", "text": "stock of SpaceX and leaving is a good"}, {"start": "00:32:11", "end": "00:32:17", "text": "idea or we need to add one lump sum and"}, {"start": "00:32:14", "end": "00:32:19", "text": "leave it? No, I mean one I mean one is"}, {"start": "00:32:17", "end": "00:32:22", "text": "not going to be a gamecher for you,"}, {"start": "00:32:19", "end": "00:32:26", "text": "right? Like right now it's 200. Even"}, {"start": "00:32:22", "end": "00:32:28", "text": "went up to a th00and that's 5x."}, {"start": "00:32:26", "end": "00:32:31", "text": "That's that's just $1,000. That's not"}, {"start": "00:32:28", "end": "00:32:32", "text": "going to be life changing for you,"}, {"start": "00:32:31", "end": "00:32:34", "text": "right? Keep in mind it's already at $2"}, {"start": "00:32:32", "end": "00:32:39", "text": "trillion."}, {"start": "00:32:34", "end": "00:32:42", "text": "So even if it went to 10 trillion, which"}, {"start": "00:32:39", "end": "00:32:43", "text": "will probably take some time, it's only"}, {"start": "00:32:42", "end": "00:32:46", "text": "a 5x,"}, {"start": "00:32:43", "end": "00:32:50", "text": "right? A lot of other things can move 5x"}, {"start": "00:32:46", "end": "00:32:53", "text": "way faster, way quicker. So he's got to"}, {"start": "00:32:50", "end": "00:32:53", "text": "think about it like that way"}, {"start": "00:33:01", "end": "00:33:06", "text": "[snorts] tanks."}, {"start": "00:33:03", "end": "00:33:12", "text": "Good to hear. Community is strong in"}, {"start": "00:33:06", "end": "00:33:15", "text": "Clash as Clash is going to be carrying"}, {"start": "00:33:12", "end": "00:33:18", "text": "the project and itself to the moon. I"}, {"start": "00:33:15", "end": "00:33:22", "text": "mean, just look at the timing right now"}, {"start": "00:33:18", "end": "00:33:24", "text": "is perfect for AI, right? That's what"}, {"start": "00:33:22", "end": "00:33:27", "text": "this platform is right now. You're"}, {"start": "00:33:24", "end": "00:33:29", "text": "seeing acquisitions left and right."}, {"start": "00:33:27", "end": "00:33:33", "text": "There are a lot of builders and this is"}, {"start": "00:33:29", "end": "00:33:35", "text": "the time to be building and moving"}, {"start": "00:33:33", "end": "00:33:39", "text": "forward. Like literally, you can build"}, {"start": "00:33:35", "end": "00:33:41", "text": "anything you want. As long as you have"}, {"start": "00:33:39", "end": "00:33:43", "text": "an imagination,"}, {"start": "00:33:41", "end": "00:33:45", "text": "as long as you can think of what you"}, {"start": "00:33:43", "end": "00:33:47", "text": "want, you can build it. But then the"}, {"start": "00:33:45", "end": "00:33:51", "text": "next thing is how do you market it? If"}, {"start": "00:33:47", "end": "00:33:54", "text": "you market it well, you go get massive"}, {"start": "00:33:51", "end": "00:33:57", "text": "offers. Okay,"}, {"start": "00:33:54", "end": "00:34:00", "text": "so that's what I'm doing and the"}, {"start": "00:33:57", "end": "00:34:03", "text": "community believes in that. I think I"}, {"start": "00:34:00", "end": "00:34:05", "text": "want to start charging uh or opening up"}, {"start": "00:34:03", "end": "00:34:07", "text": "subscriptions"}, {"start": "00:34:05", "end": "00:34:09", "text": "this week. So, we're going try to get"}, {"start": "00:34:07", "end": "00:34:12", "text": "some revenue. Part of that will go into"}, {"start": "00:34:09", "end": "00:34:15", "text": "the Clash ecosystem. Part of that will"}, {"start": "00:34:12", "end": "00:34:18", "text": "be used for marketing and growth, and"}, {"start": "00:34:15", "end": "00:34:20", "text": "we'll go from there."}, {"start": "00:34:18", "end": "00:34:23", "text": "But this is a pretty damn complete"}, {"start": "00:34:20", "end": "00:34:25", "text": "platform. The answers are fantastic, and"}, {"start": "00:34:23", "end": "00:34:29", "text": "you have allin-one shop with all the"}, {"start": "00:34:25", "end": "00:34:29", "text": "tools and everything you could think of."}, {"start": "00:35:01", "end": "00:35:07", "text": "I'm looking at my watch list right now."}, {"start": "00:35:05", "end": "00:35:09", "text": "Not Not a whole lot. Today overall is"}, {"start": "00:35:07", "end": "00:35:12", "text": "like a kind of a mixed day. Not"}, {"start": "00:35:09", "end": "00:35:16", "text": "everything is blowing up. Like some red,"}, {"start": "00:35:12", "end": "00:35:16", "text": "some green."}, {"start": "00:35:26", "end": "00:35:28", "text": ">> [snorts]"}, {"start": "00:35:31", "end": "00:35:37", "text": ">> uh lith. Thank you."}, {"start": "00:35:34", "end": "00:35:39", "text": "Thank you. I I people just don't realize"}, {"start": "00:35:37", "end": "00:35:42", "text": "how much time I spend. I mean, it's one"}, {"start": "00:35:39", "end": "00:35:46", "text": "thing to get a pretty website going."}, {"start": "00:35:42", "end": "00:35:50", "text": "It's another to actually get a database"}, {"start": "00:35:46", "end": "00:35:52", "text": "going you know fetching going ma making"}, {"start": "00:35:50", "end": "00:35:54", "text": "sure that all everything is hardened for"}, {"start": "00:35:52", "end": "00:35:58", "text": "multiple users"}, {"start": "00:35:54", "end": "00:36:00", "text": "for a lot of things right like there's a"}, {"start": "00:35:58", "end": "00:36:03", "text": "lot of time every single day that I"}, {"start": "00:36:00", "end": "00:36:07", "text": "spend improving this or hardening this"}, {"start": "00:36:03", "end": "00:36:12", "text": "or code reviewing this like"}, {"start": "00:36:07", "end": "00:36:13", "text": "14 hours at least every single day every"}, {"start": "00:36:12", "end": "00:36:17", "text": "day."}, {"start": "00:36:13", "end": "00:36:19", "text": "So, people don't don't see that, but I I"}, {"start": "00:36:17", "end": "00:36:20", "text": "enjoy doing it. Like, it's not like I"}, {"start": "00:36:19", "end": "00:36:24", "text": "don't really consider it work. There's"}, {"start": "00:36:20", "end": "00:36:27", "text": "times I feel really burned out, but"}, {"start": "00:36:24", "end": "00:36:29", "text": "overall, I enjoy it and I enjoy using"}, {"start": "00:36:27", "end": "00:36:32", "text": "the models. I enjoy playing around with"}, {"start": "00:36:29", "end": "00:36:34", "text": "the new ones. Um, and I hear a lot of"}, {"start": "00:36:32", "end": "00:36:37", "text": "other people are doing the same. So, I"}, {"start": "00:36:34", "end": "00:36:40", "text": "encourage everyone to start utilizing"}, {"start": "00:36:37", "end": "00:36:42", "text": "it. And you know,"}, {"start": "00:36:40", "end": "00:36:44", "text": "for people that don't have a brand, that"}, {"start": "00:36:42", "end": "00:36:48", "text": "don't have a company, that don't have"}, {"start": "00:36:44", "end": "00:36:51", "text": "something to use AI for, I know it's"}, {"start": "00:36:48", "end": "00:36:55", "text": "hard to think of ways, right? That's why"}, {"start": "00:36:51", "end": "00:36:58", "text": "I'm building more into"}, {"start": "00:36:55", "end": "00:37:00", "text": "ass."}, {"start": "00:36:58", "end": "00:37:02", "text": "And I think most AI companies are"}, {"start": "00:37:00", "end": "00:37:05", "text": "struggling with that, figuring out what"}, {"start": "00:37:02", "end": "00:37:06", "text": "normal people want."}, {"start": "00:37:05", "end": "00:37:08", "text": "Okay? Okay, but like right now it's"}, {"start": "00:37:06", "end": "00:37:11", "text": "pretty obvious all of you guys watching"}, {"start": "00:37:08", "end": "00:37:12", "text": "are focused on investments, right?"}, {"start": "00:37:11", "end": "00:37:16", "text": "Whether it's crypto, whether it's"}, {"start": "00:37:12", "end": "00:37:17", "text": "stocks, whether it's whatever gold,"}, {"start": "00:37:16", "end": "00:37:20", "text": "right? So that's the first step with"}, {"start": "00:37:17", "end": "00:37:23", "text": "agents. Build you really good reports,"}, {"start": "00:37:20", "end": "00:37:26", "text": "get you momentum. It'll track momentum."}, {"start": "00:37:23", "end": "00:37:28", "text": "It'll give you a thesis or do research."}, {"start": "00:37:26", "end": "00:37:30", "text": "It'll help your portfolio. This kind of"}, {"start": "00:37:28", "end": "00:37:33", "text": "first step."}, {"start": "00:37:30", "end": "00:37:37", "text": "Second step, not quite sure how far I"}, {"start": "00:37:33", "end": "00:37:37", "text": "want to go, but"}, {"start": "00:37:39", "end": "00:37:44", "text": "you know, there's a lot of like work"}, {"start": "00:37:41", "end": "00:37:47", "text": "stuff that could be done like creating,"}, {"start": "00:37:44", "end": "00:37:51", "text": "you know,"}, {"start": "00:37:47", "end": "00:37:55", "text": "creating uh business plans or or"}, {"start": "00:37:51", "end": "00:37:58", "text": "workflow or or powerpoints or even, you"}, {"start": "00:37:55", "end": "00:38:00", "text": "know, warning you of uh your meetings"}, {"start": "00:37:58", "end": "00:38:02", "text": "and stuff like that. There there are a"}, {"start": "00:38:00", "end": "00:38:05", "text": "lot of stuff that can be done. I just"}, {"start": "00:38:02", "end": "00:38:08", "text": "don't know if they should be. What I"}, {"start": "00:38:05", "end": "00:38:10", "text": "really like is coding."}, {"start": "00:38:08", "end": "00:38:11", "text": "Coding is just so addictive. Even though"}, {"start": "00:38:10", "end": "00:38:14", "text": "I don't know how to code, but I know how"}, {"start": "00:38:11", "end": "00:38:15", "text": "to use the AIS to code very well now."}, {"start": "00:38:14", "end": "00:38:17", "text": "But I would love to build that in here"}, {"start": "00:38:15", "end": "00:38:19", "text": "so that you guys can experience it. One"}, {"start": "00:38:17", "end": "00:38:21", "text": "of the hardest things about coding with"}, {"start": "00:38:19", "end": "00:38:24", "text": "all this AI is where you go host it. You"}, {"start": "00:38:21", "end": "00:38:27", "text": "have to get the infrastructure up. So,"}, {"start": "00:38:24", "end": "00:38:31", "text": "that's one thing I was thinking about"}, {"start": "00:38:27", "end": "00:38:32", "text": "is allowing people to specify like, oh,"}, {"start": "00:38:31", "end": "00:38:34", "text": "I want to build a website for this or I"}, {"start": "00:38:32", "end": "00:38:36", "text": "want to make a CMC clone or I want to do"}, {"start": "00:38:34", "end": "00:38:38", "text": "whatever and they could do it for you"}, {"start": "00:38:36", "end": "00:38:40", "text": "and they'll host it for you and it'll"}, {"start": "00:38:38", "end": "00:38:43", "text": "just be live and then you don't have to"}, {"start": "00:38:40", "end": "00:38:45", "text": "worry about it, right? Like that would"}, {"start": "00:38:43", "end": "00:38:48", "text": "be very cool. And they have sites like"}, {"start": "00:38:45", "end": "00:38:52", "text": "that already, but you know, I think I"}, {"start": "00:38:48", "end": "00:38:55", "text": "could twist and make it a little better."}, {"start": "00:38:52", "end": "00:38:59", "text": "My my own personal AI agent, my coding"}, {"start": "00:38:55", "end": "00:39:04", "text": "agent is like excellent. It's like"}, {"start": "00:38:59", "end": "00:39:04", "text": "as as good as they had come basically."}, {"start": "00:39:29", "end": "00:39:34", "text": "Even a discover page is useful. Like I"}, {"start": "00:39:32", "end": "00:39:37", "text": "I'm on here all the time just looking at"}, {"start": "00:39:34", "end": "00:39:37", "text": "different things."}, {"start": "00:39:38", "end": "00:39:41", "text": "I mean there's so many useful things."}, {"start": "00:39:40", "end": "00:39:46", "text": "So, like you could just hang out on this"}, {"start": "00:39:41", "end": "00:39:47", "text": "site if you wanted to, but I think most"}, {"start": "00:39:46", "end": "00:39:50", "text": "people don't really still don't know"}, {"start": "00:39:47", "end": "00:39:54", "text": "about Ask Clash or"}, {"start": "00:39:50", "end": "00:39:55", "text": "they they they just haven't used it yet"}, {"start": "00:39:54", "end": "00:39:58", "text": "still and most people in crypto still"}, {"start": "00:39:55", "end": "00:39:59", "text": "don't know. So, I may have to start"}, {"start": "00:39:58", "end": "00:40:01", "text": "marketing it, maybe getting other"}, {"start": "00:39:59", "end": "00:40:05", "text": "influencers to start using it because"}, {"start": "00:40:01", "end": "00:40:07", "text": "it's just a whole bunch of tools um"}, {"start": "00:40:05", "end": "00:40:10", "text": "that they would they could show off and"}, {"start": "00:40:07", "end": "00:40:14", "text": "use on a daily basis. And everyone in"}, {"start": "00:40:10", "end": "00:40:14", "text": "crypto could use this site. [snorts]"}, {"start": "00:40:17", "end": "00:40:22", "text": "Bitcoin doesn't need Ethereum style"}, {"start": "00:40:19", "end": "00:40:22", "text": "yield."}, {"start": "00:40:32", "end": "00:40:36", "text": "That's what Sailor says."}, {"start": "00:40:36", "end": "00:40:40", "text": "Bitcoin does not need staking. Bitcoin"}, {"start": "00:40:38", "end": "00:40:43", "text": "does not need inflation. Bitcoin does"}, {"start": "00:40:40", "end": "00:40:45", "text": "not need protocol changes. Bitcoin does"}, {"start": "00:40:43", "end": "00:40:47", "text": "not need to become Ethereum. The yield"}, {"start": "00:40:45", "end": "00:40:52", "text": "is created by capital structure above"}, {"start": "00:40:47", "end": "00:40:52", "text": "Bitcoin, not by debasing Bitcoin."}, {"start": "00:40:57", "end": "00:41:00", "text": "I don't even really know what that"}, {"start": "00:40:58", "end": "00:41:03", "text": "means. I think what he's trying to say"}, {"start": "00:41:00", "end": "00:41:06", "text": "this capital structure above Bitcoin is"}, {"start": "00:41:03", "end": "00:41:09", "text": "like what is all the services that"}, {"start": "00:41:06", "end": "00:41:12", "text": "Bitcoin attract"}, {"start": "00:41:09", "end": "00:41:15", "text": "and um"}, {"start": "00:41:12", "end": "00:41:19", "text": "basically saying just digital credits"}, {"start": "00:41:15", "end": "00:41:21", "text": "basically uh stretch and stuff like that"}, {"start": "00:41:19", "end": "00:41:23", "text": "stretch and strife and all this the"}, {"start": "00:41:21", "end": "00:41:28", "text": "preferred shares that he has he calls"}, {"start": "00:41:23", "end": "00:41:30", "text": "them digital digital credit."}, {"start": "00:41:28", "end": "00:41:32", "text": "So basically all the services that are"}, {"start": "00:41:30", "end": "00:41:37", "text": "offered or stocks that are offered to"}, {"start": "00:41:32", "end": "00:41:39", "text": "attract new capital is is basically"}, {"start": "00:41:37", "end": "00:41:41", "text": "yield for Bitcoin when you get more"}, {"start": "00:41:39", "end": "00:41:44", "text": "buyers."}, {"start": "00:41:41", "end": "00:41:45", "text": "In a way that's true, but it' be nice."}, {"start": "00:41:44", "end": "00:41:48", "text": "There are a lot of companies that try to"}, {"start": "00:41:45", "end": "00:41:50", "text": "figure out yield for Bitcoin. They don't"}, {"start": "00:41:48", "end": "00:41:52", "text": "really pay in Bitcoin. They they have to"}, {"start": "00:41:50", "end": "00:41:54", "text": "use it with some other altcoin."}, {"start": "00:41:52", "end": "00:41:57", "text": "So that's why they're not as attractive."}, {"start": "00:41:54", "end": "00:42:02", "text": "Bitcoin inherently does not have yield."}, {"start": "00:41:57", "end": "00:42:02", "text": "um because of the mining aspect."}, {"start": "00:42:09", "end": "00:42:13", "text": "Uh get yourself on pump and create a"}, {"start": "00:42:11", "end": "00:42:15", "text": "bounty for 10 signups on pro. I thought"}, {"start": "00:42:13", "end": "00:42:17", "text": "about that."}, {"start": "00:42:15", "end": "00:42:18", "text": "You know, pumpf fun has a new bounty,"}, {"start": "00:42:17", "end": "00:42:21", "text": "right? I was thinking about doing"}, {"start": "00:42:18", "end": "00:42:25", "text": "something creative with that."}, {"start": "00:42:21", "end": "00:42:27", "text": "Um utilizing that for marketing. I think"}, {"start": "00:42:25", "end": "00:42:29", "text": "that could work."}, {"start": "00:42:27", "end": "00:42:31", "text": "I mean, you can't just like incentivize"}, {"start": "00:42:29", "end": "00:42:32", "text": "people to get on the pro version. That"}, {"start": "00:42:31", "end": "00:42:35", "text": "that wouldn't make any sense. You're"}, {"start": "00:42:32", "end": "00:42:38", "text": "just giving out free"}, {"start": "00:42:35", "end": "00:42:40", "text": "uh free subscriptions, but utilizing it"}, {"start": "00:42:38", "end": "00:42:43", "text": "to say get others involved, get"}, {"start": "00:42:40", "end": "00:42:46", "text": "influencers involved, or get social"}, {"start": "00:42:43", "end": "00:42:51", "text": "posts out there that attracts views, you"}, {"start": "00:42:46", "end": "00:42:51", "text": "know, like that can do well."}, {"start": "00:42:53", "end": "00:42:57", "text": "I think that I I I actually Daniel I I"}, {"start": "00:42:56", "end": "00:42:59", "text": "think that's a good idea and I I thought"}, {"start": "00:42:57", "end": "00:43:02", "text": "about that before. I think that could"}, {"start": "00:42:59", "end": "00:43:02", "text": "actually really work."}, {"start": "00:43:10", "end": "00:43:16", "text": "Super. Yeah. You know, I started a game"}, {"start": "00:43:14", "end": "00:43:18", "text": "called Clash Worlds, but I'm not really"}, {"start": "00:43:16", "end": "00:43:20", "text": "satisfied with it, and I don't know"}, {"start": "00:43:18", "end": "00:43:24", "text": "where I'm going with it. It's actually"}, {"start": "00:43:20", "end": "00:43:25", "text": "pretty cool. Um, it's it's a it's a god"}, {"start": "00:43:24", "end": "00:43:28", "text": "simulator"}, {"start": "00:43:25", "end": "00:43:32", "text": "and um, you know, you're you're seeing"}, {"start": "00:43:28", "end": "00:43:34", "text": "this city build out. Um, but I I don't"}, {"start": "00:43:32", "end": "00:43:37", "text": "know how to end the game and there are"}, {"start": "00:43:34", "end": "00:43:38", "text": "some aspects to it like the the"}, {"start": "00:43:37", "end": "00:43:41", "text": "visualness,"}, {"start": "00:43:38", "end": "00:43:45", "text": "visual aspects of it I should say, does"}, {"start": "00:43:41", "end": "00:43:47", "text": "not look how I want it. Recently, I've"}, {"start": "00:43:45", "end": "00:43:51", "text": "been saying how like Fable, Anthropics,"}, {"start": "00:43:47", "end": "00:43:55", "text": "Fable can can replicate Minecraft or"}, {"start": "00:43:51", "end": "00:43:57", "text": "replicate Pokemon or whatever. You know,"}, {"start": "00:43:55", "end": "00:44:00", "text": "those are just like the like kind kind"}, {"start": "00:43:57", "end": "00:44:02", "text": "of like a demo. They don't really play"}, {"start": "00:44:00", "end": "00:44:05", "text": "out like the real game, but they look"}, {"start": "00:44:02", "end": "00:44:07", "text": "pretty good. So, I was thinking if I"}, {"start": "00:44:05", "end": "00:44:11", "text": "could do something like that, like"}, {"start": "00:44:07", "end": "00:44:13", "text": "little mini games for Clash."}, {"start": "00:44:11", "end": "00:44:15", "text": "Um,"}, {"start": "00:44:13", "end": "00:44:20", "text": "that would be pretty cool. It's hard to"}, {"start": "00:44:15", "end": "00:44:20", "text": "think of these ideas. I'm just like"}, {"start": "00:44:20", "end": "00:44:23", "text": "thinking about a million things all the"}, {"start": "00:44:22", "end": "00:44:25", "text": "time."}, {"start": "00:44:23", "end": "00:44:29", "text": "But I like the bounty system though. I"}, {"start": "00:44:25", "end": "00:44:32", "text": "think that's a good idea."}, {"start": "00:44:29", "end": "00:44:33", "text": "There will be discount for Clasholders."}, {"start": "00:44:32", "end": "00:44:35", "text": "There'll be a substantial discount for"}, {"start": "00:44:33", "end": "00:44:38", "text": "Clash holders once subscriptions roll"}, {"start": "00:44:35", "end": "00:44:38", "text": "out."}, {"start": "00:44:46", "end": "00:44:51", "text": "Clash holders should own land. No, no,"}, {"start": "00:44:48", "end": "00:44:55", "text": "no. That that idea has been overdone."}, {"start": "00:44:51", "end": "00:44:58", "text": "Buying land. Buying pieces of land."}, {"start": "00:44:55", "end": "00:45:00", "text": "Yeah. I don't We got to think about new"}, {"start": "00:44:58", "end": "00:45:02", "text": "things. You can't can't can't do like"}, {"start": "00:45:00", "end": "00:45:05", "text": "what"}, {"start": "00:45:02", "end": "00:45:08", "text": "I can't sandbox. Can't do what sandbox"}, {"start": "00:45:05", "end": "00:45:11", "text": "or what's the other one that Oh man, I'm"}, {"start": "00:45:08", "end": "00:45:14", "text": "drawing a blank on the other game."}, {"start": "00:45:11", "end": "00:45:19", "text": "The other one that I went on one time"}, {"start": "00:45:14", "end": "00:45:21", "text": "and had like 30 guys following me. Um"}, {"start": "00:45:19", "end": "00:45:25", "text": "where you're buying it's like a second"}, {"start": "00:45:21", "end": "00:45:25", "text": "world, second life kind of thing."}, {"start": "00:45:28", "end": "00:45:32", "text": "I think if I do come out of the game,"}, {"start": "00:45:30", "end": "00:45:35", "text": "it'll just be really simple, like some"}, {"start": "00:45:32", "end": "00:45:40", "text": "kind of really simple thing, but viral."}, {"start": "00:45:35", "end": "00:45:42", "text": "And there will be leaderboard and"}, {"start": "00:45:40", "end": "00:45:43", "text": "um that's all there is to it. Doesn't"}, {"start": "00:45:42", "end": "00:45:46", "text": "have to be a complex game. Doesn't have"}, {"start": "00:45:43", "end": "00:45:48", "text": "to be one that looks amazing. Just like"}, {"start": "00:45:46", "end": "00:45:51", "text": "a really viral"}, {"start": "00:45:48", "end": "00:45:51", "text": "game."}, {"start": "00:46:06", "end": "00:46:09", "text": "still holding."}, {"start": "00:46:12", "end": "00:46:20", "text": "Fourth largest company."}, {"start": "00:46:16", "end": "00:46:20", "text": "Way too much FOMO here."}, {"start": "00:46:29", "end": "00:46:33", "text": ">> [snorts]"}, {"start": "00:46:31", "end": "00:46:38", "text": ">> First things first,"}, {"start": "00:46:33", "end": "00:46:39", "text": "I don't know. Would you guys rather"}, {"start": "00:46:38", "end": "00:46:42", "text": "I mean just I'll just take a poll with"}, {"start": "00:46:39", "end": "00:46:45", "text": "you guys right now."}, {"start": "00:46:42", "end": "00:46:50", "text": "Would you guys rather see the next"}, {"start": "00:46:45", "end": "00:46:54", "text": "feature, major feature be the ability to"}, {"start": "00:46:50", "end": "00:46:56", "text": "use the agent to create something"}, {"start": "00:46:54", "end": "00:46:59", "text": "like for example create your own miniame"}, {"start": "00:46:56", "end": "00:47:03", "text": "or create your own website or create"}, {"start": "00:46:59", "end": "00:47:05", "text": "your own fancy"}, {"start": "00:47:03", "end": "00:47:07", "text": "something dashboard,"}, {"start": "00:47:05", "end": "00:47:08", "text": "right? the ability to use an agent to"}, {"start": "00:47:07", "end": "00:47:11", "text": "really create and host something"}, {"start": "00:47:08", "end": "00:47:13", "text": "automatically for you or would you like"}, {"start": "00:47:11", "end": "00:47:16", "text": "to see the next big feature be some kind"}, {"start": "00:47:13", "end": "00:47:21", "text": "of game or games with a leaderboard"}, {"start": "00:47:16", "end": "00:47:21", "text": "setup? And"}, {"start": "00:47:21", "end": "00:47:27", "text": "I don't know if we could tie that into"}, {"start": "00:47:23", "end": "00:47:30", "text": "Clash Picks and make predictions on it"}, {"start": "00:47:27", "end": "00:47:34", "text": "on them. I don't know. You guys tell me"}, {"start": "00:47:30", "end": "00:47:35", "text": "which one would be more enticing or"}, {"start": "00:47:34", "end": "00:47:38", "text": "interesting."}, {"start": "00:47:35", "end": "00:47:39", "text": "I think they both could work. I'm"}, {"start": "00:47:38", "end": "00:47:41", "text": "leaning on the first because the second"}, {"start": "00:47:39", "end": "00:47:44", "text": "I'm not so sure it's going to work out."}, {"start": "00:47:41", "end": "00:47:46", "text": "It's a lot of effort to create a game"}, {"start": "00:47:44", "end": "00:47:47", "text": "and"}, {"start": "00:47:46", "end": "00:47:49", "text": "but then it's a lot of effort to create"}, {"start": "00:47:47", "end": "00:47:52", "text": "the first option. It's a lot of effort"}, {"start": "00:47:49", "end": "00:47:55", "text": "for either one, but they can make the"}, {"start": "00:47:52", "end": "00:47:58", "text": "project really go beyond where it is"}, {"start": "00:47:55", "end": "00:47:58", "text": "now."}, {"start": "00:48:10", "end": "00:48:13", "text": "I may just finish Clash Worlds. I don't"}, {"start": "00:48:12", "end": "00:48:16", "text": "know."}, {"start": "00:48:13", "end": "00:48:19", "text": "This is actually pretty good."}, {"start": "00:48:16", "end": "00:48:22", "text": "It's decent until the end. The end is"}, {"start": "00:48:19", "end": "00:48:22", "text": "just kind of messed up."}, {"start": "00:48:36", "end": "00:48:42", "text": "I'm not so sure a game was going to help"}, {"start": "00:48:38", "end": "00:48:42", "text": "the project honestly."}, {"start": "00:48:42", "end": "00:48:48", "text": "Like gamers in general do not care about"}, {"start": "00:48:45", "end": "00:48:51", "text": "crypto. So it would only be more or less"}, {"start": "00:48:48", "end": "00:48:54", "text": "like a distraction. like getting people"}, {"start": "00:48:51", "end": "00:48:57", "text": "to do something while we're low."}, {"start": "00:48:54", "end": "00:48:59", "text": "Ultimately, what people want is"}, {"start": "00:48:57", "end": "00:49:02", "text": "obviously crypto to come back up, right?"}, {"start": "00:48:59", "end": "00:49:05", "text": "So, gaming is not going to be a big deal"}, {"start": "00:49:02", "end": "00:49:07", "text": "on web 3. Um, I don't think any company"}, {"start": "00:49:05", "end": "00:49:09", "text": "figure that out. I don't think I'm will"}, {"start": "00:49:07", "end": "00:49:11", "text": "figure that out unless GTA 6 comes out"}, {"start": "00:49:09", "end": "00:49:14", "text": "and is has web 3 elements and gets"}, {"start": "00:49:11", "end": "00:49:16", "text": "everyone super FOMO into web 3 games"}, {"start": "00:49:14", "end": "00:49:18", "text": "again. But right now, it's just not not"}, {"start": "00:49:16", "end": "00:49:20", "text": "going anywhere."}, {"start": "00:49:18", "end": "00:49:25", "text": "So that's the downside."}, {"start": "00:49:20", "end": "00:49:28", "text": "Upside is it keeps you people distracted"}, {"start": "00:49:25", "end": "00:49:31", "text": "and it gives them something to do,"}, {"start": "00:49:28", "end": "00:49:33", "text": "right? Like for me, I still play Clash"}, {"start": "00:49:31", "end": "00:49:36", "text": "Royale every day. I get so pissed off"}, {"start": "00:49:33", "end": "00:49:38", "text": "playing it, but I still play it. Um, and"}, {"start": "00:49:36", "end": "00:49:42", "text": "we did start the tournaments again."}, {"start": "00:49:38", "end": "00:49:43", "text": "Um, however, the first I think is a"}, {"start": "00:49:42", "end": "00:49:47", "text": "bigger deal. Most people don't know"}, {"start": "00:49:43", "end": "00:49:48", "text": "about it, but you know, if you have a AI"}, {"start": "00:49:47", "end": "00:49:50", "text": "agent actually build something for you"}, {"start": "00:49:48", "end": "00:49:53", "text": "and you actually get addicted to that,"}, {"start": "00:49:50", "end": "00:49:54", "text": "you get addicted. You never stop. And"}, {"start": "00:49:53", "end": "00:49:57", "text": "it's actually useful. You could build"}, {"start": "00:49:54", "end": "00:50:00", "text": "things for your own for your own"}, {"start": "00:49:57", "end": "00:50:01", "text": "personal reasons or for work or"}, {"start": "00:50:00", "end": "00:50:04", "text": "whatever."}, {"start": "00:50:01", "end": "00:50:08", "text": "There's a much bigger like upside to"}, {"start": "00:50:04", "end": "00:50:10", "text": "that. And plus,"}, {"start": "00:50:08", "end": "00:50:11", "text": "you know, more revenue from that and"}, {"start": "00:50:10", "end": "00:50:15", "text": "plus more attention from the bigger"}, {"start": "00:50:11", "end": "00:50:17", "text": "companies like cursor being bought out"}, {"start": "00:50:15", "end": "00:50:20", "text": "by SpaceX."}, {"start": "00:50:17", "end": "00:50:23", "text": "If any of these big players want to buy"}, {"start": "00:50:20", "end": "00:50:26", "text": "ass for a billion dollars,"}, {"start": "00:50:23", "end": "00:50:29", "text": "I'm not going to say no to that."}, {"start": "00:50:26", "end": "00:50:32", "text": "um a Perplexity or one of these other"}, {"start": "00:50:29", "end": "00:50:35", "text": "guys who wants to get into the crypto"}, {"start": "00:50:32", "end": "00:50:37", "text": "game and and uh they're like, \"Okay, you"}, {"start": "00:50:35", "end": "00:50:38", "text": "got enough users, you got enough"}, {"start": "00:50:37", "end": "00:50:40", "text": "revenue, we're going to offer you a"}, {"start": "00:50:38", "end": "00:50:42", "text": "billion dollars because they're"}, {"start": "00:50:40", "end": "00:50:45", "text": "overvalued and everyone else overvalued,"}, {"start": "00:50:42", "end": "00:50:49", "text": "but they have they have too much money."}, {"start": "00:50:45", "end": "00:50:49", "text": "I'm going to take that deal.\""}, {"start": "00:50:49", "end": "00:50:55", "text": "So,"}, {"start": "00:50:51", "end": "00:50:55", "text": "that's the other thing, too."}, {"start": "00:51:00", "end": "00:51:06", "text": "We shut down bingo, Clash Bingo. Too"}, {"start": "00:51:03", "end": "00:51:09", "text": "many people were complaining about it. I"}, {"start": "00:51:06", "end": "00:51:12", "text": "I didn't quite get it. It was basically"}, {"start": "00:51:09", "end": "00:51:15", "text": "a Clash Pix version of Bingo and it was"}, {"start": "00:51:12", "end": "00:51:17", "text": "very The entry view was very low, but"}, {"start": "00:51:15", "end": "00:51:19", "text": "like everyone was complaining about it."}, {"start": "00:51:17", "end": "00:51:20", "text": "I don't know why. So, we just like I"}, {"start": "00:51:19", "end": "00:51:23", "text": "just said whatever. We just go shut it"}, {"start": "00:51:20", "end": "00:51:23", "text": "down."}, {"start": "00:51:35", "end": "00:51:41", "text": "like a fantasy crypto game that will"}, {"start": "00:51:39", "end": "00:51:44", "text": "work, but there there's a lot there's a"}, {"start": "00:51:41", "end": "00:51:46", "text": "lot of things around that already."}, {"start": "00:51:44", "end": "00:51:48", "text": "Um, and people that like pick out like"}, {"start": "00:51:46", "end": "00:51:50", "text": "that and that could be game too because"}, {"start": "00:51:48", "end": "00:51:52", "text": "you could just buy some memecoin and"}, {"start": "00:51:50", "end": "00:51:54", "text": "then get a whole bunch of people to to"}, {"start": "00:51:52", "end": "00:51:57", "text": "pump it and then you'll win the"}, {"start": "00:51:54", "end": "00:51:58", "text": "portfolio challenge. So it h these games"}, {"start": "00:51:57", "end": "00:52:00", "text": "can't be gamed. That's the thing. You"}, {"start": "00:51:58", "end": "00:52:04", "text": "have to figure out a system that can't"}, {"start": "00:52:00", "end": "00:52:06", "text": "be gamed. Um, and even if you limit it"}, {"start": "00:52:04", "end": "00:52:08", "text": "to like okay like the big caps, right?"}, {"start": "00:52:06", "end": "00:52:09", "text": "Traders will probably do better than"}, {"start": "00:52:08", "end": "00:52:14", "text": "non-traders."}, {"start": "00:52:09", "end": "00:52:16", "text": "Maybe the game is outperform the AI bot."}, {"start": "00:52:14", "end": "00:52:19", "text": "maybe something like that because I am"}, {"start": "00:52:16", "end": "00:52:23", "text": "also programming AI bot right now. It's"}, {"start": "00:52:19", "end": "00:52:25", "text": "not done but a AI trading bot. So I"}, {"start": "00:52:23", "end": "00:52:27", "text": "think that's also another feature too"}, {"start": "00:52:25", "end": "00:52:30", "text": "that relates. A lot of people want that."}, {"start": "00:52:27", "end": "00:52:33", "text": "Um I don't know how good it could be."}, {"start": "00:52:30", "end": "00:52:36", "text": "It's my first try. But if that gets"}, {"start": "00:52:33", "end": "00:52:38", "text": "going, people will probably use that."}, {"start": "00:52:36", "end": "00:52:39", "text": "And plus you could have a game around"}, {"start": "00:52:38", "end": "00:52:44", "text": "that where you try to outperform the AI"}, {"start": "00:52:39", "end": "00:52:44", "text": "bot, you know, something like that."}, {"start": "00:53:00", "end": "00:53:07", "text": "Anyways, that's it. Overall today"}, {"start": "00:53:05", "end": "00:53:09", "text": "turning to red, which ain't good. I"}, {"start": "00:53:07", "end": "00:53:12", "text": "mean, everything is turning red. I'm"}, {"start": "00:53:09", "end": "00:53:14", "text": "looking at watch list mostly in the red"}, {"start": "00:53:12", "end": "00:53:15", "text": "right now with the exception of SpaceX."}, {"start": "00:53:14", "end": "00:53:18", "text": "I think it's just like too much FOMO"}, {"start": "00:53:15", "end": "00:53:22", "text": "into it right now. Um, and people are"}, {"start": "00:53:18", "end": "00:53:24", "text": "waiting for more details about this."}, {"start": "00:53:22", "end": "00:53:28", "text": "Are we going to give Iran more money?"}, {"start": "00:53:24", "end": "00:53:28", "text": "Hopefully not."}, {"start": "00:53:28", "end": "00:53:33", "text": "And are we,"}, {"start": "00:53:30", "end": "00:53:34", "text": "you know, going to finalize this anytime"}, {"start": "00:53:33", "end": "00:53:38", "text": "soon?"}, {"start": "00:53:34", "end": "00:53:41", "text": "Hopefully before the end of this week."}, {"start": "00:53:38", "end": "00:53:43", "text": "All right, guys. Stay strong,"}, {"start": "00:53:41", "end": "00:53:45", "text": "stay focused."}, {"start": "00:53:43", "end": "00:53:48", "text": "There are better days coming. Right now,"}, {"start": "00:53:45", "end": "00:53:52", "text": "we are down, but definitely not down and"}, {"start": "00:53:48", "end": "00:53:56", "text": "out. Rotation will come back in, but"}, {"start": "00:53:52", "end": "00:53:58", "text": "got to got to wait a bit longer. All"}, {"start": "00:53:56", "end": "00:54:01", "text": "right, have a good one. Smash the like,"}, {"start": "00:53:58", "end": "00:54:03", "text": "subscribe to the channel, go utilize Ask"}, {"start": "00:54:01", "end": "00:54:06", "text": "Clash, and if you have more ideas, share"}, {"start": "00:54:03", "end": "00:54:09", "text": "with me on Discord. All right, have a"}, {"start": "00:54:06", "end": "00:54:09", "text": "good one. Take care."}]

[{"start": "00:00:00", "end": "00:00:07", "text": "Welcome back. So today overall was a"}, {"start": "00:00:03", "end": "00:00:11", "text": "great day all around for US markets, for"}, {"start": "00:00:07", "end": "00:00:14", "text": "SpaceX holders, and for crypto holders."}, {"start": "00:00:11", "end": "00:00:16", "text": "So overall pretty good. Kind of like"}, {"start": "00:00:14", "end": "00:00:18", "text": "what I expected"}, {"start": "00:00:16", "end": "00:00:20", "text": "this week how it's going to turn out,"}, {"start": "00:00:18", "end": "00:00:23", "text": "but it's day one, I know. But uh seeing"}, {"start": "00:00:20", "end": "00:00:25", "text": "how yesterday we got some news about the"}, {"start": "00:00:23", "end": "00:00:28", "text": "war settling and we got a little more"}, {"start": "00:00:25", "end": "00:00:30", "text": "update on that uh investors are coming"}, {"start": "00:00:28", "end": "00:00:31", "text": "back right in a big way. So let's talk"}, {"start": "00:00:30", "end": "00:00:34", "text": "about let's talk about everything that's"}, {"start": "00:00:31", "end": "00:00:37", "text": "going on and what more to expect this"}, {"start": "00:00:34", "end": "00:00:39", "text": "coming week. So today the US market"}, {"start": "00:00:37", "end": "00:00:42", "text": "let's just start out with this. NASDAQ"}, {"start": "00:00:39", "end": "00:00:45", "text": "had plus 800."}, {"start": "00:00:42", "end": "00:00:48", "text": "Okay. And uh that's a big sign of money"}, {"start": "00:00:45", "end": "00:00:52", "text": "flowing back into risk on assets, tech,"}, {"start": "00:00:48", "end": "00:00:54", "text": "AI, space exploration,"}, {"start": "00:00:52", "end": "00:00:58", "text": "right? Bitcoin had a pretty good day. It"}, {"start": "00:00:54", "end": "00:01:00", "text": "went to over $67,000."}, {"start": "00:00:58", "end": "00:01:03", "text": "Now we're a little bit below at 66. But"}, {"start": "00:01:00", "end": "00:01:06", "text": "overall, we did see a big bump with"}, {"start": "00:01:03", "end": "00:01:09", "text": "Bitcoin. Not only that, but also with a"}, {"start": "00:01:06", "end": "00:01:12", "text": "lot of the alts like Soul now back in"}, {"start": "00:01:09", "end": "00:01:15", "text": "the mid70s when it was in the 60s. ETH"}, {"start": "00:01:12", "end": "00:01:18", "text": "1,800 when it was in the 1600. So"}, {"start": "00:01:15", "end": "00:01:20", "text": "overall, we had a pretty good bump, but"}, {"start": "00:01:18", "end": "00:01:22", "text": "could be better. We went down a little"}, {"start": "00:01:20", "end": "00:01:24", "text": "bit. It's still early though, and I got"}, {"start": "00:01:22", "end": "00:01:28", "text": "more to say about that. But today, if"}, {"start": "00:01:24", "end": "00:01:32", "text": "you're a SpaceX holder, well, you made"}, {"start": "00:01:28", "end": "00:01:34", "text": "good money today. Went up another 20%."}, {"start": "00:01:32", "end": "00:01:36", "text": "Massive FOMO. And I did warn that this"}, {"start": "00:01:34", "end": "00:01:38", "text": "week it could happen. We could see"}, {"start": "00:01:36", "end": "00:01:40", "text": "Monday and Tuesday where SpaceX"}, {"start": "00:01:38", "end": "00:01:42", "text": "continues to rise and then I expect a"}, {"start": "00:01:40", "end": "00:01:46", "text": "correction. We'll see if that turns out"}, {"start": "00:01:42", "end": "00:01:49", "text": "to be right. I would not get into SpaceX"}, {"start": "00:01:46", "end": "00:01:51", "text": "right now. Even though uh the"}, {"start": "00:01:49", "end": "00:01:53", "text": "aftermarket is still showing it's going"}, {"start": "00:01:51", "end": "00:01:56", "text": "up. There is massive FOMO into this. I"}, {"start": "00:01:53", "end": "00:01:58", "text": "think be it's just right now it's just"}, {"start": "00:01:56", "end": "00:02:00", "text": "like crazy hype. That's what it is."}, {"start": "00:01:58", "end": "00:02:03", "text": "People know about Elon. People know"}, {"start": "00:02:00", "end": "00:02:05", "text": "about how hot this IPO is. People want a"}, {"start": "00:02:03", "end": "00:02:09", "text": "piece and they're fomoing in. But"}, {"start": "00:02:05", "end": "00:02:12", "text": "remember, day one sellers are smarter"}, {"start": "00:02:09", "end": "00:02:14", "text": "than day one buyers."}, {"start": "00:02:12", "end": "00:02:16", "text": "We'll see if that comes true later this"}, {"start": "00:02:14", "end": "00:02:21", "text": "week. One thing's for certain though,"}, {"start": "00:02:16", "end": "00:02:25", "text": "this has made Elon incredibly rich. So"}, {"start": "00:02:21", "end": "00:02:30", "text": "rich, in fact, I didn't know this. He is"}, {"start": "00:02:25", "end": "00:02:32", "text": "one trillion dollar."}, {"start": "00:02:30", "end": "00:02:35", "text": "Okay. $1 trillion dollars ahead of the"}, {"start": "00:02:32", "end": "00:02:37", "text": "second richest person, which is Larry"}, {"start": "00:02:35", "end": "00:02:40", "text": "Page."}, {"start": "00:02:37", "end": "00:02:44", "text": "Take a second to think about that."}, {"start": "00:02:40", "end": "00:02:46", "text": "He is $1 trillion richer than number two"}, {"start": "00:02:44", "end": "00:02:50", "text": "on this list. You can see number two"}, {"start": "00:02:46", "end": "00:02:53", "text": "through number 10. All pretty close. 20"}, {"start": "00:02:50", "end": "00:02:56", "text": "30 billion here and there, not really a"}, {"start": "00:02:53", "end": "00:03:00", "text": "big deal. One trillion, on the other"}, {"start": "00:02:56", "end": "00:03:02", "text": "hand, is a big deal. That's just"}, {"start": "00:03:00", "end": "00:03:05", "text": "incredible how much money he has. But"}, {"start": "00:03:02", "end": "00:03:08", "text": "you know what? If you work hard"}, {"start": "00:03:05", "end": "00:03:12", "text": "and you convince a lot of people"}, {"start": "00:03:08", "end": "00:03:14", "text": "that what you're building is important,"}, {"start": "00:03:12", "end": "00:03:18", "text": "this is what happens. Okay? And people"}, {"start": "00:03:14", "end": "00:03:21", "text": "believe in you, this is what happens."}, {"start": "00:03:18", "end": "00:03:23", "text": "And when FOMO hits, this is what"}, {"start": "00:03:21", "end": "00:03:24", "text": "happens,"}, {"start": "00:03:23", "end": "00:03:27", "text": "right? And we have seen this many, many,"}, {"start": "00:03:24", "end": "00:03:28", "text": "many times in crypto. things are very"}, {"start": "00:03:27", "end": "00:03:33", "text": "overvaluated"}, {"start": "00:03:28", "end": "00:03:35", "text": "especially in hot altcoin seasons"}, {"start": "00:03:33", "end": "00:03:38", "text": "but right now it's happening to AI and"}, {"start": "00:03:35", "end": "00:03:39", "text": "definitely happening to SpaceX. It's"}, {"start": "00:03:38", "end": "00:03:42", "text": "going to happen with Enthropic when they"}, {"start": "00:03:39", "end": "00:03:44", "text": "go IPO. They are going to meet. Daario"}, {"start": "00:03:42", "end": "00:03:47", "text": "is gonna meet with Trump administration"}, {"start": "00:03:44", "end": "00:03:50", "text": "over this mythos fable jailbreak"}, {"start": "00:03:47", "end": "00:03:54", "text": "dispute. They're going to meet but"}, {"start": "00:03:50", "end": "00:03:55", "text": "Anthropic is going to go IPO next."}, {"start": "00:03:54", "end": "00:03:58", "text": "That's going to be huge. I don't think"}, {"start": "00:03:55", "end": "00:04:01", "text": "it's going to be big as SpaceX, but it"}, {"start": "00:03:58", "end": "00:04:03", "text": "could be. You know, the FOMO is real."}, {"start": "00:04:01", "end": "00:04:05", "text": "Open AAI is going to follow and that"}, {"start": "00:04:03", "end": "00:04:07", "text": "could be even bigger."}, {"start": "00:04:05", "end": "00:04:09", "text": "Okay. And look at Nvidia plans on"}, {"start": "00:04:07", "end": "00:04:12", "text": "raising 20 billion in the first debt"}, {"start": "00:04:09", "end": "00:04:14", "text": "sales since the AI boom. Nvidia is not"}, {"start": "00:04:12", "end": "00:04:16", "text": "slowing down. They're still the number"}, {"start": "00:04:14", "end": "00:04:18", "text": "one company in the world. And AMD is not"}, {"start": "00:04:16", "end": "00:04:23", "text": "slowing down. None of these guys are"}, {"start": "00:04:18", "end": "00:04:25", "text": "slowing down. Right? So overall, money"}, {"start": "00:04:23", "end": "00:04:29", "text": "is flowing back in. That's my point."}, {"start": "00:04:25", "end": "00:04:33", "text": "Okay? Money is flowing back in in a big"}, {"start": "00:04:29", "end": "00:04:38", "text": "way. And it's mostly due to this"}, {"start": "00:04:33", "end": "00:04:41", "text": "this deal supposed that happened, right?"}, {"start": "00:04:38", "end": "00:04:44", "text": "Let's go reopen a straighter. Humus."}, {"start": "00:04:41", "end": "00:04:46", "text": "So that is what's causing the inflow to"}, {"start": "00:04:44", "end": "00:04:49", "text": "come back in. People are anticipating"}, {"start": "00:04:46", "end": "00:04:51", "text": "that oil will start flowing"}, {"start": "00:04:49", "end": "00:04:53", "text": "and inflation is going to come down."}, {"start": "00:04:51", "end": "00:04:55", "text": "Prices of things are going to come down."}, {"start": "00:04:53", "end": "00:04:57", "text": "Right? This was kind of like the last"}, {"start": "00:04:55", "end": "00:05:00", "text": "hurdle that was holding everything back."}, {"start": "00:04:57", "end": "00:05:02", "text": "And today it definitely helped what we"}, {"start": "00:05:00", "end": "00:05:05", "text": "what I just showed you, but also helped"}, {"start": "00:05:02", "end": "00:05:08", "text": "crypto. We had massive amount of money"}, {"start": "00:05:05", "end": "00:05:10", "text": "flow in today."}, {"start": "00:05:08", "end": "00:05:12", "text": "Okay,"}, {"start": "00:05:10", "end": "00:05:16", "text": "so this is good. It's not a done deal"}, {"start": "00:05:12", "end": "00:05:18", "text": "yet. It's not a done deal. There's also"}, {"start": "00:05:16", "end": "00:05:22", "text": "this talk about the administration"}, {"start": "00:05:18", "end": "00:05:26", "text": "giving 300 billion to Iran as a final"}, {"start": "00:05:22", "end": "00:05:29", "text": "settlement if they agree to this no"}, {"start": "00:05:26", "end": "00:05:31", "text": "nuclear deal. It's like it's like it's"}, {"start": "00:05:29", "end": "00:05:32", "text": "almost like a bribe. Where are we"}, {"start": "00:05:31", "end": "00:05:34", "text": "getting the 300 billion? And why do we"}, {"start": "00:05:32", "end": "00:05:38", "text": "need to do that? I thought we won the"}, {"start": "00:05:34", "end": "00:05:42", "text": "war. Why are we enticing them with $300"}, {"start": "00:05:38", "end": "00:05:45", "text": "billion dollars? That's the thing. No"}, {"start": "00:05:42", "end": "00:05:47", "text": "one really knows, right? But one thing"}, {"start": "00:05:45", "end": "00:05:50", "text": "is for certain, it does seem like the"}, {"start": "00:05:47", "end": "00:05:53", "text": "war is coming to an end. But I'm not so"}, {"start": "00:05:50", "end": "00:05:55", "text": "sure we're coming out ahead. Or maybe we"}, {"start": "00:05:53", "end": "00:05:57", "text": "are. And there's some 40 chess and a lot"}, {"start": "00:05:55", "end": "00:06:02", "text": "of oil because America has now become"}, {"start": "00:05:57", "end": "00:06:04", "text": "the largest oil producer and and seller."}, {"start": "00:06:02", "end": "00:06:06", "text": "So maybe this was all about that and"}, {"start": "00:06:04", "end": "00:06:08", "text": "we're going to make up 300 billion like"}, {"start": "00:06:06", "end": "00:06:10", "text": "it's nothing,"}, {"start": "00:06:08", "end": "00:06:13", "text": "right? But"}, {"start": "00:06:10", "end": "00:06:16", "text": "we did add a whole bunch. Bitcoin Wales"}, {"start": "00:06:13", "end": "00:06:18", "text": "added 700 million."}, {"start": "00:06:16", "end": "00:06:21", "text": "Seller exhaustion basically, you know,"}, {"start": "00:06:18", "end": "00:06:22", "text": "there's only so many sellers. Yes, we're"}, {"start": "00:06:21", "end": "00:06:24", "text": "not skyrocketing upwards, but I think"}, {"start": "00:06:22", "end": "00:06:26", "text": "it's just a matter of time we recover in"}, {"start": "00:06:24", "end": "00:06:28", "text": "a big way. Right now, there's just no"}, {"start": "00:06:26", "end": "00:06:31", "text": "more sellers. And today, if you look at,"}, {"start": "00:06:28", "end": "00:06:33", "text": "look at this one day change with stay"}, {"start": "00:06:31", "end": "00:06:36", "text": "stable coin"}, {"start": "00:06:33", "end": "00:06:39", "text": "660 million. Even though we had a lot"}, {"start": "00:06:36", "end": "00:06:42", "text": "come out in the last seven days and last"}, {"start": "00:06:39", "end": "00:06:44", "text": "30 days, that's a huge chunk. Seven"}, {"start": "00:06:42", "end": "00:06:47", "text": "billion, but we could come back really"}, {"start": "00:06:44", "end": "00:06:49", "text": "quickly, okay? If we're seeing 660"}, {"start": "00:06:47", "end": "00:06:52", "text": "million come in per day."}, {"start": "00:06:49", "end": "00:06:54", "text": "So, get ready for that. And also today,"}, {"start": "00:06:52", "end": "00:06:57", "text": "we had a whole bunch of liquidations"}, {"start": "00:06:54", "end": "00:06:59", "text": "mostly on the short side."}, {"start": "00:06:57", "end": "00:07:02", "text": "And this is helping our case as well."}, {"start": "00:06:59", "end": "00:07:04", "text": "That's why we saw Bitcoin come up and a"}, {"start": "00:07:02", "end": "00:07:07", "text": "lot of alts come up too. And this also"}, {"start": "00:07:04", "end": "00:07:11", "text": "came out. Kraken launched their futures."}, {"start": "00:07:07", "end": "00:07:13", "text": "So now this is legal. Okay. The CFTC"}, {"start": "00:07:11", "end": "00:07:14", "text": "said, \"Yeah, US-based exchanges can now"}, {"start": "00:07:13", "end": "00:07:18", "text": "offer"}, {"start": "00:07:14", "end": "00:07:19", "text": "futures just like overseas exchanges.\""}, {"start": "00:07:18", "end": "00:07:22", "text": "I'm not so sure this is such a good"}, {"start": "00:07:19", "end": "00:07:23", "text": "thing because again, we got a lot of"}, {"start": "00:07:22", "end": "00:07:26", "text": "people getting wrecked left and right."}, {"start": "00:07:23", "end": "00:07:28", "text": "But at least it's in a control manner."}, {"start": "00:07:26", "end": "00:07:30", "text": "That's what the CFTC argues that at"}, {"start": "00:07:28", "end": "00:07:32", "text": "least if it's being done, it's being"}, {"start": "00:07:30", "end": "00:07:35", "text": "regulated. It's being looked at. And"}, {"start": "00:07:32", "end": "00:07:37", "text": "there's no shenanigans."}, {"start": "00:07:35", "end": "00:07:40", "text": "So at least wrecked people know that"}, {"start": "00:07:37", "end": "00:07:41", "text": "they're getting wrecked legitly, not"}, {"start": "00:07:40", "end": "00:07:43", "text": "[laughter]"}, {"start": "00:07:41", "end": "00:07:45", "text": "not through some shenanigans, right? So"}, {"start": "00:07:43", "end": "00:07:48", "text": "this also came out kind of big news for"}, {"start": "00:07:45", "end": "00:07:52", "text": "today, but overall things are looking"}, {"start": "00:07:48", "end": "00:07:54", "text": "good. Things are looking great. Okay, so"}, {"start": "00:07:52", "end": "00:07:58", "text": "I look forward to tomorrow. I look"}, {"start": "00:07:54", "end": "00:08:01", "text": "forward to seeing more gains for Bitcoin"}, {"start": "00:07:58", "end": "00:08:06", "text": "and crypto. And as long as the US market"}, {"start": "00:08:01", "end": "00:08:08", "text": "and money starts flowing in once again,"}, {"start": "00:08:06", "end": "00:08:10", "text": "uh you're going to see some money flow"}, {"start": "00:08:08", "end": "00:08:12", "text": "into crypto. There's no doubt about it."}, {"start": "00:08:10", "end": "00:08:15", "text": "This capital rotation I've been talking"}, {"start": "00:08:12", "end": "00:08:18", "text": "about, right, that came out, you know,"}, {"start": "00:08:15", "end": "00:08:20", "text": "once things get too frosty or frothy,"}, {"start": "00:08:18", "end": "00:08:23", "text": "not frosty, even though frosty is"}, {"start": "00:08:20", "end": "00:08:26", "text": "awesome, um you know, money rotates into"}, {"start": "00:08:23", "end": "00:08:29", "text": "what's cheap. Right now, the cheapest"}, {"start": "00:08:26", "end": "00:08:31", "text": "asset with the highest explosive growth"}, {"start": "00:08:29", "end": "00:08:34", "text": "is Bitcoin and crypto. There are a lot"}, {"start": "00:08:31", "end": "00:08:38", "text": "of things that are way too over"}, {"start": "00:08:34", "end": "00:08:43", "text": "overextended, too expensive."}, {"start": "00:08:38", "end": "00:08:46", "text": "Okay, but this is not this is cheap."}, {"start": "00:08:43", "end": "00:08:48", "text": "Really cheap. Still half off from our"}, {"start": "00:08:46", "end": "00:08:50", "text": "high. So, I'm waiting for this to come"}, {"start": "00:08:48", "end": "00:08:53", "text": "back. I'm waiting for more capital"}, {"start": "00:08:50", "end": "00:08:55", "text": "rotation to come back. And I know it"}, {"start": "00:08:53", "end": "00:08:58", "text": "will happen. So hopefully you guys are"}, {"start": "00:08:55", "end": "00:09:00", "text": "staying strong. Hopefully you guys"}, {"start": "00:08:58", "end": "00:09:02", "text": "enjoyed today. There will be more days"}, {"start": "00:09:00", "end": "00:09:04", "text": "like this. And for those of you guys"}, {"start": "00:09:02", "end": "00:09:06", "text": "that are into stocks, well, you had a"}, {"start": "00:09:04", "end": "00:09:08", "text": "good day as well. I mean, just look at"}, {"start": "00:09:06", "end": "00:09:11", "text": "all that. I mean, that's pretty"}, {"start": "00:09:08", "end": "00:09:14", "text": "incredible all around, right?"}, {"start": "00:09:11", "end": "00:09:18", "text": "All right, guys. That is it. Enjoy the"}, {"start": "00:09:14", "end": "00:09:20", "text": "rest of your day. Continue to use Ask"}, {"start": "00:09:18", "end": "00:09:22", "text": "Clash for all of your needs, all of your"}, {"start": "00:09:20", "end": "00:09:26", "text": "questions, all of your tools,"}, {"start": "00:09:22", "end": "00:09:28", "text": "everything. agent use for you, your"}, {"start": "00:09:26", "end": "00:09:31", "text": "portfolio, your charts, everything. I"}, {"start": "00:09:28", "end": "00:09:34", "text": "built this for you guys, right? And I"}, {"start": "00:09:31", "end": "00:09:36", "text": "will be implementing subscriptions in"}, {"start": "00:09:34", "end": "00:09:37", "text": "the near future, but for the most part,"}, {"start": "00:09:36", "end": "00:09:40", "text": "it's going to stay free. But some of"}, {"start": "00:09:37", "end": "00:09:42", "text": "these really good features that some of"}, {"start": "00:09:40", "end": "00:09:44", "text": "you guys are using every single day,"}, {"start": "00:09:42", "end": "00:09:46", "text": "right, I have to lock it down. It's"}, {"start": "00:09:44", "end": "00:09:49", "text": "costing me a lot of money. And plus,"}, {"start": "00:09:46", "end": "00:09:52", "text": "this is all for the betterment of Clash."}, {"start": "00:09:49", "end": "00:09:56", "text": "some of the revenue will be going"}, {"start": "00:09:52", "end": "00:10:00", "text": "towards that. But enjoy it and I'll see"}, {"start": "00:09:56", "end": "00:10:00", "text": "you guys tomorrow. Take care. Bye-bye."}]

[{"start": "00:00:02", "end": "00:00:07", "text": "Welcome back to Cryptos are Us. I'm"}, {"start": "00:00:05", "end": "00:00:11", "text": "George."}, {"start": "00:00:07", "end": "00:00:15", "text": "We're all George. Welcome to another"}, {"start": "00:00:11", "end": "00:00:18", "text": "market open stream."}, {"start": "00:00:15", "end": "00:00:19", "text": "It is looking pretty pretty darn green"}, {"start": "00:00:18", "end": "00:00:23", "text": "today all around for Bitcoin, for"}, {"start": "00:00:19", "end": "00:00:27", "text": "crypto, for stocks, for entire markets."}, {"start": "00:00:23", "end": "00:00:32", "text": "Everything is looking great. So, let's"}, {"start": "00:00:27", "end": "00:00:36", "text": "talk about what's driving this greenness"}, {"start": "00:00:32", "end": "00:00:38", "text": "and let's talk about what to expect"}, {"start": "00:00:36", "end": "00:00:41", "text": "later this week. Well, today and later"}, {"start": "00:00:38", "end": "00:00:43", "text": "this week and how the Bitcoin bulls are"}, {"start": "00:00:41", "end": "00:00:46", "text": "waking up once again. You know, when you"}, {"start": "00:00:43", "end": "00:00:48", "text": "have a little green,"}, {"start": "00:00:46", "end": "00:00:50", "text": "people are feeling better."}, {"start": "00:00:48", "end": "00:00:55", "text": "All right, let's do it, guys. Let's do"}, {"start": "00:00:50", "end": "00:00:58", "text": "it. Welcome, welcome, welcome."}, {"start": "00:00:55", "end": "00:01:01", "text": "So, as you can see,"}, {"start": "00:00:58", "end": "00:01:04", "text": "green all around."}, {"start": "00:01:01", "end": "00:01:08", "text": "You got like Bitcoin up 4%, ETH up"}, {"start": "00:01:04", "end": "00:01:12", "text": "eight, soul up eight, XRP nine, and many"}, {"start": "00:01:08", "end": "00:01:16", "text": "others. Very, very green all around."}, {"start": "00:01:12", "end": "00:01:20", "text": "That's what you want to see, right? And"}, {"start": "00:01:16", "end": "00:01:23", "text": "right now, Bitcoin is sitting at 668."}, {"start": "00:01:20", "end": "00:01:26", "text": "looking like we want to break above to,"}, {"start": "00:01:23", "end": "00:01:31", "text": "you know, our 70s and I could do a"}, {"start": "00:01:26", "end": "00:01:34", "text": "little Q&A or TNA or TA"}, {"start": "00:01:31", "end": "00:01:36", "text": "uh during Q&A I should say. But the"}, {"start": "00:01:34", "end": "00:01:38", "text": "charts, the shorter indicators like I've"}, {"start": "00:01:36", "end": "00:01:42", "text": "been saying are turning bullish like"}, {"start": "00:01:38", "end": "00:01:44", "text": "yesterday's video, Sunday video. Um, so"}, {"start": "00:01:42", "end": "00:01:46", "text": "things are looking quite well to start"}, {"start": "00:01:44", "end": "00:01:51", "text": "the day."}, {"start": "00:01:46", "end": "00:01:56", "text": "The US market is of course also green"}, {"start": "00:01:51", "end": "00:02:00", "text": "plus 600. Dow plus 600 NASDAQ. Today's"}, {"start": "00:01:56", "end": "00:02:01", "text": "looking like a great day. And why is"}, {"start": "00:02:00", "end": "00:02:05", "text": "this happening? Well, this is what I"}, {"start": "00:02:01", "end": "00:02:06", "text": "said yesterday. There's so many people I"}, {"start": "00:02:05", "end": "00:02:10", "text": "got to say. I read the comments a little"}, {"start": "00:02:06", "end": "00:02:12", "text": "bit yesterday. You know,"}, {"start": "00:02:10", "end": "00:02:16", "text": "there's so many negative people. This is"}, {"start": "00:02:12", "end": "00:02:18", "text": "this is the biggest reason why"}, {"start": "00:02:16", "end": "00:02:21", "text": "the market the crypto market is down"}, {"start": "00:02:18", "end": "00:02:24", "text": "because there are so many negative"}, {"start": "00:02:21", "end": "00:02:28", "text": "people. So even when"}, {"start": "00:02:24", "end": "00:02:32", "text": "we have some good news about the deal,"}, {"start": "00:02:28", "end": "00:02:34", "text": "okay, about the war ending officially,"}, {"start": "00:02:32", "end": "00:02:36", "text": "you know, almost every single comment I"}, {"start": "00:02:34", "end": "00:02:38", "text": "saw yesterday was was negative. Like"}, {"start": "00:02:36", "end": "00:02:40", "text": "people didn't believe it. People didn't"}, {"start": "00:02:38", "end": "00:02:42", "text": "like that I covered it. People say I"}, {"start": "00:02:40", "end": "00:02:44", "text": "should stay out of it. and everyone just"}, {"start": "00:02:42", "end": "00:02:46", "text": "wants to stay negative. But I don't I"}, {"start": "00:02:44", "end": "00:02:48", "text": "know it's not the case. It's not"}, {"start": "00:02:46", "end": "00:02:50", "text": "everyone. It's just the miserable"}, {"start": "00:02:48", "end": "00:02:53", "text": "people,"}, {"start": "00:02:50", "end": "00:02:57", "text": "right? But this is going to happen one"}, {"start": "00:02:53", "end": "00:03:01", "text": "way or another. This deal, even though"}, {"start": "00:02:57", "end": "00:03:04", "text": "it seems like all parties have agreed,"}, {"start": "00:03:01", "end": "00:03:06", "text": "it hasn't been signed. Right. So, I get"}, {"start": "00:03:04", "end": "00:03:08", "text": "that. We've been talking about this for"}, {"start": "00:03:06", "end": "00:03:11", "text": "a long time. I'm kind of sick of hearing"}, {"start": "00:03:08", "end": "00:03:12", "text": "about a deal, about back and forth,"}, {"start": "00:03:11", "end": "00:03:16", "text": "about"}, {"start": "00:03:12", "end": "00:03:18", "text": "like all these things that"}, {"start": "00:03:16", "end": "00:03:21", "text": "that should have happened months ago,"}, {"start": "00:03:18", "end": "00:03:25", "text": "but it seems like this is real now. It's"}, {"start": "00:03:21", "end": "00:03:27", "text": "just that things need to be dotted or"}, {"start": "00:03:25", "end": "00:03:30", "text": "crossed at this point."}, {"start": "00:03:27", "end": "00:03:32", "text": "Okay, so"}, {"start": "00:03:30", "end": "00:03:35", "text": "this would be good."}, {"start": "00:03:32", "end": "00:03:40", "text": "This will be really good for all markets"}, {"start": "00:03:35", "end": "00:03:43", "text": "and for inflation and for crypto, right?"}, {"start": "00:03:40", "end": "00:03:45", "text": "Once we get past this"}, {"start": "00:03:43", "end": "00:03:48", "text": "and there are many"}, {"start": "00:03:45", "end": "00:03:50", "text": "that think this will come very soon,"}, {"start": "00:03:48", "end": "00:03:53", "text": "right? Even though Vance still says"}, {"start": "00:03:50", "end": "00:03:56", "text": "there are details to figure out. Oil is"}, {"start": "00:03:53", "end": "00:03:59", "text": "coming down in a big way. Drops below"}, {"start": "00:03:56", "end": "00:04:01", "text": "$80 before the war start. We're in the"}, {"start": "00:03:59", "end": "00:04:04", "text": "60s. Just keep that in mind. But we went"}, {"start": "00:04:01", "end": "00:04:07", "text": "up as high as 110, 120. Now we're coming"}, {"start": "00:04:04", "end": "00:04:09", "text": "back down. Oil coming down is a really"}, {"start": "00:04:07", "end": "00:04:12", "text": "good thing."}, {"start": "00:04:09", "end": "00:04:14", "text": "Inflation has been skyrocketing and we"}, {"start": "00:04:12", "end": "00:04:18", "text": "don't want that. That doesn't help our"}, {"start": "00:04:14", "end": "00:04:20", "text": "case for more rate cuts. So"}, {"start": "00:04:18", "end": "00:04:23", "text": "coming down is a good thing and it is"}, {"start": "00:04:20", "end": "00:04:26", "text": "starting to happen, right? And not only"}, {"start": "00:04:23", "end": "00:04:28", "text": "that, not the US market. Asian markets"}, {"start": "00:04:26", "end": "00:04:31", "text": "have been skyrocketing even though they"}, {"start": "00:04:28", "end": "00:04:33", "text": "had a few days of correction, but"}, {"start": "00:04:31", "end": "00:04:37", "text": "overall they're going up. So they kind"}, {"start": "00:04:33", "end": "00:04:42", "text": "of lead the way. If you look at"}, {"start": "00:04:37", "end": "00:04:45", "text": "uh like Japan yesterday plus 5%."}, {"start": "00:04:42", "end": "00:04:48", "text": "Plus 5%. And then you got Shanghai up"}, {"start": "00:04:45", "end": "00:04:51", "text": "almost 2%. All these other ones, India"}, {"start": "00:04:48", "end": "00:04:56", "text": "up 1%. You look at some of the European"}, {"start": "00:04:51", "end": "00:05:00", "text": "markets up right so obviously and VEX"}, {"start": "00:04:56", "end": "00:05:03", "text": "down that's what you want so obviously"}, {"start": "00:05:00", "end": "00:05:07", "text": "the prospect of the war ending is"}, {"start": "00:05:03", "end": "00:05:11", "text": "bringing investors back all around right"}, {"start": "00:05:07", "end": "00:05:16", "text": "this is what we want to see"}, {"start": "00:05:11", "end": "00:05:16", "text": "good thing very good thing"}, {"start": "00:05:16", "end": "00:05:21", "text": "now"}, {"start": "00:05:17", "end": "00:05:23", "text": "space X. Everyone can't stop talking"}, {"start": "00:05:21", "end": "00:05:25", "text": "about it. It's up about 6%. Well, right"}, {"start": "00:05:23", "end": "00:05:28", "text": "now it dropped to like 5%. But it's"}, {"start": "00:05:25", "end": "00:05:31", "text": "still up."}, {"start": "00:05:28", "end": "00:05:34", "text": "Okay. People are still trying to FOMO. I"}, {"start": "00:05:31", "end": "00:05:37", "text": "I would say be very careful about"}, {"start": "00:05:34", "end": "00:05:39", "text": "FOMOing SpaceX at this point. Yes, it"}, {"start": "00:05:37", "end": "00:05:41", "text": "can continue. Like I said yesterday, it"}, {"start": "00:05:39", "end": "00:05:43", "text": "could continue this week, could continue"}, {"start": "00:05:41", "end": "00:05:45", "text": "today and tomorrow, but at some point"}, {"start": "00:05:43", "end": "00:05:49", "text": "it's gonna come down. It's a little bit"}, {"start": "00:05:45", "end": "00:05:51", "text": "too frothy as they would say it. Okay."}, {"start": "00:05:49", "end": "00:05:56", "text": "But you got a lot of people that believe"}, {"start": "00:05:51", "end": "00:05:58", "text": "Kathy Wood bought $500 million on IPO"}, {"start": "00:05:56", "end": "00:06:03", "text": "day. You would figure she's one of the"}, {"start": "00:05:58", "end": "00:06:05", "text": "insiders, but she's still buying more."}, {"start": "00:06:03", "end": "00:06:08", "text": "Haven't heard her talk a lot about"}, {"start": "00:06:05", "end": "00:06:10", "text": "buying Bitcoin or Bitcoin ETFs or"}, {"start": "00:06:08", "end": "00:06:12", "text": "anything like that recently. and"}, {"start": "00:06:10", "end": "00:06:16", "text": "Coinbase, you know, she's a big Tesla"}, {"start": "00:06:12", "end": "00:06:20", "text": "bull, big crypto bull, but like she"}, {"start": "00:06:16", "end": "00:06:23", "text": "tends to like reallocate her funds quite"}, {"start": "00:06:20", "end": "00:06:26", "text": "often. So now she's going to SpaceX. I I"}, {"start": "00:06:23", "end": "00:06:31", "text": "don't know. It's just it's a little bit"}, {"start": "00:06:26", "end": "00:06:33", "text": "too high, being worth over $2 trillion."}, {"start": "00:06:31", "end": "00:06:36", "text": "Everyone is betting on Elon. Everyone's"}, {"start": "00:06:33", "end": "00:06:38", "text": "betting on the future of SpaceX, but"}, {"start": "00:06:36", "end": "00:06:42", "text": "last year's revenue was only 18 billion."}, {"start": "00:06:38", "end": "00:06:44", "text": "So that's that's like a crazy crazy"}, {"start": "00:06:42", "end": "00:06:48", "text": "difference between it's like a what what"}, {"start": "00:06:44", "end": "00:06:50", "text": "is that? That's like a 200xp"}, {"start": "00:06:48", "end": "00:06:54", "text": "P. It's a 200p ratio or something like"}, {"start": "00:06:50", "end": "00:06:56", "text": "that. It's something crazy crazy. But it"}, {"start": "00:06:54", "end": "00:07:00", "text": "did bring a lot of enthusiasm. And now"}, {"start": "00:06:56", "end": "00:07:04", "text": "that we're over this IPO, there could be"}, {"start": "00:07:00", "end": "00:07:06", "text": "some capital rotation back into crypto"}, {"start": "00:07:04", "end": "00:07:10", "text": "because a lot of it flew out I think"}, {"start": "00:07:06", "end": "00:07:12", "text": "because of that. Nevertheless, with it,"}, {"start": "00:07:10", "end": "00:07:15", "text": "SpaceX is one of the largest companies"}, {"start": "00:07:12", "end": "00:07:18", "text": "on the planet and now"}, {"start": "00:07:15", "end": "00:07:20", "text": "they hold enormous amount of Bitcoin,"}, {"start": "00:07:18", "end": "00:07:23", "text": "too. So, that's good from publicity"}, {"start": "00:07:20", "end": "00:07:27", "text": "standpoint. And Sailor also tweeted this"}, {"start": "00:07:23", "end": "00:07:30", "text": "out last week. Okay. Mag 8 now hold"}, {"start": "00:07:27", "end": "00:07:33", "text": "Bitcoin balance sheet."}, {"start": "00:07:30", "end": "00:07:36", "text": "That's true. That is true. And SpaceX"}, {"start": "00:07:33", "end": "00:07:38", "text": "somehow all of a sudden became a MAG"}, {"start": "00:07:36", "end": "00:07:42", "text": "company. Um"}, {"start": "00:07:38", "end": "00:07:46", "text": "the magn magnificent 8 it didn't have"}, {"start": "00:07:42", "end": "00:07:49", "text": "test space before but now it does"}, {"start": "00:07:46", "end": "00:07:52", "text": "but that that is true eventually all the"}, {"start": "00:07:49", "end": "00:07:56", "text": "mags will have bitcoin in their balance"}, {"start": "00:07:52", "end": "00:07:56", "text": "sheet I don't know why it's still"}, {"start": "00:07:57", "end": "00:08:03", "text": "you know it still hasn't happened all of"}, {"start": "00:08:00", "end": "00:08:06", "text": "them have so much cash like crazy amount"}, {"start": "00:08:03", "end": "00:08:09", "text": "of cash just sitting there"}, {"start": "00:08:06", "end": "00:08:14", "text": "just a little bit, a few billion here"}, {"start": "00:08:09", "end": "00:08:15", "text": "and there would make a big difference."}, {"start": "00:08:14", "end": "00:08:18", "text": "But"}, {"start": "00:08:15", "end": "00:08:21", "text": "yeah, SpaceX does have Bitcoin."}, {"start": "00:08:18", "end": "00:08:22", "text": "Hopefully they buy more. If they start"}, {"start": "00:08:21", "end": "00:08:24", "text": "announcing they buy, they're going to"}, {"start": "00:08:22", "end": "00:08:28", "text": "start buying like Sailor. Well, that'd"}, {"start": "00:08:24", "end": "00:08:32", "text": "be absolutely crazy. Absolutely crazy."}, {"start": "00:08:28", "end": "00:08:34", "text": "And I I saw this too. You have a lot of"}, {"start": "00:08:32", "end": "00:08:36", "text": "tokenized SpaceX now. A lot of the"}, {"start": "00:08:34", "end": "00:08:40", "text": "exchanges"}, {"start": "00:08:36", "end": "00:08:42", "text": "have tokenized Space X"}, {"start": "00:08:40", "end": "00:08:45", "text": "tokens. I don't know if they're actually"}, {"start": "00:08:42", "end": "00:08:48", "text": "legal or not, but there are a lot and"}, {"start": "00:08:45", "end": "00:08:51", "text": "volume is high even for Salana. You"}, {"start": "00:08:48", "end": "00:08:53", "text": "know, you got all these SpaceX tokens. I"}, {"start": "00:08:51", "end": "00:08:57", "text": "I I would say a lot of them are still"}, {"start": "00:08:53", "end": "00:09:01", "text": "rugs. But I do know that like Coinbase"}, {"start": "00:08:57", "end": "00:09:05", "text": "and and and all these guys offer SpaceX"}, {"start": "00:09:01", "end": "00:09:09", "text": "like pre-shares or tokens or whatever it"}, {"start": "00:09:05", "end": "00:09:11", "text": "is. So it brought a lot of volume to the"}, {"start": "00:09:09", "end": "00:09:14", "text": "space"}, {"start": "00:09:11", "end": "00:09:16", "text": "and then on the on the token screener"}, {"start": "00:09:14", "end": "00:09:18", "text": "here. I was just looking at it just just"}, {"start": "00:09:16", "end": "00:09:24", "text": "randomly looking at it. Man, you have so"}, {"start": "00:09:18", "end": "00:09:26", "text": "many on on base on BSC on soul"}, {"start": "00:09:24", "end": "00:09:28", "text": "and some of these are quite high."}, {"start": "00:09:26", "end": "00:09:30", "text": "There's one on BSC that's 55 million."}, {"start": "00:09:28", "end": "00:09:33", "text": "It's it's crazy. All SpaceX. Look at it."}, {"start": "00:09:30", "end": "00:09:35", "text": "Look at look at this list."}, {"start": "00:09:33", "end": "00:09:38", "text": "You have no idea which one is real,"}, {"start": "00:09:35", "end": "00:09:40", "text": "which one is not, but that's kind of the"}, {"start": "00:09:38", "end": "00:09:43", "text": "point. People like to speculate, but we"}, {"start": "00:09:40", "end": "00:09:45", "text": "do have a lot of filters here for for"}, {"start": "00:09:43", "end": "00:09:48", "text": "whale trap and and all these things."}, {"start": "00:09:45", "end": "00:09:51", "text": "fresh launch risk that's on here. So,"}, {"start": "00:09:48", "end": "00:09:55", "text": "just to point that out. All right. Now,"}, {"start": "00:09:51", "end": "00:09:57", "text": "outside of SpaceX, what else? ETF inflow"}, {"start": "00:09:55", "end": "00:10:01", "text": "outflows."}, {"start": "00:09:57", "end": "00:10:05", "text": "We actually saw a good day on Friday,"}, {"start": "00:10:01", "end": "00:10:08", "text": "plus 86 million. So, you could see we"}, {"start": "00:10:05", "end": "00:10:11", "text": "finally flipped a little bit to the"}, {"start": "00:10:08", "end": "00:10:15", "text": "green after having a massive couple"}, {"start": "00:10:11", "end": "00:10:15", "text": "weeks of outflows."}, {"start": "00:10:15", "end": "00:10:22", "text": "and ETH unfortunately had minus five saw"}, {"start": "00:10:18", "end": "00:10:25", "text": "at minus4 and XRP actually had two so uh"}, {"start": "00:10:22", "end": "00:10:26", "text": "but we had a little bit and I have a"}, {"start": "00:10:25", "end": "00:10:28", "text": "feeling today it's going to be very"}, {"start": "00:10:26", "end": "00:10:31", "text": "positive"}, {"start": "00:10:28", "end": "00:10:33", "text": "and if the remaining of this week people"}, {"start": "00:10:31", "end": "00:10:35", "text": "are feeling it and the war officially"}, {"start": "00:10:33", "end": "00:10:37", "text": "ends you're going to see a lot more"}, {"start": "00:10:35", "end": "00:10:41", "text": "capital rotate in and with the SpaceX"}, {"start": "00:10:37", "end": "00:10:44", "text": "IPO over we could see massive amount of"}, {"start": "00:10:41", "end": "00:10:48", "text": "buying and same thing with liquidity"}, {"start": "00:10:44", "end": "00:10:49", "text": "which We did see plus 2354"}, {"start": "00:10:48", "end": "00:10:52", "text": "million."}, {"start": "00:10:49", "end": "00:10:55", "text": "Okay, we did see a massive outflow the"}, {"start": "00:10:52", "end": "00:10:57", "text": "last couple weeks, but having some money"}, {"start": "00:10:55", "end": "00:10:59", "text": "flow back in could make a big"}, {"start": "00:10:57", "end": "00:11:03", "text": "difference. And it's a smart move right"}, {"start": "00:10:59", "end": "00:11:06", "text": "now. Seeing how everything is elevated"}, {"start": "00:11:03", "end": "00:11:08", "text": "except Bitcoin and crypto,"}, {"start": "00:11:06", "end": "00:11:12", "text": "right? Capital rotation in actually"}, {"start": "00:11:08", "end": "00:11:14", "text": "makes a lot of sense at this point."}, {"start": "00:11:12", "end": "00:11:16", "text": "So, we'll see."}, {"start": "00:11:14", "end": "00:11:18", "text": "We will see how the rest of this week"}, {"start": "00:11:16", "end": "00:11:19", "text": "goes."}, {"start": "00:11:18", "end": "00:11:24", "text": "Sailor"}, {"start": "00:11:19", "end": "00:11:30", "text": "continues to buy another 15,600 Bitcoin."}, {"start": "00:11:24", "end": "00:11:30", "text": "Okay, 100 million now up to 846,000"}, {"start": "00:11:31", "end": "00:11:36", "text": "and then also added 100 million to the"}, {"start": "00:11:34", "end": "00:11:42", "text": "reserve which is good which is good. All"}, {"start": "00:11:36", "end": "00:11:42", "text": "right, Sailor unfortunately have,"}, {"start": "00:11:42", "end": "00:11:47", "text": "you know, just that one little buy,"}, {"start": "00:11:45", "end": "00:11:50", "text": "that one little B, one little cell, I"}, {"start": "00:11:47", "end": "00:11:55", "text": "should say, have have really tarnished"}, {"start": "00:11:50", "end": "00:11:58", "text": "his reputation. Like, his his uh his his"}, {"start": "00:11:55", "end": "00:12:00", "text": "responses are just horrible. Like, you"}, {"start": "00:11:58", "end": "00:12:02", "text": "don't you don't see the same kind of"}, {"start": "00:12:00", "end": "00:12:04", "text": "cheering anymore."}, {"start": "00:12:02", "end": "00:12:06", "text": "You know, MNAB, there's a lot of"}, {"start": "00:12:04", "end": "00:12:08", "text": "questions about how MNAV is now"}, {"start": "00:12:06", "end": "00:12:10", "text": "calculated because it's calculated"}, {"start": "00:12:08", "end": "00:12:13", "text": "different than how it was before because"}, {"start": "00:12:10", "end": "00:12:16", "text": "now he's diluting a lot more. And yes,"}, {"start": "00:12:13", "end": "00:12:18", "text": "he's still diluting strategy shares in"}, {"start": "00:12:16", "end": "00:12:22", "text": "order to buy along with other preferred"}, {"start": "00:12:18", "end": "00:12:25", "text": "stock, right? And he kind of backtracked"}, {"start": "00:12:22", "end": "00:12:28", "text": "in a recent interview or on stage when"}, {"start": "00:12:25", "end": "00:12:30", "text": "he's like, well, I didn't say, you know,"}, {"start": "00:12:28", "end": "00:12:33", "text": "I told you guys not to sell, but I"}, {"start": "00:12:30", "end": "00:12:36", "text": "didn't say we wouldn't sell. like people"}, {"start": "00:12:33", "end": "00:12:39", "text": "did not like hearing that at all."}, {"start": "00:12:36", "end": "00:12:40", "text": "So unfortunately Sailor's buying, you"}, {"start": "00:12:39", "end": "00:12:43", "text": "know, is not bringing the same"}, {"start": "00:12:40", "end": "00:12:45", "text": "enthusiasm as before for sure. There are"}, {"start": "00:12:43", "end": "00:12:46", "text": "a lot of people that have turned against"}, {"start": "00:12:45", "end": "00:12:49", "text": "him, but nevertheless, he's going to"}, {"start": "00:12:46", "end": "00:12:53", "text": "continue to wait. He's going to continue"}, {"start": "00:12:49", "end": "00:12:54", "text": "to keep on buying and we'll see how this"}, {"start": "00:12:53", "end": "00:12:57", "text": "goes."}, {"start": "00:12:54", "end": "00:12:57", "text": "So"}, {"start": "00:12:58", "end": "00:13:01", "text": "standard charter"}, {"start": "00:13:02", "end": "00:13:08", "text": "says winter is over"}, {"start": "00:13:05", "end": "00:13:10", "text": "crypto spring. You know the thing is we"}, {"start": "00:13:08", "end": "00:13:12", "text": "were in crypto spring. Okay. We"}, {"start": "00:13:10", "end": "00:13:14", "text": "definitely"}, {"start": "00:13:12", "end": "00:13:16", "text": "are in crypto spring. I don't think we"}, {"start": "00:13:14", "end": "00:13:18", "text": "dropped back from spring to winter and"}, {"start": "00:13:16", "end": "00:13:22", "text": "now back to spring. No, we were in"}, {"start": "00:13:18", "end": "00:13:24", "text": "spring already. We were at 82,000 or"}, {"start": "00:13:22", "end": "00:13:27", "text": "84,000. And it seemed like we were going"}, {"start": "00:13:24", "end": "00:13:32", "text": "to recover more until"}, {"start": "00:13:27", "end": "00:13:34", "text": "until escalation of war, you know,"}, {"start": "00:13:32", "end": "00:13:37", "text": "sailor"}, {"start": "00:13:34", "end": "00:13:41", "text": "selling some Bitcoin."}, {"start": "00:13:37", "end": "00:13:45", "text": "Okay. Uh SpaceX IPO"}, {"start": "00:13:41", "end": "00:13:49", "text": "and you have, you know, rotation into AI"}, {"start": "00:13:45", "end": "00:13:51", "text": "and Asian markets and all these things,"}, {"start": "00:13:49", "end": "00:13:54", "text": "right? So, this is like a slight hiccup."}, {"start": "00:13:51", "end": "00:13:56", "text": "That's how I see it. It's a slight"}, {"start": "00:13:54", "end": "00:14:00", "text": "hiccup. We are in spring. We were"}, {"start": "00:13:56", "end": "00:14:02", "text": "recovering, but we took a step back and"}, {"start": "00:14:00", "end": "00:14:04", "text": "we're going to continue to move forward."}, {"start": "00:14:02", "end": "00:14:06", "text": "That's how I see things. Things are"}, {"start": "00:14:04", "end": "00:14:10", "text": "going to get better. We have improved"}, {"start": "00:14:06", "end": "00:14:12", "text": "greatly. Fundamentals haven't changed."}, {"start": "00:14:10", "end": "00:14:15", "text": "So,"}, {"start": "00:14:12", "end": "00:14:17", "text": "100% agree. Uh, and keep in mind this is"}, {"start": "00:14:15", "end": "00:14:19", "text": "from Standard Chartered, one of the"}, {"start": "00:14:17", "end": "00:14:23", "text": "biggest banks on the planet. I think"}, {"start": "00:14:19", "end": "00:14:25", "text": "they're one of the biggest banks in"}, {"start": "00:14:23", "end": "00:14:27", "text": "Europe for sure, but they are a"}, {"start": "00:14:25", "end": "00:14:29", "text": "hardcore,"}, {"start": "00:14:27", "end": "00:14:32", "text": "excuse me, hardcore believer of Bitcoin"}, {"start": "00:14:29", "end": "00:14:34", "text": "and their CEO says he holds like 30% of"}, {"start": "00:14:32", "end": "00:14:36", "text": "his net worth in Bitcoin or something"}, {"start": "00:14:34", "end": "00:14:39", "text": "like that. It's a pretty good"}, {"start": "00:14:36", "end": "00:14:42", "text": "endorsement all around."}, {"start": "00:14:39", "end": "00:14:44", "text": "Bitcoin whales"}, {"start": "00:14:42", "end": "00:14:46", "text": "have also stopped selling and started"}, {"start": "00:14:44", "end": "00:14:49", "text": "reaccumulation. I think a lot of the"}, {"start": "00:14:46", "end": "00:14:51", "text": "whales that were selling are basically"}, {"start": "00:14:49", "end": "00:14:54", "text": "just miners. Okay. A lot of miners"}, {"start": "00:14:51", "end": "00:14:59", "text": "started selling not because they have to"}, {"start": "00:14:54", "end": "00:15:02", "text": "because they're raising money to prepare"}, {"start": "00:14:59", "end": "00:15:05", "text": "for a shift into AI. A lot of these"}, {"start": "00:15:02", "end": "00:15:08", "text": "miners unfortunately are moving into AI"}, {"start": "00:15:05", "end": "00:15:10", "text": "becoming AI data centers. So you know a"}, {"start": "00:15:08", "end": "00:15:13", "text": "lot of the metrics that we have that"}, {"start": "00:15:10", "end": "00:15:15", "text": "show these like whales selling, right?"}, {"start": "00:15:13", "end": "00:15:17", "text": "It's really because these guys are"}, {"start": "00:15:15", "end": "00:15:20", "text": "looking to get into something more"}, {"start": "00:15:17", "end": "00:15:23", "text": "profitable and you know they have"}, {"start": "00:15:20", "end": "00:15:26", "text": "shareholders to report to. So it's hard"}, {"start": "00:15:23", "end": "00:15:29", "text": "for them not to do so when they can get"}, {"start": "00:15:26", "end": "00:15:32", "text": "and convert their you know their huge"}, {"start": "00:15:29", "end": "00:15:37", "text": "massive warehouses of miners into rack"}, {"start": "00:15:32", "end": "00:15:39", "text": "space um for AI compute and storage and"}, {"start": "00:15:37", "end": "00:15:41", "text": "all that stuff, right? So can't really"}, {"start": "00:15:39", "end": "00:15:42", "text": "blame them that they have to go in that"}, {"start": "00:15:41", "end": "00:15:45", "text": "direction. And it's just definitely more"}, {"start": "00:15:42", "end": "00:15:47", "text": "profitable especially when uh mining"}, {"start": "00:15:45", "end": "00:15:49", "text": "profits are so low."}, {"start": "00:15:47", "end": "00:15:51", "text": "But you know at some point the ones that"}, {"start": "00:15:49", "end": "00:15:55", "text": "want to leave will leave. The ones that"}, {"start": "00:15:51", "end": "00:15:56", "text": "are here to stay will continue to add."}, {"start": "00:15:55", "end": "00:16:00", "text": "And the great thing the beautiful thing"}, {"start": "00:15:56", "end": "00:16:02", "text": "about the algorithm algorithm is you"}, {"start": "00:16:00", "end": "00:16:05", "text": "know it adjusts. The difficulty adjusts"}, {"start": "00:16:02", "end": "00:16:07", "text": "every two weeks. So if a lot of people"}, {"start": "00:16:05", "end": "00:16:10", "text": "leave, the difficulty drops and then"}, {"start": "00:16:07", "end": "00:16:13", "text": "entices more miners to come back in or"}, {"start": "00:16:10", "end": "00:16:15", "text": "the existing ones to add and it's like a"}, {"start": "00:16:13", "end": "00:16:18", "text": "perfect system. It has operated like"}, {"start": "00:16:15", "end": "00:16:20", "text": "that ever since it came out and it"}, {"start": "00:16:18", "end": "00:16:24", "text": "always does its thing to draw people"}, {"start": "00:16:20", "end": "00:16:26", "text": "back. So that is happening right now"}, {"start": "00:16:24", "end": "00:16:29", "text": "which is really good from a technical"}, {"start": "00:16:26", "end": "00:16:32", "text": "standpoint. You have a lot of these"}, {"start": "00:16:29", "end": "00:16:33", "text": "you have a lot of these signals like a"}, {"start": "00:16:32", "end": "00:16:35", "text": "divergence."}, {"start": "00:16:33", "end": "00:16:37", "text": "Okay, that's happening. I could show you"}, {"start": "00:16:35", "end": "00:16:39", "text": "guys a little more in the in the chart"}, {"start": "00:16:37", "end": "00:16:44", "text": "when I get to it, but"}, {"start": "00:16:39", "end": "00:16:46", "text": "you have a lot of great reversal signs,"}, {"start": "00:16:44", "end": "00:16:48", "text": "signals, plus everything I've been"}, {"start": "00:16:46", "end": "00:16:51", "text": "saying."}, {"start": "00:16:48", "end": "00:16:53", "text": "Not time to be giving up. This is the"}, {"start": "00:16:51", "end": "00:16:58", "text": "time to be coming back in, especially"}, {"start": "00:16:53", "end": "00:17:01", "text": "when prices are still low."}, {"start": "00:16:58", "end": "00:17:01", "text": "This guy right here"}, {"start": "00:17:01", "end": "00:17:09", "text": "has endless money every single week."}, {"start": "00:17:05", "end": "00:17:11", "text": "Hundreds of millions of dollars."}, {"start": "00:17:09", "end": "00:17:14", "text": "I don't know where he's getting it from,"}, {"start": "00:17:11", "end": "00:17:17", "text": "but he's getting it. BMI has just"}, {"start": "00:17:14", "end": "00:17:22", "text": "purchased another 135 million. Now they"}, {"start": "00:17:17", "end": "00:17:25", "text": "hold close to 5% of the entire supply"}, {"start": "00:17:22", "end": "00:17:27", "text": "and he's staking most of that and"}, {"start": "00:17:25", "end": "00:17:31", "text": "earning staking rewards and helping"}, {"start": "00:17:27", "end": "00:17:35", "text": "remove that from the space. He's he's"}, {"start": "00:17:31", "end": "00:17:37", "text": "not selling right now. So Tom Lee is"}, {"start": "00:17:35", "end": "00:17:41", "text": "kind of carrying ETH on his back right"}, {"start": "00:17:37", "end": "00:17:44", "text": "now in a big way more so than I think"}, {"start": "00:17:41", "end": "00:17:47", "text": "Sailor is carrying Bitcoin on its back."}, {"start": "00:17:44", "end": "00:17:49", "text": "Um,"}, {"start": "00:17:47", "end": "00:17:53", "text": "yeah, I think a lot more uh without Tom"}, {"start": "00:17:49", "end": "00:17:55", "text": "Lee and and his buying."}, {"start": "00:17:53", "end": "00:17:59", "text": "I think Ethereum would be much worse"}, {"start": "00:17:55", "end": "00:17:59", "text": "shape right now."}, {"start": "00:17:59", "end": "00:18:04", "text": "All right."}, {"start": "00:18:00", "end": "00:18:07", "text": "Uh, that's pretty much it. I saw this"}, {"start": "00:18:04", "end": "00:18:09", "text": "Cardano is making a strong recovery."}, {"start": "00:18:07", "end": "00:18:11", "text": "You know, it's unfortunate. I didn't"}, {"start": "00:18:09", "end": "00:18:14", "text": "know. I found out I found this out late."}, {"start": "00:18:11", "end": "00:18:18", "text": "Tap Tools, which is kind of like the DEX"}, {"start": "00:18:14", "end": "00:18:20", "text": "screener, Dex tools of Cardano, they"}, {"start": "00:18:18", "end": "00:18:22", "text": "they shut down a couple weeks ago. I"}, {"start": "00:18:20", "end": "00:18:23", "text": "thought maybe they just pivoted or"}, {"start": "00:18:22", "end": "00:18:25", "text": "something, but they completely shut"}, {"start": "00:18:23", "end": "00:18:27", "text": "down. They said the team members like"}, {"start": "00:18:25", "end": "00:18:29", "text": "left. They didn't they ran out of money."}, {"start": "00:18:27", "end": "00:18:31", "text": "They don't have technical knowhow. You"}, {"start": "00:18:29", "end": "00:18:33", "text": "know, I would actually like to take over"}, {"start": "00:18:31", "end": "00:18:36", "text": "Tab Tools. I reached out, but I don't"}, {"start": "00:18:33", "end": "00:18:38", "text": "think anyone's listening. But,"}, {"start": "00:18:36", "end": "00:18:41", "text": "you know, it would be a perfect addition"}, {"start": "00:18:38", "end": "00:18:44", "text": "to Ask Clash. And I think I can"}, {"start": "00:18:41", "end": "00:18:46", "text": "revitalize in a big way. I don't know if"}, {"start": "00:18:44", "end": "00:18:48", "text": "anyone"}, {"start": "00:18:46", "end": "00:18:52", "text": "is watching from Tap Tools or anyone"}, {"start": "00:18:48", "end": "00:18:54", "text": "knows from Tap Tools. Uh hopefully they"}, {"start": "00:18:52", "end": "00:18:57", "text": "will, you know, reach out after watching"}, {"start": "00:18:54", "end": "00:19:00", "text": "this. But it's unfortunate and a lot of"}, {"start": "00:18:57", "end": "00:19:02", "text": "people are hating on Charles, right?"}, {"start": "00:19:00", "end": "00:19:03", "text": "He's doing what he can. That's pretty"}, {"start": "00:19:02", "end": "00:19:06", "text": "much all you could do when the price is"}, {"start": "00:19:03", "end": "00:19:09", "text": "down. very hard to make it go up other"}, {"start": "00:19:06", "end": "00:19:11", "text": "than just stay into space, continue to"}, {"start": "00:19:09", "end": "00:19:14", "text": "educate, communicate, and continue to"}, {"start": "00:19:11", "end": "00:19:18", "text": "build that. That's pretty much it. What"}, {"start": "00:19:14", "end": "00:19:21", "text": "else can you do, right? But a lot of lot"}, {"start": "00:19:18", "end": "00:19:24", "text": "of hate on Cardano and Charles recently."}, {"start": "00:19:21", "end": "00:19:27", "text": "Um, anyways, it's looking very green"}, {"start": "00:19:24", "end": "00:19:32", "text": "today. Very very green."}, {"start": "00:19:27", "end": "00:19:39", "text": "And really nothing to complain about."}, {"start": "00:19:32", "end": "00:19:47", "text": "666 right now. Uh XRP is up 9%."}, {"start": "00:19:39", "end": "00:19:47", "text": "Soul is up 9%. Eve is up 9%."}, {"start": "00:19:48", "end": "00:19:55", "text": "All looking pretty good. Pretty good. Uh"}, {"start": "00:19:51", "end": "00:19:58", "text": "on a shorter time frame,"}, {"start": "00:19:55", "end": "00:20:00", "text": "you know,"}, {"start": "00:19:58", "end": "00:20:04", "text": "let's go for a Yeah, like on a 4 hour"}, {"start": "00:20:00", "end": "00:20:08", "text": "right now. right between a 50 and a 200."}, {"start": "00:20:04", "end": "00:20:12", "text": "So getting back to about like here 71."}, {"start": "00:20:08", "end": "00:20:15", "text": "Okay, that would be a natural resistance"}, {"start": "00:20:12", "end": "00:20:19", "text": "slashs support. We did utilize it as a"}, {"start": "00:20:15", "end": "00:20:21", "text": "support before, right? So"}, {"start": "00:20:19", "end": "00:20:24", "text": "flipping above is looking good. Uh what"}, {"start": "00:20:21", "end": "00:20:26", "text": "else is there? Let's see. Let's look at"}, {"start": "00:20:24", "end": "00:20:28", "text": "some key levels here. This is on the"}, {"start": "00:20:26", "end": "00:20:30", "text": "daily."}, {"start": "00:20:28", "end": "00:20:32", "text": "There's a couple of resistance"}, {"start": "00:20:30", "end": "00:20:35", "text": "beforehand. You got one at 67, you got"}, {"start": "00:20:32", "end": "00:20:39", "text": "one at 70,700,"}, {"start": "00:20:35", "end": "00:20:41", "text": "and you got one at 73"}, {"start": "00:20:39", "end": "00:20:45", "text": "74,000,"}, {"start": "00:20:41", "end": "00:20:48", "text": "right? So, couple couple ones to look"}, {"start": "00:20:45", "end": "00:20:50", "text": "forward to. And then as for some of"}, {"start": "00:20:48", "end": "00:20:53", "text": "these others, like we are pressed right"}, {"start": "00:20:50", "end": "00:20:55", "text": "against this demo 43, the EMA ribbon,"}, {"start": "00:20:53", "end": "00:20:58", "text": "we're starting to cross some of these"}, {"start": "00:20:55", "end": "00:21:01", "text": "moving averages, right? Ballinger band."}, {"start": "00:20:58", "end": "00:21:03", "text": "We bounced off from the bottom. Now"}, {"start": "00:21:01", "end": "00:21:08", "text": "moving toward the middle. Now moving"}, {"start": "00:21:03", "end": "00:21:08", "text": "towards the top. So"}, {"start": "00:21:09", "end": "00:21:17", "text": "we're definitely gaining some momentum."}, {"start": "00:21:13", "end": "00:21:20", "text": "So that's good. Uh outside of crypto,"}, {"start": "00:21:17", "end": "00:21:24", "text": "you have like Nvidia that's up about 2%."}, {"start": "00:21:20", "end": "00:21:30", "text": "Micron that continues to be hot up 9%"}, {"start": "00:21:24", "end": "00:21:30", "text": "today. AMD up 9% today"}, {"start": "00:21:33", "end": "00:21:44", "text": "and SpaceX is probably still flying."}, {"start": "00:21:37", "end": "00:21:46", "text": "What is SpaceX? SpaceX up 7% today."}, {"start": "00:21:44", "end": "00:21:49", "text": "It's pretty good day all around, I would"}, {"start": "00:21:46", "end": "00:21:54", "text": "say. Pretty good day all around. All"}, {"start": "00:21:49", "end": "00:21:54", "text": "right, guys. Let's do some Q&A."}, {"start": "00:22:27", "end": "00:22:31", "text": "All right."}, {"start": "00:22:49", "end": "00:22:55", "text": "Do you think Wars will lower rates?"}, {"start": "00:22:52", "end": "00:22:57", "text": "Well, he wants to, but it's not just"}, {"start": "00:22:55", "end": "00:22:59", "text": "him. There's a board of governors that"}, {"start": "00:22:57", "end": "00:23:04", "text": "vote."}, {"start": "00:22:59", "end": "00:23:05", "text": "So, I know he's very pro doing so. He"}, {"start": "00:23:04", "end": "00:23:09", "text": "would love to do it and he'll probably"}, {"start": "00:23:05", "end": "00:23:13", "text": "vote yes, but it takes the entire board"}, {"start": "00:23:09", "end": "00:23:17", "text": "to agree. I think more than 50%."}, {"start": "00:23:13", "end": "00:23:20", "text": "So with inflation high right now, it's"}, {"start": "00:23:17", "end": "00:23:22", "text": "very hard for them to vote. But if oil"}, {"start": "00:23:20", "end": "00:23:27", "text": "continues to drop,"}, {"start": "00:23:22", "end": "00:23:30", "text": "then it'd be very very easy, very easy,"}, {"start": "00:23:27", "end": "00:23:34", "text": "right? And oil is dropping"}, {"start": "00:23:30", "end": "00:23:34", "text": "below 80."}, {"start": "00:23:47", "end": "00:23:52", "text": "I did not watch UFC 250, although a lot"}, {"start": "00:23:50", "end": "00:23:54", "text": "of people were talking about it. Watched"}, {"start": "00:23:52", "end": "00:23:57", "text": "it, really loved it."}, {"start": "00:23:54", "end": "00:23:57", "text": "Um,"}, {"start": "00:23:58", "end": "00:24:02", "text": "did Peria lo lose yesterday? Was he"}, {"start": "00:24:01", "end": "00:24:06", "text": "fighting yesterday? I think I saw"}, {"start": "00:24:02", "end": "00:24:06", "text": "something about how he lost"}, {"start": "00:24:24", "end": "00:24:30", "text": "RSI is flipping above from this oversold"}, {"start": "00:24:27", "end": "00:24:33", "text": "level at 15."}, {"start": "00:24:30", "end": "00:24:36", "text": "MACD is flipping above green histogram."}, {"start": "00:24:33", "end": "00:24:39", "text": "You can see down here"}, {"start": "00:24:36", "end": "00:24:43", "text": "looking good."}, {"start": "00:24:39", "end": "00:24:43", "text": "He did lose. Oh man."}, {"start": "00:24:44", "end": "00:24:51", "text": "I want to see him versus uh"}, {"start": "00:24:48", "end": "00:24:55", "text": "uh Jon Jones."}, {"start": "00:24:51", "end": "00:24:55", "text": "That'll be a good fight."}, {"start": "00:24:55", "end": "00:24:59", "text": "But I think Jon Jones is like"}, {"start": "00:24:56", "end": "00:25:01", "text": "heavyweight now or something."}, {"start": "00:24:59", "end": "00:25:04", "text": "So I I don't know about the weight class"}, {"start": "00:25:01", "end": "00:25:04", "text": "anymore."}, {"start": "00:25:05", "end": "00:25:14", "text": "I I met uh Alex Pereira"}, {"start": "00:25:10", "end": "00:25:17", "text": "at a restaurant um when I was still like"}, {"start": "00:25:14", "end": "00:25:19", "text": "doing IFC with Karate Combat. The guy"}, {"start": "00:25:17", "end": "00:25:22", "text": "did not smile at all. He's a huge guy."}, {"start": "00:25:19", "end": "00:25:28", "text": "He's not a small guy at all. Uh and he"}, {"start": "00:25:22", "end": "00:25:28", "text": "was driving around in a Rolls-Royce."}, {"start": "00:26:08", "end": "00:26:14", "text": "That UFC in UFC intro. makes me want to"}, {"start": "00:26:11", "end": "00:26:16", "text": "leave Australia for the USA. Um,"}, {"start": "00:26:14", "end": "00:26:17", "text": "I guess I'll have to like pull up some"}, {"start": "00:26:16", "end": "00:26:19", "text": "clips. I know it was done in front of"}, {"start": "00:26:17", "end": "00:26:22", "text": "the White House and it's supposed to be"}, {"start": "00:26:19", "end": "00:26:25", "text": "spectacular. I I just didn't watch it. I"}, {"start": "00:26:22", "end": "00:26:27", "text": "was hanging out with the family. Um,"}, {"start": "00:26:25", "end": "00:26:30", "text": "I just didn't get a chance to watch it."}, {"start": "00:26:27", "end": "00:26:32", "text": "But it's funny, as much as people"}, {"start": "00:26:30", "end": "00:26:36", "text": "complain about the US, I don't know why"}, {"start": "00:26:32", "end": "00:26:38", "text": "recently it got on my feed that you have"}, {"start": "00:26:36", "end": "00:26:40", "text": "all these like foreigners, like people"}, {"start": "00:26:38", "end": "00:26:42", "text": "from the UK,"}, {"start": "00:26:40", "end": "00:26:44", "text": "um,"}, {"start": "00:26:42", "end": "00:26:45", "text": "you know, experiencing the US for the"}, {"start": "00:26:44", "end": "00:26:48", "text": "first time and how they're trying US"}, {"start": "00:26:45", "end": "00:26:53", "text": "foods and just going into like places"}, {"start": "00:26:48", "end": "00:26:57", "text": "like Walmart or Costco or just like a"}, {"start": "00:26:53", "end": "00:27:00", "text": "CVS and how their minds are blown. It"}, {"start": "00:26:57", "end": "00:27:03", "text": "makes me wonder like what the UK is like"}, {"start": "00:27:00", "end": "00:27:07", "text": "because in the US we're all so used to"}, {"start": "00:27:03", "end": "00:27:09", "text": "it. We have all the fattiest foods, the"}, {"start": "00:27:07", "end": "00:27:12", "text": "most unhealthiest foods, but they're all"}, {"start": "00:27:09", "end": "00:27:14", "text": "delicious. This makes me wonder why"}, {"start": "00:27:12", "end": "00:27:16", "text": "people I I guess it makes sense when"}, {"start": "00:27:14", "end": "00:27:18", "text": "people say when you go to UK you're"}, {"start": "00:27:16", "end": "00:27:20", "text": "going to be disappointed."}, {"start": "00:27:18", "end": "00:27:23", "text": "Um because I haven't been to UK yet, so"}, {"start": "00:27:20", "end": "00:27:25", "text": "I don't know. I was very disappointed"}, {"start": "00:27:23", "end": "00:27:27", "text": "with French food which I thought was"}, {"start": "00:27:25", "end": "00:27:30", "text": "like the culinary capital of the world."}, {"start": "00:27:27", "end": "00:27:32", "text": "Um, but it's interesting to watch those"}, {"start": "00:27:30", "end": "00:27:35", "text": "clips like all these British people like"}, {"start": "00:27:32", "end": "00:27:38", "text": "getting so crazy and m and they're all"}, {"start": "00:27:35", "end": "00:27:42", "text": "so amazed how big like a CVS is or how"}, {"start": "00:27:38", "end": "00:27:45", "text": "great our food tastes and how big our"}, {"start": "00:27:42", "end": "00:27:49", "text": "stores are and stuff like that. It's uh"}, {"start": "00:27:45", "end": "00:27:49", "text": "it's kind of fun to watch."}, {"start": "00:28:50", "end": "00:28:54", "text": "Looking pretty good all around."}, {"start": "00:29:09", "end": "00:29:13", "text": "You know, the funny the the funny thing"}, {"start": "00:29:11", "end": "00:29:16", "text": "is there's really nothing that's comp"}, {"start": "00:29:13", "end": "00:29:19", "text": "considered like American food. I would"}, {"start": "00:29:16", "end": "00:29:22", "text": "say like besides like barbecue like"}, {"start": "00:29:19", "end": "00:29:25", "text": "Texas Texas style like barbecue and"}, {"start": "00:29:22", "end": "00:29:27", "text": "stuff like that, but like all American"}, {"start": "00:29:25", "end": "00:29:29", "text": "food is just like food from all these"}, {"start": "00:29:27", "end": "00:29:32", "text": "other countries that have, you know,"}, {"start": "00:29:29", "end": "00:29:34", "text": "people that have immigrated here or or"}, {"start": "00:29:32", "end": "00:29:36", "text": "uh lived here and just started learning"}, {"start": "00:29:34", "end": "00:29:39", "text": "how to cook all these other foods. So"}, {"start": "00:29:36", "end": "00:29:42", "text": "that's why you could find any food here."}, {"start": "00:29:39", "end": "00:29:45", "text": "you could find really good Chinese food,"}, {"start": "00:29:42", "end": "00:29:48", "text": "Mexican food, Spanish food,"}, {"start": "00:29:45", "end": "00:29:50", "text": "German food, whatever food that you're"}, {"start": "00:29:48", "end": "00:29:52", "text": "into. It's like everything's here and"}, {"start": "00:29:50", "end": "00:29:56", "text": "it's great. And then they have all these"}, {"start": "00:29:52", "end": "00:29:58", "text": "fusion stuff going on."}, {"start": "00:29:56", "end": "00:30:00", "text": "Um,"}, {"start": "00:29:58", "end": "00:30:02", "text": "and then like burgers and stuff like"}, {"start": "00:30:00", "end": "00:30:05", "text": "that, like barbecue stuff, ribs and"}, {"start": "00:30:02", "end": "00:30:07", "text": "stuff like that, even pizza, all this"}, {"start": "00:30:05", "end": "00:30:10", "text": "stuff. It's like you you can find it all"}, {"start": "00:30:07", "end": "00:30:13", "text": "here everywhere,"}, {"start": "00:30:10", "end": "00:30:17", "text": "right? So, it's very hard to actually go"}, {"start": "00:30:13", "end": "00:30:19", "text": "out of the US and actually find really"}, {"start": "00:30:17", "end": "00:30:21", "text": "good"}, {"start": "00:30:19", "end": "00:30:24", "text": "uh like comparable like countries that"}, {"start": "00:30:21", "end": "00:30:26", "text": "have it all too."}, {"start": "00:30:24", "end": "00:30:28", "text": "Of course, you can have better food in"}, {"start": "00:30:26", "end": "00:30:30", "text": "certain countries. Of course, that that"}, {"start": "00:30:28", "end": "00:30:34", "text": "is the thing. But in the US, you just"}, {"start": "00:30:30", "end": "00:30:34", "text": "have like a hodgepodge of Everything."}, {"start": "00:31:02", "end": "00:31:07", "text": "What kind of interview is this?"}, {"start": "00:31:30", "end": "00:31:33", "text": "I think this deal will happen. It's all"}, {"start": "00:31:32", "end": "00:31:37", "text": "planned out. We will get the bill passed"}, {"start": "00:31:33", "end": "00:31:37", "text": "on the 4th."}, {"start": "00:31:37", "end": "00:31:40", "text": "Are you talking about the clarity bill"}, {"start": "00:31:39", "end": "00:31:42", "text": "or or are you talking about the Iran"}, {"start": "00:31:40", "end": "00:31:45", "text": "deal? I don't know which one you're"}, {"start": "00:31:42", "end": "00:31:45", "text": "talking about."}, {"start": "00:31:47", "end": "00:31:52", "text": "Lit. when you start buying."}, {"start": "00:31:50", "end": "00:31:54", "text": "When will Clash get to 1 billion market"}, {"start": "00:31:52", "end": "00:31:56", "text": "cap? When you and everyone else start"}, {"start": "00:31:54", "end": "00:32:00", "text": "buying and stop asking questions. It's"}, {"start": "00:31:56", "end": "00:32:01", "text": "just really that simple."}, {"start": "00:32:00", "end": "00:32:05", "text": "If you want it to go up, you start"}, {"start": "00:32:01", "end": "00:32:08", "text": "buying and don't ask questions. That's"}, {"start": "00:32:05", "end": "00:32:08", "text": "really it."}, {"start": "00:32:29", "end": "00:32:34", "text": "Black Friday plans for Black Friday's"}, {"start": "00:32:32", "end": "00:32:37", "text": "November"}, {"start": "00:32:34", "end": "00:32:39", "text": "five months. No, I'm not thinking about"}, {"start": "00:32:37", "end": "00:32:41", "text": "that right now. And I haven't thought"}, {"start": "00:32:39", "end": "00:32:43", "text": "about buying anything on Black Friday"}, {"start": "00:32:41", "end": "00:32:46", "text": "for"}, {"start": "00:32:43", "end": "00:32:49", "text": "a decade. Is that even a thing there? No"}, {"start": "00:32:46", "end": "00:32:51", "text": "one stands in lines and waits until"}, {"start": "00:32:49", "end": "00:32:53", "text": "Black Friday comes out. You You could"}, {"start": "00:32:51", "end": "00:32:56", "text": "pretty much buy anything any time on"}, {"start": "00:32:53", "end": "00:32:58", "text": "sale. Like Black Friday has lost all"}, {"start": "00:32:56", "end": "00:33:01", "text": "meaning. The only thing fun is if you"}, {"start": "00:32:58", "end": "00:33:02", "text": "wanted to go out to the stores and see"}, {"start": "00:33:01", "end": "00:33:05", "text": "all these signs that say Black Friday,"}, {"start": "00:33:02", "end": "00:33:08", "text": "but like even then it's like kind of"}, {"start": "00:33:05", "end": "00:33:10", "text": "pathetic now. There's no lines at all."}, {"start": "00:33:08", "end": "00:33:11", "text": "It's just like they have all these"}, {"start": "00:33:10", "end": "00:33:15", "text": "sales, but like they're not really"}, {"start": "00:33:11", "end": "00:33:19", "text": "great. It used to be a thing. Like I I I"}, {"start": "00:33:15", "end": "00:33:20", "text": "used to enjoy it like decades ago when"}, {"start": "00:33:19", "end": "00:33:23", "text": "you still had to wait in line. You go"}, {"start": "00:33:20", "end": "00:33:25", "text": "into like a Target and it's like crazy"}, {"start": "00:33:23", "end": "00:33:28", "text": "packed and everyone's like trying to get"}, {"start": "00:33:25", "end": "00:33:30", "text": "something. You know, you kind of miss"}, {"start": "00:33:28", "end": "00:33:33", "text": "those days. Well, I at least I do. But"}, {"start": "00:33:30", "end": "00:33:36", "text": "now it's like that doesn't happen"}, {"start": "00:33:33", "end": "00:33:36", "text": "anymore."}, {"start": "00:33:49", "end": "00:33:52", "text": "I'm a member on my other YouTube"}, {"start": "00:33:51", "end": "00:33:55", "text": "channel, but I'm blocked from commenting"}, {"start": "00:33:52", "end": "00:33:58", "text": "on a chat. You probably got blocked for"}, {"start": "00:33:55", "end": "00:34:02", "text": "something. So, I'm sorry, but at least"}, {"start": "00:33:58", "end": "00:34:02", "text": "you're here with your other channel."}, {"start": "00:34:04", "end": "00:34:09", "text": "Right now, it's like Black Friday, okay?"}, {"start": "00:34:07", "end": "00:34:13", "text": "Like, right now it's Black Friday for"}, {"start": "00:34:09", "end": "00:34:17", "text": "crypto. So you could buy soul is like at"}, {"start": "00:34:13", "end": "00:34:20", "text": "what it's like less than half of what it"}, {"start": "00:34:17", "end": "00:34:22", "text": "was earlier this year. That's a big"}, {"start": "00:34:20", "end": "00:34:25", "text": "black Friday sale right there. And you"}, {"start": "00:34:22", "end": "00:34:28", "text": "could say the same thing about ETH. You"}, {"start": "00:34:25", "end": "00:34:31", "text": "know, ETH being under 2,000 is a steal."}, {"start": "00:34:28", "end": "00:34:34", "text": "Sold under 100 is a steal. Bitcoin under"}, {"start": "00:34:31", "end": "00:34:37", "text": "a 100red is a steal."}, {"start": "00:34:34", "end": "00:34:39", "text": "So a lot of Black Friday deals going on"}, {"start": "00:34:37", "end": "00:34:41", "text": "right now."}, {"start": "00:34:39", "end": "00:34:43", "text": "But there are just too many bearish"}, {"start": "00:34:41", "end": "00:34:45", "text": "people."}, {"start": "00:34:43", "end": "00:34:48", "text": "They seem to have given up. They It's"}, {"start": "00:34:45", "end": "00:34:51", "text": "like more bear. It feels honestly more"}, {"start": "00:34:48", "end": "00:34:55", "text": "bearish now than when Bitcoin was at 15K"}, {"start": "00:34:51", "end": "00:34:58", "text": "below 20K in the last bare cycle. It It"}, {"start": "00:34:55", "end": "00:35:02", "text": "feels more bearish than that. Like"}, {"start": "00:34:58", "end": "00:35:05", "text": "honestly, I don't know why,"}, {"start": "00:35:02", "end": "00:35:10", "text": "but so many people have turned so"}, {"start": "00:35:05", "end": "00:35:14", "text": "bearish yet we're 4x 5x higher than the"}, {"start": "00:35:10", "end": "00:35:15", "text": "low of 2022. 2022, 2023, which actually"}, {"start": "00:35:14", "end": "00:35:20", "text": "was just only two, three years ago."}, {"start": "00:35:15", "end": "00:35:20", "text": "Wasn't even that long ago."}, {"start": "00:35:40", "end": "00:35:47", "text": "I think it's because our bull run was"}, {"start": "00:35:42", "end": "00:35:49", "text": "cut short maybe. But"}, {"start": "00:35:47", "end": "00:35:53", "text": "still, it shouldn't be this bad. Just"}, {"start": "00:35:49", "end": "00:35:56", "text": "seems like all retail have left. like re"}, {"start": "00:35:53", "end": "00:35:58", "text": "there's like no retail anymore. It's"}, {"start": "00:35:56", "end": "00:36:01", "text": "only being driven by institutions now,"}, {"start": "00:35:58", "end": "00:36:03", "text": "which isn't shouldn't be the case. I"}, {"start": "00:36:01", "end": "00:36:04", "text": "knew it was going to happen, but I"}, {"start": "00:36:03", "end": "00:36:06", "text": "thought it would be longer. Like"}, {"start": "00:36:04", "end": "00:36:08", "text": "institutions eventually would take over,"}, {"start": "00:36:06", "end": "00:36:10", "text": "but Bitcoin"}, {"start": "00:36:08", "end": "00:36:13", "text": "and crypto has always been led by"}, {"start": "00:36:10", "end": "00:36:16", "text": "retail, right? But like retail just"}, {"start": "00:36:13", "end": "00:36:18", "text": "seems to have gone away"}, {"start": "00:36:16", "end": "00:36:21", "text": "and"}, {"start": "00:36:18", "end": "00:36:22", "text": "not really coming back."}, {"start": "00:36:21", "end": "00:36:24", "text": "Even the younger generation, they're not"}, {"start": "00:36:22", "end": "00:36:29", "text": "really even concentrate on crypto"}, {"start": "00:36:24", "end": "00:36:32", "text": "either, you know. So, it's kind of"}, {"start": "00:36:29", "end": "00:36:34", "text": "kind of weird. We're in a weird spot."}, {"start": "00:36:32", "end": "00:36:36", "text": "But, you know, like with anything else,"}, {"start": "00:36:34", "end": "00:36:38", "text": "when FOMO hits, when the capital"}, {"start": "00:36:36", "end": "00:36:40", "text": "rotation flows back, you're going to"}, {"start": "00:36:38", "end": "00:36:42", "text": "have more retail coming in once again"}, {"start": "00:36:40", "end": "00:36:45", "text": "and stuff. But, like right now, it's"}, {"start": "00:36:42", "end": "00:36:45", "text": "just like so"}, {"start": "00:36:46", "end": "00:36:52", "text": "so much bearishness. I'll just say that."}, {"start": "00:37:08", "end": "00:37:12", "text": "liquidations"}, {"start": "00:37:09", "end": "00:37:14", "text": "on our side. Finally,"}, {"start": "00:37:12", "end": "00:37:18", "text": "554"}, {"start": "00:37:14", "end": "00:37:21", "text": "million wrecked in the last 24 hours."}, {"start": "00:37:18", "end": "00:37:25", "text": "And most of that, almost all of it is on"}, {"start": "00:37:21", "end": "00:37:29", "text": "a short side. So, we finally got some"}, {"start": "00:37:25", "end": "00:37:32", "text": "good news. A little bit of short"}, {"start": "00:37:29", "end": "00:37:34", "text": "squeeze. Okay,"}, {"start": "00:37:32", "end": "00:37:36", "text": "we have way too much of longs being"}, {"start": "00:37:34", "end": "00:37:38", "text": "liquidated. It's about time the shorts"}, {"start": "00:37:36", "end": "00:37:41", "text": "get liquidated. Get a taste of its own"}, {"start": "00:37:38", "end": "00:37:41", "text": "medicine."}, {"start": "00:37:53", "end": "00:37:59", "text": "What about fast food? That's American,"}, {"start": "00:37:55", "end": "00:38:01", "text": "isn't it? McDonald's was the number one."}, {"start": "00:37:59", "end": "00:38:04", "text": "I guess franchises is an American thing,"}, {"start": "00:38:01", "end": "00:38:06", "text": "but like if you look at the the food"}, {"start": "00:38:04", "end": "00:38:09", "text": "that this the franchises are selling are"}, {"start": "00:38:06", "end": "00:38:10", "text": "not really American at all. I mean, I"}, {"start": "00:38:09", "end": "00:38:12", "text": "don't even really know what American"}, {"start": "00:38:10", "end": "00:38:15", "text": "food is. I mean, definitions have"}, {"start": "00:38:12", "end": "00:38:17", "text": "changed. Like a hamburger"}, {"start": "00:38:15", "end": "00:38:20", "text": "or French fries. Are they really"}, {"start": "00:38:17", "end": "00:38:21", "text": "American? Hamburger is a German name,"}, {"start": "00:38:20", "end": "00:38:24", "text": "but I don't know who came up with that"}, {"start": "00:38:21", "end": "00:38:26", "text": "first hamburger. French fries is French"}, {"start": "00:38:24", "end": "00:38:30", "text": "in there, but I know that it's not a"}, {"start": "00:38:26", "end": "00:38:34", "text": "French food. I think it is American, but"}, {"start": "00:38:30", "end": "00:38:36", "text": "it's like it's hard to tell, right? But"}, {"start": "00:38:34", "end": "00:38:38", "text": "where can you get the best burgers on"}, {"start": "00:38:36", "end": "00:38:41", "text": "the planet? Definitely in the US for"}, {"start": "00:38:38", "end": "00:38:43", "text": "sure. The biggest, fattiest, the"}, {"start": "00:38:41", "end": "00:38:46", "text": "juiciest,"}, {"start": "00:38:43", "end": "00:38:48", "text": "the most tender burgers are here in the"}, {"start": "00:38:46", "end": "00:38:50", "text": "US."}, {"start": "00:38:48", "end": "00:38:51", "text": "So, is it American food? I would say at"}, {"start": "00:38:50", "end": "00:38:53", "text": "this point, yes, definitely. But the"}, {"start": "00:38:51", "end": "00:38:56", "text": "name isn't."}, {"start": "00:38:53", "end": "00:38:59", "text": "So,"}, {"start": "00:38:56", "end": "00:39:01", "text": "like smoked ribs and like big tomahawk"}, {"start": "00:38:59", "end": "00:39:06", "text": "steaks,"}, {"start": "00:39:01", "end": "00:39:11", "text": "you know, these are like big sausages."}, {"start": "00:39:06", "end": "00:39:11", "text": "Uh, these are all definitely American"}, {"start": "00:39:12", "end": "00:39:18", "text": "at this point at least. Maybe it didn't"}, {"start": "00:39:14", "end": "00:39:18", "text": "start out that way, but at this point"}, {"start": "00:39:27", "end": "00:39:32", "text": "brisket Philly cheese steak. Yeah, these"}, {"start": "00:39:30", "end": "00:39:36", "text": "are it. Hot dogs. I don't know if hot"}, {"start": "00:39:32", "end": "00:39:37", "text": "dogs are they're a type of sausage or"}, {"start": "00:39:36", "end": "00:39:39", "text": "maybe you could argue a type of"}, {"start": "00:39:37", "end": "00:39:43", "text": "sandwich,"}, {"start": "00:39:39", "end": "00:39:44", "text": "right? I don't know. Like 150 hot dogs,"}, {"start": "00:39:43", "end": "00:39:47", "text": "you're not going to get that anywhere"}, {"start": "00:39:44", "end": "00:39:50", "text": "but Costco."}, {"start": "00:39:47", "end": "00:39:55", "text": "A big giant like"}, {"start": "00:39:50", "end": "00:39:56", "text": "hot dog for a $150 plus a drink."}, {"start": "00:39:55", "end": "00:39:58", "text": "That's American, right? You're not going"}, {"start": "00:39:56", "end": "00:40:00", "text": "to find that anywhere else. Maybe in"}, {"start": "00:39:58", "end": "00:40:02", "text": "Costos in other countries, but I've been"}, {"start": "00:40:00", "end": "00:40:04", "text": "to Costos in other countries. I don't"}, {"start": "00:40:02", "end": "00:40:08", "text": "remember seeing a hot dog for 150."}, {"start": "00:40:04", "end": "00:40:08", "text": "That's definitely American."}, {"start": "00:40:37", "end": "00:40:47", "text": "man. Space tax continues to go higher"}, {"start": "00:40:41", "end": "00:40:47", "text": "8% today. 174. It debuted at 135."}, {"start": "00:40:48", "end": "00:40:53", "text": "They are now worth 2.28 trillion."}, {"start": "00:40:54", "end": "00:40:59", "text": "Where stock screener?"}, {"start": "00:41:01", "end": "00:41:06", "text": "Yeah, they're number number eight"}, {"start": "00:41:04", "end": "00:41:11", "text": "slightly below TSM"}, {"start": "00:41:06", "end": "00:41:11", "text": "and slightly below Amazon."}, {"start": "00:41:23", "end": "00:41:27", "text": "As a kid in summertime, I remember"}, {"start": "00:41:25", "end": "00:41:29", "text": "drinking water out of a hose and now we"}, {"start": "00:41:27", "end": "00:41:31", "text": "got to spend $4 and to get some kind of"}, {"start": "00:41:29", "end": "00:41:33", "text": "infused water. Hey, you can still drink"}, {"start": "00:41:31", "end": "00:41:35", "text": "water out of a hose, but I think data"}, {"start": "00:41:33", "end": "00:41:38", "text": "has shown that's probably not a good"}, {"start": "00:41:35", "end": "00:41:43", "text": "idea to drink it out of a hose. But, you"}, {"start": "00:41:38", "end": "00:41:43", "text": "know, you still can."}, {"start": "00:41:45", "end": "00:41:50", "text": "I don't know."}, {"start": "00:41:47", "end": "00:41:52", "text": "It's a different world for sure. One"}, {"start": "00:41:50", "end": "00:41:55", "text": "thing that I do like, but I also don't"}, {"start": "00:41:52", "end": "00:41:58", "text": "like, I don't know how many of you guys"}, {"start": "00:41:55", "end": "00:42:00", "text": "have uh teenagers"}, {"start": "00:41:58", "end": "00:42:05", "text": "or kids in that area, like 10"}, {"start": "00:42:00", "end": "00:42:06", "text": "yearear-old, 11, 12, you know, like"}, {"start": "00:42:05", "end": "00:42:09", "text": "one thing for sure, when we were"}, {"start": "00:42:06", "end": "00:42:10", "text": "younger, everyone liked to bike around."}, {"start": "00:42:09", "end": "00:42:12", "text": "Everyone liked to just hang out with"}, {"start": "00:42:10", "end": "00:42:14", "text": "their friends and just like go over to"}, {"start": "00:42:12", "end": "00:42:17", "text": "people's houses and stuff. And for a"}, {"start": "00:42:14", "end": "00:42:20", "text": "long time, that seems to have stopped,"}, {"start": "00:42:17", "end": "00:42:22", "text": "right? like somehow it just stopped."}, {"start": "00:42:20", "end": "00:42:24", "text": "People just because of phones or"}, {"start": "00:42:22", "end": "00:42:26", "text": "computers or whatever, a lot of kids"}, {"start": "00:42:24", "end": "00:42:29", "text": "just hang outside. But there's a new"}, {"start": "00:42:26", "end": "00:42:31", "text": "trend that started and I don't know"}, {"start": "00:42:29", "end": "00:42:34", "text": "when, maybe last year or this year with"}, {"start": "00:42:31", "end": "00:42:38", "text": "electric bikes."}, {"start": "00:42:34", "end": "00:42:42", "text": "Now my kids and all their friends are"}, {"start": "00:42:38", "end": "00:42:46", "text": "all into electric bikes and and they're"}, {"start": "00:42:42", "end": "00:42:48", "text": "out all day every day hanging out with"}, {"start": "00:42:46", "end": "00:42:49", "text": "their electric bikes. And the the most"}, {"start": "00:42:48", "end": "00:42:52", "text": "popular thing is to learning how to do a"}, {"start": "00:42:49", "end": "00:42:55", "text": "wheelie and all these crazy tricks that"}, {"start": "00:42:52", "end": "00:42:58", "text": "are that look quite dangerous. But it"}, {"start": "00:42:55", "end": "00:43:01", "text": "has rotated into that now where like"}, {"start": "00:42:58", "end": "00:43:02", "text": "kids don't really bike. they just go on"}, {"start": "00:43:01", "end": "00:43:06", "text": "their electric bikes and then they hang"}, {"start": "00:43:02", "end": "00:43:08", "text": "out and do stuff. So, in a way it's good"}, {"start": "00:43:06", "end": "00:43:10", "text": "that the kids are out of the house, but"}, {"start": "00:43:08", "end": "00:43:13", "text": "in a way it's bad because they're like"}, {"start": "00:43:10", "end": "00:43:17", "text": "out of the house for too long now."}, {"start": "00:43:13", "end": "00:43:19", "text": "So, that has rotated back."}, {"start": "00:43:17", "end": "00:43:22", "text": "It's kind of funny how that that has"}, {"start": "00:43:19", "end": "00:43:22", "text": "happened."}, {"start": "00:43:27", "end": "00:43:31", "text": "Ashley says, \"I don't think Israel is"}, {"start": "00:43:29", "end": "00:43:32", "text": "going to stop attacking Lebanon. So,"}, {"start": "00:43:31", "end": "00:43:36", "text": "this sabotage this will sabotage the"}, {"start": "00:43:32", "end": "00:43:38", "text": "deal.\" You know, at some point, I think"}, {"start": "00:43:36", "end": "00:43:40", "text": "already Trump already told Netanyahu"}, {"start": "00:43:38", "end": "00:43:41", "text": "like, \"You better cut it out because if"}, {"start": "00:43:40", "end": "00:43:43", "text": "you don't, we're not going to help you"}, {"start": "00:43:41", "end": "00:43:45", "text": "anymore.\" So, at some point, Trump is"}, {"start": "00:43:43", "end": "00:43:48", "text": "going to have to put his foot down and"}, {"start": "00:43:45", "end": "00:43:51", "text": "tell that to Israel. otherwise if they"}, {"start": "00:43:48", "end": "00:43:54", "text": "do continue to attack Lebanon and this"}, {"start": "00:43:51", "end": "00:43:56", "text": "stops this deal thing"}, {"start": "00:43:54", "end": "00:43:59", "text": "um"}, {"start": "00:43:56", "end": "00:44:00", "text": "it's not gonna be good obviously and I"}, {"start": "00:43:59", "end": "00:44:02", "text": "think he knows that and I think he"}, {"start": "00:44:00", "end": "00:44:06", "text": "already had that conversation as whether"}, {"start": "00:44:02", "end": "00:44:06", "text": "or not Israel is going to listen"}, {"start": "00:44:13", "end": "00:44:18", "text": "yeah like everyone's into ebikes now I'm"}, {"start": "00:44:16", "end": "00:44:21", "text": "I'm kind of interested than an ebikes. I"}, {"start": "00:44:18", "end": "00:44:24", "text": "have one. My wife has one. My kids have"}, {"start": "00:44:21", "end": "00:44:28", "text": "it. I just helped my kid convert his his"}, {"start": "00:44:24", "end": "00:44:31", "text": "uh bike to uh electric and that thing is"}, {"start": "00:44:28", "end": "00:44:33", "text": "just crazy. It just goes way too fast."}, {"start": "00:44:31", "end": "00:44:36", "text": "Um but that's the thing now. Everyone"}, {"start": "00:44:33", "end": "00:44:38", "text": "wants one and it's cool to have, but now"}, {"start": "00:44:36", "end": "00:44:40", "text": "that you know there's all these crazy"}, {"start": "00:44:38", "end": "00:44:42", "text": "ones that look like electric dirt bikes."}, {"start": "00:44:40", "end": "00:44:43", "text": "They all look like electric dirt bike."}, {"start": "00:44:42", "end": "00:44:45", "text": "Not all of them, but like the cool ones"}, {"start": "00:44:43", "end": "00:44:47", "text": "and everyone wants it. And you can"}, {"start": "00:44:45", "end": "00:44:48", "text": "actually ride some of them on the"}, {"start": "00:44:47", "end": "00:44:51", "text": "street. They're so fast. You can ride"}, {"start": "00:44:48", "end": "00:44:56", "text": "them just like as normal bikes,"}, {"start": "00:44:51", "end": "00:44:58", "text": "but it's hard to get them um um"}, {"start": "00:44:56", "end": "00:45:00", "text": "hard to get them on the road. Like you"}, {"start": "00:44:58", "end": "00:45:03", "text": "have to get a license and insurance and"}, {"start": "00:45:00", "end": "00:45:05", "text": "have to make them road legal and and uh"}, {"start": "00:45:03", "end": "00:45:08", "text": "you got to have a title and all this"}, {"start": "00:45:05", "end": "00:45:11", "text": "stuff, which is difficult sometimes when"}, {"start": "00:45:08", "end": "00:45:15", "text": "you're importing them."}, {"start": "00:45:11", "end": "00:45:16", "text": "But they they look damn cool."}, {"start": "00:45:15", "end": "00:45:18", "text": "just around the suburbs where you go"}, {"start": "00:45:16", "end": "00:45:20", "text": "where to go ride. You know, this is"}, {"start": "00:45:18", "end": "00:45:23", "text": "again if you're living out in a farm"}, {"start": "00:45:20", "end": "00:45:23", "text": "country,"}, {"start": "00:45:23", "end": "00:45:27", "text": "it'll be really cool. You just ride"}, {"start": "00:45:25", "end": "00:45:32", "text": "wherever, right? But like in the suburb,"}, {"start": "00:45:27", "end": "00:45:32", "text": "it's just nowhere to go."}, {"start": "00:45:45", "end": "00:45:49", "text": "Yeah, the all the kids all talk about"}, {"start": "00:45:47", "end": "00:45:52", "text": "Surons. Now I know all of them. The"}, {"start": "00:45:49", "end": "00:45:55", "text": "light B and then like the Ultra B. Ultra"}, {"start": "00:45:52", "end": "00:45:57", "text": "B is the one everyone wants to get. Goes"}, {"start": "00:45:55", "end": "00:45:59", "text": "up to 60 miles per hour, but there's"}, {"start": "00:45:57", "end": "00:46:02", "text": "some that are even crazier. It goes to"}, {"start": "00:45:59", "end": "00:46:04", "text": "like 70 and stuff like that. You know,"}, {"start": "00:46:02", "end": "00:46:09", "text": "going that fast on a bike is crazy. Like"}, {"start": "00:46:04", "end": "00:46:10", "text": "I I with my kids bike, I went up to 40."}, {"start": "00:46:09", "end": "00:46:12", "text": "The brakes definitely can't handle it."}, {"start": "00:46:10", "end": "00:46:14", "text": "So, we have to upgrade the brakes. But"}, {"start": "00:46:12", "end": "00:46:18", "text": "going up to 40 on a bike is scary as"}, {"start": "00:46:14", "end": "00:46:20", "text": "hell. It's way too fast for a bike. Um"}, {"start": "00:46:18", "end": "00:46:22", "text": "I'm not even sure the mountain bike"}, {"start": "00:46:20", "end": "00:46:26", "text": "tires can handle 40. So I told them not"}, {"start": "00:46:22", "end": "00:46:27", "text": "to go up that high, you know, like"}, {"start": "00:46:26", "end": "00:46:29", "text": "they're they're trying to change the"}, {"start": "00:46:27", "end": "00:46:32", "text": "regulations and rules around how fast"}, {"start": "00:46:29", "end": "00:46:35", "text": "kids could go. You got to be above 18"}, {"start": "00:46:32", "end": "00:46:37", "text": "16. Uh if you go above too fast, you"}, {"start": "00:46:35", "end": "00:46:40", "text": "have to get license insurance and stuff"}, {"start": "00:46:37", "end": "00:46:42", "text": "like that. And I, you know, at face"}, {"start": "00:46:40", "end": "00:46:45", "text": "value it seems like a stupid kids should"}, {"start": "00:46:42", "end": "00:46:47", "text": "be kids and you know the government's"}, {"start": "00:46:45", "end": "00:46:50", "text": "just looking for more ways to make"}, {"start": "00:46:47", "end": "00:46:52", "text": "money, which is true, but some of these"}, {"start": "00:46:50", "end": "00:46:55", "text": "kids do need to be"}, {"start": "00:46:52", "end": "00:46:57", "text": "like limited. They're going way too"}, {"start": "00:46:55", "end": "00:47:00", "text": "fast. They're way too irresponsible. You"}, {"start": "00:46:57", "end": "00:47:01", "text": "see a lot of these like crazy injuries"}, {"start": "00:47:00", "end": "00:47:04", "text": "and crashes and stuff like that that"}, {"start": "00:47:01", "end": "00:47:05", "text": "happen all the time."}, {"start": "00:47:04", "end": "00:47:09", "text": "Um,"}, {"start": "00:47:05", "end": "00:47:09", "text": "so yeah."}, {"start": "00:47:13", "end": "00:47:18", "text": "I took my son's son LBX for a ride this"}, {"start": "00:47:16", "end": "00:47:21", "text": "weekend. It was so fun. Yeah, it's like"}, {"start": "00:47:18", "end": "00:47:24", "text": "they are fun. I would love to get like a"}, {"start": "00:47:21", "end": "00:47:27", "text": "dirt electric bike and just take my sons"}, {"start": "00:47:24", "end": "00:47:29", "text": "out to like like a field somewhere or"}, {"start": "00:47:27", "end": "00:47:31", "text": "something or like some kind of forest"}, {"start": "00:47:29", "end": "00:47:33", "text": "trail that's empty and just like go ride"}, {"start": "00:47:31", "end": "00:47:36", "text": "in it. Like that would be really fun."}, {"start": "00:47:33", "end": "00:47:40", "text": "Um, I don't know where, but I'm thinking"}, {"start": "00:47:36", "end": "00:47:40", "text": "about it."}, {"start": "00:47:51", "end": "00:47:55", "text": "Mark is still looking good."}, {"start": "00:48:18", "end": "00:48:21", "text": "especially"}, {"start": "00:48:26", "end": "00:48:30", "text": "in uh LA"}, {"start": "00:48:28", "end": "00:48:31", "text": "and California. I don't know about rest"}, {"start": "00:48:30", "end": "00:48:35", "text": "of California, but there's there's"}, {"start": "00:48:31", "end": "00:48:36", "text": "videos of like hundreds of"}, {"start": "00:48:35", "end": "00:48:40", "text": "teenagers getting on their bike and"}, {"start": "00:48:36", "end": "00:48:42", "text": "doing gatherings like, you know, like"}, {"start": "00:48:40", "end": "00:48:44", "text": "almost like a biker gang kind of thing."}, {"start": "00:48:42", "end": "00:48:45", "text": "And then they like do crazy stuff in the"}, {"start": "00:48:44", "end": "00:48:48", "text": "street and then some of them go on the"}, {"start": "00:48:45", "end": "00:48:51", "text": "highway and stuff like that's like it's"}, {"start": "00:48:48", "end": "00:48:54", "text": "cool and all to do a meet but some of"}, {"start": "00:48:51", "end": "00:48:57", "text": "them just go crazy and I've seen like"}, {"start": "00:48:54", "end": "00:48:58", "text": "you know kids like try to do a wheelie"}, {"start": "00:48:57", "end": "00:49:01", "text": "they fall off and then all the people"}, {"start": "00:48:58", "end": "00:49:03", "text": "around them like run over them and they"}, {"start": "00:49:01", "end": "00:49:07", "text": "all get injured like it happens all the"}, {"start": "00:49:03", "end": "00:49:09", "text": "time. So that's the thing,"}, {"start": "00:49:07", "end": "00:49:11", "text": "you know, it's not like the same as a"}, {"start": "00:49:09", "end": "00:49:13", "text": "pedal bike and you do wheelies, you fall"}, {"start": "00:49:11", "end": "00:49:15", "text": "off, it really doesn't matter. But these"}, {"start": "00:49:13", "end": "00:49:18", "text": "guys are going 30, 40 miles per hour"}, {"start": "00:49:15", "end": "00:49:22", "text": "while doing it. Um,"}, {"start": "00:49:18", "end": "00:49:22", "text": "it's kind of different story."}, {"start": "00:49:24", "end": "00:49:29", "text": "Slim, stop asking, man."}, {"start": "00:49:26", "end": "00:49:32", "text": "I know you're a Clash guy, but asking me"}, {"start": "00:49:29", "end": "00:49:34", "text": "to shill it is not going to help. It"}, {"start": "00:49:32", "end": "00:49:40", "text": "only hurts and it quite honestly annoys"}, {"start": "00:49:34", "end": "00:49:44", "text": "me. If you like Clash, use it. Buy it."}, {"start": "00:49:40", "end": "00:49:44", "text": "Stop asking me to shill it."}, {"start": "00:50:23", "end": "00:50:31", "text": "I spent a lot of this weekend, almost my"}, {"start": "00:50:27", "end": "00:50:33", "text": "like 80% of my time this weekend"}, {"start": "00:50:31", "end": "00:50:35", "text": "improving the answers on ask. So"}, {"start": "00:50:33", "end": "00:50:37", "text": "hopefully you guys been using it. I"}, {"start": "00:50:35", "end": "00:50:39", "text": "think I am going to open up"}, {"start": "00:50:37", "end": "00:50:43", "text": "subscriptions"}, {"start": "00:50:39", "end": "00:50:45", "text": "this week because the platform is damn"}, {"start": "00:50:43", "end": "00:50:48", "text": "good"}, {"start": "00:50:45", "end": "00:50:51", "text": "and what I I mean I it's hard for me to"}, {"start": "00:50:48", "end": "00:50:53", "text": "improve upon it at this point. But the"}, {"start": "00:50:51", "end": "00:50:56", "text": "answers are really quick,"}, {"start": "00:50:53", "end": "00:50:59", "text": "really fast, really good in the agent"}, {"start": "00:50:56", "end": "00:51:02", "text": "mode and non-aggent mode and you could"}, {"start": "00:50:59", "end": "00:51:04", "text": "literally about ask about anything."}, {"start": "00:51:02", "end": "00:51:06", "text": "So,"}, {"start": "00:51:04", "end": "00:51:08", "text": "not only that, all the tools,"}, {"start": "00:51:06", "end": "00:51:10", "text": "intelligence, and everything. Like, I"}, {"start": "00:51:08", "end": "00:51:12", "text": "don't think people use the agent mode"}, {"start": "00:51:10", "end": "00:51:14", "text": "enough. The agent mode is actually"}, {"start": "00:51:12", "end": "00:51:16", "text": "really good."}, {"start": "00:51:14", "end": "00:51:20", "text": "Like, you could really ask about"}, {"start": "00:51:16", "end": "00:51:23", "text": "anything that that you ask me here, the"}, {"start": "00:51:20", "end": "00:51:25", "text": "agent mode is like your personal agent"}, {"start": "00:51:23", "end": "00:51:27", "text": "that will actually just do stuff,"}, {"start": "00:51:25", "end": "00:51:30", "text": "remember your conversations. if you"}, {"start": "00:51:27", "end": "00:51:34", "text": "wanted to build something, okay, either"}, {"start": "00:51:30", "end": "00:51:38", "text": "a new portfolio or just back and forth"}, {"start": "00:51:34", "end": "00:51:41", "text": "with something, it's all in here."}, {"start": "00:51:38", "end": "00:51:44", "text": "So, I'm gonna expand upon this, but"}, {"start": "00:51:41", "end": "00:51:47", "text": "the answers, anything you could think of"}, {"start": "00:51:44", "end": "00:51:50", "text": "in crypto and stocks and finance,"}, {"start": "00:51:47", "end": "00:51:54", "text": "um, even like with bikes or anything"}, {"start": "00:51:50", "end": "00:51:58", "text": "that you can think of, cooking, food,"}, {"start": "00:51:54", "end": "00:52:01", "text": "it can pretty much answer immediately"}, {"start": "00:51:58", "end": "00:52:03", "text": "and be very good at it."}, {"start": "00:52:01", "end": "00:52:05", "text": "So, hopefully you guys are using it"}, {"start": "00:52:03", "end": "00:52:07", "text": "more."}, {"start": "00:52:05", "end": "00:52:09", "text": "And if you haven't tried it, you should."}, {"start": "00:52:07", "end": "00:52:12", "text": "It's been optimized as much as I can"}, {"start": "00:52:09", "end": "00:52:12", "text": "really."}, {"start": "00:52:33", "end": "00:52:38", "text": "Uh, no, I'm not involved with karate"}, {"start": "00:52:35", "end": "00:52:41", "text": "combat. separated with them over a year"}, {"start": "00:52:38", "end": "00:52:44", "text": "ago. Things weren't"}, {"start": "00:52:41", "end": "00:52:48", "text": "weren't going well. Let's just say that."}, {"start": "00:52:44", "end": "00:52:48", "text": "Uh so, no."}, {"start": "00:52:51", "end": "00:52:58", "text": "All right, guys. I'll let you go."}, {"start": "00:52:54", "end": "00:53:02", "text": "Overall, it's a pretty good day."}, {"start": "00:52:58", "end": "00:53:05", "text": "Pretty good day all around."}, {"start": "00:53:02", "end": "00:53:07", "text": "good recovery even though we're still"}, {"start": "00:53:05", "end": "00:53:10", "text": "quite low which is actually a good thing"}, {"start": "00:53:07", "end": "00:53:13", "text": "because"}, {"start": "00:53:10", "end": "00:53:16", "text": "still opportunity to get in. Okay, we're"}, {"start": "00:53:13", "end": "00:53:19", "text": "at 66,000 which is still mindboggling to"}, {"start": "00:53:16", "end": "00:53:21", "text": "me that we're this low. There's so much"}, {"start": "00:53:19", "end": "00:53:23", "text": "fear. There's still so much misery. A"}, {"start": "00:53:21", "end": "00:53:26", "text": "lot of people just want to keep"}, {"start": "00:53:23", "end": "00:53:27", "text": "spreading it."}, {"start": "00:53:26", "end": "00:53:29", "text": "They want to take the joy out of"}, {"start": "00:53:27", "end": "00:53:32", "text": "everything. They don't see the bigger"}, {"start": "00:53:29", "end": "00:53:34", "text": "picture, but most of you guys do. So, I"}, {"start": "00:53:32", "end": "00:53:36", "text": "know that's why you're here, right? But"}, {"start": "00:53:34", "end": "00:53:38", "text": "today is a good reminder of what can"}, {"start": "00:53:36", "end": "00:53:42", "text": "come really fast. When we to turn"}, {"start": "00:53:38", "end": "00:53:45", "text": "around, it can come really fast."}, {"start": "00:53:42", "end": "00:53:45", "text": "And"}, {"start": "00:53:46", "end": "00:53:50", "text": "you know, it looks like it could happen"}, {"start": "00:53:48", "end": "00:53:54", "text": "with the war ending. Let's hope that"}, {"start": "00:53:50", "end": "00:53:55", "text": "that happens this week. Seems like all"}, {"start": "00:53:54", "end": "00:53:59", "text": "the"}, {"start": "00:53:55", "end": "00:54:00", "text": "all the details have been mapped out."}, {"start": "00:53:59", "end": "00:54:02", "text": "It's just a matter of getting the"}, {"start": "00:54:00", "end": "00:54:05", "text": "parties to sign."}, {"start": "00:54:02", "end": "00:54:09", "text": "And with oil coming down, inflation"}, {"start": "00:54:05", "end": "00:54:11", "text": "coming down, and capital rotation coming"}, {"start": "00:54:09", "end": "00:54:13", "text": "back,"}, {"start": "00:54:11", "end": "00:54:16", "text": "these are all great things. All right,"}, {"start": "00:54:13", "end": "00:54:21", "text": "guys. Smash it a like, subscribe to the"}, {"start": "00:54:16", "end": "00:54:21", "text": "channel, have a good one. Take care."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Welcome to another Sunday video. Uh we"}, {"start": "00:00:03", "end": "00:00:07", "text": "have a lot of things to talk about. Wrap"}, {"start": "00:00:05", "end": "00:00:11", "text": "up what happened last week, what just"}, {"start": "00:00:07", "end": "00:00:13", "text": "happened now, and what to expect this"}, {"start": "00:00:11", "end": "00:00:15", "text": "coming week."}, {"start": "00:00:13", "end": "00:00:17", "text": "So, what happened last week? Well, last"}, {"start": "00:00:15", "end": "00:00:19", "text": "week wasn't good. All right. Obviously,"}, {"start": "00:00:17", "end": "00:00:20", "text": "we fell down. Well, it wasn't just last"}, {"start": "00:00:19", "end": "00:00:23", "text": "week. Last week wasn't bad, but we're"}, {"start": "00:00:20", "end": "00:00:25", "text": "just kind of holding. Um but the week"}, {"start": "00:00:23", "end": "00:00:28", "text": "before was really bad. And and last"}, {"start": "00:00:25", "end": "00:00:30", "text": "week, of course, we had the big SpaceX"}, {"start": "00:00:28", "end": "00:00:32", "text": "IPO, which"}, {"start": "00:00:30", "end": "00:00:35", "text": "I still feel like too way too many"}, {"start": "00:00:32", "end": "00:00:38", "text": "people fumbled in. Um,"}, {"start": "00:00:35", "end": "00:00:40", "text": "you know, opening price was like 135. It"}, {"start": "00:00:38", "end": "00:00:42", "text": "ended up in like the 160, high 160s, and"}, {"start": "00:00:40", "end": "00:00:45", "text": "it was even higher than that. It was"}, {"start": "00:00:42", "end": "00:00:47", "text": "closing at 180. So now SpaceX is worth"}, {"start": "00:00:45", "end": "00:00:50", "text": "$2 something trillion dollars and makes"}, {"start": "00:00:47", "end": "00:00:53", "text": "Elon a trillionaire, which is crazy to"}, {"start": "00:00:50", "end": "00:00:55", "text": "think about. But I do think it's way too"}, {"start": "00:00:53", "end": "00:00:58", "text": "hyped up. There's a lot of like weird"}, {"start": "00:00:55", "end": "00:01:02", "text": "shenanigans going on like NASDAQ 100"}, {"start": "00:00:58", "end": "00:01:04", "text": "forcing funds to buy it and there's a"}, {"start": "00:01:02", "end": "00:01:10", "text": "lot of weird things happening. There's"}, {"start": "00:01:04", "end": "00:01:13", "text": "no doubt SpaceX and Starlink and and XAI"}, {"start": "00:01:10", "end": "00:01:16", "text": "and X, you know, they will continue to"}, {"start": "00:01:13", "end": "00:01:19", "text": "do their thing, but um but it was just"}, {"start": "00:01:16", "end": "00:01:21", "text": "like too overhyped, too much FOMO. We'll"}, {"start": "00:01:19", "end": "00:01:23", "text": "see what happens this week. I have a"}, {"start": "00:01:21", "end": "00:01:26", "text": "feeling it's going to come down. Um, so"}, {"start": "00:01:23", "end": "00:01:27", "text": "hopefully a lot of you guys did not FOMO"}, {"start": "00:01:26", "end": "00:01:29", "text": "in. I could be wrong and maybe a Monday,"}, {"start": "00:01:27", "end": "00:01:31", "text": "Tuesday and continues to go higher,"}, {"start": "00:01:29", "end": "00:01:34", "text": "which it can, especially with the"}, {"start": "00:01:31", "end": "00:01:36", "text": "breaking news I'm about to share. But"}, {"start": "00:01:34", "end": "00:01:39", "text": "overall, I do think with these very,"}, {"start": "00:01:36", "end": "00:01:41", "text": "very hyped up IPOs, they tend to be hot"}, {"start": "00:01:39", "end": "00:01:43", "text": "on opening day and then they come down"}, {"start": "00:01:41", "end": "00:01:45", "text": "and then they find a floor and then it"}, {"start": "00:01:43", "end": "00:01:46", "text": "comes back up. So for me, I'm gonna wait"}, {"start": "00:01:45", "end": "00:01:48", "text": "for that floor. I'm not gonna get in."}, {"start": "00:01:46", "end": "00:01:50", "text": "I'm not gonna touch it. I have a feeling"}, {"start": "00:01:48", "end": "00:01:52", "text": "it's gonna come down to maybe back to"}, {"start": "00:01:50", "end": "00:01:54", "text": "135. But it could go even lower than"}, {"start": "00:01:52", "end": "00:01:57", "text": "that. And once it finds footing, then"}, {"start": "00:01:54", "end": "00:01:59", "text": "I'll get in. But that's finally over"}, {"start": "00:01:57", "end": "00:02:02", "text": "because people have been waiting for it,"}, {"start": "00:01:59", "end": "00:02:04", "text": "clearing out or rotating capital,"}, {"start": "00:02:02", "end": "00:02:06", "text": "preparing for it for so long. And"}, {"start": "00:02:04", "end": "00:02:09", "text": "finally, it's over right now. Something"}, {"start": "00:02:06", "end": "00:02:12", "text": "else that relates to AI is Anthropic,"}, {"start": "00:02:09", "end": "00:02:14", "text": "who is also going to IPO. They're the"}, {"start": "00:02:12", "end": "00:02:16", "text": "founders of Quad."}, {"start": "00:02:14", "end": "00:02:18", "text": "uh they had their latest model, Fable,"}, {"start": "00:02:16", "end": "00:02:21", "text": "taken off the shelves. Okay, it was out"}, {"start": "00:02:18", "end": "00:02:22", "text": "for a few days. Everyone was using it."}, {"start": "00:02:21", "end": "00:02:25", "text": "In my opinion, it was good, but it"}, {"start": "00:02:22", "end": "00:02:27", "text": "wasn't like outstanding. It wasn't like"}, {"start": "00:02:25", "end": "00:02:29", "text": "so good that it's mythical. Um but"}, {"start": "00:02:27", "end": "00:02:31", "text": "people made it out to be like it. I was"}, {"start": "00:02:29", "end": "00:02:33", "text": "testing and using it. Uh it was very"}, {"start": "00:02:31", "end": "00:02:36", "text": "costly. But the government shut it down"}, {"start": "00:02:33", "end": "00:02:38", "text": "because they found a jailbreak that"}, {"start": "00:02:36", "end": "00:02:41", "text": "someone released. In fact, it was linked"}, {"start": "00:02:38", "end": "00:02:44", "text": "to Amazon and Amazon investor Enthropic."}, {"start": "00:02:41", "end": "00:02:47", "text": "Um, and they asked Enthropic to kind of"}, {"start": "00:02:44", "end": "00:02:49", "text": "stop the jailbreak or stop the model and"}, {"start": "00:02:47", "end": "00:02:51", "text": "they decided to just stop the model. So,"}, {"start": "00:02:49", "end": "00:02:52", "text": "it's weird. It's weird like that, but it"}, {"start": "00:02:51", "end": "00:02:54", "text": "also brings up questions whether or not"}, {"start": "00:02:52", "end": "00:02:57", "text": "the government, specifically the US"}, {"start": "00:02:54", "end": "00:03:00", "text": "government, can dictate what these AI"}, {"start": "00:02:57", "end": "00:03:01", "text": "companies do with their models, right?"}, {"start": "00:03:00", "end": "00:03:03", "text": "And it's a little scary to think that"}, {"start": "00:03:01", "end": "00:03:06", "text": "they they can't not to just shut it"}, {"start": "00:03:03", "end": "00:03:07", "text": "down, but maybe they won't allow these"}, {"start": "00:03:06", "end": "00:03:10", "text": "companies to do certain things or"}, {"start": "00:03:07", "end": "00:03:12", "text": "release certain things in the public uh"}, {"start": "00:03:10", "end": "00:03:14", "text": "for security concerns, but it could be"}, {"start": "00:03:12", "end": "00:03:16", "text": "for whatever agenda they want, right?"}, {"start": "00:03:14", "end": "00:03:18", "text": "So, this is kind of the first of many."}, {"start": "00:03:16", "end": "00:03:20", "text": "It almost seems like Anthropic did this"}, {"start": "00:03:18", "end": "00:03:23", "text": "on purpose. They could have fixed the"}, {"start": "00:03:20", "end": "00:03:24", "text": "jailbreak, but they decided not to and"}, {"start": "00:03:23", "end": "00:03:27", "text": "just push forward. Uh, a lot of people"}, {"start": "00:03:24", "end": "00:03:29", "text": "are very angry at Daario for doing this."}, {"start": "00:03:27", "end": "00:03:31", "text": "Some people are calling for him to step"}, {"start": "00:03:29", "end": "00:03:34", "text": "down, but I I almost feel like he's he's"}, {"start": "00:03:31", "end": "00:03:36", "text": "doing it to make a point, almost like a"}, {"start": "00:03:34", "end": "00:03:38", "text": "marketing thing. I'm not sure it's the"}, {"start": "00:03:36", "end": "00:03:40", "text": "right point because it's it's like the"}, {"start": "00:03:38", "end": "00:03:45", "text": "worst time to do be doing this and"}, {"start": "00:03:40", "end": "00:03:48", "text": "making a stand right after um"}, {"start": "00:03:45", "end": "00:03:49", "text": "you know, right after right after they"}, {"start": "00:03:48", "end": "00:03:52", "text": "announced they're going to go IPO,"}, {"start": "00:03:49", "end": "00:03:54", "text": "right? And Open AI is going to IPO and"}, {"start": "00:03:52", "end": "00:03:55", "text": "make even bigger splash. So, it's kind"}, {"start": "00:03:54", "end": "00:03:58", "text": "of weird, but anyways, that relates"}, {"start": "00:03:55", "end": "00:04:01", "text": "because SpaceX is AI company and they do"}, {"start": "00:03:58", "end": "00:04:04", "text": "lend out servers to Google for Gemini"}, {"start": "00:04:01", "end": "00:04:07", "text": "and Anthropic for Claude."}, {"start": "00:04:04", "end": "00:04:09", "text": "So, it does relate. Um, okay. Now, I'm"}, {"start": "00:04:07", "end": "00:04:11", "text": "going to the breaking news. I think most"}, {"start": "00:04:09", "end": "00:04:15", "text": "of you guys already know the deal is"}, {"start": "00:04:11", "end": "00:04:17", "text": "done. Okay. The US and Pakistan, not"}, {"start": "00:04:15", "end": "00:04:20", "text": "Iran though, for some reason, both"}, {"start": "00:04:17", "end": "00:04:23", "text": "announced that the war is ending after"}, {"start": "00:04:20", "end": "00:04:25", "text": "four plus months."}, {"start": "00:04:23", "end": "00:04:27", "text": "It's It's supposedly done, okay? No back"}, {"start": "00:04:25", "end": "00:04:32", "text": "and forth, no waiting, no approval, no"}, {"start": "00:04:27", "end": "00:04:35", "text": "no nothing. It's done. Okay. Uh and it"}, {"start": "00:04:32", "end": "00:04:37", "text": "was posted, tweeted out. So that's why,"}, {"start": "00:04:35", "end": "00:04:40", "text": "in case you guys haven't noticed,"}, {"start": "00:04:37", "end": "00:04:43", "text": "Bitcoin shot up. It's around 65 66,000."}, {"start": "00:04:40", "end": "00:04:48", "text": "Um and it can continue more this week,"}, {"start": "00:04:43", "end": "00:04:50", "text": "right? So the pieces that I gathered was"}, {"start": "00:04:48", "end": "00:04:53", "text": "uh straight or hormuz is going to be"}, {"start": "00:04:50", "end": "00:04:55", "text": "open completely. No, no sides, right? Uh"}, {"start": "00:04:53", "end": "00:04:58", "text": "attacks, all attacks in the area,"}, {"start": "00:04:55", "end": "00:05:02", "text": "including Lebanon, Lebanon, Israel, you"}, {"start": "00:04:58", "end": "00:05:05", "text": "know, obviously Iran, US all stop. Uh"}, {"start": "00:05:02", "end": "00:05:08", "text": "part of the deal is no nuclear weapons."}, {"start": "00:05:05", "end": "00:05:11", "text": "But with that, Europeans and the US will"}, {"start": "00:05:08", "end": "00:05:14", "text": "lift all sanctions against Iran."}, {"start": "00:05:11", "end": "00:05:16", "text": "Um and that's it. That that's what I"}, {"start": "00:05:14", "end": "00:05:18", "text": "hear, which is something that we've been"}, {"start": "00:05:16", "end": "00:05:21", "text": "hearing about for a long time. I hope"}, {"start": "00:05:18", "end": "00:05:24", "text": "it's true. It seems like it. And there's"}, {"start": "00:05:21", "end": "00:05:27", "text": "supposed to be like a Middle East like"}, {"start": "00:05:24", "end": "00:05:31", "text": "meetup with Trump and the leaders except"}, {"start": "00:05:27", "end": "00:05:32", "text": "uh Netanyahu is supposedly not going. Um"}, {"start": "00:05:31", "end": "00:05:36", "text": "but"}, {"start": "00:05:32", "end": "00:05:38", "text": "yeah, that's good. So with this, oil"}, {"start": "00:05:36", "end": "00:05:40", "text": "should start coming down. Inflation just"}, {"start": "00:05:38", "end": "00:05:42", "text": "shouldn't start coming down because we"}, {"start": "00:05:40", "end": "00:05:44", "text": "had some horrible inflation readings"}, {"start": "00:05:42", "end": "00:05:47", "text": "recently and they all been showing uh"}, {"start": "00:05:44", "end": "00:05:49", "text": "inflation going up. So this is very"}, {"start": "00:05:47", "end": "00:05:50", "text": "positive. This is why Bitcoin is"}, {"start": "00:05:49", "end": "00:05:52", "text": "starting to go up. A lot of alts are"}, {"start": "00:05:50", "end": "00:05:55", "text": "going up. Although there's like small I"}, {"start": "00:05:52", "end": "00:05:59", "text": "know it's like 2 3%. We're not seeing a"}, {"start": "00:05:55", "end": "00:06:03", "text": "20 30% jump, right? Just a little bit."}, {"start": "00:05:59", "end": "00:06:06", "text": "But um but it's something. And I have a"}, {"start": "00:06:03", "end": "00:06:09", "text": "feeling this week could be very green."}, {"start": "00:06:06", "end": "00:06:12", "text": "Okay. Because AI was really sold off. AI"}, {"start": "00:06:09", "end": "00:06:14", "text": "tech sold off for like last week only"}, {"start": "00:06:12", "end": "00:06:16", "text": "with the exception of like a few days"}, {"start": "00:06:14", "end": "00:06:18", "text": "last week it went up, but overall it was"}, {"start": "00:06:16", "end": "00:06:22", "text": "selling off. I have a feeling that we"}, {"start": "00:06:18", "end": "00:06:24", "text": "could see a lot of green this week. AI,"}, {"start": "00:06:22", "end": "00:06:26", "text": "tech, crypto, everything going up with"}, {"start": "00:06:24", "end": "00:06:28", "text": "with the exception of maybe SpaceX"}, {"start": "00:06:26", "end": "00:06:31", "text": "coming down because it's already too"}, {"start": "00:06:28", "end": "00:06:35", "text": "overbought. I I think that's I think"}, {"start": "00:06:31", "end": "00:06:38", "text": "that's a likely scenario. Uh we'll see"}, {"start": "00:06:35", "end": "00:06:40", "text": "tomorrow, but I have a feeling with the"}, {"start": "00:06:38", "end": "00:06:42", "text": "war ending, this is good news. It's"}, {"start": "00:06:40", "end": "00:06:45", "text": "something that everyone's been waiting"}, {"start": "00:06:42", "end": "00:06:46", "text": "for. So overall, it's going to be very"}, {"start": "00:06:45", "end": "00:06:48", "text": "good. I was looking at the charts right"}, {"start": "00:06:46", "end": "00:06:52", "text": "before I filmed this. All the charts,"}, {"start": "00:06:48", "end": "00:06:55", "text": "lower time frames, 15 minute, 1 hour, 4"}, {"start": "00:06:52", "end": "00:06:57", "text": "hour, 1 day have all flipped to the"}, {"start": "00:06:55", "end": "00:07:01", "text": "upside, breaking through some of these"}, {"start": "00:06:57", "end": "00:07:03", "text": "previous lower resistances. So from a"}, {"start": "00:07:01", "end": "00:07:05", "text": "chart perspective, technical"}, {"start": "00:07:03", "end": "00:07:08", "text": "perspective, looking pretty good. Fear"}, {"start": "00:07:05", "end": "00:07:10", "text": "level was still very low. We're coming"}, {"start": "00:07:08", "end": "00:07:14", "text": "up from that. But during these times of"}, {"start": "00:07:10", "end": "00:07:16", "text": "darkness, during FUD times, that's when"}, {"start": "00:07:14", "end": "00:07:18", "text": "uh capitulation usually happens. And"}, {"start": "00:07:16", "end": "00:07:21", "text": "we've been seeing that for months now."}, {"start": "00:07:18", "end": "00:07:22", "text": "And it's looking good. It's looking"}, {"start": "00:07:21", "end": "00:07:25", "text": "better. I think there's going to be a"}, {"start": "00:07:22", "end": "00:07:27", "text": "capital rotation like I said, right?"}, {"start": "00:07:25", "end": "00:07:30", "text": "Capital rotation out was flowing out"}, {"start": "00:07:27", "end": "00:07:33", "text": "from crypto, but now crypto is so cheap."}, {"start": "00:07:30", "end": "00:07:35", "text": "Bitcoin and crypto are so cheap, you"}, {"start": "00:07:33", "end": "00:07:37", "text": "know? I think it's time that crypto"}, {"start": "00:07:35", "end": "00:07:39", "text": "comes back in. And that's what I'm"}, {"start": "00:07:37", "end": "00:07:44", "text": "waiting for. So, we'll see this week"}, {"start": "00:07:39", "end": "00:07:46", "text": "whether or not that happens and and uh"}, {"start": "00:07:44", "end": "00:07:50", "text": "we'll go we'll go from there. We'll go"}, {"start": "00:07:46", "end": "00:07:53", "text": "from there. Uh outside of that um update"}, {"start": "00:07:50", "end": "00:07:56", "text": "on Ask Clash, I've been working at it"}, {"start": "00:07:53", "end": "00:07:59", "text": "every single day this weekend and the"}, {"start": "00:07:56", "end": "00:08:02", "text": "answers that you get from the agent and"}, {"start": "00:07:59", "end": "00:08:04", "text": "from just a regular composer."}, {"start": "00:08:02", "end": "00:08:07", "text": "Excellent. Excellent. Okay. I've made"}, {"start": "00:08:04", "end": "00:08:08", "text": "some huge progress. I know some of you"}, {"start": "00:08:07", "end": "00:08:10", "text": "guys may have complained and gave"}, {"start": "00:08:08", "end": "00:08:12", "text": "feedback that it was inaccurate or it"}, {"start": "00:08:10", "end": "00:08:16", "text": "didn't know this or it was slow or it"}, {"start": "00:08:12", "end": "00:08:20", "text": "was that. It's all been fixed. So, give"}, {"start": "00:08:16", "end": "00:08:23", "text": "it a try. Things are very up to-date,"}, {"start": "00:08:20", "end": "00:08:25", "text": "very fast, really good answers still all"}, {"start": "00:08:23", "end": "00:08:28", "text": "across the board, obviously for crypto,"}, {"start": "00:08:25", "end": "00:08:29", "text": "finance, stocks, you name it. But now"}, {"start": "00:08:28", "end": "00:08:32", "text": "you could search for anything like this"}, {"start": "00:08:29", "end": "00:08:34", "text": "war for example, which is breaking news."}, {"start": "00:08:32", "end": "00:08:38", "text": "It knew how to respond. anything you"}, {"start": "00:08:34", "end": "00:08:41", "text": "want to ask about bikes or fishing or"}, {"start": "00:08:38", "end": "00:08:43", "text": "the latest movie and why something sucks"}, {"start": "00:08:41", "end": "00:08:47", "text": "and what about comparing Bitcoin and"}, {"start": "00:08:43", "end": "00:08:49", "text": "Ethereum or what about AI trends or uh"}, {"start": "00:08:47", "end": "00:08:52", "text": "anything that you could think of. It's"}, {"start": "00:08:49", "end": "00:08:55", "text": "been improved vastly. So hopefully you"}, {"start": "00:08:52", "end": "00:08:57", "text": "guys enjoy it. Take advantage of it. Uh"}, {"start": "00:08:55", "end": "00:09:00", "text": "get your answers, educate yourself,"}, {"start": "00:08:57", "end": "00:09:03", "text": "research more all the tools that's that"}, {"start": "00:09:00", "end": "00:09:05", "text": "I've added on, right? people really do"}, {"start": "00:09:03", "end": "00:09:07", "text": "enjoy it uh and play with the agents."}, {"start": "00:09:05", "end": "00:09:09", "text": "I'm adding more to the agents and the"}, {"start": "00:09:07", "end": "00:09:12", "text": "reports that it could generate for you,"}, {"start": "00:09:09", "end": "00:09:13", "text": "but I want to go beyond that. Uh so I'm"}, {"start": "00:09:12", "end": "00:09:15", "text": "going to add more things. So hopefully"}, {"start": "00:09:13", "end": "00:09:18", "text": "you guys enjoy it and I'm going to do"}, {"start": "00:09:15", "end": "00:09:20", "text": "more creative stuff that's coming up"}, {"start": "00:09:18", "end": "00:09:22", "text": "that relates to Clash uh and relates to"}, {"start": "00:09:20", "end": "00:09:26", "text": "Ask Clash. So uh I'm going to reveal"}, {"start": "00:09:22", "end": "00:09:29", "text": "those details uh as they come. So that's"}, {"start": "00:09:26", "end": "00:09:31", "text": "pretty much it, guys. Have a good one."}, {"start": "00:09:29", "end": "00:09:33", "text": "Enjoy the weather. Enjoy. Hopefully,"}, {"start": "00:09:31", "end": "00:09:34", "text": "wherever you guys are, have good"}, {"start": "00:09:33", "end": "00:09:38", "text": "weather. Enjoy your the rest of your"}, {"start": "00:09:34", "end": "00:09:40", "text": "Sunday. Enjoy watching crypto"}, {"start": "00:09:38", "end": "00:09:42", "text": "go higher. And I'll see you guys"}, {"start": "00:09:40", "end": "00:09:44", "text": "tomorrow. All right. Have a good one."}, {"start": "00:09:42", "end": "00:09:44", "text": "Bye."}]

[{"start": "00:00:03", "end": "00:00:10", "text": "Welcome back to Cryptos Us. I am George."}, {"start": "00:00:08", "end": "00:00:13", "text": "We're all George."}, {"start": "00:00:10", "end": "00:00:16", "text": "Welcome to another market open stream."}, {"start": "00:00:13", "end": "00:00:18", "text": "Today is looking green. Pretty green all"}, {"start": "00:00:16", "end": "00:00:23", "text": "around for US markets, for Bitcoin, for"}, {"start": "00:00:18", "end": "00:00:28", "text": "crypto. So overall, can't complain. But"}, {"start": "00:00:23", "end": "00:00:30", "text": "today, of course, is the big SpaceX"}, {"start": "00:00:28", "end": "00:00:34", "text": "listing day."}, {"start": "00:00:30", "end": "00:00:38", "text": "How hot is it going to get? And what"}, {"start": "00:00:34", "end": "00:00:41", "text": "about the SpaceX plus Bitcoin?"}, {"start": "00:00:38", "end": "00:00:44", "text": "You could call it partnership. They hold"}, {"start": "00:00:41", "end": "00:00:46", "text": "enormous amount of Bitcoin."}, {"start": "00:00:44", "end": "00:00:49", "text": "Maybe this will change things. So, let's"}, {"start": "00:00:46", "end": "00:00:54", "text": "talk about it. But it's not just about"}, {"start": "00:00:49", "end": "00:00:56", "text": "SpaceX. We got more geopolitical news to"}, {"start": "00:00:54", "end": "00:00:59", "text": "talk about, more fundamentals, more of"}, {"start": "00:00:56", "end": "00:01:05", "text": "everything. It's Friday, so let's have a"}, {"start": "00:00:59", "end": "00:01:09", "text": "good Q&A. All right, let's do it, guys."}, {"start": "00:01:05", "end": "00:01:13", "text": "Let's do it. Welcome, welcome, welcome."}, {"start": "00:01:09", "end": "00:01:15", "text": "We are starting out a day 633,"}, {"start": "00:01:13", "end": "00:01:19", "text": "which is better than yesterday, although"}, {"start": "00:01:15", "end": "00:01:22", "text": "we were just around $64,000."}, {"start": "00:01:19", "end": "00:01:25", "text": "Slid down a little bit, but overall,"}, {"start": "00:01:22", "end": "00:01:28", "text": "we're trending back up as you can see,"}, {"start": "00:01:25", "end": "00:01:31", "text": "right? So that's what's important the"}, {"start": "00:01:28", "end": "00:01:34", "text": "trending up part."}, {"start": "00:01:31", "end": "00:01:34", "text": "Uh"}, {"start": "00:01:35", "end": "00:01:42", "text": "he map you can see pretty green and"}, {"start": "00:01:39", "end": "00:01:46", "text": "bubbles pretty green all around. So"}, {"start": "00:01:42", "end": "00:01:47", "text": "starting out pretty well. The US market"}, {"start": "00:01:46", "end": "00:01:51", "text": "let's see"}, {"start": "00:01:47", "end": "00:01:54", "text": "Dow is plus S&P plus but NASDAQ"}, {"start": "00:01:51", "end": "00:01:57", "text": "surprisingly is down today. Maybe"}, {"start": "00:01:54", "end": "00:01:58", "text": "everyone's trying to sell"}, {"start": "00:01:57", "end": "00:02:03", "text": "because they want to get in on the"}, {"start": "00:01:58", "end": "00:02:06", "text": "hottest IPO ever in history."}, {"start": "00:02:03", "end": "00:02:08", "text": "And of course, unless you've been living"}, {"start": "00:02:06", "end": "00:02:10", "text": "under a rock, you know that that I'm"}, {"start": "00:02:08", "end": "00:02:13", "text": "talking about SpaceX."}, {"start": "00:02:10", "end": "00:02:15", "text": "It's raising $75"}, {"start": "00:02:13", "end": "00:02:19", "text": "billion."}, {"start": "00:02:15", "end": "00:02:23", "text": "Okay. Selling 55.6"}, {"start": "00:02:19", "end": "00:02:26", "text": "million shares at 135 a piece."}, {"start": "00:02:23", "end": "00:02:26", "text": "uh SPCX"}, {"start": "00:02:26", "end": "00:02:32", "text": "um that's the symbol"}, {"start": "00:02:28", "end": "00:02:35", "text": "and there are a lot of prediction"}, {"start": "00:02:32", "end": "00:02:38", "text": "speculation even on prediction markets"}, {"start": "00:02:35", "end": "00:02:40", "text": "that say that"}, {"start": "00:02:38", "end": "00:02:43", "text": "uh share price are going to go a lot"}, {"start": "00:02:40", "end": "00:02:48", "text": "higher as high as a 190. Okay, which"}, {"start": "00:02:43", "end": "00:02:52", "text": "will place SpaceX like in the top five"}, {"start": "00:02:48", "end": "00:02:56", "text": "um market caps of"}, {"start": "00:02:52", "end": "00:02:58", "text": "of what exists now, right? Uh it'll be"}, {"start": "00:02:56", "end": "00:03:03", "text": "top five in terms of the biggest"}, {"start": "00:02:58", "end": "00:03:07", "text": "companies on earth, which will be huge,"}, {"start": "00:03:03", "end": "00:03:09", "text": "right? Uh so we'll have to see how this"}, {"start": "00:03:07", "end": "00:03:12", "text": "goes. Me personally, I'm staying away. I"}, {"start": "00:03:09", "end": "00:03:18", "text": "I feel like there's too much FOMO into"}, {"start": "00:03:12", "end": "00:03:20", "text": "this. Whenever you have very hot IPOs,"}, {"start": "00:03:18", "end": "00:03:23", "text": "um they tend to come down afterwards."}, {"start": "00:03:20", "end": "00:03:26", "text": "It's always buy the rumor, sell the"}, {"start": "00:03:23", "end": "00:03:29", "text": "news. But in this case, it is Elon's"}, {"start": "00:03:26", "end": "00:03:33", "text": "company. And this also SpaceX is not"}, {"start": "00:03:29", "end": "00:03:36", "text": "only uh affecting space exploration but"}, {"start": "00:03:33", "end": "00:03:37", "text": "they're they're in everything in the"}, {"start": "00:03:36", "end": "00:03:39", "text": "Starlink satellites which a lot of"}, {"start": "00:03:37", "end": "00:03:42", "text": "people have been raving about like"}, {"start": "00:03:39", "end": "00:03:45", "text": "airplanes uh these companies have been"}, {"start": "00:03:42", "end": "00:03:50", "text": "setting up SpaceX uh not SpaceX um"}, {"start": "00:03:45", "end": "00:03:54", "text": "Starlink setups uh also affects you know"}, {"start": "00:03:50", "end": "00:03:57", "text": "it's part of their AI X AI X is in there"}, {"start": "00:03:54", "end": "00:04:00", "text": "I mean everything is part of SpaceX."}, {"start": "00:03:57", "end": "00:04:02", "text": "They're like a giant company that does a"}, {"start": "00:04:00", "end": "00:04:04", "text": "lot of things."}, {"start": "00:04:02", "end": "00:04:07", "text": "So, who knows? Because of all these"}, {"start": "00:04:04", "end": "00:04:09", "text": "things, price could get keep on going."}, {"start": "00:04:07", "end": "00:04:13", "text": "They could become the biggest company on"}, {"start": "00:04:09", "end": "00:04:15", "text": "the planet soon. Who knows? Uh, for sure"}, {"start": "00:04:13", "end": "00:04:19", "text": "they are starting to make money. Google"}, {"start": "00:04:15", "end": "00:04:23", "text": "is going to pay SpaceX almost a billion"}, {"start": "00:04:19", "end": "00:04:25", "text": "dollars just for AI compute. Just to put"}, {"start": "00:04:23", "end": "00:04:28", "text": "things in perspective, SpaceX, what I've"}, {"start": "00:04:25", "end": "00:04:31", "text": "heard and research, they only had about"}, {"start": "00:04:28", "end": "00:04:35", "text": "$18 billion in revenue last year. So,"}, {"start": "00:04:31", "end": "00:04:37", "text": "this alone is pretty close to that. Not"}, {"start": "00:04:35", "end": "00:04:42", "text": "exactly, but this pretty much doubles"}, {"start": "00:04:37", "end": "00:04:44", "text": "their uh doubles their annual revenue"}, {"start": "00:04:42", "end": "00:04:47", "text": "immediately."}, {"start": "00:04:44", "end": "00:04:50", "text": "So, and this is just one deal. Anthropic"}, {"start": "00:04:47", "end": "00:04:54", "text": "also pays"}, {"start": "00:04:50", "end": "00:04:56", "text": "um SpaceX for compute and I don't know"}, {"start": "00:04:54", "end": "00:04:59", "text": "who else does but one of their revenue"}, {"start": "00:04:56", "end": "00:05:01", "text": "streams. Anyways"}, {"start": "00:04:59", "end": "00:05:05", "text": "um how does this relate to Bitcoin?"}, {"start": "00:05:01", "end": "00:05:07", "text": "Well, SpaceX does hold"}, {"start": "00:05:05", "end": "00:05:13", "text": "18,712"}, {"start": "00:05:07", "end": "00:05:15", "text": "Bitcoin over 1.2 billion. Okay, which if"}, {"start": "00:05:13", "end": "00:05:18", "text": "you compare to their public valuation"}, {"start": "00:05:15", "end": "00:05:22", "text": "soon which will be in the trillions is"}, {"start": "00:05:18", "end": "00:05:27", "text": "not a whole lot but still they will"}, {"start": "00:05:22", "end": "00:05:31", "text": "represent a top 10 a fortune 10 or"}, {"start": "00:05:27", "end": "00:05:34", "text": "fortune five company that holds over a"}, {"start": "00:05:31", "end": "00:05:37", "text": "billion bitcoin that means something"}, {"start": "00:05:34", "end": "00:05:40", "text": "right even though we all look at micro"}, {"start": "00:05:37", "end": "00:05:43", "text": "strategy and look at sailor and look at"}, {"start": "00:05:40", "end": "00:05:44", "text": "some of these other treasury companies,"}, {"start": "00:05:43", "end": "00:05:47", "text": "right, holding enormous amount of"}, {"start": "00:05:44", "end": "00:05:50", "text": "Bitcoin, but they're nowhere close to"}, {"start": "00:05:47", "end": "00:05:52", "text": "being in the top 10, the top 100, top"}, {"start": "00:05:50", "end": "00:05:54", "text": "1,000. Strategy, I don't even think it's"}, {"start": "00:05:52", "end": "00:05:58", "text": "in the top"}, {"start": "00:05:54", "end": "00:06:01", "text": "Fortune 1000. But"}, {"start": "00:05:58", "end": "00:06:04", "text": "yeah, and it'll be more interesting if"}, {"start": "00:06:01", "end": "00:06:08", "text": "Elon and SpaceX announces that they're"}, {"start": "00:06:04", "end": "00:06:11", "text": "going to load up more Bitcoin in the"}, {"start": "00:06:08", "end": "00:06:14", "text": "future. they start buying Bitcoin in the"}, {"start": "00:06:11", "end": "00:06:18", "text": "future, that's going to be even bigger"}, {"start": "00:06:14", "end": "00:06:22", "text": "game changer, right? So, we'll see. And"}, {"start": "00:06:18", "end": "00:06:25", "text": "again, um Elon's other big company, huge"}, {"start": "00:06:22", "end": "00:06:27", "text": "company, Tesla, also holds a lot of"}, {"start": "00:06:25", "end": "00:06:30", "text": "Bitcoin as well. So, if you combine"}, {"start": "00:06:27", "end": "00:06:31", "text": "them, that would be even better. But,"}, {"start": "00:06:30", "end": "00:06:33", "text": "you know, if you have to separate it,"}, {"start": "00:06:31", "end": "00:06:37", "text": "both hold over a billion dollars worth"}, {"start": "00:06:33", "end": "00:06:38", "text": "of Bitcoin. So,"}, {"start": "00:06:37", "end": "00:06:41", "text": "good stuff."}, {"start": "00:06:38", "end": "00:06:44", "text": "Good stuff all around."}, {"start": "00:06:41", "end": "00:06:46", "text": "Uh what else?"}, {"start": "00:06:44", "end": "00:06:48", "text": "Just something else that relates to AI."}, {"start": "00:06:46", "end": "00:06:51", "text": "Chad GBT hits a billion monthly app"}, {"start": "00:06:48", "end": "00:06:53", "text": "users. Okay. It's the fastest in"}, {"start": "00:06:51", "end": "00:06:56", "text": "history."}, {"start": "00:06:53", "end": "00:06:58", "text": "And of course, Open AAI, the company"}, {"start": "00:06:56", "end": "00:07:01", "text": "behind ChadBt, will be doing their IPO"}, {"start": "00:06:58", "end": "00:07:03", "text": "later this year. Anthropic, which is"}, {"start": "00:07:01", "end": "00:07:09", "text": "another company, will be doing their IPO"}, {"start": "00:07:03", "end": "00:07:09", "text": "next uh shortly afterwards, too. So,"}, {"start": "00:07:10", "end": "00:07:15", "text": "There's going to be a lot of money into"}, {"start": "00:07:12", "end": "00:07:17", "text": "these companies. A lot of money. Each"}, {"start": "00:07:15", "end": "00:07:19", "text": "one probably going to be over two"}, {"start": "00:07:17", "end": "00:07:22", "text": "trillion afterwards. So that's that's"}, {"start": "00:07:19", "end": "00:07:25", "text": "about six trillion, maybe six to eight"}, {"start": "00:07:22", "end": "00:07:29", "text": "trillion just with these three AI"}, {"start": "00:07:25", "end": "00:07:32", "text": "companies. It's insane. Insane. Now"}, {"start": "00:07:29", "end": "00:07:34", "text": "going back. Well, actually, I didn't"}, {"start": "00:07:32", "end": "00:07:37", "text": "talk about the other big thing today,"}, {"start": "00:07:34", "end": "00:07:40", "text": "and that is this."}, {"start": "00:07:37", "end": "00:07:43", "text": "Uh, this was announced yesterday, and I"}, {"start": "00:07:40", "end": "00:07:45", "text": "covered it in last night's video, but"}, {"start": "00:07:43", "end": "00:07:48", "text": "you know how Trump was threatening to"}, {"start": "00:07:45", "end": "00:07:51", "text": "start bombing once again last night. And"}, {"start": "00:07:48", "end": "00:07:57", "text": "then he came out and said that no, they"}, {"start": "00:07:51", "end": "00:08:00", "text": "have a deal. Okay, they have a deal. And"}, {"start": "00:07:57", "end": "00:08:05", "text": "this would reopen Hormuz, lift oil"}, {"start": "00:08:00", "end": "00:08:08", "text": "sanctions, uh prevent Iran from"}, {"start": "00:08:05", "end": "00:08:10", "text": "having nuclear weapons. Basically, Trump"}, {"start": "00:08:08", "end": "00:08:13", "text": "said,"}, {"start": "00:08:10", "end": "00:08:15", "text": "\"We made a great deal with Iran. It's"}, {"start": "00:08:13", "end": "00:08:19", "text": "pretty much completed. We got everything"}, {"start": "00:08:15", "end": "00:08:19", "text": "we wanted"}, {"start": "00:08:19", "end": "00:08:24", "text": "and uh and we're just waiting for it to"}, {"start": "00:08:21", "end": "00:08:27", "text": "be finalized.\" So, this is also"}, {"start": "00:08:24", "end": "00:08:29", "text": "very good. Although we have heard this"}, {"start": "00:08:27", "end": "00:08:32", "text": "back and forth, back and forth, back and"}, {"start": "00:08:29", "end": "00:08:33", "text": "forth in terms of, yeah, we have a deal."}, {"start": "00:08:32", "end": "00:08:35", "text": "We're just waiting for it to get"}, {"start": "00:08:33", "end": "00:08:36", "text": "finalized. And then you hear about more"}, {"start": "00:08:35", "end": "00:08:37", "text": "strikes and then you hear about"}, {"start": "00:08:36", "end": "00:08:42", "text": "retaliation. And then you hear about"}, {"start": "00:08:37", "end": "00:08:44", "text": "more deals. So hopefully"}, {"start": "00:08:42", "end": "00:08:48", "text": "this one stands,"}, {"start": "00:08:44", "end": "00:08:52", "text": "right? So oil prices fall. That's good."}, {"start": "00:08:48", "end": "00:08:55", "text": "Recently, we got some inflation data and"}, {"start": "00:08:52", "end": "00:08:58", "text": "none of them have been good. We do need"}, {"start": "00:08:55", "end": "00:09:01", "text": "oil prices to fall and not only fall"}, {"start": "00:08:58", "end": "00:09:05", "text": "temporarily but permanently back down to"}, {"start": "00:09:01", "end": "00:09:05", "text": "where it was, maybe even fall even more"}, {"start": "00:09:06", "end": "00:09:12", "text": "so we can bring inflation down. We could"}, {"start": "00:09:08", "end": "00:09:14", "text": "bring prices down. That will help us on"}, {"start": "00:09:12", "end": "00:09:16", "text": "a macro scale because then we could get"}, {"start": "00:09:14", "end": "00:09:19", "text": "some rate cuts and get more liquidity"}, {"start": "00:09:16", "end": "00:09:22", "text": "flowing. That's"}, {"start": "00:09:19", "end": "00:09:24", "text": "that's what we want."}, {"start": "00:09:22", "end": "00:09:28", "text": "All right. So, outside of these two big"}, {"start": "00:09:24", "end": "00:09:29", "text": "things, what else? Sailor finally"}, {"start": "00:09:28", "end": "00:09:32", "text": "responded."}, {"start": "00:09:29", "end": "00:09:35", "text": "Whether or not it's good or bad, Sailor"}, {"start": "00:09:32", "end": "00:09:38", "text": "said, \"I haven't sold a SAT. Strategy is"}, {"start": "00:09:35", "end": "00:09:40", "text": "still stacking.\""}, {"start": "00:09:38", "end": "00:09:43", "text": "Okay."}, {"start": "00:09:40", "end": "00:09:46", "text": "He posted this at 3:52"}, {"start": "00:09:43", "end": "00:09:50", "text": "a.m."}, {"start": "00:09:46", "end": "00:09:52", "text": "Man, either he couldn't sleep or he woke"}, {"start": "00:09:50", "end": "00:09:54", "text": "up extremely early. But that's not the"}, {"start": "00:09:52", "end": "00:09:59", "text": "only thing he said. Here, let take a"}, {"start": "00:09:54", "end": "00:10:02", "text": "listen to this. He's uh"}, {"start": "00:09:59", "end": "00:10:04", "text": "he's at BDC Prague"}, {"start": "00:10:02", "end": "00:10:06", "text": "on stage."}, {"start": "00:10:04", "end": "00:10:10", "text": "All right, let me let me get this right"}, {"start": "00:10:06", "end": "00:10:10", "text": "here. Let's play this."}, {"start": "00:10:12", "end": "00:10:15", "text": "And I refuse to do it because a troll on"}, {"start": "00:10:14", "end": "00:10:17", "text": "Twitter says, \"Hey, you said we never"}, {"start": "00:10:15", "end": "00:10:19", "text": "sell you Bitcoin.\""}, {"start": "00:10:17", "end": "00:10:21", "text": "Okay, fine. and I'll destroy a billion"}, {"start": "00:10:19", "end": "00:10:23", "text": "hundred billion dollar company so that I"}, {"start": "00:10:21", "end": "00:10:26", "text": "don't sell my Bitcoin, you know. Well,"}, {"start": "00:10:23", "end": "00:10:29", "text": "the point is I said to, by the way, I"}, {"start": "00:10:26", "end": "00:10:31", "text": "said to you never sell your Bitcoin. I"}, {"start": "00:10:29", "end": "00:10:33", "text": "never said that the company wouldn't"}, {"start": "00:10:31", "end": "00:10:36", "text": "sell his Bitcoin. And anybody that's"}, {"start": "00:10:33", "end": "00:10:39", "text": "been listening to our earnings calls or"}, {"start": "00:10:36", "end": "00:10:41", "text": "reading our disclosures or has half a"}, {"start": "00:10:39", "end": "00:10:43", "text": "brain knows for the last five years,"}, {"start": "00:10:41", "end": "00:10:46", "text": "we've been very clear that of course we"}, {"start": "00:10:43", "end": "00:10:50", "text": "sell the Bitcoin if we have to. And I"}, {"start": "00:10:46", "end": "00:10:52", "text": "refuse. Uh, I'm uh uh I'm going to have"}, {"start": "00:10:50", "end": "00:10:55", "text": "to disagree there."}, {"start": "00:10:52", "end": "00:10:58", "text": "This whole notion of the company selling"}, {"start": "00:10:55", "end": "00:11:01", "text": "Bitcoin only came out like a few months"}, {"start": "00:10:58", "end": "00:11:05", "text": "ago. This was never something that"}, {"start": "00:11:01", "end": "00:11:09", "text": "strategy or sailor ever said in the past"}, {"start": "00:11:05", "end": "00:11:11", "text": "that that they would be selling Bitcoin."}, {"start": "00:11:09", "end": "00:11:15", "text": "and his explanation of trying to be"}, {"start": "00:11:11", "end": "00:11:19", "text": "cheeky saying that well I told you guys"}, {"start": "00:11:15", "end": "00:11:19", "text": "to never sell Bitcoin."}, {"start": "00:11:20", "end": "00:11:25", "text": "I'm not sure that's a good rebuttal"}, {"start": "00:11:22", "end": "00:11:28", "text": "saying that you all should not sell"}, {"start": "00:11:25", "end": "00:11:29", "text": "Bitcoin but I get to sell Bitcoin."}, {"start": "00:11:28", "end": "00:11:32", "text": "That's what I've been saying and you"}, {"start": "00:11:29", "end": "00:11:36", "text": "guys have been hearing me wrong. I'm not"}, {"start": "00:11:32", "end": "00:11:39", "text": "so sure that's actually a good answer."}, {"start": "00:11:36", "end": "00:11:43", "text": "Um,"}, {"start": "00:11:39", "end": "00:11:45", "text": "so yeah, I think uh I think what the CEO"}, {"start": "00:11:43", "end": "00:11:47", "text": "of Strategy said was better that they"}, {"start": "00:11:45", "end": "00:11:49", "text": "were just testing the markets, making"}, {"start": "00:11:47", "end": "00:11:51", "text": "sure that"}, {"start": "00:11:49", "end": "00:11:55", "text": "uh they could and see how like the"}, {"start": "00:11:51", "end": "00:11:57", "text": "market would react rather than try to"}, {"start": "00:11:55", "end": "00:12:00", "text": "explain it by saying, \"Well, I told you"}, {"start": "00:11:57", "end": "00:12:02", "text": "guys not to sell Bitcoin, and I never"}, {"start": "00:12:00", "end": "00:12:03", "text": "said strategy wouldn't sell Bitcoin, and"}, {"start": "00:12:02", "end": "00:12:05", "text": "if you've been paying attention for the"}, {"start": "00:12:03", "end": "00:12:07", "text": "last 5 years, that's been our model all"}, {"start": "00:12:05", "end": "00:12:09", "text": "along.\" No, it hasn't. I've been"}, {"start": "00:12:07", "end": "00:12:12", "text": "covering strategies since 2020. That"}, {"start": "00:12:09", "end": "00:12:15", "text": "that was never the model."}, {"start": "00:12:12", "end": "00:12:17", "text": "It was always never sell your Bitcoin."}, {"start": "00:12:15", "end": "00:12:19", "text": "So,"}, {"start": "00:12:17", "end": "00:12:24", "text": "unfortunately, I'm not sure that has"}, {"start": "00:12:19", "end": "00:12:30", "text": "helped the situation or the the image"}, {"start": "00:12:24", "end": "00:12:30", "text": "of uh of Sailor, but"}, {"start": "00:12:30", "end": "00:12:35", "text": "we'll see."}, {"start": "00:12:33", "end": "00:12:38", "text": "They did also post this. In the depths"}, {"start": "00:12:35", "end": "00:12:41", "text": "of 2022 crypto winter, our average cost"}, {"start": "00:12:38", "end": "00:12:44", "text": "basis was 30K while Bitcoin traded"}, {"start": "00:12:41", "end": "00:12:46", "text": "nearly 50% below it at 16K. What did we"}, {"start": "00:12:44", "end": "00:12:51", "text": "do? We bought more. Okay, so trying to"}, {"start": "00:12:46", "end": "00:12:54", "text": "say the same thing that they have been"}, {"start": "00:12:51", "end": "00:12:57", "text": "down. They have incurred"}, {"start": "00:12:54", "end": "00:13:00", "text": "massive unrealized losses before, but"}, {"start": "00:12:57", "end": "00:13:02", "text": "they're unrealized loss, right? and when"}, {"start": "00:13:00", "end": "00:13:05", "text": "things come back then they look like a"}, {"start": "00:13:02", "end": "00:13:07", "text": "genius. So I think that's what it's"}, {"start": "00:13:05", "end": "00:13:09", "text": "trying to say that strategy may be down"}, {"start": "00:13:07", "end": "00:13:11", "text": "right now"}, {"start": "00:13:09", "end": "00:13:14", "text": "but they're not down and out and they"}, {"start": "00:13:11", "end": "00:13:16", "text": "have seen it before and I agree you know"}, {"start": "00:13:14", "end": "00:13:19", "text": "those of us that have been in a few"}, {"start": "00:13:16", "end": "00:13:22", "text": "cycles understand that sometimes there's"}, {"start": "00:13:19", "end": "00:13:25", "text": "pain sometimes there's blood in the"}, {"start": "00:13:22", "end": "00:13:27", "text": "streets even when it's in your own even"}, {"start": "00:13:25", "end": "00:13:30", "text": "if it's your own blood you know you"}, {"start": "00:13:27", "end": "00:13:32", "text": "continue to move forward and you DCA and"}, {"start": "00:13:30", "end": "00:13:38", "text": "hold up right so that is the right"}, {"start": "00:13:32", "end": "00:13:42", "text": "message. I'm just not sure uh Sailor's"}, {"start": "00:13:38", "end": "00:13:44", "text": "saying the right things right now."}, {"start": "00:13:42", "end": "00:13:46", "text": "But anyways,"}, {"start": "00:13:44", "end": "00:13:48", "text": "moving forward, you still have others"}, {"start": "00:13:46", "end": "00:13:52", "text": "that are copying or following the same"}, {"start": "00:13:48", "end": "00:13:56", "text": "footsteps. MetaPlanet is now going to"}, {"start": "00:13:52", "end": "00:13:58", "text": "offer yield products. Interesting. By"}, {"start": "00:13:56", "end": "00:14:03", "text": "acquiring this other securities company,"}, {"start": "00:13:58", "end": "00:14:05", "text": "Shebo. And we know that Bitmine,"}, {"start": "00:14:03", "end": "00:14:09", "text": "Tom Lee's company, also doing the same"}, {"start": "00:14:05", "end": "00:14:11", "text": "thing, offering yield so that"}, {"start": "00:14:09", "end": "00:14:14", "text": "uh not only just offering yield, but"}, {"start": "00:14:11", "end": "00:14:16", "text": "actually selling preferred shares so"}, {"start": "00:14:14", "end": "00:14:21", "text": "that they could raise money to buy more"}, {"start": "00:14:16", "end": "00:14:26", "text": "ETH. And it seems like MetaPlanet"}, {"start": "00:14:21", "end": "00:14:26", "text": "wants to do the same thing."}, {"start": "00:14:29", "end": "00:14:34", "text": "We'll see. We'll see. Sounds pretty"}, {"start": "00:14:32", "end": "00:14:37", "text": "bullish."}, {"start": "00:14:34", "end": "00:14:41", "text": "Um, what else? Black Rockck files uh"}, {"start": "00:14:37", "end": "00:14:43", "text": "files 8A for yieldbearing Bitcoin ETF."}, {"start": "00:14:41", "end": "00:14:45", "text": "Analyst expects launch next week. Even"}, {"start": "00:14:43", "end": "00:14:47", "text": "though ETF outflows have been pretty"}, {"start": "00:14:45", "end": "00:14:49", "text": "negative."}, {"start": "00:14:47", "end": "00:14:54", "text": "Okay, we know that they will turn back."}, {"start": "00:14:49", "end": "00:14:57", "text": "Right now, money is exiting, being"}, {"start": "00:14:54", "end": "00:15:00", "text": "reallocated into SpaceX and some of the"}, {"start": "00:14:57", "end": "00:15:03", "text": "other hotter, shinier investments, but"}, {"start": "00:15:00", "end": "00:15:05", "text": "they always come back. They always come"}, {"start": "00:15:03", "end": "00:15:07", "text": "back. The money always flows back,"}, {"start": "00:15:05", "end": "00:15:10", "text": "right? And when FOMO hits, it's going to"}, {"start": "00:15:07", "end": "00:15:13", "text": "hit very, very hard."}, {"start": "00:15:10", "end": "00:15:15", "text": "So,"}, {"start": "00:15:13", "end": "00:15:18", "text": "and this might actually attract more"}, {"start": "00:15:15", "end": "00:15:20", "text": "people because you get a yield. And I"}, {"start": "00:15:18", "end": "00:15:25", "text": "don't know how they're gonna offer a"}, {"start": "00:15:20", "end": "00:15:27", "text": "yield on on a Bitcoin ETF is unlike ETH"}, {"start": "00:15:25", "end": "00:15:29", "text": "ETF where they could just take the"}, {"start": "00:15:27", "end": "00:15:30", "text": "staking reward and give it out as yield."}, {"start": "00:15:29", "end": "00:15:32", "text": "I'm not so sure they're going to do"}, {"start": "00:15:30", "end": "00:15:34", "text": "this."}, {"start": "00:15:32", "end": "00:15:36", "text": "I don't know how they're going to do."}, {"start": "00:15:34", "end": "00:15:39", "text": "And not not if they will, but I don't"}, {"start": "00:15:36", "end": "00:15:41", "text": "know how they're going to do it."}, {"start": "00:15:39", "end": "00:15:42", "text": "All right."}, {"start": "00:15:41", "end": "00:15:44", "text": "History may not repeat, but it tends to"}, {"start": "00:15:42", "end": "00:15:48", "text": "rhyme. This is a good one. You can find"}, {"start": "00:15:44", "end": "00:15:51", "text": "this on Ask Clash, too. uh quarter"}, {"start": "00:15:48", "end": "00:15:51", "text": "returns,"}, {"start": "00:15:53", "end": "00:16:01", "text": "right? We actually saw the same thing"}, {"start": "00:15:56", "end": "00:16:01", "text": "during those recovery years,"}, {"start": "00:16:02", "end": "00:16:08", "text": "2018, 2022,"}, {"start": "00:16:05", "end": "00:16:09", "text": "now 2026."}, {"start": "00:16:08", "end": "00:16:11", "text": "Are we going to see the same thing? I"}, {"start": "00:16:09", "end": "00:16:13", "text": "mean, it's not exactly the same thing. I"}, {"start": "00:16:11", "end": "00:16:15", "text": "mean, our situation is definitely very"}, {"start": "00:16:13", "end": "00:16:18", "text": "different in 2022 and 2018. The market"}, {"start": "00:16:15", "end": "00:16:21", "text": "cap is definitely different, but you"}, {"start": "00:16:18", "end": "00:16:25", "text": "know what? Things tend to rhyme when you"}, {"start": "00:16:21", "end": "00:16:27", "text": "have two consecutive bad quarters. What"}, {"start": "00:16:25", "end": "00:16:29", "text": "happens afterwards? You have a recovery,"}, {"start": "00:16:27", "end": "00:16:32", "text": "right? But this quarter is not over."}, {"start": "00:16:29", "end": "00:16:35", "text": "This quarter just begun, just started."}, {"start": "00:16:32", "end": "00:16:37", "text": "Not to say that we will end this quarter"}, {"start": "00:16:35", "end": "00:16:41", "text": "badly,"}, {"start": "00:16:37", "end": "00:16:45", "text": "but if we do, we got a good Q3 to look"}, {"start": "00:16:41", "end": "00:16:49", "text": "forward to, but we will see."}, {"start": "00:16:45", "end": "00:16:54", "text": "Uh there's 2.2 billions of expirate"}, {"start": "00:16:49", "end": "00:16:56", "text": "options expirating today. So"}, {"start": "00:16:54", "end": "00:17:00", "text": "that may affect things a little bit, but"}, {"start": "00:16:56", "end": "00:17:03", "text": "overall we're in good shape. Like I"}, {"start": "00:17:00", "end": "00:17:05", "text": "said, right now investors are chasing"}, {"start": "00:17:03", "end": "00:17:08", "text": "the shiniest,"}, {"start": "00:17:05", "end": "00:17:12", "text": "okay, investments and shiniest objects"}, {"start": "00:17:08", "end": "00:17:16", "text": "right now today. SpaceX"}, {"start": "00:17:12", "end": "00:17:18", "text": "uh and of course AI and of course just a"}, {"start": "00:17:16", "end": "00:17:21", "text": "lot of markets tech market you know even"}, {"start": "00:17:18", "end": "00:17:24", "text": "markets overseas like Asian markets"}, {"start": "00:17:21", "end": "00:17:27", "text": "happened very very hot but we have seen"}, {"start": "00:17:24", "end": "00:17:29", "text": "this before we have seen it where you"}, {"start": "00:17:27", "end": "00:17:32", "text": "have these bubble situations and then"}, {"start": "00:17:29", "end": "00:17:36", "text": "you have a major correction and then you"}, {"start": "00:17:32", "end": "00:17:39", "text": "have money flowing back or money flowing"}, {"start": "00:17:36", "end": "00:17:43", "text": "into other shinier investments. We will"}, {"start": "00:17:39", "end": "00:17:46", "text": "get that turn once again, but we're"}, {"start": "00:17:43", "end": "00:17:49", "text": "we're waiting. Gold had that moment last"}, {"start": "00:17:46", "end": "00:17:51", "text": "year. You guys all remember it. Gold and"}, {"start": "00:17:49", "end": "00:17:54", "text": "silver had that same exact thing happen."}, {"start": "00:17:51", "end": "00:17:58", "text": "Went up for about 6 months, 7 months,"}, {"start": "00:17:54", "end": "00:18:02", "text": "went both went parabolic. Now have"}, {"start": "00:17:58", "end": "00:18:04", "text": "fallen, right?"}, {"start": "00:18:02", "end": "00:18:07", "text": "And if you correlate"}, {"start": "00:18:04", "end": "00:18:09", "text": "Bitcoin's current movement"}, {"start": "00:18:07", "end": "00:18:12", "text": "looks pretty similar though again it's"}, {"start": "00:18:09", "end": "00:18:15", "text": "not the same situation but there are a"}, {"start": "00:18:12", "end": "00:18:20", "text": "lot of charts that kind of correlate"}, {"start": "00:18:15", "end": "00:18:22", "text": "with Bitcoin's movement with like gold"}, {"start": "00:18:20", "end": "00:18:26", "text": "in this case gold and copper and you"}, {"start": "00:18:22", "end": "00:18:28", "text": "could see reversals right"}, {"start": "00:18:26", "end": "00:18:31", "text": "but it really just comes down to cap"}, {"start": "00:18:28", "end": "00:18:33", "text": "rotation now that the rotation have"}, {"start": "00:18:31", "end": "00:18:35", "text": "flown out of gold and silver. They are"}, {"start": "00:18:33", "end": "00:18:38", "text": "just not going up anymore. Even with all"}, {"start": "00:18:35", "end": "00:18:40", "text": "the geopolitical stuff going on, you"}, {"start": "00:18:38", "end": "00:18:44", "text": "don't see them go back because the money"}, {"start": "00:18:40", "end": "00:18:46", "text": "has rotated out and"}, {"start": "00:18:44", "end": "00:18:50", "text": "we're waiting for that rotation to come"}, {"start": "00:18:46", "end": "00:18:52", "text": "back in. And I think it will, but we may"}, {"start": "00:18:50", "end": "00:18:56", "text": "have to wait a little bit longer."}, {"start": "00:18:52", "end": "00:18:59", "text": "Uh, last few things. What do I see?"}, {"start": "00:18:56", "end": "00:19:02", "text": "Tether is investing 1.4 4 billion into"}, {"start": "00:18:59", "end": "00:19:04", "text": "this German robotics company."}, {"start": "00:19:02", "end": "00:19:07", "text": "So they're they're just all over the"}, {"start": "00:19:04", "end": "00:19:10", "text": "place. Tether has a ton of Bitcoin, a"}, {"start": "00:19:07", "end": "00:19:13", "text": "ton of gold, ton of"}, {"start": "00:19:10", "end": "00:19:15", "text": "everything. Mining companies. Now"}, {"start": "00:19:13", "end": "00:19:17", "text": "they're getting into robotics. I mean,"}, {"start": "00:19:15", "end": "00:19:21", "text": "if I was tether shoes, I would do the"}, {"start": "00:19:17", "end": "00:19:26", "text": "same thing. They are so cash heavy and"}, {"start": "00:19:21", "end": "00:19:29", "text": "they make so much money every quarter."}, {"start": "00:19:26", "end": "00:19:32", "text": "uh this is a time for them to to really"}, {"start": "00:19:29", "end": "00:19:33", "text": "expand out. They should,"}, {"start": "00:19:32", "end": "00:19:36", "text": "you know, since they're a crypto"}, {"start": "00:19:33", "end": "00:19:39", "text": "company, right? In my opinion, they"}, {"start": "00:19:36", "end": "00:19:43", "text": "should be investing more into crypto"}, {"start": "00:19:39", "end": "00:19:47", "text": "companies, right? Um"}, {"start": "00:19:43", "end": "00:19:50", "text": "maybe maybe buy more Bitcoin because the"}, {"start": "00:19:47", "end": "00:19:53", "text": "better Bitcoin does, the better the"}, {"start": "00:19:50", "end": "00:19:57", "text": "entire crypto industry does and that"}, {"start": "00:19:53", "end": "00:19:59", "text": "only helps Tether make more money."}, {"start": "00:19:57", "end": "00:20:00", "text": "So maybe they should think about that."}, {"start": "00:19:59", "end": "00:20:02", "text": "Just put more money into Bitcoin even"}, {"start": "00:20:00", "end": "00:20:04", "text": "though they hold over 100,000 Bitcoin"}, {"start": "00:20:02", "end": "00:20:07", "text": "already. But they could be like Sailor"}, {"start": "00:20:04", "end": "00:20:09", "text": "and just start pushing things forward"}, {"start": "00:20:07", "end": "00:20:12", "text": "even more."}, {"start": "00:20:09", "end": "00:20:16", "text": "Uh, Coinbase launches tool to let AI"}, {"start": "00:20:12", "end": "00:20:18", "text": "agents make payments and trade crypto."}, {"start": "00:20:16", "end": "00:20:20", "text": "See, a lot of exchanges are doing this,"}, {"start": "00:20:18", "end": "00:20:22", "text": "right? Robin Hood said we'll allow it."}, {"start": "00:20:20", "end": "00:20:25", "text": "Coinbase is allowing it. So, AI is"}, {"start": "00:20:22", "end": "00:20:30", "text": "definitely a future, but I haven't seen"}, {"start": "00:20:25", "end": "00:20:32", "text": "any real AI agents that can do this. I"}, {"start": "00:20:30", "end": "00:20:33", "text": "mean, you could tell AI agents to go"}, {"start": "00:20:32", "end": "00:20:36", "text": "trade. Does not mean that they're going"}, {"start": "00:20:33", "end": "00:20:38", "text": "to do a good job and you end up losing"}, {"start": "00:20:36", "end": "00:20:40", "text": "all your money really fast, right? So, I"}, {"start": "00:20:38", "end": "00:20:44", "text": "think there's a big opportunity there"}, {"start": "00:20:40", "end": "00:20:47", "text": "and I may lean towards that with the"}, {"start": "00:20:44", "end": "00:20:48", "text": "agents on Ask Clash because right now"}, {"start": "00:20:47", "end": "00:20:50", "text": "you have all these exchanges saying,"}, {"start": "00:20:48", "end": "00:20:53", "text": "\"Yeah, yeah, we'll let your agent do it,"}, {"start": "00:20:50", "end": "00:20:56", "text": "but what agents? Which agents are"}, {"start": "00:20:53", "end": "00:20:59", "text": "actually good at trading crypto right"}, {"start": "00:20:56", "end": "00:21:02", "text": "now?\" It's kind of funny and they're not"}, {"start": "00:20:59", "end": "00:21:04", "text": "developing their own. Um, and then I saw"}, {"start": "00:21:02", "end": "00:21:05", "text": "this."}, {"start": "00:21:04", "end": "00:21:07", "text": "I have not been paying that much"}, {"start": "00:21:05", "end": "00:21:08", "text": "attention to Charles Hoskinson and"}, {"start": "00:21:07", "end": "00:21:11", "text": "Cardano, but it seems like there are a"}, {"start": "00:21:08", "end": "00:21:14", "text": "lot of lot of drama and Charles is sick"}, {"start": "00:21:11", "end": "00:21:17", "text": "of the hate that he's getting. A lot of"}, {"start": "00:21:14", "end": "00:21:22", "text": "people are. Uh"}, {"start": "00:21:17", "end": "00:21:25", "text": "so he's going to try to create his own"}, {"start": "00:21:22", "end": "00:21:28", "text": "um social media company or project,"}, {"start": "00:21:25", "end": "00:21:31", "text": "right? It's kind of like Discord."}, {"start": "00:21:28", "end": "00:21:34", "text": "and he he wants to like, you know,"}, {"start": "00:21:31", "end": "00:21:36", "text": "migrate all his X videos and and his"}, {"start": "00:21:34", "end": "00:21:38", "text": "tweets to it. Even though he said he"}, {"start": "00:21:36", "end": "00:21:41", "text": "still go beyond X, you can't really"}, {"start": "00:21:38", "end": "00:21:44", "text": "escape it. Okay. Like a lot of people"}, {"start": "00:21:41", "end": "00:21:46", "text": "have tried to like do stuff outside of X"}, {"start": "00:21:44", "end": "00:21:48", "text": "and then just ends up coming back to X."}, {"start": "00:21:46", "end": "00:21:50", "text": "So, I don't know if this is going to"}, {"start": "00:21:48", "end": "00:21:54", "text": "work, but it seems like a lot of Cardano"}, {"start": "00:21:50", "end": "00:21:56", "text": "people are starting to lose hope and a"}, {"start": "00:21:54", "end": "00:21:59", "text": "lot of people in general have been"}, {"start": "00:21:56", "end": "00:22:03", "text": "dogging uh Cardano and it didn't help"}, {"start": "00:21:59", "end": "00:22:04", "text": "that uh Hoskinson said he'll be taking a"}, {"start": "00:22:03", "end": "00:22:10", "text": "break and cautioned that parts of"}, {"start": "00:22:04", "end": "00:22:10", "text": "Cardano ecosystem could fail."}, {"start": "00:22:10", "end": "00:22:13", "text": "The warning followed the closure of Tap"}, {"start": "00:22:12", "end": "00:22:16", "text": "Tools"}, {"start": "00:22:13", "end": "00:22:18", "text": "and contentious community decision to"}, {"start": "00:22:16", "end": "00:22:20", "text": "with withhold funding for I didn't know"}, {"start": "00:22:18", "end": "00:22:23", "text": "Tap Tools"}, {"start": "00:22:20", "end": "00:22:25", "text": "called it quits. I thought someone"}, {"start": "00:22:23", "end": "00:22:28", "text": "mentioned Tap Tools"}, {"start": "00:22:25", "end": "00:22:31", "text": "um"}, {"start": "00:22:28", "end": "00:22:33", "text": "like leaving the ecosystem."}, {"start": "00:22:31", "end": "00:22:36", "text": "I didn't know they closed."}, {"start": "00:22:33", "end": "00:22:37", "text": "Wow. And yeah, they didn't get funding"}, {"start": "00:22:36", "end": "00:22:39", "text": "for the summit which I kind of agree"}, {"start": "00:22:37", "end": "00:22:42", "text": "with. Why would you want to sell $2"}, {"start": "00:22:39", "end": "00:22:44", "text": "million worth of ADA to host a summit?"}, {"start": "00:22:42", "end": "00:22:46", "text": "Um,"}, {"start": "00:22:44", "end": "00:22:50", "text": "but"}, {"start": "00:22:46", "end": "00:22:50", "text": "no good. No good indeed."}, {"start": "00:22:51", "end": "00:22:57", "text": "All right. SpaceX open today. NASDAQ is"}, {"start": "00:22:55", "end": "00:23:02", "text": "selling off. S&P is selling off. You"}, {"start": "00:22:57", "end": "00:23:02", "text": "would figure it's a good day. Where's"}, {"start": "00:23:02", "end": "00:23:08", "text": "Where's Where's the symbol here?"}, {"start": "00:23:06", "end": "00:23:12", "text": "What is uh it should be live by now,"}, {"start": "00:23:08", "end": "00:23:14", "text": "right? It's like SPCX"}, {"start": "00:23:12", "end": "00:23:20", "text": "or something."}, {"start": "00:23:14", "end": "00:23:23", "text": "Yeah. No, it didn't go live yet."}, {"start": "00:23:20", "end": "00:23:23", "text": "Soon."}, {"start": "00:23:23", "end": "00:23:29", "text": "They should just call it space. SPCX is"}, {"start": "00:23:27", "end": "00:23:30", "text": "just a hard symbol to remember. They"}, {"start": "00:23:29", "end": "00:23:34", "text": "should just call it space. I don't know"}, {"start": "00:23:30", "end": "00:23:36", "text": "if you could get if you could have five"}, {"start": "00:23:34", "end": "00:23:39", "text": "five uh letters in a symbol. Probably"}, {"start": "00:23:36", "end": "00:23:39", "text": "not."}, {"start": "00:23:41", "end": "00:23:44", "text": "Anyways,"}, {"start": "00:23:45", "end": "00:23:50", "text": "all right, let's do some Q&A."}, {"start": "00:24:06", "end": "00:24:12", "text": "Adam Stokes on a big super chat earlier."}, {"start": "00:24:10", "end": "00:24:14", "text": "Good day from Australia. Give us a"}, {"start": "00:24:12", "end": "00:24:17", "text": "percent likelihood that SpaceX launch"}, {"start": "00:24:14", "end": "00:24:18", "text": "will dump on launch. No, it's not going"}, {"start": "00:24:17", "end": "00:24:20", "text": "to dump on launch today. It's going to"}, {"start": "00:24:18", "end": "00:24:23", "text": "go higher than launch for sure, but I've"}, {"start": "00:24:20", "end": "00:24:24", "text": "been saying"}, {"start": "00:24:23", "end": "00:24:28", "text": "I've been staying away because I think"}, {"start": "00:24:24", "end": "00:24:32", "text": "it can dump afterwards like on Monday or"}, {"start": "00:24:28", "end": "00:24:34", "text": "Tuesday. Uh but if FOMO's high enough it"}, {"start": "00:24:32", "end": "00:24:38", "text": "could carry through like next week and"}, {"start": "00:24:34", "end": "00:24:40", "text": "just keep going for a while. But yeah,"}, {"start": "00:24:38", "end": "00:24:42", "text": "it's too hyped up. There's no way."}, {"start": "00:24:40", "end": "00:24:45", "text": "Especially it's opening at 135."}, {"start": "00:24:42", "end": "00:24:50", "text": "Especially it goes up to like 190 200 or"}, {"start": "00:24:45", "end": "00:24:50", "text": "goes beyond it. It's something going for"}, {"start": "00:25:10", "end": "00:25:14", "text": "Yeah, it wasn't updating."}, {"start": "00:25:12", "end": "00:25:17", "text": "Not even here."}, {"start": "00:25:14", "end": "00:25:20", "text": "I don't know if they actually started"}, {"start": "00:25:17", "end": "00:25:20", "text": "yet."}, {"start": "00:25:33", "end": "00:25:37", "text": "As Musk addresses the troops, let's get"}, {"start": "00:25:35", "end": "00:25:39", "text": "the opening bell at the big board on"}, {"start": "00:25:37", "end": "00:25:42", "text": "Wall Street at 53rd celebrating changing"}, {"start": "00:25:39", "end": "00:25:45", "text": "its listing from the NAS to the NYC"}, {"start": "00:25:42", "end": "00:25:48", "text": "largest bank listing shift ever at the"}, {"start": "00:25:45", "end": "00:25:51", "text": "NASDAQ in Time Square at Starbase. It's"}, {"start": "00:25:48", "end": "00:25:53", "text": "SpaceX celebrating."}, {"start": "00:25:51", "end": "00:25:56", "text": "You know, usually when you go IPO, you"}, {"start": "00:25:53", "end": "00:26:01", "text": "actually go into Wall Street and you you"}, {"start": "00:25:56", "end": "00:26:06", "text": "ring the bell uh within that building"}, {"start": "00:26:01", "end": "00:26:08", "text": ">> a $75 billion offering priced at 135"}, {"start": "00:26:06", "end": "00:26:10", "text": "Chicago, which the Illinois Public"}, {"start": "00:26:08", "end": "00:26:11", "text": "Pension Fund Association nonprofit"}, {"start": "00:26:10", "end": "00:26:13", "text": "founded in 198."}, {"start": "00:26:11", "end": "00:26:16", "text": ">> Okay, these have nothing to do with"}, {"start": "00:26:13", "end": "00:26:16", "text": "SpaceX."}, {"start": "00:26:18", "end": "00:26:21", "text": "Interesting."}, {"start": "00:26:22", "end": "00:26:26", "text": "You usually like, yeah, you usually have"}, {"start": "00:26:24", "end": "00:26:29", "text": "the whole group and you ring the bell at"}, {"start": "00:26:26", "end": "00:26:32", "text": "at the New York Stock Exchange, but not"}, {"start": "00:26:29", "end": "00:26:32", "text": "not in your own headquarters,"}, {"start": "00:26:47", "end": "00:26:52", "text": "man."}, {"start": "00:26:50", "end": "00:26:55", "text": "I don't know if you can you guys could"}, {"start": "00:26:52", "end": "00:26:58", "text": "even fathom. I don't I don't I think he"}, {"start": "00:26:55", "end": "00:26:58", "text": "his percentage"}, {"start": "00:26:58", "end": "00:27:05", "text": "um"}, {"start": "00:27:01", "end": "00:27:08", "text": "his equity share in SpaceX is enormous."}, {"start": "00:27:05", "end": "00:27:10", "text": "Oh. Oh, it's about to uh it's about to"}, {"start": "00:27:08", "end": "00:27:12", "text": "update here."}, {"start": "00:27:10", "end": "00:27:15", "text": "But"}, {"start": "00:27:12", "end": "00:27:15", "text": "with this debut,"}, {"start": "00:27:17", "end": "00:27:23", "text": "Elon is"}, {"start": "00:27:20", "end": "00:27:27", "text": "a trillionaire."}, {"start": "00:27:23", "end": "00:27:29", "text": "Trillionaire, not billionaire."}, {"start": "00:27:27", "end": "00:27:33", "text": "Trillionire."}, {"start": "00:27:29", "end": "00:27:36", "text": "I can't I can't fathom what having a"}, {"start": "00:27:33", "end": "00:27:37", "text": "trillion dollars."}, {"start": "00:27:36", "end": "00:27:40", "text": "I don't I don't I can't fathom what a"}, {"start": "00:27:37", "end": "00:27:45", "text": "trillion dollars"}, {"start": "00:27:40", "end": "00:27:45", "text": "like what what it even means."}, {"start": "00:27:50", "end": "00:27:55", "text": "Yeah, I wouldn't short SpaceX right now"}, {"start": "00:27:53", "end": "00:27:58", "text": "trade around the world. I think today is"}, {"start": "00:27:55", "end": "00:28:00", "text": "going to be quite nuts. But maybe at the"}, {"start": "00:27:58", "end": "00:28:03", "text": "end of the day, maybe next week it's"}, {"start": "00:28:00", "end": "00:28:09", "text": "going to come down. But like"}, {"start": "00:28:03", "end": "00:28:09", "text": "today is gonna be quite quite hot."}, {"start": "00:28:19", "end": "00:28:24", "text": "Did Yahoo Finance list them yet?"}, {"start": "00:28:26", "end": "00:28:30", "text": "No. Haven't yet."}, {"start": "00:28:43", "end": "00:28:50", "text": "It would take 5,000 years to count to $1"}, {"start": "00:28:46", "end": "00:28:53", "text": "trillion. So even if you were paid"}, {"start": "00:28:50", "end": "00:28:55", "text": "$1 per count,"}, {"start": "00:28:53", "end": "00:29:01", "text": "it would take how many generations of"}, {"start": "00:28:55", "end": "00:29:01", "text": "your family to count to one trillion?"}, {"start": "00:29:03", "end": "00:29:08", "text": "Uh"}, {"start": "00:29:05", "end": "00:29:08", "text": "yeah."}, {"start": "00:29:21", "end": "00:29:26", "text": "The hope is"}, {"start": "00:29:23", "end": "00:29:28", "text": "SpaceX with all this money that they're"}, {"start": "00:29:26", "end": "00:29:32", "text": "raising, maybe they could put some of it"}, {"start": "00:29:28", "end": "00:29:35", "text": "into Bitcoin and up their allocation. If"}, {"start": "00:29:32", "end": "00:29:36", "text": "they start adding a little bit, little"}, {"start": "00:29:35", "end": "00:29:39", "text": "bit, little bit, little bit every"}, {"start": "00:29:36", "end": "00:29:42", "text": "quarter."}, {"start": "00:29:39", "end": "00:29:49", "text": "That would be tremendous."}, {"start": "00:29:42", "end": "00:29:49", "text": "Tremendous. Get this 18,700 to 180,712."}, {"start": "00:30:26", "end": "00:30:30", "text": "Uh what else is moving today?"}, {"start": "00:30:31", "end": "00:30:40", "text": "Look at my here. Looking at"}, {"start": "00:30:36", "end": "00:30:43", "text": "soul's up about 2% XRP"}, {"start": "00:30:40", "end": "00:30:43", "text": "up about 1.5%."}, {"start": "00:30:51", "end": "00:30:58", "text": "Still no symbol for or update on on"}, {"start": "00:30:55", "end": "00:30:58", "text": "this."}, {"start": "00:31:01", "end": "00:31:07", "text": "Look, they even have a capart with"}, {"start": "00:31:02", "end": "00:31:07", "text": "Coinbase. Trade SPCX on Coinbase."}, {"start": "00:31:23", "end": "00:31:28", "text": "SpaceX is a hoax. The rockets go nowhere"}, {"start": "00:31:25", "end": "00:31:31", "text": "and just crash in the ocean. How do they"}, {"start": "00:31:28", "end": "00:31:35", "text": "crash in the ocean when they show you"}, {"start": "00:31:31", "end": "00:31:37", "text": "the rockets coming back and landing on"}, {"start": "00:31:35", "end": "00:31:39", "text": "platforms in the ocean or being caught"}, {"start": "00:31:37", "end": "00:31:41", "text": "with their chopsticks?"}, {"start": "00:31:39", "end": "00:31:44", "text": "How's that a hoax? They showed it many,"}, {"start": "00:31:41", "end": "00:31:44", "text": "many times."}, {"start": "00:31:47", "end": "00:31:52", "text": "If you're a flatearther, you could"}, {"start": "00:31:48", "end": "00:31:54", "text": "argue, well, it never it never,"}, {"start": "00:31:52", "end": "00:31:56", "text": "you know, went past the filament or"}, {"start": "00:31:54", "end": "00:31:58", "text": "something. You could say that, but"}, {"start": "00:31:56", "end": "00:32:01", "text": "there's a lot of video of the rockets"}, {"start": "00:31:58", "end": "00:32:05", "text": "falling back down and being caught or"}, {"start": "00:32:01", "end": "00:32:07", "text": "landing. So, you can't claim that they"}, {"start": "00:32:05", "end": "00:32:10", "text": "just blow up or they they like land in"}, {"start": "00:32:07", "end": "00:32:10", "text": "the ocean."}, {"start": "00:32:20", "end": "00:32:29", "text": "Would you buy Space X stock today"}, {"start": "00:32:25", "end": "00:32:29", "text": "on opening day?"}, {"start": "00:32:39", "end": "00:32:44", "text": "No, not on day one."}, {"start": "00:32:46", "end": "00:32:52", "text": "Oh, what a nice picture. What a nice"}, {"start": "00:32:49", "end": "00:32:54", "text": "picture of a Tesla in space."}, {"start": "00:32:52", "end": "00:32:57", "text": "But I asked, would you would you buy"}, {"start": "00:32:54", "end": "00:33:00", "text": "SpaceX stock today on opening day? No,"}, {"start": "00:32:57", "end": "00:33:02", "text": "not on day one. The structural case for"}, {"start": "00:33:00", "end": "00:33:03", "text": "SpaceX is real. Starlink as a"}, {"start": "00:33:02", "end": "00:33:05", "text": "communication layer, vertical"}, {"start": "00:33:03", "end": "00:33:09", "text": "integration of launch plus satellite"}, {"start": "00:33:05", "end": "00:33:11", "text": "plus ground stations. Starite uh Star"}, {"start": "00:33:09", "end": "00:33:14", "text": "Shield military contracts. I didn't even"}, {"start": "00:33:11", "end": "00:33:16", "text": "know about that. M and Trump alignment"}, {"start": "00:33:14", "end": "00:33:19", "text": "on infrastructure."}, {"start": "00:33:16", "end": "00:33:21", "text": "But IPO day pops are liquidity events,"}, {"start": "00:33:19", "end": "00:33:24", "text": "not valuation events. You're buying at"}, {"start": "00:33:21", "end": "00:33:27", "text": "peak retail enthusiasm and retail driven"}, {"start": "00:33:24", "end": "00:33:29", "text": "supply constraints which unwind the"}, {"start": "00:33:27", "end": "00:33:32", "text": "first time institutions take profit or a"}, {"start": "00:33:29", "end": "00:33:33", "text": "macro surprise hits. Yeah. So you're"}, {"start": "00:33:32", "end": "00:33:36", "text": "going to be exit liquidity for some of"}, {"start": "00:33:33", "end": "00:33:40", "text": "these institutions that's been holding"}, {"start": "00:33:36", "end": "00:33:40", "text": "for a long time."}, {"start": "00:33:41", "end": "00:33:47", "text": "Uh three specific concerns valuation"}, {"start": "00:33:44", "end": "00:33:49", "text": "ready price for perfection"}, {"start": "00:33:47", "end": "00:33:54", "text": "must attentions bandwidth day one"}, {"start": "00:33:49", "end": "00:33:58", "text": "sellers are smarter than day one buyers."}, {"start": "00:33:54", "end": "00:34:01", "text": "That is such an awesome"}, {"start": "00:33:58", "end": "00:34:05", "text": "awesome analysis right there. Day one"}, {"start": "00:34:01", "end": "00:34:08", "text": "sellers are smarter than day one buyers."}, {"start": "00:34:05", "end": "00:34:11", "text": "Take a second to think about that."}, {"start": "00:34:08", "end": "00:34:13", "text": "insiders, early stage employees, preIPO"}, {"start": "00:34:11", "end": "00:34:15", "text": "institutional holders are liquidating"}, {"start": "00:34:13", "end": "00:34:18", "text": "into retail demand. The people who held"}, {"start": "00:34:15", "end": "00:34:21", "text": "SpaceX longest and have the best"}, {"start": "00:34:18", "end": "00:34:23", "text": "information are selling. That's the"}, {"start": "00:34:21", "end": "00:34:25", "text": "opposite of a buy signal."}, {"start": "00:34:23", "end": "00:34:28", "text": "That's brilliant. I'm going to start"}, {"start": "00:34:25", "end": "00:34:31", "text": "saying that now. Day one sellers are"}, {"start": "00:34:28", "end": "00:34:33", "text": "smarter than day one buyers."}, {"start": "00:34:31", "end": "00:34:35", "text": "when to buy. Instead, wait for the pop"}, {"start": "00:34:33", "end": "00:34:37", "text": "to fade, typically two to four weeks,"}, {"start": "00:34:35", "end": "00:34:40", "text": "and then watch for a macro catalyst like"}, {"start": "00:34:37", "end": "00:34:42", "text": "a Fed pivot, successful starship test,"}, {"start": "00:34:40", "end": "00:34:44", "text": "Starling commercial contract win. At"}, {"start": "00:34:42", "end": "00:34:46", "text": "that point, you're buying actual news,"}, {"start": "00:34:44", "end": "00:34:48", "text": "not day one momentum with real"}, {"start": "00:34:46", "end": "00:34:50", "text": "institutional buyers stepping in instead"}, {"start": "00:34:48", "end": "00:34:53", "text": "of out."}, {"start": "00:34:50", "end": "00:34:57", "text": "The business phenomenal. The stock on"}, {"start": "00:34:53", "end": "00:34:57", "text": "opening day is a sucker's trade."}, {"start": "00:34:58", "end": "00:35:03", "text": "That's awesome analysis. See, this is"}, {"start": "00:35:00", "end": "00:35:04", "text": "what the type of answer you get on Ask"}, {"start": "00:35:03", "end": "00:35:07", "text": "Clash. You're not going to get this"}, {"start": "00:35:04", "end": "00:35:09", "text": "answer anywhere else."}, {"start": "00:35:07", "end": "00:35:12", "text": "Day one sellers are smarter than day one"}, {"start": "00:35:09", "end": "00:35:12", "text": "buyers."}, {"start": "00:35:16", "end": "00:35:21", "text": "Did they Why Why is it not updating it?"}, {"start": "00:35:56", "end": "00:36:01", "text": "Well, overall we're still holding pretty"}, {"start": "00:35:58", "end": "00:36:03", "text": "well despite"}, {"start": "00:36:01", "end": "00:36:06", "text": "despite the US market sell off right"}, {"start": "00:36:03", "end": "00:36:06", "text": "now."}, {"start": "00:36:07", "end": "00:36:13", "text": "It shouldn't even sell off. It makes no"}, {"start": "00:36:08", "end": "00:36:13", "text": "point. It should be should be green."}, {"start": "00:36:21", "end": "00:36:26", "text": "We got a lot of people in here, more"}, {"start": "00:36:23", "end": "00:36:29", "text": "than usual. Almost 2,000 excited about"}, {"start": "00:36:26", "end": "00:36:32", "text": "SpaceX. I think more more excited about"}, {"start": "00:36:29", "end": "00:36:34", "text": "SpaceX than Bitcoin possibly. But you"}, {"start": "00:36:32", "end": "00:36:39", "text": "know what?"}, {"start": "00:36:34", "end": "00:36:39", "text": "Uh be careful."}, {"start": "00:36:39", "end": "00:36:43", "text": "Bitcoin may be down and out right now,"}, {"start": "00:36:41", "end": "00:36:46", "text": "but the rotation will flow back in."}, {"start": "00:36:43", "end": "00:36:49", "text": "That's for sure."}, {"start": "00:36:46", "end": "00:36:52", "text": "It's right now as everyone's chasing"}, {"start": "00:36:49", "end": "00:36:55", "text": "the shinier investment,"}, {"start": "00:36:52", "end": "00:36:57", "text": "right? People tend to FOMO"}, {"start": "00:36:55", "end": "00:37:01", "text": "towards the top,"}, {"start": "00:36:57", "end": "00:37:01", "text": "not towards the bottom."}, {"start": "00:37:27", "end": "00:37:32", "text": "Why can't we buy a panic buyer? You can"}, {"start": "00:37:30", "end": "00:37:35", "text": "always buy Bitcoin."}, {"start": "00:37:32", "end": "00:37:35", "text": "That's always good."}, {"start": "00:37:38", "end": "00:37:43", "text": "It's kind of crazy."}, {"start": "00:37:41", "end": "00:37:45", "text": "I mean, just thinking about the grand"}, {"start": "00:37:43", "end": "00:37:50", "text": "scheme of things. If Elon could do what"}, {"start": "00:37:45", "end": "00:37:52", "text": "he's proposing, it's kind of nuts. Like"}, {"start": "00:37:50", "end": "00:37:54", "text": "I've always said, he should have stopped"}, {"start": "00:37:52", "end": "00:37:57", "text": "worrying about Tesla. That's not that's"}, {"start": "00:37:54", "end": "00:37:59", "text": "not big enough for him anymore. Tesla's"}, {"start": "00:37:57", "end": "00:38:03", "text": "fine. Tesla is going to evolve into a"}, {"start": "00:37:59", "end": "00:38:05", "text": "robotics company, into somewhat like AI,"}, {"start": "00:38:03", "end": "00:38:11", "text": "self-driving stuff like that. But the"}, {"start": "00:38:05", "end": "00:38:13", "text": "real the real mission is space."}, {"start": "00:38:11", "end": "00:38:15", "text": "All right. Getting more Starlink"}, {"start": "00:38:13", "end": "00:38:18", "text": "satellites up, getting better"}, {"start": "00:38:15", "end": "00:38:21", "text": "communication around the world, and then"}, {"start": "00:38:18", "end": "00:38:25", "text": "building moon bases."}, {"start": "00:38:21", "end": "00:38:27", "text": "Okay, building moon bases."}, {"start": "00:38:25", "end": "00:38:30", "text": "And"}, {"start": "00:38:27", "end": "00:38:30", "text": "I don't know"}, {"start": "00:38:30", "end": "00:38:35", "text": "whether I don't know whether you know"}, {"start": "00:38:32", "end": "00:38:40", "text": "the best"}, {"start": "00:38:35", "end": "00:38:44", "text": "use case is for data centers and you"}, {"start": "00:38:40", "end": "00:38:46", "text": "know more power and all that or just to"}, {"start": "00:38:44", "end": "00:38:50", "text": "have bases in cities where people could"}, {"start": "00:38:46", "end": "00:38:55", "text": "go up and live in and then beyond that"}, {"start": "00:38:50", "end": "00:38:55", "text": "to go build bases in Mars."}, {"start": "00:38:59", "end": "00:39:05", "text": "So, it's uh it's all"}, {"start": "00:39:02", "end": "00:39:08", "text": "it's all quite crazy. And maybe we need"}, {"start": "00:39:05", "end": "00:39:10", "text": "space defense, too. I don't know if you"}, {"start": "00:39:08", "end": "00:39:12", "text": "guys been following the UFO files and"}, {"start": "00:39:10", "end": "00:39:14", "text": "all these whistleblowers coming out and"}, {"start": "00:39:12", "end": "00:39:17", "text": "saying that everyone in the government"}, {"start": "00:39:14", "end": "00:39:19", "text": "knows about aliens and they're not"}, {"start": "00:39:17", "end": "00:39:22", "text": "denying anymore. They're releasing all"}, {"start": "00:39:19", "end": "00:39:24", "text": "the footage and aliens are going to be"}, {"start": "00:39:22", "end": "00:39:25", "text": "back soon. Like I don't know if you guys"}, {"start": "00:39:24", "end": "00:39:27", "text": "have been paying attention. I I've been"}, {"start": "00:39:25", "end": "00:39:28", "text": "loosely paying attention. I haven't"}, {"start": "00:39:27", "end": "00:39:30", "text": "really been. But like a lot of people"}, {"start": "00:39:28", "end": "00:39:33", "text": "are really concerned. Why are they"}, {"start": "00:39:30", "end": "00:39:35", "text": "saying all that now? Is it really"}, {"start": "00:39:33", "end": "00:39:37", "text": "because aliens are going to come back?"}, {"start": "00:39:35", "end": "00:39:39", "text": "We have made first contact already and"}, {"start": "00:39:37", "end": "00:39:41", "text": "they said they're going to come back or"}, {"start": "00:39:39", "end": "00:39:43", "text": "we're afraid they're going to come back."}, {"start": "00:39:41", "end": "00:39:46", "text": "Maybe we need to do like Independence"}, {"start": "00:39:43", "end": "00:39:48", "text": "Day. You know, we need to get some space"}, {"start": "00:39:46", "end": "00:39:50", "text": "defense going because if they do come"}, {"start": "00:39:48", "end": "00:39:52", "text": "back, our SpaceX rockets ain't going to"}, {"start": "00:39:50", "end": "00:39:57", "text": "cut it, right? That's not going to help"}, {"start": "00:39:52", "end": "00:39:59", "text": "us in any way. All of our airplanes and"}, {"start": "00:39:57", "end": "00:40:02", "text": "jets and"}, {"start": "00:39:59", "end": "00:40:05", "text": "uh and aircraft carriers and submarines"}, {"start": "00:40:02", "end": "00:40:07", "text": "ain't going to help when aliens come"}, {"start": "00:40:05", "end": "00:40:13", "text": "with their advanced ships floating in"}, {"start": "00:40:07", "end": "00:40:13", "text": "orbit and just shooting death rays down."}, {"start": "00:40:14", "end": "00:40:18", "text": "I don't know if anyone's"}, {"start": "00:40:17", "end": "00:40:20", "text": "thinking about that. Maybe Elon is"}, {"start": "00:40:18", "end": "00:40:21", "text": "thinking about it. Maybe he could put"}, {"start": "00:40:20", "end": "00:40:25", "text": "some defensive capabilities on these"}, {"start": "00:40:21", "end": "00:40:28", "text": "Starlink satellites. Put some put some"}, {"start": "00:40:25", "end": "00:40:31", "text": "lasers or missiles or I don't know"}, {"start": "00:40:28", "end": "00:40:31", "text": "something."}, {"start": "00:40:43", "end": "00:40:47", "text": "It's a boomer slop. Aliens aren't real."}, {"start": "00:40:45", "end": "00:40:49", "text": "I mean, just think about it, okay? It's"}, {"start": "00:40:47", "end": "00:40:51", "text": "probably it's probably the case where"}, {"start": "00:40:49", "end": "00:40:53", "text": "they've never been to Earth, okay? Or"}, {"start": "00:40:51", "end": "00:40:56", "text": "they've been to Earth and and we haven't"}, {"start": "00:40:53", "end": "00:41:00", "text": "seen them. But you can't say aliens"}, {"start": "00:40:56", "end": "00:41:03", "text": "doesn't exist. Look at how enormous the"}, {"start": "00:41:00", "end": "00:41:08", "text": "universe is or even our galaxy or even"}, {"start": "00:41:03", "end": "00:41:11", "text": "our solar system, right? Like"}, {"start": "00:41:08", "end": "00:41:13", "text": "it it's like saying that you take a cup"}, {"start": "00:41:11", "end": "00:41:16", "text": "of you just take an empty cup, you go in"}, {"start": "00:41:13", "end": "00:41:18", "text": "the ocean and then you scoop out one cup"}, {"start": "00:41:16", "end": "00:41:20", "text": "and you're like, \"Oh, I don't see any"}, {"start": "00:41:18", "end": "00:41:24", "text": "fish in here.\" So there's no fish in the"}, {"start": "00:41:20", "end": "00:41:27", "text": "ocean. Like we barely looked at"}, {"start": "00:41:24", "end": "00:41:31", "text": "anything."}, {"start": "00:41:27", "end": "00:41:33", "text": "Space is so vast that,"}, {"start": "00:41:31", "end": "00:41:34", "text": "you know, we just say just because we"}, {"start": "00:41:33", "end": "00:41:36", "text": "haven't seen alien, aliens doesn't"}, {"start": "00:41:34", "end": "00:41:40", "text": "exist. That's just such a naive way of"}, {"start": "00:41:36", "end": "00:41:40", "text": "to think about it."}, {"start": "00:41:40", "end": "00:41:46", "text": "They exist. Just whether or not we have"}, {"start": "00:41:44", "end": "00:41:50", "text": "seen them before or whether or not they"}, {"start": "00:41:46", "end": "00:41:50", "text": "have ever come to Earth."}, {"start": "00:41:50", "end": "00:41:56", "text": "Am I going to watch Disclosure Day? No."}, {"start": "00:41:52", "end": "00:41:58", "text": "That the the the the"}, {"start": "00:41:56", "end": "00:42:00", "text": "previews actually look really bad. It"}, {"start": "00:41:58", "end": "00:42:03", "text": "will probably be Stephen Spielberg's"}, {"start": "00:42:00", "end": "00:42:05", "text": "like worst opening movie ever. I don't I"}, {"start": "00:42:03", "end": "00:42:07", "text": "don't know what it is. It started out"}, {"start": "00:42:05", "end": "00:42:10", "text": "kind of interesting and then it's like"}, {"start": "00:42:07", "end": "00:42:12", "text": "the trailer just turned into some some"}, {"start": "00:42:10", "end": "00:42:15", "text": "weird premise"}, {"start": "00:42:12", "end": "00:42:18", "text": "like it doesn't No one wants to see like"}, {"start": "00:42:15", "end": "00:42:20", "text": "humans start speaking aliens and like"}, {"start": "00:42:18", "end": "00:42:22", "text": "people want to see like they're go"}, {"start": "00:42:20", "end": "00:42:26", "text": "attack the humans or humans like"}, {"start": "00:42:22", "end": "00:42:26", "text": "something has to happen."}, {"start": "00:42:28", "end": "00:42:32", "text": "But I'm going to go on a limb and say"}, {"start": "00:42:30", "end": "00:42:33", "text": "it's going to fail miserably at the box"}, {"start": "00:42:32", "end": "00:42:35", "text": "office, right? You know, I don't know if"}, {"start": "00:42:33", "end": "00:42:38", "text": "you guys noticed. No one watches movies"}, {"start": "00:42:35", "end": "00:42:40", "text": "anymore."}, {"start": "00:42:38", "end": "00:42:44", "text": "Like, no one talks about movies anymore."}, {"start": "00:42:40", "end": "00:42:46", "text": "No one goes to the box office anymore."}, {"start": "00:42:44", "end": "00:42:48", "text": "It's like, everyone just plops down on"}, {"start": "00:42:46", "end": "00:42:51", "text": "their couch and checks out what's on"}, {"start": "00:42:48", "end": "00:42:53", "text": "Amazon Prime or Netflix or whatever or"}, {"start": "00:42:51", "end": "00:42:55", "text": "HBO Max. And maybe you rent a movie"}, {"start": "00:42:53", "end": "00:42:57", "text": "directly from your streaming service,"}, {"start": "00:42:55", "end": "00:43:00", "text": "but like"}, {"start": "00:42:57", "end": "00:43:01", "text": "no one even watches stuff anymore. You"}, {"start": "00:43:00", "end": "00:43:03", "text": "don't even know what's going on because"}, {"start": "00:43:01", "end": "00:43:05", "text": "there's no commercials to watch anymore"}, {"start": "00:43:03", "end": "00:43:08", "text": "because everyone's watching streaming"}, {"start": "00:43:05", "end": "00:43:08", "text": "stuff."}, {"start": "00:43:20", "end": "00:43:25", "text": "I did watch Three Body Problem. That's a"}, {"start": "00:43:23", "end": "00:43:27", "text": "good That's a good show. It was too"}, {"start": "00:43:25", "end": "00:43:29", "text": "short. It's a really good show. I I"}, {"start": "00:43:27", "end": "00:43:32", "text": "think that's the thing."}, {"start": "00:43:29", "end": "00:43:34", "text": "If, not saying I really believe it, but"}, {"start": "00:43:32", "end": "00:43:38", "text": "if"}, {"start": "00:43:34", "end": "00:43:41", "text": "aliens are going to come back,"}, {"start": "00:43:38", "end": "00:43:43", "text": "uh, it doesn't mean that they have like,"}, {"start": "00:43:41", "end": "00:43:45", "text": "you know, warp 10 or something where"}, {"start": "00:43:43", "end": "00:43:47", "text": "they could bend space. It could still"}, {"start": "00:43:45", "end": "00:43:49", "text": "take them hundreds of years to get here."}, {"start": "00:43:47", "end": "00:43:51", "text": "Even if they were moving at light speed,"}, {"start": "00:43:49", "end": "00:43:55", "text": "it could take them hundreds of years to"}, {"start": "00:43:51", "end": "00:43:56", "text": "get here. That's the problem that that"}, {"start": "00:43:55", "end": "00:43:59", "text": "the aliens faced in the threebody"}, {"start": "00:43:56", "end": "00:44:02", "text": "problem show. like they told the humans"}, {"start": "00:43:59", "end": "00:44:04", "text": "they're coming back, right? But it take"}, {"start": "00:44:02", "end": "00:44:08", "text": "them 400 years to get here from wherever"}, {"start": "00:44:04", "end": "00:44:10", "text": "their star system is. Um, so it could be"}, {"start": "00:44:08", "end": "00:44:12", "text": "the same thing like all these"}, {"start": "00:44:10", "end": "00:44:14", "text": "whistleblowers saying that UFOs are"}, {"start": "00:44:12", "end": "00:44:16", "text": "real. We know about aliens and stuff"}, {"start": "00:44:14", "end": "00:44:18", "text": "like that. Why are they revealing now,"}, {"start": "00:44:16", "end": "00:44:20", "text": "right? Maybe the first aliens that came"}, {"start": "00:44:18", "end": "00:44:22", "text": "here, we captured them and they revealed"}, {"start": "00:44:20", "end": "00:44:25", "text": "it. Or maybe they're trying to be nice"}, {"start": "00:44:22", "end": "00:44:27", "text": "and warning humanity that the rest of"}, {"start": "00:44:25", "end": "00:44:30", "text": "the fleet is going to be here in 50"}, {"start": "00:44:27", "end": "00:44:32", "text": "years or 60 years."}, {"start": "00:44:30", "end": "00:44:35", "text": "Or maybe we just figured it out. I don't"}, {"start": "00:44:32", "end": "00:44:35", "text": "know."}, {"start": "00:44:36", "end": "00:44:40", "text": "But yeah, just because they're advanced"}, {"start": "00:44:38", "end": "00:44:43", "text": "doesn't mean that they have faster and"}, {"start": "00:44:40", "end": "00:44:43", "text": "light travel."}, {"start": "00:44:43", "end": "00:44:48", "text": "That's still science fiction until"}, {"start": "00:44:45", "end": "00:44:48", "text": "proven otherwise."}, {"start": "00:44:59", "end": "00:45:05", "text": "Aliens are not fallen angels. No, don't"}, {"start": "00:45:01", "end": "00:45:05", "text": "don't get the two confused."}, {"start": "00:45:17", "end": "00:45:23", "text": "Why hasn't this updated?"}, {"start": "00:45:21", "end": "00:45:26", "text": "I I still don't know why it hasn't"}, {"start": "00:45:23", "end": "00:45:26", "text": "updated yet."}, {"start": "00:45:45", "end": "00:45:51", "text": "Yeah, why Entertainment."}, {"start": "00:45:47", "end": "00:45:53", "text": "You know, I would figure"}, {"start": "00:45:51", "end": "00:45:56", "text": "just like us, if we were doing space"}, {"start": "00:45:53", "end": "00:45:59", "text": "exploration, we wouldn't send our, let's"}, {"start": "00:45:56", "end": "00:46:01", "text": "just pretend we had our armada, we had"}, {"start": "00:45:59", "end": "00:46:03", "text": "massive starships, right? You would"}, {"start": "00:46:01", "end": "00:46:06", "text": "probably send probes. You would send"}, {"start": "00:46:03", "end": "00:46:09", "text": "scout missions first. You wouldn't just"}, {"start": "00:46:06", "end": "00:46:12", "text": "send your entire fleet there, right? So,"}, {"start": "00:46:09", "end": "00:46:15", "text": "if if aliens did want to explore and"}, {"start": "00:46:12", "end": "00:46:17", "text": "they found Earth, whoever came first"}, {"start": "00:46:15", "end": "00:46:20", "text": "probably were just like a small scout"}, {"start": "00:46:17", "end": "00:46:22", "text": "ship and maybe they they had some"}, {"start": "00:46:20", "end": "00:46:25", "text": "problems. They crash landed and that's"}, {"start": "00:46:22", "end": "00:46:28", "text": "what we've been reverse engineering."}, {"start": "00:46:25", "end": "00:46:31", "text": "Um, because a lot of the UFO ships now"}, {"start": "00:46:28", "end": "00:46:34", "text": "are just all US military ships. A lot of"}, {"start": "00:46:31", "end": "00:46:36", "text": "the footage of like these floating orbs"}, {"start": "00:46:34", "end": "00:46:39", "text": "or these things that just kind of hover"}, {"start": "00:46:36", "end": "00:46:41", "text": "and then they they look like UFOs. I"}, {"start": "00:46:39", "end": "00:46:44", "text": "think those are all reverse engineered."}, {"start": "00:46:41", "end": "00:46:46", "text": "Th those are all our ships. If we ever"}, {"start": "00:46:44", "end": "00:46:48", "text": "get into World War II, which I hope"}, {"start": "00:46:46", "end": "00:46:51", "text": "never happens in our lifetime or our"}, {"start": "00:46:48", "end": "00:46:53", "text": "kids' lifetime or ever, but if we really"}, {"start": "00:46:51", "end": "00:46:57", "text": "do have World War II and we're not just"}, {"start": "00:46:53", "end": "00:47:01", "text": "all nuking, I bet you the US will will"}, {"start": "00:46:57", "end": "00:47:05", "text": "use all these like crazy futuristic"}, {"start": "00:47:01", "end": "00:47:08", "text": "never seen like"}, {"start": "00:47:05", "end": "00:47:10", "text": "fighter jets and all these things that"}, {"start": "00:47:08", "end": "00:47:12", "text": "no one have ever seen before that we've"}, {"start": "00:47:10", "end": "00:47:15", "text": "been sitting on for like 50 years. and"}, {"start": "00:47:12", "end": "00:47:17", "text": "reverse engineering and finally um"}, {"start": "00:47:15", "end": "00:47:19", "text": "getting to a point where they work."}, {"start": "00:47:17", "end": "00:47:21", "text": "That's why you see so many of them. You"}, {"start": "00:47:19", "end": "00:47:23", "text": "see all this footage of all these like"}, {"start": "00:47:21", "end": "00:47:25", "text": "advanced ships flying around. They're"}, {"start": "00:47:23", "end": "00:47:28", "text": "not aliens flying around. They're all"}, {"start": "00:47:25", "end": "00:47:30", "text": "our ships. But how did they get the"}, {"start": "00:47:28", "end": "00:47:32", "text": "technology? I think it's probably from a"}, {"start": "00:47:30", "end": "00:47:34", "text": "ship that we recovered in Roswell or"}, {"start": "00:47:32", "end": "00:47:36", "text": "whatever in Area 51. And we've been"}, {"start": "00:47:34", "end": "00:47:38", "text": "reverse engineering it all this time."}, {"start": "00:47:36", "end": "00:47:40", "text": "And we finally advanced to a point where"}, {"start": "00:47:38", "end": "00:47:41", "text": "we figured out how to reverse engineer"}, {"start": "00:47:40", "end": "00:47:44", "text": "them."}, {"start": "00:47:41", "end": "00:47:46", "text": "Um, so if they if we ever do have a"}, {"start": "00:47:44", "end": "00:47:49", "text": "World War II, I think we're g you're"}, {"start": "00:47:46", "end": "00:47:51", "text": "gonna see like the US use these crazy"}, {"start": "00:47:49", "end": "00:47:54", "text": "crazy"}, {"start": "00:47:51", "end": "00:47:56", "text": "ships or weapons that has never ever"}, {"start": "00:47:54", "end": "00:48:01", "text": "ever debuted before and it'll blow"}, {"start": "00:47:56", "end": "00:48:01", "text": "people away literally and figuratively."}, {"start": "00:48:37", "end": "00:48:48", "text": "Uh, ask Clash. Okay, I'll ask."}, {"start": "00:48:42", "end": "00:48:48", "text": "Do you think aliens are real?"}, {"start": "00:48:48", "end": "00:48:55", "text": "Let's see. Let's see if it has enough"}, {"start": "00:48:50", "end": "00:48:55", "text": "data for what the AI thinks."}, {"start": "00:49:02", "end": "00:49:06", "text": "Didn't say yes or no."}, {"start": "00:49:07", "end": "00:49:12", "text": "I'm going to reframe this because the"}, {"start": "00:49:10", "end": "00:49:15", "text": "question as asked, are aliens real"}, {"start": "00:49:12", "end": "00:49:17", "text": "conflict three separate claims that"}, {"start": "00:49:15", "end": "00:49:19", "text": "deserve different evidence standards?"}, {"start": "00:49:17", "end": "00:49:21", "text": "This is a pretty smart answer. This is"}, {"start": "00:49:19", "end": "00:49:24", "text": "how politicians answer. You don't answer"}, {"start": "00:49:21", "end": "00:49:26", "text": "directly. You dance around it. Life"}, {"start": "00:49:24", "end": "00:49:29", "text": "elsewhere in the universe mathematically"}, {"start": "00:49:26", "end": "00:49:31", "text": "near certain. Yes."}, {"start": "00:49:29", "end": "00:49:34", "text": "Billions of galaxies, hundreds of"}, {"start": "00:49:31", "end": "00:49:36", "text": "billions of stars per galaxy, right? If"}, {"start": "00:49:34", "end": "00:49:39", "text": "you're looking at the odds, for sure"}, {"start": "00:49:36", "end": "00:49:43", "text": "there's aliens elsewhere in the"}, {"start": "00:49:39", "end": "00:49:43", "text": "universe. 100%."}, {"start": "00:49:44", "end": "00:49:50", "text": "Now, the UFO UAP phenomenon, right? This"}, {"start": "00:49:48", "end": "00:49:52", "text": "is where evidence collapses. The"}, {"start": "00:49:50", "end": "00:49:55", "text": "Pentagon's UFO releases, recent CBS"}, {"start": "00:49:52", "end": "00:49:57", "text": "coverage, documents, sensor artifacts,"}, {"start": "00:49:55", "end": "00:50:00", "text": "atmospheric phenomenon, and identified"}, {"start": "00:49:57", "end": "00:50:02", "text": "objects. Okay. Does not mean alien."}, {"start": "00:50:00", "end": "00:50:06", "text": "Misidentification, sensor limitations,"}, {"start": "00:50:02", "end": "00:50:08", "text": "classified human tech,"}, {"start": "00:50:06", "end": "00:50:12", "text": "and statistical noise account for 95% of"}, {"start": "00:50:08", "end": "00:50:16", "text": "historical UAP cases. Once you apply the"}, {"start": "00:50:12", "end": "00:50:18", "text": "oam's razor, no physical artifact, no re"}, {"start": "00:50:16", "end": "00:50:21", "text": "reproducible signal, no propulsion"}, {"start": "00:50:18", "end": "00:50:22", "text": "mechanism ever recorded. Extraordinary"}, {"start": "00:50:21", "end": "00:50:25", "text": "claims require extraordinary evidence."}, {"start": "00:50:22", "end": "00:50:27", "text": "We have anecdotal and blur. And it got"}, {"start": "00:50:25", "end": "00:50:32", "text": "cut off there."}, {"start": "00:50:27", "end": "00:50:36", "text": "Yeah. See, classified human tech. That's"}, {"start": "00:50:32", "end": "00:50:38", "text": "the key right there. UFOs, UAPs, all the"}, {"start": "00:50:36", "end": "00:50:41", "text": "ones that we've been seeing. It's all"}, {"start": "00:50:38", "end": "00:50:43", "text": "it's all reverse engineer stuff that the"}, {"start": "00:50:41", "end": "00:50:48", "text": "US military has. Okay,"}, {"start": "00:50:43", "end": "00:50:50", "text": "that that I'm 100% certain. I'm just not"}, {"start": "00:50:48", "end": "00:50:52", "text": "sure where the technology came from. I"}, {"start": "00:50:50", "end": "00:50:54", "text": "don't believe that we just advanced so"}, {"start": "00:50:52", "end": "00:50:57", "text": "much that we developed it ourselves. I"}, {"start": "00:50:54", "end": "00:50:57", "text": "think it came from somewhere."}, {"start": "00:51:07", "end": "00:51:11", "text": "Still no update."}, {"start": "00:51:20", "end": "00:51:24", "text": "The great silence. No detected signals"}, {"start": "00:51:22", "end": "00:51:28", "text": "across decades of radio searches suggest"}, {"start": "00:51:24", "end": "00:51:31", "text": "either we're early life"}, {"start": "00:51:28", "end": "00:51:33", "text": "um intelligence self-destructs before"}, {"start": "00:51:31", "end": "00:51:36", "text": "broadcasting or detection methods are"}, {"start": "00:51:33", "end": "00:51:38", "text": "wrong. None rules out extra"}, {"start": "00:51:36", "end": "00:51:39", "text": "extraterrestrial intelligence. They're"}, {"start": "00:51:38", "end": "00:51:45", "text": "just saying it's not common enough."}, {"start": "00:51:39", "end": "00:51:47", "text": "Again, do we know how big SpaceX I mean"}, {"start": "00:51:45", "end": "00:51:50", "text": "space is?"}, {"start": "00:51:47", "end": "00:51:52", "text": "like"}, {"start": "00:51:50", "end": "00:51:55", "text": "our satellite, our farthest reaching"}, {"start": "00:51:52", "end": "00:51:58", "text": "satellite barely broke out of our"}, {"start": "00:51:55", "end": "00:52:01", "text": "solar system. Um,"}, {"start": "00:51:58", "end": "00:52:03", "text": "space is so big. It's it's the"}, {"start": "00:52:01", "end": "00:52:06", "text": "equivalent of taking a cup, going to"}, {"start": "00:52:03", "end": "00:52:09", "text": "ocean, grabbing a cup of water, and then"}, {"start": "00:52:06", "end": "00:52:14", "text": "saying that, well, there's no fish in"}, {"start": "00:52:09", "end": "00:52:16", "text": "here, so there's no fish in the ocean."}, {"start": "00:52:14", "end": "00:52:20", "text": "Like, you can't you can't just accept"}, {"start": "00:52:16", "end": "00:52:22", "text": "that. There's no way that's possible."}, {"start": "00:52:20", "end": "00:52:25", "text": "And we're just sending radio signals."}, {"start": "00:52:22", "end": "00:52:26", "text": "Like I if there were aliens that were"}, {"start": "00:52:25", "end": "00:52:28", "text": "truly more advanced than us, they"}, {"start": "00:52:26", "end": "00:52:32", "text": "wouldn't be using radio signals. They'd"}, {"start": "00:52:28", "end": "00:52:35", "text": "be using some kind of subspace"}, {"start": "00:52:32", "end": "00:52:39", "text": "communication like how Star Trek is. Um"}, {"start": "00:52:35", "end": "00:52:43", "text": "something that could traverse vast vast"}, {"start": "00:52:39", "end": "00:52:47", "text": "spans of of space and not wait like a"}, {"start": "00:52:43", "end": "00:52:47", "text": "hundred years for it to reach anywhere."}, {"start": "00:53:00", "end": "00:53:07", "text": "But you know, here's the thing relating"}, {"start": "00:53:03", "end": "00:53:11", "text": "this back to tech. How wild would it be"}, {"start": "00:53:07", "end": "00:53:14", "text": "that all this is just a simulation,"}, {"start": "00:53:11", "end": "00:53:16", "text": "right? Space, everything is simulation."}, {"start": "00:53:14", "end": "00:53:20", "text": "The reason why space is so vast and we"}, {"start": "00:53:16", "end": "00:53:26", "text": "keep finding more of it is because the"}, {"start": "00:53:20", "end": "00:53:28", "text": "program keeps making more. The program"}, {"start": "00:53:26", "end": "00:53:31", "text": "expands itself when we get to a"}, {"start": "00:53:28", "end": "00:53:32", "text": "capability where we can reach beyond"}, {"start": "00:53:31", "end": "00:53:36", "text": "what we're reaching, right? Or see"}, {"start": "00:53:32", "end": "00:53:38", "text": "beyond what we're see. It's like it's"}, {"start": "00:53:36", "end": "00:53:40", "text": "like with anything"}, {"start": "00:53:38", "end": "00:53:44", "text": "like we discovered atoms and then we"}, {"start": "00:53:40", "end": "00:53:48", "text": "smash those atoms and then we find you"}, {"start": "00:53:44", "end": "00:53:51", "text": "know electrons and protons and neutrons"}, {"start": "00:53:48", "end": "00:53:53", "text": "then we smash those. What do we find? We"}, {"start": "00:53:51", "end": "00:53:55", "text": "find quirks"}, {"start": "00:53:53", "end": "00:53:59", "text": "and then now we're trying to like go"}, {"start": "00:53:55", "end": "00:54:01", "text": "beyond. We like what's beyond quirs?"}, {"start": "00:53:59", "end": "00:54:03", "text": "What if you smash quirks together? Like"}, {"start": "00:54:01", "end": "00:54:05", "text": "these are things that you can't see."}, {"start": "00:54:03", "end": "00:54:08", "text": "They're like it just pops up out of"}, {"start": "00:54:05", "end": "00:54:13", "text": "nowhere, right? Like normal humans would"}, {"start": "00:54:08", "end": "00:54:17", "text": "never know about quirks or even"}, {"start": "00:54:13", "end": "00:54:19", "text": "atoms and all these things"}, {"start": "00:54:17", "end": "00:54:22", "text": "and just like more just comes out. The"}, {"start": "00:54:19", "end": "00:54:25", "text": "more the the deeper you dig, the more"}, {"start": "00:54:22", "end": "00:54:28", "text": "comes out. Like you got to think, did"}, {"start": "00:54:25", "end": "00:54:31", "text": "they really did it really exist or is"}, {"start": "00:54:28", "end": "00:54:34", "text": "just like being simulated because we"}, {"start": "00:54:31", "end": "00:54:36", "text": "have gotten that far?"}, {"start": "00:54:34", "end": "00:54:38", "text": "Same thing with space, you know, like"}, {"start": "00:54:36", "end": "00:54:41", "text": "our te our telescopes can only look so"}, {"start": "00:54:38", "end": "00:54:46", "text": "far, right? But we keep making bigger"}, {"start": "00:54:41", "end": "00:54:46", "text": "telescopes so we could see more."}, {"start": "00:54:46", "end": "00:54:51", "text": "So are are just more things being"}, {"start": "00:54:48", "end": "00:54:53", "text": "simulated now because we could see more"}, {"start": "00:54:51", "end": "00:54:56", "text": "or have they always existed? It makes"}, {"start": "00:54:53", "end": "00:54:56", "text": "you wonder."}, {"start": "00:55:11", "end": "00:55:17", "text": "This is all just all fun to think about."}, {"start": "00:55:15", "end": "00:55:20", "text": "Not that I have any proof, not that I'm"}, {"start": "00:55:17", "end": "00:55:24", "text": "a expert, just things that I have been"}, {"start": "00:55:20", "end": "00:55:26", "text": "hearing and and thinking about for quite"}, {"start": "00:55:24", "end": "00:55:28", "text": "some time."}, {"start": "00:55:26", "end": "00:55:29", "text": "I mean, this whole simulation theory I"}, {"start": "00:55:28", "end": "00:55:31", "text": "always thought is the most ridiculous"}, {"start": "00:55:29", "end": "00:55:34", "text": "thing ever that there's no way we're in"}, {"start": "00:55:31", "end": "00:55:37", "text": "a simulation. No way that life is a"}, {"start": "00:55:34", "end": "00:55:39", "text": "simulation. But just look at where AI is"}, {"start": "00:55:37", "end": "00:55:42", "text": "going right now, right? We're we're"}, {"start": "00:55:39", "end": "00:55:45", "text": "getting to a point where GTA 6, if it"}, {"start": "00:55:42", "end": "00:55:50", "text": "ever comes out, you could make every NPC"}, {"start": "00:55:45", "end": "00:55:53", "text": "an AI agent. You can train every NPC or"}, {"start": "00:55:50", "end": "00:55:57", "text": "you could program every NPC in the game"}, {"start": "00:55:53", "end": "00:56:00", "text": "to think it's real,"}, {"start": "00:55:57", "end": "00:56:03", "text": "okay? To go live out a certain life or"}, {"start": "00:56:00", "end": "00:56:06", "text": "live a mission and"}, {"start": "00:56:03", "end": "00:56:08", "text": "it would think the world that it's in,"}, {"start": "00:56:06", "end": "00:56:11", "text": "okay, and its interactions with other"}, {"start": "00:56:08", "end": "00:56:15", "text": "NPCs who are other AI agents and humans,"}, {"start": "00:56:11", "end": "00:56:18", "text": "it doesn't know the difference."}, {"start": "00:56:15", "end": "00:56:21", "text": "it would think that it's real. That that"}, {"start": "00:56:18", "end": "00:56:23", "text": "is its world,"}, {"start": "00:56:21", "end": "00:56:26", "text": "right? Like it wouldn't know the"}, {"start": "00:56:23", "end": "00:56:27", "text": "difference."}, {"start": "00:56:26", "end": "00:56:29", "text": "Just like us, we're just more"}, {"start": "00:56:27", "end": "00:56:31", "text": "sophisticated."}, {"start": "00:56:29", "end": "00:56:36", "text": "Like if we gotten to a point where we"}, {"start": "00:56:31", "end": "00:56:40", "text": "can pretty much do what we're talking"}, {"start": "00:56:36", "end": "00:56:43", "text": "about, then wouldn't you think some more"}, {"start": "00:56:40", "end": "00:56:44", "text": "advanced being or advanced humans could"}, {"start": "00:56:43", "end": "00:56:47", "text": "do the same thing? Like we've gotten to"}, {"start": "00:56:44", "end": "00:56:49", "text": "a point where AI can pretty much do"}, {"start": "00:56:47", "end": "00:56:51", "text": "that."}, {"start": "00:56:49", "end": "00:56:54", "text": "So who's to say that we're not living in"}, {"start": "00:56:51", "end": "00:56:54", "text": "a simulation,"}, {"start": "00:56:55", "end": "00:57:00", "text": "right?"}, {"start": "00:56:57", "end": "00:57:02", "text": "So again, not that I believe it. I still"}, {"start": "00:57:00", "end": "00:57:04", "text": "don't I I refuse to believe that we're"}, {"start": "00:57:02", "end": "00:57:07", "text": "living in a simulation and we're all"}, {"start": "00:57:04", "end": "00:57:12", "text": "simulated. Um"}, {"start": "00:57:07", "end": "00:57:14", "text": "but it's plausible. It can happen."}, {"start": "00:57:12", "end": "00:57:16", "text": "It could be the case."}, {"start": "00:57:14", "end": "00:57:20", "text": "And because our technology allows us to"}, {"start": "00:57:16", "end": "00:57:20", "text": "do the same thing."}, {"start": "00:57:30", "end": "00:57:33", "text": "If they are more advanced, why would"}, {"start": "00:57:31", "end": "00:57:36", "text": "they care about us or crash here like"}, {"start": "00:57:33", "end": "00:57:39", "text": "idiots? Hey, doesn't mean that they"}, {"start": "00:57:36", "end": "00:57:41", "text": "can't have failures. And maybe they care"}, {"start": "00:57:39", "end": "00:57:42", "text": "about us just like we care about"}, {"start": "00:57:41", "end": "00:57:46", "text": "animals."}, {"start": "00:57:42", "end": "00:57:49", "text": "We have pets that we care about. We have"}, {"start": "00:57:46", "end": "00:57:53", "text": "natural wildlife we care about. Maybe"}, {"start": "00:57:49", "end": "00:57:55", "text": "the ones that landed are are here to"}, {"start": "00:57:53", "end": "00:57:57", "text": "warn us. Maybe they didn't crash. Maybe"}, {"start": "00:57:55", "end": "00:57:59", "text": "they just landed and they're still"}, {"start": "00:57:57", "end": "00:58:01", "text": "working with the US government with the"}, {"start": "00:57:59", "end": "00:58:03", "text": "military and they're trying to prepare"}, {"start": "00:58:01", "end": "00:58:05", "text": "us for what's to come, which is the"}, {"start": "00:58:03", "end": "00:58:07", "text": "armada of ships to take over the planet"}, {"start": "00:58:05", "end": "00:58:09", "text": "for resources."}, {"start": "00:58:07", "end": "00:58:11", "text": "Like, you don't know. Just because"}, {"start": "00:58:09", "end": "00:58:13", "text": "they're aliens doesn't mean that, you"}, {"start": "00:58:11", "end": "00:58:15", "text": "know,"}, {"start": "00:58:13", "end": "00:58:17", "text": "they behave like humans."}, {"start": "00:58:15", "end": "00:58:20", "text": "Maybe just like in threebody problem,"}, {"start": "00:58:17", "end": "00:58:22", "text": "they're not able to lie."}, {"start": "00:58:20", "end": "00:58:27", "text": "Humans are great at lying. Maybe aliens"}, {"start": "00:58:22", "end": "00:58:27", "text": "can't lie. They never figured out how to"}, {"start": "00:58:39", "end": "00:58:44", "text": "Yeah, today really went off on a"}, {"start": "00:58:41", "end": "00:58:46", "text": "tangent, but you know, that's a Friday."}, {"start": "00:58:44", "end": "00:58:50", "text": "And plus, crypto is doing well today, so"}, {"start": "00:58:46", "end": "00:58:50", "text": "nothing to really complain about."}, {"start": "00:59:11", "end": "00:59:16", "text": "Even AI is learning how to lie. But I"}, {"start": "00:59:14", "end": "00:59:18", "text": "think they're learning that from humans"}, {"start": "00:59:16", "end": "00:59:21", "text": "though, right? Because we programmed AI"}, {"start": "00:59:18", "end": "00:59:23", "text": "to be a certain way."}, {"start": "00:59:21", "end": "00:59:26", "text": "I don't know."}, {"start": "00:59:23", "end": "00:59:28", "text": "It just seems like it's unlikely for"}, {"start": "00:59:26", "end": "00:59:32", "text": "intelligent being not to be able to lie,"}, {"start": "00:59:28", "end": "00:59:32", "text": "but you never know."}, {"start": "00:59:45", "end": "00:59:50", "text": "So when you're poor, is it because you"}, {"start": "00:59:48", "end": "00:59:53", "text": "were programmed wrong? No."}, {"start": "00:59:50", "end": "00:59:56", "text": "Everyone"}, {"start": "00:59:53", "end": "00:59:58", "text": "plays the hand they're dealt. Just like"}, {"start": "00:59:56", "end": "01:00:01", "text": "if we were programming AI,"}, {"start": "00:59:58", "end": "01:00:03", "text": "okay, some are dealt better hands than"}, {"start": "01:00:01", "end": "01:00:05", "text": "others, but it depends on what they do"}, {"start": "01:00:03", "end": "01:00:07", "text": "with that. Doesn't mean even we're all"}, {"start": "01:00:05", "end": "01:00:11", "text": "living in simulation, doesn't mean that"}, {"start": "01:00:07", "end": "01:00:15", "text": "we don't still have free will"}, {"start": "01:00:11", "end": "01:00:18", "text": "because AI does. If you program an NPC,"}, {"start": "01:00:15", "end": "01:00:22", "text": "which is a AI in a game, right, you you"}, {"start": "01:00:18", "end": "01:00:24", "text": "have certain external factors that are"}, {"start": "01:00:22", "end": "01:00:26", "text": "controlled like the environment they're"}, {"start": "01:00:24", "end": "01:00:28", "text": "in and what they're supposed to do, but"}, {"start": "01:00:26", "end": "01:00:31", "text": "for the most part, they have free will"}, {"start": "01:00:28", "end": "01:00:33", "text": "to do whatever unless you really limit"}, {"start": "01:00:31", "end": "01:00:36", "text": "them, right? But for the most part, they"}, {"start": "01:00:33", "end": "01:00:40", "text": "still have free will. So"}, {"start": "01:00:36", "end": "01:00:43", "text": "if we were all simulated and if"}, {"start": "01:00:40", "end": "01:00:47", "text": "everything was just simulated and our"}, {"start": "01:00:43", "end": "01:00:49", "text": "constraints are just our planet or our"}, {"start": "01:00:47", "end": "01:00:51", "text": "universe or our galaxy whatever right"}, {"start": "01:00:49", "end": "01:00:54", "text": "but doesn't mean that you were"}, {"start": "01:00:51", "end": "01:00:58", "text": "programmed to be poor the decisions you"}, {"start": "01:00:54", "end": "01:01:00", "text": "make are still your decisions"}, {"start": "01:00:58", "end": "01:01:00", "text": "that's how I think of"}, {"start": "01:01:17", "end": "01:01:21", "text": "aliens are demons. Someone else just"}, {"start": "01:01:19", "end": "01:01:25", "text": "said aliens are angels and now you're"}, {"start": "01:01:21", "end": "01:01:25", "text": "saying aliens are demons."}, {"start": "01:01:39", "end": "01:01:44", "text": "My theory is we rediscovered AI like"}, {"start": "01:01:42", "end": "01:01:45", "text": "electricity has always been there and we"}, {"start": "01:01:44", "end": "01:01:47", "text": "have access to it again. Just the"}, {"start": "01:01:45", "end": "01:01:49", "text": "theory. No, the theory goes beyond that."}, {"start": "01:01:47", "end": "01:01:51", "text": "Well, it's not a bad theory. The theory"}, {"start": "01:01:49", "end": "01:01:54", "text": "is consciousness"}, {"start": "01:01:51", "end": "01:01:56", "text": "has always been there. Okay, we just tap"}, {"start": "01:01:54", "end": "01:02:01", "text": "into it as human beings. And now we're"}, {"start": "01:01:56", "end": "01:02:04", "text": "tapping into consciousness with AI. So"}, {"start": "01:02:01", "end": "01:02:06", "text": "the the running theory is consciousness,"}, {"start": "01:02:04", "end": "01:02:08", "text": "whatever it is. That's the only thing"}, {"start": "01:02:06", "end": "01:02:13", "text": "that matters. That's the only thing that"}, {"start": "01:02:08", "end": "01:02:16", "text": "exists in the world. And tapping into it"}, {"start": "01:02:13", "end": "01:02:19", "text": "is what matters. And somehow human"}, {"start": "01:02:16", "end": "01:02:22", "text": "beings have,"}, {"start": "01:02:19", "end": "01:02:26", "text": "right, or aliens or whoever. And now we"}, {"start": "01:02:22", "end": "01:02:26", "text": "have tapped into it with AI."}, {"start": "01:02:27", "end": "01:02:30", "text": "I don't know if I believe that. It's"}, {"start": "01:02:29", "end": "01:02:32", "text": "it's too"}, {"start": "01:02:30", "end": "01:02:36", "text": "it's too high level for me to think"}, {"start": "01:02:32", "end": "01:02:36", "text": "about that way."}, {"start": "01:02:43", "end": "01:02:48", "text": "Yeah. Like an antform. Like I know this"}, {"start": "01:02:47", "end": "01:02:51", "text": "might piss off a lot of religious"}, {"start": "01:02:48", "end": "01:02:53", "text": "people, but"}, {"start": "01:02:51", "end": "01:02:54", "text": "like"}, {"start": "01:02:53", "end": "01:02:58", "text": "you know there there's a lot of people"}, {"start": "01:02:54", "end": "01:03:00", "text": "that that try to counter God or how God"}, {"start": "01:02:58", "end": "01:03:04", "text": "created life or created everything and"}, {"start": "01:03:00", "end": "01:03:07", "text": "say, \"Well, why does God allow bad"}, {"start": "01:03:04", "end": "01:03:10", "text": "things to happen or bad people to do bad"}, {"start": "01:03:07", "end": "01:03:13", "text": "things and why is it a utopia?\" Like I"}, {"start": "01:03:10", "end": "01:03:17", "text": "equate it to the same as if we have an"}, {"start": "01:03:13", "end": "01:03:21", "text": "ant farm or we're growing vegetables or"}, {"start": "01:03:17", "end": "01:03:25", "text": "we're doing something, right? Like we"}, {"start": "01:03:21", "end": "01:03:29", "text": "start it and we just let it go. If you"}, {"start": "01:03:25", "end": "01:03:31", "text": "start a garden, you try to do your best,"}, {"start": "01:03:29", "end": "01:03:34", "text": "right? But there will be animals that"}, {"start": "01:03:31", "end": "01:03:37", "text": "eat it. There will be insects that eat"}, {"start": "01:03:34", "end": "01:03:38", "text": "it. Maybe there's a drought. Maybe"}, {"start": "01:03:37", "end": "01:03:41", "text": "something happens. This doesn't mean"}, {"start": "01:03:38", "end": "01:03:43", "text": "that you are malicious."}, {"start": "01:03:41", "end": "01:03:47", "text": "You try, you do your best, but you still"}, {"start": "01:03:43", "end": "01:03:51", "text": "let it go, right? Same thing with ant"}, {"start": "01:03:47", "end": "01:03:53", "text": "farm or anything that you may have."}, {"start": "01:03:51", "end": "01:03:56", "text": "You start it, you give it a good start"}, {"start": "01:03:53", "end": "01:03:58", "text": "and that could be the big bang, okay? Or"}, {"start": "01:03:56", "end": "01:04:02", "text": "maybe before that,"}, {"start": "01:03:58", "end": "01:04:05", "text": "you know, that could have been started"}, {"start": "01:04:02", "end": "01:04:08", "text": "by God or aliens, whatever you believe"}, {"start": "01:04:05", "end": "01:04:10", "text": "in. And then you just let things go. It"}, {"start": "01:04:08", "end": "01:04:15", "text": "doesn't mean that you programmed every"}, {"start": "01:04:10", "end": "01:04:18", "text": "single being to be evil or good or you"}, {"start": "01:04:15", "end": "01:04:21", "text": "you you know you set them on a certain"}, {"start": "01:04:18", "end": "01:04:23", "text": "path. I think it's all free will. You"}, {"start": "01:04:21", "end": "01:04:25", "text": "just started"}, {"start": "01:04:23", "end": "01:04:27", "text": "everything but doesn't mean that you"}, {"start": "01:04:25", "end": "01:04:30", "text": "control everything. That's kind of how I"}, {"start": "01:04:27", "end": "01:04:33", "text": "see it. I think logically that makes a"}, {"start": "01:04:30", "end": "01:04:36", "text": "lot more sense rather than the"}, {"start": "01:04:33", "end": "01:04:39", "text": "alternative which is everyone is"}, {"start": "01:04:36", "end": "01:04:42", "text": "programmed with a certain life and the"}, {"start": "01:04:39", "end": "01:04:44", "text": "outcomes are known already. Um because"}, {"start": "01:04:42", "end": "01:04:48", "text": "if that's the case then it's not really"}, {"start": "01:04:44", "end": "01:04:48", "text": "free will at all."}, {"start": "01:05:17", "end": "01:05:25", "text": "Uh yeah. So uh still not updating. So no"}, {"start": "01:05:21", "end": "01:05:28", "text": "uh no no Space X quotes today. May maybe"}, {"start": "01:05:25", "end": "01:05:33", "text": "for an entire day. I don't know. I I've"}, {"start": "01:05:28", "end": "01:05:33", "text": "never really paid attention an open day."}, {"start": "01:05:34", "end": "01:05:40", "text": "on open day. This the ticker should be"}, {"start": "01:05:37", "end": "01:05:44", "text": "updating, right? Unless it's it doesn't"}, {"start": "01:05:40", "end": "01:05:44", "text": "do it on open day."}, {"start": "01:06:02", "end": "01:06:10", "text": "Canon Peacock. Yeah, I I am not I'm I I"}, {"start": "01:06:06", "end": "01:06:12", "text": "I am religious. I do believe in God, but"}, {"start": "01:06:10", "end": "01:06:15", "text": "that is not the Christian worldview. I"}, {"start": "01:06:12", "end": "01:06:17", "text": "don't believe that. I've seen a lot of"}, {"start": "01:06:15", "end": "01:06:19", "text": "Christian people and a lot of"}, {"start": "01:06:17", "end": "01:06:23", "text": "non-believers and atheists and point"}, {"start": "01:06:19", "end": "01:06:27", "text": "this stuff out. I don't think"}, {"start": "01:06:23", "end": "01:06:29", "text": "I I haven't heard of like"}, {"start": "01:06:27", "end": "01:06:30", "text": "I don't know, maybe I just don't listen"}, {"start": "01:06:29", "end": "01:06:32", "text": "enough. I don't think that's the"}, {"start": "01:06:30", "end": "01:06:35", "text": "worldview of Christians."}, {"start": "01:06:32", "end": "01:06:37", "text": "Not all of them at least. Some are very"}, {"start": "01:06:35", "end": "01:06:39", "text": "strict"}, {"start": "01:06:37", "end": "01:06:44", "text": "in their worldview. But uh my worldview"}, {"start": "01:06:39", "end": "01:06:44", "text": "of of basically"}, {"start": "01:06:46", "end": "01:06:50", "text": "yeah my worldview is what I just"}, {"start": "01:06:48", "end": "01:06:54", "text": "explained. Whether that's God that did"}, {"start": "01:06:50", "end": "01:06:58", "text": "it or alien did it or or like some kind"}, {"start": "01:06:54", "end": "01:07:01", "text": "of intelligent life that started the if"}, {"start": "01:06:58", "end": "01:07:04", "text": "this all simulation it's all the same"}, {"start": "01:07:01", "end": "01:07:07", "text": "thing. The if you think about it it's"}, {"start": "01:07:04", "end": "01:07:10", "text": "it's all the same."}, {"start": "01:07:07", "end": "01:07:13", "text": "It doesn't matter if we are real and"}, {"start": "01:07:10", "end": "01:07:17", "text": "starred by God or we're real and we're"}, {"start": "01:07:13", "end": "01:07:19", "text": "we're not real and we're a simulation or"}, {"start": "01:07:17", "end": "01:07:24", "text": "uh we're real and we're not started by"}, {"start": "01:07:19", "end": "01:07:27", "text": "God by alien civilization. All three"}, {"start": "01:07:24", "end": "01:07:31", "text": "would be still the same."}, {"start": "01:07:27", "end": "01:07:34", "text": "Something started everything and it just"}, {"start": "01:07:31", "end": "01:07:36", "text": "let things go and then we are where we"}, {"start": "01:07:34", "end": "01:07:39", "text": "are because of it."}, {"start": "01:07:36", "end": "01:07:42", "text": "So if you think about it,"}, {"start": "01:07:39", "end": "01:07:44", "text": "it's just how it is. Oh, it's"}, {"start": "01:07:42", "end": "01:07:48", "text": "every scenario"}, {"start": "01:07:44", "end": "01:07:48", "text": "is the same."}, {"start": "01:08:03", "end": "01:08:08", "text": "How about those necks? I can't stand the"}, {"start": "01:08:05", "end": "01:08:11", "text": "Knicks now. Why are they, you know, they"}, {"start": "01:08:08", "end": "01:08:14", "text": "won the game, which they should not"}, {"start": "01:08:11", "end": "01:08:16", "text": "have. Spurs totally blew it, but then"}, {"start": "01:08:14", "end": "01:08:20", "text": "why are they throwing eggs and shouting"}, {"start": "01:08:16", "end": "01:08:23", "text": "at WBY? They won the freaking game,"}, {"start": "01:08:20", "end": "01:08:26", "text": "right? Do Do you not want competition?"}, {"start": "01:08:23", "end": "01:08:28", "text": "Do you not want to see a good game?"}, {"start": "01:08:26", "end": "01:08:31", "text": "Like, I I don't get the whole concept of"}, {"start": "01:08:28", "end": "01:08:34", "text": "the Knicks fans going after Webby after"}, {"start": "01:08:31", "end": "01:08:37", "text": "they won the game. if they lost or they"}, {"start": "01:08:34", "end": "01:08:40", "text": "got blown out, I could see their anger,"}, {"start": "01:08:37", "end": "01:08:44", "text": "but they're like throwing stuff at Wemb"}, {"start": "01:08:40", "end": "01:08:48", "text": "and and and shouting at him and cursing"}, {"start": "01:08:44", "end": "01:08:51", "text": "at him for being a good player"}, {"start": "01:08:48", "end": "01:08:55", "text": "and making the series competitive. Like,"}, {"start": "01:08:51", "end": "01:08:59", "text": "that makes no sense to me."}, {"start": "01:08:55", "end": "01:09:02", "text": "So, yeah, it's making me hate the Knicks"}, {"start": "01:08:59", "end": "01:09:07", "text": "and hate all those"}, {"start": "01:09:02", "end": "01:09:07", "text": "New Yorkers that are doing that."}, {"start": "01:09:13", "end": "01:09:18", "text": "All right, guys."}, {"start": "01:09:15", "end": "01:09:20", "text": "Time to go. Can't there's nothing"}, {"start": "01:09:18", "end": "01:09:23", "text": "nothing being updated. Can't see the"}, {"start": "01:09:20", "end": "01:09:27", "text": "ticker. So, really nothing else to look"}, {"start": "01:09:23", "end": "01:09:29", "text": "at. Um, but"}, {"start": "01:09:27", "end": "01:09:31", "text": "SpaceX holds a ton of Bitcoin. Hopefully"}, {"start": "01:09:29", "end": "01:09:34", "text": "they up that"}, {"start": "01:09:31", "end": "01:09:38", "text": "and the war may be coming over maybe"}, {"start": "01:09:34", "end": "01:09:38", "text": "ending soon."}, {"start": "01:09:40", "end": "01:09:44", "text": "Uh"}, {"start": "01:09:42", "end": "01:09:46", "text": "man, now now we got an update on the"}, {"start": "01:09:44", "end": "01:09:49", "text": "war. Trump denies Iran's account of the"}, {"start": "01:09:46", "end": "01:09:53", "text": "deal terms, decrees new drone attack,"}, {"start": "01:09:49", "end": "01:09:53", "text": "dishonorable people."}, {"start": "01:10:00", "end": "01:10:05", "text": "What I I don't know what this means."}, {"start": "01:10:03", "end": "01:10:08", "text": "It was just announced that they have a"}, {"start": "01:10:05", "end": "01:10:10", "text": "deal and things are going to be good."}, {"start": "01:10:08", "end": "01:10:12", "text": "And now what does it seem like? They"}, {"start": "01:10:10", "end": "01:10:14", "text": "don't have a deal"}, {"start": "01:10:12", "end": "01:10:17", "text": "because he's calling them dishonorable"}, {"start": "01:10:14", "end": "01:10:20", "text": "people and there's new drone attacks. I"}, {"start": "01:10:17", "end": "01:10:22", "text": "don't I don't really know. This just"}, {"start": "01:10:20", "end": "01:10:24", "text": "came out five minutes ago. I thought we"}, {"start": "01:10:22", "end": "01:10:27", "text": "had a deal."}, {"start": "01:10:24", "end": "01:10:30", "text": "Just seems like it just flip-flops every"}, {"start": "01:10:27", "end": "01:10:30", "text": "single minute."}, {"start": "01:10:31", "end": "01:10:36", "text": "So, I don't know. All right, guys. I'll"}, {"start": "01:10:34", "end": "01:10:38", "text": "leave leave you guys with that thing and"}, {"start": "01:10:36", "end": "01:10:41", "text": "you get all your answers on Ask Clash,"}, {"start": "01:10:38", "end": "01:10:44", "text": "too. Uh remember, day one sellers are"}, {"start": "01:10:41", "end": "01:10:46", "text": "smarter than day one buyers."}, {"start": "01:10:44", "end": "01:10:49", "text": "If you take one thing from today's"}, {"start": "01:10:46", "end": "01:10:52", "text": "stream, day one sellers are smarter than"}, {"start": "01:10:49", "end": "01:10:54", "text": "day one buyers."}, {"start": "01:10:52", "end": "01:10:57", "text": "All right, guys. Have a good one. Take"}, {"start": "01:10:54", "end": "01:11:00", "text": "care. Enjoy your weekend. And I'll see"}, {"start": "01:10:57", "end": "01:11:00", "text": "you guys later. All right."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Welcome back, guys. So, there are two"}, {"start": "00:00:03", "end": "00:00:08", "text": "major things you need to know about"}, {"start": "00:00:05", "end": "00:00:10", "text": "before tomorrow,"}, {"start": "00:00:08", "end": "00:00:13", "text": "and that's what this video is about. All"}, {"start": "00:00:10", "end": "00:00:15", "text": "right, let's talk about it. First thing"}, {"start": "00:00:13", "end": "00:00:18", "text": "is, as you can see, Bitcoin is obviously"}, {"start": "00:00:15", "end": "00:00:21", "text": "doing better today versus yesterday."}, {"start": "00:00:18", "end": "00:00:25", "text": "We're a little bit below 64,000, up"}, {"start": "00:00:21", "end": "00:00:28", "text": "about 3% and most things are green"}, {"start": "00:00:25", "end": "00:00:32", "text": "today. Most of the alts have risen and"}, {"start": "00:00:28", "end": "00:00:34", "text": "AI tech has really rallied today but"}, {"start": "00:00:32", "end": "00:00:36", "text": "overall you can see everything is in"}, {"start": "00:00:34", "end": "00:00:39", "text": "green and Bitcoin is doing well and"}, {"start": "00:00:36", "end": "00:00:42", "text": "trending upwards. Okay, two reasons for"}, {"start": "00:00:39", "end": "00:00:44", "text": "this. Number one,"}, {"start": "00:00:42", "end": "00:00:46", "text": "we've been hearing this back and forth"}, {"start": "00:00:44", "end": "00:00:51", "text": "back and forth and how Trump was going"}, {"start": "00:00:46", "end": "00:00:55", "text": "to attack today. Okay. Make new strikes,"}, {"start": "00:00:51", "end": "00:00:57", "text": "take Car Island. And basically"}, {"start": "00:00:55", "end": "00:01:01", "text": "he was frustrated. Okay. Saying that"}, {"start": "00:00:57", "end": "00:01:05", "text": "Iran was playing uh was taking too long,"}, {"start": "00:01:01", "end": "00:01:07", "text": "just never going to settle. I mean,"}, {"start": "00:01:05", "end": "00:01:12", "text": "there were many reasons. Basically,"}, {"start": "00:01:07", "end": "00:01:16", "text": "Trump was fed up waiting. Um and this"}, {"start": "00:01:12", "end": "00:01:18", "text": "came out, you know, earlier today and he"}, {"start": "00:01:16", "end": "00:01:20", "text": "claims that they have settled. Okay."}, {"start": "00:01:18", "end": "00:01:23", "text": "that"}, {"start": "00:01:20", "end": "00:01:26", "text": "this could be coming to an end. Subject"}, {"start": "00:01:23", "end": "00:01:32", "text": "to finalization, expect signing in a few"}, {"start": "00:01:26", "end": "00:01:33", "text": "days. So, is this true? Is this actually"}, {"start": "00:01:32", "end": "00:01:36", "text": "going to happen? We've been hearing"}, {"start": "00:01:33", "end": "00:01:38", "text": "about things about, hey, you know, it's"}, {"start": "00:01:36", "end": "00:01:40", "text": "going to come in a few days. We"}, {"start": "00:01:38", "end": "00:01:42", "text": "negotiate something and then we have"}, {"start": "00:01:40", "end": "00:01:44", "text": "some more escalation and we have some"}, {"start": "00:01:42", "end": "00:01:47", "text": "retaliation. Then we hear more about"}, {"start": "00:01:44", "end": "00:01:49", "text": "it's coming in a few days, right? It did"}, {"start": "00:01:47", "end": "00:01:54", "text": "seem like he was dead set. Him and Pete"}, {"start": "00:01:49", "end": "00:01:56", "text": "Hex Hexath was dead set on attacking"}, {"start": "00:01:54", "end": "00:01:59", "text": "today, but you know maybe again it was"}, {"start": "00:01:56", "end": "00:02:01", "text": "just negotiating tactic and uh this you"}, {"start": "00:01:59", "end": "00:02:06", "text": "know the White House put this out saying"}, {"start": "00:02:01", "end": "00:02:08", "text": "that they have stopped. Okay, the they"}, {"start": "00:02:06", "end": "00:02:10", "text": "canled the scheduled strikes. So if this"}, {"start": "00:02:08", "end": "00:02:12", "text": "is true and the war is actually going to"}, {"start": "00:02:10", "end": "00:02:15", "text": "end in a few days, this will be very"}, {"start": "00:02:12", "end": "00:02:17", "text": "very positive for markets, for everyone,"}, {"start": "00:02:15", "end": "00:02:20", "text": "not just markets, for everyone around"}, {"start": "00:02:17", "end": "00:02:22", "text": "the world and we can move past this. And"}, {"start": "00:02:20", "end": "00:02:26", "text": "the White House also tweeted out saying"}, {"start": "00:02:22", "end": "00:02:28", "text": "that Iran will never have a nuclear"}, {"start": "00:02:26", "end": "00:02:31", "text": "weapon. That"}, {"start": "00:02:28", "end": "00:02:35", "text": "was probably part of the deal."}, {"start": "00:02:31", "end": "00:02:38", "text": "So this is number one and this will be"}, {"start": "00:02:35", "end": "00:02:40", "text": "absolutely fantastic. This is one of the"}, {"start": "00:02:38", "end": "00:02:43", "text": "big reasons why we rallied today because"}, {"start": "00:02:40", "end": "00:02:46", "text": "it seems like this is for real and"}, {"start": "00:02:43", "end": "00:02:49", "text": "markets are reacting positively."}, {"start": "00:02:46", "end": "00:02:50", "text": "Okay. And by the way I saw this too."}, {"start": "00:02:49", "end": "00:02:53", "text": "United States becomes the world's"}, {"start": "00:02:50", "end": "00:02:56", "text": "largest oil exporter surpassing Saudi"}, {"start": "00:02:53", "end": "00:02:58", "text": "Arabia. I don't doubt this. I mean,"}, {"start": "00:02:56", "end": "00:03:02", "text": "think about what happened with Venezuela"}, {"start": "00:02:58", "end": "00:03:04", "text": "with Austral being blockade or having a"}, {"start": "00:03:02", "end": "00:03:06", "text": "blockade, right? Disruption of"}, {"start": "00:03:04", "end": "00:03:08", "text": "everything."}, {"start": "00:03:06", "end": "00:03:13", "text": "There's a reason. There's a reason why"}, {"start": "00:03:08", "end": "00:03:15", "text": "we did it. And this is"}, {"start": "00:03:13", "end": "00:03:19", "text": "probably one of the biggest reasons."}, {"start": "00:03:15", "end": "00:03:20", "text": "Now, we are the largest oil exporter."}, {"start": "00:03:19", "end": "00:03:22", "text": "And this probably doesn't even count"}, {"start": "00:03:20", "end": "00:03:26", "text": "Venezuela, too, which we get a portion"}, {"start": "00:03:22", "end": "00:03:29", "text": "of. So, just to throw that out there,"}, {"start": "00:03:26", "end": "00:03:31", "text": "nothing is ever done without serving"}, {"start": "00:03:29", "end": "00:03:34", "text": "some kind of self-interest, okay,"}, {"start": "00:03:31", "end": "00:03:38", "text": "especially with these wars. Now, the"}, {"start": "00:03:34", "end": "00:03:40", "text": "second thing, okay, that's happening"}, {"start": "00:03:38", "end": "00:03:42", "text": "tomorrow, I think most of you guys know,"}, {"start": "00:03:40", "end": "00:03:46", "text": "and it's also part of reason why we"}, {"start": "00:03:42", "end": "00:03:49", "text": "added so much today. Is this the SpaceX"}, {"start": "00:03:46", "end": "00:03:53", "text": "IPO? Okay, there's so much talk about"}, {"start": "00:03:49", "end": "00:03:55", "text": "it. Everyone is trying to gauge it. It"}, {"start": "00:03:53", "end": "00:03:58", "text": "is overallocated."}, {"start": "00:03:55", "end": "00:04:00", "text": "This IPO is going to be the biggest in"}, {"start": "00:03:58", "end": "00:04:03", "text": "history."}, {"start": "00:04:00", "end": "00:04:05", "text": "Biggest in history. And Oppenheimer is"}, {"start": "00:04:03", "end": "00:04:08", "text": "placing"}, {"start": "00:04:05", "end": "00:04:12", "text": "outperform rating and 190 price target"}, {"start": "00:04:08", "end": "00:04:16", "text": "even though it's set to debut at 135. So"}, {"start": "00:04:12", "end": "00:04:23", "text": "if it does close at 190, it would"}, {"start": "00:04:16", "end": "00:04:26", "text": "evaluate or evaluate the uh what is it"}, {"start": "00:04:23", "end": "00:04:30", "text": "2.5 trillion that would be the market"}, {"start": "00:04:26", "end": "00:04:32", "text": "cap after tomorrow. So everyone is"}, {"start": "00:04:30", "end": "00:04:36", "text": "looking out for this. We had a lot of"}, {"start": "00:04:32", "end": "00:04:37", "text": "capital rotation out of crypto for this,"}, {"start": "00:04:36", "end": "00:04:40", "text": "right? What is going to happen"}, {"start": "00:04:37", "end": "00:04:41", "text": "afterwards? Well, one thing's for sure."}, {"start": "00:04:40", "end": "00:04:43", "text": "Elon is going to become the world's"}, {"start": "00:04:41", "end": "00:04:46", "text": "first trillionaire. Even though some"}, {"start": "00:04:43", "end": "00:04:49", "text": "argue there are some oil tycoons or"}, {"start": "00:04:46", "end": "00:04:50", "text": "maybe Putin and world leaders that are"}, {"start": "00:04:49", "end": "00:04:53", "text": "trillionaires already, they're not"}, {"start": "00:04:50", "end": "00:04:56", "text": "documented. Elon Musk will become the"}, {"start": "00:04:53", "end": "00:05:00", "text": "first world's documented trillionaire."}, {"start": "00:04:56", "end": "00:05:02", "text": "Paper trillionaire nevertheless, but"}, {"start": "00:05:00", "end": "00:05:05", "text": "trillionaire."}, {"start": "00:05:02", "end": "00:05:09", "text": "Trillion with a T. It's already"}, {"start": "00:05:05", "end": "00:05:14", "text": "unfathomable to become a billionaire."}, {"start": "00:05:09", "end": "00:05:17", "text": "Now he will become trillionaire."}, {"start": "00:05:14", "end": "00:05:20", "text": "Let that sink in for a little bit. Let"}, {"start": "00:05:17", "end": "00:05:24", "text": "that sink in for a little bit. Okay. Uh"}, {"start": "00:05:20", "end": "00:05:26", "text": "some stats, okay, about this. SpaceX is"}, {"start": "00:05:24", "end": "00:05:28", "text": "now 2.4 times larger than the total"}, {"start": "00:05:26", "end": "00:05:29", "text": "amount raised in the previous largest"}, {"start": "00:05:28", "end": "00:05:34", "text": "IPO."}, {"start": "00:05:29", "end": "00:05:37", "text": "uh they raised 75 billion just with"}, {"start": "00:05:34", "end": "00:05:40", "text": "retail, right? I mean the numbers are"}, {"start": "00:05:37", "end": "00:05:43", "text": "just staggering. And if they do open up"}, {"start": "00:05:40", "end": "00:05:45", "text": "at 2.5 billion, where would that put"}, {"start": "00:05:43", "end": "00:05:48", "text": "them? Like they would that would put"}, {"start": "00:05:45", "end": "00:05:50", "text": "them right around uh you know some"}, {"start": "00:05:48", "end": "00:05:52", "text": "somewhere between seven and six. Maybe"}, {"start": "00:05:50", "end": "00:05:55", "text": "they'll they'll be right under Amazon."}, {"start": "00:05:52", "end": "00:05:58", "text": "Amazon is right 2.59. They may even be"}, {"start": "00:05:55", "end": "00:06:00", "text": "above Amazon. So after SpaceX come out,"}, {"start": "00:05:58", "end": "00:06:02", "text": "it could be they could be top five,"}, {"start": "00:06:00", "end": "00:06:03", "text": "right under Microsoft. I don't think"}, {"start": "00:06:02", "end": "00:06:06", "text": "they're going to exceed Microsoft."}, {"start": "00:06:03", "end": "00:06:10", "text": "Microsoft is around three. And then you"}, {"start": "00:06:06", "end": "00:06:11", "text": "have Apple, Google, and Nvidia, which"}, {"start": "00:06:10", "end": "00:06:14", "text": "pretty much all had good days except"}, {"start": "00:06:11", "end": "00:06:17", "text": "Microsoft. So, we'll see how hot things"}, {"start": "00:06:14", "end": "00:06:18", "text": "get tomorrow. Okay? If it gets really,"}, {"start": "00:06:17", "end": "00:06:21", "text": "really hot, it could even be at number"}, {"start": "00:06:18", "end": "00:06:22", "text": "four and surpass Microsoft and go to 3"}, {"start": "00:06:21", "end": "00:06:26", "text": "trillion. But I don't think that's going"}, {"start": "00:06:22", "end": "00:06:28", "text": "to be the case. Regardless,"}, {"start": "00:06:26", "end": "00:06:32", "text": "it's coming. It's coming. Now, how does"}, {"start": "00:06:28", "end": "00:06:35", "text": "this relate to crypto, right? Well,"}, {"start": "00:06:32", "end": "00:06:37", "text": "first of all, SpaceX in their filing"}, {"start": "00:06:35", "end": "00:06:39", "text": "says they hold about 18,712"}, {"start": "00:06:37", "end": "00:06:42", "text": "Bitcoin."}, {"start": "00:06:39", "end": "00:06:45", "text": "So, that's worth over $1 billion. So,"}, {"start": "00:06:42", "end": "00:06:48", "text": "that's something. That's significant."}, {"start": "00:06:45", "end": "00:06:51", "text": "Okay. for for a let's say a top five"}, {"start": "00:06:48", "end": "00:06:54", "text": "even if it's not top five top 10 fortune"}, {"start": "00:06:51", "end": "00:06:58", "text": "company to hold over a billion dollars"}, {"start": "00:06:54", "end": "00:06:59", "text": "in Bitcoin that's a big endorsement"}, {"start": "00:06:58", "end": "00:07:03", "text": "okay even though Elon has not talked"}, {"start": "00:06:59", "end": "00:07:06", "text": "that much about Bitcoin action says more"}, {"start": "00:07:03", "end": "00:07:08", "text": "and plus Tesla also has a lot of Bitcoin"}, {"start": "00:07:06", "end": "00:07:11", "text": "and if they somehow merge well they'll"}, {"start": "00:07:08", "end": "00:07:14", "text": "have hold even more so that's number one"}, {"start": "00:07:11", "end": "00:07:16", "text": "number two is the CEO of strategy is"}, {"start": "00:07:14", "end": "00:07:19", "text": "saying there could be a capital rotation"}, {"start": "00:07:16", "end": "00:07:22", "text": "outwards, right? Because a lot of money"}, {"start": "00:07:19", "end": "00:07:24", "text": "flew out of crypto, went into SpaceX,"}, {"start": "00:07:22", "end": "00:07:27", "text": "okay? And if they make a lot of money,"}, {"start": "00:07:24", "end": "00:07:30", "text": "guess what? Money's going to come out,"}, {"start": "00:07:27", "end": "00:07:32", "text": "rotate out, and go back into Bitcoin and"}, {"start": "00:07:30", "end": "00:07:36", "text": "crypto."}, {"start": "00:07:32", "end": "00:07:38", "text": "He says by 500 billion capital rotation."}, {"start": "00:07:36", "end": "00:07:40", "text": "I don't know if it's right away, but if"}, {"start": "00:07:38", "end": "00:07:43", "text": "the SpaceX bubble does burst, it will"}, {"start": "00:07:40", "end": "00:07:45", "text": "definitely do that."}, {"start": "00:07:43", "end": "00:07:47", "text": "Okay. and money is going to flow out and"}, {"start": "00:07:45", "end": "00:07:49", "text": "people are going to look for shinier"}, {"start": "00:07:47", "end": "00:07:51", "text": "investments like Bitcoin and crypto"}, {"start": "00:07:49", "end": "00:07:54", "text": "since we're down so much. I could"}, {"start": "00:07:51", "end": "00:07:56", "text": "definitely see that happen, right? So,"}, {"start": "00:07:54", "end": "00:07:59", "text": "we'll see. We'll see. Tomorrow will be"}, {"start": "00:07:56", "end": "00:08:01", "text": "an interesting day. Now, right now,"}, {"start": "00:07:59", "end": "00:08:06", "text": "crypto trading is at a two-year low."}, {"start": "00:08:01", "end": "00:08:10", "text": "Okay. FUD is high."}, {"start": "00:08:06", "end": "00:08:13", "text": "A lot of things are quite low right now."}, {"start": "00:08:10", "end": "00:08:16", "text": "That could be a very good thing. relief"}, {"start": "00:08:13", "end": "00:08:19", "text": "rally. This is usually a time when we"}, {"start": "00:08:16", "end": "00:08:22", "text": "see a turnaround, crypto bottoms, winter"}, {"start": "00:08:19", "end": "00:08:25", "text": "bottoms. This is what we're seeing. And"}, {"start": "00:08:22", "end": "00:08:29", "text": "today we're coming up a little bit and"}, {"start": "00:08:25", "end": "00:08:33", "text": "we're seeing a lot of longs. Well, not"}, {"start": "00:08:29", "end": "00:08:37", "text": "as much more shorts finally. Okay. being"}, {"start": "00:08:33", "end": "00:08:40", "text": "wrecked and being how well seeing how"}, {"start": "00:08:37", "end": "00:08:43", "text": "low we are and how oversold we are. If"}, {"start": "00:08:40", "end": "00:08:45", "text": "we do get more liquidations, okay, to"}, {"start": "00:08:43", "end": "00:08:46", "text": "the short side and we get some more"}, {"start": "00:08:45", "end": "00:08:50", "text": "short squeezes, that could definitely"}, {"start": "00:08:46", "end": "00:08:52", "text": "help drive us higher."}, {"start": "00:08:50", "end": "00:08:57", "text": "All right, guys. That's pretty much it."}, {"start": "00:08:52", "end": "00:09:00", "text": "Overall, I think we're in a good spot."}, {"start": "00:08:57", "end": "00:09:03", "text": "Okay. Uh we'll have to see where Bitcoin"}, {"start": "00:09:00", "end": "00:09:06", "text": "heads tomorrow. How"}, {"start": "00:09:03", "end": "00:09:08", "text": "frothy tomorrow will be with SpaceX and"}, {"start": "00:09:06", "end": "00:09:11", "text": "with all the AI plays and with Bitcoin"}, {"start": "00:09:08", "end": "00:09:13", "text": "and crypto. You know, hopefully tomorrow"}, {"start": "00:09:11", "end": "00:09:16", "text": "is a good day. It's looking like it will"}, {"start": "00:09:13", "end": "00:09:20", "text": "be a good day."}, {"start": "00:09:16", "end": "00:09:21", "text": "So, stay strong, my friends. I'll see"}, {"start": "00:09:20", "end": "00:09:24", "text": "you guys tomorrow. By the way, on our"}, {"start": "00:09:21", "end": "00:09:26", "text": "ProCharts updated a lot of the drawing"}, {"start": "00:09:24", "end": "00:09:31", "text": "tools for those of you guys that do like"}, {"start": "00:09:26", "end": "00:09:33", "text": "to chart and do like to draw. Uh, we got"}, {"start": "00:09:31", "end": "00:09:35", "text": "a whole bunch of stuff here. So, just so"}, {"start": "00:09:33", "end": "00:09:38", "text": "you know, that's there. And a lot of you"}, {"start": "00:09:35", "end": "00:09:40", "text": "guys have been using agent. I can see"}, {"start": "00:09:38", "end": "00:09:42", "text": "it. You guys are enjoying it. I've been"}, {"start": "00:09:40", "end": "00:09:44", "text": "optimizing it today. Not only with these"}, {"start": "00:09:42", "end": "00:09:47", "text": "four reports, but the answers you get,"}, {"start": "00:09:44", "end": "00:09:49", "text": "the conversations you get, the research,"}, {"start": "00:09:47", "end": "00:09:51", "text": "the education,"}, {"start": "00:09:49", "end": "00:09:53", "text": "okay? Everything"}, {"start": "00:09:51", "end": "00:09:55", "text": "is topnotch. And I'm hoping that you"}, {"start": "00:09:53", "end": "00:09:58", "text": "guys are enjoying it. And for those of"}, {"start": "00:09:55", "end": "00:10:01", "text": "you guys that did not try yet, go ahead"}, {"start": "00:09:58", "end": "00:10:04", "text": "and try out the new agent page on Ask"}, {"start": "00:10:01", "end": "00:10:05", "text": "Clash. Okay, have a good one, guys. I'll"}, {"start": "00:10:04", "end": "00:10:08", "text": "see you guys tomorrow. Take care."}, {"start": "00:10:05", "end": "00:10:08", "text": "Bye-bye."}]

[{"start": "00:00:02", "end": "00:00:07", "text": "Welcome back to Cryptos Are Us. I'm"}, {"start": "00:00:05", "end": "00:00:10", "text": "George."}, {"start": "00:00:07", "end": "00:00:13", "text": "We're all George. Welcome to another"}, {"start": "00:00:10", "end": "00:00:16", "text": "market open stream. We got a lot to talk"}, {"start": "00:00:13", "end": "00:00:18", "text": "about today. Unfortunately, we have"}, {"start": "00:00:16", "end": "00:00:22", "text": "escalation"}, {"start": "00:00:18", "end": "00:00:25", "text": "with the with the ongoing war, which is"}, {"start": "00:00:22", "end": "00:00:28", "text": "no good. We got more economic data."}, {"start": "00:00:25", "end": "00:00:31", "text": "Okay, [snorts] we got a lot of AI stuff"}, {"start": "00:00:28", "end": "00:00:33", "text": "to talk about that relates directly to"}, {"start": "00:00:31", "end": "00:00:35", "text": "crypto and we got to talk about"}, {"start": "00:00:33", "end": "00:00:39", "text": "Bitcoin's next big move and how it's"}, {"start": "00:00:35", "end": "00:00:43", "text": "coming. So, a lot to talk about."}, {"start": "00:00:39", "end": "00:00:46", "text": "Let's get started."}, {"start": "00:00:43", "end": "00:00:48", "text": "Welcome, welcome, welcome. And plus, on"}, {"start": "00:00:46", "end": "00:00:50", "text": "top of all that, we are starting out the"}, {"start": "00:00:48", "end": "00:00:54", "text": "day a little bit higher than yesterday."}, {"start": "00:00:50", "end": "00:00:57", "text": "Okay, we're right under $63,000"}, {"start": "00:00:54", "end": "00:01:00", "text": "up a couple of percent. And the US"}, {"start": "00:00:57", "end": "00:01:02", "text": "market does look like,"}, {"start": "00:01:00", "end": "00:01:06", "text": "let's go open up in the green. So, right"}, {"start": "00:01:02", "end": "00:01:10", "text": "now you can see Bitcoin leading the way."}, {"start": "00:01:06", "end": "00:01:13", "text": "ETH, XRP, Soul, BNB, almost everything"}, {"start": "00:01:10", "end": "00:01:17", "text": "is up today in the green. That's"}, {"start": "00:01:13", "end": "00:01:21", "text": "fantastic. And the US market like I said"}, {"start": "00:01:17", "end": "00:01:24", "text": "uh right now is in a green. Yesterday"}, {"start": "00:01:21", "end": "00:01:28", "text": "was a big correction day that was like"}, {"start": "00:01:24", "end": "00:01:28", "text": "minus 900 something."}, {"start": "00:01:28", "end": "00:01:32", "text": "But it's strange and tech was selling"}, {"start": "00:01:31", "end": "00:01:36", "text": "off yesterday. But it's strange that"}, {"start": "00:01:32", "end": "00:01:38", "text": "today is up because"}, {"start": "00:01:36", "end": "00:01:41", "text": "yeah we're going to escalate this war."}, {"start": "00:01:38", "end": "00:01:44", "text": "Seems like this truce or this ceasefire"}, {"start": "00:01:41", "end": "00:01:46", "text": "negotiation"}, {"start": "00:01:44", "end": "00:01:49", "text": "is ending."}, {"start": "00:01:46", "end": "00:01:51", "text": "Um I guess Trump got fed up waiting."}, {"start": "00:01:49", "end": "00:01:54", "text": "Okay. Yesterday it was reported that"}, {"start": "00:01:51", "end": "00:01:57", "text": "they were going to strike. [snorts] Um"}, {"start": "00:01:54", "end": "00:02:02", "text": "and now Trump says the US will seize the"}, {"start": "00:01:57", "end": "00:02:05", "text": "the Car Island and other infrastructure"}, {"start": "00:02:02", "end": "00:02:07", "text": "points. I before he was talking about"}, {"start": "00:02:05", "end": "00:02:11", "text": "blowing it up and blowing up bridges. I"}, {"start": "00:02:07", "end": "00:02:13", "text": "don't know if that is still within"}, {"start": "00:02:11", "end": "00:02:16", "text": "within a new plan or the plan all along."}, {"start": "00:02:13", "end": "00:02:20", "text": "I don't know. Um"}, {"start": "00:02:16", "end": "00:02:24", "text": "but obviously this is happening. Okay."}, {"start": "00:02:20", "end": "00:02:26", "text": "And then Iran is threatening to"}, {"start": "00:02:24", "end": "00:02:29", "text": "retaliate against Elon's companies in"}, {"start": "00:02:26", "end": "00:02:32", "text": "the Middle East like Starlink and"}, {"start": "00:02:29", "end": "00:02:35", "text": "others. And"}, {"start": "00:02:32", "end": "00:02:40", "text": "uh supposedly they uh they're going to"}, {"start": "00:02:35", "end": "00:02:41", "text": "shut down the strider moves again. Okay."}, {"start": "00:02:40", "end": "00:02:44", "text": "Um"}, {"start": "00:02:41", "end": "00:02:46", "text": "I'm not sure what that's actually going"}, {"start": "00:02:44", "end": "00:02:48", "text": "to do for them. That that actually hurts"}, {"start": "00:02:46", "end": "00:02:51", "text": "them more than anything because now they"}, {"start": "00:02:48", "end": "00:02:55", "text": "have no source of income if that"}, {"start": "00:02:51", "end": "00:02:58", "text": "happens. So I'm not I'm not sure that is"}, {"start": "00:02:55", "end": "00:03:00", "text": "actually a good way to retaliate. But"}, {"start": "00:02:58", "end": "00:03:03", "text": "nevertheless, uh it does seem like"}, {"start": "00:03:00", "end": "00:03:07", "text": "things are escalating. Again, the strike"}, {"start": "00:03:03", "end": "00:03:09", "text": "is supposed to happen tonight."}, {"start": "00:03:07", "end": "00:03:13", "text": "Okay. So, I don't know if this is just"}, {"start": "00:03:09", "end": "00:03:16", "text": "like a final warning or another"}, {"start": "00:03:13", "end": "00:03:21", "text": "negotiating tactic to tyran, hey, you"}, {"start": "00:03:16", "end": "00:03:24", "text": "got you got 12 hours left, right? You"}, {"start": "00:03:21", "end": "00:03:27", "text": "better make a deal. You better come to"}, {"start": "00:03:24", "end": "00:03:31", "text": "consensus or this is going to happen. we"}, {"start": "00:03:27", "end": "00:03:34", "text": "had enough time, right? Enough is"}, {"start": "00:03:31", "end": "00:03:37", "text": "enough. Um, so I guess we'll see. But"}, {"start": "00:03:34", "end": "00:03:38", "text": "right now, the US market is obviously"}, {"start": "00:03:37", "end": "00:03:42", "text": "not"}, {"start": "00:03:38", "end": "00:03:46", "text": "not panicking over this right now. Um,"}, {"start": "00:03:42", "end": "00:03:48", "text": "and of course oil rises. Now, as for oil"}, {"start": "00:03:46", "end": "00:03:52", "text": "rising, I mean, it has been elevated for"}, {"start": "00:03:48", "end": "00:03:56", "text": "quite some time. We got another piece of"}, {"start": "00:03:52", "end": "00:03:58", "text": "economic data. Wholesale prices uh went"}, {"start": "00:03:56", "end": "00:04:00", "text": "up 1.1%,"}, {"start": "00:03:58", "end": "00:04:04", "text": "highest"}, {"start": "00:04:00", "end": "00:04:07", "text": "since November 2022."}, {"start": "00:04:04", "end": "00:04:11", "text": "Ouch. And this comes a day after CPI"}, {"start": "00:04:07", "end": "00:04:14", "text": "which came out yesterday. And uh we went"}, {"start": "00:04:11", "end": "00:04:15", "text": "up to 4.2%."}, {"start": "00:04:14", "end": "00:04:18", "text": "So"}, {"start": "00:04:15", "end": "00:04:20", "text": "bottom line all the numbers that we have"}, {"start": "00:04:18", "end": "00:04:24", "text": "that measures inflation"}, {"start": "00:04:20", "end": "00:04:27", "text": "all going higher higher higher higher a"}, {"start": "00:04:24", "end": "00:04:29", "text": "lot of it is due to oil being high some"}, {"start": "00:04:27", "end": "00:04:33", "text": "of it is due to well it's it's kind of"}, {"start": "00:04:29", "end": "00:04:34", "text": "like all related okay oil goes up and it"}, {"start": "00:04:33", "end": "00:04:38", "text": "kind of goes"}, {"start": "00:04:34", "end": "00:04:40", "text": "like spreads out there's a cascading"}, {"start": "00:04:38", "end": "00:04:42", "text": "effect because shipping becomes more"}, {"start": "00:04:40", "end": "00:04:45", "text": "expensive manufacturing becomes more"}, {"start": "00:04:42", "end": "00:04:49", "text": "expensive is so you know the whole"}, {"start": "00:04:45", "end": "00:04:52", "text": "supply chain becomes more expensive. So"}, {"start": "00:04:49", "end": "00:04:55", "text": "and at the pump obviously gas becomes"}, {"start": "00:04:52", "end": "00:04:59", "text": "more expensive like everything becomes"}, {"start": "00:04:55", "end": "00:05:01", "text": "more expensive right. So"}, {"start": "00:04:59", "end": "00:05:04", "text": "[clears throat] unfortunately"}, {"start": "00:05:01", "end": "00:05:08", "text": "not helping the situation"}, {"start": "00:05:04", "end": "00:05:11", "text": "right so"}, {"start": "00:05:08", "end": "00:05:13", "text": "so our chances of a rate cut you know"}, {"start": "00:05:11", "end": "00:05:15", "text": "ain't going up at this point but it it"}, {"start": "00:05:13", "end": "00:05:18", "text": "ain't going down but it ain't going up."}, {"start": "00:05:15", "end": "00:05:21", "text": "We still have numbers like job reports,"}, {"start": "00:05:18", "end": "00:05:26", "text": "economic numbers, um, you know,"}, {"start": "00:05:21", "end": "00:05:29", "text": "homebuilders index and GDP and consumer"}, {"start": "00:05:26", "end": "00:05:32", "text": "sentiment. We got all these numbers that"}, {"start": "00:05:29", "end": "00:05:35", "text": "cover all the time and they're all down."}, {"start": "00:05:32", "end": "00:05:38", "text": "So, at least we have that, which it, you"}, {"start": "00:05:35", "end": "00:05:40", "text": "know, it really isn't a good thing that"}, {"start": "00:05:38", "end": "00:05:43", "text": "they're down, but it does help our"}, {"start": "00:05:40", "end": "00:05:48", "text": "chance of a rate cut. And we do have a"}, {"start": "00:05:43", "end": "00:05:50", "text": "FOMC meeting next week, I believe. Um,"}, {"start": "00:05:48", "end": "00:05:54", "text": "so it'll be interesting to see what"}, {"start": "00:05:50", "end": "00:05:56", "text": "Worsh says. First time in a long time,"}, {"start": "00:05:54", "end": "00:05:58", "text": "we have a new chair."}, {"start": "00:05:56", "end": "00:06:00", "text": "[snorts]"}, {"start": "00:05:58", "end": "00:06:04", "text": "So, yeah, it'll be interesting."}, {"start": "00:06:00", "end": "00:06:06", "text": "Um, what else? Tomorrow."}, {"start": "00:06:04", "end": "00:06:10", "text": "Tomorrow,"}, {"start": "00:06:06", "end": "00:06:12", "text": "SpaceX IPO launch day. Just like this"}, {"start": "00:06:10", "end": "00:06:15", "text": "rocket"}, {"start": "00:06:12", "end": "00:06:21", "text": "uh valuation is at 1.75"}, {"start": "00:06:15", "end": "00:06:23", "text": "trillion, $135 a share. Poly market is"}, {"start": "00:06:21", "end": "00:06:25", "text": "thinking that it's going to be two"}, {"start": "00:06:23", "end": "00:06:27", "text": "trillion, so it's going to end even"}, {"start": "00:06:25", "end": "00:06:29", "text": "higher. And that's probably going to be"}, {"start": "00:06:27", "end": "00:06:32", "text": "a case. Everyone's going to FOMO in. Uh"}, {"start": "00:06:29", "end": "00:06:36", "text": "there was another story about how it's"}, {"start": "00:06:32", "end": "00:06:38", "text": "uh 3x over subscribe right now"}, {"start": "00:06:36", "end": "00:06:40", "text": "and it's going to be like the hottest"}, {"start": "00:06:38", "end": "00:06:43", "text": "thing,"}, {"start": "00:06:40", "end": "00:06:46", "text": "you know, uh that one of the hottest"}, {"start": "00:06:43", "end": "00:06:49", "text": "IPOs ever. Probably the hottest IPO ever"}, {"start": "00:06:46", "end": "00:06:53", "text": "in history. Not probably, it will be the"}, {"start": "00:06:49", "end": "00:06:57", "text": "hottest. Um, so there's still a lot of a"}, {"start": "00:06:53", "end": "00:06:59", "text": "[snorts] lot of capital rotation"}, {"start": "00:06:57", "end": "00:07:01", "text": "into this."}, {"start": "00:06:59", "end": "00:07:04", "text": "So we'll see. We'll see what happens."}, {"start": "00:07:01", "end": "00:07:07", "text": "Uh, OpenAI also"}, {"start": "00:07:04", "end": "00:07:10", "text": "because it's also going to go IPO along"}, {"start": "00:07:07", "end": "00:07:11", "text": "with Anthropic and they're competing."}, {"start": "00:07:10", "end": "00:07:14", "text": "There's rumors that they're going to"}, {"start": "00:07:11", "end": "00:07:16", "text": "slash their prices which obviously will"}, {"start": "00:07:14", "end": "00:07:19", "text": "make them more competitive. I something"}, {"start": "00:07:16", "end": "00:07:22", "text": "else I didn't know. This is interesting."}, {"start": "00:07:19", "end": "00:07:26", "text": "Chad GBT became the first app to reach 1"}, {"start": "00:07:22", "end": "00:07:29", "text": "billion monthly users in May only after"}, {"start": "00:07:26", "end": "00:07:32", "text": "three years of launch surpassing the"}, {"start": "00:07:29", "end": "00:07:35", "text": "previous record set by Google Maps."}, {"start": "00:07:32", "end": "00:07:37", "text": "Okay, which took five years."}, {"start": "00:07:35", "end": "00:07:40", "text": "Can you believe that? A company that has"}, {"start": "00:07:37", "end": "00:07:42", "text": "just been out for three years"}, {"start": "00:07:40", "end": "00:07:45", "text": "pretty much. Maybe a maybe a four year"}, {"start": "00:07:42", "end": "00:07:49", "text": "because you know maybe it took one year"}, {"start": "00:07:45", "end": "00:07:53", "text": "before it came out the app. But"}, {"start": "00:07:49", "end": "00:07:55", "text": "four years to reach a billion users per"}, {"start": "00:07:53", "end": "00:08:00", "text": "month and you know they charge anywhere"}, {"start": "00:07:55", "end": "00:08:03", "text": "from $8 to $20 to $200 depending on how"}, {"start": "00:08:00", "end": "00:08:05", "text": "much usage you have. I mean [sighs]"}, {"start": "00:08:03", "end": "00:08:08", "text": "just think about how much money these"}, {"start": "00:08:05", "end": "00:08:11", "text": "companies are making. It's insanity."}, {"start": "00:08:08", "end": "00:08:14", "text": "Insanity. This is why their IPOs are"}, {"start": "00:08:11", "end": "00:08:16", "text": "going to be the biggest ever in history"}, {"start": "00:08:14", "end": "00:08:19", "text": "because of how fast their growth is."}, {"start": "00:08:16", "end": "00:08:22", "text": "It's uh quite nuts. And I'm waiting for"}, {"start": "00:08:19", "end": "00:08:23", "text": "GBD 5.6 or six to come out. I think it's"}, {"start": "00:08:22", "end": "00:08:26", "text": "going to come out either today or"}, {"start": "00:08:23", "end": "00:08:27", "text": "tomorrow because Anthropy just came out."}, {"start": "00:08:26", "end": "00:08:29", "text": "They're fable and everyone's talking"}, {"start": "00:08:27", "end": "00:08:32", "text": "about it. I think they're gonna try to"}, {"start": "00:08:29", "end": "00:08:35", "text": "steal their thunder. [snorts] We'll see."}, {"start": "00:08:32", "end": "00:08:38", "text": "We'll see. Now going back to Bitcoin and"}, {"start": "00:08:35", "end": "00:08:42", "text": "crypto yesterday, unfortunately we still"}, {"start": "00:08:38", "end": "00:08:45", "text": "had another outflow day. Minus 214"}, {"start": "00:08:42", "end": "00:08:48", "text": "million for Bitcoin, minus 36 million"}, {"start": "00:08:45", "end": "00:08:51", "text": "for ETH. Uh plus uh close to a million"}, {"start": "00:08:48", "end": "00:08:54", "text": "for Soul. So unfortunately, we're still"}, {"start": "00:08:51", "end": "00:08:57", "text": "seeing a little bit of outflow. And"}, {"start": "00:08:54", "end": "00:09:00", "text": "unfortunately, you could see since May"}, {"start": "00:08:57", "end": "00:09:04", "text": "7th, about a month ago, it's been pretty"}, {"start": "00:09:00", "end": "00:09:07", "text": "much only outflow, only a few days of"}, {"start": "00:09:04", "end": "00:09:09", "text": "inflow, right? We do have that capital"}, {"start": "00:09:07", "end": "00:09:13", "text": "rotation. Obviously, we had other"}, {"start": "00:09:09", "end": "00:09:16", "text": "factors that contributed, but yeah, that"}, {"start": "00:09:13", "end": "00:09:19", "text": "is still the case. And I'm sure a lot of"}, {"start": "00:09:16", "end": "00:09:22", "text": "it has to do with SpaceX and and how hot"}, {"start": "00:09:19", "end": "00:09:25", "text": "other markets have been and so forth."}, {"start": "00:09:22", "end": "00:09:28", "text": "But you know what? We will bounce back."}, {"start": "00:09:25", "end": "00:09:30", "text": "We always do liquidity. This is a good"}, {"start": "00:09:28", "end": "00:09:32", "text": "measurement too. We had a plus 20"}, {"start": "00:09:30", "end": "00:09:35", "text": "million day. There has been days last"}, {"start": "00:09:32", "end": "00:09:39", "text": "week where we saw plus 700 million in a"}, {"start": "00:09:35", "end": "00:09:41", "text": "single day. Okay. So, it's going to"}, {"start": "00:09:39", "end": "00:09:46", "text": "flip-flop. There are investors that's"}, {"start": "00:09:41", "end": "00:09:48", "text": "always chasing the shiny object or the"}, {"start": "00:09:46", "end": "00:09:52", "text": "shiny investment, right? But then"}, {"start": "00:09:48", "end": "00:09:56", "text": "there's always a capital rotation back"}, {"start": "00:09:52", "end": "00:09:57", "text": "when crypto becomes that shiny object"}, {"start": "00:09:56", "end": "00:10:00", "text": "once again. But right now we're still"}, {"start": "00:09:57", "end": "00:10:03", "text": "seeing a little bit outflow liquidity"}, {"start": "00:10:00", "end": "00:10:06", "text": "flip-flopping which is good. Um but one"}, {"start": "00:10:03", "end": "00:10:08", "text": "thing is for certain, okay, we are"}, {"start": "00:10:06", "end": "00:10:13", "text": "definitely oversold. We are definitely"}, {"start": "00:10:08", "end": "00:10:16", "text": "in that bottom phase and there are a lot"}, {"start": "00:10:13", "end": "00:10:18", "text": "of metrics, there are a lot of technical"}, {"start": "00:10:16", "end": "00:10:21", "text": "charts, there are a lot of things that"}, {"start": "00:10:18", "end": "00:10:23", "text": "support this. If you look at this,"}, {"start": "00:10:21", "end": "00:10:28", "text": "according to Rover, we are more oversold"}, {"start": "00:10:23", "end": "00:10:29", "text": "than every other cycle bottom."}, {"start": "00:10:28", "end": "00:10:31", "text": "And there are a lot of metrics that show"}, {"start": "00:10:29", "end": "00:10:35", "text": "this and I could show some of that in"}, {"start": "00:10:31", "end": "00:10:37", "text": "Q&A, but it's pretty much true,"}, {"start": "00:10:35", "end": "00:10:41", "text": "right?"}, {"start": "00:10:37", "end": "00:10:41", "text": "And some of the FUD"}, {"start": "00:10:41", "end": "00:10:48", "text": "caused by strategy a couple weeks ago uh"}, {"start": "00:10:45", "end": "00:10:50", "text": "has been alleviated sort of sort of uh"}, {"start": "00:10:48", "end": "00:10:53", "text": "the CEO"}, {"start": "00:10:50", "end": "00:10:56", "text": "not sailor said that they deliberately"}, {"start": "00:10:53", "end": "00:10:58", "text": "uh sold it uh to test the waters to make"}, {"start": "00:10:56", "end": "00:11:01", "text": "sure that things are okay to make sure"}, {"start": "00:10:58", "end": "00:11:03", "text": "that system works."}, {"start": "00:11:01", "end": "00:11:07", "text": "I'm not sure making sure the system"}, {"start": "00:11:03", "end": "00:11:09", "text": "works at selling is a good thing, but"}, {"start": "00:11:07", "end": "00:11:13", "text": "they did answer saying that it was a"}, {"start": "00:11:09", "end": "00:11:15", "text": "test. Okay. I mean, I think we all we"}, {"start": "00:11:13", "end": "00:11:17", "text": "could all speculate that yeah, it it was"}, {"start": "00:11:15", "end": "00:11:20", "text": "a test. That's why it was a small"}, {"start": "00:11:17", "end": "00:11:23", "text": "amount. It wasn't 320 Bitcoin. It wasn't"}, {"start": "00:11:20", "end": "00:11:25", "text": "3,000 Bitcoin. And he did address the"}, {"start": "00:11:23", "end": "00:11:27", "text": "fact that they didn't need to sell at"}, {"start": "00:11:25", "end": "00:11:29", "text": "all. It wasn't because they ran out of"}, {"start": "00:11:27", "end": "00:11:31", "text": "money to pay dividends or anything like"}, {"start": "00:11:29", "end": "00:11:33", "text": "that."}, {"start": "00:11:31", "end": "00:11:38", "text": "uh it was in fact just a test. There's"}, {"start": "00:11:33", "end": "00:11:40", "text": "no other underlying factor at play."}, {"start": "00:11:38", "end": "00:11:42", "text": "We'll have to see. We'll have to see if"}, {"start": "00:11:40", "end": "00:11:46", "text": "that's true, but that kind of leviates"}, {"start": "00:11:42", "end": "00:11:48", "text": "the FUD. Sailor also was facing a lot of"}, {"start": "00:11:46", "end": "00:11:52", "text": "FUD yesterday because someone did say"}, {"start": "00:11:48", "end": "00:11:54", "text": "that the NAV, okay, was going down"}, {"start": "00:11:52", "end": "00:11:57", "text": "because they had to sell some shares to"}, {"start": "00:11:54", "end": "00:12:01", "text": "buy Bitcoin. But then, you know, Sailor"}, {"start": "00:11:57", "end": "00:12:03", "text": "said, well, they also added to their um"}, {"start": "00:12:01", "end": "00:12:05", "text": "their holdings. They added cash to their"}, {"start": "00:12:03", "end": "00:12:06", "text": "holdings, too. So, that affected it. But"}, {"start": "00:12:05", "end": "00:12:10", "text": "there was a big argument yesterday,"}, {"start": "00:12:06", "end": "00:12:13", "text": "okay, about this. Uh, and Sailor"}, {"start": "00:12:10", "end": "00:12:15", "text": "basically answered that, you know what,"}, {"start": "00:12:13", "end": "00:12:19", "text": "long-term"}, {"start": "00:12:15", "end": "00:12:22", "text": "what he's working on is increasing"}, {"start": "00:12:19", "end": "00:12:24", "text": "Bitcoin per share, right?"}, {"start": "00:12:22", "end": "00:12:27", "text": "um"}, {"start": "00:12:24", "end": "00:12:32", "text": "in a very complex way. Basically, he's"}, {"start": "00:12:27", "end": "00:12:34", "text": "going to continue to increase NAV by"}, {"start": "00:12:32", "end": "00:12:37", "text": "buying more Bitcoin."}, {"start": "00:12:34", "end": "00:12:37", "text": "Um"}, {"start": "00:12:38", "end": "00:12:42", "text": "so that's good. That's good. I guess"}, {"start": "00:12:40", "end": "00:12:44", "text": "that's what we want to hear, right? More"}, {"start": "00:12:42", "end": "00:12:48", "text": "more Bitcoin for everyone. But as a"}, {"start": "00:12:44", "end": "00:12:51", "text": "longtime long-term strategy"}, {"start": "00:12:48", "end": "00:12:53", "text": "holder, you may have some problems"}, {"start": "00:12:51", "end": "00:12:55", "text": "because he's been obviously selling"}, {"start": "00:12:53", "end": "00:12:59", "text": "Stretch and Stripe and Stride and all"}, {"start": "00:12:55", "end": "00:13:01", "text": "these things. He normally doesn't sell"}, {"start": "00:12:59", "end": "00:13:03", "text": "strategy shares,"}, {"start": "00:13:01", "end": "00:13:06", "text": "but he still does sometimes. And that's"}, {"start": "00:13:03", "end": "00:13:08", "text": "what he did on Friday of last week, and"}, {"start": "00:13:06", "end": "00:13:12", "text": "that's how he was able to raise the"}, {"start": "00:13:08", "end": "00:13:14", "text": "money to buy Bitcoin this week. So um so"}, {"start": "00:13:12", "end": "00:13:16", "text": "that's one of the downsides to having"}, {"start": "00:13:14", "end": "00:13:18", "text": "strategy."}, {"start": "00:13:16", "end": "00:13:21", "text": "Anyways,"}, {"start": "00:13:18", "end": "00:13:24", "text": "more positive stuff. Japan is going to"}, {"start": "00:13:21", "end": "00:13:29", "text": "reclassify their cryptocurrencies."}, {"start": "00:13:24", "end": "00:13:34", "text": "Okay. Uh and cut taxes from 55% down to"}, {"start": "00:13:29", "end": "00:13:36", "text": "20%. 55% is kind of ridiculous. Down 20%"}, {"start": "00:13:34", "end": "00:13:38", "text": "that's a lot more reasonable. That's"}, {"start": "00:13:36", "end": "00:13:40", "text": "like in the US, our long-term capital"}, {"start": "00:13:38", "end": "00:13:44", "text": "gains tax. I think our capital gains a"}, {"start": "00:13:40", "end": "00:13:46", "text": "little higher, like 25 26%."}, {"start": "00:13:44", "end": "00:13:47", "text": "Uh, but that's that's if you sell after"}, {"start": "00:13:46", "end": "00:13:49", "text": "holding for one year. That's also"}, {"start": "00:13:47", "end": "00:13:52", "text": "something that a lot of people don't"}, {"start": "00:13:49", "end": "00:13:55", "text": "talk about. If you do sell, panic sell,"}, {"start": "00:13:52", "end": "00:13:57", "text": "you have you have to worry about taxes,"}, {"start": "00:13:55", "end": "00:13:59", "text": "right? Um,"}, {"start": "00:13:57", "end": "00:14:01", "text": "a lot of people just ignore that. they"}, {"start": "00:13:59", "end": "00:14:03", "text": "don't really care or they don't pay"}, {"start": "00:14:01", "end": "00:14:07", "text": "taxes, which is a problem if you think"}, {"start": "00:14:03", "end": "00:14:09", "text": "about long-term."}, {"start": "00:14:07", "end": "00:14:12", "text": "If you're going to be super wealthy from"}, {"start": "00:14:09", "end": "00:14:16", "text": "your crypto and you ever plan on"}, {"start": "00:14:12", "end": "00:14:18", "text": "spending it or cashing out, it's better"}, {"start": "00:14:16", "end": "00:14:23", "text": "to take care of tax it now than later."}, {"start": "00:14:18", "end": "00:14:26", "text": "Okay? is later. If the IRS or any tax"}, {"start": "00:14:23", "end": "00:14:28", "text": "agency looks at how you've made seven,"}, {"start": "00:14:26", "end": "00:14:30", "text": "eight, nine, 10 figures from your"}, {"start": "00:14:28", "end": "00:14:32", "text": "crypto, you've never paid taxes, that's"}, {"start": "00:14:30", "end": "00:14:33", "text": "a problem. So, just be careful of that."}, {"start": "00:14:32", "end": "00:14:36", "text": "But anyways, I think that this is"}, {"start": "00:14:33", "end": "00:14:39", "text": "overall very positive. Japan is very"}, {"start": "00:14:36", "end": "00:14:43", "text": "pro- crypto. They have a lot of pro pro"}, {"start": "00:14:39", "end": "00:14:47", "text": "crypto companies like SBI and Soft Bank"}, {"start": "00:14:43", "end": "00:14:50", "text": "and others and a lot of crypto users"}, {"start": "00:14:47", "end": "00:14:50", "text": "there."}, {"start": "00:14:50", "end": "00:14:56", "text": "Uh, Eric Trump says he's a Bitcoin maxi"}, {"start": "00:14:53", "end": "00:14:58", "text": "and Bitcoin surpassed 175,000 this year."}, {"start": "00:14:56", "end": "00:15:01", "text": "I hope that's true. I don't know if we"}, {"start": "00:14:58", "end": "00:15:02", "text": "will. I think we will get we have a good"}, {"start": "00:15:01", "end": "00:15:05", "text": "shot of getting back to our all-time"}, {"start": "00:15:02", "end": "00:15:08", "text": "high and breaking past that. So if we"}, {"start": "00:15:05", "end": "00:15:12", "text": "break through 126"}, {"start": "00:15:08", "end": "00:15:15", "text": "and you know land somewhere between 130"}, {"start": "00:15:12", "end": "00:15:18", "text": "140 150"}, {"start": "00:15:15", "end": "00:15:21", "text": "that would be exceeding my expectations"}, {"start": "00:15:18", "end": "00:15:24", "text": "175 plus I think that be a little hard"}, {"start": "00:15:21", "end": "00:15:28", "text": "but who knows things move very fast we"}, {"start": "00:15:24", "end": "00:15:31", "text": "saw in AI we saw in commodities right"}, {"start": "00:15:28", "end": "00:15:34", "text": "when there's FOMO money flows in"}, {"start": "00:15:31", "end": "00:15:35", "text": "extremely quick and we're facing a lot"}, {"start": "00:15:34", "end": "00:15:39", "text": "of headwind winds and tailwinds and"}, {"start": "00:15:35", "end": "00:15:41", "text": "other factors right now,"}, {"start": "00:15:39", "end": "00:15:44", "text": "but when the money rotation comes back"}, {"start": "00:15:41", "end": "00:15:47", "text": "in, it's going to be enormous because"}, {"start": "00:15:44", "end": "00:15:50", "text": "there's so much money out there. So much"}, {"start": "00:15:47", "end": "00:15:51", "text": "out there on the sidelines and in other"}, {"start": "00:15:50", "end": "00:15:55", "text": "places."}, {"start": "00:15:51", "end": "00:16:00", "text": "Uh Tom Lee decides to buy another 25,000"}, {"start": "00:15:55", "end": "00:16:03", "text": "Bitcoin. No, Ethereum, not Bitcoin."}, {"start": "00:16:00", "end": "00:16:05", "text": "And uh you know what? He's he's killing"}, {"start": "00:16:03", "end": "00:16:09", "text": "it. He's killing it because he's making"}, {"start": "00:16:05", "end": "00:16:12", "text": "also a million dollar in ETH per month"}, {"start": "00:16:09", "end": "00:16:14", "text": "now from staking out of Ethereum. And"}, {"start": "00:16:12", "end": "00:16:16", "text": "you know, he's not selling any of it."}, {"start": "00:16:14", "end": "00:16:19", "text": "He's kind of at a point where he's just"}, {"start": "00:16:16", "end": "00:16:22", "text": "like Sailor. If he ever decided to sell,"}, {"start": "00:16:19", "end": "00:16:24", "text": "it would be massively negative towards"}, {"start": "00:16:22", "end": "00:16:26", "text": "him and his company, Binmine. So, he's"}, {"start": "00:16:24", "end": "00:16:28", "text": "kind of like forced to hold it. And"}, {"start": "00:16:26", "end": "00:16:31", "text": "that's good for all ETH holders. He's"}, {"start": "00:16:28", "end": "00:16:36", "text": "holding the staking rewards and he keeps"}, {"start": "00:16:31", "end": "00:16:36", "text": "accumulating and holding all that."}, {"start": "00:16:37", "end": "00:16:41", "text": "Good for him and good for ETH holders."}, {"start": "00:16:39", "end": "00:16:45", "text": "But right now he is facing a lot of"}, {"start": "00:16:41", "end": "00:16:48", "text": "unrealized loss. Um, outside of Sailor"}, {"start": "00:16:45", "end": "00:16:51", "text": "and Tom Lee though, overall public"}, {"start": "00:16:48", "end": "00:16:54", "text": "companies are still adding."}, {"start": "00:16:51", "end": "00:16:55", "text": "Okay, smaller amounts than before, but"}, {"start": "00:16:54", "end": "00:16:57", "text": "still"}, {"start": "00:16:55", "end": "00:17:02", "text": "43,557"}, {"start": "00:16:57", "end": "00:17:04", "text": "Bitcoin in May. May wasn't such a good"}, {"start": "00:17:02", "end": "00:17:06", "text": "month. Still, it's happening and people"}, {"start": "00:17:04", "end": "00:17:11", "text": "are still adding ETH as well. So you see"}, {"start": "00:17:06", "end": "00:17:14", "text": "the exchange supply dropping low 14.5"}, {"start": "00:17:11", "end": "00:17:16", "text": "million and same thing with Bitcoin like"}, {"start": "00:17:14", "end": "00:17:19", "text": "down to 2 million something like that."}, {"start": "00:17:16", "end": "00:17:25", "text": "Both are"}, {"start": "00:17:19", "end": "00:17:28", "text": "near like 2017 2016 lows."}, {"start": "00:17:25", "end": "00:17:31", "text": "So pretty good. There are still people"}, {"start": "00:17:28", "end": "00:17:33", "text": "that believe and that are loading up"}, {"start": "00:17:31", "end": "00:17:36", "text": "especially some of the whales have"}, {"start": "00:17:33", "end": "00:17:38", "text": "covered it. whales always seem to time"}, {"start": "00:17:36", "end": "00:17:40", "text": "things right because they understand"}, {"start": "00:17:38", "end": "00:17:43", "text": "they buy when things are low and when"}, {"start": "00:17:40", "end": "00:17:46", "text": "others are panicking, right? Uh lastly,"}, {"start": "00:17:43", "end": "00:17:49", "text": "looking at liquidations,"}, {"start": "00:17:46", "end": "00:17:52", "text": "uh still pretty massive. 343"}, {"start": "00:17:49", "end": "00:17:56", "text": "million worth of"}, {"start": "00:17:52", "end": "00:17:59", "text": "longs and shorts liquidated almost even."}, {"start": "00:17:56", "end": "00:18:01", "text": "So, because of our move upwards, it's a"}, {"start": "00:17:59", "end": "00:18:04", "text": "little bit more even. And if you look at"}, {"start": "00:18:01", "end": "00:18:05", "text": "the last 12 hours, 4 hour, 1 hour, there"}, {"start": "00:18:04", "end": "00:18:08", "text": "are actually more shorts being"}, {"start": "00:18:05", "end": "00:18:10", "text": "liquidated than longs, right? But this"}, {"start": "00:18:08", "end": "00:18:13", "text": "is one of the reasons why we're held"}, {"start": "00:18:10", "end": "00:18:16", "text": "back, too. There's just way too many"}, {"start": "00:18:13", "end": "00:18:19", "text": "liquidations left and right. Just way"}, {"start": "00:18:16", "end": "00:18:22", "text": "too much. Every single day seems like"}, {"start": "00:18:19", "end": "00:18:23", "text": "there's another 400, 500, 600 million"}, {"start": "00:18:22", "end": "00:18:27", "text": "liquidated"}, {"start": "00:18:23", "end": "00:18:29", "text": "and it ain't helping the situation."}, {"start": "00:18:27", "end": "00:18:33", "text": "All right."}, {"start": "00:18:29", "end": "00:18:36", "text": "today looking pretty good still."}, {"start": "00:18:33", "end": "00:18:40", "text": "We're at 63,000."}, {"start": "00:18:36", "end": "00:18:40", "text": "A little bit of beyond that."}, {"start": "00:18:40", "end": "00:18:48", "text": "Looking pretty good. A couple near-term"}, {"start": "00:18:43", "end": "00:18:50", "text": "price levels. Uh we have one right at 63"}, {"start": "00:18:48", "end": "00:18:52", "text": "633"}, {"start": "00:18:50", "end": "00:18:54", "text": "632 which is right there. We're like"}, {"start": "00:18:52", "end": "00:18:57", "text": "right there. There's another one at"}, {"start": "00:18:54", "end": "00:18:59", "text": "64,500."}, {"start": "00:18:57", "end": "00:19:02", "text": "Right. Those are some key levels."}, {"start": "00:18:59", "end": "00:19:06", "text": "short-term levels. If we're going longer"}, {"start": "00:19:02", "end": "00:19:07", "text": "term here, um"}, {"start": "00:19:06", "end": "00:19:09", "text": "we got if we could break through that"}, {"start": "00:19:07", "end": "00:19:11", "text": "64,"}, {"start": "00:19:09", "end": "00:19:13", "text": "next up is 7274."}, {"start": "00:19:11", "end": "00:19:16", "text": "That's where we were just at the"}, {"start": "00:19:13", "end": "00:19:18", "text": "beginning June 1st, we were still at"}, {"start": "00:19:16", "end": "00:19:20", "text": "74,000, right? So, if we could break"}, {"start": "00:19:18", "end": "00:19:23", "text": "through and we fell down really fast."}, {"start": "00:19:20", "end": "00:19:28", "text": "So, if we break through the 64,000,"}, {"start": "00:19:23", "end": "00:19:28", "text": "we could possibly climb back up"}, {"start": "00:19:28", "end": "00:19:31", "text": "fairly quickly."}, {"start": "00:19:33", "end": "00:19:40", "text": "Yeah, we have broken above the 50 MA on"}, {"start": "00:19:36", "end": "00:19:42", "text": "the 4our chart. That's pretty positive."}, {"start": "00:19:40", "end": "00:19:46", "text": "That's actually really positive. Uh"}, {"start": "00:19:42", "end": "00:19:48", "text": "we're above all these EMA ribbon, we're"}, {"start": "00:19:46", "end": "00:19:50", "text": "above most of it."}, {"start": "00:19:48", "end": "00:19:52", "text": "Ballinger band. We're bouncing up from"}, {"start": "00:19:50", "end": "00:19:55", "text": "the bottom. There's like a squeeze right"}, {"start": "00:19:52", "end": "00:19:55", "text": "here."}, {"start": "00:19:56", "end": "00:20:00", "text": "So, things are"}, {"start": "00:19:58", "end": "00:20:02", "text": "looking better. Things are looking"}, {"start": "00:20:00", "end": "00:20:03", "text": "better."}, {"start": "00:20:02", "end": "00:20:07", "text": "All right,"}, {"start": "00:20:03", "end": "00:20:07", "text": "let's do some Q&A."}, {"start": "00:20:44", "end": "00:20:46", "text": ">> [snorts]"}, {"start": "00:20:46", "end": "00:20:52", "text": ">> No, he's not generating a million per"}, {"start": "00:20:49", "end": "00:20:55", "text": "day. Well, maybe he is"}, {"start": "00:20:52", "end": "00:20:59", "text": "because he has billions in ETH. Seems"}, {"start": "00:20:55", "end": "00:21:01", "text": "outrageous, but good for him if he's"}, {"start": "00:20:59", "end": "00:21:04", "text": "making a million dollars a day."}, {"start": "00:21:01", "end": "00:21:08", "text": "Uh but he had to spend"}, {"start": "00:21:04", "end": "00:21:13", "text": "billions to in order to do that."}, {"start": "00:21:08", "end": "00:21:16", "text": "So good for him. Uh today I'm looking at"}, {"start": "00:21:13", "end": "00:21:19", "text": "we do have other good movers. AMD is up"}, {"start": "00:21:16", "end": "00:21:22", "text": "5% today."}, {"start": "00:21:19", "end": "00:21:24", "text": "Making good moves."}, {"start": "00:21:22", "end": "00:21:29", "text": "Um"}, {"start": "00:21:24", "end": "00:21:32", "text": "Nvidia up about 1 something%."}, {"start": "00:21:29", "end": "00:21:36", "text": "Tesla. Uh, I'm surprised Tesla ain't"}, {"start": "00:21:32", "end": "00:21:38", "text": "moving more because of um"}, {"start": "00:21:36", "end": "00:21:41", "text": "because of SpaceX. Figured it would be"}, {"start": "00:21:38", "end": "00:21:41", "text": "moving more."}, {"start": "00:21:48", "end": "00:21:54", "text": "Oh, and yesterday I announced that"}, {"start": "00:21:50", "end": "00:21:56", "text": "agents are now open. So, if you go to"}, {"start": "00:21:54", "end": "00:21:59", "text": "Ask Clash and you'll see right here on"}, {"start": "00:21:56", "end": "00:22:02", "text": "the top, agents are open. All right."}, {"start": "00:21:59", "end": "00:22:04", "text": "I've been working on it for a long time."}, {"start": "00:22:02", "end": "00:22:07", "text": "It's not perfect yet."}, {"start": "00:22:04", "end": "00:22:09", "text": "Um, but it's really good. The way you"}, {"start": "00:22:07", "end": "00:22:12", "text": "have conversation here with the agent is"}, {"start": "00:22:09", "end": "00:22:16", "text": "different than on the front page. It's"}, {"start": "00:22:12", "end": "00:22:18", "text": "more personal. Um,"}, {"start": "00:22:16", "end": "00:22:21", "text": "it's more like a friendly AI agent"}, {"start": "00:22:18", "end": "00:22:24", "text": "that's for you. So, whatever you talk or"}, {"start": "00:22:21", "end": "00:22:26", "text": "your conversations, it will remember and"}, {"start": "00:22:24", "end": "00:22:28", "text": "it will help you with whatever you want."}, {"start": "00:22:26", "end": "00:22:32", "text": "Obviously, it's catered to helping you"}, {"start": "00:22:28", "end": "00:22:34", "text": "with investing, finance, crypto, stocks,"}, {"start": "00:22:32", "end": "00:22:36", "text": "but you could really talk about with"}, {"start": "00:22:34", "end": "00:22:38", "text": "anything. Um, but the four things we're"}, {"start": "00:22:36", "end": "00:22:40", "text": "starting out with, research report,"}, {"start": "00:22:38", "end": "00:22:44", "text": "momentum radar, investment thesis,"}, {"start": "00:22:40", "end": "00:22:47", "text": "portfolio lab, these are all very useful"}, {"start": "00:22:44", "end": "00:22:49", "text": "research tools that the agent will help"}, {"start": "00:22:47", "end": "00:22:52", "text": "you with. And you could schedule it out,"}, {"start": "00:22:49", "end": "00:22:55", "text": "you can see the reports afterwards, and"}, {"start": "00:22:52", "end": "00:22:57", "text": "it could generate once a day for you. Um"}, {"start": "00:22:55", "end": "00:23:00", "text": "later on"}, {"start": "00:22:57", "end": "00:23:03", "text": "once I harden the whole platform more"}, {"start": "00:23:00", "end": "00:23:04", "text": "and get this going, we'll open up"}, {"start": "00:23:03", "end": "00:23:08", "text": "subscriptions and then it'll open up"}, {"start": "00:23:04", "end": "00:23:11", "text": "more usage and stuff like that. But it's"}, {"start": "00:23:08", "end": "00:23:15", "text": "really I think it's really cool and it's"}, {"start": "00:23:11", "end": "00:23:18", "text": "really useful for people that want"}, {"start": "00:23:15", "end": "00:23:20", "text": "to have an agent basically just do"}, {"start": "00:23:18", "end": "00:23:23", "text": "research for them and learn about new"}, {"start": "00:23:20", "end": "00:23:26", "text": "things. reversal watch, ETF radar,"}, {"start": "00:23:23", "end": "00:23:30", "text": "squeeze scanner, accumulation,"}, {"start": "00:23:26", "end": "00:23:33", "text": "anything you could think of."}, {"start": "00:23:30", "end": "00:23:35", "text": "It could help you build a portfolio or"}, {"start": "00:23:33", "end": "00:23:37", "text": "optimize existing portfolio. If you have"}, {"start": "00:23:35", "end": "00:23:41", "text": "your portfolio on here on Ask Clash, it"}, {"start": "00:23:37", "end": "00:23:43", "text": "knows all the things, all the tools and"}, {"start": "00:23:41", "end": "00:23:46", "text": "everything on the platform. It could"}, {"start": "00:23:43", "end": "00:23:49", "text": "also help you use the platform and"}, {"start": "00:23:46", "end": "00:23:51", "text": "utilize the tools that we have. It's"}, {"start": "00:23:49", "end": "00:23:55", "text": "really It's really cool. It's not"}, {"start": "00:23:51", "end": "00:23:58", "text": "perfect, but it's very very good"}, {"start": "00:23:55", "end": "00:24:01", "text": "already. Very useful. So, I advise all"}, {"start": "00:23:58", "end": "00:24:01", "text": "you guys to try it out."}, {"start": "00:24:48", "end": "00:24:51", "text": ">> [snorts]"}, {"start": "00:24:49", "end": "00:24:54", "text": ">> Super cycle. You've been watching me for"}, {"start": "00:24:51", "end": "00:24:59", "text": "this long and you haven't tried ask"}, {"start": "00:24:54", "end": "00:24:59", "text": "class yet. What's the deal with that?"}, {"start": "00:25:03", "end": "00:25:08", "text": "What do you think the price of Bitcoin"}, {"start": "00:25:05", "end": "00:25:10", "text": "will be after SpaceX IPO? I have no"}, {"start": "00:25:08", "end": "00:25:15", "text": "idea. I don't I don't know. Depends on"}, {"start": "00:25:10", "end": "00:25:15", "text": "how much FOMO there is. I guess"}, {"start": "00:25:16", "end": "00:25:19", "text": "I think there there will be a lot of"}, {"start": "00:25:17", "end": "00:25:21", "text": "FOMO. I don't know if there's gonna be"}, {"start": "00:25:19", "end": "00:25:24", "text": "so much FOMO that people are go like"}, {"start": "00:25:21", "end": "00:25:27", "text": "sell their Bitcoin, but afterwards I"}, {"start": "00:25:24", "end": "00:25:29", "text": "know that maybe after a day, two days,"}, {"start": "00:25:27", "end": "00:25:32", "text": "or maybe immediate, it will go down."}, {"start": "00:25:29", "end": "00:25:34", "text": "It's too hyped up. There will be a"}, {"start": "00:25:32", "end": "00:25:36", "text": "capital rotation out. And there are some"}, {"start": "00:25:34", "end": "00:25:39", "text": "insiders that bought early will sell"}, {"start": "00:25:36", "end": "00:25:42", "text": "out, too. And when you have that, it"}, {"start": "00:25:39", "end": "00:25:45", "text": "could definitely help because right now"}, {"start": "00:25:42", "end": "00:25:47", "text": "it's just like a lot of people just"}, {"start": "00:25:45", "end": "00:25:50", "text": "getting their cash ready to jump in on"}, {"start": "00:25:47", "end": "00:25:54", "text": "it. It's it's too I mean you think about"}, {"start": "00:25:50", "end": "00:25:56", "text": "a SpaceX IPO. It if it debuts at two"}, {"start": "00:25:54", "end": "00:25:59", "text": "trillion and the the biggest company on"}, {"start": "00:25:56", "end": "00:26:01", "text": "the planet is only at five trillion,"}, {"start": "00:25:59", "end": "00:26:03", "text": "you know, that's like two two and a"}, {"start": "00:26:01", "end": "00:26:05", "text": "halfx"}, {"start": "00:26:03", "end": "00:26:06", "text": "kind of like its near-term potential."}, {"start": "00:26:05", "end": "00:26:08", "text": "doesn't mean that it can't go above 5"}, {"start": "00:26:06", "end": "00:26:12", "text": "trillion, but"}, {"start": "00:26:08", "end": "00:26:15", "text": "it's tough. It's tough, right?"}, {"start": "00:26:12", "end": "00:26:18", "text": "But [snorts] you look at a potential of"}, {"start": "00:26:15", "end": "00:26:20", "text": "Bitcoin a lot higher than two, two and a"}, {"start": "00:26:18", "end": "00:26:23", "text": "halfx. We we do two X just to get back"}, {"start": "00:26:20", "end": "00:26:24", "text": "to our previous high and that we know"}, {"start": "00:26:23", "end": "00:26:27", "text": "that's not the top. And then all the"}, {"start": "00:26:24", "end": "00:26:29", "text": "things in crypto like soul and ETH and"}, {"start": "00:26:27", "end": "00:26:32", "text": "XRP, we're like it has to go up three,"}, {"start": "00:26:29", "end": "00:26:36", "text": "four, fivex to get back, right? So, if"}, {"start": "00:26:32", "end": "00:26:42", "text": "you're looking at it from just like a"}, {"start": "00:26:36", "end": "00:26:46", "text": "potential, a top potential, I guess, um,"}, {"start": "00:26:42", "end": "00:26:46", "text": "doesn't make a whole lot of sense,"}, {"start": "00:26:49", "end": "00:26:54", "text": "but there will always be FOMO for sure."}, {"start": "00:27:16", "end": "00:27:23", "text": "Pedra, who is a [�__�] idiot right now."}, {"start": "00:27:20", "end": "00:27:25", "text": "How did I support Jason Derillo"}, {"start": "00:27:23", "end": "00:27:29", "text": "and his scamcoin?"}, {"start": "00:27:25", "end": "00:27:34", "text": "Tell me how how I did that."}, {"start": "00:27:29", "end": "00:27:37", "text": "I was part of uh I was filming"}, {"start": "00:27:34", "end": "00:27:37", "text": "uh Killer Whales"}, {"start": "00:27:38", "end": "00:27:44", "text": "and he showed up because the producers"}, {"start": "00:27:41", "end": "00:27:46", "text": "wanted him to be part of it and I took a"}, {"start": "00:27:44", "end": "00:27:49", "text": "picture with them. How's that supporting"}, {"start": "00:27:46", "end": "00:27:49", "text": "his scamcoin?"}, {"start": "00:27:51", "end": "00:27:58", "text": "This Pedra's guy is a [�__�] idiot and"}, {"start": "00:27:55", "end": "00:28:02", "text": "he thinks he go rattle me by outing me"}, {"start": "00:27:58", "end": "00:28:02", "text": "in this live chat."}, {"start": "00:28:02", "end": "00:28:06", "text": "Makes no sense."}, {"start": "00:28:04", "end": "00:28:06", "text": "[snorts]"}, {"start": "00:28:22", "end": "00:28:27", "text": "You got you got so many idiots, all"}, {"start": "00:28:25", "end": "00:28:30", "text": "right,"}, {"start": "00:28:27", "end": "00:28:32", "text": "that are so miserable or they fell for"}, {"start": "00:28:30", "end": "00:28:37", "text": "scams, so they have to blame everyone"}, {"start": "00:28:32", "end": "00:28:39", "text": "else. It's like they have no no brain."}, {"start": "00:28:37", "end": "00:28:42", "text": "They don't want to take responsibility"}, {"start": "00:28:39", "end": "00:28:43", "text": "for their actions."}, {"start": "00:28:42", "end": "00:28:46", "text": "They feel miserable, so they have to"}, {"start": "00:28:43", "end": "00:28:48", "text": "blame everyone else or bring everyone"}, {"start": "00:28:46", "end": "00:28:50", "text": "else down with them to make themselves"}, {"start": "00:28:48", "end": "00:28:52", "text": "feel better."}, {"start": "00:28:50", "end": "00:28:56", "text": "And those losers will always stay in"}, {"start": "00:28:52", "end": "00:28:59", "text": "their mom's basement and never"}, {"start": "00:28:56", "end": "00:29:03", "text": "never move out, never make something of"}, {"start": "00:28:59", "end": "00:29:07", "text": "themselves because they just can't break"}, {"start": "00:29:03", "end": "00:29:07", "text": "themselves away from that."}, {"start": "00:29:08", "end": "00:29:12", "text": "Yeah, the victim mentality that really"}, {"start": "00:29:10", "end": "00:29:14", "text": "holds a lot of people back. I mean,"}, {"start": "00:29:12", "end": "00:29:18", "text": "everyone is dealt their the hand they're"}, {"start": "00:29:14", "end": "00:29:20", "text": "dealt and everyone grows up differently,"}, {"start": "00:29:18", "end": "00:29:24", "text": "right? [snorts]"}, {"start": "00:29:20", "end": "00:29:28", "text": "Um, I certainly didn't grow up rich. Uh,"}, {"start": "00:29:24", "end": "00:29:30", "text": "single mom immigrant in the US. I had to"}, {"start": "00:29:28", "end": "00:29:34", "text": "deal with"}, {"start": "00:29:30", "end": "00:29:38", "text": "bullies and racism and all this stuff. I"}, {"start": "00:29:34", "end": "00:29:40", "text": "didn't know English well all this stuff"}, {"start": "00:29:38", "end": "00:29:43", "text": "you know I did something with my life"}, {"start": "00:29:40", "end": "00:29:45", "text": "most of you guys you know some of you"}, {"start": "00:29:43", "end": "00:29:49", "text": "guys grew up very poor some of you guys"}, {"start": "00:29:45", "end": "00:29:51", "text": "didn't everyone is dealt with the hand"}, {"start": "00:29:49", "end": "00:29:54", "text": "given to them right and you got to play"}, {"start": "00:29:51", "end": "00:29:57", "text": "it the best you can you can't be like in"}, {"start": "00:29:54", "end": "00:29:59", "text": "poker you you you're dealt with a two"}, {"start": "00:29:57", "end": "00:30:02", "text": "and three"}, {"start": "00:29:59", "end": "00:30:05", "text": "you could win with a two and three you"}, {"start": "00:30:02", "end": "00:30:08", "text": "can someone could have pocket aces and"}, {"start": "00:30:05", "end": "00:30:12", "text": "you could still beat them at that hand,"}, {"start": "00:30:08", "end": "00:30:14", "text": "right? It happens all the time. Uh, you"}, {"start": "00:30:12", "end": "00:30:16", "text": "got to know how to play your hand and"}, {"start": "00:30:14", "end": "00:30:18", "text": "you got to try. You can't just say, \"I"}, {"start": "00:30:16", "end": "00:30:20", "text": "got two and three. I'm going to fold for"}, {"start": "00:30:18", "end": "00:30:23", "text": "the rest of my life.\""}, {"start": "00:30:20", "end": "00:30:26", "text": "Then then that's how you're setting up"}, {"start": "00:30:23", "end": "00:30:26", "text": "your life."}, {"start": "00:30:38", "end": "00:30:43", "text": "27 is the worst poker hand."}, {"start": "00:30:42", "end": "00:30:44", "text": "Yeah, because you can't really do"}, {"start": "00:30:43", "end": "00:30:47", "text": "anything with that. Although you can"}, {"start": "00:30:44", "end": "00:30:52", "text": "make a flush with it. Um, but I would"}, {"start": "00:30:47", "end": "00:30:56", "text": "say 23, two4, 25"}, {"start": "00:30:52", "end": "00:30:56", "text": "better than 27."}, {"start": "00:30:57", "end": "00:31:01", "text": "Um,"}, {"start": "00:30:59", "end": "00:31:02", "text": "you can't make it straight with it."}, {"start": "00:31:01", "end": "00:31:04", "text": "That's You can't make it straight, but"}, {"start": "00:31:02", "end": "00:31:07", "text": "you can make it flush with it. There's"}, {"start": "00:31:04", "end": "00:31:07", "text": "still something."}, {"start": "00:31:15", "end": "00:31:19", "text": "Uh don't don't talk about the Spurs,"}, {"start": "00:31:17", "end": "00:31:21", "text": "man. That was such a disappoint. You"}, {"start": "00:31:19", "end": "00:31:23", "text": "know, this is why I don't watch games"}, {"start": "00:31:21", "end": "00:31:26", "text": "sometimes"}, {"start": "00:31:23", "end": "00:31:28", "text": "because whoever I'm rooting for somehow"}, {"start": "00:31:26", "end": "00:31:31", "text": "loses. Like by halftime, they were up"}, {"start": "00:31:28", "end": "00:31:34", "text": "like 30 or 40 points."}, {"start": "00:31:31", "end": "00:31:36", "text": "And then I saw that lead slowly dwindle"}, {"start": "00:31:34", "end": "00:31:40", "text": "by the end of the third. They were still"}, {"start": "00:31:36", "end": "00:31:42", "text": "up by like 20 or 18. And I'm like,"}, {"start": "00:31:40", "end": "00:31:46", "text": "there's no way that the Spurs can play"}, {"start": "00:31:42", "end": "00:31:50", "text": "so badly that they let the Knicks come"}, {"start": "00:31:46", "end": "00:31:52", "text": "back. I mean, they had them. It was a"}, {"start": "00:31:50", "end": "00:31:54", "text": "done deal."}, {"start": "00:31:52", "end": "00:31:57", "text": "But of course,"}, {"start": "00:31:54", "end": "00:32:00", "text": "they let him come back. And the last tip"}, {"start": "00:31:57", "end": "00:32:02", "text": "in was just ridiculous."}, {"start": "00:32:00", "end": "00:32:05", "text": "And now they're down 3-1 and most likely"}, {"start": "00:32:02", "end": "00:32:08", "text": "they're go lose. Man, they had a perfect"}, {"start": "00:32:05", "end": "00:32:09", "text": "shot to even it out. There are so many"}, {"start": "00:32:08", "end": "00:32:11", "text": "opportunities"}, {"start": "00:32:09", "end": "00:32:15", "text": "game two that they lost. They could have"}, {"start": "00:32:11", "end": "00:32:17", "text": "won if WBY made the shot."}, {"start": "00:32:15", "end": "00:32:21", "text": "But man, they're"}, {"start": "00:32:17", "end": "00:32:24", "text": "their inner experience"}, {"start": "00:32:21", "end": "00:32:24", "text": "pisses me off."}, {"start": "00:32:34", "end": "00:32:38", "text": ">> [snorts]"}, {"start": "00:32:36", "end": "00:32:41", "text": ">> Yesterday wasn't even Brunson. It was"}, {"start": "00:32:38", "end": "00:32:44", "text": "the the one guy, I don't know his name,"}, {"start": "00:32:41", "end": "00:32:48", "text": "but he he was making threes like crazy."}, {"start": "00:32:44", "end": "00:32:50", "text": "He made like five, six threes towards"}, {"start": "00:32:48", "end": "00:32:51", "text": "the end in a row. It's like it was going"}, {"start": "00:32:50", "end": "00:32:53", "text": "nuts. They were the only way to catch up"}, {"start": "00:32:51", "end": "00:32:57", "text": "is threes and they were hitting every"}, {"start": "00:32:53", "end": "00:33:00", "text": "three in the third and fourth. Still the"}, {"start": "00:32:57", "end": "00:33:02", "text": "Spurs, they they made so many turnovers,"}, {"start": "00:33:00", "end": "00:33:04", "text": "so many bad shots,"}, {"start": "00:33:02", "end": "00:33:07", "text": "like their selection, they were rushing"}, {"start": "00:33:04", "end": "00:33:08", "text": "it, like it made no sense. They were so"}, {"start": "00:33:07", "end": "00:33:11", "text": "composed in game three. In game four,"}, {"start": "00:33:08", "end": "00:33:13", "text": "they just like completely reverted again"}, {"start": "00:33:11", "end": "00:33:16", "text": "to like game two where they were just"}, {"start": "00:33:13", "end": "00:33:18", "text": "like they they were they didn't know"}, {"start": "00:33:16", "end": "00:33:22", "text": "what to do. They were playing not to"}, {"start": "00:33:18", "end": "00:33:22", "text": "lose, not trying to win."}, {"start": "00:33:23", "end": "00:33:29", "text": "Uh Ashley, I appreciate that big super"}, {"start": "00:33:26", "end": "00:33:34", "text": "chat. That's a huge super chat. $25."}, {"start": "00:33:29", "end": "00:33:34", "text": "I'll use that for good."}, {"start": "00:33:37", "end": "00:33:41", "text": "Uh Clash picks for NFL season though. Of"}, {"start": "00:33:39", "end": "00:33:44", "text": "course."}, {"start": "00:33:41", "end": "00:33:44", "text": "Of course."}, {"start": "00:34:13", "end": "00:34:20", "text": "Bezos speaks to CNBC exclusively as his"}, {"start": "00:34:16", "end": "00:34:25", "text": "AI startup Prometheus raises 12 billion."}, {"start": "00:34:20", "end": "00:34:25", "text": "I mean, it's so easy, okay, to raise"}, {"start": "00:34:27", "end": "00:34:33", "text": "Um, especially if you're one of the"}, {"start": "00:34:30", "end": "00:34:35", "text": "richest men on earth, it's like you"}, {"start": "00:34:33", "end": "00:34:37", "text": "already have that tre, you know, you"}, {"start": "00:34:35", "end": "00:34:38", "text": "already have billions first of all"}, {"start": "00:34:37", "end": "00:34:40", "text": "yourself. You don't need to raise, but"}, {"start": "00:34:38", "end": "00:34:42", "text": "second of all, you have that track"}, {"start": "00:34:40", "end": "00:34:43", "text": "record. So, it's whatever you come out"}, {"start": "00:34:42", "end": "00:34:47", "text": "with, you're go raise money. He could"}, {"start": "00:34:43", "end": "00:34:49", "text": "come out with the stupidest AI startup"}, {"start": "00:34:47", "end": "00:34:53", "text": "and it's going to raise billions, right?"}, {"start": "00:34:49", "end": "00:34:57", "text": "That's uh it's like a you know it's one"}, {"start": "00:34:53", "end": "00:34:59", "text": "of the secrets I guess in life is like"}, {"start": "00:34:57", "end": "00:35:03", "text": "once you have done something it's so"}, {"start": "00:34:59", "end": "00:35:05", "text": "much easier to do it again but that's"}, {"start": "00:35:03", "end": "00:35:08", "text": "also the hard part right you got to make"}, {"start": "00:35:05", "end": "00:35:11", "text": "it once that's the thing a lot of these"}, {"start": "00:35:08", "end": "00:35:12", "text": "AI companies that are worth so much is"}, {"start": "00:35:11", "end": "00:35:14", "text": "because the founders have built"}, {"start": "00:35:12", "end": "00:35:17", "text": "something earlier or have come from"}, {"start": "00:35:14", "end": "00:35:19", "text": "somewhere so they're able to raise"}, {"start": "00:35:17", "end": "00:35:22", "text": "millions or billions"}, {"start": "00:35:19", "end": "00:35:24", "text": "and get their billion dollar valuations"}, {"start": "00:35:22", "end": "00:35:26", "text": "very easily because of that even though"}, {"start": "00:35:24", "end": "00:35:29", "text": "they don't have anything."}, {"start": "00:35:26", "end": "00:35:31", "text": "But"}, {"start": "00:35:29", "end": "00:35:34", "text": "yeah, I'm I'm gonna go through that. I'm"}, {"start": "00:35:31", "end": "00:35:36", "text": "gonna go through"}, {"start": "00:35:34", "end": "00:35:38", "text": "I'm going try to do that with uh Ask"}, {"start": "00:35:36", "end": "00:35:40", "text": "Clash once we get some revenue going"}, {"start": "00:35:38", "end": "00:35:43", "text": "with subscriptions."}, {"start": "00:35:40", "end": "00:35:45", "text": "I'm gonna try to raise and see this is"}, {"start": "00:35:43", "end": "00:35:48", "text": "the right time because all these AI"}, {"start": "00:35:45", "end": "00:35:50", "text": "startups and AI projects are are"}, {"start": "00:35:48", "end": "00:35:51", "text": "trending and getting these high"}, {"start": "00:35:50", "end": "00:35:52", "text": "valuations. I'm going to try to do the"}, {"start": "00:35:51", "end": "00:35:55", "text": "same thing. I think we're doing pretty"}, {"start": "00:35:52", "end": "00:35:57", "text": "good with growth after one month. If we"}, {"start": "00:35:55", "end": "00:36:00", "text": "get some revenue, which is very hard,"}, {"start": "00:35:57", "end": "00:36:01", "text": "but once we do,"}, {"start": "00:36:00", "end": "00:36:03", "text": "I'm going to try to do the same thing"}, {"start": "00:36:01", "end": "00:36:05", "text": "and see what happens. try to get more"}, {"start": "00:36:03", "end": "00:36:07", "text": "people to support the project, raise"}, {"start": "00:36:05", "end": "00:36:08", "text": "money for marketing and growing the"}, {"start": "00:36:07", "end": "00:36:12", "text": "infrastructure,"}, {"start": "00:36:08", "end": "00:36:16", "text": "and who knows, maybe we'll get bought"}, {"start": "00:36:12", "end": "00:36:16", "text": "out for a billion dollars eventually."}, {"start": "00:36:30", "end": "00:36:35", "text": "So hopefully this doesn't actually"}, {"start": "00:36:32", "end": "00:36:38", "text": "happen tonight."}, {"start": "00:36:35", "end": "00:36:43", "text": "Hopefully there will be like a lastm"}, {"start": "00:36:38", "end": "00:36:46", "text": "minute negotiation and ceasefire deal"}, {"start": "00:36:43", "end": "00:36:46", "text": "before"}, {"start": "00:36:46", "end": "00:36:50", "text": "before the strike tonight."}, {"start": "00:37:04", "end": "00:37:09", "text": "I'm buying one of those little slate"}, {"start": "00:37:06", "end": "00:37:12", "text": "trucks for Home Depot runs. I don't"}, {"start": "00:37:09", "end": "00:37:14", "text": "think Bezos actually created that. I"}, {"start": "00:37:12", "end": "00:37:16", "text": "think he's just uh he's just an investor"}, {"start": "00:37:14", "end": "00:37:18", "text": "in it."}, {"start": "00:37:16", "end": "00:37:21", "text": "But it does look pretty cool. It's Well,"}, {"start": "00:37:18", "end": "00:37:23", "text": "it's a EV. It's a EV truck, right? Uh"}, {"start": "00:37:21", "end": "00:37:25", "text": "but it's very cheap. It started out like"}, {"start": "00:37:23", "end": "00:37:27", "text": "20 something,000 and then like you"}, {"start": "00:37:25", "end": "00:37:31", "text": "customize it gets up to like 40ome. But"}, {"start": "00:37:27", "end": "00:37:35", "text": "the base one, I think it's like 20"}, {"start": "00:37:31", "end": "00:37:35", "text": "something,000 which is very affordable."}, {"start": "00:37:53", "end": "00:37:56", "text": "Um,"}, {"start": "00:37:56", "end": "00:38:02", "text": "NBA is my favorite sport. Yes."}, {"start": "00:37:59", "end": "00:38:05", "text": "Yes, it is. Although I haven't kept up"}, {"start": "00:38:02", "end": "00:38:07", "text": "with it as much as I should. And there's"}, {"start": "00:38:05", "end": "00:38:10", "text": "so many new players. I have no idea who"}, {"start": "00:38:07", "end": "00:38:12", "text": "they are. So, you know, before I would I"}, {"start": "00:38:10", "end": "00:38:15", "text": "I can name every player on every team."}, {"start": "00:38:12", "end": "00:38:19", "text": "No, I I can't. Maybe one or two people,"}, {"start": "00:38:15", "end": "00:38:19", "text": "you know, the stars. That's it."}, {"start": "00:38:47", "end": "00:38:52", "text": "Is my history show up? Yeah."}, {"start": "00:38:53", "end": "00:38:59", "text": "All right, guys. I'll let you guys go."}, {"start": "00:38:56", "end": "00:39:03", "text": "I'm going to work on a few things,"}, {"start": "00:38:59", "end": "00:39:05", "text": "but uh"}, {"start": "00:39:03", "end": "00:39:07", "text": "yeah. So, we we got a lot of a lot of"}, {"start": "00:39:05", "end": "00:39:10", "text": "stuff today. Overall though, we're"}, {"start": "00:39:07", "end": "00:39:13", "text": "green, which is really good. That's the"}, {"start": "00:39:10", "end": "00:39:16", "text": "main thing. Um, and that's surprising"}, {"start": "00:39:13", "end": "00:39:19", "text": "because we have this threat of a strike"}, {"start": "00:39:16", "end": "00:39:22", "text": "tonight. Hopefully, it doesn't happen,"}, {"start": "00:39:19", "end": "00:39:25", "text": "but if it happens, we won't be surprised"}, {"start": "00:39:22", "end": "00:39:27", "text": "because already pre-announced it. Uh, we"}, {"start": "00:39:25", "end": "00:39:30", "text": "got some bad inflation data. Okay,"}, {"start": "00:39:27", "end": "00:39:34", "text": "that's to be expected. But, uh, they"}, {"start": "00:39:30", "end": "00:39:36", "text": "ain't helping things. We got the SpaceX"}, {"start": "00:39:34", "end": "00:39:37", "text": "IPO coming up tomorrow. That'll be"}, {"start": "00:39:36", "end": "00:39:40", "text": "interesting. Obviously, we'll be able to"}, {"start": "00:39:37", "end": "00:39:44", "text": "cover that as it goes as it opens up in"}, {"start": "00:39:40", "end": "00:39:46", "text": "the market. Um, but"}, {"start": "00:39:44", "end": "00:39:48", "text": "you know what? Stay strong. Stay strong,"}, {"start": "00:39:46", "end": "00:39:51", "text": "my friends. Right now, it's one of those"}, {"start": "00:39:48", "end": "00:39:54", "text": "dark times, oversold times, fetish"}, {"start": "00:39:51", "end": "00:39:56", "text": "times, right? We have seen it before."}, {"start": "00:39:54", "end": "00:40:00", "text": "This is the time to be"}, {"start": "00:39:56", "end": "00:40:03", "text": "in the game and DC saying if you can"}, {"start": "00:40:00", "end": "00:40:07", "text": "because that capital rotation that went"}, {"start": "00:40:03", "end": "00:40:11", "text": "out will come back when crypto becomes"}, {"start": "00:40:07", "end": "00:40:12", "text": "the shiny object once again. All right,"}, {"start": "00:40:11", "end": "00:40:15", "text": "have a good one guys. Go play around"}, {"start": "00:40:12", "end": "00:40:18", "text": "with Ask Clash. Check out all the tools"}, {"start": "00:40:15", "end": "00:40:20", "text": "and the new agent feature. I think you"}, {"start": "00:40:18", "end": "00:40:23", "text": "guys will really like it and we'll be"}, {"start": "00:40:20", "end": "00:40:26", "text": "working on it more today."}, {"start": "00:40:23", "end": "00:40:30", "text": "Okay. Utilize the power of agents for"}, {"start": "00:40:26", "end": "00:40:33", "text": "your investing journey. All right. Take"}, {"start": "00:40:30", "end": "00:40:33", "text": "care, guys."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Welcome back guys. So I want to give you"}, {"start": "00:00:03", "end": "00:00:08", "text": "a quick update on what happened today."}, {"start": "00:00:05", "end": "00:00:11", "text": "Today was a brutal day once again for US"}, {"start": "00:00:08", "end": "00:00:13", "text": "markets. But for Bitcoin crypto, we"}, {"start": "00:00:11", "end": "00:00:14", "text": "actually held okay. We didn't go down,"}, {"start": "00:00:13", "end": "00:00:17", "text": "we didn't go up. We kind of just went"}, {"start": "00:00:14", "end": "00:00:19", "text": "sideways. But let me explain what's"}, {"start": "00:00:17", "end": "00:00:20", "text": "going on. A couple of things"}, {"start": "00:00:19", "end": "00:00:24", "text": "geopolitically and macro that's"}, {"start": "00:00:20", "end": "00:00:27", "text": "happening that's causing the selloff."}, {"start": "00:00:24", "end": "00:00:30", "text": "Will it continue? So, as you can see"}, {"start": "00:00:27", "end": "00:00:32", "text": "right now, Bitcoin is sitting right"}, {"start": "00:00:30", "end": "00:00:33", "text": "under $62. So, basically exactly the"}, {"start": "00:00:32", "end": "00:00:36", "text": "same point as yesterday. We didn't"}, {"start": "00:00:33", "end": "00:00:40", "text": "really move a whole lot today, which is"}, {"start": "00:00:36", "end": "00:00:43", "text": "a good thing considering, look at this."}, {"start": "00:00:40", "end": "00:00:46", "text": "Dow went down almost a,000 points today."}, {"start": "00:00:43", "end": "00:00:48", "text": "NASDAQ down 500."}, {"start": "00:00:46", "end": "00:00:53", "text": "And overall,"}, {"start": "00:00:48", "end": "00:00:57", "text": "we had 1.1 trillion wiped out today."}, {"start": "00:00:53", "end": "00:01:00", "text": "Yeah, that's no good. So, what are the"}, {"start": "00:00:57", "end": "00:01:03", "text": "things that caused this? Number one,"}, {"start": "00:01:00", "end": "00:01:05", "text": "inflation. We got inflation data this"}, {"start": "00:01:03", "end": "00:01:08", "text": "morning and it showed inflation going up"}, {"start": "00:01:05", "end": "00:01:10", "text": "to 4.2%, a three-year high. So, no one"}, {"start": "00:01:08", "end": "00:01:13", "text": "likes this,"}, {"start": "00:01:10", "end": "00:01:16", "text": "right? And it decreases our chances of"}, {"start": "00:01:13", "end": "00:01:19", "text": "getting uh a rate cut if inflation keeps"}, {"start": "00:01:16", "end": "00:01:21", "text": "going up. Now, Trump was asked about"}, {"start": "00:01:19", "end": "00:01:23", "text": "this and he's like, \"You know what? I"}, {"start": "00:01:21", "end": "00:01:26", "text": "like inflation. I don't like it. I love"}, {"start": "00:01:23", "end": "00:01:28", "text": "it. Why? Because he's like, after the"}, {"start": "00:01:26", "end": "00:01:31", "text": "war is over, inflation is going to go"}, {"start": "00:01:28", "end": "00:01:34", "text": "down. That doesn't really explain why he"}, {"start": "00:01:31", "end": "00:01:36", "text": "loves inflation now. Seems like"}, {"start": "00:01:34", "end": "00:01:39", "text": "inflation is entrenched. Everything that"}, {"start": "00:01:36", "end": "00:01:41", "text": "we have, all services and goods are just"}, {"start": "00:01:39", "end": "00:01:44", "text": "more expensive. But I haven't seen"}, {"start": "00:01:41", "end": "00:01:45", "text": "anything go down, only upwards. So, I"}, {"start": "00:01:44", "end": "00:01:48", "text": "don't know if his expectation is once"}, {"start": "00:01:45", "end": "00:01:50", "text": "the war is over, oil prices drop,"}, {"start": "00:01:48", "end": "00:01:52", "text": "everything will come back down. I hope"}, {"start": "00:01:50", "end": "00:01:55", "text": "so, but that's not what it looks like"}, {"start": "00:01:52", "end": "00:01:59", "text": "right now. Okay, but he did say he love"}, {"start": "00:01:55", "end": "00:02:02", "text": "it. And on top of that, we got more of"}, {"start": "00:01:59", "end": "00:02:05", "text": "this. He did reveal during that"}, {"start": "00:02:02", "end": "00:02:09", "text": "interview that we have secretly snuck"}, {"start": "00:02:05", "end": "00:02:11", "text": "out 100 million barrels of oil, okay,"}, {"start": "00:02:09", "end": "00:02:13", "text": "and more than 200 commercial ships,"}, {"start": "00:02:11", "end": "00:02:17", "text": "which is good. But he wants to state the"}, {"start": "00:02:13", "end": "00:02:21", "text": "fact that we the United States controls"}, {"start": "00:02:17", "end": "00:02:24", "text": "the straighter who moves not Iran."}, {"start": "00:02:21", "end": "00:02:28", "text": "Okay. And on top of that,"}, {"start": "00:02:24", "end": "00:02:31", "text": "we will be conducting more military"}, {"start": "00:02:28", "end": "00:02:34", "text": "strikes. Okay. He goes on and says that,"}, {"start": "00:02:31", "end": "00:02:35", "text": "you know, they're in complete mess,"}, {"start": "00:02:34", "end": "00:02:37", "text": "right? But because they've been"}, {"start": "00:02:35", "end": "00:02:40", "text": "stalling,"}, {"start": "00:02:37", "end": "00:02:44", "text": "Pete Hagg says says that the US will"}, {"start": "00:02:40", "end": "00:02:46", "text": "strike Iran hard tonight. So this is"}, {"start": "00:02:44", "end": "00:02:49", "text": "what's causing"}, {"start": "00:02:46", "end": "00:02:51", "text": "uh well or cause the market to feel"}, {"start": "00:02:49", "end": "00:02:53", "text": "uneasy with oil going up with more"}, {"start": "00:02:51", "end": "00:02:57", "text": "strikes going on. So it seems like the"}, {"start": "00:02:53", "end": "00:03:00", "text": "ceasefire talks is over and inflation"}, {"start": "00:02:57", "end": "00:03:02", "text": "going up as well. So obviously you"}, {"start": "00:03:00", "end": "00:03:04", "text": "combine all these things together, uh"}, {"start": "00:03:02", "end": "00:03:07", "text": "that's what caused"}, {"start": "00:03:04", "end": "00:03:09", "text": "you know, the sell-off. But like I said,"}, {"start": "00:03:07", "end": "00:03:13", "text": "Bitcoin is staying steady, staying"}, {"start": "00:03:09", "end": "00:03:16", "text": "strong, which is really good. Now, we"}, {"start": "00:03:13", "end": "00:03:19", "text": "got some good news. I don't know if this"}, {"start": "00:03:16", "end": "00:03:21", "text": "considered good news, but we got a we"}, {"start": "00:03:19", "end": "00:03:23", "text": "got a response for this. Okay, Sailor"}, {"start": "00:03:21", "end": "00:03:27", "text": "didn't respond."}, {"start": "00:03:23", "end": "00:03:30", "text": "Actually, the CEO of Strategy, Fong Lee,"}, {"start": "00:03:27", "end": "00:03:34", "text": "responded saying that that 32 bitcoin"}, {"start": "00:03:30", "end": "00:03:34", "text": "cell was just inoculation."}, {"start": "00:03:34", "end": "00:03:38", "text": "I don't know what that means exactly. We"}, {"start": "00:03:36", "end": "00:03:41", "text": "wanted to inoculate the market. We"}, {"start": "00:03:38", "end": "00:03:43", "text": "wanted to test our processes. We learned"}, {"start": "00:03:41", "end": "00:03:46", "text": "that everything works."}, {"start": "00:03:43", "end": "00:03:49", "text": "I think it's more to test the market."}, {"start": "00:03:46", "end": "00:03:53", "text": "Okay? Anyone knows how to sell. Selling,"}, {"start": "00:03:49", "end": "00:03:55", "text": "you don't need to sell and test the"}, {"start": "00:03:53", "end": "00:03:59", "text": "process. I think it's really to test the"}, {"start": "00:03:55", "end": "00:04:01", "text": "market in terms of what would happen."}, {"start": "00:03:59", "end": "00:04:06", "text": "And I think they got their I think they"}, {"start": "00:04:01", "end": "00:04:07", "text": "got um the reaction, but probably not to"}, {"start": "00:04:06", "end": "00:04:09", "text": "the extent that they thought it was"}, {"start": "00:04:07", "end": "00:04:12", "text": "going to be. Maybe they thought some"}, {"start": "00:04:09", "end": "00:04:14", "text": "people would and complain, but not"}, {"start": "00:04:12", "end": "00:04:18", "text": "I I bet they didn't think that people"}, {"start": "00:04:14", "end": "00:04:20", "text": "would blame strategy as the re the real"}, {"start": "00:04:18", "end": "00:04:22", "text": "reason why everything went down. Now, I"}, {"start": "00:04:20", "end": "00:04:25", "text": "know it's not just strategy, but it"}, {"start": "00:04:22", "end": "00:04:26", "text": "definitely caused a lot of fear. So, I"}, {"start": "00:04:25", "end": "00:04:28", "text": "don't know if this is actually a good"}, {"start": "00:04:26", "end": "00:04:31", "text": "reason. And we didn't hear from Sailor"}, {"start": "00:04:28", "end": "00:04:34", "text": "himself. He should have addressed this"}, {"start": "00:04:31", "end": "00:04:36", "text": "even though he did buy some Bitcoin this"}, {"start": "00:04:34", "end": "00:04:39", "text": "week. Still"}, {"start": "00:04:36", "end": "00:04:43", "text": "no real explanation for this other than"}, {"start": "00:04:39", "end": "00:04:45", "text": "they're testing the waters, right? But"}, {"start": "00:04:43", "end": "00:04:48", "text": "also, he did say that"}, {"start": "00:04:45", "end": "00:04:50", "text": "whatever they did was not driven by"}, {"start": "00:04:48", "end": "00:04:52", "text": "financial distress. They didn't need to"}, {"start": "00:04:50", "end": "00:04:54", "text": "sell it to satisfy their dividend. We're"}, {"start": "00:04:52", "end": "00:04:57", "text": "able to do that through other capital"}, {"start": "00:04:54", "end": "00:05:02", "text": "raising activities like selling shares,"}, {"start": "00:04:57", "end": "00:05:04", "text": "right? Still not sure that is such a"}, {"start": "00:05:02", "end": "00:05:06", "text": "good explanation, but at least we got"}, {"start": "00:05:04", "end": "00:05:09", "text": "something, right? So, I don't know if"}, {"start": "00:05:06", "end": "00:05:12", "text": "it's good or bad. It's neutral. Neutral."}, {"start": "00:05:09", "end": "00:05:14", "text": "Now, all this AI stuff that we've been"}, {"start": "00:05:12", "end": "00:05:17", "text": "talking about, AI did not do well today."}, {"start": "00:05:14", "end": "00:05:20", "text": "AI stocks tank today. In fact, let me"}, {"start": "00:05:17", "end": "00:05:25", "text": "just look at it. All red. Nvidia,"}, {"start": "00:05:20", "end": "00:05:27", "text": "Google, AMD, TSM, Intel, Micron, Tesla,"}, {"start": "00:05:25", "end": "00:05:29", "text": "Dell, everything related to AI is still"}, {"start": "00:05:27", "end": "00:05:31", "text": "going down. The sell-off is still"}, {"start": "00:05:29", "end": "00:05:33", "text": "happening. I think it's a correction."}, {"start": "00:05:31", "end": "00:05:34", "text": "What I've been talking about, I I told"}, {"start": "00:05:33", "end": "00:05:36", "text": "you guys, I think that things are too"}, {"start": "00:05:34", "end": "00:05:39", "text": "high, too frosty, but I don't think"}, {"start": "00:05:36", "end": "00:05:41", "text": "it'll go away. And there is a natural"}, {"start": "00:05:39", "end": "00:05:43", "text": "complimementary"}, {"start": "00:05:41", "end": "00:05:46", "text": "uh with"}, {"start": "00:05:43", "end": "00:05:49", "text": "AI and crypto, right? So, look at this."}, {"start": "00:05:46", "end": "00:05:50", "text": "Visa has AI agent payments and stable"}, {"start": "00:05:49", "end": "00:05:54", "text": "coin settlement tools for programmable"}, {"start": "00:05:50", "end": "00:05:57", "text": "commerce. Exactly. Right. Think about"}, {"start": "00:05:54", "end": "00:06:00", "text": "it. We're all digital. AI is all"}, {"start": "00:05:57", "end": "00:06:02", "text": "digital. They need to utilize settlement"}, {"start": "00:06:00", "end": "00:06:06", "text": "tools. They need to use ledgers. They"}, {"start": "00:06:02", "end": "00:06:06", "text": "need to use programmable"}, {"start": "00:06:08", "end": "00:06:14", "text": "programmable DAPs, right? This is all"}, {"start": "00:06:11", "end": "00:06:16", "text": "part of crypto. So there's a natural"}, {"start": "00:06:14", "end": "00:06:20", "text": "synergy. They complement each other and"}, {"start": "00:06:16", "end": "00:06:23", "text": "I don't think people realize that yet,"}, {"start": "00:06:20", "end": "00:06:25", "text": "but they will. They will. Same thing"}, {"start": "00:06:23", "end": "00:06:26", "text": "over here. Look at Mastercard taps,"}, {"start": "00:06:25", "end": "00:06:31", "text": "Coinbase, Ripple, and crypto firms for"}, {"start": "00:06:26", "end": "00:06:33", "text": "AI agent payments. So, it's all related"}, {"start": "00:06:31", "end": "00:06:37", "text": "right now. It just seems like the two"}, {"start": "00:06:33", "end": "00:06:40", "text": "are not. But we have the infrastructure."}, {"start": "00:06:37", "end": "00:06:42", "text": "We have the digital ID system. We have"}, {"start": "00:06:40", "end": "00:06:44", "text": "the digital settlement system. We have"}, {"start": "00:06:42", "end": "00:06:47", "text": "the digital payment systems. We have the"}, {"start": "00:06:44", "end": "00:06:52", "text": "digital currencies. All the things that"}, {"start": "00:06:47", "end": "00:06:54", "text": "AI agents need, right? So keep that in"}, {"start": "00:06:52", "end": "00:06:56", "text": "mind because I think a lot of people"}, {"start": "00:06:54", "end": "00:07:00", "text": "right now don't quite get it. thinks all"}, {"start": "00:06:56", "end": "00:07:02", "text": "the money is flowing only to AI and that"}, {"start": "00:07:00", "end": "00:07:05", "text": "it's never going to flow back. It will,"}, {"start": "00:07:02", "end": "00:07:08", "text": "but people are just chasing the shiny"}, {"start": "00:07:05", "end": "00:07:11", "text": "object right now. Okay? Or at least they"}, {"start": "00:07:08", "end": "00:07:13", "text": "were. Sell off is still happening. So,"}, {"start": "00:07:11", "end": "00:07:16", "text": "we'll see if that continues. But they're"}, {"start": "00:07:13", "end": "00:07:16", "text": "chasing it."}, {"start": "00:07:16", "end": "00:07:21", "text": "But I think in the future, in the near"}, {"start": "00:07:18", "end": "00:07:24", "text": "future, we will see more talks about"}, {"start": "00:07:21", "end": "00:07:26", "text": "integration, right? like this utilizing"}, {"start": "00:07:24", "end": "00:07:29", "text": "AI for tra traditional banking or"}, {"start": "00:07:26", "end": "00:07:34", "text": "traditional finance, right? And"}, {"start": "00:07:29", "end": "00:07:38", "text": "incorporating crypto ledgers, DeFi, RWA,"}, {"start": "00:07:34", "end": "00:07:41", "text": "everything can all be intertwined and"}, {"start": "00:07:38", "end": "00:07:44", "text": "integrated."}, {"start": "00:07:41", "end": "00:07:46", "text": "The latest Claude Fable predicts Bitcoin"}, {"start": "00:07:44", "end": "00:07:49", "text": "will hit 250,000 next cycle. I think"}, {"start": "00:07:46", "end": "00:07:51", "text": "that's right. I mean, we hit 126. To go"}, {"start": "00:07:49", "end": "00:07:53", "text": "double from there, I think that's about"}, {"start": "00:07:51", "end": "00:07:57", "text": "right. When will that come? Probably not"}, {"start": "00:07:53", "end": "00:07:59", "text": "this year, but I would say next year or"}, {"start": "00:07:57", "end": "00:08:02", "text": "2028, the next having year. I think that"}, {"start": "00:07:59", "end": "00:08:03", "text": "could be a real possibility,"}, {"start": "00:08:02", "end": "00:08:06", "text": "right? As long as the headwinds and"}, {"start": "00:08:03", "end": "00:08:09", "text": "tailwinds start clearing"}, {"start": "00:08:06", "end": "00:08:12", "text": "and we have this capital rotation back"}, {"start": "00:08:09", "end": "00:08:14", "text": "and hopefully some macro stuff like rate"}, {"start": "00:08:12", "end": "00:08:16", "text": "cuts can help us. Yeah, I think it"}, {"start": "00:08:14", "end": "00:08:18", "text": "definitely can happen this year. The"}, {"start": "00:08:16", "end": "00:08:20", "text": "best we can expect is a good recovery"}, {"start": "00:08:18", "end": "00:08:23", "text": "back to our previous high. though I"}, {"start": "00:08:20", "end": "00:08:26", "text": "don't know if that's going to happen,"}, {"start": "00:08:23", "end": "00:08:29", "text": "but Fable, I'll tell you, is awesome. It"}, {"start": "00:08:26", "end": "00:08:32", "text": "is awesome. Okay, but it's very costly"}, {"start": "00:08:29", "end": "00:08:35", "text": "and very slow, but it's a very good AI"}, {"start": "00:08:32", "end": "00:08:37", "text": "system. Trump also says he's going to"}, {"start": "00:08:35", "end": "00:08:39", "text": "talk to all the AI companies and get"}, {"start": "00:08:37", "end": "00:08:41", "text": "them to agree to give back to the public"}, {"start": "00:08:39", "end": "00:08:43", "text": "because they're making money handover"}, {"start": "00:08:41", "end": "00:08:47", "text": "fist. I don't know if that's happen"}, {"start": "00:08:43", "end": "00:08:48", "text": "because SpaceX, right, uh that is going"}, {"start": "00:08:47", "end": "00:08:51", "text": "to happen. This IPO is going to happen"}, {"start": "00:08:48", "end": "00:08:53", "text": "this Friday. Anthropic, Open AI, they're"}, {"start": "00:08:51", "end": "00:08:54", "text": "all going to go public, go make"}, {"start": "00:08:53", "end": "00:08:57", "text": "boatloads of money. I don't know if"}, {"start": "00:08:54", "end": "00:09:00", "text": "they're just go give back money to the"}, {"start": "00:08:57", "end": "00:09:02", "text": "public. Maybe Trump can convince them,"}, {"start": "00:09:00", "end": "00:09:04", "text": "right? That would be a positive. I think"}, {"start": "00:09:02", "end": "00:09:06", "text": "everyone would love it, but I don't know"}, {"start": "00:09:04", "end": "00:09:08", "text": "if that's going to be the case. Maybe"}, {"start": "00:09:06", "end": "00:09:11", "text": "they give back with three free tokens,"}, {"start": "00:09:08", "end": "00:09:14", "text": "free free credit, right? But I don't"}, {"start": "00:09:11", "end": "00:09:16", "text": "know. I don't know. We'll see. But"}, {"start": "00:09:14", "end": "00:09:18", "text": "lastly, I want to talk about well, since"}, {"start": "00:09:16", "end": "00:09:21", "text": "we're on the subject, agents, I finally"}, {"start": "00:09:18", "end": "00:09:23", "text": "got it done, guys. If you go to Ask"}, {"start": "00:09:21", "end": "00:09:26", "text": "Clash, I've been hyping this up. Your"}, {"start": "00:09:23", "end": "00:09:28", "text": "agent is now open. Okay? So, this is"}, {"start": "00:09:26", "end": "00:09:31", "text": "open for all. You're going to get a"}, {"start": "00:09:28", "end": "00:09:34", "text": "different experience with your agent."}, {"start": "00:09:31", "end": "00:09:37", "text": "Your agent is like a dedicated agent to"}, {"start": "00:09:34", "end": "00:09:39", "text": "you. The answers, the conversations will"}, {"start": "00:09:37", "end": "00:09:42", "text": "be different than what you normally see"}, {"start": "00:09:39", "end": "00:09:44", "text": "on the search bar, composer bar. you go"}, {"start": "00:09:42", "end": "00:09:47", "text": "into your agent, you will get something"}, {"start": "00:09:44", "end": "00:09:50", "text": "similar, but trust me, the conversations"}, {"start": "00:09:47", "end": "00:09:52", "text": "are very different, uh, a lot more"}, {"start": "00:09:50", "end": "00:09:54", "text": "friendly and also a lot more nurturing,"}, {"start": "00:09:52", "end": "00:09:57", "text": "educational."}, {"start": "00:09:54", "end": "00:09:59", "text": "Okay, it can basically teach you"}, {"start": "00:09:57", "end": "00:10:01", "text": "anything you want. It can help you with"}, {"start": "00:09:59", "end": "00:10:03", "text": "your financial success, but it can also"}, {"start": "00:10:01", "end": "00:10:06", "text": "help you with many different things. But"}, {"start": "00:10:03", "end": "00:10:09", "text": "this agent is programmed to remember its"}, {"start": "00:10:06", "end": "00:10:10", "text": "conversations, so bring up stuff. It'll"}, {"start": "00:10:09", "end": "00:10:13", "text": "be able to look at your portfolio, your"}, {"start": "00:10:10", "end": "00:10:15", "text": "watch list. It knows every single tool"}, {"start": "00:10:13", "end": "00:10:18", "text": "that's available on Ask Clash and can"}, {"start": "00:10:15", "end": "00:10:21", "text": "make recommendations. Plus, on top of"}, {"start": "00:10:18", "end": "00:10:24", "text": "that, you could generate reports,"}, {"start": "00:10:21", "end": "00:10:26", "text": "one-time, daily, weekly reports about"}, {"start": "00:10:24", "end": "00:10:29", "text": "anything your heart desired. Research"}, {"start": "00:10:26", "end": "00:10:32", "text": "reports, investment thesis, momentum"}, {"start": "00:10:29", "end": "00:10:34", "text": "radar, or portfolio lab, which relates"}, {"start": "00:10:32", "end": "00:10:38", "text": "to your portfolio, and it can help you"}, {"start": "00:10:34", "end": "00:10:40", "text": "do that. So case in point or example"}, {"start": "00:10:38", "end": "00:10:42", "text": "report something like this. When is"}, {"start": "00:10:40", "end": "00:10:44", "text": "Bitcoin going to pump again? I asked"}, {"start": "00:10:42", "end": "00:10:46", "text": "that and it generates this report and"}, {"start": "00:10:44", "end": "00:10:49", "text": "it's a very comprehensive report and you"}, {"start": "00:10:46", "end": "00:10:52", "text": "can have this generate all the time. You"}, {"start": "00:10:49", "end": "00:10:55", "text": "could also download a PDF if you wanted"}, {"start": "00:10:52", "end": "00:10:57", "text": "to. You could rerun and you could"}, {"start": "00:10:55", "end": "00:10:58", "text": "schedule. I don't have anything"}, {"start": "00:10:57", "end": "00:11:02", "text": "scheduled right now, but you could"}, {"start": "00:10:58", "end": "00:11:04", "text": "schedule. And this is still all free for"}, {"start": "00:11:02", "end": "00:11:09", "text": "you guys to use to better yourselves."}, {"start": "00:11:04", "end": "00:11:12", "text": "But I have this open for the first 100"}, {"start": "00:11:09", "end": "00:11:15", "text": "people just to give it a shot to kind of"}, {"start": "00:11:12", "end": "00:11:17", "text": "like see how many people see if the"}, {"start": "00:11:15", "end": "00:11:19", "text": "server could handle it first of all and"}, {"start": "00:11:17", "end": "00:11:21", "text": "see how many people use it and and you"}, {"start": "00:11:19", "end": "00:11:22", "text": "know going to basically test the system"}, {"start": "00:11:21", "end": "00:11:25", "text": "afterwards. I'll open it up but"}, {"start": "00:11:22", "end": "00:11:27", "text": "eventually you know this is all part of"}, {"start": "00:11:25", "end": "00:11:29", "text": "subscription program but I want you guys"}, {"start": "00:11:27", "end": "00:11:31", "text": "to test it, use it and realize how"}, {"start": "00:11:29", "end": "00:11:33", "text": "awesome this is. Okay, so go ahead and"}, {"start": "00:11:31", "end": "00:11:35", "text": "try. I know most of you guys will be"}, {"start": "00:11:33", "end": "00:11:37", "text": "watching the Spurs and Knicks game"}, {"start": "00:11:35", "end": "00:11:41", "text": "today, but when that game is over, give"}, {"start": "00:11:37", "end": "00:11:45", "text": "it a shot. All right, that's it, guys."}, {"start": "00:11:41", "end": "00:11:47", "text": "I'll see you guys tomorrow. Go Spurs,"}, {"start": "00:11:45", "end": "00:11:48", "text": "and I'll see you guys tomorrow, 8:30"}, {"start": "00:11:47", "end": "00:11:51", "text": "a.m. Central Standard Time. Have a good"}, {"start": "00:11:48", "end": "00:11:51", "text": "one. Bye-bye."}]

[{"start": "00:00:02", "end": "00:00:07", "text": "Welcome back."}, {"start": "00:00:04", "end": "00:00:10", "text": "Cryptos are us. I'm George."}, {"start": "00:00:07", "end": "00:00:12", "text": "We're all George. So, welcome to another"}, {"start": "00:00:10", "end": "00:00:16", "text": "market open stream. Unfortunately,"}, {"start": "00:00:12", "end": "00:00:20", "text": "Bitcoin under pressure once again."}, {"start": "00:00:16", "end": "00:00:23", "text": "What is causing it? Well, today it looks"}, {"start": "00:00:20", "end": "00:00:26", "text": "like it ain't just Bitcoin. It's all"}, {"start": "00:00:23", "end": "00:00:30", "text": "around. We got a key piece of economic"}, {"start": "00:00:26", "end": "00:00:34", "text": "data. We have other markets around the"}, {"start": "00:00:30", "end": "00:00:36", "text": "world in red. So, and we got some very"}, {"start": "00:00:34", "end": "00:00:38", "text": "hyped up"}, {"start": "00:00:36", "end": "00:00:40", "text": "for at least one very hyped up event"}, {"start": "00:00:38", "end": "00:00:44", "text": "that people are preparing for later this"}, {"start": "00:00:40", "end": "00:00:46", "text": "week. So, you got a lot of stuff"}, {"start": "00:00:44", "end": "00:00:50", "text": "happening right now. So, let's talk"}, {"start": "00:00:46", "end": "00:00:50", "text": "about all of it."}, {"start": "00:00:51", "end": "00:00:58", "text": "All right, let's do it, guys. Let's do"}, {"start": "00:00:53", "end": "00:01:01", "text": "it. Welcome, welcome, welcome. We are"}, {"start": "00:00:58", "end": "00:01:07", "text": "starting out the day. Bitcoin at 617. In"}, {"start": "00:01:01", "end": "00:01:10", "text": "fact, this is uh this is only about $675"}, {"start": "00:01:07", "end": "00:01:12", "text": "from last from yesterday. So, it ain't"}, {"start": "00:01:10", "end": "00:01:16", "text": "too bad, but we were actually a little"}, {"start": "00:01:12", "end": "00:01:19", "text": "bit lower just like"}, {"start": "00:01:16", "end": "00:01:23", "text": "30 minutes ago because we got a key"}, {"start": "00:01:19", "end": "00:01:25", "text": "piece of economic data that actually"}, {"start": "00:01:23", "end": "00:01:27", "text": "helped us in a way, right? But right"}, {"start": "00:01:25", "end": "00:01:31", "text": "now, if you're looking at heat map"}, {"start": "00:01:27", "end": "00:01:35", "text": "overall, ain't that pretty."}, {"start": "00:01:31", "end": "00:01:38", "text": "Okay. Um, but what is that piece of data"}, {"start": "00:01:35", "end": "00:01:45", "text": "I'm talking about? The US market is also"}, {"start": "00:01:38", "end": "00:01:49", "text": "opening in red. Uh it is this we got CPI"}, {"start": "00:01:45", "end": "00:01:53", "text": "released today"}, {"start": "00:01:49", "end": "00:01:56", "text": "and uh it showed inflation ticking"}, {"start": "00:01:53", "end": "00:01:59", "text": "upwards in a big way."}, {"start": "00:01:56", "end": "00:02:02", "text": "Now we're at 4.2%."}, {"start": "00:01:59", "end": "00:02:08", "text": "We jumped up. I mean basically we we're"}, {"start": "00:02:02", "end": "00:02:12", "text": "going from 2.4 4 in February to 3.3 to"}, {"start": "00:02:08", "end": "00:02:17", "text": "3.8 and now 4.2. That is a big jump. We"}, {"start": "00:02:12", "end": "00:02:20", "text": "basically doubled since February every"}, {"start": "00:02:17", "end": "00:02:24", "text": "single time, every single month. Seems"}, {"start": "00:02:20", "end": "00:02:27", "text": "like we're going up by 0.4% now, right?"}, {"start": "00:02:24", "end": "00:02:33", "text": "So, highest in three years. Obviously,"}, {"start": "00:02:27", "end": "00:02:35", "text": "no one wants inflation to go up,"}, {"start": "00:02:33", "end": "00:02:40", "text": "but it's to be expected. Oil was"}, {"start": "00:02:35", "end": "00:02:45", "text": "elevated and among many things, um,"}, {"start": "00:02:40", "end": "00:02:48", "text": "you know, this was kind of expected, but"}, {"start": "00:02:45", "end": "00:02:49", "text": "still does not mean that it's good. So"}, {"start": "00:02:48", "end": "00:02:51", "text": "actually when this came out, Bitcoin"}, {"start": "00:02:49", "end": "00:02:54", "text": "actually ticked up a little bit for some"}, {"start": "00:02:51", "end": "00:02:56", "text": "reason and I think it's due to this"}, {"start": "00:02:54", "end": "00:02:58", "text": "because people think that with high"}, {"start": "00:02:56", "end": "00:03:02", "text": "inflation obviously it's going to help"}, {"start": "00:02:58", "end": "00:03:06", "text": "our case for another cut. Right now"}, {"start": "00:03:02", "end": "00:03:09", "text": "looks like that is not happening. There"}, {"start": "00:03:06", "end": "00:03:12", "text": "is actually going to be a FOMC meeting"}, {"start": "00:03:09", "end": "00:03:19", "text": "[snorts] next week"}, {"start": "00:03:12", "end": "00:03:21", "text": "with Walsh as the new chair. not Pal."}, {"start": "00:03:19", "end": "00:03:23", "text": "So, we'll have to listen to his, you"}, {"start": "00:03:21", "end": "00:03:24", "text": "know, that one I may actually have to"}, {"start": "00:03:23", "end": "00:03:27", "text": "stream because it'll be interesting to"}, {"start": "00:03:24", "end": "00:03:31", "text": "hear what he has to say because Pal has"}, {"start": "00:03:27", "end": "00:03:33", "text": "always been more hawkish than anything."}, {"start": "00:03:31", "end": "00:03:36", "text": "Even during good times, he just makes it"}, {"start": "00:03:33", "end": "00:03:40", "text": "sound like everything's bad. So, Wars"}, {"start": "00:03:36", "end": "00:03:42", "text": "could be a different animal. Could could"}, {"start": "00:03:40", "end": "00:03:44", "text": "put a positive light to things. So,"}, {"start": "00:03:42", "end": "00:03:48", "text": "we'll see. But right now the probability"}, {"start": "00:03:44", "end": "00:03:52", "text": "of a rate cut for this month near 0% at"}, {"start": "00:03:48", "end": "00:03:56", "text": "4% right now right"}, {"start": "00:03:52", "end": "00:03:58", "text": "but this is why if we do get"}, {"start": "00:03:56", "end": "00:03:58", "text": "[sighs]"}, {"start": "00:03:58", "end": "00:04:04", "text": "I don't know we'll we'll have to see the"}, {"start": "00:04:00", "end": "00:04:06", "text": "the governors and wars they you know"}, {"start": "00:04:04", "end": "00:04:08", "text": "there's a lot of contention a lot of"}, {"start": "00:04:06", "end": "00:04:12", "text": "different views at the last FOMC meeting"}, {"start": "00:04:08", "end": "00:04:15", "text": "even outside of Worsh it was voted 8 to4"}, {"start": "00:04:12", "end": "00:04:17", "text": "for to hold rates. Some wanted to cut."}, {"start": "00:04:15", "end": "00:04:18", "text": "Uh Moran wanted to cut and someone else"}, {"start": "00:04:17", "end": "00:04:21", "text": "wanted to cut. And there was some that I"}, {"start": "00:04:18", "end": "00:04:25", "text": "was talking about maybe even hiking,"}, {"start": "00:04:21", "end": "00:04:27", "text": "right? So, it's it's it's uh it's going"}, {"start": "00:04:25", "end": "00:04:29", "text": "to be interesting. This is like the"}, {"start": "00:04:27", "end": "00:04:31", "text": "first time in history you got so many"}, {"start": "00:04:29", "end": "00:04:37", "text": "board members, board governors I should"}, {"start": "00:04:31", "end": "00:04:39", "text": "say, that disagree on how to handle"}, {"start": "00:04:37", "end": "00:04:42", "text": "rates. And with inflation going up"}, {"start": "00:04:39", "end": "00:04:44", "text": "figure it should not be"}, {"start": "00:04:42", "end": "00:04:47", "text": "it it would not be advantageous for"}, {"start": "00:04:44", "end": "00:04:49", "text": "cutting right because cutting the"}, {"start": "00:04:47", "end": "00:04:51", "text": "traditional thing is if you cut and get"}, {"start": "00:04:49", "end": "00:04:52", "text": "liquidity going people start spending"}, {"start": "00:04:51", "end": "00:04:55", "text": "money it's going to cause inflation to"}, {"start": "00:04:52", "end": "00:04:57", "text": "go up more so that's the thing it"}, {"start": "00:04:55", "end": "00:05:00", "text": "doesn't help but on the other hand we do"}, {"start": "00:04:57", "end": "00:05:03", "text": "have other data that shows jobs and"}, {"start": "00:05:00", "end": "00:05:06", "text": "economy going down people are not"}, {"start": "00:05:03", "end": "00:05:09", "text": "working as much not making as much the"}, {"start": "00:05:06", "end": "00:05:11", "text": "overall GDP he, you know, is down."}, {"start": "00:05:09", "end": "00:05:13", "text": "Everything is down. So, it's like"}, {"start": "00:05:11", "end": "00:05:17", "text": "[snorts]"}, {"start": "00:05:13", "end": "00:05:20", "text": "it's tough. They're going to be put"}, {"start": "00:05:17", "end": "00:05:23", "text": "Well, they are they're not going to be"}, {"start": "00:05:20", "end": "00:05:24", "text": "put They are put in the situation where"}, {"start": "00:05:23", "end": "00:05:27", "text": "they have to man they have to decide"}, {"start": "00:05:24", "end": "00:05:29", "text": "which one to help, right? So, we'll see."}, {"start": "00:05:27", "end": "00:05:33", "text": "It'll be interesting next week. It'll be"}, {"start": "00:05:29", "end": "00:05:34", "text": "very interesting next week."}, {"start": "00:05:33", "end": "00:05:38", "text": "What else?"}, {"start": "00:05:34", "end": "00:05:40", "text": "Well, this, you know, I'm kind of sick"}, {"start": "00:05:38", "end": "00:05:42", "text": "of talking about it, but every day"}, {"start": "00:05:40", "end": "00:05:45", "text": "[snorts]"}, {"start": "00:05:42", "end": "00:05:47", "text": "we're looking at, yeah, we're at a deal"}, {"start": "00:05:45", "end": "00:05:49", "text": "and then there's a strike. No, no, no."}, {"start": "00:05:47", "end": "00:05:50", "text": "We're close to a deal and then there's"}, {"start": "00:05:49", "end": "00:05:53", "text": "another strike. Yeah. Yeah. There's"}, {"start": "00:05:50", "end": "00:05:55", "text": "going to be a deal, another strike. It's"}, {"start": "00:05:53", "end": "00:05:59", "text": "like every day you hear about some"}, {"start": "00:05:55", "end": "00:06:00", "text": "strike, then a possible deal, then some"}, {"start": "00:05:59", "end": "00:06:03", "text": "kind of retaliation strike, then a"}, {"start": "00:06:00", "end": "00:06:06", "text": "possible deal. Um and now Trump is"}, {"start": "00:06:03", "end": "00:06:08", "text": "saying Iran will pay the price and"}, {"start": "00:06:06", "end": "00:06:10", "text": "claims that they have taken too long to"}, {"start": "00:06:08", "end": "00:06:12", "text": "agree to a deal"}, {"start": "00:06:10", "end": "00:06:16", "text": "even though yesterday I just reported"}, {"start": "00:06:12", "end": "00:06:19", "text": "he's like a deal is within days"}, {"start": "00:06:16", "end": "00:06:21", "text": "and then uh there was retaliation over"}, {"start": "00:06:19", "end": "00:06:25", "text": "uh one of our helicopters being shot"}, {"start": "00:06:21", "end": "00:06:28", "text": "down. So now I don't I don't know what"}, {"start": "00:06:25", "end": "00:06:30", "text": "this means. Is this going to escalate or"}, {"start": "00:06:28", "end": "00:06:34", "text": "again this is just reic to kind of force"}, {"start": "00:06:30", "end": "00:06:36", "text": "him to to hurry up?"}, {"start": "00:06:34", "end": "00:06:38", "text": "We definitely want this to be over. This"}, {"start": "00:06:36", "end": "00:06:40", "text": "is"}, {"start": "00:06:38", "end": "00:06:45", "text": "it's hard to correlate the direct effect"}, {"start": "00:06:40", "end": "00:06:48", "text": "on inflation with these wars, but just"}, {"start": "00:06:45", "end": "00:06:50", "text": "know that they are very expensive."}, {"start": "00:06:48", "end": "00:06:53", "text": "Okay?"}, {"start": "00:06:50", "end": "00:06:59", "text": "Billions upon billions upon billions"}, {"start": "00:06:53", "end": "00:07:01", "text": "have been spent on this war for sure."}, {"start": "00:06:59", "end": "00:07:05", "text": "And"}, {"start": "00:07:01", "end": "00:07:10", "text": "you know it it's hard it's hard to"}, {"start": "00:07:05", "end": "00:07:10", "text": "quantify through like"}, {"start": "00:07:10", "end": "00:07:17", "text": "graphs or or data. But all this"}, {"start": "00:07:16", "end": "00:07:21", "text": "all the money that we're spending our"}, {"start": "00:07:17", "end": "00:07:23", "text": "money that we don't have as a country"}, {"start": "00:07:21", "end": "00:07:27", "text": "um that's why our deficit continues to"}, {"start": "00:07:23", "end": "00:07:30", "text": "go up and the money printer continues"}, {"start": "00:07:27", "end": "00:07:31", "text": "to print."}, {"start": "00:07:30", "end": "00:07:34", "text": "Um"}, {"start": "00:07:31", "end": "00:07:36", "text": "so definitely contributing to inflation"}, {"start": "00:07:34", "end": "00:07:39", "text": "in the long run but like there's no"}, {"start": "00:07:36", "end": "00:07:41", "text": "direct graph or whatever that shows that"}, {"start": "00:07:39", "end": "00:07:44", "text": "how much we're spending on military is"}, {"start": "00:07:41", "end": "00:07:46", "text": "equating to this much in inflation is we"}, {"start": "00:07:44", "end": "00:07:49", "text": "don't have that but someone should make"}, {"start": "00:07:46", "end": "00:07:52", "text": "it but it ain't helping and it ain't"}, {"start": "00:07:49", "end": "00:07:55", "text": "helping oil prices. Oil price go up"}, {"start": "00:07:52", "end": "00:07:57", "text": "again because of this. There's just a"}, {"start": "00:07:55", "end": "00:07:59", "text": "lot of stuff going on."}, {"start": "00:07:57", "end": "00:08:03", "text": "headwinds, tailwinds, you know, just"}, {"start": "00:07:59", "end": "00:08:06", "text": "like so many things happening."}, {"start": "00:08:03", "end": "00:08:10", "text": "Uh, Asia markets also sold off in a big"}, {"start": "00:08:06", "end": "00:08:14", "text": "way. Okay, every single one. Japan,"}, {"start": "00:08:10", "end": "00:08:16", "text": "Korea, China, and then you got like Hong"}, {"start": "00:08:14", "end": "00:08:19", "text": "Kong, Taiwan, all selling off like"}, {"start": "00:08:16", "end": "00:08:21", "text": "crazy. So obviously when they sell off,"}, {"start": "00:08:19", "end": "00:08:26", "text": "it ain't helping the situation here in"}, {"start": "00:08:21", "end": "00:08:27", "text": "the US or Europe. Uh, and that's also"}, {"start": "00:08:26", "end": "00:08:29", "text": "happening."}, {"start": "00:08:27", "end": "00:08:30", "text": "right now. Are they selling off due to"}, {"start": "00:08:29", "end": "00:08:31", "text": "any particular reason? I think they're"}, {"start": "00:08:30", "end": "00:08:34", "text": "just selling off right now because they"}, {"start": "00:08:31", "end": "00:08:36", "text": "were just too frothy. They were too"}, {"start": "00:08:34", "end": "00:08:38", "text": "heated and this is just like a"}, {"start": "00:08:36", "end": "00:08:39", "text": "correction, right? But whenever you go"}, {"start": "00:08:38", "end": "00:08:42", "text": "through the corrections, sometimes they"}, {"start": "00:08:39", "end": "00:08:44", "text": "they last a long time."}, {"start": "00:08:42", "end": "00:08:46", "text": "And sometimes after a correction, they"}, {"start": "00:08:44", "end": "00:08:48", "text": "kind of just stay there and don't move"}, {"start": "00:08:46", "end": "00:08:51", "text": "anymore. But we'll see. We'll see how"}, {"start": "00:08:48", "end": "00:08:54", "text": "this goes. And if the money does truly"}, {"start": "00:08:51", "end": "00:08:56", "text": "flow out of these markets, where do they"}, {"start": "00:08:54", "end": "00:08:58", "text": "enter? Do they come back into Bitcoin"}, {"start": "00:08:56", "end": "00:09:01", "text": "and crypto? Because you know a lot of it"}, {"start": "00:08:58", "end": "00:09:04", "text": "did outflow due to some of these other"}, {"start": "00:09:01", "end": "00:09:07", "text": "shinier investments right now, right?"}, {"start": "00:09:04", "end": "00:09:08", "text": "Including Asian markets, including AI,"}, {"start": "00:09:07", "end": "00:09:14", "text": "including"}, {"start": "00:09:08", "end": "00:09:14", "text": "SpaceX, which is coming up in two days."}, {"start": "00:09:14", "end": "00:09:21", "text": "So, right now,"}, {"start": "00:09:17", "end": "00:09:22", "text": "this is still on a lot of people's radar"}, {"start": "00:09:21", "end": "00:09:25", "text": "in terms of one of the the biggest"}, {"start": "00:09:22", "end": "00:09:27", "text": "events of the year. Although Anthropic"}, {"start": "00:09:25", "end": "00:09:30", "text": "and Open AAI, they're both going to have"}, {"start": "00:09:27", "end": "00:09:31", "text": "their IPOs soon."}, {"start": "00:09:30", "end": "00:09:36", "text": "I don't know the exact date, but they're"}, {"start": "00:09:31", "end": "00:09:39", "text": "coming. So, depending on how well SpaceX"}, {"start": "00:09:36", "end": "00:09:40", "text": "does, it will definitely affect them."}, {"start": "00:09:39", "end": "00:09:43", "text": "But SpaceX is just a totally different"}, {"start": "00:09:40", "end": "00:09:45", "text": "beast. You got space exploration, which"}, {"start": "00:09:43", "end": "00:09:47", "text": "is one thing, right? But then you got"}, {"start": "00:09:45", "end": "00:09:49", "text": "the Starlink satellites, which is a"}, {"start": "00:09:47", "end": "00:09:54", "text": "bigger thing, I think, in terms of"}, {"start": "00:09:49", "end": "00:09:56", "text": "profits, at least right now. Um,"}, {"start": "00:09:54", "end": "00:10:00", "text": "and then you have the AI stuff that that"}, {"start": "00:09:56", "end": "00:10:01", "text": "was and X all shoved in there. It's not"}, {"start": "00:10:00", "end": "00:10:03", "text": "really AI company, but of course you"}, {"start": "00:10:01", "end": "00:10:05", "text": "could argue, well, we need to use AI for"}, {"start": "00:10:03", "end": "00:10:08", "text": "all these things. And it's like it's all"}, {"start": "00:10:05", "end": "00:10:12", "text": "under one umbrella. And a lot of these"}, {"start": "00:10:08", "end": "00:10:16", "text": "businesses are money losers."}, {"start": "00:10:12", "end": "00:10:18", "text": "Like XAI is definitely a money loser."}, {"start": "00:10:16", "end": "00:10:21", "text": "Uh, X is definitely a money loser. But"}, {"start": "00:10:18", "end": "00:10:22", "text": "SpaceX, I don't know. Starlink is a"}, {"start": "00:10:21", "end": "00:10:25", "text": "money winner. So, it's like all in"}, {"start": "00:10:22", "end": "00:10:27", "text": "there. So, I don't know. I don't know."}, {"start": "00:10:25", "end": "00:10:31", "text": "But it's kind of categorized"}, {"start": "00:10:27", "end": "00:10:34", "text": "as AI. Um, it will definitely affect how"}, {"start": "00:10:31", "end": "00:10:37", "text": "the IPO goes for both anthropic and open"}, {"start": "00:10:34", "end": "00:10:42", "text": "AI. But there are a lot of people that"}, {"start": "00:10:37", "end": "00:10:44", "text": "have shifted their capital from others"}, {"start": "00:10:42", "end": "00:10:45", "text": "from like maybe the Asian markets from"}, {"start": "00:10:44", "end": "00:10:48", "text": "crypto."}, {"start": "00:10:45", "end": "00:10:49", "text": "They're sitting there waiting for this."}, {"start": "00:10:48", "end": "00:10:51", "text": "And if you look at like some of the"}, {"start": "00:10:49", "end": "00:10:55", "text": "exchanges like Coinbase and Kraken and"}, {"start": "00:10:51", "end": "00:10:59", "text": "others that have started offering shares"}, {"start": "00:10:55", "end": "00:11:02", "text": "like preIPO shares, they're going"}, {"start": "00:10:59", "end": "00:11:04", "text": "through the roof. Binance also,"}, {"start": "00:11:02", "end": "00:11:06", "text": "look at this. Binance recorded 2.1"}, {"start": "00:11:04", "end": "00:11:10", "text": "billion volume from SpaceX products"}, {"start": "00:11:06", "end": "00:11:13", "text": "within the 18 days."}, {"start": "00:11:10", "end": "00:11:14", "text": "2.1 billion in volume. It's a lot a lot"}, {"start": "00:11:13", "end": "00:11:17", "text": "of demand. So, we'll have to see how"}, {"start": "00:11:14", "end": "00:11:19", "text": "this goes. I do think it's too"}, {"start": "00:11:17", "end": "00:11:22", "text": "overhyped."}, {"start": "00:11:19", "end": "00:11:24", "text": "Okay, like all these IPOs, they they are"}, {"start": "00:11:22", "end": "00:11:25", "text": "always overhyped and then they fall"}, {"start": "00:11:24", "end": "00:11:28", "text": "down. So, I don't know. I would just"}, {"start": "00:11:25", "end": "00:11:29", "text": "suggest caution. There's always a chance"}, {"start": "00:11:28", "end": "00:11:33", "text": "after IPO just continues to go up"}, {"start": "00:11:29", "end": "00:11:35", "text": "forever. Uh it's unlikely. It's probably"}, {"start": "00:11:33", "end": "00:11:39", "text": "going to debut maybe one day afterwards,"}, {"start": "00:11:35", "end": "00:11:40", "text": "like next week, Monday. It still"}, {"start": "00:11:39", "end": "00:11:42", "text": "elevates and then it's going to start"}, {"start": "00:11:40", "end": "00:11:44", "text": "coming down. It always does. the"}, {"start": "00:11:42", "end": "00:11:48", "text": "insiders who bought early, they always"}, {"start": "00:11:44", "end": "00:11:50", "text": "sell off. That's how it works."}, {"start": "00:11:48", "end": "00:11:52", "text": "So, just be careful. But that's another"}, {"start": "00:11:50", "end": "00:11:54", "text": "reason why we're seeing what we're"}, {"start": "00:11:52", "end": "00:11:56", "text": "seeing."}, {"start": "00:11:54", "end": "00:11:59", "text": "But SpaceX"}, {"start": "00:11:56", "end": "00:12:02", "text": "or XAI, whatever you want to call it,"}, {"start": "00:11:59", "end": "00:12:06", "text": "you know, uh there's just so much in"}, {"start": "00:12:02", "end": "00:12:09", "text": "there. They they did they did uh make a"}, {"start": "00:12:06", "end": "00:12:11", "text": "deal recently or SpaceX did with Google."}, {"start": "00:12:09", "end": "00:12:17", "text": "Okay, Google's gonna pay nearly a"}, {"start": "00:12:11", "end": "00:12:20", "text": "billion dollars a month to to uh to"}, {"start": "00:12:17", "end": "00:12:22", "text": "share their compute, I guess, uh because"}, {"start": "00:12:20", "end": "00:12:25", "text": "XAI has too much or there's there's not"}, {"start": "00:12:22", "end": "00:12:28", "text": "enough demand. And then, you know,"}, {"start": "00:12:25", "end": "00:12:29", "text": "yesterday or day before,"}, {"start": "00:12:28", "end": "00:12:32", "text": "uh Apple just announced they're using"}, {"start": "00:12:29", "end": "00:12:34", "text": "Siri and they're going to pay Google"}, {"start": "00:12:32", "end": "00:12:35", "text": "billion a year for Gemini. So, it's just"}, {"start": "00:12:34", "end": "00:12:38", "text": "like, you know, the money the money"}, {"start": "00:12:35", "end": "00:12:39", "text": "rotation from one company to another. Uh"}, {"start": "00:12:38", "end": "00:12:41", "text": "there just like all the same companies"}, {"start": "00:12:39", "end": "00:12:44", "text": "going around."}, {"start": "00:12:41", "end": "00:12:48", "text": "It's interesting how that works. All"}, {"start": "00:12:44", "end": "00:12:50", "text": "right. So outside of these things"}, {"start": "00:12:48", "end": "00:12:54", "text": "relating or coming back to crypto"}, {"start": "00:12:50", "end": "00:12:58", "text": "yesterday our outflow unfortunately"}, {"start": "00:12:54", "end": "00:13:02", "text": "was still or ETF or ETF still saw"}, {"start": "00:12:58", "end": "00:13:04", "text": "outflows. That's what I meant to say. Um"}, {"start": "00:13:02", "end": "00:13:07", "text": "it wasn't great. I mean was a massive"}, {"start": "00:13:04", "end": "00:13:10", "text": "amount but still outflow minus 78"}, {"start": "00:13:07", "end": "00:13:14", "text": "million basically the minus 41 million"}, {"start": "00:13:10", "end": "00:13:16", "text": "for ETH and plus 1 million for soul. So"}, {"start": "00:13:14", "end": "00:13:18", "text": "that's good. Um so overall we're still"}, {"start": "00:13:16", "end": "00:13:22", "text": "seeing a lot of outflow. If you look at"}, {"start": "00:13:18", "end": "00:13:26", "text": "the last 30 days"}, {"start": "00:13:22", "end": "00:13:29", "text": "no good. No good. Uh close to five"}, {"start": "00:13:26", "end": "00:13:34", "text": "billion in outflow. Again, a lot of it"}, {"start": "00:13:29", "end": "00:13:36", "text": "is just due to re-allocating"}, {"start": "00:13:34", "end": "00:13:38", "text": "into more shinier investments like I"}, {"start": "00:13:36", "end": "00:13:40", "text": "said, right? Either getting ready for"}, {"start": "00:13:38", "end": "00:13:45", "text": "SpaceX,"}, {"start": "00:13:40", "end": "00:13:47", "text": "uh, Asia markets, AI market, whatever"}, {"start": "00:13:45", "end": "00:13:49", "text": "you you you choose. There are a lot of"}, {"start": "00:13:47", "end": "00:13:52", "text": "things and obviously some of the"}, {"start": "00:13:49", "end": "00:13:55", "text": "headwinds, tailwinds I just talked about"}, {"start": "00:13:52", "end": "00:13:58", "text": "isn't helping, but nevertheless, still"}, {"start": "00:13:55", "end": "00:14:00", "text": "happening. uh liquidity minus one"}, {"start": "00:13:58", "end": "00:14:04", "text": "billion yesterday. Unfortunately, the"}, {"start": "00:14:00", "end": "00:14:06", "text": "day before we just got like 600 million"}, {"start": "00:14:04", "end": "00:14:09", "text": "or 700 million in and then the day"}, {"start": "00:14:06", "end": "00:14:13", "text": "afterwards we lose a billion dollars."}, {"start": "00:14:09", "end": "00:14:16", "text": "Again, capital rotation out. So, it is"}, {"start": "00:14:13", "end": "00:14:20", "text": "happening still and what is happening"}, {"start": "00:14:16", "end": "00:14:23", "text": "still is a ton of liquidations."}, {"start": "00:14:20", "end": "00:14:27", "text": "Just seems like this never stops. last"}, {"start": "00:14:23", "end": "00:14:29", "text": "24 hours, 442 million liquidated. Once"}, {"start": "00:14:27", "end": "00:14:32", "text": "again, most of it on the long side, some"}, {"start": "00:14:29", "end": "00:14:37", "text": "of it on the short side, but most of it"}, {"start": "00:14:32", "end": "00:14:42", "text": "still on the long side, there's just too"}, {"start": "00:14:37", "end": "00:14:45", "text": "much leverage out there still. Okay, so"}, {"start": "00:14:42", "end": "00:14:46", "text": "with the capital rotation coming out"}, {"start": "00:14:45", "end": "00:14:49", "text": "plus some of these head and tailwinds"}, {"start": "00:14:46", "end": "00:14:52", "text": "that's keeping us down plus a little bit"}, {"start": "00:14:49", "end": "00:14:54", "text": "of manipulation in there"}, {"start": "00:14:52", "end": "00:14:56", "text": "plus"}, {"start": "00:14:54", "end": "00:14:58", "text": "liquidations."}, {"start": "00:14:56", "end": "00:15:02", "text": "This is why we are where we are right"}, {"start": "00:14:58", "end": "00:15:05", "text": "now, right? Under pressure. Under"}, {"start": "00:15:02", "end": "00:15:05", "text": "pressure."}, {"start": "00:15:05", "end": "00:15:08", "text": "However,"}, {"start": "00:15:09", "end": "00:15:15", "text": "however, if you're still here,"}, {"start": "00:15:13", "end": "00:15:17", "text": "if you're still watching, if you're"}, {"start": "00:15:15", "end": "00:15:19", "text": "still in the space, even though you're"}, {"start": "00:15:17", "end": "00:15:21", "text": "not watching,"}, {"start": "00:15:19", "end": "00:15:24", "text": "well, then you wouldn't know I would be"}, {"start": "00:15:21", "end": "00:15:26", "text": "saying this. Uh, you survived the worst"}, {"start": "00:15:24", "end": "00:15:30", "text": "week in Bitcoin"}, {"start": "00:15:26", "end": "00:15:31", "text": "since the FTX crash."}, {"start": "00:15:30", "end": "00:15:35", "text": "See, this is what I'm saying. Every"}, {"start": "00:15:31", "end": "00:15:38", "text": "single cycle we have"}, {"start": "00:15:35", "end": "00:15:43", "text": "pressure from different sources. We have"}, {"start": "00:15:38", "end": "00:15:45", "text": "FUD caused by different things. Every"}, {"start": "00:15:43", "end": "00:15:47", "text": "single cycle, there's always something."}, {"start": "00:15:45", "end": "00:15:50", "text": "There's a new narrative or whatever,"}, {"start": "00:15:47", "end": "00:15:53", "text": "right? But the last crypto winter after"}, {"start": "00:15:50", "end": "00:15:56", "text": "2021, we started coming down. 2022,"}, {"start": "00:15:53", "end": "00:15:59", "text": "2023, we bottom."}, {"start": "00:15:56", "end": "00:16:02", "text": "We had a lot of bad things. We had FTX,"}, {"start": "00:15:59", "end": "00:16:06", "text": "we had three arrows go under, we had"}, {"start": "00:16:02", "end": "00:16:11", "text": "Celsius go under, we had, you know,"}, {"start": "00:16:06", "end": "00:16:11", "text": "Gemini earned, we had um"}, {"start": "00:16:11", "end": "00:16:17", "text": "what was the company that that Barry"}, {"start": "00:16:14", "end": "00:16:17", "text": "Schilbert"}, {"start": "00:16:17", "end": "00:16:22", "text": "headed, but it went under too. We had a"}, {"start": "00:16:20", "end": "00:16:26", "text": "major collapse and people were afraid"}, {"start": "00:16:22", "end": "00:16:28", "text": "that Binance was going to collapse. um a"}, {"start": "00:16:26", "end": "00:16:31", "text": "lot of collapses, right? And we had the"}, {"start": "00:16:28", "end": "00:16:32", "text": "SEC down our throats looking at"}, {"start": "00:16:31", "end": "00:16:34", "text": "everything, trying to shut down"}, {"start": "00:16:32", "end": "00:16:36", "text": "everything even though Gary Gunsler"}, {"start": "00:16:34", "end": "00:16:41", "text": "didn't prevent FTX or anything else"}, {"start": "00:16:36", "end": "00:16:43", "text": "either. Um so it was bad. It was bad."}, {"start": "00:16:41", "end": "00:16:45", "text": "Seemed like the entire industry was"}, {"start": "00:16:43", "end": "00:16:47", "text": "built on a house of cards and everything"}, {"start": "00:16:45", "end": "00:16:50", "text": "was going to collapse, right? And we"}, {"start": "00:16:47", "end": "00:16:55", "text": "did. We went down to 15K,"}, {"start": "00:16:50", "end": "00:16:55", "text": "but we didn't go back down to 3K."}, {"start": "00:16:55", "end": "00:17:02", "text": "We found our bottom and we clawed oursel"}, {"start": "00:17:00", "end": "00:17:06", "text": "back up. And then once we did, we made a"}, {"start": "00:17:02", "end": "00:17:10", "text": "new high, right?"}, {"start": "00:17:06", "end": "00:17:13", "text": "So, this was the worst. This last week"}, {"start": "00:17:10", "end": "00:17:15", "text": "was the worst since the FTX collapse."}, {"start": "00:17:13", "end": "00:17:17", "text": "So, if you survived, you could you could"}, {"start": "00:17:15", "end": "00:17:18", "text": "basically survive anything. And I know"}, {"start": "00:17:17", "end": "00:17:20", "text": "most of you guys have. That's why you're"}, {"start": "00:17:18", "end": "00:17:24", "text": "still here because the new retail"}, {"start": "00:17:20", "end": "00:17:27", "text": "investors pretty much all gone."}, {"start": "00:17:24", "end": "00:17:30", "text": "But this is not the time to be leaving."}, {"start": "00:17:27", "end": "00:17:35", "text": "So if you look at supply and profit and"}, {"start": "00:17:30", "end": "00:17:39", "text": "loss basically when the two touches and"}, {"start": "00:17:35", "end": "00:17:43", "text": "sometimes losses exceed profit but you"}, {"start": "00:17:39", "end": "00:17:47", "text": "could see when that happens"}, {"start": "00:17:43", "end": "00:17:51", "text": "it's pretty obvious that marks a bottom"}, {"start": "00:17:47", "end": "00:17:54", "text": "that happened in 2022."}, {"start": "00:17:51", "end": "00:17:58", "text": "that happened in COVID 2020 that"}, {"start": "00:17:54", "end": "00:18:03", "text": "happened in 2018. These are all bottoms"}, {"start": "00:17:58", "end": "00:18:05", "text": "and it's happening now, right? So, this"}, {"start": "00:18:03", "end": "00:18:07", "text": "is definitely not the time to get out."}, {"start": "00:18:05", "end": "00:18:11", "text": "We may be here for a while. Like if you"}, {"start": "00:18:07", "end": "00:18:15", "text": "look at 2022 and 2018, it it lasted for"}, {"start": "00:18:11", "end": "00:18:19", "text": "a while. Co was last shorter. [snorts]"}, {"start": "00:18:15", "end": "00:18:22", "text": "But these are definitely golden buying"}, {"start": "00:18:19", "end": "00:18:26", "text": "opportunities. times when you want to"}, {"start": "00:18:22", "end": "00:18:26", "text": "load up."}, {"start": "00:18:26", "end": "00:18:31", "text": "It's pretty obvious. Pretty obvious. The"}, {"start": "00:18:28", "end": "00:18:35", "text": "last three times this has happened,"}, {"start": "00:18:31", "end": "00:18:38", "text": "they were bottoms. 3,000 in 2018, 3,800"}, {"start": "00:18:35", "end": "00:18:41", "text": "in 2020,"}, {"start": "00:18:38", "end": "00:18:48", "text": "15,000 back in 2022,"}, {"start": "00:18:41", "end": "00:18:48", "text": "and now 60,000 in 2026."}, {"start": "00:18:50", "end": "00:18:54", "text": "So"}, {"start": "00:18:52", "end": "00:18:57", "text": "don't be dumping your Bitcoin at this"}, {"start": "00:18:54", "end": "00:19:00", "text": "point. That would not be optimal. And"}, {"start": "00:18:57", "end": "00:19:03", "text": "according to this, yeah, we are in that"}, {"start": "00:19:00", "end": "00:19:06", "text": "optimal entry window right now. We have"}, {"start": "00:19:03", "end": "00:19:08", "text": "started. Sometimes it still goes down a"}, {"start": "00:19:06", "end": "00:19:11", "text": "little bit in that window. Okay, there's"}, {"start": "00:19:08", "end": "00:19:14", "text": "no doubt about it. But then we pick"}, {"start": "00:19:11", "end": "00:19:16", "text": "ourselves back up and we recover and we"}, {"start": "00:19:14", "end": "00:19:19", "text": "make a new high. That's just how it's"}, {"start": "00:19:16", "end": "00:19:22", "text": "been. And I believe that is how it's"}, {"start": "00:19:19", "end": "00:19:24", "text": "going to be."}, {"start": "00:19:22", "end": "00:19:26", "text": "And those who understand like the"}, {"start": "00:19:24", "end": "00:19:29", "text": "whales,"}, {"start": "00:19:26", "end": "00:19:31", "text": "they've been buying around 6061K."}, {"start": "00:19:29", "end": "00:19:33", "text": "They've been buying. This may be the"}, {"start": "00:19:31", "end": "00:19:37", "text": "reason why we've been holding so strong"}, {"start": "00:19:33", "end": "00:19:38", "text": "right around 60K 61K. A lot of people"}, {"start": "00:19:37", "end": "00:19:42", "text": "predict that we're going to go in the"}, {"start": "00:19:38", "end": "00:19:47", "text": "low 50s, like 53K or even go below that."}, {"start": "00:19:42", "end": "00:19:47", "text": "Some people are saying like 40s and 30s."}, {"start": "00:19:47", "end": "00:19:53", "text": "There's always a chance. Is it likely?"}, {"start": "00:19:51", "end": "00:19:55", "text": "Probably not."}, {"start": "00:19:53", "end": "00:19:58", "text": "And that's why a lot of whales are"}, {"start": "00:19:55", "end": "00:20:02", "text": "loading up right around 60K because they"}, {"start": "00:19:58", "end": "00:20:02", "text": "also don't think it's likely."}, {"start": "00:20:03", "end": "00:20:11", "text": "And this guy right here,"}, {"start": "00:20:06", "end": "00:20:14", "text": "this guy right here along with Sailor,"}, {"start": "00:20:11", "end": "00:20:16", "text": "you know, they continue to lead the way."}, {"start": "00:20:14", "end": "00:20:18", "text": "Uh, according to look on chain, Tomley"}, {"start": "00:20:16", "end": "00:20:21", "text": "bought another 75,000 ETH. Although it's"}, {"start": "00:20:18", "end": "00:20:22", "text": "weird because"}, {"start": "00:20:21", "end": "00:20:24", "text": "I I don't know if that's true because"}, {"start": "00:20:22", "end": "00:20:27", "text": "just yesterday, I was looking at a"}, {"start": "00:20:24", "end": "00:20:31", "text": "tracker. [snorts]"}, {"start": "00:20:27", "end": "00:20:35", "text": "Uh, Bitmine bought 127,000"}, {"start": "00:20:31", "end": "00:20:37", "text": "ETH yesterday. Maybe that's delayed, but"}, {"start": "00:20:35", "end": "00:20:40", "text": "he just bought some this week. So, it's"}, {"start": "00:20:37", "end": "00:20:42", "text": "unlikely that he bought more this week."}, {"start": "00:20:40", "end": "00:20:45", "text": "But if you look at Bitmine, you know,"}, {"start": "00:20:42", "end": "00:20:47", "text": "this is this is what it's looking like."}, {"start": "00:20:45", "end": "00:20:50", "text": "Pretty consistent"}, {"start": "00:20:47", "end": "00:20:52", "text": "across the board. Unfortunately though,"}, {"start": "00:20:50", "end": "00:20:56", "text": "uh he's still sitting at a net loss of"}, {"start": "00:20:52", "end": "00:21:00", "text": "10.42 billion. Imagine sitting at a loss"}, {"start": "00:20:56", "end": "00:21:04", "text": "of 10.42 billion. And Sailor"}, {"start": "00:21:00", "end": "00:21:06", "text": "net loss of 11.3 billion, right? But"}, {"start": "00:21:04", "end": "00:21:11", "text": "Sailor"}, {"start": "00:21:06", "end": "00:21:14", "text": "did buy some Bitcoin this week."}, {"start": "00:21:11", "end": "00:21:19", "text": "But this 32 cell [snorts]"}, {"start": "00:21:14", "end": "00:21:19", "text": "still on everyone's mind right now."}, {"start": "00:21:19", "end": "00:21:25", "text": "But these guys, you know,"}, {"start": "00:21:23", "end": "00:21:29", "text": "they're going to continue and they're"}, {"start": "00:21:25", "end": "00:21:31", "text": "going to move forward. You know,"}, {"start": "00:21:29", "end": "00:21:33", "text": "they kind of have to at this point,"}, {"start": "00:21:31", "end": "00:21:36", "text": "right? They're both they're not just"}, {"start": "00:21:33", "end": "00:21:37", "text": "regular people. They have companies. If"}, {"start": "00:21:36", "end": "00:21:40", "text": "they start going the opposite direction,"}, {"start": "00:21:37", "end": "00:21:40", "text": "they will be"}, {"start": "00:21:41", "end": "00:21:47", "text": "There'll be uh"}, {"start": "00:21:43", "end": "00:21:50", "text": "there'll be devastation."}, {"start": "00:21:47", "end": "00:21:52", "text": "But I do enjoy Tom Lee. I do enjoy his"}, {"start": "00:21:50", "end": "00:21:54", "text": "thoughts. I showed a couple of his"}, {"start": "00:21:52", "end": "00:21:57", "text": "videos over this course course of this"}, {"start": "00:21:54", "end": "00:22:01", "text": "week uh on uh his enthusiasm and also"}, {"start": "00:21:57", "end": "00:22:03", "text": "how he thinks that crypto AI are"}, {"start": "00:22:01", "end": "00:22:05", "text": "complimentary and their synergies and"}, {"start": "00:22:03", "end": "00:22:08", "text": "there definitely are. It's just people"}, {"start": "00:22:05", "end": "00:22:12", "text": "don't realize that there are a lot of"}, {"start": "00:22:08", "end": "00:22:14", "text": "use cases for crypto, for ledgers, for"}, {"start": "00:22:12", "end": "00:22:16", "text": "digital systems, digital currency,"}, {"start": "00:22:14", "end": "00:22:19", "text": "digital ID, digital everything"}, {"start": "00:22:16", "end": "00:22:20", "text": "um as it relates to AI, but people"}, {"start": "00:22:19", "end": "00:22:25", "text": "haven't equated to that yet. And we"}, {"start": "00:22:20", "end": "00:22:29", "text": "haven't had a big AI company"}, {"start": "00:22:25", "end": "00:22:31", "text": "say that. But once one of these"}, {"start": "00:22:29", "end": "00:22:36", "text": "companies"}, {"start": "00:22:31", "end": "00:22:38", "text": "start dabbing and exploring crypto and"}, {"start": "00:22:36", "end": "00:22:41", "text": "people start paying attention, it's"}, {"start": "00:22:38", "end": "00:22:43", "text": "going to be huge."}, {"start": "00:22:41", "end": "00:22:46", "text": "Huge."}, {"start": "00:22:43", "end": "00:22:50", "text": "Uh lastly, Senator Lumis says the"}, {"start": "00:22:46", "end": "00:22:52", "text": "Clarity Act is very very close at the"}, {"start": "00:22:50", "end": "00:22:55", "text": "finish line."}, {"start": "00:22:52", "end": "00:22:57", "text": "This will also be very good."}, {"start": "00:22:55", "end": "00:23:01", "text": "Very good indeed."}, {"start": "00:22:57", "end": "00:23:04", "text": "This will set a tone for crypto, for"}, {"start": "00:23:01", "end": "00:23:07", "text": "stables, for everything, financial"}, {"start": "00:23:04", "end": "00:23:07", "text": "products."}, {"start": "00:23:08", "end": "00:23:17", "text": "So this will be huge. So again, a lot of"}, {"start": "00:23:13", "end": "00:23:19", "text": "good things. Fundamentally, things are"}, {"start": "00:23:17", "end": "00:23:21", "text": "great"}, {"start": "00:23:19", "end": "00:23:23", "text": "except the price. I know that. And"}, {"start": "00:23:21", "end": "00:23:25", "text": "that's because we got a lot of a lot of"}, {"start": "00:23:23", "end": "00:23:27", "text": "things going on right now. A lot of"}, {"start": "00:23:25", "end": "00:23:30", "text": "things going on. All right. The US"}, {"start": "00:23:27", "end": "00:23:33", "text": "market is recovering slightly, which is"}, {"start": "00:23:30", "end": "00:23:35", "text": "good. Dow was minus like 300 something."}, {"start": "00:23:33", "end": "00:23:38", "text": "Now it's minus 170. NASDAQ is without"}, {"start": "00:23:35", "end": "00:23:41", "text": "104."}, {"start": "00:23:38", "end": "00:23:42", "text": "Uh we have climbed back to 622. So,"}, {"start": "00:23:41", "end": "00:23:48", "text": "we're nearly identical to the same point"}, {"start": "00:23:42", "end": "00:23:48", "text": "as yesterday. So, that's great."}, {"start": "00:23:48", "end": "00:23:54", "text": "All right,"}, {"start": "00:23:50", "end": "00:23:54", "text": "let's do some Q&A."}, {"start": "00:24:26", "end": "00:24:31", "text": "That's a good looking pop right there."}, {"start": "00:24:38", "end": "00:24:45", "text": "George, are you prepared to crab crawl"}, {"start": "00:24:40", "end": "00:24:48", "text": "until April 2027? Certainly not. But if"}, {"start": "00:24:45", "end": "00:24:50", "text": "it happens, it happens, right? I've been"}, {"start": "00:24:48", "end": "00:24:52", "text": "in here I've been in this space for so"}, {"start": "00:24:50", "end": "00:24:55", "text": "long."}, {"start": "00:24:52", "end": "00:24:58", "text": "It's like it's almost been 10 years"}, {"start": "00:24:55", "end": "00:25:02", "text": "since I started my channel. It's nine"}, {"start": "00:24:58", "end": "00:25:06", "text": "years. This um in September is I started"}, {"start": "00:25:02", "end": "00:25:09", "text": "my channel like September 2017. So"}, {"start": "00:25:06", "end": "00:25:12", "text": "almost nine years. Next year will be 10"}, {"start": "00:25:09", "end": "00:25:14", "text": "years. A decade doing this. This is"}, {"start": "00:25:12", "end": "00:25:16", "text": "crazy."}, {"start": "00:25:14", "end": "00:25:17", "text": "kind of crazy. Think about it. Like I"}, {"start": "00:25:16", "end": "00:25:20", "text": "always think I've only been streaming"}, {"start": "00:25:17", "end": "00:25:24", "text": "for a few years, but man, it's almost 10"}, {"start": "00:25:20", "end": "00:25:27", "text": "years. Uh but my point is I've seen a"}, {"start": "00:25:24", "end": "00:25:29", "text": "lot of cycles. I've lived through it"}, {"start": "00:25:27", "end": "00:25:31", "text": "all. If we have to wait, we have to"}, {"start": "00:25:29", "end": "00:25:35", "text": "wait. But this time around, I'm a little"}, {"start": "00:25:31", "end": "00:25:37", "text": "smarter. Okay? Uh I have more money so I"}, {"start": "00:25:35", "end": "00:25:41", "text": "can survive."}, {"start": "00:25:37", "end": "00:25:45", "text": "and you know"}, {"start": "00:25:41", "end": "00:25:48", "text": "um start dabbing right I told you guys I"}, {"start": "00:25:45", "end": "00:25:50", "text": "want to take advantage of the AI boom I"}, {"start": "00:25:48", "end": "00:25:53", "text": "don't want to miss out"}, {"start": "00:25:50", "end": "00:25:56", "text": "I understand the macro conditions better"}, {"start": "00:25:53", "end": "00:25:57", "text": "now I understand how money works I'm"}, {"start": "00:25:56", "end": "00:26:00", "text": "understand"}, {"start": "00:25:57", "end": "00:26:04", "text": "a little bit more about capital rotation"}, {"start": "00:26:00", "end": "00:26:08", "text": "right so even we have to crawl crab"}, {"start": "00:26:04", "end": "00:26:11", "text": "crawl for next here."}, {"start": "00:26:08", "end": "00:26:13", "text": "I'll be here, but also I'll be trying to"}, {"start": "00:26:11", "end": "00:26:16", "text": "make money elsewhere and utilizing that"}, {"start": "00:26:13", "end": "00:26:20", "text": "money to continue DCA. That's not going"}, {"start": "00:26:16", "end": "00:26:22", "text": "to change. So, crypto will always be my"}, {"start": "00:26:20", "end": "00:26:24", "text": "number one thing. But right now, like"}, {"start": "00:26:22", "end": "00:26:26", "text": "I've been saying, wouldn't be a bad idea"}, {"start": "00:26:24", "end": "00:26:28", "text": "to try to make some money with the AI"}, {"start": "00:26:26", "end": "00:26:31", "text": "boom because I don't think AI is going"}, {"start": "00:26:28", "end": "00:26:34", "text": "to go away. And AI is quite frankly"}, {"start": "00:26:31", "end": "00:26:37", "text": "amazing. Things may be too overvalued"}, {"start": "00:26:34", "end": "00:26:39", "text": "for sure frostly, but I don't think"}, {"start": "00:26:37", "end": "00:26:41", "text": "that's gonna stop anytime soon, right?"}, {"start": "00:26:39", "end": "00:26:42", "text": "We may have major corrections. What's"}, {"start": "00:26:41", "end": "00:26:44", "text": "happening in Asia right now is"}, {"start": "00:26:42", "end": "00:26:47", "text": "definitely a correction. We haven't seen"}, {"start": "00:26:44", "end": "00:26:49", "text": "it that much yet in US. We had a"}, {"start": "00:26:47", "end": "00:26:52", "text": "correction yesterday. We had a"}, {"start": "00:26:49", "end": "00:26:55", "text": "correction last Friday. Uh but not major"}, {"start": "00:26:52", "end": "00:26:58", "text": "huge ones that are week, you know, week"}, {"start": "00:26:55", "end": "00:27:00", "text": "longs. [snorts] So,"}, {"start": "00:26:58", "end": "00:27:03", "text": "I think there's money to be made there."}, {"start": "00:27:00", "end": "00:27:05", "text": "And then of course you can utilize that"}, {"start": "00:27:03", "end": "00:27:08", "text": "to"}, {"start": "00:27:05", "end": "00:27:08", "text": "buy more Bitcoin,"}, {"start": "00:27:15", "end": "00:27:22", "text": "Rafa. I appreciate that. I've been"}, {"start": "00:27:18", "end": "00:27:25", "text": "following since then 2017. Man,"}, {"start": "00:27:22", "end": "00:27:28", "text": "I had no idea what I was doing,"}, {"start": "00:27:25", "end": "00:27:30", "text": "but I figured it out. Sometimes you just"}, {"start": "00:27:28", "end": "00:27:31", "text": "got to do what you're uncomfortable"}, {"start": "00:27:30", "end": "00:27:34", "text": "with. You got to push outside your"}, {"start": "00:27:31", "end": "00:27:34", "text": "boundaries."}, {"start": "00:27:35", "end": "00:27:41", "text": "Do I see Clash reaching 25 cents on the"}, {"start": "00:27:38", "end": "00:27:44", "text": "money returns? No, I see it going"}, {"start": "00:27:41", "end": "00:27:47", "text": "a lot higher."}, {"start": "00:27:44", "end": "00:27:49", "text": "Well, 25 cents would be like 2.5 billion"}, {"start": "00:27:47", "end": "00:27:51", "text": "or something. Uh my goal is to get it to"}, {"start": "00:27:49", "end": "00:27:55", "text": "a billion. And once we get a billion,"}, {"start": "00:27:51", "end": "00:27:57", "text": "then then the rest takes care of itself."}, {"start": "00:27:55", "end": "00:27:59", "text": "If we're in a bull market, it'll just"}, {"start": "00:27:57", "end": "00:28:02", "text": "keep going. There's no reason why it"}, {"start": "00:27:59", "end": "00:28:07", "text": "can't be Clash can't be like Doge or"}, {"start": "00:28:02", "end": "00:28:09", "text": "Sheeb and reach tens of billions."}, {"start": "00:28:07", "end": "00:28:12", "text": "The way I'm building right now and the"}, {"start": "00:28:09", "end": "00:28:15", "text": "way I'm pushing,"}, {"start": "00:28:12", "end": "00:28:17", "text": "nothing nothing is going to stop it."}, {"start": "00:28:15", "end": "00:28:20", "text": "So,"}, {"start": "00:28:17", "end": "00:28:24", "text": "I've been saying that Clash is in good"}, {"start": "00:28:20", "end": "00:28:26", "text": "hands. I'm not an anonymous dev. I'm not"}, {"start": "00:28:24", "end": "00:28:29", "text": "just sitting idle doing nothing, just"}, {"start": "00:28:26", "end": "00:28:31", "text": "doing cheerleading. No, I'm always"}, {"start": "00:28:29", "end": "00:28:35", "text": "thinking about what to build next,"}, {"start": "00:28:31", "end": "00:28:38", "text": "what's going to help. Um,"}, {"start": "00:28:35", "end": "00:28:41", "text": "I already have arguably $2 billion plus"}, {"start": "00:28:38", "end": "00:28:43", "text": "projects that are part of Clash. Uh, ask"}, {"start": "00:28:41", "end": "00:28:46", "text": "Clash is"}, {"start": "00:28:43", "end": "00:28:49", "text": "what's used most right now. I haven't"}, {"start": "00:28:46", "end": "00:28:51", "text": "charged at all. Mostly just it's free"}, {"start": "00:28:49", "end": "00:28:54", "text": "and you know, you just sign in with the"}, {"start": "00:28:51", "end": "00:28:56", "text": "email or Google. That's it."}, {"start": "00:28:54", "end": "00:28:59", "text": "Uh going to introduce agents soon."}, {"start": "00:28:56", "end": "00:29:00", "text": "That's going to be a a game changer. I I"}, {"start": "00:28:59", "end": "00:29:04", "text": "might even be able to release that"}, {"start": "00:29:00", "end": "00:29:05", "text": "today. Agents is going to be a huge game"}, {"start": "00:29:04", "end": "00:29:08", "text": "changer for those of you guys that are"}, {"start": "00:29:05", "end": "00:29:11", "text": "into finance, investing, obviously"}, {"start": "00:29:08", "end": "00:29:13", "text": "crypto, stocks, whatever."}, {"start": "00:29:11", "end": "00:29:15", "text": "Um"}, {"start": "00:29:13", "end": "00:29:17", "text": "you go have like a full-time agent to"}, {"start": "00:29:15", "end": "00:29:20", "text": "like just research and work for you."}, {"start": "00:29:17", "end": "00:29:23", "text": "It's it's going to be amazing."}, {"start": "00:29:20", "end": "00:29:26", "text": "But all this you know"}, {"start": "00:29:23", "end": "00:29:28", "text": "going to start attracting revenue soon"}, {"start": "00:29:26", "end": "00:29:31", "text": "and with that revenue part of it is"}, {"start": "00:29:28", "end": "00:29:35", "text": "going to go into clash"}, {"start": "00:29:31", "end": "00:29:38", "text": "but I'm thinking about raising also"}, {"start": "00:29:35", "end": "00:29:41", "text": "and then uh getting attention of some"}, {"start": "00:29:38", "end": "00:29:45", "text": "big players right so this is all going"}, {"start": "00:29:41", "end": "00:29:45", "text": "to help"}, {"start": "00:29:46", "end": "00:29:50", "text": "and then we still have clash picks which"}, {"start": "00:29:48", "end": "00:29:52", "text": "by itself is a billion dollar project"}, {"start": "00:29:50", "end": "00:29:54", "text": "too. But both of these are under clash"}, {"start": "00:29:52", "end": "00:29:56", "text": "which is crazy. But right now"}, {"start": "00:29:54", "end": "00:29:58", "text": "unfortunately you know with the market"}, {"start": "00:29:56", "end": "00:30:01", "text": "down"}, {"start": "00:29:58", "end": "00:30:04", "text": "growth is stalled because of it. Um but"}, {"start": "00:30:01", "end": "00:30:06", "text": "when the market gets hot again really"}, {"start": "00:30:04", "end": "00:30:08", "text": "really hot it's like things will take"}, {"start": "00:30:06", "end": "00:30:13", "text": "care of themselves. That's why you just"}, {"start": "00:30:08", "end": "00:30:15", "text": "got to build during the down times. Keep"}, {"start": "00:30:13", "end": "00:30:18", "text": "people"}, {"start": "00:30:15", "end": "00:30:19", "text": "engaged."}, {"start": "00:30:18", "end": "00:30:23", "text": "Right. There's too many projects that"}, {"start": "00:30:19", "end": "00:30:23", "text": "have just completely disappeared."}, {"start": "00:31:05", "end": "00:31:12", "text": "NASDAQ is recovering."}, {"start": "00:31:08", "end": "00:31:12", "text": "So that's good."}, {"start": "00:31:16", "end": "00:31:20", "text": "Right now looking at my watch list, most"}, {"start": "00:31:18", "end": "00:31:22", "text": "things are still in red with the"}, {"start": "00:31:20", "end": "00:31:26", "text": "exception of Google. Google is green."}, {"start": "00:31:22", "end": "00:31:26", "text": "It's about it right now."}, {"start": "00:31:54", "end": "00:32:00", "text": "Well, on a 15 minute scale, Bitcoin is"}, {"start": "00:31:57", "end": "00:32:02", "text": "actually bullish."}, {"start": "00:32:00", "end": "00:32:04", "text": "Pretty good."}, {"start": "00:32:02", "end": "00:32:07", "text": "If we could keep going, if we could"}, {"start": "00:32:04", "end": "00:32:09", "text": "break above 624,"}, {"start": "00:32:07", "end": "00:32:12", "text": "that's when it triggers more to the"}, {"start": "00:32:09", "end": "00:32:12", "text": "upside."}, {"start": "00:32:12", "end": "00:32:18", "text": "So, on a shorter time frame, things are"}, {"start": "00:32:14", "end": "00:32:18", "text": "actually looking okay."}, {"start": "00:32:21", "end": "00:32:28", "text": "We're pressed right against the 200 MA"}, {"start": "00:32:24", "end": "00:32:30", "text": "on a shorter time frame."}, {"start": "00:32:28", "end": "00:32:33", "text": ">> [snorts]"}, {"start": "00:32:30", "end": "00:32:33", "text": ">> We saw a volume spike."}, {"start": "00:32:34", "end": "00:32:39", "text": "Yeah, on a short time frame we're"}, {"start": "00:32:35", "end": "00:32:39", "text": "looking good, but"}, {"start": "00:32:40", "end": "00:32:43", "text": "we'll see."}, {"start": "00:32:54", "end": "00:33:00", "text": "So, for those of you guys that care,"}, {"start": "00:32:57", "end": "00:33:02", "text": "uh, Anthropic released Fable 5"}, {"start": "00:33:00", "end": "00:33:06", "text": "yesterday, and I've been messing with"}, {"start": "00:33:02", "end": "00:33:11", "text": "it. Um, I utilize all the AIS, like all"}, {"start": "00:33:06", "end": "00:33:14", "text": "these models, uh, when upgrading Ask"}, {"start": "00:33:11", "end": "00:33:16", "text": "Clash and and, uh, my assistant AI"}, {"start": "00:33:14", "end": "00:33:18", "text": "agent."}, {"start": "00:33:16", "end": "00:33:21", "text": "Uh, I've been testing it and Fable is"}, {"start": "00:33:18", "end": "00:33:24", "text": "the real deal. It is the best, but it's"}, {"start": "00:33:21", "end": "00:33:26", "text": "expensive."}, {"start": "00:33:24", "end": "00:33:29", "text": "It's uh, it's a little bit slow, but it"}, {"start": "00:33:26", "end": "00:33:31", "text": "does a good job."}, {"start": "00:33:29", "end": "00:33:32", "text": "So, I have this AI leaderboard. I know"}, {"start": "00:33:31", "end": "00:33:34", "text": "most people don't use it, but I I just"}, {"start": "00:33:32", "end": "00:33:35", "text": "find it fascinating. So, I put all the"}, {"start": "00:33:34", "end": "00:33:40", "text": "benchmarks and rate it and put my own"}, {"start": "00:33:35", "end": "00:33:42", "text": "score. Um, and Opus 4.8, they made it"}, {"start": "00:33:40", "end": "00:33:44", "text": "faster. Like, for an entire two weeks,"}, {"start": "00:33:42", "end": "00:33:47", "text": "three weeks, it was super slow and they"}, {"start": "00:33:44", "end": "00:33:50", "text": "made it faster. So actually Opus 4.8 is"}, {"start": "00:33:47", "end": "00:33:52", "text": "very good too and you still have GPT in"}, {"start": "00:33:50", "end": "00:33:55", "text": "there. [snorts]"}, {"start": "00:33:52", "end": "00:33:57", "text": "But yeah, in case people are wondering,"}, {"start": "00:33:55", "end": "00:34:00", "text": "Fable is really good. I think it's over"}, {"start": "00:33:57", "end": "00:34:03", "text": "like exaggerated. People are saying like"}, {"start": "00:34:00", "end": "00:34:05", "text": "it's it's like so good that you could"}, {"start": "00:34:03", "end": "00:34:07", "text": "build anything with it. No, it still"}, {"start": "00:34:05", "end": "00:34:11", "text": "makes mistakes. It still takes time."}, {"start": "00:34:07", "end": "00:34:13", "text": "It's not perfect. Um but it is it is"}, {"start": "00:34:11", "end": "00:34:16", "text": "definitely a step up for sure. And these"}, {"start": "00:34:13", "end": "00:34:19", "text": "AI models keep getting better and better"}, {"start": "00:34:16", "end": "00:34:22", "text": "and better and better. Opus 4.8 just"}, {"start": "00:34:19", "end": "00:34:24", "text": "came out like two, three weeks ago and"}, {"start": "00:34:22", "end": "00:34:27", "text": "now they released Fable which is even"}, {"start": "00:34:24", "end": "00:34:29", "text": "better. So now the next step is GBT"}, {"start": "00:34:27", "end": "00:34:31", "text": "whether they're going to do 5.6. It's"}, {"start": "00:34:29", "end": "00:34:33", "text": "rumored it's going to come out tomorrow."}, {"start": "00:34:31", "end": "00:34:35", "text": "They're going to come out 5.6 tomorrow"}, {"start": "00:34:33", "end": "00:34:36", "text": "or maybe because of Fable they're like"}, {"start": "00:34:35", "end": "00:34:38", "text": "screw it. We're just going to come out"}, {"start": "00:34:36", "end": "00:34:40", "text": "with GBT6."}, {"start": "00:34:38", "end": "00:34:42", "text": "They have to do something ahead of their"}, {"start": "00:34:40", "end": "00:34:44", "text": "IPO. So"}, {"start": "00:34:42", "end": "00:34:46", "text": "that's why Anthropic is doing it."}, {"start": "00:34:44", "end": "00:34:48", "text": "They're just they keep focusing on the"}, {"start": "00:34:46", "end": "00:34:50", "text": "bigger models, but they're not even they"}, {"start": "00:34:48", "end": "00:34:53", "text": "don't even care about their smaller"}, {"start": "00:34:50", "end": "00:34:55", "text": "models anymore. Like Haiku and Sonnet,"}, {"start": "00:34:53", "end": "00:34:59", "text": "they haven't updated for a long time."}, {"start": "00:34:55", "end": "00:34:59", "text": "They're just pushing the frontier model."}, {"start": "00:35:04", "end": "00:35:08", "text": "But one of the things I do want to do"}, {"start": "00:35:06", "end": "00:35:11", "text": "with agents, these are the four things"}, {"start": "00:35:08", "end": "00:35:13", "text": "that's going to happen with agents."}, {"start": "00:35:11", "end": "00:35:16", "text": "Um,"}, {"start": "00:35:13", "end": "00:35:19", "text": "so for now these are just going to be"}, {"start": "00:35:16", "end": "00:35:25", "text": "for research and portfolio. So momentum"}, {"start": "00:35:19", "end": "00:35:25", "text": "radar is pretty cool. Um,"}, {"start": "00:35:25", "end": "00:35:31", "text": "basically you can look for sector"}, {"start": "00:35:28", "end": "00:35:33", "text": "rotations, squeezes,"}, {"start": "00:35:31", "end": "00:35:36", "text": "pulses,"}, {"start": "00:35:33", "end": "00:35:39", "text": "uh, ETF reversals, you know, it will"}, {"start": "00:35:36", "end": "00:35:40", "text": "give you that kind of warning."}, {"start": "00:35:39", "end": "00:35:43", "text": ">> [snorts]"}, {"start": "00:35:40", "end": "00:35:45", "text": ">> Uh but research report anything in terms"}, {"start": "00:35:43", "end": "00:35:49", "text": "of a crypto"}, {"start": "00:35:45", "end": "00:35:51", "text": "stock company. Um it could do research"}, {"start": "00:35:49", "end": "00:35:55", "text": "and not just one time. You could set it"}, {"start": "00:35:51", "end": "00:35:58", "text": "like for on a on a schedule and it'll"}, {"start": "00:35:55", "end": "00:36:01", "text": "just do it. And then all these other"}, {"start": "00:35:58", "end": "00:36:03", "text": "ones like portfolio. If you use our"}, {"start": "00:36:01", "end": "00:36:05", "text": "portfolio manager or watch list, you can"}, {"start": "00:36:03", "end": "00:36:07", "text": "optimize your existing build from"}, {"start": "00:36:05", "end": "00:36:10", "text": "scratch. It'll help you build one. These"}, {"start": "00:36:07", "end": "00:36:13", "text": "are cool things with agents. So, for"}, {"start": "00:36:10", "end": "00:36:15", "text": "those of you guys that are investing,"}, {"start": "00:36:13", "end": "00:36:19", "text": "these will be coming. Um, but what I"}, {"start": "00:36:15", "end": "00:36:22", "text": "really want is after this to build or"}, {"start": "00:36:19", "end": "00:36:24", "text": "offer an agent like a coding agent so"}, {"start": "00:36:22", "end": "00:36:27", "text": "that you guys could actually build"}, {"start": "00:36:24", "end": "00:36:30", "text": "things with it. If you want, you could"}, {"start": "00:36:27", "end": "00:36:34", "text": "build your own sites, anything with any"}, {"start": "00:36:30", "end": "00:36:36", "text": "any with with imagination, with"}, {"start": "00:36:34", "end": "00:36:38", "text": "creativity, you could build anything."}, {"start": "00:36:36", "end": "00:36:41", "text": "Um, so that's what I want to build next"}, {"start": "00:36:38", "end": "00:36:43", "text": "into this"}, {"start": "00:36:41", "end": "00:36:45", "text": "and then"}, {"start": "00:36:43", "end": "00:36:48", "text": "and then you we'll host it for you too."}, {"start": "00:36:45", "end": "00:36:52", "text": "So that's the big thing too."}, {"start": "00:36:48", "end": "00:36:52", "text": "So I'm working on that next."}, {"start": "00:36:52", "end": "00:36:58", "text": "Lot of cool stuff. A lot of cool stuff."}, {"start": "00:37:30", "end": "00:37:36", "text": "Yeah, we're still holding pretty well."}, {"start": "00:37:34", "end": "00:37:40", "text": "Decent day"}, {"start": "00:37:36", "end": "00:37:40", "text": "so far."}, {"start": "00:37:41", "end": "00:37:46", "text": "Uh, Grock, you don't use Grock to code."}, {"start": "00:37:43", "end": "00:37:50", "text": "I'll say that. Gro is good to just give"}, {"start": "00:37:46", "end": "00:37:52", "text": "you like real quick facts on"}, {"start": "00:37:50", "end": "00:37:56", "text": "on X. It's the only one that can read X"}, {"start": "00:37:52", "end": "00:37:59", "text": "tweets. None of the others can. So"}, {"start": "00:37:56", "end": "00:38:01", "text": "that's kind of its superpower and you"}, {"start": "00:37:59", "end": "00:38:05", "text": "could do a lot of research with X for or"}, {"start": "00:38:01", "end": "00:38:08", "text": "research on X with Grock. But as a"}, {"start": "00:38:05", "end": "00:38:10", "text": "agent, as a coding agent is the worst by"}, {"start": "00:38:08", "end": "00:38:12", "text": "far. It's not even funny."}, {"start": "00:38:10", "end": "00:38:15", "text": "So that's probably the reason why"}, {"start": "00:38:12", "end": "00:38:18", "text": "they're lending out so much compute to"}, {"start": "00:38:15", "end": "00:38:21", "text": "to Google Anthropic because they just"}, {"start": "00:38:18", "end": "00:38:21", "text": "don't need them."}, {"start": "00:38:23", "end": "00:38:29", "text": "Is Vchain dead?"}, {"start": "00:38:27", "end": "00:38:32", "text": "Things don't ever die. Will it get back"}, {"start": "00:38:29", "end": "00:38:35", "text": "to its previous high?"}, {"start": "00:38:32", "end": "00:38:38", "text": "That's questionable. 2021 high, wherever"}, {"start": "00:38:35", "end": "00:38:43", "text": "that may be. Can it get back up there?"}, {"start": "00:38:38", "end": "00:38:43", "text": "Uh, that may be questionable."}, {"start": "00:38:43", "end": "00:38:48", "text": "I've been load chain on here."}, {"start": "00:38:49", "end": "00:38:52", "text": "Let's look at it."}, {"start": "00:39:06", "end": "00:39:12", "text": "Yeah. Uh, well, this is just one year."}, {"start": "00:39:08", "end": "00:39:12", "text": "This is not even going back to 2021."}, {"start": "00:39:12", "end": "00:39:19", "text": "Hasn't really made any any progress. Um"}, {"start": "00:39:18", "end": "00:39:20", "text": "[cough] the pro [clears throat] the"}, {"start": "00:39:19", "end": "00:39:22", "text": "biggest problem I've I've said with"}, {"start": "00:39:20", "end": "00:39:25", "text": "Vchain for a while and they still"}, {"start": "00:39:22", "end": "00:39:29", "text": "haven't changed it is [snorts]"}, {"start": "00:39:25", "end": "00:39:33", "text": "Sunny continues to just go deeper and"}, {"start": "00:39:29", "end": "00:39:36", "text": "deeper with their better ecosystem,"}, {"start": "00:39:33", "end": "00:39:38", "text": "which is a good cause. They have a whole"}, {"start": "00:39:36", "end": "00:39:41", "text": "app. They they even have a better token,"}, {"start": "00:39:38", "end": "00:39:44", "text": "I think. And it's all about cleaning up"}, {"start": "00:39:41", "end": "00:39:47", "text": "the earth. You get rewarded for like"}, {"start": "00:39:44", "end": "00:39:50", "text": "cleaning up garbage. It's like a social"}, {"start": "00:39:47", "end": "00:39:54", "text": "gamified"}, {"start": "00:39:50", "end": "00:39:58", "text": "uh pickup garbage pickup thing or"}, {"start": "00:39:54", "end": "00:40:00", "text": "cleaning thing. It's a good cause,"}, {"start": "00:39:58", "end": "00:40:03", "text": "right? But that's what he's going like"}, {"start": "00:40:00", "end": "00:40:05", "text": "all in on."}, {"start": "00:40:03", "end": "00:40:09", "text": "So all the other traditional things like"}, {"start": "00:40:05", "end": "00:40:11", "text": "building out liquidity, stable coins,"}, {"start": "00:40:09", "end": "00:40:14", "text": "DeFi"}, {"start": "00:40:11", "end": "00:40:18", "text": "now like futures market or you know"}, {"start": "00:40:14", "end": "00:40:22", "text": "dexes. Um"}, {"start": "00:40:18", "end": "00:40:24", "text": "they don't exist on Vchain."}, {"start": "00:40:22", "end": "00:40:28", "text": "Like I don't think things have changed"}, {"start": "00:40:24", "end": "00:40:30", "text": "for years. I've always said where's the"}, {"start": "00:40:28", "end": "00:40:35", "text": "liquidity? if you want to use a DEX on"}, {"start": "00:40:30", "end": "00:40:37", "text": "Vchain, can you even name one?"}, {"start": "00:40:35", "end": "00:40:39", "text": "Um, and I still think they don't have"}, {"start": "00:40:37", "end": "00:40:42", "text": "any of that."}, {"start": "00:40:39", "end": "00:40:44", "text": "All the I don't know what it is. They"}, {"start": "00:40:42", "end": "00:40:46", "text": "just can't attract them or they just"}, {"start": "00:40:44", "end": "00:40:49", "text": "don't care."}, {"start": "00:40:46", "end": "00:40:53", "text": "That's that's been the biggest problem"}, {"start": "00:40:49", "end": "00:40:54", "text": "with Vchain. It just they don't"}, {"start": "00:40:53", "end": "00:40:57", "text": "they don't really concentrate on those"}, {"start": "00:40:54", "end": "00:40:59", "text": "kind of things that other chains do."}, {"start": "00:40:57", "end": "00:41:01", "text": "Maybe they could get into AI, you know,"}, {"start": "00:40:59", "end": "00:41:03", "text": "I think a lot of like infrastructure"}, {"start": "00:41:01", "end": "00:41:06", "text": "deep pin projects."}, {"start": "00:41:03", "end": "00:41:08", "text": "Um, they should really rebrand and just"}, {"start": "00:41:06", "end": "00:41:10", "text": "go all in on AI"}, {"start": "00:41:08", "end": "00:41:12", "text": "and it's the best of both worlds. Like I"}, {"start": "00:41:10", "end": "00:41:14", "text": "think Akos is in a good position for"}, {"start": "00:41:12", "end": "00:41:16", "text": "that. There's another project that I'm,"}, {"start": "00:41:14", "end": "00:41:19", "text": "you know, close sort of close with is"}, {"start": "00:41:16", "end": "00:41:21", "text": "Flux. They're in that space, their deep"}, {"start": "00:41:19", "end": "00:41:23", "text": "pin space."}, {"start": "00:41:21", "end": "00:41:26", "text": "So, they could definitely like rebrand"}, {"start": "00:41:23", "end": "00:41:28", "text": "themselves as like AI projects and I"}, {"start": "00:41:26", "end": "00:41:30", "text": "think they would do very well, but a lot"}, {"start": "00:41:28", "end": "00:41:32", "text": "of them still have not. They're still"}, {"start": "00:41:30", "end": "00:41:34", "text": "like"}, {"start": "00:41:32", "end": "00:41:38", "text": "trying to market themselves as deep and"}, {"start": "00:41:34", "end": "00:41:38", "text": "I think that's the wrong move."}, {"start": "00:41:43", "end": "00:41:49", "text": "I don't think there's a Vchain Dex. I I"}, {"start": "00:41:46", "end": "00:41:49", "text": "just don't think it exists."}, {"start": "00:41:54", "end": "00:42:01", "text": "like this is a chain TVL."}, {"start": "00:41:58", "end": "00:42:01", "text": "Um"}, {"start": "00:42:03", "end": "00:42:09", "text": "I don't think Vchain's on here because"}, {"start": "00:42:05", "end": "00:42:09", "text": "they they have no liquidity."}, {"start": "00:42:16", "end": "00:42:20", "text": "Yeah, I don't I don't see them."}, {"start": "00:42:28", "end": "00:42:33", "text": "So I I don't know what it is with uh"}, {"start": "00:42:30", "end": "00:42:35", "text": "Vchain and"}, {"start": "00:42:33", "end": "00:42:37", "text": "their leadership"}, {"start": "00:42:35", "end": "00:42:39", "text": "uh or the decision- making of the"}, {"start": "00:42:37", "end": "00:42:41", "text": "leadership. I mean Vchain has the UFC"}, {"start": "00:42:39", "end": "00:42:44", "text": "thing going now. They're into the slap"}, {"start": "00:42:41", "end": "00:42:47", "text": "thing with Dana."}, {"start": "00:42:44", "end": "00:42:49", "text": "So, I know that that"}, {"start": "00:42:47", "end": "00:42:52", "text": "has happened and that got them some"}, {"start": "00:42:49", "end": "00:42:55", "text": "attention, but that doesn't help like"}, {"start": "00:42:52", "end": "00:42:57", "text": "their token. No one's buying Vchain"}, {"start": "00:42:55", "end": "00:43:00", "text": "because they see it at a UFC match,"}, {"start": "00:42:57", "end": "00:43:03", "text": "right? It's good to get the name out,"}, {"start": "00:43:00", "end": "00:43:08", "text": "but like when they look it up, the only"}, {"start": "00:43:03", "end": "00:43:08", "text": "thing going for it is just better thing."}, {"start": "00:43:33", "end": "00:43:39", "text": "Uh, Vchain, Adams, CRO, Ada, and Possib"}, {"start": "00:43:37", "end": "00:43:42", "text": "may never recover. The new kids on the"}, {"start": "00:43:39", "end": "00:43:43", "text": "block, Su Hype, Neandondo have captures"}, {"start": "00:43:42", "end": "00:43:47", "text": "everyone intention. But, you know, some"}, {"start": "00:43:43", "end": "00:43:49", "text": "of these make sense, right? Like hype"}, {"start": "00:43:47", "end": "00:43:51", "text": "makes sense. Even though they're"}, {"start": "00:43:49", "end": "00:43:53", "text": "probably wrecking a lot of people, their"}, {"start": "00:43:51", "end": "00:43:55", "text": "leverage, it makes sense. They're making"}, {"start": "00:43:53", "end": "00:43:59", "text": "money hand over fist. They have a ton of"}, {"start": "00:43:55", "end": "00:44:01", "text": "volume, a ton of TBL because of trading,"}, {"start": "00:43:59", "end": "00:44:05", "text": "right? That makes sense. Ando makes"}, {"start": "00:44:01", "end": "00:44:07", "text": "sense. They're in RWA."}, {"start": "00:44:05", "end": "00:44:11", "text": "There's a ton of things already"}, {"start": "00:44:07", "end": "00:44:12", "text": "tokenized on Ando. They got regatory"}, {"start": "00:44:11", "end": "00:44:14", "text": "clarity, right? So like that makes"}, {"start": "00:44:12", "end": "00:44:17", "text": "sense."}, {"start": "00:44:14", "end": "00:44:19", "text": "near. I don't know if it makes 100%"}, {"start": "00:44:17", "end": "00:44:22", "text": "sense. I think it's half half. They're"}, {"start": "00:44:19", "end": "00:44:26", "text": "in AI, but they're just overall L1 just"}, {"start": "00:44:22", "end": "00:44:28", "text": "like Soul or anything else."}, {"start": "00:44:26", "end": "00:44:30", "text": "Um, I think recently they've done well"}, {"start": "00:44:28", "end": "00:44:32", "text": "because Arthur Hayes was was shilling"}, {"start": "00:44:30", "end": "00:44:36", "text": "the hell out of it. But outside of that,"}, {"start": "00:44:32", "end": "00:44:37", "text": "I mean, it sort of makes sense,"}, {"start": "00:44:36", "end": "00:44:39", "text": "but they [clears throat] do have more"}, {"start": "00:44:37", "end": "00:44:43", "text": "traction"}, {"start": "00:44:39", "end": "00:44:44", "text": "than than others. and Sooie makes sense"}, {"start": "00:44:43", "end": "00:44:47", "text": "because they have a, you know, they're a"}, {"start": "00:44:44", "end": "00:44:49", "text": "new kid on the block with a lot of"}, {"start": "00:44:47", "end": "00:44:52", "text": "uh development and the community is"}, {"start": "00:44:49", "end": "00:44:54", "text": "good."}, {"start": "00:44:52", "end": "00:44:57", "text": "But yeah, some of these some of these"}, {"start": "00:44:54", "end": "00:44:59", "text": "older ones I think [snorts] there's a"}, {"start": "00:44:57", "end": "00:45:00", "text": "need to do I mean it is what it is. I"}, {"start": "00:44:59", "end": "00:45:04", "text": "know a lot of them are doing what they"}, {"start": "00:45:00", "end": "00:45:06", "text": "can right and the bear there's there's"}, {"start": "00:45:04", "end": "00:45:08", "text": "not a whole lot you could do but you"}, {"start": "00:45:06", "end": "00:45:11", "text": "just got to keep pushing forward either"}, {"start": "00:45:08", "end": "00:45:14", "text": "developing keeping engage uh the"}, {"start": "00:45:11", "end": "00:45:16", "text": "community engagement high and you got to"}, {"start": "00:45:14", "end": "00:45:21", "text": "show that you're not giving up. That's"}, {"start": "00:45:16", "end": "00:45:21", "text": "basically what what it comes down to."}, {"start": "00:45:24", "end": "00:45:26", "text": ">> [snorts]"}, {"start": "00:45:27", "end": "00:45:33", "text": ">> All right, guys. I'll let you guys go."}, {"start": "00:45:31", "end": "00:45:35", "text": "Overall today,"}, {"start": "00:45:33", "end": "00:45:36", "text": "not good, not bad. We're just kind of"}, {"start": "00:45:35", "end": "00:45:39", "text": "holding,"}, {"start": "00:45:36", "end": "00:45:43", "text": "but obviously Bitcoin is under pressure."}, {"start": "00:45:39", "end": "00:45:46", "text": "Crypto still under pressure. We got"}, {"start": "00:45:43", "end": "00:45:46", "text": "inflation."}, {"start": "00:45:47", "end": "00:45:54", "text": "Bill Gates says, \"I should have never"}, {"start": "00:45:49", "end": "00:45:54", "text": "met with Jeffrey Epstein in first place."}, {"start": "00:45:55", "end": "00:46:00", "text": "little too late to be saying that."}, {"start": "00:45:58", "end": "00:46:00", "text": "[laughter]"}, {"start": "00:46:01", "end": "00:46:07", "text": "Uh but anyways, got distracted. We got"}, {"start": "00:46:05", "end": "00:46:10", "text": "some inflation data that that that isn't"}, {"start": "00:46:07", "end": "00:46:12", "text": "good, right? We still have the war going"}, {"start": "00:46:10", "end": "00:46:16", "text": "on. We still got capital rotation. We"}, {"start": "00:46:12", "end": "00:46:18", "text": "got the SpaceX IPO happening."}, {"start": "00:46:16", "end": "00:46:22", "text": "Got a lot of stuff. Asian markets"}, {"start": "00:46:18", "end": "00:46:24", "text": "falling, right? got a lot of stuff"}, {"start": "00:46:22", "end": "00:46:28", "text": "holding us back, but this is the time to"}, {"start": "00:46:24", "end": "00:46:30", "text": "stay strong, stay in the game."}, {"start": "00:46:28", "end": "00:46:33", "text": "Fundamentals are still great. And"}, {"start": "00:46:30", "end": "00:46:36", "text": "looking back at previous low points,"}, {"start": "00:46:33", "end": "00:46:38", "text": "previous crypto winter lows, this is"}, {"start": "00:46:36", "end": "00:46:41", "text": "what it's looking like right now as one"}, {"start": "00:46:38", "end": "00:46:44", "text": "of those times. So stay strong, my"}, {"start": "00:46:41", "end": "00:46:50", "text": "friends. Smash it a like. Subscribe to"}, {"start": "00:46:44", "end": "00:46:51", "text": "the channel. Go use Ask Clash and uh I'm"}, {"start": "00:46:50", "end": "00:46:52", "text": "going to try to get those agents"}, {"start": "00:46:51", "end": "00:46:55", "text": "perfected so that you guys could start"}, {"start": "00:46:52", "end": "00:46:57", "text": "using them."}, {"start": "00:46:55", "end": "00:46:57", "text": "All right."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "This is Discover Crypto. Huge show for"}, {"start": "00:00:03", "end": "00:00:06", "text": "you today because the markets are"}, {"start": "00:00:04", "end": "00:00:09", "text": "pumping off of this I ran news. We have"}, {"start": "00:00:06", "end": "00:00:11", "text": "Bitcoin, Ethereum, Salana, Cardono."}, {"start": "00:00:09", "end": "00:00:13", "text": "Cardano is even pumping hyperlid. Of"}, {"start": "00:00:11", "end": "00:00:15", "text": "course, we're going to look at the US"}, {"start": "00:00:13", "end": "00:00:16", "text": "oil as well. And I'm here with Drew."}, {"start": "00:00:15", "end": "00:00:19", "text": "Drew, how are you doing today?"}, {"start": "00:00:16", "end": "00:00:22", "text": ">> It's all happening Dy everywhere. Just a"}, {"start": "00:00:19", "end": "00:00:22", "text": "mainstream media flood of good news"}, {"start": "00:00:22", "end": "00:00:24", "text": "today."}, {"start": "00:00:22", "end": "00:00:26", "text": ">> Is this a new look for you? The goatee."}, {"start": "00:00:24", "end": "00:00:27", "text": "Is is that what you had in the past?"}, {"start": "00:00:26", "end": "00:00:30", "text": ">> No, this is the same look. What I did is"}, {"start": "00:00:27", "end": "00:00:31", "text": "my wife cut my hair a little bit. I got"}, {"start": "00:00:30", "end": "00:00:32", "text": "jealous of my son's haircut. He looked"}, {"start": "00:00:31", "end": "00:00:33", "text": "too good. So I had"}, {"start": "00:00:32", "end": "00:00:35", "text": ">> I can tell you were a little different"}, {"start": "00:00:33", "end": "00:00:36", "text": "there. Things were different and my"}, {"start": "00:00:35", "end": "00:00:38", "text": "autism was triggered. All right,"}, {"start": "00:00:36", "end": "00:00:39", "text": "everybody. Let's look at the Coin Gecko"}, {"start": "00:00:38", "end": "00:00:41", "text": "charts here. We're going to look at all"}, {"start": "00:00:39", "end": "00:00:44", "text": "the markets here. Bitcoin's up almost"}, {"start": "00:00:41", "end": "00:00:45", "text": "4%. ETH with almost a 10% pump. We're"}, {"start": "00:00:44", "end": "00:00:46", "text": "going to look at the ETH chart. We're"}, {"start": "00:00:45", "end": "00:00:51", "text": "going to look at the XRP chart cuz look"}, {"start": "00:00:46", "end": "00:00:54", "text": "at XRP 9.2% pump. Hyperlid 12% pump."}, {"start": "00:00:51", "end": "00:00:57", "text": "Zcash 24% and Cardono with the 12% pump."}, {"start": "00:00:54", "end": "00:00:59", "text": "Now, Drew, I did happen to get a Cardano"}, {"start": "00:00:57", "end": "00:01:02", "text": "trade in basically at the bottom."}, {"start": "00:00:59", "end": "00:01:02", "text": ">> Okay. Did you put it in over the"}, {"start": "00:01:02", "end": "00:01:04", "text": "weekend?"}, {"start": "00:01:02", "end": "00:01:06", "text": ">> I put it in over the weekend. Look at"}, {"start": "00:01:04", "end": "00:01:08", "text": "that entry. That's a clean entry,"}, {"start": "00:01:06", "end": "00:01:09", "text": "everybody. Clean entry. So, if you want"}, {"start": "00:01:08", "end": "00:01:11", "text": "to make sure I'll show you the levels"}, {"start": "00:01:09", "end": "00:01:12", "text": "that we're looking at. We're going to"}, {"start": "00:01:11", "end": "00:01:14", "text": "look at all the altcoins. We're going to"}, {"start": "00:01:12", "end": "00:01:16", "text": "look at all the major movers and shakers"}, {"start": "00:01:14", "end": "00:01:19", "text": "here today. Big move coming from Zcash,"}, {"start": "00:01:16", "end": "00:01:21", "text": "Royalcoin, Near Protocol. I didn't"}, {"start": "00:01:19", "end": "00:01:22", "text": "realize Near was up 20%. We might have"}, {"start": "00:01:21", "end": "00:01:25", "text": "to go look at the old Near chart there."}, {"start": "00:01:22", "end": "00:01:27", "text": ">> Yeah, I've been watching Near. Um, you"}, {"start": "00:01:25", "end": "00:01:28", "text": "know, it's definitely catching more hype"}, {"start": "00:01:27", "end": "00:01:31", "text": "and more excitement than a lot of the"}, {"start": "00:01:28", "end": "00:01:33", "text": "other altcoins. And I remember like a"}, {"start": "00:01:31", "end": "00:01:36", "text": "$180 was the last level we were looking"}, {"start": "00:01:33", "end": "00:01:37", "text": "at for kind of good strong defense. Yes."}, {"start": "00:01:36", "end": "00:01:38", "text": "The"}, {"start": "00:01:37", "end": "00:01:40", "text": ">> still party in the back."}, {"start": "00:01:38", "end": "00:01:42", "text": ">> Yes. Still still party in the back. Just"}, {"start": "00:01:40", "end": "00:01:44", "text": "a little bit uh more reserved, right?"}, {"start": "00:01:42", "end": "00:01:45", "text": "Things are getting a little bit long, a"}, {"start": "00:01:44", "end": "00:01:46", "text": "little bit out of control. So,"}, {"start": "00:01:45", "end": "00:01:48", "text": ">> all right. Now, I want you to get out of"}, {"start": "00:01:46", "end": "00:01:49", "text": "control with smashing that like button,"}, {"start": "00:01:48", "end": "00:01:51", "text": "everybody. I want you to smash that"}, {"start": "00:01:49", "end": "00:01:53", "text": "mouse button until that left button"}, {"start": "00:01:51", "end": "00:01:56", "text": "breaks. Okay? And then it's just stuck"}, {"start": "00:01:53", "end": "00:01:58", "text": "on like we have Stellar with the nice"}, {"start": "00:01:56", "end": "00:02:00", "text": "pump. A with a nice pump, Jupiter seeing"}, {"start": "00:01:58", "end": "00:02:02", "text": "some, you know, some of these fairly"}, {"start": "00:02:00", "end": "00:02:05", "text": "strong altcoin projects and then it's"}, {"start": "00:02:02", "end": "00:02:07", "text": "not a surprise the crime pumps did not"}, {"start": "00:02:05", "end": "00:02:10", "text": "manage to capture this pump here. So we"}, {"start": "00:02:07", "end": "00:02:11", "text": "have the beat is down, lab is down."}, {"start": "00:02:10", "end": "00:02:13", "text": "Let's see here. Other than that is just"}, {"start": "00:02:11", "end": "00:02:15", "text": "straight into stable coins. And I guess"}, {"start": "00:02:13", "end": "00:02:16", "text": "you can see what are the altcoins"}, {"start": "00:02:15", "end": "00:02:18", "text": "underperforming. What are the altcoins"}, {"start": "00:02:16", "end": "00:02:20", "text": "not doing so hot? You're going to have"}, {"start": "00:02:18", "end": "00:02:22", "text": "Leo token. You're going to have Tron."}, {"start": "00:02:20", "end": "00:02:23", "text": "Oh, Drew, is it worry you that Morpho is"}, {"start": "00:02:22", "end": "00:02:25", "text": "not really gaining today?"}, {"start": "00:02:23", "end": "00:02:28", "text": ">> I'm not worried at all. It's still"}, {"start": "00:02:25", "end": "00:02:31", "text": "hanging around two bucks. Like my main"}, {"start": "00:02:28", "end": "00:02:34", "text": "thing, we've seen 30% pumps up and, you"}, {"start": "00:02:31", "end": "00:02:37", "text": "know, 20 30% drops down over the last"}, {"start": "00:02:34", "end": "00:02:40", "text": "few months. Um, Morpho, I'm not too"}, {"start": "00:02:37", "end": "00:02:42", "text": "worried about. And it's, you know, this"}, {"start": "00:02:40", "end": "00:02:45", "text": "is the time where I am starting to get"}, {"start": "00:02:42", "end": "00:02:47", "text": "real excited, DY, because if the money"}, {"start": "00:02:45", "end": "00:02:50", "text": "flow pattern that I've used for a couple"}, {"start": "00:02:47", "end": "00:02:52", "text": "cycles plays out again, January or July"}, {"start": "00:02:50", "end": "00:02:55", "text": "is going to be a really heavy time for"}, {"start": "00:02:52", "end": "00:02:56", "text": "altcoin buys for me. So, I'm hoping that"}, {"start": "00:02:55", "end": "00:02:58", "text": "things actually keep continuing the way"}, {"start": "00:02:56", "end": "00:03:00", "text": "I expected it to on money flow. Uh,"}, {"start": "00:02:58", "end": "00:03:02", "text": "because then I can start patting out my"}, {"start": "00:03:00", "end": "00:03:05", "text": "bags with the uh with the altcoin hold."}, {"start": "00:03:02", "end": "00:03:08", "text": "So, I'm actually really excited to see"}, {"start": "00:03:05", "end": "00:03:09", "text": "60K generally being a good bounce point"}, {"start": "00:03:08", "end": "00:03:12", "text": "for Bitcoin."}, {"start": "00:03:09", "end": "00:03:13", "text": ">> Um, obviously the news plays into the"}, {"start": "00:03:12", "end": "00:03:14", "text": "pump this morning."}, {"start": "00:03:13", "end": "00:03:15", "text": ">> Well, you brought up Bitcoin. So, let's"}, {"start": "00:03:14", "end": "00:03:17", "text": "actually look at Bitcoin here. So, we're"}, {"start": "00:03:15", "end": "00:03:18", "text": "looking at the 1 hour chart and I wanted"}, {"start": "00:03:17", "end": "00:03:20", "text": "to point something out. So, we're going"}, {"start": "00:03:18", "end": "00:03:22", "text": "to see this as a trend on a lot of"}, {"start": "00:03:20", "end": "00:03:24", "text": "altcoins. Some are within this parallel"}, {"start": "00:03:22", "end": "00:03:26", "text": "range. Some are really struggling in the"}, {"start": "00:03:24", "end": "00:03:28", "text": "range. Some are breaking out of the"}, {"start": "00:03:26", "end": "00:03:30", "text": "range. And we're going to use this to"}, {"start": "00:03:28", "end": "00:03:32", "text": "determine some of these altcoins next"}, {"start": "00:03:30", "end": "00:03:33", "text": "moves and Bitcoin's next moves. So,"}, {"start": "00:03:32", "end": "00:03:35", "text": "first thing you see here is you catch"}, {"start": "00:03:33", "end": "00:03:36", "text": "the bottom here. Catch the bottom. Catch"}, {"start": "00:03:35", "end": "00:03:40", "text": "the bottom. Catch the bottom. But Drew,"}, {"start": "00:03:36", "end": "00:03:41", "text": "watch this. You move it up."}, {"start": "00:03:40", "end": "00:03:43", "text": "We're basically flirting with this level"}, {"start": "00:03:41", "end": "00:03:44", "text": "right now. And then if you move it up,"}, {"start": "00:03:43", "end": "00:03:46", "text": "you also catch the bottoms right here."}, {"start": "00:03:44", "end": "00:03:49", "text": "So, we're kind of in the middle of a"}, {"start": "00:03:46", "end": "00:03:51", "text": "parallel range. And we wked just shy"}, {"start": "00:03:49", "end": "00:03:53", "text": "just shy of hitting the top of this"}, {"start": "00:03:51", "end": "00:03:55", "text": "range here. And so, this is the area I'm"}, {"start": "00:03:53", "end": "00:03:56", "text": "looking at for Bitcoin. But, we're going"}, {"start": "00:03:55", "end": "00:03:58", "text": "to see this play out on different"}, {"start": "00:03:56", "end": "00:04:00", "text": "altcoins. So, I want you to remember"}, {"start": "00:03:58", "end": "00:04:01", "text": "upward parallel range that we're going"}, {"start": "00:04:00", "end": "00:04:03", "text": "to see. I did want to look at the stock"}, {"start": "00:04:01", "end": "00:04:06", "text": "market here. Stock market, this is the"}, {"start": "00:04:03", "end": "00:04:09", "text": "futures open and nice little gap to the"}, {"start": "00:04:06", "end": "00:04:11", "text": "upside. Had a nice little open about one"}, {"start": "00:04:09", "end": "00:04:13", "text": "and a half% higher. Right now, stock"}, {"start": "00:04:11", "end": "00:04:14", "text": "market's trading about 2 and a half%"}, {"start": "00:04:13", "end": "00:04:16", "text": "higher than what we saw on Friday's"}, {"start": "00:04:14", "end": "00:04:18", "text": "close. So, stock market is loving the"}, {"start": "00:04:16", "end": "00:04:20", "text": "news from Donald Trump. And let's just"}, {"start": "00:04:18", "end": "00:04:22", "text": "get right into the true social post."}, {"start": "00:04:20", "end": "00:04:25", "text": "This is the one from 17 hours ago. We"}, {"start": "00:04:22", "end": "00:04:27", "text": "got a couple fresher ones as well, but"}, {"start": "00:04:25", "end": "00:04:28", "text": ">> Drew, there's just so many posts from"}, {"start": "00:04:27", "end": "00:04:30", "text": "Trump."}, {"start": "00:04:28", "end": "00:04:32", "text": ">> Is he crashing out more? How many"}, {"start": "00:04:30", "end": "00:04:34", "text": "crashes culture war stuff and a lot of"}, {"start": "00:04:32", "end": "00:04:35", "text": "endorsements, but"}, {"start": "00:04:34", "end": "00:04:38", "text": ">> well, it was his birthday, I think,"}, {"start": "00:04:35", "end": "00:04:41", "text": "Sunday. Um, you know, so I figured he'd"}, {"start": "00:04:38", "end": "00:04:44", "text": "be, you know, kind of boasting about the"}, {"start": "00:04:41", "end": "00:04:46", "text": "timing of this reported deal with Iran"}, {"start": "00:04:44", "end": "00:04:48", "text": "and his birthday, but it's always a good"}, {"start": "00:04:46", "end": "00:04:48", "text": "time going into True Social. What do"}, {"start": "00:04:48", "end": "00:04:50", "text": "they got for us?"}, {"start": "00:04:48", "end": "00:04:51", "text": ">> Well, this one 17 hours ago, the deal"}, {"start": "00:04:50", "end": "00:04:53", "text": "with the Iran is now complete."}, {"start": "00:04:51", "end": "00:04:55", "text": "Congratulations to all. I hereby"}, {"start": "00:04:53", "end": "00:04:57", "text": "authorize the toll-free opening of the"}, {"start": "00:04:55", "end": "00:04:59", "text": "straight of Hormuz. Simultaneously,"}, {"start": "00:04:57", "end": "00:05:01", "text": "Herwith authorized the immediate removal"}, {"start": "00:04:59", "end": "00:05:04", "text": "of the blockade. Ships of the world."}, {"start": "00:05:01", "end": "00:05:07", "text": "Start your engines. Let the oil flow."}, {"start": "00:05:04", "end": "00:05:08", "text": "Let the spice flow. President Donald J."}, {"start": "00:05:07", "end": "00:05:10", "text": "Trump. He posted an hour later. The"}, {"start": "00:05:08", "end": "00:05:13", "text": "great deal will bring peace and security"}, {"start": "00:05:10", "end": "00:05:14", "text": "to the whole region. Many presidents"}, {"start": "00:05:13", "end": "00:05:17", "text": "tried to make peace with Iran and they"}, {"start": "00:05:14", "end": "00:05:18", "text": "all failed before me. Leaders of the"}, {"start": "00:05:17", "end": "00:05:20", "text": "region have for the first time found a"}, {"start": "00:05:18", "end": "00:05:21", "text": "president who can help them achieve real"}, {"start": "00:05:20", "end": "00:05:23", "text": "peace with an opening of the straight"}, {"start": "00:05:21", "end": "00:05:25", "text": "upon the signing of the deal on Friday."}, {"start": "00:05:23", "end": "00:05:27", "text": "for purposes of mine removal, oil will"}, {"start": "00:05:25", "end": "00:05:29", "text": "flow on both ends again for the region"}, {"start": "00:05:27", "end": "00:05:31", "text": "and the world. President Donald J. Trump"}, {"start": "00:05:29", "end": "00:05:33", "text": "and he's signing a deal actually a"}, {"start": "00:05:31", "end": "00:05:34", "text": "little bit similar to Obama's deal if"}, {"start": "00:05:33", "end": "00:05:36", "text": "we're just going to be fair. So, I'm not"}, {"start": "00:05:34", "end": "00:05:38", "text": "sure what his distinction is between him"}, {"start": "00:05:36", "end": "00:05:41", "text": "and Obama, but that's uh what we're"}, {"start": "00:05:38", "end": "00:05:43", "text": "seeing here. And I think he also had one"}, {"start": "00:05:41", "end": "00:05:45", "text": "that was semi-reent."}, {"start": "00:05:43", "end": "00:05:47", "text": "Uh right here, he was posting US"}, {"start": "00:05:45", "end": "00:05:50", "text": "counting more ships for Hermoose ship"}, {"start": "00:05:47", "end": "00:05:51", "text": "transits than what we're seeing on and"}, {"start": "00:05:50", "end": "00:05:53", "text": "here you can see some of the cultureware"}, {"start": "00:05:51", "end": "00:05:54", "text": "stuff. Uh and then he also had this."}, {"start": "00:05:53", "end": "00:05:56", "text": "This is just an hour ago. Ships are"}, {"start": "00:05:54", "end": "00:05:57", "text": "starting to move, many loaded up with"}, {"start": "00:05:56", "end": "00:05:58", "text": "oil out of the straight of Hormuz."}, {"start": "00:05:57", "end": "00:06:01", "text": "They're going along the southern"}, {"start": "00:05:58", "end": "00:06:03", "text": "highway, totally safe, secure, and"}, {"start": "00:06:01", "end": "00:06:06", "text": "pristine. There other areas of travel."}, {"start": "00:06:03", "end": "00:06:08", "text": "Also, President Donald J. Trump. So, the"}, {"start": "00:06:06", "end": "00:06:11", "text": "markets are liking the news. Guess we"}, {"start": "00:06:08", "end": "00:06:13", "text": "could jump over to oil and see, are we"}, {"start": "00:06:11", "end": "00:06:16", "text": "starting to see the oil crash? Yeah,"}, {"start": "00:06:13", "end": "00:06:17", "text": "oil's coming in a lot cheaper now, Drew."}, {"start": "00:06:16", "end": "00:06:18", "text": "Opening a lot higher than what we saw on"}, {"start": "00:06:17", "end": "00:06:21", "text": "Friday."}, {"start": "00:06:18", "end": "00:06:23", "text": ">> My view is loving this news. This is"}, {"start": "00:06:21", "end": "00:06:24", "text": "great news for the Seoia being back"}, {"start": "00:06:23", "end": "00:06:25", "text": "under 80 bucks."}, {"start": "00:06:24", "end": "00:06:25", "text": ">> Yeah."}, {"start": "00:06:25", "end": "00:06:27", "text": ">> Um,"}, {"start": "00:06:25", "end": "00:06:30", "text": ">> type in how much it costs to fill your"}, {"start": "00:06:27", "end": "00:06:31", "text": "tank, Chad. I I I am curious. How much"}, {"start": "00:06:30", "end": "00:06:33", "text": "are you guys paying at the pump today,"}, {"start": "00:06:31", "end": "00:06:34", "text": "Drew? What do you pay at the pump"}, {"start": "00:06:33", "end": "00:06:36", "text": ">> to fill it up?"}, {"start": "00:06:34", "end": "00:06:38", "text": ">> Well, real it's like 350. I' I've got"}, {"start": "00:06:36", "end": "00:06:42", "text": "some gas stations at 340, right? So, it"}, {"start": "00:06:38", "end": "00:06:44", "text": "never really went above and beyond $4 to"}, {"start": "00:06:42", "end": "00:06:46", "text": "with real strength. You know what I"}, {"start": "00:06:44", "end": "00:06:49", "text": "mean? I never had to spend more than a"}, {"start": "00:06:46", "end": "00:06:51", "text": "week or two at the 390 range. It's right"}, {"start": "00:06:49", "end": "00:06:54", "text": "around 340 right now. It ain't that bad."}, {"start": "00:06:51", "end": "00:06:56", "text": "Um, yeah, I have a gas hog. So, driving"}, {"start": "00:06:54", "end": "00:06:57", "text": "across the state twice a year."}, {"start": "00:06:56", "end": "00:06:58", "text": ">> We got someone in a moped. They're only"}, {"start": "00:06:57", "end": "00:07:00", "text": "spinning three. Oh, they're talking"}, {"start": "00:06:58", "end": "00:07:02", "text": "about per gallon. Per gallon. I was"}, {"start": "00:07:00", "end": "00:07:03", "text": "maybe they're in the Dewey special"}, {"start": "00:07:02", "end": "00:07:05", "text": ">> potentially."}, {"start": "00:07:03", "end": "00:07:08", "text": ">> The little Maybe those old school about"}, {"start": "00:07:05", "end": "00:07:10", "text": "20 years ago. The minibikes."}, {"start": "00:07:08", "end": "00:07:11", "text": ">> A box from China. Those you you couldn't"}, {"start": "00:07:10", "end": "00:07:12", "text": "go anywhere without seeing them on the"}, {"start": "00:07:11", "end": "00:07:14", "text": "road for like one summer and then they"}, {"start": "00:07:12", "end": "00:07:16", "text": "all broke and we never saw them again."}, {"start": "00:07:14", "end": "00:07:18", "text": ">> I peruse marketplace for those uh little"}, {"start": "00:07:16", "end": "00:07:19", "text": "mini bikes all the time. I like fixing"}, {"start": "00:07:18", "end": "00:07:22", "text": "those things up. So,"}, {"start": "00:07:19", "end": "00:07:23", "text": ">> we have a $500 a week gas guzzler here."}, {"start": "00:07:22", "end": "00:07:25", "text": "85."}, {"start": "00:07:23", "end": "00:07:29", "text": ">> I mean, I think I'm at two or 3000 a"}, {"start": "00:07:25", "end": "00:07:32", "text": "week just coming to and from the office."}, {"start": "00:07:29", "end": "00:07:35", "text": "So, you know, I drive a far distance."}, {"start": "00:07:32", "end": "00:07:39", "text": ">> Uh 319 in Indiana. Pretty nice."}, {"start": "00:07:35", "end": "00:07:40", "text": ">> Fiesta. Fiesta. Fiesta. Shout out to R."}, {"start": "00:07:39", "end": "00:07:43", "text": "Kelly. I still listen to his music. I"}, {"start": "00:07:40", "end": "00:07:45", "text": "don't care. I'll still listen. If you"}, {"start": "00:07:43", "end": "00:07:47", "text": "don't listen to R. Kelly, that means you"}, {"start": "00:07:45", "end": "00:07:48", "text": "can't listen to mamas and the papas."}, {"start": "00:07:47", "end": "00:07:49", "text": "California dreaming. I was thinking"}, {"start": "00:07:48", "end": "00:07:51", "text": "about that yesterday. Let's talk about"}, {"start": "00:07:49", "end": "00:07:52", "text": "the details of the deal. Then we're"}, {"start": "00:07:51", "end": "00:07:54", "text": "going to look at altcoins. We're looking"}, {"start": "00:07:52", "end": "00:07:55", "text": "at Ethereum. We're looking at Cardano."}, {"start": "00:07:54", "end": "00:07:57", "text": "We're looking at XRP. And if you want to"}, {"start": "00:07:55", "end": "00:07:59", "text": "see some other altcoins, we got a couple"}, {"start": "00:07:57", "end": "00:08:00", "text": "other put them in the chat and then"}, {"start": "00:07:59", "end": "00:08:03", "text": "we'll we'll make sure we add in a couple"}, {"start": "00:08:00", "end": "00:08:06", "text": "TA here. US and Iran have reached a deal"}, {"start": "00:08:03", "end": "00:08:08", "text": "to stop fighting and reopen shipping."}, {"start": "00:08:06", "end": "00:08:09", "text": "Iran and the US have agreed to an"}, {"start": "00:08:08", "end": "00:08:11", "text": "interim peace deal. The two nations"}, {"start": "00:08:09", "end": "00:08:13", "text": "announced yesterday potentially major"}, {"start": "00:08:11", "end": "00:08:15", "text": "breakthrough after nearly four months of"}, {"start": "00:08:13", "end": "00:08:17", "text": "fighting. We're entering in the fourth"}, {"start": "00:08:15", "end": "00:08:19", "text": "and pretty soon the fifth month of the"}, {"start": "00:08:17", "end": "00:08:22", "text": "war here. A deal is set to be signed"}, {"start": "00:08:19", "end": "00:08:24", "text": "this week on Friday, said Trump and"}, {"start": "00:08:22", "end": "00:08:27", "text": "Pakistan negotiators. Neither side"}, {"start": "00:08:24", "end": "00:08:29", "text": "provided a specific list though upon the"}, {"start": "00:08:27", "end": "00:08:30", "text": "agreed upon details here. Following"}, {"start": "00:08:29", "end": "00:08:32", "text": "intensive talks, we're pleased to"}, {"start": "00:08:30", "end": "00:08:34", "text": "announce the peace deal between the US"}, {"start": "00:08:32", "end": "00:08:37", "text": "and Iran has been reached. And this is"}, {"start": "00:08:34", "end": "00:08:39", "text": "from the prime minister of Pakistan of"}, {"start": "00:08:37", "end": "00:08:41", "text": "the lead mediary mediator here. The"}, {"start": "00:08:39", "end": "00:08:43", "text": "government in Thran later confirmed the"}, {"start": "00:08:41", "end": "00:08:45", "text": "deal had been struck. The text of the"}, {"start": "00:08:43", "end": "00:08:47", "text": "memorandum of understanding has been"}, {"start": "00:08:45", "end": "00:08:49", "text": "finalized. This was Iran's deputy"}, {"start": "00:08:47", "end": "00:08:52", "text": "foreign minister. Trump called on"}, {"start": "00:08:49", "end": "00:08:54", "text": "Israeli officials to cease the tax"}, {"start": "00:08:52", "end": "00:08:57", "text": "inside Lebanon. Something Iran suggested"}, {"start": "00:08:54", "end": "00:08:58", "text": "was key to the acceptance of the deal."}, {"start": "00:08:57", "end": "00:09:00", "text": "Goes in a little bit more detail about"}, {"start": "00:08:58", "end": "00:09:03", "text": "that. Now, this agreement is believed to"}, {"start": "00:09:00", "end": "00:09:05", "text": "pave the way for a 60-day period of"}, {"start": "00:09:03", "end": "00:09:07", "text": "negotiations over the controversial"}, {"start": "00:09:05", "end": "00:09:09", "text": "nuclear program, which they sus which"}, {"start": "00:09:07", "end": "00:09:11", "text": "the US suspects could be used to develop"}, {"start": "00:09:09", "end": "00:09:13", "text": "a nuclear weapon in exchange for curbs."}, {"start": "00:09:11", "end": "00:09:15", "text": "Iran expects access to billions of"}, {"start": "00:09:13", "end": "00:09:17", "text": "dollars of cash blocked abroad and to"}, {"start": "00:09:15", "end": "00:09:20", "text": "end sanctions that have stifled its"}, {"start": "00:09:17", "end": "00:09:22", "text": "economy. Now, Iranian state media is"}, {"start": "00:09:20", "end": "00:09:25", "text": "saying the US is going to give them 300"}, {"start": "00:09:22", "end": "00:09:26", "text": "billion. Drew billion."}, {"start": "00:09:25", "end": "00:09:27", "text": ">> That's a lot of money."}, {"start": "00:09:26", "end": "00:09:28", "text": ">> That's a third of an Elon."}, {"start": "00:09:27", "end": "00:09:31", "text": ">> That's a lot of money. Well, I'm glad"}, {"start": "00:09:28", "end": "00:09:33", "text": "that we could pay taxes to uh fund the"}, {"start": "00:09:31", "end": "00:09:35", "text": "munitions to, you know, cause the war"}, {"start": "00:09:33", "end": "00:09:37", "text": "and then pay for the rebuilding. That"}, {"start": "00:09:35", "end": "00:09:39", "text": "feels good. I love that, you know, and"}, {"start": "00:09:37", "end": "00:09:41", "text": ">> sits in Ukraine."}, {"start": "00:09:39", "end": "00:09:43", "text": ">> Yeah, this is really good news for us uh"}, {"start": "00:09:41", "end": "00:09:44", "text": "regular folks here. Uh just paying out"}, {"start": "00:09:43", "end": "00:09:45", "text": "the wazoo."}, {"start": "00:09:44", "end": "00:09:46", "text": ">> Now, if you're wondering, well, aren't"}, {"start": "00:09:45", "end": "00:09:48", "text": "they just unfreezing some of their"}, {"start": "00:09:46", "end": "00:09:50", "text": "money? Now, the unfroze money is only"}, {"start": "00:09:48", "end": "00:09:53", "text": "tens of billions. So, we would, to"}, {"start": "00:09:50", "end": "00:09:54", "text": "Drew's point, be spending an upward of a"}, {"start": "00:09:53", "end": "00:09:57", "text": "quarter trillion dollars of taxpayer"}, {"start": "00:09:54", "end": "00:09:58", "text": "money if But that has not been confirmed"}, {"start": "00:09:57", "end": "00:10:00", "text": "by the US. This just coming from Iranian"}, {"start": "00:09:58", "end": "00:10:02", "text": "state media. Now, Trump did say"}, {"start": "00:10:00", "end": "00:10:05", "text": "something about the dust, not the dust"}, {"start": "00:10:02", "end": "00:10:07", "text": "on the Oval Office desk. What's that"}, {"start": "00:10:05", "end": "00:10:09", "text": "white stuff? He's from Bill. Uh, we'll"}, {"start": "00:10:07", "end": "00:10:11", "text": "get the nuclear dust later on when we're"}, {"start": "00:10:09", "end": "00:10:13", "text": "ready to go and do it. I'd say over the"}, {"start": "00:10:11", "end": "00:10:15", "text": "next month or two, there is no rush. So,"}, {"start": "00:10:13", "end": "00:10:17", "text": "signaling we might try to go and check"}, {"start": "00:10:15", "end": "00:10:19", "text": "out foreatons,"}, {"start": "00:10:17", "end": "00:10:21", "text": "go to some of those sites and start"}, {"start": "00:10:19", "end": "00:10:22", "text": "clearing out the rubble out there. Of"}, {"start": "00:10:21", "end": "00:10:25", "text": "course, you know, was suspected we had"}, {"start": "00:10:22", "end": "00:10:26", "text": "that failed operation a few months ago."}, {"start": "00:10:25", "end": "00:10:29", "text": "Now, that's all I got for that article"}, {"start": "00:10:26", "end": "00:10:31", "text": "right there. But breaking news that's"}, {"start": "00:10:29", "end": "00:10:33", "text": "from Hormuz. Uh does look like we're"}, {"start": "00:10:31", "end": "00:10:35", "text": "permanently handing over to Iran, the"}, {"start": "00:10:33", "end": "00:10:37", "text": "straighter Hermuz, and going to give"}, {"start": "00:10:35", "end": "00:10:39", "text": "them full sovereign authority. And then"}, {"start": "00:10:37", "end": "00:10:41", "text": "now they're going to start having"}, {"start": "00:10:39", "end": "00:10:44", "text": "essentially tolls on this after the"}, {"start": "00:10:41", "end": "00:10:46", "text": "60-day waiver period. So, free passage"}, {"start": "00:10:44", "end": "00:10:49", "text": "for 2 months and then it's going to be"}, {"start": "00:10:46", "end": "00:10:52", "text": "turned into an Iranian toll station."}, {"start": "00:10:49", "end": "00:10:54", "text": ">> That's uh interesting play. What a win"}, {"start": "00:10:52", "end": "00:10:56", "text": "for America. I mean, we created a new"}, {"start": "00:10:54", "end": "00:10:57", "text": "toll station. We're creating new jobs."}, {"start": "00:10:56", "end": "00:11:00", "text": "So,"}, {"start": "00:10:57", "end": "00:11:01", "text": ">> well, probably less jobs on the oil"}, {"start": "00:11:00", "end": "00:11:03", "text": "field. That was the oil futures right"}, {"start": "00:11:01", "end": "00:11:05", "text": "there. That's the I think these are the"}, {"start": "00:11:03", "end": "00:11:08", "text": "fiveminute candles. So, you just see a"}, {"start": "00:11:05", "end": "00:11:10", "text": "huge huge move to the downside right"}, {"start": "00:11:08", "end": "00:11:12", "text": "there. But now starting to settle and"}, {"start": "00:11:10", "end": "00:11:14", "text": "you know, the cheaper the oil, the the"}, {"start": "00:11:12", "end": "00:11:16", "text": "better it is going to be for economies."}, {"start": "00:11:14", "end": "00:11:19", "text": "Drew, I was wondering now that oil is"}, {"start": "00:11:16", "end": "00:11:20", "text": "down and we have the peace talks, we"}, {"start": "00:11:19", "end": "00:11:22", "text": "have a Fed meeting in two days."}, {"start": "00:11:20", "end": "00:11:25", "text": ">> Yep. Do you think this changed the odds"}, {"start": "00:11:22", "end": "00:11:27", "text": "for maybe a rate cut?"}, {"start": "00:11:25", "end": "00:11:29", "text": ">> I I think that they're going to hold the"}, {"start": "00:11:27", "end": "00:11:30", "text": "rates or raise them. I don't think that"}, {"start": "00:11:29", "end": "00:11:34", "text": "we're going to see rate cuts."}, {"start": "00:11:30", "end": "00:11:34", "text": ">> Look at Look at the one week. No change."}, {"start": "00:11:34", "end": "00:11:37", "text": ">> Okay."}, {"start": "00:11:34", "end": "00:11:38", "text": ">> 99.5 the markets. And this is just the"}, {"start": "00:11:37", "end": "00:11:40", "text": "one week. I mean, we can go to the one"}, {"start": "00:11:38", "end": "00:11:42", "text": "day. Uh the markets are not really"}, {"start": "00:11:40", "end": "00:11:44", "text": "pricing in like, oh, Kevin Wars, he's"}, {"start": "00:11:42", "end": "00:11:46", "text": "going to change his tune. Uh we're still"}, {"start": "00:11:44", "end": "00:11:48", "text": "almost a certainty we're not going to"}, {"start": "00:11:46", "end": "00:11:49", "text": "have any rate change coming this"}, {"start": "00:11:48", "end": "00:11:51", "text": "Wednesday. So, big FOMC meeting this"}, {"start": "00:11:49", "end": "00:11:53", "text": "Wednesday. prediction markers though are"}, {"start": "00:11:51", "end": "00:11:55", "text": "saying nothing's going to happen. So all"}, {"start": "00:11:53", "end": "00:11:57", "text": "eyes are going to be on what's Kevin"}, {"start": "00:11:55", "end": "00:11:59", "text": "Worsh's adjectives and you know what"}, {"start": "00:11:57", "end": "00:12:00", "text": "color tie. We're going to have to try to"}, {"start": "00:11:59", "end": "00:12:02", "text": "look at the nuance of his message."}, {"start": "00:12:00", "end": "00:12:05", "text": ">> What are his pronouns?"}, {"start": "00:12:02", "end": "00:12:07", "text": ">> Moving on. I What do you think they are?"}, {"start": "00:12:05", "end": "00:12:09", "text": ">> Uh"}, {"start": "00:12:07", "end": "00:12:11", "text": "was were."}, {"start": "00:12:09", "end": "00:12:13", "text": "That's what I'd go with. Was were is"}, {"start": "00:12:11", "end": "00:12:15", "text": "kind of my favorite pronoun. You know,"}, {"start": "00:12:13", "end": "00:12:18", "text": ">> I would do uh"}, {"start": "00:12:15", "end": "00:12:19", "text": "powerful father-in-law crony. But uh"}, {"start": "00:12:18", "end": "00:12:21", "text": "let's look at strategy. We got a little"}, {"start": "00:12:19", "end": "00:12:23", "text": "Bitcoin news and we're going straight to"}, {"start": "00:12:21", "end": "00:12:24", "text": "the altcoin charts everybody. And I did"}, {"start": "00:12:23", "end": "00:12:25", "text": "see some of your comments. I know you"}, {"start": "00:12:24", "end": "00:12:28", "text": "guys want to see some of these. You want"}, {"start": "00:12:25", "end": "00:12:29", "text": "to see HAR? I have something to show you"}, {"start": "00:12:28", "end": "00:12:30", "text": "on H bar. I'm not even kidding. We're"}, {"start": "00:12:29", "end": "00:12:32", "text": "going to look at Hype. We're going to"}, {"start": "00:12:30", "end": "00:12:33", "text": "look at TOA. Just maybe remind me in a"}, {"start": "00:12:32", "end": "00:12:36", "text": "little bit when we start looking at"}, {"start": "00:12:33", "end": "00:12:38", "text": "these altcoins. But Micro Strategy Drew,"}, {"start": "00:12:36", "end": "00:12:41", "text": "they bought the dip. They raised 200"}, {"start": "00:12:38", "end": "00:12:42", "text": "million. They spent a hundred million on"}, {"start": "00:12:41", "end": "00:12:45", "text": "Bitcoin and then they increased their"}, {"start": "00:12:42", "end": "00:12:47", "text": "cash reserve by 100 million. So they"}, {"start": "00:12:45", "end": "00:12:50", "text": "diluted their stock by 200 million."}, {"start": "00:12:47", "end": "00:12:52", "text": "spent half of it on Bitcoin, half on the"}, {"start": "00:12:50", "end": "00:12:54", "text": "cash reserve. Do you think that's"}, {"start": "00:12:52", "end": "00:12:56", "text": "bullish or bearish?"}, {"start": "00:12:54", "end": "00:12:58", "text": ">> I mean, I think it's kind of bullish to"}, {"start": "00:12:56", "end": "00:13:00", "text": "see him buying up this 60K range, man."}, {"start": "00:12:58", "end": "00:13:02", "text": "It might be as simple as Bitcoin washing"}, {"start": "00:13:00", "end": "00:13:05", "text": "down to previous all-time highs,"}, {"start": "00:13:02", "end": "00:13:08", "text": "hammering in at the previous all-time"}, {"start": "00:13:05", "end": "00:13:11", "text": "high is what helped me a lot,"}, {"start": "00:13:08", "end": "00:13:14", "text": ">> you know, and I do like seeing him load"}, {"start": "00:13:11", "end": "00:13:15", "text": "up on Bitcoin when it is essentially"}, {"start": "00:13:14", "end": "00:13:18", "text": "half off from its previous all-time"}, {"start": "00:13:15", "end": "00:13:20", "text": "high. like seeing him chase the all-time"}, {"start": "00:13:18", "end": "00:13:22", "text": "high. It you know time frames is what"}, {"start": "00:13:20", "end": "00:13:22", "text": "scares me more but let's read into what"}, {"start": "00:13:22", "end": "00:13:24", "text": "he's doing."}, {"start": "00:13:22", "end": "00:13:26", "text": ">> So the purchase it was about a week long"}, {"start": "00:13:24", "end": "00:13:28", "text": "is normally how they buy it and uh so"}, {"start": "00:13:26", "end": "00:13:31", "text": "they raised 209 million. They end up"}, {"start": "00:13:28", "end": "00:13:33", "text": "diluting their stock. They added 1.73"}, {"start": "00:13:31", "end": "00:13:35", "text": "million Micro Strategy shares. So if"}, {"start": "00:13:33", "end": "00:13:37", "text": "this was a altcoin they hit enter on the"}, {"start": "00:13:35", "end": "00:13:40", "text": "keyboard and minted a bunch of tokens"}, {"start": "00:13:37", "end": "00:13:42", "text": "but this case they minted a bunch of the"}, {"start": "00:13:40", "end": "00:13:44", "text": "stock. Now, the reserve, the money, the"}, {"start": "00:13:42", "end": "00:13:46", "text": "half the money they set aside, it's"}, {"start": "00:13:44", "end": "00:13:48", "text": "going to cover dividends on it preferred"}, {"start": "00:13:46", "end": "00:13:51", "text": "shares and interest on its debt. I"}, {"start": "00:13:48", "end": "00:13:54", "text": "looked into the numbers here, Drew. We"}, {"start": "00:13:51", "end": "00:13:57", "text": "are now up to, we were higher, but you"}, {"start": "00:13:54", "end": "00:13:59", "text": "know, it was lower, $7.7 months of"}, {"start": "00:13:57", "end": "00:14:01", "text": "dividend coverage. I looked at their"}, {"start": "00:13:59", "end": "00:14:03", "text": "cash reserves. They now have $1.1"}, {"start": "00:14:01", "end": "00:14:06", "text": "billion. I looked at their annual"}, {"start": "00:14:03", "end": "00:14:08", "text": "dividends, 1.7 billion in annual"}, {"start": "00:14:06", "end": "00:14:11", "text": "dividends. I was curious. divided by 12,"}, {"start": "00:14:08", "end": "00:14:14", "text": "we get the monthly dividend. Monthly"}, {"start": "00:14:11", "end": "00:14:17", "text": "dividend, $142 million. They have to"}, {"start": "00:14:14", "end": "00:14:18", "text": "come up with this cash every single"}, {"start": "00:14:17", "end": "00:14:21", "text": "month,"}, {"start": "00:14:18", "end": "00:14:22", "text": "ostensibly forever, you know, maybe"}, {"start": "00:14:21", "end": "00:14:24", "text": "forever. They have to come up with this"}, {"start": "00:14:22", "end": "00:14:26", "text": "cash every single month because this is"}, {"start": "00:14:24", "end": "00:14:28", "text": "what they owe their shareholders for a"}, {"start": "00:14:26", "end": "00:14:30", "text": "dividend payment. So, a lot of"}, {"start": "00:14:28", "end": "00:14:32", "text": "detractors are saying, \"Hey, your"}, {"start": "00:14:30", "end": "00:14:33", "text": "monthly bill is getting a little bit"}, {"start": "00:14:32", "end": "00:14:35", "text": "high. That that interest you're paying"}, {"start": "00:14:33", "end": "00:14:37", "text": "out, that's that's getting maybe"}, {"start": "00:14:35", "end": "00:14:40", "text": "unsustainable.\" Now, I did look at uh"}, {"start": "00:14:37", "end": "00:14:41", "text": "this. This is from Quinn Thompson. It's"}, {"start": "00:14:40", "end": "00:14:44", "text": "kind of want to show maybe a different"}, {"start": "00:14:41", "end": "00:14:45", "text": "side here. Now, they're selling Micro"}, {"start": "00:14:44", "end": "00:14:49", "text": "Strategy shares that are worth 80 cents"}, {"start": "00:14:45", "end": "00:14:51", "text": "on the dollar to buy dollar bills. Is"}, {"start": "00:14:49", "end": "00:14:52", "text": "this bullish or bearish if you frame it"}, {"start": "00:14:51", "end": "00:14:54", "text": "that way?"}, {"start": "00:14:52", "end": "00:14:56", "text": ">> A good deal."}, {"start": "00:14:54", "end": "00:14:59", "text": ">> I guess so. I guess so."}, {"start": "00:14:56", "end": "00:15:01", "text": ">> Yeah. And you know, it's really if this"}, {"start": "00:14:59", "end": "00:15:03", "text": "does end up being the bounce point and"}, {"start": "00:15:01", "end": "00:15:05", "text": "Bitcoin doesn't die off, doesn't lose"}, {"start": "00:15:03", "end": "00:15:08", "text": "the narrative, and keeps growing as a"}, {"start": "00:15:05", "end": "00:15:10", "text": "network in the long term, I mean, it's"}, {"start": "00:15:08", "end": "00:15:14", "text": "it's going to be they're getting near a"}, {"start": "00:15:10", "end": "00:15:16", "text": "million Bitcoin, right? So, if the"}, {"start": "00:15:14", "end": "00:15:17", "text": "ground stays steady on Bitcoin, which I"}, {"start": "00:15:16", "end": "00:15:18", "text": "do think it will, then I think that"}, {"start": "00:15:17", "end": "00:15:20", "text": "they're actually going to do pretty well"}, {"start": "00:15:18", "end": "00:15:23", "text": "in the long term. It's"}, {"start": "00:15:20", "end": "00:15:25", "text": ">> I I just can't stand they have those"}, {"start": "00:15:23", "end": "00:15:26", "text": "dividend obligations. I know. But"}, {"start": "00:15:25", "end": "00:15:27", "text": ">> how how are they going to come up with"}, {"start": "00:15:26", "end": "00:15:28", "text": "the cash? Do they just dilute the stock"}, {"start": "00:15:27", "end": "00:15:30", "text": "forever?"}, {"start": "00:15:28", "end": "00:15:34", "text": ">> Well, and it's a mechanism on"}, {"start": "00:15:30", "end": "00:15:35", "text": "traditional Wall Street's design, right?"}, {"start": "00:15:34", "end": "00:15:36", "text": "So, they're kind of using the system as"}, {"start": "00:15:35", "end": "00:15:37", "text": "it is."}, {"start": "00:15:36", "end": "00:15:38", "text": ">> I don't know what that means. It's a"}, {"start": "00:15:37", "end": "00:15:40", "text": "mechanism of Wall Street's design. I"}, {"start": "00:15:38", "end": "00:15:43", "text": "mean, I see them saying, \"I'm going to"}, {"start": "00:15:40", "end": "00:15:45", "text": "print up all these IUs and I I owe you"}, {"start": "00:15:43", "end": "00:15:48", "text": "money every single month and you give me"}, {"start": "00:15:45", "end": "00:15:49", "text": "cash.\" Once you have a pile of IUS,"}, {"start": "00:15:48", "end": "00:15:50", "text": "you're like, \"Wait a minute. I'm in"}, {"start": "00:15:49", "end": "00:15:53", "text": "trouble.\""}, {"start": "00:15:50", "end": "00:15:54", "text": ">> Yeah. The system's a facade of reality"}, {"start": "00:15:53", "end": "00:15:55", "text": "though because you have"}, {"start": "00:15:54", "end": "00:15:56", "text": ">> I mean what's another Wall Street firm"}, {"start": "00:15:55", "end": "00:15:58", "text": "doing anything like this?"}, {"start": "00:15:56", "end": "00:15:59", "text": ">> You have quadrillions of dollars in"}, {"start": "00:15:58", "end": "00:16:00", "text": "derivatives, right?"}, {"start": "00:15:59", "end": "00:16:03", "text": ">> What does that have to do with Micro"}, {"start": "00:16:00", "end": "00:16:05", "text": "Strategy's crazy amount of IUS?"}, {"start": "00:16:03", "end": "00:16:07", "text": ">> Well, in his particular situation, it's"}, {"start": "00:16:05", "end": "00:16:09", "text": "different. And I will say that it"}, {"start": "00:16:07", "end": "00:16:12", "text": "doesn't make me feel great seeing this"}, {"start": "00:16:09", "end": "00:16:14", "text": "being done, but if the value of Bitcoin"}, {"start": "00:16:12", "end": "00:16:16", "text": "doesn't collapse and they don't have a"}, {"start": "00:16:14", "end": "00:16:17", "text": "massive margin call moment, then they're"}, {"start": "00:16:16", "end": "00:16:19", "text": "probably going to be all right in the"}, {"start": "00:16:17", "end": "00:16:21", "text": "long term. Like I understand it's"}, {"start": "00:16:19", "end": "00:16:22", "text": "sketchy, but so is the federal debt. And"}, {"start": "00:16:21", "end": "00:16:23", "text": "somehow we keep pushing the federal"}, {"start": "00:16:22", "end": "00:16:25", "text": "debt."}, {"start": "00:16:23", "end": "00:16:27", "text": ">> Is there a number where okay, they have"}, {"start": "00:16:25", "end": "00:16:28", "text": "to come up with $400 million every month"}, {"start": "00:16:27", "end": "00:16:30", "text": "where you're like this is very"}, {"start": "00:16:28", "end": "00:16:32", "text": "unsustainable."}, {"start": "00:16:30", "end": "00:16:34", "text": ">> Well, if there has to be a number."}, {"start": "00:16:32", "end": "00:16:36", "text": ">> Yeah. If their reserves fell within like"}, {"start": "00:16:34", "end": "00:16:38", "text": "two months of outlook of reserves"}, {"start": "00:16:36", "end": "00:16:39", "text": "ability to pay that dividend, that's"}, {"start": "00:16:38", "end": "00:16:40", "text": "scary"}, {"start": "00:16:39", "end": "00:16:41", "text": ">> to me. Seven months is scary."}, {"start": "00:16:40", "end": "00:16:42", "text": ">> Seven months."}, {"start": "00:16:41", "end": "00:16:43", "text": ">> It used to be 20 months."}, {"start": "00:16:42", "end": "00:16:45", "text": ">> Yeah. Cuz we were looking at it last"}, {"start": "00:16:43", "end": "00:16:47", "text": "week and it was about six months left."}, {"start": "00:16:45", "end": "00:16:48", "text": "Yeah, they raised, you know, they they"}, {"start": "00:16:47", "end": "00:16:49", "text": "raised about 100 million bottom almost a"}, {"start": "00:16:48", "end": "00:16:51", "text": "month."}, {"start": "00:16:49", "end": "00:16:53", "text": ">> Mhm. Yeah. I I would think that you're"}, {"start": "00:16:51", "end": "00:16:55", "text": "looking real sketchy if you're getting"}, {"start": "00:16:53", "end": "00:16:56", "text": "down into the few months of uh bandwidth"}, {"start": "00:16:55", "end": "00:16:57", "text": "there."}, {"start": "00:16:56", "end": "00:16:59", "text": ">> All right, we're about to do altcoins."}, {"start": "00:16:57", "end": "00:17:02", "text": "We're going to look at ETH right after"}, {"start": "00:16:59", "end": "00:17:04", "text": "this comment. James Franco lookalike."}, {"start": "00:17:02", "end": "00:17:06", "text": ">> I was looking at Kill Tony. Someone said"}, {"start": "00:17:04", "end": "00:17:10", "text": "Kill Tony. I've heard James Franco"}, {"start": "00:17:06", "end": "00:17:12", "text": "before, but I never even knew who uh uh"}, {"start": "00:17:10", "end": "00:17:13", "text": "Kill Tony was. But apparently"}, {"start": "00:17:12", "end": "00:17:14", "text": ">> Tony Hinchcliffe the"}, {"start": "00:17:13", "end": "00:17:15", "text": ">> Yeah, I guess I guess I got those looks,"}, {"start": "00:17:14", "end": "00:17:17", "text": "you know,"}, {"start": "00:17:15", "end": "00:17:19", "text": ">> famous for crowd work and the Kill Tony"}, {"start": "00:17:17", "end": "00:17:21", "text": "podcast. All right, let's look at ETH"}, {"start": "00:17:19", "end": "00:17:24", "text": "first here. ETH monthly RSI, most"}, {"start": "00:17:21", "end": "00:17:26", "text": "oversold ever. More oversold than what"}, {"start": "00:17:24", "end": "00:17:29", "text": "we saw in 2018 or the 22 bare markets."}, {"start": "00:17:26", "end": "00:17:30", "text": "Insane to see. But on the bullish side,"}, {"start": "00:17:29", "end": "00:17:32", "text": "Bit Mine bought more. Remember, we were"}, {"start": "00:17:30", "end": "00:17:33", "text": "covering those buys. We're like, \"Oh, he"}, {"start": "00:17:32", "end": "00:17:34", "text": "bought more on Tuesday. He bought more"}, {"start": "00:17:33", "end": "00:17:36", "text": "on Wednesday. We're going to see what he"}, {"start": "00:17:34", "end": "00:17:39", "text": "bought total on Monday of the next"}, {"start": "00:17:36", "end": "00:17:41", "text": "week.\" Looks like they bought $135"}, {"start": "00:17:39", "end": "00:17:45", "text": "million worth of ETH. And now they have"}, {"start": "00:17:41", "end": "00:17:46", "text": "very close to 10 billion and they're"}, {"start": "00:17:45", "end": "00:17:47", "text": "still down almost 10 billion."}, {"start": "00:17:46", "end": "00:17:48", "text": ">> Yeah."}, {"start": "00:17:47", "end": "00:17:50", "text": ">> Down 50%."}, {"start": "00:17:48", "end": "00:17:52", "text": ">> So"}, {"start": "00:17:50", "end": "00:17:53", "text": "Tom Lee is down by 50%. So does that"}, {"start": "00:17:52", "end": "00:17:54", "text": "mean that essentially"}, {"start": "00:17:53", "end": "00:17:56", "text": ">> I'm more bullish on Bitmine than Micro"}, {"start": "00:17:54", "end": "00:17:59", "text": "Strategy? How about that?"}, {"start": "00:17:56", "end": "00:18:01", "text": ">> So ETH has to breach around 3K a piece"}, {"start": "00:17:59", "end": "00:18:02", "text": "at the current amount of ETH that they"}, {"start": "00:18:01", "end": "00:18:05", "text": "have to basically break."}, {"start": "00:18:02", "end": "00:18:06", "text": ">> Yeah. Basically doubles. So 3600."}, {"start": "00:18:05", "end": "00:18:08", "text": ">> Okay. 3600."}, {"start": "00:18:06", "end": "00:18:11", "text": ">> Yeah. I mean I think ETH is capable of"}, {"start": "00:18:08", "end": "00:18:14", "text": "that. It's been, you know, ETH on the"}, {"start": "00:18:11", "end": "00:18:17", "text": "long-term chart, I think we only beat"}, {"start": "00:18:14", "end": "00:18:19", "text": "the old all-time high by about $20 or"}, {"start": "00:18:17", "end": "00:18:24", "text": "something ridiculous. So, it barely"}, {"start": "00:18:19", "end": "00:18:27", "text": "eaked past the all-time high at 2021,"}, {"start": "00:18:24", "end": "00:18:29", "text": "but it's still infrastructurally strong"}, {"start": "00:18:27", "end": "00:18:31", "text": "and there's going to be global payment,"}, {"start": "00:18:29", "end": "00:18:32", "text": "you know, infrastructure rolled out. A"}, {"start": "00:18:31", "end": "00:18:33", "text": "lot of the things that I think are"}, {"start": "00:18:32", "end": "00:18:35", "text": "actually going to die are the"}, {"start": "00:18:33", "end": "00:18:37", "text": "auxiliaries, the layer twos that were"}, {"start": "00:18:35", "end": "00:18:40", "text": "made to make ETH better because"}, {"start": "00:18:37", "end": "00:18:42", "text": ">> we don't need arbitum and optimism and"}, {"start": "00:18:40", "end": "00:18:44", "text": "line and Zeke and Yeah."}, {"start": "00:18:42", "end": "00:18:47", "text": ">> Right. So, you know, I think ETH in the"}, {"start": "00:18:44", "end": "00:18:49", "text": "long term is good, but um you know,"}, {"start": "00:18:47", "end": "00:18:51", "text": "again, kind of the same thing as Sailor."}, {"start": "00:18:49", "end": "00:18:53", "text": "I I like that Tom Lee is hammering the"}, {"start": "00:18:51", "end": "00:18:55", "text": "bare market. At least they're not"}, {"start": "00:18:53", "end": "00:18:56", "text": "walking away from these assets when all"}, {"start": "00:18:55", "end": "00:18:58", "text": "the chips are down."}, {"start": "00:18:56", "end": "00:19:01", "text": ">> At least they're not printing IUS. I owe"}, {"start": "00:18:58", "end": "00:19:02", "text": "you a monthly dividend yield every"}, {"start": "00:19:01", "end": "00:19:02", "text": "forever."}, {"start": "00:19:02", "end": "00:19:04", "text": ">> Insane."}, {"start": "00:19:02", "end": "00:19:06", "text": ">> If you see that come out, then you can"}, {"start": "00:19:04", "end": "00:19:07", "text": "kind of get worried about uh Tom. I"}, {"start": "00:19:06", "end": "00:19:09", "text": "mean, he's taking a risk."}, {"start": "00:19:07", "end": "00:19:10", "text": ">> I saw that he was looking into it."}, {"start": "00:19:09", "end": "00:19:11", "text": "Hopefully, they talk him out of it."}, {"start": "00:19:10", "end": "00:19:14", "text": ">> I know cuz we covered that last week"}, {"start": "00:19:11", "end": "00:19:15", "text": "that he was looking into it. Um but"}, {"start": "00:19:14", "end": "00:19:17", "text": "they're both taking risks, right?"}, {"start": "00:19:15", "end": "00:19:18", "text": "They're both handling."}, {"start": "00:19:17", "end": "00:19:20", "text": ">> It's a digital asset."}, {"start": "00:19:18", "end": "00:19:23", "text": ">> It's a digital asset. And that's like"}, {"start": "00:19:20", "end": "00:19:27", "text": "this cryptocurrency. Yes, it exists as"}, {"start": "00:19:23", "end": "00:19:29", "text": "it for sure is real, but it's a risk"}, {"start": "00:19:27", "end": "00:19:31", "text": "leaning into assets that are still in"}, {"start": "00:19:29", "end": "00:19:34", "text": "their growth phase. And that's where"}, {"start": "00:19:31", "end": "00:19:36", "text": "Bitcoin is. That is where Ethereum is."}, {"start": "00:19:34", "end": "00:19:38", "text": "And I like doing that for my own"}, {"start": "00:19:36", "end": "00:19:41", "text": "personal portfolio. If I'm not taking"}, {"start": "00:19:38", "end": "00:19:43", "text": "risks, I never have any big wins, right?"}, {"start": "00:19:41", "end": "00:19:45", "text": "And if you're walking away when the"}, {"start": "00:19:43", "end": "00:19:46", "text": "chips are down, then you don't get to"}, {"start": "00:19:45", "end": "00:19:48", "text": "experience or brag about the chips being"}, {"start": "00:19:46", "end": "00:19:49", "text": "up at any point, you know?"}, {"start": "00:19:48", "end": "00:19:50", "text": ">> Yeah. High risk, high reward. All right."}, {"start": "00:19:49", "end": "00:19:52", "text": "So the level we're looking at is"}, {"start": "00:19:50", "end": "00:19:54", "text": "something we identified last week and we"}, {"start": "00:19:52", "end": "00:19:55", "text": "just said if you look at the candle body"}, {"start": "00:19:54", "end": "00:19:58", "text": "close right here and there's a little"}, {"start": "00:19:55", "end": "00:19:59", "text": "activity in 2025. I think there's some"}, {"start": "00:19:58", "end": "00:20:01", "text": "activity in 2021. We're not going to get"}, {"start": "00:19:59", "end": "00:20:02", "text": "into all that. We're just going to focus"}, {"start": "00:20:01", "end": "00:20:05", "text": "on the present here in the recent past."}, {"start": "00:20:02", "end": "00:20:07", "text": "So we drew out this area for you guys to"}, {"start": "00:20:05", "end": "00:20:09", "text": "pay attention to. So watch this level."}, {"start": "00:20:07", "end": "00:20:12", "text": "We crashed through it very quickly. Very"}, {"start": "00:20:09", "end": "00:20:14", "text": "quickly. But Drew literally look where"}, {"start": "00:20:12", "end": "00:20:16", "text": "it's hitting right now. Now, we gave you"}, {"start": "00:20:14", "end": "00:20:18", "text": "this level last week and we're coming"}, {"start": "00:20:16", "end": "00:20:21", "text": "down to it within within quarters,"}, {"start": "00:20:18", "end": "00:20:24", "text": "within dimes and nickels. So, ETH, uh,"}, {"start": "00:20:21", "end": "00:20:26", "text": "whoa, whoa, whoa, whoa. Also, looks like"}, {"start": "00:20:24", "end": "00:20:29", "text": "actually came down and retested this."}, {"start": "00:20:26", "end": "00:20:30", "text": "So, this was I alluded to this earlier."}, {"start": "00:20:29", "end": "00:20:32", "text": "I said, folks, we're going to start"}, {"start": "00:20:30", "end": "00:20:34", "text": "looking at some of these parallel ranges"}, {"start": "00:20:32", "end": "00:20:36", "text": "on some of these other coins. Some are"}, {"start": "00:20:34", "end": "00:20:38", "text": "like towards, you know, not in a healthy"}, {"start": "00:20:36", "end": "00:20:40", "text": "spot within the range. Some are like"}, {"start": "00:20:38", "end": "00:20:43", "text": "breaking out and starting to retest."}, {"start": "00:20:40", "end": "00:20:46", "text": "This is new. This is new. Looks like we"}, {"start": "00:20:43", "end": "00:20:48", "text": "did do a retest."}, {"start": "00:20:46", "end": "00:20:50", "text": "Move it a little."}, {"start": "00:20:48", "end": "00:20:51", "text": "All right. So, you see the candle bodies"}, {"start": "00:20:50", "end": "00:20:54", "text": "there hitting the wicks. Let's zoom in"}, {"start": "00:20:51", "end": "00:20:56", "text": "to say the 10-minute. Oh, yeah. That is"}, {"start": "00:20:54", "end": "00:20:58", "text": "good. I like this. I like this. Now,"}, {"start": "00:20:56", "end": "00:21:01", "text": "that's assuming"}, {"start": "00:20:58", "end": "00:21:02", "text": "Trump doesn't tweet something."}, {"start": "00:21:01", "end": "00:21:04", "text": "Probably my biggest concern would be"}, {"start": "00:21:02", "end": "00:21:06", "text": "Israel bombing the hell out of Lebanon."}, {"start": "00:21:04", "end": "00:21:07", "text": "You know, I think that could definitely"}, {"start": "00:21:06", "end": "00:21:10", "text": "derail some things here and they could,"}, {"start": "00:21:07", "end": "00:21:12", "text": "you know, I guess just moving forward"}, {"start": "00:21:10", "end": "00:21:14", "text": "here. So, there's definitely a downside"}, {"start": "00:21:12", "end": "00:21:16", "text": "effect. Maybe something pops off in the"}, {"start": "00:21:14", "end": "00:21:18", "text": "next 24 hours, but right now does look"}, {"start": "00:21:16", "end": "00:21:19", "text": "like ETH is looking pretty good."}, {"start": "00:21:18", "end": "00:21:20", "text": "Starting to bounce off this range for"}, {"start": "00:21:19", "end": "00:21:22", "text": "support."}, {"start": "00:21:20", "end": "00:21:24", "text": ">> Yeah, the I was seeing highlights of the"}, {"start": "00:21:22", "end": "00:21:26", "text": "Ethereum monthly RSI."}, {"start": "00:21:24", "end": "00:21:26", "text": ">> Oh, yeah. Let's look at that. I meant to"}, {"start": "00:21:26", "end": "00:21:28", "text": "look."}, {"start": "00:21:26", "end": "00:21:30", "text": ">> No, it's it's like it looks more"}, {"start": "00:21:28", "end": "00:21:34", "text": "oversold than it's ever been. I think it"}, {"start": "00:21:30", "end": "00:21:36", "text": "is. Um more sold than it oversold than"}, {"start": "00:21:34", "end": "00:21:38", "text": "it has has ever been. Uh,"}, {"start": "00:21:36", "end": "00:21:39", "text": ">> I mean it looks like it might I mean"}, {"start": "00:21:38", "end": "00:21:41", "text": "you're going to see different RSI, but"}, {"start": "00:21:39", "end": "00:21:43", "text": "the the textbook RSI one you get from"}, {"start": "00:21:41", "end": "00:21:45", "text": "Trading View. Uh, looks like that was"}, {"start": "00:21:43", "end": "00:21:47", "text": "CAP went a little bit lower with the"}, {"start": "00:21:45", "end": "00:21:48", "text": "Celsius collapse which was in the summer"}, {"start": "00:21:47", "end": "00:21:50", "text": "of 22."}, {"start": "00:21:48", "end": "00:21:52", "text": ">> Okay, so we're getting down there. I"}, {"start": "00:21:50", "end": "00:21:54", "text": "mean, this is the buy zone. You know, in"}, {"start": "00:21:52", "end": "00:21:57", "text": "general, this is the more exciting part"}, {"start": "00:21:54", "end": "00:21:59", "text": "for me to cover crypto because it's"}, {"start": "00:21:57", "end": "00:22:02", "text": "exciting entry points that are being"}, {"start": "00:21:59", "end": "00:22:04", "text": "developed. And really, you know, the"}, {"start": "00:22:02", "end": "00:22:07", "text": "main game plan going into the last bull"}, {"start": "00:22:04", "end": "00:22:08", "text": "market was, you know, highlighting"}, {"start": "00:22:07", "end": "00:22:10", "text": "decentralized exchanges were going to be"}, {"start": "00:22:08", "end": "00:22:12", "text": "a huge shakeup, especially companies"}, {"start": "00:22:10", "end": "00:22:13", "text": "with revenue. Look what happened with"}, {"start": "00:22:12", "end": "00:22:16", "text": "Hyperlid."}, {"start": "00:22:13", "end": "00:22:19", "text": "And, you know, the memecoin meta, it"}, {"start": "00:22:16", "end": "00:22:21", "text": "came and went, it died. But there"}, {"start": "00:22:19", "end": "00:22:22", "text": "there's always money to be made and"}, {"start": "00:22:21", "end": "00:22:23", "text": "there's always"}, {"start": "00:22:22", "end": "00:22:23", "text": ">> there's always money in the banana stand"}, {"start": "00:22:23", "end": "00:22:25", "text": "for sure."}, {"start": "00:22:23", "end": "00:22:27", "text": ">> Absolutely. You know, so it's just a"}, {"start": "00:22:25", "end": "00:22:29", "text": "change of the guard and that ETH uh"}, {"start": "00:22:27", "end": "00:22:31", "text": "performance on the hourly chart right"}, {"start": "00:22:29", "end": "00:22:33", "text": "there, Ethereum looks pretty vicious and"}, {"start": "00:22:31", "end": "00:22:35", "text": "if it can coil up and build a bull flag"}, {"start": "00:22:33", "end": "00:22:38", "text": "again, you're probably looking at a"}, {"start": "00:22:35", "end": "00:22:39", "text": "really hated rally, right? Uh can we"}, {"start": "00:22:38", "end": "00:22:41", "text": "talk about Japan's rate hike and the"}, {"start": "00:22:39", "end": "00:22:44", "text": "effect it has on the risky market? Yes."}, {"start": "00:22:41", "end": "00:22:45", "text": "So Japan as well as America is also"}, {"start": "00:22:44", "end": "00:22:47", "text": "going to make a big interest rate"}, {"start": "00:22:45", "end": "00:22:51", "text": "decision. I saw something on Japan."}, {"start": "00:22:47", "end": "00:22:52", "text": "Japan's yen is the most shorted it has"}, {"start": "00:22:51", "end": "00:22:54", "text": "been in history."}, {"start": "00:22:52", "end": "00:22:56", "text": ">> And so I think there's a lot of pe I"}, {"start": "00:22:54", "end": "00:22:58", "text": "think the bet is too consensus that"}, {"start": "00:22:56", "end": "00:23:01", "text": "Japan is going to you know create a"}, {"start": "00:22:58", "end": "00:23:02", "text": "untenable fiscal situation or you know"}, {"start": "00:23:01", "end": "00:23:04", "text": "that things are going to hit the fan and"}, {"start": "00:23:02", "end": "00:23:05", "text": "go pretty poorly."}, {"start": "00:23:04", "end": "00:23:06", "text": ">> Everybody's betting on it. So now I'm"}, {"start": "00:23:05", "end": "00:23:08", "text": "like I don't know."}, {"start": "00:23:06", "end": "00:23:09", "text": ">> Well then now they can just run it the"}, {"start": "00:23:08", "end": "00:23:10", "text": "opposite direction and liquidate the"}, {"start": "00:23:09", "end": "00:23:11", "text": "people that were trying to take the"}, {"start": "00:23:10", "end": "00:23:12", "text": "idiot trade. Right."}, {"start": "00:23:11", "end": "00:23:14", "text": ">> Yeah. Maybe the yen just needs to pop"}, {"start": "00:23:12", "end": "00:23:15", "text": "hard enough to liquidate all the"}, {"start": "00:23:14", "end": "00:23:17", "text": "currency traders. That's a good theory."}, {"start": "00:23:15", "end": "00:23:19", "text": "I I I would probably agree with that"}, {"start": "00:23:17", "end": "00:23:21", "text": "one. So that would be my take on the"}, {"start": "00:23:19", "end": "00:23:24", "text": "Japanese situation there. But I'm loving"}, {"start": "00:23:21", "end": "00:23:26", "text": "all the Asians, especially the the East"}, {"start": "00:23:24", "end": "00:23:28", "text": "Asia people coming here for the World"}, {"start": "00:23:26", "end": "00:23:30", "text": "Cup. Drew, hosting on X. There's a guy"}, {"start": "00:23:28", "end": "00:23:32", "text": "Freddy, you know, people seeing an"}, {"start": "00:23:30", "end": "00:23:35", "text": "outdoor world for the first time, seeing"}, {"start": "00:23:32", "end": "00:23:36", "text": "bies for the first time, seeing Waffle"}, {"start": "00:23:35", "end": "00:23:38", "text": "House"}, {"start": "00:23:36", "end": "00:23:39", "text": ">> for the first time. A lot of people This"}, {"start": "00:23:38", "end": "00:23:41", "text": "is blowing the European mind and the"}, {"start": "00:23:39", "end": "00:23:42", "text": "Asian mind."}, {"start": "00:23:41", "end": "00:23:44", "text": ">> They're getting a lot of views just like"}, {"start": "00:23:42", "end": "00:23:47", "text": "taking pictures of our gas stations. I"}, {"start": "00:23:44", "end": "00:23:49", "text": "wish that it was that easy for us an"}, {"start": "00:23:47", "end": "00:23:51", "text": "American uh you know kind of crypto"}, {"start": "00:23:49", "end": "00:23:52", "text": "influencer just take a picture of the"}, {"start": "00:23:51", "end": "00:23:54", "text": "local gas station. We should take a"}, {"start": "00:23:52", "end": "00:23:55", "text": "picture of boiled peanut stands, right?"}, {"start": "00:23:54", "end": "00:23:57", "text": "Maybe that would pop off."}, {"start": "00:23:55", "end": "00:23:59", "text": ">> Uh I will say I probably go ahead and"}, {"start": "00:23:57", "end": "00:24:01", "text": "close this trade on Cardano here. Uh but"}, {"start": "00:23:59", "end": "00:24:03", "text": "speaking of ZoomX and the World Cup, we"}, {"start": "00:24:01", "end": "00:24:05", "text": "are giving out World Cup tickets to the"}, {"start": "00:24:03", "end": "00:24:06", "text": "top trader. Try to get that in by"}, {"start": "00:24:05", "end": "00:24:08", "text": "Wednesday, folks, because we've got to"}, {"start": "00:24:06", "end": "00:24:10", "text": "choose a winner pretty quickly. got to"}, {"start": "00:24:08", "end": "00:24:13", "text": "think about travel and it's going to be"}, {"start": "00:24:10", "end": "00:24:15", "text": "for the I believe Sunday coming up this"}, {"start": "00:24:13", "end": "00:24:18", "text": "Sunday. So,"}, {"start": "00:24:15", "end": "00:24:21", "text": "our top ZoomX trader to the World Cup"}, {"start": "00:24:18", "end": "00:24:23", "text": ">> to the World Cup. These are like VIP"}, {"start": "00:24:21", "end": "00:24:25", "text": "$1,300 tickets."}, {"start": "00:24:23", "end": "00:24:26", "text": ">> Did you you didn't did you catch the US"}, {"start": "00:24:25", "end": "00:24:28", "text": "World Cup game?"}, {"start": "00:24:26", "end": "00:24:29", "text": ">> I don't watch soccer and I don't pretend"}, {"start": "00:24:28", "end": "00:24:30", "text": "to be into it every four years like a"}, {"start": "00:24:29", "end": "00:24:32", "text": "lot of people."}, {"start": "00:24:30", "end": "00:24:34", "text": ">> Well, my son loves it and he's real"}, {"start": "00:24:32", "end": "00:24:36", "text": "hyped about it so I turned it on and it"}, {"start": "00:24:34", "end": "00:24:39", "text": "was actually a really exciting game. It"}, {"start": "00:24:36", "end": "00:24:41", "text": "was high velocity. There was people and"}, {"start": "00:24:39", "end": "00:24:44", "text": "then the guy that faked getting kicked,"}, {"start": "00:24:41", "end": "00:24:45", "text": "he was the one that got punished for it."}, {"start": "00:24:44", "end": "00:24:46", "text": "I liked seeing that because I was so"}, {"start": "00:24:45", "end": "00:24:48", "text": "sick of seeing the fake"}, {"start": "00:24:46", "end": "00:24:49", "text": ">> the floppers. The LeBron of the soccer"}, {"start": "00:24:48", "end": "00:24:51", "text": "world."}, {"start": "00:24:49", "end": "00:24:51", "text": ">> They punish the flopper, which I like to"}, {"start": "00:24:51", "end": "00:24:52", "text": "see. I"}, {"start": "00:24:51", "end": "00:24:54", "text": ">> I will say it does seem a little bit"}, {"start": "00:24:52", "end": "00:24:56", "text": "more fast-paced because now they're"}, {"start": "00:24:54", "end": "00:24:58", "text": "taking hydration breaks for commercials."}, {"start": "00:24:56", "end": "00:24:59", "text": "Typically, the game just goes."}, {"start": "00:24:58", "end": "00:25:00", "text": ">> Yeah. And so if you're just like"}, {"start": "00:24:59", "end": "00:25:02", "text": "continuously running, you're like, you"}, {"start": "00:25:00", "end": "00:25:04", "text": "know, maybe you slow down, but if you"}, {"start": "00:25:02", "end": "00:25:06", "text": "take a 45se secondond break so they can"}, {"start": "00:25:04", "end": "00:25:08", "text": "show a a Ford commercial and some"}, {"start": "00:25:06", "end": "00:25:11", "text": "Medicaid, you know, some sort of take"}, {"start": "00:25:08", "end": "00:25:12", "text": "this pill cuz you're going to die."}, {"start": "00:25:11", "end": "00:25:14", "text": ">> Yeah. It gives them a chance to calm"}, {"start": "00:25:12", "end": "00:25:16", "text": "down, get their heart rate a little bit"}, {"start": "00:25:14", "end": "00:25:17", "text": "lower, refresh the batteries, so then"}, {"start": "00:25:16", "end": "00:25:18", "text": "they could sprint a little bit more."}, {"start": "00:25:17", "end": "00:25:20", "text": ">> Yeah. I I was watching it. I was"}, {"start": "00:25:18", "end": "00:25:22", "text": "cheering. Me and my boy had a really"}, {"start": "00:25:20", "end": "00:25:23", "text": "good time watching it. So shout out."}, {"start": "00:25:22", "end": "00:25:25", "text": "Shout out."}, {"start": "00:25:23", "end": "00:25:27", "text": ">> All right. Now, I do want to throw a"}, {"start": "00:25:25", "end": "00:25:29", "text": "couple stocks your way here. I'm"}, {"start": "00:25:27", "end": "00:25:31", "text": "probably going to buy some PayPal,"}, {"start": "00:25:29", "end": "00:25:34", "text": "folks. I didn't pull the trigger on"}, {"start": "00:25:31", "end": "00:25:38", "text": "Friday. And this is the PayPal stock."}, {"start": "00:25:34", "end": "00:25:40", "text": "PayPal down 88 85%."}, {"start": "00:25:38", "end": "00:25:43", "text": "Uh that wick right there was close to"}, {"start": "00:25:40", "end": "00:25:45", "text": "88%. Let's go to the 1 hour. You would"}, {"start": "00:25:43", "end": "00:25:47", "text": "have listened to our call on Friday. I"}, {"start": "00:25:45", "end": "00:25:49", "text": "said, \"Hey, I'm I'm looking at PayPal on"}, {"start": "00:25:47", "end": "00:25:51", "text": "Friday.\" I just I didn't do it, Drew. I"}, {"start": "00:25:49", "end": "00:25:53", "text": "just, you know, had a lot of content."}, {"start": "00:25:51", "end": "00:25:54", "text": "Oh, I remember I was in a magic. This"}, {"start": "00:25:53", "end": "00:25:55", "text": "was Thursday. This was actually"}, {"start": "00:25:54", "end": "00:25:58", "text": "Thursday. Okay. So, let's actually look"}, {"start": "00:25:55", "end": "00:26:00", "text": "at the Thursday price."}, {"start": "00:25:58", "end": "00:26:01", "text": "Thursday was actually the bottom."}, {"start": "00:26:00", "end": "00:26:03", "text": ">> Yep."}, {"start": "00:26:01", "end": "00:26:04", "text": ">> Son of a gun."}, {"start": "00:26:03", "end": "00:26:06", "text": ">> You're pretty good at what you do, dude."}, {"start": "00:26:04", "end": "00:26:07", "text": ">> I'm going to crash out. No. Well, it's"}, {"start": "00:26:06", "end": "00:26:09", "text": "like it's the stupid meme, you don't"}, {"start": "00:26:07", "end": "00:26:11", "text": "buy."}, {"start": "00:26:09", "end": "00:26:13", "text": ">> Yeah. Well, and what makes me happy is"}, {"start": "00:26:11", "end": "00:26:16", "text": "that, you know, you're out here talking"}, {"start": "00:26:13", "end": "00:26:16", "text": "about a stock that looks quite dead if"}, {"start": "00:26:16", "end": "00:26:18", "text": "you're backed up."}, {"start": "00:26:16", "end": "00:26:20", "text": ">> Oh, yeah. It looks scary. I mean, I'm"}, {"start": "00:26:18", "end": "00:26:21", "text": "like bullish here. That's It almost"}, {"start": "00:26:20", "end": "00:26:22", "text": "seems like a maniac would say that."}, {"start": "00:26:21", "end": "00:26:24", "text": ">> Those are good games,"}, {"start": "00:26:22", "end": "00:26:25", "text": ">> guys. I want to buy this. It's down"}, {"start": "00:26:24", "end": "00:26:27", "text": "only. What are you doing? I don't know."}, {"start": "00:26:25", "end": "00:26:28", "text": "It's going to turn around. He doesn't"}, {"start": "00:26:27", "end": "00:26:31", "text": "buy at pumps."}, {"start": "00:26:28", "end": "00:26:32", "text": ">> You're a busy guy, but I appreciate that"}, {"start": "00:26:31", "end": "00:26:35", "text": "your compass is not broken because"}, {"start": "00:26:32", "end": "00:26:38", "text": "that's what I take more seriously than"}, {"start": "00:26:35", "end": "00:26:40", "text": "anything is we're out here talking about"}, {"start": "00:26:38", "end": "00:26:42", "text": "the market in a really volatile market"}, {"start": "00:26:40", "end": "00:26:45", "text": "at that. And being decent in what you do"}, {"start": "00:26:42", "end": "00:26:45", "text": "matters more than uh you know, anything"}, {"start": "00:26:45", "end": "00:26:47", "text": "else. So,"}, {"start": "00:26:45", "end": "00:26:51", "text": ">> all right, let's get into the altcoins"}, {"start": "00:26:47", "end": "00:26:54", "text": "here. But one altcoin story, it's a"}, {"start": "00:26:51", "end": "00:26:56", "text": "stable coin story. It's the Trump story."}, {"start": "00:26:54", "end": "00:26:58", "text": "Did you see this? Trump link stable coin"}, {"start": "00:26:56", "end": "00:27:01", "text": "used for bonus payouts at the White"}, {"start": "00:26:58", "end": "00:27:03", "text": "House UFC contest."}, {"start": "00:27:01", "end": "00:27:05", "text": "Looks like uh they served as a partner."}, {"start": "00:27:03", "end": "00:27:08", "text": "They end up paying out another quarter"}, {"start": "00:27:05", "end": "00:27:09", "text": "million dollars for the contest that was"}, {"start": "00:27:08", "end": "00:27:10", "text": "held on the south lawn of the"}, {"start": "00:27:09", "end": "00:27:13", "text": "presidential residence just last night"}, {"start": "00:27:10", "end": "00:27:15", "text": "on President Trump's birthday. They"}, {"start": "00:27:13", "end": "00:27:17", "text": "bonuses were paid out in USD1 to"}, {"start": "00:27:15", "end": "00:27:20", "text": "fighters across the seven matches. Drew,"}, {"start": "00:27:17", "end": "00:27:21", "text": "of the seven fighters, who had a wallet"}, {"start": "00:27:20", "end": "00:27:23", "text": "ready right then and there?"}, {"start": "00:27:21", "end": "00:27:24", "text": ">> Oh god. Zero people, right?"}, {"start": "00:27:23", "end": "00:27:25", "text": ">> Zero of"}, {"start": "00:27:24", "end": "00:27:26", "text": ">> that would be my guess."}, {"start": "00:27:25", "end": "00:27:27", "text": ">> They were kind of just fumbling around"}, {"start": "00:27:26", "end": "00:27:31", "text": "trying to figure it out because it was"}, {"start": "00:27:27", "end": "00:27:32", "text": "World Liberty stable coin. So"}, {"start": "00:27:31", "end": "00:27:35", "text": ">> they're like pulling up some software"}, {"start": "00:27:32", "end": "00:27:37", "text": "like my my exchange don't even take it."}, {"start": "00:27:35", "end": "00:27:40", "text": "Trump, I'm sorry. You got any tether?"}, {"start": "00:27:37", "end": "00:27:43", "text": ">> Yeah, get off the lawn."}, {"start": "00:27:40", "end": "00:27:45", "text": ">> But it's pro crypto president, right?"}, {"start": "00:27:43", "end": "00:27:47", "text": ">> Look into that guy."}, {"start": "00:27:45", "end": "00:27:49", "text": ">> There's a one guy that uh brought up uh"}, {"start": "00:27:47", "end": "00:27:51", "text": "I don't know if I should go here on this"}, {"start": "00:27:49", "end": "00:27:54", "text": "show. I might go into it on the next"}, {"start": "00:27:51", "end": "00:27:56", "text": "show. There was a a fighter that uh I"}, {"start": "00:27:54", "end": "00:27:58", "text": "was surprised they let him give his"}, {"start": "00:27:56", "end": "00:27:59", "text": "winning speech because he brought up"}, {"start": "00:27:58", "end": "00:28:00", "text": "some"}, {"start": "00:27:59", "end": "00:28:01", "text": ">> pretty crazy."}, {"start": "00:28:00", "end": "00:28:03", "text": ">> All right, so we did have someone say,"}, {"start": "00:28:01", "end": "00:28:05", "text": "\"Look at hype. Look at towel. Look, look"}, {"start": "00:28:03", "end": "00:28:07", "text": "at some of these coins.\" Now, hype, this"}, {"start": "00:28:05", "end": "00:28:08", "text": "is that same range that we're pointing"}, {"start": "00:28:07", "end": "00:28:10", "text": "out. Look, look, you catch the bottoms"}, {"start": "00:28:08", "end": "00:28:11", "text": "here. Now, hype actually dipped a little"}, {"start": "00:28:10", "end": "00:28:13", "text": "bit lower, but you see it caught it."}, {"start": "00:28:11", "end": "00:28:15", "text": "Caught it. Caught it. Caught it. Dipped"}, {"start": "00:28:13", "end": "00:28:17", "text": "a little bit lower. Now, if you move"}, {"start": "00:28:15", "end": "00:28:18", "text": "this range just to the tops, you know,"}, {"start": "00:28:17", "end": "00:28:20", "text": "we're looking at a little bit of a trend"}, {"start": "00:28:18", "end": "00:28:22", "text": "line. And on the left side right here"}, {"start": "00:28:20", "end": "00:28:24", "text": "and right here you see. Okay. Boom. We"}, {"start": "00:28:22", "end": "00:28:26", "text": "come in, hit the tops. Look where"}, {"start": "00:28:24", "end": "00:28:29", "text": "Hyperliquid is. Ow. Just like that. It's"}, {"start": "00:28:26", "end": "00:28:32", "text": "already coming back. Already coming"}, {"start": "00:28:29", "end": "00:28:34", "text": "back. No. Short short retrace here for"}, {"start": "00:28:32", "end": "00:28:37", "text": "Hyperliquid. So, this one's ready to"}, {"start": "00:28:34", "end": "00:28:39", "text": "break out. We have Bitcoin"}, {"start": "00:28:37", "end": "00:28:40", "text": "not quite at the top. So, I would say"}, {"start": "00:28:39", "end": "00:28:42", "text": "Hyperlid looks a little bit more"}, {"start": "00:28:40", "end": "00:28:44", "text": "bullish, but looks more bullish than"}, {"start": "00:28:42", "end": "00:28:46", "text": "both of those. ETH. ETH right now"}, {"start": "00:28:44", "end": "00:28:49", "text": "probably looking the most bullish. But"}, {"start": "00:28:46", "end": "00:28:52", "text": "ETH does have this long-term resistance"}, {"start": "00:28:49", "end": "00:28:53", "text": "area that was just catching this range."}, {"start": "00:28:52", "end": "00:28:55", "text": "And also if you look at the 4 hours"}, {"start": "00:28:53", "end": "00:28:58", "text": "especially, you see it goes perfectly"}, {"start": "00:28:55", "end": "00:29:00", "text": "with these candle bodies. So right now"}, {"start": "00:28:58", "end": "00:29:02", "text": "ETH uh you know it's more bullish in the"}, {"start": "00:29:00", "end": "00:29:04", "text": "parallel range, but this is going to act"}, {"start": "00:29:02", "end": "00:29:06", "text": "as resistance. What else do we got? We"}, {"start": "00:29:04", "end": "00:29:08", "text": "So that's hype. We also got Salana. Look"}, {"start": "00:29:06", "end": "00:29:09", "text": "at Salana's range, Drew. This one is"}, {"start": "00:29:08", "end": "00:29:10", "text": "just hyper uppercutting out of this"}, {"start": "00:29:09", "end": "00:29:11", "text": "thing."}, {"start": "00:29:10", "end": "00:29:14", "text": ">> It's good looking. And this a lot of"}, {"start": "00:29:11", "end": "00:29:18", "text": "people are asking why Jetto is rolling."}, {"start": "00:29:14", "end": "00:29:20", "text": "uh JTO Marinade and uh what's the other"}, {"start": "00:29:18", "end": "00:29:23", "text": "one? There's a few DeFi protocols within"}, {"start": "00:29:20", "end": "00:29:27", "text": "Salana that have been beat down to"}, {"start": "00:29:23", "end": "00:29:29", "text": "basically a pulp and you know seeing"}, {"start": "00:29:27", "end": "00:29:31", "text": "these things pump really good when"}, {"start": "00:29:29", "end": "00:29:34", "text": "Salana starts to kind of outpace the"}, {"start": "00:29:31", "end": "00:29:36", "text": "others on its comeback meta is not"}, {"start": "00:29:34", "end": "00:29:38", "text": "surprising and we're really still pretty"}, {"start": "00:29:36", "end": "00:29:40", "text": "close to 70 bucks. You know, ranging"}, {"start": "00:29:38", "end": "00:29:42", "text": "between 60 to 70."}, {"start": "00:29:40", "end": "00:29:45", "text": ">> Yeah, it did slow down a little bit at"}, {"start": "00:29:42", "end": "00:29:46", "text": "our $68 range. We gave you the $68 range"}, {"start": "00:29:45", "end": "00:29:48", "text": "last week. Almost made a little bit of a"}, {"start": "00:29:46", "end": "00:29:50", "text": "head and shoulders and basically kind of"}, {"start": "00:29:48", "end": "00:29:52", "text": "completed the head and shoulders"}, {"start": "00:29:50", "end": "00:29:54", "text": "breakdown and then started to bounce way"}, {"start": "00:29:52", "end": "00:29:56", "text": "way higher here. So Salana, the next"}, {"start": "00:29:54", "end": "00:29:58", "text": "major level of resistance for Salana is"}, {"start": "00:29:56", "end": "00:30:00", "text": "going to be the $78 range. Where are we"}, {"start": "00:29:58", "end": "00:30:03", "text": "getting $78 range? Well, that's just the"}, {"start": "00:30:00", "end": "00:30:04", "text": "previous bare flag uh range here. And"}, {"start": "00:30:03", "end": "00:30:07", "text": "boom, once again going down that"}, {"start": "00:30:04", "end": "00:30:10", "text": "February 6th low on the candle body."}, {"start": "00:30:07", "end": "00:30:12", "text": "Caught the bodies. Caught the bodies."}, {"start": "00:30:10", "end": "00:30:13", "text": "Bounced right there. and then it just"}, {"start": "00:30:12", "end": "00:30:15", "text": "plummeted straight through. Now, if you"}, {"start": "00:30:13", "end": "00:30:17", "text": "go to the 1 hour, I do think you see a"}, {"start": "00:30:15", "end": "00:30:19", "text": "little bit of a that took a little bit,"}, {"start": "00:30:17", "end": "00:30:21", "text": "you know, and try to try to slow down,"}, {"start": "00:30:19", "end": "00:30:23", "text": "then just kind of fell through. Right"}, {"start": "00:30:21", "end": "00:30:24", "text": "now, that would be the next level of"}, {"start": "00:30:23", "end": "00:30:26", "text": "resistance I would keep an eye out."}, {"start": "00:30:24", "end": "00:30:28", "text": "Let's look at Cardono. You know, we did"}, {"start": "00:30:26", "end": "00:30:30", "text": "long, you caught, you saw that trade. We"}, {"start": "00:30:28", "end": "00:30:32", "text": "literally caught the bottom. What made"}, {"start": "00:30:30", "end": "00:30:35", "text": "me want to open a Cardano long right"}, {"start": "00:30:32", "end": "00:30:38", "text": "there? The answer is simple is the DZ"}, {"start": "00:30:35", "end": "00:30:40", "text": "bull div. Go to the 1 hour chart."}, {"start": "00:30:38", "end": "00:30:42", "text": "Oh, I must God, I was a DJ. I was using"}, {"start": "00:30:40", "end": "00:30:44", "text": "smaller time frames. I thought it was"}, {"start": "00:30:42", "end": "00:30:47", "text": "the 1 hour. It was the 30 minute. I saw"}, {"start": "00:30:44", "end": "00:30:49", "text": "this. I was like, I like that. I like"}, {"start": "00:30:47", "end": "00:30:51", "text": "how we're making a lower low while the"}, {"start": "00:30:49", "end": "00:30:54", "text": "RSI is making a higher low. I just aped"}, {"start": "00:30:51", "end": "00:30:56", "text": "in I actually only did a small amount of"}, {"start": "00:30:54", "end": "00:30:59", "text": "my trade. I did have more orders below,"}, {"start": "00:30:56", "end": "00:31:01", "text": "but actually did not end up mattering."}, {"start": "00:30:59", "end": "00:31:03", "text": "Also, I saw this trend line, this trend"}, {"start": "00:31:01", "end": "00:31:06", "text": "line matching a lot of trend lines for a"}, {"start": "00:31:03", "end": "00:31:07", "text": "lot of different altcoins, even Bitcoin."}, {"start": "00:31:06", "end": "00:31:09", "text": "And so, I was just like, \"All right,"}, {"start": "00:31:07", "end": "00:31:11", "text": "we're at the trend line.\" I honestly"}, {"start": "00:31:09", "end": "00:31:12", "text": "expected a wick below the trend line,"}, {"start": "00:31:11", "end": "00:31:14", "text": "Drew. That's why we didn't open the"}, {"start": "00:31:12", "end": "00:31:16", "text": "whole trade. If you go back up to the"}, {"start": "00:31:14", "end": "00:31:18", "text": "top"}, {"start": "00:31:16", "end": "00:31:21", "text": "and you can see, okay, Cardano looking"}, {"start": "00:31:18", "end": "00:31:22", "text": "bullish like ETH broke out of the range"}, {"start": "00:31:21", "end": "00:31:24", "text": "coming down. Maybe a little bit of a"}, {"start": "00:31:22", "end": "00:31:26", "text": "retest. Chat also wanted to see TA. Type"}, {"start": "00:31:24", "end": "00:31:28", "text": "in some altcoins, everybody. If you"}, {"start": "00:31:26", "end": "00:31:30", "text": "can't find the official TOAL, I always"}, {"start": "00:31:28", "end": "00:31:33", "text": "just type in Bit Tensor and then you'll"}, {"start": "00:31:30", "end": "00:31:35", "text": "see it. What are we looking at here? I"}, {"start": "00:31:33", "end": "00:31:37", "text": "haven't charted this one."}, {"start": "00:31:35", "end": "00:31:40", "text": "Okay."}, {"start": "00:31:37", "end": "00:31:42", "text": "It busted way out of its channel."}, {"start": "00:31:40", "end": "00:31:45", "text": ">> It said what channel?"}, {"start": "00:31:42", "end": "00:31:49", "text": ">> Yeah, there was um you know the Claude"}, {"start": "00:31:45", "end": "00:31:51", "text": "news about some restrictions from Claude"}, {"start": "00:31:49", "end": "00:31:54", "text": "devs about the US government uh kind of"}, {"start": "00:31:51", "end": "00:31:55", "text": "suspending access to Claude Fable 5."}, {"start": "00:31:54", "end": "00:31:58", "text": ">> Mhm."}, {"start": "00:31:55", "end": "00:32:00", "text": ">> Right after that news came, that's when"}, {"start": "00:31:58", "end": "00:32:02", "text": "you saw a major major move for TA"}, {"start": "00:32:00", "end": "00:32:04", "text": "because this is you know"}, {"start": "00:32:02", "end": "00:32:06", "text": "decentralization. Yeah. It's, you know,"}, {"start": "00:32:04", "end": "00:32:10", "text": "when you see that a government can shut"}, {"start": "00:32:06", "end": "00:32:12", "text": "down certain strong AI applications,"}, {"start": "00:32:10", "end": "00:32:15", "text": "then devs and development communities"}, {"start": "00:32:12", "end": "00:32:18", "text": "look for what tools are still available"}, {"start": "00:32:15", "end": "00:32:19", "text": "for them to use. So, you know, TA did"}, {"start": "00:32:18", "end": "00:32:22", "text": "have a nice pump. Even some of the"}, {"start": "00:32:19", "end": "00:32:24", "text": "subnetss are pumping really nicely off"}, {"start": "00:32:22", "end": "00:32:26", "text": "of this news. We are seeing some strong"}, {"start": "00:32:24", "end": "00:32:27", "text": "bear divs on the 2hour. One hour it's"}, {"start": "00:32:26", "end": "00:32:29", "text": "like, you know, we could keep printing,"}, {"start": "00:32:27", "end": "00:32:30", "text": "keep printing. You're like, why does it"}, {"start": "00:32:29", "end": "00:32:33", "text": "keep going higher? Well, you keep"}, {"start": "00:32:30", "end": "00:32:35", "text": "getting bull or bear divs. We do have it"}, {"start": "00:32:33", "end": "00:32:37", "text": "on the 4 hour. That's when it starts"}, {"start": "00:32:35", "end": "00:32:39", "text": "getting a little bit serious, Drew."}, {"start": "00:32:37", "end": "00:32:41", "text": ">> And those are strong bare divs on the"}, {"start": "00:32:39", "end": "00:32:42", "text": "two hour. I don't think it's enough data"}, {"start": "00:32:41", "end": "00:32:44", "text": "for the day. Yeah, we don't have enough,"}, {"start": "00:32:42", "end": "00:32:46", "text": "but maybe eight hour. I mean, it's"}, {"start": "00:32:44", "end": "00:32:48", "text": "starting to look pretty"}, {"start": "00:32:46", "end": "00:32:50", "text": "uh let's just say peakish. Looking a"}, {"start": "00:32:48", "end": "00:32:51", "text": "little peakish there. Well, in this in"}, {"start": "00:32:50", "end": "00:32:53", "text": "this realm of news, hidden div,"}, {"start": "00:32:51", "end": "00:32:55", "text": ">> we should probably go look at VVV"}, {"start": "00:32:53", "end": "00:32:59", "text": "because I know last week VVV came down"}, {"start": "00:32:55", "end": "00:33:02", "text": "to like 13 or 14 bucks, but then this"}, {"start": "00:32:59", "end": "00:33:04", "text": "control of AI was the the narrative of"}, {"start": "00:33:02", "end": "00:33:06", "text": "it was really heightened with the US"}, {"start": "00:33:04", "end": "00:33:09", "text": "shutting down that road into Claude's"}, {"start": "00:33:06", "end": "00:33:10", "text": "Fable. So, yeah, look at that. 16 17"}, {"start": "00:33:09", "end": "00:33:11", "text": "bucks already. Again,"}, {"start": "00:33:10", "end": "00:33:13", "text": ">> we we haven't looked at Sweet in a while"}, {"start": "00:33:11", "end": "00:33:15", "text": "either."}, {"start": "00:33:13", "end": "00:33:18", "text": ">> Yeah, VBV is trying to bounce real good"}, {"start": "00:33:15", "end": "00:33:21", "text": "off this news. Um, you know, I think"}, {"start": "00:33:18", "end": "00:33:24", "text": "that the narrative of governments"}, {"start": "00:33:21", "end": "00:33:25", "text": "flexing their control over AI and"}, {"start": "00:33:24", "end": "00:33:28", "text": "systems is actually quite bullish for"}, {"start": "00:33:25", "end": "00:33:29", "text": "crypto and decentralized focused AI"}, {"start": "00:33:28", "end": "00:33:31", "text": "systems. So,"}, {"start": "00:33:29", "end": "00:33:34", "text": ">> that'd be what I'm looking at here. We"}, {"start": "00:33:31", "end": "00:33:35", "text": "broke free, but then we retested a then"}, {"start": "00:33:34", "end": "00:33:37", "text": "bounced along. These are 1 hour candles,"}, {"start": "00:33:35", "end": "00:33:39", "text": "then fell below, came back, retested,"}, {"start": "00:33:37", "end": "00:33:42", "text": "basically retested right there. So, so"}, {"start": "00:33:39", "end": "00:33:44", "text": "I'm looking at on VVV."}, {"start": "00:33:42", "end": "00:33:46", "text": "I guess if I was to do a trade, I would"}, {"start": "00:33:44", "end": "00:33:48", "text": "wait for a retest. This this one I don't"}, {"start": "00:33:46", "end": "00:33:49", "text": "even like trading because it it just"}, {"start": "00:33:48", "end": "00:33:51", "text": "kind of does its own thing. I feel like"}, {"start": "00:33:49", "end": "00:33:54", "text": "insiders manipulate that one a little"}, {"start": "00:33:51", "end": "00:33:57", "text": "too hard for my liking."}, {"start": "00:33:54", "end": "00:33:59", "text": "There we go. This one feels like it's"}, {"start": "00:33:57", "end": "00:34:04", "text": "going to be breaking out of this range."}, {"start": "00:33:59", "end": "00:34:04", "text": "Broke that trend line right there."}, {"start": "00:34:04", "end": "00:34:08", "text": "I'll go ahead and remove this as well."}, {"start": "00:34:06", "end": "00:34:09", "text": "This one is Yeah, this one has to be"}, {"start": "00:34:08", "end": "00:34:10", "text": "smashing out of it, right? just kind of"}, {"start": "00:34:09", "end": "00:34:14", "text": "looking"}, {"start": "00:34:10", "end": "00:34:16", "text": ">> well like 50 cents is more the the place"}, {"start": "00:34:14", "end": "00:34:16", "text": "where it runs into the most turbulence"}, {"start": "00:34:16", "end": "00:34:18", "text": "I'd say."}, {"start": "00:34:16", "end": "00:34:18", "text": ">> Yeah. This one's outpumping a lot of its"}, {"start": "00:34:18", "end": "00:34:19", "text": "peers."}, {"start": "00:34:18", "end": "00:34:21", "text": ">> Yeah."}, {"start": "00:34:19", "end": "00:34:23", "text": ">> Yeah. Yeah. All those other coins are"}, {"start": "00:34:21", "end": "00:34:25", "text": "pumping like 8% 12% on the high end."}, {"start": "00:34:23", "end": "00:34:27", "text": "This one's 25%."}, {"start": "00:34:25", "end": "00:34:29", "text": ">> Yeah. And Aerod Drrome is something that"}, {"start": "00:34:27", "end": "00:34:31", "text": "is on a very short list of things that"}, {"start": "00:34:29", "end": "00:34:32", "text": "I've felt comfortable"}, {"start": "00:34:31", "end": "00:34:34", "text": ">> in tuning and cover. Yeah. I mean with"}, {"start": "00:34:32", "end": "00:34:35", "text": "the chart looking like that you're like"}, {"start": "00:34:34", "end": "00:34:37", "text": "wow is it over with?"}, {"start": "00:34:35", "end": "00:34:39", "text": ">> Yeah. This is one that just came down"}, {"start": "00:34:37", "end": "00:34:41", "text": "very very strong support. Mhm. And so 30"}, {"start": "00:34:39", "end": "00:34:45", "text": "cents was the buy zone and it's pumped"}, {"start": "00:34:41", "end": "00:34:47", "text": "what 43. So we haven't really ran away"}, {"start": "00:34:45", "end": "00:34:49", "text": "um in terms of price action on Aer"}, {"start": "00:34:47", "end": "00:34:50", "text": "Drrome. I like it. I like Aerodrome. I"}, {"start": "00:34:49", "end": "00:34:51", "text": "like what they're doing. I think it's"}, {"start": "00:34:50", "end": "00:34:54", "text": "going to be just fine and it's one of"}, {"start": "00:34:51", "end": "00:34:57", "text": "the very few ETH auxiliaries that I I'm"}, {"start": "00:34:54", "end": "00:35:01", "text": "really super bullish on. So Jasm, what"}, {"start": "00:34:57", "end": "00:35:02", "text": "is this? The Japanese Bitcoin."}, {"start": "00:35:01", "end": "00:35:05", "text": ">> People love Jasm."}, {"start": "00:35:02", "end": "00:35:06", "text": ">> They do love their Jasmi."}, {"start": "00:35:05", "end": "00:35:09", "text": "It's trying to break out, but like look"}, {"start": "00:35:06", "end": "00:35:13", "text": "how sharp these moves are."}, {"start": "00:35:09", "end": "00:35:14", "text": ">> Oh wow. That's just like textbook lower"}, {"start": "00:35:13", "end": "00:35:15", "text": "highs there, but then it started doing"}, {"start": "00:35:14", "end": "00:35:17", "text": "some higher highs."}, {"start": "00:35:15", "end": "00:35:21", "text": ">> What are we seeing on the RSI?"}, {"start": "00:35:17", "end": "00:35:23", "text": ">> RSI is starting to re reset here. Reset."}, {"start": "00:35:21", "end": "00:35:25", "text": "So yeah, it looked a little bit bearish."}, {"start": "00:35:23", "end": "00:35:27", "text": ">> Then the RSI reset. So now we're pretty"}, {"start": "00:35:25", "end": "00:35:29", "text": "neutral. I can go to the 30 minute,"}, {"start": "00:35:27", "end": "00:35:31", "text": "maybe get a little bit closer."}, {"start": "00:35:29", "end": "00:35:33", "text": "Nothing really to gleam. It's it's it's"}, {"start": "00:35:31", "end": "00:35:35", "text": "very very neutral right now. The bulls"}, {"start": "00:35:33", "end": "00:35:37", "text": "are trying to push it up, but we do have"}, {"start": "00:35:35", "end": "00:35:40", "text": "that resistance right there. Uh, what"}, {"start": "00:35:37", "end": "00:35:40", "text": "else do you guys?"}, {"start": "00:35:42", "end": "00:35:46", "text": ">> I'm scared going here. What do we"}, {"start": "00:35:44", "end": "00:35:46", "text": ">> convex? I said curvex."}, {"start": "00:35:46", "end": "00:35:48", "text": ">> Oh, okay."}, {"start": "00:35:46", "end": "00:35:51", "text": ">> Jeez. I mean, sorry I don't have 8,000"}, {"start": "00:35:48", "end": "00:35:54", "text": "of these memorized. I should have I"}, {"start": "00:35:51", "end": "00:35:54", "text": "should have remembered that"}, {"start": "00:35:56", "end": "00:36:00", "text": ">> convergence coin."}, {"start": "00:35:58", "end": "00:36:01", "text": "And I'm just honestly looking for the uh"}, {"start": "00:36:00", "end": "00:36:05", "text": "the spot crypto. So that way if I do"}, {"start": "00:36:01", "end": "00:36:05", "text": "charts on it in the future,"}, {"start": "00:36:08", "end": "00:36:14", "text": ">> Finance, huh? I have a feeling this is"}, {"start": "00:36:10", "end": "00:36:15", "text": "probably a pretty small market cap."}, {"start": "00:36:14", "end": "00:36:16", "text": ">> It probably is."}, {"start": "00:36:15", "end": "00:36:21", "text": ">> Um,"}, {"start": "00:36:16", "end": "00:36:21", "text": ">> it's also kind of in the range."}, {"start": "00:36:22", "end": "00:36:28", "text": ">> They may make it look like that."}, {"start": "00:36:26", "end": "00:36:31", "text": "Okay. A little little move to the upside"}, {"start": "00:36:28", "end": "00:36:33", "text": "here. Vchain. Oh, H bar. H bar."}, {"start": "00:36:31", "end": "00:36:36", "text": ">> I want I want you to look at Akos, too."}, {"start": "00:36:33", "end": "00:36:37", "text": "I was looking at Akos's uh chart this"}, {"start": "00:36:36", "end": "00:36:40", "text": "weekend."}, {"start": "00:36:37", "end": "00:36:43", "text": ">> Akos might be a sneaky little"}, {"start": "00:36:40", "end": "00:36:45", "text": ">> sneaky little twit I can uh buy a little"}, {"start": "00:36:43", "end": "00:36:47", "text": "bit of because I, as I said, I my greasy"}, {"start": "00:36:45", "end": "00:36:49", "text": "little altcoin buying hand is getting"}, {"start": "00:36:47", "end": "00:36:52", "text": "very frisky and it's going to be getting"}, {"start": "00:36:49", "end": "00:36:54", "text": "pretty strong in July. So,"}, {"start": "00:36:52", "end": "00:36:55", "text": ">> we gave you a little level."}, {"start": "00:36:54", "end": "00:36:58", "text": ">> What?"}, {"start": "00:36:55", "end": "00:36:59", "text": ">> PA's fake head and shoulders, knees and"}, {"start": "00:36:58", "end": "00:37:01", "text": "toes. I don't know what it all means."}, {"start": "00:36:59", "end": "00:37:03", "text": "It's human psychology when you're"}, {"start": "00:37:01", "end": "00:37:04", "text": "looking at billions of trades from"}, {"start": "00:37:03", "end": "00:37:06", "text": "millions of traders."}, {"start": "00:37:04", "end": "00:37:07", "text": ">> It's just"}, {"start": "00:37:06", "end": "00:37:08", "text": ">> it's just almost like physics at that"}, {"start": "00:37:07", "end": "00:37:10", "text": "point."}, {"start": "00:37:08", "end": "00:37:12", "text": ">> Like people who will also say, \"Well, I"}, {"start": "00:37:10", "end": "00:37:14", "text": "don't, you know, really trust TA like"}, {"start": "00:37:12", "end": "00:37:16", "text": "that.\" You'll then see them use a"}, {"start": "00:37:14", "end": "00:37:18", "text": "Fibonacci sequence. Like, you don't"}, {"start": "00:37:16", "end": "00:37:20", "text": "trust what a million traders do with"}, {"start": "00:37:18", "end": "00:37:22", "text": "human psychology, but you'll trust a"}, {"start": "00:37:20", "end": "00:37:23", "text": "flower petal. Doesn't make sense."}, {"start": "00:37:22", "end": "00:37:26", "text": "Doesn't make sense. Yeah, that's shots"}, {"start": "00:37:23", "end": "00:37:27", "text": "at Cowan. I don't care."}, {"start": "00:37:26", "end": "00:37:28", "text": ">> What do we got?"}, {"start": "00:37:27", "end": "00:37:30", "text": ">> You really pissed me off. He said, \"Oh,"}, {"start": "00:37:28", "end": "00:37:32", "text": "head and shoulders, knees and toes. What"}, {"start": "00:37:30", "end": "00:37:35", "text": "does it all mean?\""}, {"start": "00:37:32", "end": "00:37:38", "text": ">> Yeah. You know, Cowan, he catches a lot"}, {"start": "00:37:35", "end": "00:37:39", "text": "of hate. Um, generally though, his"}, {"start": "00:37:38", "end": "00:37:41", "text": "overall thesis."}, {"start": "00:37:39", "end": "00:37:42", "text": ">> Oh, yeah. His overall thesis is being"}, {"start": "00:37:41", "end": "00:37:46", "text": ">> make fun because I like the guy"}, {"start": "00:37:42", "end": "00:37:49", "text": ">> in being heavier in Bitcoin helps you"}, {"start": "00:37:46", "end": "00:37:51", "text": "navigate these risks options in altcoins"}, {"start": "00:37:49", "end": "00:37:54", "text": "in a much more healthy way. Right. I I"}, {"start": "00:37:51", "end": "00:37:57", "text": "really feel like I've done a bad job of"}, {"start": "00:37:54", "end": "00:38:01", "text": "really driving that that point home of"}, {"start": "00:37:57", "end": "00:38:04", "text": "the weight of Bitcoin in my portfolio"}, {"start": "00:38:01", "end": "00:38:08", "text": "far exceeding altcoins helps me navigate"}, {"start": "00:38:04", "end": "00:38:10", "text": "these risk plays much easier, right? Um"}, {"start": "00:38:08", "end": "00:38:13", "text": ">> actually might be in it. Depends on how"}, {"start": "00:38:10", "end": "00:38:15", "text": "you draw it. I think that's okay."}, {"start": "00:38:13", "end": "00:38:17", "text": "Actually has more room to the upside. Uh"}, {"start": "00:38:15", "end": "00:38:18", "text": "you said Akos."}, {"start": "00:38:17", "end": "00:38:22", "text": ">> Yeah, I was looking at AOS this week."}, {"start": "00:38:18", "end": "00:38:24", "text": "It's an AI play. Um, generally like the"}, {"start": "00:38:22", "end": "00:38:27", "text": "chart if you're looking at like this"}, {"start": "00:38:24", "end": "00:38:29", "text": "shorter term time frame is looking fun,"}, {"start": "00:38:27", "end": "00:38:31", "text": "right? You're pumping from like 50."}, {"start": "00:38:29", "end": "00:38:33", "text": ">> It fell 10%. That lets me know that the"}, {"start": "00:38:31", "end": "00:38:34", "text": "people who got in cheap are selling."}, {"start": "00:38:33", "end": "00:38:36", "text": ">> Mhm. Um,"}, {"start": "00:38:34", "end": "00:38:38", "text": ">> yeah, people are taking profit."}, {"start": "00:38:36", "end": "00:38:40", "text": ">> I do like the general swooping pattern"}, {"start": "00:38:38", "end": "00:38:42", "text": "that it's been developing on the daily,"}, {"start": "00:38:40", "end": "00:38:45", "text": "though. And if I'm looking at it from a"}, {"start": "00:38:42", "end": "00:38:48", "text": "long-term perspective, it's actually a"}, {"start": "00:38:45", "end": "00:38:50", "text": "chart that kind of has me enticed. And"}, {"start": "00:38:48", "end": "00:38:52", "text": "it's one of those AI plays that I've"}, {"start": "00:38:50", "end": "00:38:53", "text": "been watching like I watched and I was"}, {"start": "00:38:52", "end": "00:38:55", "text": "in and out of it in the last bull"}, {"start": "00:38:53", "end": "00:38:58", "text": "market. I I made like a very small"}, {"start": "00:38:55", "end": "00:39:01", "text": "amount of money on it. Um, you know, but"}, {"start": "00:38:58", "end": "00:39:03", "text": "in general it's setting a higher low. It"}, {"start": "00:39:01", "end": "00:39:05", "text": "didn't crash down below its low that it"}, {"start": "00:39:03", "end": "00:39:08", "text": "developed"}, {"start": "00:39:05", "end": "00:39:10", "text": ">> shoulders doesn't work."}, {"start": "00:39:08", "end": "00:39:12", "text": ">> Yeah. You check it out on the weekly"}, {"start": "00:39:10", "end": "00:39:14", "text": "though. like look at it if if this chart"}, {"start": "00:39:12", "end": "00:39:17", "text": "has the data because even if the"}, {"start": "00:39:14", "end": "00:39:20", "text": "diminished all-time highs continue"}, {"start": "00:39:17", "end": "00:39:23", "text": "um you know this actually you know is an"}, {"start": "00:39:20", "end": "00:39:26", "text": "AI centric crypto project it stays"}, {"start": "00:39:23", "end": "00:39:28", "text": "focused in that realm and even just a"}, {"start": "00:39:26", "end": "00:39:30", "text": "pump to"}, {"start": "00:39:28", "end": "00:39:32", "text": "a downward trend line I mean look pull"}, {"start": "00:39:30", "end": "00:39:34", "text": "pull the trend line from the top of each"}, {"start": "00:39:32", "end": "00:39:34", "text": "of those those highs on"}, {"start": "00:39:34", "end": "00:39:37", "text": ">> right"}, {"start": "00:39:34", "end": "00:39:38", "text": ">> if you bought the top you're down 97%"}, {"start": "00:39:37", "end": "00:39:40", "text": ">> well that's why we don't top blast"}, {"start": "00:39:38", "end": "00:39:41", "text": ">> that's why you need a you would need a"}, {"start": "00:39:40", "end": "00:39:42", "text": "35x."}, {"start": "00:39:41", "end": "00:39:45", "text": ">> Yeah, you don't from the bottom."}, {"start": "00:39:42", "end": "00:39:47", "text": ">> You deserve to lose if you're buying"}, {"start": "00:39:45", "end": "00:39:48", "text": "giant green candles. Like, I will say"}, {"start": "00:39:47", "end": "00:39:50", "text": "that that's not part of the process of"}, {"start": "00:39:48", "end": "00:39:51", "text": "how I make money in altcoins."}, {"start": "00:39:50", "end": "00:39:53", "text": ">> Um,"}, {"start": "00:39:51", "end": "00:39:54", "text": ">> it's up. Yeah, it's it's tripled almost."}, {"start": "00:39:53", "end": "00:39:56", "text": "It's up almost 200%."}, {"start": "00:39:54", "end": "00:39:59", "text": ">> It's tripled, but I mean, if you're"}, {"start": "00:39:56", "end": "00:40:01", "text": "looking at the long term, a fake rally,"}, {"start": "00:39:59", "end": "00:40:05", "text": "even if it just goes and and continues"}, {"start": "00:40:01", "end": "00:40:08", "text": "this diminished highs process, it can 4"}, {"start": "00:40:05", "end": "00:40:09", "text": "1/2x and still not even hit the highs"}, {"start": "00:40:08", "end": "00:40:10", "text": "that it hit in 24."}, {"start": "00:40:09", "end": "00:40:11", "text": ">> Yeah. I mean, we're still tripled from"}, {"start": "00:40:10", "end": "00:40:14", "text": "the low right there,"}, {"start": "00:40:11", "end": "00:40:18", "text": ">> right? So, this has a lot of volatility"}, {"start": "00:40:14", "end": "00:40:19", "text": "in it. AI is staying in the narrative"}, {"start": "00:40:18", "end": "00:40:22", "text": "zeitgeist kind of deal. So,"}, {"start": "00:40:19", "end": "00:40:24", "text": ">> oh my god, memecoin ta is like"}, {"start": "00:40:22", "end": "00:40:26", "text": ">> this when I would listen to cowen head"}, {"start": "00:40:24", "end": "00:40:27", "text": "and shoulders, knees and toes. What does"}, {"start": "00:40:26", "end": "00:40:28", "text": "it all mean when we're talking about"}, {"start": "00:40:27", "end": "00:40:30", "text": "altcoins? Like,"}, {"start": "00:40:28", "end": "00:40:32", "text": ">> yeah, this is where cowen wins is when"}, {"start": "00:40:30", "end": "00:40:35", "text": "we start charting out whiff. But here we"}, {"start": "00:40:32", "end": "00:40:37", "text": "go. Oh jeez,"}, {"start": "00:40:35", "end": "00:40:40", "text": "that's nasty. All right. So, that was"}, {"start": "00:40:37", "end": "00:40:42", "text": "97% and we were laughing."}, {"start": "00:40:40", "end": "00:40:43", "text": "That's just uh ah it's actually a little"}, {"start": "00:40:42", "end": "00:40:46", "text": "bit better. 96 and a half. Let's go to"}, {"start": "00:40:43", "end": "00:40:50", "text": "the one hour chart. Let's look here."}, {"start": "00:40:46", "end": "00:40:51", "text": "Okay. Okay. Okay. Well, and look like"}, {"start": "00:40:50", "end": "00:40:53", "text": "the people that are happy and"}, {"start": "00:40:51", "end": "00:40:56", "text": "celebrating about it, they had the the"}, {"start": "00:40:53", "end": "00:40:58", "text": "coahones to buy the lows on this thing."}, {"start": "00:40:56", "end": "00:41:01", "text": "Like, you know, whiff, remember when"}, {"start": "00:40:58", "end": "00:41:03", "text": "that uh concert happened and those kids"}, {"start": "00:41:01", "end": "00:41:05", "text": "on whatever drugs they were were like"}, {"start": "00:41:03", "end": "00:41:07", "text": "mopping around the dance floor at the"}, {"start": "00:41:05", "end": "00:41:09", "text": "whiff party?"}, {"start": "00:41:07", "end": "00:41:10", "text": ">> That was the basic top. That was the top"}, {"start": "00:41:09", "end": "00:41:12", "text": "of whiff,"}, {"start": "00:41:10", "end": "00:41:14", "text": ">> you know. And then Anom didn't follow"}, {"start": "00:41:12", "end": "00:41:16", "text": "through with his little whiff on the"}, {"start": "00:41:14", "end": "00:41:17", "text": "Vegas Globe deal."}, {"start": "00:41:16", "end": "00:41:19", "text": ">> So, there you have it. That's what"}, {"start": "00:41:17", "end": "00:41:22", "text": "happens to that. I've been covering"}, {"start": "00:41:19", "end": "00:41:25", "text": "Caspo a lot, too. Yeah, I I do. Um"}, {"start": "00:41:22", "end": "00:41:27", "text": ">> pumping. It's pumping, but it's what"}, {"start": "00:41:25", "end": "00:41:30", "text": "I've noticed is that it's defending"}, {"start": "00:41:27", "end": "00:41:32", "text": "three cents pretty effectively. Even"}, {"start": "00:41:30", "end": "00:41:35", "text": "being an altcoin that a lot of people"}, {"start": "00:41:32", "end": "00:41:37", "text": "would argue is long forgotten, it's"}, {"start": "00:41:35", "end": "00:41:39", "text": "defending three cents pretty good. And"}, {"start": "00:41:37", "end": "00:41:42", "text": "uh you know, we made we we made a play"}, {"start": "00:41:39", "end": "00:41:45", "text": "into mining Caspa before the highs that"}, {"start": "00:41:42", "end": "00:41:47", "text": "were developed in 24 and the hype of the"}, {"start": "00:41:45", "end": "00:41:49", "text": "altcoin season last cycle. So,"}, {"start": "00:41:47", "end": "00:41:50", "text": ">> I tell you what, this is all the coins"}, {"start": "00:41:49", "end": "00:41:52", "text": "we've been looking at. This might be one"}, {"start": "00:41:50", "end": "00:41:54", "text": "of the better trade setups. One of the"}, {"start": "00:41:52", "end": "00:41:55", "text": "reasons why is you know we do have a"}, {"start": "00:41:54", "end": "00:41:57", "text": "parallel range but we have a way to go."}, {"start": "00:41:55", "end": "00:42:00", "text": "We have we have a long way to go. Also"}, {"start": "00:41:57", "end": "00:42:02", "text": "higher higher high nominal slightly"}, {"start": "00:42:00", "end": "00:42:05", "text": "higher high there. So we are setting in"}, {"start": "00:42:02", "end": "00:42:07", "text": "higher highs higher lows"}, {"start": "00:42:05", "end": "00:42:08", "text": "but it needs a it needs a reclaim. It"}, {"start": "00:42:07", "end": "00:42:10", "text": "needs to reclaim some bullish momentum"}, {"start": "00:42:08", "end": "00:42:12", "text": "sooner rather than later to determine"}, {"start": "00:42:10", "end": "00:42:13", "text": "that. We could go to like a 10 20 minute"}, {"start": "00:42:12", "end": "00:42:16", "text": "candles and then maybe go up from there."}, {"start": "00:42:13", "end": "00:42:18", "text": "Check this RSI."}, {"start": "00:42:16", "end": "00:42:20", "text": "Uh that looks a little bearish. Looks a"}, {"start": "00:42:18", "end": "00:42:22", "text": "little bearish."}, {"start": "00:42:20", "end": "00:42:23", "text": "It probably needs to have a little bit"}, {"start": "00:42:22", "end": "00:42:26", "text": "more pain before it starts moving to the"}, {"start": "00:42:23", "end": "00:42:28", "text": "upside. Oh, I don't know. It could keep"}, {"start": "00:42:26", "end": "00:42:30", "text": "doing hour bear divs, though. It just"}, {"start": "00:42:28", "end": "00:42:32", "text": "keep going lower and lower on the RSI or"}, {"start": "00:42:30", "end": "00:42:34", "text": "the price keeps going higher and higher."}, {"start": "00:42:32", "end": "00:42:35", "text": "I'll even maybe put in a little"}, {"start": "00:42:34", "end": "00:42:37", "text": "prediction there."}, {"start": "00:42:35", "end": "00:42:39", "text": ">> Yeah, this thing is beat down to a pulp"}, {"start": "00:42:37", "end": "00:42:42", "text": "as well, just like a lot of these decent"}, {"start": "00:42:39", "end": "00:42:43", "text": "altcoins that were that were going over."}, {"start": "00:42:42", "end": "00:42:44", "text": "And I'm not including whiff in that"}, {"start": "00:42:43", "end": "00:42:46", "text": "pile."}, {"start": "00:42:44", "end": "00:42:50", "text": ">> Does John McCain have a memecoin?"}, {"start": "00:42:46", "end": "00:42:50", "text": ">> It's proof of work. You"}, {"start": "00:42:50", "end": "00:42:53", "text": "Too soon."}, {"start": "00:42:50", "end": "00:42:58", "text": ">> Oh, too soon. Too soon, man. Too soon on"}, {"start": "00:42:53", "end": "00:43:00", "text": "that one. Um Oh, yeah. There we go. So,"}, {"start": "00:42:58", "end": "00:43:02", "text": "are What is this? No, you're looking up"}, {"start": "00:43:00", "end": "00:43:03", "text": "uh"}, {"start": "00:43:02", "end": "00:43:04", "text": "which which project are you looking up"}, {"start": "00:43:03", "end": "00:43:06", "text": "right now?"}, {"start": "00:43:04", "end": "00:43:06", "text": ">> Proof of work. Isn't that the what it's"}, {"start": "00:43:06", "end": "00:43:08", "text": "called?"}, {"start": "00:43:06", "end": "00:43:10", "text": ">> No, that's He's just highlighting proof"}, {"start": "00:43:08", "end": "00:43:13", "text": "of work as a sector like Caspa."}, {"start": "00:43:10", "end": "00:43:15", "text": ">> I thought he meant the coin."}, {"start": "00:43:13", "end": "00:43:15", "text": ">> I haven't seen a proof of work coin out"}, {"start": "00:43:15", "end": "00:43:16", "text": "there."}, {"start": "00:43:15", "end": "00:43:18", "text": ">> There's a name for everything."}, {"start": "00:43:16", "end": "00:43:21", "text": ">> Yeah, Caspa. you know, you have to use"}, {"start": "00:43:18", "end": "00:43:23", "text": "miners, ASIC miners, and you know, we"}, {"start": "00:43:21", "end": "00:43:25", "text": "were able to mine it when it was the"}, {"start": "00:43:23", "end": "00:43:28", "text": "Giten was really good on Caspa. So, that"}, {"start": "00:43:25", "end": "00:43:31", "text": "worked out well. But, you know, just"}, {"start": "00:43:28", "end": "00:43:33", "text": "back in general, Caspa has a stronger"}, {"start": "00:43:31", "end": "00:43:36", "text": "floor than most of these altcoins do."}, {"start": "00:43:33", "end": "00:43:37", "text": "And the long-term chart looks like I'm"}, {"start": "00:43:36", "end": "00:43:40", "text": "actually, you know, over the next few"}, {"start": "00:43:37", "end": "00:43:41", "text": "months, if that money flow pattern that"}, {"start": "00:43:40", "end": "00:43:43", "text": "I'm looking for to continue on Bitcoin"}, {"start": "00:43:41", "end": "00:43:46", "text": "happens, then I can be buying in a"}, {"start": "00:43:43", "end": "00:43:49", "text": "generally low good entry point range."}, {"start": "00:43:46", "end": "00:43:49", "text": "Your fartcoin is outperforming all"}, {"start": "00:43:49", "end": "00:43:52", "text": "majors."}, {"start": "00:43:49", "end": "00:43:54", "text": ">> All in on Fartcoin. Oh my lord."}, {"start": "00:43:52", "end": "00:43:56", "text": ">> Uh it's about the same. Also had a 25%"}, {"start": "00:43:54", "end": "00:43:57", "text": "pump, which is about what we're seeing"}, {"start": "00:43:56", "end": "00:43:59", "text": "on the higher end there."}, {"start": "00:43:57", "end": "00:44:01", "text": ">> Yeah. All right. Well, folks, those are"}, {"start": "00:43:59", "end": "00:44:04", "text": "charts for today. I'm going to work on a"}, {"start": "00:44:01", "end": "00:44:06", "text": "video as entirely everything to do with"}, {"start": "00:44:04", "end": "00:44:08", "text": "the Bitcoin mining drop or the"}, {"start": "00:44:06", "end": "00:44:11", "text": "difficulty. The difficulty had one of"}, {"start": "00:44:08", "end": "00:44:14", "text": "the largest drops in history. And"}, {"start": "00:44:11", "end": "00:44:15", "text": "Bitcoin mining difficulty updates every"}, {"start": "00:44:14", "end": "00:44:17", "text": "two weeks. So, this isn't something that"}, {"start": "00:44:15", "end": "00:44:18", "text": "happens, you know, super infrequently,"}, {"start": "00:44:17", "end": "00:44:21", "text": "but it's not something that happens all"}, {"start": "00:44:18", "end": "00:44:24", "text": "that often either. And we're seeing like"}, {"start": "00:44:21", "end": "00:44:26", "text": "almost China bans mining levels for"}, {"start": "00:44:24", "end": "00:44:28", "text": "difficulty adjustments here. So, I'm"}, {"start": "00:44:26", "end": "00:44:30", "text": "going to look back when we see"}, {"start": "00:44:28", "end": "00:44:32", "text": "doubledigit difficulty adjustments. What"}, {"start": "00:44:30", "end": "00:44:34", "text": "does this mean for Bitcoin's price? Is"}, {"start": "00:44:32", "end": "00:44:35", "text": "that a Bitcoin bottom? Make sure you"}, {"start": "00:44:34", "end": "00:44:36", "text": "stay tuned. Hit the like button on the"}, {"start": "00:44:35", "end": "00:44:38", "text": "way out. Make sure you're subscribed. It"}, {"start": "00:44:36", "end": "00:44:40", "text": "really does help us out. We really do"}, {"start": "00:44:38", "end": "00:44:42", "text": "appreciate it. And I'll tell you what,"}, {"start": "00:44:40", "end": "00:44:44", "text": "tonight I'll put out a short on XRP."}, {"start": "00:44:42", "end": "00:44:46", "text": "That's right. See you folks in the"}, {"start": "00:44:44", "end": "00:44:48", "text": ">> We just wanted to take a quick second to"}, {"start": "00:44:46", "end": "00:44:49", "text": "shout out our sponsor, Arculus. They are"}, {"start": "00:44:48", "end": "00:44:51", "text": "a cold storage hardware wallet. Helps"}, {"start": "00:44:49", "end": "00:44:52", "text": "you secure all of your digital assets"}, {"start": "00:44:51", "end": "00:44:54", "text": "for the future. Just tap this thing to"}, {"start": "00:44:52", "end": "00:44:55", "text": "the back of your phone and boom, you're"}, {"start": "00:44:54", "end": "00:44:57", "text": "in. We wouldn't be able to do this"}, {"start": "00:44:55", "end": "00:44:59", "text": "without them, but also wouldn't be able"}, {"start": "00:44:57", "end": "00:45:01", "text": "to do this without you guys, the Disco"}, {"start": "00:44:59", "end": "00:45:02", "text": "Fam. You've supported us a lot over the"}, {"start": "00:45:01", "end": "00:45:05", "text": "years. If you want to support the"}, {"start": "00:45:02", "end": "00:45:07", "text": "channel now, just use the code DC20. It"}, {"start": "00:45:05", "end": "00:45:09", "text": "gets you 20% off this card. It's the"}, {"start": "00:45:07", "end": "00:45:10", "text": "number one way you can support this"}, {"start": "00:45:09", "end": "00:45:14", "text": "channel going forward. Thank you for"}, {"start": "00:45:10", "end": "00:45:14", "text": "your support. We'll see you at the top."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Which one's the best crypto asset? AP's"}, {"start": "00:00:02", "end": "00:00:08", "text": "best crypto asset. Which one's the best"}, {"start": "00:00:04", "end": "00:00:09", "text": "crypto asset? AP best crypto asset."}, {"start": "00:00:08", "end": "00:00:12", "text": "Which one's the best? Which one's the"}, {"start": "00:00:09", "end": "00:00:14", "text": "best? Which one's the best? Which one's"}, {"start": "00:00:12", "end": "00:00:17", "text": "the best? Which one? Which one's the"}, {"start": "00:00:14", "end": "00:00:18", "text": "best? Which one's the best? Which one's"}, {"start": "00:00:17", "end": "00:00:21", "text": "the best? Which one's the best? Which"}, {"start": "00:00:18", "end": "00:00:22", "text": "one? Which one's the best? Which one?"}, {"start": "00:00:21", "end": "00:00:26", "text": "Best."}, {"start": "00:00:22", "end": "00:00:26", "text": ">> What's the second best?"}, {"start": "00:00:32", "end": "00:00:37", "text": "This is Discover Crypto and Zcash had a"}, {"start": "00:00:34", "end": "00:00:39", "text": "huge exploit. Is there millions of Zcash"}, {"start": "00:00:37", "end": "00:00:42", "text": "floating around? Was there a double spin"}, {"start": "00:00:39", "end": "00:00:44", "text": "bug? Aka, is it over for Zcash? We're"}, {"start": "00:00:42", "end": "00:00:47", "text": "seeing major major moves in the market,"}, {"start": "00:00:44", "end": "00:00:49", "text": "including Cardano, XRP, Salana, and of"}, {"start": "00:00:47", "end": "00:00:50", "text": "course, Bitcoin. I am joined here by"}, {"start": "00:00:49", "end": "00:00:52", "text": "Drew. Drew, how are you doing today on"}, {"start": "00:00:50", "end": "00:00:54", "text": "this wonderful Friday?"}, {"start": "00:00:52", "end": "00:00:58", "text": ">> I'm kind of enjoying the max chaos, Dy."}, {"start": "00:00:54", "end": "00:01:00", "text": "Massive exploits, blood, chaos, it's all"}, {"start": "00:00:58", "end": "00:01:02", "text": "there for us. Uh, it's another day in"}, {"start": "00:01:00", "end": "00:01:02", "text": "the bare market of crypto. It feels"}, {"start": "00:01:02", "end": "00:01:03", "text": "good, man."}, {"start": "00:01:02", "end": "00:01:05", "text": ">> All right, speaking of another day in"}, {"start": "00:01:03", "end": "00:01:09", "text": "the bare market, let's watch this short"}, {"start": "00:01:05", "end": "00:01:09", "text": "clip of Dave Portoi."}, {"start": "00:01:10", "end": "00:01:16", "text": "If people want to know, I'm panicking."}, {"start": "00:01:12", "end": "00:01:18", "text": "Like, people panic, I'm panicking."}, {"start": "00:01:16", "end": "00:01:19", "text": "And when you panic, when there's blood"}, {"start": "00:01:18", "end": "00:01:20", "text": "in the streets, that's when you buy."}, {"start": "00:01:19", "end": "00:01:21", "text": "That's when you have to have the diamond"}, {"start": "00:01:20", "end": "00:01:23", "text": "hands. That when you have to be like,"}, {"start": "00:01:21", "end": "00:01:26", "text": "\"All right, everyone else is bailing,"}, {"start": "00:01:23", "end": "00:01:29", "text": "jumping overboard.\" I'm saying crypto"}, {"start": "00:01:26", "end": "00:01:31", "text": "what it's it it it"}, {"start": "00:01:29", "end": "00:01:35", "text": "63,000"}, {"start": "00:01:31", "end": "00:01:38", "text": ">> XRP a buck 17 that's the two I own I own"}, {"start": "00:01:35", "end": "00:01:41", "text": "a ton of Bitcoin a good amount of XRP"}, {"start": "00:01:38", "end": "00:01:41", "text": "and I'm losing millions millions I'm"}, {"start": "00:01:41", "end": "00:01:42", "text": "losing millions"}, {"start": "00:01:41", "end": "00:01:45", "text": ">> millons"}, {"start": "00:01:42", "end": "00:01:47", "text": ">> I bought MSTR like couple a week ago"}, {"start": "00:01:45", "end": "00:01:50", "text": "when it was already crashing Micro"}, {"start": "00:01:47", "end": "00:01:52", "text": "Strategy I'm like all right"}, {"start": "00:01:50", "end": "00:01:54", "text": ">> is gonna I'm losing millions I'm at"}, {"start": "00:01:52", "end": "00:01:55", "text": "Saratoga the track I'm betting nothing"}, {"start": "00:01:54", "end": "00:01:56", "text": "now."}, {"start": "00:01:55", "end": "00:01:59", "text": ">> All right, that was Dave Portoy saying,"}, {"start": "00:01:56", "end": "00:02:02", "text": "\"I bought the dip. I got no money left"}, {"start": "00:01:59", "end": "00:02:04", "text": "to buy the dip.\" Drew, is this a bottom"}, {"start": "00:02:02", "end": "00:02:06", "text": "signal or a signal of more pain to come?"}, {"start": "00:02:04", "end": "00:02:08", "text": ">> You know, he's got more money to buy the"}, {"start": "00:02:06", "end": "00:02:10", "text": "dip, man. He's And it's probably more"}, {"start": "00:02:08", "end": "00:02:12", "text": "pain to come, you know? It's probably"}, {"start": "00:02:10", "end": "00:02:15", "text": "more pain to come, honestly. Like the"}, {"start": "00:02:12", "end": "00:02:16", "text": "chart looks terrible. Couple altcoins"}, {"start": "00:02:15", "end": "00:02:20", "text": "are on their way to their deathbed right"}, {"start": "00:02:16", "end": "00:02:23", "text": "now. It's looking grim. And uh XRP, you"}, {"start": "00:02:20", "end": "00:02:25", "text": "think uh the X crypto Twitter timeline"}, {"start": "00:02:23", "end": "00:02:27", "text": "was bad about Cardano? Just wait till"}, {"start": "00:02:25", "end": "00:02:27", "text": "the XRP price drops below a dollar."}, {"start": "00:02:27", "end": "00:02:30", "text": "There you go."}, {"start": "00:02:27", "end": "00:02:32", "text": ">> A$11. A$11 for XRP. Look at Salana."}, {"start": "00:02:30", "end": "00:02:36", "text": "Salana is down 7.2%. Let's go up to"}, {"start": "00:02:32", "end": "00:02:39", "text": "Bitcoin. Bitcoin is up down 5.7. ETH is"}, {"start": "00:02:36", "end": "00:02:41", "text": "down 10%. Over 10%. Double digit loss"}, {"start": "00:02:39", "end": "00:02:43", "text": "here. Wait for the ADA chart. Here we"}, {"start": "00:02:41", "end": "00:02:44", "text": "go. Here we go. You have to keep"}, {"start": "00:02:43", "end": "00:02:45", "text": "scrolling. I remember back in the day"}, {"start": "00:02:44", "end": "00:02:46", "text": "you only had to scroll about eight spots"}, {"start": "00:02:45", "end": "00:02:48", "text": "down, Drew. Yeah,"}, {"start": "00:02:46", "end": "00:02:52", "text": ">> now you have to scroll down 16 spots."}, {"start": "00:02:48", "end": "00:02:54", "text": "And Cardano down 14.4%."}, {"start": "00:02:52", "end": "00:02:56", "text": "But we talked about the Zcash exploit."}, {"start": "00:02:54", "end": "00:02:59", "text": "Why is it up 5% in the last hour?"}, {"start": "00:02:56", "end": "00:03:01", "text": ">> Uh, probably pers, you know, probably"}, {"start": "00:02:59", "end": "00:03:03", "text": "pers. Cardono think it's going to hold"}, {"start": "00:03:01", "end": "00:03:05", "text": "on to the top 20, DZ, or is it going to"}, {"start": "00:03:03", "end": "00:03:05", "text": "fall into the 20 to 30 range in the next"}, {"start": "00:03:05", "end": "00:03:07", "text": "few?"}, {"start": "00:03:05", "end": "00:03:08", "text": ">> Oh, we're I'm going to put out a video"}, {"start": "00:03:07", "end": "00:03:11", "text": "either tonight or tomorrow morning. Deep"}, {"start": "00:03:08", "end": "00:03:12", "text": "deep dive on Cardano. Uh, just a little"}, {"start": "00:03:11", "end": "00:03:14", "text": "technical analysis, but we are going to"}, {"start": "00:03:12", "end": "00:03:16", "text": "look at the Cardano charts as well."}, {"start": "00:03:14", "end": "00:03:17", "text": "Chain link down 8.1%. We have another"}, {"start": "00:03:16", "end": "00:03:20", "text": "double- digit loss here. That's going to"}, {"start": "00:03:17", "end": "00:03:22", "text": "be Bitcoin Cash and Lab token we told"}, {"start": "00:03:20", "end": "00:03:25", "text": "you stay away from now almost cut in"}, {"start": "00:03:22", "end": "00:03:28", "text": "half from $20. It is now down 34% today,"}, {"start": "00:03:25", "end": "00:03:31", "text": "trading at 11 bucks. Now, the big"}, {"start": "00:03:28", "end": "00:03:34", "text": "gainers, it is Sam Alman's AI"}, {"start": "00:03:31", "end": "00:03:35", "text": "surveillance coin, Worldcoin."}, {"start": "00:03:34", "end": "00:03:37", "text": "That is the world that we live in now."}, {"start": "00:03:35", "end": "00:03:37", "text": ">> We deserve everything that's coming for"}, {"start": "00:03:37", "end": "00:03:39", "text": "us."}, {"start": "00:03:37", "end": "00:03:41", "text": ">> All the people who put their iris up to"}, {"start": "00:03:39", "end": "00:03:43", "text": "the orbs in the city centers, you know,"}, {"start": "00:03:41", "end": "00:03:45", "text": "that is a way to qualify for free world"}, {"start": "00:03:43", "end": "00:03:48", "text": "coin. They will scan your iris and put"}, {"start": "00:03:45", "end": "00:03:50", "text": "you in a large database. Uh those people"}, {"start": "00:03:48", "end": "00:03:53", "text": "I guess are happy today. WorldCin is up"}, {"start": "00:03:50", "end": "00:03:56", "text": "5%. Just just is up 2%. Humanity is up"}, {"start": "00:03:53", "end": "00:03:58", "text": "as well. And then it's the stable coins."}, {"start": "00:03:56", "end": "00:04:05", "text": "Let's go to the big losers here. Zcash"}, {"start": "00:03:58", "end": "00:04:09", "text": "Lab Knight, Polygon, Near, ICP, Cardano,"}, {"start": "00:04:05", "end": "00:04:11", "text": "A now trading at $62. Drew,"}, {"start": "00:04:09", "end": "00:04:12", "text": ">> we might have to pull up the A chart as"}, {"start": "00:04:11", "end": "00:04:16", "text": "well. Yeah, we should look at I looked"}, {"start": "00:04:12", "end": "00:04:18", "text": "at DeFi Llama's stats on A and it is"}, {"start": "00:04:16", "end": "00:04:19", "text": "brutal. It is absolutely brutal."}, {"start": "00:04:18", "end": "00:04:21", "text": ">> Are you looking at V4? Because they have"}, {"start": "00:04:19", "end": "00:04:24", "text": "V3 and they're migrating from V3 to V4."}, {"start": "00:04:21", "end": "00:04:26", "text": ">> I I think I was looking at um I was"}, {"start": "00:04:24", "end": "00:04:28", "text": "looking at V4 and V3, I think, on DeFi"}, {"start": "00:04:26", "end": "00:04:28", "text": "Lama. Either one. I mean, it"}, {"start": "00:04:28", "end": "00:04:29", "text": ">> it didn't matter, huh?"}, {"start": "00:04:28", "end": "00:04:31", "text": ">> It didn't matter."}, {"start": "00:04:29", "end": "00:04:33", "text": ">> It did not matter. All right, folks."}, {"start": "00:04:31", "end": "00:04:34", "text": "Well, let's talk about Zcash real quick,"}, {"start": "00:04:33", "end": "00:04:34", "text": "then we'll get into the charts,"}, {"start": "00:04:34", "end": "00:04:36", "text": "everybody. We're going to look at"}, {"start": "00:04:34", "end": "00:04:38", "text": "Bitcoin. We're going to look at Cardano."}, {"start": "00:04:36", "end": "00:04:40", "text": "We're going to look at Zcash. The Zcash"}, {"start": "00:04:38", "end": "00:04:42", "text": "founder confirmed a critical orchard bud"}, {"start": "00:04:40", "end": "00:04:45", "text": "or orchard bug capable of minting"}, {"start": "00:04:42", "end": "00:04:48", "text": "unlimited counterfeit Zcash and this"}, {"start": "00:04:45", "end": "00:04:50", "text": "remained active for four years. This has"}, {"start": "00:04:48", "end": "00:04:53", "text": "been active since May of 22 until it was"}, {"start": "00:04:50", "end": "00:04:56", "text": "just patched and they use Claude with a"}, {"start": "00:04:53", "end": "00:04:57", "text": "$10 month subscription to find this"}, {"start": "00:04:56", "end": "00:04:59", "text": "multi-billion dollar potential"}, {"start": "00:04:57", "end": "00:05:01", "text": "multi-billion dollar exploit."}, {"start": "00:04:59", "end": "00:05:03", "text": ">> What a deal. Uh you think"}, {"start": "00:05:01", "end": "00:05:06", "text": ">> they say they didn't meant any tokens."}, {"start": "00:05:03", "end": "00:05:08", "text": "Yeah, they say that I would wager that"}, {"start": "00:05:06", "end": "00:05:10", "text": "tokens were indeed minted on this."}, {"start": "00:05:08", "end": "00:05:11", "text": ">> Here's the thing. You can't prove if it"}, {"start": "00:05:10", "end": "00:05:13", "text": "was minted because of the privacy"}, {"start": "00:05:11", "end": "00:05:15", "text": "features. They can literally mint"}, {"start": "00:05:13", "end": "00:05:16", "text": "shielded tokens. No one would know."}, {"start": "00:05:15", "end": "00:05:19", "text": ">> Absolutely. I mean, someone's got to"}, {"start": "00:05:16", "end": "00:05:21", "text": "fund uh the Middle East action. You"}, {"start": "00:05:19", "end": "00:05:23", "text": "know, come on now. This is a great"}, {"start": "00:05:21", "end": "00:05:25", "text": "project. Lots of liquidity was flowing"}, {"start": "00:05:23", "end": "00:05:26", "text": "into it. Great. Great."}, {"start": "00:05:25", "end": "00:05:28", "text": ">> Look at the update on Coin Gecko. Max"}, {"start": "00:05:26", "end": "00:05:31", "text": "supply."}, {"start": "00:05:28", "end": "00:05:32", "text": ">> I don't know. We'll figure it out later."}, {"start": "00:05:31", "end": "00:05:34", "text": ">> We'll figure it out later, everybody."}, {"start": "00:05:32", "end": "00:05:36", "text": "All right. Now let's uh talk about this."}, {"start": "00:05:34", "end": "00:05:37", "text": "So shielded labs uh behind the protocol"}, {"start": "00:05:36", "end": "00:05:40", "text": "here or they revealed this more about"}, {"start": "00:05:37", "end": "00:05:42", "text": "the infinite counterfeit bug for Zcash."}, {"start": "00:05:40", "end": "00:05:44", "text": "Zcash fell 30%. And so we did learn some"}, {"start": "00:05:42", "end": "00:05:46", "text": "further details that are disclosed about"}, {"start": "00:05:44", "end": "00:05:48", "text": "this counterfeiting vulnerability that"}, {"start": "00:05:46", "end": "00:05:50", "text": "could theoretically allowed a bad actor"}, {"start": "00:05:48", "end": "00:05:53", "text": "to mint unlimited infinity amount of"}, {"start": "00:05:50", "end": "00:05:55", "text": "Zcash. Security engineer Taylor Hornrey"}, {"start": "00:05:53", "end": "00:05:58", "text": "is that yeah Hornby here who was engaged"}, {"start": "00:05:55", "end": "00:06:01", "text": "by Shielded Labs. He discovered the bug"}, {"start": "00:05:58", "end": "00:06:04", "text": "he says just on May 29th. He disclosed"}, {"start": "00:06:01", "end": "00:06:05", "text": "it and they later deployed an emergency"}, {"start": "00:06:04", "end": "00:06:07", "text": "response to fix the vulnerability with"}, {"start": "00:06:05", "end": "00:06:09", "text": "the hard fork that was just activated"}, {"start": "00:06:07", "end": "00:06:11", "text": "two days ago. However, there are now"}, {"start": "00:06:09", "end": "00:06:14", "text": "concerns about the extent of which about"}, {"start": "00:06:11", "end": "00:06:17", "text": "this vulnerability which had existed"}, {"start": "00:06:14", "end": "00:06:19", "text": "again for 4 years which then led Zcash"}, {"start": "00:06:17", "end": "00:06:21", "text": "to fall more than 30% over the past 24"}, {"start": "00:06:19", "end": "00:06:24", "text": "hours and the market cap Drew has shrunk"}, {"start": "00:06:21", "end": "00:06:27", "text": "by $3 billion essentially overnight."}, {"start": "00:06:24", "end": "00:06:29", "text": ">> Nice. Um it can do you think it can keep"}, {"start": "00:06:27", "end": "00:06:31", "text": "dropping because people are trying to"}, {"start": "00:06:29", "end": "00:06:32", "text": "probably long the charts. Well, I mean,"}, {"start": "00:06:31", "end": "00:06:35", "text": "if you longed in the last hour, you're"}, {"start": "00:06:32", "end": "00:06:37", "text": "up 5%. If you did 25x, you more than"}, {"start": "00:06:35", "end": "00:06:39", "text": "doubled your money. You're up 125%."}, {"start": "00:06:37", "end": "00:06:41", "text": ">> Yeah. Faze had a short on this thing"}, {"start": "00:06:39", "end": "00:06:42", "text": "before it went down."}, {"start": "00:06:41", "end": "00:06:43", "text": ">> That's a good short. That's a good"}, {"start": "00:06:42", "end": "00:06:44", "text": "short. Big money was selling."}, {"start": "00:06:43", "end": "00:06:46", "text": ">> Yeah."}, {"start": "00:06:44", "end": "00:06:48", "text": ">> Arthur Hayes literally said he kind of"}, {"start": "00:06:46", "end": "00:06:49", "text": "knew about this before this was really,"}, {"start": "00:06:48", "end": "00:06:50", "text": "you know, public knowledge."}, {"start": "00:06:49", "end": "00:06:52", "text": ">> Mhm."}, {"start": "00:06:50", "end": "00:06:54", "text": ">> So, the whales the whales had learned"}, {"start": "00:06:52", "end": "00:06:55", "text": "and the whales started dumping."}, {"start": "00:06:54", "end": "00:06:58", "text": ">> Did Arthur Hayes actually talk about the"}, {"start": "00:06:55", "end": "00:06:59", "text": "bug when he disclosed he was selling?"}, {"start": "00:06:58", "end": "00:06:59", "text": "Because I think it was just he was"}, {"start": "00:06:59", "end": "00:07:01", "text": "selling, right?"}, {"start": "00:06:59", "end": "00:07:04", "text": ">> Yeah. He said uh he did say on Friday it"}, {"start": "00:07:01", "end": "00:07:05", "text": "wasn't good news. He said it's unlikely"}, {"start": "00:07:04", "end": "00:07:07", "text": "it's been illegally minted this way, but"}, {"start": "00:07:05", "end": "00:07:10", "text": "he did acknowledge, well yeah, it can't"}, {"start": "00:07:07", "end": "00:07:12", "text": "formally be proved impossible. That's"}, {"start": "00:07:10", "end": "00:07:13", "text": "just a fancy way of saying well it"}, {"start": "00:07:12", "end": "00:07:15", "text": "actually might have."}, {"start": "00:07:13", "end": "00:07:17", "text": ">> Yeah, I think it was. I think it was."}, {"start": "00:07:15", "end": "00:07:18", "text": "That's just me and my, you know, guess"}, {"start": "00:07:17", "end": "00:07:20", "text": "about it."}, {"start": "00:07:18", "end": "00:07:22", "text": ">> He dumped his entire Zcash bag. He said,"}, {"start": "00:07:20", "end": "00:07:24", "text": "I thought you was really hurting Gainy."}, {"start": "00:07:22", "end": "00:07:26", "text": "Gainy just posted out of the post. You"}, {"start": "00:07:24", "end": "00:07:29", "text": "can literally buy Zcash and 10x your"}, {"start": "00:07:26", "end": "00:07:30", "text": "money in a few years and retire. It is"}, {"start": "00:07:29", "end": "00:07:32", "text": "that simple."}, {"start": "00:07:30", "end": "00:07:35", "text": ">> Retire your bloodline, guys. This is uh"}, {"start": "00:07:32", "end": "00:07:36", "text": "retire your bloodline from gains maybe"}, {"start": "00:07:35", "end": "00:07:40", "text": "is what he was trying to say retire"}, {"start": "00:07:36", "end": "00:07:42", "text": "about. And also David Hoffman, uh Ralph"}, {"start": "00:07:40", "end": "00:07:44", "text": "Paul, a lot of the bigs were leaning"}, {"start": "00:07:42", "end": "00:07:46", "text": "into this Zcash thing and I was getting"}, {"start": "00:07:44", "end": "00:07:49", "text": "dragged by the crowd to go look at it"}, {"start": "00:07:46", "end": "00:07:52", "text": "and go buy it. I just had no interest uh"}, {"start": "00:07:49", "end": "00:07:55", "text": "for my own personal reasons. But uh"}, {"start": "00:07:52", "end": "00:07:55", "text": "yeah, this is kind of a a day of infamy"}, {"start": "00:07:55", "end": "00:07:57", "text": "here."}, {"start": "00:07:55", "end": "00:07:59", "text": ">> Yeah. So he used Claude Opus 4.8. It was"}, {"start": "00:07:57", "end": "00:08:00", "text": "just released and he found this the day"}, {"start": "00:07:59", "end": "00:08:02", "text": "before the discovery to assist in a"}, {"start": "00:08:00", "end": "00:08:04", "text": "highly targeted review of the circuit"}, {"start": "00:08:02", "end": "00:08:07", "text": "and uh the un the components underlying"}, {"start": "00:08:04", "end": "00:08:09", "text": "the shielded pull found the exploit"}, {"start": "00:08:07", "end": "00:08:12", "text": "reported the exploit and we're being"}, {"start": "00:08:09", "end": "00:08:13", "text": "told that no Zcash was minted even"}, {"start": "00:08:12", "end": "00:08:16", "text": "though we wouldn't be able to prove it."}, {"start": "00:08:13", "end": "00:08:18", "text": ">> Sure Jan it don't pass a sniff test."}, {"start": "00:08:16", "end": "00:08:23", "text": ">> It does not. I mean there's no way that"}, {"start": "00:08:18", "end": "00:08:25", "text": "someone didn't use that. Um you know now"}, {"start": "00:08:23", "end": "00:08:27", "text": "it's just a a big question. And can it"}, {"start": "00:08:25", "end": "00:08:29", "text": "come back from losing this much uh"}, {"start": "00:08:27", "end": "00:08:30", "text": "trust? You know, it's a it's a very grim"}, {"start": "00:08:29", "end": "00:08:31", "text": "day for"}, {"start": "00:08:30", "end": "00:08:33", "text": ">> saying everything those guys like the"}, {"start": "00:08:31", "end": "00:08:34", "text": "Arthur Hayes everything Arthur Hayes"}, {"start": "00:08:33", "end": "00:08:36", "text": "talks about just crashes. Well,"}, {"start": "00:08:34", "end": "00:08:38", "text": ">> everything Gains he talks about crashes."}, {"start": "00:08:36", "end": "00:08:40", "text": ">> There are some people I was talking to"}, {"start": "00:08:38", "end": "00:08:43", "text": "that mention something really"}, {"start": "00:08:40", "end": "00:08:45", "text": "insightful. It's like every time like CZ"}, {"start": "00:08:43", "end": "00:08:49", "text": "takes to Twitter and starts talking more"}, {"start": "00:08:45", "end": "00:08:51", "text": "than he ever has or Ralph Paul or you"}, {"start": "00:08:49", "end": "00:08:54", "text": "know Arthur Hayes, usually what they're"}, {"start": "00:08:51", "end": "00:08:56", "text": "talking about in that flurry of"}, {"start": "00:08:54", "end": "00:08:58", "text": "conversation that's kicked up on X ends"}, {"start": "00:08:56", "end": "00:09:00", "text": "up crashing drastically like"}, {"start": "00:08:58", "end": "00:09:01", "text": "cataclysmically after a runup. So, you"}, {"start": "00:09:00", "end": "00:09:03", "text": "know, it's a pretty good way to stay"}, {"start": "00:09:01", "end": "00:09:06", "text": "poor if you're just trying to fade what"}, {"start": "00:09:03", "end": "00:09:08", "text": "the majors are uh you know shilling on X"}, {"start": "00:09:06", "end": "00:09:08", "text": "lines. But, you know, that's just my"}, {"start": "00:09:08", "end": "00:09:09", "text": "take on it."}, {"start": "00:09:08", "end": "00:09:11", "text": ">> All right. Well, let's look at Zcash."}, {"start": "00:09:09", "end": "00:09:13", "text": "So, right now we're looking at the"}, {"start": "00:09:11", "end": "00:09:15", "text": "February lows. Remember, a lot of tokens"}, {"start": "00:09:13", "end": "00:09:17", "text": "fell to that low on February 6. We saw"}, {"start": "00:09:15", "end": "00:09:18", "text": "it on Bitcoin. We're about to jump to"}, {"start": "00:09:17", "end": "00:09:21", "text": "the Bitcoin chart. You can see that"}, {"start": "00:09:18", "end": "00:09:23", "text": "February 6 crash. Is that uh let's Oh,"}, {"start": "00:09:21", "end": "00:09:25", "text": "it's it's the yellow line is in my way"}, {"start": "00:09:23", "end": "00:09:27", "text": "here. But yeah, you can see the February"}, {"start": "00:09:25", "end": "00:09:29", "text": "6 crash right there. So, let's go to the"}, {"start": "00:09:27", "end": "00:09:30", "text": "February 6 crash on Zcash. That is this"}, {"start": "00:09:29", "end": "00:09:33", "text": "right here. We're looking at daily"}, {"start": "00:09:30", "end": "00:09:35", "text": "candles. But Drew, you did find a little"}, {"start": "00:09:33", "end": "00:09:36", "text": "level of resistance. You can see just"}, {"start": "00:09:35", "end": "00:09:37", "text": "knocking against it, knocking against"}, {"start": "00:09:36", "end": "00:09:39", "text": "it, knocking against it, knocking"}, {"start": "00:09:37", "end": "00:09:40", "text": "against it, knocking against it. Look at"}, {"start": "00:09:39", "end": "00:09:42", "text": "all look at those candle bodies right"}, {"start": "00:09:40", "end": "00:09:44", "text": "there. Look how clean that that price"}, {"start": "00:09:42", "end": "00:09:46", "text": "action is right there."}, {"start": "00:09:44", "end": "00:09:48", "text": ">> Opening and closing literally to like"}, {"start": "00:09:46", "end": "00:09:51", "text": "the penny. And this was a strong"}, {"start": "00:09:48", "end": "00:09:52", "text": "psychological level. $250. Is that a"}, {"start": "00:09:51", "end": "00:09:55", "text": "slide up slope? But let's go to where"}, {"start": "00:09:52", "end": "00:09:56", "text": "we're at today. That was the crash right"}, {"start": "00:09:55", "end": "00:09:59", "text": "there. We could even go to the"}, {"start": "00:09:56", "end": "00:10:00", "text": "fiveminute candles. Look at that, Drew."}, {"start": "00:09:59", "end": "00:10:03", "text": ">> Nice little bounce. Nice little bounce"}, {"start": "00:10:00", "end": "00:10:04", "text": "from the February lows."}, {"start": "00:10:03", "end": "00:10:05", "text": ">> Support line."}, {"start": "00:10:04", "end": "00:10:07", "text": ">> This looks like Bitcoin's chart"}, {"start": "00:10:05", "end": "00:10:09", "text": "yesterday and then we kept dropping out"}, {"start": "00:10:07", "end": "00:10:11", "text": "of that, right? Like It looks almost"}, {"start": "00:10:09", "end": "00:10:11", "text": "exactly like the 1 hour candles for"}, {"start": "00:10:11", "end": "00:10:13", "text": "Bitcoin,"}, {"start": "00:10:11", "end": "00:10:14", "text": ">> right? Yesterday it looked it had like"}, {"start": "00:10:13", "end": "00:10:18", "text": "basically the same structure. I tried to"}, {"start": "00:10:14", "end": "00:10:19", "text": "test if 63 was the bottom. I put my stop"}, {"start": "00:10:18", "end": "00:10:22", "text": "loss in profit. So, it washed through"}, {"start": "00:10:19", "end": "00:10:24", "text": "that while I was fixing my mower and uh"}, {"start": "00:10:22", "end": "00:10:27", "text": "thankfully I I got stopped out in profit"}, {"start": "00:10:24", "end": "00:10:31", "text": "on it, but we kept dropping hard on"}, {"start": "00:10:27", "end": "00:10:33", "text": "Bitcoin out of that uh basic design. So,"}, {"start": "00:10:31", "end": "00:10:35", "text": "I wouldn't be I'm not looking for that"}, {"start": "00:10:33", "end": "00:10:37", "text": "blue line to be, you know, kind of like"}, {"start": "00:10:35", "end": "00:10:38", "text": "the land in the sand where it is able to"}, {"start": "00:10:37", "end": "00:10:40", "text": "defend itself. Like there's a lot of"}, {"start": "00:10:38", "end": "00:10:43", "text": "trust that's been lost in this thing and"}, {"start": "00:10:40", "end": "00:10:46", "text": "there's already questions about the uh"}, {"start": "00:10:43", "end": "00:10:47", "text": "was it the Zcash Foundation had a big"}, {"start": "00:10:46", "end": "00:10:48", "text": "controversy and there are some devs that"}, {"start": "00:10:47", "end": "00:10:50", "text": "left previous."}, {"start": "00:10:48", "end": "00:10:51", "text": ">> Yeah, I'll I'll leave that to you in the"}, {"start": "00:10:50", "end": "00:10:53", "text": "basement. There's a lot of controversy"}, {"start": "00:10:51", "end": "00:10:55", "text": "around the devs on Zcash. There's"}, {"start": "00:10:53", "end": "00:10:57", "text": "there's some that have intelligence"}, {"start": "00:10:55", "end": "00:10:59", "text": "community relations, you know, foreign"}, {"start": "00:10:57", "end": "00:11:01", "text": "nations and there's, you know, some some"}, {"start": "00:10:59", "end": "00:11:02", "text": "just interesting characters. I I'll just"}, {"start": "00:11:01", "end": "00:11:03", "text": "leave it at that."}, {"start": "00:11:02", "end": "00:11:05", "text": ">> And I'll get in trouble right after the"}, {"start": "00:11:03", "end": "00:11:06", "text": "show on the basement. Absolutely. We're"}, {"start": "00:11:05", "end": "00:11:08", "text": "not going to stop the conversation here."}, {"start": "00:11:06", "end": "00:11:10", "text": "So, we're going to cover it."}, {"start": "00:11:08", "end": "00:11:11", "text": ">> I'mma quietly sip my coffee as as you do"}, {"start": "00:11:10", "end": "00:11:12", "text": "that. All right, let's look at Bitcoin,"}, {"start": "00:11:11", "end": "00:11:14", "text": "everybody. Let's get into the Bitcoin"}, {"start": "00:11:12", "end": "00:11:17", "text": "charts now. What do we have here? Let's"}, {"start": "00:11:14", "end": "00:11:19", "text": "go to this. Okay, so this is the hour uh"}, {"start": "00:11:17", "end": "00:11:20", "text": "support level that we had identified"}, {"start": "00:11:19", "end": "00:11:22", "text": "yesterday. I said, keep an eye out on"}, {"start": "00:11:20", "end": "00:11:24", "text": "this level. We were talking about it."}, {"start": "00:11:22", "end": "00:11:27", "text": "Well, looks like we actually got"}, {"start": "00:11:24", "end": "00:11:28", "text": "rejected off of it at 4 a.m. This is the"}, {"start": "00:11:27", "end": "00:11:30", "text": "3:00 a.m. candle. This is the 4 a.m."}, {"start": "00:11:28", "end": "00:11:32", "text": "candle. And even the 5 a.m. candle looks"}, {"start": "00:11:30", "end": "00:11:34", "text": "like, yeah, wicked right into it. And"}, {"start": "00:11:32", "end": "00:11:36", "text": "then now we are just down. I would keep"}, {"start": "00:11:34", "end": "00:11:38", "text": "an eye out on this is the first level of"}, {"start": "00:11:36", "end": "00:11:40", "text": "support that I identified a few days ago"}, {"start": "00:11:38", "end": "00:11:42", "text": "I think in an upload. We also talked"}, {"start": "00:11:40", "end": "00:11:44", "text": "about on live stream. We also have this"}, {"start": "00:11:42", "end": "00:11:47", "text": "level down here. So keep an eye out on"}, {"start": "00:11:44", "end": "00:11:48", "text": "59,950."}, {"start": "00:11:47", "end": "00:11:51", "text": "That's just going to be really"}, {"start": "00:11:48", "end": "00:11:54", "text": "remarkably close to uh this candle right"}, {"start": "00:11:51", "end": "00:11:57", "text": "here. But also you see some activity"}, {"start": "00:11:54", "end": "00:12:00", "text": "right before we took off in 2024. This"}, {"start": "00:11:57", "end": "00:12:01", "text": "is October 2024. Uh this is going to be"}, {"start": "00:12:00", "end": "00:12:03", "text": "the second. This is going to be the"}, {"start": "00:12:01", "end": "00:12:05", "text": "11th. That was a nice line in the sand."}, {"start": "00:12:03", "end": "00:12:07", "text": "Also below this though, we do have that"}, {"start": "00:12:05", "end": "00:12:09", "text": "level at 56K. And just look at that"}, {"start": "00:12:07", "end": "00:12:10", "text": "little swing low right there. And you"}, {"start": "00:12:09", "end": "00:12:13", "text": "also see a little activity. Uh you can"}, {"start": "00:12:10", "end": "00:12:16", "text": "go back and also this daily candle runs"}, {"start": "00:12:13", "end": "00:12:18", "text": "up right to it. Wow. Looking at that"}, {"start": "00:12:16", "end": "00:12:20", "text": "right as support. So that's the levels"}, {"start": "00:12:18", "end": "00:12:21", "text": "we're looking at on Bitcoin."}, {"start": "00:12:20", "end": "00:12:23", "text": "And again, you know, I mean, we even"}, {"start": "00:12:21", "end": "00:12:25", "text": "have lower levels. Could always just"}, {"start": "00:12:23", "end": "00:12:27", "text": "entertain. What about the bare flag"}, {"start": "00:12:25", "end": "00:12:29", "text": "breakdown? That takes us all the way"}, {"start": "00:12:27", "end": "00:12:31", "text": "down to roughly 40K."}, {"start": "00:12:29", "end": "00:12:33", "text": ">> That's the big bada boom. That's what uh"}, {"start": "00:12:31", "end": "00:12:36", "text": "Crank is looking out for, you Yeah,"}, {"start": "00:12:33", "end": "00:12:38", "text": ">> I think Matty B is even lower targets"}, {"start": "00:12:36", "end": "00:12:40", "text": "than that. Um,"}, {"start": "00:12:38", "end": "00:12:42", "text": ">> he turned into cryptosavvy."}, {"start": "00:12:40", "end": "00:12:44", "text": ">> He is stuck in Canada and he has other"}, {"start": "00:12:42", "end": "00:12:45", "text": "things that are playing into his"}, {"start": "00:12:44", "end": "00:12:48", "text": "aggravation with the world at large, but"}, {"start": "00:12:45", "end": "00:12:51", "text": "I love him. I love him as a man. No homo"}, {"start": "00:12:48", "end": "00:12:53", "text": "and he's looking for 30s, you know. So,"}, {"start": "00:12:51", "end": "00:12:56", "text": "it it would Let me just ask you this. Do"}, {"start": "00:12:53", "end": "00:12:58", "text": "you think that Wall Street will lose any"}, {"start": "00:12:56", "end": "00:13:01", "text": "sort of interest in Bitcoin if it does"}, {"start": "00:12:58", "end": "00:13:03", "text": "start breaking down into that 40, god"}, {"start": "00:13:01", "end": "00:13:04", "text": "forbid, 30k range? Do you think that"}, {"start": "00:13:03", "end": "00:13:07", "text": "that's where the Wall Street interest"}, {"start": "00:13:04", "end": "00:13:09", "text": "kind of goes away?"}, {"start": "00:13:07", "end": "00:13:10", "text": ">> I I wouldn't say so. I wouldn't say so."}, {"start": "00:13:09", "end": "00:13:11", "text": "You see a lot of people saying, well,"}, {"start": "00:13:10", "end": "00:13:13", "text": "the Wall Street is just going away"}, {"start": "00:13:11", "end": "00:13:16", "text": "because they're freeing up capital."}, {"start": "00:13:13", "end": "00:13:19", "text": "Freeing up capital for SpaceX anthropic,"}, {"start": "00:13:16", "end": "00:13:20", "text": "freeing it up for Open AI. And I I think"}, {"start": "00:13:19", "end": "00:13:22", "text": "that's a that's a fair trade. There's"}, {"start": "00:13:20", "end": "00:13:25", "text": "hotter trades and I think there's the"}, {"start": "00:13:22", "end": "00:13:28", "text": "risk risky traders on Wall Street and"}, {"start": "00:13:25", "end": "00:13:29", "text": "we've seen with the ETF outflows. They"}, {"start": "00:13:28", "end": "00:13:31", "text": "were pulling out billions, Drew. They"}, {"start": "00:13:29", "end": "00:13:33", "text": "were pulling out hundreds of millions"}, {"start": "00:13:31", "end": "00:13:35", "text": "many days in a row, many weeks in a row."}, {"start": "00:13:33", "end": "00:13:36", "text": "I I think, you know, that's the majority"}, {"start": "00:13:35", "end": "00:13:39", "text": "of the sell pressure. I I think it's"}, {"start": "00:13:36", "end": "00:13:41", "text": "honestly those those ETF redemptions"}, {"start": "00:13:39", "end": "00:13:43", "text": "absolutely crush Bitcoin's price."}, {"start": "00:13:41", "end": "00:13:45", "text": ">> Yeah. And I was looking at the ETF"}, {"start": "00:13:43", "end": "00:13:46", "text": "redemptions on SOS so value yesterday."}, {"start": "00:13:45", "end": "00:13:48", "text": ">> Oh, yeah. We're going to check them,"}, {"start": "00:13:46", "end": "00:13:51", "text": "too. You know, that'll be kind of fun to"}, {"start": "00:13:48", "end": "00:13:52", "text": "see the trend of uh Bitcoin ETF sales"}, {"start": "00:13:51", "end": "00:13:53", "text": "because"}, {"start": "00:13:52", "end": "00:13:55", "text": ">> let's just jump to it. That's a great"}, {"start": "00:13:53", "end": "00:13:58", "text": "point here. Let's jump to it. So, US"}, {"start": "00:13:55", "end": "00:14:00", "text": "Bitcoin and ETH ETFs, wait a minute,"}, {"start": "00:13:58", "end": "00:14:02", "text": "they ended the record outflow streak."}, {"start": "00:14:00", "end": "00:14:03", "text": "Let's just go straight to the source. I"}, {"start": "00:14:02", "end": "00:14:05", "text": "don't even want to rely on this article"}, {"start": "00:14:03", "end": "00:14:07", "text": "here. So, we're looking at So, so Value."}, {"start": "00:14:05", "end": "00:14:08", "text": "This is where you can find the ETF news."}, {"start": "00:14:07", "end": "00:14:12", "text": "And right now, we're looking at the"}, {"start": "00:14:08", "end": "00:14:14", "text": "Bitcoin ETFs. And oh my god, I I swear"}, {"start": "00:14:12", "end": "00:14:15", "text": "to God, I hadn't checked. I did not know"}, {"start": "00:14:14", "end": "00:14:17", "text": "it was three million. That's like a"}, {"start": "00:14:15", "end": "00:14:18", "text": "little peep little."}, {"start": "00:14:17", "end": "00:14:20", "text": ">> I guess it's good."}, {"start": "00:14:18", "end": "00:14:21", "text": ">> It's good. I mean, but"}, {"start": "00:14:20", "end": "00:14:23", "text": ">> lowercase G."}, {"start": "00:14:21", "end": "00:14:25", "text": ">> The outflows have been in the hundreds"}, {"start": "00:14:23", "end": "00:14:25", "text": "of millions of dollars on a daily time"}, {"start": "00:14:25", "end": "00:14:27", "text": "frame."}, {"start": "00:14:25", "end": "00:14:28", "text": ">> ETH has to be higher, right?"}, {"start": "00:14:27", "end": "00:14:30", "text": ">> No."}, {"start": "00:14:28", "end": "00:14:33", "text": ">> Well, it said ETH broke the streak, too."}, {"start": "00:14:30", "end": "00:14:34", "text": "It It can't be lower than 3 million."}, {"start": "00:14:33", "end": "00:14:35", "text": ">> I I think it's lower."}, {"start": "00:14:34", "end": "00:14:38", "text": ">> All right. Well, let's here. Pull it up."}, {"start": "00:14:35", "end": "00:14:41", "text": "Let's Let's reveal. Three. Two. Here we"}, {"start": "00:14:38", "end": "00:14:42", "text": "go. ETH. All right. Scroll down. Oh,"}, {"start": "00:14:41", "end": "00:14:43", "text": "god. That's a That's That looks more"}, {"start": "00:14:42", "end": "00:14:44", "text": "than three."}, {"start": "00:14:43", "end": "00:14:45", "text": ">> Okay."}, {"start": "00:14:44", "end": "00:14:48", "text": ">> Okay. 19"}, {"start": "00:14:45", "end": "00:14:48", "text": ">> 19 mil. Whoa. All right, you go"}, {"start": "00:14:48", "end": "00:14:50", "text": "Ethereum."}, {"start": "00:14:48", "end": "00:14:52", "text": ">> Let's go back to Bitcoin. I just want to"}, {"start": "00:14:50", "end": "00:14:56", "text": "kind of just show the proportionality"}, {"start": "00:14:52", "end": "00:14:58", "text": ">> outflow 400 million 500 million roughly"}, {"start": "00:14:56", "end": "00:15:02", "text": "500 million 100 million 200 million 700"}, {"start": "00:14:58", "end": "00:15:05", "text": "million 300 100"}, {"start": "00:15:02", "end": "00:15:06", "text": "300 400 inflow of three."}, {"start": "00:15:05", "end": "00:15:08", "text": ">> Yeah, that's huge. I mean, we could buy"}, {"start": "00:15:06", "end": "00:15:09", "text": "a pack of smokes with that on uh you"}, {"start": "00:15:08", "end": "00:15:10", "text": "know, downtown."}, {"start": "00:15:09", "end": "00:15:13", "text": ">> All right, we got a couple others. Let's"}, {"start": "00:15:10", "end": "00:15:16", "text": "look at XRP. What do we have here? XRP"}, {"start": "00:15:13", "end": "00:15:18", "text": "with an inflow. It did break the streak"}, {"start": "00:15:16", "end": "00:15:19", "text": "yet the day before, but hey, we we did"}, {"start": "00:15:18", "end": "00:15:22", "text": "get a inflow yesterday, so that's going"}, {"start": "00:15:19", "end": "00:15:24", "text": "to be positive. Let's look at Salana."}, {"start": "00:15:22", "end": "00:15:26", "text": ">> Salana Wall Street. Oh my Oh, okay. That"}, {"start": "00:15:24", "end": "00:15:29", "text": "was thousand. That was thousand. I was"}, {"start": "00:15:26", "end": "00:15:30", "text": "about to say what? Okay, so that's only"}, {"start": "00:15:29", "end": "00:15:32", "text": "under a million. Under a million."}, {"start": "00:15:30", "end": "00:15:34", "text": "Nothing crazy. Probably more than the"}, {"start": "00:15:32", "end": "00:15:36", "text": "entire Doge ETF has. Let's look at Link."}, {"start": "00:15:34", "end": "00:15:38", "text": "There's no way Link broke the streak."}, {"start": "00:15:36", "end": "00:15:41", "text": "It's just another day of zero. And let's"}, {"start": "00:15:38", "end": "00:15:43", "text": "look at Hyperlid. Hyper Hyperlid may"}, {"start": "00:15:41", "end": "00:15:46", "text": "have broke the streak. Again, I I"}, {"start": "00:15:43", "end": "00:15:48", "text": "haven't checked."}, {"start": "00:15:46", "end": "00:15:49", "text": ">> No, huge inflow."}, {"start": "00:15:48", "end": "00:15:50", "text": ">> Yeah,"}, {"start": "00:15:49", "end": "00:15:52", "text": ">> relatively speaking. I mean, you can see"}, {"start": "00:15:50", "end": "00:15:54", "text": "yesterday's inflow right here. So, this"}, {"start": "00:15:52", "end": "00:15:55", "text": "is the one two three four fifth biggest"}, {"start": "00:15:54", "end": "00:15:57", "text": "day."}, {"start": "00:15:55", "end": "00:15:58", "text": ">> Yeah, that price would have skyrocketed"}, {"start": "00:15:57", "end": "00:16:01", "text": "past all-time highs if they weren't"}, {"start": "00:15:58", "end": "00:16:03", "text": "using algorithmic robots to buy it and"}, {"start": "00:16:01", "end": "00:16:04", "text": "OTC fashion, but at least they're buying"}, {"start": "00:16:03", "end": "00:16:06", "text": "it. So,"}, {"start": "00:16:04", "end": "00:16:09", "text": ">> are you guys ready to talk about Cardano"}, {"start": "00:16:06", "end": "00:16:11", "text": "uh Cardano's capitulation by the founder"}, {"start": "00:16:09", "end": "00:16:13", "text": "or was it? A lot of people rant because"}, {"start": "00:16:11", "end": "00:16:15", "text": "he's like, you know, there's going to be"}, {"start": "00:16:13", "end": "00:16:17", "text": "a lot of crypto companies going under."}, {"start": "00:16:15", "end": "00:16:19", "text": "Some people took that to think that he"}, {"start": "00:16:17", "end": "00:16:21", "text": "meant specifically Cardano. I think he"}, {"start": "00:16:19", "end": "00:16:23", "text": "meant the broader section. And he also,"}, {"start": "00:16:21", "end": "00:16:24", "text": "you know, just kind of said he needed a"}, {"start": "00:16:23", "end": "00:16:27", "text": "break. Some people took that as he's"}, {"start": "00:16:24", "end": "00:16:29", "text": "stepping away entirely. He's going to go"}, {"start": "00:16:27", "end": "00:16:32", "text": "just get bit by bullet ants every single"}, {"start": "00:16:29", "end": "00:16:32", "text": "day. This is what a bare market feels"}, {"start": "00:16:32", "end": "00:16:34", "text": "like."}, {"start": "00:16:32", "end": "00:16:37", "text": ">> When I was laying on the ground, I think"}, {"start": "00:16:34", "end": "00:16:40", "text": "I got bit by an Asian needle ant uh on"}, {"start": "00:16:37", "end": "00:16:42", "text": "my arm. I like they're invading Georgia"}, {"start": "00:16:40", "end": "00:16:43", "text": "and there's supposedly they can kill"}, {"start": "00:16:42", "end": "00:16:45", "text": "you. I like laid on the ground looking"}, {"start": "00:16:43", "end": "00:16:47", "text": "at the tire and I get up and I have like"}, {"start": "00:16:45", "end": "00:16:49", "text": "this. My arm is still hot from this and"}, {"start": "00:16:47", "end": "00:16:50", "text": "I have not gotten it checked out because"}, {"start": "00:16:49", "end": "00:16:52", "text": "I've been glued to the char."}, {"start": "00:16:50", "end": "00:16:55", "text": ">> Yeah, me and Drew were on the ground."}, {"start": "00:16:52", "end": "00:16:57", "text": "Pause. And we were fixing my tire of my"}, {"start": "00:16:55", "end": "00:16:59", "text": "wife's car and yeah, he he got bit"}, {"start": "00:16:57", "end": "00:17:01", "text": "viciously by by some insect. You can see"}, {"start": "00:16:59", "end": "00:17:03", "text": "the two dots, two little dots and then"}, {"start": "00:17:01", "end": "00:17:05", "text": "like almost a white circle around it. It"}, {"start": "00:17:03", "end": "00:17:07", "text": "was wild. like right like as I was"}, {"start": "00:17:05", "end": "00:17:09", "text": "driving home it got way bigger"}, {"start": "00:17:07", "end": "00:17:11", "text": ">> pupils changed it's like a werewolf's"}, {"start": "00:17:09", "end": "00:17:13", "text": ">> like an ant-Man now you know"}, {"start": "00:17:11", "end": "00:17:15", "text": ">> all right let's talk about Cardano"}, {"start": "00:17:13", "end": "00:17:17", "text": "speaking of small things that are really"}, {"start": "00:17:15", "end": "00:17:19", "text": "really tiny Cardano's price everybody"}, {"start": "00:17:17", "end": "00:17:21", "text": "Cardano founder you want someone to make"}, {"start": "00:17:19", "end": "00:17:26", "text": "ADA go back to all-time highs I'm not"}, {"start": "00:17:21", "end": "00:17:29", "text": "your person what to lead you"}, {"start": "00:17:26", "end": "00:17:31", "text": "there has to be a destination"}, {"start": "00:17:29", "end": "00:17:34", "text": "and a mutually understood reason why"}, {"start": "00:17:31", "end": "00:17:36", "text": "we're moving to that destination"}, {"start": "00:17:34", "end": "00:17:38", "text": "If you want a leader that can make the"}, {"start": "00:17:36", "end": "00:17:42", "text": "price of ADA go back up to the all-time"}, {"start": "00:17:38", "end": "00:17:45", "text": "high, I'm just not your person for that."}, {"start": "00:17:42", "end": "00:17:48", "text": "Because I've never joined this game to"}, {"start": "00:17:45", "end": "00:17:50", "text": "make cryptocurrencies more valuable."}, {"start": "00:17:48", "end": "00:17:53", "text": "I don't know how to play that game. And"}, {"start": "00:17:50", "end": "00:17:56", "text": "even if I did, the ethics behind it are"}, {"start": "00:17:53", "end": "00:17:58", "text": "deplorable. So basically saying he's not"}, {"start": "00:17:56", "end": "00:18:00", "text": "going to employ suspicious tactics to"}, {"start": "00:17:58", "end": "00:18:04", "text": "pump Cardano's price. Hire market"}, {"start": "00:18:00", "end": "00:18:06", "text": "makers. talk to Koss, you know, maybe do"}, {"start": "00:18:04", "end": "00:18:08", "text": "some of the more I would just say"}, {"start": "00:18:06", "end": "00:18:10", "text": "inorganic means of pumping a coin."}, {"start": "00:18:08", "end": "00:18:12", "text": ">> Yeah. And I looked, he's I don't think"}, {"start": "00:18:10", "end": "00:18:13", "text": "he has a billion dollars to just hammer"}, {"start": "00:18:12", "end": "00:18:14", "text": "by. Like, you know, I was kind of"}, {"start": "00:18:13", "end": "00:18:18", "text": "curious if he's still sitting at the"}, {"start": "00:18:14", "end": "00:18:22", "text": "billion dollar uh dollar holdings. He's"}, {"start": "00:18:18", "end": "00:18:24", "text": "like came out to like 500 or 700 mil of"}, {"start": "00:18:22", "end": "00:18:25", "text": "liquidity. So, I don't think he could"}, {"start": "00:18:24", "end": "00:18:26", "text": "single-handedly fix it. I wonder what"}, {"start": "00:18:25", "end": "00:18:28", "text": "he's saying."}, {"start": "00:18:26", "end": "00:18:32", "text": ">> Crank saying Charles took Ada and pulled"}, {"start": "00:18:28", "end": "00:18:35", "text": "an old yeller. Oh my"}, {"start": "00:18:32", "end": "00:18:37", "text": "rough stuff."}, {"start": "00:18:35", "end": "00:18:40", "text": ">> Oh, can Cardono recover? I mean, there"}, {"start": "00:18:37", "end": "00:18:41", "text": "is a lot of people still holding this."}, {"start": "00:18:40", "end": "00:18:44", "text": ">> Let me ask the chat. If you hold ADA"}, {"start": "00:18:41", "end": "00:18:46", "text": "right now, should you sell? Yes or no?"}, {"start": "00:18:44", "end": "00:18:48", "text": "Yes or no? What do you think, Drew?"}, {"start": "00:18:46", "end": "00:18:50", "text": "Let's go to the charts here."}, {"start": "00:18:48", "end": "00:18:52", "text": ">> I I mean, I think the selling time was a"}, {"start": "00:18:50", "end": "00:18:55", "text": "long time ago, man. Honestly, like it's"}, {"start": "00:18:52", "end": "00:18:57", "text": "it's almost like"}, {"start": "00:18:55", "end": "00:19:00", "text": "this is where"}, {"start": "00:18:57", "end": "00:19:03", "text": "the last time Cardono felt this beat"}, {"start": "00:19:00", "end": "00:19:05", "text": "down."}, {"start": "00:19:03", "end": "00:19:07", "text": "I was like, you know, it was probably 25"}, {"start": "00:19:05", "end": "00:19:09", "text": "cents or something like that and it went"}, {"start": "00:19:07", "end": "00:19:11", "text": "on a really good rally afterwards, but"}, {"start": "00:19:09", "end": "00:19:13", "text": "that was leading into a bull market. If"}, {"start": "00:19:11", "end": "00:19:15", "text": "we keep grinding in a bear, you got a"}, {"start": "00:19:13", "end": "00:19:18", "text": "long time till we can dig ourselves out"}, {"start": "00:19:15", "end": "00:19:20", "text": "of this. And it kind of feels like a lot"}, {"start": "00:19:18", "end": "00:19:22", "text": "of people are mega capitulating on this."}, {"start": "00:19:20", "end": "00:19:25", "text": "And I'm not trying to say that's what"}, {"start": "00:19:22", "end": "00:19:27", "text": "you should do or what I would do. I'm"}, {"start": "00:19:25", "end": "00:19:29", "text": "saying that I got aggravated and just"}, {"start": "00:19:27", "end": "00:19:32", "text": "had a stop loss for my ADA holdings in"}, {"start": "00:19:29", "end": "00:19:35", "text": "spot at about.7"}, {"start": "00:19:32", "end": "00:19:39", "text": "and I saw a lot of lack of action on it."}, {"start": "00:19:35", "end": "00:19:42", "text": "So right now, man, I'm kind of a den."}, {"start": "00:19:39", "end": "00:19:44", "text": "I uh do I buy this low? Is that what I"}, {"start": "00:19:42", "end": "00:19:46", "text": "do is I buy the low because a lot of"}, {"start": "00:19:44", "end": "00:19:48", "text": "people like Salana when it hit eight"}, {"start": "00:19:46", "end": "00:19:49", "text": "bucks, there's a lot of people giving up"}, {"start": "00:19:48", "end": "00:19:50", "text": "on Salana at eight bucks."}, {"start": "00:19:49", "end": "00:19:52", "text": ">> Yep."}, {"start": "00:19:50", "end": "00:19:55", "text": ">> You know, and they ended up winning"}, {"start": "00:19:52", "end": "00:19:57", "text": "good. So maybe just a a moon bag, maybe"}, {"start": "00:19:55", "end": "00:19:58", "text": "it comes back like crazy."}, {"start": "00:19:57", "end": "00:20:00", "text": ">> All right, we do have a $5 super chat."}, {"start": "00:19:58", "end": "00:20:01", "text": "Is there ADA ETF on the horizon? Should"}, {"start": "00:20:00", "end": "00:20:04", "text": "that help price in the future? There is"}, {"start": "00:20:01", "end": "00:20:07", "text": "an ADA ETF on the horizon. There's also"}, {"start": "00:20:04", "end": "00:20:09", "text": "ADA within these multibasket ED uh ETFs."}, {"start": "00:20:07", "end": "00:20:12", "text": "And you know, we we kind of paused the"}, {"start": "00:20:09", "end": "00:20:14", "text": "momentum on the Americanmade Bitcoin or,"}, {"start": "00:20:12", "end": "00:20:16", "text": "you know, the the altcoin Americanmade"}, {"start": "00:20:14", "end": "00:20:19", "text": "ETF kind of disappeared. Then there's"}, {"start": "00:20:16", "end": "00:20:21", "text": "the staking ETF. All the staking, you"}, {"start": "00:20:19", "end": "00:20:24", "text": "know, that kind of also disappeared. It"}, {"start": "00:20:21", "end": "00:20:26", "text": "it should it should, but we've seen that"}, {"start": "00:20:24", "end": "00:20:28", "text": "Wall Street doesn't buy every altcoin."}, {"start": "00:20:26", "end": "00:20:30", "text": "Doesn't buy every altcoin. So, we've"}, {"start": "00:20:28", "end": "00:20:31", "text": "seen that. I would say Avac is probably"}, {"start": "00:20:30", "end": "00:20:34", "text": "a good example of that. We can go to"}, {"start": "00:20:31", "end": "00:20:35", "text": "Avac."}, {"start": "00:20:34", "end": "00:20:38", "text": ">> I mean, yeah. Where where's the Wall"}, {"start": "00:20:35", "end": "00:20:39", "text": "Street buys? Avac is dead. I I like"}, {"start": "00:20:38", "end": "00:20:40", "text": "Avac. I have"}, {"start": "00:20:39", "end": "00:20:41", "text": ">> Dang, I didn't realize it was that bad,"}, {"start": "00:20:40", "end": "00:20:43", "text": "actually."}, {"start": "00:20:41", "end": "00:20:45", "text": ">> I have no interest in Avac."}, {"start": "00:20:43", "end": "00:20:46", "text": ">> Zero cells, though."}, {"start": "00:20:45", "end": "00:20:47", "text": ">> That's good. Like, okay, you're"}, {"start": "00:20:46", "end": "00:20:48", "text": "celebrating that no one showed up to the"}, {"start": "00:20:47", "end": "00:20:50", "text": "party for two months."}, {"start": "00:20:48", "end": "00:20:51", "text": ">> Yeah. It's like no one left the party"}, {"start": "00:20:50", "end": "00:20:52", "text": "because no one walked through the front"}, {"start": "00:20:51", "end": "00:20:53", "text": "door,"}, {"start": "00:20:52", "end": "00:20:55", "text": ">> right? We didn't lose anybody."}, {"start": "00:20:53", "end": "00:20:56", "text": ">> There's three maniacs in a in the"}, {"start": "00:20:55", "end": "00:20:57", "text": "corner."}, {"start": "00:20:56", "end": "00:20:58", "text": ">> That's the bartender."}, {"start": "00:20:57", "end": "00:21:00", "text": ">> They have AVAC tattoos."}, {"start": "00:20:58", "end": "00:21:01", "text": ">> The bartenders."}, {"start": "00:21:00", "end": "00:21:03", "text": ">> That was That was the bart that was the"}, {"start": "00:21:01", "end": "00:21:06", "text": "craft and services team. Dang it."}, {"start": "00:21:03", "end": "00:21:08", "text": ">> Yeah. I just Avac has an identity issue"}, {"start": "00:21:06", "end": "00:21:11", "text": "and kind of Cardano has an identity"}, {"start": "00:21:08", "end": "00:21:14", "text": "issue now too, right? I mean there's so"}, {"start": "00:21:11", "end": "00:21:17", "text": "many things that they've tried to do. Um"}, {"start": "00:21:14", "end": "00:21:18", "text": "so I have a stake pool and most my ADA"}, {"start": "00:21:17", "end": "00:21:20", "text": "is in my stake pool, but I sold all my"}, {"start": "00:21:18", "end": "00:21:22", "text": "ADA alts months ago. We were kind of,"}, {"start": "00:21:20", "end": "00:21:24", "text": "you know, we were talking about that"}, {"start": "00:21:22", "end": "00:21:25", "text": "told you guys I'm selling my ADA alts."}, {"start": "00:21:24", "end": "00:21:27", "text": "I'm getting out of ADA Defi and I'm just"}, {"start": "00:21:25", "end": "00:21:30", "text": "going all in on hype. Did that a while"}, {"start": "00:21:27", "end": "00:21:32", "text": "ago and I yeah should have should have"}, {"start": "00:21:30", "end": "00:21:34", "text": "sold all my ADA. They just sold all my"}, {"start": "00:21:32", "end": "00:21:35", "text": "ADA, you know, but right now, yeah, I'm"}, {"start": "00:21:34", "end": "00:21:39", "text": "not selling my ADA today."}, {"start": "00:21:35", "end": "00:21:40", "text": ">> Yeah. Like if I were insane, which I"}, {"start": "00:21:39", "end": "00:21:42", "text": "slightly am, I'd only be looking for"}, {"start": "00:21:40", "end": "00:21:43", "text": "like a pump to like 30 or 40 cents and"}, {"start": "00:21:42", "end": "00:21:47", "text": "getting out. I don't think it's going to"}, {"start": "00:21:43", "end": "00:21:49", "text": "go to, you know, a $2 mark anymore. But"}, {"start": "00:21:47", "end": "00:21:50", "text": ">> all right, so we got Crypto Crank here."}, {"start": "00:21:49", "end": "00:21:52", "text": "Prime example. I don't care if you're"}, {"start": "00:21:50", "end": "00:21:54", "text": "the creator of a token. When you're"}, {"start": "00:21:52", "end": "00:21:56", "text": "worth billions, you sell. The man's very"}, {"start": "00:21:54", "end": "00:21:58", "text": "young. He's going to be miserable the"}, {"start": "00:21:56", "end": "00:22:00", "text": "rest of his life. The only creator that"}, {"start": "00:21:58", "end": "00:22:02", "text": "did it right is Charlie Lee. Oh,"}, {"start": "00:22:00", "end": "00:22:03", "text": ">> he's absolutely right on Charlie Lee."}, {"start": "00:22:02", "end": "00:22:05", "text": ">> Charlie Lee is good."}, {"start": "00:22:03", "end": "00:22:06", "text": ">> You don't know the story of Charlie Lee?"}, {"start": "00:22:05", "end": "00:22:09", "text": "He's the creator of Litecoin and he"}, {"start": "00:22:06", "end": "00:22:10", "text": "dumped all his Litecoin for Bitcoin"}, {"start": "00:22:09", "end": "00:22:12", "text": "close to a decade ago."}, {"start": "00:22:10", "end": "00:22:13", "text": ">> Yeah, good move. Very good move."}, {"start": "00:22:12", "end": "00:22:14", "text": ">> It was a good"}, {"start": "00:22:13", "end": "00:22:16", "text": ">> So, like is it reasonable for"}, {"start": "00:22:14", "end": "00:22:18", "text": "communities to expect you as a founder"}, {"start": "00:22:16", "end": "00:22:21", "text": "to fall on the knife of a failing"}, {"start": "00:22:18", "end": "00:22:24", "text": "project? Like Cardono is kind of a weird"}, {"start": "00:22:21", "end": "00:22:26", "text": "situation because a lot of the power of"}, {"start": "00:22:24", "end": "00:22:28", "text": "the network was handed over to the major"}, {"start": "00:22:26", "end": "00:22:30", "text": "stakeholders, right? So,"}, {"start": "00:22:28", "end": "00:22:34", "text": ">> uh, I identified this little line"}, {"start": "00:22:30", "end": "00:22:36", "text": "earlier. I, uh, I'm waiting for a larger"}, {"start": "00:22:34", "end": "00:22:37", "text": "trade here. I did open a a smaller"}, {"start": "00:22:36", "end": "00:22:39", "text": "position. Me and Drew were talking about"}, {"start": "00:22:37", "end": "00:22:41", "text": "we end up closing about half the"}, {"start": "00:22:39", "end": "00:22:42", "text": "position right before we went live. Like"}, {"start": "00:22:41", "end": "00:22:44", "text": "literally right before we went live. So,"}, {"start": "00:22:42", "end": "00:22:45", "text": "probably this candle right here. And"}, {"start": "00:22:44", "end": "00:22:47", "text": "looking at this, it looks like it might"}, {"start": "00:22:45", "end": "00:22:49", "text": "try to bounce. This is just fiveminute"}, {"start": "00:22:47", "end": "00:22:50", "text": "candles. Obviously, this could, you"}, {"start": "00:22:49", "end": "00:22:52", "text": "know, very easily break through. And"}, {"start": "00:22:50", "end": "00:22:53", "text": "they do say after you knock on a door a"}, {"start": "00:22:52", "end": "00:22:55", "text": "few times, that's when you start"}, {"start": "00:22:53", "end": "00:22:57", "text": "breaking through. You can see one, two,"}, {"start": "00:22:55", "end": "00:22:59", "text": "three touches. the fourth touch actually"}, {"start": "00:22:57", "end": "00:23:01", "text": "did go through and so there's you know"}, {"start": "00:22:59", "end": "00:23:02", "text": "not zero probability here that we are"}, {"start": "00:23:01", "end": "00:23:05", "text": "going to come down to this line I'll"}, {"start": "00:23:02", "end": "00:23:06", "text": "identify this in one second in fact"}, {"start": "00:23:05", "end": "00:23:08", "text": "let's just do it right now we're going"}, {"start": "00:23:06", "end": "00:23:11", "text": "to go to the daily we're going to go all"}, {"start": "00:23:08", "end": "00:23:14", "text": "the way back to February of 2021"}, {"start": "00:23:11", "end": "00:23:20", "text": "might even shrink this x-axis all right"}, {"start": "00:23:14", "end": "00:23:22", "text": "so 24 23 22 21 here we go right here"}, {"start": "00:23:20", "end": "00:23:27", "text": "you remember this Drew not you see this"}, {"start": "00:23:22", "end": "00:23:28", "text": "on ETH XRP Cardano know, maybe Bitcoin,"}, {"start": "00:23:27", "end": "00:23:31", "text": "maybe even not even Bitcoin here. I want"}, {"start": "00:23:28", "end": "00:23:33", "text": "to say maybe Vchain. There's a handful"}, {"start": "00:23:31", "end": "00:23:36", "text": "of tokens that match this right here. We"}, {"start": "00:23:33", "end": "00:23:38", "text": "are literally at at the wick from"}, {"start": "00:23:36", "end": "00:23:39", "text": "February. So, let's back up a little"}, {"start": "00:23:38", "end": "00:23:42", "text": "bit. What the heck is that? February"}, {"start": "00:23:39", "end": "00:23:44", "text": "22nd, 2021, ADA and several other"}, {"start": "00:23:42", "end": "00:23:46", "text": "altcoins experienced a massive flash"}, {"start": "00:23:44", "end": "00:23:48", "text": "crash on Kraken. This is before you"}, {"start": "00:23:46", "end": "00:23:49", "text": "started working here. Plunging sharply"}, {"start": "00:23:48", "end": "00:23:50", "text": "in price. This is actually before I"}, {"start": "00:23:49", "end": "00:23:52", "text": "started working here, too. About a month"}, {"start": "00:23:50", "end": "00:23:54", "text": "before. Uh, and it was it was just"}, {"start": "00:23:52", "end": "00:23:58", "text": "basically Kraken platform had some"}, {"start": "00:23:54", "end": "00:24:00", "text": "issues. ETH dropped 50% to $700. ADA had"}, {"start": "00:23:58", "end": "00:24:02", "text": "a huge correction as well. We saw just a"}, {"start": "00:24:00", "end": "00:24:04", "text": "few of the top alts because Kraken"}, {"start": "00:24:02", "end": "00:24:07", "text": "didn't have that many tokens in 2021."}, {"start": "00:24:04", "end": "00:24:09", "text": "And the Kraken flash crash is our level"}, {"start": "00:24:07", "end": "00:24:11", "text": "that we're testing right now. Wow,"}, {"start": "00:24:09", "end": "00:24:13", "text": "that's kind of crazy. I you honestly I"}, {"start": "00:24:11", "end": "00:24:15", "text": "was holding a lot of crypto at that"}, {"start": "00:24:13", "end": "00:24:18", "text": "time, but I wasn't like on air covering"}, {"start": "00:24:15", "end": "00:24:20", "text": "it or researching it or nothing. Um, and"}, {"start": "00:24:18", "end": "00:24:22", "text": "I didn't even notice like I didn't even"}, {"start": "00:24:20", "end": "00:24:23", "text": "notice that crash. It didn't affect me"}, {"start": "00:24:22", "end": "00:24:25", "text": "because I'm"}, {"start": "00:24:23", "end": "00:24:27", "text": ">> Well, not everybody uses spot crypto."}, {"start": "00:24:25", "end": "00:24:28", "text": "So, you might do ADA Binance and you're"}, {"start": "00:24:27", "end": "00:24:30", "text": "not going to see it. I'm I'm doing I"}, {"start": "00:24:28", "end": "00:24:31", "text": "don't know why I'm typing in Binance,"}, {"start": "00:24:30", "end": "00:24:33", "text": "but yeah, if you go to ADA, you see"}, {"start": "00:24:31", "end": "00:24:34", "text": "where it's on Binance. I don't think you"}, {"start": "00:24:33", "end": "00:24:35", "text": "see it in February."}, {"start": "00:24:34", "end": "00:24:36", "text": ">> A good lesson to not keep"}, {"start": "00:24:35", "end": "00:24:38", "text": ">> Okay, it's actually there. It is"}, {"start": "00:24:36", "end": "00:24:41", "text": "actually there. Okay. So, it did it. No,"}, {"start": "00:24:38", "end": "00:24:41", "text": "that's Jan uh"}, {"start": "00:24:41", "end": "00:24:43", "text": ">> February."}, {"start": "00:24:41", "end": "00:24:43", "text": ">> It's actually a different date."}, {"start": "00:24:43", "end": "00:24:44", "text": ">> Yeah."}, {"start": "00:24:43", "end": "00:24:46", "text": ">> Oh, I'm I'm I'm not even in the right"}, {"start": "00:24:44", "end": "00:24:48", "text": "here. Let's get back. Let's fall back."}, {"start": "00:24:46", "end": "00:24:49", "text": "fall back."}, {"start": "00:24:48", "end": "00:24:50", "text": ">> Yeah, this is kind of"}, {"start": "00:24:49", "end": "00:24:52", "text": ">> Here we go. Look at"}, {"start": "00:24:50", "end": "00:24:54", "text": ">> that."}, {"start": "00:24:52", "end": "00:24:55", "text": ">> Yeah. Um, you see it a little"}, {"start": "00:24:54", "end": "00:24:57", "text": ">> little bit. Not too much though."}, {"start": "00:24:55", "end": "00:25:00", "text": ">> Not too much. Definitely not down to"}, {"start": "00:24:57", "end": "00:25:02", "text": "where we're at now. 15 cents, 16 cents."}, {"start": "00:25:00", "end": "00:25:02", "text": ">> Yeah, that's wild. I And I might not see"}, {"start": "00:25:02", "end": "00:25:04", "text": "it."}, {"start": "00:25:02", "end": "00:25:07", "text": ">> I think I only started using Kraken"}, {"start": "00:25:04", "end": "00:25:09", "text": "recently for the um Canton holdings. So,"}, {"start": "00:25:07", "end": "00:25:12", "text": "that's the only reason I had a Kraken"}, {"start": "00:25:09", "end": "00:25:14", "text": "account uh as of recently. But this"}, {"start": "00:25:12", "end": "00:25:17", "text": "chart is uh it's hitting pretty low"}, {"start": "00:25:14", "end": "00:25:19", "text": "levels, man. Like I think"}, {"start": "00:25:17", "end": "00:25:22", "text": ">> it just fell through that level. Well,"}, {"start": "00:25:19", "end": "00:25:23", "text": "it hung out for like okay, it partied"}, {"start": "00:25:22", "end": "00:25:25", "text": "there a little bit."}, {"start": "00:25:23", "end": "00:25:27", "text": ">> It doesn't look very bouncy. I'm going"}, {"start": "00:25:25", "end": "00:25:30", "text": "to It doesn't look very bouncy. And this"}, {"start": "00:25:27", "end": "00:25:32", "text": "is where it's like it's hard to find"}, {"start": "00:25:30", "end": "00:25:34", "text": "conviction in a a good swing trade on"}, {"start": "00:25:32", "end": "00:25:36", "text": "it. You know, if I'm trying to grab a"}, {"start": "00:25:34", "end": "00:25:37", "text": "bag and see it pump up to 19 cents."}, {"start": "00:25:36", "end": "00:25:39", "text": ">> Yeah. It's almost like making a little 4"}, {"start": "00:25:37", "end": "00:25:40", "text": "hour bare flag here."}, {"start": "00:25:39", "end": "00:25:42", "text": ">> Yeah. It's looking slloy. It's looking"}, {"start": "00:25:40", "end": "00:25:43", "text": "slloy. So,"}, {"start": "00:25:42", "end": "00:25:46", "text": ">> all right. So, Crank does say he has a"}, {"start": "00:25:43", "end": "00:25:46", "text": "target on X. Maybe uh if you want to"}, {"start": "00:25:46", "end": "00:25:48", "text": "check that out. Maybe"}, {"start": "00:25:46", "end": "00:25:50", "text": ">> probably two cents. I'm gonna shoot you"}, {"start": "00:25:48", "end": "00:25:52", "text": "from the head. It's probably two cents."}, {"start": "00:25:50", "end": "00:25:53", "text": ">> Oh, I'm I'm going to talk about Pump. I"}, {"start": "00:25:52", "end": "00:25:55", "text": "don't know if you guys saw the Pump, but"}, {"start": "00:25:53", "end": "00:25:56", "text": "let's we we did got a lot of charts to"}, {"start": "00:25:55", "end": "00:25:58", "text": "get into. So, let's just get right into"}, {"start": "00:25:56", "end": "00:26:00", "text": "it. So, Pump created the Black Mirror"}, {"start": "00:25:58", "end": "00:26:02", "text": "episode. The Black Mirror episode from"}, {"start": "00:26:00", "end": "00:26:05", "text": "the most recent season. There's a guy"}, {"start": "00:26:02", "end": "00:26:07", "text": "who had to pay for his wife's uh"}, {"start": "00:26:05", "end": "00:26:08", "text": "subscription service for her health. It"}, {"start": "00:26:07", "end": "00:26:11", "text": "was It's I'm not even going to get into"}, {"start": "00:26:08", "end": "00:26:14", "text": "that side story, but there was a DARE"}, {"start": "00:26:11", "end": "00:26:17", "text": "platform. You do the dare, you get paid."}, {"start": "00:26:14", "end": "00:26:20", "text": "And it turns dark quickly. First it's"}, {"start": "00:26:17", "end": "00:26:22", "text": "slap yourself, you know. Then it's pull"}, {"start": "00:26:20", "end": "00:26:23", "text": "a tooth out. It escalates. I'm not going"}, {"start": "00:26:22", "end": "00:26:25", "text": "to get into all that, but humans. All"}, {"start": "00:26:23", "end": "00:26:29", "text": "right, so here we go. Introducing pump"}, {"start": "00:26:25", "end": "00:26:31", "text": "go. Pay anyone to do anything. This"}, {"start": "00:26:29", "end": "00:26:34", "text": "won't end poorly, right, Drew? Create"}, {"start": "00:26:31", "end": "00:26:35", "text": "and complete bounties for any task."}, {"start": "00:26:34", "end": "00:26:37", "text": "Leverage the power of humans and money"}, {"start": "00:26:35", "end": "00:26:40", "text": "across the globe. The world is at your"}, {"start": "00:26:37", "end": "00:26:41", "text": "fingertips. It's time to go. They have a"}, {"start": "00:26:40", "end": "00:26:44", "text": "whole post about this. They they dropped"}, {"start": "00:26:41", "end": "00:26:45", "text": "this uh yesterday here. Connect your X"}, {"start": "00:26:44", "end": "00:26:47", "text": "account, set your bounty, set a"}, {"start": "00:26:45", "end": "00:26:49", "text": "description, time frame, deliverables,"}, {"start": "00:26:47", "end": "00:26:51", "text": "submit your bounty payout into escrow"}, {"start": "00:26:49", "end": "00:26:53", "text": "here. And then Pump Fund reviews the"}, {"start": "00:26:51", "end": "00:26:56", "text": "bounty submission. So, this is going to"}, {"start": "00:26:53", "end": "00:26:58", "text": "be, I guess, the the way they would stop"}, {"start": "00:26:56", "end": "00:27:00", "text": "some of the more crazy stunts, you know,"}, {"start": "00:26:58", "end": "00:27:02", "text": "anything that might be crossing legality"}, {"start": "00:27:00", "end": "00:27:04", "text": "lines here. Just when you thought you"}, {"start": "00:27:02", "end": "00:27:06", "text": "couldn't get any worse. Well, it's"}, {"start": "00:27:04", "end": "00:27:09", "text": "already escal in hours, Drew. It's"}, {"start": "00:27:06", "end": "00:27:12", "text": "already going off the rails. uh almost a"}, {"start": "00:27:09", "end": "00:27:16", "text": "$50,000 bounty to skydive into the World"}, {"start": "00:27:12", "end": "00:27:18", "text": "Cup match in a Meancoin mascot costume."}, {"start": "00:27:16", "end": "00:27:20", "text": ">> Wow. I'm expecting something like become"}, {"start": "00:27:18", "end": "00:27:22", "text": "the president of the United States and"}, {"start": "00:27:20", "end": "00:27:22", "text": "put us in a forever war. You know, that"}, {"start": "00:27:22", "end": "00:27:24", "text": "could be"}, {"start": "00:27:22", "end": "00:27:27", "text": ">> It gets worse. uh the current uh you"}, {"start": "00:27:24", "end": "00:27:29", "text": "know until it got topped the current uh"}, {"start": "00:27:27", "end": "00:27:34", "text": "the previous top bounty here. Someone's"}, {"start": "00:27:29", "end": "00:27:36", "text": "offering 25K to track down the family of"}, {"start": "00:27:34", "end": "00:27:38", "text": "a guy who did some bad things or the"}, {"start": "00:27:36", "end": "00:27:42", "text": "officer involved and film them on"}, {"start": "00:27:38", "end": "00:27:44", "text": "camera. Jeez Louise."}, {"start": "00:27:42", "end": "00:27:46", "text": "Wow. That's going to be a self-defense"}, {"start": "00:27:44", "end": "00:27:49", "text": "case or the other side of that."}, {"start": "00:27:46", "end": "00:27:49", "text": ">> And this is Lego bricks and mini figs on"}, {"start": "00:27:49", "end": "00:27:52", "text": "steroids."}, {"start": "00:27:49", "end": "00:27:53", "text": ">> That's pretty bad. That's pretty bad. So"}, {"start": "00:27:52", "end": "00:27:55", "text": "think it gets shut down."}, {"start": "00:27:53", "end": "00:27:56", "text": ">> I think it gets shut down. This is"}, {"start": "00:27:55", "end": "00:27:57", "text": "probably going to get shut down."}, {"start": "00:27:56", "end": "00:28:00", "text": ">> Well, it is going to be in escrow, so"}, {"start": "00:27:57", "end": "00:28:01", "text": "they won't pay out any violent stuff or"}, {"start": "00:28:00", "end": "00:28:03", "text": "illegal stuff."}, {"start": "00:28:01", "end": "00:28:06", "text": ">> Yeah, that they're doing it. They might"}, {"start": "00:28:03", "end": "00:28:09", "text": "get uh targeted by lawmakers about it."}, {"start": "00:28:06", "end": "00:28:10", "text": "So,"}, {"start": "00:28:09", "end": "00:28:12", "text": ">> uh let's see. I'm looking for the pump"}, {"start": "00:28:10", "end": "00:28:14", "text": "uh ticker here just so I can find the"}, {"start": "00:28:12", "end": "00:28:17", "text": "spot crypto pair."}, {"start": "00:28:14", "end": "00:28:19", "text": "There's P. I might just do the main one."}, {"start": "00:28:17", "end": "00:28:22", "text": "Sometime search all day here. So, we're"}, {"start": "00:28:19", "end": "00:28:25", "text": "going to do I guess just Guess the"}, {"start": "00:28:22", "end": "00:28:26", "text": "Coinbase. I don't want to do market cap."}, {"start": "00:28:25", "end": "00:28:27", "text": "No,"}, {"start": "00:28:26", "end": "00:28:29", "text": ">> I like the spot crypto, but sometimes"}, {"start": "00:28:27", "end": "00:28:31", "text": "they hide it when when it's when you"}, {"start": "00:28:29", "end": "00:28:32", "text": "don't search for the token a lot. That's"}, {"start": "00:28:31", "end": "00:28:34", "text": "when you kind of know it's like, okay,"}, {"start": "00:28:32", "end": "00:28:36", "text": "people no one is even trying to do TA on"}, {"start": "00:28:34", "end": "00:28:37", "text": "pump, which kind of makes sense, I"}, {"start": "00:28:36", "end": "00:28:40", "text": "guess, if you think of the average pump"}, {"start": "00:28:37", "end": "00:28:42", "text": "trader. Let's go to the daily. I mean,"}, {"start": "00:28:40", "end": "00:28:45", "text": "the market is down on this news."}, {"start": "00:28:42", "end": "00:28:47", "text": "Not a good sign. Jeez. We're also"}, {"start": "00:28:45", "end": "00:28:49", "text": "testing a wick low. This is the October"}, {"start": "00:28:47", "end": "00:28:51", "text": "10th crash. All right, so we're at the"}, {"start": "00:28:49", "end": "00:28:53", "text": "October 10th wick. Yeah,"}, {"start": "00:28:51", "end": "00:28:54", "text": ">> it's got good support at zero."}, {"start": "00:28:53", "end": "00:28:56", "text": ">> I mean, that's actually probably not a"}, {"start": "00:28:54", "end": "00:28:59", "text": "terrible entry."}, {"start": "00:28:56", "end": "00:29:00", "text": ">> Dude, this thing by all means could go"}, {"start": "00:28:59", "end": "00:29:02", "text": "to zero. Like,"}, {"start": "00:29:00", "end": "00:29:04", "text": ">> well, it has that mean number. You know"}, {"start": "00:29:02", "end": "00:29:04", "text": "what I mean? Right now, it's a tenth of"}, {"start": "00:29:04", "end": "00:29:06", "text": "a penny."}, {"start": "00:29:04", "end": "00:29:08", "text": ">> If you were going to do the moon math,"}, {"start": "00:29:06", "end": "00:29:09", "text": "well, if it goes to a dollar,"}, {"start": "00:29:08", "end": "00:29:10", "text": ">> you know, you know the moon math that"}, {"start": "00:29:09", "end": "00:29:12", "text": "people do."}, {"start": "00:29:10", "end": "00:29:15", "text": ">> I know the moon math. Yeah. Pump is"}, {"start": "00:29:12", "end": "00:29:18", "text": "under I we didn't hear any followup from"}, {"start": "00:29:15", "end": "00:29:19", "text": "those lawmakers uh taking aim at pump"}, {"start": "00:29:18", "end": "00:29:21", "text": "really. So that might actually come back"}, {"start": "00:29:19", "end": "00:29:23", "text": "into the news cycle here in the next few"}, {"start": "00:29:21", "end": "00:29:25", "text": "months and that chart might look much"}, {"start": "00:29:23", "end": "00:29:29", "text": "more red, right? You might start feeling"}, {"start": "00:29:25", "end": "00:29:30", "text": "like a hexolder uh doing deep analysis"}, {"start": "00:29:29", "end": "00:29:32", "text": "on how many decimal points you got to"}, {"start": "00:29:30", "end": "00:29:33", "text": "move over. I I would let me just"}, {"start": "00:29:32", "end": "00:29:35", "text": "disagree with this ADA thing. All right,"}, {"start": "00:29:33", "end": "00:29:37", "text": "they're going to be like DZO just always"}, {"start": "00:29:35", "end": "00:29:39", "text": "defends Cardano. ADA is like a pebble"}, {"start": "00:29:37", "end": "00:29:42", "text": "among the metals."}, {"start": "00:29:39", "end": "00:29:45", "text": "Cardono has the longest uptime with zero"}, {"start": "00:29:42", "end": "00:29:48", "text": "downtime. Bitcoin went down, ETH went"}, {"start": "00:29:45", "end": "00:29:51", "text": "down, XRP had issu there. Card no chain"}, {"start": "00:29:48", "end": "00:29:54", "text": "has ran longer than Cardano"}, {"start": "00:29:51", "end": "00:29:57", "text": ">> without a downtime or exploit."}, {"start": "00:29:54", "end": "00:30:00", "text": "And so is it a slow car on the highway?"}, {"start": "00:29:57", "end": "00:30:02", "text": "Yes. But it's also that mid90s Honda"}, {"start": "00:30:00", "end": "00:30:04", "text": "Civic. It's the most reliable one."}, {"start": "00:30:02", "end": "00:30:05", "text": ">> Yeah. None of those Honda Civics are for"}, {"start": "00:30:04", "end": "00:30:07", "text": "sale anymore, though."}, {"start": "00:30:05", "end": "00:30:08", "text": ">> Well, yeah. because they, you know, get"}, {"start": "00:30:07", "end": "00:30:10", "text": "souped up because of Fast and Furious"}, {"start": "00:30:08", "end": "00:30:12", "text": "and they wreck them and so literally"}, {"start": "00:30:10", "end": "00:30:13", "text": "every day there's less mid90s Honda"}, {"start": "00:30:12", "end": "00:30:15", "text": "Civics because they get in wrecks."}, {"start": "00:30:13", "end": "00:30:17", "text": ">> So, did we soup up ADA until they wrap"}, {"start": "00:30:15", "end": "00:30:18", "text": "it around a tree?"}, {"start": "00:30:17", "end": "00:30:19", "text": ">> That's what it feels like. That's what"}, {"start": "00:30:18", "end": "00:30:21", "text": "it feels like. Let's talk about hype for"}, {"start": "00:30:19", "end": "00:30:26", "text": "a second. Let's get back into the charts"}, {"start": "00:30:21", "end": "00:30:27", "text": "here. A6Z is now purchasing Hype and"}, {"start": "00:30:26", "end": "00:30:31", "text": "they're buying more at the current"}, {"start": "00:30:27", "end": "00:30:33", "text": "price. So, they withdrew uh 220,000 over"}, {"start": "00:30:31", "end": "00:30:35", "text": "the last 24 hours here. That's about $15"}, {"start": "00:30:33", "end": "00:30:38", "text": "million worth. And so they just bought"}, {"start": "00:30:35", "end": "00:30:40", "text": "another $15 million worth. Their current"}, {"start": "00:30:38", "end": "00:30:42", "text": "bag is worth 322 million. They spent,"}, {"start": "00:30:40", "end": "00:30:44", "text": "you know, a little over or a little"}, {"start": "00:30:42", "end": "00:30:47", "text": "under, sorry, than 200 million. So they"}, {"start": "00:30:44", "end": "00:30:49", "text": "spent about$190 million. They just spent"}, {"start": "00:30:47", "end": "00:30:53", "text": "$15 million more and their average price"}, {"start": "00:30:49", "end": "00:30:56", "text": "is $46. They don't mind buying hype at"}, {"start": "00:30:53", "end": "00:30:57", "text": "this level. A16Z where"}, {"start": "00:30:56", "end": "00:30:59", "text": ">> pretty smart people behind that."}, {"start": "00:30:57", "end": "00:31:01", "text": ">> Where does the hype chart look like? cuz"}, {"start": "00:30:59", "end": "00:31:04", "text": "we were looking at it yesterday and it"}, {"start": "00:31:01", "end": "00:31:05", "text": "was I don't it up actually or nothing"}, {"start": "00:31:04", "end": "00:31:09", "text": "but"}, {"start": "00:31:05", "end": "00:31:10", "text": ">> it was about 64 65 and it was a deep"}, {"start": "00:31:09", "end": "00:31:13", "text": "pullback."}, {"start": "00:31:10", "end": "00:31:15", "text": ">> Ignore this. This is a log."}, {"start": "00:31:13", "end": "00:31:17", "text": "That's that's our log thing but I do"}, {"start": "00:31:15", "end": "00:31:18", "text": "like to leave it up there here. So let's"}, {"start": "00:31:17", "end": "00:31:19", "text": "go back to regular"}, {"start": "00:31:18", "end": "00:31:21", "text": ">> regular."}, {"start": "00:31:19", "end": "00:31:22", "text": ">> Uh it actually looks like it hit that"}, {"start": "00:31:21", "end": "00:31:25", "text": "level that we identified yesterday."}, {"start": "00:31:22", "end": "00:31:26", "text": "Yeah. And rejected off of it. And so we"}, {"start": "00:31:25", "end": "00:31:30", "text": "gave you this chart yesterday. Okay. So"}, {"start": "00:31:26", "end": "00:31:32", "text": "4 8 12 1620. So I mean yeah this this is"}, {"start": "00:31:30", "end": "00:31:34", "text": "the wick low there. Candle bodies here."}, {"start": "00:31:32", "end": "00:31:37", "text": "The candle bodies here. I would look to"}, {"start": "00:31:34", "end": "00:31:38", "text": "you know maybe if you open a long I"}, {"start": "00:31:37", "end": "00:31:40", "text": "would short you know I would go ahead"}, {"start": "00:31:38", "end": "00:31:42", "text": "and close it if we end up hitting this"}, {"start": "00:31:40", "end": "00:31:45", "text": "yellow line."}, {"start": "00:31:42", "end": "00:31:47", "text": "Yeah we could uh we could go check what"}, {"start": "00:31:45", "end": "00:31:50", "text": "5550 feels like for sure on this thing."}, {"start": "00:31:47", "end": "00:31:52", "text": "You know 40 is where I really that's"}, {"start": "00:31:50", "end": "00:31:54", "text": "what I I I feel like you know this bare"}, {"start": "00:31:52", "end": "00:31:57", "text": "market's going to go on for some time."}, {"start": "00:31:54", "end": "00:31:58", "text": "Um, you know, and hype seems like an"}, {"start": "00:31:57", "end": "00:32:01", "text": "interesting play. I'm not going to do"}, {"start": "00:31:58", "end": "00:32:04", "text": "anything more than like 5% allocation"}, {"start": "00:32:01", "end": "00:32:07", "text": "when I feel ready for alts into this."}, {"start": "00:32:04", "end": "00:32:09", "text": "Um, but I mean, a deep pullback might be"}, {"start": "00:32:07", "end": "00:32:10", "text": "on the horizon for it, you know."}, {"start": "00:32:09", "end": "00:32:12", "text": ">> Let's check the RSI here on some of"}, {"start": "00:32:10", "end": "00:32:13", "text": "these smaller time frames. So, 4 hour"}, {"start": "00:32:12", "end": "00:32:15", "text": "definitely shows. Yeah, we could"}, {"start": "00:32:13", "end": "00:32:18", "text": "definitely go lower here. Oh, this"}, {"start": "00:32:15", "end": "00:32:18", "text": "pretty good bullish divs on the 1 hour,"}, {"start": "00:32:18", "end": "00:32:19", "text": "though."}, {"start": "00:32:18", "end": "00:32:20", "text": ">> It is."}, {"start": "00:32:19", "end": "00:32:22", "text": ">> I will say this looks good in the short"}, {"start": "00:32:20", "end": "00:32:24", "text": "to medium term. Okay."}, {"start": "00:32:22", "end": "00:32:27", "text": ">> And I mean like the next 4 to 12 hours."}, {"start": "00:32:24", "end": "00:32:28", "text": ">> Yeah. And I'm definitely in the mindset"}, {"start": "00:32:27", "end": "00:32:31", "text": "of like mapping these things out for big"}, {"start": "00:32:28", "end": "00:32:33", "text": "spot buys and you know like"}, {"start": "00:32:31", "end": "00:32:34", "text": ">> what is the level you would buy hype?"}, {"start": "00:32:33", "end": "00:32:37", "text": "Because you know I do think it is going"}, {"start": "00:32:34", "end": "00:32:39", "text": "to be around in five years."}, {"start": "00:32:37", "end": "00:32:42", "text": ">> In the mid-50s but I would be much more"}, {"start": "00:32:39", "end": "00:32:45", "text": "aggressive about spot buys in the $ 35"}, {"start": "00:32:42", "end": "00:32:48", "text": "to $40 region. Um okay. you know, just"}, {"start": "00:32:45", "end": "00:32:50", "text": "basically old school shelves and see if"}, {"start": "00:32:48", "end": "00:32:52", "text": "that, you know, kind of pump to"}, {"start": "00:32:50", "end": "00:32:55", "text": "mountain, the guts of that, the the"}, {"start": "00:32:52", "end": "00:32:58", "text": "volume node can hold up its balance"}, {"start": "00:32:55", "end": "00:33:01", "text": "point. You know, I I do like using old"}, {"start": "00:32:58", "end": "00:33:04", "text": "levels where see from 40 to 60 bucks and"}, {"start": "00:33:01", "end": "00:33:08", "text": "then back down the guts of the past"}, {"start": "00:33:04", "end": "00:33:10", "text": "runup is a likely new place of support."}, {"start": "00:33:08", "end": "00:33:12", "text": "So, that's kind of what I'm looking for"}, {"start": "00:33:10", "end": "00:33:14", "text": "on Hyperlid is like 35 to 40 bucks. I'll"}, {"start": "00:33:12", "end": "00:33:16", "text": "get real aggressive. I'm fine like"}, {"start": "00:33:14", "end": "00:33:19", "text": "getting some exposure in the mid50s and"}, {"start": "00:33:16", "end": "00:33:22", "text": "whatnot, but um you know that's really"}, {"start": "00:33:19", "end": "00:33:25", "text": "my my kind of target for it. Okay, I did"}, {"start": "00:33:22", "end": "00:33:28", "text": "want to do this here."}, {"start": "00:33:25", "end": "00:33:31", "text": "We got the ray tool."}, {"start": "00:33:28", "end": "00:33:32", "text": "Moved it. Get this real tight. All"}, {"start": "00:33:31", "end": "00:33:34", "text": "right. So, I would say that's probably"}, {"start": "00:33:32", "end": "00:33:35", "text": "as about as good as we can get it,"}, {"start": "00:33:34", "end": "00:33:37", "text": "right? If we were trying to like create"}, {"start": "00:33:35", "end": "00:33:38", "text": "a trend line, Drew. Yeah. You think I"}, {"start": "00:33:37", "end": "00:33:40", "text": "should lower it, raise it? You think"}, {"start": "00:33:38", "end": "00:33:44", "text": "we're good? I think it look pretty good"}, {"start": "00:33:40", "end": "00:33:46", "text": "right there that pointum"}, {"start": "00:33:44", "end": "00:33:47", "text": "bum. Drum roll pre Look at that."}, {"start": "00:33:46", "end": "00:33:51", "text": ">> Yeah."}, {"start": "00:33:47", "end": "00:33:53", "text": "All right. Yeah. Maybe I maybe depending"}, {"start": "00:33:51", "end": "00:33:55", "text": "on the RSI, depending on the the mood of"}, {"start": "00:33:53", "end": "00:33:56", "text": "the market, you know, obviously be a"}, {"start": "00:33:55", "end": "00:33:58", "text": "little more careful if it's Saturday at"}, {"start": "00:33:56", "end": "00:34:00", "text": "midnight or Sunday at midnight because"}, {"start": "00:33:58", "end": "00:34:01", "text": "be low liquidity. I wouldn't hate a long"}, {"start": "00:34:00", "end": "00:34:03", "text": "on the blue line."}, {"start": "00:34:01", "end": "00:34:06", "text": ">> Yeah, the mood of the market's pretty uh"}, {"start": "00:34:03", "end": "00:34:09", "text": "dismal though, right? And the Zcash was"}, {"start": "00:34:06", "end": "00:34:11", "text": "lumped into Hype uh and what was it?"}, {"start": "00:34:09", "end": "00:34:15", "text": "Hype Near and Zcash were like three"}, {"start": "00:34:11", "end": "00:34:16", "text": "tokens that like Hoff David Hoffman and"}, {"start": "00:34:15", "end": "00:34:17", "text": "I think it was Arthur Hayes and all"}, {"start": "00:34:16", "end": "00:34:20", "text": "these people were talking about kind of"}, {"start": "00:34:17", "end": "00:34:21", "text": "as a group, you know. So that makes me"}, {"start": "00:34:20", "end": "00:34:24", "text": "feel a little iffy, but the revenue"}, {"start": "00:34:21", "end": "00:34:26", "text": "model behind the Hyperlid is solid. So"}, {"start": "00:34:24", "end": "00:34:28", "text": ">> all right, people talking about XRP. I"}, {"start": "00:34:26", "end": "00:34:32", "text": "guess we'll pull out the XRP charts"}, {"start": "00:34:28", "end": "00:34:34", "text": "here. I did have uh what is this? So, if"}, {"start": "00:34:32", "end": "00:34:36", "text": "you're wondering why AI is surging,"}, {"start": "00:34:34", "end": "00:34:37", "text": "smart money probably knew about this. US"}, {"start": "00:34:36", "end": "00:34:39", "text": "officials have had talks about"}, {"start": "00:34:37", "end": "00:34:42", "text": "governments or the government acquiring"}, {"start": "00:34:39", "end": "00:34:44", "text": "shares in AI giants. So, just like we"}, {"start": "00:34:42", "end": "00:34:47", "text": "bought Dell, just bought just like they"}, {"start": "00:34:44", "end": "00:34:48", "text": "bought LAC, Lithium, uh, America Corp or"}, {"start": "00:34:47", "end": "00:34:50", "text": "whatever it stands for there, you know,"}, {"start": "00:34:48", "end": "00:34:52", "text": "also looking at the AI giants. Uh, we"}, {"start": "00:34:50", "end": "00:34:54", "text": "did get the job growth numbers. They"}, {"start": "00:34:52", "end": "00:34:56", "text": "were pretty good. They doubled the what"}, {"start": "00:34:54", "end": "00:34:59", "text": "economists were expecting. They expected"}, {"start": "00:34:56", "end": "00:35:01", "text": "85. We got 172 jobs added. unemployment"}, {"start": "00:34:59", "end": "00:35:03", "text": "rate came in in line with expectations."}, {"start": "00:35:01", "end": "00:35:05", "text": "10-year yield did jump a little bit, but"}, {"start": "00:35:03", "end": "00:35:06", "text": "let's go ahead and jump to the XRP"}, {"start": "00:35:05", "end": "00:35:10", "text": "chart. So, remember, we identified that"}, {"start": "00:35:06", "end": "00:35:12", "text": "support from 2017, Drew, we blasted past"}, {"start": "00:35:10", "end": "00:35:14", "text": "that. Yeah. Oh, well, we danced on it."}, {"start": "00:35:12", "end": "00:35:16", "text": "We danced near it. We danced with it."}, {"start": "00:35:14", "end": "00:35:18", "text": ">> Hey, we're above, we're below, we're"}, {"start": "00:35:16", "end": "00:35:19", "text": "above. We're below. I mean, this is some"}, {"start": "00:35:18", "end": "00:35:21", "text": "God, I'd hate to be over, you know,"}, {"start": "00:35:19", "end": "00:35:24", "text": "extended with leverage trading this like"}, {"start": "00:35:21", "end": "00:35:25", "text": "40x longs, 40x, everybody's just getting"}, {"start": "00:35:24", "end": "00:35:28", "text": "wrecked in this area. We actually tried"}, {"start": "00:35:25", "end": "00:35:30", "text": "to wick to it just a couple hours ago."}, {"start": "00:35:28", "end": "00:35:33", "text": "Maybe even go to the 20 minute. Okay."}, {"start": "00:35:30", "end": "00:35:36", "text": "Okay. So, we're trying to retest trying"}, {"start": "00:35:33", "end": "00:35:38", "text": "to retest this support going all the way"}, {"start": "00:35:36", "end": "00:35:42", "text": "back to 2017. Let's go back to 2017."}, {"start": "00:35:38", "end": "00:35:42", "text": "Let's see what is the support actually"}, {"start": "00:35:42", "end": "00:35:43", "text": "back."}, {"start": "00:35:42", "end": "00:35:46", "text": ">> Yeah, it's you have to"}, {"start": "00:35:43", "end": "00:35:49", "text": ">> 2021 far back for it."}, {"start": "00:35:46", "end": "00:35:49", "text": ">> Yeah. I mean, we're"}, {"start": "00:35:53", "end": "00:35:56", "text": "Yeah. So, it's just the level that we're"}, {"start": "00:35:55", "end": "00:35:59", "text": "seeing. Yeah. Seeing support. seen a"}, {"start": "00:35:56", "end": "00:36:03", "text": "support. Okay. Boom. Right here. 2017."}, {"start": "00:35:59", "end": "00:36:05", "text": "This this first runup for XRP."}, {"start": "00:36:03", "end": "00:36:07", "text": "Look at them bull flags, man."}, {"start": "00:36:05", "end": "00:36:09", "text": ">> Yeah. Well, there was like not nearly as"}, {"start": "00:36:07", "end": "00:36:10", "text": "many altcoins at that time either. You"}, {"start": "00:36:09", "end": "00:36:12", "text": "know, it wasn't competing against"}, {"start": "00:36:10", "end": "00:36:14", "text": ">> If you would have told those XRP bulls"}, {"start": "00:36:12", "end": "00:36:16", "text": "at the $3 and above, you'd be like, \"XRP"}, {"start": "00:36:14", "end": "00:36:19", "text": "is going to be the same price it was in"}, {"start": "00:36:16", "end": "00:36:21", "text": "December of 2017.\" They would have"}, {"start": "00:36:19", "end": "00:36:22", "text": "laughed at you, knocked your phone at"}, {"start": "00:36:21", "end": "00:36:24", "text": "your hand."}, {"start": "00:36:22", "end": "00:36:25", "text": ">> They would have beat you."}, {"start": "00:36:24", "end": "00:36:27", "text": ">> They would have beat they would have"}, {"start": "00:36:25", "end": "00:36:29", "text": "came after you like never mind. I was"}, {"start": "00:36:27", "end": "00:36:30", "text": "never mind. I'm not going to say it. But"}, {"start": "00:36:29", "end": "00:36:33", "text": "uh I was I was going to relate to the"}, {"start": "00:36:30", "end": "00:36:34", "text": "pre the recent crime in the UK, but we"}, {"start": "00:36:33", "end": "00:36:37", "text": "probably shouldn't make fun of that. But"}, {"start": "00:36:34", "end": "00:36:39", "text": "yeah, you can see a lot of activity here"}, {"start": "00:36:37", "end": "00:36:41", "text": "little bit in 2021. I'm not going to say"}, {"start": "00:36:39", "end": "00:36:42", "text": "it was like the cleanest level or"}, {"start": "00:36:41", "end": "00:36:45", "text": "whatever. Okay. Yeah, you can see it"}, {"start": "00:36:42", "end": "00:36:48", "text": "also rejected on the way up in 2021"}, {"start": "00:36:45", "end": "00:36:49", "text": "and then kind of held around this range."}, {"start": "00:36:48", "end": "00:36:52", "text": "Boom. Boom. Boom. Trying to knock"}, {"start": "00:36:49", "end": "00:36:54", "text": "against it. Boom. Back to where we're at"}, {"start": "00:36:52", "end": "00:36:56", "text": "today. You can also see it slowed down"}, {"start": "00:36:54", "end": "00:37:00", "text": "on the runup in November of 2024. Okay."}, {"start": "00:36:56", "end": "00:37:03", "text": "So, this is an area that I will say XRP"}, {"start": "00:37:00", "end": "00:37:04", "text": "historically it battles with for days."}, {"start": "00:37:03", "end": "00:37:05", "text": ">> Yeah."}, {"start": "00:37:04", "end": "00:37:08", "text": ">> So, I don't think this is going to be a"}, {"start": "00:37:05", "end": "00:37:09", "text": "clean bounce or a clean drop. My gut"}, {"start": "00:37:08", "end": "00:37:10", "text": "says we're going to do the same thing."}, {"start": "00:37:09", "end": "00:37:12", "text": "We're going to have several daily"}, {"start": "00:37:10", "end": "00:37:16", "text": "candles around this line."}, {"start": "00:37:12", "end": "00:37:17", "text": ">> Yeah. I'm not buying XRP. Um, you know,"}, {"start": "00:37:16", "end": "00:37:20", "text": "there's a lot of people that hold and"}, {"start": "00:37:17", "end": "00:37:22", "text": "just for the people that do hold, if I"}, {"start": "00:37:20", "end": "00:37:24", "text": "if and I were holding, you know, I"}, {"start": "00:37:22", "end": "00:37:28", "text": "because the XRP that's involved in my"}, {"start": "00:37:24", "end": "00:37:30", "text": "crypto life is not even for me. It's for"}, {"start": "00:37:28", "end": "00:37:33", "text": "my kids. And it was purchased at 17"}, {"start": "00:37:30", "end": "00:37:35", "text": "cents. So, it's going to sit there. It's"}, {"start": "00:37:33", "end": "00:37:38", "text": "for them. Whatever happens happens. It's"}, {"start": "00:37:35", "end": "00:37:40", "text": "a risk play. I think XRP can defend"}, {"start": "00:37:38", "end": "00:37:43", "text": "itself more effectively at 70 cents than"}, {"start": "00:37:40", "end": "00:37:45", "text": "a dollar, though. I will say that. And"}, {"start": "00:37:43", "end": "00:37:48", "text": "we got a while till the bare market, you"}, {"start": "00:37:45", "end": "00:37:51", "text": "know, swoop up, uh, ending happens. So,"}, {"start": "00:37:48", "end": "00:37:54", "text": "it's going to be a long fight. And, uh,"}, {"start": "00:37:51", "end": "00:37:56", "text": "XRP has a good cult that's going to try"}, {"start": "00:37:54", "end": "00:37:58", "text": "to defend it with it with their lives of"}, {"start": "00:37:56", "end": "00:38:00", "text": "between 70 cents and a dollar. So, these"}, {"start": "00:37:58", "end": "00:38:02", "text": "old school levels are going to matter a"}, {"start": "00:38:00", "end": "00:38:03", "text": "lot. And this,"}, {"start": "00:38:02", "end": "00:38:07", "text": ">> yeah, it was supposed to be the 2021"}, {"start": "00:38:03", "end": "00:38:08", "text": "levels, not the 2017 levels. Wrong bull"}, {"start": "00:38:07", "end": "00:38:11", "text": "market level,"}, {"start": "00:38:08", "end": "00:38:12", "text": ">> right? you know, so it you just may the"}, {"start": "00:38:11", "end": "00:38:14", "text": "odds be ever in your favor."}, {"start": "00:38:12", "end": "00:38:16", "text": ">> Someone's saying, can you please explain"}, {"start": "00:38:14", "end": "00:38:18", "text": "deeply ADA Cardano possible future? If"}, {"start": "00:38:16", "end": "00:38:20", "text": "you're wondering for the bull case, I"}, {"start": "00:38:18", "end": "00:38:23", "text": "guess the bull case is the security. We"}, {"start": "00:38:20", "end": "00:38:25", "text": "should admit to ourselves that security"}, {"start": "00:38:23", "end": "00:38:27", "text": "matters more now than it did two months"}, {"start": "00:38:25", "end": "00:38:32", "text": "ago. Would you agree with that? Sure."}, {"start": "00:38:27", "end": "00:38:35", "text": "Ave, Kelp, Dow, Zcash, Anthropics tools,"}, {"start": "00:38:32", "end": "00:38:37", "text": "AI cracking old vulnerabilities"}, {"start": "00:38:35", "end": "00:38:39", "text": "being such a heavily researched, you"}, {"start": "00:38:37", "end": "00:38:42", "text": "know, bunch of PhD nerds, you know, just"}, {"start": "00:38:39", "end": "00:38:44", "text": "pouring over the details, not shipping"}, {"start": "00:38:42", "end": "00:38:47", "text": "upgrades until every tea is crossed and"}, {"start": "00:38:44", "end": "00:38:49", "text": "every I and J is dotted. Maybe that"}, {"start": "00:38:47", "end": "00:38:52", "text": "might be advantageous if we see more"}, {"start": "00:38:49", "end": "00:38:54", "text": "hacks on L1's. Yeah, I would um I feel"}, {"start": "00:38:52", "end": "00:38:57", "text": "like there's like the focus of what"}, {"start": "00:38:54", "end": "00:39:01", "text": "Cardano is gonna do or working towards"}, {"start": "00:38:57", "end": "00:39:03", "text": "has been kind of boopping around and you"}, {"start": "00:39:01", "end": "00:39:06", "text": "know I would like to see some sort of"}, {"start": "00:39:03", "end": "00:39:08", "text": "concerted focused effort in an economy"}, {"start": "00:39:06", "end": "00:39:10", "text": "that is larger than trying to take over"}, {"start": "00:39:08", "end": "00:39:13", "text": "you know information systems in Africa"}, {"start": "00:39:10", "end": "00:39:15", "text": "and things. you know, it seems very it's"}, {"start": "00:39:13", "end": "00:39:16", "text": "very good from a humanity standpoint,"}, {"start": "00:39:15", "end": "00:39:19", "text": "but you need to kind of get the ball"}, {"start": "00:39:16", "end": "00:39:21", "text": "moving with with money flow uh to really"}, {"start": "00:39:19", "end": "00:39:22", "text": "have the thing buoyant. So, you know,"}, {"start": "00:39:21", "end": "00:39:24", "text": "this is a tough situation."}, {"start": "00:39:22", "end": "00:39:26", "text": ">> It is. Uh speaking of tough situation,"}, {"start": "00:39:24", "end": "00:39:28", "text": "looks like ICP lost its support"}, {"start": "00:39:26", "end": "00:39:29", "text": "yesterday. It tried to hold on for a"}, {"start": "00:39:28", "end": "00:39:31", "text": "little bit. We'll see a little bit when"}, {"start": "00:39:29", "end": "00:39:32", "text": "we zoom into the 1 hour, but we pointed"}, {"start": "00:39:31", "end": "00:39:35", "text": "this out yesterday. This isn't quite"}, {"start": "00:39:32", "end": "00:39:37", "text": "that February low. Unlike most coins, it"}, {"start": "00:39:35", "end": "00:39:40", "text": "actually went a little bit lower after"}, {"start": "00:39:37", "end": "00:39:42", "text": "February 6. Guess I guess you could just"}, {"start": "00:39:40", "end": "00:39:44", "text": "say the candle bodies did it open lower"}, {"start": "00:39:42", "end": "00:39:46", "text": "than it did previously, but it did wick"}, {"start": "00:39:44", "end": "00:39:48", "text": "slightly lower on the six. Move that"}, {"start": "00:39:46", "end": "00:39:50", "text": "just a little bit. So, we hit it here."}, {"start": "00:39:48", "end": "00:39:52", "text": "We hit it here and look what happened."}, {"start": "00:39:50", "end": "00:39:54", "text": "Let's go to the 1 hour. It tried to"}, {"start": "00:39:52", "end": "00:39:56", "text": "dance, Drew. It spent four hours, five"}, {"start": "00:39:54", "end": "00:39:58", "text": "hours, you know, getting shot at by its"}, {"start": "00:39:56", "end": "00:40:00", "text": "feet with a six shooter. You know, it"}, {"start": "00:39:58", "end": "00:40:01", "text": "was it was trying to dance. It was"}, {"start": "00:40:00", "end": "00:40:04", "text": "trying to dance. Eventually got, you"}, {"start": "00:40:01", "end": "00:40:06", "text": "know, that ankle popped and it just"}, {"start": "00:40:04", "end": "00:40:08", "text": "fell. level I'm looking at is really"}, {"start": "00:40:06", "end": "00:40:11", "text": "really close to where we're at right"}, {"start": "00:40:08", "end": "00:40:13", "text": "now. Just that local low that was in"}, {"start": "00:40:11", "end": "00:40:15", "text": "that same range."}, {"start": "00:40:13", "end": "00:40:18", "text": "Uh, you know, I mean, I think I think"}, {"start": "00:40:15", "end": "00:40:19", "text": "right here is a fairly okay spot. If we"}, {"start": "00:40:18", "end": "00:40:21", "text": "lose this though, I mean, we're"}, {"start": "00:40:19", "end": "00:40:23", "text": "definitely coming down to the next one."}, {"start": "00:40:21", "end": "00:40:24", "text": "Yeah, you got a couple couple touches."}, {"start": "00:40:23", "end": "00:40:26", "text": "Okay. Yeah, it looks even better once"}, {"start": "00:40:24", "end": "00:40:27", "text": "you zoom out this way. After that"}, {"start": "00:40:26", "end": "00:40:29", "text": "though, I mean, you need you need to"}, {"start": "00:40:27", "end": "00:40:32", "text": "watch down here. Yeah, I"}, {"start": "00:40:29", "end": "00:40:33", "text": ">> I'm not interested in buying ICP at"}, {"start": "00:40:32", "end": "00:40:36", "text": "this, you know, tenuous support"}, {"start": "00:40:33", "end": "00:40:40", "text": "personally. I uh this is one of my"}, {"start": "00:40:36", "end": "00:40:43", "text": "bigger winners of the past and just"}, {"start": "00:40:40", "end": "00:40:46", "text": "looking at that red candle on the daily."}, {"start": "00:40:43", "end": "00:40:47", "text": "Two red candles that size,"}, {"start": "00:40:46", "end": "00:40:49", "text": "you know,"}, {"start": "00:40:47", "end": "00:40:51", "text": ">> it's a 75% pump in 3 days."}, {"start": "00:40:49", "end": "00:40:52", "text": ">> It was a good pump. And it does this"}, {"start": "00:40:51", "end": "00:40:55", "text": "randomly, but"}, {"start": "00:40:52", "end": "00:40:57", "text": ">> not three."}, {"start": "00:40:55", "end": "00:40:59", "text": ">> My god, four days. 75% pump in four"}, {"start": "00:40:57", "end": "00:41:01", "text": "days. So if it pumps, don't be like,"}, {"start": "00:40:59", "end": "00:41:03", "text": "\"Hey, you told me.\" Look, this thing"}, {"start": "00:41:01", "end": "00:41:04", "text": "could pump insanely. Yeah, it probably"}, {"start": "00:41:03", "end": "00:41:07", "text": "will."}, {"start": "00:41:04", "end": "00:41:08", "text": ">> It's crime, so it can do as its wishes."}, {"start": "00:41:07", "end": "00:41:10", "text": "And"}, {"start": "00:41:08", "end": "00:41:13", "text": ">> I think like two bucks, maybe you'll"}, {"start": "00:41:10", "end": "00:41:15", "text": "find some support there, but like I'm"}, {"start": "00:41:13", "end": "00:41:16", "text": "not outside of"}, {"start": "00:41:15", "end": "00:41:18", "text": ">> Oh, that is right at two bucks. Yeah,"}, {"start": "00:41:16", "end": "00:41:19", "text": "that's at 2011. Yeah, the strong"}, {"start": "00:41:18", "end": "00:41:21", "text": "psychological support."}, {"start": "00:41:19", "end": "00:41:23", "text": ">> It is psychological support. I I might"}, {"start": "00:41:21", "end": "00:41:26", "text": "take a risky flyer bet on this thing in"}, {"start": "00:41:23", "end": "00:41:27", "text": "the dollars range, like 150, maybe a"}, {"start": "00:41:26", "end": "00:41:30", "text": "buck."}, {"start": "00:41:27", "end": "00:41:34", "text": ">> That is $2 to the micro penny. Yeah,"}, {"start": "00:41:30", "end": "00:41:35", "text": "that was mechanically defended. So,"}, {"start": "00:41:34", "end": "00:41:37", "text": "there is something mechanical in the"}, {"start": "00:41:35", "end": "00:41:38", "text": "background that holds it up above."}, {"start": "00:41:37", "end": "00:41:40", "text": ">> The problem Yeah. The problem with the"}, {"start": "00:41:38", "end": "00:41:42", "text": "buy walls, you know, everybody just has"}, {"start": "00:41:40", "end": "00:41:44", "text": "buy orders at $2,"}, {"start": "00:41:42", "end": "00:41:45", "text": ">> you know, you you could take that wall"}, {"start": "00:41:44", "end": "00:41:46", "text": "down the Chinese."}, {"start": "00:41:45", "end": "00:41:47", "text": ">> Oh, yeah."}, {"start": "00:41:46", "end": "00:41:51", "text": ">> Like what Atella the Hun did."}, {"start": "00:41:47", "end": "00:41:55", "text": ">> Yeah. Like I I don't see ICP actually"}, {"start": "00:41:51", "end": "00:41:57", "text": "accomplishing its main mission of"}, {"start": "00:41:55", "end": "00:42:00", "text": ">> taking over AWS and what the internet"}, {"start": "00:41:57", "end": "00:42:03", "text": "is. I don't see ICP as that winner. But"}, {"start": "00:42:00", "end": "00:42:05", "text": "I do see that it runs very viciously if"}, {"start": "00:42:03", "end": "00:42:07", "text": "you're able to buy disgusting lows."}, {"start": "00:42:05", "end": "00:42:08", "text": "Manowok, good to see you."}, {"start": "00:42:07", "end": "00:42:10", "text": ">> Yeah, always a good time. Always a good"}, {"start": "00:42:08", "end": "00:42:14", "text": "time. Let's look at Salana."}, {"start": "00:42:10", "end": "00:42:16", "text": "So we said if it loses 78, watch 68."}, {"start": "00:42:14", "end": "00:42:18", "text": "It's funny, you know that I also tried"}, {"start": "00:42:16", "end": "00:42:22", "text": "to hold at 68, but Drew, I noticed we"}, {"start": "00:42:18", "end": "00:42:23", "text": "lose 68. Look at 58. Almost suspicious."}, {"start": "00:42:22", "end": "00:42:26", "text": "Almost suspicious. Why are we looking at"}, {"start": "00:42:23", "end": "00:42:28", "text": "$58 as the next potential target? This"}, {"start": "00:42:26", "end": "00:42:30", "text": "one, pretty simple explanation. Okay,"}, {"start": "00:42:28", "end": "00:42:32", "text": "it's where we wicked on February 6. A"}, {"start": "00:42:30", "end": "00:42:33", "text": "lot of tokens are finding support at"}, {"start": "00:42:32", "end": "00:42:34", "text": "this level. A lot of tokens are"}, {"start": "00:42:33", "end": "00:42:36", "text": "struggling with this level. A lot of"}, {"start": "00:42:34", "end": "00:42:37", "text": "tokens bounced around it for a little"}, {"start": "00:42:36", "end": "00:42:40", "text": "bit, but you know, then eventually"}, {"start": "00:42:37", "end": "00:42:42", "text": "capitulated. So, if you look at $58,"}, {"start": "00:42:40", "end": "00:42:43", "text": "this a nice clean little area of"}, {"start": "00:42:42", "end": "00:42:46", "text": "activity."}, {"start": "00:42:43", "end": "00:42:50", "text": ">> That's the range I like. I think 55"}, {"start": "00:42:46", "end": "00:42:51", "text": ">> $58 Salana. And it's also where it"}, {"start": "00:42:50", "end": "00:42:54", "text": "stopped here, May of 22. And I want to"}, {"start": "00:42:51", "end": "00:42:56", "text": "say it was Yep. Right here. M"}, {"start": "00:42:54", "end": "00:42:58", "text": ">> it was uh where it actually rejected"}, {"start": "00:42:56", "end": "00:42:59", "text": "during Bitcoin's all-time high in May or"}, {"start": "00:42:58", "end": "00:43:01", "text": "when the altcoins pumped right after"}, {"start": "00:42:59", "end": "00:43:04", "text": "Bitcoin pumped in May. Actually ended up"}, {"start": "00:43:01", "end": "00:43:06", "text": "rejecting and then ran up in the fall."}, {"start": "00:43:04", "end": "00:43:08", "text": ">> Yeah. Yeah. Like it did have some"}, {"start": "00:43:06", "end": "00:43:10", "text": "initial, you know, kind of support at 70"}, {"start": "00:43:08", "end": "00:43:14", "text": "and then ran back up. It tried to run"}, {"start": "00:43:10", "end": "00:43:15", "text": "back up to near 100 bucks recently, but"}, {"start": "00:43:14", "end": "00:43:17", "text": "you know, it's just fallen victim to"}, {"start": "00:43:15", "end": "00:43:19", "text": "being an alt in a bare market. That news"}, {"start": "00:43:17", "end": "00:43:21", "text": "with Mastercard yesterday was a pretty"}, {"start": "00:43:19", "end": "00:43:24", "text": "big deal, and I covered that on the uh"}, {"start": "00:43:21", "end": "00:43:26", "text": "nightly video. Um, a lot of kind of"}, {"start": "00:43:24", "end": "00:43:30", "text": "forefront mentions of Salana and this"}, {"start": "00:43:26", "end": "00:43:31", "text": "Mastercard payment setup. So, you know,"}, {"start": "00:43:30", "end": "00:43:34", "text": "again, I feel like Salana's got"}, {"start": "00:43:31", "end": "00:43:36", "text": "longevity ability with it. Might not"}, {"start": "00:43:34", "end": "00:43:39", "text": "have to rely on the pump fund action. I"}, {"start": "00:43:36", "end": "00:43:39", "text": ">> mean, that one hour looks absolutely"}, {"start": "00:43:39", "end": "00:43:42", "text": "brutal."}, {"start": "00:43:39", "end": "00:43:44", "text": ">> Yeah, this not found support yet, right?"}, {"start": "00:43:42", "end": "00:43:47", "text": "Had a moment, but"}, {"start": "00:43:44", "end": "00:43:48", "text": ">> I mean, it has a hell of a resistance"}, {"start": "00:43:47", "end": "00:43:51", "text": "actually."}, {"start": "00:43:48", "end": "00:43:54", "text": "So looking at old school uh volume node"}, {"start": "00:43:51", "end": "00:43:57", "text": "levels is going to matter on this trip"}, {"start": "00:43:54", "end": "00:43:59", "text": "downtown 55 seems reasonable and I I"}, {"start": "00:43:57", "end": "00:44:01", "text": "basically painted the buy box of where I"}, {"start": "00:43:59", "end": "00:44:04", "text": "get interested you know at the time"}, {"start": "00:44:01", "end": "00:44:06", "text": "frame it this also these prices that I'm"}, {"start": "00:44:04", "end": "00:44:08", "text": "targeting"}, {"start": "00:44:06", "end": "00:44:11", "text": "I have to follow general bull market"}, {"start": "00:44:08", "end": "00:44:14", "text": "movement of Bitcoin's money flow too. So"}, {"start": "00:44:11", "end": "00:44:16", "text": ">> Htown Htown representing uh I got"}, {"start": "00:44:14", "end": "00:44:18", "text": "sunburnt when I went to Florida. That's"}, {"start": "00:44:16", "end": "00:44:21", "text": "why I skipped a haircut this week. I"}, {"start": "00:44:18", "end": "00:44:23", "text": "just shaved my head to the skin."}, {"start": "00:44:21", "end": "00:44:25", "text": "Pause. I shaved my I shaved the top of"}, {"start": "00:44:23", "end": "00:44:27", "text": "my head here with the with some buzzers"}, {"start": "00:44:25", "end": "00:44:29", "text": "and I I skipped it, man. I was I was"}, {"start": "00:44:27", "end": "00:44:31", "text": "roasted. Roasted by that sun."}, {"start": "00:44:29", "end": "00:44:33", "text": ">> Yeah, it happens. You know, when you're"}, {"start": "00:44:31", "end": "00:44:35", "text": "bald and beautiful, you're exposed."}, {"start": "00:44:33", "end": "00:44:40", "text": ">> There's a particular area that, you"}, {"start": "00:44:35", "end": "00:44:40", "text": "know, not as much follicle shielding."}, {"start": "00:44:41", "end": "00:44:45", "text": ">> It gets cooked by the UV rays. Uh, as I"}, {"start": "00:44:43", "end": "00:44:47", "text": "get older, I'm not really going bald,"}, {"start": "00:44:45", "end": "00:44:48", "text": "but I'm going gray. You know, I'm going"}, {"start": "00:44:47", "end": "00:44:50", "text": "slightly gray."}, {"start": "00:44:48", "end": "00:44:53", "text": ">> Look, it's just a byproduct of a high"}, {"start": "00:44:50", "end": "00:44:54", "text": "tea ban. Yeah. You know, it's just high"}, {"start": "00:44:53", "end": "00:44:57", "text": "tea problems. Not everybody can relate."}, {"start": "00:44:54", "end": "00:44:59", "text": "Let's look at a link here. Warning,"}, {"start": "00:44:57", "end": "00:45:01", "text": "warning. Are we going to retest the"}, {"start": "00:44:59", "end": "00:45:04", "text": "February 6 low? Now, this one I actually"}, {"start": "00:45:01", "end": "00:45:06", "text": "like. So, when we're below the wick, I I"}, {"start": "00:45:04", "end": "00:45:07", "text": "get a little bit more worried because I"}, {"start": "00:45:06", "end": "00:45:09", "text": "feel like that's going to act as"}, {"start": "00:45:07", "end": "00:45:11", "text": "resistance until it can act as support."}, {"start": "00:45:09", "end": "00:45:13", "text": "But when it's at, you know, when it's"}, {"start": "00:45:11", "end": "00:45:15", "text": "not quite there, this I feel a little"}, {"start": "00:45:13", "end": "00:45:17", "text": "bit better like maybe this one can act a"}, {"start": "00:45:15", "end": "00:45:19", "text": "little bit bullishly. Uh I do think that"}, {"start": "00:45:17", "end": "00:45:20", "text": "it can hold this level. It is chain"}, {"start": "00:45:19", "end": "00:45:22", "text": "link. You know, a lot of people love"}, {"start": "00:45:20", "end": "00:45:25", "text": "this token. And also you can go back"}, {"start": "00:45:22", "end": "00:45:27", "text": "here. This is right before it took off"}, {"start": "00:45:25", "end": "00:45:30", "text": "with the Trump ele Oh no. This is"}, {"start": "00:45:27", "end": "00:45:33", "text": "October 23. So this is a huge huge pump"}, {"start": "00:45:30", "end": "00:45:37", "text": "right here as well."}, {"start": "00:45:33", "end": "00:45:41", "text": "Drew, yes or no? Can it hold the line?"}, {"start": "00:45:37", "end": "00:45:42", "text": ">> No. Saying no. saying no."}, {"start": "00:45:41", "end": "00:45:44", "text": ">> I think it's going into the uh kind of"}, {"start": "00:45:42", "end": "00:45:46", "text": "guts of that old accumulation channel"}, {"start": "00:45:44", "end": "00:45:48", "text": "from 23."}, {"start": "00:45:46", "end": "00:45:50", "text": ">> The $5 range."}, {"start": "00:45:48", "end": "00:45:51", "text": ">> Well, however, the $5 was the low of"}, {"start": "00:45:50", "end": "00:45:52", "text": "that."}, {"start": "00:45:51", "end": "00:45:55", "text": ">> Was the low. Okay."}, {"start": "00:45:52", "end": "00:45:57", "text": ">> Right. So, the guts of the range make"}, {"start": "00:45:55", "end": "00:46:00", "text": "more sense, right? The $7 chain link"}, {"start": "00:45:57", "end": "00:46:01", "text": "level maybe 650."}, {"start": "00:46:00", "end": "00:46:03", "text": ">> I mean, we're 30 cents away."}, {"start": "00:46:01", "end": "00:46:07", "text": ">> We're not that far away, right? And"}, {"start": "00:46:03", "end": "00:46:08", "text": "there is we have a long I hate to like"}, {"start": "00:46:07", "end": "00:46:10", "text": "for anyone that's looking for like the"}, {"start": "00:46:08", "end": "00:46:12", "text": "banana zone to happen tomorrow. You're"}, {"start": "00:46:10", "end": "00:46:15", "text": "going to be in for a rude awakening."}, {"start": "00:46:12", "end": "00:46:16", "text": ">> I don't know. ICP pumped 75% in 4 days."}, {"start": "00:46:15", "end": "00:46:19", "text": ">> I should have known the crime was going"}, {"start": "00:46:16", "end": "00:46:24", "text": "to happen. Um"}, {"start": "00:46:19", "end": "00:46:28", "text": "chain link it probably can hold above"}, {"start": "00:46:24", "end": "00:46:30", "text": "$5, but the size of that weekly candle"}, {"start": "00:46:28", "end": "00:46:34", "text": "to the downside is the beginning of a"}, {"start": "00:46:30", "end": "00:46:36", "text": "waterfall usually. And so, you know,"}, {"start": "00:46:34", "end": "00:46:38", "text": "God, that would take us that's a dollar."}, {"start": "00:46:36", "end": "00:46:39", "text": "I think half that's going to play out"}, {"start": "00:46:38", "end": "00:46:42", "text": "and you're probably gonna end up"}, {"start": "00:46:39", "end": "00:46:44", "text": "bouncing somewhere around 657 bucks on"}, {"start": "00:46:42", "end": "00:46:45", "text": "it, you know, but it's going to be"}, {"start": "00:46:44", "end": "00:46:48", "text": "around for a while. Nothing's replaced"}, {"start": "00:46:45", "end": "00:46:51", "text": "it in terms of being an oracle. Um, you"}, {"start": "00:46:48", "end": "00:46:52", "text": "know, so it is kind of that it's a zone"}, {"start": "00:46:51", "end": "00:46:54", "text": "where actually I like covering crypto"}, {"start": "00:46:52", "end": "00:46:55", "text": "more because we're like prices are low,"}, {"start": "00:46:54", "end": "00:46:57", "text": "right? It's always a pain in the butt"}, {"start": "00:46:55", "end": "00:46:59", "text": "chasing high prices. This"}, {"start": "00:46:57", "end": "00:47:02", "text": ">> Yeah, this is the S&P 500. It's almost a"}, {"start": "00:46:59", "end": "00:47:04", "text": "warning really. Uh, you know, we we got"}, {"start": "00:47:02", "end": "00:47:05", "text": "out of that parallel range. Might come"}, {"start": "00:47:04", "end": "00:47:07", "text": "if we come back down. I think we're"}, {"start": "00:47:05", "end": "00:47:08", "text": "going to bounce off that parallel range."}, {"start": "00:47:07", "end": "00:47:11", "text": "I don't know if I have it up here still."}, {"start": "00:47:08", "end": "00:47:12", "text": "It's so hard to see that gray. Uh, might"}, {"start": "00:47:11", "end": "00:47:15", "text": "have got rid of it there. But yeah, this"}, {"start": "00:47:12", "end": "00:47:17", "text": "is, you know, nice little pivot from the"}, {"start": "00:47:15", "end": "00:47:19", "text": "low. This is at the end of March of this"}, {"start": "00:47:17", "end": "00:47:20", "text": "year, 2026. Came back down, actually"}, {"start": "00:47:19", "end": "00:47:23", "text": "held support, held support, held"}, {"start": "00:47:20", "end": "00:47:26", "text": "support, then crashed. And if we go to"}, {"start": "00:47:23", "end": "00:47:28", "text": "the 4 hour, you see uh didn't quite come"}, {"start": "00:47:26", "end": "00:47:30", "text": "up and retest this. But just to me, if"}, {"start": "00:47:28", "end": "00:47:32", "text": "we keep pumping, I would look at this"}, {"start": "00:47:30", "end": "00:47:34", "text": "line specifically as a potential"}, {"start": "00:47:32", "end": "00:47:35", "text": "resistance zone. If you're still long on"}, {"start": "00:47:34", "end": "00:47:37", "text": "the stock market, especially after the"}, {"start": "00:47:35", "end": "00:47:39", "text": "US government said we're buying AI"}, {"start": "00:47:37", "end": "00:47:40", "text": "stocks,"}, {"start": "00:47:39", "end": "00:47:42", "text": "this might be just a level I'm going to"}, {"start": "00:47:40", "end": "00:47:42", "text": "be paying attention to here."}, {"start": "00:47:42", "end": "00:47:44", "text": ">> Yeah,"}, {"start": "00:47:42", "end": "00:47:46", "text": ">> we're going to see if anybody wants to"}, {"start": "00:47:44", "end": "00:47:48", "text": "see some altcoins, pick up some unis"}, {"start": "00:47:46", "end": "00:47:50", "text": "swap. Okay, so what do we got for uni?"}, {"start": "00:47:48", "end": "00:47:52", "text": "Haven't looked at the uni charts in a"}, {"start": "00:47:50", "end": "00:47:54", "text": "while, I don't believe."}, {"start": "00:47:52", "end": "00:47:56", "text": "Here we go."}, {"start": "00:47:54", "end": "00:47:59", "text": "We sliced through that support. This one"}, {"start": "00:47:56", "end": "00:48:03", "text": "I also feel. Okay, so this is the again."}, {"start": "00:47:59", "end": "00:48:06", "text": "Okay, look at that, Drew at the February"}, {"start": "00:48:03", "end": "00:48:08", "text": "uh the Yeah, the October 10th wick."}, {"start": "00:48:06", "end": "00:48:08", "text": ">> We're tempting fate. We're knocking on"}, {"start": "00:48:08", "end": "00:48:10", "text": "death."}, {"start": "00:48:08", "end": "00:48:11", "text": ">> Tempting fate playing around with that"}, {"start": "00:48:10", "end": "00:48:15", "text": "wick there."}, {"start": "00:48:11", "end": "00:48:16", "text": ">> I It's a little sketchy for sure."}, {"start": "00:48:15", "end": "00:48:18", "text": "They actually make it flat."}, {"start": "00:48:16", "end": "00:48:20", "text": ">> I haven't seen any like exciting up"}, {"start": "00:48:18", "end": "00:48:23", "text": "updates from Uniswap in a while. I don't"}, {"start": "00:48:20", "end": "00:48:24", "text": ">> I mean they make revenue by llama, you"}, {"start": "00:48:23", "end": "00:48:26", "text": "know, they're still up there."}, {"start": "00:48:24", "end": "00:48:28", "text": ">> Check them out. This is an old school"}, {"start": "00:48:26", "end": "00:48:29", "text": "DeFi platform that's like, you know,"}, {"start": "00:48:28", "end": "00:48:30", "text": "still kicking along. I think it's Hayden"}, {"start": "00:48:29", "end": "00:48:32", "text": "Adams that's behind it."}, {"start": "00:48:30", "end": "00:48:34", "text": ">> I think you I think what it is, you have"}, {"start": "00:48:32", "end": "00:48:37", "text": "to go to revenue or fees instead of"}, {"start": "00:48:34", "end": "00:48:38", "text": "revenue cuz the difference between fees"}, {"start": "00:48:37", "end": "00:48:41", "text": "and revenue. Fees are going to go to the"}, {"start": "00:48:38", "end": "00:48:43", "text": "people. Uh revenue is going to go say to"}, {"start": "00:48:41", "end": "00:48:46", "text": "the team here. So yeah, you see unis"}, {"start": "00:48:43", "end": "00:48:48", "text": "swap number four on fees, but if you go"}, {"start": "00:48:46", "end": "00:48:49", "text": "to revenue,"}, {"start": "00:48:48", "end": "00:48:50", "text": "so sometimes you might not see it. It's"}, {"start": "00:48:49", "end": "00:48:54", "text": "because you're looking at the wrong"}, {"start": "00:48:50", "end": "00:48:56", "text": "thing. Uh no unis swap. M."}, {"start": "00:48:54", "end": "00:48:57", "text": ">> So it's a fees versus re Okay. There it"}, {"start": "00:48:56", "end": "00:48:59", "text": "goes all the way down to number 17."}, {"start": "00:48:57", "end": "00:49:00", "text": ">> Okay. Okay."}, {"start": "00:48:59", "end": "00:49:02", "text": ">> Yeah."}, {"start": "00:49:00", "end": "00:49:03", "text": ">> Protocol makes no revenue."}, {"start": "00:49:02", "end": "00:49:04", "text": ">> That's a problem."}, {"start": "00:49:03", "end": "00:49:06", "text": ">> It makes fees."}, {"start": "00:49:04", "end": "00:49:07", "text": ">> Makes fees. Uh"}, {"start": "00:49:06", "end": "00:49:08", "text": ">> should we explain what that means?"}, {"start": "00:49:07", "end": "00:49:10", "text": ">> Yes. Go into it."}, {"start": "00:49:08", "end": "00:49:13", "text": ">> So revenue for Hyperlquid. You use"}, {"start": "00:49:10", "end": "00:49:15", "text": "Hyperlquid. Hyperlquid gets a fee and"}, {"start": "00:49:13", "end": "00:49:17", "text": "they that is their revenue because of"}, {"start": "00:49:15", "end": "00:49:20", "text": "that fee. But unis swap fees don't go to"}, {"start": "00:49:17", "end": "00:49:23", "text": "unis swap. Unis swap fees give revenue"}, {"start": "00:49:20", "end": "00:49:25", "text": "to the holders of the liquidity. That's"}, {"start": "00:49:23", "end": "00:49:27", "text": "uh let me kind of boil that down. If"}, {"start": "00:49:25", "end": "00:49:30", "text": "there's a trading pair on unis swap,"}, {"start": "00:49:27", "end": "00:49:32", "text": "hey, I want to buy this AI altcoin, that"}, {"start": "00:49:30", "end": "00:49:34", "text": "trading pair has a liquidity pool. So"}, {"start": "00:49:32", "end": "00:49:38", "text": "the people who put in that AI altcoin"}, {"start": "00:49:34", "end": "00:49:40", "text": "and put in ETH, it's a 50-50 balance."}, {"start": "00:49:38", "end": "00:49:41", "text": "That's who gets the fees. That's why you"}, {"start": "00:49:40", "end": "00:49:43", "text": "don't see revenue under UNIS swap."}, {"start": "00:49:41", "end": "00:49:44", "text": ">> Yeah, it's a good explanation, right?"}, {"start": "00:49:43", "end": "00:49:47", "text": "And it's good for liquidity pool"}, {"start": "00:49:44", "end": "00:49:50", "text": "operators on UNI, right? Like they get"}, {"start": "00:49:47", "end": "00:49:52", "text": "the uh good return, but TA, we can look"}, {"start": "00:49:50", "end": "00:49:55", "text": "at TOA. I don't know why I'm typing in"}, {"start": "00:49:52", "end": "00:49:56", "text": "Tao. Tao doesn't pop up when you type in"}, {"start": "00:49:55", "end": "00:49:59", "text": "Tao. So, what you actually got to do is"}, {"start": "00:49:56", "end": "00:50:00", "text": "type in Bit Tensor"}, {"start": "00:49:59", "end": "00:50:04", "text": "and then you'll see it. Bam. Right"}, {"start": "00:50:00", "end": "00:50:05", "text": "there. Morpho. Can Morpho flip a that"}, {"start": "00:50:04", "end": "00:50:06", "text": "Drew? I'm going to let you answer that"}, {"start": "00:50:05", "end": "00:50:06", "text": "question. That is actually a very good"}, {"start": "00:50:06", "end": "00:50:08", "text": "question."}, {"start": "00:50:06", "end": "00:50:13", "text": ">> I think it's soon. I think you're at"}, {"start": "00:50:08", "end": "00:50:15", "text": "like 11 billion TVL probably about on a"}, {"start": "00:50:13", "end": "00:50:16", "text": "after the latest dump."}, {"start": "00:50:15", "end": "00:50:18", "text": ">> Look where we're at."}, {"start": "00:50:16", "end": "00:50:20", "text": ">> Um, Tensor. Oh, yeah."}, {"start": "00:50:18", "end": "00:50:21", "text": ">> Right at the midway point. Literally at"}, {"start": "00:50:20", "end": "00:50:25", "text": "the midway point."}, {"start": "00:50:21", "end": "00:50:29", "text": ">> Yep. 150 to 200's my green box on Tao."}, {"start": "00:50:25", "end": "00:50:31", "text": "Um A is falling down to Morpho's level"}, {"start": "00:50:29", "end": "00:50:35", "text": "very quickly. I think Morpho is going to"}, {"start": "00:50:31", "end": "00:50:37", "text": "flip a so thinking so."}, {"start": "00:50:35", "end": "00:50:40", "text": ">> Uh yeah, people especially after all"}, {"start": "00:50:37", "end": "00:50:44", "text": "these hacks. Uh so Morpho doesn't pop up"}, {"start": "00:50:40", "end": "00:50:47", "text": "if you do Morpho USD does it."}, {"start": "00:50:44", "end": "00:50:50", "text": "There it goes."}, {"start": "00:50:47", "end": "00:50:51", "text": "Wronger than most."}, {"start": "00:50:50", "end": "00:50:52", "text": "stronger than most."}, {"start": "00:50:51", "end": "00:50:53", "text": ">> Oh, wow. Look at that."}, {"start": "00:50:52", "end": "00:50:55", "text": ">> Yeah."}, {"start": "00:50:53", "end": "00:50:57", "text": ">> Bam. Yeah. Could not get out of this"}, {"start": "00:50:55", "end": "00:50:59", "text": "range, but definitely fell below it. And"}, {"start": "00:50:57", "end": "00:51:02", "text": "right now, we're retesting this May low."}, {"start": "00:50:59", "end": "00:51:05", "text": ">> I think uh Morpho is probably going to"}, {"start": "00:51:02", "end": "00:51:11", "text": "be the new golden child of American"}, {"start": "00:51:05", "end": "00:51:13", "text": "DeFi. So, you know, this one um I did"}, {"start": "00:51:11", "end": "00:51:16", "text": "not give up on it when it fell to 87"}, {"start": "00:51:13", "end": "00:51:19", "text": "cents. I like quadrupled down. And then"}, {"start": "00:51:16", "end": "00:51:22", "text": "I did take profits. Um, but I still hold"}, {"start": "00:51:19", "end": "00:51:24", "text": "a small bag of it. I am looking to like"}, {"start": "00:51:22", "end": "00:51:27", "text": "this level at $160 is reasonable for me,"}, {"start": "00:51:24", "end": "00:51:29", "text": "but the velocity of this draw down that"}, {"start": "00:51:27", "end": "00:51:32", "text": "everything's getting I mean everything"}, {"start": "00:51:29", "end": "00:51:33", "text": "from the$130 to $150, that's where I get"}, {"start": "00:51:32", "end": "00:51:34", "text": "much more aggressive."}, {"start": "00:51:33", "end": "00:51:36", "text": ">> Yeah, we're not seeing any kind of"}, {"start": "00:51:34", "end": "00:51:37", "text": "reversal signals at least right now. You"}, {"start": "00:51:36", "end": "00:51:39", "text": "know, I mean, things can change. We're"}, {"start": "00:51:37", "end": "00:51:41", "text": "seeing a little bit of bull divs on some"}, {"start": "00:51:39", "end": "00:51:44", "text": "1 hours for a lot of these coins, but"}, {"start": "00:51:41", "end": "00:51:46", "text": "almost every single 4hour RSI looks"}, {"start": "00:51:44", "end": "00:51:48", "text": "pretty nasty like it might head down."}, {"start": "00:51:46", "end": "00:51:52", "text": "Ave. I told you guys to sell your A. I"}, {"start": "00:51:48", "end": "00:51:55", "text": "told you. Told you. I'm dumping my A. A"}, {"start": "00:51:52", "end": "00:51:58", "text": "looks terrible."}, {"start": "00:51:55", "end": "00:51:59", "text": ">> Let's talk about some levels."}, {"start": "00:51:58", "end": "00:52:00", "text": ">> I mean, I hate to say it, but it looks"}, {"start": "00:51:59", "end": "00:52:03", "text": "like it might be coming down to 50"}, {"start": "00:52:00", "end": "00:52:05", "text": "bucks. I I think it's strong support at"}, {"start": "00:52:03", "end": "00:52:07", "text": "50. I I'll give you that."}, {"start": "00:52:05", "end": "00:52:10", "text": ">> Well, there's a lot of TVL to still"}, {"start": "00:52:07", "end": "00:52:12", "text": "bleed out of a too. So,"}, {"start": "00:52:10", "end": "00:52:14", "text": ">> and boom. We'll throw this down just so"}, {"start": "00:52:12", "end": "00:52:16", "text": "we can revisit it in the future and"}, {"start": "00:52:14", "end": "00:52:18", "text": "maybe it comes out. Maybe it doesn't."}, {"start": "00:52:16", "end": "00:52:20", "text": "Oh, yeah. Oh, yeah. Yeah. I like I like"}, {"start": "00:52:18", "end": "00:52:22", "text": "this area. It's right at $50. I mean,"}, {"start": "00:52:20", "end": "00:52:25", "text": "you can maybe move it to just 50"}, {"start": "00:52:22", "end": "00:52:27", "text": "psychological level."}, {"start": "00:52:25", "end": "00:52:29", "text": "Close enough. We're three pennies away."}, {"start": "00:52:27", "end": "00:52:31", "text": "Uh yeah, that's I would keep an eye on"}, {"start": "00:52:29", "end": "00:52:33", "text": "50 cents."}, {"start": "00:52:31", "end": "00:52:35", "text": ">> THAT'S A GREAT BUY."}, {"start": "00:52:33", "end": "00:52:37", "text": ">> 50 CENTS is a great buy on a man."}, {"start": "00:52:35", "end": "00:52:38", "text": ">> Yeah, I'd buy all the a I can at 50"}, {"start": "00:52:37", "end": "00:52:39", "text": "cents there."}, {"start": "00:52:38", "end": "00:52:42", "text": ">> A holder"}, {"start": "00:52:39", "end": "00:52:43", "text": ">> near Near is wrecked. $2 super chat"}, {"start": "00:52:42", "end": "00:52:46", "text": "here."}, {"start": "00:52:43", "end": "00:52:46", "text": "Normally have to type in near pro. Okay."}, {"start": "00:52:46", "end": "00:52:48", "text": "Boom."}, {"start": "00:52:46", "end": "00:52:50", "text": ">> Yeah. I mean I I think we see it coming"}, {"start": "00:52:48", "end": "00:52:52", "text": "down maybe to this level right here."}, {"start": "00:52:50", "end": "00:52:53", "text": "Just retest some of these levels. Yeah."}, {"start": "00:52:52", "end": "00:52:55", "text": ">> Oh yeah. Right there. Super clean."}, {"start": "00:52:53", "end": "00:52:56", "text": ">> I was tell like we were looking at the"}, {"start": "00:52:55", "end": "00:52:59", "text": "green chart. I was like you're pumping"}, {"start": "00:52:56", "end": "00:53:01", "text": "by what 100% in a bare market. Protect"}, {"start": "00:52:59", "end": "00:53:03", "text": "profits for God's sakes. Like"}, {"start": "00:53:01", "end": "00:53:04", "text": ">> I mean the pumps are very good."}, {"start": "00:53:03", "end": "00:53:05", "text": ">> They are good."}, {"start": "00:53:04", "end": "00:53:08", "text": ">> 37% in three days,"}, {"start": "00:53:05", "end": "00:53:09", "text": ">> right? Like from a$120 or whatever it"}, {"start": "00:53:08", "end": "00:53:11", "text": "had been at. I mean you're"}, {"start": "00:53:09", "end": "00:53:14", "text": ">> that doubled your money in one week."}, {"start": "00:53:11", "end": "00:53:15", "text": ">> 2x. So, there's opportunities. There are"}, {"start": "00:53:14", "end": "00:53:16", "text": "opportunities in crypto. Just be careful"}, {"start": "00:53:15", "end": "00:53:18", "text": "trying to catch these falling knives,"}, {"start": "00:53:16", "end": "00:53:19", "text": "folks. That would be my advice right"}, {"start": "00:53:18", "end": "00:53:20", "text": "there. All right. Well, that is the show"}, {"start": "00:53:19", "end": "00:53:22", "text": "for today. Want to make it a little bit"}, {"start": "00:53:20", "end": "00:53:24", "text": "shorter for the weekend. I'm going to"}, {"start": "00:53:22", "end": "00:53:26", "text": "put out a Cardano video probably going"}, {"start": "00:53:24", "end": "00:53:28", "text": "out tomorrow morning. I'll just, you"}, {"start": "00:53:26", "end": "00:53:31", "text": "know, say, is it over? What's going on"}, {"start": "00:53:28", "end": "00:53:33", "text": "with Cardano? Am I selling?"}, {"start": "00:53:31", "end": "00:53:34", "text": "You know the answer to that. Hit the"}, {"start": "00:53:33", "end": "00:53:37", "text": "like button on the way out, folks."}, {"start": "00:53:34", "end": "00:53:38", "text": ">> All right. Take care. We just wanted to"}, {"start": "00:53:37", "end": "00:53:40", "text": "take a quick second to shout out our"}, {"start": "00:53:38", "end": "00:53:42", "text": "sponsor, Arculus. They are a cold"}, {"start": "00:53:40", "end": "00:53:43", "text": "storage hardware wallet. Helps you"}, {"start": "00:53:42", "end": "00:53:45", "text": "secure all of your digital assets for"}, {"start": "00:53:43", "end": "00:53:46", "text": "the future. Just tap this thing to the"}, {"start": "00:53:45", "end": "00:53:48", "text": "back of your phone and boom, you're in."}, {"start": "00:53:46", "end": "00:53:50", "text": "We wouldn't be able to do this without"}, {"start": "00:53:48", "end": "00:53:52", "text": "them, but also wouldn't be able to do"}, {"start": "00:53:50", "end": "00:53:53", "text": "this without you guys, the Disco Fam."}, {"start": "00:53:52", "end": "00:53:54", "text": "You've supported us a lot over the"}, {"start": "00:53:53", "end": "00:53:57", "text": "years. If you want to support the"}, {"start": "00:53:54", "end": "00:53:59", "text": "channel now, just use the code DC20. It"}, {"start": "00:53:57", "end": "00:54:01", "text": "gets you 20% off this card. It's the"}, {"start": "00:53:59", "end": "00:54:02", "text": "number one way you can support this"}, {"start": "00:54:01", "end": "00:54:07", "text": "channel going forward. Thank you for"}, {"start": "00:54:02", "end": "00:54:07", "text": "your support. We'll see you at the top."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "the strategic Bitcoin reserve is"}, {"start": "00:00:02", "end": "00:00:06", "text": "something"}, {"start": "00:00:04", "end": "00:00:09", "text": "this is new technology. This is new"}, {"start": "00:00:06", "end": "00:00:12", "text": "ground. We are proceeding the with all"}, {"start": "00:00:09", "end": "00:00:14", "text": "deliberate speed and we are making sure"}, {"start": "00:00:12", "end": "00:00:16", "text": "that as we are doing this in this"}, {"start": "00:00:14", "end": "00:00:20", "text": "complicated process that we use best"}, {"start": "00:00:16", "end": "00:00:23", "text": "practices and things will be durable for"}, {"start": "00:00:20", "end": "00:00:23", "text": "the future."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "The world's second largest payment"}, {"start": "00:00:02", "end": "00:00:07", "text": "processor on the planet just made it"}, {"start": "00:00:04", "end": "00:00:08", "text": "very clear they are changing the way"}, {"start": "00:00:07", "end": "00:00:11", "text": "money moves forever. And they've"}, {"start": "00:00:08", "end": "00:00:14", "text": "actually chosen Salana and a short list"}, {"start": "00:00:11", "end": "00:00:16", "text": "of very surprising crypto projects to"}, {"start": "00:00:14", "end": "00:00:18", "text": "make this happen. With bare markets"}, {"start": "00:00:16", "end": "00:00:21", "text": "being the time to buy from me and my"}, {"start": "00:00:18", "end": "00:00:23", "text": "spot portfolio to make those nasty gains"}, {"start": "00:00:21", "end": "00:00:25", "text": "when the bare market is done and we"}, {"start": "00:00:23", "end": "00:00:27", "text": "start to move to the upside. This is the"}, {"start": "00:00:25", "end": "00:00:29", "text": "ultimate buy signal for me and I'm going"}, {"start": "00:00:27", "end": "00:00:31", "text": "to go over some key levels that I'm"}, {"start": "00:00:29", "end": "00:00:33", "text": "looking out for on Salana and a couple"}, {"start": "00:00:31", "end": "00:00:35", "text": "projects that might actually surprise"}, {"start": "00:00:33", "end": "00:00:37", "text": "you are found on this Mastercard"}, {"start": "00:00:35", "end": "00:00:40", "text": "preferred list. Now keep in mind"}, {"start": "00:00:37", "end": "00:00:42", "text": "Mastercard moves just about $4 trillion"}, {"start": "00:00:40", "end": "00:00:44", "text": "in transactions a year and they have"}, {"start": "00:00:42", "end": "00:00:46", "text": "made it very very clear this is an"}, {"start": "00:00:44", "end": "00:00:48", "text": "official release from the Mastercard"}, {"start": "00:00:46", "end": "00:00:50", "text": "website that they are expanding their"}, {"start": "00:00:48", "end": "00:00:53", "text": "settlement capabilities to include"}, {"start": "00:00:50", "end": "00:00:55", "text": "stable coins intraday holiday and"}, {"start": "00:00:53", "end": "00:00:58", "text": "weekend options. Now, this is a very"}, {"start": "00:00:55", "end": "00:01:00", "text": "clear sign for us in crypto that stable"}, {"start": "00:00:58", "end": "00:01:02", "text": "coins are really what Main Street and"}, {"start": "00:01:00", "end": "00:01:05", "text": "the existing financial sector wants out"}, {"start": "00:01:02", "end": "00:01:07", "text": "of crypto. Companies like Mastercard and"}, {"start": "00:01:05", "end": "00:01:10", "text": "Visa want instantaneous settlement"}, {"start": "00:01:07", "end": "00:01:11", "text": "across the globe for transactions and"}, {"start": "00:01:10", "end": "00:01:13", "text": "the best way to do it is what's been"}, {"start": "00:01:11", "end": "00:01:15", "text": "developed out of crypto in the stable"}, {"start": "00:01:13", "end": "00:01:18", "text": "coin sector. Now, there's a short list"}, {"start": "00:01:15", "end": "00:01:20", "text": "of altcoins that have very strong stable"}, {"start": "00:01:18", "end": "00:01:22", "text": "coin infrastructure that are on the"}, {"start": "00:01:20", "end": "00:01:24", "text": "chosen list for this next movement. The"}, {"start": "00:01:22", "end": "00:01:26", "text": "proof is in the pudding from their"}, {"start": "00:01:24", "end": "00:01:28", "text": "official source. The proof is in the"}, {"start": "00:01:26", "end": "00:01:30", "text": "pudding that crypto is here to stay on"}, {"start": "00:01:28", "end": "00:01:32", "text": "this official release. Mastercard"}, {"start": "00:01:30", "end": "00:01:34", "text": "announced these plans supporting both"}, {"start": "00:01:32", "end": "00:01:36", "text": "fiat currencies and onchain card"}, {"start": "00:01:34", "end": "00:01:38", "text": "settlement. The proof can be found"}, {"start": "00:01:36", "end": "00:01:40", "text": "within the details of this release. So,"}, {"start": "00:01:38", "end": "00:01:42", "text": "let's have a look. Supporting both fiat"}, {"start": "00:01:40", "end": "00:01:45", "text": "currencies and onchain card settlement"}, {"start": "00:01:42", "end": "00:01:46", "text": "using regulated stable coins. The stable"}, {"start": "00:01:45", "end": "00:01:48", "text": "coins are going to be allowed to come"}, {"start": "00:01:46", "end": "00:01:50", "text": "through the door of what we know as"}, {"start": "00:01:48", "end": "00:01:51", "text": "money movement currently. In my opinion,"}, {"start": "00:01:50", "end": "00:01:53", "text": "they're releasing this expecting a full"}, {"start": "00:01:51", "end": "00:01:55", "text": "approval of the Clarity Act in a short"}, {"start": "00:01:53", "end": "00:01:57", "text": "order. These enhancements introduce"}, {"start": "00:01:55", "end": "00:01:59", "text": "greater flexibility in how partners"}, {"start": "00:01:57", "end": "00:02:01", "text": "manage settlement timing and liquidity"}, {"start": "00:01:59", "end": "00:02:03", "text": "while continuing to operate alongside"}, {"start": "00:02:01", "end": "00:02:04", "text": "the existing process. They are"}, {"start": "00:02:03", "end": "00:02:07", "text": "particularly relevant for the use case"}, {"start": "00:02:04", "end": "00:02:10", "text": "where timing and transparency are key"}, {"start": "00:02:07", "end": "00:02:12", "text": "including crossber payments, treasury"}, {"start": "00:02:10", "end": "00:02:14", "text": "and payouts. A streamlined transition"}, {"start": "00:02:12", "end": "00:02:16", "text": "from what we know as the way money moves"}, {"start": "00:02:14", "end": "00:02:19", "text": "to a cryptobased instant settlement"}, {"start": "00:02:16", "end": "00:02:21", "text": "process. Shoppers pay, issue of"}, {"start": "00:02:19", "end": "00:02:23", "text": "transfers. Mastercard stable coin"}, {"start": "00:02:21", "end": "00:02:25", "text": "settlements happen in between and then"}, {"start": "00:02:23", "end": "00:02:27", "text": "send it to the acquirer and the merchant"}, {"start": "00:02:25", "end": "00:02:29", "text": "gets paid instantly. Now, Mastercard"}, {"start": "00:02:27", "end": "00:02:31", "text": "will support a settlement using"}, {"start": "00:02:29", "end": "00:02:34", "text": "regulated stable coins including circles"}, {"start": "00:02:31", "end": "00:02:35", "text": "USDC, obviously the Goldman Sachs in"}, {"start": "00:02:34", "end": "00:02:37", "text": "crowd. They've already supported early"}, {"start": "00:02:35", "end": "00:02:40", "text": "onchain settlement flows in select"}, {"start": "00:02:37", "end": "00:02:42", "text": "markets as well as Paxos issued stable"}, {"start": "00:02:40", "end": "00:02:45", "text": "coins like PYUSDC,"}, {"start": "00:02:42", "end": "00:02:48", "text": "USDG, and USDP. But here's the surprise"}, {"start": "00:02:45", "end": "00:02:50", "text": "for us crypto dgens. Ripple's stable"}, {"start": "00:02:48", "end": "00:02:54", "text": "coin RLUSD"}, {"start": "00:02:50", "end": "00:02:56", "text": "and SoFi's SoFi USD. These stable coins"}, {"start": "00:02:54", "end": "00:02:58", "text": "will be enabled across a range of"}, {"start": "00:02:56", "end": "00:03:00", "text": "supported blockchain networks. This also"}, {"start": "00:02:58", "end": "00:03:03", "text": "includes a lot of layer 2s on Ethereum"}, {"start": "00:03:00", "end": "00:03:05", "text": "like arbitum, the base network, which I"}, {"start": "00:03:03", "end": "00:03:07", "text": "have a very particular project on the"}, {"start": "00:03:05", "end": "00:03:09", "text": "base network that's probably going to do"}, {"start": "00:03:07", "end": "00:03:11", "text": "really well over the next few years from"}, {"start": "00:03:09", "end": "00:03:13", "text": "Bass being integrated. Canton. We are I"}, {"start": "00:03:11", "end": "00:03:15", "text": "already hold a bag of Canton, so this is"}, {"start": "00:03:13", "end": "00:03:17", "text": "great to see it on the list, but I'm"}, {"start": "00:03:15", "end": "00:03:19", "text": "going to be mapping out my buy spots for"}, {"start": "00:03:17", "end": "00:03:23", "text": "a lot of these different things included"}, {"start": "00:03:19", "end": "00:03:25", "text": "Ethereum, Polygon, Salana, Tempo, and"}, {"start": "00:03:23", "end": "00:03:28", "text": "XRPPL. Now, the whole question is why"}, {"start": "00:03:25", "end": "00:03:30", "text": "would they choose some of these stable"}, {"start": "00:03:28", "end": "00:03:31", "text": "coin rails to make this movement happen?"}, {"start": "00:03:30", "end": "00:03:33", "text": "Are they just trying to be nice to the"}, {"start": "00:03:31", "end": "00:03:35", "text": "crypto people, or is there actual"}, {"start": "00:03:33", "end": "00:03:36", "text": "utility here? Well, let's have a listen"}, {"start": "00:03:35", "end": "00:03:37", "text": "to what the vice president of the"}, {"start": "00:03:36", "end": "00:03:40", "text": "blockchain and digital assets at"}, {"start": "00:03:37", "end": "00:03:42", "text": "Mastercard has to say. He says the next"}, {"start": "00:03:40", "end": "00:03:44", "text": "phase of stable coin adoption is about"}, {"start": "00:03:42", "end": "00:03:46", "text": "realworld utility, especially in"}, {"start": "00:03:44", "end": "00:03:48", "text": "settlement where timing and liquidity"}, {"start": "00:03:46", "end": "00:03:50", "text": "matter most. By introducing intraday and"}, {"start": "00:03:48", "end": "00:03:52", "text": "weekend settlement options across the"}, {"start": "00:03:50", "end": "00:03:54", "text": "global network, we're expanding how"}, {"start": "00:03:52", "end": "00:03:57", "text": "partners manage liquidity and operate in"}, {"start": "00:03:54", "end": "00:03:59", "text": "an always on digital economy where"}, {"start": "00:03:57", "end": "00:04:01", "text": "maintaining trust, resilience, and"}, {"start": "00:03:59", "end": "00:04:04", "text": "safeguards is still there. The things"}, {"start": "00:04:01", "end": "00:04:06", "text": "that people expect from Mastercard. So"}, {"start": "00:04:04", "end": "00:04:07", "text": "this is pretty damn big news. It's"}, {"start": "00:04:06", "end": "00:04:09", "text": "happening during a bare market, so it"}, {"start": "00:04:07", "end": "00:04:11", "text": "might be flying over people's heads. But"}, {"start": "00:04:09", "end": "00:04:13", "text": "now, I'm going to map out some of the"}, {"start": "00:04:11", "end": "00:04:15", "text": "bigger portions of the chosen crypto"}, {"start": "00:04:13", "end": "00:04:18", "text": "projects behind this release to talk"}, {"start": "00:04:15", "end": "00:04:21", "text": "about my expected buy levels for Salana,"}, {"start": "00:04:18", "end": "00:04:23", "text": "XRP, and a slight surprise for some that"}, {"start": "00:04:21", "end": "00:04:24", "text": "are just kind of new uh to what I've"}, {"start": "00:04:23", "end": "00:04:26", "text": "been watching over the past few years in"}, {"start": "00:04:24", "end": "00:04:28", "text": "crypto. But Bitcoin is definitely in a"}, {"start": "00:04:26", "end": "00:04:31", "text": "bare market. Bare markets are where I"}, {"start": "00:04:28", "end": "00:04:32", "text": "buy crypto to make the good upside. And"}, {"start": "00:04:31", "end": "00:04:34", "text": "recently, we've seen the red dot on"}, {"start": "00:04:32", "end": "00:04:36", "text": "money flow give us the likelihood of a"}, {"start": "00:04:34", "end": "00:04:38", "text": "downturn on Bitcoin, which is definitely"}, {"start": "00:04:36", "end": "00:04:40", "text": "playing out. Now, the chop zone in"}, {"start": "00:04:38", "end": "00:04:42", "text": "Bitcoin's money flow is usually where I"}, {"start": "00:04:40", "end": "00:04:44", "text": "like to layer into altcoins. We might be"}, {"start": "00:04:42", "end": "00:04:46", "text": "getting that development over the next"}, {"start": "00:04:44", "end": "00:04:48", "text": "few weeks and watching the money flow of"}, {"start": "00:04:46", "end": "00:04:51", "text": "Bitcoin. If it can defend itself in the"}, {"start": "00:04:48", "end": "00:04:53", "text": "slight red zone or if it goes into a"}, {"start": "00:04:51", "end": "00:04:55", "text": "deep red zone, we have a much bigger"}, {"start": "00:04:53", "end": "00:04:56", "text": "correction ahead. But signals like this"}, {"start": "00:04:55", "end": "00:04:58", "text": "are telling me that we're near the"}, {"start": "00:04:56", "end": "00:05:00", "text": "bottom. More than half of all Bitcoin in"}, {"start": "00:04:58", "end": "00:05:03", "text": "circulation is now held at an unrealized"}, {"start": "00:05:00", "end": "00:05:06", "text": "loss. A signal that has coincided with"}, {"start": "00:05:03", "end": "00:05:08", "text": "every single bare market bottom in"}, {"start": "00:05:06", "end": "00:05:09", "text": "Bitcoin history. So, my greasy buying"}, {"start": "00:05:08", "end": "00:05:11", "text": "fingers are getting frisky, and I'm"}, {"start": "00:05:09", "end": "00:05:13", "text": "going to go check out Salana's price"}, {"start": "00:05:11", "end": "00:05:16", "text": "chart first and foremost. Let's do it."}, {"start": "00:05:13", "end": "00:05:18", "text": "Salana on a long-term time frame has"}, {"start": "00:05:16", "end": "00:05:21", "text": "shown some very interesting support and"}, {"start": "00:05:18", "end": "00:05:25", "text": "resistance levels right here at the $55"}, {"start": "00:05:21", "end": "00:05:26", "text": "to $60 region. This has been a main line"}, {"start": "00:05:25", "end": "00:05:29", "text": "in the sand where I get interested in"}, {"start": "00:05:26", "end": "00:05:31", "text": "buying spot Salana for a very long time"}, {"start": "00:05:29", "end": "00:05:33", "text": "and showing the current trajectory of"}, {"start": "00:05:31", "end": "00:05:35", "text": "the bare market holding on and giving us"}, {"start": "00:05:33", "end": "00:05:37", "text": "a little bit of extra time to"}, {"start": "00:05:35", "end": "00:05:41", "text": "accumulate. I'm looking for Salana entry"}, {"start": "00:05:37", "end": "00:05:43", "text": "points in the $55 to $60 region as we"}, {"start": "00:05:41", "end": "00:05:45", "text": "breached into the 60s this morning and"}, {"start": "00:05:43", "end": "00:05:47", "text": "originally had seen this on that massive"}, {"start": "00:05:45", "end": "00:05:49", "text": "capitulation candle which brought fear"}, {"start": "00:05:47", "end": "00:05:52", "text": "and greed in overall crypto markets down"}, {"start": "00:05:49", "end": "00:05:53", "text": "to a five. We are retapping that wick."}, {"start": "00:05:52", "end": "00:05:55", "text": "And honestly, if things don't turn"}, {"start": "00:05:53", "end": "00:05:57", "text": "around in a very big way soon, we're"}, {"start": "00:05:55", "end": "00:06:00", "text": "likely to check out what $60 and under"}, {"start": "00:05:57", "end": "00:06:02", "text": "feels like for Salana. And I feel like"}, {"start": "00:06:00", "end": "00:06:04", "text": "buying this general region. Now, another"}, {"start": "00:06:02", "end": "00:06:07", "text": "one on the list, this is one that I've"}, {"start": "00:06:04", "end": "00:06:10", "text": "gone back and forth with for a while, is"}, {"start": "00:06:07", "end": "00:06:12", "text": "the XRP community, but XRP has a very"}, {"start": "00:06:10", "end": "00:06:13", "text": "defendable price level from something"}, {"start": "00:06:12", "end": "00:06:15", "text": "that is very, very close to where it's"}, {"start": "00:06:13", "end": "00:06:18", "text": "at right now. 70 cents is the beginning"}, {"start": "00:06:15", "end": "00:06:21", "text": "of what I call the helm's deep of price"}, {"start": "00:06:18", "end": "00:06:23", "text": "interest for XRP. Now, it's sitting in a"}, {"start": "00:06:21", "end": "00:06:25", "text": "similar situation for price structure as"}, {"start": "00:06:23", "end": "00:06:28", "text": "Salana. That original February 2nd"}, {"start": "00:06:25", "end": "00:06:31", "text": "capitulation wick has now nearly been"}, {"start": "00:06:28", "end": "00:06:34", "text": "filled and we're sitting right above old"}, {"start": "00:06:31", "end": "00:06:36", "text": "school hardcore support zones for XRP."}, {"start": "00:06:34", "end": "00:06:39", "text": "Currently, I hold a begrudging bag of"}, {"start": "00:06:36", "end": "00:06:42", "text": "XRP, but I honestly don't think that XRP"}, {"start": "00:06:39", "end": "00:06:45", "text": "is going to lose its head and cascade"}, {"start": "00:06:42", "end": "00:06:48", "text": "below 70 cents if this price zone is"}, {"start": "00:06:45", "end": "00:06:51", "text": "visited. So, me personally, I'm going to"}, {"start": "00:06:48", "end": "00:06:53", "text": "be more interested in Salana over XRP,"}, {"start": "00:06:51", "end": "00:06:56", "text": "but I think that we're getting actually"}, {"start": "00:06:53", "end": "00:06:58", "text": "near a bounce point for XRP as well."}, {"start": "00:06:56", "end": "00:06:59", "text": "Going back to the list that for and"}, {"start": "00:06:58", "end": "00:07:01", "text": "going back to the list from Mastercard's"}, {"start": "00:06:59", "end": "00:07:04", "text": "news release about this crypto"}, {"start": "00:07:01", "end": "00:07:06", "text": "integration. I already hold Canton, but"}, {"start": "00:07:04", "end": "00:07:08", "text": "I made great money in the last bull"}, {"start": "00:07:06", "end": "00:07:11", "text": "market off of one of Bass Network's key"}, {"start": "00:07:08", "end": "00:07:12", "text": "projects. And that key project is Aerod"}, {"start": "00:07:11", "end": "00:07:14", "text": "Drrome. We're going to check out Aerod"}, {"start": "00:07:12", "end": "00:07:16", "text": "Drrome and the price action. We've had"}, {"start": "00:07:14", "end": "00:07:19", "text": "this marked out for a very long time. Uh"}, {"start": "00:07:16", "end": "00:07:21", "text": "kind of the fear porn, fear and greed,"}, {"start": "00:07:19", "end": "00:07:23", "text": "kind of the fearful targets that we"}, {"start": "00:07:21", "end": "00:07:26", "text": "painted as we were on our way downtown"}, {"start": "00:07:23", "end": "00:07:27", "text": "to Chinatown in the bare market. But now"}, {"start": "00:07:26", "end": "00:07:29", "text": "things are starting to actually look"}, {"start": "00:07:27", "end": "00:07:32", "text": "pretty good for Aerod Drrome right at"}, {"start": "00:07:29", "end": "00:07:34", "text": "around 34 cents. I wouldn't be surprised"}, {"start": "00:07:32", "end": "00:07:36", "text": "if it actually defends itself here. But"}, {"start": "00:07:34", "end": "00:07:38", "text": "my main interest in buying zone is"}, {"start": "00:07:36", "end": "00:07:42", "text": "actually right under these original"}, {"start": "00:07:38", "end": "00:07:46", "text": "wicks set in February of 2026. Anything"}, {"start": "00:07:42", "end": "00:07:48", "text": "in the 30 to 20 cent range is great. I"}, {"start": "00:07:46", "end": "00:07:50", "text": "still would actually have an interest of"}, {"start": "00:07:48", "end": "00:07:52", "text": "buying Aerodrome if it fell all the way"}, {"start": "00:07:50", "end": "00:07:54", "text": "down to 14 cents in the original release"}, {"start": "00:07:52", "end": "00:07:56", "text": "levels. This was a great play for my"}, {"start": "00:07:54", "end": "00:07:58", "text": "portfolio in the last bull market. I did"}, {"start": "00:07:56", "end": "00:08:01", "text": "grab it at 18 cents and sold it two"}, {"start": "00:07:58", "end": "00:08:04", "text": "times above the $2 mark in these devil"}, {"start": "00:08:01", "end": "00:08:06", "text": "horns here, but since has seen it just"}, {"start": "00:08:04", "end": "00:08:08", "text": "cascade to the downside. I think that"}, {"start": "00:08:06", "end": "00:08:10", "text": "nothing has came out to actually replace"}, {"start": "00:08:08", "end": "00:08:12", "text": "aerodrome and its importance for the"}, {"start": "00:08:10", "end": "00:08:15", "text": "base network and base network being"}, {"start": "00:08:12", "end": "00:08:17", "text": "chose within this short list of projects"}, {"start": "00:08:15", "end": "00:08:19", "text": "gives a drrome some great upside"}, {"start": "00:08:17", "end": "00:08:22", "text": "opportunity. So, seeing where overall"}, {"start": "00:08:19", "end": "00:08:25", "text": "fear is right now, we haven't hit that"}, {"start": "00:08:22", "end": "00:08:27", "text": "absolute extreme fear zone, but I love"}, {"start": "00:08:25", "end": "00:08:30", "text": "buying when the fear is all the way down"}, {"start": "00:08:27", "end": "00:08:33", "text": "here. We breached down to 19 on Coin"}, {"start": "00:08:30", "end": "00:08:34", "text": "Market Cap's fear level. And this is the"}, {"start": "00:08:33", "end": "00:08:36", "text": "zone where you buy crypto and make some"}, {"start": "00:08:34", "end": "00:08:38", "text": "good upside. I'm not afraid of the"}, {"start": "00:08:36", "end": "00:08:41", "text": "volatility. This is how I changed my"}, {"start": "00:08:38", "end": "00:08:42", "text": "life with crypto back in 2020 when"}, {"start": "00:08:41", "end": "00:08:44", "text": "everyone told me to run away and go save"}, {"start": "00:08:42", "end": "00:08:46", "text": "my money. I put my life savings into"}, {"start": "00:08:44", "end": "00:08:48", "text": "crypto and now I view the world"}, {"start": "00:08:46", "end": "00:08:51", "text": "completely different and I see the red"}, {"start": "00:08:48", "end": "00:08:52", "text": "as an opportunity zone for me. So I hope"}, {"start": "00:08:51", "end": "00:08:54", "text": "you are staying focused out there and"}, {"start": "00:08:52", "end": "00:08:56", "text": "let me know if you are leaving crypto"}, {"start": "00:08:54", "end": "00:08:58", "text": "forever or if you're leaning into crypto"}, {"start": "00:08:56", "end": "00:09:00", "text": "more than you ever have in this current"}, {"start": "00:08:58", "end": "00:09:02", "text": "bare market. I want to know what you"}, {"start": "00:09:00", "end": "00:09:04", "text": "think down in the comments section about"}, {"start": "00:09:02", "end": "00:09:08", "text": "these three projects as well and I will"}, {"start": "00:09:04", "end": "00:09:08", "text": "see you on the next one."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Bitcoin has crashed and alt coins are"}, {"start": "00:00:01", "end": "00:00:05", "text": "down too, but some alt coins have"}, {"start": "00:00:03", "end": "00:00:06", "text": "performed much worse than others. If"}, {"start": "00:00:05", "end": "00:00:08", "text": "these alt coins are in your portfolio, I"}, {"start": "00:00:06", "end": "00:00:09", "text": "would rethink the strategy. I'll show"}, {"start": "00:00:08", "end": "00:00:11", "text": "you the worst performing alt at the end"}, {"start": "00:00:09", "end": "00:00:14", "text": "of the video, but number one, we got V"}, {"start": "00:00:11", "end": "00:00:17", "text": "chain down 27%. Next up, we have"}, {"start": "00:00:14", "end": "00:00:19", "text": "Cardano. Cardano is down 27.2%."}, {"start": "00:00:17", "end": "00:00:21", "text": "Next up, we have the meme coin Pepe."}, {"start": "00:00:19", "end": "00:00:22", "text": "Pepe's down 27.3%."}, {"start": "00:00:21", "end": "00:00:28", "text": "And the worst performing alt during this"}, {"start": "00:00:22", "end": "00:00:28", "text": "market crash, Bitcoin Cash, 45.9%."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Which one's the best crypto asset? Best"}, {"start": "00:00:03", "end": "00:00:06", "text": "crypto asset. Which one's the best?"}, {"start": "00:00:05", "end": "00:00:09", "text": "Which one's the best? Which one's the"}, {"start": "00:00:06", "end": "00:00:12", "text": "best? Which one's the best? Which one's"}, {"start": "00:00:09", "end": "00:00:14", "text": "the best? Which one's the best? Which"}, {"start": "00:00:12", "end": "00:00:16", "text": "one's the best? Which one's the best?"}, {"start": "00:00:14", "end": "00:00:18", "text": "Which one?"}, {"start": "00:00:16", "end": "00:00:22", "text": "Which one? Which one?"}, {"start": "00:00:18", "end": "00:00:22", "text": ">> What's the second best?"}, {"start": "00:00:28", "end": "00:00:33", "text": "This is Discover Crypto and crypto is"}, {"start": "00:00:31", "end": "00:00:35", "text": "crashing. Bitcoin came down. Huge, huge"}, {"start": "00:00:33", "end": "00:00:37", "text": "red candles. Here we have the altcoins"}, {"start": "00:00:35", "end": "00:00:39", "text": "going down to our levels. We're going to"}, {"start": "00:00:37", "end": "00:00:41", "text": "identify those levels and say why"}, {"start": "00:00:39", "end": "00:00:43", "text": "exactly is Bitcoin crashing? Who is"}, {"start": "00:00:41", "end": "00:00:45", "text": "selling? That is the million-dollar"}, {"start": "00:00:43", "end": "00:00:48", "text": "question or really I should say the"}, {"start": "00:00:45", "end": "00:00:50", "text": "$64,000 question. No pun intended. Drew,"}, {"start": "00:00:48", "end": "00:00:52", "text": "you are on the show today. Thank you for"}, {"start": "00:00:50", "end": "00:00:54", "text": "joining me and thank you for helping me"}, {"start": "00:00:52", "end": "00:00:56", "text": "with my flat tire yesterday."}, {"start": "00:00:54", "end": "00:00:57", "text": ">> That was fun, man. I had a good time and"}, {"start": "00:00:56", "end": "00:01:00", "text": "uh"}, {"start": "00:00:57", "end": "00:01:02", "text": ">> ran over a nail and Drew helped me drove"}, {"start": "00:01:00", "end": "00:01:04", "text": "me. I bought a jack. I bought, you know,"}, {"start": "00:01:02", "end": "00:01:06", "text": "tire iron and then he had the plug kit."}, {"start": "00:01:04", "end": "00:01:08", "text": "So, I do want to give everybody hit the"}, {"start": "00:01:06", "end": "00:01:10", "text": "like button for Drew's handiness."}, {"start": "00:01:08", "end": "00:01:12", "text": ">> Thank you. I appreciate it, man. But"}, {"start": "00:01:10", "end": "00:01:15", "text": "these markets uh need a little bit of"}, {"start": "00:01:12", "end": "00:01:16", "text": "handiness on their help, man. These"}, {"start": "00:01:15", "end": "00:01:18", "text": ">> it needs uh you know, I was going to"}, {"start": "00:01:16", "end": "00:01:20", "text": "make a joke. I'm I'm not going to go"}, {"start": "00:01:18", "end": "00:01:21", "text": "there. is too soon. Is too early in the"}, {"start": "00:01:20", "end": "00:01:23", "text": "show for that, everybody. Maybe towards"}, {"start": "00:01:21", "end": "00:01:24", "text": "the end. Let's look at Bitcoin's price"}, {"start": "00:01:23", "end": "00:01:26", "text": "here. Now, you can see on the 1 hour"}, {"start": "00:01:24", "end": "00:01:28", "text": "candles, Bitcoin had a huge decline. If"}, {"start": "00:01:26", "end": "00:01:30", "text": "you watched last night's video, you saw"}, {"start": "00:01:28", "end": "00:01:32", "text": "me cover this, the shortterm decline"}, {"start": "00:01:30", "end": "00:01:34", "text": "right here. But over the last three"}, {"start": "00:01:32", "end": "00:01:38", "text": "days, three days and five hours, Bitcoin"}, {"start": "00:01:34", "end": "00:01:40", "text": "fell 17%, wiping off almost $13,000 from"}, {"start": "00:01:38", "end": "00:01:43", "text": "the market cap. But last night's video,"}, {"start": "00:01:40", "end": "00:01:45", "text": "I said, I smell a bounce. I smell a"}, {"start": "00:01:43", "end": "00:01:47", "text": "short-term relief rally, Drew. And the"}, {"start": "00:01:45", "end": "00:01:49", "text": "reason I said that was the one hour RSI."}, {"start": "00:01:47", "end": "00:01:51", "text": "It was a very risky call for me to make"}, {"start": "00:01:49", "end": "00:01:54", "text": "at the time. I just saw that, you know,"}, {"start": "00:01:51", "end": "00:01:56", "text": "we have a much lower RSI or uh price"}, {"start": "00:01:54", "end": "00:01:58", "text": "right here while the RSI was higher. And"}, {"start": "00:01:56", "end": "00:01:59", "text": "in last night's video, I said I think"}, {"start": "00:01:58", "end": "00:02:01", "text": "we're going to bounce from this level."}, {"start": "00:01:59", "end": "00:02:03", "text": "And then we continued a nice little"}, {"start": "00:02:01", "end": "00:02:05", "text": "rally here. But Drew, I have a warning"}, {"start": "00:02:03", "end": "00:02:08", "text": "on the shorter time frames. It is"}, {"start": "00:02:05", "end": "00:02:09", "text": "starting to look like maybe this RSI is"}, {"start": "00:02:08", "end": "00:02:11", "text": "rolling over. We are starting to see"}, {"start": "00:02:09", "end": "00:02:14", "text": "bare divs on some of these smaller time"}, {"start": "00:02:11", "end": "00:02:16", "text": "frames. You see it on the 10-minute. You"}, {"start": "00:02:14", "end": "00:02:18", "text": "You don't see it on the 12minut. So, it"}, {"start": "00:02:16", "end": "00:02:19", "text": "stops at the 10-minute, but this is the"}, {"start": "00:02:18", "end": "00:02:23", "text": "warning sign that, hey, we might come"}, {"start": "00:02:19", "end": "00:02:24", "text": "down and revisit this 60K level. We got"}, {"start": "00:02:23", "end": "00:02:26", "text": "very, very close here. You can see"}, {"start": "00:02:24", "end": "00:02:30", "text": "Bitcoin crashed all the way down to"}, {"start": "00:02:26", "end": "00:02:32", "text": "60,000, roughly 420. 60,420 and 60K"}, {"start": "00:02:30", "end": "00:02:34", "text": "still in the cards, Drew."}, {"start": "00:02:32", "end": "00:02:37", "text": ">> Yeah, I I would not be surprised if we"}, {"start": "00:02:34", "end": "00:02:40", "text": "revisit the February 6 low, maybe even"}, {"start": "00:02:37", "end": "00:02:42", "text": "today. Yeah, I wanted to see basics"}, {"start": "00:02:40", "end": "00:02:44", "text": "price structure be developed and some"}, {"start": "00:02:42", "end": "00:02:46", "text": "sort of support levels established for"}, {"start": "00:02:44", "end": "00:02:47", "text": "Bitcoin before I get hot and heavy with"}, {"start": "00:02:46", "end": "00:02:50", "text": "the trading again because I still want"}, {"start": "00:02:47", "end": "00:02:52", "text": "to do the 1K to 10K challenge but I"}, {"start": "00:02:50", "end": "00:02:54", "text": "can't do it as we're just free falling"}, {"start": "00:02:52", "end": "00:02:55", "text": "you know and have like no"}, {"start": "00:02:54", "end": "00:02:57", "text": ">> now are you looking for technical"}, {"start": "00:02:55", "end": "00:03:00", "text": "support because you know on the 1 hour"}, {"start": "00:02:57", "end": "00:03:01", "text": "if we come down revisit this yellow line"}, {"start": "00:03:00", "end": "00:03:03", "text": "and then bounce again right"}, {"start": "00:03:01", "end": "00:03:05", "text": ">> I would say that that would be you know"}, {"start": "00:03:03", "end": "00:03:06", "text": "the start of some bullish signals"}, {"start": "00:03:05", "end": "00:03:09", "text": ">> that's what I'm looking for you know"}, {"start": "00:03:06", "end": "00:03:11", "text": "because I can't really, you know, I like"}, {"start": "00:03:09", "end": "00:03:12", "text": "to be a reversal trader and I can't look"}, {"start": "00:03:11", "end": "00:03:14", "text": "for a reversal until some price"}, {"start": "00:03:12", "end": "00:03:16", "text": "structures actually happen. I'm not"}, {"start": "00:03:14", "end": "00:03:18", "text": ">> You're not a V-shaped bottom buyer."}, {"start": "00:03:16", "end": "00:03:20", "text": ">> No. And if people that say that they're"}, {"start": "00:03:18", "end": "00:03:22", "text": "perfect V-shaped bottom buyers are, I"}, {"start": "00:03:20", "end": "00:03:24", "text": "call them liars because it doesn't"}, {"start": "00:03:22", "end": "00:03:26", "text": "happen that way. So, yeah, basically I"}, {"start": "00:03:24", "end": "00:03:28", "text": "want to see some price structure, higher"}, {"start": "00:03:26", "end": "00:03:31", "text": "lows developed around this because we"}, {"start": "00:03:28", "end": "00:03:34", "text": "flushed down to basically 61K."}, {"start": "00:03:31", "end": "00:03:35", "text": "Um, and the low of the wick that we had,"}, {"start": "00:03:34", "end": "00:03:38", "text": "I can't remember when, but it was when"}, {"start": "00:03:35", "end": "00:03:41", "text": "we hit a five on fear, brought us all"}, {"start": "00:03:38", "end": "00:03:44", "text": "the way down to like 595 or 599. 599"}, {"start": "00:03:41", "end": "00:03:47", "text": "about. So, I'm not looking for, you"}, {"start": "00:03:44", "end": "00:03:49", "text": "know, catching a perfect, you know,"}, {"start": "00:03:47", "end": "00:03:50", "text": "liquidation event and then riding a"}, {"start": "00:03:49", "end": "00:03:53", "text": "perfect fivem minutee candle all the way"}, {"start": "00:03:50", "end": "00:03:55", "text": "back up. And that's like,"}, {"start": "00:03:53", "end": "00:03:56", "text": ">> yeah, being this guy."}, {"start": "00:03:55", "end": "00:03:58", "text": ">> I'm not that guy. I'm not that guy. more"}, {"start": "00:03:56", "end": "00:04:00", "text": "likely than not they open a trade here,"}, {"start": "00:03:58", "end": "00:04:01", "text": "then they open a trade here, then they"}, {"start": "00:04:00", "end": "00:04:02", "text": "open a trade here, then then they"}, {"start": "00:04:01", "end": "00:04:04", "text": "finally were right."}, {"start": "00:04:02", "end": "00:04:07", "text": ">> Yeah, that process includes three"}, {"start": "00:04:04", "end": "00:04:08", "text": "liquidations, right, to find that. So,"}, {"start": "00:04:07", "end": "00:04:11", "text": "um, you know, I would like to see some"}, {"start": "00:04:08", "end": "00:04:13", "text": "price structure happen here. And really,"}, {"start": "00:04:11", "end": "00:04:15", "text": "a setup of higher low like you kind of"}, {"start": "00:04:13", "end": "00:04:18", "text": "described on that chart would make me"}, {"start": "00:04:15", "end": "00:04:19", "text": "feel more comfortable starting to go"}, {"start": "00:04:18", "end": "00:04:21", "text": "looking forward that long. You know,"}, {"start": "00:04:19", "end": "00:04:23", "text": "obviously I don't feel great about"}, {"start": "00:04:21", "end": "00:04:26", "text": "shorting when we're at the bottom of"}, {"start": "00:04:23", "end": "00:04:28", "text": "that wick either. So, it's really at a"}, {"start": "00:04:26", "end": "00:04:30", "text": "uh kind of make orb breakak moment, man,"}, {"start": "00:04:28", "end": "00:04:33", "text": "because there's not much. Me and Crank"}, {"start": "00:04:30", "end": "00:04:35", "text": "were talking about it. The uh levels"}, {"start": "00:04:33", "end": "00:04:37", "text": "that, you know, 60 is a likely good"}, {"start": "00:04:35", "end": "00:04:41", "text": "bounce point. 55 is a very hardcore"}, {"start": "00:04:37", "end": "00:04:43", "text": "support, but then 41 is a macro level on"}, {"start": "00:04:41", "end": "00:04:46", "text": "Fibonacci"}, {"start": "00:04:43", "end": "00:04:49", "text": "that uh Bitcoin, you know, it it's made"}, {"start": "00:04:46", "end": "00:04:52", "text": "me basically have a war chest available"}, {"start": "00:04:49", "end": "00:04:54", "text": "for those 40s, but I'm still banking on"}, {"start": "00:04:52", "end": "00:04:56", "text": "uh you know, somewhere in this 60k range"}, {"start": "00:04:54", "end": "00:04:57", "text": "being that bounce point for us. So, it's"}, {"start": "00:04:56", "end": "00:04:59", "text": "kind of a tale of two worlds."}, {"start": "00:04:57", "end": "00:05:01", "text": ">> Have to look at some of maybe some of"}, {"start": "00:04:59", "end": "00:05:03", "text": "these levels where yeah, I would I"}, {"start": "00:05:01", "end": "00:05:05", "text": "wouldn't mind seeing. Uh now the"}, {"start": "00:05:03", "end": "00:05:07", "text": "Fibonacci do you happen to know like off"}, {"start": "00:05:05", "end": "00:05:08", "text": "the top of your head what levels you're"}, {"start": "00:05:07", "end": "00:05:12", "text": "looking at or"}, {"start": "00:05:08", "end": "00:05:14", "text": ">> Yeah absolutely. So 54 and 55 is the"}, {"start": "00:05:12", "end": "00:05:16", "text": "main volume node of the previous range"}, {"start": "00:05:14", "end": "00:05:16", "text": "and where a lot of that ETF buying"}, {"start": "00:05:16", "end": "00:05:17", "text": "happen."}, {"start": "00:05:16", "end": "00:05:18", "text": ">> That means the star is going to be about"}, {"start": "00:05:17", "end": "00:05:19", "text": "right here."}, {"start": "00:05:18", "end": "00:05:20", "text": ">> Yeah. So"}, {"start": "00:05:19", "end": "00:05:23", "text": ">> and then going to the top."}, {"start": "00:05:20", "end": "00:05:25", "text": ">> Yeah. Going to the top and I think has"}, {"start": "00:05:23", "end": "00:05:26", "text": "his Fibonacci setup a little bit"}, {"start": "00:05:25", "end": "00:05:28", "text": "different. I'm talking about volume"}, {"start": "00:05:26", "end": "00:05:31", "text": "nodes for my own personal levels. 55"}, {"start": "00:05:28", "end": "00:05:34", "text": "does also land within a reasonable spot"}, {"start": "00:05:31", "end": "00:05:37", "text": "for some uh price defense as well. And"}, {"start": "00:05:34", "end": "00:05:41", "text": "then below that, man, like the do or die"}, {"start": "00:05:37", "end": "00:05:42", "text": "moment for Bitcoin is basically 40K. You"}, {"start": "00:05:41", "end": "00:05:44", "text": "know, there's cuz now we're starting to"}, {"start": "00:05:42", "end": "00:05:46", "text": "mess with zones where you have very"}, {"start": "00:05:44", "end": "00:05:50", "text": "little volume in between point A and"}, {"start": "00:05:46", "end": "00:05:52", "text": "point B. If you breach below this uh 60K"}, {"start": "00:05:50", "end": "00:05:53", "text": "level, so things can get real exciting"}, {"start": "00:05:52", "end": "00:05:54", "text": "to the down and upside."}, {"start": "00:05:53", "end": "00:05:56", "text": ">> I think there's going to be a lot of"}, {"start": "00:05:54", "end": "00:05:58", "text": "support at 56. There is a lot of support"}, {"start": "00:05:56", "end": "00:06:00", "text": "at 60. I think if we do crash below"}, {"start": "00:05:58", "end": "00:06:02", "text": "this, it's going to look similar to when"}, {"start": "00:06:00", "end": "00:06:04", "text": "we crash below 20K where it's going to"}, {"start": "00:06:02", "end": "00:06:06", "text": "take days. There's going to be a sell"}, {"start": "00:06:04", "end": "00:06:08", "text": "wall that's going to have to basically"}, {"start": "00:06:06", "end": "00:06:09", "text": "just beat up the buy wall. It'll usually"}, {"start": "00:06:08", "end": "00:06:12", "text": "take a few days. That's what we saw at"}, {"start": "00:06:09", "end": "00:06:14", "text": "20K back when Bitcoin, you know, crashed"}, {"start": "00:06:12", "end": "00:06:17", "text": "from 20K to 16K. I think that's October,"}, {"start": "00:06:14", "end": "00:06:20", "text": "November of 2022. And to me, I'm looking"}, {"start": "00:06:17", "end": "00:06:22", "text": "at very, very nice support at 56. If you"}, {"start": "00:06:20", "end": "00:06:23", "text": "want to watch last night's video, I go a"}, {"start": "00:06:22", "end": "00:06:26", "text": "little bit more into it. But stop the"}, {"start": "00:06:23", "end": "00:06:27", "text": "show. $10 super chat from Anthony Moose"}, {"start": "00:06:26", "end": "00:06:28", "text": "here. We all need to know,"}, {"start": "00:06:27", "end": "00:06:30", "text": ">> do you still believe in Bitcoin or"}, {"start": "00:06:28", "end": "00:06:32", "text": "should we move on? Sailor owns most of"}, {"start": "00:06:30", "end": "00:06:34", "text": "it. Little bit of an exaggeration, but"}, {"start": "00:06:32", "end": "00:06:37", "text": "you know, he is he's trying to get a lot"}, {"start": "00:06:34", "end": "00:06:39", "text": "of it. Uh, you know, four four or 5%"}, {"start": "00:06:37", "end": "00:06:41", "text": "here. Nick O'Neal said it lost meaning"}, {"start": "00:06:39", "end": "00:06:44", "text": "and value. Cuban and others out. Time to"}, {"start": "00:06:41", "end": "00:06:46", "text": "move on. So, at the end of the day, I do"}, {"start": "00:06:44", "end": "00:06:49", "text": "think the you buy at a thousand and it"}, {"start": "00:06:46", "end": "00:06:51", "text": "goes to 60K and it happens in, you know,"}, {"start": "00:06:49", "end": "00:06:53", "text": "a few years and you feel like a genius."}, {"start": "00:06:51", "end": "00:06:56", "text": "the 60k returns for Bitcoin are behind"}, {"start": "00:06:53", "end": "00:06:58", "text": "it. Are there still 5x returns, 10x"}, {"start": "00:06:56", "end": "00:07:00", "text": "returns? I think the answer is yes. In"}, {"start": "00:06:58", "end": "00:07:04", "text": "my humble opinion, at the end of the"}, {"start": "00:07:00", "end": "00:07:06", "text": "day, there is a fiat crisis. There is a"}, {"start": "00:07:04", "end": "00:07:08", "text": "money printing crisis. The governments"}, {"start": "00:07:06", "end": "00:07:10", "text": "around the world will not stop printing"}, {"start": "00:07:08", "end": "00:07:12", "text": "money. That is not going to end anytime"}, {"start": "00:07:10", "end": "00:07:14", "text": "soon. They have unsustainable debt. They"}, {"start": "00:07:12", "end": "00:07:16", "text": "have unsustainable obligations for"}, {"start": "00:07:14", "end": "00:07:18", "text": "pension funds. They're funding wars."}, {"start": "00:07:16", "end": "00:07:20", "text": "Many, many countries are funding wars."}, {"start": "00:07:18", "end": "00:07:22", "text": "That's only ending in one way. they"}, {"start": "00:07:20", "end": "00:07:23", "text": "print more and more money. At the end of"}, {"start": "00:07:22", "end": "00:07:25", "text": "the day, there's only 21 million"}, {"start": "00:07:23", "end": "00:07:28", "text": "Bitcoin. So, I do think that thesis is"}, {"start": "00:07:25", "end": "00:07:29", "text": "still a strong thesis. I'm not giving up"}, {"start": "00:07:28", "end": "00:07:31", "text": "on my Bitcoin."}, {"start": "00:07:29", "end": "00:07:34", "text": ">> Yeah, it's there's a lot of hyperbole"}, {"start": "00:07:31", "end": "00:07:37", "text": "going on right now. And this happens in"}, {"start": "00:07:34", "end": "00:07:40", "text": "bare markets where like when we say fall"}, {"start": "00:07:37", "end": "00:07:42", "text": "from 17, okay, this is how it happened"}, {"start": "00:07:40", "end": "00:07:45", "text": "last time in the last bare market is we"}, {"start": "00:07:42", "end": "00:07:47", "text": "dropped down to 17K. A lot of people"}, {"start": "00:07:45", "end": "00:07:49", "text": "were looking for that previous all-time"}, {"start": "00:07:47", "end": "00:07:51", "text": "high that was established in 2017, late"}, {"start": "00:07:49", "end": "00:07:53", "text": "2017 to be tapped in the new bare"}, {"start": "00:07:51", "end": "00:07:55", "text": "markets. When we got there, everyone's"}, {"start": "00:07:53", "end": "00:07:57", "text": "like, \"All right, we got there. You"}, {"start": "00:07:55", "end": "00:08:00", "text": "know, this is the price to produce"}, {"start": "00:07:57", "end": "00:08:03", "text": "roughly. This should be the floor.\" And"}, {"start": "00:08:00", "end": "00:08:04", "text": "we ran up just barely to like 25, I"}, {"start": "00:08:03", "end": "00:08:07", "text": "think 24, 25."}, {"start": "00:08:04", "end": "00:08:08", "text": ">> 24 right here. 25. Then we fell back"}, {"start": "00:08:07", "end": "00:08:10", "text": "down to 20."}, {"start": "00:08:08", "end": "00:08:11", "text": ">> And and the one that your cursor on is"}, {"start": "00:08:10", "end": "00:08:13", "text": "the banking crisis. But right before"}, {"start": "00:08:11", "end": "00:08:15", "text": "that, that was actually the FTX. Yeah,"}, {"start": "00:08:13", "end": "00:08:18", "text": "this is the FDX collapse. This is where"}, {"start": "00:08:15", "end": "00:08:20", "text": "we finally basically I mean we lost 20K."}, {"start": "00:08:18", "end": "00:08:22", "text": ">> Uh this was the the period I was talking"}, {"start": "00:08:20", "end": "00:08:23", "text": "about. It did take days, you know, it"}, {"start": "00:08:22", "end": "00:08:25", "text": "was just knocking against it, knocking"}, {"start": "00:08:23", "end": "00:08:26", "text": "against it, knocking against it. Boom."}, {"start": "00:08:25", "end": "00:08:28", "text": "Soon as that sell order"}, {"start": "00:08:26", "end": "00:08:30", "text": ">> was, you know, dwarfing the buy order,"}, {"start": "00:08:28", "end": "00:08:32", "text": "that's when we end up wicking all the"}, {"start": "00:08:30", "end": "00:08:33", "text": "way down to 17600."}, {"start": "00:08:32", "end": "00:08:36", "text": ">> Yeah. And if you're asking me to just"}, {"start": "00:08:33", "end": "00:08:38", "text": "gun in my head, shoot from the hip,"}, {"start": "00:08:36", "end": "00:08:42", "text": "where are we in this cycle? I kind of"}, {"start": "00:08:38", "end": "00:08:44", "text": "feel like we're late August of 2022. I I"}, {"start": "00:08:42", "end": "00:08:45", "text": "do. Like I think from"}, {"start": "00:08:44", "end": "00:08:47", "text": ">> so I guess it would be like right here."}, {"start": "00:08:45", "end": "00:08:49", "text": "So you know we had our little bare flag"}, {"start": "00:08:47", "end": "00:08:51", "text": "and then it started to break down and"}, {"start": "00:08:49", "end": "00:08:53", "text": "you know even lost the structure."}, {"start": "00:08:51", "end": "00:08:56", "text": ">> Yeah it cuz the candles look real"}, {"start": "00:08:53", "end": "00:08:58", "text": "similar. You have that flush out uh"}, {"start": "00:08:56", "end": "00:09:00", "text": "candle that actually measures basically"}, {"start": "00:08:58", "end": "00:09:02", "text": "the exact same as the fear we just went"}, {"start": "00:09:00", "end": "00:09:04", "text": "through at the 59K. And then it leaves"}, {"start": "00:09:02", "end": "00:09:07", "text": "room for like a consolidation right in"}, {"start": "00:09:04", "end": "00:09:10", "text": "the low 60s and then one last punch to"}, {"start": "00:09:07", "end": "00:09:11", "text": "the nuts. But the punch to the nuts"}, {"start": "00:09:10", "end": "00:09:13", "text": "doesn't take us as far down as you'd"}, {"start": "00:09:11", "end": "00:09:16", "text": "expect it. Kind of what you were talking"}, {"start": "00:09:13", "end": "00:09:18", "text": "about yesterday with those bare flags"}, {"start": "00:09:16", "end": "00:09:21", "text": "being halfsized at the kind of the tail"}, {"start": "00:09:18", "end": "00:09:23", "text": "end of that bare market flush out."}, {"start": "00:09:21", "end": "00:09:24", "text": "That's what this was. It was uh"}, {"start": "00:09:23", "end": "00:09:28", "text": ">> well, if you if you look here, we only"}, {"start": "00:09:24", "end": "00:09:30", "text": "fell 12% from that previous low range,"}, {"start": "00:09:28", "end": "00:09:31", "text": ">> right? But if you measured a bare flag"}, {"start": "00:09:30", "end": "00:09:34", "text": "from what was above it, that should have"}, {"start": "00:09:31", "end": "00:09:36", "text": "brought us down way heavier, right?"}, {"start": "00:09:34", "end": "00:09:37", "text": ">> Oh, yeah. That's the failed bare flag at"}, {"start": "00:09:36", "end": "00:09:40", "text": "the end that we see every cycle by,"}, {"start": "00:09:37", "end": "00:09:43", "text": ">> right? So, it does feel kind of similar"}, {"start": "00:09:40", "end": "00:09:45", "text": "and you know, I want to see Bitcoin have"}, {"start": "00:09:43", "end": "00:09:48", "text": "some price support here, but there's a"}, {"start": "00:09:45", "end": "00:09:49", "text": "lot um on the table when it comes to"}, {"start": "00:09:48", "end": "00:09:51", "text": "looking for"}, {"start": "00:09:49", "end": "00:09:52", "text": ">> and that's the 50% mark that Drew was"}, {"start": "00:09:51", "end": "00:09:54", "text": "talking about. We identified this what"}, {"start": "00:09:52", "end": "00:09:56", "text": "two days ago, maybe Monday."}, {"start": "00:09:54", "end": "00:09:58", "text": ">> Yes. A lot of these things are lining up"}, {"start": "00:09:56", "end": "00:10:02", "text": "for me and the sentiment is pretty"}, {"start": "00:09:58", "end": "00:10:05", "text": "similar to where we were at about 17K"}, {"start": "00:10:02", "end": "00:10:08", "text": "um in the last bare cycle. So, it's not"}, {"start": "00:10:05", "end": "00:10:11", "text": "to say that, you know, I I still feel"}, {"start": "00:10:08", "end": "00:10:15", "text": "like 60k is going to be a very heavy uh"}, {"start": "00:10:11", "end": "00:10:18", "text": "defense point, but there is still a"}, {"start": "00:10:15", "end": "00:10:20", "text": "grinding to the dust of our emotions and"}, {"start": "00:10:18", "end": "00:10:21", "text": "larger minor capitulation to still to"}, {"start": "00:10:20", "end": "00:10:24", "text": "happen. And this structure looks kind of"}, {"start": "00:10:21", "end": "00:10:26", "text": "similar. So, yeah, I'm, you know, I'"}, {"start": "00:10:24", "end": "00:10:29", "text": "I've been buying this whole range and I"}, {"start": "00:10:26", "end": "00:10:30", "text": "feel fine about doing it. And I do feel"}, {"start": "00:10:29", "end": "00:10:34", "text": "more"}, {"start": "00:10:30", "end": "00:10:35", "text": "I feel more comfortable knowing that"}, {"start": "00:10:34", "end": "00:10:38", "text": "it's a bare market and I'm not having to"}, {"start": "00:10:35", "end": "00:10:40", "text": "chase giant green candles. Um that's"}, {"start": "00:10:38", "end": "00:10:43", "text": "probably the most uncomfortable thing to"}, {"start": "00:10:40", "end": "00:10:44", "text": "do as a crypto YouTuber, right? That"}, {"start": "00:10:43", "end": "00:10:47", "text": "come someone comes to you with 100%"}, {"start": "00:10:44", "end": "00:10:49", "text": "gains like should we buy more? You know,"}, {"start": "00:10:47", "end": "00:10:51", "text": "I'm here to to buy low. So when I'm"}, {"start": "00:10:49", "end": "00:10:52", "text": "looking at a 50% draw, what does that"}, {"start": "00:10:51", "end": "00:10:54", "text": "50% draw down from what you're looking"}, {"start": "00:10:52", "end": "00:10:56", "text": "at come out? So it's it almost it"}, {"start": "00:10:54", "end": "00:10:58", "text": "disappears behind the bottom or the"}, {"start": "00:10:56", "end": "00:10:59", "text": "bottom teal line."}, {"start": "00:10:58", "end": "00:11:00", "text": ">> That's why I couldn't find it. I'm like"}, {"start": "00:10:59", "end": "00:11:02", "text": "zooming in. Where is it? You can see the"}, {"start": "00:11:00", "end": "00:11:04", "text": "blue line starting to creep up with that"}, {"start": "00:11:02", "end": "00:11:05", "text": "teal line. Creep up with that teal line."}, {"start": "00:11:04", "end": "00:11:06", "text": ">> It's right at 56."}, {"start": "00:11:05", "end": "00:11:08", "text": ">> It's right at the teal line. And so that"}, {"start": "00:11:06", "end": "00:11:11", "text": "is the level I'm identifying. I'm"}, {"start": "00:11:08", "end": "00:11:12", "text": "putting I might I might even say that is"}, {"start": "00:11:11", "end": "00:11:14", "text": "the bottom."}, {"start": "00:11:12", "end": "00:11:16", "text": ">> So we have a correlation on remember"}, {"start": "00:11:14", "end": "00:11:18", "text": "when I was looking at the volume node"}, {"start": "00:11:16", "end": "00:11:21", "text": "from the original ETF accumulation. It"}, {"start": "00:11:18", "end": "00:11:23", "text": "was right there at 55 56, right? So,"}, {"start": "00:11:21", "end": "00:11:26", "text": "that is uh something I have like I have"}, {"start": "00:11:23", "end": "00:11:29", "text": "a basket of my trading funds will go"}, {"start": "00:11:26", "end": "00:11:31", "text": "into spot purchases of Bitcoin at 40K if"}, {"start": "00:11:29", "end": "00:11:33", "text": "we do fall there, but I'm not banking on"}, {"start": "00:11:31", "end": "00:11:34", "text": "that or waiting for it to happen."}, {"start": "00:11:33", "end": "00:11:36", "text": ">> All right. Well, let's go ahead and look"}, {"start": "00:11:34", "end": "00:11:38", "text": "at the rest of the crypto market. Let's"}, {"start": "00:11:36", "end": "00:11:39", "text": "shift gears, talk about some of the"}, {"start": "00:11:38", "end": "00:11:40", "text": "altcoins. We're going to get back into"}, {"start": "00:11:39", "end": "00:11:43", "text": "Bitcoin. We are going to talk about the"}, {"start": "00:11:40", "end": "00:11:46", "text": "altcoins. We do have ETH losing more"}, {"start": "00:11:43", "end": "00:11:50", "text": "than Bitcoin in value, 4.4%, B&B down"}, {"start": "00:11:46", "end": "00:11:52", "text": "4.7%. Salana 6.1%"}, {"start": "00:11:50", "end": "00:11:55", "text": "and how about that the Salana flipping"}, {"start": "00:11:52", "end": "00:11:57", "text": "for the token price of Hyperlid flipped"}, {"start": "00:11:55", "end": "00:12:00", "text": "Salana. Well, Salana flipped Hyperlid"}, {"start": "00:11:57", "end": "00:12:03", "text": "back. It did a judo chop here. You can"}, {"start": "00:12:00", "end": "00:12:05", "text": "see Salana at $69, Hyperlid at $67. They"}, {"start": "00:12:03", "end": "00:12:08", "text": "briefly did uh, you know, flip for a"}, {"start": "00:12:05", "end": "00:12:09", "text": "short period. And how about that Cardono"}, {"start": "00:12:08", "end": "00:12:12", "text": "12% dump? I'm going to show you the"}, {"start": "00:12:09", "end": "00:12:14", "text": "levels, Drew. This went exactly to the"}, {"start": "00:12:12", "end": "00:12:16", "text": "level that I gave yesterday. When I say"}, {"start": "00:12:14", "end": "00:12:17", "text": "exactly, you're just we're just going to"}, {"start": "00:12:16", "end": "00:12:19", "text": "have to look at the charts in a little"}, {"start": "00:12:17", "end": "00:12:21", "text": "bit, folks. I'm not blowing smoke up"}, {"start": "00:12:19", "end": "00:12:23", "text": "your you know what here. This is this is"}, {"start": "00:12:21", "end": "00:12:25", "text": "not the smoke monster from Lost. Siren"}, {"start": "00:12:23", "end": "00:12:26", "text": "with a nice little pump. Binance Life"}, {"start": "00:12:25", "end": "00:12:28", "text": "with a little bit of a pump. We talked"}, {"start": "00:12:26", "end": "00:12:31", "text": "about that in the past. Uh we do have a"}, {"start": "00:12:28", "end": "00:12:33", "text": "lab pump here, but you know, pretty far"}, {"start": "00:12:31", "end": "00:12:36", "text": "below the $20 level range."}, {"start": "00:12:33", "end": "00:12:38", "text": "World Liberty is pumping. So, we got a"}, {"start": "00:12:36", "end": "00:12:42", "text": "Trump coin that is pumping here. And for"}, {"start": "00:12:38", "end": "00:12:45", "text": "the big losses here, Athena near Zcash"}, {"start": "00:12:42", "end": "00:12:47", "text": "and VVV some of the biggest losers and"}, {"start": "00:12:45", "end": "00:12:51", "text": "ICP with a pretty big crash as well."}, {"start": "00:12:47", "end": "00:12:51", "text": ">> Yeah. Um ICP actually was that a $1.70"}, {"start": "00:12:51", "end": "00:12:54", "text": "on"}, {"start": "00:12:51", "end": "00:12:59", "text": ">> 2702 or 270. Okay, cool. Yeah, the"}, {"start": "00:12:54", "end": "00:13:01", "text": "Cardano to 15 cents kind of seems strong"}, {"start": "00:12:59", "end": "00:13:03", "text": "still even because you mentioned we're"}, {"start": "00:13:01", "end": "00:13:03", "text": "going to have turbulence at 19 cents and"}, {"start": "00:13:03", "end": "00:13:05", "text": "18 cent."}, {"start": "00:13:03", "end": "00:13:06", "text": ">> Yeah. Well, we'll look at the Cardano TA"}, {"start": "00:13:05", "end": "00:13:08", "text": "in a little But I do want to ask the"}, {"start": "00:13:06", "end": "00:13:10", "text": "question and then answer. Who the heck"}, {"start": "00:13:08", "end": "00:13:13", "text": "is selling, Drew? Who is selling"}, {"start": "00:13:10", "end": "00:13:15", "text": "Bitcoin? It crashes 10% in 10 seconds,"}, {"start": "00:13:13", "end": "00:13:17", "text": "it feels like. And they're like, \"Well,"}, {"start": "00:13:15", "end": "00:13:18", "text": "now I'm going to sell even more.\" Well,"}, {"start": "00:13:17", "end": "00:13:20", "text": "I have an answer for you folks. It is"}, {"start": "00:13:18", "end": "00:13:22", "text": "Wall Street, everybody. Wall Street is"}, {"start": "00:13:20", "end": "00:13:24", "text": "the one selling. So, who's selling the"}, {"start": "00:13:22", "end": "00:13:27", "text": "damn ETFs? According to D9, they're"}, {"start": "00:13:24", "end": "00:13:29", "text": "liquidating half a billion dollars per"}, {"start": "00:13:27", "end": "00:13:31", "text": "day to chase the AI bubble. Same will"}, {"start": "00:13:29", "end": "00:13:33", "text": "happen to the hype ETFs once another"}, {"start": "00:13:31", "end": "00:13:36", "text": "shiny thing comes along. Liquidity"}, {"start": "00:13:33", "end": "00:13:38", "text": "rotates. I would say hype more of a"}, {"start": "00:13:36", "end": "00:13:40", "text": "revenue based rather than a speculation"}, {"start": "00:13:38", "end": "00:13:42", "text": "based. I think it's people like not"}, {"start": "00:13:40", "end": "00:13:45", "text": "worried about what it's doing, you know,"}, {"start": "00:13:42", "end": "00:13:46", "text": "oh, it can do this in three years. I"}, {"start": "00:13:45", "end": "00:13:48", "text": "think the hype speculation is it's doing"}, {"start": "00:13:46", "end": "00:13:49", "text": "this today,"}, {"start": "00:13:48", "end": "00:13:50", "text": ">> which to me is a little bit of a"}, {"start": "00:13:49", "end": "00:13:52", "text": "different thesis, but are we really"}, {"start": "00:13:50", "end": "00:13:56", "text": "bleeding half a billion dollars a day?"}, {"start": "00:13:52", "end": "00:13:58", "text": "Let's go into the ETF data here. And you"}, {"start": "00:13:56", "end": "00:14:00", "text": "can see it does look rough. And I'm"}, {"start": "00:13:58", "end": "00:14:01", "text": "going to show you the last time it"}, {"start": "00:14:00", "end": "00:14:04", "text": "looked like this, folks. So you can see"}, {"start": "00:14:01", "end": "00:14:07", "text": "400 million, 500 million, almost 500"}, {"start": "00:14:04", "end": "00:14:10", "text": "million, 100 million, 200, 700 million,"}, {"start": "00:14:07", "end": "00:14:12", "text": "300 million, 2-day period, a billion"}, {"start": "00:14:10", "end": "00:14:14", "text": "dollars. Here we have a 3-day period."}, {"start": "00:14:12", "end": "00:14:15", "text": "And we're looking at I mean that's a"}, {"start": "00:14:14", "end": "00:14:18", "text": "two-day period of a billion dollars"}, {"start": "00:14:15", "end": "00:14:21", "text": "right now. 3-day period, almost $1.4"}, {"start": "00:14:18", "end": "00:14:24", "text": "billion in ETF outflows. And so this is"}, {"start": "00:14:21", "end": "00:14:26", "text": "representing Wall Street handover fist"}, {"start": "00:14:24", "end": "00:14:29", "text": "selling their Bitcoin ETFs, which then"}, {"start": "00:14:26", "end": "00:14:30", "text": "do have to settle on Coinbase later. But"}, {"start": "00:14:29", "end": "00:14:32", "text": "let's look at some of the other"}, {"start": "00:14:30", "end": "00:14:34", "text": "altcoins. Do you think ETH is doing"}, {"start": "00:14:32", "end": "00:14:37", "text": "well? Big red candle right there that"}, {"start": "00:14:34", "end": "00:14:41", "text": "gives you the warning. ETH $52 million"}, {"start": "00:14:37", "end": "00:14:43", "text": "to the downside. How about XRP? XRP ETF"}, {"start": "00:14:41", "end": "00:14:45", "text": "broke the streak, Drew. The streak was"}, {"start": "00:14:43", "end": "00:14:47", "text": "alive. We had the whole month of May. We"}, {"start": "00:14:45", "end": "00:14:48", "text": "were talking about this yesterday. A"}, {"start": "00:14:47", "end": "00:14:50", "text": "whole month of May. Can we make it"}, {"start": "00:14:48", "end": "00:14:52", "text": "through June without a sell? And it"}, {"start": "00:14:50", "end": "00:14:54", "text": "didn't even make it past June 3rd. Now,"}, {"start": "00:14:52", "end": "00:14:56", "text": "we do have two more we're going to look"}, {"start": "00:14:54", "end": "00:14:56", "text": "at. Do you think the chain link streak"}, {"start": "00:14:56", "end": "00:14:58", "text": "broke?"}, {"start": "00:14:56", "end": "00:14:58", "text": ">> Probably no one left. No one did"}, {"start": "00:14:58", "end": "00:14:59", "text": "anything."}, {"start": "00:14:58", "end": "00:15:00", "text": ">> No one did anything."}, {"start": "00:14:59", "end": "00:15:01", "text": ">> No one did anything."}, {"start": "00:15:00", "end": "00:15:02", "text": ">> The streak continues for chain link."}, {"start": "00:15:01", "end": "00:15:03", "text": ">> Yeah, there's shell."}, {"start": "00:15:02", "end": "00:15:05", "text": ">> There's never been an outflow day."}, {"start": "00:15:03", "end": "00:15:07", "text": ">> The link marines are shell shocks."}, {"start": "00:15:05", "end": "00:15:09", "text": ">> You ready for hype?"}, {"start": "00:15:07", "end": "00:15:11", "text": ">> Probably inflows. And I and I'll quit"}, {"start": "00:15:09", "end": "00:15:15", "text": "crypto, too."}, {"start": "00:15:11", "end": "00:15:15", "text": ">> It is true. You're right. It is inflows."}, {"start": "00:15:15", "end": "00:15:19", "text": ">> Yeah. I mean, I like to see a revenue"}, {"start": "00:15:18", "end": "00:15:22", "text": "based product doing well. And at least"}, {"start": "00:15:19", "end": "00:15:23", "text": "hype it. hype has been kind of like a"}, {"start": "00:15:22", "end": "00:15:25", "text": "chameleon where it can shift into"}, {"start": "00:15:23", "end": "00:15:28", "text": "whatever hot markets there are and get"}, {"start": "00:15:25", "end": "00:15:31", "text": "oil on tra onchain to trade and all"}, {"start": "00:15:28", "end": "00:15:33", "text": "these different things. So, um it's been"}, {"start": "00:15:31", "end": "00:15:35", "text": "a pretty interesting product to see uh"}, {"start": "00:15:33", "end": "00:15:37", "text": "up and come and it's given some hope and"}, {"start": "00:15:35", "end": "00:15:39", "text": "some fun at least uh for us to have in"}, {"start": "00:15:37", "end": "00:15:41", "text": "spot holdings even like you moved into"}, {"start": "00:15:39", "end": "00:15:42", "text": "it out of you didn't die on the hill"}, {"start": "00:15:41", "end": "00:15:42", "text": ">> like 10 different alts I've sold"}, {"start": "00:15:42", "end": "00:15:44", "text": "probably"}, {"start": "00:15:42", "end": "00:15:46", "text": ">> I was think as I was driving us around"}, {"start": "00:15:44", "end": "00:15:47", "text": "and we were fixing your tire I was just"}, {"start": "00:15:46", "end": "00:15:50", "text": "thinking to myself I'm glad I didn't die"}, {"start": "00:15:47", "end": "00:15:52", "text": "on the hill of chain link and ride that"}, {"start": "00:15:50", "end": "00:15:54", "text": "thing back down from that last because I"}, {"start": "00:15:52", "end": "00:15:56", "text": "sold it at like 1350 14 bucks and felt"}, {"start": "00:15:54", "end": "00:15:58", "text": "like a fool watching the price action"}, {"start": "00:15:56", "end": "00:16:00", "text": "right now like I protect myself from"}, {"start": "00:15:58", "end": "00:16:01", "text": "tens of thousands of dollars in losses."}, {"start": "00:16:00", "end": "00:16:03", "text": ">> I am a little upset I didn't take"}, {"start": "00:16:01", "end": "00:16:05", "text": "Bitcoin profits at the top part of that"}, {"start": "00:16:03", "end": "00:16:06", "text": "range when we were in the 80s. My"}, {"start": "00:16:05", "end": "00:16:08", "text": "prediction, if you recall, we're going"}, {"start": "00:16:06", "end": "00:16:10", "text": "to 8085 and then we're going to pull"}, {"start": "00:16:08", "end": "00:16:11", "text": "back down into the 60s. Yeah, it's"}, {"start": "00:16:10", "end": "00:16:14", "text": "exactly what happened."}, {"start": "00:16:11", "end": "00:16:15", "text": ">> Yeah, I didn't ex"}, {"start": "00:16:14", "end": "00:16:17", "text": "helped me short that. Crank helped me"}, {"start": "00:16:15", "end": "00:16:19", "text": "short and that quant in our Discord"}, {"start": "00:16:17", "end": "00:16:21", "text": "helped me short that. So, I am thankful"}, {"start": "00:16:19", "end": "00:16:23", "text": "for that. I didn't, you know, sell spot"}, {"start": "00:16:21", "end": "00:16:25", "text": "bitcoin, but I did use some tether and"}, {"start": "00:16:23", "end": "00:16:26", "text": "just put it on a little bit of leverage"}, {"start": "00:16:25", "end": "00:16:27", "text": "there. So,"}, {"start": "00:16:26", "end": "00:16:28", "text": ">> all right. Well, let's get into some"}, {"start": "00:16:27", "end": "00:16:31", "text": "Bitcoin levels. Is this the bare market"}, {"start": "00:16:28", "end": "00:16:32", "text": "bottom? We do have a $5 super chat here."}, {"start": "00:16:31", "end": "00:16:34", "text": "Uh, if we don't get an FTX news event to"}, {"start": "00:16:32", "end": "00:16:36", "text": "send us lower and we actually get"}, {"start": "00:16:34", "end": "00:16:38", "text": "positive news, is it possible we don't"}, {"start": "00:16:36", "end": "00:16:40", "text": "break 60K? I think it is possible right"}, {"start": "00:16:38", "end": "00:16:43", "text": "now we don't break 60K. I do think we're"}, {"start": "00:16:40", "end": "00:16:46", "text": "going to revisit it, but I I I could put"}, {"start": "00:16:43", "end": "00:16:48", "text": "40, maybe even 50% odds we're not going"}, {"start": "00:16:46", "end": "00:16:49", "text": "to go below 60K even in this bearish"}, {"start": "00:16:48", "end": "00:16:51", "text": "sentiment environment."}, {"start": "00:16:49", "end": "00:16:53", "text": ">> It's poss and you got to be prepared for"}, {"start": "00:16:51", "end": "00:16:55", "text": "the unexpected in Bitcoin. That's kind"}, {"start": "00:16:53", "end": "00:16:57", "text": "of what I've been taught over the last"}, {"start": "00:16:55", "end": "00:16:59", "text": "few cycles. So yeah, it's possible"}, {"start": "00:16:57", "end": "00:17:01", "text": "Bitcoin holds a 60K."}, {"start": "00:16:59", "end": "00:17:03", "text": ">> I would say sailor selling, even though"}, {"start": "00:17:01", "end": "00:17:06", "text": "it's a a small amount, sailor selling"}, {"start": "00:17:03", "end": "00:17:07", "text": "is, you know, it's not the same as the"}, {"start": "00:17:06", "end": "00:17:10", "text": "FDX collapse, but I would say this,"}, {"start": "00:17:07", "end": "00:17:12", "text": "that's a huge bare shot in the woods."}, {"start": "00:17:10", "end": "00:17:14", "text": ">> Yeah, it's a it's a bad sign. It"}, {"start": "00:17:12", "end": "00:17:15", "text": ">> is not a great sign. We are going to"}, {"start": "00:17:14", "end": "00:17:16", "text": "talk about stretch perpetual. We're"}, {"start": "00:17:15", "end": "00:17:18", "text": "going to check on that. We're going to"}, {"start": "00:17:16", "end": "00:17:19", "text": "check out Micro Strategy as well. Now,"}, {"start": "00:17:18", "end": "00:17:23", "text": "let's look at this. Bitcoin just tagged"}, {"start": "00:17:19", "end": "00:17:24", "text": "the 200E trend line that defined the 22"}, {"start": "00:17:23", "end": "00:17:28", "text": "bare market. What are they talking"}, {"start": "00:17:24", "end": "00:17:30", "text": "about? the 200 week SMA. Normally we"}, {"start": "00:17:28", "end": "00:17:32", "text": "look at the EMA"}, {"start": "00:17:30", "end": "00:17:34", "text": "chat. Do you guys know the difference?"}, {"start": "00:17:32", "end": "00:17:35", "text": "You know the difference between EMA SMA."}, {"start": "00:17:34", "end": "00:17:37", "text": "Hopefully I've uh you know gave you guys"}, {"start": "00:17:35", "end": "00:17:39", "text": "enough information you remember this."}, {"start": "00:17:37", "end": "00:17:42", "text": "The last time price interacted with the"}, {"start": "00:17:39", "end": "00:17:44", "text": "200 SMA was October 2023. During the"}, {"start": "00:17:42", "end": "00:17:47", "text": "bare market of 22, it functioned as"}, {"start": "00:17:44", "end": "00:17:49", "text": "resistance until the bulls fully gained"}, {"start": "00:17:47", "end": "00:17:51", "text": "control here. Now, some optimistic"}, {"start": "00:17:49", "end": "00:17:53", "text": "market takes focus on the oversold"}, {"start": "00:17:51", "end": "00:17:56", "text": "nature of Bitcoin at local lows. On the"}, {"start": "00:17:53", "end": "00:17:59", "text": "daily time frames, the RSI dropped to"}, {"start": "00:17:56", "end": "00:18:03", "text": "17.35. This is the lowest level since 22"}, {"start": "00:17:59", "end": "00:18:05", "text": "or sorry, 2020 along with the February"}, {"start": "00:18:03", "end": "00:18:07", "text": "drop. So, that's the the key phrase"}, {"start": "00:18:05", "end": "00:18:10", "text": "right there as well as the February"}, {"start": "00:18:07", "end": "00:18:12", "text": "drop. So, not the lowest since 2020, but"}, {"start": "00:18:10", "end": "00:18:14", "text": "along with that, it is the lowest since"}, {"start": "00:18:12", "end": "00:18:16", "text": "2020. Let's go ahead and jump into that"}, {"start": "00:18:14", "end": "00:18:18", "text": "daily RSI."}, {"start": "00:18:16", "end": "00:18:21", "text": "Going to this chart. going to the daily"}, {"start": "00:18:18", "end": "00:18:23", "text": "candles going up the RSI. I drew down"}, {"start": "00:18:21", "end": "00:18:25", "text": "the the horizontal line here. Let me"}, {"start": "00:18:23", "end": "00:18:26", "text": "This is our one hour bull div. I'm just"}, {"start": "00:18:25", "end": "00:18:28", "text": "going to go ahead and delete that. You"}, {"start": "00:18:26", "end": "00:18:30", "text": "guys remember it. But yeah, that's"}, {"start": "00:18:28", "end": "00:18:33", "text": "that's about accurate. Let's see. How"}, {"start": "00:18:30", "end": "00:18:35", "text": "often have we come down to this oversold"}, {"start": "00:18:33", "end": "00:18:38", "text": "level for Bitcoin? Well, sure enough, it"}, {"start": "00:18:35", "end": "00:18:41", "text": "was February. That was a V-shaped"}, {"start": "00:18:38", "end": "00:18:44", "text": "recovery. Okay. Kind of a good sign."}, {"start": "00:18:41", "end": "00:18:46", "text": "Keep going. All right. Well, we're not"}, {"start": "00:18:44", "end": "00:18:48", "text": "seeing anything in 2024."}, {"start": "00:18:46", "end": "00:18:50", "text": "If you really want to be, you know,"}, {"start": "00:18:48", "end": "00:18:53", "text": "specific, you say, well, it didn't touch"}, {"start": "00:18:50", "end": "00:18:55", "text": "in August 2023, but that was essentially"}, {"start": "00:18:53", "end": "00:18:57", "text": "the low for that level. You know, didn't"}, {"start": "00:18:55", "end": "00:18:58", "text": "really go lower than that. Maybe just,"}, {"start": "00:18:57", "end": "00:19:00", "text": "you know, a little wick here and there."}, {"start": "00:18:58", "end": "00:19:02", "text": "Also a pretty close range, but that was"}, {"start": "00:19:00", "end": "00:19:04", "text": "the start of that bare flag that we were"}, {"start": "00:19:02", "end": "00:19:06", "text": "talking about. I mean, now we're in"}, {"start": "00:19:04", "end": "00:19:09", "text": "2020. And then there you go. You see it"}, {"start": "00:19:06", "end": "00:19:11", "text": "right there, March 2020. And again, this"}, {"start": "00:19:09", "end": "00:19:14", "text": "is a V-shaped recovery. You're saying,"}, {"start": "00:19:11", "end": "00:19:15", "text": "can we not go below 60? Certainly"}, {"start": "00:19:14", "end": "00:19:17", "text": "possible, Drew. It is certainly"}, {"start": "00:19:15", "end": "00:19:21", "text": "possible. We might not see the 50s."}, {"start": "00:19:17", "end": "00:19:24", "text": ">> Yeah. And like the March 2020 crash,"}, {"start": "00:19:21", "end": "00:19:24", "text": "that was a really great opportunity for"}, {"start": "00:19:24", "end": "00:19:26", "text": "me."}, {"start": "00:19:24", "end": "00:19:27", "text": ">> Oh yeah, I meant to pull it up too."}, {"start": "00:19:26", "end": "00:19:29", "text": ">> You know, like that's where I was able"}, {"start": "00:19:27", "end": "00:19:31", "text": "to actually begin the process of"}, {"start": "00:19:29", "end": "00:19:33", "text": "changing my life and it came through"}, {"start": "00:19:31", "end": "00:19:36", "text": "crypto because when we were in that"}, {"start": "00:19:33", "end": "00:19:38", "text": "COVID crash, you know, I I had a life"}, {"start": "00:19:36", "end": "00:19:40", "text": "savings that I had put together. It was"}, {"start": "00:19:38", "end": "00:19:43", "text": "it was not a 100k. It wasn't, you know,"}, {"start": "00:19:40", "end": "00:19:45", "text": "it wasn't, it was not the 100K that you"}, {"start": "00:19:43", "end": "00:19:47", "text": "want to go into crypto with to really"}, {"start": "00:19:45", "end": "00:19:49", "text": "change your life. It was, you know,"}, {"start": "00:19:47", "end": "00:19:51", "text": "within 20K,"}, {"start": "00:19:49", "end": "00:19:55", "text": ">> but I put all of it into Bitcoin and"}, {"start": "00:19:51", "end": "00:19:59", "text": "Ethereum and even XRP and Chain Link at"}, {"start": "00:19:55", "end": "00:20:02", "text": "those guttural March 2020 lows. And"}, {"start": "00:19:59", "end": "00:20:06", "text": "that's when my vision of what money is"}, {"start": "00:20:02", "end": "00:20:08", "text": "really changed because, you know, I"}, {"start": "00:20:06", "end": "00:20:10", "text": "leaned against the narrative to the main"}, {"start": "00:20:08", "end": "00:20:13", "text": "street was telling me to be careful to"}, {"start": "00:20:10", "end": "00:20:15", "text": "save money. I didn't and I went all in"}, {"start": "00:20:13", "end": "00:20:17", "text": "on Bitcoin at its worst moment, its"}, {"start": "00:20:15", "end": "00:20:20", "text": "worst hour. And it really flipped the"}, {"start": "00:20:17", "end": "00:20:22", "text": "script for me. So seeing this I can kind"}, {"start": "00:20:20", "end": "00:20:24", "text": "of you know that's why I'm not so"}, {"start": "00:20:22", "end": "00:20:27", "text": "concerned about this dump either is"}, {"start": "00:20:24", "end": "00:20:29", "text": "because I've seen massive dumps turn my"}, {"start": "00:20:27", "end": "00:20:31", "text": "life around in a very very good way if"}, {"start": "00:20:29", "end": "00:20:33", "text": "I'm able to lean into them with a little"}, {"start": "00:20:31", "end": "00:20:36", "text": "bit of gumption and a little bit of"}, {"start": "00:20:33", "end": "00:20:38", "text": "bravery. So you know I I am feeling more"}, {"start": "00:20:36", "end": "00:20:41", "text": "comfortable and happier that we're"}, {"start": "00:20:38", "end": "00:20:44", "text": "getting cheaper Bitcoin. If we hit 55"}, {"start": "00:20:41", "end": "00:20:46", "text": "I'll be there buying. If we hit 40 45"}, {"start": "00:20:44", "end": "00:20:47", "text": "I'll be there buying. But I am, like I"}, {"start": "00:20:46", "end": "00:20:49", "text": "said, I've been actively buying this"}, {"start": "00:20:47", "end": "00:20:51", "text": "whole range anyways because, you know,"}, {"start": "00:20:49", "end": "00:20:52", "text": "we're revisiting previous all-time highs"}, {"start": "00:20:51", "end": "00:20:54", "text": "of the last market. So"}, {"start": "00:20:52", "end": "00:20:56", "text": ">> now, Michael's uh espousing this and you"}, {"start": "00:20:54", "end": "00:20:58", "text": "do see this a lot, but it's not entirely"}, {"start": "00:20:56", "end": "00:21:00", "text": "accurate. The 200E SMA has marked the"}, {"start": "00:20:58", "end": "00:21:01", "text": "bottom of the bare market every single"}, {"start": "00:21:00", "end": "00:21:04", "text": "cycle. Well, let's let's just test that"}, {"start": "00:21:01", "end": "00:21:06", "text": "theory. So, here you can see the 200E"}, {"start": "00:21:04", "end": "00:21:09", "text": "SMA. Bitcoin's price came down to that"}, {"start": "00:21:06", "end": "00:21:11", "text": "level. And remember, this is the teal"}, {"start": "00:21:09", "end": "00:21:13", "text": "line."}, {"start": "00:21:11", "end": "00:21:14", "text": "We fell below it during this bare"}, {"start": "00:21:13", "end": "00:21:16", "text": "market. But we fell below it and then it"}, {"start": "00:21:14", "end": "00:21:18", "text": "actually kind of acted as resistance,"}, {"start": "00:21:16", "end": "00:21:20", "text": "resistance, resistance and then you know"}, {"start": "00:21:18", "end": "00:21:24", "text": "a resistance again and then shot past"}, {"start": "00:21:20", "end": "00:21:26", "text": "it. So we went below it and we went at"}, {"start": "00:21:24", "end": "00:21:29", "text": "the lowest range. We went an extra 35%"}, {"start": "00:21:26", "end": "00:21:30", "text": "to the downside. But the bare market"}, {"start": "00:21:29", "end": "00:21:32", "text": "before that it was essentially the"}, {"start": "00:21:30", "end": "00:21:35", "text": "bottom uh indicator here. There you can"}, {"start": "00:21:32", "end": "00:21:37", "text": "see perfectly perfectly acted as support"}, {"start": "00:21:35", "end": "00:21:39", "text": "minus the the brief flash that happened"}, {"start": "00:21:37", "end": "00:21:42", "text": "uh where we did fall below slightly"}, {"start": "00:21:39", "end": "00:21:43", "text": "there. So yeah, this is this is a little"}, {"start": "00:21:42", "end": "00:21:46", "text": "bit of a line in the sand. Sometimes it"}, {"start": "00:21:43", "end": "00:21:50", "text": "is the bottom. Last cycle we went 35%"}, {"start": "00:21:46", "end": "00:21:51", "text": "lower. It's again the $64,000 question."}, {"start": "00:21:50", "end": "00:21:53", "text": "What is going to happen this time? Are"}, {"start": "00:21:51", "end": "00:21:56", "text": "we going to go the 35% lower? We can"}, {"start": "00:21:53", "end": "00:21:59", "text": "measure that. That's going to be"}, {"start": "00:21:56", "end": "00:22:02", "text": ">> Hold. That's never a good sign, Drew."}, {"start": "00:21:59", "end": "00:22:05", "text": "You got to shrink the y- axis. Oh no."}, {"start": "00:22:02", "end": "00:22:09", "text": "Yeah. This is probably in the 40s. Not"}, {"start": "00:22:05", "end": "00:22:09", "text": "again. Are you kidding me?"}, {"start": "00:22:11", "end": "00:22:16", "text": "Okay, there we go. There. I was about to"}, {"start": "00:22:13", "end": "00:22:17", "text": "crash out. Uh 40,000 $40,000 Bitcoin."}, {"start": "00:22:16", "end": "00:22:19", "text": ">> Yeah. So,"}, {"start": "00:22:17", "end": "00:22:21", "text": ">> do you think we go to 40k, chat? Do you"}, {"start": "00:22:19", "end": "00:22:23", "text": "think we go to 40k? Yes or no? Do you"}, {"start": "00:22:21", "end": "00:22:25", "text": "think we go to 40k, Drew?"}, {"start": "00:22:23", "end": "00:22:29", "text": ">> No, I mean like I'm prepared in case we"}, {"start": "00:22:25", "end": "00:22:33", "text": "do, but my probability meter is saying"}, {"start": "00:22:29", "end": "00:22:35", "text": "mid50s or this 60 mark does end up being"}, {"start": "00:22:33", "end": "00:22:37", "text": "that bounce point. Um, you know, but if"}, {"start": "00:22:35", "end": "00:22:40", "text": "we do go to 40, I'll be cuz think about"}, {"start": "00:22:37", "end": "00:22:43", "text": "it. If if it goes to 40k, then 20 grand"}, {"start": "00:22:40", "end": "00:22:46", "text": "gets you half a bitcoin. Like, you know,"}, {"start": "00:22:43", "end": "00:22:49", "text": "if you loved Bitcoin at 126, you should"}, {"start": "00:22:46", "end": "00:22:51", "text": "be over the moon about Bitcoin at 40k."}, {"start": "00:22:49", "end": "00:22:54", "text": ">> Uh what do you think of Crank calling"}, {"start": "00:22:51", "end": "00:22:55", "text": "for the shot uh the revisit to 40K?"}, {"start": "00:22:54", "end": "00:22:59", "text": ">> Me and Crank talked about this a lot"}, {"start": "00:22:55", "end": "00:23:02", "text": "yesterday, and it's so just to put this"}, {"start": "00:22:59", "end": "00:23:04", "text": "plainly, if Bitcoin's growth continues"}, {"start": "00:23:02", "end": "00:23:06", "text": "at a diminished gains and diminished"}, {"start": "00:23:04", "end": "00:23:08", "text": "returns aspect like it's been doing,"}, {"start": "00:23:06", "end": "00:23:12", "text": "also diminish,"}, {"start": "00:23:08", "end": "00:23:15", "text": ">> right? If 40k is that bottom for Bitcoin"}, {"start": "00:23:12", "end": "00:23:19", "text": "in this year bare market, then you're"}, {"start": "00:23:15", "end": "00:23:23", "text": "upside target is around 160 to 180K for"}, {"start": "00:23:19", "end": "00:23:27", "text": "the blowoff top to come. Right now, if"}, {"start": "00:23:23", "end": "00:23:29", "text": "55 is the true bottom, that's taken into"}, {"start": "00:23:27", "end": "00:23:32", "text": "account, your blowoff top is measured"}, {"start": "00:23:29", "end": "00:23:35", "text": "from 200K to 260K."}, {"start": "00:23:32", "end": "00:23:36", "text": "So you're really not too far off in"}, {"start": "00:23:35", "end": "00:23:39", "text": "terms of expected blowoff top for"}, {"start": "00:23:36", "end": "00:23:42", "text": "Bitcoin regardless of whichever bottom"}, {"start": "00:23:39", "end": "00:23:44", "text": "ends up being that true mark and 40K"}, {"start": "00:23:42", "end": "00:23:46", "text": "would still fall in line with the"}, {"start": "00:23:44", "end": "00:23:48", "text": "general parabola for Bitcoin's overall"}, {"start": "00:23:46", "end": "00:23:50", "text": "growth. So you know there is a slight"}, {"start": "00:23:48", "end": "00:23:53", "text": "difference in the short term in this"}, {"start": "00:23:50", "end": "00:23:55", "text": "year but when we're looking at 2028 and"}, {"start": "00:23:53", "end": "00:23:57", "text": "2029"}, {"start": "00:23:55", "end": "00:23:59", "text": "the difference of the blowoff top is"}, {"start": "00:23:57", "end": "00:24:00", "text": "really not that far off. And if"}, {"start": "00:23:59", "end": "00:24:01", "text": "diminished returns and gains continue,"}, {"start": "00:24:00", "end": "00:24:03", "text": "you're looking at a"}, {"start": "00:24:01", "end": "00:24:04", "text": ">> So is his No, I thought his predictions"}, {"start": "00:24:03", "end": "00:24:06", "text": "like we're going there in months, not"}, {"start": "00:24:04", "end": "00:24:07", "text": "2028, not 2029."}, {"start": "00:24:06", "end": "00:24:08", "text": ">> No, I'm talking about the blowoff top"}, {"start": "00:24:07", "end": "00:24:11", "text": "being in 2018, right?"}, {"start": "00:24:08", "end": "00:24:13", "text": ">> Well, I'll say this. Uh a parabola"}, {"start": "00:24:11", "end": "00:24:14", "text": "parameter is not enough for me to say,"}, {"start": "00:24:13", "end": "00:24:16", "text": "oh, we could go to 40. I need more than"}, {"start": "00:24:14", "end": "00:24:19", "text": "that, Crank. I need more than a"}, {"start": "00:24:16", "end": "00:24:20", "text": "parabola's parameters. I'm just making"}, {"start": "00:24:19", "end": "00:24:22", "text": "stuff up."}, {"start": "00:24:20", "end": "00:24:26", "text": ">> He's a he's using overall Fibonacci"}, {"start": "00:24:22", "end": "00:24:27", "text": "sequence for Bitcoin's market. So,"}, {"start": "00:24:26", "end": "00:24:28", "text": ">> I don't really like using Fibonacci to"}, {"start": "00:24:27", "end": "00:24:30", "text": "the downside either."}, {"start": "00:24:28", "end": "00:24:32", "text": ">> Yeah, he's using it on a log setup as"}, {"start": "00:24:30", "end": "00:24:33", "text": "well. So, it's just a different way of"}, {"start": "00:24:32", "end": "00:24:34", "text": "doing things, right?"}, {"start": "00:24:33", "end": "00:24:36", "text": ">> Next thing you know, you're going to say"}, {"start": "00:24:34", "end": "00:24:37", "text": "he does this after he spins around in a"}, {"start": "00:24:36", "end": "00:24:39", "text": "circle 20 times and he does it while"}, {"start": "00:24:37", "end": "00:24:40", "text": "upside down on his laptop."}, {"start": "00:24:39", "end": "00:24:41", "text": ">> Yeah."}, {"start": "00:24:40", "end": "00:24:43", "text": ">> What are we even saying here? He only he"}, {"start": "00:24:41", "end": "00:24:44", "text": "only does the TA on rainy days."}, {"start": "00:24:43", "end": "00:24:46", "text": ">> And me and him get on the air and we"}, {"start": "00:24:44", "end": "00:24:48", "text": "argue about our our differences because"}, {"start": "00:24:46", "end": "00:24:50", "text": "like I said, like I'm feeling like the"}, {"start": "00:24:48", "end": "00:24:51", "text": "bottom is closer than, you know, 40K"}, {"start": "00:24:50", "end": "00:24:54", "text": "still."}, {"start": "00:24:51", "end": "00:24:56", "text": ">> 40K. He's in here. 41K. 41K."}, {"start": "00:24:54", "end": "00:24:57", "text": ">> We should get you on with him. Just He"}, {"start": "00:24:56", "end": "00:25:00", "text": "has his opinion and I have mine."}, {"start": "00:24:57", "end": "00:25:02", "text": ">> I parabola has parameters. Now, I know"}, {"start": "00:25:00", "end": "00:25:03", "text": "I'm kind of cherry-picking what you said"}, {"start": "00:25:02", "end": "00:25:04", "text": "and you're just kind of paraphrasing"}, {"start": "00:25:03", "end": "00:25:07", "text": "what he said. So, I know I'm not"}, {"start": "00:25:04", "end": "00:25:08", "text": "representing I'm not steal maning crypto"}, {"start": "00:25:07", "end": "00:25:10", "text": "cranks position."}, {"start": "00:25:08", "end": "00:25:12", "text": ">> My point is is that the difference of"}, {"start": "00:25:10", "end": "00:25:15", "text": "the blowoff top for Bitcoin in I still"}, {"start": "00:25:12", "end": "00:25:18", "text": "feel like it's 2029 and he does too and"}, {"start": "00:25:15", "end": "00:25:20", "text": "that's four-year cycle action. It"}, {"start": "00:25:18", "end": "00:25:24", "text": "doesn't change too much even if the"}, {"start": "00:25:20", "end": "00:25:26", "text": "difference is 55k or 40 somek. It really"}, {"start": "00:25:24", "end": "00:25:28", "text": "doesn't because your target is still"}, {"start": "00:25:26", "end": "00:25:32", "text": "upper hundreds, you know, 180 if 40 is"}, {"start": "00:25:28", "end": "00:25:36", "text": "that low and then uh low to mid 200s if"}, {"start": "00:25:32", "end": "00:25:38", "text": "the low is at 50,000 or 55,000. So"}, {"start": "00:25:36", "end": "00:25:41", "text": "that's it. That's the difference of it."}, {"start": "00:25:38", "end": "00:25:43", "text": "And the real thing is if this process"}, {"start": "00:25:41", "end": "00:25:46", "text": "for Bitcoin continues, you're looking at"}, {"start": "00:25:43", "end": "00:25:49", "text": "a 4.3x from the lows. Simply put, you're"}, {"start": "00:25:46", "end": "00:25:51", "text": "looking at a 4.3x from the lows if the"}, {"start": "00:25:49", "end": "00:25:53", "text": "process of Bitcoin's expansion continues"}, {"start": "00:25:51", "end": "00:25:55", "text": "at the rate that it's at. Might quicken,"}, {"start": "00:25:53", "end": "00:25:57", "text": "might get better, or it might get worse."}, {"start": "00:25:55", "end": "00:25:58", "text": "But I take risks. And I'm"}, {"start": "00:25:57", "end": "00:26:00", "text": ">> I'd have to do some logarithmic"}, {"start": "00:25:58", "end": "00:26:02", "text": "equations to really really look at that"}, {"start": "00:26:00", "end": "00:26:05", "text": "because I know what you're saying. You"}, {"start": "00:26:02", "end": "00:26:10", "text": "know, one previous cycle was a 20x, then"}, {"start": "00:26:05", "end": "00:26:13", "text": "the next one was 16 to roughly 122K,"}, {"start": "00:26:10", "end": "00:26:14", "text": "126K. So that became what about a 7x"}, {"start": "00:26:13", "end": "00:26:16", "text": ">> something like that."}, {"start": "00:26:14", "end": "00:26:18", "text": ">> You really should. The next one would be"}, {"start": "00:26:16", "end": "00:26:19", "text": "4.6x. Is that what you're saying? It was"}, {"start": "00:26:18", "end": "00:26:19", "text": "4.6x."}, {"start": "00:26:19", "end": "00:26:21", "text": ">> 4.3."}, {"start": "00:26:19", "end": "00:26:25", "text": ">> 4.3x came out to. Yeah."}, {"start": "00:26:21", "end": "00:26:27", "text": ">> Yeah. I'd have to do the y = mc"}, {"start": "00:26:25", "end": "00:26:29", "text": "ab I'm not ready. See, I'd have to go"}, {"start": "00:26:27", "end": "00:26:31", "text": "I'd have to I'd have to literally look"}, {"start": "00:26:29", "end": "00:26:33", "text": "up these old equations from like algebra"}, {"start": "00:26:31", "end": "00:26:33", "text": "2 and trigonometry that I was learning"}, {"start": "00:26:33", "end": "00:26:35", "text": "years and years ago."}, {"start": "00:26:33", "end": "00:26:36", "text": ">> I would watch that video. I would watch"}, {"start": "00:26:35", "end": "00:26:37", "text": "that video."}, {"start": "00:26:36", "end": "00:26:39", "text": ">> People sometimes like the Excel"}, {"start": "00:26:37", "end": "00:26:40", "text": "spreadsheet videos. You're you're right."}, {"start": "00:26:39", "end": "00:26:42", "text": "I I went I went I was I went to"}, {"start": "00:26:40", "end": "00:26:43", "text": "schooling for accounting and every now"}, {"start": "00:26:42", "end": "00:26:45", "text": "and then I like to put on that green"}, {"start": "00:26:43", "end": "00:26:48", "text": "translucent hat and the pocket protector"}, {"start": "00:26:45", "end": "00:26:50", "text": "and go full nerd but not as nerdy as Ben"}, {"start": "00:26:48", "end": "00:26:51", "text": "Cowan. Now let's talk about some other"}, {"start": "00:26:50", "end": "00:26:53", "text": "levels real quick. I love Ben Cowan and"}, {"start": "00:26:51", "end": "00:26:55", "text": "we're just joking. Uh the distribution"}, {"start": "00:26:53", "end": "00:26:57", "text": "phase feels like a massive change of"}, {"start": "00:26:55", "end": "00:27:00", "text": "hands. What is another bottom signal?"}, {"start": "00:26:57", "end": "00:27:02", "text": "Average cost basis. Right now it's 53k."}, {"start": "00:27:00", "end": "00:27:05", "text": "Historically bare markets end only after"}, {"start": "00:27:02", "end": "00:27:07", "text": "we fall below the realized price. I"}, {"start": "00:27:05", "end": "00:27:08", "text": "thought it'd be hard to revisit,"}, {"start": "00:27:07", "end": "00:27:10", "text": "especially, you know, with Micro"}, {"start": "00:27:08", "end": "00:27:12", "text": "Strategy barely selling any Bitcoin. But"}, {"start": "00:27:10", "end": "00:27:14", "text": "current price action suggests unusually"}, {"start": "00:27:12", "end": "00:27:16", "text": "strong sell pressure. And I would just"}, {"start": "00:27:14", "end": "00:27:19", "text": "say the ETF redemptions is showing us"}, {"start": "00:27:16", "end": "00:27:21", "text": "the unusually strong sell pressure here."}, {"start": "00:27:19", "end": "00:27:24", "text": "And so what is the level he's talking"}, {"start": "00:27:21", "end": "00:27:27", "text": "about the average cost basis? Well, we"}, {"start": "00:27:24", "end": "00:27:29", "text": "do have a little little Bitcoin magazine"}, {"start": "00:27:27", "end": "00:27:30", "text": "pro account here. Shout out to Kelly"}, {"start": "00:27:29", "end": "00:27:32", "text": "hooking this up here. I think this is"}, {"start": "00:27:30", "end": "00:27:35", "text": "like super like a thousand bucks a year."}, {"start": "00:27:32", "end": "00:27:37", "text": "But this is Bitcoin's realized price."}, {"start": "00:27:35", "end": "00:27:40", "text": "It's the orange line. Not only do we go"}, {"start": "00:27:37", "end": "00:27:41", "text": "to it, we typically go below it. And"}, {"start": "00:27:40", "end": "00:27:43", "text": "here you can see we went below that bare"}, {"start": "00:27:41", "end": "00:27:45", "text": "market, that bare market, that bare"}, {"start": "00:27:43", "end": "00:27:46", "text": "market, even these weird bare markets"}, {"start": "00:27:45", "end": "00:27:48", "text": "where Bitcoin is just kind of"}, {"start": "00:27:46", "end": "00:27:52", "text": "skyrocketing. Let's zoom in into this"}, {"start": "00:27:48", "end": "00:27:54", "text": "current data right now. That holder"}, {"start": "00:27:52", "end": "00:27:57", "text": "basis."}, {"start": "00:27:54", "end": "00:27:59", "text": "Yeah. Realize price is roughly $54,000."}, {"start": "00:27:57", "end": "00:28:01", "text": "And that's the average price of all the"}, {"start": "00:27:59", "end": "00:28:02", "text": "Bitcoin that is last change hands."}, {"start": "00:28:01", "end": "00:28:05", "text": ">> Yeah."}, {"start": "00:28:02", "end": "00:28:09", "text": "Uh, I think I saw another stat like 50%"}, {"start": "00:28:05", "end": "00:28:11", "text": "of uh where is this at? It was 50% of"}, {"start": "00:28:09", "end": "00:28:12", "text": "all Bitcoin in circulation now."}, {"start": "00:28:11", "end": "00:28:14", "text": ">> Yeah, I'm actually looking at this right"}, {"start": "00:28:12", "end": "00:28:16", "text": "now. Good segue. Did"}, {"start": "00:28:14", "end": "00:28:18", "text": ">> were you looking over my shoulder when I"}, {"start": "00:28:16", "end": "00:28:19", "text": "was doing research this morning? Do you"}, {"start": "00:28:18", "end": "00:28:21", "text": "have a camera in my office?"}, {"start": "00:28:19", "end": "00:28:23", "text": ">> No, I I just have it up on my screen."}, {"start": "00:28:21", "end": "00:28:25", "text": ">> All right. Well, uh, let's look at that."}, {"start": "00:28:23", "end": "00:28:26", "text": "So, what is Drew talking about here? So,"}, {"start": "00:28:25", "end": "00:28:29", "text": "historically, there's a transition. It's"}, {"start": "00:28:26", "end": "00:28:31", "text": "where half is in losses or more than"}, {"start": "00:28:29", "end": "00:28:33", "text": "half is in a loss. So this has marked"}, {"start": "00:28:31", "end": "00:28:35", "text": "every bare market bottom and it just"}, {"start": "00:28:33", "end": "00:28:38", "text": "flashed again. And so half of the"}, {"start": "00:28:35", "end": "00:28:40", "text": "Bitcoin in circulation is at a loss,"}, {"start": "00:28:38", "end": "00:28:41", "text": "unrealized loss. So they haven't, you"}, {"start": "00:28:40", "end": "00:28:43", "text": "know, they're they're basically holding"}, {"start": "00:28:41", "end": "00:28:45", "text": "this coin that they paid more for."}, {"start": "00:28:43", "end": "00:28:48", "text": ">> More than half of the Bitcoin holders"}, {"start": "00:28:45", "end": "00:28:50", "text": "are facing that situation. And so this"}, {"start": "00:28:48", "end": "00:28:52", "text": "transition occurs only during the deep"}, {"start": "00:28:50", "end": "00:28:54", "text": "bare market conditions. It often"}, {"start": "00:28:52", "end": "00:28:57", "text": "coincides with the major market bottom."}, {"start": "00:28:54", "end": "00:29:00", "text": "So in 2015 bare market supply and loss"}, {"start": "00:28:57", "end": "00:29:03", "text": "remained near equilibrium for about a"}, {"start": "00:29:00", "end": "00:29:05", "text": "year. So we just had this happen but in"}, {"start": "00:29:03", "end": "00:29:08", "text": "2015 it was is stuck that way for a"}, {"start": "00:29:05", "end": "00:29:10", "text": "year. And then we had 2019"}, {"start": "00:29:08", "end": "00:29:13", "text": "it lasted 6 months. Then it happened"}, {"start": "00:29:10", "end": "00:29:16", "text": "again in 2020 it only lasted one month."}, {"start": "00:29:13", "end": "00:29:18", "text": "The 22 bare market it lasted for six"}, {"start": "00:29:16", "end": "00:29:20", "text": "months. So it's essentially saying we"}, {"start": "00:29:18", "end": "00:29:21", "text": "might hang around this level for a long"}, {"start": "00:29:20", "end": "00:29:23", "text": "time. So I also pulled that up for you"}, {"start": "00:29:21", "end": "00:29:26", "text": "folks. Now, this right here is supply"}, {"start": "00:29:23", "end": "00:29:27", "text": "and profit. And I'm gonna zoom in a"}, {"start": "00:29:26", "end": "00:29:30", "text": "whole lot so we can kind of see the"}, {"start": "00:29:27", "end": "00:29:33", "text": "number. Remember this number. 8.6"}, {"start": "00:29:30", "end": "00:29:35", "text": "million Bitcoin are in profit. Let's go"}, {"start": "00:29:33", "end": "00:29:38", "text": "to loss."}, {"start": "00:29:35", "end": "00:29:42", "text": "Let's zoom in. Enhance."}, {"start": "00:29:38", "end": "00:29:45", "text": ">> Enhance. 8.6 million,"}, {"start": "00:29:42", "end": "00:29:47", "text": "9.3 at a loss. So, we have more Bitcoin"}, {"start": "00:29:45", "end": "00:29:49", "text": "at a loss than we have Bitcoin in"}, {"start": "00:29:47", "end": "00:29:51", "text": "profit. This historically does mark"}, {"start": "00:29:49", "end": "00:29:52", "text": "bottoms, everybody. So, this is bullish"}, {"start": "00:29:51", "end": "00:29:53", "text": "at the end of the day. It might take a"}, {"start": "00:29:52", "end": "00:29:54", "text": "while. Yeah,"}, {"start": "00:29:53", "end": "00:29:56", "text": ">> this is bullish. You ready to get"}, {"start": "00:29:54", "end": "00:29:59", "text": "bearish and talk about stretch?"}, {"start": "00:29:56", "end": "00:30:01", "text": ">> Well, it's I don't know how bearish this"}, {"start": "00:29:59", "end": "00:30:03", "text": "is. Like, honestly, in the basement, I"}, {"start": "00:30:01", "end": "00:30:05", "text": "was mad about Wall Street coming in"}, {"start": "00:30:03", "end": "00:30:07", "text": "anyways. So, I have a different"}, {"start": "00:30:05", "end": "00:30:09", "text": "viewpoint of this. I I think that they"}, {"start": "00:30:07", "end": "00:30:11", "text": "deserve all the pain that's coming. And"}, {"start": "00:30:09", "end": "00:30:11", "text": ">> I mean, I've been famously bears for"}, {"start": "00:30:11", "end": "00:30:13", "text": "kind of months at this point."}, {"start": "00:30:11", "end": "00:30:16", "text": ">> Yeah. Do you just want to copy and paste"}, {"start": "00:30:13", "end": "00:30:18", "text": "the system that caused Bitcoin to be"}, {"start": "00:30:16", "end": "00:30:21", "text": "created in the first place? The bad part"}, {"start": "00:30:18", "end": "00:30:24", "text": "of Wall Street, the, you know, god mode"}, {"start": "00:30:21", "end": "00:30:27", "text": "derivatives and loans and lending and"}, {"start": "00:30:24", "end": "00:30:28", "text": "money printing. It's it's another form"}, {"start": "00:30:27", "end": "00:30:30", "text": "of money printing that Wall Street does"}, {"start": "00:30:28", "end": "00:30:33", "text": "when they represent something that's not"}, {"start": "00:30:30", "end": "00:30:34", "text": "there and then give yield out of it. And"}, {"start": "00:30:33", "end": "00:30:36", "text": "this is where I think"}, {"start": "00:30:34", "end": "00:30:38", "text": ">> so what what I don't even I would have"}, {"start": "00:30:36", "end": "00:30:41", "text": "to disagree. I mean, they do hold"}, {"start": "00:30:38", "end": "00:30:44", "text": "Bitcoin. They hold Bitcoin, but the idea"}, {"start": "00:30:41", "end": "00:30:47", "text": "that they can just issue debt and then"}, {"start": "00:30:44", "end": "00:30:49", "text": "basically, you know, use the mechanisms"}, {"start": "00:30:47", "end": "00:30:51", "text": "to overlever themselves to get more"}, {"start": "00:30:49", "end": "00:30:52", "text": "Bitcoin just banking on its price going"}, {"start": "00:30:51", "end": "00:30:53", "text": "up."}, {"start": "00:30:52", "end": "00:30:56", "text": ">> Again, I I disagree with that phrasing"}, {"start": "00:30:53", "end": "00:30:58", "text": "because are they so much overleveraging"}, {"start": "00:30:56", "end": "00:30:59", "text": "themselves or just diluting their"}, {"start": "00:30:58", "end": "00:31:00", "text": "shareholders?"}, {"start": "00:30:59", "end": "00:31:01", "text": ">> Well, I think they're both. I think"}, {"start": "00:31:00", "end": "00:31:02", "text": "they're"}, {"start": "00:31:01", "end": "00:31:04", "text": ">> I mean, I guess you could say they're"}, {"start": "00:31:02", "end": "00:31:07", "text": "they're increasing their"}, {"start": "00:31:04", "end": "00:31:08", "text": ">> their obligations. So I guess in that"}, {"start": "00:31:07", "end": "00:31:10", "text": "case it's an overleveraging but it's not"}, {"start": "00:31:08", "end": "00:31:12", "text": "like they're using leverage"}, {"start": "00:31:10", "end": "00:31:14", "text": ">> and they're buying Bitcoin like they're"}, {"start": "00:31:12", "end": "00:31:16", "text": "not even helping the Bitcoin price go up"}, {"start": "00:31:14", "end": "00:31:17", "text": "when they buy. They're not buying on the"}, {"start": "00:31:16", "end": "00:31:18", "text": "open market."}, {"start": "00:31:17", "end": "00:31:20", "text": ">> So how do we know that? How do we know"}, {"start": "00:31:18", "end": "00:31:22", "text": "that? How do we know they're not"}, {"start": "00:31:20", "end": "00:31:24", "text": "absorbing massive OTC sales?"}, {"start": "00:31:22", "end": "00:31:27", "text": ">> I I will go back into it. I covered this"}, {"start": "00:31:24", "end": "00:31:29", "text": "a long time ago and I just found that"}, {"start": "00:31:27", "end": "00:31:30", "text": "the buys don't help the price go up and"}, {"start": "00:31:29", "end": "00:31:32", "text": "the sells help us go down."}, {"start": "00:31:30", "end": "00:31:34", "text": ">> No, but do we know that they don't"}, {"start": "00:31:32", "end": "00:31:35", "text": "prevent it dropping? We don't know that"}, {"start": "00:31:34", "end": "00:31:37", "text": "because we'd have to be in a parallel"}, {"start": "00:31:35", "end": "00:31:38", "text": "universe where everything's the same."}, {"start": "00:31:37", "end": "00:31:38", "text": ">> I'll pull it up in the background while"}, {"start": "00:31:38", "end": "00:31:40", "text": "you"}, {"start": "00:31:38", "end": "00:31:42", "text": ">> Well, no, no. I I agree with the thesis."}, {"start": "00:31:40", "end": "00:31:44", "text": "They buy and price doesn't go up. But"}, {"start": "00:31:42", "end": "00:31:47", "text": "how do we know that they didn't prevent"}, {"start": "00:31:44", "end": "00:31:48", "text": "it from going down?"}, {"start": "00:31:47", "end": "00:31:50", "text": ">> We don't."}, {"start": "00:31:48", "end": "00:31:52", "text": ">> We don't know that. And while you cover"}, {"start": "00:31:50", "end": "00:31:53", "text": "this, I'm doing a lot of stuff in the"}, {"start": "00:31:52", "end": "00:31:54", "text": "background. Like I said, warned you"}, {"start": "00:31:53", "end": "00:31:55", "text": "before the show. I'm trying to keep up."}, {"start": "00:31:54", "end": "00:31:56", "text": "But I will"}, {"start": "00:31:55", "end": "00:31:58", "text": ">> You know what? We chopped it up and I'm"}, {"start": "00:31:56", "end": "00:31:59", "text": "not even going to get into all this."}, {"start": "00:31:58", "end": "00:32:01", "text": "This is basically just saying, you know,"}, {"start": "00:31:59", "end": "00:32:04", "text": "their dividend obligations. Where's the"}, {"start": "00:32:01", "end": "00:32:06", "text": "money come from? Well, one of two"}, {"start": "00:32:04", "end": "00:32:08", "text": "places. They dilute the stock more or"}, {"start": "00:32:06", "end": "00:32:10", "text": "they sell Bitcoin. It's a trap,"}, {"start": "00:32:08", "end": "00:32:12", "text": "everybody. It's a trap. Now, let's go"}, {"start": "00:32:10", "end": "00:32:14", "text": "ahead and let's hit refresh. Let's It is"}, {"start": "00:32:12", "end": "00:32:16", "text": "trying to recover today. This is the"}, {"start": "00:32:14", "end": "00:32:18", "text": "stretch perpetual."}, {"start": "00:32:16", "end": "00:32:20", "text": "It's trying to do okay. I mean, you can"}, {"start": "00:32:18", "end": "00:32:22", "text": "see on the one hour it's it's doing fine"}, {"start": "00:32:20", "end": "00:32:26", "text": "there. You see it definitely did not"}, {"start": "00:32:22", "end": "00:32:30", "text": "like did not like the sell uh stretch"}, {"start": "00:32:26", "end": "00:32:32", "text": "perpetual far away from its $100 peg. I"}, {"start": "00:32:30", "end": "00:32:34", "text": "have a a serious question. Are they"}, {"start": "00:32:32", "end": "00:32:36", "text": "going to raise the dividend again? I"}, {"start": "00:32:34", "end": "00:32:39", "text": "mean, it's already, in my opinion,"}, {"start": "00:32:36", "end": "00:32:41", "text": "unsustainable at 11.5%. That seems"}, {"start": "00:32:39", "end": "00:32:43", "text": "unsustainable. So, this one I I, you"}, {"start": "00:32:41", "end": "00:32:45", "text": "know, I would not be trying to chase"}, {"start": "00:32:43", "end": "00:32:46", "text": "this and hope that it's going to go up"}, {"start": "00:32:45", "end": "00:32:49", "text": "to 100 and sell, you know, with your"}, {"start": "00:32:46", "end": "00:32:51", "text": "little 3% gain there. Check on Micro"}, {"start": "00:32:49", "end": "00:32:54", "text": "Strategy. Wow, this was green. Let's"}, {"start": "00:32:51", "end": "00:32:56", "text": "check on the daily candle. Oh, it's"}, {"start": "00:32:54", "end": "00:33:00", "text": "green, but barely. It is. It is a green"}, {"start": "00:32:56", "end": "00:33:01", "text": "daily candle as of now. Uh, let's zoom"}, {"start": "00:33:00", "end": "00:33:04", "text": "out."}, {"start": "00:33:01", "end": "00:33:05", "text": "Let's go to the weekly. I mean, it's"}, {"start": "00:33:04", "end": "00:33:08", "text": "coming close to the level where, you"}, {"start": "00:33:05", "end": "00:33:10", "text": "know, we might entertain a spot trade."}, {"start": "00:33:08", "end": "00:33:10", "text": ">> You'd entertain a strategy spot trade"}, {"start": "00:33:10", "end": "00:33:12", "text": "there."}, {"start": "00:33:10", "end": "00:33:14", "text": ">> Spot trade. Yeah. This is like I'm I'm"}, {"start": "00:33:12", "end": "00:33:17", "text": "famously bearish on it, but I expect the"}, {"start": "00:33:14", "end": "00:33:18", "text": "Micro Strategy blow hards to just pump"}, {"start": "00:33:17", "end": "00:33:20", "text": "this thing and give give me a little bit"}, {"start": "00:33:18", "end": "00:33:21", "text": "of a pump. Yeah. Plus, I do think"}, {"start": "00:33:20", "end": "00:33:25", "text": "Bitcoin might have a nice rally"}, {"start": "00:33:21", "end": "00:33:28", "text": "sometime. Yeah, it's, you know, this is"}, {"start": "00:33:25", "end": "00:33:33", "text": "uh I I know a lot of retail that were"}, {"start": "00:33:28", "end": "00:33:34", "text": "buying this thing at 400, 300. Uh they"}, {"start": "00:33:33", "end": "00:33:38", "text": "were the most excited at the all-time"}, {"start": "00:33:34", "end": "00:33:40", "text": "highs. So, you know, well, probably not"}, {"start": "00:33:38", "end": "00:33:41", "text": "because the all-time high for Bitcoin is"}, {"start": "00:33:40", "end": "00:33:42", "text": "this candle,"}, {"start": "00:33:41", "end": "00:33:43", "text": ">> right? But they were trying to put"}, {"start": "00:33:42", "end": "00:33:44", "text": "strategy alltime highs ahead of"}, {"start": "00:33:43", "end": "00:33:46", "text": "Bitcoin's high, right?"}, {"start": "00:33:44", "end": "00:33:46", "text": ">> Oh, yeah. Because Yeah. They they should"}, {"start": "00:33:46", "end": "00:33:48", "text": "have sold into"}, {"start": "00:33:46", "end": "00:33:51", "text": ">> hammering they were hammering into it,"}, {"start": "00:33:48", "end": "00:33:54", "text": "right? And there's there's just a uh a"}, {"start": "00:33:51", "end": "00:33:56", "text": "lot of overextended expectations and"}, {"start": "00:33:54", "end": "00:33:59", "text": "like you know it may sound bearish to"}, {"start": "00:33:56", "end": "00:34:01", "text": "only look for Bitcoin to pump to 200 or"}, {"start": "00:33:59", "end": "00:34:03", "text": "250K over the next few years but at"}, {"start": "00:34:01", "end": "00:34:06", "text": "these price levels I'm still getting a"}, {"start": "00:34:03", "end": "00:34:09", "text": "great return um if I'm buying it now in"}, {"start": "00:34:06", "end": "00:34:13", "text": "this season. I just I've never bought"}, {"start": "00:34:09", "end": "00:34:16", "text": "the strategy uh you know message. I"}, {"start": "00:34:13", "end": "00:34:18", "text": "guess I'm I came into crypto for"}, {"start": "00:34:16", "end": "00:34:22", "text": "sovereignty and it's just been hijacked"}, {"start": "00:34:18", "end": "00:34:24", "text": "by sucking the toe of banks and Wall"}, {"start": "00:34:22", "end": "00:34:26", "text": "Street as they have slight interest in"}, {"start": "00:34:24", "end": "00:34:28", "text": "our in our stuff. So, it's not really"}, {"start": "00:34:26", "end": "00:34:30", "text": "giving me the escape from the the"}, {"start": "00:34:28", "end": "00:34:32", "text": "current monetary system anymore. It"}, {"start": "00:34:30", "end": "00:34:33", "text": "really isn't. It's it's been hijacked by"}, {"start": "00:34:32", "end": "00:34:35", "text": "them and this is the price that would"}, {"start": "00:34:33", "end": "00:34:37", "text": "they pay for coming and playing in the"}, {"start": "00:34:35", "end": "00:34:38", "text": "pool. So, I'm here for it. I like the"}, {"start": "00:34:37", "end": "00:34:41", "text": "chaos."}, {"start": "00:34:38", "end": "00:34:44", "text": ">> Counterpoint. Maybe it'd be lower price"}, {"start": "00:34:41", "end": "00:34:47", "text": "if Micro Strategy never existed."}, {"start": "00:34:44", "end": "00:34:48", "text": ">> Uh"}, {"start": "00:34:47", "end": "00:34:49", "text": "maybe"}, {"start": "00:34:48", "end": "00:34:50", "text": ">> maybe we we don't know."}, {"start": "00:34:49", "end": "00:34:51", "text": ">> Just want to throw it out there. Just"}, {"start": "00:34:50", "end": "00:34:53", "text": "want to throw it out there. Let's uh we"}, {"start": "00:34:51", "end": "00:34:55", "text": "do have some bullishness out there. This"}, {"start": "00:34:53", "end": "00:34:58", "text": "happened yesterday. Lost in the sea of"}, {"start": "00:34:55", "end": "00:34:59", "text": "noise of the cascading candles. But I'm"}, {"start": "00:34:58", "end": "00:35:01", "text": "just going to play a brief section of"}, {"start": "00:34:59", "end": "00:35:03", "text": "this. This is Scott Bessant. You maybe"}, {"start": "00:35:01", "end": "00:35:04", "text": "saw the clip where he confronts a"}, {"start": "00:35:03", "end": "00:35:06", "text": "senator over the senator's son's"}, {"start": "00:35:04", "end": "00:35:08", "text": "business dealings. This isn't that clip."}, {"start": "00:35:06", "end": "00:35:10", "text": "This is the clip where he talks about"}, {"start": "00:35:08", "end": "00:35:10", "text": "the strategic bitcoin reserve. Here we"}, {"start": "00:35:10", "end": "00:35:14", "text": "go."}, {"start": "00:35:10", "end": "00:35:17", "text": ">> Uh the strategic bitcoin reserve is"}, {"start": "00:35:14", "end": "00:35:20", "text": "something uh this is new technology."}, {"start": "00:35:17", "end": "00:35:23", "text": "This is new ground. We are proceeding"}, {"start": "00:35:20", "end": "00:35:25", "text": "the with all deliberate speed and we are"}, {"start": "00:35:23", "end": "00:35:27", "text": "making sure that as we are doing this in"}, {"start": "00:35:25", "end": "00:35:30", "text": "this complicated process that we use"}, {"start": "00:35:27", "end": "00:35:33", "text": "best practices and things will be"}, {"start": "00:35:30", "end": "00:35:34", "text": "durable for the future. I look forward"}, {"start": "00:35:33", "end": "00:35:36", "text": "to working with you and your team on"}, {"start": "00:35:34", "end": "00:35:38", "text": "that. Absolutely. And I look forward to"}, {"start": "00:35:36", "end": "00:35:38", "text": "the Clarity Act being passed this"}, {"start": "00:35:38", "end": "00:35:40", "text": "summer."}, {"start": "00:35:38", "end": "00:35:42", "text": ">> There you go. I mean, they are still"}, {"start": "00:35:40", "end": "00:35:45", "text": "floating out the idea of the Strategic"}, {"start": "00:35:42", "end": "00:35:47", "text": "Bitcoin Reserve and older man, but such"}, {"start": "00:35:45", "end": "00:35:48", "text": "luscious lashes. I don't know if it was"}, {"start": "00:35:47", "end": "00:35:50", "text": "just the lighting there. All right,"}, {"start": "00:35:48", "end": "00:35:53", "text": "let's talk about some maybe some strong"}, {"start": "00:35:50", "end": "00:35:56", "text": "alts. Let's check in on this, Drew. I"}, {"start": "00:35:53", "end": "00:35:58", "text": "just saw this Canton passed Hyperlid on"}, {"start": "00:35:56", "end": "00:35:59", "text": "the 30-day revenue. Really?"}, {"start": "00:35:58", "end": "00:36:01", "text": ">> Still have Trron? Yeah, let's just"}, {"start": "00:35:59", "end": "00:36:03", "text": "check. Let's go here. Uh, this is it's I"}, {"start": "00:36:01", "end": "00:36:04", "text": "I have to have a little bit of a smaller"}, {"start": "00:36:03", "end": "00:36:07", "text": "font just to get this revenue on the"}, {"start": "00:36:04", "end": "00:36:10", "text": "right side here. Revenue 30-day. Not a"}, {"start": "00:36:07", "end": "00:36:11", "text": "surprise. USDT number one, USDC number"}, {"start": "00:36:10", "end": "00:36:12", "text": "two. Basically, always that."}, {"start": "00:36:11", "end": "00:36:15", "text": ">> That's wild though."}, {"start": "00:36:12", "end": "00:36:16", "text": ">> Canton though, $62 million in revenue"}, {"start": "00:36:15", "end": "00:36:19", "text": "over the last 30 days, beating"}, {"start": "00:36:16", "end": "00:36:21", "text": "Hyperlid's $54 million. Here's why I"}, {"start": "00:36:19", "end": "00:36:23", "text": "like Hyperlid more than Canton, though."}, {"start": "00:36:21", "end": "00:36:27", "text": "Hyperlid is then going to turn around,"}, {"start": "00:36:23", "end": "00:36:30", "text": "use $50 million of this, and buy Hype"}, {"start": "00:36:27", "end": "00:36:31", "text": "token and burn it forever. Canton has"}, {"start": "00:36:30", "end": "00:36:32", "text": "token unlocks."}, {"start": "00:36:31", "end": "00:36:34", "text": ">> They have token unlocks where they"}, {"start": "00:36:32", "end": "00:36:36", "text": "actively burn as the systems used and"}, {"start": "00:36:34", "end": "00:36:38", "text": "they're doing treasury repos. So the"}, {"start": "00:36:36", "end": "00:36:40", "text": "dollar amount in treasury repos is"}, {"start": "00:36:38", "end": "00:36:41", "text": "pretty strong and it helps."}, {"start": "00:36:40", "end": "00:36:45", "text": ">> I'll say this the staking rewards for"}, {"start": "00:36:41", "end": "00:36:48", "text": "Hyperlid smaller than what they burn. So"}, {"start": "00:36:45", "end": "00:36:50", "text": "what's the Canton rehypothecation"}, {"start": "00:36:48", "end": "00:36:52", "text": "numbers? You know, are they releasing"}, {"start": "00:36:50", "end": "00:36:55", "text": "more tokens than they're absorbing or is"}, {"start": "00:36:52", "end": "00:36:58", "text": "it vice versa? Well, the one thing that"}, {"start": "00:36:55", "end": "00:36:59", "text": "I and like I said, I'm trying to I'm I'm"}, {"start": "00:36:58", "end": "00:37:01", "text": "digging up a couple things to counter"}, {"start": "00:36:59", "end": "00:37:03", "text": "you here about Bitcoin and strategy and"}, {"start": "00:37:01", "end": "00:37:06", "text": "all that, but can"}, {"start": "00:37:03", "end": "00:37:06", "text": ">> we moved on"}, {"start": "00:37:08", "end": "00:37:10", "text": "Bitcoin? Accept it."}, {"start": "00:37:09", "end": "00:37:13", "text": ">> Yeah. I hate I hate the idea of Wall"}, {"start": "00:37:10", "end": "00:37:16", "text": "Street hijacking Bitcoin. But Canton,"}, {"start": "00:37:13", "end": "00:37:18", "text": "what they do is treasury repos and as"}, {"start": "00:37:16", "end": "00:37:20", "text": "that happens, that activity happens,"}, {"start": "00:37:18", "end": "00:37:22", "text": "they actively burn through the"}, {"start": "00:37:20", "end": "00:37:24", "text": "transaction. So I want"}, {"start": "00:37:22", "end": "00:37:27", "text": ">> Yeah, but so does XRP, but you got to do"}, {"start": "00:37:24", "end": "00:37:28", "text": "a 100,000 transactions to burn one XRP."}, {"start": "00:37:27", "end": "00:37:31", "text": "That's a real number."}, {"start": "00:37:28", "end": "00:37:33", "text": ">> Yeah. Yeah. And that that's where I I"}, {"start": "00:37:31", "end": "00:37:34", "text": "get like cuz I always want to look for,"}, {"start": "00:37:33", "end": "00:37:38", "text": "you know, something that's going to be"}, {"start": "00:37:34", "end": "00:37:41", "text": "able to be accepted um and used heavily"}, {"start": "00:37:38", "end": "00:37:43", "text": "like what's the next big play. Canton."}, {"start": "00:37:41", "end": "00:37:46", "text": "It struck me odd that they didn't care"}, {"start": "00:37:43", "end": "00:37:49", "text": "at all about marketing or advertising"}, {"start": "00:37:46", "end": "00:37:51", "text": "and they just absolutely rocketed up in"}, {"start": "00:37:49", "end": "00:37:52", "text": ">> You know what? We could do a quick very"}, {"start": "00:37:51", "end": "00:37:53", "text": "easy test."}, {"start": "00:37:52", "end": "00:37:55", "text": ">> Yeah, let's do it. Let's look at"}, {"start": "00:37:53", "end": "00:37:55", "text": ">> Let's just look at the price versus the"}, {"start": "00:37:55", "end": "00:37:56", "text": "market cap."}, {"start": "00:37:55", "end": "00:38:00", "text": ">> Yeah,"}, {"start": "00:37:56", "end": "00:38:02", "text": ">> hyperlquid price goes up. Market cap is"}, {"start": "00:38:00", "end": "00:38:04", "text": "going up less. That means that you're"}, {"start": "00:38:02", "end": "00:38:06", "text": "better off holding the token here. So,"}, {"start": "00:38:04", "end": "00:38:10", "text": "let's go to all. Okay, that's what it"}, {"start": "00:38:06", "end": "00:38:11", "text": "looks like with price."}, {"start": "00:38:10", "end": "00:38:12", "text": ">> I don't know, Drew. Looks like they're"}, {"start": "00:38:11", "end": "00:38:13", "text": "issuing more tokens than they're"}, {"start": "00:38:12", "end": "00:38:15", "text": "releasing."}, {"start": "00:38:13", "end": "00:38:17", "text": ">> It looks flat. It looks like the same"}, {"start": "00:38:15", "end": "00:38:19", "text": "chart. Looks very similar."}, {"start": "00:38:17", "end": "00:38:25", "text": ">> Let's see. Well, look at this dip right"}, {"start": "00:38:19", "end": "00:38:28", "text": "here. So, it was 4.47. It went to 5.7."}, {"start": "00:38:25", "end": "00:38:29", "text": "It was 11 cents. It went to 14 cents."}, {"start": "00:38:28", "end": "00:38:31", "text": "Yeah, I'd really have to bust out the"}, {"start": "00:38:29", "end": "00:38:32", "text": "calculator for this one. But I I'll say"}, {"start": "00:38:31", "end": "00:38:34", "text": "this. It's not as good as Hypes"}, {"start": "00:38:32", "end": "00:38:36", "text": "tokconomics. Uh well,"}, {"start": "00:38:34", "end": "00:38:38", "text": ">> the issuance and the burning."}, {"start": "00:38:36", "end": "00:38:41", "text": ">> I know hype stoconomics is good for"}, {"start": "00:38:38", "end": "00:38:42", "text": "sure. Um I'm pretty happy that Canton's"}, {"start": "00:38:41", "end": "00:38:45", "text": "holding up this well because this is the"}, {"start": "00:38:42", "end": "00:38:48", "text": "only one that I left behind in uh that"}, {"start": "00:38:45", "end": "00:38:51", "text": "big dip that we had. God, we were chain"}, {"start": "00:38:48", "end": "00:38:53", "text": "link was at like 1350 and I just sold"}, {"start": "00:38:51", "end": "00:38:55", "text": "everything except for Canton and that"}, {"start": "00:38:53", "end": "00:38:57", "text": "made me pretty happy that see it's"}, {"start": "00:38:55", "end": "00:38:59", "text": "holding up pretty good. So yeah, I I"}, {"start": "00:38:57", "end": "00:39:02", "text": "should probably do another deep dive on"}, {"start": "00:38:59", "end": "00:39:04", "text": "Canton, too, because it's been uh we we"}, {"start": "00:39:02", "end": "00:39:08", "text": "interviewed the founder and then we"}, {"start": "00:39:04", "end": "00:39:09", "text": "bought it at that nasty 8 cent dip. So,"}, {"start": "00:39:08", "end": "00:39:11", "text": "it's been something that I've been"}, {"start": "00:39:09", "end": "00:39:13", "text": "actually like, you know, holding on to."}, {"start": "00:39:11", "end": "00:39:14", "text": "I just I kind of forget that I hold on"}, {"start": "00:39:13", "end": "00:39:16", "text": "to it because I'm always watching"}, {"start": "00:39:14", "end": "00:39:18", "text": "Bitcoin. Where is this at? Let's check"}, {"start": "00:39:16", "end": "00:39:19", "text": "it on DeFi."}, {"start": "00:39:18", "end": "00:39:22", "text": "See what that's looking like."}, {"start": "00:39:19", "end": "00:39:23", "text": ">> Uh the revenue actually on the way down."}, {"start": "00:39:22", "end": "00:39:24", "text": ">> Sloping a little bit."}, {"start": "00:39:23", "end": "00:39:26", "text": ">> Sloping a little bit. Sloping a little"}, {"start": "00:39:24", "end": "00:39:29", "text": "bit. Uh, let's see here. What else could"}, {"start": "00:39:26", "end": "00:39:31", "text": "we look at? I guess"}, {"start": "00:39:29", "end": "00:39:34", "text": "really"}, {"start": "00:39:31", "end": "00:39:37", "text": "I really I want unlocks on here. PVL's"}, {"start": "00:39:34", "end": "00:39:38", "text": "going up though."}, {"start": "00:39:37", "end": "00:39:40", "text": "There you go. There you go. We got a"}, {"start": "00:39:38", "end": "00:39:42", "text": "positive metric right there. All right,"}, {"start": "00:39:40", "end": "00:39:43", "text": "let's another good news here. Nike. Now,"}, {"start": "00:39:42", "end": "00:39:47", "text": "I know no one cares about chain link,"}, {"start": "00:39:43", "end": "00:39:50", "text": "but Nike just submitted a uh extension"}, {"start": "00:39:47", "end": "00:39:52", "text": "of a patent. That patent names chain"}, {"start": "00:39:50", "end": "00:39:54", "text": "link, everybody. They got to do this"}, {"start": "00:39:52", "end": "00:39:55", "text": "every year. So, this is I I I did check"}, {"start": "00:39:54", "end": "00:39:57", "text": "this. this like actually new because"}, {"start": "00:39:55", "end": "00:39:59", "text": "sometimes people will run with old"}, {"start": "00:39:57", "end": "00:40:01", "text": "patent paperwork from six months ago and"}, {"start": "00:39:59", "end": "00:40:04", "text": "they'll act like it just happened here."}, {"start": "00:40:01", "end": "00:40:08", "text": "This is a this is a a brand new uh let's"}, {"start": "00:40:04", "end": "00:40:10", "text": "just say reissuance of this patent here"}, {"start": "00:40:08", "end": "00:40:11", "text": "and it does actually name link. It"}, {"start": "00:40:10", "end": "00:40:13", "text": "doesn't say chain link but it has their"}, {"start": "00:40:11", "end": "00:40:16", "text": "smart contract address. You actually got"}, {"start": "00:40:13", "end": "00:40:18", "text": "to like kind of dig and know the 0x is"}, {"start": "00:40:16", "end": "00:40:20", "text": "going to be the same as there. But Nike"}, {"start": "00:40:18", "end": "00:40:21", "text": "uses chain link"}, {"start": "00:40:20", "end": "00:40:24", "text": ">> and they keep doubling down on this"}, {"start": "00:40:21", "end": "00:40:26", "text": "thing. 2021 initial filing and they're"}, {"start": "00:40:24", "end": "00:40:28", "text": "still I guess the technical term is"}, {"start": "00:40:26", "end": "00:40:29", "text": "prosecuting it. Uh they do that every"}, {"start": "00:40:28", "end": "00:40:32", "text": "single year."}, {"start": "00:40:29", "end": "00:40:33", "text": ">> Yeah, Arca is always on the new updates"}, {"start": "00:40:32", "end": "00:40:35", "text": "for chain link because so I got to give"}, {"start": "00:40:33", "end": "00:40:37", "text": "him credit and I' he's been sending me"}, {"start": "00:40:35", "end": "00:40:40", "text": "these things but I've been just so out"}, {"start": "00:40:37", "end": "00:40:42", "text": "of the mindset of altcoins. I haven't"}, {"start": "00:40:40", "end": "00:40:43", "text": "really dug into what he's been uh"}, {"start": "00:40:42", "end": "00:40:44", "text": "running by me. But"}, {"start": "00:40:43", "end": "00:40:46", "text": ">> and from good news, let's kind of"}, {"start": "00:40:44", "end": "00:40:47", "text": "transition into bad news. I saw this I'm"}, {"start": "00:40:46", "end": "00:40:50", "text": "like oh my god this is good news. The"}, {"start": "00:40:47", "end": "00:40:52", "text": "seven seven siblings wallets. This is a"}, {"start": "00:40:50", "end": "00:40:55", "text": "giant exchange whale and they broke down"}, {"start": "00:40:52", "end": "00:40:57", "text": "a giant stash into seven sibling wallets"}, {"start": "00:40:55", "end": "00:40:59", "text": "and they're really on point with buying"}, {"start": "00:40:57", "end": "00:41:00", "text": "market bottoms and then you know"}, {"start": "00:40:59", "end": "00:41:02", "text": "selling. So I saw this they love buying"}, {"start": "00:41:00", "end": "00:41:05", "text": "the dip during market crashes. They're"}, {"start": "00:41:02", "end": "00:41:08", "text": "back again. They just borrowed 10 mil"}, {"start": "00:41:05", "end": "00:41:11", "text": "and they bought over 5,500 ETH and I"}, {"start": "00:41:08", "end": "00:41:13", "text": "went to the address Drew."}, {"start": "00:41:11", "end": "00:41:14", "text": "They started selling. I'm they started"}, {"start": "00:41:13", "end": "00:41:16", "text": "selling two hours ago."}, {"start": "00:41:14", "end": "00:41:18", "text": ">> What? Really?"}, {"start": "00:41:16", "end": "00:41:20", "text": ">> You can see the buys of ETH. Hey, you"}, {"start": "00:41:18", "end": "00:41:22", "text": "know, here's some ETH here. Here's some"}, {"start": "00:41:20", "end": "00:41:23", "text": "ETH here. And you can see they sold"}, {"start": "00:41:22", "end": "00:41:25", "text": "4,000 ETH."}, {"start": "00:41:23", "end": "00:41:27", "text": ">> Oh my god."}, {"start": "00:41:25", "end": "00:41:30", "text": ">> Painful. I can't even headline."}, {"start": "00:41:27", "end": "00:41:31", "text": ">> Acquire so much ETH. They're time"}, {"start": "00:41:30", "end": "00:41:34", "text": "weighted average price buying. So they"}, {"start": "00:41:31", "end": "00:41:36", "text": "call this a twop. You can see like small"}, {"start": "00:41:34", "end": "00:41:39", "text": "small purchase, small purchase, small"}, {"start": "00:41:36", "end": "00:41:41", "text": "purchase, small purchase, big mega dump"}, {"start": "00:41:39", "end": "00:41:43", "text": "all at once. Like what's going on? They"}, {"start": "00:41:41", "end": "00:41:44", "text": "they totally capitulated. Uh so that's a"}, {"start": "00:41:43", "end": "00:41:47", "text": "little unfortunate. Let's talk about"}, {"start": "00:41:44", "end": "00:41:50", "text": "Cardano founder Charles Hoskinson. This"}, {"start": "00:41:47", "end": "00:41:51", "text": "is Steo's favorite topic here. Cardano"}, {"start": "00:41:50", "end": "00:41:54", "text": "slumps under 20 cents. Now, we're going"}, {"start": "00:41:51", "end": "00:41:55", "text": "to check on yesterday's TA. He said he's"}, {"start": "00:41:54", "end": "00:41:57", "text": "taking a break. He said he's taking a"}, {"start": "00:41:55", "end": "00:42:00", "text": "break after warning of a coming wave of"}, {"start": "00:41:57", "end": "00:42:01", "text": "failures in the blockchain's ecosystem."}, {"start": "00:42:00", "end": "00:42:04", "text": "Price of ADA fell below 20 cents, first"}, {"start": "00:42:01", "end": "00:42:07", "text": "time in 5 years, down 70% over the past"}, {"start": "00:42:04", "end": "00:42:09", "text": "year, and it fell 10% after his remarks,"}, {"start": "00:42:07", "end": "00:42:10", "text": "but I would say mostly related to the"}, {"start": "00:42:09", "end": "00:42:12", "text": "Bitcoin crash. Now, his comments"}, {"start": "00:42:10", "end": "00:42:15", "text": "followed the shutdown of analytics"}, {"start": "00:42:12", "end": "00:42:17", "text": "platforms tap tools, which we covered,"}, {"start": "00:42:15", "end": "00:42:19", "text": "and amid community votes about using"}, {"start": "00:42:17", "end": "00:42:22", "text": "Treasury funds, including one where they"}, {"start": "00:42:19", "end": "00:42:25", "text": "refused to fund Cardano's 2026 summit in"}, {"start": "00:42:22", "end": "00:42:27", "text": "Singapore. In my opinion, that was a"}, {"start": "00:42:25", "end": "00:42:31", "text": "mistake. I know it's not great when a"}, {"start": "00:42:27", "end": "00:42:33", "text": "blockchain uses tokens to pay for stuff."}, {"start": "00:42:31", "end": "00:42:36", "text": "Chain link. Cough cough. No, they sell"}, {"start": "00:42:33", "end": "00:42:38", "text": "chain link to fund a giant Devcon or"}, {"start": "00:42:36", "end": "00:42:40", "text": "SmartCon."}, {"start": "00:42:38", "end": "00:42:42", "text": "In the end, I think it's actually a net"}, {"start": "00:42:40", "end": "00:42:44", "text": "positive. Let's check in on the ADA"}, {"start": "00:42:42", "end": "00:42:45", "text": "price. I don't know why they're showing"}, {"start": "00:42:44", "end": "00:42:46", "text": "Whoa. What's up with Gary Ve's face"}, {"start": "00:42:45", "end": "00:42:47", "text": "right now?"}, {"start": "00:42:46", "end": "00:42:50", "text": ">> Rough."}, {"start": "00:42:47", "end": "00:42:50", "text": ">> I just say he looks angry. Full of vitri"}, {"start": "00:42:50", "end": "00:42:51", "text": "all here."}, {"start": "00:42:50", "end": "00:42:53", "text": ">> Actually, I feel like I'm getting in a"}, {"start": "00:42:51", "end": "00:42:54", "text": "road rage incident looking."}, {"start": "00:42:53", "end": "00:42:55", "text": ">> I feel like someone said V friends are"}, {"start": "00:42:54", "end": "00:42:56", "text": "ugly."}, {"start": "00:42:55", "end": "00:42:59", "text": ">> Yeah, he's disgusted."}, {"start": "00:42:56", "end": "00:43:01", "text": ">> He went to a he went to a garage sale"}, {"start": "00:42:59", "end": "00:43:04", "text": "and there weren't any action figures for"}, {"start": "00:43:01", "end": "00:43:04", "text": "him to buy. He couldn't find one coffee"}, {"start": "00:43:04", "end": "00:43:05", "text": "cup."}, {"start": "00:43:04", "end": "00:43:07", "text": ">> Oh my god."}, {"start": "00:43:05", "end": "00:43:09", "text": ">> All right, let's see here. So ADA has"}, {"start": "00:43:07", "end": "00:43:11", "text": "never in its history been this oversold"}, {"start": "00:43:09", "end": "00:43:14", "text": "on the daily chart. I haven't verified"}, {"start": "00:43:11", "end": "00:43:16", "text": "this myself. Actually just just did it"}, {"start": "00:43:14", "end": "00:43:18", "text": "and I was going to start scrolling here"}, {"start": "00:43:16", "end": "00:43:20", "text": "actually. Wow. Actually looked like it"}, {"start": "00:43:18", "end": "00:43:22", "text": "has bounced a little bit. We'll keep it"}, {"start": "00:43:20", "end": "00:43:24", "text": "where it was earlier though. Has it"}, {"start": "00:43:22", "end": "00:43:27", "text": "literally never been this oversold? That"}, {"start": "00:43:24", "end": "00:43:30", "text": "seems a little dubious."}, {"start": "00:43:27", "end": "00:43:32", "text": "Holy crap. We're in 2023. So let's see"}, {"start": "00:43:30", "end": "00:43:36", "text": "the 22 bare market. It didn't go that"}, {"start": "00:43:32", "end": "00:43:38", "text": "low. Oh, wait. No, that's still 23. 22."}, {"start": "00:43:36", "end": "00:43:41", "text": "it. Whoa. This This might actually be"}, {"start": "00:43:38", "end": "00:43:44", "text": "accurate. We have never seen Oh wow. It"}, {"start": "00:43:41", "end": "00:43:46", "text": "came really really close. Co crash."}, {"start": "00:43:44", "end": "00:43:47", "text": "Didn't quite hit it though. Didn't quite"}, {"start": "00:43:46", "end": "00:43:50", "text": "hit it."}, {"start": "00:43:47", "end": "00:43:52", "text": ">> Vibes are down. Vibes are down."}, {"start": "00:43:50", "end": "00:43:54", "text": ">> Oh my god. Once again, it didn't hit it."}, {"start": "00:43:52", "end": "00:43:55", "text": "This is the the bare market bottom after"}, {"start": "00:43:54", "end": "00:43:56", "text": "the 2017 rally."}, {"start": "00:43:55", "end": "00:43:58", "text": ">> Yeah."}, {"start": "00:43:56", "end": "00:44:01", "text": ">> We have never seen Cardano that oversold"}, {"start": "00:43:58", "end": "00:44:03", "text": "in its history, everybody."}, {"start": "00:44:01", "end": "00:44:05", "text": ">> Where does it stop? Where is the pain?"}, {"start": "00:44:03", "end": "00:44:07", "text": ">> Well, let me let me do this. This is"}, {"start": "00:44:05", "end": "00:44:09", "text": "maybe more important. What happened the"}, {"start": "00:44:07", "end": "00:44:14", "text": "last couple times? It was close."}, {"start": "00:44:09", "end": "00:44:17", "text": "That was a bottom. Damn it. All right."}, {"start": "00:44:14", "end": "00:44:20", "text": "That was a bottom. Was it?"}, {"start": "00:44:17", "end": "00:44:24", "text": "Okay. Revisited it in March. Okay. But"}, {"start": "00:44:20", "end": "00:44:25", "text": "what did you have here?"}, {"start": "00:44:24", "end": "00:44:26", "text": ">> 4x."}, {"start": "00:44:25", "end": "00:44:26", "text": ">> I know. I know."}, {"start": "00:44:26", "end": "00:44:29", "text": ">> 4x."}, {"start": "00:44:26", "end": "00:44:31", "text": ">> And that's where like these alts that"}, {"start": "00:44:29", "end": "00:44:33", "text": "are beat down there. Some of them are so"}, {"start": "00:44:31", "end": "00:44:36", "text": "enticing because it's like you could get"}, {"start": "00:44:33", "end": "00:44:37", "text": "like a 300 400% gain off check in on the"}, {"start": "00:44:36", "end": "00:44:38", "text": "TA."}, {"start": "00:44:37", "end": "00:44:39", "text": ">> Yeah, let's look at"}, {"start": "00:44:38", "end": "00:44:40", "text": ">> remember the level I gave yesterday and"}, {"start": "00:44:39", "end": "00:44:42", "text": "remember what I said about 20 cents."}, {"start": "00:44:40", "end": "00:44:44", "text": "It's going to crash through 20 cents. We"}, {"start": "00:44:42", "end": "00:44:46", "text": "go back. We don't see anything. We don't"}, {"start": "00:44:44", "end": "00:44:49", "text": "see anything at 20 cents. It kind of"}, {"start": "00:44:46", "end": "00:44:52", "text": "maybe tried to retest it as resistance"}, {"start": "00:44:49", "end": "00:44:54", "text": "there, but look at our levels. I I"}, {"start": "00:44:52", "end": "00:44:55", "text": "identified a couple levels. We had to go"}, {"start": "00:44:54", "end": "00:44:56", "text": "back I'd have to go back to the daily or"}, {"start": "00:44:55", "end": "00:44:59", "text": "the 3-day. This is like going all the"}, {"start": "00:44:56", "end": "00:45:00", "text": "way back to 2018 price action or"}, {"start": "00:44:59", "end": "00:45:03", "text": "something."}, {"start": "00:45:00", "end": "00:45:05", "text": "And look at that. Look how it actually"}, {"start": "00:45:03", "end": "00:45:08", "text": "bounced at our level and then had a huge"}, {"start": "00:45:05", "end": "00:45:09", "text": "wick below. But I mean this it's"}, {"start": "00:45:08", "end": "00:45:12", "text": "actually paying attention to this uh"}, {"start": "00:45:09", "end": "00:45:14", "text": "19.1 uh cent range. That's nuts"}, {"start": "00:45:12", "end": "00:45:16", "text": "actually."}, {"start": "00:45:14", "end": "00:45:19", "text": ">> Think it'll bounce from here."}, {"start": "00:45:16", "end": "00:45:22", "text": ">> Okay. It did exceed it a little."}, {"start": "00:45:19", "end": "00:45:23", "text": ">> I still feel like 15 zens, man. Like I"}, {"start": "00:45:22", "end": "00:45:25", "text": "still feel 15."}, {"start": "00:45:23", "end": "00:45:27", "text": ">> All right. Let's let's just look real"}, {"start": "00:45:25", "end": "00:45:30", "text": "quick. Where did we see these? I mean,"}, {"start": "00:45:27", "end": "00:45:33", "text": "this is going way back, everybody."}, {"start": "00:45:30", "end": "00:45:34", "text": "Okay, that's where it slowed down right"}, {"start": "00:45:33", "end": "00:45:37", "text": "there. Oh, yeah, right there. Boom."}, {"start": "00:45:34", "end": "00:45:38", "text": "Little peak right there. So, not a lot"}, {"start": "00:45:37", "end": "00:45:40", "text": "of action around that area, but a little"}, {"start": "00:45:38", "end": "00:45:42", "text": "bit of action. And oh, yeah, look at"}, {"start": "00:45:40", "end": "00:45:44", "text": "that. That's a clean, clean rejection"}, {"start": "00:45:42", "end": "00:45:46", "text": "right there. Also, you have that key"}, {"start": "00:45:44", "end": "00:45:47", "text": "moment right there. Oh, and you have the"}, {"start": "00:45:46", "end": "00:45:49", "text": "wick. So, that's the levels that I'm"}, {"start": "00:45:47", "end": "00:45:50", "text": "looking at personally. Personally for"}, {"start": "00:45:49", "end": "00:45:50", "text": "Cardano."}, {"start": "00:45:50", "end": "00:45:53", "text": ">> Yeah."}, {"start": "00:45:50", "end": "00:45:54", "text": ">> Uh, do you see the Arthur Hayes drama?"}, {"start": "00:45:53", "end": "00:45:56", "text": ">> Yeah, we talked about it this morning."}, {"start": "00:45:54", "end": "00:45:58", "text": "And this is just like what the hell is"}, {"start": "00:45:56", "end": "00:46:00", "text": "this guy? This is"}, {"start": "00:45:58", "end": "00:46:03", "text": ">> you explain like I'm a little bit too"}, {"start": "00:46:00", "end": "00:46:05", "text": "pessimistic on it to be reasonable. But"}, {"start": "00:46:03", "end": "00:46:08", "text": ">> yeah, the lack of stable coin killing."}, {"start": "00:46:05", "end": "00:46:09", "text": "They have USDC X. No one wants that."}, {"start": "00:46:08", "end": "00:46:10", "text": ">> Cardano."}, {"start": "00:46:09", "end": "00:46:13", "text": ">> Yeah, that's that's what's harming ADA"}, {"start": "00:46:10", "end": "00:46:15", "text": "for. Uh ditching ADA for midnight. I'"}, {"start": "00:46:13", "end": "00:46:17", "text": "I'd be very surprised if that happens."}, {"start": "00:46:15", "end": "00:46:20", "text": "I'll take the over on or the under on"}, {"start": "00:46:17", "end": "00:46:22", "text": "that bet there. Uh let's see. Midnight"}, {"start": "00:46:20", "end": "00:46:25", "text": "flipping ADA. I don't I don't know about"}, {"start": "00:46:22", "end": "00:46:27", "text": "that one. You know, when ADA FUD is at"}, {"start": "00:46:25", "end": "00:46:29", "text": "its peak, that's when it does in crypto."}, {"start": "00:46:27", "end": "00:46:31", "text": "I call it, a lot of people call it the"}, {"start": "00:46:29", "end": "00:46:34", "text": "most hated rally."}, {"start": "00:46:31", "end": "00:46:36", "text": ">> Maybe XRP takes that t title,"}, {"start": "00:46:34", "end": "00:46:38", "text": ">> but it Cardano or XRP have that title at"}, {"start": "00:46:36", "end": "00:46:40", "text": "least since Hex in 2021."}, {"start": "00:46:38", "end": "00:46:41", "text": ">> Salana, too. Salana."}, {"start": "00:46:40", "end": "00:46:44", "text": ">> No, that's not a hated rally, though."}, {"start": "00:46:41", "end": "00:46:45", "text": ">> The $8 to 300 was a hated rally. That"}, {"start": "00:46:44", "end": "00:46:46", "text": "was"}, {"start": "00:46:45", "end": "00:46:48", "text": ">> the Trump top was. I'll give you that."}, {"start": "00:46:46", "end": "00:46:50", "text": "I'll give you that. The Memecoin casino."}, {"start": "00:46:48", "end": "00:46:52", "text": "All right. Arthur Hayes. I dumped my"}, {"start": "00:46:50", "end": "00:46:54", "text": "entire hype and near position. I'll"}, {"start": "00:46:52", "end": "00:46:56", "text": "explain why my reality test dropping"}, {"start": "00:46:54", "end": "00:46:58", "text": "next Tuesday. That's essentially his his"}, {"start": "00:46:56", "end": "00:46:59", "text": "email newsletter. I do recommend you"}, {"start": "00:46:58", "end": "00:47:01", "text": "read it. It's it's a little dense, but"}, {"start": "00:46:59", "end": "00:47:03", "text": "it's pretty good. Higher energy. So, why"}, {"start": "00:47:01", "end": "00:47:07", "text": "is he dumping higher energy prices due"}, {"start": "00:47:03", "end": "00:47:10", "text": "to the Iranian war inventory restocking?"}, {"start": "00:47:07", "end": "00:47:13", "text": "Three mega AI IPOs between now and early"}, {"start": "00:47:10", "end": "00:47:15", "text": "Q3. Prediction that Trump goes anti- AI"}, {"start": "00:47:13", "end": "00:47:17", "text": "to win the midterms for Republicans."}, {"start": "00:47:15", "end": "00:47:21", "text": "Now, that's an interesting prediction."}, {"start": "00:47:17", "end": "00:47:22", "text": "Will Trump go anti- AI? Basically, more"}, {"start": "00:47:21", "end": "00:47:26", "text": "succinctly, I think that would represent"}, {"start": "00:47:22", "end": "00:47:27", "text": "itself as Trump being anti-data centers."}, {"start": "00:47:26", "end": "00:47:29", "text": "Data centers don't aren't going to ruin"}, {"start": "00:47:27", "end": "00:47:31", "text": "your town. Something like that."}, {"start": "00:47:29", "end": "00:47:32", "text": ">> He can go that direction. He's got to"}, {"start": "00:47:31", "end": "00:47:34", "text": "grow his way out. That's where all the"}, {"start": "00:47:32", "end": "00:47:35", "text": "growth is, data centers."}, {"start": "00:47:34", "end": "00:47:37", "text": ">> That's I would I would disagree with"}, {"start": "00:47:35", "end": "00:47:39", "text": "that prediction as well."}, {"start": "00:47:37", "end": "00:47:41", "text": ">> You see, you disagree what? So,"}, {"start": "00:47:39", "end": "00:47:43", "text": ">> I I agree with you. Like I I don't see"}, {"start": "00:47:41", "end": "00:47:44", "text": "Trump just going anti- AI all of a"}, {"start": "00:47:43", "end": "00:47:46", "text": "sudden."}, {"start": "00:47:44", "end": "00:47:47", "text": ">> Yeah. No, he's he's in his bed."}, {"start": "00:47:46", "end": "00:47:49", "text": ">> He needs Palanteer to help him win."}, {"start": "00:47:47", "end": "00:47:51", "text": "Anyways, I think high uh I think highs"}, {"start": "00:47:49", "end": "00:47:53", "text": "and markets will happen between now and"}, {"start": "00:47:51", "end": "00:47:54", "text": "September. Time to take profit twostep"}, {"start": "00:47:53", "end": "00:47:57", "text": "and Viva without worrying about my"}, {"start": "00:47:54", "end": "00:48:00", "text": "positions. And someone said this, this"}, {"start": "00:47:57", "end": "00:48:00", "text": "was four days ago, by the way. Hype to"}, {"start": "00:48:00", "end": "00:48:01", "text": "150."}, {"start": "00:48:00", "end": "00:48:03", "text": ">> Nice. Nice."}, {"start": "00:48:01", "end": "00:48:03", "text": ">> Got to love it. Gotta love it right"}, {"start": "00:48:03", "end": "00:48:04", "text": "there."}, {"start": "00:48:03", "end": "00:48:06", "text": ">> Thanks. Thanks, Arthur."}, {"start": "00:48:04", "end": "00:48:09", "text": ">> Uh Hype, we talked about this early."}, {"start": "00:48:06", "end": "00:48:11", "text": "Hype did flip Salana token price only."}, {"start": "00:48:09", "end": "00:48:13", "text": "We're not talking market caps. Uh but we"}, {"start": "00:48:11", "end": "00:48:17", "text": "did check and you know, it has since"}, {"start": "00:48:13", "end": "00:48:18", "text": "returned. Uh, hype came pretty close"}, {"start": "00:48:17", "end": "00:48:21", "text": "to Oh, that's that's the wrong that's a"}, {"start": "00:48:18", "end": "00:48:24", "text": "log chart uh that I just keep on there."}, {"start": "00:48:21", "end": "00:48:25", "text": "But does"}, {"start": "00:48:24", "end": "00:48:28", "text": "almost see a little bit of a trend line"}, {"start": "00:48:25", "end": "00:48:28", "text": "here."}, {"start": "00:48:29", "end": "00:48:36", "text": "Huh. Yeah, I like I actually kind of"}, {"start": "00:48:32", "end": "00:48:37", "text": "maybe like this as support."}, {"start": "00:48:36", "end": "00:48:39", "text": ">> Uh 60 bucks for hype you think of as"}, {"start": "00:48:37", "end": "00:48:41", "text": "support? I mean"}, {"start": "00:48:39", "end": "00:48:43", "text": ">> Well, no. Just I mean just a little bit"}, {"start": "00:48:41", "end": "00:48:44", "text": "of a trend line. I mean, you see a"}, {"start": "00:48:43", "end": "00:48:45", "text": "little bit better on the 4 hour."}, {"start": "00:48:44", "end": "00:48:46", "text": ">> Yeah."}, {"start": "00:48:45", "end": "00:48:49", "text": ">> He rejects, rejects, then acted as"}, {"start": "00:48:46", "end": "00:48:49", "text": "support. Acted as support as a second"}, {"start": "00:48:49", "end": "00:48:51", "text": "time."}, {"start": "00:48:49", "end": "00:48:53", "text": ">> Still got good metrics, too. I mean,"}, {"start": "00:48:51", "end": "00:48:54", "text": ">> 4 hour RSI looks like doodoo."}, {"start": "00:48:53", "end": "00:48:57", "text": ">> Yeah, but if people are looking at all"}, {"start": "00:48:54", "end": "00:48:58", "text": "the altcoins compared to hype, man,"}, {"start": "00:48:57", "end": "00:48:59", "text": "that's a that's an enticing chart"}, {"start": "00:48:58", "end": "00:49:00", "text": "compared to"}, {"start": "00:48:59", "end": "00:49:03", "text": ">> We don't even have bull divs on the 1"}, {"start": "00:49:00", "end": "00:49:06", "text": "hour. We do have it on the 30 minute"}, {"start": "00:49:03", "end": "00:49:08", "text": "though. What about the 45"}, {"start": "00:49:06", "end": "00:49:10", "text": "hidden? Yeah, I I would make an argument"}, {"start": "00:49:08", "end": "00:49:12", "text": "that's close to close enough to hidden"}, {"start": "00:49:10", "end": "00:49:13", "text": "bullish divergence. Hidden bullish"}, {"start": "00:49:12", "end": "00:49:15", "text": "divergence is different than bullish"}, {"start": "00:49:13", "end": "00:49:18", "text": "divergence. Hidden would mean these are"}, {"start": "00:49:15", "end": "00:49:21", "text": "roughly equal as the price goes lower."}, {"start": "00:49:18", "end": "00:49:23", "text": "Uh but it is slightly lower technically."}, {"start": "00:49:21", "end": "00:49:26", "text": "So not even hidden tech if you really"}, {"start": "00:49:23", "end": "00:49:29", "text": "want to be uh very specific about it. Uh"}, {"start": "00:49:26", "end": "00:49:31", "text": "we'll see. We'll see hype. I mean yeah"}, {"start": "00:49:29", "end": "00:49:34", "text": "should I have taken profit you know 75"}, {"start": "00:49:31", "end": "00:49:35", "text": "bucks? Probably. But I I was actually"}, {"start": "00:49:34", "end": "00:49:39", "text": "thinking we're going to get a little bit"}, {"start": "00:49:35", "end": "00:49:41", "text": "closer to 80. I was thinking like 77"}, {"start": "00:49:39", "end": "00:49:43", "text": "and we didn't quite get there. Yeah."}, {"start": "00:49:41", "end": "00:49:45", "text": "Well, I mean, you're still in pretty"}, {"start": "00:49:43", "end": "00:49:46", "text": "heavy profits because you did a lot of"}, {"start": "00:49:45", "end": "00:49:48", "text": "your layering in at uh"}, {"start": "00:49:46", "end": "00:49:49", "text": ">> I haven't checked my average buy price,"}, {"start": "00:49:48", "end": "00:49:50", "text": "but I know it's in the 30s."}, {"start": "00:49:49", "end": "00:49:52", "text": ">> In the 30s."}, {"start": "00:49:50", "end": "00:49:52", "text": ">> There's no way it's in the 40s cuz I had"}, {"start": "00:49:52", "end": "00:49:54", "text": "enough in the 20s."}, {"start": "00:49:52", "end": "00:49:56", "text": ">> Even with this latest dip, you're still"}, {"start": "00:49:54", "end": "00:49:57", "text": "at a smooth 2x. You know, there ain't"}, {"start": "00:49:56", "end": "00:50:00", "text": "nothing wrong with that."}, {"start": "00:49:57", "end": "00:50:02", "text": ">> Look at Salana real quick. Salana, we"}, {"start": "00:50:00", "end": "00:50:06", "text": "gave a couple levels here. Oh, remember"}, {"start": "00:50:02", "end": "00:50:09", "text": "me saying the 78 to 68. Look at that,"}, {"start": "00:50:06", "end": "00:50:11", "text": "Drew. We hit"}, {"start": "00:50:09", "end": "00:50:14", "text": ">> hot dog right there, buddy."}, {"start": "00:50:11", "end": "00:50:16", "text": ">> We went to 66 bucks on it. All right."}, {"start": "00:50:14", "end": "00:50:18", "text": "Yeah, I like this."}, {"start": "00:50:16", "end": "00:50:21", "text": ">> And this level I gave hours before the"}, {"start": "00:50:18", "end": "00:50:22", "text": "upload. And so, you know, I I was"}, {"start": "00:50:21", "end": "00:50:23", "text": "charting this"}, {"start": "00:50:22", "end": "00:50:26", "text": ">> uh the video did go out a little bit"}, {"start": "00:50:23", "end": "00:50:28", "text": "late, like 9:10 p.m. This is the 10 p.m."}, {"start": "00:50:26", "end": "00:50:30", "text": "candle right there. I was doing the TA,"}, {"start": "00:50:28", "end": "00:50:32", "text": "like I was filming it closer to 4 p.m.,"}, {"start": "00:50:30", "end": "00:50:35", "text": "which is going to be 1600 hours. So, I"}, {"start": "00:50:32", "end": "00:50:37", "text": "was actually filming it here. Gave you"}, {"start": "00:50:35", "end": "00:50:40", "text": "this level. And I also gave a second"}, {"start": "00:50:37", "end": "00:50:41", "text": "level and well those played out. But"}, {"start": "00:50:40", "end": "00:50:42", "text": "man, I didn't get a trade in Drew. That"}, {"start": "00:50:41", "end": "00:50:45", "text": "that happened at midnight."}, {"start": "00:50:42", "end": "00:50:47", "text": ">> I was passed out on the couch. I missed"}, {"start": "00:50:45", "end": "00:50:49", "text": "uh the text messages all the you know"}, {"start": "00:50:47", "end": "00:50:51", "text": "when we were capitulating down last"}, {"start": "00:50:49", "end": "00:50:53", "text": "night. I was kind of sad. I I got my mom"}, {"start": "00:50:51", "end": "00:50:53", "text": "in town and like just taking a nap on"}, {"start": "00:50:53", "end": "00:50:55", "text": "the couch."}, {"start": "00:50:53", "end": "00:50:56", "text": ">> Yeah. You know what? You help me, you"}, {"start": "00:50:55", "end": "00:50:57", "text": "know, with my flat tire as well."}, {"start": "00:50:56", "end": "00:51:00", "text": ">> I was tired."}, {"start": "00:50:57", "end": "00:51:01", "text": ">> I lifted the car by myself. I grabbed"}, {"start": "00:51:00", "end": "00:51:03", "text": "that bumper."}, {"start": "00:51:01", "end": "00:51:06", "text": ">> I WENT"}, {"start": "00:51:03", "end": "00:51:07", "text": "I FILMED IT. bulging and then Drew, you"}, {"start": "00:51:06", "end": "00:51:09", "text": "know, he popped it off."}, {"start": "00:51:07", "end": "00:51:10", "text": ">> Yeah, I filmed it, but I lost the file."}, {"start": "00:51:09", "end": "00:51:11", "text": "So, sorry about that."}, {"start": "00:51:10", "end": "00:51:13", "text": ">> Dang it. Dang it. Yeah, it was in the"}, {"start": "00:51:11", "end": "00:51:14", "text": "cloud and then I think Palunteer deleted"}, {"start": "00:51:13", "end": "00:51:15", "text": "it."}, {"start": "00:51:14", "end": "00:51:17", "text": ">> All right, let's talk about ETH. We"}, {"start": "00:51:15", "end": "00:51:21", "text": "haven't talked about ETH yet, everybody."}, {"start": "00:51:17", "end": "00:51:23", "text": "So, bad news out the gate. Bit mine aka"}, {"start": "00:51:21", "end": "00:51:26", "text": "Tom Lee wants to copy the stretch"}, {"start": "00:51:23", "end": "00:51:28", "text": "perpetual Micro Strategies infinite"}, {"start": "00:51:26", "end": "00:51:30", "text": "flywheel. You know what? I heard the"}, {"start": "00:51:28", "end": "00:51:34", "text": "other name for the flywheel."}, {"start": "00:51:30", "end": "00:51:37", "text": "No, it's a it's a death spiral."}, {"start": "00:51:34", "end": "00:51:38", "text": "Not a fly wheel, a death spiral."}, {"start": "00:51:37", "end": "00:51:39", "text": ">> I mean, I do"}, {"start": "00:51:38", "end": "00:51:41", "text": ">> I was like, damn it, you're right."}, {"start": "00:51:39", "end": "00:51:43", "text": ">> I look at the situation maybe a little"}, {"start": "00:51:41", "end": "00:51:46", "text": "bit too simple, but it's like if you"}, {"start": "00:51:43", "end": "00:51:47", "text": "have what is STRC's yield? Is it 12%."}, {"start": "00:51:46", "end": "00:51:50", "text": ">> It's 11.5."}, {"start": "00:51:47", "end": "00:51:53", "text": ">> Okay, so 11.5. I remember ankor yield"}, {"start": "00:51:50", "end": "00:51:56", "text": "went up to 20%. Then uh I look at"}, {"start": "00:51:53", "end": "00:51:58", "text": "Bitcoin selling a little bit of Bitcoin"}, {"start": "00:51:56", "end": "00:52:01", "text": "for uh or strategy selling a little bit"}, {"start": "00:51:58", "end": "00:52:05", "text": "of Bitcoin for paying the yield and saw"}, {"start": "00:52:01", "end": "00:52:07", "text": "the same thing with Luna selling US uh T"}, {"start": "00:52:05", "end": "00:52:09", "text": "pay the yield. You know, it just makes"}, {"start": "00:52:07", "end": "00:52:10", "text": "me feel a little bit uncomfortable to"}, {"start": "00:52:09", "end": "00:52:12", "text": "see these types of things."}, {"start": "00:52:10", "end": "00:52:13", "text": ">> To me, it's all about the dividend"}, {"start": "00:52:12", "end": "00:52:13", "text": "obligations."}, {"start": "00:52:13", "end": "00:52:16", "text": ">> Yeah,"}, {"start": "00:52:13", "end": "00:52:17", "text": ">> that to me is like 90% of my issue is"}, {"start": "00:52:16", "end": "00:52:19", "text": "the dividend obligations is it's like"}, {"start": "00:52:17", "end": "00:52:20", "text": "people don't do the math. They're like,"}, {"start": "00:52:19", "end": "00:52:23", "text": "\"Hey, they only got to pay out, this is"}, {"start": "00:52:20", "end": "00:52:26", "text": "roughly a real number. They only have to"}, {"start": "00:52:23", "end": "00:52:27", "text": "pay out like 150 million every month.\""}, {"start": "00:52:26", "end": "00:52:31", "text": "Think about that for a second. Strategy"}, {"start": "00:52:27", "end": "00:52:34", "text": "has to come up with $150 million every"}, {"start": "00:52:31", "end": "00:52:35", "text": "month to pay that dividend yield"}, {"start": "00:52:34", "end": "00:52:36", "text": ">> and then they'll sell more and but"}, {"start": "00:52:35", "end": "00:52:38", "text": "they'll do the math. They're like,"}, {"start": "00:52:36", "end": "00:52:40", "text": "\"Yeah, and he sells more. He can buy"}, {"start": "00:52:38", "end": "00:52:41", "text": "more Bitcoin.\" And then they'll do all"}, {"start": "00:52:40", "end": "00:52:43", "text": "this math, but they'll keep the dividend"}, {"start": "00:52:41", "end": "00:52:46", "text": "obligations the same. Like, no, idiot."}, {"start": "00:52:43", "end": "00:52:49", "text": "has to go from 150 million to 200"}, {"start": "00:52:46", "end": "00:52:51", "text": "million to 250 million. That monthly"}, {"start": "00:52:49", "end": "00:52:52", "text": "obligation goes up"}, {"start": "00:52:51", "end": "00:52:54", "text": ">> forever, a little uncomfortable"}, {"start": "00:52:52", "end": "00:52:56", "text": ">> until they just rug it. Uh now"}, {"start": "00:52:54", "end": "00:52:58", "text": "technically it is a yield on the dollar"}, {"start": "00:52:56", "end": "00:53:01", "text": "amount of stretch. So they don't pay"}, {"start": "00:52:58", "end": "00:53:04", "text": "like as it's worth 100, they pay what"}, {"start": "00:53:01", "end": "00:53:05", "text": "it's worth at the snapshot. So maybe it"}, {"start": "00:53:04", "end": "00:53:07", "text": "can survive the death spiral there. But"}, {"start": "00:53:05", "end": "00:53:10", "text": "Bitmine wants to do the same thing with"}, {"start": "00:53:07", "end": "00:53:12", "text": "a 9.5% yield. Stretches is 11.5. And"}, {"start": "00:53:10", "end": "00:53:15", "text": "they want to raise 300 million. That's"}, {"start": "00:53:12", "end": "00:53:16", "text": "how it always starts. And then it's 600"}, {"start": "00:53:15", "end": "00:53:18", "text": "million, then it's 900 million. They get"}, {"start": "00:53:16", "end": "00:53:20", "text": "a little greedy. Firms following in the"}, {"start": "00:53:18", "end": "00:53:21", "text": "steps of Michael Sailor's strategy to"}, {"start": "00:53:20", "end": "00:53:23", "text": "tap new sources for funding digital"}, {"start": "00:53:21", "end": "00:53:25", "text": "asset treasuries. Now, it's going to be"}, {"start": "00:53:23", "end": "00:53:27", "text": "3 million of these shares at $100 a"}, {"start": "00:53:25", "end": "00:53:29", "text": "piece. That's the 300 million. And it"}, {"start": "00:53:27", "end": "00:53:31", "text": "looks like the dividends might be paid"}, {"start": "00:53:29", "end": "00:53:33", "text": "weekly in cash if declared by the"}, {"start": "00:53:31", "end": "00:53:35", "text": "company's board. So, you might get a"}, {"start": "00:53:33", "end": "00:53:37", "text": "weekly payout. And they're most amongst"}, {"start": "00:53:35", "end": "00:53:41", "text": "the most aggressive buyers. They've"}, {"start": "00:53:37", "end": "00:53:43", "text": "accumulated over 5 million ETH worth now"}, {"start": "00:53:41", "end": "00:53:46", "text": "10 billion. They have $4.5% of the"}, {"start": "00:53:43", "end": "00:53:49", "text": "supply, but it is now sitting on an"}, {"start": "00:53:46", "end": "00:53:53", "text": "estimated $9 billion in unrealized"}, {"start": "00:53:49", "end": "00:53:55", "text": "losses. A major major unrealized loss."}, {"start": "00:53:53", "end": "00:53:58", "text": "Uh yeah, here we have Liberty and Trust"}, {"start": "00:53:55", "end": "00:54:01", "text": "pointed out right there. Huge huge loss"}, {"start": "00:53:58", "end": "00:54:04", "text": "on those ETH holdings as ETH fell below"}, {"start": "00:54:01", "end": "00:54:06", "text": "1,800 from near $5,000 in October. So,"}, {"start": "00:54:04", "end": "00:54:09", "text": "they're buying the top. They're top"}, {"start": "00:54:06", "end": "00:54:11", "text": "blasting. Buying a whole bunch at 3500"}, {"start": "00:54:09", "end": "00:54:12", "text": "like, \"Oh, it's down a,000 bucks. Let's"}, {"start": "00:54:11", "end": "00:54:14", "text": "just load up a whole bunch more. And"}, {"start": "00:54:12", "end": "00:54:15", "text": "then it got cut in half."}, {"start": "00:54:14", "end": "00:54:17", "text": ">> Nice."}, {"start": "00:54:15", "end": "00:54:20", "text": ">> It is hard to find his average buy, but"}, {"start": "00:54:17", "end": "00:54:22", "text": "it's estimated like 33 3500 per ETH."}, {"start": "00:54:20", "end": "00:54:23", "text": ">> He did do this really quickly. So, I"}, {"start": "00:54:22", "end": "00:54:25", "text": "mean, at least he's got that going for"}, {"start": "00:54:23", "end": "00:54:28", "text": "him. You know, he's very quick to the uh"}, {"start": "00:54:25", "end": "00:54:30", "text": "to the losses of 9 plus billion dollars."}, {"start": "00:54:28", "end": "00:54:32", "text": "So, that's got to be something that's,"}, {"start": "00:54:30", "end": "00:54:33", "text": "you know, going to be on the back of"}, {"start": "00:54:32", "end": "00:54:35", "text": "people's minds in Wall Street when"}, {"start": "00:54:33", "end": "00:54:35", "text": "they're thinking about these altcoin"}, {"start": "00:54:35", "end": "00:54:37", "text": "ETFs. But,"}, {"start": "00:54:35", "end": "00:54:40", "text": ">> great to hear something bullish on ETHO."}, {"start": "00:54:37", "end": "00:54:42", "text": "So, while Sailor is test selling Bitcoin"}, {"start": "00:54:40", "end": "00:54:44", "text": "and Charles is delivering eulogies for"}, {"start": "00:54:42", "end": "00:54:46", "text": "Cardano, Salana's validator count"}, {"start": "00:54:44", "end": "00:54:49", "text": "continues to decline and the memecoin"}, {"start": "00:54:46", "end": "00:54:51", "text": "casino is over and Bitcoin miners are"}, {"start": "00:54:49", "end": "00:54:53", "text": "entering existential panic mode while"}, {"start": "00:54:51", "end": "00:54:55", "text": "everyone's freaking out about the price."}, {"start": "00:54:53", "end": "00:54:57", "text": "The ETH supply staked just hit a new"}, {"start": "00:54:55", "end": "00:54:59", "text": "all-time high."}, {"start": "00:54:57", "end": "00:55:00", "text": ">> So, leaning into it, huh?"}, {"start": "00:54:59", "end": "00:55:03", "text": ">> Leaning into it. Let's look at the ETH"}, {"start": "00:55:00", "end": "00:55:04", "text": "chart. Let me hit refresh. I did see a"}, {"start": "00:55:03", "end": "00:55:06", "text": "nice little trend line forming on the 1"}, {"start": "00:55:04", "end": "00:55:08", "text": "hour chart."}, {"start": "00:55:06", "end": "00:55:10", "text": "And yeah, right there. Look at this."}, {"start": "00:55:08", "end": "00:55:14", "text": "This is going all the way back to June"}, {"start": "00:55:10", "end": "00:55:16", "text": "1st. Right now, June 4. So, looking at"}, {"start": "00:55:14", "end": "00:55:18", "text": "what are we looking at here?"}, {"start": "00:55:16", "end": "00:55:21", "text": "Close to 72 hours."}, {"start": "00:55:18", "end": "00:55:24", "text": "78 78 hours. And if you're running it"}, {"start": "00:55:21", "end": "00:55:25", "text": "out to today, 83 hours. So, we've been"}, {"start": "00:55:24", "end": "00:55:28", "text": "on this range for a little over three"}, {"start": "00:55:25", "end": "00:55:30", "text": "days. And so, I would be keeping an eye"}, {"start": "00:55:28", "end": "00:55:33", "text": "out on this if we see Bitcoin roll over."}, {"start": "00:55:30", "end": "00:55:35", "text": "I don't hate a ETH long uh if we come"}, {"start": "00:55:33", "end": "00:55:36", "text": "and revisit this level with maybe a"}, {"start": "00:55:35", "end": "00:55:38", "text": "little dry powder to go if it wicks down"}, {"start": "00:55:36", "end": "00:55:40", "text": "below. But I would watch those small"}, {"start": "00:55:38", "end": "00:55:42", "text": "time frames. See if we got some bullish"}, {"start": "00:55:40", "end": "00:55:44", "text": "divergences. ETH has a high probability"}, {"start": "00:55:42", "end": "00:55:47", "text": "according to Crank to hit the threedigit"}, {"start": "00:55:44", "end": "00:55:50", "text": "number. How about this chat? Yes or no."}, {"start": "00:55:47", "end": "00:55:53", "text": "Will ETH go below a th00and? Yes, if it"}, {"start": "00:55:50", "end": "00:55:55", "text": "will go below a,000. No if it won't go"}, {"start": "00:55:53", "end": "00:55:56", "text": "below a,000. What are you typing in"}, {"start": "00:55:55", "end": "00:55:59", "text": "Drew?"}, {"start": "00:55:56", "end": "00:56:03", "text": ">> I'm I'm looking for like 1500. I think"}, {"start": "00:55:59", "end": "00:56:05", "text": "1500 is I I said that yesterday and for"}, {"start": "00:56:03", "end": "00:56:06", "text": ">> I'm leaning. Yeah, it won't. I don't"}, {"start": "00:56:05", "end": "00:56:09", "text": "think it does go below a thousand just"}, {"start": "00:56:06", "end": "00:56:11", "text": "because that ETH staking queue showing"}, {"start": "00:56:09", "end": "00:56:12", "text": "me that it isn't similar to what we're"}, {"start": "00:56:11", "end": "00:56:14", "text": "seeing with Wall Street. Wall Street is"}, {"start": "00:56:12", "end": "00:56:16", "text": "dumping the hell out of Bitcoin, but the"}, {"start": "00:56:14", "end": "00:56:18", "text": "ETH redemptions are much smaller and"}, {"start": "00:56:16", "end": "00:56:20", "text": "we're seeing the validator queue just,"}, {"start": "00:56:18", "end": "00:56:21", "text": "you know, at alltime high."}, {"start": "00:56:20", "end": "00:56:23", "text": ">> I'm feeling like we're closer to the"}, {"start": "00:56:21", "end": "00:56:26", "text": "bottom than we think. I think Alden said"}, {"start": "00:56:23", "end": "00:56:28", "text": "it too, you know. So, 1500 is where I'm"}, {"start": "00:56:26", "end": "00:56:29", "text": "actually. No, no one's thinking ETH's"}, {"start": "00:56:28", "end": "00:56:29", "text": "going below a,000."}, {"start": "00:56:29", "end": "00:56:31", "text": ">> No."}, {"start": "00:56:29", "end": "00:56:33", "text": ">> Uh Crank is going to be dancing on all"}, {"start": "00:56:31", "end": "00:56:37", "text": "of our graves if he's if he's correct"}, {"start": "00:56:33", "end": "00:56:38", "text": "here. I dump my soul for hype. $20,000"}, {"start": "00:56:37", "end": "00:56:41", "text": "worth."}, {"start": "00:56:38", "end": "00:56:43", "text": "$20,000 question here."}, {"start": "00:56:41", "end": "00:56:45", "text": "Let's see. I mean, I don't want you to"}, {"start": "00:56:43", "end": "00:56:48", "text": "top blast hype when Salana is like"}, {"start": "00:56:45", "end": "00:56:48", "text": "oversold."}, {"start": "00:56:50", "end": "00:56:54", "text": "I mean, I don't want to dump Salana when"}, {"start": "00:56:52", "end": "00:56:57", "text": "we're really really close to this pretty"}, {"start": "00:56:54", "end": "00:56:59", "text": "strong support. And I do think Hype is"}, {"start": "00:56:57", "end": "00:57:01", "text": "going to have a decent correction. I"}, {"start": "00:56:59", "end": "00:57:03", "text": "wouldn't be surprised if Hype actually"}, {"start": "00:57:01", "end": "00:57:05", "text": "revisits 20K. Here's what I would do. Do"}, {"start": "00:57:03", "end": "00:57:07", "text": "what I told the guy who was asking the"}, {"start": "00:57:05", "end": "00:57:09", "text": "same question about ADA a couple weeks"}, {"start": "00:57:07", "end": "00:57:10", "text": "back. Do 10% today,"}, {"start": "00:57:09", "end": "00:57:12", "text": ">> just a touch."}, {"start": "00:57:10", "end": "00:57:14", "text": ">> And you know, you got a decent amount."}, {"start": "00:57:12", "end": "00:57:15", "text": "That's 2K worth of hype. You could stake"}, {"start": "00:57:14", "end": "00:57:16", "text": "it on the platform."}, {"start": "00:57:15", "end": "00:57:18", "text": ">> Yeah."}, {"start": "00:57:16", "end": "00:57:21", "text": ">> And it's like 2.2% yield."}, {"start": "00:57:18", "end": "00:57:25", "text": ">> Yeah. when you're, you know, moving"}, {"start": "00:57:21", "end": "00:57:27", "text": "massive amounts all at once. Like,"}, {"start": "00:57:25", "end": "00:57:30", "text": "I don't know, man. Like, I kind of"}, {"start": "00:57:27", "end": "00:57:32", "text": "prefer doing using my full ass instead"}, {"start": "00:57:30", "end": "00:57:34", "text": "of halfassing things"}, {"start": "00:57:32", "end": "00:57:36", "text": ">> and that's turned out well for me, but I"}, {"start": "00:57:34", "end": "00:57:38", "text": "am a little insane and I'm unreasonable"}, {"start": "00:57:36", "end": "00:57:41", "text": "at times. So,"}, {"start": "00:57:38", "end": "00:57:43", "text": ">> uh I did forget to buy uh lack"}, {"start": "00:57:41", "end": "00:57:45", "text": "yesterday, the lithium Americas. I"}, {"start": "00:57:43", "end": "00:57:46", "text": "bought a little bit at market open"}, {"start": "00:57:45", "end": "00:57:48", "text": "today."}, {"start": "00:57:46", "end": "00:57:50", "text": ">> So, this candle right here. Okay. Taking"}, {"start": "00:57:48", "end": "00:57:54", "text": "a little bit of exposure to Rare Earth."}, {"start": "00:57:50", "end": "00:57:56", "text": ">> I'm I'm up 1%. I'm selling it all now."}, {"start": "00:57:54", "end": "00:57:57", "text": ">> Well, the Arthur Hayes be like all about"}, {"start": "00:57:56", "end": "00:57:59", "text": "it for like two weeks as you're buying"}, {"start": "00:57:57", "end": "00:58:01", "text": "it and then just dump it the moment you"}, {"start": "00:57:59", "end": "00:58:04", "text": "start to see the price action move."}, {"start": "00:58:01", "end": "00:58:07", "text": ">> Uh, lithium is a profitable business if"}, {"start": "00:58:04", "end": "00:58:08", "text": "you can get into it and you know it's"}, {"start": "00:58:07", "end": "00:58:10", "text": "permits, it's dirty and this is a"}, {"start": "00:58:08", "end": "00:58:12", "text": "Canadian company that is going to be"}, {"start": "00:58:10", "end": "00:58:14", "text": "operating in North America. A lot of"}, {"start": "00:58:12", "end": "00:58:16", "text": "people are bullish. This is the thesis"}, {"start": "00:58:14", "end": "00:58:17", "text": "for this one. Trump administration made"}, {"start": "00:58:16", "end": "00:58:20", "text": "a major investment in it."}, {"start": "00:58:17", "end": "00:58:22", "text": ">> Yeah, you got to have lithium. Lithium"}, {"start": "00:58:20", "end": "00:58:24", "text": "is part of the whole EV push."}, {"start": "00:58:22", "end": "00:58:27", "text": ">> This is the Trump pump. You know, they"}, {"start": "00:58:24", "end": "00:58:28", "text": "announced it, it pumped and it's retrace"}, {"start": "00:58:27", "end": "00:58:31", "text": "heavily."}, {"start": "00:58:28", "end": "00:58:32", "text": ">> I don't mind buying after a Yeah, it's"}, {"start": "00:58:31", "end": "00:58:34", "text": "it's it's it's half off."}, {"start": "00:58:32", "end": "00:58:36", "text": ">> I don't see nothing wrong with that."}, {"start": "00:58:34", "end": "00:58:40", "text": "Like if lithium is part of the equation"}, {"start": "00:58:36", "end": "00:58:42", "text": "of this whole technological push. So,"}, {"start": "00:58:40", "end": "00:58:44", "text": ">> look at that gas. Nat gas. I might close"}, {"start": "00:58:42", "end": "00:58:45", "text": "more options. Yeah,"}, {"start": "00:58:44", "end": "00:58:47", "text": ">> I might close some more options. I'm"}, {"start": "00:58:45", "end": "00:58:50", "text": "like three different dated options here."}, {"start": "00:58:47", "end": "00:58:52", "text": "I think July, September, maybe October."}, {"start": "00:58:50", "end": "00:58:54", "text": "I might go ahead and just trim my NAT"}, {"start": "00:58:52", "end": "00:58:57", "text": "gas positions. And we are betting on"}, {"start": "00:58:54", "end": "00:58:59", "text": "futures on UN. And this is going to be"}, {"start": "00:58:57", "end": "00:59:01", "text": "on Robin Hood is where I'm doing all"}, {"start": "00:58:59", "end": "00:59:04", "text": "this. It's United States Natural Gas"}, {"start": "00:59:01", "end": "00:59:05", "text": "Fund. It's basically a natural gas ETF."}, {"start": "00:59:04", "end": "00:59:08", "text": "And yeah, it's looking pretty good. I"}, {"start": "00:59:05", "end": "00:59:12", "text": "got some like $15 options."}, {"start": "00:59:08", "end": "00:59:12", "text": "Should I just hold on for the moon bag?"}, {"start": "00:59:12", "end": "00:59:14", "text": "You know,"}, {"start": "00:59:12", "end": "00:59:16", "text": ">> I try and kick me off view."}, {"start": "00:59:14", "end": "00:59:18", "text": ">> Stocks are more often than not better"}, {"start": "00:59:16", "end": "00:59:21", "text": "held long term though. You know, it's a"}, {"start": "00:59:18", "end": "00:59:23", "text": "crypto I feel like is in and out even on"}, {"start": "00:59:21", "end": "00:59:25", "text": "spot sometimes, but stocks like you got"}, {"start": "00:59:23", "end": "00:59:26", "text": "to really kind of see it through and"}, {"start": "00:59:25", "end": "00:59:29", "text": "just have a general thesis of where the"}, {"start": "00:59:26", "end": "00:59:32", "text": "economy is going. Economy is going"}, {"start": "00:59:29", "end": "00:59:34", "text": "digital, like full digital. So, I don't"}, {"start": "00:59:32", "end": "00:59:38", "text": "see anything wrong with rare earth in"}, {"start": "00:59:34", "end": "00:59:40", "text": "commodities. This is where you're tied"}, {"start": "00:59:38", "end": "00:59:43", "text": "into a lot of news headlines, but just"}, {"start": "00:59:40", "end": "00:59:45", "text": "looking at this chart, that looks like"}, {"start": "00:59:43", "end": "00:59:46", "text": "it wants up. This looks like"}, {"start": "00:59:45", "end": "00:59:48", "text": ">> it looks like a little upside down head"}, {"start": "00:59:46", "end": "00:59:49", "text": "and shoulders. Inverse head and"}, {"start": "00:59:48", "end": "00:59:50", "text": "shoulders potentially breaking out from"}, {"start": "00:59:49", "end": "00:59:52", "text": "the neckline."}, {"start": "00:59:50", "end": "00:59:54", "text": ">> Yeah, it looks like it wants up. So,"}, {"start": "00:59:52", "end": "00:59:55", "text": ">> I'm I'm probably going to do like 10%."}, {"start": "00:59:54", "end": "00:59:58", "text": ">> Little 10%."}, {"start": "00:59:55", "end": "01:00:00", "text": ">> Yeah, I'm up. I'm up. You don't go broke"}, {"start": "00:59:58", "end": "01:00:02", "text": "taking profits here. Let's check on XRP."}, {"start": "01:00:00", "end": "01:00:04", "text": "XRP we gave a couple levels here. This"}, {"start": "01:00:02", "end": "01:00:05", "text": "is the trend line we were talking about"}, {"start": "01:00:04", "end": "01:00:08", "text": "yesterday."}, {"start": "01:00:05", "end": "01:00:10", "text": "And it actually rejected off of this. So"}, {"start": "01:00:08", "end": "01:00:12", "text": "we talked about this yesterday morning."}, {"start": "01:00:10", "end": "01:00:14", "text": "And so we were talking about this. Okay."}, {"start": "01:00:12", "end": "01:00:16", "text": "Actually came down. Wow. It's just"}, {"start": "01:00:14", "end": "01:00:18", "text": "chopping all around this thing. It was"}, {"start": "01:00:16", "end": "01:00:20", "text": "support resistance and now most recently"}, {"start": "01:00:18", "end": "01:00:22", "text": "resistance. And the next level we're"}, {"start": "01:00:20", "end": "01:00:24", "text": "looking at is this level down here."}, {"start": "01:00:22", "end": "01:00:25", "text": "We've been testing all these. Okay."}, {"start": "01:00:24", "end": "01:00:28", "text": "That's the support that goes back to"}, {"start": "01:00:25", "end": "01:00:32", "text": "2017. That'd be the area I wouldn't mind"}, {"start": "01:00:28", "end": "01:00:32", "text": "buying. Let's check in on near."}, {"start": "01:00:33", "end": "01:00:35", "text": "Not as bad as the headlines would make"}, {"start": "01:00:35", "end": "01:00:38", "text": "you think."}, {"start": "01:00:35", "end": "01:00:42", "text": ">> Uh 22% is a lot, but yeah, it looks like"}, {"start": "01:00:38", "end": "01:00:44", "text": "it's maybe slowed down a little bit."}, {"start": "01:00:42", "end": "01:00:47", "text": ">> Jeez. 22%."}, {"start": "01:00:44", "end": "01:00:49", "text": ">> Well, it's beat down to like I mean near"}, {"start": "01:00:47", "end": "01:00:51", "text": "Look at it on the larger time like cuz"}, {"start": "01:00:49", "end": "01:00:54", "text": "it performed decent in March of 24. Like"}, {"start": "01:00:51", "end": "01:00:55", "text": "it times were decent. You're at like"}, {"start": "01:00:54", "end": "01:00:57", "text": "eight bucks was it?"}, {"start": "01:00:55", "end": "01:00:59", "text": ">> Yeah. Yeah. You hit like eight bucks."}, {"start": "01:00:57", "end": "01:01:02", "text": ">> So the celebrations when we like pump up"}, {"start": "01:00:59", "end": "01:01:04", "text": "to three were kind of funny seeing. But"}, {"start": "01:01:02", "end": "01:01:06", "text": "at least it's got a very strong weekly"}, {"start": "01:01:04", "end": "01:01:07", "text": "candle digging it out of those nasty"}, {"start": "01:01:06", "end": "01:01:08", "text": "lows, which a lot of altcoins don't"}, {"start": "01:01:07", "end": "01:01:09", "text": "have."}, {"start": "01:01:08", "end": "01:01:11", "text": ">> No, I was like, wait a minute. How come"}, {"start": "01:01:09", "end": "01:01:11", "text": "I don't see the yellow line?"}, {"start": "01:01:11", "end": "01:01:14", "text": ">> Yeah."}, {"start": "01:01:11", "end": "01:01:16", "text": ">> Oh, because we got to extend it."}, {"start": "01:01:14", "end": "01:01:18", "text": ">> Yeah, maybe that"}, {"start": "01:01:16", "end": "01:01:20", "text": ">> did say watch for the retest."}, {"start": "01:01:18", "end": "01:01:24", "text": ">> Exactly what happened. Let me try to be"}, {"start": "01:01:20", "end": "01:01:25", "text": "pretty accurate."}, {"start": "01:01:24", "end": "01:01:26", "text": ">> And what we're doing is Oh, yeah, I"}, {"start": "01:01:25", "end": "01:01:29", "text": "remember now. Yeah, we're looking at the"}, {"start": "01:01:26", "end": "01:01:31", "text": "candles here. You start at that wick"}, {"start": "01:01:29", "end": "01:01:32", "text": "right there. You go to this wick right"}, {"start": "01:01:31", "end": "01:01:34", "text": "here. here. I would say that's pretty"}, {"start": "01:01:32", "end": "01:01:36", "text": "Yeah, that's pretty on point. We're just"}, {"start": "01:01:34", "end": "01:01:42", "text": "going to keep the yellow line where it"}, {"start": "01:01:36", "end": "01:01:47", "text": "is and zoom in. Go to the 4 hour."}, {"start": "01:01:42", "end": "01:01:48", "text": "Oh, yeah. Oh, it's right on our level."}, {"start": "01:01:47", "end": "01:01:52", "text": "But now it's at the crossroads up or"}, {"start": "01:01:48", "end": "01:01:55", "text": "down. If I had I had to give you an"}, {"start": "01:01:52", "end": "01:01:57", "text": "answer. That's now this is really close"}, {"start": "01:01:55", "end": "01:01:58", "text": "to the hidden be No, that's slightly"}, {"start": "01:01:57", "end": "01:02:00", "text": "bearish, but that's the hidden bearish"}, {"start": "01:01:58", "end": "01:02:02", "text": "divergence. You see the price going much"}, {"start": "01:02:00", "end": "01:02:05", "text": "higher. RSI was failing to recapture"}, {"start": "01:02:02", "end": "01:02:07", "text": "that pump. Uh 4hour bear div. I mean"}, {"start": "01:02:05", "end": "01:02:10", "text": "that it did play out a lot though. So I"}, {"start": "01:02:07", "end": "01:02:12", "text": "mean it already played out 22%. I don't"}, {"start": "01:02:10", "end": "01:02:14", "text": "know if it can continue to to crash from"}, {"start": "01:02:12", "end": "01:02:16", "text": "here."}, {"start": "01:02:14", "end": "01:02:18", "text": ">> Oh yeah, it can. It's it's a small"}, {"start": "01:02:16", "end": "01:02:19", "text": "altcoin in a bare market. It you know"}, {"start": "01:02:18", "end": "01:02:20", "text": "this is"}, {"start": "01:02:19", "end": "01:02:20", "text": ">> Oh, I mean like just in the immediate"}, {"start": "01:02:20", "end": "01:02:23", "text": "term."}, {"start": "01:02:20", "end": "01:02:24", "text": ">> Oh, yeah. Yeah. Yeah. Yeah. I get this"}, {"start": "01:02:23", "end": "01:02:25", "text": "will probably be like turbulent zone,"}, {"start": "01:02:24", "end": "01:02:27", "text": "but like"}, {"start": "01:02:25", "end": "01:02:30", "text": ">> this one's really hard to predict."}, {"start": "01:02:27", "end": "01:02:32", "text": ">> Yeah. I'm still like, you know, I what"}, {"start": "01:02:30", "end": "01:02:34", "text": "I'm still doing is just mapping out the"}, {"start": "01:02:32", "end": "01:02:37", "text": "alts that I like. I'm not ready to start"}, {"start": "01:02:34", "end": "01:02:40", "text": "buying in in big swasts again until I"}, {"start": "01:02:37", "end": "01:02:43", "text": "start to see what I need to see um in"}, {"start": "01:02:40", "end": "01:02:46", "text": "terms of Tether and Bitcoin uh dominance"}, {"start": "01:02:43", "end": "01:02:48", "text": "and all that stuff. But, you know, ICP"}, {"start": "01:02:46", "end": "01:02:50", "text": "hammered now. ICP's honestly been"}, {"start": "01:02:48", "end": "01:02:52", "text": "performing pretty good lately. It's, you"}, {"start": "01:02:50", "end": "01:02:54", "text": "know, it went down to like a dollar$1"}, {"start": "01:02:52", "end": "01:02:56", "text": "dollar50, bumped up to like three some"}, {"start": "01:02:54", "end": "01:02:57", "text": "odd bucks. So"}, {"start": "01:02:56", "end": "01:02:58", "text": ">> definitely see a trend line on the"}, {"start": "01:02:57", "end": "01:03:00", "text": "bottom."}, {"start": "01:02:58", "end": "01:03:03", "text": ">> Mhm."}, {"start": "01:03:00", "end": "01:03:06", "text": ">> ICP I made a lot of money off ICP in 24"}, {"start": "01:03:03", "end": "01:03:09", "text": "too by buying around three bucks and"}, {"start": "01:03:06", "end": "01:03:12", "text": "then it just like ripped up to 18."}, {"start": "01:03:09", "end": "01:03:15", "text": ">> Did our bare pin it or sorry bull pin it"}, {"start": "01:03:12", "end": "01:03:15", "text": "play out."}, {"start": "01:03:15", "end": "01:03:19", "text": ">> Oh, you had one on this. That's cool,"}, {"start": "01:03:17", "end": "01:03:20", "text": "huh?"}, {"start": "01:03:19", "end": "01:03:23", "text": ">> Just about."}, {"start": "01:03:20", "end": "01:03:24", "text": ">> Just about. It did go higher. Okay. All"}, {"start": "01:03:23", "end": "01:03:25", "text": "right. Well, there you go, folks."}, {"start": "01:03:24", "end": "01:03:27", "text": "There's the charts for today. Thank you"}, {"start": "01:03:25", "end": "01:03:29", "text": "for watching last night's video. We did"}, {"start": "01:03:27", "end": "01:03:30", "text": "take down uh the video real quick just"}, {"start": "01:03:29", "end": "01:03:33", "text": "because I put out that emergency upload"}, {"start": "01:03:30", "end": "01:03:36", "text": "last night, but I did do a new or I I"}, {"start": "01:03:33", "end": "01:03:38", "text": "reput it up and this video that is up"}, {"start": "01:03:36", "end": "01:03:40", "text": "right now. We just posted it. It talks"}, {"start": "01:03:38", "end": "01:03:41", "text": "about where is Bitcoin going to be one"}, {"start": "01:03:40", "end": "01:03:45", "text": "year from now. There is something that"}, {"start": "01:03:41", "end": "01:03:49", "text": "has happened 873 times. It did the same"}, {"start": "01:03:45", "end": "01:03:52", "text": "thing all 873 times and that was the"}, {"start": "01:03:49", "end": "01:03:53", "text": "price was higher. So we just did that."}, {"start": "01:03:52", "end": "01:03:56", "text": "But really the question is what is the"}, {"start": "01:03:53", "end": "01:04:00", "text": "median gain? What can we maybe expect"}, {"start": "01:03:56", "end": "01:04:02", "text": "873 times out of 873 what can we expect"}, {"start": "01:04:00", "end": "01:04:03", "text": "a year later to watch that video if you"}, {"start": "01:04:02", "end": "01:04:05", "text": "haven't watched it already folks I do"}, {"start": "01:04:03", "end": "01:04:06", "text": "appreciate it everybody smash the like"}, {"start": "01:04:05", "end": "01:04:08", "text": "button on the way out. Thank you for"}, {"start": "01:04:06", "end": "01:04:11", "text": "joining watching crypto content as"}, {"start": "01:04:08", "end": "01:04:13", "text": "Bitcoin was in a freef fall but I did"}, {"start": "01:04:11", "end": "01:04:14", "text": "say it looks like we might start pumping"}, {"start": "01:04:13", "end": "01:04:16", "text": "from that level last night and it is"}, {"start": "01:04:14", "end": "01:04:19", "text": "still holding strong here. We can check"}, {"start": "01:04:16", "end": "01:04:22", "text": "back in just before we dip out and let's"}, {"start": "01:04:19", "end": "01:04:23", "text": "see if our retest comes to fruition."}, {"start": "01:04:22", "end": "01:04:25", "text": "Folks, we're gonna be watching this."}, {"start": "01:04:23", "end": "01:04:27", "text": "We'll check back in in the future. We"}, {"start": "01:04:25", "end": "01:04:29", "text": "just wanted to take a quick second to"}, {"start": "01:04:27", "end": "01:04:30", "text": "shout out our sponsor, Arculus. They are"}, {"start": "01:04:29", "end": "01:04:32", "text": "cold storage hardware wallet. Helps you"}, {"start": "01:04:30", "end": "01:04:34", "text": "secure all of your digital assets for"}, {"start": "01:04:32", "end": "01:04:35", "text": "the future. Just tap this thing to the"}, {"start": "01:04:34", "end": "01:04:37", "text": "back of your phone and boom, you're in."}, {"start": "01:04:35", "end": "01:04:38", "text": "We wouldn't be able to do this without"}, {"start": "01:04:37", "end": "01:04:40", "text": "them, but also wouldn't be able to do"}, {"start": "01:04:38", "end": "01:04:42", "text": "this without you guys, the Disco Fam."}, {"start": "01:04:40", "end": "01:04:43", "text": "You've supported us a lot over the"}, {"start": "01:04:42", "end": "01:04:46", "text": "years. If you want to support the"}, {"start": "01:04:43", "end": "01:04:48", "text": "channel now, just use the code DC20. It"}, {"start": "01:04:46", "end": "01:04:50", "text": "gets you 20% off this card. It's the"}, {"start": "01:04:48", "end": "01:04:51", "text": "number one way you can support this"}, {"start": "01:04:50", "end": "01:04:55", "text": "channel going forward. Thank you for"}, {"start": "01:04:51", "end": "01:04:55", "text": "your support. We'll see you at the top."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Emergency Bitcoin video, everybody. You"}, {"start": "00:00:02", "end": "00:00:07", "text": "can see here Bitcoin has fallen. It has"}, {"start": "00:00:03", "end": "00:00:09", "text": "fallen 9% in the span about 15-16 hours"}, {"start": "00:00:07", "end": "00:00:11", "text": "here. Now, it is trying to recover."}, {"start": "00:00:09", "end": "00:00:13", "text": "Let's look at some of the levels and"}, {"start": "00:00:11", "end": "00:00:14", "text": "identify what is the next level we're"}, {"start": "00:00:13", "end": "00:00:17", "text": "going to be watching for Bitcoin to fall"}, {"start": "00:00:14", "end": "00:00:19", "text": "to if it cannot recover, but right now"}, {"start": "00:00:17", "end": "00:00:21", "text": "it is trying to hold strong. Now, we"}, {"start": "00:00:19", "end": "00:00:23", "text": "gave you the level 65,800"}, {"start": "00:00:21", "end": "00:00:25", "text": "in yesterday's video, and then we"}, {"start": "00:00:23", "end": "00:00:27", "text": "switched to the 1-hour. You can see here"}, {"start": "00:00:25", "end": "00:00:29", "text": "actually came down to that level hours"}, {"start": "00:00:27", "end": "00:00:31", "text": "after I uploaded it, held as support,"}, {"start": "00:00:29", "end": "00:00:32", "text": "but then it failed to hold as support as"}, {"start": "00:00:31", "end": "00:00:34", "text": "the second time, and then actually"}, {"start": "00:00:32", "end": "00:00:35", "text": "turned into resistance. So, what is the"}, {"start": "00:00:34", "end": "00:00:36", "text": "next level I'm going to be looking at"}, {"start": "00:00:35", "end": "00:00:39", "text": "here? Well, that's going to be the"}, {"start": "00:00:36", "end": "00:00:41", "text": "February 6th low, right here at 60K,"}, {"start": "00:00:39", "end": "00:00:43", "text": "59,900"}, {"start": "00:00:41", "end": "00:00:45", "text": "and some change. Now, going to the"}, {"start": "00:00:43", "end": "00:00:46", "text": "1-hour chart, scrolling over, I think"}, {"start": "00:00:45", "end": "00:00:50", "text": "Bitcoin definitely needs to hold this"}, {"start": "00:00:46", "end": "00:00:52", "text": "level, and you can maybe talk about 60K"}, {"start": "00:00:50", "end": "00:00:54", "text": "is still going to be the bottom, but if"}, {"start": "00:00:52", "end": "00:00:56", "text": "this fails, I am looking at another low,"}, {"start": "00:00:54", "end": "00:00:58", "text": "and that's going to be going all the way"}, {"start": "00:00:56", "end": "00:01:00", "text": "down here to where we were testing this"}, {"start": "00:00:58", "end": "00:01:02", "text": "range in 2024."}, {"start": "00:01:00", "end": "00:01:04", "text": "First time we touched it was going to be"}, {"start": "00:01:02", "end": "00:01:06", "text": "here in May of 2024. Bounced off this"}, {"start": "00:01:04", "end": "00:01:08", "text": "area again. Let me zoom in a little bit."}, {"start": "00:01:06", "end": "00:01:11", "text": "You can see here then we came down back"}, {"start": "00:01:08", "end": "00:01:13", "text": "into July, bounced off it in August, and"}, {"start": "00:01:11", "end": "00:01:16", "text": "then it took off in September of 2024."}, {"start": "00:01:13", "end": "00:01:18", "text": "Now, that first level I gave you, 60K,"}, {"start": "00:01:16", "end": "00:01:20", "text": "50 or 59,950,"}, {"start": "00:01:18", "end": "00:01:23", "text": "you can see here that is also holding as"}, {"start": "00:01:20", "end": "00:01:24", "text": "support back here in October of 2024."}, {"start": "00:01:23", "end": "00:01:27", "text": "But right now, if you look on the"}, {"start": "00:01:24", "end": "00:01:29", "text": "1-hour, we are starting to recover a"}, {"start": "00:01:27", "end": "00:01:30", "text": "little bit on the RSI. And let me tell"}, {"start": "00:01:29", "end": "00:01:33", "text": "you what happened last time we were"}, {"start": "00:01:30", "end": "00:01:35", "text": "looking at the RSI. So, switching here,"}, {"start": "00:01:33", "end": "00:01:37", "text": "we have a little bit of a bullish"}, {"start": "00:01:35", "end": "00:01:39", "text": "divergence. You can see a higher low"}, {"start": "00:01:37", "end": "00:01:41", "text": "with while the price was making a lower"}, {"start": "00:01:39", "end": "00:01:44", "text": "low. Last time we saw that was going to"}, {"start": "00:01:41", "end": "00:01:46", "text": "be right here. Let me fix this Y-axis"}, {"start": "00:01:44", "end": "00:01:49", "text": "where the price was going in lower while"}, {"start": "00:01:46", "end": "00:01:52", "text": "the RSI was heading higher. Now, Bitcoin"}, {"start": "00:01:49", "end": "00:01:55", "text": "would actually do okay. It would hold up"}, {"start": "00:01:52", "end": "00:01:57", "text": "for about 3 and 1/2 days, had a little 2"}, {"start": "00:01:55", "end": "00:01:59", "text": "and 1/2% pump, and then you can see"}, {"start": "00:01:57", "end": "00:02:01", "text": "Bitcoin, you know, off to the races to"}, {"start": "00:01:59", "end": "00:02:03", "text": "the downside, but a huge bearish"}, {"start": "00:02:01", "end": "00:02:04", "text": "divergence was giving us the clues all"}, {"start": "00:02:03", "end": "00:02:06", "text": "along. So, there's actually a decent"}, {"start": "00:02:04", "end": "00:02:08", "text": "chance we might see a little bit of a"}, {"start": "00:02:06", "end": "00:02:10", "text": "bounce in, probably coming back up to"}, {"start": "00:02:08", "end": "00:02:11", "text": "the $65,800"}, {"start": "00:02:10", "end": "00:02:13", "text": "level. Smash that like button if you"}, {"start": "00:02:11", "end": "00:02:15", "text": "like these emergency Bitcoin videos. I'm"}, {"start": "00:02:13", "end": "00:02:18", "text": "Deezy, and I'll see you on the live"}, {"start": "00:02:15", "end": "00:02:18", "text": "stream in the morning."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "The Bitcoin power law all but guarantees"}, {"start": "00:00:02", "end": "00:00:05", "text": "the Bitcoin price will be higher 1 year"}, {"start": "00:00:03", "end": "00:00:08", "text": "from now. Now, this is not an opinion."}, {"start": "00:00:05", "end": "00:00:11", "text": "This is just what we've seen 873 times"}, {"start": "00:00:08", "end": "00:00:13", "text": "out of 873 days. Or in other words, 100%"}, {"start": "00:00:11", "end": "00:00:15", "text": "of the time. And that's because we're at"}, {"start": "00:00:13", "end": "00:00:16", "text": "a historically low level when you're"}, {"start": "00:00:15", "end": "00:00:18", "text": "looking at the Bitcoin power law. And"}, {"start": "00:00:16", "end": "00:00:20", "text": "this is the Bitcoin power law model. So,"}, {"start": "00:00:18", "end": "00:00:21", "text": "half the time we are above this blue"}, {"start": "00:00:20", "end": "00:00:23", "text": "line, the other half we're below that"}, {"start": "00:00:21", "end": "00:00:25", "text": "blue line, and then on rare occasions"}, {"start": "00:00:23", "end": "00:00:27", "text": "we're near the green line. If you zoom"}, {"start": "00:00:25", "end": "00:00:28", "text": "in, you can see just how close we are."}, {"start": "00:00:27", "end": "00:00:31", "text": "This is where it gets interesting. Every"}, {"start": "00:00:28", "end": "00:00:33", "text": "single time Bitcoin has fallen 40% below"}, {"start": "00:00:31", "end": "00:00:35", "text": "that power law level, that was that blue"}, {"start": "00:00:33", "end": "00:00:39", "text": "line, it is higher 1 year later. And"}, {"start": "00:00:35", "end": "00:00:42", "text": "again, 873 times out of 873 days. And"}, {"start": "00:00:39", "end": "00:00:44", "text": "the median gain is 174%."}, {"start": "00:00:42", "end": "00:00:48", "text": "So, it's higher every single time, the"}, {"start": "00:00:44", "end": "00:00:51", "text": "median pump is 174%. It gives us a 178K"}, {"start": "00:00:48", "end": "00:00:51", "text": "Bitcoin."}]

[{"start": "00:00:01", "end": "00:00:06", "text": "The firm behind the Bitcoin crash just"}, {"start": "00:00:04", "end": "00:00:08", "text": "gave us a little bit of insight about"}, {"start": "00:00:06", "end": "00:00:10", "text": "what potentially could go on as far as"}, {"start": "00:00:08", "end": "00:00:13", "text": "Bitcoin goes. So to catch you all up"}, {"start": "00:00:10", "end": "00:00:15", "text": "with what winter mute is and Binance and"}, {"start": "00:00:13", "end": "00:00:17", "text": "what everything happened. This all goes"}, {"start": "00:00:15", "end": "00:00:19", "text": "back to October 6 and it's a linear"}, {"start": "00:00:17", "end": "00:00:22", "text": "progression of what it is. Now this is"}, {"start": "00:00:19", "end": "00:00:23", "text": "just allegedly what happens. I'm not"}, {"start": "00:00:22", "end": "00:00:26", "text": "saying that winter mute is directly"}, {"start": "00:00:23", "end": "00:00:28", "text": "responsible for your horrible portfolio."}, {"start": "00:00:26", "end": "00:00:32", "text": "I'm just kidding. But this is what"}, {"start": "00:00:28", "end": "00:00:34", "text": "happened around this time. So Wintermute"}, {"start": "00:00:32", "end": "00:00:36", "text": "market maker works with Binance. This is"}, {"start": "00:00:34", "end": "00:00:37", "text": "what happened. Large deposits. A few"}, {"start": "00:00:36", "end": "00:00:39", "text": "hours before the crash, which is of"}, {"start": "00:00:37", "end": "00:00:41", "text": "course is October 6, the market maker"}, {"start": "00:00:39", "end": "00:00:44", "text": "Wintermute transferred $700 million"}, {"start": "00:00:41", "end": "00:00:47", "text": "worth of crypto just a few hours before"}, {"start": "00:00:44", "end": "00:00:49", "text": "the crash. It was very timeoriented."}, {"start": "00:00:47", "end": "00:00:50", "text": "Very interesting that time. Now of"}, {"start": "00:00:49", "end": "00:00:53", "text": "course the CEO Wintermute and of course"}, {"start": "00:00:50", "end": "00:00:56", "text": "CZ Binance has said that that is not"}, {"start": "00:00:53", "end": "00:00:58", "text": "what happened. But this is the facts of"}, {"start": "00:00:56", "end": "00:01:00", "text": "what it was. The order book changes."}, {"start": "00:00:58", "end": "00:01:01", "text": "Large sell barriers started to appear on"}, {"start": "00:01:00", "end": "00:01:04", "text": "different trading pairs. This made the"}, {"start": "00:01:01", "end": "00:01:05", "text": "markets backup liquidity very very thin."}, {"start": "00:01:04", "end": "00:01:08", "text": "When we have liquidity that is very"}, {"start": "00:01:05", "end": "00:01:11", "text": "thin, there is massive price"}, {"start": "00:01:08", "end": "00:01:13", "text": "fluctuations. And October 6 was no"}, {"start": "00:01:11", "end": "00:01:15", "text": "different. The macro trigger was this."}, {"start": "00:01:13", "end": "00:01:19", "text": "Bitcoin was trading around 122 maybe"}, {"start": "00:01:15", "end": "00:01:23", "text": "125,000. It began to dip to 117,000 as"}, {"start": "00:01:19", "end": "00:01:25", "text": "news of Chinese mineral export limits"}, {"start": "00:01:23", "end": "00:01:27", "text": "spread. When you take a look at these"}, {"start": "00:01:25", "end": "00:01:31", "text": "and and read these stories, you realize"}, {"start": "00:01:27", "end": "00:01:34", "text": "just how flippant the actual market is"}, {"start": "00:01:31", "end": "00:01:38", "text": "because if you go from 122,000 117,000"}, {"start": "00:01:34", "end": "00:01:41", "text": "because of potentially mineral exports"}, {"start": "00:01:38", "end": "00:01:43", "text": "becoming reduced, that is a very thin"}, {"start": "00:01:41", "end": "00:01:46", "text": "liquidity market. And then on top of"}, {"start": "00:01:43", "end": "00:01:49", "text": "that, DJT or Presidente Trump posts on"}, {"start": "00:01:46", "end": "00:01:52", "text": "social media threatening a 100% tariff"}, {"start": "00:01:49", "end": "00:01:54", "text": "on Chinese goods, just threatening 100%"}, {"start": "00:01:52", "end": "00:01:55", "text": "tariffs. Now, of course, we knew what"}, {"start": "00:01:54", "end": "00:01:57", "text": "happened after that. Things kind of"}, {"start": "00:01:55", "end": "00:02:00", "text": "resolved. Then, of course, we got into a"}, {"start": "00:01:57", "end": "00:02:01", "text": "nice little Iran war or skirmish, I"}, {"start": "00:02:00", "end": "00:02:04", "text": "guess you could say, which happened in"}, {"start": "00:02:01", "end": "00:02:05", "text": "February. But this is the tariff part."}, {"start": "00:02:04", "end": "00:02:08", "text": "This caused instant panic across global"}, {"start": "00:02:05", "end": "00:02:10", "text": "financial markets. The price drop"}, {"start": "00:02:08", "end": "00:02:13", "text": "triggered a flaw in Binance's unified"}, {"start": "00:02:10", "end": "00:02:16", "text": "account margin system. A token used for"}, {"start": "00:02:13", "end": "00:02:18", "text": "collateral on Binance called USDE broke"}, {"start": "00:02:16", "end": "00:02:20", "text": "its peg on Binance. And of course, we"}, {"start": "00:02:18", "end": "00:02:22", "text": "remember what happened with Luna as it"}, {"start": "00:02:20", "end": "00:02:24", "text": "broke its stable coin peg. So, everybody"}, {"start": "00:02:22", "end": "00:02:26", "text": "freaked out, perhaps down to 65 cents"}, {"start": "00:02:24", "end": "00:02:28", "text": "while remaining close to a dollar in"}, {"start": "00:02:26", "end": "00:02:30", "text": "other exchanges. This mistake forced the"}, {"start": "00:02:28", "end": "00:02:32", "text": "system to start to auto liquidate"}, {"start": "00:02:30", "end": "00:02:34", "text": "accounts because the market was moving"}, {"start": "00:02:32", "end": "00:02:36", "text": "so fast. Winter Mutant's internal"}, {"start": "00:02:34", "end": "00:02:38", "text": "automated risk rules broke. They"}, {"start": "00:02:36", "end": "00:02:39", "text": "completely halted trading for a short"}, {"start": "00:02:38", "end": "00:02:42", "text": "time to regroup, which I got to tell you"}, {"start": "00:02:39", "end": "00:02:43", "text": "is not uncommon for NASDAQ and other"}, {"start": "00:02:42", "end": "00:02:45", "text": "traditional markets. They do it all the"}, {"start": "00:02:43", "end": "00:02:48", "text": "time. With the main market makers gone,"}, {"start": "00:02:45", "end": "00:02:50", "text": "there was a total liquidity vacuum. Some"}, {"start": "00:02:48", "end": "00:02:53", "text": "altcoins like Atom and Sweet crashed up"}, {"start": "00:02:50", "end": "00:02:55", "text": "to 80%. And the aftermath was this."}, {"start": "00:02:53", "end": "00:02:58", "text": "Investors investors accused Binance and"}, {"start": "00:02:55", "end": "00:03:00", "text": "Wordmute of manipulation. Both firms"}, {"start": "00:02:58", "end": "00:03:01", "text": "denied it, blending a mix of high"}, {"start": "00:03:00", "end": "00:03:03", "text": "leverage system errors and sudden"}, {"start": "00:03:01", "end": "00:03:04", "text": "political news and like, \"Hey, hands"}, {"start": "00:03:03", "end": "00:03:06", "text": "off. We only do how much we could"}, {"start": "00:03:04", "end": "00:03:09", "text": "actually do.\" And this is pretty much"}, {"start": "00:03:06", "end": "00:03:10", "text": "what it is. So that's a little quick"}, {"start": "00:03:09", "end": "00:03:12", "text": "story of Wintermute. This is what they"}, {"start": "00:03:10", "end": "00:03:14", "text": "brought out today. Wintermute says"}, {"start": "00:03:12", "end": "00:03:16", "text": "Bitcoin could still fall into the"}, {"start": "00:03:14", "end": "00:03:19", "text": "$50,000 range. Now on this channel, we"}, {"start": "00:03:16", "end": "00:03:22", "text": "have talked about how we believe that"}, {"start": "00:03:19", "end": "00:03:25", "text": "Bitcoin will drop even farther and into"}, {"start": "00:03:22", "end": "00:03:26", "text": "that 50k range. Now Bob Lucas, great"}, {"start": "00:03:25", "end": "00:03:28", "text": "video to check out. I should link that"}, {"start": "00:03:26", "end": "00:03:29", "text": "in the description. He even said the"}, {"start": "00:03:28", "end": "00:03:31", "text": "same thing. He's like, \"Yeah, look, I"}, {"start": "00:03:29", "end": "00:03:33", "text": "think we can go in the 50k range and"}, {"start": "00:03:31", "end": "00:03:35", "text": "this is a great accumulation time"}, {"start": "00:03:33", "end": "00:03:36", "text": "frame.\" I just bring these stories up"}, {"start": "00:03:35", "end": "00:03:38", "text": "just to remind people that even though"}, {"start": "00:03:36", "end": "00:03:40", "text": "there is a euphoria in the market"}, {"start": "00:03:38", "end": "00:03:42", "text": "possibly because of SpaceX and of course"}, {"start": "00:03:40", "end": "00:03:44", "text": "the AI"}, {"start": "00:03:42", "end": "00:03:48", "text": "stocks that are out there because of"}, {"start": "00:03:44", "end": "00:03:49", "text": "that we have this everexpanding market"}, {"start": "00:03:48", "end": "00:03:51", "text": "and of course Bitcoin is up today I"}, {"start": "00:03:49", "end": "00:03:53", "text": "think it's around 66,67"}, {"start": "00:03:51", "end": "00:03:54", "text": "correct me in the comments section so"}, {"start": "00:03:53", "end": "00:03:56", "text": "when we start to hear about these types"}, {"start": "00:03:54", "end": "00:04:00", "text": "of things you're like oh just as a"}, {"start": "00:03:56", "end": "00:04:01", "text": "reminder things can always go lower so"}, {"start": "00:04:00", "end": "00:04:04", "text": "winter mute said Bitcoin could remain"}, {"start": "00:04:01", "end": "00:04:06", "text": "choppy and thin summer liquid liquidity"}, {"start": "00:04:04", "end": "00:04:09", "text": "and may stall into the 50,000 range and"}, {"start": "00:04:06", "end": "00:04:11", "text": "the key signal is whether ETFs and"}, {"start": "00:04:09", "end": "00:04:15", "text": "stable coin inflows"}, {"start": "00:04:11", "end": "00:04:18", "text": "return sustainably. Well, as far as ETF"}, {"start": "00:04:15", "end": "00:04:21", "text": "flows go, we've had a major outflow."}, {"start": "00:04:18", "end": "00:04:24", "text": "However, it is interesting to note 11th,"}, {"start": "00:04:21", "end": "00:04:27", "text": "12th, and the 15th, which would be"}, {"start": "00:04:24", "end": "00:04:30", "text": "Monday, there was three days of positive"}, {"start": "00:04:27", "end": "00:04:33", "text": "inflows. However, also as a reminder, we"}, {"start": "00:04:30", "end": "00:04:36", "text": "have dropped off a cliff ever since the"}, {"start": "00:04:33", "end": "00:04:38", "text": "end of April, early May when there was a"}, {"start": "00:04:36", "end": "00:04:41", "text": "massive sell-off and it continues to"}, {"start": "00:04:38", "end": "00:04:43", "text": "happen in the ETF space as people are"}, {"start": "00:04:41", "end": "00:04:45", "text": "either taking profits or just getting"}, {"start": "00:04:43", "end": "00:04:48", "text": "the hell out. Or maybe they took profits"}, {"start": "00:04:45", "end": "00:04:52", "text": "to roll that into these big AI plays"}, {"start": "00:04:48", "end": "00:04:54", "text": "that are SpaceX, Anthropic has another"}, {"start": "00:04:52", "end": "00:04:56", "text": "one coming out and Open AAI, but that'll"}, {"start": "00:04:54", "end": "00:04:58", "text": "be in Q3 as far as IPOs go. And if we"}, {"start": "00:04:56", "end": "00:05:01", "text": "take a look here, as a reminder, going"}, {"start": "00:04:58", "end": "00:05:04", "text": "back into 2022,"}, {"start": "00:05:01", "end": "00:05:07", "text": "as the four-year cycles pertain,"}, {"start": "00:05:04", "end": "00:05:10", "text": "we had a massive drop off in March of"}, {"start": "00:05:07", "end": "00:05:13", "text": "2022, and it went from a price of"}, {"start": "00:05:10", "end": "00:05:15", "text": "47,000, went all the way down to 28,000."}, {"start": "00:05:13", "end": "00:05:19", "text": "Everybody thought that was it. And then"}, {"start": "00:05:15", "end": "00:05:22", "text": "in May, it just went sideways until June"}, {"start": "00:05:19", "end": "00:05:25", "text": "and it went from 30,000 and dropped off"}, {"start": "00:05:22", "end": "00:05:28", "text": "a planet into 19,000. And this is June"}, {"start": "00:05:25", "end": "00:05:32", "text": "18, 2022. But you will notice that as"}, {"start": "00:05:28", "end": "00:05:35", "text": "far as like June, August, September,"}, {"start": "00:05:32", "end": "00:05:35", "text": "October, November,"}, {"start": "00:05:36", "end": "00:05:39", "text": "November."}, {"start": "00:05:41", "end": "00:05:45", "text": "It went all the way down to 15,000, but"}, {"start": "00:05:43", "end": "00:05:46", "text": "it didn't stay there too long and it as"}, {"start": "00:05:45", "end": "00:05:49", "text": "it as it bounced back. But you can see"}, {"start": "00:05:46", "end": "00:05:50", "text": "that there was definitely sideways chop"}, {"start": "00:05:49", "end": "00:05:54", "text": "which I think is going to happen here"}, {"start": "00:05:50", "end": "00:05:55", "text": "throughout the summer months into Q3 Q4."}, {"start": "00:05:54", "end": "00:05:57", "text": "We're going to see another drop"}, {"start": "00:05:55", "end": "00:06:01", "text": "potentially just like winterme talks"}, {"start": "00:05:57", "end": "00:06:03", "text": "about and then we will chop sideways"}, {"start": "00:06:01", "end": "00:06:05", "text": "until potentially next year. That is"}, {"start": "00:06:03", "end": "00:06:07", "text": "what happened in 2022. And of course"}, {"start": "00:06:05", "end": "00:06:10", "text": "people say well that's just history Rob"}, {"start": "00:06:07", "end": "00:06:12", "text": "who cares about that. Well it seems like"}, {"start": "00:06:10", "end": "00:06:15", "text": "things are repeating. I swear we might"}, {"start": "00:06:12", "end": "00:06:18", "text": "be in the matrix. And winter mute, which"}, {"start": "00:06:15", "end": "00:06:20", "text": "of course had its hands all over the"}, {"start": "00:06:18", "end": "00:06:21", "text": "last crash, is warning you. Hey, 50k"}, {"start": "00:06:20", "end": "00:06:23", "text": "range. Anyhow, let me know what you"}, {"start": "00:06:21", "end": "00:06:26", "text": "think about that in the comments"}, {"start": "00:06:23", "end": "00:06:29", "text": "section. And uh as a reminder, profit"}, {"start": "00:06:26", "end": "00:06:31", "text": "taking across Bitcoin, Ether, Solana,"}, {"start": "00:06:29", "end": "00:06:33", "text": "altcoins. If Bitcoin goes down, how bad"}, {"start": "00:06:31", "end": "00:06:36", "text": "do you think altcoins are going to do"}, {"start": "00:06:33", "end": "00:06:38", "text": "it? However, there is one good piece of"}, {"start": "00:06:36", "end": "00:06:41", "text": "news on the horizon. Me and Ivan on Tech"}, {"start": "00:06:38", "end": "00:06:42", "text": "actually talked about this yesterday is"}, {"start": "00:06:41", "end": "00:06:45", "text": "that there looks like there is a peace"}, {"start": "00:06:42", "end": "00:06:48", "text": "treaty between United States and Iran."}, {"start": "00:06:45", "end": "00:06:50", "text": "And good news, this is the 37th time"}, {"start": "00:06:48", "end": "00:06:53", "text": "Presidente Trump has claimed victory."}, {"start": "00:06:50", "end": "00:06:56", "text": "So, we'll see if it actually comes to"}, {"start": "00:06:53", "end": "00:06:57", "text": "fruition. I am not holding my breath,"}, {"start": "00:06:56", "end": "00:07:00", "text": "but that's potentially a reason why"}, {"start": "00:06:57", "end": "00:07:02", "text": "there's a positivity in the market."}, {"start": "00:07:00", "end": "00:07:04", "text": "Expect that to fall through. And then"}, {"start": "00:07:02", "end": "00:07:07", "text": "also"}, {"start": "00:07:04", "end": "00:07:09", "text": "Brian Armstrong."}, {"start": "00:07:07", "end": "00:07:12", "text": "I don't really quote Brian on this"}, {"start": "00:07:09", "end": "00:07:14", "text": "channel that much. Not a big fan, but"}, {"start": "00:07:12", "end": "00:07:16", "text": "when he has something good to say, he's"}, {"start": "00:07:14", "end": "00:07:17", "text": "right."}, {"start": "00:07:16", "end": "00:07:19", "text": "And what this is is all about"}, {"start": "00:07:17", "end": "00:07:22", "text": "tokenization."}, {"start": "00:07:19", "end": "00:07:24", "text": "Brian, CEO of Coinbase, says this. For"}, {"start": "00:07:22", "end": "00:07:26", "text": "the first time, there are real onetoone"}, {"start": "00:07:24", "end": "00:07:28", "text": "backed tokenized stocks you can trust."}, {"start": "00:07:26", "end": "00:07:30", "text": "You can own an actual chunk. Other"}, {"start": "00:07:28", "end": "00:07:32", "text": "current solutions are coming are some"}, {"start": "00:07:30", "end": "00:07:35", "text": "form of derivative or IOU which is what"}, {"start": "00:07:32", "end": "00:07:36", "text": "happened with actually SpaceX. A couple"}, {"start": "00:07:35", "end": "00:07:38", "text": "different companies were offering it"}, {"start": "00:07:36", "end": "00:07:40", "text": "couldn't make it through. Derivatives"}, {"start": "00:07:38", "end": "00:07:42", "text": "also it's a big problem. Our product"}, {"start": "00:07:40", "end": "00:07:44", "text": "will give you the benefits of true"}, {"start": "00:07:42", "end": "00:07:45", "text": "ownership with all the benefits of"}, {"start": "00:07:44", "end": "00:07:47", "text": "tokenized assets. Now on this channel"}, {"start": "00:07:45", "end": "00:07:49", "text": "we've talked about tokenized assets real"}, {"start": "00:07:47", "end": "00:07:52", "text": "world assets. And actually I forgot to"}, {"start": "00:07:49", "end": "00:07:54", "text": "put this in RWA."}, {"start": "00:07:52", "end": "00:07:55", "text": "People will say well who cares about"}, {"start": "00:07:54", "end": "00:07:58", "text": "that Rob? Are you getting into stocks?"}, {"start": "00:07:55", "end": "00:08:00", "text": "I've been into stocks. I went into the"}, {"start": "00:07:58", "end": "00:08:02", "text": "SpaceX. People said it might have been"}, {"start": "00:08:00", "end": "00:08:05", "text": "crazy, but worked out pretty well. But"}, {"start": "00:08:02", "end": "00:08:08", "text": "the thing you want to notice is that the"}, {"start": "00:08:05", "end": "00:08:11", "text": "rails that these tokenized assets are"}, {"start": "00:08:08", "end": "00:08:14", "text": "built on, rw.xyz gives you a nice little"}, {"start": "00:08:11", "end": "00:08:16", "text": "insight. You can see where things are as"}, {"start": "00:08:14", "end": "00:08:19", "text": "far as like who holds the most. And this"}, {"start": "00:08:16", "end": "00:08:21", "text": "is across a litany of different options,"}, {"start": "00:08:19", "end": "00:08:22", "text": "debt, commodities, venture capital,"}, {"start": "00:08:21", "end": "00:08:24", "text": "private equity, stocks, diversized"}, {"start": "00:08:22", "end": "00:08:27", "text": "credit, so on and so forth. You'll see"}, {"start": "00:08:24", "end": "00:08:31", "text": "that platforms"}, {"start": "00:08:27", "end": "00:08:33", "text": "asset classes, managers, networks,"}, {"start": "00:08:31", "end": "00:08:36", "text": "representative, and distributed. You can"}, {"start": "00:08:33", "end": "00:08:38", "text": "see that Ethereum has 16.6 billion, BNB"}, {"start": "00:08:36", "end": "00:08:40", "text": "chain, Sana, Stellar, Liquid, so on and"}, {"start": "00:08:38", "end": "00:08:41", "text": "so forth. If you're trying to bet on"}, {"start": "00:08:40", "end": "00:08:44", "text": "things, that might be something to look"}, {"start": "00:08:41", "end": "00:08:47", "text": "at and take a look at uh representative"}, {"start": "00:08:44", "end": "00:08:48", "text": "or distributed. Whoops. Representative"}, {"start": "00:08:47", "end": "00:08:52", "text": "Canton"}, {"start": "00:08:48", "end": "00:08:55", "text": "has a little 325 billion worth."}, {"start": "00:08:52", "end": "00:08:58", "text": "Providence, very small one, but 18"}, {"start": "00:08:55", "end": "00:08:59", "text": "billion. XRP, Avalanche, Polygon, Eptos,"}, {"start": "00:08:58", "end": "00:09:01", "text": "Ethereum, Salana, and so on and so"}, {"start": "00:08:59", "end": "00:09:03", "text": "forth. So, don't fade the tokenized"}, {"start": "00:09:01", "end": "00:09:07", "text": "assets, I think it could be a very big"}, {"start": "00:09:03", "end": "00:09:10", "text": "deal. And as this happens, I think there"}, {"start": "00:09:07", "end": "00:09:14", "text": "is plenty of upside. So, talking about"}, {"start": "00:09:10", "end": "00:09:15", "text": "this, as far as getting back to Brian, I"}, {"start": "00:09:14", "end": "00:09:17", "text": "have to agree with his next statement"}, {"start": "00:09:15", "end": "00:09:19", "text": "that he says, I think it's time to"}, {"start": "00:09:17", "end": "00:09:20", "text": "revisit the accredited investor laws in"}, {"start": "00:09:19", "end": "00:09:22", "text": "the United States. If you don't know"}, {"start": "00:09:20", "end": "00:09:24", "text": "accredited investor, you have to have a"}, {"start": "00:09:22", "end": "00:09:27", "text": "certain amount. I think it's a million"}, {"start": "00:09:24", "end": "00:09:30", "text": "dollars of uh of assets under your"}, {"start": "00:09:27", "end": "00:09:32", "text": "control or I think it's above a specific"}, {"start": "00:09:30", "end": "00:09:34", "text": "uh dollar amount that you have to make"}, {"start": "00:09:32", "end": "00:09:38", "text": "per year. I want to say 250,000. That"}, {"start": "00:09:34", "end": "00:09:40", "text": "just sounds like a a uh FDIC insurance"}, {"start": "00:09:38", "end": "00:09:43", "text": "type of thing. Anyhow, for this one,"}, {"start": "00:09:40", "end": "00:09:44", "text": "accredit investors are the rich people"}, {"start": "00:09:43", "end": "00:09:46", "text": "and everybody else is the poorest."}, {"start": "00:09:44", "end": "00:09:48", "text": "That's pretty much what it is. Companies"}, {"start": "00:09:46", "end": "00:09:49", "text": "are staying private longer. We're only"}, {"start": "00:09:48", "end": "00:09:52", "text": "accredit investors. Rich people can"}, {"start": "00:09:49", "end": "00:09:54", "text": "invest. Retail investors can only come"}, {"start": "00:09:52", "end": "00:09:56", "text": "in after the IPO when much of the upside"}, {"start": "00:09:54", "end": "00:09:57", "text": "has already been captured. And the"}, {"start": "00:09:56", "end": "00:10:00", "text": "reason why I talk about this is because"}, {"start": "00:09:57", "end": "00:10:02", "text": "Brian's right as far as like this these"}, {"start": "00:10:00", "end": "00:10:05", "text": "IPOs that are coming about. Look, like"}, {"start": "00:10:02", "end": "00:10:06", "text": "look, we're going to have Anthropic's"}, {"start": "00:10:05", "end": "00:10:08", "text": "going to have it. Open AAI is going to"}, {"start": "00:10:06", "end": "00:10:10", "text": "have it. And because of that, all the"}, {"start": "00:10:08", "end": "00:10:12", "text": "insiders are going to be able to dump on"}, {"start": "00:10:10", "end": "00:10:14", "text": "you. But as a reminder,"}, {"start": "00:10:12", "end": "00:10:16", "text": "if you've ever done an ICO, you know"}, {"start": "00:10:14", "end": "00:10:18", "text": "that there are cliffs and there are"}, {"start": "00:10:16", "end": "00:10:22", "text": "dates. And just so you know, as far as"}, {"start": "00:10:18", "end": "00:10:23", "text": "like with the SpaceX IPO, you got a long"}, {"start": "00:10:22", "end": "00:10:24", "text": "time before people are going to start"}, {"start": "00:10:23", "end": "00:10:26", "text": "dumping on you. So, I'm not going to"}, {"start": "00:10:24", "end": "00:10:29", "text": "tell you what to do as far as to invest,"}, {"start": "00:10:26", "end": "00:10:32", "text": "but just so you know that the first wave"}, {"start": "00:10:29", "end": "00:10:34", "text": "IPOs, there was a float to 5%. Gotcha."}, {"start": "00:10:32", "end": "00:10:37", "text": "But the first wave of early investors"}, {"start": "00:10:34", "end": "00:10:39", "text": "being able to sell starts on August"}, {"start": "00:10:37", "end": "00:10:42", "text": "11th. So, I don't know what the price is"}, {"start": "00:10:39", "end": "00:10:45", "text": "today. My guess it probably went up. So"}, {"start": "00:10:42", "end": "00:10:48", "text": "maybe you want to take a look at that"}, {"start": "00:10:45", "end": "00:10:50", "text": "and then uh take a look at this unlocks"}, {"start": "00:10:48", "end": "00:10:52", "text": "for when they can dump on you. August"}, {"start": "00:10:50", "end": "00:10:55", "text": "11th. Just putting it out there. Just"}, {"start": "00:10:52", "end": "00:10:57", "text": "saying. And uh also you have to know I'm"}, {"start": "00:10:55", "end": "00:11:00", "text": "biased because I bought into it. So"}, {"start": "00:10:57", "end": "00:11:03", "text": "that's what it is. August 11th 25%"}, {"start": "00:11:00", "end": "00:11:05", "text": "August 21st 32 September so on and so"}, {"start": "00:11:03", "end": "00:11:07", "text": "forth. You can read and uh just"}, {"start": "00:11:05", "end": "00:11:09", "text": "something to take a look at. And then to"}, {"start": "00:11:07", "end": "00:11:12", "text": "finish up,"}, {"start": "00:11:09", "end": "00:11:13", "text": "uh, the Clarity Act. I haven't covered"}, {"start": "00:11:12", "end": "00:11:17", "text": "this on the channel that much because I"}, {"start": "00:11:13", "end": "00:11:20", "text": "have very low expectations for this to"}, {"start": "00:11:17", "end": "00:11:23", "text": "actually pass, but I do appreciate Senh"}, {"start": "00:11:20", "end": "00:11:24", "text": "Senator Lumis from Wyoming putting this"}, {"start": "00:11:23", "end": "00:11:26", "text": "information out there and really trying"}, {"start": "00:11:24", "end": "00:11:28", "text": "hard. I really got to give it to her for"}, {"start": "00:11:26", "end": "00:11:30", "text": "this one. I think the banks are going to"}, {"start": "00:11:28", "end": "00:11:32", "text": "beat her, but you know, I've been wrong"}, {"start": "00:11:30", "end": "00:11:34", "text": "before. And the thing that she says here"}, {"start": "00:11:32", "end": "00:11:36", "text": "is is this is fantastic. The Clarity Act"}, {"start": "00:11:34", "end": "00:11:39", "text": "delivers $150 million for law"}, {"start": "00:11:36", "end": "00:11:42", "text": "enforcement to track down scammers and"}, {"start": "00:11:39", "end": "00:11:44", "text": "bad actors, digital asset space. This is"}, {"start": "00:11:42", "end": "00:11:45", "text": "great. I am tired of getting email after"}, {"start": "00:11:44", "end": "00:11:48", "text": "email after email for people getting"}, {"start": "00:11:45", "end": "00:11:51", "text": "ripped off and losing their entire life"}, {"start": "00:11:48", "end": "00:11:54", "text": "savings or a big chunk of that. So, uh,"}, {"start": "00:11:51", "end": "00:11:56", "text": "Senator Lumus, thank you for trying to"}, {"start": "00:11:54", "end": "00:11:59", "text": "push this Clarity Act. Maybe you could"}, {"start": "00:11:56", "end": "00:12:01", "text": "beat down the dirt dirt bagers that are"}, {"start": "00:11:59", "end": "00:12:03", "text": "trying to crush this one. And I think"}, {"start": "00:12:01", "end": "00:12:06", "text": "$150 million for law enforcement to"}, {"start": "00:12:03", "end": "00:12:08", "text": "track things down is a big thing. If you"}, {"start": "00:12:06", "end": "00:12:10", "text": "have lost any money, please put that in"}, {"start": "00:12:08", "end": "00:12:13", "text": "the comments section and tell me what"}, {"start": "00:12:10", "end": "00:12:15", "text": "the heck happened and how much help you"}, {"start": "00:12:13", "end": "00:12:17", "text": "got because I guarantee you didn't get"}, {"start": "00:12:15", "end": "00:12:19", "text": "squat."}, {"start": "00:12:17", "end": "00:12:21", "text": "And"}, {"start": "00:12:19", "end": "00:12:25", "text": "because of that, I have to always remind"}, {"start": "00:12:21", "end": "00:12:28", "text": "you trying to be a a righteous steward"}, {"start": "00:12:25", "end": "00:12:31", "text": "and point you in the right direction."}, {"start": "00:12:28", "end": "00:12:33", "text": "I hate hackers."}, {"start": "00:12:31", "end": "00:12:36", "text": "If you could just get a tandem or a"}, {"start": "00:12:33", "end": "00:12:39", "text": "ledger or do what I do, use all three,"}, {"start": "00:12:36", "end": "00:12:41", "text": "which is I trust and you can use that"}, {"start": "00:12:39", "end": "00:12:44", "text": "for your"}, {"start": "00:12:41", "end": "00:12:46", "text": "ability to take things off of exchanges,"}, {"start": "00:12:44", "end": "00:12:48", "text": "which I hate anyhow. And you can keep it"}, {"start": "00:12:46", "end": "00:12:50", "text": "for yourself and not get ripped off."}, {"start": "00:12:48", "end": "00:12:54", "text": "That would be fantastic. And again, I"}, {"start": "00:12:50", "end": "00:12:55", "text": "really do like itrusts. I just had to"}, {"start": "00:12:54", "end": "00:12:57", "text": "get some funds out a month ago or so,"}, {"start": "00:12:55", "end": "00:12:58", "text": "and it was a big pain in the you know"}, {"start": "00:12:57", "end": "00:13:01", "text": "how important that is if you're a"}, {"start": "00:12:58", "end": "00:13:04", "text": "hacker. makes things a lot easier. And"}, {"start": "00:13:01", "end": "00:13:06", "text": "lastly, uh if you have orange pill"}, {"start": "00:13:04", "end": "00:13:09", "text": "anybody, just as a reminder, it's your"}, {"start": "00:13:06", "end": "00:13:11", "text": "responsibility to make sure that they"}, {"start": "00:13:09", "end": "00:13:12", "text": "don't get screwed over. So, you can"}, {"start": "00:13:11", "end": "00:13:14", "text": "either explain to them about cold"}, {"start": "00:13:12", "end": "00:13:16", "text": "storage and how that works and seed"}, {"start": "00:13:14", "end": "00:13:18", "text": "phrases and everything else. Good luck."}, {"start": "00:13:16", "end": "00:13:20", "text": "Or just give them over to its link in"}, {"start": "00:13:18", "end": "00:13:23", "text": "the description. There's a phone number"}, {"start": "00:13:20", "end": "00:13:25", "text": "you can call. It's right there. You can"}, {"start": "00:13:23", "end": "00:13:26", "text": "talk to somebody live. And then also you"}, {"start": "00:13:25", "end": "00:13:28", "text": "just say, \"Ah, I'll just put it in a"}, {"start": "00:13:26", "end": "00:13:31", "text": "I'll just put in my uh safety deposit"}, {"start": "00:13:28", "end": "00:13:34", "text": "box in my bank.\" As a reminder,"}, {"start": "00:13:31", "end": "00:13:36", "text": "nothing's 100% guaranteed. Anyh who, it"}, {"start": "00:13:34", "end": "00:13:40", "text": "lastly, before we get into the little"}, {"start": "00:13:36", "end": "00:13:42", "text": "Q&A, I'm uh going to step down from X."}, {"start": "00:13:40", "end": "00:13:44", "text": "And the reason why I'm stepping down"}, {"start": "00:13:42", "end": "00:13:46", "text": "from X is not because like someone goes,"}, {"start": "00:13:44", "end": "00:13:48", "text": "\"Oh, you know, Rob, it's okay. Don't"}, {"start": "00:13:46", "end": "00:13:51", "text": "don't let the uh what do they call them?"}, {"start": "00:13:48", "end": "00:13:53", "text": "Don't let the trolls get you.\" Like, I"}, {"start": "00:13:51", "end": "00:13:55", "text": "don't care about the trolls. there's"}, {"start": "00:13:53", "end": "00:13:56", "text": "they're the most entertaining part of X."}, {"start": "00:13:55", "end": "00:13:58", "text": "No, the problem with why I'm stepping"}, {"start": "00:13:56", "end": "00:14:00", "text": "down from X is because it's a big time"}, {"start": "00:13:58", "end": "00:14:03", "text": "suck and it just wastes my time. It's"}, {"start": "00:14:00", "end": "00:14:05", "text": "just wasting time every time. And I've"}, {"start": "00:14:03", "end": "00:14:06", "text": "got no problems with with wasting time"}, {"start": "00:14:05", "end": "00:14:10", "text": "sometimes, but I got a lot of things to"}, {"start": "00:14:06", "end": "00:14:12", "text": "do. First of all, as you know, I have a"}, {"start": "00:14:10", "end": "00:14:14", "text": "second channel and I'm helping other"}, {"start": "00:14:12", "end": "00:14:18", "text": "businesses grow"}, {"start": "00:14:14", "end": "00:14:21", "text": "internally using AI. And right now, I'm"}, {"start": "00:14:18", "end": "00:14:23", "text": "using Dr. Dr. Esrius here in El Paso as"}, {"start": "00:14:21", "end": "00:14:26", "text": "he helped me with my back because I had"}, {"start": "00:14:23", "end": "00:14:28", "text": "a herniated disc and he used ozone"}, {"start": "00:14:26", "end": "00:14:30", "text": "therapy and also peptides and we're"}, {"start": "00:14:28", "end": "00:14:32", "text": "going to be pushing that narrative"}, {"start": "00:14:30", "end": "00:14:33", "text": "because I think it's a important thing"}, {"start": "00:14:32", "end": "00:14:35", "text": "especially for anybody who has"}, {"start": "00:14:33", "end": "00:14:38", "text": "fibromyalgia, chronic pain, chronic"}, {"start": "00:14:35", "end": "00:14:40", "text": "issues, chronic disease process. This is"}, {"start": "00:14:38", "end": "00:14:42", "text": "some an alternative therapy. So, we're"}, {"start": "00:14:40", "end": "00:14:45", "text": "using AI to push that thing. And also on"}, {"start": "00:14:42", "end": "00:14:48", "text": "top of that, I also have been using AI"}, {"start": "00:14:45", "end": "00:14:49", "text": "for my uh short-term rentals. I mean,"}, {"start": "00:14:48", "end": "00:14:52", "text": "look at that. Beautiful. And it's so"}, {"start": "00:14:49", "end": "00:14:54", "text": "easy. If you've got a website and you"}, {"start": "00:14:52", "end": "00:14:56", "text": "have a business, I don't know why you're"}, {"start": "00:14:54", "end": "00:14:58", "text": "paying for hosting. You don't need to."}, {"start": "00:14:56", "end": "00:15:00", "text": "You know how much this costs me? 50"}, {"start": "00:14:58", "end": "00:15:02", "text": "cents a month. And the reason why is"}, {"start": "00:15:00", "end": "00:15:04", "text": "because Claude makes it all happen. I"}, {"start": "00:15:02", "end": "00:15:06", "text": "did that here on my website. I did it on"}, {"start": "00:15:04", "end": "00:15:10", "text": "the nonprofit organization in Puerto"}, {"start": "00:15:06", "end": "00:15:12", "text": "Rico on their amigos do males. And then"}, {"start": "00:15:10", "end": "00:15:14", "text": "also, I just did this on my wife's uh"}, {"start": "00:15:12", "end": "00:15:18", "text": "well, this isn't"}, {"start": "00:15:14", "end": "00:15:21", "text": "per se. She was using um"}, {"start": "00:15:18", "end": "00:15:24", "text": "a platform that allows for uh rentals to"}, {"start": "00:15:21", "end": "00:15:27", "text": "be documented as far as like how much is"}, {"start": "00:15:24", "end": "00:15:29", "text": "actually being put in and uh she was"}, {"start": "00:15:27", "end": "00:15:31", "text": "paying, you know, so much per month. And"}, {"start": "00:15:29", "end": "00:15:32", "text": "I was like, why are you doing that?"}, {"start": "00:15:31", "end": "00:15:34", "text": "That's an app that's you don't have to"}, {"start": "00:15:32", "end": "00:15:36", "text": "pay for. Let's just run it through"}, {"start": "00:15:34", "end": "00:15:38", "text": "Claude. And then Claude did it. And then"}, {"start": "00:15:36", "end": "00:15:40", "text": "Claude did it and made it accessible via"}, {"start": "00:15:38", "end": "00:15:43", "text": "the internet. And now we have a fully"}, {"start": "00:15:40", "end": "00:15:45", "text": "functioning uh app just like that. And"}, {"start": "00:15:43", "end": "00:15:47", "text": "I'm like, why the hell are people paying"}, {"start": "00:15:45", "end": "00:15:48", "text": "for these things? Probably because they"}, {"start": "00:15:47", "end": "00:15:50", "text": "don't know how to do it. Anyhow, so we"}, {"start": "00:15:48", "end": "00:15:52", "text": "did that and then of course I'm doing my"}, {"start": "00:15:50", "end": "00:15:54", "text": "uh second channel which is DNE where I"}, {"start": "00:15:52", "end": "00:15:56", "text": "talk about how I do these things, how"}, {"start": "00:15:54", "end": "00:15:58", "text": "you can have essentially a website for"}, {"start": "00:15:56", "end": "00:16:00", "text": "free, how it actually works, how to use"}, {"start": "00:15:58", "end": "00:16:02", "text": "it in like you know main function or"}, {"start": "00:16:00", "end": "00:16:04", "text": "just like an everyday use case for AI"}, {"start": "00:16:02", "end": "00:16:06", "text": "and then also and why I need to get into"}, {"start": "00:16:04", "end": "00:16:08", "text": "this is uh AI as far as an investment"}, {"start": "00:16:06", "end": "00:16:10", "text": "thesis and with the different companies"}, {"start": "00:16:08", "end": "00:16:12", "text": "that I've gotten into. So, we're doing"}, {"start": "00:16:10", "end": "00:16:15", "text": "all these things and I just don't have"}, {"start": "00:16:12", "end": "00:16:17", "text": "time for X. It's just like a waste of"}, {"start": "00:16:15", "end": "00:16:19", "text": "time. It's not a waste of time. It's a"}, {"start": "00:16:17", "end": "00:16:22", "text": "Damn, it is a waste of time. And because"}, {"start": "00:16:19", "end": "00:16:25", "text": "of that, like I got so many things going"}, {"start": "00:16:22", "end": "00:16:28", "text": "on and I just see like this is something"}, {"start": "00:16:25", "end": "00:16:30", "text": "I need to focus on more so than going"}, {"start": "00:16:28", "end": "00:16:31", "text": "into X and doing some mess posting."}, {"start": "00:16:30", "end": "00:16:33", "text": "That's it for today. So, look, like"}, {"start": "00:16:31", "end": "00:16:34", "text": "today's video, give it a thumbs up,"}, {"start": "00:16:33", "end": "00:16:36", "text": "consider subscribing. Everything we talk"}, {"start": "00:16:34", "end": "00:16:39", "text": "about is timesensitive. Now, let's get"}, {"start": "00:16:36", "end": "00:16:43", "text": "into a little Q&A and uh we'll"}, {"start": "00:16:39", "end": "00:16:45", "text": "answer all your questions. Let's see."}, {"start": "00:16:43", "end": "00:16:47", "text": "First, it's Charles Oz leave X and now"}, {"start": "00:16:45", "end": "00:16:49", "text": "Rob is not I don't know why Charles is"}, {"start": "00:16:47", "end": "00:16:52", "text": "leaving. I have no idea. But uh for me"}, {"start": "00:16:49", "end": "00:16:53", "text": "it's just like when I go there like you"}, {"start": "00:16:52", "end": "00:16:57", "text": "you get kind of sucked into it and then"}, {"start": "00:16:53", "end": "00:16:59", "text": "like my feed is like nothing but like"}, {"start": "00:16:57", "end": "00:17:01", "text": "the"}, {"start": "00:16:59", "end": "00:17:03", "text": "worst stories of things that are"}, {"start": "00:17:01", "end": "00:17:05", "text": "happening in in Europe and animal"}, {"start": "00:17:03", "end": "00:17:07", "text": "cruelty and just negative stuff that I'm"}, {"start": "00:17:05", "end": "00:17:09", "text": "like damn I and of course you got to"}, {"start": "00:17:07", "end": "00:17:13", "text": "answer these things and like I'm just"}, {"start": "00:17:09", "end": "00:17:16", "text": "like this is just a waste of time. Yeah."}, {"start": "00:17:13", "end": "00:17:17", "text": "Don't freight on X. You'll be just fine."}, {"start": "00:17:16", "end": "00:17:18", "text": "Like X is an entertaining place. It's"}, {"start": "00:17:17", "end": "00:17:20", "text": "just that like before you know it,"}, {"start": "00:17:18", "end": "00:17:22", "text": "you're like, \"Damn, I was wasted an hour"}, {"start": "00:17:20", "end": "00:17:26", "text": "doom scrolling.\""}, {"start": "00:17:22", "end": "00:17:29", "text": "Yeah. Time sync, right? Exactly."}, {"start": "00:17:26", "end": "00:17:31", "text": "I I agree. Thank you, Jimmy. Crush the"}, {"start": "00:17:29", "end": "00:17:33", "text": "likes. Nice button. Got rid of X years"}, {"start": "00:17:31", "end": "00:17:35", "text": "ago. You know, the problem with X,"}, {"start": "00:17:33", "end": "00:17:37", "text": "though, is that it has all the great"}, {"start": "00:17:35", "end": "00:17:40", "text": "information about what's going on at"}, {"start": "00:17:37", "end": "00:17:42", "text": "that moment. It's pretty cool. But uh"}, {"start": "00:17:40", "end": "00:17:45", "text": "you know like I said like I I find"}, {"start": "00:17:42", "end": "00:17:47", "text": "myself I've got six projects open right"}, {"start": "00:17:45", "end": "00:17:49", "text": "now and I find myself like not having"}, {"start": "00:17:47", "end": "00:17:51", "text": "enough time for them. And then you know"}, {"start": "00:17:49", "end": "00:17:52", "text": "you want to try to stay in shape and"}, {"start": "00:17:51", "end": "00:17:54", "text": "then you want to you know make sure you"}, {"start": "00:17:52", "end": "00:17:56", "text": "pay attention to your family so they"}, {"start": "00:17:54", "end": "00:18:00", "text": "don't leave you that type of thing. And"}, {"start": "00:17:56", "end": "00:18:03", "text": "I get so like tunnel vision in work that"}, {"start": "00:18:00", "end": "00:18:05", "text": "I just forget everything and I can't do"}, {"start": "00:18:03", "end": "00:18:08", "text": "that."}, {"start": "00:18:05", "end": "00:18:11", "text": "Yeah. No, it's it's it's not the rage"}, {"start": "00:18:08", "end": "00:18:12", "text": "bait. The rage bait is fine. It's the um"}, {"start": "00:18:11", "end": "00:18:14", "text": "it's like just going in there and doom"}, {"start": "00:18:12", "end": "00:18:17", "text": "scrolling and like answering things and"}, {"start": "00:18:14", "end": "00:18:18", "text": "then making funny jokes and and uh"}, {"start": "00:18:17", "end": "00:18:20", "text": "making the most off-the-wall comments,"}, {"start": "00:18:18", "end": "00:18:24", "text": "which is fun, but again, it's like it's"}, {"start": "00:18:20", "end": "00:18:27", "text": "just too much. Uh see next years go"}, {"start": "00:18:24", "end": "00:18:29", "text": "leave an X."}, {"start": "00:18:27", "end": "00:18:30", "text": "Yeah, and Steo is right. There's a lot"}, {"start": "00:18:29", "end": "00:18:32", "text": "of garbage in X, but it's also usually"}, {"start": "00:18:30", "end": "00:18:34", "text": "where news breaks. And he's 100%"}, {"start": "00:18:32", "end": "00:18:36", "text": "correct."}, {"start": "00:18:34", "end": "00:18:40", "text": "Sue,"}, {"start": "00:18:36", "end": "00:18:40", "text": "anybody got a question?"}, {"start": "00:18:40", "end": "00:18:45", "text": "Can Can Claude create a filter for toxic"}, {"start": "00:18:43", "end": "00:18:46", "text": "post? You can actually there there's a"}, {"start": "00:18:45", "end": "00:18:49", "text": "setting in there actually there's a"}, {"start": "00:18:46", "end": "00:18:53", "text": "actually to make it it's quite simple."}, {"start": "00:18:49", "end": "00:18:53", "text": "You I'll show you"}, {"start": "00:18:55", "end": "00:19:01", "text": "share. Don't leave me."}, {"start": "00:18:58", "end": "00:19:03", "text": "Well, here let's go. Let's go find"}, {"start": "00:19:01", "end": "00:19:05", "text": "something. What's this? See, look at me."}, {"start": "00:19:03", "end": "00:19:07", "text": "I'm already doom scrolling. Space X"}, {"start": "00:19:05", "end": "00:19:10", "text": "require cursor. I didn't know that. Elon"}, {"start": "00:19:07", "end": "00:19:13", "text": "Musk. Dudes posting their W's. Oh, this"}, {"start": "00:19:10", "end": "00:19:15", "text": "guy's really funny. And see, but like if"}, {"start": "00:19:13", "end": "00:19:17", "text": "you do three three dots and say not"}, {"start": "00:19:15", "end": "00:19:19", "text": "interested in this post, the one right"}, {"start": "00:19:17", "end": "00:19:21", "text": "here, uh, then it won't show you those"}, {"start": "00:19:19", "end": "00:19:23", "text": "types of things, right? So, that's one"}, {"start": "00:19:21", "end": "00:19:25", "text": "way to do it. And then there's also like"}, {"start": "00:19:23", "end": "00:19:28", "text": "a snooze button, which they just rolled"}, {"start": "00:19:25", "end": "00:19:28", "text": "out."}, {"start": "00:19:29", "end": "00:19:33", "text": "Yeah. All right, everybody. That's it"}, {"start": "00:19:31", "end": "00:19:34", "text": "for today. If you like today's video,"}, {"start": "00:19:33", "end": "00:19:36", "text": "thumbs up, subscribe, all the great"}, {"start": "00:19:34", "end": "00:19:39", "text": "stuff. If you want to watch that video"}, {"start": "00:19:36", "end": "00:19:41", "text": "on uh ozone therapy and peptides, trust"}, {"start": "00:19:39", "end": "00:19:42", "text": "me, probably want to take a look at"}, {"start": "00:19:41", "end": "00:19:45", "text": "that, especially if you have any kind of"}, {"start": "00:19:42", "end": "00:19:46", "text": "pain in your life. Check that out. And"}, {"start": "00:19:45", "end": "00:19:48", "text": "then the second channel, I got to go do"}, {"start": "00:19:46", "end": "00:19:49", "text": "some stuff on that. That's it for today."}, {"start": "00:19:48", "end": "00:19:52", "text": "Thanks much everybody. See you in the"}, {"start": "00:19:49", "end": "00:19:52", "text": "next one."}]

[{"start": "00:00:01", "end": "00:00:04", "text": "All right, everybody. Welcome to the"}, {"start": "00:00:02", "end": "00:00:05", "text": "live stream for Monday. I've got a"}, {"start": "00:00:04", "end": "00:00:07", "text": "special guest. I don't know if you guys"}, {"start": "00:00:05", "end": "00:00:09", "text": "have ever seen this guy. His name is"}, {"start": "00:00:07", "end": "00:00:11", "text": "Ivan from Ivan on Tech. Ivan, welcome"}, {"start": "00:00:09", "end": "00:00:12", "text": "back to the show for the second or third"}, {"start": "00:00:11", "end": "00:00:14", "text": "time."}, {"start": "00:00:12", "end": "00:00:16", "text": ">> It's the third. He's the third."}, {"start": "00:00:14", "end": "00:00:17", "text": "Actually, if you share my screen, uh"}, {"start": "00:00:16", "end": "00:00:20", "text": "let's show the other two times because"}, {"start": "00:00:17", "end": "00:00:21", "text": "it's been very fun to to come back here."}, {"start": "00:00:20", "end": "00:00:25", "text": "And"}, {"start": "00:00:21", "end": "00:00:26", "text": ">> let's see. One sec. One second."}, {"start": "00:00:25", "end": "00:00:27", "text": ">> Beautiful."}, {"start": "00:00:26", "end": "00:00:29", "text": ">> Yeah. Look at this beautiful thumbnail"}, {"start": "00:00:27", "end": "00:00:32", "text": "that I made. Yeah, you're very very"}, {"start": "00:00:29", "end": "00:00:35", "text": "artistic person. So this is the third"}, {"start": "00:00:32", "end": "00:00:38", "text": "time we actually do it. Um the first"}, {"start": "00:00:35", "end": "00:00:40", "text": "time we said to be risk off, be careful,"}, {"start": "00:00:38", "end": "00:00:42", "text": "be super careful. This was five months"}, {"start": "00:00:40", "end": "00:00:46", "text": "ago. This was yeah like beginning of the"}, {"start": "00:00:42", "end": "00:00:48", "text": "year. Uh next we also said be careful."}, {"start": "00:00:46", "end": "00:00:51", "text": "This is not the time to to be super"}, {"start": "00:00:48", "end": "00:00:53", "text": "bullish yet. And now it is the third"}, {"start": "00:00:51", "end": "00:00:55", "text": "time and things have actually changed a"}, {"start": "00:00:53", "end": "00:00:56", "text": "bit. We're going to be going into the"}, {"start": "00:00:55", "end": "00:00:58", "text": "charts and discussing, but it's good"}, {"start": "00:00:56", "end": "00:01:00", "text": "that we we go through the cycle and we"}, {"start": "00:00:58", "end": "00:01:02", "text": "check in every few months and check on"}, {"start": "00:01:00", "end": "00:01:04", "text": "the process of the of the cycle. So,"}, {"start": "00:01:02", "end": "00:01:05", "text": "yeah, good to be back here, Rob."}, {"start": "00:01:04", "end": "00:01:07", "text": ">> Yeah, this is a good one and it's a good"}, {"start": "00:01:05", "end": "00:01:09", "text": "it's a good reminder especially because"}, {"start": "00:01:07", "end": "00:01:10", "text": "people look at this and they go, \"Okay,"}, {"start": "00:01:09", "end": "00:01:12", "text": "we've got a lot of bullishness coming in"}, {"start": "00:01:10", "end": "00:01:15", "text": "there.\" You know, we've just got uh"}, {"start": "00:01:12", "end": "00:01:16", "text": "Donald J. Donald J. DJT, Donald J."}, {"start": "00:01:15", "end": "00:01:18", "text": "Trump, the president of the United"}, {"start": "00:01:16", "end": "00:01:21", "text": "States just declared victory for the"}, {"start": "00:01:18", "end": "00:01:24", "text": "37th time against Iran. So of course"}, {"start": "00:01:21", "end": "00:01:26", "text": "because of that uh the we just added a"}, {"start": "00:01:24", "end": "00:01:29", "text": "trillion dollars into the uh US stock"}, {"start": "00:01:26", "end": "00:01:31", "text": "market. So everybody's super duper happy"}, {"start": "00:01:29", "end": "00:01:33", "text": "and I can understand of course why they"}, {"start": "00:01:31", "end": "00:01:34", "text": "are. But before we get into it, there's"}, {"start": "00:01:33", "end": "00:01:35", "text": "a link in the description. If you don't"}, {"start": "00:01:34", "end": "00:01:38", "text": "follow Ivan, you definitely should."}, {"start": "00:01:35", "end": "00:01:40", "text": "There's some good information and I"}, {"start": "00:01:38", "end": "00:01:42", "text": "think we just go into it. Ivan, today"}, {"start": "00:01:40", "end": "00:01:45", "text": "you talked about the Iran peace deal and"}, {"start": "00:01:42", "end": "00:01:46", "text": "a bullish reversal and it looks pretty"}, {"start": "00:01:45", "end": "00:01:48", "text": "darn bullish for what we have. And we"}, {"start": "00:01:46", "end": "00:01:49", "text": "take a look at uh of course our"}, {"start": "00:01:48", "end": "00:01:52", "text": "portfolio which is the most important"}, {"start": "00:01:49", "end": "00:01:54", "text": "thing. Numbers go up. I'm in it for the"}, {"start": "00:01:52", "end": "00:01:55", "text": "tech. Not really. We can see that"}, {"start": "00:01:54", "end": "00:01:59", "text": "there's some really good price"}, {"start": "00:01:55", "end": "00:02:01", "text": "appreciation happening. But again,"}, {"start": "00:01:59", "end": "00:02:04", "text": "a trillion dollars added to the US stock"}, {"start": "00:02:01", "end": "00:02:08", "text": "market is a pretty big thing. Have we"}, {"start": "00:02:04", "end": "00:02:09", "text": "switched gears? Is this the time?"}, {"start": "00:02:08", "end": "00:02:11", "text": ">> Yeah. So, let's start with the stock"}, {"start": "00:02:09", "end": "00:02:14", "text": "market as you mentioned it. If you pull"}, {"start": "00:02:11", "end": "00:02:16", "text": "up the chart, so if you look at any"}, {"start": "00:02:14", "end": "00:02:17", "text": "chart um and if you you're watching my"}, {"start": "00:02:16", "end": "00:02:19", "text": "channel and if you've been part of our"}, {"start": "00:02:17", "end": "00:02:21", "text": "community, you know that we uh follow"}, {"start": "00:02:19", "end": "00:02:23", "text": "trends. So when the trend is bullish,"}, {"start": "00:02:21", "end": "00:02:26", "text": "we're bullish. So NASDAQ has actually"}, {"start": "00:02:23", "end": "00:02:30", "text": "been bullish since uh midappril. S&P has"}, {"start": "00:02:26", "end": "00:02:31", "text": "been bullish also since uh midappril. So"}, {"start": "00:02:30", "end": "00:02:34", "text": "they just continue what they've been"}, {"start": "00:02:31", "end": "00:02:36", "text": "doing for the past uh two months. So"}, {"start": "00:02:34", "end": "00:02:38", "text": "nothing too crazy has happened. They"}, {"start": "00:02:36", "end": "00:02:41", "text": "just do what they are basically supposed"}, {"start": "00:02:38", "end": "00:02:43", "text": "to do in the in the bull trend. So when"}, {"start": "00:02:41", "end": "00:02:45", "text": "you have momentum, when you have uh"}, {"start": "00:02:43", "end": "00:02:48", "text": "higher highs and higher lows, it's just"}, {"start": "00:02:45", "end": "00:02:49", "text": "more likely that it will continue to do"}, {"start": "00:02:48", "end": "00:02:51", "text": "so. That's why, you know, sometimes"}, {"start": "00:02:49", "end": "00:02:53", "text": "people say the the best time to buy is"}, {"start": "00:02:51", "end": "00:02:55", "text": "at the top because if it goes to alltime"}, {"start": "00:02:53", "end": "00:02:56", "text": "high, the likelihood of continuation is"}, {"start": "00:02:55", "end": "00:02:58", "text": "big. Now, it's the likelihood. It's"}, {"start": "00:02:56", "end": "00:03:00", "text": "never a certainty. It can at some point"}, {"start": "00:02:58", "end": "00:03:03", "text": "we have the cycle peak and then it goes"}, {"start": "00:03:00", "end": "00:03:04", "text": "down 80% like it's been doing in many"}, {"start": "00:03:03", "end": "00:03:08", "text": "cases with Bitcoin, which will we will"}, {"start": "00:03:04", "end": "00:03:11", "text": "soon get into into Bitcoin. So uh yeah"}, {"start": "00:03:08", "end": "00:03:13", "text": "S&P NASDAQ they've been super super"}, {"start": "00:03:11", "end": "00:03:15", "text": "bullish and many people have been asking"}, {"start": "00:03:13", "end": "00:03:17", "text": "but Ivan or probably have been asking"}, {"start": "00:03:15", "end": "00:03:20", "text": "you as well Rob what about the AI bubble"}, {"start": "00:03:17", "end": "00:03:23", "text": "is there AI bubble happening and as"}, {"start": "00:03:20", "end": "00:03:24", "text": "always there may be some bubble but for"}, {"start": "00:03:23", "end": "00:03:27", "text": "us it's it's not really relevant as long"}, {"start": "00:03:24", "end": "00:03:28", "text": "as the trend is up why because it's"}, {"start": "00:03:27", "end": "00:03:30", "text": "impossible to know when it's going to"}, {"start": "00:03:28", "end": "00:03:31", "text": "pop. Is it gonna pop now or is it going"}, {"start": "00:03:30", "end": "00:03:34", "text": "to double before or we're going to go"}, {"start": "00:03:31", "end": "00:03:36", "text": "maybe to 10k for S&P before something"}, {"start": "00:03:34", "end": "00:03:39", "text": "happens? And as you can see this uh this"}, {"start": "00:03:36", "end": "00:03:42", "text": "uh trend follows and uh the higher we go"}, {"start": "00:03:39", "end": "00:03:45", "text": "the higher is the flip uh to to bear. So"}, {"start": "00:03:42", "end": "00:03:49", "text": "now for example should we go below uh"}, {"start": "00:03:45", "end": "00:03:51", "text": "7.1K on S&P uh that would actually be"}, {"start": "00:03:49", "end": "00:03:53", "text": "the the bare trend for it and we would"}, {"start": "00:03:51", "end": "00:03:55", "text": "be risk off and uh then we would be"}, {"start": "00:03:53", "end": "00:03:58", "text": "weighing the reality of a potential a"}, {"start": "00:03:55", "end": "00:04:01", "text": "bubble more but until that happens it's"}, {"start": "00:03:58", "end": "00:04:03", "text": "not relevant to discuss the a bubble or"}, {"start": "00:04:01", "end": "00:04:06", "text": "any other kind of bearish thing because"}, {"start": "00:04:03", "end": "00:04:08", "text": "more people lose money by being too"}, {"start": "00:04:06", "end": "00:04:10", "text": "careful and too too cautious that great"}, {"start": "00:04:08", "end": "00:04:11", "text": "collapse is coming great recession stock"}, {"start": "00:04:10", "end": "00:04:13", "text": "market's going to collapse dollar is"}, {"start": "00:04:11", "end": "00:04:15", "text": "going to go to zero."}, {"start": "00:04:13", "end": "00:04:18", "text": "more money is lost being this uh this"}, {"start": "00:04:15", "end": "00:04:20", "text": "bare and careful and uh and super"}, {"start": "00:04:18", "end": "00:04:22", "text": "riskoff than to just follow the trend."}, {"start": "00:04:20", "end": "00:04:24", "text": "So, but for the stock market we're uh I"}, {"start": "00:04:22", "end": "00:04:27", "text": "mean we're super bull since uh since"}, {"start": "00:04:24", "end": "00:04:29", "text": "that bull trend started in April and"}, {"start": "00:04:27", "end": "00:04:31", "text": "earlier this year the stock market did"}, {"start": "00:04:29", "end": "00:04:33", "text": "have quite a big fall. So here we were"}, {"start": "00:04:31", "end": "00:04:34", "text": "careful and we were riskoff here for a"}, {"start": "00:04:33", "end": "00:04:36", "text": "few weeks. But as soon as the bull"}, {"start": "00:04:34", "end": "00:04:39", "text": "resumed we we also resumed. So in that"}, {"start": "00:04:36", "end": "00:04:41", "text": "sense our strategy is quite uh uh quite"}, {"start": "00:04:39", "end": "00:04:43", "text": "simple. I mean on my channel I say we're"}, {"start": "00:04:41", "end": "00:04:45", "text": "the most humble you know we're we're the"}, {"start": "00:04:43", "end": "00:04:48", "text": "most humble channel because we don't we"}, {"start": "00:04:45", "end": "00:04:51", "text": "don't pretend to to know things about"}, {"start": "00:04:48", "end": "00:04:52", "text": "you know the macro the macro this macro"}, {"start": "00:04:51", "end": "00:04:55", "text": "that we just look at the channel is"}, {"start": "00:04:52", "end": "00:04:57", "text": "super simple and and also when you look"}, {"start": "00:04:55", "end": "00:04:59", "text": "at the micro the latest thing is with"}, {"start": "00:04:57", "end": "00:05:00", "text": "Japan Japan is supposedly going to"}, {"start": "00:04:59", "end": "00:05:02", "text": "increase rates people are worried people"}, {"start": "00:05:00", "end": "00:05:04", "text": "are scared asking Ian what's going to"}, {"start": "00:05:02", "end": "00:05:07", "text": "happen Japan what's going to happen to"}, {"start": "00:05:04", "end": "00:05:08", "text": "the Japanese yen carrier trade is going"}, {"start": "00:05:07", "end": "00:05:11", "text": "to collapse but if you think about it"}, {"start": "00:05:08", "end": "00:05:12", "text": "for example with Japan this carry yen"}, {"start": "00:05:11", "end": "00:05:14", "text": "trade has been fed now for like two"}, {"start": "00:05:12", "end": "00:05:16", "text": "three years or something I don't even"}, {"start": "00:05:14", "end": "00:05:17", "text": "remember and trying and even if you're"}, {"start": "00:05:16", "end": "00:05:20", "text": "correct I mean let's say this Japan"}, {"start": "00:05:17", "end": "00:05:21", "text": "carry trade actually does blow up it"}, {"start": "00:05:20", "end": "00:05:24", "text": "still has taken so many years it may"}, {"start": "00:05:21", "end": "00:05:25", "text": "take another two three years so even if"}, {"start": "00:05:24", "end": "00:05:27", "text": "you're correct you're still wrong"}, {"start": "00:05:25", "end": "00:05:28", "text": "because it took like five years and the"}, {"start": "00:05:27", "end": "00:05:31", "text": "market is now completely different your"}, {"start": "00:05:28", "end": "00:05:33", "text": "your shitcoins went down 90% 80% and the"}, {"start": "00:05:31", "end": "00:05:36", "text": "stock market moved instead so that's"}, {"start": "00:05:33", "end": "00:05:37", "text": "with the stock market uh now we could go"}, {"start": "00:05:36", "end": "00:05:40", "text": "into Bitcoin or we could stay a bit on"}, {"start": "00:05:37", "end": "00:05:42", "text": "the stocks uh Robu what do you think is"}, {"start": "00:05:40", "end": "00:05:43", "text": "uh is the best for path forward?"}, {"start": "00:05:42", "end": "00:05:45", "text": ">> Well, first of all, let me let me just"}, {"start": "00:05:43", "end": "00:05:47", "text": "address what you talked about as far as"}, {"start": "00:05:45", "end": "00:05:50", "text": "like uh a humility and trends. Uh I got"}, {"start": "00:05:47", "end": "00:05:52", "text": "a friend over there, Wes over at Smart"}, {"start": "00:05:50", "end": "00:05:54", "text": "Money Tracking. He says the exact same"}, {"start": "00:05:52", "end": "00:05:55", "text": "things. He's doing pretty good with just"}, {"start": "00:05:54", "end": "00:05:58", "text": "following the trends and it makes it"}, {"start": "00:05:55", "end": "00:05:59", "text": "sense. And this is from from your"}, {"start": "00:05:58", "end": "00:06:00", "text": "information because I know like when"}, {"start": "00:05:59", "end": "00:06:02", "text": "you're talking about these things,"}, {"start": "00:06:00", "end": "00:06:03", "text": "people like I'm just blowing smoke. But"}, {"start": "00:06:02", "end": "00:06:05", "text": "I went through your program and one of"}, {"start": "00:06:03", "end": "00:06:07", "text": "the number one rules you has is you have"}, {"start": "00:06:05", "end": "00:06:09", "text": "some effing humility. You're not smarter"}, {"start": "00:06:07", "end": "00:06:11", "text": "than than than the market. The market"}, {"start": "00:06:09", "end": "00:06:13", "text": "knows what it is. And the coin is not"}, {"start": "00:06:11", "end": "00:06:15", "text": "overvalued. You don't know S. I always"}, {"start": "00:06:13", "end": "00:06:17", "text": "love this this part. This is what to do."}, {"start": "00:06:15", "end": "00:06:19", "text": "Be in bullish coins. Be out of bearish"}, {"start": "00:06:17", "end": "00:06:21", "text": "coins. And and you just talk about"}, {"start": "00:06:19", "end": "00:06:22", "text": "trendbased is better than predicting."}, {"start": "00:06:21", "end": "00:06:25", "text": "And I I think it's one of the things we"}, {"start": "00:06:22", "end": "00:06:27", "text": "talked about yesterday, me and Jerry,"}, {"start": "00:06:25", "end": "00:06:30", "text": "about, you know, we talked about time in"}, {"start": "00:06:27", "end": "00:06:32", "text": "the market is more important than timing"}, {"start": "00:06:30", "end": "00:06:33", "text": "the market, which is a very old adage,"}, {"start": "00:06:32", "end": "00:06:35", "text": "which of course Warren Buffett always"}, {"start": "00:06:33", "end": "00:06:36", "text": "talks about. And the reason we talked"}, {"start": "00:06:35", "end": "00:06:38", "text": "about this is because we take a look at"}, {"start": "00:06:36", "end": "00:06:39", "text": "some price action. Now, of course, if"}, {"start": "00:06:38", "end": "00:06:40", "text": "you're in it for the tech and and you're"}, {"start": "00:06:39", "end": "00:06:43", "text": "in it for the community, gotcha, you"}, {"start": "00:06:40", "end": "00:06:44", "text": "know, great, stick around. But I think"}, {"start": "00:06:43", "end": "00:06:46", "text": "for some of these times to really take a"}, {"start": "00:06:44", "end": "00:06:48", "text": "look at just the trends would have"}, {"start": "00:06:46", "end": "00:06:51", "text": "really been fantastic for a lot of"}, {"start": "00:06:48", "end": "00:06:52", "text": "people who are XRP, Cardono, Litecoin"}, {"start": "00:06:51", "end": "00:06:54", "text": "holders, and a ton of different altcoin"}, {"start": "00:06:52", "end": "00:06:58", "text": "holders. So, let's just really just"}, {"start": "00:06:54", "end": "00:07:00", "text": "quickly just go back to the the crypto"}, {"start": "00:06:58", "end": "00:07:02", "text": "market and what do you see right now as"}, {"start": "00:07:00", "end": "00:07:05", "text": "far as like bullish verse bearish types"}, {"start": "00:07:02", "end": "00:07:06", "text": "of trends especially for any kind of uh"}, {"start": "00:07:05", "end": "00:07:08", "text": "altcoin out there?"}, {"start": "00:07:06", "end": "00:07:11", "text": ">> Yeah, so let's start with BTC and then"}, {"start": "00:07:08", "end": "00:07:13", "text": "go into different altcoins. So, if you"}, {"start": "00:07:11", "end": "00:07:16", "text": "share my screen again, uh Bitcoin is"}, {"start": "00:07:13", "end": "00:07:18", "text": "still in a weekly bare trend and u on my"}, {"start": "00:07:16", "end": "00:07:20", "text": "channel, we've been speaking all along"}, {"start": "00:07:18", "end": "00:07:23", "text": "here that this pump right here during"}, {"start": "00:07:20", "end": "00:07:25", "text": "April and May is not real. It's uh it"}, {"start": "00:07:23", "end": "00:07:27", "text": "was very emotional pump if you remember"}, {"start": "00:07:25", "end": "00:07:30", "text": "here in May. Holy crap. I mean people"}, {"start": "00:07:27", "end": "00:07:32", "text": "people were emotional and it was it was"}, {"start": "00:07:30", "end": "00:07:33", "text": "crazy. It it got also very personal. I"}, {"start": "00:07:32", "end": "00:07:36", "text": "mean I know your friend Ben got got a"}, {"start": "00:07:33", "end": "00:07:39", "text": "bit of heat there. It was cra I mean"}, {"start": "00:07:36", "end": "00:07:42", "text": "people got super toxic, super emotional."}, {"start": "00:07:39", "end": "00:07:45", "text": "We said relax. Listen, relax is bare"}, {"start": "00:07:42", "end": "00:07:47", "text": "trend number one. We said that it's a"}, {"start": "00:07:45", "end": "00:07:49", "text": "high right here. It's a lower high and"}, {"start": "00:07:47", "end": "00:07:51", "text": "if we don't go above here it's just"}, {"start": "00:07:49", "end": "00:07:53", "text": "another lower high. And now when you"}, {"start": "00:07:51", "end": "00:07:55", "text": "zoom out and you actually see for see it"}, {"start": "00:07:53", "end": "00:07:58", "text": "for what it is, it looks so simple but"}, {"start": "00:07:55", "end": "00:08:00", "text": "it's not easy to live through week by"}, {"start": "00:07:58", "end": "00:08:02", "text": "week where you know Twitter the peer"}, {"start": "00:08:00", "end": "00:08:04", "text": "pressure has been quite insane. So uh"}, {"start": "00:08:02", "end": "00:08:06", "text": "this is another example where just"}, {"start": "00:08:04", "end": "00:08:08", "text": "following simple trend has paying off"}, {"start": "00:08:06", "end": "00:08:10", "text": "quite has been paying off quite nicely"}, {"start": "00:08:08", "end": "00:08:12", "text": "and we we have discussed a lot about the"}, {"start": "00:08:10", "end": "00:08:14", "text": "trend but there's another thing which is"}, {"start": "00:08:12", "end": "00:08:15", "text": "very important and that's the 200 week"}, {"start": "00:08:14", "end": "00:08:17", "text": "moving average. Ah yes"}, {"start": "00:08:15", "end": "00:08:19", "text": ">> or big assets like Bitcoin for example"}, {"start": "00:08:17", "end": "00:08:21", "text": "that are not going to go away that"}, {"start": "00:08:19", "end": "00:08:25", "text": "you're bullish on long-term if for"}, {"start": "00:08:21", "end": "00:08:27", "text": "example it is Bitcoin it is S&P it is"}, {"start": "00:08:25", "end": "00:08:29", "text": "gold it is uh I mean any other thing"}, {"start": "00:08:27", "end": "00:08:32", "text": "which you are very very convinced on"}, {"start": "00:08:29", "end": "00:08:35", "text": "long term buying around the 200E moving"}, {"start": "00:08:32", "end": "00:08:36", "text": "average is smart even if it's a a bad"}, {"start": "00:08:35", "end": "00:08:40", "text": "chance so let me show you an example"}, {"start": "00:08:36", "end": "00:08:42", "text": "here if we zoom out to the last cycle"}, {"start": "00:08:40", "end": "00:08:44", "text": "you see here that as soon as we reach"}, {"start": "00:08:42", "end": "00:08:45", "text": "the 200WE moving average I mean"}, {"start": "00:08:44", "end": "00:08:48", "text": "basically the bare market just chops."}, {"start": "00:08:45", "end": "00:08:49", "text": "Yeah, it did go a bit lower, but if you"}, {"start": "00:08:48", "end": "00:08:51", "text": "look at the big picture, doesn't really"}, {"start": "00:08:49", "end": "00:08:54", "text": "matter. That's why in my on my channel,"}, {"start": "00:08:51", "end": "00:08:56", "text": "I start to reprogram the mindset more"}, {"start": "00:08:54", "end": "00:08:58", "text": "and more towards bullish because we have"}, {"start": "00:08:56", "end": "00:09:01", "text": "reached the 200 week moving average now."}, {"start": "00:08:58", "end": "00:09:03", "text": "And at 200 week or below, Bitcoin is"}, {"start": "00:09:01", "end": "00:09:05", "text": "cheap even though we're we're still"}, {"start": "00:09:03", "end": "00:09:06", "text": "bearish. So, we do actually expect more"}, {"start": "00:09:05", "end": "00:09:09", "text": "downside. Uh it wouldn't surprise me if"}, {"start": "00:09:06", "end": "00:09:11", "text": "we go to 50, maybe even 40. But if you"}, {"start": "00:09:09", "end": "00:09:13", "text": "are accumulating for the long term,"}, {"start": "00:09:11", "end": "00:09:15", "text": "here's a good place to accumulate. Okay,"}, {"start": "00:09:13", "end": "00:09:19", "text": "a very very good place to accumulate."}, {"start": "00:09:15", "end": "00:09:21", "text": "Now, uh if you are more of a trader and"}, {"start": "00:09:19", "end": "00:09:22", "text": "you you you're not accumulating Bitcoin"}, {"start": "00:09:21", "end": "00:09:25", "text": "long-term, but you want to ride the next"}, {"start": "00:09:22", "end": "00:09:28", "text": "bull market, then I would say don't"}, {"start": "00:09:25", "end": "00:09:30", "text": "touch Bitcoin yet. Wait until it flips"}, {"start": "00:09:28", "end": "00:09:32", "text": "bullish. At this uh at this moment, it"}, {"start": "00:09:30", "end": "00:09:34", "text": "is at 84K, but each and every week this"}, {"start": "00:09:32", "end": "00:09:36", "text": "thing drops. So, you know, in a few"}, {"start": "00:09:34", "end": "00:09:39", "text": "weeks to go bullish, maybe it is 80K or"}, {"start": "00:09:36", "end": "00:09:40", "text": "75. The reason why if you are a trader"}, {"start": "00:09:39", "end": "00:09:43", "text": "and you want your capital to have"}, {"start": "00:09:40", "end": "00:09:45", "text": "maximum efficiency, you don't want to be"}, {"start": "00:09:43", "end": "00:09:47", "text": "accumulating in bare trend even at cheap"}, {"start": "00:09:45", "end": "00:09:49", "text": "is because you want capital efficiency."}, {"start": "00:09:47", "end": "00:09:51", "text": "You want to put your money to work and"}, {"start": "00:09:49", "end": "00:09:52", "text": "you have returns quick. And for that to"}, {"start": "00:09:51", "end": "00:09:54", "text": "happen, you need a bull trend. For"}, {"start": "00:09:52", "end": "00:09:57", "text": "example, here we turn bullish and it was"}, {"start": "00:09:54", "end": "00:09:59", "text": "uh Valhalla quite fast. Even though see"}, {"start": "00:09:57", "end": "00:10:00", "text": "that's why you know trading it's it's"}, {"start": "00:09:59", "end": "00:10:02", "text": "very personal like what works for you"}, {"start": "00:10:00", "end": "00:10:04", "text": "doesn't work for me. what works is like"}, {"start": "00:10:02", "end": "00:10:06", "text": "probably like weight loss or workouts or"}, {"start": "00:10:04", "end": "00:10:08", "text": "you know there is no one one size fits"}, {"start": "00:10:06", "end": "00:10:10", "text": "all. So for example here I would say it"}, {"start": "00:10:08", "end": "00:10:13", "text": "is quite smart to buy just like here was"}, {"start": "00:10:10", "end": "00:10:16", "text": "still smart to accumulate since like the"}, {"start": "00:10:13", "end": "00:10:18", "text": "20ks. Yes, we did go to 16 in the last"}, {"start": "00:10:16", "end": "00:10:20", "text": "bear but it was still smart. Was it"}, {"start": "00:10:18", "end": "00:10:22", "text": "smart if you are a trader to lose six"}, {"start": "00:10:20", "end": "00:10:23", "text": "months just chopping sideways? Maybe not"}, {"start": "00:10:22", "end": "00:10:26", "text": "really. It would be better to just buy"}, {"start": "00:10:23", "end": "00:10:29", "text": "here and and go and go up. So overall it"}, {"start": "00:10:26", "end": "00:10:32", "text": "is time to start become bullish and it's"}, {"start": "00:10:29", "end": "00:10:33", "text": "easy to do if you've been risk off since"}, {"start": "00:10:32", "end": "00:10:35", "text": "October like we have. If you've been"}, {"start": "00:10:33", "end": "00:10:37", "text": "looking at this bear for what it is"}, {"start": "00:10:35", "end": "00:10:39", "text": "which is bare which is down your"}, {"start": "00:10:37", "end": "00:10:41", "text": "altcoins losing 90%. Now it's easy to"}, {"start": "00:10:39", "end": "00:10:42", "text": "start to become bullish a bit and think"}, {"start": "00:10:41", "end": "00:10:44", "text": "about vice versa. Imagine you've been"}, {"start": "00:10:42", "end": "00:10:46", "text": "bull up until right now and only now you"}, {"start": "00:10:44", "end": "00:10:48", "text": "start to become a bit bare. It's it's"}, {"start": "00:10:46", "end": "00:10:50", "text": "very bad position to be in and that's"}, {"start": "00:10:48", "end": "00:10:52", "text": "why also many people when start time to"}, {"start": "00:10:50", "end": "00:10:55", "text": "start becoming bull they just became"}, {"start": "00:10:52", "end": "00:10:57", "text": "bare you know. So for them they got to"}, {"start": "00:10:55", "end": "00:10:58", "text": "be late to the next flip. So I think"}, {"start": "00:10:57", "end": "00:11:01", "text": "overall we're in a very good uh place"}, {"start": "00:10:58", "end": "00:11:02", "text": "here where Bitcoin is cheap 200 week and"}, {"start": "00:11:01", "end": "00:11:05", "text": "uh yeah if you are a trader wait for the"}, {"start": "00:11:02", "end": "00:11:07", "text": "bull flip on the on the weekly. If we"}, {"start": "00:11:05", "end": "00:11:09", "text": "are to go to some old coins let's check"}, {"start": "00:11:07", "end": "00:11:11", "text": "for example Solana. Solana is super"}, {"start": "00:11:09", "end": "00:11:13", "text": "interesting. It's one of the most"}, {"start": "00:11:11", "end": "00:11:17", "text": "interesting charts now with Sana because"}, {"start": "00:11:13", "end": "00:11:19", "text": "Sana it could go to 30."}, {"start": "00:11:17", "end": "00:11:21", "text": "It's a bit of a meme on my channel that"}, {"start": "00:11:19", "end": "00:11:25", "text": "because already in January already"}, {"start": "00:11:21", "end": "00:11:26", "text": "January we said it may go to 30 as"}, {"start": "00:11:25", "end": "00:11:28", "text": "always like I don't know if it's going"}, {"start": "00:11:26", "end": "00:11:30", "text": "to go to 30. I don't know but just based"}, {"start": "00:11:28", "end": "00:11:33", "text": "on it's a bare trend the fact that it"}, {"start": "00:11:30", "end": "00:11:36", "text": "went up so much here. It went up so much"}, {"start": "00:11:33", "end": "00:11:38", "text": "here without like any kind of uh cooling"}, {"start": "00:11:36", "end": "00:11:40", "text": "off. It just made sense to me to to do"}, {"start": "00:11:38", "end": "00:11:42", "text": "this uh call. I think we did it in"}, {"start": "00:11:40", "end": "00:11:44", "text": "January somewhere that it may go to 30"}, {"start": "00:11:42", "end": "00:11:46", "text": "now. It may not. If it doesn't go to 30,"}, {"start": "00:11:44", "end": "00:11:48", "text": "here's when I flip bullish Salana. If it"}, {"start": "00:11:46", "end": "00:11:50", "text": "goes bull trend at 93, I'm bullish"}, {"start": "00:11:48", "end": "00:11:51", "text": "Salana. Then instead of saying 30,"}, {"start": "00:11:50", "end": "00:11:53", "text": "you're going to hear me say it's going"}, {"start": "00:11:51", "end": "00:11:55", "text": "to go to 300. And then people are going"}, {"start": "00:11:53", "end": "00:11:56", "text": "to be But Ivan, you said 30. But that's"}, {"start": "00:11:55", "end": "00:11:58", "text": "the whole point, man. We're bearish when"}, {"start": "00:11:56", "end": "00:12:00", "text": "it's bearish and we're bullish when it's"}, {"start": "00:11:58", "end": "00:12:02", "text": "bullish. It's the whole point of trend"}, {"start": "00:12:00", "end": "00:12:04", "text": "following. I I I want to explain it in"}, {"start": "00:12:02", "end": "00:12:06", "text": "depth because some people they I I see"}, {"start": "00:12:04", "end": "00:12:07", "text": "they're confuser. But I you were bearish"}, {"start": "00:12:06", "end": "00:12:09", "text": "yesterday. Yeah, it was bare trend. Now"}, {"start": "00:12:07", "end": "00:12:10", "text": "it's bull trend. So now it's still bare"}, {"start": "00:12:09", "end": "00:12:12", "text": "trend, which means that I mean it's"}, {"start": "00:12:10", "end": "00:12:14", "text": "actually textbook. Everything is"}, {"start": "00:12:12", "end": "00:12:16", "text": "textbook here. Like it's SW is one of"}, {"start": "00:12:14", "end": "00:12:18", "text": "the easiest chart this bare market"}, {"start": "00:12:16", "end": "00:12:20", "text": "because it's bare trend. It just goes"}, {"start": "00:12:18", "end": "00:12:23", "text": "down. It had a consolidation here with a"}, {"start": "00:12:20", "end": "00:12:25", "text": "big support. It now broke the support"}, {"start": "00:12:23", "end": "00:12:27", "text": "potentially will retest it here at 80"}, {"start": "00:12:25", "end": "00:12:29", "text": "and if it gets rejected rejected guys"}, {"start": "00:12:27", "end": "00:12:31", "text": "yet next support is somewhere here at"}, {"start": "00:12:29", "end": "00:12:33", "text": "30. So let's see what Sana is going to"}, {"start": "00:12:31", "end": "00:12:35", "text": "do. I'm fine with either or. I'm fine"}, {"start": "00:12:33", "end": "00:12:36", "text": "with either buying at 30. That would be"}, {"start": "00:12:35", "end": "00:12:38", "text": "quite crazy. I mean if if we're going to"}, {"start": "00:12:36", "end": "00:12:40", "text": "go to 30 it would be quite crazy or I'm"}, {"start": "00:12:38", "end": "00:12:43", "text": "fine also buying at 93. We just were at"}, {"start": "00:12:40", "end": "00:12:46", "text": "93 and it will also be the bull flip for"}, {"start": "00:12:43", "end": "00:12:48", "text": "uh for uh for basically the longterm"}, {"start": "00:12:46", "end": "00:12:51", "text": "time frame weekly. It's uh it's"}, {"start": "00:12:48", "end": "00:12:52", "text": "fantastic. It's fantastic. So, and by"}, {"start": "00:12:51", "end": "00:12:54", "text": "the way, here's another lesson. Here's"}, {"start": "00:12:52", "end": "00:12:57", "text": "another lesson which is very important."}, {"start": "00:12:54", "end": "00:12:59", "text": ">> Some people they don't like when I have"}, {"start": "00:12:57", "end": "00:13:00", "text": "uh two ways out. Okay? They don't like"}, {"start": "00:12:59", "end": "00:13:01", "text": "for example that I say it's going to go"}, {"start": "00:13:00", "end": "00:13:03", "text": "to 30 is going to be great and also if"}, {"start": "00:13:01", "end": "00:13:04", "text": "it goes to 93 it's also great. Some"}, {"start": "00:13:03", "end": "00:13:06", "text": "people like Ian but Ivan what do you"}, {"start": "00:13:04", "end": "00:13:09", "text": "mean? So why don't you pick one? Why?"}, {"start": "00:13:06", "end": "00:13:12", "text": "Why? Why are you not cornered like I am?"}, {"start": "00:13:09", "end": "00:13:14", "text": "See people like I'm cornered. I'M A BAG"}, {"start": "00:13:12", "end": "00:13:17", "text": "HOLDER. BUT IVAN, WHY DO YOU REFUSE TO"}, {"start": "00:13:14", "end": "00:13:19", "text": "be cornered? But that's the whole point."}, {"start": "00:13:17", "end": "00:13:20", "text": "We're not cornered. We're just humble"}, {"start": "00:13:19", "end": "00:13:23", "text": "observers of the market. We're very"}, {"start": "00:13:20", "end": "00:13:26", "text": "humble and whatever the market tells us,"}, {"start": "00:13:23", "end": "00:13:29", "text": "we are on on that side. So super humble"}, {"start": "00:13:26", "end": "00:13:31", "text": "if it now. So to be clear, the number"}, {"start": "00:13:29", "end": "00:13:34", "text": "one scenario now is back to 30. Okay."}, {"start": "00:13:31", "end": "00:13:36", "text": "Should we go bull here? Okay. We we now"}, {"start": "00:13:34", "end": "00:13:39", "text": "we now turn bullish and uh we we look"}, {"start": "00:13:36", "end": "00:13:41", "text": "for for for highs. Which alkan should we"}, {"start": "00:13:39", "end": "00:13:42", "text": "check more, Rob? What is your audience"}, {"start": "00:13:41", "end": "00:13:44", "text": "interested in you think?"}, {"start": "00:13:42", "end": "00:13:46", "text": ">> Well, first of all, let me let let me"}, {"start": "00:13:44", "end": "00:13:48", "text": "let me talk about something which is if"}, {"start": "00:13:46", "end": "00:13:50", "text": "you're watching this video right now and"}, {"start": "00:13:48", "end": "00:13:51", "text": "usually if if if you are a subscriber of"}, {"start": "00:13:50", "end": "00:13:53", "text": "mine, you you get it. But if you're new"}, {"start": "00:13:51", "end": "00:13:55", "text": "to this one, you're looking like why the"}, {"start": "00:13:53", "end": "00:13:56", "text": "hell are these guys laughing so much and"}, {"start": "00:13:55", "end": "00:13:58", "text": "why they seem happy? They don't seem"}, {"start": "00:13:56", "end": "00:14:01", "text": "like it's that big of a of a bare"}, {"start": "00:13:58", "end": "00:14:03", "text": "market. It it is because there is a"}, {"start": "00:14:01", "end": "00:14:05", "text": "switch in mentality and when we talk"}, {"start": "00:14:03", "end": "00:14:07", "text": "about like like the sentiment is pretty"}, {"start": "00:14:05", "end": "00:14:08", "text": "much in the toilet and right now these"}, {"start": "00:14:07", "end": "00:14:10", "text": "are the times when we're more excited"}, {"start": "00:14:08", "end": "00:14:12", "text": "about what we can actually do here. So"}, {"start": "00:14:10", "end": "00:14:14", "text": "if you if you're looking at this going"}, {"start": "00:14:12", "end": "00:14:16", "text": "why why do these guys seem so happy?"}, {"start": "00:14:14", "end": "00:14:18", "text": "It's because it's not we've been here"}, {"start": "00:14:16", "end": "00:14:20", "text": "for a while. We've been through the"}, {"start": "00:14:18", "end": "00:14:21", "text": "trenches and we pretty much know the"}, {"start": "00:14:20", "end": "00:14:24", "text": "next step that's actually going to"}, {"start": "00:14:21", "end": "00:14:26", "text": "happen. And this would be like just a a"}, {"start": "00:14:24", "end": "00:14:29", "text": "quick little segue is if you're looking"}, {"start": "00:14:26", "end": "00:14:31", "text": "for like something to to really go and"}, {"start": "00:14:29", "end": "00:14:33", "text": "get that that mentality. There was a"}, {"start": "00:14:31", "end": "00:14:37", "text": "great book that I read from this guy"}, {"start": "00:14:33", "end": "00:14:39", "text": "named Ivan and I I I you you sent this"}, {"start": "00:14:37", "end": "00:14:41", "text": "to me and I read this in about a couple"}, {"start": "00:14:39", "end": "00:14:43", "text": "hours. I just put like a big summary all"}, {"start": "00:14:41", "end": "00:14:45", "text": "all the way through. It's it's a very"}, {"start": "00:14:43", "end": "00:14:47", "text": "long drury post, but the things that we"}, {"start": "00:14:45", "end": "00:14:48", "text": "talk that you talk about in here make a"}, {"start": "00:14:47", "end": "00:14:50", "text": "lot of sense which is like look there's"}, {"start": "00:14:48", "end": "00:14:52", "text": "a sphere of control. you can only do so"}, {"start": "00:14:50", "end": "00:14:53", "text": "much and if and outside of that that's"}, {"start": "00:14:52", "end": "00:14:55", "text": "pretty much it. Just go for the trend."}, {"start": "00:14:53", "end": "00:14:57", "text": "Don't try to be and go well it's the"}, {"start": "00:14:55", "end": "00:14:59", "text": "fundamentals. Uh let's be honest in"}, {"start": "00:14:57", "end": "00:15:00", "text": "crypto and digital assets the"}, {"start": "00:14:59", "end": "00:15:02", "text": "fundamentals are out the window. This is"}, {"start": "00:15:00", "end": "00:15:04", "text": "all speculation. And because of that if"}, {"start": "00:15:02", "end": "00:15:06", "text": "we take a look at the trends we can kind"}, {"start": "00:15:04", "end": "00:15:07", "text": "of really see where things are going."}, {"start": "00:15:06", "end": "00:15:10", "text": "And I wish I would have listened to more"}, {"start": "00:15:07", "end": "00:15:13", "text": "of the 200 week 250e 300E moving average"}, {"start": "00:15:10", "end": "00:15:14", "text": "and go from there. So Ivan let's let's"}, {"start": "00:15:13", "end": "00:15:16", "text": "wrap this."}, {"start": "00:15:14", "end": "00:15:17", "text": "Sorry, let me just double double down on"}, {"start": "00:15:16", "end": "00:15:19", "text": "that, double click on that because"}, {"start": "00:15:17", "end": "00:15:21", "text": "that's actually a feedback that uh that"}, {"start": "00:15:19", "end": "00:15:22", "text": "I I see sometimes people give to me that"}, {"start": "00:15:21", "end": "00:15:24", "text": "you know, Ivan, why are you so happy?"}, {"start": "00:15:22", "end": "00:15:27", "text": "You're laughing at people's misfortune"}, {"start": "00:15:24", "end": "00:15:30", "text": "yada yada yada. Anything I'm a very like"}, {"start": "00:15:27", "end": "00:15:34", "text": "sympathetic uh I'm a very how you say"}, {"start": "00:15:30", "end": "00:15:36", "text": "deep feeling oriented person so to"}, {"start": "00:15:34", "end": "00:15:39", "text": "speak. But when it comes to markets, you"}, {"start": "00:15:36", "end": "00:15:41", "text": "are either going to be sugarcoated or"}, {"start": "00:15:39", "end": "00:15:43", "text": "you're going to learn. So because I see"}, {"start": "00:15:41", "end": "00:15:45", "text": "you guys as friends even though many of"}, {"start": "00:15:43", "end": "00:15:46", "text": "you maybe have not seen me but I I want"}, {"start": "00:15:45", "end": "00:15:48", "text": "to be upfront with you know with friends"}, {"start": "00:15:46", "end": "00:15:49", "text": "you're upfront if you're acquaintance"}, {"start": "00:15:48", "end": "00:15:51", "text": "maybe you know I try to be more sugar"}, {"start": "00:15:49", "end": "00:15:53", "text": "cold not go into the deep stuff but"}, {"start": "00:15:51", "end": "00:15:55", "text": "because I see you guys as friends here"}, {"start": "00:15:53", "end": "00:15:57", "text": "let's just not sugar coat too much so I"}, {"start": "00:15:55", "end": "00:15:59", "text": "want to I want to be blunt I want to be"}, {"start": "00:15:57", "end": "00:16:01", "text": "upfront but I know that many people are"}, {"start": "00:15:59", "end": "00:16:04", "text": "they don't like you know when we're when"}, {"start": "00:16:01", "end": "00:16:06", "text": "we're like happy that it's down and haha"}, {"start": "00:16:04", "end": "00:16:08", "text": "slama can go to 30 and if you read my"}, {"start": "00:16:06", "end": "00:16:10", "text": "book actually you know you know the pain"}, {"start": "00:16:08", "end": "00:16:12", "text": "here I mean you know the pain. I've lost"}, {"start": "00:16:10", "end": "00:16:15", "text": "a lot of money in crypto and you know"}, {"start": "00:16:12", "end": "00:16:18", "text": "one way of uh me helping this industry"}, {"start": "00:16:15", "end": "00:16:19", "text": "is to summarize it all here. I mean I've"}, {"start": "00:16:18", "end": "00:16:21", "text": "lost many many millions in crypto by uh"}, {"start": "00:16:19", "end": "00:16:24", "text": "by doing all of the dumb mistakes that"}, {"start": "00:16:21", "end": "00:16:27", "text": "people make every day still. So yeah uh"}, {"start": "00:16:24", "end": "00:16:28", "text": "and the reason why many people resonate"}, {"start": "00:16:27", "end": "00:16:30", "text": "with the book is because they recognize"}, {"start": "00:16:28", "end": "00:16:32", "text": "themselves exact exactly exact. So uh"}, {"start": "00:16:30", "end": "00:16:35", "text": "understand I know exactly exactly what"}, {"start": "00:16:32", "end": "00:16:36", "text": "you feel and uh"}, {"start": "00:16:35", "end": "00:16:38", "text": "although you have to take it seriously"}, {"start": "00:16:36", "end": "00:16:40", "text": "and you have to fix the problem and the"}, {"start": "00:16:38", "end": "00:16:42", "text": "problems is yeah the things we speak"}, {"start": "00:16:40", "end": "00:16:44", "text": "about here. So yeah that's why"}, {"start": "00:16:42", "end": "00:16:45", "text": ">> it's it's it's a good lesson because"}, {"start": "00:16:44", "end": "00:16:47", "text": "people look at this and go ah this guy's"}, {"start": "00:16:45", "end": "00:16:48", "text": "just laughing but it's not that it's"}, {"start": "00:16:47", "end": "00:16:50", "text": "just that you know as you go through"}, {"start": "00:16:48", "end": "00:16:52", "text": "this more and more and more you become"}, {"start": "00:16:50", "end": "00:16:53", "text": "more hardened. I personally believe that"}, {"start": "00:16:52", "end": "00:16:55", "text": "if you want to be a trader, you need to"}, {"start": "00:16:53", "end": "00:16:57", "text": "start in crypto. You need to go through"}, {"start": "00:16:55", "end": "00:16:58", "text": "the through the hell week like a Navy"}, {"start": "00:16:57", "end": "00:17:00", "text": "Seal and then if you want to transfer"}, {"start": "00:16:58", "end": "00:17:02", "text": "over to traditional markets and get like"}, {"start": "00:17:00", "end": "00:17:06", "text": "SpaceX and stuff like that. Hey, 20%."}, {"start": "00:17:02", "end": "00:17:09", "text": "That is volatile for the normies. For"}, {"start": "00:17:06", "end": "00:17:10", "text": "us, that's a freaking Monday. So, like"}, {"start": "00:17:09", "end": "00:17:11", "text": "these things that happen, I I think"}, {"start": "00:17:10", "end": "00:17:13", "text": "there's there's more of an upside. We"}, {"start": "00:17:11", "end": "00:17:16", "text": "just have to understand it. Hey, Evan,"}, {"start": "00:17:13", "end": "00:17:18", "text": "let's let's leave some the people with a"}, {"start": "00:17:16", "end": "00:17:21", "text": "little bit more positivity. Let's take a"}, {"start": "00:17:18", "end": "00:17:23", "text": "look at the uh the money line and and"}, {"start": "00:17:21", "end": "00:17:26", "text": "not taking a look at crypto. I want you"}, {"start": "00:17:23", "end": "00:17:28", "text": "to take a look at stocks specifically."}, {"start": "00:17:26", "end": "00:17:29", "text": "Can we take a look at AI?"}, {"start": "00:17:28", "end": "00:17:31", "text": ">> Sure. Sure."}, {"start": "00:17:29", "end": "00:17:32", "text": ">> And and see what is bullish, what flip"}, {"start": "00:17:31", "end": "00:17:35", "text": "bullish"}, {"start": "00:17:32", "end": "00:17:36", "text": ">> and what is just a big dud. This ought"}, {"start": "00:17:35", "end": "00:17:38", "text": "to be good."}, {"start": "00:17:36", "end": "00:17:39", "text": ">> Yeah. Can you share my screen? Let me"}, {"start": "00:17:38", "end": "00:17:41", "text": "just show you something that where"}, {"start": "00:17:39", "end": "00:17:43", "text": "crypto really helps. And that's the"}, {"start": "00:17:41", "end": "00:17:45", "text": "chart of gold. Because when gold was"}, {"start": "00:17:43", "end": "00:17:48", "text": "going like this, I I even tweeted the"}, {"start": "00:17:45", "end": "00:17:51", "text": "gold boomers are going to learn a thing"}, {"start": "00:17:48", "end": "00:17:53", "text": "about parabas that we in crypto know way"}, {"start": "00:17:51", "end": "00:17:56", "text": "too well."}, {"start": "00:17:53", "end": "00:17:59", "text": "And when it went bare trend, we said"}, {"start": "00:17:56", "end": "00:18:00", "text": "parabola likely is bursting. So for sure"}, {"start": "00:17:59", "end": "00:18:04", "text": "and silver, by the way, is the same."}, {"start": "00:18:00", "end": "00:18:06", "text": "Silver went to like 120 then lost 50% in"}, {"start": "00:18:04", "end": "00:18:09", "text": "a few weeks. It's it's been insane. But"}, {"start": "00:18:06", "end": "00:18:10", "text": "yeah, let's go. So uh as you know if you"}, {"start": "00:18:09", "end": "00:18:13", "text": "guys have been following our channel and"}, {"start": "00:18:10", "end": "00:18:15", "text": "our way of doing things we follow"}, {"start": "00:18:13", "end": "00:18:18", "text": "trends. So for example, gold now is"}, {"start": "00:18:15", "end": "00:18:20", "text": "bearish. Um different other assets are"}, {"start": "00:18:18", "end": "00:18:22", "text": "either bearish or bullish. And we have a"}, {"start": "00:18:20", "end": "00:18:27", "text": "system in Bullmania called the money"}, {"start": "00:18:22", "end": "00:18:29", "text": "scanner which shows all assets across"}, {"start": "00:18:27", "end": "00:18:32", "text": "the entire world uh both when it comes"}, {"start": "00:18:29", "end": "00:18:35", "text": "to stocks, when it comes to crypto, when"}, {"start": "00:18:32", "end": "00:18:37", "text": "it comes to ETFs, commodities, forex,"}, {"start": "00:18:35", "end": "00:18:38", "text": "like we scan all assets in the entire"}, {"start": "00:18:37", "end": "00:18:41", "text": "world and we tell you if they're bullish"}, {"start": "00:18:38", "end": "00:18:43", "text": "or bearish. So and also we tell you in"}, {"start": "00:18:41", "end": "00:18:45", "text": "real time when they flip bullish or"}, {"start": "00:18:43", "end": "00:18:49", "text": "bearish. For example, here we can see"}, {"start": "00:18:45", "end": "00:18:52", "text": "all the stocks in the US that flipped"}, {"start": "00:18:49", "end": "00:18:54", "text": "the bullish on the weekly time frame uh"}, {"start": "00:18:52", "end": "00:18:58", "text": "since one month ago. And here you have"}, {"start": "00:18:54", "end": "00:19:01", "text": "this amplit group, Lesl Digital Turbine,"}, {"start": "00:18:58", "end": "00:19:02", "text": "Cartoon Studios, etc., etc. And of"}, {"start": "00:19:01", "end": "00:19:04", "text": "course, if you're in Bulbane, you also"}, {"start": "00:19:02", "end": "00:19:06", "text": "get alerted when things flip bullish or"}, {"start": "00:19:04", "end": "00:19:10", "text": "bearish. This of course works with uh"}, {"start": "00:19:06", "end": "00:19:12", "text": "crypto also. Uh now, most things are u"}, {"start": "00:19:10", "end": "00:19:14", "text": "bearish crypto. when you look at uh"}, {"start": "00:19:12", "end": "00:19:17", "text": "what's happening Bitcoin bear, ETH bear,"}, {"start": "00:19:14", "end": "00:19:19", "text": "BNB, Sana and uh mostly bearish some"}, {"start": "00:19:17", "end": "00:19:21", "text": "things are bullish example hyperlquid"}, {"start": "00:19:19", "end": "00:19:25", "text": "since two months ago it is bullish and"}, {"start": "00:19:21", "end": "00:19:27", "text": "it's up uh 77%. Uh so you have a few a"}, {"start": "00:19:25", "end": "00:19:29", "text": "few outperformers but overall most"}, {"start": "00:19:27", "end": "00:19:31", "text": "things are bearish. So looking at"}, {"start": "00:19:29", "end": "00:19:34", "text": "stocks, you come here. If we only look"}, {"start": "00:19:31", "end": "00:19:36", "text": "at the bullish ones because if you only"}, {"start": "00:19:34", "end": "00:19:38", "text": "want to long, you don't want to short."}, {"start": "00:19:36", "end": "00:19:39", "text": "Then you just look at what flips uh uh"}, {"start": "00:19:38", "end": "00:19:41", "text": "bullish and then you need to monitor"}, {"start": "00:19:39", "end": "00:19:42", "text": "that whatever you bought when it flips"}, {"start": "00:19:41", "end": "00:19:44", "text": "bearish, you're out."}, {"start": "00:19:42", "end": "00:19:46", "text": ">> So in this case, we have a lot of uh"}, {"start": "00:19:44", "end": "00:19:48", "text": "stocks worldwide that have done very"}, {"start": "00:19:46", "end": "00:19:50", "text": "well. If we only look at the US, you"}, {"start": "00:19:48", "end": "00:19:52", "text": "have Sandis here, for example, which is"}, {"start": "00:19:50", "end": "00:19:53", "text": "super connected to AI, of course."}, {"start": "00:19:52", "end": "00:19:55", "text": ">> Yeah,"}, {"start": "00:19:53", "end": "00:19:57", "text": ">> this thing is a machine. I don't know if"}, {"start": "00:19:55", "end": "00:19:59", "text": "you can see on the screen here since it"}, {"start": "00:19:57", "end": "00:20:02", "text": "went bullish here. It has 600%. It went"}, {"start": "00:19:59", "end": "00:20:03", "text": "bullish on the weekly in January."}, {"start": "00:20:02", "end": "00:20:05", "text": ">> January."}, {"start": "00:20:03", "end": "00:20:07", "text": ">> That's a long time. That's a long time"}, {"start": "00:20:05", "end": "00:20:09", "text": "for for for bullishness."}, {"start": "00:20:07", "end": "00:20:12", "text": ">> It's a it's a long time. But also, you"}, {"start": "00:20:09", "end": "00:20:14", "text": "know, 600% in the stock market for five"}, {"start": "00:20:12", "end": "00:20:17", "text": "months is not long time. So that's why"}, {"start": "00:20:14", "end": "00:20:19", "text": "you know being being against the trend"}, {"start": "00:20:17", "end": "00:20:21", "text": "in crypto like being bullish when it's"}, {"start": "00:20:19", "end": "00:20:23", "text": "bare trend and like try thinking that"}, {"start": "00:20:21", "end": "00:20:25", "text": "business cycle or ISM or other stuff is"}, {"start": "00:20:23", "end": "00:20:26", "text": "going to save you while trends are"}, {"start": "00:20:25", "end": "00:20:28", "text": "obviously bearish in crypto. Not only do"}, {"start": "00:20:26", "end": "00:20:30", "text": "you lose money in crypto, you also miss"}, {"start": "00:20:28", "end": "00:20:31", "text": "out on other opportunities. And by the"}, {"start": "00:20:30", "end": "00:20:33", "text": "way, guys, here is an important thing."}, {"start": "00:20:31", "end": "00:20:36", "text": "You see that it was super bullish here"}, {"start": "00:20:33", "end": "00:20:39", "text": "since like 2025. Then we had a period of"}, {"start": "00:20:36", "end": "00:20:41", "text": "bear here, uh, you know, a bit sideways"}, {"start": "00:20:39", "end": "00:20:44", "text": "and went down. Uh, now it doesn't look"}, {"start": "00:20:41", "end": "00:20:46", "text": "like a lot, but if you measure here from"}, {"start": "00:20:44", "end": "00:20:49", "text": "this peak to this low, uh, it actually"}, {"start": "00:20:46", "end": "00:20:52", "text": "dumped 32%. And here is where it is part"}, {"start": "00:20:49", "end": "00:20:54", "text": "of our strategy to be risk off and to be"}, {"start": "00:20:52", "end": "00:20:57", "text": "bearish even though it later continues"}, {"start": "00:20:54", "end": "00:20:59", "text": "on. like we're fine that we are risk off"}, {"start": "00:20:57", "end": "00:21:02", "text": "here and then we just join in in the"}, {"start": "00:20:59", "end": "00:21:05", "text": "next uh rocket because we don't want to"}, {"start": "00:21:02", "end": "00:21:06", "text": "lose uh money. Okay, because this thing"}, {"start": "00:21:05", "end": "00:21:09", "text": "with with it being up, you know, this"}, {"start": "00:21:06", "end": "00:21:11", "text": "much already if you zoom in how it looks"}, {"start": "00:21:09", "end": "00:21:13", "text": "here and now it's becoming bare, there's"}, {"start": "00:21:11", "end": "00:21:15", "text": "just no way to know in real time whether"}, {"start": "00:21:13", "end": "00:21:17", "text": "this is just a cool off or it's going to"}, {"start": "00:21:15", "end": "00:21:19", "text": "go down 70%. Like there's no way to"}, {"start": "00:21:17", "end": "00:21:21", "text": "know. You can analyze, you can of course"}, {"start": "00:21:19", "end": "00:21:22", "text": "try to see but you know if you ask"}, {"start": "00:21:21", "end": "00:21:25", "text": "people who actually thought that this"}, {"start": "00:21:22", "end": "00:21:28", "text": "thing is going to do another like 500%."}, {"start": "00:21:25", "end": "00:21:29", "text": "Very few would tell you and those that"}, {"start": "00:21:28", "end": "00:21:32", "text": "told you most of them are just lucky"}, {"start": "00:21:29", "end": "00:21:33", "text": "that cannot repeat the lack again. Okay."}, {"start": "00:21:32", "end": "00:21:35", "text": "So this is why our approach is that if"}, {"start": "00:21:33", "end": "00:21:37", "text": "it's bearish we are risk off we're"}, {"start": "00:21:35", "end": "00:21:39", "text": "careful but if it's bullish again okay"}, {"start": "00:21:37", "end": "00:21:42", "text": "great. So this way basically we have the"}, {"start": "00:21:39", "end": "00:21:45", "text": "upside, we have the upside but we don't"}, {"start": "00:21:42", "end": "00:21:47", "text": "have downside which is for some people"}, {"start": "00:21:45", "end": "00:21:50", "text": "this is like impossible but it is"}, {"start": "00:21:47", "end": "00:21:52", "text": "possible. We have all of the upside"}, {"start": "00:21:50", "end": "00:21:53", "text": "especially in violent trend is the best"}, {"start": "00:21:52", "end": "00:21:55", "text": "but should this thing at some point"}, {"start": "00:21:53", "end": "00:21:58", "text": "Sandisk will go down 50% guys. I mean"}, {"start": "00:21:55", "end": "00:22:00", "text": "again we know one thing about parabas"}, {"start": "00:21:58", "end": "00:22:02", "text": "that the stock boomers may not know in"}, {"start": "00:22:00", "end": "00:22:05", "text": "crypto. At some point it will go down"}, {"start": "00:22:02", "end": "00:22:06", "text": "and uh we will know it when it goes bare"}, {"start": "00:22:05", "end": "00:22:08", "text": "trend. It may be just a cool off before"}, {"start": "00:22:06", "end": "00:22:11", "text": "the next leg go leg leg up. We don't"}, {"start": "00:22:08", "end": "00:22:13", "text": "care. We we're still going to be careful"}, {"start": "00:22:11", "end": "00:22:16", "text": "and uh we are bullish until it's"}, {"start": "00:22:13", "end": "00:22:18", "text": "bearish. So with the same talking like"}, {"start": "00:22:16", "end": "00:22:19", "text": "you know at the same time some people"}, {"start": "00:22:18", "end": "00:22:21", "text": "may tell Ivan but it's up so much. Do"}, {"start": "00:22:19", "end": "00:22:22", "text": "you how can you be bullish? It's up so"}, {"start": "00:22:21", "end": "00:22:24", "text": "much. Listen, we don't again we're"}, {"start": "00:22:22", "end": "00:22:26", "text": "humble observers. Humble observer we"}, {"start": "00:22:24", "end": "00:22:29", "text": "just see that the trend is up and it's"}, {"start": "00:22:26", "end": "00:22:31", "text": "it's great. It's great. Uh by the way I"}, {"start": "00:22:29", "end": "00:22:33", "text": "see a question from uh uh who is it?"}, {"start": "00:22:31", "end": "00:22:35", "text": "Someone asked when mallet. So, uh, I"}, {"start": "00:22:33", "end": "00:22:36", "text": "don't know if you linked this one, Rob,"}, {"start": "00:22:35", "end": "00:22:40", "text": "in the comment section, but just like"}, {"start": "00:22:36", "end": "00:22:43", "text": "last time, we do have bullmay.com/ro."}, {"start": "00:22:40", "end": "00:22:46", "text": "If you go to bullme.com/ro,"}, {"start": "00:22:43", "end": "00:22:47", "text": "you have a short video here about the"}, {"start": "00:22:46", "end": "00:22:49", "text": "system, like the mechanical rules"}, {"start": "00:22:47", "end": "00:22:51", "text": "because what we do here, we have the"}, {"start": "00:22:49", "end": "00:22:52", "text": "money line is the indicator, but then"}, {"start": "00:22:51", "end": "00:22:55", "text": "how to use it, how to think like the"}, {"start": "00:22:52", "end": "00:22:57", "text": "whole philosophy, the whole the whole"}, {"start": "00:22:55", "end": "00:23:00", "text": "system is called the mechanical rules"}, {"start": "00:22:57", "end": "00:23:02", "text": "where the money line is the tool. So, if"}, {"start": "00:23:00", "end": "00:23:04", "text": "you go to bullminger.com/rob,"}, {"start": "00:23:02", "end": "00:23:06", "text": "you can book a strategy call with us,"}, {"start": "00:23:04", "end": "00:23:08", "text": "with our team. We're also going to give"}, {"start": "00:23:06", "end": "00:23:11", "text": "you a big fat discount because you are"}, {"start": "00:23:08", "end": "00:23:12", "text": "Rob's uh uh Rob's uh audience. And we're"}, {"start": "00:23:11", "end": "00:23:14", "text": "going to set you up with everything with"}, {"start": "00:23:12", "end": "00:23:17", "text": "the money line, mining scanner, etc.,"}, {"start": "00:23:14", "end": "00:23:18", "text": "etc., etc. So, uh that's how that's how"}, {"start": "00:23:17", "end": "00:23:20", "text": "you get it. But then, I mean, to be"}, {"start": "00:23:18", "end": "00:23:22", "text": "clear, if you want that's if you want"}, {"start": "00:23:20", "end": "00:23:24", "text": "our system, you could also use just"}, {"start": "00:23:22", "end": "00:23:25", "text": "simple moving averages. If you want to"}, {"start": "00:23:24", "end": "00:23:28", "text": "see the trends yourself, you could just"}, {"start": "00:23:25", "end": "00:23:30", "text": "use simple moving averages. And uh yeah"}, {"start": "00:23:28", "end": "00:23:31", "text": "just just ensure you have some way of"}, {"start": "00:23:30", "end": "00:23:32", "text": "seeing the trend. There there are many"}, {"start": "00:23:31", "end": "00:23:34", "text": "different ways to see the trend."}, {"start": "00:23:32", "end": "00:23:36", "text": ">> Yeah. So"}, {"start": "00:23:34", "end": "00:23:38", "text": ">> go ahead Ivan. Keep going. Keep going."}, {"start": "00:23:36", "end": "00:23:40", "text": ">> So so so that's with the SanDisk. Let me"}, {"start": "00:23:38", "end": "00:23:42", "text": "know which which other stock or if we"}, {"start": "00:23:40", "end": "00:23:44", "text": "should go more into AI. We can also look"}, {"start": "00:23:42", "end": "00:23:45", "text": "at more AI but the analysis is kind of"}, {"start": "00:23:44", "end": "00:23:49", "text": "similar. For example, Intel is another"}, {"start": "00:23:45", "end": "00:23:50", "text": "AI AI related obviously. Uh let's see."}, {"start": "00:23:49", "end": "00:23:54", "text": "Intel. One second. One second. One"}, {"start": "00:23:50", "end": "00:23:56", "text": "second. Intel was a ticker. Intel"}, {"start": "00:23:54", "end": "00:23:57", "text": "corporation. Let me just go to the minus"}, {"start": "00:23:56", "end": "00:24:00", "text": "counter because here is we see"}, {"start": "00:23:57", "end": "00:24:03", "text": "everything. Share the stuff. Uh the here"}, {"start": "00:24:00", "end": "00:24:05", "text": "is Intel. Here's Intel. It's up 390"}, {"start": "00:24:03", "end": "00:24:06", "text": "uh 89% since 9 months ago."}, {"start": "00:24:05", "end": "00:24:07", "text": ">> Wow."}, {"start": "00:24:06", "end": "00:24:10", "text": ">> And then you know I don't even know all"}, {"start": "00:24:07", "end": "00:24:11", "text": "of them which exactly ones are AI"}, {"start": "00:24:10", "end": "00:24:14", "text": "because you don't really have to know"}, {"start": "00:24:11", "end": "00:24:16", "text": "like you know VIV solutions. I mean this"}, {"start": "00:24:14", "end": "00:24:19", "text": "thing is up a lot. Applied upto"}, {"start": "00:24:16", "end": "00:24:22", "text": "electronics. Uh I have a Chinese quant."}, {"start": "00:24:19", "end": "00:24:25", "text": "It's our Jason in our team. He's doing"}, {"start": "00:24:22", "end": "00:24:27", "text": "daily videos. He's based in Hong Kong."}, {"start": "00:24:25", "end": "00:24:30", "text": "He's fantastic. Today, he found the"}, {"start": "00:24:27", "end": "00:24:33", "text": "Japanese company on the money scanner"}, {"start": "00:24:30", "end": "00:24:36", "text": "that they do like toilets, but because"}, {"start": "00:24:33", "end": "00:24:38", "text": "they're good at ceramics, their ceramics"}, {"start": "00:24:36", "end": "00:24:41", "text": "somehow is used in AI and it's just a"}, {"start": "00:24:38", "end": "00:24:43", "text": "new bull trend and he he explained all"}, {"start": "00:24:41", "end": "00:24:46", "text": "of it. So, actually most companies that"}, {"start": "00:24:43", "end": "00:24:48", "text": "do anything related to data center"}, {"start": "00:24:46", "end": "00:24:50", "text": "something, you know, that could be used"}, {"start": "00:24:48", "end": "00:24:52", "text": "by AI or class could be classified as"}, {"start": "00:24:50", "end": "00:24:55", "text": "AI. But for us, the main thing is that"}, {"start": "00:24:52", "end": "00:24:56", "text": "is bull on the trend. They recently"}, {"start": "00:24:55", "end": "00:24:57", "text": "flipped during a new bull trend. And"}, {"start": "00:24:56", "end": "00:24:59", "text": "yeah, there there are many. And you can"}, {"start": "00:24:57", "end": "00:25:01", "text": "see here the ones that flip, you know,"}, {"start": "00:24:59", "end": "00:25:02", "text": "two days ago, uh yeah, 3 weeks. You"}, {"start": "00:25:01", "end": "00:25:04", "text": "actually don't see it on the screen uh"}, {"start": "00:25:02", "end": "00:25:06", "text": "because it's like a popup. But here, you"}, {"start": "00:25:04", "end": "00:25:08", "text": "know, in this uh if you click here where"}, {"start": "00:25:06", "end": "00:25:10", "text": "it says any time, you click here like I"}, {"start": "00:25:08", "end": "00:25:12", "text": "do now, but you don't see it. You would"}, {"start": "00:25:10", "end": "00:25:13", "text": "see, you know, filters. What flipped in"}, {"start": "00:25:12", "end": "00:25:15", "text": "the last week, what flipped in the last"}, {"start": "00:25:13", "end": "00:25:16", "text": "day, etc., etc., etc."}, {"start": "00:25:15", "end": "00:25:18", "text": ">> Well,"}, {"start": "00:25:16", "end": "00:25:21", "text": ">> so yeah. Next."}, {"start": "00:25:18", "end": "00:25:23", "text": ">> I'm sorry. I'm I'm gonna call you butter"}, {"start": "00:25:21", "end": "00:25:26", "text": "because you're on a roll. Keep going."}, {"start": "00:25:23", "end": "00:25:28", "text": ">> Uh yeah, I mean we discussed some of the"}, {"start": "00:25:26", "end": "00:25:30", "text": "stocks. Let's look at commodities. If"}, {"start": "00:25:28", "end": "00:25:31", "text": "you go here, you we click commodities."}, {"start": "00:25:30", "end": "00:25:33", "text": "We can see what the different"}, {"start": "00:25:31", "end": "00:25:36", "text": "commodities are doing. Whether it's"}, {"start": "00:25:33", "end": "00:25:38", "text": "copper, iron, let me see. Oh yeah, most"}, {"start": "00:25:36", "end": "00:25:40", "text": "of them are bearish here. Uh oil uh"}, {"start": "00:25:38", "end": "00:25:42", "text": "turned bearish a month ago. On the"}, {"start": "00:25:40", "end": "00:25:44", "text": "daily, let's see. Oil actually still up"}, {"start": "00:25:42", "end": "00:25:46", "text": "on the daily uh on the daily time frame."}, {"start": "00:25:44", "end": "00:25:48", "text": "Likely going to turn bearish in case"}, {"start": "00:25:46", "end": "00:25:51", "text": "this piece continues. copper still"}, {"start": "00:25:48", "end": "00:25:54", "text": "bullish. So yeah, just to show that you"}, {"start": "00:25:51", "end": "00:25:55", "text": "can commodities will support stocks we"}, {"start": "00:25:54", "end": "00:25:58", "text": "support worldwide. For example, guys, I"}, {"start": "00:25:55", "end": "00:26:00", "text": "I think most of you are based in the US."}, {"start": "00:25:58", "end": "00:26:03", "text": "If you are for some reason, let's say"}, {"start": "00:26:00", "end": "00:26:05", "text": "based in China, you have infinite amount"}, {"start": "00:26:03", "end": "00:26:07", "text": "of Chinese stocks here, you know, it"}, {"start": "00:26:05", "end": "00:26:11", "text": "just goes down and down and down and"}, {"start": "00:26:07", "end": "00:26:12", "text": "down. Or any countries here that you you"}, {"start": "00:26:11", "end": "00:26:14", "text": "don't see the pop-ups on the screen when"}, {"start": "00:26:12", "end": "00:26:15", "text": "I when I click, but yeah, here you can"}, {"start": "00:26:14", "end": "00:26:17", "text": "see any countries. Yeah,"}, {"start": "00:26:15", "end": "00:26:18", "text": ">> let's go to the audience. which"}, {"start": "00:26:17", "end": "00:26:20", "text": "questions we have."}, {"start": "00:26:18", "end": "00:26:23", "text": ">> Ah, right. Let's see. Here's one right"}, {"start": "00:26:20", "end": "00:26:24", "text": "here from uh Trader D. Says, \"Ivan, and"}, {"start": "00:26:23", "end": "00:26:26", "text": "this is this is this is a good thing"}, {"start": "00:26:24", "end": "00:26:27", "text": "because like when I first got in and"}, {"start": "00:26:26", "end": "00:26:29", "text": "people would talk about today's bullish,"}, {"start": "00:26:27", "end": "00:26:30", "text": "today's bearish like you liars.\" You"}, {"start": "00:26:29", "end": "00:26:32", "text": "guys don't know what you're talking"}, {"start": "00:26:30", "end": "00:26:34", "text": "about. This is a good one. Ivan, what if"}, {"start": "00:26:32", "end": "00:26:35", "text": "Salana doesn't hit 30? Do you have a"}, {"start": "00:26:34", "end": "00:26:37", "text": "plan? Now, you touched on this and just"}, {"start": "00:26:35", "end": "00:26:37", "text": "just kind of, you know, walk them"}, {"start": "00:26:37", "end": "00:26:39", "text": "through it."}, {"start": "00:26:37", "end": "00:26:43", "text": ">> Yeah. Okay, guys. So, look here. Uh, in"}, {"start": "00:26:39", "end": "00:26:44", "text": "Bulmania, u you get a course. I will I"}, {"start": "00:26:43", "end": "00:26:46", "text": "will tell you exactly the plan. But let"}, {"start": "00:26:44", "end": "00:26:48", "text": "me just talk a bit about like this"}, {"start": "00:26:46", "end": "00:26:51", "text": "mechanical rules because the mechanical"}, {"start": "00:26:48", "end": "00:26:53", "text": "rules they answer this exact thing. What"}, {"start": "00:26:51", "end": "00:26:55", "text": "if what if what if what if this does not"}, {"start": "00:26:53", "end": "00:26:57", "text": "happen? Oh, I just bought. What if it"}, {"start": "00:26:55", "end": "00:26:59", "text": "dumps after I bought? What if I bought"}, {"start": "00:26:57", "end": "00:27:01", "text": "and it pumps? How much should I sell? Or"}, {"start": "00:26:59", "end": "00:27:03", "text": "what if I bought or this you know what"}, {"start": "00:27:01", "end": "00:27:04", "text": "if it doesn't go there but it goes"}, {"start": "00:27:03", "end": "00:27:07", "text": "there. I mean guys whenever you think"}, {"start": "00:27:04", "end": "00:27:09", "text": "about what if or what if it's understand"}, {"start": "00:27:07", "end": "00:27:10", "text": "that it's very common. It's also the"}, {"start": "00:27:09", "end": "00:27:13", "text": "whole idea with the mechanical rules"}, {"start": "00:27:10", "end": "00:27:17", "text": "that we explain at bullmay.com/ro"}, {"start": "00:27:13", "end": "00:27:19", "text": "uh because see if it doesn't go to 30"}, {"start": "00:27:17", "end": "00:27:22", "text": "then it either goes sideways then we"}, {"start": "00:27:19", "end": "00:27:25", "text": "don't touch it or or it goes into bull"}, {"start": "00:27:22", "end": "00:27:27", "text": "trend in this case that would be here at"}, {"start": "00:27:25", "end": "00:27:28", "text": "93 but every week this thing is"}, {"start": "00:27:27", "end": "00:27:31", "text": "dropping. So let's say in a week maybe"}, {"start": "00:27:28", "end": "00:27:34", "text": "it's now 85 or 80 that that it has to go"}, {"start": "00:27:31", "end": "00:27:36", "text": "to to flip bullish. So the mechanical"}, {"start": "00:27:34", "end": "00:27:39", "text": "rules they basically remove the weight"}, {"start": "00:27:36", "end": "00:27:41", "text": "off your shoulder to know what's going"}, {"start": "00:27:39", "end": "00:27:44", "text": "to happen or try to predict. We have"}, {"start": "00:27:41", "end": "00:27:46", "text": "exactly exactly the plan. Now um should"}, {"start": "00:27:44", "end": "00:27:48", "text": "it go to 30? Great. It's just so cheap."}, {"start": "00:27:46", "end": "00:27:49", "text": "We're going to buy even if it's a bull."}, {"start": "00:27:48", "end": "00:27:52", "text": "If it's a bare trend, we're going to go"}, {"start": "00:27:49", "end": "00:27:53", "text": "against the rules a bit. But if it"}, {"start": "00:27:52", "end": "00:27:55", "text": "doesn't happen, it's also fine. We're"}, {"start": "00:27:53", "end": "00:27:58", "text": "going to be buying at 93. And also we"}, {"start": "00:27:55", "end": "00:28:01", "text": "would be flipping bullish like hell. If"}, {"start": "00:27:58", "end": "00:28:03", "text": "it goes to 90 93 and above, uh it would"}, {"start": "00:28:01", "end": "00:28:05", "text": "be yeah, it will be confirmed bull trend"}, {"start": "00:28:03", "end": "00:28:08", "text": "and it's the first confirmed bull trend"}, {"start": "00:28:05", "end": "00:28:10", "text": "since October 2025 and that's very good"}, {"start": "00:28:08", "end": "00:28:12", "text": "when it's when it's been a long time"}, {"start": "00:28:10", "end": "00:28:14", "text": "since bull trend and there's a new new"}, {"start": "00:28:12", "end": "00:28:15", "text": "bull trend likely is going to be a big"}, {"start": "00:28:14", "end": "00:28:17", "text": "bull trend. So, we're going to be quite"}, {"start": "00:28:15", "end": "00:28:20", "text": "bullish here if we manage to get above."}, {"start": "00:28:17", "end": "00:28:22", "text": "But in general guys, the the number one"}, {"start": "00:28:20", "end": "00:28:23", "text": "uh weight on your shoulder is that"}, {"start": "00:28:22", "end": "00:28:25", "text": "you're trying to be right. You know, you"}, {"start": "00:28:23", "end": "00:28:27", "text": "try to be right. You don't have to be"}, {"start": "00:28:25", "end": "00:28:28", "text": "right. like there's it's impossible to"}, {"start": "00:28:27", "end": "00:28:32", "text": "be right. It's you need to have a system"}, {"start": "00:28:28", "end": "00:28:34", "text": "that removes the need of you being"}, {"start": "00:28:32", "end": "00:28:36", "text": "right. Okay? Uh everything is"}, {"start": "00:28:34", "end": "00:28:38", "text": "probability. Even if you're right, but"}, {"start": "00:28:36", "end": "00:28:40", "text": "you are wrong with timing or something,"}, {"start": "00:28:38", "end": "00:28:41", "text": "you're still you're still going to lose"}, {"start": "00:28:40", "end": "00:28:42", "text": "money. Okay? And you need a system to"}, {"start": "00:28:41", "end": "00:28:44", "text": "deal with that. That's the mechanical"}, {"start": "00:28:42", "end": "00:28:46", "text": "rules."}, {"start": "00:28:44", "end": "00:28:47", "text": ">> Very well said. And this is right. This"}, {"start": "00:28:46", "end": "00:28:50", "text": "is a snippet from your book. One of the"}, {"start": "00:28:47", "end": "00:28:52", "text": "most important I think sections that you"}, {"start": "00:28:50", "end": "00:28:54", "text": "had and it's the same thing that people"}, {"start": "00:28:52", "end": "00:28:55", "text": "who have been trading. You feel it. You"}, {"start": "00:28:54", "end": "00:28:58", "text": "feel like a failure. You have to tell"}, {"start": "00:28:55", "end": "00:29:00", "text": "your family, you keep watching, you keep"}, {"start": "00:28:58", "end": "00:29:02", "text": "refreshing, it doesn't happen, and then"}, {"start": "00:29:00", "end": "00:29:03", "text": "you have this sinking feeling and it"}, {"start": "00:29:02", "end": "00:29:04", "text": "never goes away. These are the things"}, {"start": "00:29:03", "end": "00:29:06", "text": "that are important that we understand"}, {"start": "00:29:04", "end": "00:29:08", "text": "that it's okay. It's going to happen."}, {"start": "00:29:06", "end": "00:29:10", "text": "You just have to move forward through it"}, {"start": "00:29:08", "end": "00:29:13", "text": "and learn some some some new techniques."}, {"start": "00:29:10", "end": "00:29:16", "text": "And then lastly, uh I know Ivan's kind"}, {"start": "00:29:13", "end": "00:29:17", "text": "of busy today, but uh as a reminder,"}, {"start": "00:29:16", "end": "00:29:19", "text": "just like what Ivan was talking about,"}, {"start": "00:29:17", "end": "00:29:21", "text": "Bulman Rob, there's a link in the"}, {"start": "00:29:19", "end": "00:29:24", "text": "description if you just want to go down"}, {"start": "00:29:21", "end": "00:29:26", "text": "and scroll down. Ivan is right next to"}, {"start": "00:29:24", "end": "00:29:28", "text": "Ben's website. Sign up for Ivan on text"}, {"start": "00:29:26", "end": "00:29:30", "text": "bowlmania which is in the description of"}, {"start": "00:29:28", "end": "00:29:33", "text": "every one of the videos that we do now"}, {"start": "00:29:30", "end": "00:29:35", "text": "uh moving forward. So I we'll check to"}, {"start": "00:29:33", "end": "00:29:37", "text": "see if we got any any questions and then"}, {"start": "00:29:35", "end": "00:29:40", "text": "we'll get Ivan out of here so he can go"}, {"start": "00:29:37", "end": "00:29:42", "text": "and make his next 10 billion dollars."}, {"start": "00:29:40", "end": "00:29:44", "text": "Let's see."}, {"start": "00:29:42", "end": "00:29:47", "text": "Well, anything is possible in the next"}, {"start": "00:29:44", "end": "00:29:49", "text": "bull. And that's by the way one thing,"}, {"start": "00:29:47", "end": "00:29:50", "text": "guys. I know many people have lost money"}, {"start": "00:29:49", "end": "00:29:53", "text": "since October. Like it's just a fact."}, {"start": "00:29:50", "end": "00:29:56", "text": "It's just a fact. Uh many people they"}, {"start": "00:29:53", "end": "00:29:57", "text": "they hold all coins they go down and"}, {"start": "00:29:56", "end": "00:29:59", "text": "they don't know they don't have a"}, {"start": "00:29:57", "end": "00:30:00", "text": "strategy. It's a fact. Just know that uh"}, {"start": "00:29:59", "end": "00:30:02", "text": "it's going to be okay. I mean I lost"}, {"start": "00:30:00", "end": "00:30:04", "text": "also a lot of money in my book. I"}, {"start": "00:30:02", "end": "00:30:06", "text": "explained I mean it's uh or it's almost"}, {"start": "00:30:04", "end": "00:30:08", "text": "how many fig it's I lost almost eight"}, {"start": "00:30:06", "end": "00:30:11", "text": "figures in crypto at one point uh a bit"}, {"start": "00:30:08", "end": "00:30:13", "text": "below that and uh it's going to be okay"}, {"start": "00:30:11", "end": "00:30:14", "text": "if you stay another cycle. It's h you're"}, {"start": "00:30:13", "end": "00:30:15", "text": "going to be surprised how things turn"}, {"start": "00:30:14", "end": "00:30:17", "text": "around. But of course you have to learn"}, {"start": "00:30:15", "end": "00:30:19", "text": "from mistake. You have to learn from the"}, {"start": "00:30:17", "end": "00:30:20", "text": "scars that are being created so you"}, {"start": "00:30:19", "end": "00:30:22", "text": "don't so you don't repeat them."}, {"start": "00:30:20", "end": "00:30:24", "text": ">> Yeah. Do you know what I think we got to"}, {"start": "00:30:22", "end": "00:30:26", "text": "do, Ivan? I'm gonna ask you for a favor."}, {"start": "00:30:24", "end": "00:30:27", "text": "I need the uh PDF version of your book"}, {"start": "00:30:26", "end": "00:30:29", "text": "for like two or three so I can give them"}, {"start": "00:30:27", "end": "00:30:31", "text": "away at some point. Can we do that?"}, {"start": "00:30:29", "end": "00:30:31", "text": ">> Yes. Yes. Yes. Of course. Of course. Of"}, {"start": "00:30:31", "end": "00:30:33", "text": "course."}, {"start": "00:30:31", "end": "00:30:34", "text": ">> Well, we can't do it right now because"}, {"start": "00:30:33", "end": "00:30:35", "text": "it's very difficult to get people's"}, {"start": "00:30:34", "end": "00:30:37", "text": "email. I don't want to give my email in"}, {"start": "00:30:35", "end": "00:30:39", "text": "a in a chat session and no one should"}, {"start": "00:30:37", "end": "00:30:40", "text": "either. So, what we'll do is like uh"}, {"start": "00:30:39", "end": "00:30:42", "text": "maybe in the next couple days or so,"}, {"start": "00:30:40", "end": "00:30:44", "text": "we're going to give away Ivan's book."}, {"start": "00:30:42", "end": "00:30:46", "text": "Two or three different individuals. And"}, {"start": "00:30:44", "end": "00:30:48", "text": "uh I got to tell you, it's a great it's"}, {"start": "00:30:46", "end": "00:30:50", "text": "a great book. Look, we're coming up on"}, {"start": "00:30:48", "end": "00:30:52", "text": "30 minutes. Ivan's got stuff to do. I"}, {"start": "00:30:50", "end": "00:30:54", "text": "gotta go. I'm late for a meeting. So,"}, {"start": "00:30:52", "end": "00:30:56", "text": "there's no more questions, guys."}, {"start": "00:30:54", "end": "00:30:57", "text": ">> How often do you swim in that pool? I"}, {"start": "00:30:56", "end": "00:30:58", "text": "think everyone is wondering. You have"}, {"start": "00:30:57", "end": "00:31:00", "text": "this pool. I've never seen you swim"}, {"start": "00:30:58", "end": "00:31:02", "text": "there."}, {"start": "00:31:00", "end": "00:31:05", "text": ">> It's very hard to to to swim into a"}, {"start": "00:31:02", "end": "00:31:07", "text": "green screen. So, like but but there is"}, {"start": "00:31:05", "end": "00:31:10", "text": "like this this one swims in it every so"}, {"start": "00:31:07", "end": "00:31:13", "text": "often, but that's about it. So, all"}, {"start": "00:31:10", "end": "00:31:15", "text": "right. That's that's it for today. Ivan,"}, {"start": "00:31:13", "end": "00:31:17", "text": "thanks for showing up as usual."}, {"start": "00:31:15", "end": "00:31:18", "text": ">> Links in the description. Adios,"}, {"start": "00:31:17", "end": "00:31:21", "text": "everybody."}, {"start": "00:31:18", "end": "00:31:21", "text": ">> Byebye. GZ guys."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "It's going to be a good one. Hey"}, {"start": "00:00:02", "end": "00:00:07", "text": "everybody, welcome to the Sunday show."}, {"start": "00:00:04", "end": "00:00:09", "text": "I'm joined by uh Jerry Hall from Costa"}, {"start": "00:00:07", "end": "00:00:12", "text": "Rica. Jerry, what's what's new today?"}, {"start": "00:00:09", "end": "00:00:13", "text": "What's happening today?"}, {"start": "00:00:12", "end": "00:00:17", "text": ">> Well, I'm just I'm geared up for this"}, {"start": "00:00:13", "end": "00:00:19", "text": "show. I mean, the whole premise of being"}, {"start": "00:00:17", "end": "00:00:20", "text": "in the market versus trying to time the"}, {"start": "00:00:19", "end": "00:00:21", "text": "market."}, {"start": "00:00:20", "end": "00:00:23", "text": ">> I'm geared up for the show"}, {"start": "00:00:21", "end": "00:00:24", "text": ">> has been a conversation we've had for a"}, {"start": "00:00:23", "end": "00:00:26", "text": "long time."}, {"start": "00:00:24", "end": "00:00:28", "text": ">> Being in the market,"}, {"start": "00:00:26", "end": "00:00:30", "text": ">> Hold on real quick. I hear some echo. I"}, {"start": "00:00:28", "end": "00:00:32", "text": "think I don't know if that's from me."}, {"start": "00:00:30", "end": "00:00:34", "text": "or that's from let's see I've had a"}, {"start": "00:00:32", "end": "00:00:36", "text": "bunch of different things on today. Hold"}, {"start": "00:00:34", "end": "00:00:37", "text": "on real quick everybody. Let me make"}, {"start": "00:00:36", "end": "00:00:38", "text": "sure that I am uh"}, {"start": "00:00:37", "end": "00:00:39", "text": ">> from"}, {"start": "00:00:38", "end": "00:00:41", "text": ">> got this in the right way."}, {"start": "00:00:39", "end": "00:00:43", "text": ">> I've had a bunch of different things on"}, {"start": "00:00:41", "end": "00:00:46", "text": "today. Hold on real quick everybody. Let"}, {"start": "00:00:43", "end": "00:00:46", "text": "make sure that I am got this in the"}, {"start": "00:00:46", "end": "00:00:47", "text": "right way."}, {"start": "00:00:46", "end": "00:00:49", "text": ">> Hey Jerry, do me a favor. Mute yourself"}, {"start": "00:00:47", "end": "00:00:51", "text": "and we'll see it's from there or from"}, {"start": "00:00:49", "end": "00:00:52", "text": "me."}, {"start": "00:00:51", "end": "00:00:55", "text": ">> Great. Jerry, it's from you from"}, {"start": "00:00:52", "end": "00:00:57", "text": "somehow. I don't know how that happened."}, {"start": "00:00:55", "end": "00:01:00", "text": "So"}, {"start": "00:00:57", "end": "00:01:02", "text": "that's weird."}, {"start": "00:01:00", "end": "00:01:06", "text": "So anyhow, any this is what we're"}, {"start": "00:01:02", "end": "00:01:09", "text": "talking about today. Uh it's been a"}, {"start": "00:01:06", "end": "00:01:11", "text": "rough rough uh bare market, but I think"}, {"start": "00:01:09", "end": "00:01:13", "text": "it's only going to get worse. So not"}, {"start": "00:01:11", "end": "00:01:16", "text": "here for too much positivity. I"}, {"start": "00:01:13", "end": "00:01:18", "text": "apologize. But if we take a look back"}, {"start": "00:01:16", "end": "00:01:22", "text": "and see where we were actually at not"}, {"start": "00:01:18", "end": "00:01:25", "text": "too long ago in 2018, as a nice little"}, {"start": "00:01:22", "end": "00:01:30", "text": "reminder, man, we had Time flies,"}, {"start": "00:01:25", "end": "00:01:32", "text": "doesn't it? XRP was $3 in 2018 and as of"}, {"start": "00:01:30", "end": "00:01:33", "text": "today, and I'm not for sure this is"}, {"start": "00:01:32", "end": "00:01:35", "text": "actually the right price. That's why I'm"}, {"start": "00:01:33", "end": "00:01:38", "text": "glad everybody's here to to double check"}, {"start": "00:01:35", "end": "00:01:41", "text": "this one. Just over a dollar. Cardono"}, {"start": "00:01:38", "end": "00:01:44", "text": "was a dollar in 2018. 2026 it was 17"}, {"start": "00:01:41", "end": "00:01:48", "text": "cents. Litecoin 200 bucks back in 2018"}, {"start": "00:01:44", "end": "00:01:50", "text": "and now $43 out of 2026. So there's an"}, {"start": "00:01:48", "end": "00:01:53", "text": "old phrase"}, {"start": "00:01:50", "end": "00:01:55", "text": "time in the market beats timing the"}, {"start": "00:01:53", "end": "00:01:57", "text": "market. But there are things that change"}, {"start": "00:01:55", "end": "00:02:00", "text": "just a little bit subtly as time has"}, {"start": "00:01:57", "end": "00:02:03", "text": "gone on. And I think we just saw that on"}, {"start": "00:02:00", "end": "00:02:06", "text": "Friday with the largest IPO for SpaceX,"}, {"start": "00:02:03", "end": "00:02:07", "text": "which was supposed to be I mean some"}, {"start": "00:02:06", "end": "00:02:09", "text": "naysayers saying it was supposed to"}, {"start": "00:02:07", "end": "00:02:12", "text": "collapse and it actually went up over"}, {"start": "00:02:09", "end": "00:02:15", "text": "30%. Now it receded back down to 20%."}, {"start": "00:02:12", "end": "00:02:18", "text": "But I mean to have an IPO of 1.7 down to"}, {"start": "00:02:15", "end": "00:02:20", "text": "over $2.2 trillion is something amazing."}, {"start": "00:02:18", "end": "00:02:21", "text": "So, it's some some of the things we have"}, {"start": "00:02:20", "end": "00:02:23", "text": "to take a look at and go, what is really"}, {"start": "00:02:21", "end": "00:02:25", "text": "the deal? And for people to say, \"Hold"}, {"start": "00:02:23", "end": "00:02:28", "text": "on, Rob, that's those prices aren't"}, {"start": "00:02:25", "end": "00:02:31", "text": "correct.\" Well, this was a January. Take"}, {"start": "00:02:28", "end": "00:02:34", "text": "a look over at uh"}, {"start": "00:02:31", "end": "00:02:34", "text": "coinarketcap.comhistorical"}, {"start": "00:02:34", "end": "00:02:38", "text": "or just do a Google search. I'll try to"}, {"start": "00:02:36", "end": "00:02:40", "text": "link in the description later. Well, we"}, {"start": "00:02:38", "end": "00:02:43", "text": "can see that Bitcoin back then actually"}, {"start": "00:02:40", "end": "00:02:48", "text": "not too bad. $16,000."}, {"start": "00:02:43", "end": "00:02:50", "text": "XRP was $3.37 on 7th of January 2018."}, {"start": "00:02:48", "end": "00:02:54", "text": "Ethereum was a thousand roughly. Bitcoin"}, {"start": "00:02:50", "end": "00:02:55", "text": "Cash was in the top 20. I don't know if"}, {"start": "00:02:54", "end": "00:02:58", "text": "it's still in there, but Bitcoin Cash"}, {"start": "00:02:55", "end": "00:03:00", "text": "was 2,700. Cardano was over well"}, {"start": "00:02:58", "end": "00:03:02", "text": "actually was right at a dollar. I I"}, {"start": "00:03:00", "end": "00:03:03", "text": "apologize. And then there was something"}, {"start": "00:03:02", "end": "00:03:07", "text": "called NEM. I don't know if you guys"}, {"start": "00:03:03", "end": "00:03:11", "text": "remember that. Then Litecoin at 288."}, {"start": "00:03:07", "end": "00:03:15", "text": "Tron at 19. Wow. Stellar 69. IOTA which"}, {"start": "00:03:11", "end": "00:03:19", "text": "went nowhere. Dash at over $1,000 and so"}, {"start": "00:03:15", "end": "00:03:20", "text": "on and so forth. So, these were great"}, {"start": "00:03:19", "end": "00:03:23", "text": "appreciation of value as far as"}, {"start": "00:03:20", "end": "00:03:25", "text": "altcoins, but as far as like"}, {"start": "00:03:23", "end": "00:03:27", "text": "where we could have made a bunch of"}, {"start": "00:03:25", "end": "00:03:29", "text": "funds, it was a pretty good idea to"}, {"start": "00:03:27", "end": "00:03:31", "text": "actually get out. So, we need to start"}, {"start": "00:03:29", "end": "00:03:33", "text": "timing certain things a little bit"}, {"start": "00:03:31", "end": "00:03:35", "text": "better. Now, on this channel, I've"}, {"start": "00:03:33", "end": "00:03:36", "text": "talked a lot about midterm election"}, {"start": "00:03:35", "end": "00:03:38", "text": "years, which is the year we're in right"}, {"start": "00:03:36", "end": "00:03:40", "text": "now, four-year cycles, which also"}, {"start": "00:03:38", "end": "00:03:43", "text": "coincide with the midterm election"}, {"start": "00:03:40", "end": "00:03:45", "text": "years, and also for uh Bitcoin and the"}, {"start": "00:03:43", "end": "00:03:46", "text": "four-year cycle itself. But uh these"}, {"start": "00:03:45", "end": "00:03:49", "text": "days we have to be a little more"}, {"start": "00:03:46", "end": "00:03:52", "text": "diligent especially about selling. So"}, {"start": "00:03:49", "end": "00:03:54", "text": "Jerry, what do you what's your thoughts"}, {"start": "00:03:52", "end": "00:03:55", "text": "on all this this little thesis here that"}, {"start": "00:03:54", "end": "00:03:57", "text": "we need to start really timing things a"}, {"start": "00:03:55", "end": "00:03:59", "text": "little bit better?"}, {"start": "00:03:57", "end": "00:04:01", "text": ">> Well, I think there's for me and I can"}, {"start": "00:03:59", "end": "00:04:04", "text": "only speak for myself."}, {"start": "00:04:01", "end": "00:04:08", "text": "The major contributing factor for"}, {"start": "00:04:04", "end": "00:04:11", "text": "whether I'm going to hold or liquidate"}, {"start": "00:04:08", "end": "00:04:14", "text": "is the amount of profit. Right? Not"}, {"start": "00:04:11", "end": "00:04:16", "text": "everybody bought the same coin at the"}, {"start": "00:04:14", "end": "00:04:19", "text": "same time. I certainly didn't buy"}, {"start": "00:04:16", "end": "00:04:22", "text": "Bitcoin when you bought Bitcoin, right?"}, {"start": "00:04:19", "end": "00:04:25", "text": "You were accumulating in 2017. I didn't"}, {"start": "00:04:22", "end": "00:04:27", "text": "actually start buying in 2018, right?"}, {"start": "00:04:25", "end": "00:04:30", "text": "And we all know that historically"}, {"start": "00:04:27", "end": "00:04:34", "text": "Bitcoin had that huge runup in November"}, {"start": "00:04:30", "end": "00:04:38", "text": "of 17 that took it to like $18,000. I"}, {"start": "00:04:34", "end": "00:04:41", "text": "mean, it was huge. So my my my cost"}, {"start": "00:04:38", "end": "00:04:45", "text": "basis is where I start my decision-"}, {"start": "00:04:41", "end": "00:04:47", "text": "making process. And I just think about"}, {"start": "00:04:45", "end": "00:04:52", "text": "is the dollars that I have in this"}, {"start": "00:04:47", "end": "00:04:55", "text": "asset, are they best kept in this asset"}, {"start": "00:04:52", "end": "00:04:58", "text": "or are they better used somewhere else"}, {"start": "00:04:55", "end": "00:05:01", "text": "for something else? Right. Right."}, {"start": "00:04:58", "end": "00:05:05", "text": ">> And I've made decisions to sell based"}, {"start": "00:05:01", "end": "00:05:09", "text": "off of tax loss harvesting. Right. I"}, {"start": "00:05:05", "end": "00:05:12", "text": "have sold things at a loss to cover"}, {"start": "00:05:09", "end": "00:05:14", "text": "gains in other things that I have taken"}, {"start": "00:05:12", "end": "00:05:15", "text": "big profits in."}, {"start": "00:05:14", "end": "00:05:18", "text": ">> Oo, nice."}, {"start": "00:05:15", "end": "00:05:20", "text": ">> Right. And it was basically because I"}, {"start": "00:05:18", "end": "00:05:23", "text": "basically had determined whether for"}, {"start": "00:05:20", "end": "00:05:25", "text": "right or for wrong that the asset that I"}, {"start": "00:05:23", "end": "00:05:27", "text": "was selling at a loss most likely was"}, {"start": "00:05:25", "end": "00:05:30", "text": "going to continue to be a loss for as"}, {"start": "00:05:27", "end": "00:05:31", "text": "long as I owned it. And I've got like"}, {"start": "00:05:30", "end": "00:05:34", "text": "it's we've talked about it on the show"}, {"start": "00:05:31", "end": "00:05:37", "text": "many times. I got 50 60 altcoins that"}, {"start": "00:05:34", "end": "00:05:40", "text": "probably 40 of them will never ever be"}, {"start": "00:05:37", "end": "00:05:44", "text": "anything. That's just the truth, right?"}, {"start": "00:05:40", "end": "00:05:47", "text": "And so are they strategically good"}, {"start": "00:05:44", "end": "00:05:49", "text": "things to keep not for the hope of"}, {"start": "00:05:47", "end": "00:05:52", "text": "appreciation"}, {"start": "00:05:49", "end": "00:05:54", "text": "but for the ability to sell at a loss to"}, {"start": "00:05:52", "end": "00:05:57", "text": "offset gains when I do want to take"}, {"start": "00:05:54", "end": "00:06:01", "text": "profits in Bitcoin or I do want to take"}, {"start": "00:05:57", "end": "00:06:03", "text": "profits in Ethereum or Salana or XRP or"}, {"start": "00:06:01", "end": "00:06:04", "text": "whatever is profitable. Does does that"}, {"start": "00:06:03", "end": "00:06:06", "text": "make sense?"}, {"start": "00:06:04", "end": "00:06:08", "text": ">> Yeah, it makes sense."}, {"start": "00:06:06", "end": "00:06:10", "text": "I start my that's my decision"}, {"start": "00:06:08", "end": "00:06:13", "text": "makingaking tree."}, {"start": "00:06:10", "end": "00:06:14", "text": "when it comes to am I going to sell or"}, {"start": "00:06:13", "end": "00:06:16", "text": "gonna hold."}, {"start": "00:06:14", "end": "00:06:18", "text": ">> Yeah. And I think if um the the problem"}, {"start": "00:06:16", "end": "00:06:21", "text": "is I think people diamond hands it too"}, {"start": "00:06:18", "end": "00:06:23", "text": "much now here we are. But I think the"}, {"start": "00:06:21", "end": "00:06:25", "text": "core people that are here right now if"}, {"start": "00:06:23", "end": "00:06:27", "text": "you're here right now you've been"}, {"start": "00:06:25", "end": "00:06:30", "text": "through a cycle or two or like me and"}, {"start": "00:06:27", "end": "00:06:32", "text": "Jerry three or so and you understand"}, {"start": "00:06:30", "end": "00:06:34", "text": "that hey it's okay to take profits. No"}, {"start": "00:06:32", "end": "00:06:37", "text": "one's going to criminalize you. And I"}, {"start": "00:06:34", "end": "00:06:38", "text": "think it's something that um we should"}, {"start": "00:06:37", "end": "00:06:39", "text": "uh always have in our mind. There's a"}, {"start": "00:06:38", "end": "00:06:42", "text": "reason why I made those rules that are"}, {"start": "00:06:39", "end": "00:06:44", "text": "right under Jerry in 2022 because I was"}, {"start": "00:06:42", "end": "00:06:46", "text": "tired of roundt tripping everything."}, {"start": "00:06:44", "end": "00:06:48", "text": "That last one is take profits. And I"}, {"start": "00:06:46", "end": "00:06:51", "text": "think in this situation moving forward,"}, {"start": "00:06:48", "end": "00:06:54", "text": "I think the the speculation is still"}, {"start": "00:06:51", "end": "00:06:57", "text": "there for sure. But just just remember"}, {"start": "00:06:54", "end": "00:06:59", "text": "as a reminder all the different things"}, {"start": "00:06:57", "end": "00:07:01", "text": "that are are going on in the space, you"}, {"start": "00:06:59", "end": "00:07:02", "text": "have to take profits at some point. And"}, {"start": "00:07:01", "end": "00:07:05", "text": "like Jerry talked about, he's like it's"}, {"start": "00:07:02", "end": "00:07:07", "text": "my cost basis. Hey, if I'm going up and"}, {"start": "00:07:05", "end": "00:07:08", "text": "I, you know, hope Jerry probably has,"}, {"start": "00:07:07", "end": "00:07:10", "text": "you know, an entry point and an exit"}, {"start": "00:07:08", "end": "00:07:12", "text": "point, then he probably calls that"}, {"start": "00:07:10", "end": "00:07:13", "text": "before he even does it. Says, \"Okay, I"}, {"start": "00:07:12", "end": "00:07:14", "text": "make this much and then I'm out.\" And"}, {"start": "00:07:13", "end": "00:07:15", "text": "that's pretty much it. That's where"}, {"start": "00:07:14", "end": "00:07:19", "text": "we're actually at, especially with"}, {"start": "00:07:15", "end": "00:07:20", "text": "altcoins. Now, this"}, {"start": "00:07:19", "end": "00:07:25", "text": "three ring circus that we have here,"}, {"start": "00:07:20", "end": "00:07:25", "text": "XRP, Cardono, Litecoin."}, {"start": "00:07:25", "end": "00:07:28", "text": "We're taking a look at the prices back"}, {"start": "00:07:27", "end": "00:07:30", "text": "then and you'll notice that they were"}, {"start": "00:07:28", "end": "00:07:32", "text": "much higher back in those days because"}, {"start": "00:07:30", "end": "00:07:35", "text": "we went through a rotation roughly"}, {"start": "00:07:32", "end": "00:07:37", "text": "December 17th, December 16th, 2017 is"}, {"start": "00:07:35", "end": "00:07:38", "text": "when Bitcoin topped out. Correct me in"}, {"start": "00:07:37", "end": "00:07:41", "text": "the comment section. Then it rotated"}, {"start": "00:07:38", "end": "00:07:44", "text": "into alts. The same thing happened in"}, {"start": "00:07:41", "end": "00:07:47", "text": "November of 2021. Bitcoin topped out,"}, {"start": "00:07:44", "end": "00:07:49", "text": "then it rotated into alts. It did not"}, {"start": "00:07:47", "end": "00:07:52", "text": "happen this time when we went into"}, {"start": "00:07:49", "end": "00:07:54", "text": "October 6, 2025. There was no rotation"}, {"start": "00:07:52", "end": "00:07:57", "text": "into alts. Alts got slaughtered. And"}, {"start": "00:07:54", "end": "00:07:58", "text": "here we actually are. So when people say"}, {"start": "00:07:57", "end": "00:07:59", "text": "don't say this time is different. Well"}, {"start": "00:07:58", "end": "00:08:02", "text": "that time was different. That's pretty"}, {"start": "00:07:59", "end": "00:08:05", "text": "much it. So what I want to take a look"}, {"start": "00:08:02", "end": "00:08:07", "text": "at though is as a reminder is the price"}, {"start": "00:08:05", "end": "00:08:10", "text": "in 2018"}, {"start": "00:08:07", "end": "00:08:10", "text": "for Bitcoin"}, {"start": "00:08:11", "end": "00:08:16", "text": "was 16,000."}, {"start": "00:08:13", "end": "00:08:19", "text": "So it is"}, {"start": "00:08:16", "end": "00:08:21", "text": "the shining star as of today. Jerry,"}, {"start": "00:08:19", "end": "00:08:22", "text": "what's the price for Bitcoin this"}, {"start": "00:08:21", "end": "00:08:24", "text": "morning? Today you know"}, {"start": "00:08:22", "end": "00:08:26", "text": ">> 64"}, {"start": "00:08:24", "end": "00:08:27", "text": "Wow."}, {"start": "00:08:26", "end": "00:08:29", "text": ">> 64,000."}, {"start": "00:08:27", "end": "00:08:31", "text": ">> Check this out. I wanted to show you"}, {"start": "00:08:29", "end": "00:08:32", "text": "guys something because right now I get a"}, {"start": "00:08:31", "end": "00:08:35", "text": "lot of questions like, you know, should"}, {"start": "00:08:32", "end": "00:08:37", "text": "I should I uh get into it? Should I"}, {"start": "00:08:35", "end": "00:08:38", "text": "invest dollar cost average? I I don't"}, {"start": "00:08:37", "end": "00:08:40", "text": "know what you should do. I can tell you"}, {"start": "00:08:38", "end": "00:08:42", "text": "that every Monday I'm buying. Tomorrow"}, {"start": "00:08:40", "end": "00:08:43", "text": "I'll be buying depending on actually we"}, {"start": "00:08:42", "end": "00:08:46", "text": "need to look at the risk levels. But I"}, {"start": "00:08:43", "end": "00:08:49", "text": "want to show you something real quick."}, {"start": "00:08:46", "end": "00:08:51", "text": "Let's say you wanted to just do BCA"}, {"start": "00:08:49", "end": "00:08:55", "text": "equal amounts at 10 bucks. And I went"}, {"start": "00:08:51", "end": "00:08:56", "text": "back four years, June 14, 2022, because"}, {"start": "00:08:55", "end": "00:08:58", "text": "things start to they rhyme a little bit."}, {"start": "00:08:56", "end": "00:09:01", "text": "They're not perfect. If you put 10 bucks"}, {"start": "00:08:58", "end": "00:09:05", "text": "in a day into Bitcoin from June 14,"}, {"start": "00:09:01", "end": "00:09:07", "text": "2022, at the peak, at the peaky peak,"}, {"start": "00:09:05", "end": "00:09:11", "text": "you are up 226%."}, {"start": "00:09:07", "end": "00:09:13", "text": "I want you to remember that 226%."}, {"start": "00:09:11", "end": "00:09:17", "text": "Now, right down, right now, you're only"}, {"start": "00:09:13", "end": "00:09:19", "text": "up 70%, but not too bad. Not too bad."}, {"start": "00:09:17", "end": "00:09:21", "text": "And that's BCI equal amount. But if you"}, {"start": "00:09:19", "end": "00:09:23", "text": "did this, let's just say you lump summed"}, {"start": "00:09:21", "end": "00:09:26", "text": "because over here when you're ding an"}, {"start": "00:09:23", "end": "00:09:28", "text": "equal amount, you invested $12,000."}, {"start": "00:09:26", "end": "00:09:31", "text": "Let's do a lump sum and let's do five"}, {"start": "00:09:28", "end": "00:09:33", "text": "grand. Let's just say I got five grand"}, {"start": "00:09:31", "end": "00:09:37", "text": "to throw. I'll throw into Bitcoin in"}, {"start": "00:09:33", "end": "00:09:40", "text": "June 14, 2022. If you went on $5,000 on"}, {"start": "00:09:37", "end": "00:09:44", "text": "that date, which again the price is"}, {"start": "00:09:40", "end": "00:09:47", "text": "pretty good, June 14th, you know how"}, {"start": "00:09:44", "end": "00:09:49", "text": "much you'd be up today?"}, {"start": "00:09:47", "end": "00:09:51", "text": "461%."}, {"start": "00:09:49", "end": "00:09:53", "text": "But again, when we talk about this,"}, {"start": "00:09:51", "end": "00:09:55", "text": "we're like, okay, well, now we're trying"}, {"start": "00:09:53", "end": "00:09:57", "text": "to be timing the market. What about"}, {"start": "00:09:55", "end": "00:10:01", "text": "timing? Well, there's this flip side to"}, {"start": "00:09:57", "end": "00:10:04", "text": "this, which is the dynamic DCA, which"}, {"start": "00:10:01", "end": "00:10:06", "text": "I'm doing right now. As those levels"}, {"start": "00:10:04", "end": "00:10:08", "text": "start to go up and down, and just"}, {"start": "00:10:06", "end": "00:10:10", "text": "depending, we can see them down here. As"}, {"start": "00:10:08", "end": "00:10:12", "text": "the price starts to go down, you either"}, {"start": "00:10:10", "end": "00:10:14", "text": "double, quadruple, 8x what you're"}, {"start": "00:10:12", "end": "00:10:16", "text": "actually putting in depending on how far"}, {"start": "00:10:14", "end": "00:10:18", "text": "it goes down. Right? This is 2x, 4x, 8x,"}, {"start": "00:10:16", "end": "00:10:21", "text": "16x. You can see that during this time"}, {"start": "00:10:18", "end": "00:10:23", "text": "of and just putting actually I can't put"}, {"start": "00:10:21", "end": "00:10:26", "text": "$5,000 a day. I'm not a I'm not Jerry"}, {"start": "00:10:23", "end": "00:10:28", "text": "for Pete's sakes. 10 bucks a day and I"}, {"start": "00:10:26", "end": "00:10:30", "text": "do this. Actually, it's all percentages."}, {"start": "00:10:28", "end": "00:10:32", "text": "Who cares? I would be buying all the way"}, {"start": "00:10:30", "end": "00:10:35", "text": "into 2023. Then I'd pretty much be out"}, {"start": "00:10:32", "end": "00:10:37", "text": "for a little bit and I just ride it up"}, {"start": "00:10:35", "end": "00:10:41", "text": "and not do too much until right over"}, {"start": "00:10:37", "end": "00:10:43", "text": "here, November 2025. I'd start"}, {"start": "00:10:41", "end": "00:10:45", "text": "accumulating again. If I would have done"}, {"start": "00:10:43", "end": "00:10:48", "text": "that,"}, {"start": "00:10:45", "end": "00:10:51", "text": "I'd be at 483%. So, I didn't have to put"}, {"start": "00:10:48", "end": "00:10:53", "text": "the 5,000 bucks in in the beginning for"}, {"start": "00:10:51", "end": "00:10:57", "text": "that time. But the last thing I will say"}, {"start": "00:10:53", "end": "00:10:59", "text": "is this. At this point, how much I put"}, {"start": "00:10:57", "end": "00:11:03", "text": "in,"}, {"start": "00:10:59", "end": "00:11:03", "text": "I had to invest $14,000"}, {"start": "00:11:04", "end": "00:11:09", "text": "to get to that 477%."}, {"start": "00:11:07", "end": "00:11:10", "text": "So, when people say, you know, you don't"}, {"start": "00:11:09", "end": "00:11:13", "text": "have to time it. It's not a big deal."}, {"start": "00:11:10", "end": "00:11:16", "text": "Time in. It's true. safe, but that lump"}, {"start": "00:11:13", "end": "00:11:19", "text": "sum all the way back here outperformed"}, {"start": "00:11:16", "end": "00:11:22", "text": "what you did by dynamically DCAing by a"}, {"start": "00:11:19", "end": "00:11:23", "text": "much lesser amount. Jerry, thoughts on"}, {"start": "00:11:22", "end": "00:11:26", "text": "that?"}, {"start": "00:11:23", "end": "00:11:28", "text": ">> You know, I think again back to"}, {"start": "00:11:26", "end": "00:11:31", "text": "everybody has to understand what"}, {"start": "00:11:28", "end": "00:11:34", "text": "resources do they have available, what"}, {"start": "00:11:31", "end": "00:11:37", "text": "can they do, and what they can do, how"}, {"start": "00:11:34", "end": "00:11:40", "text": "does it align with their conviction or"}, {"start": "00:11:37", "end": "00:11:43", "text": "their the story? Because at the end of"}, {"start": "00:11:40", "end": "00:11:48", "text": "the day, investing is just a way for you"}, {"start": "00:11:43", "end": "00:11:50", "text": "to bet on the story that you see"}, {"start": "00:11:48", "end": "00:11:53", "text": ">> playing out in front of you. Yeah."}, {"start": "00:11:50", "end": "00:11:57", "text": ">> Right. You and I come from a place where"}, {"start": "00:11:53", "end": "00:12:01", "text": ">> when we learned about inflation and the"}, {"start": "00:11:57", "end": "00:12:04", "text": "the um devaluing of the US dollar,"}, {"start": "00:12:01", "end": "00:12:08", "text": "right? and we started to understand the"}, {"start": "00:12:04", "end": "00:12:11", "text": "difference between currency and assets"}, {"start": "00:12:08", "end": "00:12:13", "text": "and how value flows from one to another,"}, {"start": "00:12:11", "end": "00:12:16", "text": "then Bitcoin made a lot of sense to guys"}, {"start": "00:12:13", "end": "00:12:20", "text": "like you and me, right? not so much to"}, {"start": "00:12:16", "end": "00:12:23", "text": "guys like uh Charlie Mer and and Warren"}, {"start": "00:12:20", "end": "00:12:27", "text": "Buffett, but we and we understood it."}, {"start": "00:12:23", "end": "00:12:30", "text": "And so we started to bet on the story"}, {"start": "00:12:27", "end": "00:12:32", "text": "and the directionality of the way we"}, {"start": "00:12:30", "end": "00:12:34", "text": "thought things are going to play out. At"}, {"start": "00:12:32", "end": "00:12:37", "text": "the end of the day, that's all investing"}, {"start": "00:12:34", "end": "00:12:39", "text": "is, right? So people need to have kind"}, {"start": "00:12:37", "end": "00:12:41", "text": "of an understanding of where they think"}, {"start": "00:12:39", "end": "00:12:44", "text": "the world's going to go and then they"}, {"start": "00:12:41", "end": "00:12:47", "text": "should accordingly take their resources"}, {"start": "00:12:44", "end": "00:12:49", "text": "and allocate them towards that story or"}, {"start": "00:12:47", "end": "00:12:52", "text": "that end or that trend or that"}, {"start": "00:12:49", "end": "00:12:54", "text": "direction. And everybody's going to be"}, {"start": "00:12:52", "end": "00:12:56", "text": "different. That's what makes this so"}, {"start": "00:12:54", "end": "00:12:58", "text": "incredible, right? is that there is no"}, {"start": "00:12:56", "end": "00:13:01", "text": "one-sizefits-all"}, {"start": "00:12:58", "end": "00:13:05", "text": "answer to any one question in the world"}, {"start": "00:13:01", "end": "00:13:08", "text": "of economy, finance, global markets."}, {"start": "00:13:05", "end": "00:13:10", "text": "It's all one big hodgepodge and we're"}, {"start": "00:13:08", "end": "00:13:11", "text": "just trying to make sense of it for"}, {"start": "00:13:10", "end": "00:13:13", "text": "ourselves."}, {"start": "00:13:11", "end": "00:13:16", "text": ">> It is a hodgepodge trying to definitely"}, {"start": "00:13:13", "end": "00:13:19", "text": "make sense, but it's not it of course is"}, {"start": "00:13:16", "end": "00:13:20", "text": "not too easy going through there. Hey,"}, {"start": "00:13:19", "end": "00:13:22", "text": "there was one more thing I wanted to"}, {"start": "00:13:20", "end": "00:13:23", "text": "check out and I was just as we were as I"}, {"start": "00:13:22", "end": "00:13:28", "text": "was listening to Jerry just thinking"}, {"start": "00:13:23", "end": "00:13:31", "text": "about things. I wanted to I wondered"}, {"start": "00:13:28", "end": "00:13:34", "text": "let's do we did a lump sum"}, {"start": "00:13:31", "end": "00:13:37", "text": "on June 14, 2022. What was the price"}, {"start": "00:13:34", "end": "00:13:40", "text": "back then? I wonder"}, {"start": "00:13:37", "end": "00:13:40", "text": "let me see."}, {"start": "00:13:44", "end": "00:13:48", "text": "June June June. Well, we'll do June"}, {"start": "00:13:46", "end": "00:13:53", "text": "12th."}, {"start": "00:13:48", "end": "00:13:56", "text": "Okay, $26,000 roughly, you know, at that"}, {"start": "00:13:53", "end": "00:13:58", "text": "point. What if we waited and we timed it"}, {"start": "00:13:56", "end": "00:14:03", "text": "perfectly, which nobody does, I might"}, {"start": "00:13:58", "end": "00:14:03", "text": "add, but let's just say we timed it"}, {"start": "00:14:03", "end": "00:14:06", "text": "November."}, {"start": "00:14:08", "end": "00:14:15", "text": "I forgot the November 7th, maybe"}, {"start": "00:14:11", "end": "00:14:18", "text": ">> 13th. All right,"}, {"start": "00:14:15", "end": "00:14:21", "text": "we went all in for $5,000"}, {"start": "00:14:18", "end": "00:14:25", "text": "and we lump summed it at that. Would we"}, {"start": "00:14:21", "end": "00:14:26", "text": "be up over 480% at the top?"}, {"start": "00:14:25", "end": "00:14:29", "text": "Look at that."}, {"start": "00:14:26", "end": "00:14:30", "text": "645%."}, {"start": "00:14:29", "end": "00:14:32", "text": "Now, I'm just running through these"}, {"start": "00:14:30", "end": "00:14:34", "text": "numbers not to say, \"Hey, you need to"}, {"start": "00:14:32", "end": "00:14:37", "text": "time it perfectly. Get out there, champ."}, {"start": "00:14:34", "end": "00:14:40", "text": "Have a good time.\" No, I'm just saying"}, {"start": "00:14:37", "end": "00:14:42", "text": "that timing is a little bit of"}, {"start": "00:14:40", "end": "00:14:45", "text": "importance, especially as we move"}, {"start": "00:14:42", "end": "00:14:47", "text": "forward. Wow, it went from 480% to 645%."}, {"start": "00:14:45", "end": "00:14:51", "text": "Would anybody be upset if they just did"}, {"start": "00:14:47", "end": "00:14:52", "text": "a 480% increase over time? Would you be"}, {"start": "00:14:51", "end": "00:14:54", "text": "really ticked off or would you like,"}, {"start": "00:14:52", "end": "00:14:56", "text": "damn it, I really need that 650% or"}, {"start": "00:14:54", "end": "00:14:58", "text": "whatever it was? That's what we have."}, {"start": "00:14:56", "end": "00:15:00", "text": "So, all these things that we talk about"}, {"start": "00:14:58", "end": "00:15:03", "text": "are just theories. Again, I think it's"}, {"start": "00:15:00", "end": "00:15:05", "text": "important that we pick our spots. But"}, {"start": "00:15:03", "end": "00:15:06", "text": "coming up for this week, as a reminder,"}, {"start": "00:15:05", "end": "00:15:08", "text": "well, there's two things actually. I"}, {"start": "00:15:06", "end": "00:15:10", "text": "want to take a look at this. And I'm"}, {"start": "00:15:08", "end": "00:15:13", "text": "stealing all the information from Ben's"}, {"start": "00:15:10", "end": "00:15:14", "text": "Cowan's website if you'd like to check"}, {"start": "00:15:13", "end": "00:15:15", "text": "it out. A lot of this stuff is free"}, {"start": "00:15:14", "end": "00:15:18", "text": "actually. I don't know if you guys can"}, {"start": "00:15:15", "end": "00:15:21", "text": "do that, but you can sign up and uh I"}, {"start": "00:15:18", "end": "00:15:22", "text": "mean, it's it's guarded behind a payw"}, {"start": "00:15:21", "end": "00:15:24", "text": "wall for some for a good amount of"}, {"start": "00:15:22", "end": "00:15:25", "text": "stuff, but some of this stuff is free."}, {"start": "00:15:24", "end": "00:15:28", "text": "There's a link in the description. 10%"}, {"start": "00:15:25", "end": "00:15:31", "text": "off the first month. Have at it. But uh"}, {"start": "00:15:28", "end": "00:15:34", "text": "we are dangerously close, Jerry, for me"}, {"start": "00:15:31", "end": "00:15:38", "text": "to having to quadruple up my payments"}, {"start": "00:15:34", "end": "00:15:40", "text": "for Bitcoin for tomorrow. It's 0.302."}, {"start": "00:15:38", "end": "00:15:43", "text": "It's just teetering on it. So tomorrow"}, {"start": "00:15:40", "end": "00:15:46", "text": "when my Cash App fires because I'm doing"}, {"start": "00:15:43", "end": "00:15:48", "text": "the uh I use Cash App, which I got to"}, {"start": "00:15:46", "end": "00:15:51", "text": "tell you, the spreads are very low and"}, {"start": "00:15:48", "end": "00:15:53", "text": "the fees are super low if and only if"}, {"start": "00:15:51", "end": "00:15:55", "text": "you do recurring buys. If you do"}, {"start": "00:15:53", "end": "00:15:58", "text": "oneoffs, Jack Dorsey is like, \"No, no, I"}, {"start": "00:15:55", "end": "00:16:00", "text": "want you to keep buying.\" So, uh, check"}, {"start": "00:15:58", "end": "00:16:03", "text": "that out as well. But yeah, once it goes"}, {"start": "00:16:00", "end": "00:16:05", "text": "below 0.30, I have to quadruple up. So,"}, {"start": "00:16:03", "end": "00:16:08", "text": "we'll see what happen. All it has to do"}, {"start": "00:16:05", "end": "00:16:09", "text": "is go below 63,000. We'll see. But as a"}, {"start": "00:16:08", "end": "00:16:11", "text": "reminder, and I might because next week"}, {"start": "00:16:09", "end": "00:16:13", "text": "is this, and we talked about this"}, {"start": "00:16:11", "end": "00:16:15", "text": "yesterday, Bank of Japan is expected to"}, {"start": "00:16:13", "end": "00:16:18", "text": "raise rates to 1% on Tuesday. The Fed's"}, {"start": "00:16:15", "end": "00:16:20", "text": "meeting on Wednesday. Inflation is up. I"}, {"start": "00:16:18", "end": "00:16:22", "text": "don't know how the heck they're going to"}, {"start": "00:16:20", "end": "00:16:24", "text": "not raise rates, but everybody believes"}, {"start": "00:16:22", "end": "00:16:25", "text": "that it's just going to be straight up"}, {"start": "00:16:24", "end": "00:16:27", "text": "flat, and they're not going to raise."}, {"start": "00:16:25", "end": "00:16:29", "text": "But Jerry, as time goes on, this is"}, {"start": "00:16:27", "end": "00:16:31", "text": "right up your alley."}, {"start": "00:16:29", "end": "00:16:33", "text": "Refinancing debt. That's a lot of debt"}, {"start": "00:16:31", "end": "00:16:35", "text": "to go through. That's a lot of inflation"}, {"start": "00:16:33", "end": "00:16:36", "text": "going through. Do you see anything else"}, {"start": "00:16:35", "end": "00:16:37", "text": "happening with the Federal Reserve that"}, {"start": "00:16:36", "end": "00:16:40", "text": "people are missing?"}, {"start": "00:16:37", "end": "00:16:42", "text": ">> Well, I think the one element that's"}, {"start": "00:16:40", "end": "00:16:46", "text": "really pertinent to the Bitcoin or the"}, {"start": "00:16:42", "end": "00:16:49", "text": "crypto world is that we're always asking"}, {"start": "00:16:46", "end": "00:16:51", "text": "oursel who are these sellers, right? We"}, {"start": "00:16:49", "end": "00:16:53", "text": "know Michael Sailor's not selling. He's"}, {"start": "00:16:51", "end": "00:16:57", "text": "the largest buyer in the world. We know"}, {"start": "00:16:53", "end": "00:17:03", "text": "that that Black Rockck is only selling"}, {"start": "00:16:57", "end": "00:17:04", "text": "ETF Bitcoin when the ETF shares are"}, {"start": "00:17:03", "end": "00:17:07", "text": "being sold. So that's pretty easy to"}, {"start": "00:17:04", "end": "00:17:10", "text": "see, right? If the net flows into the"}, {"start": "00:17:07", "end": "00:17:13", "text": "ETFs are greater than the outflows,"}, {"start": "00:17:10", "end": "00:17:15", "text": "there should be a net increase in buying"}, {"start": "00:17:13", "end": "00:17:17", "text": "pressure on Bitcoin. Okay, great. One"}, {"start": "00:17:15", "end": "00:17:18", "text": "thing that we're not taking into"}, {"start": "00:17:17", "end": "00:17:20", "text": "account, or at least I don't see a lot"}, {"start": "00:17:18", "end": "00:17:24", "text": "of people talking about are all the"}, {"start": "00:17:20", "end": "00:17:28", "text": "hedge funds that are playing that game"}, {"start": "00:17:24", "end": "00:17:31", "text": "of the Japanese yen carry trade. In"}, {"start": "00:17:28", "end": "00:17:34", "text": "other words, borrowing in yen,"}, {"start": "00:17:31", "end": "00:17:36", "text": ">> buying assets like Bitcoin, capturing"}, {"start": "00:17:34", "end": "00:17:39", "text": "the arbitrage, the the the delta, the"}, {"start": "00:17:36", "end": "00:17:42", "text": "difference, and just rinsing and"}, {"start": "00:17:39", "end": "00:17:46", "text": "repeating, rinsing and repeating. Well,"}, {"start": "00:17:42", "end": "00:17:49", "text": "when something like the Japanese Fed"}, {"start": "00:17:46", "end": "00:17:53", "text": "rate goes up,"}, {"start": "00:17:49", "end": "00:17:55", "text": "it puts a strain on all that debt that"}, {"start": "00:17:53", "end": "00:17:57", "text": "needs to get refinanced, right? Because"}, {"start": "00:17:55", "end": "00:17:59", "text": "it can't refinance at a cheaper rate."}, {"start": "00:17:57", "end": "00:18:02", "text": "It's actually refinancing at a higher"}, {"start": "00:17:59", "end": "00:18:04", "text": "rate. Now, instead of capturing a delta,"}, {"start": "00:18:02", "end": "00:18:07", "text": "they have to pay a premium. Where does"}, {"start": "00:18:04", "end": "00:18:09", "text": "that premium come from? It comes from"}, {"start": "00:18:07", "end": "00:18:12", "text": "the Bitcoin they bought. So now these"}, {"start": "00:18:09", "end": "00:18:15", "text": "hedge funds become sellers into the"}, {"start": "00:18:12", "end": "00:18:20", "text": "market and I think there's an element of"}, {"start": "00:18:15", "end": "00:18:23", "text": "this recent we'll call it purge in the"}, {"start": "00:18:20", "end": "00:18:26", "text": "market is a direct result of these guys"}, {"start": "00:18:23", "end": "00:18:28", "text": "who are in these bond guys are the best"}, {"start": "00:18:26", "end": "00:18:32", "text": "credit dudes in the world. They saw this"}, {"start": "00:18:28", "end": "00:18:35", "text": "coming. Hence why you're, you know, why"}, {"start": "00:18:32", "end": "00:18:39", "text": "this unwind that's happened the last"}, {"start": "00:18:35", "end": "00:18:40", "text": "month plus has been occurring and and I"}, {"start": "00:18:39", "end": "00:18:41", "text": "think it's going to be really"}, {"start": "00:18:40", "end": "00:18:44", "text": "interesting to see how the next three"}, {"start": "00:18:41", "end": "00:18:47", "text": "months plays out because if they do"}, {"start": "00:18:44", "end": "00:18:49", "text": "incrementally start going up and are Fed"}, {"start": "00:18:47", "end": "00:18:50", "text": "doesn't come down."}, {"start": "00:18:49", "end": "00:18:54", "text": ">> Yeah."}, {"start": "00:18:50", "end": "00:18:57", "text": "then then there'll be there will be 100%"}, {"start": "00:18:54", "end": "00:19:01", "text": "a rippling effect and it's always the"}, {"start": "00:18:57", "end": "00:19:03", "text": "most liquid assets that get and that had"}, {"start": "00:19:01", "end": "00:19:06", "text": "the highest profitability are the ones"}, {"start": "00:19:03", "end": "00:19:07", "text": "that get out the door first because they"}, {"start": "00:19:06", "end": "00:19:10", "text": "have to cover they have to cover"}, {"start": "00:19:07", "end": "00:19:11", "text": "shortfalls. They have to cover or they"}, {"start": "00:19:10", "end": "00:19:14", "text": "go out of business."}, {"start": "00:19:11", "end": "00:19:16", "text": ">> Exactly. Like like when I'm dumping on"}, {"start": "00:19:14", "end": "00:19:18", "text": "everybody in the audience, I'm not"}, {"start": "00:19:16", "end": "00:19:21", "text": "dumping per se. I'm just protecting my"}, {"start": "00:19:18", "end": "00:19:23", "text": "downside. That's pretty much it. So when"}, {"start": "00:19:21", "end": "00:19:26", "text": "you hear me that I'm selling, just"}, {"start": "00:19:23", "end": "00:19:28", "text": "remember it. I just have to do it. I"}, {"start": "00:19:26", "end": "00:19:32", "text": "protect everybody. So we talk about"}, {"start": "00:19:28", "end": "00:19:35", "text": "that. Jerry, good. Well, definitely well"}, {"start": "00:19:32", "end": "00:19:36", "text": "put. Then uh there was one last thing I"}, {"start": "00:19:35", "end": "00:19:39", "text": "wanted to talk about before we get into"}, {"start": "00:19:36", "end": "00:19:43", "text": "a little Q&A, which is"}, {"start": "00:19:39", "end": "00:19:46", "text": "AI. I know, I know, but it's it's"}, {"start": "00:19:43", "end": "00:19:49", "text": "interesting about how this actually"}, {"start": "00:19:46", "end": "00:19:51", "text": "folded over into our category. So, this"}, {"start": "00:19:49", "end": "00:19:52", "text": "is from Biggeemine. If you guys don't"}, {"start": "00:19:51", "end": "00:19:55", "text": "haven't heard about this, there is an"}, {"start": "00:19:52", "end": "00:19:57", "text": "LLM. It is called Claude from Anthropic."}, {"start": "00:19:55", "end": "00:19:58", "text": "And they just released this one called"}, {"start": "00:19:57", "end": "00:20:03", "text": "Fable 5, which I got to tell you is"}, {"start": "00:19:58", "end": "00:20:07", "text": "fantastic. I was able to clone a entire"}, {"start": "00:20:03", "end": "00:20:10", "text": "money processing app that uh records all"}, {"start": "00:20:07", "end": "00:20:12", "text": "of our functions through our tenants for"}, {"start": "00:20:10", "end": "00:20:15", "text": "our apartments and houses. And it did it"}, {"start": "00:20:12", "end": "00:20:17", "text": "for free. And it was pretty awesome. And"}, {"start": "00:20:15", "end": "00:20:19", "text": "then as it was going through it, right"}, {"start": "00:20:17", "end": "00:20:21", "text": "before I was about to to to get"}, {"start": "00:20:19", "end": "00:20:23", "text": "everything done, it said Fable 5 is not"}, {"start": "00:20:21", "end": "00:20:25", "text": "allowed. I said, \"What the hell is"}, {"start": "00:20:23", "end": "00:20:27", "text": "this?\" And apparently, and there's a big"}, {"start": "00:20:25", "end": "00:20:31", "text": "story behind this. I'm not going to get"}, {"start": "00:20:27", "end": "00:20:32", "text": "into the minutia of it, but uh Anthropic"}, {"start": "00:20:31", "end": "00:20:34", "text": "had to shut it down because the United"}, {"start": "00:20:32", "end": "00:20:37", "text": "States government told them to shut it"}, {"start": "00:20:34", "end": "00:20:40", "text": "down and they did. And because of that,"}, {"start": "00:20:37", "end": "00:20:43", "text": "two days ago, US ban clawed Fable 5."}, {"start": "00:20:40", "end": "00:20:44", "text": "Yesterday, China dropped GLM 5.2. I"}, {"start": "00:20:43", "end": "00:20:47", "text": "don't know what this is. I guess is"}, {"start": "00:20:44", "end": "00:20:49", "text": "another LM. GLM 5.2 is number one on"}, {"start": "00:20:47", "end": "00:20:52", "text": "Bridgebench at 100 and number one on"}, {"start": "00:20:49", "end": "00:20:55", "text": "reasoning at 42.8, beating Fable 5 at"}, {"start": "00:20:52", "end": "00:20:57", "text": "onetenth the cost and 300 tokens per"}, {"start": "00:20:55", "end": "00:20:59", "text": "second. I wonder if because Fable 5 came"}, {"start": "00:20:57", "end": "00:21:01", "text": "out, they were able to duplicate what"}, {"start": "00:20:59", "end": "00:21:03", "text": "they saw and just run just reverse"}, {"start": "00:21:01", "end": "00:21:05", "text": "engineered it and then made this into"}, {"start": "00:21:03", "end": "00:21:08", "text": "their big unbeatable. But again, when"}, {"start": "00:21:05", "end": "00:21:10", "text": "the government steps in, never a good"}, {"start": "00:21:08", "end": "00:21:13", "text": "sign because they kind of screw things"}, {"start": "00:21:10", "end": "00:21:15", "text": "up. But because of that, I wanted to"}, {"start": "00:21:13", "end": "00:21:19", "text": "show you guys something. If you go to"}, {"start": "00:21:15", "end": "00:21:21", "text": "coin gecko.com and click on categories,"}, {"start": "00:21:19", "end": "00:21:23", "text": "and you can see that uh let's see, over"}, {"start": "00:21:21", "end": "00:21:25", "text": "seven days, smart platforms are up."}, {"start": "00:21:23", "end": "00:21:27", "text": "Actually, everything's up for us across"}, {"start": "00:21:25", "end": "00:21:29", "text": "the board for most of it. Probably"}, {"start": "00:21:27", "end": "00:21:31", "text": "because people are they they're done"}, {"start": "00:21:29", "end": "00:21:33", "text": "dumping into SpaceX. Now, they're going"}, {"start": "00:21:31", "end": "00:21:35", "text": "to wait for the next IPO. But if you"}, {"start": "00:21:33", "end": "00:21:38", "text": "come down here to artificial"}, {"start": "00:21:35", "end": "00:21:39", "text": "intelligence, you may notice that"}, {"start": "00:21:38", "end": "00:21:45", "text": "artificial intelligence that category is"}, {"start": "00:21:39", "end": "00:21:45", "text": "up over 10% in a week, 4.7 in 24 hours."}, {"start": "00:21:46", "end": "00:21:50", "text": "And why is that? It's because the"}, {"start": "00:21:47", "end": "00:21:51", "text": "government stepped in and shut down AI."}, {"start": "00:21:50", "end": "00:21:54", "text": "And that's essentially the problems with"}, {"start": "00:21:51", "end": "00:21:56", "text": "centralization. So you can see the big"}, {"start": "00:21:54", "end": "00:21:58", "text": "winner is bit tensor. We talked about"}, {"start": "00:21:56", "end": "00:22:01", "text": "this yesterday. Stake towel, that's the"}, {"start": "00:21:58", "end": "00:22:03", "text": "same thing roughly. ICP render. What"}, {"start": "00:22:01", "end": "00:22:05", "text": "about a kosh? What happened to that one?"}, {"start": "00:22:03", "end": "00:22:08", "text": "That's still in here. Oh, Akos. Wow."}, {"start": "00:22:05", "end": "00:22:09", "text": "Kosh is up 20%. Look at that. There's"}, {"start": "00:22:08", "end": "00:22:12", "text": "some other ones that don't do so well,"}, {"start": "00:22:09", "end": "00:22:14", "text": "but as far as like AI plays, this might"}, {"start": "00:22:12", "end": "00:22:15", "text": "be a nice hedge against the government."}, {"start": "00:22:14", "end": "00:22:17", "text": "Jerry, thoughts on this before we get"}, {"start": "00:22:15", "end": "00:22:19", "text": "into a little Q&A."}, {"start": "00:22:17", "end": "00:22:22", "text": ">> Again, a lot of these a lot of these"}, {"start": "00:22:19", "end": "00:22:25", "text": "coins that you see here are proof"}, {"start": "00:22:22", "end": "00:22:29", "text": "ofstake protocols"}, {"start": "00:22:25", "end": "00:22:31", "text": ">> which allows any of us to acquire some,"}, {"start": "00:22:29", "end": "00:22:35", "text": "get a wallet for it, right? a secure"}, {"start": "00:22:31", "end": "00:22:37", "text": "custody solution, stake them and earn"}, {"start": "00:22:35", "end": "00:22:40", "text": "more of them. In other words, compound"}, {"start": "00:22:37", "end": "00:22:44", "text": "our ownings, right? Compound the"}, {"start": "00:22:40", "end": "00:22:46", "text": "ownership percentage by doing nothing."}, {"start": "00:22:44", "end": "00:22:48", "text": "That is the coolest thing in the world."}, {"start": "00:22:46", "end": "00:22:50", "text": "So, it it's not like it's something you"}, {"start": "00:22:48", "end": "00:22:52", "text": "have to keep investing in. You could"}, {"start": "00:22:50", "end": "00:22:55", "text": "make a $100 investment in one of these"}, {"start": "00:22:52", "end": "00:22:58", "text": "projects, set your wallet up, stake the"}, {"start": "00:22:55", "end": "00:23:02", "text": "token, and walk away. Come back in 10"}, {"start": "00:22:58", "end": "00:23:04", "text": "years, and if it became something, you'd"}, {"start": "00:23:02", "end": "00:23:06", "text": "really have something because you will"}, {"start": "00:23:04", "end": "00:23:08", "text": "have compounded"}, {"start": "00:23:06", "end": "00:23:12", "text": "not only the appreciation rate of the"}, {"start": "00:23:08", "end": "00:23:14", "text": "actual coin, but the actual amount of"}, {"start": "00:23:12", "end": "00:23:17", "text": "the coin that you have. That's a double"}, {"start": "00:23:14", "end": "00:23:19", "text": "whammy in I mean it's one of the things"}, {"start": "00:23:17", "end": "00:23:22", "text": "that attracted me so much about the"}, {"start": "00:23:19", "end": "00:23:23", "text": "digital asset space is the ability to do"}, {"start": "00:23:22", "end": "00:23:25", "text": "that."}, {"start": "00:23:23", "end": "00:23:27", "text": ">> Yeah, that is the big thing right there"}, {"start": "00:23:25", "end": "00:23:29", "text": "and I think it's a nice hedge against"}, {"start": "00:23:27", "end": "00:23:32", "text": "the centralization that is uh creeping"}, {"start": "00:23:29", "end": "00:23:33", "text": "up upon AI. So this might be something"}, {"start": "00:23:32", "end": "00:23:36", "text": "to look at. But again like we just took"}, {"start": "00:23:33", "end": "00:23:39", "text": "a took a look at besides that you know"}, {"start": "00:23:36", "end": "00:23:41", "text": "altcoins are very super risky. Some can"}, {"start": "00:23:39", "end": "00:23:43", "text": "do pretty well as long as you got like"}, {"start": "00:23:41", "end": "00:23:45", "text": "Jerry talked about an entry and an exit"}, {"start": "00:23:43", "end": "00:23:47", "text": "point. you should be just okay. And"}, {"start": "00:23:45", "end": "00:23:48", "text": "that's it for today. So everybody, if"}, {"start": "00:23:47", "end": "00:23:50", "text": "you like today's video, give it a thumbs"}, {"start": "00:23:48", "end": "00:23:52", "text": "up. Consider subscribing. Everything me"}, {"start": "00:23:50", "end": "00:23:54", "text": "and Jerry talk about usually pretty"}, {"start": "00:23:52", "end": "00:23:56", "text": "timesensitive. But that's it for that"}, {"start": "00:23:54", "end": "00:24:00", "text": "piece. Now, let's get into a little Q&A"}, {"start": "00:23:56", "end": "00:24:02", "text": "and uh we'll answer all your questions."}, {"start": "00:24:00", "end": "00:24:04", "text": "Let's see. Kelby says, \"Rob talking"}, {"start": "00:24:02", "end": "00:24:05", "text": "about AI.\" I know. It's crazy, right? I"}, {"start": "00:24:04", "end": "00:24:09", "text": "gotta tell you, I've been using that"}, {"start": "00:24:05", "end": "00:24:12", "text": "that Claude uh for desktop app and it is"}, {"start": "00:24:09", "end": "00:24:15", "text": "it makes things so much easier. I mean"}, {"start": "00:24:12", "end": "00:24:18", "text": "it just does I don't know Jerry what"}, {"start": "00:24:15", "end": "00:24:19", "text": "you're using probably cloud comput"}, {"start": "00:24:18", "end": "00:24:22", "text": "protocol"}, {"start": "00:24:19", "end": "00:24:25", "text": ">> right cloud uh co-work"}, {"start": "00:24:22", "end": "00:24:28", "text": "and chat"}, {"start": "00:24:25", "end": "00:24:29", "text": "great tools they are not interchangeable"}, {"start": "00:24:28", "end": "00:24:31", "text": "with each other you have to do man"}, {"start": "00:24:29", "end": "00:24:34", "text": "there's manual things that you have to"}, {"start": "00:24:31", "end": "00:24:36", "text": "do between them but I'm looking forward"}, {"start": "00:24:34", "end": "00:24:38", "text": "to I'm looking forward to incorporating"}, {"start": "00:24:36", "end": "00:24:40", "text": "more voice so instead of typing"}, {"start": "00:24:38", "end": "00:24:43", "text": "everything I want to start training it"}, {"start": "00:24:40", "end": "00:24:43", "text": "on me talking to"}, {"start": "00:24:43", "end": "00:24:47", "text": "Find my next iteration in the use of"}, {"start": "00:24:45", "end": "00:24:49", "text": "those tools."}, {"start": "00:24:47", "end": "00:24:50", "text": ">> Well, yeah, like the that's what I try"}, {"start": "00:24:49", "end": "00:24:52", "text": "to do as much as possible. I was always"}, {"start": "00:24:50", "end": "00:24:53", "text": "typing typing typing, but in the bottom"}, {"start": "00:24:52", "end": "00:24:55", "text": "lefthand corner is like a little"}, {"start": "00:24:53", "end": "00:24:56", "text": "speaker. You just click on that. And one"}, {"start": "00:24:55", "end": "00:24:59", "text": "thing I've noticed one thing I've"}, {"start": "00:24:56", "end": "00:25:01", "text": "noticed about that as well is that on my"}, {"start": "00:24:59", "end": "00:25:02", "text": ">> correct me in the comments, but it seems"}, {"start": "00:25:01", "end": "00:25:04", "text": "like every time I do some kind of text"}, {"start": "00:25:02", "end": "00:25:08", "text": "to speech"}, {"start": "00:25:04", "end": "00:25:10", "text": "or speech to text, uh, it comes out way"}, {"start": "00:25:08", "end": "00:25:11", "text": "way wrong. That's on my iPhone. My"}, {"start": "00:25:10", "end": "00:25:13", "text": "iPhone has been steadily going down the"}, {"start": "00:25:11", "end": "00:25:17", "text": "tubes for quite some time."}, {"start": "00:25:13", "end": "00:25:20", "text": ">> When I do speech and I I talk reasonably"}, {"start": "00:25:17", "end": "00:25:22", "text": "well, I have a command of the English"}, {"start": "00:25:20", "end": "00:25:25", "text": "language unless I'm drinking. So besides"}, {"start": "00:25:22", "end": "00:25:27", "text": "that, like when I talk, it should be"}, {"start": "00:25:25", "end": "00:25:30", "text": "perfect, but it sucks. But when I use"}, {"start": "00:25:27", "end": "00:25:31", "text": "Claude or Perplexity or even Grock,"}, {"start": "00:25:30", "end": "00:25:32", "text": "Grock's actually even better than that"}, {"start": "00:25:31", "end": "00:25:34", "text": "one."}, {"start": "00:25:32", "end": "00:25:35", "text": ">> It comes out flawlessly or perfect. I"}, {"start": "00:25:34", "end": "00:25:37", "text": "don't know if anybody else has that same"}, {"start": "00:25:35", "end": "00:25:40", "text": "issue."}, {"start": "00:25:37", "end": "00:25:42", "text": ">> I'm going to guess no. And then uh just"}, {"start": "00:25:40", "end": "00:25:45", "text": "to follow us up up with what Kelby talks"}, {"start": "00:25:42", "end": "00:25:46", "text": "about here. Rob's look I got a separate"}, {"start": "00:25:45", "end": "00:25:48", "text": "channel where I talk nothing about"}, {"start": "00:25:46", "end": "00:25:51", "text": "nothing more than uh Claude and"}, {"start": "00:25:48", "end": "00:25:53", "text": "investing into AI which I've been kind"}, {"start": "00:25:51", "end": "00:25:54", "text": "of slacking. Had some things come up but"}, {"start": "00:25:53", "end": "00:25:57", "text": "uh if you want to learn about Claude and"}, {"start": "00:25:54", "end": "00:25:59", "text": "skills and plugins and connections and"}, {"start": "00:25:57", "end": "00:26:00", "text": "why I changed the channel over that uh"}, {"start": "00:25:59", "end": "00:26:02", "text": "there's a link in the description for"}, {"start": "00:26:00", "end": "00:26:05", "text": "that channel. It's just called Dane off"}, {"start": "00:26:02", "end": "00:26:10", "text": "of there. All right. So who Jerry I lost"}, {"start": "00:26:05", "end": "00:26:12", "text": "you. There you go. Let's see. Let's see."}, {"start": "00:26:10", "end": "00:26:13", "text": "Swiper says, \"Rob's a nice guy. He"}, {"start": "00:26:12", "end": "00:26:18", "text": "didn't dump. He handed his bags to me.\""}, {"start": "00:26:13", "end": "00:26:22", "text": "Exactly. Exactly. I come hither as I put"}, {"start": "00:26:18", "end": "00:26:24", "text": "my bags down and you may pick them up"}, {"start": "00:26:22", "end": "00:26:28", "text": "like feathers being lifted. Yes,"}, {"start": "00:26:24", "end": "00:26:30", "text": "exactly. Let's see. Monty, where do you"}, {"start": "00:26:28", "end": "00:26:35", "text": "buy your peptides? I have a doctor that"}, {"start": "00:26:30", "end": "00:26:36", "text": "I work with here in in El Paso and uh he"}, {"start": "00:26:35", "end": "00:26:39", "text": "orders them from me. There is a big"}, {"start": "00:26:36", "end": "00:26:43", "text": "problem with with peptides buying them"}, {"start": "00:26:39", "end": "00:26:46", "text": "from uh grayies which I don't know if"}, {"start": "00:26:43", "end": "00:26:48", "text": "they have the right uh if they have a"}, {"start": "00:26:46", "end": "00:26:51", "text": "compounding license. There's some that"}, {"start": "00:26:48", "end": "00:26:54", "text": "just are awful. They actually have been"}, {"start": "00:26:51", "end": "00:26:56", "text": "out of like you know they'll get a 100"}, {"start": "00:26:54", "end": "00:26:58", "text": "samples and 30% or so don't have any of"}, {"start": "00:26:56", "end": "00:27:01", "text": "the peptides in them. So that is a big"}, {"start": "00:26:58", "end": "00:27:04", "text": "issue. Uh, Monty, I would just say like"}, {"start": "00:27:01", "end": "00:27:06", "text": "go to your go to any I don't know what"}, {"start": "00:27:04", "end": "00:27:08", "text": "state you're in, but look for any doctor"}, {"start": "00:27:06", "end": "00:27:11", "text": "that does peptide therapy and talk to"}, {"start": "00:27:08", "end": "00:27:13", "text": "them and see what any and a bonus if"}, {"start": "00:27:11", "end": "00:27:15", "text": "they themselves use peptides. The doc I"}, {"start": "00:27:13", "end": "00:27:17", "text": "go, he's already been using peptides for"}, {"start": "00:27:15", "end": "00:27:18", "text": "his blown out shoulder. So, and he's"}, {"start": "00:27:17", "end": "00:27:20", "text": "like, \"Yeah, this one works.\" And it"}, {"start": "00:27:18", "end": "00:27:24", "text": "does. It's pretty awesome. All right,"}, {"start": "00:27:20", "end": "00:27:29", "text": "what else we got?"}, {"start": "00:27:24", "end": "00:27:31", "text": "Finally catch you live. We try."}, {"start": "00:27:29", "end": "00:27:32", "text": "And PJ says, \"We're finally in the third"}, {"start": "00:27:31", "end": "00:27:35", "text": "and last stage of the Bitcoin bare"}, {"start": "00:27:32", "end": "00:27:35", "text": "market.\""}, {"start": "00:27:36", "end": "00:27:39", "text": ">> Well, that's that's actually good for"}, {"start": "00:27:38", "end": "00:27:41", "text": "some and but bad for others. Everybody"}, {"start": "00:27:39", "end": "00:27:43", "text": "else is some people are like, \"Hey, I"}, {"start": "00:27:41", "end": "00:27:46", "text": "would like to buy some more of that at"}, {"start": "00:27:43", "end": "00:27:48", "text": "these suppressed prices."}, {"start": "00:27:46", "end": "00:27:50", "text": "I think we could still go down some"}, {"start": "00:27:48", "end": "00:27:52", "text": "more.\" Although everybody's saying that"}, {"start": "00:27:50", "end": "00:27:55", "text": "no, no, 60K was the bottom or 59K was"}, {"start": "00:27:52", "end": "00:27:58", "text": "the bottom. We'll see. We'll find out."}, {"start": "00:27:55", "end": "00:28:01", "text": "And let's see. Walmart peptides aren't"}, {"start": "00:27:58", "end": "00:28:05", "text": "good. Depends on depends on which"}, {"start": "00:28:01", "end": "00:28:06", "text": "Walmart. But uh yeah, especially oral"}, {"start": "00:28:05", "end": "00:28:09", "text": "like"}, {"start": "00:28:06", "end": "00:28:11", "text": "all the peptides that I've taken are"}, {"start": "00:28:09", "end": "00:28:13", "text": "injectables and the oral ones. I'm like,"}, {"start": "00:28:11", "end": "00:28:14", "text": "how much is really getting into your"}, {"start": "00:28:13", "end": "00:28:16", "text": "system with all the stomach acid that"}, {"start": "00:28:14", "end": "00:28:18", "text": "you're producing and actually get into"}, {"start": "00:28:16", "end": "00:28:19", "text": "your,"}, {"start": "00:28:18", "end": "00:28:24", "text": "you know, into your body? I just don't"}, {"start": "00:28:19", "end": "00:28:24", "text": "think that actually works. Let's see."}, {"start": "00:28:25", "end": "00:28:29", "text": "What does Bobby think about Claude? Does"}, {"start": "00:28:26", "end": "00:28:31", "text": "he find him a bit pretentious? I gotta"}, {"start": "00:28:29", "end": "00:28:33", "text": "tell you, if everybody talked to me like"}, {"start": "00:28:31", "end": "00:28:35", "text": "how Claude does, I'd be a much much much"}, {"start": "00:28:33", "end": "00:28:36", "text": "happier version. Jerry, have you noticed"}, {"start": "00:28:35", "end": "00:28:38", "text": "that? Like when you when you do a"}, {"start": "00:28:36", "end": "00:28:40", "text": "suggestion or a comment, it's like,"}, {"start": "00:28:38", "end": "00:28:41", "text": "\"Great idea. Good job. You thought about"}, {"start": "00:28:40", "end": "00:28:43", "text": "that. Good job, champ."}, {"start": "00:28:41", "end": "00:28:45", "text": ">> Thanks for catching that.\" When you"}, {"start": "00:28:43", "end": "00:28:48", "text": "correct a halluciniz when you colle"}, {"start": "00:28:45", "end": "00:28:51", "text": "correct a hallucinization. Oh, good"}, {"start": "00:28:48", "end": "00:28:55", "text": "catch. Great. Oh, thank you so much. Oh"}, {"start": "00:28:51", "end": "00:28:57", "text": "my god. Yeah, it's crazy. It's crazy."}, {"start": "00:28:55", "end": "00:28:58", "text": ">> Sometimes it's better than the"}, {"start": "00:28:57", "end": "00:29:01", "text": "alternative, right? I wouldn't want it"}, {"start": "00:28:58", "end": "00:29:02", "text": "saying, \"Hey, dumbass. Shut up. I'm the"}, {"start": "00:29:01", "end": "00:29:05", "text": "AI.\""}, {"start": "00:29:02", "end": "00:29:06", "text": ">> Yeah, exactly. Who's the PhD here? Raise"}, {"start": "00:29:05", "end": "00:29:08", "text": "your hand. Not you, Yeah."}, {"start": "00:29:06", "end": "00:29:09", "text": "Exactly."}, {"start": "00:29:08", "end": "00:29:12", "text": ">> Yeah."}, {"start": "00:29:09", "end": "00:29:14", "text": ">> Uh, let's see. But, um, I I will say one"}, {"start": "00:29:12", "end": "00:29:16", "text": "thing about Bobby. He is he is rip"}, {"start": "00:29:14", "end": "00:29:20", "text": "raring to go for that anthropic IPO"}, {"start": "00:29:16", "end": "00:29:21", "text": "that's going to come out. So, we'll see."}, {"start": "00:29:20", "end": "00:29:22", "text": "I know you're not into it, Jerry. I know"}, {"start": "00:29:21", "end": "00:29:24", "text": "you're not, but you're not a gambler"}, {"start": "00:29:22", "end": "00:29:25", "text": "like my friend Bobby. He likes to He"}, {"start": "00:29:24", "end": "00:29:28", "text": "likes to put it out there."}, {"start": "00:29:25", "end": "00:29:30", "text": ">> That's true. That is true. True."}, {"start": "00:29:28", "end": "00:29:31", "text": ">> Texas Joe says, \"Hey, Rob and Jerry,"}, {"start": "00:29:30", "end": "00:29:33", "text": "what percentage of your overall assets"}, {"start": "00:29:31", "end": "00:29:35", "text": "would you say are in Bitcoin? Think"}, {"start": "00:29:33", "end": "00:29:38", "text": "about making a big play this fall for"}, {"start": "00:29:35", "end": "00:29:40", "text": "the next bull market.\""}, {"start": "00:29:38", "end": "00:29:42", "text": ">> You can give it a range if you want."}, {"start": "00:29:40", "end": "00:29:45", "text": ">> 70%."}, {"start": "00:29:42", "end": "00:29:46", "text": ">> Damn, that's a lot."}, {"start": "00:29:45", "end": "00:29:49", "text": ">> I don't own as much real estate as you"}, {"start": "00:29:46", "end": "00:29:52", "text": "do. Ah,"}, {"start": "00:29:49", "end": "00:29:56", "text": ">> yeah. Mine's like uh it's pretty low."}, {"start": "00:29:52", "end": "00:29:59", "text": "It's somewhere between five and 100%."}, {"start": "00:29:56", "end": "00:30:03", "text": "But it's pretty low. It's below Yeah,"}, {"start": "00:29:59", "end": "00:30:07", "text": "it's nowadays it's uh it's below it's"}, {"start": "00:30:03", "end": "00:30:09", "text": "below 20%. I can guarantee that if not"}, {"start": "00:30:07", "end": "00:30:12", "text": "somewhere between five and 20% probably."}, {"start": "00:30:09", "end": "00:30:18", "text": "That's all I'll say. But yeah, that was"}, {"start": "00:30:12", "end": "00:30:18", "text": "it. Uh let's see. Do"}, {"start": "00:30:20", "end": "00:30:23", "text": "I can't ask. I can't. That's a pretty"}, {"start": "00:30:21", "end": "00:30:27", "text": "phone, Ben show, but I can't put that"}, {"start": "00:30:23", "end": "00:30:30", "text": "in. JeanClaude Ben. Damn it. Yes. Uh,"}, {"start": "00:30:27", "end": "00:30:32", "text": "let's see. Symphony says 49K to 50K in"}, {"start": "00:30:30", "end": "00:30:36", "text": "October. That's a reasonable I've heard"}, {"start": "00:30:32", "end": "00:30:38", "text": "36K. So, I think that's reasonable."}, {"start": "00:30:36", "end": "00:30:43", "text": "Oh, unless you're unless you're Peter"}, {"start": "00:30:38", "end": "00:30:44", "text": "Schiff. He says it's zero. So, you know,"}, {"start": "00:30:43", "end": "00:30:47", "text": "uh"}, {"start": "00:30:44", "end": "00:30:49", "text": "I use biolongevity labs in the USA."}, {"start": "00:30:47", "end": "00:30:52", "text": "Highest peer rate, third party tested,"}, {"start": "00:30:49", "end": "00:30:53", "text": "and the chemist that creates their own"}, {"start": "00:30:52", "end": "00:30:55", "text": "patent protected peptides. They're not"}, {"start": "00:30:53", "end": "00:30:58", "text": "the cheapest, but not the highest price"}, {"start": "00:30:55", "end": "00:31:00", "text": "either. Interesting to see to go for."}, {"start": "00:30:58", "end": "00:31:02", "text": "Yeah."}, {"start": "00:31:00", "end": "00:31:03", "text": "And Lone Wolf says, \"I'm sure everybody"}, {"start": "00:31:02", "end": "00:31:05", "text": "doesn't have all the Bitcoin they're"}, {"start": "00:31:03", "end": "00:31:06", "text": "going to buy, and we know where it's"}, {"start": "00:31:05", "end": "00:31:09", "text": "ultimately going, so no rush to finish"}, {"start": "00:31:06", "end": "00:31:11", "text": "the bear.\" Exactly."}, {"start": "00:31:09", "end": "00:31:12", "text": ">> That's sensible."}, {"start": "00:31:11", "end": "00:31:14", "text": ">> Jared, anything else? What's up this"}, {"start": "00:31:12", "end": "00:31:17", "text": "week? What are you doing?"}, {"start": "00:31:14", "end": "00:31:20", "text": ">> What's this week? This week is Jerry"}, {"start": "00:31:17", "end": "00:31:23", "text": "learning and trying to understand Geo,"}, {"start": "00:31:20", "end": "00:31:26", "text": "right? Um,"}, {"start": "00:31:23", "end": "00:31:29", "text": "uh, basically generative search engine"}, {"start": "00:31:26", "end": "00:31:32", "text": "optimization stuff, right? How to how to"}, {"start": "00:31:29", "end": "00:31:35", "text": "get recognized"}, {"start": "00:31:32", "end": "00:31:37", "text": ">> in searches when people are asking AI"}, {"start": "00:31:35", "end": "00:31:40", "text": "for things like where can I find the"}, {"start": "00:31:37", "end": "00:31:42", "text": "best compute for my AI company? I want"}, {"start": "00:31:40", "end": "00:31:47", "text": "compute portal to pop in there."}, {"start": "00:31:42", "end": "00:31:50", "text": ">> Right? So I'm having to learn"}, {"start": "00:31:47", "end": "00:31:53", "text": "how to work within that world, right?"}, {"start": "00:31:50", "end": "00:31:55", "text": "How can what what physical actions can I"}, {"start": "00:31:53", "end": "00:31:57", "text": "in and the company take to get ourselves"}, {"start": "00:31:55", "end": "00:32:00", "text": "prominently"}, {"start": "00:31:57", "end": "00:32:03", "text": "associated when these LLMs are being"}, {"start": "00:32:00", "end": "00:32:03", "text": "asked these type of questions."}, {"start": "00:32:03", "end": "00:32:06", "text": ">> Yeah."}, {"start": "00:32:03", "end": "00:32:08", "text": ">> So that's my whole focus this next week"}, {"start": "00:32:06", "end": "00:32:11", "text": "is learning that build some widgets for"}, {"start": "00:32:08", "end": "00:32:14", "text": "it or what you might call agents. Build"}, {"start": "00:32:11", "end": "00:32:16", "text": "some agents that that aid in that"}, {"start": "00:32:14", "end": "00:32:17", "text": "regard."}, {"start": "00:32:16", "end": "00:32:20", "text": ">> Yeah. I'm curious. Put this in the"}, {"start": "00:32:17", "end": "00:32:23", "text": "comments. How many of you guys use"}, {"start": "00:32:20", "end": "00:32:26", "text": "Grock, Perplexity, Claude, Chat, GBPT to"}, {"start": "00:32:23", "end": "00:32:28", "text": "ask questions about certain businesses"}, {"start": "00:32:26", "end": "00:32:31", "text": "in your area or you know in the world"}, {"start": "00:32:28", "end": "00:32:33", "text": "itself because I I tend to not Google as"}, {"start": "00:32:31", "end": "00:32:35", "text": "much anymore because I get all those ads"}, {"start": "00:32:33", "end": "00:32:37", "text": "in the beginning. I just go right to"}, {"start": "00:32:35", "end": "00:32:38", "text": "Claude or Grock say hey where's this and"}, {"start": "00:32:37", "end": "00:32:40", "text": "what's this and what's the purpose"}, {"start": "00:32:38", "end": "00:32:42", "text": "especially with Amazon if I'm looking"}, {"start": "00:32:40", "end": "00:32:44", "text": "for something that I need to to put in"}, {"start": "00:32:42", "end": "00:32:46", "text": "for the other apartments I'll say hey I"}, {"start": "00:32:44", "end": "00:32:48", "text": "need a float device for you know one of"}, {"start": "00:32:46", "end": "00:32:50", "text": "the sistns which one's the best one and"}, {"start": "00:32:48", "end": "00:32:53", "text": "then rank them by uh the amount of stars"}, {"start": "00:32:50", "end": "00:32:55", "text": "they got and positive reviews and it was"}, {"start": "00:32:53", "end": "00:32:56", "text": "like here you go and this one sucks this"}, {"start": "00:32:55", "end": "00:32:58", "text": "one's good and watch out for this one"}, {"start": "00:32:56", "end": "00:33:00", "text": "because of this it's like makes things"}, {"start": "00:32:58", "end": "00:33:01", "text": "so much easier Jerry when you get that"}, {"start": "00:33:00", "end": "00:33:04", "text": "done maybe you could turn that into a"}, {"start": "00:33:01", "end": "00:33:06", "text": "skill you could send it over to my"}, {"start": "00:33:04", "end": "00:33:07", "text": "claude. I can upro that and then have"}, {"start": "00:33:06", "end": "00:33:08", "text": "that on the next channel."}, {"start": "00:33:07", "end": "00:33:09", "text": ">> If you guys don't know what I'm talking"}, {"start": "00:33:08", "end": "00:33:12", "text": "about, just check out that second"}, {"start": "00:33:09", "end": "00:33:15", "text": "channel. That's it for today. I went"}, {"start": "00:33:12", "end": "00:33:17", "text": "over I apologize over 30 minutes. Sorry,"}, {"start": "00:33:15", "end": "00:33:18", "text": "Jerry. But that's it for today. If you"}, {"start": "00:33:17", "end": "00:33:20", "text": "guys like today's video, thumbs up,"}, {"start": "00:33:18", "end": "00:33:22", "text": "subscribe, and we'll see you guys next"}, {"start": "00:33:20", "end": "00:33:25", "text": "week. Have a good rest of the week"}, {"start": "00:33:22", "end": "00:33:25", "text": "itself. Bye."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Well everybody, it's been an interesting"}, {"start": "00:00:02", "end": "00:00:08", "text": "uh couple of days and it looks like 25%"}, {"start": "00:00:05", "end": "00:00:11", "text": "of the mag 8 or if you want to be really"}, {"start": "00:00:08", "end": "00:00:13", "text": "specific 27% of the mag 7 is holding"}, {"start": "00:00:11", "end": "00:00:16", "text": "Bitcoin. So today before we get into"}, {"start": "00:00:13", "end": "00:00:17", "text": "that story about how much Bitcoin is"}, {"start": "00:00:16", "end": "00:00:20", "text": "being held by some of the biggest"}, {"start": "00:00:17", "end": "00:00:21", "text": "companies in the entire planet. There's"}, {"start": "00:00:20", "end": "00:00:25", "text": "some pretty interesting information that"}, {"start": "00:00:21", "end": "00:00:28", "text": "I came across this morning. Tao is or"}, {"start": "00:00:25", "end": "00:00:32", "text": "Bit Tensor which is a decentralized AI"}, {"start": "00:00:28", "end": "00:00:34", "text": "platform went up 22%"}, {"start": "00:00:32", "end": "00:00:37", "text": "roughly in 24 hours and in 7 days it's"}, {"start": "00:00:34", "end": "00:00:39", "text": "been up 34%. Which now here on this"}, {"start": "00:00:37", "end": "00:00:40", "text": "channel we haven't been really focusing"}, {"start": "00:00:39", "end": "00:00:42", "text": "too many on altcoins especially outside"}, {"start": "00:00:40", "end": "00:00:44", "text": "the top 20 or so. This is a pretty big"}, {"start": "00:00:42", "end": "00:00:47", "text": "move and I got to tell you I think this"}, {"start": "00:00:44", "end": "00:00:50", "text": "is one of the reasons why retail won't"}, {"start": "00:00:47", "end": "00:00:51", "text": "completely leave us because deep down"}, {"start": "00:00:50", "end": "00:00:53", "text": "everybody's just a little bit of a den"}, {"start": "00:00:51", "end": "00:00:55", "text": "and they want to see some of these"}, {"start": "00:00:53", "end": "00:00:58", "text": "massive gains. So what happened with Bit"}, {"start": "00:00:55", "end": "00:01:00", "text": "Tensor? Why is it why did it go up so"}, {"start": "00:00:58", "end": "00:01:03", "text": "much in 24 hours and it really comes"}, {"start": "00:01:00", "end": "00:01:05", "text": "down to Enthropic? Uh it looks like the"}, {"start": "00:01:03", "end": "00:01:07", "text": "good old government stepped in and shut"}, {"start": "00:01:05", "end": "00:01:09", "text": "down Enthropic. If you don't know what"}, {"start": "00:01:07", "end": "00:01:12", "text": "that is, that is uh for claude and"}, {"start": "00:01:09", "end": "00:01:14", "text": "claude code desktop application for"}, {"start": "00:01:12", "end": "00:01:15", "text": "artificial intelligence and uh kind of"}, {"start": "00:01:14", "end": "00:01:17", "text": "like um if you're not familiar with it"}, {"start": "00:01:15", "end": "00:01:19", "text": "too much, it's kind of like using chat"}, {"start": "00:01:17", "end": "00:01:22", "text": "GPT or complexity or something like"}, {"start": "00:01:19", "end": "00:01:23", "text": "Grock but uh much much better. Got a"}, {"start": "00:01:22", "end": "00:01:26", "text": "whole another channel dedicated to that."}, {"start": "00:01:23", "end": "00:01:28", "text": "But look, the US government yesterday"}, {"start": "00:01:26", "end": "00:01:30", "text": "shut down the newest version of"}, {"start": "00:01:28", "end": "00:01:32", "text": "anthropics clawed code and they just"}, {"start": "00:01:30", "end": "00:01:34", "text": "said no, you can't do that. Now that's a"}, {"start": "00:01:32", "end": "00:01:35", "text": "whole another story, but really what it"}, {"start": "00:01:34", "end": "00:01:37", "text": "comes down to is this. When you don't"}, {"start": "00:01:35", "end": "00:01:40", "text": "want the government cracking down, you"}, {"start": "00:01:37", "end": "00:01:41", "text": "look to decentralization. And when"}, {"start": "00:01:40", "end": "00:01:43", "text": "government steps in too much, you're"}, {"start": "00:01:41", "end": "00:01:45", "text": "going to get the people who want"}, {"start": "00:01:43", "end": "00:01:47", "text": "something else. So, congratulations."}, {"start": "00:01:45", "end": "00:01:49", "text": "It's how I see this is a big mistake for"}, {"start": "00:01:47", "end": "00:01:53", "text": "the government, but uh we'll see how it"}, {"start": "00:01:49", "end": "00:01:55", "text": "all plays out. But today, Bitcoin and"}, {"start": "00:01:53", "end": "00:01:58", "text": "this is from Michael Sailor"}, {"start": "00:01:55", "end": "00:02:00", "text": "as he congratulates Elon Musk and"}, {"start": "00:01:58", "end": "00:02:02", "text": "SpaceX, which I'm actually getting"}, {"start": "00:02:00", "end": "00:02:05", "text": "SpaceX fatigue. I'm glad this is over so"}, {"start": "00:02:02", "end": "00:02:06", "text": "we can move on to some other stuff. But"}, {"start": "00:02:05", "end": "00:02:09", "text": "Michael Sailor made a good point. He"}, {"start": "00:02:06", "end": "00:02:11", "text": "says, \"Thanks Elon because thanks to you"}, {"start": "00:02:09", "end": "00:02:13", "text": "25% of the Mag 8 now holds Bitcoin on"}, {"start": "00:02:11", "end": "00:02:16", "text": "the balance sheet.\" And I was like, \"I"}, {"start": "00:02:13", "end": "00:02:18", "text": "don't think that's true. 25% of the Mag"}, {"start": "00:02:16", "end": "00:02:21", "text": "8.\" First of all, it's called Mag 7. But"}, {"start": "00:02:18", "end": "00:02:23", "text": "I get why he said it because now we've"}, {"start": "00:02:21", "end": "00:02:26", "text": "got a new Mag 7 and that will be SpaceX."}, {"start": "00:02:23", "end": "00:02:29", "text": "So the question you have to ask is who"}, {"start": "00:02:26", "end": "00:02:31", "text": "are Mag 7 and who is in this elusive"}, {"start": "00:02:29", "end": "00:02:34", "text": "exclusive group? And it really comes"}, {"start": "00:02:31", "end": "00:02:35", "text": "down to this. Nvidia is the number one"}, {"start": "00:02:34", "end": "00:02:37", "text": "business"}, {"start": "00:02:35", "end": "00:02:40", "text": "platform, another one business in the"}, {"start": "00:02:37", "end": "00:02:43", "text": "entire planet. It's almost $5 trillion"}, {"start": "00:02:40", "end": "00:02:46", "text": "valuation. Then comes Google at 4.3,"}, {"start": "00:02:43", "end": "00:02:50", "text": "Apple at 4.28. Very close. Microsoft"}, {"start": "00:02:46", "end": "00:02:54", "text": "2.9, Amazon 2 and a half, Tesla 1.53,"}, {"start": "00:02:50", "end": "00:02:56", "text": "and Meta at 1.44 trillion. So now with"}, {"start": "00:02:54", "end": "00:02:59", "text": "uh SpaceX coming in and their valuation"}, {"start": "00:02:56", "end": "00:03:03", "text": "being at started at 1.77 now it's around"}, {"start": "00:02:59", "end": "00:03:05", "text": "2.1 2.2 a couple hundred billion very"}, {"start": "00:03:03", "end": "00:03:08", "text": "high and it looks like it is fitting"}, {"start": "00:03:05", "end": "00:03:10", "text": "squarely in between Amazon and Tesla."}, {"start": "00:03:08", "end": "00:03:12", "text": "Sit back for a second and think about"}, {"start": "00:03:10", "end": "00:03:14", "text": "that. There is one man that owns two"}, {"start": "00:03:12", "end": "00:03:17", "text": "companies"}, {"start": "00:03:14", "end": "00:03:21", "text": "in the top seven companies in the entire"}, {"start": "00:03:17", "end": "00:03:24", "text": "planet. That is amazing. So, if you want"}, {"start": "00:03:21", "end": "00:03:25", "text": "to call it Mag 7, want to call it Mag 8,"}, {"start": "00:03:24", "end": "00:03:27", "text": "and just put them all in there, sure,"}, {"start": "00:03:25", "end": "00:03:29", "text": "whatever. But it really does come down"}, {"start": "00:03:27", "end": "00:03:31", "text": "to that SpaceX and Tesla own it, but how"}, {"start": "00:03:29", "end": "00:03:34", "text": "much? Well, I had to take a little peek"}, {"start": "00:03:31", "end": "00:03:36", "text": "here at Bitbo.io."}, {"start": "00:03:34", "end": "00:03:38", "text": "And uh I always feel weird saying Bitbo."}, {"start": "00:03:36", "end": "00:03:41", "text": "It sounds like Bit Boy. Hopefully, he's"}, {"start": "00:03:38", "end": "00:03:42", "text": "doing okay. But BitBo has a nice little"}, {"start": "00:03:41", "end": "00:03:44", "text": "tracking center. Tracks all the"}, {"start": "00:03:42", "end": "00:03:45", "text": "different public and private companies,"}, {"start": "00:03:44", "end": "00:03:47", "text": "all the governments, all the"}, {"start": "00:03:45", "end": "00:03:49", "text": "organizations of how much and who holds"}, {"start": "00:03:47", "end": "00:03:51", "text": "what as far as Bitcoin goes. and Tesla."}, {"start": "00:03:49", "end": "00:03:55", "text": "I was under the assumption that uh and I"}, {"start": "00:03:51", "end": "00:03:57", "text": "was wrong that uh Tesla just moved"}, {"start": "00:03:55", "end": "00:04:01", "text": "everything over to SpaceX, but that's"}, {"start": "00:03:57", "end": "00:04:05", "text": "not correct. Tesla currently holds"}, {"start": "00:04:01", "end": "00:04:07", "text": "around 10,700 Bitcoin. And I, as you"}, {"start": "00:04:05", "end": "00:04:10", "text": "might remember back in the day, Tesla"}, {"start": "00:04:07", "end": "00:04:11", "text": "held 42,000 bitcoins, but in July 2022,"}, {"start": "00:04:10", "end": "00:04:13", "text": "which I got to tell you, not a great"}, {"start": "00:04:11", "end": "00:04:15", "text": "time to sell. Of course, it's better"}, {"start": "00:04:13", "end": "00:04:17", "text": "than November 2022, but whatever. But in"}, {"start": "00:04:15", "end": "00:04:20", "text": "July 2022,"}, {"start": "00:04:17", "end": "00:04:22", "text": "it was announced that they sold 75% of"}, {"start": "00:04:20", "end": "00:04:26", "text": "their holdings, bringing the company's"}, {"start": "00:04:22", "end": "00:04:28", "text": "total down to 10,000. Now, this is of"}, {"start": "00:04:26", "end": "00:04:29", "text": "course verified with the SEC as they"}, {"start": "00:04:28", "end": "00:04:32", "text": "have to do all the different filings."}, {"start": "00:04:29", "end": "00:04:34", "text": "So, they didn't probably sell in July."}, {"start": "00:04:32", "end": "00:04:37", "text": "It was probably, you know, Q2 before"}, {"start": "00:04:34", "end": "00:04:39", "text": "then. So, what uh January, March, April,"}, {"start": "00:04:37", "end": "00:04:42", "text": "May, June, somewhere around there. So,"}, {"start": "00:04:39", "end": "00:04:44", "text": "it was just made public in July. So, you"}, {"start": "00:04:42", "end": "00:04:46", "text": "know, not a bad time to sell it."}, {"start": "00:04:44", "end": "00:04:49", "text": "actually reasonable job and that's how"}, {"start": "00:04:46", "end": "00:04:51", "text": "much they hold right now. But SpaceX was"}, {"start": "00:04:49", "end": "00:04:54", "text": "the big one and this was just revealed"}, {"start": "00:04:51", "end": "00:04:56", "text": "uh not too long ago and well a couple"}, {"start": "00:04:54", "end": "00:04:58", "text": "months ago where we thought it was much"}, {"start": "00:04:56", "end": "00:05:02", "text": "more"}, {"start": "00:04:58", "end": "00:05:04", "text": "and June 2022 they held 8,285 and then"}, {"start": "00:05:02", "end": "00:05:06", "text": "in December 30th they bought another"}, {"start": "00:05:04", "end": "00:05:10", "text": "18,712."}, {"start": "00:05:06", "end": "00:05:13", "text": "So right now they are holding a total of"}, {"start": "00:05:10", "end": "00:05:17", "text": "18,712 I should say. So you've got"}, {"start": "00:05:13", "end": "00:05:20", "text": "SpaceX and Tesla and that will be two in"}, {"start": "00:05:17", "end": "00:05:23", "text": "the MAG 7. So it's either 25% or 28%"}, {"start": "00:05:20", "end": "00:05:26", "text": "whatever it is those are pretty big"}, {"start": "00:05:23", "end": "00:05:29", "text": "numbers and I like to see that. That is"}, {"start": "00:05:26", "end": "00:05:31", "text": "a a good representation"}, {"start": "00:05:29", "end": "00:05:34", "text": "of Bitcoin and I think it's a positive"}, {"start": "00:05:31", "end": "00:05:37", "text": "light for hopefully for retail to say,"}, {"start": "00:05:34", "end": "00:05:40", "text": "\"Huh, wonder why SpaceX holds so much"}, {"start": "00:05:37", "end": "00:05:42", "text": "Bitcoin. They didn't sell it off like"}, {"start": "00:05:40", "end": "00:05:44", "text": "the German government did. Maybe I"}, {"start": "00:05:42", "end": "00:05:47", "text": "should look into that as it starts to"}, {"start": "00:05:44", "end": "00:05:48", "text": "grow in popularity and price.\" Anyhow,"}, {"start": "00:05:47", "end": "00:05:52", "text": "let me know what you think about that in"}, {"start": "00:05:48", "end": "00:05:53", "text": "the comments section. And now that I've"}, {"start": "00:05:52", "end": "00:05:55", "text": "given you some good news, I'm going to"}, {"start": "00:05:53", "end": "00:05:56", "text": "give you some not so good news. and then"}, {"start": "00:05:55", "end": "00:06:01", "text": "I'm going to give you some awful news."}, {"start": "00:05:56", "end": "00:06:04", "text": "So, strap in. SpaceX IPO. There was a"}, {"start": "00:06:01", "end": "00:06:06", "text": "big call for tokenization and I'm all"}, {"start": "00:06:04", "end": "00:06:08", "text": "for it. I'd love to see tokenization go"}, {"start": "00:06:06", "end": "00:06:11", "text": "through. Unfortunately, you have"}, {"start": "00:06:08", "end": "00:06:12", "text": "bottlenecks and problems and because of"}, {"start": "00:06:11", "end": "00:06:14", "text": "that, that is going to be an issue for"}, {"start": "00:06:12", "end": "00:06:16", "text": "all tokenization. This is a special"}, {"start": "00:06:14", "end": "00:06:18", "text": "case. But here's what happened. The"}, {"start": "00:06:16", "end": "00:06:20", "text": "SpaceX IPO scramble reveals difference"}, {"start": "00:06:18", "end": "00:06:23", "text": "between tokenizing a stock and actually"}, {"start": "00:06:20", "end": "00:06:26", "text": "being able to get one as they are"}, {"start": "00:06:23", "end": "00:06:29", "text": "referring to the stock itself."}, {"start": "00:06:26", "end": "00:06:32", "text": "Binance wallet bybit and BitG wallet"}, {"start": "00:06:29", "end": "00:06:35", "text": "cancelled their SpaceX preo offerings on"}, {"start": "00:06:32", "end": "00:06:38", "text": "Friday and refunded customers after"}, {"start": "00:06:35", "end": "00:06:41", "text": "failing to secure shares promised"}, {"start": "00:06:38", "end": "00:06:45", "text": "through XStocks, which is Kraken's"}, {"start": "00:06:41", "end": "00:06:48", "text": "tokenized equities business."}, {"start": "00:06:45", "end": "00:06:49", "text": "and they state by bit due to X stocks"}, {"start": "00:06:48", "end": "00:06:52", "text": "inability to deliver the underlying"}, {"start": "00:06:49", "end": "00:06:55", "text": "assets no SpaceX allocations were"}, {"start": "00:06:52", "end": "00:06:57", "text": "received. Man, I don't know who is in"}, {"start": "00:06:55", "end": "00:07:01", "text": "charge of uh of X stocks over there are"}, {"start": "00:06:57", "end": "00:07:03", "text": "Kraken, but uh you can tell that all of"}, {"start": "00:07:01", "end": "00:07:06", "text": "these companies, all these exchanges are"}, {"start": "00:07:03", "end": "00:07:09", "text": "not too keen and happy of what just"}, {"start": "00:07:06", "end": "00:07:12", "text": "happened. Imagine this. You promised"}, {"start": "00:07:09", "end": "00:07:15", "text": "your customers the most hyped IPO which"}, {"start": "00:07:12", "end": "00:07:19", "text": "went up at its peak roughly 31% from the"}, {"start": "00:07:15", "end": "00:07:22", "text": "opening price. Those same customers came"}, {"start": "00:07:19", "end": "00:07:24", "text": "to you with the realization that you"}, {"start": "00:07:22", "end": "00:07:26", "text": "could provide them tokenization of said"}, {"start": "00:07:24", "end": "00:07:27", "text": "stocks because they didn't have any"}, {"start": "00:07:26", "end": "00:07:29", "text": "options or maybe they wanted an easier"}, {"start": "00:07:27", "end": "00:07:30", "text": "option. Then you have to go to your"}, {"start": "00:07:29", "end": "00:07:32", "text": "customers and say, \"Hey, sorry. I know"}, {"start": "00:07:30", "end": "00:07:34", "text": "we promised you every the world, but we"}, {"start": "00:07:32", "end": "00:07:36", "text": "we didn't do it. So, I'm really happy.\""}, {"start": "00:07:34", "end": "00:07:39", "text": "You know how pissed off those people are"}, {"start": "00:07:36", "end": "00:07:41", "text": "going to be? they just missed a massive"}, {"start": "00:07:39", "end": "00:07:43", "text": "massive inflow. I mean it might save"}, {"start": "00:07:41", "end": "00:07:44", "text": "them in the long run because uh you know"}, {"start": "00:07:43", "end": "00:07:47", "text": "after we take a look at what's going to"}, {"start": "00:07:44", "end": "00:07:50", "text": "happen next week but uh that is not good"}, {"start": "00:07:47", "end": "00:07:53", "text": "for the exchanges and really a black eye"}, {"start": "00:07:50", "end": "00:07:56", "text": "for Kraken. However,"}, {"start": "00:07:53", "end": "00:07:58", "text": "it comes down to this Binance wall by"}, {"start": "00:07:56", "end": "00:08:01", "text": "banking walls received no shares and"}, {"start": "00:07:58", "end": "00:08:04", "text": "cancel their offerings. Kraken and"}, {"start": "00:08:01", "end": "00:08:07", "text": "Xtocks did actually send out and were"}, {"start": "00:08:04", "end": "00:08:10", "text": "able to fill a very, very small fraction"}, {"start": "00:08:07", "end": "00:08:12", "text": "of the allocations they requested. But"}, {"start": "00:08:10", "end": "00:08:15", "text": "here's the big thing. The shortfall"}, {"start": "00:08:12", "end": "00:08:18", "text": "wasn't limited to crypto platforms. Data"}, {"start": "00:08:15", "end": "00:08:20", "text": "compiled by excess IPOs showed that some"}, {"start": "00:08:18", "end": "00:08:23", "text": "retail investors at traditional"}, {"start": "00:08:20", "end": "00:08:25", "text": "brokerages also received only a portion"}, {"start": "00:08:23", "end": "00:08:28", "text": "of the shares they had sought. So that's"}, {"start": "00:08:25", "end": "00:08:29", "text": "like a silver lining. You messed up, but"}, {"start": "00:08:28", "end": "00:08:31", "text": "so did everybody else. And really it"}, {"start": "00:08:29", "end": "00:08:34", "text": "comes down to a supply and demand issue."}, {"start": "00:08:31", "end": "00:08:37", "text": "There was so much demand"}, {"start": "00:08:34", "end": "00:08:39", "text": "for this IPO, the traditional markets"}, {"start": "00:08:37", "end": "00:08:41", "text": "and the tokenization and the crypto"}, {"start": "00:08:39", "end": "00:08:44", "text": "markets couldn't keep up and the crypto"}, {"start": "00:08:41", "end": "00:08:45", "text": "markets did did a very very poor job of"}, {"start": "00:08:44", "end": "00:08:47", "text": "the situation. But also traditional"}, {"start": "00:08:45", "end": "00:08:49", "text": "markets says the same thing. So we talk"}, {"start": "00:08:47", "end": "00:08:52", "text": "about tokenization and how great it is."}, {"start": "00:08:49", "end": "00:08:53", "text": "Maybe this is an outlier. I've seen"}, {"start": "00:08:52", "end": "00:08:55", "text": "other tokenization of stocks run"}, {"start": "00:08:53", "end": "00:08:57", "text": "through, but maybe this is a special"}, {"start": "00:08:55", "end": "00:08:58", "text": "case. This is where you come in. Let me"}, {"start": "00:08:57", "end": "00:09:00", "text": "know what you think about that in the"}, {"start": "00:08:58", "end": "00:09:03", "text": "comments. We'll talk about this in the"}, {"start": "00:09:00", "end": "00:09:05", "text": "Q&A. But here's the bad news after what"}, {"start": "00:09:03", "end": "00:09:08", "text": "just happened this week. And it was"}, {"start": "00:09:05", "end": "00:09:10", "text": "nothing but euphoria. It was like, wow."}, {"start": "00:09:08", "end": "00:09:14", "text": "Even I was looking at my portfolio. Now,"}, {"start": "00:09:10", "end": "00:09:17", "text": "I did buy uh some of SpaceX through"}, {"start": "00:09:14", "end": "00:09:21", "text": "Robin Hood. I was going to go through u"}, {"start": "00:09:17", "end": "00:09:22", "text": "Kraken, but um I wasn't verified for"}, {"start": "00:09:21", "end": "00:09:25", "text": "some reason. So, I was like, well, let's"}, {"start": "00:09:22", "end": "00:09:28", "text": "go through Robin Hood. And I did it. And"}, {"start": "00:09:25", "end": "00:09:31", "text": "uh I made some reasonable gains. And"}, {"start": "00:09:28", "end": "00:09:33", "text": "guess what I did? I sold because I am"}, {"start": "00:09:31", "end": "00:09:35", "text": "not going to roundtrip bags again. I"}, {"start": "00:09:33", "end": "00:09:36", "text": "will probably be dollar cost averaging"}, {"start": "00:09:35", "end": "00:09:38", "text": "as time goes on, but that was just"}, {"start": "00:09:36", "end": "00:09:40", "text": "straight up euphoria. I could be wrong."}, {"start": "00:09:38", "end": "00:09:44", "text": "Maybe tomorrow or Monday it doubles. I"}, {"start": "00:09:40", "end": "00:09:49", "text": "don't know. But there is some negativity"}, {"start": "00:09:44", "end": "00:09:52", "text": "on the horizon. And this is it. The"}, {"start": "00:09:49", "end": "00:09:54", "text": "macro. The Bank of Japan is expected to"}, {"start": "00:09:52", "end": "00:09:56", "text": "raise rates to 1%. doesn't seem like a"}, {"start": "00:09:54", "end": "00:09:58", "text": "big deal, but that would be the highest"}, {"start": "00:09:56", "end": "00:10:01", "text": "in 30 years."}, {"start": "00:09:58", "end": "00:10:03", "text": "The Fed,"}, {"start": "00:10:01", "end": "00:10:06", "text": "this gentleman right here taking over"}, {"start": "00:10:03", "end": "00:10:09", "text": "for Jerome Powell, meets the very next"}, {"start": "00:10:06", "end": "00:10:12", "text": "day with zero rate cut expectations and"}, {"start": "00:10:09", "end": "00:10:16", "text": "inflation rising. Every major Bank of"}, {"start": "00:10:12", "end": "00:10:19", "text": "Japan hike since 2024 triggered a sharp"}, {"start": "00:10:16", "end": "00:10:20", "text": "market sell-off. So Mark's got a big"}, {"start": "00:10:19", "end": "00:10:23", "text": "pretty big difficult job because"}, {"start": "00:10:20", "end": "00:10:25", "text": "inflation keeps going up. We were at 3.8"}, {"start": "00:10:23", "end": "00:10:28", "text": "8. I think the expectation was 3.9. It"}, {"start": "00:10:25", "end": "00:10:30", "text": "went to 4.2%. And we're still going up"}, {"start": "00:10:28", "end": "00:10:31", "text": "as far as inflation goes. He has a"}, {"start": "00:10:30", "end": "00:10:32", "text": "different opinion about where he's"}, {"start": "00:10:31", "end": "00:10:35", "text": "going, where everything's going because"}, {"start": "00:10:32", "end": "00:10:37", "text": "of AI and an economic boom. But if he is"}, {"start": "00:10:35", "end": "00:10:40", "text": "wrong, we're going to see some massive"}, {"start": "00:10:37", "end": "00:10:42", "text": "inflation and an economy going down the"}, {"start": "00:10:40", "end": "00:10:46", "text": "tubes very quickly because of the mass"}, {"start": "00:10:42", "end": "00:10:49", "text": "amount of inflation. Think 1977 to 1979."}, {"start": "00:10:46", "end": "00:10:51", "text": "Because of that, they are actually"}, {"start": "00:10:49", "end": "00:10:54", "text": "meeting on Wednesday, 17th of June. Now"}, {"start": "00:10:51", "end": "00:10:58", "text": "the probabilities of them uh raising"}, {"start": "00:10:54", "end": "00:11:00", "text": "rates as I can see here is zero. Target"}, {"start": "00:10:58", "end": "00:11:02", "text": "current target rate is 35375. That's"}, {"start": "00:11:00", "end": "00:11:05", "text": "where we're at right now. There's a 2.6%"}, {"start": "00:11:02", "end": "00:11:06", "text": "chance they cut. I doubt that very much."}, {"start": "00:11:05", "end": "00:11:08", "text": "The best case scenario, which looks like"}, {"start": "00:11:06", "end": "00:11:11", "text": "it's going to happen, is they're going"}, {"start": "00:11:08", "end": "00:11:14", "text": "to remain."}, {"start": "00:11:11", "end": "00:11:18", "text": "We will see. That's on Wednesday,"}, {"start": "00:11:14", "end": "00:11:20", "text": "which means for this one here, the Bank"}, {"start": "00:11:18", "end": "00:11:21", "text": "of Japan on June 16th, that is on"}, {"start": "00:11:20", "end": "00:11:25", "text": "Tuesday."}, {"start": "00:11:21", "end": "00:11:27", "text": "So, if they raise rates to 1%. And we do"}, {"start": "00:11:25", "end": "00:11:29", "text": "nothing and we start to see inflation"}, {"start": "00:11:27", "end": "00:11:32", "text": "keep going up, it's going to fall on the"}, {"start": "00:11:29", "end": "00:11:35", "text": "new Fed chair's shoulders, and that is"}, {"start": "00:11:32", "end": "00:11:36", "text": "not going to look good. So, we'll see"}, {"start": "00:11:35", "end": "00:11:38", "text": "where it goes. So, what does that mean"}, {"start": "00:11:36", "end": "00:11:40", "text": "for you? What does that mean for us?"}, {"start": "00:11:38", "end": "00:11:41", "text": "Because can we can't control this? I"}, {"start": "00:11:40", "end": "00:11:43", "text": "have no control over who raises rates"}, {"start": "00:11:41", "end": "00:11:45", "text": "and what happens. I have a sphere of"}, {"start": "00:11:43", "end": "00:11:49", "text": "control and it's very small. To me, it's"}, {"start": "00:11:45", "end": "00:11:51", "text": "the same thing. the moving averages."}, {"start": "00:11:49", "end": "00:11:54", "text": "This is still a good time to accumulate,"}, {"start": "00:11:51", "end": "00:11:58", "text": "right? This is in 2022. Here is the 200E"}, {"start": "00:11:54", "end": "00:12:00", "text": "moving average. That was back when gosh,"}, {"start": "00:11:58", "end": "00:12:03", "text": "what was the price? 19,000 20,000"}, {"start": "00:12:00", "end": "00:12:05", "text": "22,000, excuse me. Then as it went below"}, {"start": "00:12:03", "end": "00:12:07", "text": "that, Bitcoin price was 21,000 and"}, {"start": "00:12:05", "end": "00:12:10", "text": "19,000."}, {"start": "00:12:07", "end": "00:12:13", "text": "We right now"}, {"start": "00:12:10", "end": "00:12:15", "text": "are sitting just above that. I still"}, {"start": "00:12:13", "end": "00:12:17", "text": "think it's a good time. However, if you"}, {"start": "00:12:15", "end": "00:12:20", "text": "want to wait a little bit, that's up to"}, {"start": "00:12:17", "end": "00:12:23", "text": "you. The 250We moving average and the"}, {"start": "00:12:20", "end": "00:12:25", "text": "300we moving average is also not a bad"}, {"start": "00:12:23", "end": "00:12:28", "text": "time. If you want to count it as last"}, {"start": "00:12:25", "end": "00:12:31", "text": "time, very few amount of time when we've"}, {"start": "00:12:28", "end": "00:12:33", "text": "been on that level and those numbers,"}, {"start": "00:12:31", "end": "00:12:36", "text": "just if you're aware,"}, {"start": "00:12:33", "end": "00:12:41", "text": "250 moving average was 57,000 and the"}, {"start": "00:12:36", "end": "00:12:43", "text": "300we moving average is 54,000."}, {"start": "00:12:41", "end": "00:12:46", "text": "I saw Bob Lucas's video a couple days"}, {"start": "00:12:43", "end": "00:12:48", "text": "ago and he said it. If you don't follow"}, {"start": "00:12:46", "end": "00:12:51", "text": "Bob Lucas, he's a great one. L O U K A"}, {"start": "00:12:48", "end": "00:12:54", "text": "S. And he made it right. He had a good"}, {"start": "00:12:51", "end": "00:12:56", "text": "point. He said, \"Anything around 50,000,"}, {"start": "00:12:54", "end": "00:12:58", "text": "especially sub 60, is a pretty good time"}, {"start": "00:12:56", "end": "00:13:00", "text": "to accumulate. Can't give financial"}, {"start": "00:12:58", "end": "00:13:01", "text": "advice, but that is looking pretty"}, {"start": "00:13:00", "end": "00:13:03", "text": "good.\" And the last thing you really got"}, {"start": "00:13:01", "end": "00:13:06", "text": "to consider is this. When you're doing"}, {"start": "00:13:03", "end": "00:13:08", "text": "all these things and you're buying"}, {"start": "00:13:06", "end": "00:13:11", "text": "Bitcoin and you buy Bitcoin at hopefully"}, {"start": "00:13:08", "end": "00:13:13", "text": "54,000 or 52,000 or whatever else it is"}, {"start": "00:13:11", "end": "00:13:16", "text": "and then it goes up to 180,000, you got"}, {"start": "00:13:13", "end": "00:13:18", "text": "capital gains to pay. And I don't know"}, {"start": "00:13:16", "end": "00:13:20", "text": "where you're at, but in the States, it"}, {"start": "00:13:18", "end": "00:13:22", "text": "just depends. Depends if it's long-term"}, {"start": "00:13:20", "end": "00:13:24", "text": "or short-term. Depends on what tax"}, {"start": "00:13:22", "end": "00:13:26", "text": "bracket you are in for the short term."}, {"start": "00:13:24", "end": "00:13:28", "text": "And of course, if you're married or"}, {"start": "00:13:26", "end": "00:13:30", "text": "single and stuff like that. Boring. But"}, {"start": "00:13:28", "end": "00:13:33", "text": "here's the thing."}, {"start": "00:13:30", "end": "00:13:35", "text": "Why don't you get a Roth IRA,"}, {"start": "00:13:33", "end": "00:13:36", "text": "which is this is the time to do it"}, {"start": "00:13:35", "end": "00:13:37", "text": "before everything goes up and you get"}, {"start": "00:13:36", "end": "00:13:39", "text": "screwed and you got to pay the"}, {"start": "00:13:37", "end": "00:13:42", "text": "government 20% 30% or whatever else it"}, {"start": "00:13:39", "end": "00:13:44", "text": "is. Here's a 2026 short-term capital"}, {"start": "00:13:42", "end": "00:13:48", "text": "gains tax between a single marrying John"}, {"start": "00:13:44", "end": "00:13:50", "text": "Foley married filing jointly, excuse me,"}, {"start": "00:13:48", "end": "00:13:52", "text": "head of household. And these are the"}, {"start": "00:13:50", "end": "00:13:53", "text": "numbers that that it goes through."}, {"start": "00:13:52", "end": "00:13:54", "text": "Essentially, what it means is this. If"}, {"start": "00:13:53", "end": "00:13:56", "text": "you fall with these numbers, anything"}, {"start": "00:13:54", "end": "00:14:00", "text": "outside of that, you got to pay those"}, {"start": "00:13:56", "end": "00:14:02", "text": "taxes at the 12, 22, 24, 32% up to 37%"}, {"start": "00:14:00", "end": "00:14:05", "text": "taxes. Here's long-term and short-term"}, {"start": "00:14:02", "end": "00:14:06", "text": "49,000 to 545,000, you're paying 15%"}, {"start": "00:14:05", "end": "00:14:09", "text": "right off the top for the government,"}, {"start": "00:14:06", "end": "00:14:11", "text": "which I may remind you doesn't know how"}, {"start": "00:14:09", "end": "00:14:14", "text": "to spend your money."}, {"start": "00:14:11", "end": "00:14:15", "text": "Stop giving it to them. And then also,"}, {"start": "00:14:14", "end": "00:14:18", "text": "if you're not into that, remember that"}, {"start": "00:14:15", "end": "00:14:20", "text": "iTrust can also do some types of"}, {"start": "00:14:18", "end": "00:14:23", "text": "custody. I just had my MetaMask wallet"}, {"start": "00:14:20", "end": "00:14:25", "text": "hacked last week. So, sure, I'm glad I"}, {"start": "00:14:23", "end": "00:14:27", "text": "did this one. Didn't lose everything."}, {"start": "00:14:25", "end": "00:14:30", "text": "This is what Michael Sailor and Larry"}, {"start": "00:14:27", "end": "00:14:32", "text": "Fanky at Black Rockck. Call the guys."}, {"start": "00:14:30", "end": "00:14:34", "text": "There's the number. If you've been"}, {"start": "00:14:32", "end": "00:14:37", "text": "thinking about it, this is the time. We"}, {"start": "00:14:34", "end": "00:14:40", "text": "are at a low. We could go lower. Buy"}, {"start": "00:14:37", "end": "00:14:43", "text": "Bitcoin. Don't pay taxes. That's an"}, {"start": "00:14:40", "end": "00:14:46", "text": "That's a wroth. buy Bitcoin, store it so"}, {"start": "00:14:43", "end": "00:14:48", "text": "the hackers don't get the sweat off your"}, {"start": "00:14:46", "end": "00:14:49", "text": "back because you did all the work for"}, {"start": "00:14:48", "end": "00:14:51", "text": "them and they they they hacked you."}, {"start": "00:14:49", "end": "00:14:52", "text": "That's it for today. So, look, you like"}, {"start": "00:14:51", "end": "00:14:54", "text": "today's video, give it a thumbs up,"}, {"start": "00:14:52", "end": "00:14:56", "text": "consider subscribing. We talk about is"}, {"start": "00:14:54", "end": "00:14:59", "text": "time sensitive. Now, let's get into a"}, {"start": "00:14:56", "end": "00:15:01", "text": "little Q&A and uh"}, {"start": "00:14:59", "end": "00:15:03", "text": "well, I'll answer all your questions."}, {"start": "00:15:01", "end": "00:15:06", "text": "That's funny. Navvice says, \"I lost my"}, {"start": "00:15:03", "end": "00:15:07", "text": "yacht in a crypto accident.\" That's a"}, {"start": "00:15:06", "end": "00:15:09", "text": "good one. That's a nice play on the"}, {"start": "00:15:07", "end": "00:15:13", "text": "words. Very nice."}, {"start": "00:15:09", "end": "00:15:15", "text": "Whimo needs more LAR. I've never I"}, {"start": "00:15:13", "end": "00:15:17", "text": "always see negative stories about Whimo."}, {"start": "00:15:15", "end": "00:15:19", "text": "Probably because I'm on X so much and"}, {"start": "00:15:17", "end": "00:15:21", "text": "I'm pretty sure that the algorithm is"}, {"start": "00:15:19", "end": "00:15:24", "text": "probably pushing me a lot of negative"}, {"start": "00:15:21", "end": "00:15:26", "text": "Whimo articles. Probably because Elon"}, {"start": "00:15:24", "end": "00:15:28", "text": "Musk owns X. Just saying. We'll go from"}, {"start": "00:15:26", "end": "00:15:32", "text": "there."}, {"start": "00:15:28", "end": "00:15:34", "text": "That's it. Where's Rob right here? My"}, {"start": "00:15:32", "end": "00:15:37", "text": "specs order was 100% filled all 10"}, {"start": "00:15:34", "end": "00:15:40", "text": "shares. Wow, that's pretty good. Was"}, {"start": "00:15:37", "end": "00:15:44", "text": "that through Kraken or what was that"}, {"start": "00:15:40", "end": "00:15:46", "text": "through Roy? I'm curious."}, {"start": "00:15:44", "end": "00:15:49", "text": "And wisdom says, \"Mark my word. There"}, {"start": "00:15:46", "end": "00:15:51", "text": "will be other SpaceX type services"}, {"start": "00:15:49", "end": "00:15:54", "text": "popping out which will be cheaper."}, {"start": "00:15:51", "end": "00:15:55", "text": "Google Anthropic paying SpaceX every"}, {"start": "00:15:54", "end": "00:15:57", "text": "month is all hype which will unravel"}, {"start": "00:15:55", "end": "00:16:00", "text": "soon. Stay tuned.\" Yeah, that's why like"}, {"start": "00:15:57", "end": "00:16:02", "text": "I'm going to start dollar cost averaging"}, {"start": "00:16:00", "end": "00:16:04", "text": "that. I mean,"}, {"start": "00:16:02", "end": "00:16:07", "text": "it's the same thing with with with Tesla"}, {"start": "00:16:04", "end": "00:16:08", "text": "and their and their vehicles. I'm pretty"}, {"start": "00:16:07", "end": "00:16:10", "text": "sure somebody makes a way cheaper"}, {"start": "00:16:08", "end": "00:16:13", "text": "vehicle"}, {"start": "00:16:10", "end": "00:16:15", "text": "uh as far as for EVs, electric vehicle."}, {"start": "00:16:13", "end": "00:16:17", "text": "I'm pretty sure they're out there,"}, {"start": "00:16:15", "end": "00:16:19", "text": "right? But there's a reason why a lot of"}, {"start": "00:16:17", "end": "00:16:22", "text": "people just buy Teslas. First of all,"}, {"start": "00:16:19", "end": "00:16:24", "text": "they do work. They're pretty nice."}, {"start": "00:16:22", "end": "00:16:26", "text": "Pretty fantastic. And uh they've got"}, {"start": "00:16:24", "end": "00:16:27", "text": "great range, great safety. I think"}, {"start": "00:16:26", "end": "00:16:29", "text": "that's the big thing, especially if you"}, {"start": "00:16:27", "end": "00:16:31", "text": "have family or you just want to not die."}, {"start": "00:16:29", "end": "00:16:32", "text": "That's one of the big things. And uh"}, {"start": "00:16:31", "end": "00:16:36", "text": "yeah, now some people say, \"Well, you"}, {"start": "00:16:32", "end": "00:16:37", "text": "know, this car is great.\" I I guess, but"}, {"start": "00:16:36", "end": "00:16:39", "text": "at the end of the day, you have to take"}, {"start": "00:16:37", "end": "00:16:40", "text": "a look at it that there probably are"}, {"start": "00:16:39", "end": "00:16:42", "text": "cheaper cars. Maybe there's some better"}, {"start": "00:16:40", "end": "00:16:45", "text": "cars, but for some reason, Tesla seems"}, {"start": "00:16:42", "end": "00:16:49", "text": "to keep that lion share of the market."}, {"start": "00:16:45", "end": "00:16:50", "text": "We will see. Meme is here. Kelby is"}, {"start": "00:16:49", "end": "00:16:52", "text": "here, who I think probably listened to"}, {"start": "00:16:50", "end": "00:16:57", "text": "Ben. We topped on apathy like Ben says,"}, {"start": "00:16:52", "end": "00:16:59", "text": "maybe we bought him on maybe, maybe. So,"}, {"start": "00:16:57", "end": "00:17:00", "text": "uh, hey Rob, do we know the current cost"}, {"start": "00:16:59", "end": "00:17:01", "text": "of mine one bitcoin? It's probably know"}, {"start": "00:17:00", "end": "00:17:03", "text": "the price of Bitcoin's never fallen"}, {"start": "00:17:01", "end": "00:17:06", "text": "below what it cost to mine one. There's"}, {"start": "00:17:03", "end": "00:17:09", "text": "a lot of difference. It depends on the"}, {"start": "00:17:06", "end": "00:17:11", "text": "location and it depends on the deal that"}, {"start": "00:17:09", "end": "00:17:14", "text": "the mining operation has uh with the"}, {"start": "00:17:11", "end": "00:17:18", "text": "electric company. I know here in out of"}, {"start": "00:17:14", "end": "00:17:20", "text": "Rockstone or in Texas uh Riot, they have"}, {"start": "00:17:18", "end": "00:17:22", "text": "a great deal with the Texas Department"}, {"start": "00:17:20", "end": "00:17:24", "text": "of Energy and they have they struck that"}, {"start": "00:17:22", "end": "00:17:25", "text": "deal and said, \"Hey, you know what? give"}, {"start": "00:17:24", "end": "00:17:28", "text": "us really super cheap electricity which"}, {"start": "00:17:25", "end": "00:17:30", "text": "is the main cost and uh what we'll do is"}, {"start": "00:17:28", "end": "00:17:32", "text": "when you have an overload to the system"}, {"start": "00:17:30", "end": "00:17:34", "text": "we'll just shut it off you know and"}, {"start": "00:17:32", "end": "00:17:35", "text": "that's it and we won't use it and of"}, {"start": "00:17:34", "end": "00:17:36", "text": "course you will pay us for that which"}, {"start": "00:17:35", "end": "00:17:38", "text": "will subsidize the amount of electricity"}, {"start": "00:17:36", "end": "00:17:41", "text": "so I'm not for sure how that all works"}, {"start": "00:17:38", "end": "00:17:42", "text": "between like say like that one and a"}, {"start": "00:17:41", "end": "00:17:45", "text": "host of other ones that are around the"}, {"start": "00:17:42", "end": "00:17:49", "text": "world I don't know"}, {"start": "00:17:45", "end": "00:17:52", "text": "I don't knew winning"}, {"start": "00:17:49", "end": "00:17:55", "text": "wow leisure says Google agreed to pay"}, {"start": "00:17:52", "end": "00:17:57", "text": "SpaceX 900 20 million per month under a"}, {"start": "00:17:55", "end": "00:17:59", "text": "cloud committee contract lasting from 26"}, {"start": "00:17:57", "end": "00:18:01", "text": "to June 29. And these are the things"}, {"start": "00:17:59", "end": "00:18:03", "text": "that it sounds good, but I wonder like"}, {"start": "00:18:01", "end": "00:18:06", "text": "if they're like, \"Hey, we'll pay you 920"}, {"start": "00:18:03", "end": "00:18:06", "text": "million"}, {"start": "00:18:06", "end": "00:18:13", "text": "Google. Google will pay SpaceX"}, {"start": "00:18:10", "end": "00:18:18", "text": "and uh cloud Q&A contract.\" And SpaceX"}, {"start": "00:18:13", "end": "00:18:21", "text": "is like, \"Great. Uh, you know, we need"}, {"start": "00:18:18", "end": "00:18:24", "text": "uh we need some fill in the blank that"}, {"start": "00:18:21", "end": "00:18:27", "text": "only Google can give us at $800 million."}, {"start": "00:18:24", "end": "00:18:29", "text": "Maybe we need storage. Maybe we need"}, {"start": "00:18:27", "end": "00:18:32", "text": "some type of cloud computing or"}, {"start": "00:18:29", "end": "00:18:36", "text": "something like that. Who knows?"}, {"start": "00:18:32", "end": "00:18:36", "text": "Google agreed to pay SpaceX."}, {"start": "00:18:36", "end": "00:18:41", "text": "I wonder if that's the other way around."}, {"start": "00:18:39", "end": "00:18:43", "text": "Unless Google really pays SpaceX when"}, {"start": "00:18:41", "end": "00:18:45", "text": "they launch because as far as I know,"}, {"start": "00:18:43", "end": "00:18:51", "text": "they don't have any data centers in"}, {"start": "00:18:45", "end": "00:18:51", "text": "space yet, do they? We'll see. Oh well,"}, {"start": "00:18:52", "end": "00:18:55", "text": "if data is stored in space, we want to"}, {"start": "00:18:53", "end": "00:18:56", "text": "call it a cloud. That's true. What"}, {"start": "00:18:55", "end": "00:18:59", "text": "happened to SU? The same thing happened"}, {"start": "00:18:56", "end": "00:19:02", "text": "that happened to every altcoin. You see,"}, {"start": "00:18:59", "end": "00:19:04", "text": "this really is all speculation and it's"}, {"start": "00:19:02", "end": "00:19:06", "text": "just uh people who are speculating what"}, {"start": "00:19:04", "end": "00:19:08", "text": "it could actually do and then they run"}, {"start": "00:19:06", "end": "00:19:09", "text": "with it. It's kind of like the futures"}, {"start": "00:19:08", "end": "00:19:11", "text": "contracts that are out there. You're"}, {"start": "00:19:09", "end": "00:19:14", "text": "just like, what do you think it can be?"}, {"start": "00:19:11", "end": "00:19:17", "text": "This is all gambling pretty much."}, {"start": "00:19:14", "end": "00:19:18", "text": "And that's pretty much how it goes. Now,"}, {"start": "00:19:17", "end": "00:19:20", "text": "I like Bitcoin just for the store of"}, {"start": "00:19:18", "end": "00:19:22", "text": "value narrative. And if you look over"}, {"start": "00:19:20", "end": "00:19:24", "text": "four years, it does make a heck of a lot"}, {"start": "00:19:22", "end": "00:19:26", "text": "of sense, especially as you see the"}, {"start": "00:19:24", "end": "00:19:28", "text": "amount of money that gets printed and"}, {"start": "00:19:26", "end": "00:19:30", "text": "the amount of inflation that we're we're"}, {"start": "00:19:28", "end": "00:19:31", "text": "hitting and unfortunately the amount of"}, {"start": "00:19:30", "end": "00:19:34", "text": "all goods and services that keep going"}, {"start": "00:19:31", "end": "00:19:35", "text": "up. So, in that regard,"}, {"start": "00:19:34", "end": "00:19:37", "text": "Bitcoin has a pretty good store of"}, {"start": "00:19:35", "end": "00:19:39", "text": "value, long-term store of value"}, {"start": "00:19:37", "end": "00:19:41", "text": "narrative, and it works out. The one"}, {"start": "00:19:39", "end": "00:19:43", "text": "that doesn't work out is the short-term"}, {"start": "00:19:41", "end": "00:19:45", "text": "store of value, which, you know, people"}, {"start": "00:19:43", "end": "00:19:50", "text": "who are gold bugs and silver bugs will"}, {"start": "00:19:45", "end": "00:19:52", "text": "remind us, add nauseium, how great their"}, {"start": "00:19:50", "end": "00:19:55", "text": "precious metals are, which I own some. I"}, {"start": "00:19:52", "end": "00:19:57", "text": "I get it. But as a reminder, I mean,"}, {"start": "00:19:55", "end": "00:20:00", "text": "gold went down like 20% in like three"}, {"start": "00:19:57", "end": "00:20:01", "text": "months. So, how good is your store of"}, {"start": "00:20:00", "end": "00:20:06", "text": "value now?"}, {"start": "00:20:01", "end": "00:20:06", "text": "Anyhow, let's see."}, {"start": "00:20:06", "end": "00:20:10", "text": "Yeah, it's always possible. Keep going"}, {"start": "00:20:08", "end": "00:20:12", "text": "lower. Eventually, we're just not going"}, {"start": "00:20:10", "end": "00:20:15", "text": "to"}, {"start": "00:20:12", "end": "00:20:15", "text": "this is true."}, {"start": "00:20:16", "end": "00:20:20", "text": "Ah, dog house. I had a dust attack on my"}, {"start": "00:20:18", "end": "00:20:26", "text": "ledger."}, {"start": "00:20:20", "end": "00:20:28", "text": "Vanguard Roth, spot on. Thank you, Rod."}, {"start": "00:20:26", "end": "00:20:33", "text": "Let's see. Someone's asking about the"}, {"start": "00:20:28", "end": "00:20:33", "text": "gold price. So, gold"}, {"start": "00:20:34", "end": "00:20:38", "text": "I actually own some I don't own some"}, {"start": "00:20:36", "end": "00:20:40", "text": "physical gold. I know, crazy. I just"}, {"start": "00:20:38", "end": "00:20:42", "text": "have in my Roth IRA with ITR. That's"}, {"start": "00:20:40", "end": "00:20:45", "text": "what I It's a funny thing because I you"}, {"start": "00:20:42", "end": "00:20:46", "text": "know, you can only put in so much unless"}, {"start": "00:20:45", "end": "00:20:48", "text": "you do a backdoor Roth IRA. Talk to the"}, {"start": "00:20:46", "end": "00:20:50", "text": "guys over at iTrust about that if you"}, {"start": "00:20:48", "end": "00:20:53", "text": "want to do that."}, {"start": "00:20:50", "end": "00:20:55", "text": "But, uh, I didn't buy that much gold."}, {"start": "00:20:53", "end": "00:20:57", "text": "You know, I had some I had some altcoins"}, {"start": "00:20:55", "end": "00:21:01", "text": "in there and right now gold is my second"}, {"start": "00:20:57", "end": "00:21:02", "text": "largest position in my Roth IRA right"}, {"start": "00:21:01", "end": "00:21:05", "text": "behind number one which is Bitcoin."}, {"start": "00:21:02", "end": "00:21:09", "text": "Pretty crazy, right? So, anyhow, like I"}, {"start": "00:21:05", "end": "00:21:09", "text": "was saying, sort of value stuff."}, {"start": "00:21:10", "end": "00:21:15", "text": "So, gold is down"}, {"start": "00:21:13", "end": "00:21:18", "text": "in three days. 041"}, {"start": "00:21:15", "end": "00:21:21", "text": "three months. Gold. Yeah, gold is down."}, {"start": "00:21:18", "end": "00:21:23", "text": "Yeah. 20%. It's down 20% in three"}, {"start": "00:21:21", "end": "00:21:26", "text": "months."}, {"start": "00:21:23", "end": "00:21:29", "text": "Although how about a year? It's up 24%"}, {"start": "00:21:26", "end": "00:21:31", "text": "in a year and then five years 121 which"}, {"start": "00:21:29", "end": "00:21:33", "text": "is pretty good. So people look at this"}, {"start": "00:21:31", "end": "00:21:36", "text": "and like"}, {"start": "00:21:33", "end": "00:21:38", "text": "well that's how you do it. I mean and of"}, {"start": "00:21:36", "end": "00:21:41", "text": "course you can say that you can do the"}, {"start": "00:21:38", "end": "00:21:41", "text": "same thing"}, {"start": "00:21:41", "end": "00:21:46", "text": "the exact same thing with Bitcoin which"}, {"start": "00:21:44", "end": "00:21:48", "text": "is why I never understood why the"}, {"start": "00:21:46", "end": "00:21:54", "text": "precious metal people hated us so much."}, {"start": "00:21:48", "end": "00:21:54", "text": "So like over three months"}, {"start": "00:21:55", "end": "00:22:02", "text": "we went from 72 to 64 just like gold and"}, {"start": "00:21:59", "end": "00:22:05", "text": "then but unfortunately over a year we"}, {"start": "00:22:02", "end": "00:22:07", "text": "are down 39%."}, {"start": "00:22:05", "end": "00:22:12", "text": "Which is pretty bad. But of course if"}, {"start": "00:22:07", "end": "00:22:12", "text": "you go back say like two years"}, {"start": "00:22:12", "end": "00:22:17", "text": "things are looking a little better. And"}, {"start": "00:22:14", "end": "00:22:19", "text": "if you go back five years,"}, {"start": "00:22:17", "end": "00:22:21", "text": "okay, things are looking a lot better."}, {"start": "00:22:19", "end": "00:22:24", "text": "So, it's just how it goes. When in"}, {"start": "00:22:21", "end": "00:22:28", "text": "doubt, zoom out. That's pretty much it."}, {"start": "00:22:24", "end": "00:22:28", "text": "Let's see. Lambo."}, {"start": "00:22:28", "end": "00:22:32", "text": "Yeah. Gold is never good in the short"}, {"start": "00:22:30", "end": "00:22:36", "text": "term. That's how it should be for good"}, {"start": "00:22:32", "end": "00:22:36", "text": "store of values. Yeah."}, {"start": "00:22:37", "end": "00:22:45", "text": "Store equals time. Exactly. Long-term"}, {"start": "00:22:40", "end": "00:22:45", "text": "store of value. That's how I see it."}, {"start": "00:22:45", "end": "00:22:49", "text": "And I guess that's it."}, {"start": "00:22:51", "end": "00:22:54", "text": "That's it for today. So everybody,"}, {"start": "00:22:53", "end": "00:22:56", "text": "thanks so much for stopping by on a"}, {"start": "00:22:54", "end": "00:22:58", "text": "Saturday. That is it for tomorrow. It's"}, {"start": "00:22:56", "end": "00:23:00", "text": "uh me and Jerry probably going to talk"}, {"start": "00:22:58", "end": "00:23:02", "text": "about a little AI stuff and what the"}, {"start": "00:23:00", "end": "00:23:05", "text": "heck is going on. But again, next week I"}, {"start": "00:23:02", "end": "00:23:07", "text": "think is going to be very very volatile"}, {"start": "00:23:05", "end": "00:23:10", "text": "with the Bank of Japan and then Fed"}, {"start": "00:23:07", "end": "00:23:13", "text": "Reserve meeting and such like that. And"}, {"start": "00:23:10", "end": "00:23:15", "text": "uh we'll see how it works. But um"}, {"start": "00:23:13", "end": "00:23:17", "text": "Yeah, usually when Bank of Japan raises"}, {"start": "00:23:15", "end": "00:23:19", "text": "rates, not looking good for everything"}, {"start": "00:23:17", "end": "00:23:20", "text": "else out there. That's it for today."}, {"start": "00:23:19", "end": "00:23:24", "text": "Thanks much everybody. See you on the"}, {"start": "00:23:20", "end": "00:23:24", "text": "next one which will be m�ana. Adios."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Canton network just raised 355 million"}, {"start": "00:00:02", "end": "00:00:06", "text": "to bring Wall Street on chain, which is"}, {"start": "00:00:04", "end": "00:00:08", "text": "what they're doing with SpaceX. If this"}, {"start": "00:00:06", "end": "00:00:10", "text": "goes off without a hitch, this could be"}, {"start": "00:00:08", "end": "00:00:13", "text": "a big day for blockchain. Digital asset"}, {"start": "00:00:10", "end": "00:00:15", "text": "co-founder CEO Yuval Rooz, I think I"}, {"start": "00:00:13", "end": "00:00:19", "text": "said it right."}, {"start": "00:00:15", "end": "00:00:21", "text": "And interesting enough, Canton network"}, {"start": "00:00:19", "end": "00:00:23", "text": "or the developer of Canton network is a"}, {"start": "00:00:21", "end": "00:00:27", "text": "company called digital asset. Hey,"}, {"start": "00:00:23", "end": "00:00:29", "text": "digital asset. Uh DMs are open if you"}, {"start": "00:00:27", "end": "00:00:31", "text": "want to do a little space there."}, {"start": "00:00:29", "end": "00:00:34", "text": "Uh I can definitely fit you in cuz"}, {"start": "00:00:31", "end": "00:00:36", "text": "digital asset news, digital asset, what"}, {"start": "00:00:34", "end": "00:00:37", "text": "a match made in heaven. Anyhow, that's"}, {"start": "00:00:36", "end": "00:00:38", "text": "for them."}, {"start": "00:00:37", "end": "00:00:41", "text": "Digital asset developer of the Canton"}, {"start": "00:00:38", "end": "00:00:44", "text": "network said it raised 355 million in a"}, {"start": "00:00:41", "end": "00:00:45", "text": "funding round led by A16Z crypto. If you"}, {"start": "00:00:44", "end": "00:00:46", "text": "know what those are, those are very big"}, {"start": "00:00:45", "end": "00:00:47", "text": "hitters in the traditional finance"}, {"start": "00:00:46", "end": "00:00:49", "text": "space."}, {"start": "00:00:47", "end": "00:00:51", "text": "Global institutions including ABN Amro,"}, {"start": "00:00:49", "end": "00:00:53", "text": "you don't know who they are. Apollo"}, {"start": "00:00:51", "end": "00:00:57", "text": "funds, BNP Paribas, there you go."}, {"start": "00:00:53", "end": "00:01:00", "text": "Citadel Securities, massive. HSBC, SBI"}, {"start": "00:00:57", "end": "00:01:02", "text": "Group, which if you are a big Ripple"}, {"start": "00:01:00", "end": "00:01:05", "text": "fan, you know who they are. And the Abu"}, {"start": "00:01:02", "end": "00:01:08", "text": "Dhabi Investment Authority also joined"}, {"start": "00:01:05", "end": "00:01:10", "text": "the round to invest into Canton network."}, {"start": "00:01:08", "end": "00:01:12", "text": "Why is that such a big deal? Because"}, {"start": "00:01:10", "end": "00:01:13", "text": "again, real-world assets, and it's not"}, {"start": "00:01:12", "end": "00:01:15", "text": "just"}, {"start": "00:01:13", "end": "00:01:18", "text": "equities"}, {"start": "00:01:15", "end": "00:01:20", "text": "that can be tokenized. You've got non-US"}, {"start": "00:01:18", "end": "00:01:23", "text": "government debt. You got active"}, {"start": "00:01:20", "end": "00:01:25", "text": "strategies, stocks, specialty finance,"}, {"start": "00:01:23", "end": "00:01:27", "text": "asset-backed credit, commodities, and US"}, {"start": "00:01:25", "end": "00:01:29", "text": "Treasury debt. And the big player, the"}, {"start": "00:01:27", "end": "00:01:32", "text": "big winner right now as far as total"}, {"start": "00:01:29", "end": "00:01:35", "text": "value, 335 billion is tied up with"}, {"start": "00:01:32", "end": "00:01:35", "text": "Canton."}]

[{"start": "00:00:01", "end": "00:00:06", "text": "Well, everybody, what a day it was in"}, {"start": "00:00:03", "end": "00:00:07", "text": "the IPO race as SpaceX did massive"}, {"start": "00:00:06", "end": "00:00:09", "text": "numbers and everybody's talking about"}, {"start": "00:00:07", "end": "00:00:11", "text": "it. So, I'd like to not dwell on it too"}, {"start": "00:00:09", "end": "00:00:14", "text": "much. Let's actually talk about"}, {"start": "00:00:11", "end": "00:00:16", "text": "something that concerns us, Bitcoin. So,"}, {"start": "00:00:14", "end": "00:00:17", "text": "today we're going to take a look at"}, {"start": "00:00:16", "end": "00:00:19", "text": "Black Rockck as it launches another ETF."}, {"start": "00:00:17", "end": "00:00:22", "text": "And I got to tell you, Black Rockck are"}, {"start": "00:00:19", "end": "00:00:24", "text": "not dumb people. $14 trillion assets"}, {"start": "00:00:22", "end": "00:00:27", "text": "under management. They don't do this at"}, {"start": "00:00:24", "end": "00:00:28", "text": "the tip top of the uh market. They try"}, {"start": "00:00:27", "end": "00:00:30", "text": "to time things. and I think they're in"}, {"start": "00:00:28", "end": "00:00:33", "text": "the right place. But before we get into"}, {"start": "00:00:30", "end": "00:00:37", "text": "that, there is something to say about"}, {"start": "00:00:33", "end": "00:00:40", "text": "the IPO. First of all, the IPO for"}, {"start": "00:00:37", "end": "00:00:40", "text": "SpaceX is not the only one. As a"}, {"start": "00:00:40", "end": "00:00:43", "text": "reminder, we're going to have another"}, {"start": "00:00:40", "end": "00:00:47", "text": "big one, Open AAI and Anthropic, usually"}, {"start": "00:00:43", "end": "00:00:49", "text": "looks like Q3 of 2026, but as a reminder"}, {"start": "00:00:47", "end": "00:00:50", "text": "for IPOs, just to kind of temper"}, {"start": "00:00:49", "end": "00:00:52", "text": "everybody's expectations. This is a"}, {"start": "00:00:50", "end": "00:00:55", "text": "pretty good quote from Warren Buffett"}, {"start": "00:00:52", "end": "00:00:58", "text": "posed by Adam Cohen. He talks about how"}, {"start": "00:00:55", "end": "00:01:00", "text": "Warren Buffett sees it. He says, \"The"}, {"start": "00:00:58", "end": "00:01:02", "text": "idea that a newly issued security IPO"}, {"start": "00:01:00", "end": "00:01:04", "text": "brought to market at a time of the"}, {"start": "00:01:02", "end": "00:01:05", "text": "seller's choosing and surrounded by"}, {"start": "00:01:04", "end": "00:01:08", "text": "massive hype, which I have to tell you"}, {"start": "00:01:05", "end": "00:01:13", "text": "there's massive I mean, I've never seen"}, {"start": "00:01:08", "end": "00:01:16", "text": "so much so much u exuberance for an IPO"}, {"start": "00:01:13", "end": "00:01:17", "text": "than this. SpaceX is the single best"}, {"start": "00:01:16", "end": "00:01:22", "text": "bargain among thousands of global"}, {"start": "00:01:17", "end": "00:01:24", "text": "business is absolute nonsense.\""}, {"start": "00:01:22", "end": "00:01:25", "text": "Again, Warren Buffett. While people"}, {"start": "00:01:24", "end": "00:01:26", "text": "easily get caught up in the excitement"}, {"start": "00:01:25", "end": "00:01:29", "text": "of a new launch, look at the reality."}, {"start": "00:01:26", "end": "00:01:32", "text": "You have thousands of existing public"}, {"start": "00:01:29", "end": "00:01:34", "text": "companies whose prices are set by a"}, {"start": "00:01:32", "end": "00:01:35", "text": "natural auction market free from"}, {"start": "00:01:34", "end": "00:01:37", "text": "aggressive promotion hidden fees. It"}, {"start": "00:01:35", "end": "00:01:40", "text": "makes no sense to buy a security"}, {"start": "00:01:37", "end": "00:01:43", "text": "precisely when an insider decides the"}, {"start": "00:01:40", "end": "00:01:45", "text": "timing is perfect to sell. Frankly, it"}, {"start": "00:01:43", "end": "00:01:48", "text": "isn't worth spending five seconds"}, {"start": "00:01:45", "end": "00:01:51", "text": "thinking about IPOs."}, {"start": "00:01:48", "end": "00:01:52", "text": "Remember that when we take a look at"}, {"start": "00:01:51", "end": "00:01:55", "text": "Warren Buffett and how much money he's"}, {"start": "00:01:52", "end": "00:01:57", "text": "sitting on right now, which is in the"}, {"start": "00:01:55", "end": "00:01:59", "text": "hundreds of billions of dollars. So, is"}, {"start": "00:01:57", "end": "00:02:01", "text": "he right"}, {"start": "00:01:59", "end": "00:02:04", "text": "now"}, {"start": "00:02:01", "end": "00:02:06", "text": "on some? Yes. But on this one, no. So,"}, {"start": "00:02:04", "end": "00:02:08", "text": "congratulations. Everybody got into"}, {"start": "00:02:06", "end": "00:02:11", "text": "SpaceX. Woo! You guys did a great job. I"}, {"start": "00:02:08", "end": "00:02:12", "text": "uh this actually broke out. I started to"}, {"start": "00:02:11", "end": "00:02:14", "text": "see it around 12 o'clock, but it just"}, {"start": "00:02:12", "end": "00:02:16", "text": "went in a straight line from roughly uh"}, {"start": "00:02:14", "end": "00:02:18", "text": "what was it 135 for the opening bell all"}, {"start": "00:02:16", "end": "00:02:21", "text": "the way up to 170. So like you did"}, {"start": "00:02:18", "end": "00:02:23", "text": "nothing today in like four hours and you"}, {"start": "00:02:21", "end": "00:02:25", "text": "gained 20% almost like a memecoin. And"}, {"start": "00:02:23", "end": "00:02:29", "text": "this is why I think everybody should"}, {"start": "00:02:25", "end": "00:02:32", "text": "start trading in crypto because when you"}, {"start": "00:02:29", "end": "00:02:33", "text": "see 20% you're like what's next? Because"}, {"start": "00:02:32", "end": "00:02:35", "text": "that's nothing. That's that's that's"}, {"start": "00:02:33", "end": "00:02:36", "text": "cute. That's adorable. But I mean this"}, {"start": "00:02:35", "end": "00:02:38", "text": "isn't a this isn't something that really"}, {"start": "00:02:36", "end": "00:02:40", "text": "excites me. in the traditional market"}, {"start": "00:02:38", "end": "00:02:41", "text": "this is a huge thing and it was and of"}, {"start": "00:02:40", "end": "00:02:43", "text": "course then it dropped off and I think"}, {"start": "00:02:41", "end": "00:02:46", "text": "we topped out around 170 now or 160 but"}, {"start": "00:02:43", "end": "00:02:49", "text": "again I think this is the largest IPO of"}, {"start": "00:02:46", "end": "00:02:52", "text": "all time ever and up 20% so"}, {"start": "00:02:49", "end": "00:02:54", "text": "congratulations for all you SpaceX"}, {"start": "00:02:52", "end": "00:02:56", "text": "buyers I am one of them but I'd like to"}, {"start": "00:02:54", "end": "00:02:58", "text": "remind you of the reason why I brought"}, {"start": "00:02:56", "end": "00:03:00", "text": "this to your attention it's the rules"}, {"start": "00:02:58", "end": "00:03:01", "text": "underneath me"}, {"start": "00:03:00", "end": "00:03:03", "text": "first one is don't invest more than you"}, {"start": "00:03:01", "end": "00:03:05", "text": "can afford to lose pretend that it's all"}, {"start": "00:03:03", "end": "00:03:07", "text": "gone then you won't feel so bad when"}, {"start": "00:03:05", "end": "00:03:09", "text": "things go sideways everything's a scam"}, {"start": "00:03:07", "end": "00:03:12", "text": "tell otherwise. Don't leave things on"}, {"start": "00:03:09", "end": "00:03:14", "text": "exchanges, of course, for crypto. Try"}, {"start": "00:03:12", "end": "00:03:16", "text": "not to use leverage, especially the"}, {"start": "00:03:14", "end": "00:03:19", "text": "1500X, you bunch of gamblers. And take"}, {"start": "00:03:16", "end": "00:03:21", "text": "profits. Take profits along the way."}, {"start": "00:03:19", "end": "00:03:23", "text": "Nobody ever went broke taking profits."}, {"start": "00:03:21", "end": "00:03:26", "text": "You can read into that as you will. I'm"}, {"start": "00:03:23", "end": "00:03:28", "text": "just saying take some profits. And uh as"}, {"start": "00:03:26", "end": "00:03:30", "text": "a reminder though, just to give you a"}, {"start": "00:03:28", "end": "00:03:33", "text": "little bit of balance,"}, {"start": "00:03:30", "end": "00:03:35", "text": "uh we took a look at IPOs the last"}, {"start": "00:03:33", "end": "00:03:37", "text": "couple weeks or so. And as a reminder, I"}, {"start": "00:03:35", "end": "00:03:40", "text": "showed you some of the winners and some"}, {"start": "00:03:37", "end": "00:03:43", "text": "of the losers. Winners being Circle"}, {"start": "00:03:40", "end": "00:03:46", "text": "Reddit arm. I mean, from 2023 24 and"}, {"start": "00:03:43", "end": "00:03:50", "text": "five, they're up between 187% and 700%."}, {"start": "00:03:46", "end": "00:03:54", "text": "But you got loers like Coinbase that are"}, {"start": "00:03:50", "end": "00:03:56", "text": "down 34% from their original IPO price"}, {"start": "00:03:54", "end": "00:04:00", "text": "in April of 2021. But I want you to"}, {"start": "00:03:56", "end": "00:04:04", "text": "notice something. these IPO prices"}, {"start": "00:04:00", "end": "00:04:06", "text": "for the first oh you know day or a month"}, {"start": "00:04:04", "end": "00:04:08", "text": "or something like that do pretty darn"}, {"start": "00:04:06", "end": "00:04:11", "text": "good. Coinbase went and we talked about"}, {"start": "00:04:08", "end": "00:04:14", "text": "this. Coinbase went from 250 to the day"}, {"start": "00:04:11", "end": "00:04:17", "text": "one close of 328 and in one week it was"}, {"start": "00:04:14", "end": "00:04:20", "text": "at 290. It's not bad. Then 280 a month"}, {"start": "00:04:17", "end": "00:04:21", "text": "later. So you're still up. Instacart"}, {"start": "00:04:20", "end": "00:04:25", "text": "roughly the same thing although it"}, {"start": "00:04:21", "end": "00:04:29", "text": "tanked closely after that. Airbnb 68 to"}, {"start": "00:04:25", "end": "00:04:31", "text": "139 to 155 166 hey it's pretty good and"}, {"start": "00:04:29", "end": "00:04:34", "text": "so on and so forth and of course the big"}, {"start": "00:04:31", "end": "00:04:37", "text": "ones just shot up like rockets 51 day"}, {"start": "00:04:34", "end": "00:04:41", "text": "one flow 63 then 55 52 not too good then"}, {"start": "00:04:37", "end": "00:04:43", "text": "one year 135 so alls I'm saying here is"}, {"start": "00:04:41", "end": "00:04:46", "text": "that it can go either way but it's not a"}, {"start": "00:04:43", "end": "00:04:48", "text": "bad idea to take some profits and u not"}, {"start": "00:04:46", "end": "00:04:51", "text": "to be overshadowed but you know that"}, {"start": "00:04:48", "end": "00:04:54", "text": "Avalanche had their IPO five days ago or"}, {"start": "00:04:51", "end": "00:04:55", "text": "so and how did it do not greatest. And"}, {"start": "00:04:54", "end": "00:04:56", "text": "these are the things that I think Warren"}, {"start": "00:04:55", "end": "00:04:59", "text": "Buffett talks about. This is the"}, {"start": "00:04:56", "end": "00:05:01", "text": "Avalanche Treasury Corporation Class A"}, {"start": "00:04:59", "end": "00:05:07", "text": "common stock. And this went live. When"}, {"start": "00:05:01", "end": "00:05:10", "text": "was this? Wow. A couple days ago,"}, {"start": "00:05:07", "end": "00:05:13", "text": "one month, five days. Yeah, three, four"}, {"start": "00:05:10", "end": "00:05:14", "text": "days ago. And uh it's down roughly 27%."}, {"start": "00:05:13", "end": "00:05:17", "text": "So, hey, you can't win them all. That's"}, {"start": "00:05:14", "end": "00:05:18", "text": "pretty much what it is. So, that's uh"}, {"start": "00:05:17", "end": "00:05:20", "text": "concludes the IPO. Just wanted to bring"}, {"start": "00:05:18", "end": "00:05:21", "text": "this in. I try not to bring the"}, {"start": "00:05:20", "end": "00:05:24", "text": "traditional markets up. So, let's get"}, {"start": "00:05:21", "end": "00:05:26", "text": "into the good stuff. Bitcoin. So,"}, {"start": "00:05:24", "end": "00:05:29", "text": "BlackRock, 14 trillion assets under"}, {"start": "00:05:26", "end": "00:05:31", "text": "management, not dumb people, doing a"}, {"start": "00:05:29", "end": "00:05:36", "text": "great job here. Looks like they are"}, {"start": "00:05:31", "end": "00:05:38", "text": "launching a Bitcoin premium income"}, {"start": "00:05:36", "end": "00:05:39", "text": "income ETF."}, {"start": "00:05:38", "end": "00:05:41", "text": "This is a little bit different. First of"}, {"start": "00:05:39", "end": "00:05:43", "text": "all, it's not futures, it's spot. They"}, {"start": "00:05:41", "end": "00:05:47", "text": "got to buy Bitcoin to hold it in there."}, {"start": "00:05:43", "end": "00:05:50", "text": "The ETF holds Bitcoin exposure."}, {"start": "00:05:47", "end": "00:05:51", "text": "Uh, uses an actively managed covered"}, {"start": "00:05:50", "end": "00:05:53", "text": "call strategy. I'm not a big trader."}, {"start": "00:05:51", "end": "00:05:55", "text": "That's up for you guys. Selling call"}, {"start": "00:05:53", "end": "00:05:59", "text": "options generate monthly premium income"}, {"start": "00:05:55", "end": "00:06:01", "text": "for investors, which sounds pretty good."}, {"start": "00:05:59", "end": "00:06:02", "text": "And this just got released, the form 8A"}, {"start": "00:06:01", "end": "00:06:04", "text": "with the SEC. And it looks like"}, {"start": "00:06:02", "end": "00:06:07", "text": "according to Eric Bunis, who was right"}, {"start": "00:06:04", "end": "00:06:09", "text": "on the other ETFs, this typically means"}, {"start": "00:06:07", "end": "00:06:13", "text": "it's going to launch in one week. And as"}, {"start": "00:06:09", "end": "00:06:16", "text": "a reminder, Bitcoin, the ETF, which was"}, {"start": "00:06:13", "end": "00:06:18", "text": "uh pretty wellreceived in 2024, this"}, {"start": "00:06:16", "end": "00:06:19", "text": "just another version of that. And again,"}, {"start": "00:06:18", "end": "00:06:21", "text": "I don't I don't think Blackbuck would"}, {"start": "00:06:19", "end": "00:06:23", "text": "put in the time, energy, and effort to"}, {"start": "00:06:21", "end": "00:06:24", "text": "do this if they didn't see there was"}, {"start": "00:06:23", "end": "00:06:26", "text": "upside potential. I still see it as"}, {"start": "00:06:24", "end": "00:06:29", "text": "upside potential, but then the question"}, {"start": "00:06:26", "end": "00:06:31", "text": "is, is are we actually bottomed out?"}, {"start": "00:06:29", "end": "00:06:34", "text": "Well,"}, {"start": "00:06:31", "end": "00:06:36", "text": "I don't think so, but anything around"}, {"start": "00:06:34", "end": "00:06:38", "text": "50k is a pretty darn good buy. This is"}, {"start": "00:06:36", "end": "00:06:40", "text": "from CoinDesk. It says, \"There's one"}, {"start": "00:06:38", "end": "00:06:42", "text": "simple way to tell whether Bitcoin has"}, {"start": "00:06:40", "end": "00:06:45", "text": "really bottomed. They say right now it"}, {"start": "00:06:42", "end": "00:06:48", "text": "hasn't. some analyst, I don't know, said"}, {"start": "00:06:45", "end": "00:06:50", "text": "this isn't uh the bottom and talks about"}, {"start": "00:06:48", "end": "00:06:54", "text": "the charts. The charts make sense. The"}, {"start": "00:06:50", "end": "00:06:57", "text": "14-week RSI, such and so forth. Nobody"}, {"start": "00:06:54", "end": "00:06:59", "text": "knows. But I will tell you, if we're not"}, {"start": "00:06:57", "end": "00:07:01", "text": "at the bottom, we're pretty darn close."}, {"start": "00:06:59", "end": "00:07:05", "text": "What they were talking about was this"}, {"start": "00:07:01", "end": "00:07:08", "text": "14week RSI. And we can just see that as"}, {"start": "00:07:05", "end": "00:07:13", "text": "times as it's dipped into this below 30"}, {"start": "00:07:08", "end": "00:07:16", "text": "area was on 16th December 2018 which"}, {"start": "00:07:13", "end": "00:07:20", "text": "coincidentally was the all-time low for"}, {"start": "00:07:16", "end": "00:07:23", "text": "that cycle. And then we come over here"}, {"start": "00:07:20", "end": "00:07:26", "text": "June 2022 July 2022 that wasn't the"}, {"start": "00:07:23", "end": "00:07:28", "text": "actual bottom"}, {"start": "00:07:26", "end": "00:07:32", "text": "and the Bitcoin price was 21,000. It"}, {"start": "00:07:28", "end": "00:07:34", "text": "actually was over here and it was above."}, {"start": "00:07:32", "end": "00:07:36", "text": "But what you might notice is that it"}, {"start": "00:07:34", "end": "00:07:39", "text": "dipped into the green, then it bottomed"}, {"start": "00:07:36", "end": "00:07:43", "text": "out over here. Interesting because over"}, {"start": "00:07:39", "end": "00:07:45", "text": "here we got the same thing. RSI again"}, {"start": "00:07:43", "end": "00:07:49", "text": "below the green into the below the 30 in"}, {"start": "00:07:45", "end": "00:07:52", "text": "the 26 and then had another run to 34."}, {"start": "00:07:49", "end": "00:07:53", "text": "Do I think it's the bottom? No. But"}, {"start": "00:07:52", "end": "00:07:56", "text": "there's a reason why I buy every single"}, {"start": "00:07:53", "end": "00:07:58", "text": "Monday. It could"}, {"start": "00:07:56", "end": "00:08:01", "text": "go down to 48K, which is essentially"}, {"start": "00:07:58", "end": "00:08:03", "text": "what they are saying here. But I'm not"}, {"start": "00:08:01", "end": "00:08:05", "text": "going to bet the bank on it. I just"}, {"start": "00:08:03", "end": "00:08:07", "text": "think this is a good time to accumulate."}, {"start": "00:08:05", "end": "00:08:10", "text": "Anyhow, let me think about that uh in"}, {"start": "00:08:07", "end": "00:08:13", "text": "the comments section. And then lastly,"}, {"start": "00:08:10", "end": "00:08:14", "text": "couple of things is as a reminder."}, {"start": "00:08:13", "end": "00:08:16", "text": "You're still doing pretty good over four"}, {"start": "00:08:14", "end": "00:08:18", "text": "years. This you can find as link in the"}, {"start": "00:08:16", "end": "00:08:20", "text": "description for Dan Teaches Crypto. The"}, {"start": "00:08:18", "end": "00:08:23", "text": "four as I take a look at how we're"}, {"start": "00:08:20", "end": "00:08:26", "text": "doing. You know, we're still 50% down"}, {"start": "00:08:23", "end": "00:08:29", "text": "from the all-time high, but a couple"}, {"start": "00:08:26", "end": "00:08:32", "text": "days ago, we were down 56%."}, {"start": "00:08:29", "end": "00:08:35", "text": "From four years ago, and now we're down,"}, {"start": "00:08:32", "end": "00:08:39", "text": "if we're going back four years exactly,"}, {"start": "00:08:35", "end": "00:08:41", "text": "we're down 58% from 2021 high. Still"}, {"start": "00:08:39", "end": "00:08:43", "text": "holding strong at 50%"}, {"start": "00:08:41", "end": "00:08:44", "text": "down. I know that didn't sound like a"}, {"start": "00:08:43", "end": "00:08:46", "text": "big thing, but I got to tell you, if you"}, {"start": "00:08:44", "end": "00:08:50", "text": "look at how you're doing over four"}, {"start": "00:08:46", "end": "00:08:53", "text": "years, not too bad. 2021, 2025,"}, {"start": "00:08:50", "end": "00:08:56", "text": "pretty good. 57 to 100,000 and now here"}, {"start": "00:08:53", "end": "00:08:58", "text": "we are at 28,000 or 63,000. These"}, {"start": "00:08:56", "end": "00:09:01", "text": "numbers look awful, but in my personal"}, {"start": "00:08:58", "end": "00:09:03", "text": "opinion, they're really not. I will tell"}, {"start": "00:09:01", "end": "00:09:05", "text": "you who sees some awful numbers. It's"}, {"start": "00:09:03", "end": "00:09:07", "text": "the people that get scammed. And this"}, {"start": "00:09:05", "end": "00:09:10", "text": "story, which is the last one before we"}, {"start": "00:09:07", "end": "00:09:10", "text": "get the Q&A,"}, {"start": "00:09:11", "end": "00:09:16", "text": "is part of the reason why I just don't"}, {"start": "00:09:12", "end": "00:09:18", "text": "like our sector."}, {"start": "00:09:16", "end": "00:09:21", "text": "Digital assets in crypto are plagued"}, {"start": "00:09:18", "end": "00:09:25", "text": "with a a problem. And that problem is"}, {"start": "00:09:21", "end": "00:09:27", "text": "scam artists and people hacking away,"}, {"start": "00:09:25", "end": "00:09:31", "text": "social engineering, and being able to"}, {"start": "00:09:27", "end": "00:09:34", "text": "steal funds from everybody out there."}, {"start": "00:09:31", "end": "00:09:37", "text": "And I got to tell you, sometimes, you"}, {"start": "00:09:34", "end": "00:09:41", "text": "know, people are right. Monero price"}, {"start": "00:09:37", "end": "00:09:43", "text": "rockets 33% to 438. And the reason why"}, {"start": "00:09:41", "end": "00:09:48", "text": "is because the people that stole funds"}, {"start": "00:09:43", "end": "00:09:51", "text": "know it is a privacy labeled crypto and"}, {"start": "00:09:48", "end": "00:09:55", "text": "they put it all or a big chunk into"}, {"start": "00:09:51", "end": "00:09:58", "text": "Monero so they could essentially spread"}, {"start": "00:09:55", "end": "00:10:01", "text": "it all out and get away with the crime."}, {"start": "00:09:58", "end": "00:10:02", "text": "But Tether came in. When I read this,"}, {"start": "00:10:01", "end": "00:10:05", "text": "I'd like to get everybody's opinion in"}, {"start": "00:10:02", "end": "00:10:07", "text": "the comments or in the Q&A because what"}, {"start": "00:10:05", "end": "00:10:11", "text": "Tether did"}, {"start": "00:10:07", "end": "00:10:13", "text": "is not the ethos of DeFi, but if you"}, {"start": "00:10:11", "end": "00:10:15", "text": "were involved,"}, {"start": "00:10:13", "end": "00:10:18", "text": "you would be cheering. Here's what we"}, {"start": "00:10:15", "end": "00:10:21", "text": "got. Someone routed $121 million in"}, {"start": "00:10:18", "end": "00:10:23", "text": "stable coins through a chain of swaps"}, {"start": "00:10:21", "end": "00:10:25", "text": "this week and then jumped into Monero"}, {"start": "00:10:23", "end": "00:10:28", "text": "like we just talked about. and address"}, {"start": "00:10:25", "end": "00:10:32", "text": "received 120 million USDT or Tether on"}, {"start": "00:10:28", "end": "00:10:33", "text": "the Tron network on Thursday. USDT is"}, {"start": "00:10:32", "end": "00:10:36", "text": "the largest stable coin, a crypto token"}, {"start": "00:10:33", "end": "00:10:39", "text": "built to hold a steady $1 value. And"}, {"start": "00:10:36", "end": "00:10:41", "text": "Tron is a blockchain often used to move"}, {"start": "00:10:39", "end": "00:10:44", "text": "it cheaply. Now, here's a little"}, {"start": "00:10:41", "end": "00:10:46", "text": "disclaimer. I own Tron. I've been"}, {"start": "00:10:44", "end": "00:10:48", "text": "bragging about it because it's done so"}, {"start": "00:10:46", "end": "00:10:50", "text": "well and I feel ashamed a little bit"}, {"start": "00:10:48", "end": "00:10:53", "text": "just a little because the reason why"}, {"start": "00:10:50", "end": "00:10:56", "text": "it's done so well because it's used for"}, {"start": "00:10:53", "end": "00:10:59", "text": "illicit activity. Not all the time, but"}, {"start": "00:10:56", "end": "00:11:00", "text": "unfortunately Tron is pretty damn cheap"}, {"start": "00:10:59", "end": "00:11:03", "text": "and it moves things around pretty"}, {"start": "00:11:00", "end": "00:11:06", "text": "quickly. So in these types of stories,"}, {"start": "00:11:03", "end": "00:11:10", "text": "just full disclosure, yeah, I own that."}, {"start": "00:11:06", "end": "00:11:11", "text": "So nothing I'm proud of. This uh entity"}, {"start": "00:11:10", "end": "00:11:13", "text": "began splitting the money up and sending"}, {"start": "00:11:11", "end": "00:11:15", "text": "it in a different direction. Some of it"}, {"start": "00:11:13", "end": "00:11:17", "text": "went to Monero, blah blah blah."}, {"start": "00:11:15", "end": "00:11:19", "text": "The buy orders were large enough to move"}, {"start": "00:11:17", "end": "00:11:22", "text": "the market. And Zack XPTt said these"}, {"start": "00:11:19", "end": "00:11:24", "text": "orders saw Monero surge as much as 30"}, {"start": "00:11:22", "end": "00:11:26", "text": "3%. Imagine that. You had so much elicit"}, {"start": "00:11:24", "end": "00:11:30", "text": "activity, you actually went up and beat"}, {"start": "00:11:26", "end": "00:11:30", "text": "the SpaceX IPO."}, {"start": "00:11:31", "end": "00:11:35", "text": "So"}, {"start": "00:11:33", "end": "00:11:36", "text": "outside of Monero, the rest was"}, {"start": "00:11:35", "end": "00:11:38", "text": "scattered. Zach traced more than 12"}, {"start": "00:11:36", "end": "00:11:42", "text": "million to deposit addresses at the"}, {"start": "00:11:38", "end": "00:11:44", "text": "Kcoin exchange. Kcoin and about 8"}, {"start": "00:11:42", "end": "00:11:46", "text": "million instance swap services which"}, {"start": "00:11:44", "end": "00:11:47", "text": "convert one coin another quickly and"}, {"start": "00:11:46", "end": "00:11:50", "text": "often without identity checks. The"}, {"start": "00:11:47", "end": "00:11:53", "text": "reason why I say KCoin is because KCoin"}, {"start": "00:11:50", "end": "00:11:56", "text": "is in my personal opinion don't sue me a"}, {"start": "00:11:53", "end": "00:11:59", "text": "horrible exchange that doesn't do AML"}, {"start": "00:11:56", "end": "00:12:01", "text": "and KYC and they allow this elicit"}, {"start": "00:11:59", "end": "00:12:03", "text": "listed activity to flow through it as if"}, {"start": "00:12:01", "end": "00:12:05", "text": "it's no big deal. I personally know"}, {"start": "00:12:03", "end": "00:12:08", "text": "people who have contacted these"}, {"start": "00:12:05", "end": "00:12:10", "text": "exchanges."}, {"start": "00:12:08", "end": "00:12:12", "text": "one rhymes with Moocoin."}, {"start": "00:12:10", "end": "00:12:14", "text": "And they told me to look, I just got"}, {"start": "00:12:12", "end": "00:12:16", "text": "hacked. Here is the legal authorities"}, {"start": "00:12:14", "end": "00:12:19", "text": "which say that I got hacked. I need you"}, {"start": "00:12:16", "end": "00:12:21", "text": "to freeze these wallets. They're like,"}, {"start": "00:12:19", "end": "00:12:24", "text": "\"Yeah, we'll do that. We're not doing"}, {"start": "00:12:21", "end": "00:12:25", "text": "squat.\" And it's the same thing. Out of"}, {"start": "00:12:24", "end": "00:12:28", "text": "the 120 million Monero buy orders, 12"}, {"start": "00:12:25", "end": "00:12:30", "text": "million to Kcoin, 8 million Shanches, 8"}, {"start": "00:12:28", "end": "00:12:36", "text": "million bridged off of Tron, and 72"}, {"start": "00:12:30", "end": "00:12:37", "text": "million was frozen by Tether. So, here's"}, {"start": "00:12:36", "end": "00:12:41", "text": "my question to everybody as we get in"}, {"start": "00:12:37", "end": "00:12:41", "text": "the Q&A."}, {"start": "00:12:41", "end": "00:12:44", "text": "Would you be okay with this if it was"}, {"start": "00:12:43", "end": "00:12:47", "text": "your life savings? No, no, no, not your"}, {"start": "00:12:44", "end": "00:12:49", "text": "life savings. How about this?"}, {"start": "00:12:47", "end": "00:12:52", "text": "Let's say it's your mom's life savings"}, {"start": "00:12:49", "end": "00:12:54", "text": "and she's got a lot of money and this is"}, {"start": "00:12:52", "end": "00:12:57", "text": "the only money that she has and she put"}, {"start": "00:12:54", "end": "00:12:59", "text": "in the situation and you didn't warn her"}, {"start": "00:12:57", "end": "00:13:00", "text": "about it and you didn't do your due"}, {"start": "00:12:59", "end": "00:13:01", "text": "diligence and you didn't help her out."}, {"start": "00:13:00", "end": "00:13:03", "text": "You didn't put it at Tang Wallet and you"}, {"start": "00:13:01", "end": "00:13:07", "text": "left it on some crappy exchange and now"}, {"start": "00:13:03", "end": "00:13:09", "text": "she's broke. Would you be okay with this"}, {"start": "00:13:07", "end": "00:13:10", "text": "with just what happened? Any that's it"}, {"start": "00:13:09", "end": "00:13:12", "text": "for today. Like today's video, give it a"}, {"start": "00:13:10", "end": "00:13:13", "text": "thumbs up. Consider subscribing. Every"}, {"start": "00:13:12", "end": "00:13:16", "text": "talk about is relatively timesensitive."}, {"start": "00:13:13", "end": "00:13:18", "text": "Now, let's see what you have to say in"}, {"start": "00:13:16", "end": "00:13:20", "text": "the comment section."}, {"start": "00:13:18", "end": "00:13:22", "text": "All right."}, {"start": "00:13:20", "end": "00:13:25", "text": "TGIF. Well, that's true. It's a nice"}, {"start": "00:13:22", "end": "00:13:28", "text": "day. Hot day here in I'm vacationing"}, {"start": "00:13:25", "end": "00:13:31", "text": "right now in El Paso, Texas. And it is a"}, {"start": "00:13:28", "end": "00:13:33", "text": "it is a nice chill 102 degrees. Very"}, {"start": "00:13:31", "end": "00:13:36", "text": "nice."}, {"start": "00:13:33", "end": "00:13:36", "text": "Uh"}, {"start": "00:13:37", "end": "00:13:41", "text": "Mullet says, \"Well, uh without these"}, {"start": "00:13:40", "end": "00:13:42", "text": "people, there would be no exit"}, {"start": "00:13:41", "end": "00:13:43", "text": "liquidity. We need all those"}, {"start": "00:13:42", "end": "00:13:46", "text": "scaredy-cats here.\" And that's very"}, {"start": "00:13:43", "end": "00:13:48", "text": "true, actually. There's a lot of a lot"}, {"start": "00:13:46", "end": "00:13:51", "text": "of uh exit liquidity going on. Although,"}, {"start": "00:13:48", "end": "00:13:54", "text": "I got to tell you that SpaceX IPO not"}, {"start": "00:13:51", "end": "00:13:57", "text": "too bad. 20% in a day. What is this"}, {"start": "00:13:54", "end": "00:14:01", "text": "memecoin? Crazy. Hello, Rinks. How you"}, {"start": "00:13:57", "end": "00:14:03", "text": "doing? Iman's here. Fantastic. Oh, hey."}, {"start": "00:14:01", "end": "00:14:07", "text": "I did snipe the open of SpaceX. Wow."}, {"start": "00:14:03", "end": "00:14:09", "text": "Just a gamble. But 5,158"}, {"start": "00:14:07", "end": "00:14:10", "text": "ordered to sell 168. Not a huge win."}, {"start": "00:14:09", "end": "00:14:13", "text": "That's a win, baby. That's a win."}, {"start": "00:14:10", "end": "00:14:15", "text": "Especially going the weekend. Take the"}, {"start": "00:14:13", "end": "00:14:18", "text": "wife someplace. Nice. Fantastic. I got"}, {"start": "00:14:15", "end": "00:14:20", "text": "filled at 150. Wow. Good for you."}, {"start": "00:14:18", "end": "00:14:22", "text": "Mullets, though, is a He's a degenerate"}, {"start": "00:14:20", "end": "00:14:26", "text": "gambler and a trader. So, these are the"}, {"start": "00:14:22", "end": "00:14:28", "text": "things that he does."}, {"start": "00:14:26", "end": "00:14:30", "text": "Kelby, I caught a nice bass. I saw it."}, {"start": "00:14:28", "end": "00:14:31", "text": "It was huge. Very nice. This is the"}, {"start": "00:14:30", "end": "00:14:35", "text": "things that we should be doing instead"}, {"start": "00:14:31", "end": "00:14:36", "text": "of glued to our monitors is going out"}, {"start": "00:14:35", "end": "00:14:38", "text": "and catching bass and fishing and being"}, {"start": "00:14:36", "end": "00:14:40", "text": "out and touching grass. That's the best"}, {"start": "00:14:38", "end": "00:14:43", "text": "thing. That's why tomorrow I don't know"}, {"start": "00:14:40", "end": "00:14:46", "text": "if I'm going to do a video."}, {"start": "00:14:43", "end": "00:14:49", "text": "My back's feeling good. Just got done"}, {"start": "00:14:46", "end": "00:14:52", "text": "with uh the best thing of all time uh"}, {"start": "00:14:49", "end": "00:14:55", "text": "ozone therapy and uh peptides,"}, {"start": "00:14:52", "end": "00:14:57", "text": "specifically BPC57, the Wolverine stack."}, {"start": "00:14:55", "end": "00:15:02", "text": "I got to tell you, if you haven't heard"}, {"start": "00:14:57", "end": "00:15:04", "text": "about peptides, you're about to. Uh,"}, {"start": "00:15:02", "end": "00:15:06", "text": "I can't say much except for the Biden"}, {"start": "00:15:04", "end": "00:15:09", "text": "administration really shut it down and"}, {"start": "00:15:06", "end": "00:15:10", "text": "then as of February 2026, this current"}, {"start": "00:15:09", "end": "00:15:13", "text": "administration really opened things up."}, {"start": "00:15:10", "end": "00:15:15", "text": "And I got to tell you,"}, {"start": "00:15:13", "end": "00:15:16", "text": "those things work and they work well. If"}, {"start": "00:15:15", "end": "00:15:20", "text": "you don't know what I'm talking about,"}, {"start": "00:15:16", "end": "00:15:22", "text": "just do a Google search or a claude or"}, {"start": "00:15:20", "end": "00:15:27", "text": "perplexity search of BPC. Almost like"}, {"start": "00:15:22", "end": "00:15:28", "text": "BTC, like Bitcoin, but with a P. BPC157."}, {"start": "00:15:27", "end": "00:15:30", "text": "If you got pain, you aren't going to"}, {"start": "00:15:28", "end": "00:15:33", "text": "have it too much longer."}, {"start": "00:15:30", "end": "00:15:36", "text": "Ah, yes. As a matter of fact, that's"}, {"start": "00:15:33", "end": "00:15:38", "text": "true. Fast Fat Sonic. Fat Sonic. Wasn't"}, {"start": "00:15:36", "end": "00:15:40", "text": "KCoin used for that a hack, too?"}, {"start": "00:15:38", "end": "00:15:41", "text": "Absolutely. KCoin's been used for a lot"}, {"start": "00:15:40", "end": "00:15:44", "text": "of hacks. And I got to tell you, I think"}, {"start": "00:15:41", "end": "00:15:46", "text": "that's where all their"}, {"start": "00:15:44", "end": "00:15:49", "text": "I don't want to get sued. So,"}, {"start": "00:15:46", "end": "00:15:54", "text": "um, yeah, they really should tighten up"}, {"start": "00:15:49", "end": "00:15:56", "text": "that KYC AML. That'd be really good."}, {"start": "00:15:54", "end": "00:15:58", "text": "Pepsi went for Trump. Well, Trump could"}, {"start": "00:15:56", "end": "00:16:01", "text": "use him. Let's be honest, he could drop"}, {"start": "00:15:58", "end": "00:16:04", "text": "a few pounds. Real Glutai would be good"}, {"start": "00:16:01", "end": "00:16:08", "text": "in his repertoire. Just saying."}, {"start": "00:16:04", "end": "00:16:10", "text": "Did you start DCing yet? What? Of"}, {"start": "00:16:08", "end": "00:16:15", "text": "altcoins or Bitcoin? Bitcoin. I haven't"}, {"start": "00:16:10", "end": "00:16:15", "text": "stopped. I've been doing that since"}, {"start": "00:16:16", "end": "00:16:23", "text": "I don't know January, February. So, the"}, {"start": "00:16:20", "end": "00:16:25", "text": "price was much higher, but uh right now"}, {"start": "00:16:23", "end": "00:16:29", "text": "I'm doesn't look too good for me, but"}, {"start": "00:16:25", "end": "00:16:31", "text": "I'll be okay in a in a year or so."}, {"start": "00:16:29", "end": "00:16:33", "text": "Now, I talk about this like every couple"}, {"start": "00:16:31", "end": "00:16:36", "text": "shows. I've been I'm in dollar cost"}, {"start": "00:16:33", "end": "00:16:38", "text": "average every single Monday."}, {"start": "00:16:36", "end": "00:16:39", "text": "Let's see. Peptides are awesome. They"}, {"start": "00:16:38", "end": "00:16:43", "text": "help me. BBC helps with gut"}, {"start": "00:16:39", "end": "00:16:44", "text": "inflammation. True. Along with KPV, GHK,"}, {"start": "00:16:43", "end": "00:16:46", "text": "those are the ones I'm not familiar"}, {"start": "00:16:44", "end": "00:16:49", "text": "with."}, {"start": "00:16:46", "end": "00:16:51", "text": "There's a lot of them out there."}, {"start": "00:16:49", "end": "00:16:54", "text": "Yes, Jimmy. Moocoin sounds about right."}, {"start": "00:16:51", "end": "00:16:56", "text": "They claim they've refined their AML and"}, {"start": "00:16:54", "end": "00:16:59", "text": "KYC. By refining, you mean like"}, {"start": "00:16:56", "end": "00:17:01", "text": "whittling it down? Kind of like a nice"}, {"start": "00:16:59", "end": "00:17:03", "text": "refining of crude oil. Yes, I can see"}, {"start": "00:17:01", "end": "00:17:06", "text": "that. But time and time again, they"}, {"start": "00:17:03", "end": "00:17:11", "text": "fell. I don't know who what Moo Coin is,"}, {"start": "00:17:06", "end": "00:17:14", "text": "but yes, maybe it's a memecoin."}, {"start": "00:17:11", "end": "00:17:16", "text": "Oh, wow. See, these are the things I"}, {"start": "00:17:14", "end": "00:17:18", "text": "don't cover. I'm glad Fat Sonic's here."}, {"start": "00:17:16", "end": "00:17:20", "text": "I had the same trade. Um, probably done"}, {"start": "00:17:18", "end": "00:17:22", "text": "with SpaceX. The order books on the pers"}, {"start": "00:17:20", "end": "00:17:25", "text": "are blowing my mind. I wanted a market"}, {"start": "00:17:22", "end": "00:17:27", "text": "close but had to wait for limits. Huh,"}, {"start": "00:17:25", "end": "00:17:30", "text": "interesting."}, {"start": "00:17:27", "end": "00:17:32", "text": "You know, I know that uh SpaceX is"}, {"start": "00:17:30", "end": "00:17:35", "text": "massively overvalued at one point"}, {"start": "00:17:32", "end": "00:17:38", "text": "whatever it is today, 8 trillion, but uh"}, {"start": "00:17:35", "end": "00:17:39", "text": "I will probably be buying that over"}, {"start": "00:17:38", "end": "00:17:42", "text": "time."}, {"start": "00:17:39", "end": "00:17:45", "text": "And um there is one thing I'd like to"}, {"start": "00:17:42", "end": "00:17:47", "text": "mention. I didn't say it in the when we"}, {"start": "00:17:45", "end": "00:17:50", "text": "were talking about it, which was it's"}, {"start": "00:17:47", "end": "00:17:52", "text": "not that"}, {"start": "00:17:50", "end": "00:17:55", "text": "Coinbase is that bad of a company. It's"}, {"start": "00:17:52", "end": "00:17:58", "text": "not. And their IPO wasn't like, you"}, {"start": "00:17:55", "end": "00:17:59", "text": "know, the greatest."}, {"start": "00:17:58", "end": "00:18:01", "text": "Alex is going to sky in the next couple"}, {"start": "00:17:59", "end": "00:18:03", "text": "years. I hope so. But this part here in"}, {"start": "00:18:01", "end": "00:18:06", "text": "Coinbase, did you see where they"}, {"start": "00:18:03", "end": "00:18:09", "text": "launched it? Coinbase launched in April"}, {"start": "00:18:06", "end": "00:18:13", "text": "of 2021,"}, {"start": "00:18:09", "end": "00:18:17", "text": "which not a bad time. Of course, as you"}, {"start": "00:18:13", "end": "00:18:18", "text": "remember, Bitcoin was like 63,000 at"}, {"start": "00:18:17", "end": "00:18:21", "text": "that point. And then May, June, July,"}, {"start": "00:18:18", "end": "00:18:23", "text": "August, September, October,"}, {"start": "00:18:21", "end": "00:18:26", "text": "it actually in the last next two months,"}, {"start": "00:18:23", "end": "00:18:28", "text": "it dropped over 50%."}, {"start": "00:18:26", "end": "00:18:32", "text": "So, it was actually pretty amazing that"}, {"start": "00:18:28", "end": "00:18:35", "text": "it did as well as it did 290, 280, but"}, {"start": "00:18:32", "end": "00:18:38", "text": "then the 160 was after one year. What"}, {"start": "00:18:35", "end": "00:18:41", "text": "happened in a year? It was 2020, April"}, {"start": "00:18:38", "end": "00:18:44", "text": "2022. That is the midterm year. And"}, {"start": "00:18:41", "end": "00:18:47", "text": "that's when everything crashed. S&P 500,"}, {"start": "00:18:44", "end": "00:18:49", "text": "NASDAQ, Luna collapsed, Voyager,"}, {"start": "00:18:47", "end": "00:18:50", "text": "Celsius, FTX was right on the docket"}, {"start": "00:18:49", "end": "00:18:53", "text": "coming up like three or four months"}, {"start": "00:18:50", "end": "00:18:56", "text": "after that. That was probably the worst"}, {"start": "00:18:53", "end": "00:18:59", "text": "time. And even so,"}, {"start": "00:18:56", "end": "00:19:02", "text": "at 160 within a year, it hasn't really"}, {"start": "00:18:59", "end": "00:19:05", "text": "done much. It's still at like 160 right"}, {"start": "00:19:02", "end": "00:19:06", "text": "now. So, as far as like the future and"}, {"start": "00:19:05", "end": "00:19:08", "text": "as much as they do and as much they're"}, {"start": "00:19:06", "end": "00:19:10", "text": "involved in the Clarity Act and as much"}, {"start": "00:19:08", "end": "00:19:12", "text": "as they're pushing that stock price is"}, {"start": "00:19:10", "end": "00:19:14", "text": "still staying the same."}, {"start": "00:19:12", "end": "00:19:18", "text": "Part of the reasons why I'd rather just"}, {"start": "00:19:14", "end": "00:19:18", "text": "buy Bitcoin. Okay,"}, {"start": "00:19:20", "end": "00:19:24", "text": "that does suck for the traders lone"}, {"start": "00:19:22", "end": "00:19:26", "text": "wolf. I mean, I tip my hat to you guys"}, {"start": "00:19:24", "end": "00:19:28", "text": "and gals. I don't know how you do it."}, {"start": "00:19:26", "end": "00:19:30", "text": "Clicking that button trying to mark it"}, {"start": "00:19:28", "end": "00:19:32", "text": "out. O"}, {"start": "00:19:30", "end": "00:19:33", "text": "imagine how you know people say you like"}, {"start": "00:19:32", "end": "00:19:34", "text": "it's difficult to get out of the market"}, {"start": "00:19:33", "end": "00:19:36", "text": "at some point because you're trying to"}, {"start": "00:19:34", "end": "00:19:38", "text": "sell off and you know you're trying to"}, {"start": "00:19:36", "end": "00:19:40", "text": "lock in those profits. Can you imagine"}, {"start": "00:19:38", "end": "00:19:42", "text": "on October 6th being a customer at"}, {"start": "00:19:40", "end": "00:19:45", "text": "Binance and trying to get out of those"}, {"start": "00:19:42", "end": "00:19:47", "text": "crappy trades of what went down? Can you"}, {"start": "00:19:45", "end": "00:19:50", "text": "imagine just getting liquidated left and"}, {"start": "00:19:47", "end": "00:19:50", "text": "right?"}, {"start": "00:19:51", "end": "00:19:58", "text": "Well, good news for you. CZ Binance is a"}, {"start": "00:19:54", "end": "00:19:58", "text": "multi multi-billionaire now. So,"}, {"start": "00:19:59", "end": "00:20:03", "text": "and that's it everybody. And this is a"}, {"start": "00:20:01", "end": "00:20:05", "text": "good one. Matteo says, \"If Bitcoin goes"}, {"start": "00:20:03", "end": "00:20:06", "text": "to 50K, I'll be considering loans.\" I'm"}, {"start": "00:20:05", "end": "00:20:11", "text": "not going to do loans, but I'm probably"}, {"start": "00:20:06", "end": "00:20:13", "text": "going to increase that uh DCA as the"}, {"start": "00:20:11", "end": "00:20:15", "text": "risk levels start to drop off the face"}, {"start": "00:20:13", "end": "00:20:17", "text": "of the planet. That's it for today. Like"}, {"start": "00:20:15", "end": "00:20:19", "text": "today's video, thumbs up, subscribe, all"}, {"start": "00:20:17", "end": "00:20:21", "text": "that great stuff. Tomorrow may be a"}, {"start": "00:20:19", "end": "00:20:22", "text": "difficult day. A lot going on, but we'll"}, {"start": "00:20:21", "end": "00:20:24", "text": "see if we can squeeze something in. But,"}, {"start": "00:20:22", "end": "00:20:25", "text": "uh, thanks so much for stopping by on a"}, {"start": "00:20:24", "end": "00:20:27", "text": "Friday. you know, get out of here and go"}, {"start": "00:20:25", "end": "00:20:30", "text": "enjoy the weekend. You deserve it. It's"}, {"start": "00:20:27", "end": "00:20:30", "text": "been a tough week."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Solana"}, {"start": "00:00:01", "end": "00:00:05", "text": "is going to help you buy SpaceX if you"}, {"start": "00:00:04", "end": "00:00:07", "text": "so choose to."}, {"start": "00:00:05", "end": "00:00:09", "text": "SpaceX stock is coming to Solana on the"}, {"start": "00:00:07", "end": "00:00:11", "text": "same day it lists on Nasdaq. I think"}, {"start": "00:00:09", "end": "00:00:14", "text": "this is the future. This is where things"}, {"start": "00:00:11", "end": "00:00:15", "text": "are going. If DeFi doesn't collapse on"}, {"start": "00:00:14", "end": "00:00:17", "text": "itself, and I'll get to that in a"}, {"start": "00:00:15", "end": "00:00:19", "text": "second. SpaceX shares will begin trading"}, {"start": "00:00:17", "end": "00:00:21", "text": "on Solana the same day the company lists"}, {"start": "00:00:19", "end": "00:00:23", "text": "on Nasdaq through a tokenized stock"}, {"start": "00:00:21", "end": "00:00:26", "text": "called SPCX"}, {"start": "00:00:23", "end": "00:00:28", "text": "issued by Backpack Securities. Backpack"}, {"start": "00:00:26", "end": "00:00:30", "text": "Securities, if you're not aware, came"}, {"start": "00:00:28", "end": "00:00:32", "text": "out a couple years ago. It's uh all"}, {"start": "00:00:30", "end": "00:00:34", "text": "about DeFi and modern finance and"}, {"start": "00:00:32", "end": "00:00:35", "text": "tokenization of real-world assets like"}, {"start": "00:00:34", "end": "00:00:36", "text": "equities and things like that. There's a"}, {"start": "00:00:35", "end": "00:00:39", "text": "link in the description, you can check"}, {"start": "00:00:36", "end": "00:00:41", "text": "them out. This is not a paid-for post. I"}, {"start": "00:00:39", "end": "00:00:42", "text": "just wanted to bring it to everybody's"}, {"start": "00:00:41", "end": "00:00:45", "text": "attention. This is what's uh is"}, {"start": "00:00:42", "end": "00:00:46", "text": "available to you if you so choose to."}, {"start": "00:00:45", "end": "00:00:48", "text": "However, in a second, I'm going to tell"}, {"start": "00:00:46", "end": "00:00:50", "text": "you why you got to be careful with this"}, {"start": "00:00:48", "end": "00:00:53", "text": "stuff. SPCX may be redeemed can be"}, {"start": "00:00:50", "end": "00:00:54", "text": "redeemed for underlying SpaceX shares"}, {"start": "00:00:53", "end": "00:00:57", "text": "and transferred between traditional"}, {"start": "00:00:54", "end": "00:00:59", "text": "brokerages and Solana, which is pretty"}, {"start": "00:00:57", "end": "00:01:00", "text": "cool. Token issued by Backpack"}, {"start": "00:00:59", "end": "00:01:04", "text": "represents ownership of underlying"}, {"start": "00:01:00", "end": "00:01:05", "text": "SpaceX shares and can be redeemed for"}, {"start": "00:01:04", "end": "00:01:08", "text": "those shares"}, {"start": "00:01:05", "end": "00:01:09", "text": "through Backpack's brokerage platforms."}, {"start": "00:01:08", "end": "00:01:12", "text": "Firm says eligible shares can also be"}, {"start": "00:01:09", "end": "00:01:13", "text": "converted back into tokens, creating a"}, {"start": "00:01:12", "end": "00:01:15", "text": "bridge between traditional brokerage"}, {"start": "00:01:13", "end": "00:01:17", "text": "accounts and blockchain-based markets."}, {"start": "00:01:15", "end": "00:01:21", "text": "And to wrap this all up, SPCX will trade"}, {"start": "00:01:17", "end": "00:01:21", "text": "on Solana around the clock."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "There was some pretty interesting"}, {"start": "00:00:01", "end": "00:00:07", "text": "information that was buried in SpaceX's"}, {"start": "00:00:04", "end": "00:00:09", "text": "S1 filing and it really comes down to"}, {"start": "00:00:07", "end": "00:00:10", "text": "Bitcoin, how much they're holding. Also,"}, {"start": "00:00:09", "end": "00:00:13", "text": "we're going to talk about Solana and"}, {"start": "00:00:10", "end": "00:00:14", "text": "Canton. So, let's just jump into it. So,"}, {"start": "00:00:13", "end": "00:00:16", "text": "this was actually posted by a friend of"}, {"start": "00:00:14", "end": "00:00:19", "text": "the show, Guy over at Coin Bureau and"}, {"start": "00:00:16", "end": "00:00:21", "text": "the group there doing great jobs. And"}, {"start": "00:00:19", "end": "00:00:22", "text": "this just came out from Bloomberg and"}, {"start": "00:00:21", "end": "00:00:24", "text": "they said, \"Hey, you know, based on what"}, {"start": "00:00:22", "end": "00:00:28", "text": "we're seeing here, this could be a some"}, {"start": "00:00:24", "end": "00:00:30", "text": "type of Bitcoin reserve that SpaceX is"}, {"start": "00:00:28", "end": "00:00:32", "text": "holding.\" Now, I have to tell you we're"}, {"start": "00:00:30", "end": "00:00:34", "text": "we're going to talk about SpaceX and the"}, {"start": "00:00:32", "end": "00:00:36", "text": "IPO just a little bit and yes, I will be"}, {"start": "00:00:34", "end": "00:00:38", "text": "buying a little bit, but there's things"}, {"start": "00:00:36", "end": "00:00:40", "text": "that we really need to be aware of as"}, {"start": "00:00:38", "end": "00:00:41", "text": "far as these IPOs and how risky they"}, {"start": "00:00:40", "end": "00:00:43", "text": "actually are. But before we get into"}, {"start": "00:00:41", "end": "00:00:45", "text": "that, just take a listen to what is said"}, {"start": "00:00:43", "end": "00:00:47", "text": "here. I got to tell you, it makes a lot"}, {"start": "00:00:45", "end": "00:00:49", "text": "of sense having a Bitcoin strategic"}, {"start": "00:00:47", "end": "00:00:51", "text": "reserve and maybe maybe the US"}, {"start": "00:00:49", "end": "00:00:54", "text": "government should take a little bit of"}, {"start": "00:00:51", "end": "00:00:56", "text": "pointers from Tesla, Elon Musk and"}, {"start": "00:00:54", "end": "00:00:58", "text": "SpaceX. Just take a listen to this."}, {"start": "00:00:56", "end": "00:01:00", "text": ">> For other people running SpaceX ahead of"}, {"start": "00:00:58", "end": "00:01:01", "text": "the world's biggest IPO, they might just"}, {"start": "00:01:00", "end": "00:01:03", "text": "see it as a hedge against inflation,"}, {"start": "00:01:01", "end": "00:01:06", "text": "long-term asset, but most likely this"}, {"start": "00:01:03", "end": "00:01:08", "text": "sort of strategic reserve for its excess"}, {"start": "00:01:06", "end": "00:01:10", "text": "cash."}, {"start": "00:01:08", "end": "00:01:11", "text": "Um bearing in mind that excess cash is"}, {"start": "00:01:10", "end": "00:01:15", "text": "probably doing a little bit too much"}, {"start": "00:01:11", "end": "00:01:15", "text": "legwork in the sentence I just said."}, {"start": "00:01:15", "end": "00:01:20", "text": ">> And he's right, you know, for this one,"}, {"start": "00:01:17", "end": "00:01:22", "text": "but again, about as far as a Bitcoin"}, {"start": "00:01:20", "end": "00:01:23", "text": "strategic reserve, it is quite"}, {"start": "00:01:22", "end": "00:01:26", "text": "interesting and it's actually laid out"}, {"start": "00:01:23", "end": "00:01:29", "text": "in the IPO filing from the SEC. And just"}, {"start": "00:01:26", "end": "00:01:30", "text": "as a reminder, SpaceX itself, well,"}, {"start": "00:01:29", "end": "00:01:33", "text": "essentially Tesla,"}, {"start": "00:01:30", "end": "00:01:35", "text": "firm holds 18,712"}, {"start": "00:01:33", "end": "00:01:36", "text": "Bitcoin and I have to tell you, as far"}, {"start": "00:01:35", "end": "00:01:39", "text": "as like investors, they did a heck of a"}, {"start": "00:01:36", "end": "00:01:42", "text": "better job than say Michael Saylor and"}, {"start": "00:01:39", "end": "00:01:44", "text": "some of us cuz they bought it for $661"}, {"start": "00:01:42", "end": "00:01:46", "text": "million and it's now worth over $1.1"}, {"start": "00:01:44", "end": "00:01:47", "text": "billion."}, {"start": "00:01:46", "end": "00:01:49", "text": "So, they're just looking at this like,"}, {"start": "00:01:47", "end": "00:01:52", "text": "\"Hey, this is a pretty good deal for us."}, {"start": "00:01:49", "end": "00:01:54", "text": "We have a little bit of excess liquidity"}, {"start": "00:01:52", "end": "00:01:56", "text": "and because of where Bitcoin could"}, {"start": "00:01:54", "end": "00:01:59", "text": "potentially go, I think they might hold"}, {"start": "00:01:56", "end": "00:01:59", "text": "onto it"}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Well, it's an interesting time to be in"}, {"start": "00:00:02", "end": "00:00:05", "text": "the markets. There was some pretty"}, {"start": "00:00:03", "end": "00:00:09", "text": "interesting information that was buried"}, {"start": "00:00:05", "end": "00:00:10", "text": "in SpaceX's uh S1 filing and it really"}, {"start": "00:00:09", "end": "00:00:12", "text": "comes down to Bitcoin, how much they're"}, {"start": "00:00:10", "end": "00:00:14", "text": "holding. Also, we're going to talk about"}, {"start": "00:00:12", "end": "00:00:17", "text": "Salana and Canton. So, let's just jump"}, {"start": "00:00:14", "end": "00:00:18", "text": "into it. So, this was actually posted by"}, {"start": "00:00:17", "end": "00:00:20", "text": "a friend of the show, Guy over at Coin"}, {"start": "00:00:18", "end": "00:00:22", "text": "Bureau and the group. They're doing"}, {"start": "00:00:20", "end": "00:00:24", "text": "great jobs. And uh this just come out"}, {"start": "00:00:22", "end": "00:00:25", "text": "from Bloomberg and they said, \"Hey, you"}, {"start": "00:00:24", "end": "00:00:28", "text": "know, based on what we're seeing here,"}, {"start": "00:00:25", "end": "00:00:31", "text": "this could be a some type of Bitcoin"}, {"start": "00:00:28", "end": "00:00:33", "text": "reserve that SpaceX is holding.\" Now, I"}, {"start": "00:00:31", "end": "00:00:36", "text": "have to tell you, we're we're going to"}, {"start": "00:00:33", "end": "00:00:37", "text": "talk about SpaceX and the IPO just a"}, {"start": "00:00:36", "end": "00:00:39", "text": "little bit. And yes, I will be buying a"}, {"start": "00:00:37", "end": "00:00:41", "text": "little bit, but there's things that we"}, {"start": "00:00:39", "end": "00:00:43", "text": "really need to be aware of as far as"}, {"start": "00:00:41", "end": "00:00:45", "text": "these IPOs and how risky they actually"}, {"start": "00:00:43", "end": "00:00:47", "text": "are. But before we get into that, just"}, {"start": "00:00:45", "end": "00:00:49", "text": "take a listen to what is said here. I"}, {"start": "00:00:47", "end": "00:00:50", "text": "got to tell you, it makes a lot of sense"}, {"start": "00:00:49", "end": "00:00:52", "text": "having a Bitcoin strategic reserve. And"}, {"start": "00:00:50", "end": "00:00:55", "text": "maybe maybe the US government should"}, {"start": "00:00:52", "end": "00:00:57", "text": "take a little bit of pointers from"}, {"start": "00:00:55", "end": "00:00:58", "text": "Tesla, Elon Musk, and SpaceX. Just take"}, {"start": "00:00:57", "end": "00:01:00", "text": "a listen to this."}, {"start": "00:00:58", "end": "00:01:02", "text": ">> There are other people running SpaceX"}, {"start": "00:01:00", "end": "00:01:03", "text": "ahead of the world's biggest IPO. They"}, {"start": "00:01:02", "end": "00:01:06", "text": "might just see it as a hedge against"}, {"start": "00:01:03", "end": "00:01:08", "text": "inflation, long-term asset, but most"}, {"start": "00:01:06", "end": "00:01:11", "text": "likely this sort of strategic reserve"}, {"start": "00:01:08", "end": "00:01:13", "text": "for its excess cash. um bearing in mind"}, {"start": "00:01:11", "end": "00:01:15", "text": "that excess cash is probably doing a"}, {"start": "00:01:13", "end": "00:01:18", "text": "little bit too much leg work in the"}, {"start": "00:01:15", "end": "00:01:20", "text": "sentence I just said"}, {"start": "00:01:18", "end": "00:01:23", "text": ">> and he's right you know for this one but"}, {"start": "00:01:20", "end": "00:01:24", "text": "uh again about as far as a Bitcoin"}, {"start": "00:01:23", "end": "00:01:26", "text": "stranging reserve it is quite"}, {"start": "00:01:24", "end": "00:01:28", "text": "interesting and it's actually laid out"}, {"start": "00:01:26", "end": "00:01:32", "text": "in the IPO filing from the SEC and just"}, {"start": "00:01:28", "end": "00:01:35", "text": "as a reminder SpaceX itself well it's"}, {"start": "00:01:32", "end": "00:01:38", "text": "essentially Tesla firm holds 18,712"}, {"start": "00:01:35", "end": "00:01:39", "text": "Bitcoin and I have to tell you as far as"}, {"start": "00:01:38", "end": "00:01:42", "text": "like investors they did a heck of a"}, {"start": "00:01:39", "end": "00:01:44", "text": "better job than say Michael Sailor and"}, {"start": "00:01:42", "end": "00:01:47", "text": "some of us because they bought it for"}, {"start": "00:01:44", "end": "00:01:50", "text": "661 million and it's now worth over $1.1"}, {"start": "00:01:47", "end": "00:01:52", "text": "billion. So they're just looking at this"}, {"start": "00:01:50", "end": "00:01:54", "text": "like hey this is a pretty good deal for"}, {"start": "00:01:52", "end": "00:01:57", "text": "us. We have a little bit of excess"}, {"start": "00:01:54", "end": "00:01:58", "text": "liquidity and because of where Bitcoin"}, {"start": "00:01:57", "end": "00:02:02", "text": "could potentially go. I think they might"}, {"start": "00:01:58", "end": "00:02:03", "text": "hold on to it. However, there are some"}, {"start": "00:02:02", "end": "00:02:06", "text": "individuals that say, \"Look, this is"}, {"start": "00:02:03", "end": "00:02:09", "text": "super risky because then they can sell"}, {"start": "00:02:06", "end": "00:02:10", "text": "it and dump it on us for liquidity"}, {"start": "00:02:09", "end": "00:02:13", "text": "similar to the way that this is"}, {"start": "00:02:10", "end": "00:02:16", "text": "hilarious. Michael Sailor and Strategy,"}, {"start": "00:02:13", "end": "00:02:19", "text": "they sold 32 Bitcoin and dumped on us.\""}, {"start": "00:02:16", "end": "00:02:21", "text": "Look, yes, of course, that could happen."}, {"start": "00:02:19", "end": "00:02:24", "text": "Yes, Michael Sailor, excuse me, Strategy"}, {"start": "00:02:21", "end": "00:02:26", "text": "sold 32 Bitcoin, but the next day they"}, {"start": "00:02:24", "end": "00:02:28", "text": "bought like a thousand more Bitcoin. So,"}, {"start": "00:02:26", "end": "00:02:30", "text": "or actually next week. So for me, I'm"}, {"start": "00:02:28", "end": "00:02:32", "text": "not too concerned about this. I see this"}, {"start": "00:02:30", "end": "00:02:34", "text": "as a net positive, especially as we"}, {"start": "00:02:32", "end": "00:02:37", "text": "start to move forward and everybody is"}, {"start": "00:02:34", "end": "00:02:39", "text": "talking about the SpaceX IPO, which they"}, {"start": "00:02:37", "end": "00:02:43", "text": "will also be talking about anthropic and"}, {"start": "00:02:39", "end": "00:02:45", "text": "open AI. But for this, for SpaceX, which"}, {"start": "00:02:43", "end": "00:02:48", "text": "I think will be start to go under the"}, {"start": "00:02:45", "end": "00:02:51", "text": "umbrella of Tesla within 18 months or"}, {"start": "00:02:48", "end": "00:02:54", "text": "so, just by them holding Bitcoin on"}, {"start": "00:02:51", "end": "00:02:56", "text": "their balance sheet is net positive for"}, {"start": "00:02:54", "end": "00:02:58", "text": "us. Anyhow, let me know what you think"}, {"start": "00:02:56", "end": "00:03:00", "text": "about that in the comment section. I see"}, {"start": "00:02:58", "end": "00:03:02", "text": "this as a very positive uh development."}, {"start": "00:03:00", "end": "00:03:04", "text": "But as far as the SpaceX IPO on this"}, {"start": "00:03:02", "end": "00:03:05", "text": "channel, I've said that, hey, I'm"}, {"start": "00:03:04", "end": "00:03:07", "text": "probably going to buy. Looks pretty"}, {"start": "00:03:05", "end": "00:03:10", "text": "interesting and uh maybe it could be a"}, {"start": "00:03:07", "end": "00:03:12", "text": "big thing. It is massively overvalued."}, {"start": "00:03:10", "end": "00:03:14", "text": "And there was a great video I was"}, {"start": "00:03:12", "end": "00:03:16", "text": "watching. Actually, I was listening to"}, {"start": "00:03:14", "end": "00:03:19", "text": "today as I was walking the dog and going"}, {"start": "00:03:16", "end": "00:03:21", "text": "through different things because I am"}, {"start": "00:03:19", "end": "00:03:24", "text": "retired and it's fantastic to live this"}, {"start": "00:03:21", "end": "00:03:26", "text": "life. But uh it was from Brandon Dell"}, {"start": "00:03:24", "end": "00:03:28", "text": "and uh he put out this great video just"}, {"start": "00:03:26", "end": "00:03:31", "text": "a couple days ago. Talks about the three"}, {"start": "00:03:28", "end": "00:03:33", "text": "biggest IPOs in history are collapsing."}, {"start": "00:03:31", "end": "00:03:35", "text": "Nobel economist says to run and he's he"}, {"start": "00:03:33", "end": "00:03:37", "text": "makes some really good points about"}, {"start": "00:03:35", "end": "00:03:39", "text": "these three individuals. And he"}, {"start": "00:03:37", "end": "00:03:42", "text": "references"}, {"start": "00:03:39", "end": "00:03:45", "text": "a Nobel economist, but also he"}, {"start": "00:03:42", "end": "00:03:47", "text": "referenced another great IPO disaster"}, {"start": "00:03:45", "end": "00:03:50", "text": "which was we work and how it all came"}, {"start": "00:03:47", "end": "00:03:52", "text": "about and the language that was used in"}, {"start": "00:03:50", "end": "00:03:54", "text": "the S1 filing and how he has actually"}, {"start": "00:03:52", "end": "00:03:56", "text": "been a part of hundreds of millions of"}, {"start": "00:03:54", "end": "00:03:59", "text": "dollars of these IPOs himself helping"}, {"start": "00:03:56", "end": "00:04:00", "text": "companies go public. It was a fantastic"}, {"start": "00:03:59", "end": "00:04:02", "text": "video and I got to tell you like there"}, {"start": "00:04:00", "end": "00:04:04", "text": "is so much hype around it. I thought"}, {"start": "00:04:02", "end": "00:04:06", "text": "it'd be good to bring to everybody a"}, {"start": "00:04:04", "end": "00:04:08", "text": "little bit of balance because if we"}, {"start": "00:04:06", "end": "00:04:10", "text": "don't bring balance to the conversation,"}, {"start": "00:04:08", "end": "00:04:13", "text": "then I think that is a recipe for"}, {"start": "00:04:10", "end": "00:04:14", "text": "disaster. So, I linked this in in the in"}, {"start": "00:04:13", "end": "00:04:18", "text": "the description. You can check out this"}, {"start": "00:04:14", "end": "00:04:20", "text": "video and just give you um a secondary"}, {"start": "00:04:18", "end": "00:04:21", "text": "look at what is people is telling us"}, {"start": "00:04:20", "end": "00:04:25", "text": "like this is the greatest thing of all"}, {"start": "00:04:21", "end": "00:04:27", "text": "time. Well, buyer beware. So, having"}, {"start": "00:04:25", "end": "00:04:30", "text": "gotten that out of the way, a little bit"}, {"start": "00:04:27", "end": "00:04:32", "text": "of uh a little bit of disclaimer."}, {"start": "00:04:30", "end": "00:04:34", "text": "Sana"}, {"start": "00:04:32", "end": "00:04:37", "text": "is going to help you buy SpaceX if you"}, {"start": "00:04:34", "end": "00:04:39", "text": "so choose to. SpaceX stock is coming to"}, {"start": "00:04:37", "end": "00:04:41", "text": "Salana on the same day it lists on"}, {"start": "00:04:39", "end": "00:04:43", "text": "NASDAQ. I think this is the future. This"}, {"start": "00:04:41", "end": "00:04:45", "text": "is where things are going if DeFi"}, {"start": "00:04:43", "end": "00:04:47", "text": "doesn't collapse on itself. And I'll get"}, {"start": "00:04:45", "end": "00:04:49", "text": "to that in a second. SpaceX shares will"}, {"start": "00:04:47", "end": "00:04:50", "text": "begin trading on Sulana the same day the"}, {"start": "00:04:49", "end": "00:04:54", "text": "company lists on NASDAQ through a"}, {"start": "00:04:50", "end": "00:04:57", "text": "tokenized stock called SPCX"}, {"start": "00:04:54", "end": "00:04:58", "text": "issued by Backpack Securities. Backpack"}, {"start": "00:04:57", "end": "00:05:00", "text": "securities, if you're not aware, came"}, {"start": "00:04:58", "end": "00:05:02", "text": "out a couple years ago. It's uh all"}, {"start": "00:05:00", "end": "00:05:04", "text": "about DeFi and modern finance and"}, {"start": "00:05:02", "end": "00:05:06", "text": "tokenization of real world assets like"}, {"start": "00:05:04", "end": "00:05:07", "text": "equities and things like that. There's a"}, {"start": "00:05:06", "end": "00:05:10", "text": "link in the description. You can check"}, {"start": "00:05:07", "end": "00:05:11", "text": "them out. This is not a paid for post. I"}, {"start": "00:05:10", "end": "00:05:13", "text": "just wanted to bring it to everybody's"}, {"start": "00:05:11", "end": "00:05:15", "text": "attention. This is what's uh is"}, {"start": "00:05:13", "end": "00:05:17", "text": "available to you if you so choose to."}, {"start": "00:05:15", "end": "00:05:18", "text": "However, in a second, I'm going to tell"}, {"start": "00:05:17", "end": "00:05:21", "text": "you why you got to be careful with this"}, {"start": "00:05:18", "end": "00:05:23", "text": "stuff. SBCX can be redeemed can be"}, {"start": "00:05:21", "end": "00:05:25", "text": "redeemed for underlying SpaceX shares"}, {"start": "00:05:23", "end": "00:05:27", "text": "and transferred between traditional"}, {"start": "00:05:25", "end": "00:05:29", "text": "brokerages and Solana which is pretty"}, {"start": "00:05:27", "end": "00:05:30", "text": "cool. Token issued by Backpack"}, {"start": "00:05:29", "end": "00:05:34", "text": "represents ownership of underlying"}, {"start": "00:05:30", "end": "00:05:37", "text": "SpaceX shares and can be redeemed for"}, {"start": "00:05:34", "end": "00:05:39", "text": "those shares through Backpack's"}, {"start": "00:05:37", "end": "00:05:41", "text": "brokerage platforms. Firm says eligible"}, {"start": "00:05:39", "end": "00:05:43", "text": "shares can also be converted back into"}, {"start": "00:05:41", "end": "00:05:44", "text": "tokens, creating a bridge between"}, {"start": "00:05:43", "end": "00:05:46", "text": "traditional brokerage accounts and"}, {"start": "00:05:44", "end": "00:05:48", "text": "blockchain based markets. And to wrap"}, {"start": "00:05:46", "end": "00:05:50", "text": "this all up, SBCX will trade on Salana"}, {"start": "00:05:48", "end": "00:05:52", "text": "around the clock. And this is a big"}, {"start": "00:05:50", "end": "00:05:55", "text": "thing. This is where everything is"}, {"start": "00:05:52", "end": "00:05:57", "text": "going. If you can tokenize these assets,"}, {"start": "00:05:55", "end": "00:05:59", "text": "great. And you can move things 24/7,"}, {"start": "00:05:57", "end": "00:06:01", "text": "365. And that is essentially what Wall"}, {"start": "00:05:59", "end": "00:06:03", "text": "Street wants to do. Now, they are making"}, {"start": "00:06:01", "end": "00:06:04", "text": "provisions of that and trying to to"}, {"start": "00:06:03", "end": "00:06:06", "text": "bring it out. But I think they're going"}, {"start": "00:06:04", "end": "00:06:08", "text": "to need this. And I think this is uh of"}, {"start": "00:06:06", "end": "00:06:09", "text": "course different strokes for different"}, {"start": "00:06:08", "end": "00:06:11", "text": "folks. If you want to do that, so much"}, {"start": "00:06:09", "end": "00:06:15", "text": "the better. And I think a lot of people"}, {"start": "00:06:11", "end": "00:06:19", "text": "do. And lastly, the token can be held in"}, {"start": "00:06:15", "end": "00:06:22", "text": "selfcustody wallets and traded across"}, {"start": "00:06:19", "end": "00:06:24", "text": "supported Solana based venues. So there"}, {"start": "00:06:22", "end": "00:06:25", "text": "you go. If you're looking for a way to"}, {"start": "00:06:24", "end": "00:06:27", "text": "get into this and you don't want to deal"}, {"start": "00:06:25", "end": "00:06:29", "text": "with like Robin Hood or Fidelity or"}, {"start": "00:06:27", "end": "00:06:33", "text": "things like that, this is an option for"}, {"start": "00:06:29", "end": "00:06:36", "text": "you. However, I will just"}, {"start": "00:06:33", "end": "00:06:38", "text": "caution you that it seems like every"}, {"start": "00:06:36", "end": "00:06:42", "text": "single DeFi play has some kind of hack."}, {"start": "00:06:38", "end": "00:06:45", "text": "This was uh yesterday again. Coin Bureau"}, {"start": "00:06:42", "end": "00:06:46", "text": "Dex Radium exploited for $1.3 million."}, {"start": "00:06:45", "end": "00:06:49", "text": "And people are saying, \"Well, who cares"}, {"start": "00:06:46", "end": "00:06:50", "text": "about 1.3 million?\" If you add up all"}, {"start": "00:06:49", "end": "00:06:53", "text": "the different exploits and out of all"}, {"start": "00:06:50", "end": "00:06:55", "text": "the different DeFi, it is a lot. Now, as"}, {"start": "00:06:53", "end": "00:06:57", "text": "far as like the total percentage, okay,"}, {"start": "00:06:55", "end": "00:06:59", "text": "it's not as much as like some people may"}, {"start": "00:06:57", "end": "00:07:01", "text": "may think, but it is substantial,"}, {"start": "00:06:59", "end": "00:07:03", "text": "especially if it's your funds."}, {"start": "00:07:01", "end": "00:07:06", "text": "The attacker manipulated a fake token"}, {"start": "00:07:03", "end": "00:07:08", "text": "supply to drain five legacy, that's the"}, {"start": "00:07:06", "end": "00:07:11", "text": "key word, pools, stealing approximately"}, {"start": "00:07:08", "end": "00:07:13", "text": "150, 177 ray. So again, if you want to"}, {"start": "00:07:11", "end": "00:07:16", "text": "delve in that in that uh that ces pool,"}, {"start": "00:07:13", "end": "00:07:17", "text": "you can. Neo made a good point. Key"}, {"start": "00:07:16", "end": "00:07:20", "text": "details. The exploit targeted five"}, {"start": "00:07:17", "end": "00:07:23", "text": "legacy V3 pools that were deprecated and"}, {"start": "00:07:20", "end": "00:07:25", "text": "phased out since 2021. These old pools"}, {"start": "00:07:23", "end": "00:07:28", "text": "have been inaccessible via RAM's current"}, {"start": "00:07:25", "end": "00:07:30", "text": "UI SDK and DAP for years. So no active"}, {"start": "00:07:28", "end": "00:07:36", "text": "users could interact with them. Again,"}, {"start": "00:07:30", "end": "00:07:38", "text": "if you just do defy hack or or scam or"}, {"start": "00:07:36", "end": "00:07:41", "text": "what what was the wording here? exploit"}, {"start": "00:07:38", "end": "00:07:42", "text": "uh you will find nothing but a plethora"}, {"start": "00:07:41", "end": "00:07:44", "text": "of different articles which talk about"}, {"start": "00:07:42", "end": "00:07:46", "text": "how these things can fail you and fail"}, {"start": "00:07:44", "end": "00:07:48", "text": "you at the wrong moment. So again buyer"}, {"start": "00:07:46", "end": "00:07:49", "text": "beware these are the option that you"}, {"start": "00:07:48", "end": "00:07:50", "text": "have. I've linked everything in the"}, {"start": "00:07:49", "end": "00:07:54", "text": "description. It's up to you for it to"}, {"start": "00:07:50", "end": "00:07:56", "text": "decide. So we've got Sana doing real"}, {"start": "00:07:54", "end": "00:08:00", "text": "world assets tokenization and then also"}, {"start": "00:07:56", "end": "00:08:02", "text": "one of my favorite topics can well"}, {"start": "00:08:00", "end": "00:08:05", "text": "actually rwas. Canton Network just"}, {"start": "00:08:02", "end": "00:08:06", "text": "raised 355 million to bring Wall Street"}, {"start": "00:08:05", "end": "00:08:09", "text": "on chain, which is what they're doing"}, {"start": "00:08:06", "end": "00:08:11", "text": "with SpaceX. If this goes off without a"}, {"start": "00:08:09", "end": "00:08:12", "text": "hitch, this could be a big day for"}, {"start": "00:08:11", "end": "00:08:15", "text": "blockchain. Your digital asset"}, {"start": "00:08:12", "end": "00:08:18", "text": "co-founder CEO Uvel Ruse, I think I said"}, {"start": "00:08:15", "end": "00:08:20", "text": "it right. And uh interesting enough,"}, {"start": "00:08:18", "end": "00:08:23", "text": "Canton Network"}, {"start": "00:08:20", "end": "00:08:25", "text": "or the developer of Canton Network is a"}, {"start": "00:08:23", "end": "00:08:29", "text": "company called Digital Asset. Hey,"}, {"start": "00:08:25", "end": "00:08:32", "text": "Digital Asset. Uh DMs are open if you"}, {"start": "00:08:29", "end": "00:08:33", "text": "want to do a little space there. Uh, I"}, {"start": "00:08:32", "end": "00:08:35", "text": "can definitely fit you in because"}, {"start": "00:08:33", "end": "00:08:38", "text": "digital asset news, digital asset, what"}, {"start": "00:08:35", "end": "00:08:40", "text": "a match made in heaven. Anyhow, that's"}, {"start": "00:08:38", "end": "00:08:42", "text": "for them. Digital asset developer of the"}, {"start": "00:08:40", "end": "00:08:45", "text": "Canton network said it raised 355"}, {"start": "00:08:42", "end": "00:08:46", "text": "million in a funding round led by A16Z"}, {"start": "00:08:45", "end": "00:08:48", "text": "crypto. If you know who those are, those"}, {"start": "00:08:46", "end": "00:08:50", "text": "are very big hitters in the traditional"}, {"start": "00:08:48", "end": "00:08:52", "text": "finance space. Global institutions"}, {"start": "00:08:50", "end": "00:08:54", "text": "including ABN AMRO, you don't know who"}, {"start": "00:08:52", "end": "00:08:57", "text": "they are. Apollo Funds, BNP Perez, there"}, {"start": "00:08:54", "end": "00:09:01", "text": "you go. Citadel Securities, massive"}, {"start": "00:08:57", "end": "00:09:03", "text": "HSBC, SBI Group, which if you are a big"}, {"start": "00:09:01", "end": "00:09:06", "text": "Ripple fan, you know who they are. And"}, {"start": "00:09:03", "end": "00:09:09", "text": "the Abu Dhabi Investment Authority also"}, {"start": "00:09:06", "end": "00:09:11", "text": "joined the round to invest into Canton"}, {"start": "00:09:09", "end": "00:09:14", "text": "Network. Why is that such a big deal?"}, {"start": "00:09:11", "end": "00:09:18", "text": "Because again, real world assets and"}, {"start": "00:09:14", "end": "00:09:21", "text": "it's not just equities that can be"}, {"start": "00:09:18", "end": "00:09:23", "text": "tokenized. You've got non- US government"}, {"start": "00:09:21", "end": "00:09:25", "text": "debt. You got active strategies, stocks,"}, {"start": "00:09:23", "end": "00:09:28", "text": "specialty finance, asset back credit,"}, {"start": "00:09:25", "end": "00:09:30", "text": "commodities, and US treasury debt. And"}, {"start": "00:09:28", "end": "00:09:33", "text": "the big player, the big winner right now"}, {"start": "00:09:30", "end": "00:09:35", "text": "as far as total value, 335 billion is"}, {"start": "00:09:33", "end": "00:09:37", "text": "tied up with Canton."}, {"start": "00:09:35", "end": "00:09:39", "text": "It's pretty good. Maybe it's something"}, {"start": "00:09:37", "end": "00:09:42", "text": "to take a look at. And then number two"}, {"start": "00:09:39", "end": "00:09:44", "text": "is Providence. Why, which I always see."}, {"start": "00:09:42", "end": "00:09:47", "text": "I never really looked it up until today."}, {"start": "00:09:44", "end": "00:09:51", "text": "Providence is a actually it is"}, {"start": "00:09:47", "end": "00:09:53", "text": "blockchain permissionless as well hash"}, {"start": "00:09:51", "end": "00:09:55", "text": "and it's ranked number 93 now it has"}, {"start": "00:09:53", "end": "00:09:58", "text": "it's very new it hasn't done much it"}, {"start": "00:09:55", "end": "00:10:01", "text": "just came out on May 28 2025 at at 2"}, {"start": "00:09:58", "end": "00:10:03", "text": "cents now it's at 1 cents let me do some"}, {"start": "00:10:01", "end": "00:10:06", "text": "quick math here one that's like 50%"}, {"start": "00:10:03", "end": "00:10:08", "text": "reduction so something like that"}, {"start": "00:10:06", "end": "00:10:11", "text": "providence blockchain could be very big"}, {"start": "00:10:08", "end": "00:10:14", "text": "but as you see here as far as managers"}, {"start": "00:10:11", "end": "00:10:16", "text": "two very interesting Ethereum XRP ledger"}, {"start": "00:10:14", "end": "00:10:18", "text": "BNB, ZK sync, layer 2 solution, Stellar,"}, {"start": "00:10:16", "end": "00:10:20", "text": "Solana, Avalanche, and Liquid Network."}, {"start": "00:10:18", "end": "00:10:22", "text": "Round them all out. And as far as real"}, {"start": "00:10:20", "end": "00:10:23", "text": "world assets, that's pretty big. If you"}, {"start": "00:10:22", "end": "00:10:24", "text": "want to find out more about that,"}, {"start": "00:10:23", "end": "00:10:26", "text": "there'll also be a link in the"}, {"start": "00:10:24", "end": "00:10:28", "text": "description for providence.io."}, {"start": "00:10:26", "end": "00:10:30", "text": "And to finish this up before we get into"}, {"start": "00:10:28", "end": "00:10:33", "text": "a little Q&A"}, {"start": "00:10:30", "end": "00:10:37", "text": "for your cycles, Bob Lucas, one of my"}, {"start": "00:10:33", "end": "00:10:39", "text": "favorites, uh, that he puts out very"}, {"start": "00:10:37", "end": "00:10:41", "text": "low-key type of videos and just talks"}, {"start": "00:10:39", "end": "00:10:42", "text": "about what's happening as far as like"}, {"start": "00:10:41", "end": "00:10:45", "text": "with the four-year cycle. And I love it."}, {"start": "00:10:42", "end": "00:10:46", "text": "really good stuff. And he's just a"}, {"start": "00:10:45", "end": "00:10:49", "text": "level-headed guy, and I can appreciate"}, {"start": "00:10:46", "end": "00:10:51", "text": "that. He just put out a video about five"}, {"start": "00:10:49", "end": "00:10:56", "text": "or six days ago called the four, look at"}, {"start": "00:10:51", "end": "00:10:58", "text": "this. The four-year cycle is dead. I'm"}, {"start": "00:10:56", "end": "00:11:00", "text": "like, \"Oh, that's crazy.\" Because, you"}, {"start": "00:10:58", "end": "00:11:02", "text": "know, I thought Bob was a big believer"}, {"start": "00:11:00", "end": "00:11:04", "text": "like myself. But of course, he wrote"}, {"start": "00:11:02", "end": "00:11:06", "text": "that in those goofy letters because he's"}, {"start": "00:11:04", "end": "00:11:08", "text": "like, \"No, it's not dead genius. It's"}, {"start": "00:11:06", "end": "00:11:11", "text": "alive and well.\" That's pretty much what"}, {"start": "00:11:08", "end": "00:11:13", "text": "it is. And when he talks about this, I"}, {"start": "00:11:11", "end": "00:11:16", "text": "link Bob's video in the description. I"}, {"start": "00:11:13", "end": "00:11:18", "text": "guar I will uh uh tell everybody that if"}, {"start": "00:11:16", "end": "00:11:21", "text": "you have time, definitely take a take a"}, {"start": "00:11:18", "end": "00:11:22", "text": "watch uh for this great video. It's"}, {"start": "00:11:21", "end": "00:11:24", "text": "really good. But he talks about how he's"}, {"start": "00:11:22", "end": "00:11:26", "text": "like, \"Look, the 50k levels is is where"}, {"start": "00:11:24", "end": "00:11:28", "text": "I'm going to be buying and buying a"}, {"start": "00:11:26", "end": "00:11:30", "text": "lot.\" And he goes, \"I just pretty much"}, {"start": "00:11:28", "end": "00:11:32", "text": "see it as this is recurring just like it"}, {"start": "00:11:30", "end": "00:11:35", "text": "did before.\" And I thought to myself,"}, {"start": "00:11:32", "end": "00:11:37", "text": "I'm like, 50K is a pretty good spot"}, {"start": "00:11:35", "end": "00:11:38", "text": "right now. I think we're at 62 somewhere"}, {"start": "00:11:37", "end": "00:11:40", "text": "around there. correct me in the comments"}, {"start": "00:11:38", "end": "00:11:42", "text": "section, but as we take a look at it,"}, {"start": "00:11:40", "end": "00:11:46", "text": "alltime high, all-time low, nice little"}, {"start": "00:11:42", "end": "00:11:49", "text": "graph that we put up here, um,"}, {"start": "00:11:46", "end": "00:11:52", "text": "we're looking at a 70% decline. And that"}, {"start": "00:11:49", "end": "00:11:56", "text": "is looking at from 2013 and 2015, 86%,"}, {"start": "00:11:52", "end": "00:11:59", "text": "2017, 2018, 85%. And look at the days,"}, {"start": "00:11:56", "end": "00:12:02", "text": "365, then 366 for November 2021,"}, {"start": "00:11:59", "end": "00:12:04", "text": "November 2022, it went down 77%. So, we"}, {"start": "00:12:02", "end": "00:12:06", "text": "just kind of spit it and said, \"All"}, {"start": "00:12:04", "end": "00:12:08", "text": "right, maybe 70%.\" Somewhere around"}, {"start": "00:12:06", "end": "00:12:11", "text": "there. Maybe somewhere around there. If"}, {"start": "00:12:08", "end": "00:12:12", "text": "it's 60 to 70% from the all-time high,"}, {"start": "00:12:11", "end": "00:12:14", "text": "you're looking at somewhere between"}, {"start": "00:12:12", "end": "00:12:16", "text": "37,800"}, {"start": "00:12:14", "end": "00:12:20", "text": "to 50,000."}, {"start": "00:12:16", "end": "00:12:24", "text": "Just saying that's what it is. And"}, {"start": "00:12:20", "end": "00:12:25", "text": "thanks to Claude AI, got to love it."}, {"start": "00:12:24", "end": "00:12:27", "text": "Helped me create this nice little"}, {"start": "00:12:25", "end": "00:12:30", "text": "four-year provision. And you're going to"}, {"start": "00:12:27", "end": "00:12:32", "text": "see that as of today, did you know the"}, {"start": "00:12:30", "end": "00:12:34", "text": "current price? Well, this is what it has"}, {"start": "00:12:32", "end": "00:12:36", "text": "right here. This was as of an hour ago."}, {"start": "00:12:34", "end": "00:12:40", "text": "62,676."}, {"start": "00:12:36", "end": "00:12:42", "text": "That means we are 50% exactly from the"}, {"start": "00:12:40", "end": "00:12:44", "text": "2025 all-time high. Depending on which"}, {"start": "00:12:42", "end": "00:12:47", "text": "exchange you look at, we've got it at"}, {"start": "00:12:44", "end": "00:12:50", "text": "125 uh,8.95."}, {"start": "00:12:47", "end": "00:12:52", "text": "Going back four years ago on June 11th,"}, {"start": "00:12:50", "end": "00:12:55", "text": "2022,"}, {"start": "00:12:52", "end": "00:12:57", "text": "you're down 57%."}, {"start": "00:12:55", "end": "00:13:02", "text": "At this point, four years ago, June 11,"}, {"start": "00:12:57", "end": "00:13:06", "text": "2022, June 11, 2026, you're down 57%."}, {"start": "00:13:02", "end": "00:13:09", "text": "And you would go down another 20%"}, {"start": "00:13:06", "end": "00:13:13", "text": "to hit that 77% mark. So, if we're at"}, {"start": "00:13:09", "end": "00:13:15", "text": "down to 50%. And we went down to another"}, {"start": "00:13:13", "end": "00:13:17", "text": "20%, if that actually happened, or maybe"}, {"start": "00:13:15", "end": "00:13:20", "text": "not, maybe 15, you're looking at"}, {"start": "00:13:17", "end": "00:13:21", "text": "somewhere in the 50s. So, when Bob was"}, {"start": "00:13:20", "end": "00:13:24", "text": "talking about this, I'm like, that makes"}, {"start": "00:13:21", "end": "00:13:25", "text": "a lot of sense around 50K. and we take a"}, {"start": "00:13:24", "end": "00:13:28", "text": "look at moving averages right now. We"}, {"start": "00:13:25", "end": "00:13:31", "text": "can see that right now we are kissing"}, {"start": "00:13:28", "end": "00:13:34", "text": "the 200E simple moving average pretty"}, {"start": "00:13:31", "end": "00:13:35", "text": "much. But"}, {"start": "00:13:34", "end": "00:13:38", "text": "if everything plays out like it did"}, {"start": "00:13:35", "end": "00:13:41", "text": "before"}, {"start": "00:13:38", "end": "00:13:45", "text": "and we go to the 250 week which happened"}, {"start": "00:13:41", "end": "00:13:49", "text": "in 2022 or the 300 week which also"}, {"start": "00:13:45", "end": "00:13:53", "text": "happened in 2022. Those levels"}, {"start": "00:13:49", "end": "00:13:56", "text": "over here are anywhere between 62,000"}, {"start": "00:13:53", "end": "00:13:58", "text": "which is today to 54,000 which is the"}, {"start": "00:13:56", "end": "00:14:00", "text": "300we simple moving average. So I got to"}, {"start": "00:13:58", "end": "00:14:03", "text": "agree with Bob. I think anything around"}, {"start": "00:14:00", "end": "00:14:05", "text": "50k is a heck of a deal. And again, just"}, {"start": "00:14:03", "end": "00:14:08", "text": "to take a look at those four-year time"}, {"start": "00:14:05", "end": "00:14:11", "text": "frames, wouldn't you have liked to have"}, {"start": "00:14:08", "end": "00:14:13", "text": "bought Bitcoin on June 11th at 29,000,"}, {"start": "00:14:11", "end": "00:14:15", "text": "maybe dollar cost average all the way"}, {"start": "00:14:13", "end": "00:14:18", "text": "down to 17 and then watch it go all the"}, {"start": "00:14:15", "end": "00:14:20", "text": "way back up to 125K. I can't give you"}, {"start": "00:14:18", "end": "00:14:22", "text": "financial advice, but things sure are"}, {"start": "00:14:20", "end": "00:14:23", "text": "working out the same way. Anyhow, that's"}, {"start": "00:14:22", "end": "00:14:25", "text": "it for today. Like today's video, give"}, {"start": "00:14:23", "end": "00:14:27", "text": "it a thumbs up, consider subscribing. We"}, {"start": "00:14:25", "end": "00:14:31", "text": "talk about is timesensitive. Now, let's"}, {"start": "00:14:27", "end": "00:14:32", "text": "get into a little Q&A and uh I'll answer"}, {"start": "00:14:31", "end": "00:14:34", "text": "all your questions."}, {"start": "00:14:32", "end": "00:14:35", "text": "Let's see."}, {"start": "00:14:34", "end": "00:14:37", "text": "Rosie says, \"Rob, I didn't see you"}, {"start": "00:14:35", "end": "00:14:39", "text": "courtside at the Knicks game last"}, {"start": "00:14:37", "end": "00:14:41", "text": "night.\" Uh, that's because I was at a"}, {"start": "00:14:39", "end": "00:14:45", "text": "place called the Ale House uh drinking"}, {"start": "00:14:41", "end": "00:14:49", "text": "and watching the uh unfortunately the"}, {"start": "00:14:45", "end": "00:14:51", "text": "Spurs just kiss away a roughly 30point"}, {"start": "00:14:49", "end": "00:14:52", "text": "lead. I don't know how that happens. I"}, {"start": "00:14:51", "end": "00:14:55", "text": "think it is, and correct me in the"}, {"start": "00:14:52", "end": "00:14:58", "text": "comments, I think that is a history of"}, {"start": "00:14:55", "end": "00:15:00", "text": "in the NBA finals of absolutely blowing"}, {"start": "00:14:58", "end": "00:15:02", "text": "it."}, {"start": "00:15:00", "end": "00:15:04", "text": "I don't know."}, {"start": "00:15:02", "end": "00:15:08", "text": "Ah, almost seems like a crypto trader,"}, {"start": "00:15:04", "end": "00:15:10", "text": "right? You get up uh what a 5x, 10x, 20x"}, {"start": "00:15:08", "end": "00:15:12", "text": "and you round trip it all the way back."}, {"start": "00:15:10", "end": "00:15:14", "text": "That's essentially the spurs last night."}, {"start": "00:15:12", "end": "00:15:17", "text": "Sorry."}, {"start": "00:15:14", "end": "00:15:23", "text": "Yes. Historic. Hello, Alex. Good to see"}, {"start": "00:15:17", "end": "00:15:25", "text": "you. That's in dump time. Sure enough."}, {"start": "00:15:23", "end": "00:15:27", "text": "Yeah, squeeze shorts. They can dump it"}, {"start": "00:15:25", "end": "00:15:28", "text": "on SBCX. And as a reminder, like people"}, {"start": "00:15:27", "end": "00:15:31", "text": "say, well, about all the insiders, all"}, {"start": "00:15:28", "end": "00:15:34", "text": "the insiders. It's true for like the"}, {"start": "00:15:31", "end": "00:15:36", "text": "SpaceX IPO just like we get we get"}, {"start": "00:15:34", "end": "00:15:39", "text": "insiders in ICOs,"}, {"start": "00:15:36", "end": "00:15:41", "text": "initial coin offerings."}, {"start": "00:15:39", "end": "00:15:45", "text": "The difference is is that with this"}, {"start": "00:15:41", "end": "00:15:47", "text": "SpaceX IPO, you've got like a sixmonth"}, {"start": "00:15:45", "end": "00:15:50", "text": "runway before the insiders who bought"}, {"start": "00:15:47", "end": "00:15:52", "text": "very early are able to dump on you if"}, {"start": "00:15:50", "end": "00:15:54", "text": "they do dump. But also there's another"}, {"start": "00:15:52", "end": "00:15:57", "text": "provision I believe, correct me, but if"}, {"start": "00:15:54", "end": "00:16:00", "text": "it goes up by 30% of the initial price"}, {"start": "00:15:57", "end": "00:16:03", "text": "offering, which is going to be $135, if"}, {"start": "00:16:00", "end": "00:16:05", "text": "it goes up 30% or above, then the"}, {"start": "00:16:03", "end": "00:16:08", "text": "insiders or the ones that got in early,"}, {"start": "00:16:05", "end": "00:16:10", "text": "can actually start to sell on you. It is"}, {"start": "00:16:08", "end": "00:16:13", "text": "what it is. But yeah, watch that video."}, {"start": "00:16:10", "end": "00:16:15", "text": "It lays it out pretty well. Uh this was"}, {"start": "00:16:13", "end": "00:16:19", "text": "uh Brendan"}, {"start": "00:16:15", "end": "00:16:19", "text": "Brendan Dell."}, {"start": "00:16:19", "end": "00:16:26", "text": "Let's see. looks like"}, {"start": "00:16:23", "end": "00:16:27", "text": "that. Yeah, it was a good video and it"}, {"start": "00:16:26", "end": "00:16:29", "text": "really made you think especially about"}, {"start": "00:16:27", "end": "00:16:31", "text": "wei work and just what a what a"}, {"start": "00:16:29", "end": "00:16:34", "text": "catastrophe that actually was and how"}, {"start": "00:16:31", "end": "00:16:37", "text": "much people lost and it also took a look"}, {"start": "00:16:34", "end": "00:16:39", "text": "at the uh CEOs or the purple that people"}, {"start": "00:16:37", "end": "00:16:41", "text": "that brought that forward for the SEC"}, {"start": "00:16:39", "end": "00:16:44", "text": "filing and just how they dumped on"}, {"start": "00:16:41", "end": "00:16:46", "text": "everybody and cashed out. It was good."}, {"start": "00:16:44", "end": "00:16:50", "text": "Makes you think. All right, what else we"}, {"start": "00:16:46", "end": "00:16:50", "text": "got? What's up?"}, {"start": "00:16:51", "end": "00:16:55", "text": "Jimmy says, \"I turn on the game for one"}, {"start": "00:16:54", "end": "00:16:58", "text": "minute in the second quarter and said,"}, {"start": "00:16:55", "end": "00:17:00", "text": "\"This one's over.\" Yeah. In the uh"}, {"start": "00:16:58", "end": "00:17:01", "text": "second quarter, you're like, \"Oh, look"}, {"start": "00:17:00", "end": "00:17:04", "text": "at that. They're just going to crush"}, {"start": "00:17:01", "end": "00:17:07", "text": "them.\" No. Knicks looking strong heading"}, {"start": "00:17:04", "end": "00:17:10", "text": "back to San Antonio. Yeah, it's true."}, {"start": "00:17:07", "end": "00:17:13", "text": "So, they might be uh having celebrations"}, {"start": "00:17:10", "end": "00:17:14", "text": "in San Antonio for the Knicks. I'm just"}, {"start": "00:17:13", "end": "00:17:17", "text": "kidding. No one's going to celebrate"}, {"start": "00:17:14", "end": "00:17:20", "text": "that. And I think that's it, everybody."}, {"start": "00:17:17", "end": "00:17:22", "text": "No more questions. Fantastic."}, {"start": "00:17:20", "end": "00:17:25", "text": "Well, that's it for today. Uh NFL Live"}, {"start": "00:17:22", "end": "00:17:27", "text": "is put on hold for next week. There was"}, {"start": "00:17:25", "end": "00:17:29", "text": "a a family runaround, so we couldn't uh"}, {"start": "00:17:27", "end": "00:17:31", "text": "go today over on Ben's channel, but"}, {"start": "00:17:29", "end": "00:17:33", "text": "we'll get you guys next week. But that's"}, {"start": "00:17:31", "end": "00:17:34", "text": "it for today. Like today's video, thumbs"}, {"start": "00:17:33", "end": "00:17:35", "text": "up, subscribe, that great stuff. And"}, {"start": "00:17:34", "end": "00:17:39", "text": "then good luck out there if you're going"}, {"start": "00:17:35", "end": "00:17:41", "text": "to buy that SpaceX IPO."}, {"start": "00:17:39", "end": "00:17:43", "text": "Certainly volatile. Anyhow, thanks so"}, {"start": "00:17:41", "end": "00:17:46", "text": "much everybody. See you in the next one."}, {"start": "00:17:43", "end": "00:17:46", "text": "Adios."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Today, let's break down the FOMC"}, {"start": "00:00:02", "end": "00:00:06", "text": "countdown because this week could be"}, {"start": "00:00:04", "end": "00:00:08", "text": "huge for the markets. And of course, it"}, {"start": "00:00:06", "end": "00:00:09", "text": "all centers around one thing, that's"}, {"start": "00:00:08", "end": "00:00:11", "text": "Iran. We'll break it down for you guys."}, {"start": "00:00:09", "end": "00:00:13", "text": "Before we get started, I want to thank"}, {"start": "00:00:11", "end": "00:00:14", "text": "our sponsor and that is iTrust Capital"}, {"start": "00:00:13", "end": "00:00:17", "text": "where you guys can get into your own"}, {"start": "00:00:14", "end": "00:00:20", "text": "crypto IRA. Very easy to set up over"}, {"start": "00:00:17", "end": "00:00:22", "text": "there. You can buy and sell crypto all"}, {"start": "00:00:20", "end": "00:00:24", "text": "within your IRA. You can also get into"}, {"start": "00:00:22", "end": "00:00:28", "text": "gold, silver, uh, as well. Transferring"}, {"start": "00:00:24", "end": "00:00:30", "text": "an IRA, easy to do as well. Do it now."}, {"start": "00:00:28", "end": "00:00:31", "text": "Get it going. Open a crypto IRA. using"}, {"start": "00:00:30", "end": "00:00:33", "text": "our link. It's going to give you a $100"}, {"start": "00:00:31", "end": "00:00:35", "text": "funding reward just to get started."}, {"start": "00:00:33", "end": "00:00:39", "text": "Let's go into it today. There's a lot"}, {"start": "00:00:35", "end": "00:00:41", "text": "happening. Of course, it is now FOMC"}, {"start": "00:00:39", "end": "00:00:42", "text": "week and uh you've got Kevin Walsh at"}, {"start": "00:00:41", "end": "00:00:45", "text": "the helm. Now, this is going to be"}, {"start": "00:00:42", "end": "00:00:48", "text": "different because as uh Muhammad was"}, {"start": "00:00:45", "end": "00:00:50", "text": "talking about this earlier, he said"}, {"start": "00:00:48", "end": "00:00:51", "text": "being in that meeting is going to be"}, {"start": "00:00:50", "end": "00:00:54", "text": "interesting because you've got a past"}, {"start": "00:00:51", "end": "00:00:58", "text": "chair. You've got what could be"}, {"start": "00:00:54", "end": "00:01:00", "text": "dissenting uh governors and you have a"}, {"start": "00:00:58", "end": "00:01:04", "text": "new guy coming in that many people would"}, {"start": "00:01:00", "end": "00:01:06", "text": "say is the mouthpiece for Trump. So, the"}, {"start": "00:01:04", "end": "00:01:08", "text": "real question is is how does he play the"}, {"start": "00:01:06", "end": "00:01:11", "text": "market? If you just look at where some"}, {"start": "00:01:08", "end": "00:01:14", "text": "people think this will go, consider this"}, {"start": "00:01:11", "end": "00:01:16", "text": "of how and what the market has done post"}, {"start": "00:01:14", "end": "00:01:19", "text": "these Fed chairs. So when Jerome Pal"}, {"start": "00:01:16", "end": "00:01:22", "text": "became the new Fed chair in 2018, the"}, {"start": "00:01:19", "end": "00:01:24", "text": "spy crashed five or almost four, uh"}, {"start": "00:01:22", "end": "00:01:28", "text": "Kevin Worsh the new Fed chair on May"}, {"start": "00:01:24", "end": "00:01:31", "text": "15th now. And uh the real question is um"}, {"start": "00:01:28", "end": "00:01:33", "text": "does history repeat itself? Do we see an"}, {"start": "00:01:31", "end": "00:01:36", "text": "average max draw down under the new Fed"}, {"start": "00:01:33", "end": "00:01:37", "text": "chair? I don't know. I'm interested"}, {"start": "00:01:36", "end": "00:01:40", "text": "because there are so many factors"}, {"start": "00:01:37", "end": "00:01:42", "text": "playing into not only this week but just"}, {"start": "00:01:40", "end": "00:01:44", "text": "in general of how the market is"}, {"start": "00:01:42", "end": "00:01:47", "text": "responding to the Iranian deal, what's"}, {"start": "00:01:44", "end": "00:01:49", "text": "happening with the S&P 500, obviously"}, {"start": "00:01:47", "end": "00:01:53", "text": "with SpaceX IPO, what's going on in the"}, {"start": "00:01:49", "end": "00:01:56", "text": "risk markets, and you have of course"}, {"start": "00:01:53", "end": "00:01:58", "text": "inflation and fuel prices all centered"}, {"start": "00:01:56", "end": "00:02:00", "text": "around this. So data is going to be a"}, {"start": "00:01:58", "end": "00:02:03", "text": "big big factor uh going into his"}, {"start": "00:02:00", "end": "00:02:05", "text": "decision. uh markets bet the Fed will"}, {"start": "00:02:03", "end": "00:02:08", "text": "hike and of course this is looking at"}, {"start": "00:02:05", "end": "00:02:11", "text": "over time. When you consider this though"}, {"start": "00:02:08", "end": "00:02:13", "text": "on the near term right now it is pretty"}, {"start": "00:02:11", "end": "00:02:15", "text": "much a flat line and whether or not"}, {"start": "00:02:13", "end": "00:02:18", "text": "we're going to even get any hikes right"}, {"start": "00:02:15", "end": "00:02:21", "text": "now. Uh currently zero basis points is"}, {"start": "00:02:18", "end": "00:02:22", "text": "the winner on poly market does not look"}, {"start": "00:02:21", "end": "00:02:25", "text": "like we're going to see that. And if you"}, {"start": "00:02:22", "end": "00:02:27", "text": "look at the rate hike pro probability"}, {"start": "00:02:25", "end": "00:02:29", "text": "right now going all the way into"}, {"start": "00:02:27", "end": "00:02:33", "text": "December that is also falling now down"}, {"start": "00:02:29", "end": "00:02:35", "text": "below 40% holding at 36 right now down"}, {"start": "00:02:33", "end": "00:02:39", "text": "from a considerable high too. That was"}, {"start": "00:02:35", "end": "00:02:41", "text": "at 61% on June 7th. So just uh what 10"}, {"start": "00:02:39", "end": "00:02:44", "text": "days ago we were at that kind of uh"}, {"start": "00:02:41", "end": "00:02:46", "text": "scenario. This is all of course starting"}, {"start": "00:02:44", "end": "00:02:48", "text": "to lay into the market. Bitcoin trading"}, {"start": "00:02:46", "end": "00:02:51", "text": "at around 6067."}, {"start": "00:02:48", "end": "00:02:55", "text": "Uh we've got SpaceX absolutely just"}, {"start": "00:02:51", "end": "00:02:58", "text": "going berserk like a rocket literally on"}, {"start": "00:02:55", "end": "00:03:01", "text": "the charts and you've got this coming in"}, {"start": "00:02:58", "end": "00:03:03", "text": "which is going to be the FOMC meeting."}, {"start": "00:03:01", "end": "00:03:05", "text": "And remember since September we've had"}, {"start": "00:03:03", "end": "00:03:08", "text": "six FOMC decisions after every single"}, {"start": "00:03:05", "end": "00:03:11", "text": "one of them Bitcoin dumped 10% within"}, {"start": "00:03:08", "end": "00:03:13", "text": "days. Doesn't mean it held it there but"}, {"start": "00:03:11", "end": "00:03:15", "text": "those are the usually what we have seen"}, {"start": "00:03:13", "end": "00:03:17", "text": "in terms of reaction in the market."}, {"start": "00:03:15", "end": "00:03:19", "text": "Bitcoin moves, you know what happens to"}, {"start": "00:03:17", "end": "00:03:21", "text": "all coins. I want to go to a clip real"}, {"start": "00:03:19", "end": "00:03:23", "text": "quick. Uh, and this will get into what"}, {"start": "00:03:21", "end": "00:03:27", "text": "to watch for. This is Andre Jek breaking"}, {"start": "00:03:23", "end": "00:03:30", "text": "it down. First, pay attention to Kevin"}, {"start": "00:03:27", "end": "00:03:33", "text": "Worsh's language around inflation. If he"}, {"start": "00:03:30", "end": "00:03:36", "text": "says the word transitory or anything"}, {"start": "00:03:33", "end": "00:03:39", "text": "like it, that means he's suggesting that"}, {"start": "00:03:36", "end": "00:03:42", "text": "inflation from the Iran war is temporary"}, {"start": "00:03:39", "end": "00:03:44", "text": "and it'll go away on its own. And that"}, {"start": "00:03:42", "end": "00:03:46", "text": "would be what's called a dovish signal,"}, {"start": "00:03:44", "end": "00:03:49", "text": "right? the markets will like that and"}, {"start": "00:03:46", "end": "00:03:51", "text": "they'll most likely go up. If he sounds"}, {"start": "00:03:49", "end": "00:03:54", "text": "concerned about inflation being"}, {"start": "00:03:51", "end": "00:03:56", "text": "persistent, then that's hawkish. Markets"}, {"start": "00:03:54", "end": "00:03:58", "text": "will not like that. They will most"}, {"start": "00:03:56", "end": "00:04:02", "text": "likely go down. Second thing to look out"}, {"start": "00:03:58", "end": "00:04:05", "text": "for is watch whether he mentions the"}, {"start": "00:04:02", "end": "00:04:08", "text": "bond market specifically. If he says"}, {"start": "00:04:05", "end": "00:04:10", "text": "stress in the Treasury market or hints"}, {"start": "00:04:08", "end": "00:04:13", "text": "that the Fed has tools to support the"}, {"start": "00:04:10", "end": "00:04:17", "text": "bond market, that's him signaling to us"}, {"start": "00:04:13", "end": "00:04:19", "text": "that the money printer is warming up. A"}, {"start": "00:04:17", "end": "00:04:22", "text": "QE will happen if it needs to happen. If"}, {"start": "00:04:19", "end": "00:04:24", "text": "he says that or some version of that,"}, {"start": "00:04:22", "end": "00:04:26", "text": "then gold and Bitcoin will go up almost"}, {"start": "00:04:24", "end": "00:04:28", "text": "right away."}, {"start": "00:04:26", "end": "00:04:29", "text": ">> So when you listen to Andre there, and"}, {"start": "00:04:28", "end": "00:04:32", "text": "he is right. I mean, what what he's"}, {"start": "00:04:29", "end": "00:04:34", "text": "dealing with here is kind of a rock and"}, {"start": "00:04:32", "end": "00:04:36", "text": "a hard place. And to this point right"}, {"start": "00:04:34", "end": "00:04:39", "text": "here, global bond yields are crashing."}, {"start": "00:04:36", "end": "00:04:42", "text": "You've got the US 10-year dropping 468"}, {"start": "00:04:39", "end": "00:04:44", "text": "to 442. This is the last 30 days. That's"}, {"start": "00:04:42", "end": "00:04:47", "text": "that is a large drop for a bond move."}, {"start": "00:04:44", "end": "00:04:50", "text": "And then the 20-year also falling from 5"}, {"start": "00:04:47", "end": "00:04:52", "text": "uh.2 down to 4.9. So Japan is even"}, {"start": "00:04:50", "end": "00:04:56", "text": "moving harder. So remember the Japanese"}, {"start": "00:04:52", "end": "00:04:58", "text": "10-year is yield is down 8.9%"}, {"start": "00:04:56", "end": "00:05:02", "text": "in 27 days. The 20-year has dropped"}, {"start": "00:04:58", "end": "00:05:04", "text": "9.5%. So these are all very significant"}, {"start": "00:05:02", "end": "00:05:07", "text": "because he is right when bond yields"}, {"start": "00:05:04", "end": "00:05:09", "text": "fall it means bond prices are rising"}, {"start": "00:05:07", "end": "00:05:11", "text": "which is money is flowing into bonds"}, {"start": "00:05:09", "end": "00:05:13", "text": "across both US and the Japanese market"}, {"start": "00:05:11", "end": "00:05:16", "text": "at the same time if you look at lower"}, {"start": "00:05:13", "end": "00:05:18", "text": "long-term yields it's going to reduce"}, {"start": "00:05:16", "end": "00:05:21", "text": "borrowing costs for governments and the"}, {"start": "00:05:18", "end": "00:05:25", "text": "real question is where is interest rates"}, {"start": "00:05:21", "end": "00:05:28", "text": "going to fall in this next clip"}, {"start": "00:05:25", "end": "00:05:29", "text": "J looks at Wars's master plan because"}, {"start": "00:05:28", "end": "00:05:31", "text": "there's a lot playing into this right"}, {"start": "00:05:29", "end": "00:05:34", "text": "Yeah. And back to his point, if it's"}, {"start": "00:05:31", "end": "00:05:36", "text": "transitory, yes, part-time, no worry"}, {"start": "00:05:34", "end": "00:05:37", "text": "about inflation. If it's something they"}, {"start": "00:05:36", "end": "00:05:39", "text": "think is going to be sticking around"}, {"start": "00:05:37", "end": "00:05:42", "text": "longer, that is more damage to the"}, {"start": "00:05:39", "end": "00:05:44", "text": "market for sure, especially because what"}, {"start": "00:05:42", "end": "00:05:46", "text": "we have seen in the S&P 500, which is no"}, {"start": "00:05:44", "end": "00:05:50", "text": "slowdown in terms of overall market"}, {"start": "00:05:46", "end": "00:05:52", "text": "value. Take a look at Andre's next clip."}, {"start": "00:05:50", "end": "00:05:54", "text": ">> Specifically, the plan is to remove the"}, {"start": "00:05:52", "end": "00:05:56", "text": "capital requirements that limit how many"}, {"start": "00:05:54", "end": "00:05:59", "text": "Treasury bonds banks are allowed to"}, {"start": "00:05:56", "end": "00:06:02", "text": "hold. Now when COVID hit in 2020 for"}, {"start": "00:05:59", "end": "00:06:05", "text": "example the Fed temporarily exempted"}, {"start": "00:06:02", "end": "00:06:08", "text": "treasuries from the SLR calculation for"}, {"start": "00:06:05", "end": "00:06:10", "text": "about a year and then exactly what L"}, {"start": "00:06:08", "end": "00:06:12", "text": "Groman predicted happened. Banks"}, {"start": "00:06:10", "end": "00:06:14", "text": "instantly piled their money into"}, {"start": "00:06:12", "end": "00:06:17", "text": "treasuries and the bond market started"}, {"start": "00:06:14", "end": "00:06:20", "text": "to function very smoothly. But then when"}, {"start": "00:06:17", "end": "00:06:23", "text": "the exemption ended and expired in March"}, {"start": "00:06:20", "end": "00:06:25", "text": "2021, banks had to lower their treasury"}, {"start": "00:06:23", "end": "00:06:26", "text": "holdings and the bond markets did not"}, {"start": "00:06:25", "end": "00:06:29", "text": "like that."}, {"start": "00:06:26", "end": "00:06:31", "text": "So Kevin Walsh's plan is essentially to"}, {"start": "00:06:29", "end": "00:06:32", "text": "make that CO exemption permanent. And"}, {"start": "00:06:31", "end": "00:06:36", "text": "that's cuz there's really only two paths"}, {"start": "00:06:32", "end": "00:06:39", "text": "forward. Path one, he signals that"}, {"start": "00:06:36", "end": "00:06:42", "text": "looser policy is coming. Maybe he says"}, {"start": "00:06:39", "end": "00:06:44", "text": "the Fed will step in to support the bond"}, {"start": "00:06:42", "end": "00:06:47", "text": "market if things get worse. If he says"}, {"start": "00:06:44", "end": "00:06:49", "text": "that, the markets will read that as"}, {"start": "00:06:47", "end": "00:06:51", "text": "liquidity incoming, aka money printer"}, {"start": "00:06:49", "end": "00:06:54", "text": "will be turned on. And historically,"}, {"start": "00:06:51", "end": "00:06:56", "text": "when that happens, gold goes up, stocks"}, {"start": "00:06:54", "end": "00:07:01", "text": "go up, right? Bitcoin goes up, risk"}, {"start": "00:06:56", "end": "00:07:04", "text": "assets in general all go up, but only if"}, {"start": "00:07:01", "end": "00:07:07", "text": "the Iran situation resolves soon because"}, {"start": "00:07:04", "end": "00:07:10", "text": "without that, all we have is higher and"}, {"start": "00:07:07", "end": "00:07:11", "text": "higher gas prices, aka higher inflation,"}, {"start": "00:07:10", "end": "00:07:13", "text": "and that makes it really hard for him to"}, {"start": "00:07:11", "end": "00:07:16", "text": "say he's going to lower rates."}, {"start": "00:07:13", "end": "00:07:19", "text": ">> Yeah. And I think to his point is that"}, {"start": "00:07:16", "end": "00:07:21", "text": "Walsh is walking a very razor thin line"}, {"start": "00:07:19", "end": "00:07:24", "text": "here mainly because the data that"}, {"start": "00:07:21", "end": "00:07:26", "text": "typically the Fed is dealing with"}, {"start": "00:07:24", "end": "00:07:29", "text": "usually comes in prior too. Remember"}, {"start": "00:07:26", "end": "00:07:32", "text": "FOMC is happening tomorrow on Wednesday"}, {"start": "00:07:29", "end": "00:07:35", "text": "but yet on Friday we look like we're"}, {"start": "00:07:32", "end": "00:07:37", "text": "getting an Iranian deal and you have a"}, {"start": "00:07:35", "end": "00:07:39", "text": "lot of people in the mix right now. And"}, {"start": "00:07:37", "end": "00:07:41", "text": "the reason this is important, does Trump"}, {"start": "00:07:39", "end": "00:07:43", "text": "feed Worsh a little bit of data about"}, {"start": "00:07:41", "end": "00:07:44", "text": "what this Iranian deal is going to look"}, {"start": "00:07:43", "end": "00:07:47", "text": "like that would give him a little bit of"}, {"start": "00:07:44", "end": "00:07:48", "text": "a precursor to making a decision here at"}, {"start": "00:07:47", "end": "00:07:53", "text": "this meeting that's happening literally"}, {"start": "00:07:48", "end": "00:07:55", "text": "today? Or does he have to pause and hold"}, {"start": "00:07:53", "end": "00:07:58", "text": "that line until there's a little bit"}, {"start": "00:07:55", "end": "00:08:01", "text": "more public um positioning here from the"}, {"start": "00:07:58", "end": "00:08:03", "text": "White House? And of course, as uh he"}, {"start": "00:08:01", "end": "00:08:06", "text": "said, as Andre said, it does depend on"}, {"start": "00:08:03", "end": "00:08:08", "text": "Iran. This is probably the biggest deal"}, {"start": "00:08:06", "end": "00:08:10", "text": "I think maybe in the history of the"}, {"start": "00:08:08", "end": "00:08:12", "text": "United States because it has so much"}, {"start": "00:08:10", "end": "00:08:16", "text": "bearing in terms of the US economy"}, {"start": "00:08:12", "end": "00:08:17", "text": "because it's so tied to energy. I want"}, {"start": "00:08:16", "end": "00:08:19", "text": "to go to this clip because this is a"}, {"start": "00:08:17", "end": "00:08:22", "text": "former Trump adviser saying maybe this"}, {"start": "00:08:19", "end": "00:08:25", "text": "deal may not be so good. Take a look."}, {"start": "00:08:22", "end": "00:08:26", "text": ">> I I agree with Axe. If it was good news,"}, {"start": "00:08:25", "end": "00:08:28", "text": "it would have been leaked. Uh we'd we'd"}, {"start": "00:08:26", "end": "00:08:30", "text": "all know about it. Donald Trump would"}, {"start": "00:08:28", "end": "00:08:32", "text": "stay around to sign and pass out pens."}, {"start": "00:08:30", "end": "00:08:35", "text": "Um the the fact that he is getting out"}, {"start": "00:08:32", "end": "00:08:37", "text": "of town does not bode well. Um anyone"}, {"start": "00:08:35", "end": "00:08:40", "text": "with a any shred of political sense"}, {"start": "00:08:37", "end": "00:08:43", "text": "knows that you know politicians and"}, {"start": "00:08:40", "end": "00:08:44", "text": "cameras go handinand glove right. So if"}, {"start": "00:08:43", "end": "00:08:47", "text": "this was something good and going to be"}, {"start": "00:08:44", "end": "00:08:49", "text": "you know of global significance Donald"}, {"start": "00:08:47", "end": "00:08:51", "text": "Trump would be there. I I think that"}, {"start": "00:08:49", "end": "00:08:54", "text": "this is to be viewed very skeptically. I"}, {"start": "00:08:51", "end": "00:08:55", "text": "do not trust the Iranians."}, {"start": "00:08:54", "end": "00:08:59", "text": ">> All right. So, this is a this is a"}, {"start": "00:08:55", "end": "00:09:01", "text": "former White House uh uh adviser and and"}, {"start": "00:08:59", "end": "00:09:03", "text": "whether you believe him or not, I think"}, {"start": "00:09:01", "end": "00:09:05", "text": "the body language is kind of the thing"}, {"start": "00:09:03", "end": "00:09:08", "text": "he's getting at is how do how do these"}, {"start": "00:09:05", "end": "00:09:11", "text": "people react being in DC? And if we were"}, {"start": "00:09:08", "end": "00:09:14", "text": "getting a closer uh deal to what's going"}, {"start": "00:09:11", "end": "00:09:15", "text": "on in Iran, I I think he's right. I"}, {"start": "00:09:14", "end": "00:09:18", "text": "think you'd have victory laps uh going"}, {"start": "00:09:15", "end": "00:09:20", "text": "around DC right now. This concerns me a"}, {"start": "00:09:18", "end": "00:09:22", "text": "little bit. Does that mean that maybe"}, {"start": "00:09:20", "end": "00:09:24", "text": "the deal is continuing negotiation and"}, {"start": "00:09:22", "end": "00:09:26", "text": "they kind of give you a fluff answer on"}, {"start": "00:09:24", "end": "00:09:28", "text": "Friday? Remember, all this stuff always"}, {"start": "00:09:26", "end": "00:09:31", "text": "happens on Friday. We talk about it all"}, {"start": "00:09:28", "end": "00:09:33", "text": "the time. It helps avoid these uh"}, {"start": "00:09:31", "end": "00:09:35", "text": "situation where you get so much coverage"}, {"start": "00:09:33", "end": "00:09:38", "text": "on it. It kind of buries the lead as"}, {"start": "00:09:35", "end": "00:09:40", "text": "they say. And I want to go further into"}, {"start": "00:09:38", "end": "00:09:42", "text": "this because the question will be if it"}, {"start": "00:09:40", "end": "00:09:45", "text": "doesn't happen on Friday, how long down"}, {"start": "00:09:42", "end": "00:09:47", "text": "the pipe are we going to have to wait"}, {"start": "00:09:45", "end": "00:09:50", "text": "for normality? Take a look."}, {"start": "00:09:47", "end": "00:09:52", "text": "It was extremely challenging to get to"}, {"start": "00:09:50", "end": "00:09:54", "text": "this ceasefire. Maintaining it is going"}, {"start": "00:09:52", "end": "00:09:58", "text": "to be even more challenging. Let's say"}, {"start": "00:09:54", "end": "00:10:01", "text": "the ceasefire it works as planned on on"}, {"start": "00:09:58", "end": "00:10:03", "text": "Friday. Um it would be probably by the"}, {"start": "00:10:01", "end": "00:10:06", "text": "end of the year you could even begin to"}, {"start": "00:10:03", "end": "00:10:08", "text": "talk about a resumption to normality."}, {"start": "00:10:06", "end": "00:10:10", "text": "And the idea though is you'd have that"}, {"start": "00:10:08", "end": "00:10:13", "text": "flush of the 60 million barrels that are"}, {"start": "00:10:10", "end": "00:10:14", "text": "caught inside come out. May maybe it's"}, {"start": "00:10:13", "end": "00:10:16", "text": "60 plus million barrels. And if you're"}, {"start": "00:10:14", "end": "00:10:18", "text": "drawing on average six million barrels"}, {"start": "00:10:16", "end": "00:10:21", "text": "per day right now, that means you would"}, {"start": "00:10:18", "end": "00:10:23", "text": "cover six days or 10 days of of"}, {"start": "00:10:21", "end": "00:10:25", "text": "inventory draws. After that, you still"}, {"start": "00:10:23", "end": "00:10:27", "text": "have the other problem. So before we can"}, {"start": "00:10:25", "end": "00:10:29", "text": "answer anything, you got to answer how"}, {"start": "00:10:27", "end": "00:10:31", "text": "do you get the ships to want to go back"}, {"start": "00:10:29", "end": "00:10:33", "text": "into the Gulf. We have not answered that"}, {"start": "00:10:31", "end": "00:10:35", "text": "problem yet. So again, I say it's a"}, {"start": "00:10:33", "end": "00:10:37", "text": "near-term solution is you flush it, but"}, {"start": "00:10:35", "end": "00:10:39", "text": "longer term, you don't have a a problem."}, {"start": "00:10:37", "end": "00:10:40", "text": "The markets are treating this very"}, {"start": "00:10:39", "end": "00:10:42", "text": "differently than the way the physical"}, {"start": "00:10:40", "end": "00:10:45", "text": "markets are or the operators are"}, {"start": "00:10:42", "end": "00:10:48", "text": "treating it. the the the financial"}, {"start": "00:10:45", "end": "00:10:49", "text": "markets are saying this is a done deal."}, {"start": "00:10:48", "end": "00:10:52", "text": ">> All right. So, do you guys think that is"}, {"start": "00:10:49", "end": "00:10:54", "text": "the case? Is it a done deal? If you look"}, {"start": "00:10:52", "end": "00:10:57", "text": "at the current markets of what's going"}, {"start": "00:10:54", "end": "00:11:00", "text": "on, you kind of say, well, maybe all of"}, {"start": "00:10:57", "end": "00:11:02", "text": "this is being masked by the SpaceX IPO."}, {"start": "00:11:00", "end": "00:11:05", "text": "If you look at where we are right now,"}, {"start": "00:11:02", "end": "00:11:07", "text": "uh 300 bill out of the US stock market"}, {"start": "00:11:05", "end": "00:11:10", "text": "today, that of course is moving what"}, {"start": "00:11:07", "end": "00:11:12", "text": "might be into SpaceX. And I think this"}, {"start": "00:11:10", "end": "00:11:13", "text": "is continuing to be an issue right"}, {"start": "00:11:12", "end": "00:11:17", "text": "there. If you look at SpaceX up another"}, {"start": "00:11:13", "end": "00:11:19", "text": "10% today, overtaking Amazon to become"}, {"start": "00:11:17", "end": "00:11:22", "text": "the fifth largest company in the world,"}, {"start": "00:11:19", "end": "00:11:23", "text": "guys, this is insane to see these kind"}, {"start": "00:11:22", "end": "00:11:26", "text": "of numbers. And the real question is how"}, {"start": "00:11:23", "end": "00:11:28", "text": "long does it hold? This will correlate"}, {"start": "00:11:26", "end": "00:11:30", "text": "to the crypto market because if you look"}, {"start": "00:11:28", "end": "00:11:32", "text": "at what's happening after hours on the"}, {"start": "00:11:30", "end": "00:11:34", "text": "weekends right now, hype of course"}, {"start": "00:11:32", "end": "00:11:35", "text": "soarses to all-time high. This again"}, {"start": "00:11:34", "end": "00:11:37", "text": "because of what's happening over on the"}, {"start": "00:11:35", "end": "00:11:39", "text": "SpaceX side and what we'll see on the"}, {"start": "00:11:37", "end": "00:11:42", "text": "per side. But if you look here, the"}, {"start": "00:11:39", "end": "00:11:43", "text": "driver on this seems to be SpaceX."}, {"start": "00:11:42", "end": "00:11:45", "text": "NASDAQ closed the after hours price."}, {"start": "00:11:43", "end": "00:11:48", "text": "Discovery for the year's biggest IPO has"}, {"start": "00:11:45", "end": "00:11:50", "text": "now been running on Hyperlid. So you've"}, {"start": "00:11:48", "end": "00:11:54", "text": "got that per going on 1.1 billion in"}, {"start": "00:11:50", "end": "00:11:56", "text": "volume and that climbed about 23%. So"}, {"start": "00:11:54", "end": "00:11:58", "text": "the new contract on the third biggest"}, {"start": "00:11:56", "end": "00:12:01", "text": "market out there uh in terms of the"}, {"start": "00:11:58", "end": "00:12:04", "text": "entire platform behind only Bitcoin and"}, {"start": "00:12:01", "end": "00:12:05", "text": "ETH. So big deal guys uh of if it"}, {"start": "00:12:04", "end": "00:12:07", "text": "continues to trade like this if you"}, {"start": "00:12:05", "end": "00:12:09", "text": "continue to see this kind of flexibility"}, {"start": "00:12:07", "end": "00:12:12", "text": "and volatility and there could be people"}, {"start": "00:12:09", "end": "00:12:15", "text": "starting to short this and getting into"}, {"start": "00:12:12", "end": "00:12:17", "text": "that trade as well. Uh right there"}, {"start": "00:12:15", "end": "00:12:20", "text": "SpaceX of course leapfrogging over"}, {"start": "00:12:17", "end": "00:12:22", "text": "Microsoft holding the number four"}, {"start": "00:12:20", "end": "00:12:23", "text": "position right now just well I couldn't"}, {"start": "00:12:22", "end": "00:12:25", "text": "say just behind Apple. They're still"}, {"start": "00:12:23", "end": "00:12:29", "text": "about half behind Apple. But remember"}, {"start": "00:12:25", "end": "00:12:31", "text": "this opened this week and it was at less"}, {"start": "00:12:29", "end": "00:12:33", "text": "than two trillion. So, it's almost"}, {"start": "00:12:31", "end": "00:12:37", "text": "gained a trillion dollars in a week. If"}, {"start": "00:12:33", "end": "00:12:40", "text": "it tracks at this level, it literally is"}, {"start": "00:12:37", "end": "00:12:43", "text": "on uh Apple's heels inside a month. So,"}, {"start": "00:12:40", "end": "00:12:46", "text": "let's see if this continues to hold into"}, {"start": "00:12:43", "end": "00:12:48", "text": "SpaceX. Uh the US Department of Justice"}, {"start": "00:12:46", "end": "00:12:50", "text": "just did something that might actually"}, {"start": "00:12:48", "end": "00:12:53", "text": "help it. And they declared Elon Musk's"}, {"start": "00:12:50", "end": "00:12:55", "text": "data centers national security asset and"}, {"start": "00:12:53", "end": "00:12:58", "text": "blocked an environmental lawsuit against"}, {"start": "00:12:55", "end": "00:12:59", "text": "it. This basically uh green lights about"}, {"start": "00:12:58", "end": "00:13:02", "text": "everything Elon wants to do when it"}, {"start": "00:12:59", "end": "00:13:04", "text": "comes to data centers. And imagine what"}, {"start": "00:13:02", "end": "00:13:07", "text": "this is going to look like as he starts"}, {"start": "00:13:04", "end": "00:13:09", "text": "to move into uh data centers through"}, {"start": "00:13:07", "end": "00:13:12", "text": "SpaceX. In other words, in space, do we"}, {"start": "00:13:09", "end": "00:13:15", "text": "get regulatory alignment around that? Or"}, {"start": "00:13:12", "end": "00:13:18", "text": "is this now protecting uh SpaceX from"}, {"start": "00:13:15", "end": "00:13:21", "text": "literally any kind of issues coming out"}, {"start": "00:13:18", "end": "00:13:23", "text": "of DC in terms of investigations,"}, {"start": "00:13:21", "end": "00:13:25", "text": "compliancy, anything like that. If this"}, {"start": "00:13:23", "end": "00:13:28", "text": "opens up the pipeline here, we could see"}, {"start": "00:13:25", "end": "00:13:31", "text": "an unlimited supply of availability for"}, {"start": "00:13:28", "end": "00:13:33", "text": "Elon moving forward. This is another"}, {"start": "00:13:31", "end": "00:13:35", "text": "look right here. And this, if you kind"}, {"start": "00:13:33", "end": "00:13:37", "text": "of compare this to previous IPOs, these"}, {"start": "00:13:35", "end": "00:13:40", "text": "are the five most hyped IPOs over the"}, {"start": "00:13:37", "end": "00:13:42", "text": "last 15 years. Every single one of them"}, {"start": "00:13:40", "end": "00:13:45", "text": "collapsed after listing. Now, the"}, {"start": "00:13:42", "end": "00:13:47", "text": "question is, how long did it take? Sure,"}, {"start": "00:13:45", "end": "00:13:50", "text": "many of them were weeks, sometimes"}, {"start": "00:13:47", "end": "00:13:52", "text": "months, but Uber lost 70% of its IPO"}, {"start": "00:13:50", "end": "00:13:56", "text": "price. Meta was down 77% from its peak."}, {"start": "00:13:52", "end": "00:13:59", "text": "Robin Hood fell 92%. Coinbase was 93 and"}, {"start": "00:13:56", "end": "00:14:01", "text": "even Rivian fell 95%."}, {"start": "00:13:59", "end": "00:14:04", "text": "It's always priced on these early"}, {"start": "00:14:01", "end": "00:14:05", "text": "trading frequencies and remember this is"}, {"start": "00:14:04", "end": "00:14:08", "text": "a little bit different because SpaceX"}, {"start": "00:14:05", "end": "00:14:10", "text": "has so much um private equity and"}, {"start": "00:14:08", "end": "00:14:12", "text": "private capital that's gone into this"}, {"start": "00:14:10", "end": "00:14:15", "text": "which will take profits. They will get"}, {"start": "00:14:12", "end": "00:14:17", "text": "out and exit liquidity I think is"}, {"start": "00:14:15", "end": "00:14:20", "text": "retail. At the bottom is when nobody"}, {"start": "00:14:17", "end": "00:14:22", "text": "wanted these stocks and that is when"}, {"start": "00:14:20", "end": "00:14:24", "text": "everybody started to make money on these"}, {"start": "00:14:22", "end": "00:14:28", "text": "things. Robin Hood was up 22x from its"}, {"start": "00:14:24", "end": "00:14:30", "text": "low. Meta was up 45. Uber was 7. That's"}, {"start": "00:14:28", "end": "00:14:32", "text": "when those millionaires were made that"}, {"start": "00:14:30", "end": "00:14:34", "text": "were retail millionaires because now all"}, {"start": "00:14:32", "end": "00:14:35", "text": "that liquidity has been flushed out of"}, {"start": "00:14:34", "end": "00:14:37", "text": "the market and it's an opportunity to"}, {"start": "00:14:35", "end": "00:14:40", "text": "buy it. So if you are looking on the"}, {"start": "00:14:37", "end": "00:14:42", "text": "backside of that, let me know what your"}, {"start": "00:14:40", "end": "00:14:44", "text": "price is for SpaceX. If you're thinking,"}, {"start": "00:14:42", "end": "00:14:46", "text": "I'm going to get into SpaceX, but I'm"}, {"start": "00:14:44", "end": "00:14:48", "text": "going to wait for all of this to settle"}, {"start": "00:14:46", "end": "00:14:50", "text": "down, just put your price down in the"}, {"start": "00:14:48", "end": "00:14:53", "text": "comments. Uh, iShares is getting ready"}, {"start": "00:14:50", "end": "00:14:56", "text": "to, or I should sayshares Bitcoin"}, {"start": "00:14:53", "end": "00:14:58", "text": "premium income ETF, which is BITA, is"}, {"start": "00:14:56", "end": "00:15:01", "text": "now launching tomorrow. Now, this is"}, {"start": "00:14:58", "end": "00:15:04", "text": "interesting because this will begin to"}, {"start": "00:15:01", "end": "00:15:06", "text": "put a little pressure on the darling of"}, {"start": "00:15:04", "end": "00:15:08", "text": "these kinds of assets, and that has been"}, {"start": "00:15:06", "end": "00:15:11", "text": "stretch under Micro Strategy. This of"}, {"start": "00:15:08", "end": "00:15:13", "text": "course setting in under Black Rockck."}, {"start": "00:15:11", "end": "00:15:16", "text": "The question will be is which one would"}, {"start": "00:15:13", "end": "00:15:18", "text": "you buy if you were trying to go into"}, {"start": "00:15:16", "end": "00:15:20", "text": "these preferred products out there?"}, {"start": "00:15:18", "end": "00:15:22", "text": "Would you go into something like Black"}, {"start": "00:15:20", "end": "00:15:25", "text": "Rockck's offering or would you continue"}, {"start": "00:15:22", "end": "00:15:27", "text": "down the pipe of going with Strategy's"}, {"start": "00:15:25", "end": "00:15:29", "text": "offering with Stretch or would you jump"}, {"start": "00:15:27", "end": "00:15:30", "text": "over to Bitmine and what they're doing?"}, {"start": "00:15:29", "end": "00:15:33", "text": "Let me know what you guys think. I think"}, {"start": "00:15:30", "end": "00:15:35", "text": "this will outpace Stretch. It may cause"}, {"start": "00:15:33", "end": "00:15:37", "text": "a little a little bit of a struggle for"}, {"start": "00:15:35", "end": "00:15:40", "text": "Stretch here uh in the future. I want to"}, {"start": "00:15:37", "end": "00:15:42", "text": "go to this last clip because this is an"}, {"start": "00:15:40", "end": "00:15:45", "text": "interesting I won't call it a debate,"}, {"start": "00:15:42", "end": "00:15:48", "text": "but it is a different perspective of how"}, {"start": "00:15:45", "end": "00:15:50", "text": "markets will react and where Bitcoin and"}, {"start": "00:15:48", "end": "00:15:52", "text": "crypto will be as well as where will"}, {"start": "00:15:50", "end": "00:15:56", "text": "gold be. This of course is Peter Schiff"}, {"start": "00:15:52", "end": "00:15:58", "text": "and Anthony Papiano. Take a look. The"}, {"start": "00:15:56", "end": "00:15:59", "text": "the government is backing Bitcoin. The"}, {"start": "00:15:58", "end": "00:16:01", "text": "government is behind Bitcoin. The"}, {"start": "00:15:59", "end": "00:16:03", "text": "government is trying to misdirect"}, {"start": "00:16:01", "end": "00:16:05", "text": "resources into Bitcoin. The president's"}, {"start": "00:16:03", "end": "00:16:06", "text": "family, that's the family business now."}, {"start": "00:16:05", "end": "00:16:07", "text": "Forget real estate. They're all in"}, {"start": "00:16:06", "end": "00:16:09", "text": "crypto."}, {"start": "00:16:07", "end": "00:16:10", "text": ">> Well, but hold on a second. Hold on a"}, {"start": "00:16:09", "end": "00:16:12", "text": "second here. The US government has been"}, {"start": "00:16:10", "end": "00:16:14", "text": "backing gold for decades and decades. I"}, {"start": "00:16:12", "end": "00:16:15", "text": "don't hear you complaining about that."}, {"start": "00:16:14", "end": "00:16:16", "text": "Second of all, the United States money"}, {"start": "00:16:15", "end": "00:16:18", "text": "in the United States."}, {"start": "00:16:16", "end": "00:16:19", "text": ">> Hold on a second. Second of all is that"}, {"start": "00:16:18", "end": "00:16:21", "text": "the United States has frozen"}, {"start": "00:16:19", "end": "00:16:23", "text": "Venezuelan's gold. They've frozen"}, {"start": "00:16:21", "end": "00:16:24", "text": "Russia's gold. They've gone after"}, {"start": "00:16:23", "end": "00:16:26", "text": "China's gold."}, {"start": "00:16:24", "end": "00:16:28", "text": ">> Only if they have possession of it. They"}, {"start": "00:16:26", "end": "00:16:30", "text": ">> And again, but you can't do that with an"}, {"start": "00:16:28", "end": "00:16:31", "text": "asset that cannot be censored."}, {"start": "00:16:30", "end": "00:16:32", "text": ">> What do you mean? Look at all the"}, {"start": "00:16:31", "end": "00:16:34", "text": "Bitcoin we've seized. How do you think"}, {"start": "00:16:32", "end": "00:16:36", "text": "we have a Bitcoin strategic reserve?"}, {"start": "00:16:34", "end": "00:16:38", "text": "It's all seized Bitcoin. There was just"}, {"start": "00:16:36", "end": "00:16:39", "text": "some rumors, I don't know, that that we"}, {"start": "00:16:38", "end": "00:16:42", "text": "seized Iran's Bitcoin or crew, whatever"}, {"start": "00:16:39", "end": "00:16:44", "text": "they had. It's a lot harder to seize"}, {"start": "00:16:42", "end": "00:16:46", "text": "gold because if you have your own gold"}, {"start": "00:16:44", "end": "00:16:48", "text": "in a vault, unless you're going to send"}, {"start": "00:16:46", "end": "00:16:49", "text": "the military on the ground to get it,"}, {"start": "00:16:48", "end": "00:16:50", "text": "gold is far"}, {"start": "00:16:49", "end": "00:16:52", "text": ">> Let me ask you this. Over the next"}, {"start": "00:16:50", "end": "00:16:54", "text": "decade, do you think that Bitcoin or"}, {"start": "00:16:52", "end": "00:16:55", "text": "gold is going to outperform each other?"}, {"start": "00:16:54", "end": "00:16:56", "text": "If you had to pick between gold and"}, {"start": "00:16:55", "end": "00:16:57", "text": "Bitcoin, which one do you think?"}, {"start": "00:16:56", "end": "00:16:59", "text": ">> I don't even know if Bitcoin is going to"}, {"start": "00:16:57", "end": "00:17:00", "text": "be around in another decade."}, {"start": "00:16:59", "end": "00:17:02", "text": ">> You want to make a bet on it?"}, {"start": "00:17:00", "end": "00:17:04", "text": ">> Bet what? If Bitcoin's going to be"}, {"start": "00:17:02", "end": "00:17:06", "text": "around in a decade of gold. Oh, holy"}, {"start": "00:17:04", "end": "00:17:07", "text": "Elsa got very quiet."}, {"start": "00:17:06", "end": "00:17:08", "text": ">> Who wants to bet me? You know, I got I"}, {"start": "00:17:07", "end": "00:17:09", "text": "got"}, {"start": "00:17:08", "end": "00:17:10", "text": ">> That's easy bet. If you think it's going"}, {"start": "00:17:09", "end": "00:17:11", "text": "to go away, let's make a little bet."}, {"start": "00:17:10", "end": "00:17:12", "text": ">> Well, I can't It's not going to go to"}, {"start": "00:17:11", "end": "00:17:15", "text": "zero, maybe."}, {"start": "00:17:12", "end": "00:17:17", "text": ">> Okay, so Bitcoin is not going to zero"}, {"start": "00:17:15", "end": "00:17:18", "text": "for gold. I'll make you"}, {"start": "00:17:17", "end": "00:17:20", "text": ">> I don't know. I think I've heard uh"}, {"start": "00:17:18", "end": "00:17:23", "text": "Shiff say that Bitcoin goes to zero"}, {"start": "00:17:20", "end": "00:17:25", "text": "before. Interesting. Maybe he's re, you"}, {"start": "00:17:23", "end": "00:17:27", "text": "know, considering his position."}, {"start": "00:17:25", "end": "00:17:30", "text": "Interesting though dynamics because I"}, {"start": "00:17:27", "end": "00:17:32", "text": "think right now you are dealing with a"}, {"start": "00:17:30", "end": "00:17:34", "text": "new asset generation and remember it is"}, {"start": "00:17:32", "end": "00:17:37", "text": "a different kind of investor these days."}, {"start": "00:17:34", "end": "00:17:38", "text": "They are looking at not only treasuries"}, {"start": "00:17:37", "end": "00:17:39", "text": "differently, they're looking at risk"}, {"start": "00:17:38", "end": "00:17:41", "text": "markets differently and they're"}, {"start": "00:17:39", "end": "00:17:43", "text": "definitely looking at precious metals"}, {"start": "00:17:41", "end": "00:17:45", "text": "differently. So if you're one of those,"}, {"start": "00:17:43", "end": "00:17:49", "text": "which one are you guys jumping into?"}, {"start": "00:17:45", "end": "00:17:49", "text": "Love to hear your thoughts."}, {"start": "00:17:53", "end": "00:17:57", "text": "If you like this video, hit like and"}, {"start": "00:17:55", "end": "00:17:59", "text": "subscribe. Drop a comment down below and"}, {"start": "00:17:57", "end": "00:18:03", "text": "also join our free private member group."}, {"start": "00:17:59", "end": "00:18:03", "text": "The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Today, let's dive into a massive stable"}, {"start": "00:00:02", "end": "00:00:05", "text": "coin catalyst and of course get into"}, {"start": "00:00:04", "end": "00:00:07", "text": "some of the news that broke over the"}, {"start": "00:00:05", "end": "00:00:09", "text": "weekend. We've got a special guest also"}, {"start": "00:00:07", "end": "00:00:11", "text": "joining us. Let's just jump right in."}, {"start": "00:00:09", "end": "00:00:13", "text": "Before we get started though, I do want"}, {"start": "00:00:11", "end": "00:00:15", "text": "to thank our sponsor and that is Tandem."}, {"start": "00:00:13", "end": "00:00:17", "text": "And we're going to be talking to Wallet"}, {"start": "00:00:15", "end": "00:00:18", "text": "Connect today. And when you think about"}, {"start": "00:00:17", "end": "00:00:21", "text": "Wallet Connect, I want you to think also"}, {"start": "00:00:18", "end": "00:00:22", "text": "about uh self-custody. And the way you"}, {"start": "00:00:21", "end": "00:00:25", "text": "can get into self- custody is jump over"}, {"start": "00:00:22", "end": "00:00:26", "text": "to Tandem's website and get started. If"}, {"start": "00:00:25", "end": "00:00:27", "text": "you're brand new to crypto, this is"}, {"start": "00:00:26", "end": "00:00:30", "text": "should be on your checklist to get"}, {"start": "00:00:27", "end": "00:00:33", "text": "going. a very easy to set up. One of the"}, {"start": "00:00:30", "end": "00:00:35", "text": "most secure ways to really store digital"}, {"start": "00:00:33", "end": "00:00:38", "text": "assets out there. No bank or exchange uh"}, {"start": "00:00:35", "end": "00:00:40", "text": "stands between you and your funds. Very"}, {"start": "00:00:38", "end": "00:00:43", "text": "easy to activate. I can attest to that"}, {"start": "00:00:40", "end": "00:00:46", "text": "in terms of setup. It is seedless by"}, {"start": "00:00:43", "end": "00:00:48", "text": "design. So, that is another feature that"}, {"start": "00:00:46", "end": "00:00:50", "text": "really benefits Tandem users. So, make"}, {"start": "00:00:48", "end": "00:00:52", "text": "sure and use our link down below."}, {"start": "00:00:50", "end": "00:00:55", "text": "They've got a lot happening in terms of"}, {"start": "00:00:52", "end": "00:00:57", "text": "discounts and some cool stuff around uh"}, {"start": "00:00:55", "end": "00:00:58", "text": "the big football event. So, check out"}, {"start": "00:00:57", "end": "00:01:00", "text": "the code down below. It does help you"}, {"start": "00:00:58", "end": "00:01:03", "text": "guys get started. I want to bring in"}, {"start": "00:01:00", "end": "00:01:05", "text": "Jess Holgrave who is the CEO of Wallet"}, {"start": "00:01:03", "end": "00:01:06", "text": "Connect and dive in a little bit. How"}, {"start": "00:01:05", "end": "00:01:08", "text": "are you Jess?"}, {"start": "00:01:06", "end": "00:01:09", "text": ">> Hi Paul. I'm very good. Thank you for"}, {"start": "00:01:08", "end": "00:01:10", "text": "having me today."}, {"start": "00:01:09", "end": "00:01:14", "text": ">> We got a chance to report on the"}, {"start": "00:01:10", "end": "00:01:16", "text": "Mastercard news uh last week. Um"}, {"start": "00:01:14", "end": "00:01:19", "text": "obviously Wallet Connect has been in the"}, {"start": "00:01:16", "end": "00:01:21", "text": "news around integration with Inenico and"}, {"start": "00:01:19", "end": "00:01:24", "text": "so on. And for those of you who may not"}, {"start": "00:01:21", "end": "00:01:26", "text": "know, Enico is a big POS uh company that"}, {"start": "00:01:24", "end": "00:01:28", "text": "works with retailers around the world."}, {"start": "00:01:26", "end": "00:01:31", "text": "Um, first of all, give us kind of an un"}, {"start": "00:01:28", "end": "00:01:32", "text": "an understanding of what that rollout"}, {"start": "00:01:31", "end": "00:01:35", "text": "process would look like. When could we"}, {"start": "00:01:32", "end": "00:01:37", "text": "use, you know, wallet connect at a"}, {"start": "00:01:35", "end": "00:01:39", "text": "retail POS near you?"}, {"start": "00:01:37", "end": "00:01:41", "text": ">> So, Wallet Connect has been around since"}, {"start": "00:01:39", "end": "00:01:44", "text": "2018 and we provide this very core"}, {"start": "00:01:41", "end": "00:01:46", "text": "infrastructure for uh for the crypto and"}, {"start": "00:01:44", "end": "00:01:49", "text": "stable coin industry. One of those"}, {"start": "00:01:46", "end": "00:01:51", "text": "applications is onchain payments and"}, {"start": "00:01:49", "end": "00:01:54", "text": "that means that the payment endtoend"}, {"start": "00:01:51", "end": "00:01:56", "text": "stays onchain. We can offramp at at the"}, {"start": "00:01:54", "end": "00:01:58", "text": "back end if a partner wants that. But"}, {"start": "00:01:56", "end": "00:02:00", "text": "unlike most of the crypto solutions, the"}, {"start": "00:01:58", "end": "00:02:03", "text": "crypto cards that are out there, this is"}, {"start": "00:02:00", "end": "00:02:05", "text": "a pure onchain payment. And for people"}, {"start": "00:02:03", "end": "00:02:07", "text": "who don't know, have about 40 million"}, {"start": "00:02:05", "end": "00:02:10", "text": "merchants globally, they range from"}, {"start": "00:02:07", "end": "00:02:12", "text": "petrol stations to luxury goods to"}, {"start": "00:02:10", "end": "00:02:15", "text": "hospitality environments and kind of"}, {"start": "00:02:12", "end": "00:02:17", "text": "everything in between. And we've been"}, {"start": "00:02:15", "end": "00:02:19", "text": "working with them really to refine the"}, {"start": "00:02:17", "end": "00:02:23", "text": "the user experience around paying with"}, {"start": "00:02:19", "end": "00:02:26", "text": "crypto. So, we have our first stores uh"}, {"start": "00:02:23", "end": "00:02:28", "text": "going live in Europe this summer. Um"}, {"start": "00:02:26", "end": "00:02:31", "text": "really as to to test those experiences"}, {"start": "00:02:28", "end": "00:02:32", "text": "and make sure that they are working well"}, {"start": "00:02:31", "end": "00:02:34", "text": "and then we'll be rolling that out"}, {"start": "00:02:32", "end": "00:02:36", "text": "globally with Inenico and they're"}, {"start": "00:02:34", "end": "00:02:37", "text": "acquiring partners after that."}, {"start": "00:02:36", "end": "00:02:39", "text": ">> All right. I'm looking at a tweet you"}, {"start": "00:02:37", "end": "00:02:41", "text": "guys put out stable coins part of the"}, {"start": "00:02:39", "end": "00:02:44", "text": "day. you guys are using wallet connect"}, {"start": "00:02:41", "end": "00:02:46", "text": "right there uh with you know your Safe"}, {"start": "00:02:44", "end": "00:02:48", "text": "Pal wallet and then of course in Genico"}, {"start": "00:02:46", "end": "00:02:50", "text": "as the POSOS which is the little"}, {"start": "00:02:48", "end": "00:02:52", "text": "handheld devices that a lot of times"}, {"start": "00:02:50", "end": "00:02:53", "text": "come out to the tables when people are"}, {"start": "00:02:52", "end": "00:02:56", "text": "ordering food or maybe you're doing it"}, {"start": "00:02:53", "end": "00:02:59", "text": "at all all sorts of retail environments"}, {"start": "00:02:56", "end": "00:03:02", "text": "in general. Uh what about the expansion"}, {"start": "00:02:59", "end": "00:03:05", "text": "beyond in Genico? You've got Verafhone"}, {"start": "00:03:02", "end": "00:03:07", "text": "obviously and then packs also in this"}, {"start": "00:03:05", "end": "00:03:09", "text": "game which would pretty much give you"}, {"start": "00:03:07", "end": "00:03:12", "text": "guys maximum coverage in terms of"}, {"start": "00:03:09", "end": "00:03:13", "text": "retail. Any plans for uh expanding with"}, {"start": "00:03:12", "end": "00:03:16", "text": "those guys?"}, {"start": "00:03:13", "end": "00:03:18", "text": ">> Yeah, look I think the um the point of"}, {"start": "00:03:16", "end": "00:03:21", "text": "sale payments landscape is really"}, {"start": "00:03:18", "end": "00:03:23", "text": "rapidly evolving um especially in Europe"}, {"start": "00:03:21", "end": "00:03:25", "text": "but also around the world to accommodate"}, {"start": "00:03:23", "end": "00:03:27", "text": "other payment methods that aren't just"}, {"start": "00:03:25", "end": "00:03:30", "text": "cards. And that's historically been"}, {"start": "00:03:27", "end": "00:03:32", "text": "what's really dominated that space. Um"}, {"start": "00:03:30", "end": "00:03:34", "text": "so in Europe there's many many"}, {"start": "00:03:32", "end": "00:03:35", "text": "manufacturers now. Um you are"}, {"start": "00:03:34", "end": "00:03:37", "text": "highlighting a couple here. There are"}, {"start": "00:03:35", "end": "00:03:40", "text": "some up there's there's a lot of them"}, {"start": "00:03:37", "end": "00:03:43", "text": "and often they sort of target different"}, {"start": "00:03:40", "end": "00:03:45", "text": "spaces in the market. So some are really"}, {"start": "00:03:43", "end": "00:03:47", "text": "brilliant for um you know when you don't"}, {"start": "00:03:45", "end": "00:03:48", "text": "have a checkout person there you know"}, {"start": "00:03:47", "end": "00:03:51", "text": "when you're doing that remotely at a gas"}, {"start": "00:03:48", "end": "00:03:52", "text": "station for example. Um some are"}, {"start": "00:03:51", "end": "00:03:54", "text": "designed specifically for restaurants."}, {"start": "00:03:52", "end": "00:03:57", "text": "They've got all this other software"}, {"start": "00:03:54", "end": "00:04:00", "text": "built on them. Um, our goal with Wallet"}, {"start": "00:03:57", "end": "00:04:02", "text": "Connect Pay as a product that we build"}, {"start": "00:04:00", "end": "00:04:03", "text": "is that this should be really easy for"}, {"start": "00:04:02", "end": "00:04:06", "text": "anyone, whether they're the software"}, {"start": "00:04:03", "end": "00:04:08", "text": "producer, the the hardware manufacturer,"}, {"start": "00:04:06", "end": "00:04:11", "text": "to incorporate this as a payment method."}, {"start": "00:04:08", "end": "00:04:13", "text": "The great thing about it is it doesn't"}, {"start": "00:04:11", "end": "00:04:15", "text": "require somebody to understand very much"}, {"start": "00:04:13", "end": "00:04:18", "text": "about crypto. Um, there's nothing in"}, {"start": "00:04:15", "end": "00:04:21", "text": "terms of like knowing the chain, knowing"}, {"start": "00:04:18", "end": "00:04:24", "text": "the asset, needing to train people in"}, {"start": "00:04:21", "end": "00:04:26", "text": "store on what a crypto payment is. You"}, {"start": "00:04:24", "end": "00:04:28", "text": "don't have any of that because this"}, {"start": "00:04:26", "end": "00:04:30", "text": "works with every wallet on the wallet"}, {"start": "00:04:28", "end": "00:04:33", "text": "connect network. It's about 700 wallets"}, {"start": "00:04:30", "end": "00:04:35", "text": "globally. Um it means that regardless of"}, {"start": "00:04:33", "end": "00:04:37", "text": "what that what wallet that person uses,"}, {"start": "00:04:35", "end": "00:04:39", "text": "what asset they have, and what chain"}, {"start": "00:04:37", "end": "00:04:42", "text": "they're operating on, they'll be able to"}, {"start": "00:04:39", "end": "00:04:44", "text": "make that payment without the people in"}, {"start": "00:04:42", "end": "00:04:45", "text": "store needing to learn about crypto."}, {"start": "00:04:44", "end": "00:04:48", "text": ">> All right. So way the way I understand"}, {"start": "00:04:45", "end": "00:04:50", "text": "it, it's a QR code that gets integrated"}, {"start": "00:04:48", "end": "00:04:52", "text": "into the point of sale. Is that right?"}, {"start": "00:04:50", "end": "00:04:55", "text": "So just like anybody's QR code that you"}, {"start": "00:04:52", "end": "00:04:57", "text": "use with almost anything out there. So"}, {"start": "00:04:55", "end": "00:04:59", "text": "let me ask you this because we cover the"}, {"start": "00:04:57", "end": "00:05:00", "text": "point of sales sector pretty heavily"}, {"start": "00:04:59", "end": "00:05:02", "text": "because we think payments are going to"}, {"start": "00:05:00", "end": "00:05:04", "text": "be so huge in crypto. One of the areas"}, {"start": "00:05:02", "end": "00:05:05", "text": "that we've been tracking here in the US"}, {"start": "00:05:04", "end": "00:05:09", "text": "is around a company by the name of"}, {"start": "00:05:05", "end": "00:05:11", "text": "Toast. Most companies who go through you"}, {"start": "00:05:09", "end": "00:05:13", "text": "know POSOS companies like that they have"}, {"start": "00:05:11", "end": "00:05:17", "text": "to integrate through these things that"}, {"start": "00:05:13", "end": "00:05:19", "text": "are APIs and with Toast uh what we have"}, {"start": "00:05:17", "end": "00:05:21", "text": "found is it's almost impossible to get"}, {"start": "00:05:19", "end": "00:05:23", "text": "in and correlate toast being one of the"}, {"start": "00:05:21", "end": "00:05:26", "text": "big companies out there that have kind"}, {"start": "00:05:23", "end": "00:05:29", "text": "of spearheaded the iPad version of point"}, {"start": "00:05:26", "end": "00:05:32", "text": "of sales being used at most of the US"}, {"start": "00:05:29", "end": "00:05:34", "text": "retailers. Are you telling me that API"}, {"start": "00:05:32", "end": "00:05:37", "text": "requirements aren't necessary for you to"}, {"start": "00:05:34", "end": "00:05:40", "text": "be able to integrate into payments?"}, {"start": "00:05:37", "end": "00:05:43", "text": ">> So, we basically offer a holistic"}, {"start": "00:05:40", "end": "00:05:45", "text": "back-end system and the way that that"}, {"start": "00:05:43", "end": "00:05:48", "text": "can be integrated is in multiple"}, {"start": "00:05:45", "end": "00:05:52", "text": "different ways. So, we have uh SDKs that"}, {"start": "00:05:48", "end": "00:05:54", "text": "can plug into existing software, APKs"}, {"start": "00:05:52", "end": "00:05:56", "text": "that can be put on Android devices,"}, {"start": "00:05:54", "end": "00:05:59", "text": "people can integrate in a headless way"}, {"start": "00:05:56", "end": "00:06:02", "text": "or with with APIs. We're working"}, {"start": "00:05:59", "end": "00:06:04", "text": "increasingly on soft pulse, i.e. these"}, {"start": "00:06:02", "end": "00:06:08", "text": "methods of accepting payments uh in"}, {"start": "00:06:04", "end": "00:06:10", "text": "store that sit on a a mobile phone or an"}, {"start": "00:06:08", "end": "00:06:12", "text": "iPad. So you can do that today. We're"}, {"start": "00:06:10", "end": "00:06:14", "text": "really agnostic because we see that this"}, {"start": "00:06:12", "end": "00:06:16", "text": "space is going to continue to change"}, {"start": "00:06:14", "end": "00:06:19", "text": "very dramatically. Um and I think our"}, {"start": "00:06:16", "end": "00:06:22", "text": "our core focus and you mentioned the the"}, {"start": "00:06:19", "end": "00:06:24", "text": "QR code a moment ago that is a very"}, {"start": "00:06:22", "end": "00:06:26", "text": "familiar form factor for payments in"}, {"start": "00:06:24", "end": "00:06:29", "text": "some parts of the world but not in all."}, {"start": "00:06:26", "end": "00:06:30", "text": "So, if you go to Southeast Asia, you'll"}, {"start": "00:06:29", "end": "00:06:32", "text": "you're going to see a QR code almost"}, {"start": "00:06:30", "end": "00:06:35", "text": "everywhere with every local payment"}, {"start": "00:06:32", "end": "00:06:37", "text": "method to be making a payment. But in"}, {"start": "00:06:35", "end": "00:06:39", "text": "Europe, certainly in the US, um you"}, {"start": "00:06:37", "end": "00:06:41", "text": "know, we've become incredibly"}, {"start": "00:06:39", "end": "00:06:44", "text": "comfortable and confident with tapping"}, {"start": "00:06:41", "end": "00:06:46", "text": "our phone or with tapping a card at the"}, {"start": "00:06:44", "end": "00:06:48", "text": "point of sale. And so, one of the things"}, {"start": "00:06:46", "end": "00:06:51", "text": "that that we're working on in a in a"}, {"start": "00:06:48", "end": "00:06:53", "text": "major way is around tap to pay to make"}, {"start": "00:06:51", "end": "00:06:56", "text": "sure that that user experience is"}, {"start": "00:06:53", "end": "00:06:58", "text": "familiar for for the end user. All of"}, {"start": "00:06:56", "end": "00:07:00", "text": "these things also come up with in in"}, {"start": "00:06:58", "end": "00:07:03", "text": "these very regulated environments as"}, {"start": "00:07:00", "end": "00:07:06", "text": "well. And so everything that we do is"}, {"start": "00:07:03", "end": "00:07:08", "text": "with thought to regulation to compliance"}, {"start": "00:07:06", "end": "00:07:09", "text": "both on the in terms of like the"}, {"start": "00:07:08", "end": "00:07:10", "text": "hardware making sure that that's"}, {"start": "00:07:09", "end": "00:07:13", "text": "compliant and that we're working with"}, {"start": "00:07:10", "end": "00:07:16", "text": "the right partners there um but also"}, {"start": "00:07:13", "end": "00:07:17", "text": "just the endto-end payment flow um the"}, {"start": "00:07:16", "end": "00:07:19", "text": "payments company doesn't need to worry"}, {"start": "00:07:17", "end": "00:07:20", "text": "about that in terms of the risk and"}, {"start": "00:07:19", "end": "00:07:22", "text": "compliance burden."}, {"start": "00:07:20", "end": "00:07:25", "text": ">> I see. So, uh, big news over the"}, {"start": "00:07:22", "end": "00:07:27", "text": "weekend. Uh, Tether is getting delisted"}, {"start": "00:07:25", "end": "00:07:28", "text": "in the EU. This, of course, is all in"}, {"start": "00:07:27", "end": "00:07:30", "text": "reference to what's been going on with"}, {"start": "00:07:28", "end": "00:07:33", "text": "the Mika regulations that are"}, {"start": "00:07:30", "end": "00:07:36", "text": "implementing almost as we speak. So,"}, {"start": "00:07:33", "end": "00:07:38", "text": "Jess, how would that affect what you"}, {"start": "00:07:36", "end": "00:07:41", "text": "guys are dealing with with regulatory"}, {"start": "00:07:38", "end": "00:07:44", "text": "compliance uh around stable coin usage"}, {"start": "00:07:41", "end": "00:07:45", "text": "of something like Tether in the EU"}, {"start": "00:07:44", "end": "00:07:48", "text": "specifically? You you mentioned a little"}, {"start": "00:07:45", "end": "00:07:51", "text": "bit about that. Can you explain? Yeah."}, {"start": "00:07:48", "end": "00:07:53", "text": "So, as a platform, we're chain agnostic"}, {"start": "00:07:51", "end": "00:07:56", "text": "and asset agnostic. So, that means that"}, {"start": "00:07:53", "end": "00:07:59", "text": "the payments partners that we work with"}, {"start": "00:07:56", "end": "00:08:01", "text": "can select the array of assets and"}, {"start": "00:07:59", "end": "00:08:04", "text": "chains that they want to accept payments"}, {"start": "00:08:01", "end": "00:08:06", "text": "on. In this case, I would uh we haven't"}, {"start": "00:08:04", "end": "00:08:08", "text": "quite seen the effects of this yet, but"}, {"start": "00:08:06", "end": "00:08:10", "text": "we've had a couple conversations with"}, {"start": "00:08:08", "end": "00:08:13", "text": "partners today. My expectation is that"}, {"start": "00:08:10", "end": "00:08:17", "text": "our payments partners in Europe may"}, {"start": "00:08:13", "end": "00:08:19", "text": "elect to not accept USDT uh as a payment"}, {"start": "00:08:17", "end": "00:08:21", "text": "method. Now, of course, there are things"}, {"start": "00:08:19", "end": "00:08:24", "text": "that we can do from a consumer"}, {"start": "00:08:21", "end": "00:08:26", "text": "perspective in terms of onchain swaps"}, {"start": "00:08:24", "end": "00:08:29", "text": "and things like that that abstract some"}, {"start": "00:08:26", "end": "00:08:33", "text": "of that and may still enable it uh"}, {"start": "00:08:29", "end": "00:08:35", "text": "enable users to use USDT even if the"}, {"start": "00:08:33", "end": "00:08:38", "text": "recipient i.e. the payments company,"}, {"start": "00:08:35", "end": "00:08:40", "text": "which is the regulated entity, never"}, {"start": "00:08:38", "end": "00:08:42", "text": "touches USDT. All of that is stuff that"}, {"start": "00:08:40", "end": "00:08:44", "text": "we're going to have to to work through."}, {"start": "00:08:42", "end": "00:08:47", "text": "Um, and I think that what we are seeing"}, {"start": "00:08:44", "end": "00:08:50", "text": "though in in is is massive change in"}, {"start": "00:08:47", "end": "00:08:53", "text": "Europe um around Euro denominated stable"}, {"start": "00:08:50", "end": "00:08:56", "text": "coins. And so although we are at this"}, {"start": "00:08:53", "end": "00:08:59", "text": "moment where USDT specifically um is is"}, {"start": "00:08:56", "end": "00:09:01", "text": "not going to be so sort of able to be"}, {"start": "00:08:59", "end": "00:09:03", "text": "used in Europe, um we are seeing this"}, {"start": "00:09:01", "end": "00:09:05", "text": "huge growth in Eurodenominated stable"}, {"start": "00:09:03", "end": "00:09:07", "text": "coins. And I think that's actually going"}, {"start": "00:09:05", "end": "00:09:09", "text": "to be the biggest catalyst for a change"}, {"start": "00:09:07", "end": "00:09:11", "text": "in terms of the assets that people pay"}, {"start": "00:09:09", "end": "00:09:14", "text": "with here because if you live in Europe,"}, {"start": "00:09:11", "end": "00:09:16", "text": "you're getting paid in euros. You think"}, {"start": "00:09:14", "end": "00:09:18", "text": "in euros, you're buying goods and"}, {"start": "00:09:16", "end": "00:09:20", "text": "services that are denominated in euros."}, {"start": "00:09:18", "end": "00:09:23", "text": "Actually, I think that those euro"}, {"start": "00:09:20", "end": "00:09:25", "text": "denominated coins or maybe more specific"}, {"start": "00:09:23", "end": "00:09:28", "text": "local currencies, Swiss Franks, Swedish"}, {"start": "00:09:25", "end": "00:09:30", "text": "crona, things like this um are actually"}, {"start": "00:09:28", "end": "00:09:32", "text": "going to be the the biggest driver for"}, {"start": "00:09:30", "end": "00:09:34", "text": "change in terms of assets this year."}, {"start": "00:09:32", "end": "00:09:36", "text": "Obviously, this is all happening right"}, {"start": "00:09:34", "end": "00:09:39", "text": "now on July 1st. So, we're literally"}, {"start": "00:09:36", "end": "00:09:42", "text": "going into this. Uh, at the same time,"}, {"start": "00:09:39", "end": "00:09:45", "text": "Circle has secured full compliance,"}, {"start": "00:09:42", "end": "00:09:47", "text": "which is USDC. So, when you think about"}, {"start": "00:09:45", "end": "00:09:51", "text": "that, just in your opinion, do you think"}, {"start": "00:09:47", "end": "00:09:53", "text": "this will be a basically a landslide for"}, {"start": "00:09:51", "end": "00:09:55", "text": "Circle and for USDC usage and we'll"}, {"start": "00:09:53", "end": "00:09:58", "text": "start to see more uh implementation of"}, {"start": "00:09:55", "end": "00:09:59", "text": "that? or back to your point, you're"}, {"start": "00:09:58", "end": "00:10:02", "text": "saying that maybe it's the European"}, {"start": "00:09:59", "end": "00:10:04", "text": "stable coins that could win this battle."}, {"start": "00:10:02", "end": "00:10:06", "text": "How do you think that plays out?"}, {"start": "00:10:04", "end": "00:10:08", "text": ">> Tether is still the predominant uh"}, {"start": "00:10:06", "end": "00:10:11", "text": "stable coin that's in use particularly"}, {"start": "00:10:08", "end": "00:10:13", "text": "across the Middle East, across Asia. Um"}, {"start": "00:10:11", "end": "00:10:17", "text": "and so, you know, whilst that's going to"}, {"start": "00:10:13", "end": "00:10:19", "text": "have an effect locally in in Europe, I"}, {"start": "00:10:17", "end": "00:10:22", "text": "don't think that it's going to be a"}, {"start": "00:10:19", "end": "00:10:24", "text": "massive driver uh globally for the the"}, {"start": "00:10:22", "end": "00:10:26", "text": "downfall of USDT. I think we're"}, {"start": "00:10:24", "end": "00:10:29", "text": "certainly going to see uptick in terms"}, {"start": "00:10:26", "end": "00:10:32", "text": "of euro denominated stable coins and"}, {"start": "00:10:29", "end": "00:10:34", "text": "other local stable coins but tether USDT"}, {"start": "00:10:32", "end": "00:10:37", "text": "still is that predominant coin that we"}, {"start": "00:10:34", "end": "00:10:40", "text": "see as an asset being used in Asia in"}, {"start": "00:10:37", "end": "00:10:43", "text": "Middle East um and I think tether is is"}, {"start": "00:10:40", "end": "00:10:45", "text": "is probably how knowing how innovative"}, {"start": "00:10:43", "end": "00:10:47", "text": "they are going to start thinking about"}, {"start": "00:10:45", "end": "00:10:49", "text": "other things to do as well."}, {"start": "00:10:47", "end": "00:10:53", "text": ">> Okay. Uh, I was not aware of this that"}, {"start": "00:10:49", "end": "00:10:55", "text": "only 196 projects out there, crypto"}, {"start": "00:10:53", "end": "00:10:57", "text": "companies that were basically got"}, {"start": "00:10:55", "end": "00:11:00", "text": "licensed out of the 3,000 companies that"}, {"start": "00:10:57", "end": "00:11:03", "text": "were registered in the EU. So, this is"}, {"start": "00:11:00", "end": "00:11:06", "text": "pretty aggressive. Do you think this is"}, {"start": "00:11:03", "end": "00:11:08", "text": "going to enable more innovation for the"}, {"start": "00:11:06", "end": "00:11:11", "text": "EU or do you think this really gets into"}, {"start": "00:11:08", "end": "00:11:14", "text": "a much more regulatory"}, {"start": "00:11:11", "end": "00:11:15", "text": "almost defense mechanisms of allowing"}, {"start": "00:11:14", "end": "00:11:18", "text": "innovation to make it into the EU"}, {"start": "00:11:15", "end": "00:11:19", "text": "because of these compliant requirements."}, {"start": "00:11:18", "end": "00:11:22", "text": ">> You know, I think when I when I look at"}, {"start": "00:11:19", "end": "00:11:25", "text": "MA, I think it's certainly not perfect."}, {"start": "00:11:22", "end": "00:11:27", "text": "Rarely does everybody agree that a piece"}, {"start": "00:11:25", "end": "00:11:30", "text": "of regulation is perfect. What it has"}, {"start": "00:11:27", "end": "00:11:32", "text": "done though over the last few years is"}, {"start": "00:11:30", "end": "00:11:34", "text": "give some clarity to companies and you"}, {"start": "00:11:32", "end": "00:11:36", "text": "know ultimately most companies want to"}, {"start": "00:11:34", "end": "00:11:38", "text": "be compliant if they need to be. They"}, {"start": "00:11:36", "end": "00:11:40", "text": "want to have very clear guidelines about"}, {"start": "00:11:38", "end": "00:11:42", "text": "what they do and don't need to do. Um"}, {"start": "00:11:40", "end": "00:11:44", "text": "that's I think been one of the reasons"}, {"start": "00:11:42", "end": "00:11:47", "text": "that Europe has been uh actually quite"}, {"start": "00:11:44", "end": "00:11:49", "text": "attractive for crypto companies over the"}, {"start": "00:11:47", "end": "00:11:51", "text": "last little while. Ultimately, there was"}, {"start": "00:11:49", "end": "00:11:53", "text": "a huge long tale of companies that's"}, {"start": "00:11:51", "end": "00:11:55", "text": "been established over the last 10 years"}, {"start": "00:11:53", "end": "00:11:57", "text": "in jurisdictions all around the world"}, {"start": "00:11:55", "end": "00:12:00", "text": "which don't meet compliance"}, {"start": "00:11:57", "end": "00:12:02", "text": "requirements. Um, and we will see those"}, {"start": "00:12:00", "end": "00:12:05", "text": "companies, you know, this purge that"}, {"start": "00:12:02", "end": "00:12:08", "text": "that that text or that tweet just"}, {"start": "00:12:05", "end": "00:12:10", "text": "mentioned. Um, but actually I think that"}, {"start": "00:12:08", "end": "00:12:12", "text": "Europe continues to be very attractive."}, {"start": "00:12:10", "end": "00:12:14", "text": "Um specifically there are some countries"}, {"start": "00:12:12", "end": "00:12:17", "text": "in Europe that are doing a lot to"}, {"start": "00:12:14", "end": "00:12:19", "text": "attract new business, new crypto uh"}, {"start": "00:12:17", "end": "00:12:22", "text": "companies to come there. Um we see the"}, {"start": "00:12:19", "end": "00:12:26", "text": "expansion of big US companies into the U"}, {"start": "00:12:22", "end": "00:12:28", "text": "into the into Europe um like Circle um"}, {"start": "00:12:26", "end": "00:12:31", "text": "you know really pushing pushing over"}, {"start": "00:12:28", "end": "00:12:32", "text": "here. Um so I think the Euro Europe is"}, {"start": "00:12:31", "end": "00:12:34", "text": "going to continue to be very attractive"}, {"start": "00:12:32", "end": "00:12:38", "text": "for crypto companies. So, you mentioned"}, {"start": "00:12:34", "end": "00:12:41", "text": "that you're working right now toward"}, {"start": "00:12:38", "end": "00:12:43", "text": "providing maybe a solution where Tether"}, {"start": "00:12:41", "end": "00:12:45", "text": "could still be used in a in a scenario"}, {"start": "00:12:43", "end": "00:12:47", "text": "where it's not compliant, but maybe the"}, {"start": "00:12:45", "end": "00:12:49", "text": "retailer doesn't even know that Tether"}, {"start": "00:12:47", "end": "00:12:51", "text": "is being used. It's being settled over"}, {"start": "00:12:49", "end": "00:12:55", "text": "in a Europe European stable coin or a"}, {"start": "00:12:51", "end": "00:12:57", "text": "USDC. You How close are you for that to"}, {"start": "00:12:55", "end": "00:12:59", "text": "actually become reality? Are you there"}, {"start": "00:12:57", "end": "00:13:01", "text": "now in terms of wallet connect? I"}, {"start": "00:12:59", "end": "00:13:02", "text": ">> I think we're going to have to see. So,"}, {"start": "00:13:01", "end": "00:13:05", "text": "with Wallet Connect, we're not"}, {"start": "00:13:02", "end": "00:13:07", "text": "regulated. we just provide technology to"}, {"start": "00:13:05", "end": "00:13:11", "text": "to our partners to facilitate these"}, {"start": "00:13:07", "end": "00:13:14", "text": "types of transactions. Um, today in most"}, {"start": "00:13:11", "end": "00:13:17", "text": "self-custodial wallets, there is swap"}, {"start": "00:13:14", "end": "00:13:19", "text": "functionality that runs through DeFi,"}, {"start": "00:13:17", "end": "00:13:22", "text": "i.e. it isn't going through a regulated"}, {"start": "00:13:19", "end": "00:13:25", "text": "exchange. It's happening purely onchain."}, {"start": "00:13:22", "end": "00:13:28", "text": "So, the ability to combine that type of"}, {"start": "00:13:25", "end": "00:13:29", "text": "technology as part of a payments flow um"}, {"start": "00:13:28", "end": "00:13:32", "text": "is something that we're able to"}, {"start": "00:13:29", "end": "00:13:35", "text": "facilitate. So we can enable a defy"}, {"start": "00:13:32", "end": "00:13:38", "text": "based swap and then a regular payment"}, {"start": "00:13:35", "end": "00:13:41", "text": "settlement as part of one transaction."}, {"start": "00:13:38", "end": "00:13:43", "text": "Um obviously that's going to be um up to"}, {"start": "00:13:41", "end": "00:13:46", "text": "our partners to decide whether or not"}, {"start": "00:13:43", "end": "00:13:48", "text": "they can get themselves and and their"}, {"start": "00:13:46", "end": "00:13:49", "text": "regulators comfortable with that. We"}, {"start": "00:13:48", "end": "00:13:51", "text": "spend a lot of time with with partners"}, {"start": "00:13:49", "end": "00:13:53", "text": "and with regulators around the world"}, {"start": "00:13:51", "end": "00:13:55", "text": "trying to help them to understand this"}, {"start": "00:13:53", "end": "00:13:57", "text": "especially when it comes to self-custody"}, {"start": "00:13:55", "end": "00:13:59", "text": "wallets which obviously behave slightly"}, {"start": "00:13:57", "end": "00:14:01", "text": "differently than than many others but"}, {"start": "00:13:59", "end": "00:14:04", "text": "still form the predominant part of our"}, {"start": "00:14:01", "end": "00:14:07", "text": "network. Um so I think we'll we'll have"}, {"start": "00:14:04", "end": "00:14:09", "text": "to see the technology is there. Um it's"}, {"start": "00:14:07", "end": "00:14:11", "text": "just whether we can we can use it in"}, {"start": "00:14:09", "end": "00:14:12", "text": "this use case that that still needs to"}, {"start": "00:14:11", "end": "00:14:14", "text": "be determined."}, {"start": "00:14:12", "end": "00:14:15", "text": ">> So what is the the business model for"}, {"start": "00:14:14", "end": "00:14:18", "text": "wallet connect? How do you guys make"}, {"start": "00:14:15", "end": "00:14:21", "text": "money? Are there fees attached to these?"}, {"start": "00:14:18", "end": "00:14:22", "text": "What what's the the process for you guys"}, {"start": "00:14:21", "end": "00:14:25", "text": "to take a cut here?"}, {"start": "00:14:22", "end": "00:14:28", "text": ">> So, at the core of Wallet Connect, we"}, {"start": "00:14:25", "end": "00:14:30", "text": "have this opensource network that is"}, {"start": "00:14:28", "end": "00:14:34", "text": "free for people to join and that's what"}, {"start": "00:14:30", "end": "00:14:38", "text": "hosts our 700 plus different wallets and"}, {"start": "00:14:34", "end": "00:14:40", "text": "our 80,000 plus uh applications that sit"}, {"start": "00:14:38", "end": "00:14:43", "text": "on that network. That's really important"}, {"start": "00:14:40", "end": "00:14:44", "text": "because it means that um that network is"}, {"start": "00:14:43", "end": "00:14:46", "text": "somewhere everyone can be. Whether"}, {"start": "00:14:44", "end": "00:14:48", "text": "you're a small application or a large"}, {"start": "00:14:46", "end": "00:14:51", "text": "application, you can get the benefit of"}, {"start": "00:14:48", "end": "00:14:52", "text": "that very wide wallet ecosystem. And"}, {"start": "00:14:51", "end": "00:14:54", "text": "that's a service that we're providing"}, {"start": "00:14:52", "end": "00:14:58", "text": "really to our wallets and to the"}, {"start": "00:14:54", "end": "00:15:00", "text": "ecosystem uh more broadly. On top of"}, {"start": "00:14:58", "end": "00:15:03", "text": "that network, we build specific products"}, {"start": "00:15:00", "end": "00:15:05", "text": "for specific use cases. And so, Wallet"}, {"start": "00:15:03", "end": "00:15:07", "text": "Connect Pay is one of those very"}, {"start": "00:15:05", "end": "00:15:09", "text": "specific products. It's an acceptance"}, {"start": "00:15:07", "end": "00:15:12", "text": "products aimed at payments companies to"}, {"start": "00:15:09", "end": "00:15:15", "text": "help them accept crypto payments. That's"}, {"start": "00:15:12", "end": "00:15:17", "text": "a product that we charge for. Similarly"}, {"start": "00:15:15", "end": "00:15:20", "text": "to some of our other products, we have"}, {"start": "00:15:17", "end": "00:15:22", "text": "toolkits that developers can use. Um we"}, {"start": "00:15:20", "end": "00:15:25", "text": "have a a series and a suite of products"}, {"start": "00:15:22", "end": "00:15:26", "text": "that are commercial that we build on on"}, {"start": "00:15:25", "end": "00:15:29", "text": "top of that network."}, {"start": "00:15:26", "end": "00:15:31", "text": ">> Okay. So can you share where the fees"}, {"start": "00:15:29", "end": "00:15:33", "text": "start and how those are integrated or is"}, {"start": "00:15:31", "end": "00:15:34", "text": "it a wide array depending on the"}, {"start": "00:15:33", "end": "00:15:38", "text": "application"}, {"start": "00:15:34", "end": "00:15:40", "text": ">> can be can be very very wide. So some of"}, {"start": "00:15:38", "end": "00:15:41", "text": "our some of our products look like a SAS"}, {"start": "00:15:40", "end": "00:15:45", "text": "model. They just have a monthly"}, {"start": "00:15:41", "end": "00:15:47", "text": "subscription. Um the the one tier starts"}, {"start": "00:15:45", "end": "00:15:49", "text": "at $79 a month for example if you're"}, {"start": "00:15:47", "end": "00:15:51", "text": "just building that. If you're at the"}, {"start": "00:15:49", "end": "00:15:54", "text": "other end of the spectrum and we're"}, {"start": "00:15:51", "end": "00:15:57", "text": "building end-to-end compliant"}, {"start": "00:15:54", "end": "00:15:59", "text": "uh stable coin payment flows with you,"}, {"start": "00:15:57", "end": "00:16:01", "text": "these are highly customized solutions."}, {"start": "00:15:59", "end": "00:16:03", "text": "They're taking in a lot of different"}, {"start": "00:16:01", "end": "00:16:04", "text": "components that's priced very"}, {"start": "00:16:03", "end": "00:16:06", "text": "differently. Um sometimes with"}, {"start": "00:16:04", "end": "00:16:08", "text": "transaction fees and and things like"}, {"start": "00:16:06", "end": "00:16:10", "text": "that included in them. So really varies"}, {"start": "00:16:08", "end": "00:16:12", "text": "depending on the the products that we're"}, {"start": "00:16:10", "end": "00:16:15", "text": "talking about. But our goal with"}, {"start": "00:16:12", "end": "00:16:17", "text": "payments specifically is to make sure"}, {"start": "00:16:15", "end": "00:16:19", "text": "that this can be cheaper than most of"}, {"start": "00:16:17", "end": "00:16:21", "text": "the payment methods that are out there"}, {"start": "00:16:19", "end": "00:16:23", "text": "today. Um I think it's really really"}, {"start": "00:16:21", "end": "00:16:25", "text": "important. There are still thousands"}, {"start": "00:16:23", "end": "00:16:28", "text": "hundreds millions of merchants around"}, {"start": "00:16:25", "end": "00:16:30", "text": "there who are operating on very thin"}, {"start": "00:16:28", "end": "00:16:33", "text": "margins and they're paying two, three,"}, {"start": "00:16:30", "end": "00:16:36", "text": "sometimes five or 8% for a crossber"}, {"start": "00:16:33", "end": "00:16:38", "text": "payment which really really impacts"}, {"start": "00:16:36", "end": "00:16:40", "text": "their bottom line. So as we came into"}, {"start": "00:16:38", "end": "00:16:43", "text": "this space to actually build more"}, {"start": "00:16:40", "end": "00:16:45", "text": "specific payments products, a big part"}, {"start": "00:16:43", "end": "00:16:48", "text": "of our goal there was to lower the cost"}, {"start": "00:16:45", "end": "00:16:52", "text": "of payments for merchants and take that"}, {"start": "00:16:48", "end": "00:16:55", "text": "2 or 3% for a payment down somewhere to"}, {"start": "00:16:52", "end": "00:16:56", "text": "you know 20 30 40 50 basis points"}, {"start": "00:16:55", "end": "00:16:58", "text": "depending on the flows and and"}, {"start": "00:16:56", "end": "00:17:01", "text": "everything that's needed. But to make it"}, {"start": "00:16:58", "end": "00:17:03", "text": "very meaningfully cheaper for the"}, {"start": "00:17:01", "end": "00:17:06", "text": "merchants that want to use this as an"}, {"start": "00:17:03", "end": "00:17:08", "text": "option. just how does this affect the"}, {"start": "00:17:06", "end": "00:17:10", "text": "merchant fees themselves? You're talking"}, {"start": "00:17:08", "end": "00:17:12", "text": "about crossber fees right here, but here"}, {"start": "00:17:10", "end": "00:17:15", "text": "in the US, well really around the world,"}, {"start": "00:17:12", "end": "00:17:17", "text": "you have merchant fees that mostly the"}, {"start": "00:17:15", "end": "00:17:19", "text": "major credit card companies extract from"}, {"start": "00:17:17", "end": "00:17:22", "text": "any transactions that go through their"}, {"start": "00:17:19", "end": "00:17:24", "text": "network. If you're circumventing that"}, {"start": "00:17:22", "end": "00:17:26", "text": "through a wallet connect payment via QR"}, {"start": "00:17:24", "end": "00:17:28", "text": "code and it's integrated into point of"}, {"start": "00:17:26", "end": "00:17:31", "text": "sale like in Genico or we see more"}, {"start": "00:17:28", "end": "00:17:34", "text": "advancements coming, would that give a"}, {"start": "00:17:31", "end": "00:17:36", "text": "retailer the ability to maybe reduce"}, {"start": "00:17:34", "end": "00:17:38", "text": "their fees overall or do you think"}, {"start": "00:17:36", "end": "00:17:39", "text": "there's going to be a scenario where"}, {"start": "00:17:38", "end": "00:17:42", "text": "some fees are going to be extracted"}, {"start": "00:17:39", "end": "00:17:44", "text": "still? No, that's the the goal with"}, {"start": "00:17:42", "end": "00:17:47", "text": "Wallet Connect Pay is that because it's"}, {"start": "00:17:44", "end": "00:17:49", "text": "fully on chain, we can really compress"}, {"start": "00:17:47", "end": "00:17:52", "text": "that pricing and we don't need a Visa or"}, {"start": "00:17:49", "end": "00:17:54", "text": "a Mastercard to be part of that flow."}, {"start": "00:17:52", "end": "00:17:56", "text": "The transaction effectively will work"}, {"start": "00:17:54", "end": "00:17:59", "text": "with any wallet on our network. um"}, {"start": "00:17:56", "end": "00:18:01", "text": "depending on things like off-ramp, some"}, {"start": "00:17:59", "end": "00:18:04", "text": "of the compliance processes, those"}, {"start": "00:18:01", "end": "00:18:06", "text": "variable costs that sit in that, but"}, {"start": "00:18:04", "end": "00:18:09", "text": "that's really that that like 50 60 basis"}, {"start": "00:18:06", "end": "00:18:12", "text": "points that we can get for a single"}, {"start": "00:18:09", "end": "00:18:13", "text": "transaction um to accommodate all of the"}, {"start": "00:18:12", "end": "00:18:16", "text": "partners in the flow, including for"}, {"start": "00:18:13", "end": "00:18:18", "text": "example the wallets. Um it it's going to"}, {"start": "00:18:16", "end": "00:18:20", "text": "bring that cost for the merchant"}, {"start": "00:18:18", "end": "00:18:22", "text": "drastically down from where it is today."}, {"start": "00:18:20", "end": "00:18:24", "text": ">> Yeah. And for some of our viewers and"}, {"start": "00:18:22", "end": "00:18:27", "text": "listeners, I mean, in some cases, you've"}, {"start": "00:18:24", "end": "00:18:29", "text": "got deals that are sweetheart deals of"}, {"start": "00:18:27", "end": "00:18:31", "text": "major retailers like a Walmart or maybe"}, {"start": "00:18:29", "end": "00:18:34", "text": "a Starbucks where they get under, you"}, {"start": "00:18:31", "end": "00:18:37", "text": "know, 100 bas under one point. Um, but"}, {"start": "00:18:34", "end": "00:18:40", "text": "most retailers are in the two to three"}, {"start": "00:18:37", "end": "00:18:41", "text": "range uh in terms of what they pay for"}, {"start": "00:18:40", "end": "00:18:44", "text": "merchant services. So, this would be"}, {"start": "00:18:41", "end": "00:18:47", "text": "significantly cheaper when you consider"}, {"start": "00:18:44", "end": "00:18:49", "text": "almost 100% of their sales are now going"}, {"start": "00:18:47", "end": "00:18:50", "text": "through some sort of electronic payment"}, {"start": "00:18:49", "end": "00:18:52", "text": "right now, whether it's a debit or"}, {"start": "00:18:50", "end": "00:18:55", "text": "credit. Uh, very little cash is being"}, {"start": "00:18:52", "end": "00:18:57", "text": "used. Which reminds me, what about tap"}, {"start": "00:18:55", "end": "00:19:00", "text": "to pay? That's very uh very highly used"}, {"start": "00:18:57", "end": "00:19:02", "text": "here in the United States. Uh, I even"}, {"start": "00:19:00", "end": "00:19:06", "text": "find myself now trying to find places"}, {"start": "00:19:02", "end": "00:19:07", "text": "that use Tap to Pay more often. Uh,"}, {"start": "00:19:06", "end": "00:19:09", "text": "because there's still a half places that"}, {"start": "00:19:07", "end": "00:19:11", "text": "don't have Tap to Pay."}, {"start": "00:19:09", "end": "00:19:13", "text": "What about tap to pay for you guys?"}, {"start": "00:19:11", "end": "00:19:16", "text": ">> Yeah, I it's funny. You know, most of"}, {"start": "00:19:13", "end": "00:19:18", "text": "the time I I leave my home in Europe"}, {"start": "00:19:16", "end": "00:19:21", "text": "now, I only ever take my mobile phone"}, {"start": "00:19:18", "end": "00:19:24", "text": "with me. I don't even take a card um"}, {"start": "00:19:21", "end": "00:19:27", "text": "because tap is is so predominant here."}, {"start": "00:19:24", "end": "00:19:29", "text": "Um and I think for us this is about"}, {"start": "00:19:27", "end": "00:19:31", "text": "meeting the consumer where they are. And"}, {"start": "00:19:29", "end": "00:19:33", "text": "what I mean by that is consumers um"}, {"start": "00:19:31", "end": "00:19:36", "text": "around the world are used to different"}, {"start": "00:19:33", "end": "00:19:39", "text": "payment forms. Some are used to a QR"}, {"start": "00:19:36", "end": "00:19:41", "text": "code, others, like me are now very used"}, {"start": "00:19:39", "end": "00:19:43", "text": "to just tapping my phone in order to"}, {"start": "00:19:41", "end": "00:19:45", "text": "make that payment. Um, and I think it's"}, {"start": "00:19:43", "end": "00:19:48", "text": "really important when we talk about"}, {"start": "00:19:45", "end": "00:19:50", "text": "change for consumers that there's a"}, {"start": "00:19:48", "end": "00:19:52", "text": "really low barrier for them to get"}, {"start": "00:19:50", "end": "00:19:54", "text": "started. This isn't about having to for"}, {"start": "00:19:52", "end": "00:19:56", "text": "them learning to go through a new"}, {"start": "00:19:54", "end": "00:19:58", "text": "process or do something that's"}, {"start": "00:19:56", "end": "00:20:01", "text": "unfamiliar. This has to be really,"}, {"start": "00:19:58", "end": "00:20:02", "text": "really easy for them because otherwise"}, {"start": "00:20:01", "end": "00:20:04", "text": "we're going to start to see drop off."}, {"start": "00:20:02", "end": "00:20:05", "text": "people are going to try and do"}, {"start": "00:20:04", "end": "00:20:07", "text": "something, it's not going to work for"}, {"start": "00:20:05", "end": "00:20:09", "text": "them, they're not going to like that."}, {"start": "00:20:07", "end": "00:20:11", "text": "That's even worse for the retailer"}, {"start": "00:20:09", "end": "00:20:14", "text": "because that transaction may never go"}, {"start": "00:20:11", "end": "00:20:17", "text": "through at all. So, closing that gap."}, {"start": "00:20:14", "end": "00:20:20", "text": "Um, and I talk often about this chasm"}, {"start": "00:20:17", "end": "00:20:22", "text": "between the web 2 payments experience,"}, {"start": "00:20:20", "end": "00:20:24", "text": "which we've all come to find very"}, {"start": "00:20:22", "end": "00:20:27", "text": "delightful and easy, and the crypto"}, {"start": "00:20:24", "end": "00:20:29", "text": "payments experience, which today is"}, {"start": "00:20:27", "end": "00:20:31", "text": "still not there. It's there are still"}, {"start": "00:20:29", "end": "00:20:33", "text": "problems. We're much better as an"}, {"start": "00:20:31", "end": "00:20:35", "text": "industry than we were two or three years"}, {"start": "00:20:33", "end": "00:20:37", "text": "ago. Um, but there are still a lot of"}, {"start": "00:20:35", "end": "00:20:39", "text": "solutions out there in the market where"}, {"start": "00:20:37", "end": "00:20:42", "text": "uh, you know, the person behind the"}, {"start": "00:20:39", "end": "00:20:44", "text": "counter needs to ask what chain the"}, {"start": "00:20:42", "end": "00:20:46", "text": "other person wants to pay with. All of"}, {"start": "00:20:44", "end": "00:20:48", "text": "these scenarios that add a lot of"}, {"start": "00:20:46", "end": "00:20:53", "text": "friction. So, our efforts to build"}, {"start": "00:20:48", "end": "00:20:54", "text": "things like tap to pay, better QR, uh,"}, {"start": "00:20:53", "end": "00:20:57", "text": "making sure that the all of the"}, {"start": "00:20:54", "end": "00:20:59", "text": "selection points happen in the wallet"}, {"start": "00:20:57", "end": "00:21:01", "text": "rather than on the device. uh making"}, {"start": "00:20:59", "end": "00:21:03", "text": "sure things are compliant. Every single"}, {"start": "00:21:01", "end": "00:21:05", "text": "thing we're doing there is about"}, {"start": "00:21:03", "end": "00:21:07", "text": "creating better user experiences which"}, {"start": "00:21:05", "end": "00:21:08", "text": "leads to higher conversion, better"}, {"start": "00:21:07", "end": "00:21:11", "text": "attention."}, {"start": "00:21:08", "end": "00:21:13", "text": ">> What about privacy? Anybody that's using"}, {"start": "00:21:11", "end": "00:21:15", "text": "cash, that's the ultimate privacy uh"}, {"start": "00:21:13", "end": "00:21:18", "text": "token out there if you want to call it"}, {"start": "00:21:15", "end": "00:21:20", "text": "that. Uh but if I look over on how it"}, {"start": "00:21:18", "end": "00:21:23", "text": "works with you guys, there is a bit of"}, {"start": "00:21:20", "end": "00:21:25", "text": "data that is connect collected I guess"}, {"start": "00:21:23", "end": "00:21:26", "text": "but it's mainly for mainly for the"}, {"start": "00:21:25", "end": "00:21:28", "text": "transaction. Is that right? Where it's"}, {"start": "00:21:26", "end": "00:21:31", "text": "going to the next person."}, {"start": "00:21:28", "end": "00:21:34", "text": ">> Yeah. So this example here is uh a"}, {"start": "00:21:31", "end": "00:21:36", "text": "payments that's set up um under European"}, {"start": "00:21:34", "end": "00:21:39", "text": "travel rule regulation and everywhere in"}, {"start": "00:21:36", "end": "00:21:42", "text": "the world has some variation of what"}, {"start": "00:21:39", "end": "00:21:44", "text": "type of information needs to be"}, {"start": "00:21:42", "end": "00:21:47", "text": "collected as part of a transaction that"}, {"start": "00:21:44", "end": "00:21:49", "text": "might vary if the transaction is lower"}, {"start": "00:21:47", "end": "00:21:50", "text": "than a certain amount. In some countries"}, {"start": "00:21:49", "end": "00:21:53", "text": "you don't need to collect any"}, {"start": "00:21:50", "end": "00:21:56", "text": "information. If the transaction is, you"}, {"start": "00:21:53", "end": "00:21:58", "text": "know, over a thousand dollars in in a"}, {"start": "00:21:56", "end": "00:22:00", "text": "jurisdiction, maybe they want these"}, {"start": "00:21:58", "end": "00:22:03", "text": "three or four pieces of of information"}, {"start": "00:22:00", "end": "00:22:06", "text": "to be collected in order to make that"}, {"start": "00:22:03", "end": "00:22:09", "text": "payment compliant. So, our solution"}, {"start": "00:22:06", "end": "00:22:12", "text": "enables the the regulated party i.e. the"}, {"start": "00:22:09", "end": "00:22:14", "text": "payments company that is processing this"}, {"start": "00:22:12", "end": "00:22:17", "text": "transaction to collect that information"}, {"start": "00:22:14", "end": "00:22:19", "text": "from the end user again in a very secure"}, {"start": "00:22:17", "end": "00:22:21", "text": "way. It's going through encrypted"}, {"start": "00:22:19", "end": "00:22:24", "text": "channels etc. and that is purely being"}, {"start": "00:22:21", "end": "00:22:26", "text": "used for compliance purposes to make"}, {"start": "00:22:24", "end": "00:22:29", "text": "sure that that payment is is legitimate"}, {"start": "00:22:26", "end": "00:22:31", "text": "and compliant. Um, privacy more broadly"}, {"start": "00:22:29", "end": "00:22:33", "text": "on blockchains we know is very"}, {"start": "00:22:31", "end": "00:22:35", "text": "challenging because blockchains"}, {"start": "00:22:33", "end": "00:22:38", "text": "themselves or most of the blockchains"}, {"start": "00:22:35", "end": "00:22:40", "text": "out there don't support native privacy."}, {"start": "00:22:38", "end": "00:22:44", "text": "Um, you can look up a transaction on"}, {"start": "00:22:40", "end": "00:22:47", "text": "chain. There are design elements in our"}, {"start": "00:22:44", "end": "00:22:50", "text": "system that help to keep uh you know the"}, {"start": "00:22:47", "end": "00:22:53", "text": "the users information and the merchants"}, {"start": "00:22:50", "end": "00:22:55", "text": "onchain information private. But we're"}, {"start": "00:22:53", "end": "00:22:57", "text": "also seeing a lot of developments in the"}, {"start": "00:22:55", "end": "00:22:59", "text": "industry in this space. Increasingly"}, {"start": "00:22:57", "end": "00:23:02", "text": "there are privacy chains, privacy"}, {"start": "00:22:59", "end": "00:23:04", "text": "solutions that are out there um that"}, {"start": "00:23:02", "end": "00:23:07", "text": "will be an important part of how crypto"}, {"start": "00:23:04", "end": "00:23:08", "text": "payments scale. I I think that's going"}, {"start": "00:23:07", "end": "00:23:10", "text": "to be one of the critical things that"}, {"start": "00:23:08", "end": "00:23:12", "text": "crypto is going to have to get right for"}, {"start": "00:23:10", "end": "00:23:16", "text": "scale is uh getting into the layer of"}, {"start": "00:23:12", "end": "00:23:17", "text": "privacy. Um speaking of regulation that"}, {"start": "00:23:16", "end": "00:23:20", "text": "could correlate to this, at least here"}, {"start": "00:23:17", "end": "00:23:22", "text": "in the United States, the Clarity Act is"}, {"start": "00:23:20", "end": "00:23:23", "text": "now on the verge of either getting"}, {"start": "00:23:22", "end": "00:23:25", "text": "through or getting stalled. We don't"}, {"start": "00:23:23", "end": "00:23:28", "text": "know just yet, but there are some things"}, {"start": "00:23:25", "end": "00:23:30", "text": "that are critical right now. Uh Eleanor"}, {"start": "00:23:28", "end": "00:23:32", "text": "is reporting here that it looks like"}, {"start": "00:23:30", "end": "00:23:33", "text": "it's logistically impossible. Remember"}, {"start": "00:23:32", "end": "00:23:36", "text": "guys, this has to only go through the"}, {"start": "00:23:33", "end": "00:23:38", "text": "Senate. And if you look at the dates on"}, {"start": "00:23:36", "end": "00:23:40", "text": "this right now, uh we've got a little"}, {"start": "00:23:38", "end": "00:23:44", "text": "bit of time still left before we go into"}, {"start": "00:23:40", "end": "00:23:46", "text": "that July 4th target zone, uh which is"}, {"start": "00:23:44", "end": "00:23:47", "text": "what is being looked at. The color"}, {"start": "00:23:46", "end": "00:23:50", "text": "coding there, just so you know, both"}, {"start": "00:23:47", "end": "00:23:52", "text": "chambers in session on yellow, Senate"}, {"start": "00:23:50", "end": "00:23:54", "text": "only in session in blue, and then the"}, {"start": "00:23:52", "end": "00:23:56", "text": "House only. So you've got a few days"}, {"start": "00:23:54", "end": "00:23:59", "text": "here, end of June that still would give"}, {"start": "00:23:56", "end": "00:24:01", "text": "us a window. Reason I say that, Jess,"}, {"start": "00:23:59", "end": "00:24:03", "text": "how would this affect you guys? How"}, {"start": "00:24:01", "end": "00:24:04", "text": "would this affect Wallet Connect if"}, {"start": "00:24:03", "end": "00:24:05", "text": "clarity goes through or doesn't go"}, {"start": "00:24:04", "end": "00:24:07", "text": "through?"}, {"start": "00:24:05", "end": "00:24:10", "text": ">> So, I think the biggest thing that we're"}, {"start": "00:24:07", "end": "00:24:13", "text": "seeing here is clarity literally for our"}, {"start": "00:24:10", "end": "00:24:16", "text": "partners. Um whether that's a payments"}, {"start": "00:24:13", "end": "00:24:19", "text": "company, a tokenized equity company, um"}, {"start": "00:24:16", "end": "00:24:22", "text": "the banks that we work with, all of them"}, {"start": "00:24:19", "end": "00:24:25", "text": "are really looking for um clarity."}, {"start": "00:24:22", "end": "00:24:27", "text": "They're looking to understand the stable"}, {"start": "00:24:25", "end": "00:24:30", "text": "coins, the assets, chains, everything"}, {"start": "00:24:27", "end": "00:24:31", "text": "that they can use in order to to build"}, {"start": "00:24:30", "end": "00:24:33", "text": "these solutions. And many of these"}, {"start": "00:24:31", "end": "00:24:36", "text": "institutions have been looking at this"}, {"start": "00:24:33", "end": "00:24:38", "text": "space for a very long time. Genius Act"}, {"start": "00:24:36", "end": "00:24:40", "text": "obviously provided a huge catalyst for"}, {"start": "00:24:38", "end": "00:24:42", "text": "people to take some of those plans off"}, {"start": "00:24:40", "end": "00:24:45", "text": "of the shelves and put them into"}, {"start": "00:24:42", "end": "00:24:48", "text": "practice and Clarity will ultimately do"}, {"start": "00:24:45", "end": "00:24:50", "text": "the same. Um I think there's uh enormous"}, {"start": "00:24:48", "end": "00:24:52", "text": "hope across the industry that this is"}, {"start": "00:24:50", "end": "00:24:54", "text": "going to get there in the next couple of"}, {"start": "00:24:52", "end": "00:24:55", "text": "weeks. Um because ultimately that's"}, {"start": "00:24:54", "end": "00:24:58", "text": "going to allow everybody to keep"}, {"start": "00:24:55", "end": "00:25:00", "text": "innovating uh with great confidence and"}, {"start": "00:24:58", "end": "00:25:03", "text": "ultimately deliver the benefits of this"}, {"start": "00:25:00", "end": "00:25:06", "text": "technology like lowerc cost payments uh"}, {"start": "00:25:03", "end": "00:25:07", "text": "faster settlement or anything else to to"}, {"start": "00:25:06", "end": "00:25:10", "text": "the people that need it."}, {"start": "00:25:07", "end": "00:25:12", "text": ">> Do you have an odds bet on this one? Do"}, {"start": "00:25:10", "end": "00:25:14", "text": "are you are you leaning more positively"}, {"start": "00:25:12", "end": "00:25:16", "text": "uh on the side of it's going through or"}, {"start": "00:25:14", "end": "00:25:20", "text": "are you more skeptical? I'm not a"}, {"start": "00:25:16", "end": "00:25:22", "text": "betting woman, but um I'm gonna say I I"}, {"start": "00:25:20", "end": "00:25:24", "text": "certainly have uh the optimist in me"}, {"start": "00:25:22", "end": "00:25:26", "text": "thinks it's likely that we get there."}, {"start": "00:25:24", "end": "00:25:27", "text": ">> All right, there you go. All right."}, {"start": "00:25:26", "end": "00:25:29", "text": "Well, Jess, we're going to go to our"}, {"start": "00:25:27", "end": "00:25:31", "text": "lightning round with you just to get"}, {"start": "00:25:29", "end": "00:25:34", "text": "some insights on where you think some of"}, {"start": "00:25:31", "end": "00:25:36", "text": "this could be going. My first one is is"}, {"start": "00:25:34", "end": "00:25:38", "text": "kind of a dystopian idea, and that is"}, {"start": "00:25:36", "end": "00:25:41", "text": "what if Wallet Connect failed for a full"}, {"start": "00:25:38", "end": "00:25:42", "text": "week? What would that look like for the"}, {"start": "00:25:41", "end": "00:25:44", "text": "entire crypto market? Would it collapse,"}, {"start": "00:25:42", "end": "00:25:47", "text": "do you think, or do you think I mean,"}, {"start": "00:25:44", "end": "00:25:49", "text": "you guys are in everything I know of"}, {"start": "00:25:47", "end": "00:25:51", "text": "that I'm out there on crypto with?"}, {"start": "00:25:49", "end": "00:25:54", "text": ">> We certainly touch an awful lot of the"}, {"start": "00:25:51", "end": "00:25:57", "text": "market. Last year, we moved about $400"}, {"start": "00:25:54", "end": "00:25:59", "text": "billion, um, across institutional and"}, {"start": "00:25:57", "end": "00:26:03", "text": "retail use cases. So, I think it would"}, {"start": "00:25:59", "end": "00:26:05", "text": "be pretty bad. Um, uh, would it entirely"}, {"start": "00:26:03", "end": "00:26:08", "text": "collapse? Uh,"}, {"start": "00:26:05", "end": "00:26:10", "text": ">> hopefully not. Um but uh but certainly"}, {"start": "00:26:08", "end": "00:26:11", "text": "something we we work to make sure isn't"}, {"start": "00:26:10", "end": "00:26:13", "text": "going to be the case."}, {"start": "00:26:11", "end": "00:26:14", "text": ">> Yeah, I think it would be pretty bad,"}, {"start": "00:26:13", "end": "00:26:16", "text": "too. So, I'm with you on that one."}, {"start": "00:26:14", "end": "00:26:18", "text": "Wallet Connect login is more user"}, {"start": "00:26:16", "end": "00:26:20", "text": "friendly than the login with Google"}, {"start": "00:26:18", "end": "00:26:22", "text": ">> or even with PayPal buttons."}, {"start": "00:26:20", "end": "00:26:24", "text": ">> I'm going to agree there. And I'm going"}, {"start": "00:26:22", "end": "00:26:25", "text": "to agree because we work with the wallet"}, {"start": "00:26:24", "end": "00:26:28", "text": "that you already use. You don't need to"}, {"start": "00:26:25", "end": "00:26:30", "text": "go setting up new things. We we are"}, {"start": "00:26:28", "end": "00:26:31", "text": "native in the applications that you"}, {"start": "00:26:30", "end": "00:26:33", "text": "already choose."}, {"start": "00:26:31", "end": "00:26:35", "text": ">> It's lightning fast, too. And I like the"}, {"start": "00:26:33", "end": "00:26:37", "text": "fact that it doesn't go through a lot of"}, {"start": "00:26:35", "end": "00:26:39", "text": "uh requirements, two-factor"}, {"start": "00:26:37", "end": "00:26:40", "text": "authentication because you've already"}, {"start": "00:26:39", "end": "00:26:42", "text": "done that with obviously with the"}, {"start": "00:26:40", "end": "00:26:45", "text": "blockchain. Uh so that's much more"}, {"start": "00:26:42", "end": "00:26:46", "text": "efficient. Less than a half a percent"}, {"start": "00:26:45", "end": "00:26:49", "text": "fee transactions between merchants,"}, {"start": "00:26:46", "end": "00:26:53", "text": "customers, and DAPs will never happen."}, {"start": "00:26:49", "end": "00:26:56", "text": "You mentioned though that you said um it"}, {"start": "00:26:53", "end": "00:26:58", "text": "would be around 50 basis points. So"}, {"start": "00:26:56", "end": "00:26:59", "text": "you're saying that that's where the fees"}, {"start": "00:26:58", "end": "00:27:01", "text": "would probably land or No,"}, {"start": "00:26:59", "end": "00:27:02", "text": ">> definitely false. We're going to get it"}, {"start": "00:27:01", "end": "00:27:05", "text": "lower than that for sure over time."}, {"start": "00:27:02", "end": "00:27:07", "text": ">> Lower than that. Okay, very nice. Good"}, {"start": "00:27:05", "end": "00:27:09", "text": "to hear. Stable coins ultimately a"}, {"start": "00:27:07", "end": "00:27:10", "text": "threat to credit cards and debit cards,"}, {"start": "00:27:09", "end": "00:27:11", "text": "just cards in general. What do you"}, {"start": "00:27:10", "end": "00:27:12", "text": "think?"}, {"start": "00:27:11", "end": "00:27:14", "text": ">> You know, I sit on the fence there. I"}, {"start": "00:27:12", "end": "00:27:16", "text": "think certainly the card companies are"}, {"start": "00:27:14", "end": "00:27:19", "text": "having to evolve a lot and change their"}, {"start": "00:27:16", "end": "00:27:21", "text": "own business models and the technologies"}, {"start": "00:27:19", "end": "00:27:23", "text": "that they are using, but these are very"}, {"start": "00:27:21", "end": "00:27:25", "text": "smart organizations and and ultimately I"}, {"start": "00:27:23", "end": "00:27:27", "text": "think it's a great sign that they're"}, {"start": "00:27:25", "end": "00:27:30", "text": "leaning so heavily into this space. Have"}, {"start": "00:27:27", "end": "00:27:33", "text": "you seen the growth on crypto cards over"}, {"start": "00:27:30", "end": "00:27:35", "text": "the past six months? It seems like it is"}, {"start": "00:27:33", "end": "00:27:36", "text": "literally a bell curve straight up. And"}, {"start": "00:27:35", "end": "00:27:37", "text": "these are not credit cards. In most"}, {"start": "00:27:36", "end": "00:27:39", "text": "cases, they're like a debit card, but"}, {"start": "00:27:37", "end": "00:27:41", "text": "they give you access to your full wallet"}, {"start": "00:27:39", "end": "00:27:43", "text": "funds. And now they're coming up with"}, {"start": "00:27:41", "end": "00:27:46", "text": "all sorts of very innovative ways for"}, {"start": "00:27:43", "end": "00:27:48", "text": "you to actually almost have a pseudo"}, {"start": "00:27:46", "end": "00:27:50", "text": "credit element uh tied to this. Do you"}, {"start": "00:27:48", "end": "00:27:53", "text": "think that will force the banks to kind"}, {"start": "00:27:50", "end": "00:27:56", "text": "of come up with more creative ways to"}, {"start": "00:27:53", "end": "00:27:58", "text": "use uh cards like this? The numbers on"}, {"start": "00:27:56", "end": "00:28:01", "text": "stable coin cards are the ultimate"}, {"start": "00:27:58", "end": "00:28:04", "text": "indicator that end users want to hold"}, {"start": "00:28:01", "end": "00:28:07", "text": "and spend crypto and that is fantastic."}, {"start": "00:28:04", "end": "00:28:10", "text": "Um what they don't deliver today is any"}, {"start": "00:28:07", "end": "00:28:12", "text": "benefits for those merchants in terms of"}, {"start": "00:28:10", "end": "00:28:15", "text": "settlement times and fees. So that's"}, {"start": "00:28:12", "end": "00:28:18", "text": "where I think ultimately this is a an"}, {"start": "00:28:15", "end": "00:28:20", "text": "intermediary measure where over the"}, {"start": "00:28:18", "end": "00:28:23", "text": "longer run as more of the value chain as"}, {"start": "00:28:20", "end": "00:28:25", "text": "more of the stack moves onchain we can"}, {"start": "00:28:23", "end": "00:28:27", "text": "keep the entire payment on chain get"}, {"start": "00:28:25", "end": "00:28:29", "text": "those fees down get that settlement"}, {"start": "00:28:27", "end": "00:28:32", "text": "faster but the the numbers that we see"}, {"start": "00:28:29", "end": "00:28:34", "text": "against those cards are great confidence"}, {"start": "00:28:32", "end": "00:28:36", "text": "for anybody building in this space."}, {"start": "00:28:34", "end": "00:28:38", "text": "Yeah, I'm surprised we haven't seen"}, {"start": "00:28:36", "end": "00:28:42", "text": "major advancements from both Circle,"}, {"start": "00:28:38", "end": "00:28:44", "text": "Tether, Paxos, PayPal, you name it. All"}, {"start": "00:28:42", "end": "00:28:47", "text": "the stable coin companies out there to"}, {"start": "00:28:44", "end": "00:28:49", "text": "really incentivize the retailers to try"}, {"start": "00:28:47", "end": "00:28:50", "text": "to do something with these, you know,"}, {"start": "00:28:49", "end": "00:28:52", "text": "more efficiently. And this would be one"}, {"start": "00:28:50", "end": "00:28:54", "text": "of the gateways obviously with what you"}, {"start": "00:28:52", "end": "00:28:56", "text": "guys are doing. So interesting."}, {"start": "00:28:54", "end": "00:28:58", "text": "Merchants will never be able to out"}, {"start": "00:28:56", "end": "00:29:01", "text": "incentivize, speaking of that, out"}, {"start": "00:28:58", "end": "00:29:02", "text": "incentivize credit card rewards for"}, {"start": "00:29:01", "end": "00:29:06", "text": "users. They'd rather pocket the extra"}, {"start": "00:29:02", "end": "00:29:08", "text": "two. I think false there. Um, and I say"}, {"start": "00:29:06", "end": "00:29:10", "text": "that because actually user incentives"}, {"start": "00:29:08", "end": "00:29:11", "text": "are really, really important and"}, {"start": "00:29:10", "end": "00:29:13", "text": "something that we're working closely on"}, {"start": "00:29:11", "end": "00:29:15", "text": "with a bunch of partners. You can"}, {"start": "00:29:13", "end": "00:29:17", "text": "imagine a world pool where you go to buy"}, {"start": "00:29:15", "end": "00:29:21", "text": "your coffee and you get an offer in your"}, {"start": "00:29:17", "end": "00:29:25", "text": "wallet that says pay with coin X on"}, {"start": "00:29:21", "end": "00:29:26", "text": "Chain Y, get an extra 3% cash back. Um,"}, {"start": "00:29:25", "end": "00:29:28", "text": "these are really meaningful when it"}, {"start": "00:29:26", "end": "00:29:30", "text": "comes to consumer behavior and they're"}, {"start": "00:29:28", "end": "00:29:31", "text": "definitely top of mind for people"}, {"start": "00:29:30", "end": "00:29:33", "text": "working in this space at the moment."}, {"start": "00:29:31", "end": "00:29:35", "text": ">> Hey, listen. I would do it. I would I'd"}, {"start": "00:29:33", "end": "00:29:36", "text": "go that route if I could see those kind"}, {"start": "00:29:35", "end": "00:29:38", "text": "of cashback rewards if especially if it"}, {"start": "00:29:36", "end": "00:29:40", "text": "gets competitive with something like"}, {"start": "00:29:38", "end": "00:29:42", "text": "Amazon who's been kind of the king of"}, {"start": "00:29:40", "end": "00:29:44", "text": "cash back and rewards when it comes to"}, {"start": "00:29:42", "end": "00:29:46", "text": "credit card wallet connect growth is"}, {"start": "00:29:44", "end": "00:29:49", "text": "more tied to self-custody growth than it"}, {"start": "00:29:46", "end": "00:29:51", "text": "is to stable coin growth. Do you agree?"}, {"start": "00:29:49", "end": "00:29:54", "text": ">> I disagree there. Um the main reason"}, {"start": "00:29:51", "end": "00:29:56", "text": "because the wallet connect network um is"}, {"start": "00:29:54", "end": "00:29:58", "text": "pretty agnostic to what type of custody"}, {"start": "00:29:56", "end": "00:30:00", "text": "you use. We have a lot of custodians on"}, {"start": "00:29:58", "end": "00:30:03", "text": "the network. We have a lot more banks"}, {"start": "00:30:00", "end": "00:30:05", "text": "and neo banks joining the network. These"}, {"start": "00:30:03", "end": "00:30:07", "text": "are entities that are issuing stable"}, {"start": "00:30:05", "end": "00:30:09", "text": "coin wallets to their end users. They"}, {"start": "00:30:07", "end": "00:30:11", "text": "want to provide that same functionality"}, {"start": "00:30:09", "end": "00:30:12", "text": "letting them pay. So really not about"}, {"start": "00:30:11", "end": "00:30:14", "text": "the key management but but about the"}, {"start": "00:30:12", "end": "00:30:18", "text": "fact that they're holding stable coins."}, {"start": "00:30:14", "end": "00:30:19", "text": ">> Interesting. Okay. Wallet connect should"}, {"start": "00:30:18", "end": "00:30:21", "text": "launch their own point of sale."}, {"start": "00:30:19", "end": "00:30:23", "text": ">> We will not be moving into the hardware"}, {"start": "00:30:21", "end": "00:30:25", "text": "space anytime soon."}, {"start": "00:30:23", "end": "00:30:27", "text": ">> I don't blame you. That is a mess. I"}, {"start": "00:30:25", "end": "00:30:29", "text": "would say absolutely not. It is an"}, {"start": "00:30:27", "end": "00:30:31", "text": "absolute mess. I totally agree with that"}, {"start": "00:30:29", "end": "00:30:33", "text": "one. Wallet Connect became an industry"}, {"start": "00:30:31", "end": "00:30:37", "text": "standard before a clear monetization"}, {"start": "00:30:33", "end": "00:30:39", "text": "model was established for WCT. Can you"}, {"start": "00:30:37", "end": "00:30:42", "text": "explain a little bit more about uh WCT?"}, {"start": "00:30:39", "end": "00:30:45", "text": ">> Yeah, WCT is our native token for the"}, {"start": "00:30:42", "end": "00:30:47", "text": "wallet connect network. This is used for"}, {"start": "00:30:45", "end": "00:30:49", "text": "governance. Uh it's used for incentives."}, {"start": "00:30:47", "end": "00:30:50", "text": "We just talked about cashback actually"}, {"start": "00:30:49", "end": "00:30:54", "text": "and if people are paying with wallet"}, {"start": "00:30:50", "end": "00:30:56", "text": "connect pay, they can earn WCT as cash"}, {"start": "00:30:54", "end": "00:31:00", "text": "back. Um we were an industry standard"}, {"start": "00:30:56", "end": "00:31:03", "text": "from 2018 when we first started. Um and"}, {"start": "00:31:00", "end": "00:31:05", "text": "the token gives us a lot of uh a lot of"}, {"start": "00:31:03", "end": "00:31:08", "text": "value. It gives us a lot of um the"}, {"start": "00:31:05", "end": "00:31:10", "text": "ability to try new things to create new"}, {"start": "00:31:08", "end": "00:31:12", "text": "incentive models, but the core of the"}, {"start": "00:31:10", "end": "00:31:15", "text": "wallet connect network is as it always"}, {"start": "00:31:12", "end": "00:31:17", "text": "has been free to for people to use and"}, {"start": "00:31:15", "end": "00:31:20", "text": "that's really where the value sits. So"}, {"start": "00:31:17", "end": "00:31:21", "text": "for me WCT is is great. the the fact"}, {"start": "00:31:20", "end": "00:31:23", "text": "that the industry standard was there"}, {"start": "00:31:21", "end": "00:31:26", "text": "before the full monetization model was"}, {"start": "00:31:23", "end": "00:31:27", "text": "there is definitely not a problem. Um,"}, {"start": "00:31:26", "end": "00:31:30", "text": "and we continue to see a lot of"}, {"start": "00:31:27", "end": "00:31:31", "text": "opportunity to use the token uh to to"}, {"start": "00:31:30", "end": "00:31:33", "text": "help drive incentives."}, {"start": "00:31:31", "end": "00:31:35", "text": ">> Let's go into this one right here. Uh,"}, {"start": "00:31:33", "end": "00:31:37", "text": "wallet connect's addressable market is"}, {"start": "00:31:35", "end": "00:31:38", "text": "capped at humans. But what about"}, {"start": "00:31:37", "end": "00:31:40", "text": "Agentic?"}, {"start": "00:31:38", "end": "00:31:43", "text": ">> We certainly do. We actually have a"}, {"start": "00:31:40", "end": "00:31:46", "text": "wallet connect agentic SDK that allows"}, {"start": "00:31:43", "end": "00:31:48", "text": "an agent to use your own crypto wallet."}, {"start": "00:31:46", "end": "00:31:51", "text": "One of the big issues today for agent"}, {"start": "00:31:48", "end": "00:31:52", "text": "agentic payments uh using stable coins"}, {"start": "00:31:51", "end": "00:31:55", "text": "is you've either got to give your"}, {"start": "00:31:52", "end": "00:31:57", "text": "private key to an agent which is pretty"}, {"start": "00:31:55", "end": "00:31:59", "text": "risky or you have to set them up with"}, {"start": "00:31:57", "end": "00:32:01", "text": "their own wallet. So then you're going"}, {"start": "00:31:59", "end": "00:32:03", "text": "to have 25 different agents with 25"}, {"start": "00:32:01", "end": "00:32:06", "text": "different pockets of stable coins. With"}, {"start": "00:32:03", "end": "00:32:08", "text": "the wallet connectic SDK which is"}, {"start": "00:32:06", "end": "00:32:11", "text": "compatible with things like UCP and and"}, {"start": "00:32:08", "end": "00:32:12", "text": "402 they can use your existing wallet."}, {"start": "00:32:11", "end": "00:32:13", "text": "You can delegate some of those"}, {"start": "00:32:12", "end": "00:32:15", "text": "permissions. You don't need to start"}, {"start": "00:32:13", "end": "00:32:17", "text": "moving funds around or sharing private"}, {"start": "00:32:15", "end": "00:32:18", "text": "keys. That'll be nice. How How long"}, {"start": "00:32:17", "end": "00:32:20", "text": "before that's going to be available? You"}, {"start": "00:32:18", "end": "00:32:22", "text": "say it's available now or coming soon."}, {"start": "00:32:20", "end": "00:32:22", "text": ">> It's available now. You can build with"}, {"start": "00:32:22", "end": "00:32:24", "text": "it."}, {"start": "00:32:22", "end": "00:32:27", "text": ">> Awesome. Okay, last one right here. How"}, {"start": "00:32:24", "end": "00:32:29", "text": "long until you think uh log into Netflix"}, {"start": "00:32:27", "end": "00:32:34", "text": "or Walmart, Xbox using Wallet Connect?"}, {"start": "00:32:29", "end": "00:32:36", "text": "What do you think? Not in my lifetime."}, {"start": "00:32:34", "end": "00:32:38", "text": ">> I hope these two things are mutually"}, {"start": "00:32:36", "end": "00:32:38", "text": "exclusive because you've got a time"}, {"start": "00:32:38", "end": "00:32:40", "text": "limit there."}, {"start": "00:32:38", "end": "00:32:41", "text": ">> That's what my is what my crew is"}, {"start": "00:32:40", "end": "00:32:44", "text": "telling me there. Paul's, you know, he's"}, {"start": "00:32:41", "end": "00:32:46", "text": "like, \"Yeah, I I see you guys. I guess"}, {"start": "00:32:44", "end": "00:32:48", "text": ">> I guess I guess for this I'm going to be"}, {"start": "00:32:46", "end": "00:32:49", "text": "optimistic. I'm going to say maybe less"}, {"start": "00:32:48", "end": "00:32:51", "text": "than three years."}, {"start": "00:32:49", "end": "00:32:54", "text": ">> Geez. I'm I'm hoping that it's less than"}, {"start": "00:32:51", "end": "00:32:56", "text": "three years now."}, {"start": "00:32:54", "end": "00:32:58", "text": ">> That's for sure. Uh listen, Jess, this"}, {"start": "00:32:56", "end": "00:32:59", "text": "has been fun. Thank you so much for"}, {"start": "00:32:58", "end": "00:33:00", "text": "coming in today. We've learned a lot"}, {"start": "00:32:59", "end": "00:33:02", "text": "more about what's happening in the"}, {"start": "00:33:00", "end": "00:33:05", "text": "wallet space and and really kind of the"}, {"start": "00:33:02", "end": "00:33:07", "text": "connection I think that starts to bridge"}, {"start": "00:33:05", "end": "00:33:09", "text": "the gap of crypto and regular people"}, {"start": "00:33:07", "end": "00:33:11", "text": "because this is something that a lot of"}, {"start": "00:33:09", "end": "00:33:13", "text": "people are going to be using whether"}, {"start": "00:33:11", "end": "00:33:14", "text": "they know it or not in the next few"}, {"start": "00:33:13", "end": "00:33:15", "text": "years. So, thanks for coming in today."}, {"start": "00:33:14", "end": "00:33:19", "text": "We appreciate it."}, {"start": "00:33:15", "end": "00:33:19", "text": ">> Thank you for having me."}, {"start": "00:33:23", "end": "00:33:27", "text": ">> If you like this video, hit like and"}, {"start": "00:33:25", "end": "00:33:30", "text": "subscribe. Drop a comment down below and"}, {"start": "00:33:27", "end": "00:33:33", "text": "also join our free private member group."}, {"start": "00:33:30", "end": "00:33:33", "text": "The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "is money starting to flow in and the"}, {"start": "00:00:02", "end": "00:00:06", "text": "deals are starting to change up"}, {"start": "00:00:04", "end": "00:00:07", "text": "everything in the market. We'll talk"}, {"start": "00:00:06", "end": "00:00:09", "text": "about that today. Let's get started. I"}, {"start": "00:00:07", "end": "00:00:11", "text": "want to thank our sponsor today and that"}, {"start": "00:00:09", "end": "00:00:14", "text": "is uphold. We've all been there."}, {"start": "00:00:11", "end": "00:00:16", "text": "Expenses pop up right when the market's"}, {"start": "00:00:14", "end": "00:00:18", "text": "starting to heat up. It's not the right"}, {"start": "00:00:16", "end": "00:00:20", "text": "time to sell. The last thing you want to"}, {"start": "00:00:18", "end": "00:00:23", "text": "do is sell your Bitcoin, your Ethereum,"}, {"start": "00:00:20", "end": "00:00:25", "text": "your XRP, or even your stable coin USDC."}, {"start": "00:00:23", "end": "00:00:28", "text": "This is exactly why Uphold launched the"}, {"start": "00:00:25", "end": "00:00:30", "text": "EXA credit card. When I found out about"}, {"start": "00:00:28", "end": "00:00:32", "text": "this, I was blown away. It's an instant"}, {"start": "00:00:30", "end": "00:00:34", "text": "line of credit that lets you borrow"}, {"start": "00:00:32", "end": "00:00:36", "text": "against your crypto without having to"}, {"start": "00:00:34", "end": "00:00:39", "text": "sell. All you have to do is just use"}, {"start": "00:00:36", "end": "00:00:41", "text": "your assets as collateral and spend it"}, {"start": "00:00:39", "end": "00:00:43", "text": "worldwide using a virtual Visa card."}, {"start": "00:00:41", "end": "00:00:45", "text": "This is the coolest feature I love about"}, {"start": "00:00:43", "end": "00:00:48", "text": "this. There are no credit checks and you"}, {"start": "00:00:45", "end": "00:00:50", "text": "can repay on a schedule that works"}, {"start": "00:00:48", "end": "00:00:52", "text": "specifically for you. It's the smartest"}, {"start": "00:00:50", "end": "00:00:55", "text": "way to stay long in the market while"}, {"start": "00:00:52", "end": "00:00:57", "text": "accessing your portfolio's value today."}, {"start": "00:00:55", "end": "00:01:00", "text": "Download the Uphold app and get your"}, {"start": "00:00:57", "end": "00:01:02", "text": "virtual exacard in just a few taps."}, {"start": "00:01:00", "end": "00:01:05", "text": "Let's go over to this first tweet right"}, {"start": "00:01:02", "end": "00:01:06", "text": "here and this will kind of explain some"}, {"start": "00:01:05", "end": "00:01:08", "text": "of the deals that are starting to"}, {"start": "00:01:06", "end": "00:01:11", "text": "happen. The fourpoint Trump Iran peace"}, {"start": "00:01:08", "end": "00:01:13", "text": "deal. This is coming in from JD Vance."}, {"start": "00:01:11", "end": "00:01:15", "text": "The deal would be essentially blocking"}, {"start": "00:01:13", "end": "00:01:18", "text": "Iran from obtaining a nuclear weapon,"}, {"start": "00:01:15", "end": "00:01:19", "text": "reopen the straight uh lift the US naval"}, {"start": "00:01:18", "end": "00:01:21", "text": "blockade and then unlock major"}, {"start": "00:01:19", "end": "00:01:24", "text": "investments across the region. So this"}, {"start": "00:01:21", "end": "00:01:26", "text": "is agreed upon in anou. what's called a"}, {"start": "00:01:24", "end": "00:01:29", "text": "memorandum of understanding. Typically"}, {"start": "00:01:26", "end": "00:01:31", "text": "in business, this is almost as good as"}, {"start": "00:01:29", "end": "00:01:33", "text": "an agreement. Usually, it means that you"}, {"start": "00:01:31", "end": "00:01:35", "text": "can't really kind of renegotiate"}, {"start": "00:01:33", "end": "00:01:38", "text": "anything. It's kind of outlining certain"}, {"start": "00:01:35", "end": "00:01:41", "text": "elements within the deal. I have never"}, {"start": "00:01:38", "end": "00:01:42", "text": "done anou that an agreement did not come"}, {"start": "00:01:41", "end": "00:01:45", "text": "out of. Now, that doesn't mean that that"}, {"start": "00:01:42", "end": "00:01:47", "text": "won't happen here because we're still"}, {"start": "00:01:45", "end": "00:01:49", "text": "talking about Iran and the US. So, let"}, {"start": "00:01:47", "end": "00:01:52", "text": "me know what you guys think. Is this a"}, {"start": "00:01:49", "end": "00:01:54", "text": "real potential going into a peace deal?"}, {"start": "00:01:52", "end": "00:01:55", "text": "ships of the world, start your engines,"}, {"start": "00:01:54", "end": "00:01:58", "text": "let the oil flow as to be one of the"}, {"start": "00:01:55", "end": "00:02:00", "text": "funniest things. I would agree uh that"}, {"start": "00:01:58", "end": "00:02:03", "text": "uh he is on top of it maybe. But again,"}, {"start": "00:02:00", "end": "00:02:05", "text": "we have been rugpulled a little bit on"}, {"start": "00:02:03", "end": "00:02:07", "text": "many times when we've done a deal. The"}, {"start": "00:02:05", "end": "00:02:10", "text": "one caveat here is that now we're"}, {"start": "00:02:07", "end": "00:02:13", "text": "getting at least some verification from"}, {"start": "00:02:10", "end": "00:02:16", "text": "Iran that a deal may be in order and if"}, {"start": "00:02:13", "end": "00:02:19", "text": "we do get thisou enacted, getting this"}, {"start": "00:02:16", "end": "00:02:21", "text": "done on a long-term basis could be um"}, {"start": "00:02:19", "end": "00:02:23", "text": "good for the markets. And of course,"}, {"start": "00:02:21", "end": "00:02:26", "text": "remember this deal right now has about a"}, {"start": "00:02:23", "end": "00:02:28", "text": "60 uh day run rate uh to get done. When"}, {"start": "00:02:26", "end": "00:02:30", "text": "you look at US oil prices, they're"}, {"start": "00:02:28", "end": "00:02:31", "text": "already pricing it in right now at 81 a"}, {"start": "00:02:30", "end": "00:02:34", "text": "barrel. This, of course, is after the"}, {"start": "00:02:31", "end": "00:02:36", "text": "announcement and an immediate drop into"}, {"start": "00:02:34", "end": "00:02:38", "text": "the $80 a barrel range. And of course,"}, {"start": "00:02:36", "end": "00:02:40", "text": "this will start to affect energy prices,"}, {"start": "00:02:38", "end": "00:02:43", "text": "which will affect what we'll see in"}, {"start": "00:02:40", "end": "00:02:45", "text": "terms of inflation. But we have to see"}, {"start": "00:02:43", "end": "00:02:48", "text": "it at the pump, guys. That's where"}, {"start": "00:02:45", "end": "00:02:50", "text": "you'll see Americans saying, \"Yes, we"}, {"start": "00:02:48", "end": "00:02:53", "text": "agree it's starting to ease up on the"}, {"start": "00:02:50", "end": "00:02:54", "text": "pump price.\" And that is a key thing for"}, {"start": "00:02:53", "end": "00:02:57", "text": "what's going to happen around midterms."}, {"start": "00:02:54", "end": "00:02:59", "text": "If they don't get these prices for gas"}, {"start": "00:02:57", "end": "00:03:02", "text": "down, that creates a big problem. I"}, {"start": "00:02:59", "end": "00:03:04", "text": "think Trump knows that going uh forward"}, {"start": "00:03:02", "end": "00:03:06", "text": "for sure. If you look at some of the key"}, {"start": "00:03:04", "end": "00:03:08", "text": "things here, as I said, the 60-day"}, {"start": "00:03:06", "end": "00:03:10", "text": "negotiation period for a lot of these"}, {"start": "00:03:08", "end": "00:03:12", "text": "technical discussions discussions around"}, {"start": "00:03:10", "end": "00:03:14", "text": "the nuclear program, which I imagine is"}, {"start": "00:03:12", "end": "00:03:17", "text": "going to be the big big sticking point."}, {"start": "00:03:14", "end": "00:03:19", "text": "Uh that of course will be the thing to"}, {"start": "00:03:17", "end": "00:03:23", "text": "watch whether or not we actually get"}, {"start": "00:03:19", "end": "00:03:26", "text": "that into the 60-day program. I'm still"}, {"start": "00:03:23", "end": "00:03:29", "text": "a bit skeptical on that of it actually"}, {"start": "00:03:26", "end": "00:03:31", "text": "becoming, but getting Iran to the table"}, {"start": "00:03:29", "end": "00:03:33", "text": "is is a feat in itself. So kudos to what"}, {"start": "00:03:31", "end": "00:03:34", "text": "they've been able to do so far. I want"}, {"start": "00:03:33", "end": "00:03:36", "text": "to go to a clip because this is where"}, {"start": "00:03:34", "end": "00:03:37", "text": "Vance talks a little bit about this."}, {"start": "00:03:36", "end": "00:03:39", "text": "Take a look."}, {"start": "00:03:37", "end": "00:03:42", "text": ">> This is 60 days that they will have to"}, {"start": "00:03:39", "end": "00:03:43", "text": "kind of discuss and debate the issues"}, {"start": "00:03:42", "end": "00:03:46", "text": "surrounding the nuclear question. But"}, {"start": "00:03:43", "end": "00:03:48", "text": "for now, they are saying that they will"}, {"start": "00:03:46", "end": "00:03:50", "text": "reopen the straight. The United States"}, {"start": "00:03:48", "end": "00:03:52", "text": "is saying it will take down its uh"}, {"start": "00:03:50", "end": "00:03:54", "text": "blockade at the same time that there"}, {"start": "00:03:52", "end": "00:03:56", "text": "will be free passage that no one will"}, {"start": "00:03:54", "end": "00:03:57", "text": "have to pay anything to go back and"}, {"start": "00:03:56", "end": "00:03:59", "text": "forth through this. The Iranians, I"}, {"start": "00:03:57", "end": "00:04:02", "text": "think, have suggested that this is just"}, {"start": "00:03:59", "end": "00:04:03", "text": "for the next 60 days. Do you get the"}, {"start": "00:04:02", "end": "00:04:05", "text": "sense that this is a more permanent"}, {"start": "00:04:03", "end": "00:04:09", "text": "situation where the strait will be"}, {"start": "00:04:05", "end": "00:04:11", "text": "reopened even beyond that 60-day period?"}, {"start": "00:04:09", "end": "00:04:12", "text": ">> Well, our expectation is that the"}, {"start": "00:04:11", "end": "00:04:14", "text": "straight is going to be opened in a"}, {"start": "00:04:12", "end": "00:04:15", "text": "toll-free way for the long term. And"}, {"start": "00:04:14", "end": "00:04:17", "text": "that's the sort of thing that we're"}, {"start": "00:04:15", "end": "00:04:18", "text": "going to figure out in these technical"}, {"start": "00:04:17", "end": "00:04:21", "text": "negotiations. you know that there are a"}, {"start": "00:04:18", "end": "00:04:22", "text": "lot of very important details to figure"}, {"start": "00:04:21", "end": "00:04:25", "text": "out that we're actually going to sit at"}, {"start": "00:04:22", "end": "00:04:27", "text": "the table and discuss together and"}, {"start": "00:04:25", "end": "00:04:29", "text": "figure out a path forward on these"}, {"start": "00:04:27", "end": "00:04:32", "text": "details."}, {"start": "00:04:29", "end": "00:04:33", "text": ">> Uh that is I mean the way that Vance"}, {"start": "00:04:32", "end": "00:04:35", "text": "explained that I think that's a little"}, {"start": "00:04:33", "end": "00:04:38", "text": "bit more promising because if they're"}, {"start": "00:04:35", "end": "00:04:40", "text": "willing to negotiate in person or get in"}, {"start": "00:04:38", "end": "00:04:43", "text": "these in these negotiations in some"}, {"start": "00:04:40", "end": "00:04:45", "text": "format to where they're willing to maybe"}, {"start": "00:04:43", "end": "00:04:47", "text": "give on both sides that could end up"}, {"start": "00:04:45", "end": "00:04:50", "text": "being very good for the market. Now,"}, {"start": "00:04:47", "end": "00:04:53", "text": "remember that the number one thing that"}, {"start": "00:04:50", "end": "00:04:55", "text": "this market has had hanging over it has"}, {"start": "00:04:53", "end": "00:04:58", "text": "been the oil supply shock that could"}, {"start": "00:04:55", "end": "00:05:01", "text": "potentially be at play. And we have"}, {"start": "00:04:58", "end": "00:05:03", "text": "pretty much kind of run out of that"}, {"start": "00:05:01", "end": "00:05:07", "text": "supply narrative. And I think Muhammad"}, {"start": "00:05:03", "end": "00:05:10", "text": "Alain talks about this perfectly. Take a"}, {"start": "00:05:07", "end": "00:05:13", "text": "look. And with uh SpaceX sticking the"}, {"start": "00:05:10", "end": "00:05:16", "text": "landing on Friday, is are those enough"}, {"start": "00:05:13", "end": "00:05:18", "text": "of clearing events to go back to uh"}, {"start": "00:05:16", "end": "00:05:21", "text": "pre-war playbooks?"}, {"start": "00:05:18", "end": "00:05:23", "text": ">> Had we persisted with this, we would"}, {"start": "00:05:21", "end": "00:05:25", "text": "have got demand destruction. And when"}, {"start": "00:05:23", "end": "00:05:27", "text": "you get demand destruction, credit risk"}, {"start": "00:05:25", "end": "00:05:31", "text": "goes up. So I think we might have"}, {"start": "00:05:27", "end": "00:05:33", "text": "avoided a bullet here by by not going to"}, {"start": "00:05:31", "end": "00:05:35", "text": "the next stage of demand destruction in"}, {"start": "00:05:33", "end": "00:05:37", "text": "the US. You know, in some developing"}, {"start": "00:05:35", "end": "00:05:39", "text": "countries, unfortunately, that has"}, {"start": "00:05:37", "end": "00:05:41", "text": "happened already, and you're seeing"}, {"start": "00:05:39", "end": "00:05:43", "text": "demand destruction. We haven't. Our"}, {"start": "00:05:41", "end": "00:05:45", "text": "economy remains incredibly resilient."}, {"start": "00:05:43", "end": "00:05:47", "text": "So, keep an eye on it."}, {"start": "00:05:45", "end": "00:05:48", "text": ">> Worsh's first meeting this week, what we"}, {"start": "00:05:47", "end": "00:05:52", "text": "might get out of the dots and whether or"}, {"start": "00:05:48", "end": "00:05:54", "text": "not uh thisou Muhammad kind of quiets"}, {"start": "00:05:52", "end": "00:05:56", "text": "whatever hawkish concerns there might"}, {"start": "00:05:54", "end": "00:05:58", "text": "have been if it hadn't come along."}, {"start": "00:05:56", "end": "00:06:00", "text": ">> I think it does. I think the tone will"}, {"start": "00:05:58", "end": "00:06:03", "text": "be less hawkish than it would be"}, {"start": "00:06:00", "end": "00:06:07", "text": "otherwise. But Carl, to be a fly on the"}, {"start": "00:06:03", "end": "00:06:10", "text": "wall, a a chair's first meeting, the"}, {"start": "00:06:07", "end": "00:06:13", "text": "previous chair sitting there, a highly"}, {"start": "00:06:10", "end": "00:06:16", "text": "divided committee going in, it must be a"}, {"start": "00:06:13", "end": "00:06:18", "text": "fascinating two days in the room."}, {"start": "00:06:16", "end": "00:06:20", "text": ">> I would say Muhammad is right. It's"}, {"start": "00:06:18", "end": "00:06:22", "text": "going to be a fascinating uh two days in"}, {"start": "00:06:20", "end": "00:06:24", "text": "the room. In terms of FOMC, we'll be"}, {"start": "00:06:22", "end": "00:06:27", "text": "going live on that right uh this week."}, {"start": "00:06:24", "end": "00:06:28", "text": "Uh what I would recommend for you guys"}, {"start": "00:06:27", "end": "00:06:30", "text": "is make sure and subscribe to the"}, {"start": "00:06:28", "end": "00:06:32", "text": "channel right now. Hit the bell. that's"}, {"start": "00:06:30", "end": "00:06:34", "text": "going to give you a notification. Uh,"}, {"start": "00:06:32", "end": "00:06:35", "text": "and what I have noticed is that there's"}, {"start": "00:06:34", "end": "00:06:37", "text": "been some complaint out there even when"}, {"start": "00:06:35", "end": "00:06:39", "text": "you're subscribed sometimes our second"}, {"start": "00:06:37", "end": "00:06:41", "text": "video you don't get notified of it. So,"}, {"start": "00:06:39", "end": "00:06:42", "text": "make sure and get that in there because"}, {"start": "00:06:41", "end": "00:06:45", "text": "it'll give you the notification of us"}, {"start": "00:06:42", "end": "00:06:48", "text": "going live. That's usually a very good"}, {"start": "00:06:45", "end": "00:06:51", "text": "uh video to watch in understanding the"}, {"start": "00:06:48", "end": "00:06:53", "text": "forwardlooking statements coming in from"}, {"start": "00:06:51", "end": "00:06:54", "text": "the Fed chair. Granted, it could"}, {"start": "00:06:53", "end": "00:06:56", "text": "probably be a little bit different with"}, {"start": "00:06:54", "end": "00:06:58", "text": "war than what we've seen with Chair Pal"}, {"start": "00:06:56", "end": "00:07:00", "text": "in the past, but the one thing that is"}, {"start": "00:06:58", "end": "00:07:03", "text": "certain, at least right now, and that is"}, {"start": "00:07:00", "end": "00:07:06", "text": "Fed rate hikes are starting to fall from"}, {"start": "00:07:03", "end": "00:07:09", "text": "what was a 61% probability and have"}, {"start": "00:07:06", "end": "00:07:12", "text": "plummeted now down to a 34% chance. So,"}, {"start": "00:07:09", "end": "00:07:14", "text": "cut in half almost in a very short"}, {"start": "00:07:12", "end": "00:07:16", "text": "period of time. That's the one-mon chart"}, {"start": "00:07:14", "end": "00:07:19", "text": "outlook right there on Poly Market. And"}, {"start": "00:07:16", "end": "00:07:24", "text": "remember, this all plays into inflation"}, {"start": "00:07:19", "end": "00:07:25", "text": "and possibly air cover for Kevin Walsh"}, {"start": "00:07:24", "end": "00:07:28", "text": "in terms of being able to hold the rate"}, {"start": "00:07:25", "end": "00:07:30", "text": "andor even look at a rate cut if in fact"}, {"start": "00:07:28", "end": "00:07:32", "text": "we start to see things correct quickly"}, {"start": "00:07:30", "end": "00:07:35", "text": "because remember CPI print were very"}, {"start": "00:07:32", "end": "00:07:36", "text": "very strong last week. PPI same"}, {"start": "00:07:35", "end": "00:07:38", "text": "situation. We have not seen those kind"}, {"start": "00:07:36", "end": "00:07:41", "text": "of inflation numbers. This is a very"}, {"start": "00:07:38", "end": "00:07:44", "text": "critical critical time not only for the"}, {"start": "00:07:41", "end": "00:07:47", "text": "Fed but also for the US. And of course"}, {"start": "00:07:44", "end": "00:07:49", "text": "at that time you look at the rest of the"}, {"start": "00:07:47", "end": "00:07:51", "text": "market and SpaceX is absolutely as they"}, {"start": "00:07:49", "end": "00:07:53", "text": "said earlier sticking the landing right"}, {"start": "00:07:51", "end": "00:07:54", "text": "here. Now how can it hold is the"}, {"start": "00:07:53", "end": "00:07:57", "text": "question mark because it extends its"}, {"start": "00:07:54", "end": "00:08:00", "text": "gain another 10% second day of trading"}, {"start": "00:07:57", "end": "00:08:04", "text": "here on Monday uh now worth 2303"}, {"start": "00:08:00", "end": "00:08:05", "text": "trillion uh and up to 177. So let me"}, {"start": "00:08:04", "end": "00:08:07", "text": "know what you guys are doing. Are you"}, {"start": "00:08:05", "end": "00:08:10", "text": "trading spec SpaceX right now or are you"}, {"start": "00:08:07", "end": "00:08:12", "text": "looking at other assets that surround"}, {"start": "00:08:10", "end": "00:08:14", "text": "this? Because if you look at the crypto"}, {"start": "00:08:12", "end": "00:08:17", "text": "market, and we'll show that in a second,"}, {"start": "00:08:14", "end": "00:08:19", "text": "almost everything is up significantly,"}, {"start": "00:08:17", "end": "00:08:22", "text": "most likely because of the deal that"}, {"start": "00:08:19", "end": "00:08:23", "text": "possibly is underway right now. The real"}, {"start": "00:08:22", "end": "00:08:26", "text": "question is is whether or not this"}, {"start": "00:08:23", "end": "00:08:28", "text": "holds. And if you guys think so, put yes"}, {"start": "00:08:26", "end": "00:08:30", "text": "in the uh comments down below. If you"}, {"start": "00:08:28", "end": "00:08:32", "text": "don't think it's going to hold this"}, {"start": "00:08:30", "end": "00:08:33", "text": "particular pump, just put no. Uh that'll"}, {"start": "00:08:32", "end": "00:08:36", "text": "give us some indic indication of where"}, {"start": "00:08:33", "end": "00:08:38", "text": "you guys think this goes. But looking at"}, {"start": "00:08:36", "end": "00:08:40", "text": "this right here, crypto was a little bit"}, {"start": "00:08:38", "end": "00:08:42", "text": "rugged because of what happened right"}, {"start": "00:08:40", "end": "00:08:45", "text": "here on tokenized SpaceX orders. A"}, {"start": "00:08:42", "end": "00:08:49", "text": "billion dollars went unfilled in the"}, {"start": "00:08:45", "end": "00:08:51", "text": "biggest IPO in history. So uh that"}, {"start": "00:08:49", "end": "00:08:54", "text": "included X stocks, Kraken Backer,"}, {"start": "00:08:51", "end": "00:08:57", "text": "Binance, BYBID, etc. Question here I"}, {"start": "00:08:54", "end": "00:08:59", "text": "would ask you guys is now what would you"}, {"start": "00:08:57", "end": "00:09:02", "text": "do? Would you go into something like"}, {"start": "00:08:59", "end": "00:09:04", "text": "Robin Hood or a traditional exchange now"}, {"start": "00:09:02", "end": "00:09:06", "text": "and completely avoid these kind of"}, {"start": "00:09:04", "end": "00:09:10", "text": "things around these kinds of volatile"}, {"start": "00:09:06", "end": "00:09:11", "text": "IPOs in the future? I don't know. That's"}, {"start": "00:09:10", "end": "00:09:13", "text": "an interesting to watch. If you look at"}, {"start": "00:09:11", "end": "00:09:15", "text": "Robin Hood, the stock price, you can"}, {"start": "00:09:13", "end": "00:09:17", "text": "kind of see an indicator right there. I"}, {"start": "00:09:15", "end": "00:09:19", "text": "want to go to a clip real quick. This"}, {"start": "00:09:17", "end": "00:09:22", "text": "will get into"}, {"start": "00:09:19", "end": "00:09:27", "text": "whether or not SpaceX can hold this"}, {"start": "00:09:22", "end": "00:09:30", "text": "momentum and can you really believe that"}, {"start": "00:09:27", "end": "00:09:32", "text": "it's too good to be true? Take a look."}, {"start": "00:09:30", "end": "00:09:34", "text": ">> Well, I don't know that it reminds me of"}, {"start": "00:09:32", "end": "00:09:37", "text": "Enron, Tom, but it reminds me of the"}, {"start": "00:09:34", "end": "00:09:38", "text": "Enron time frame. How's that? In that"}, {"start": "00:09:37", "end": "00:09:41", "text": "I've always said that Wall Street has a"}, {"start": "00:09:38", "end": "00:09:43", "text": "printing press, too, just like the Fed."}, {"start": "00:09:41", "end": "00:09:46", "text": "It just takes a while to get going. And"}, {"start": "00:09:43", "end": "00:09:48", "text": "one of the things that I think SpaceX is"}, {"start": "00:09:46", "end": "00:09:52", "text": "ushering in in 2026"}, {"start": "00:09:48", "end": "00:09:54", "text": "is massive equity issuance. And and"}, {"start": "00:09:52", "end": "00:09:56", "text": "historically,"}, {"start": "00:09:54", "end": "00:09:59", "text": "without a doubt, in the 20th and 21st"}, {"start": "00:09:56", "end": "00:10:01", "text": "century, anytime you have seen massive"}, {"start": "00:09:59", "end": "00:10:04", "text": "IPOs and secondaries relative to the"}, {"start": "00:10:01", "end": "00:10:07", "text": "size of the market or the economy,"}, {"start": "00:10:04", "end": "00:10:09", "text": "investors generally have been advised to"}, {"start": "00:10:07", "end": "00:10:10", "text": "to be a little more cautious or or"}, {"start": "00:10:09", "end": "00:10:12", "text": "reduce their risk."}, {"start": "00:10:10", "end": "00:10:14", "text": ">> You mentioned earlier the dot bubble."}, {"start": "00:10:12", "end": "00:10:17", "text": "Are we doing docom bubble 2.0 right now?"}, {"start": "00:10:14", "end": "00:10:19", "text": ">> Oh, this is much bigger."}, {"start": "00:10:17", "end": "00:10:21", "text": ">> I Well, I agree that it's bigger than"}, {"start": "00:10:19", "end": "00:10:23", "text": "the.com bubble because a lot of those"}, {"start": "00:10:21", "end": "00:10:25", "text": "and I've talked about this before. Most"}, {"start": "00:10:23", "end": "00:10:28", "text": "of those companies that were brought"}, {"start": "00:10:25", "end": "00:10:30", "text": "public in the dot era, they literally"}, {"start": "00:10:28", "end": "00:10:32", "text": "had nothing except an idea. There was no"}, {"start": "00:10:30", "end": "00:10:34", "text": "revenue. Many of these companies coming"}, {"start": "00:10:32", "end": "00:10:36", "text": "public now, including what we'll see in"}, {"start": "00:10:34", "end": "00:10:38", "text": "the AI sector, whether it's anthropic or"}, {"start": "00:10:36", "end": "00:10:40", "text": "open AI, these are actually revenue"}, {"start": "00:10:38", "end": "00:10:42", "text": "generated. Now, are they profit based?"}, {"start": "00:10:40", "end": "00:10:44", "text": "No. But most companies when they're"}, {"start": "00:10:42", "end": "00:10:46", "text": "getting rolling are not profit based."}, {"start": "00:10:44", "end": "00:10:48", "text": "There's probably I would say maybe in"}, {"start": "00:10:46", "end": "00:10:50", "text": "excess of 50% of the companies that are"}, {"start": "00:10:48", "end": "00:10:52", "text": "traded on stocks that are not"}, {"start": "00:10:50", "end": "00:10:54", "text": "profitable. And there are reasons for"}, {"start": "00:10:52", "end": "00:10:55", "text": "that because they're building equity"}, {"start": "00:10:54", "end": "00:10:58", "text": "back into the way they're operating"}, {"start": "00:10:55", "end": "00:11:01", "text": "their business. So that's a factor. I"}, {"start": "00:10:58", "end": "00:11:04", "text": "still am uh optimistically skeptical as"}, {"start": "00:11:01", "end": "00:11:06", "text": "to whether or not SpaceX continue can"}, {"start": "00:11:04", "end": "00:11:09", "text": "continue to hold this run rate. I think"}, {"start": "00:11:06", "end": "00:11:10", "text": "it does settle in and adjust pretty"}, {"start": "00:11:09", "end": "00:11:11", "text": "significantly. But listen, there's going"}, {"start": "00:11:10", "end": "00:11:12", "text": "to be some people that uh made some"}, {"start": "00:11:11", "end": "00:11:15", "text": "money out there, most of which were"}, {"start": "00:11:12", "end": "00:11:17", "text": "early investors that are going to be uh"}, {"start": "00:11:15", "end": "00:11:19", "text": "taking that exit uh strategy going"}, {"start": "00:11:17", "end": "00:11:22", "text": "forward. Let's talk about the Clarity"}, {"start": "00:11:19", "end": "00:11:25", "text": "Act because the key here right now has"}, {"start": "00:11:22", "end": "00:11:27", "text": "been this July 4th idea of a deadline."}, {"start": "00:11:25", "end": "00:11:29", "text": "And I think everybody's been pointing at"}, {"start": "00:11:27", "end": "00:11:32", "text": "July 4th because, you know, Trump, he"}, {"start": "00:11:29", "end": "00:11:34", "text": "wants to be very bambostic on, you know,"}, {"start": "00:11:32", "end": "00:11:36", "text": "to do these kinds of big signings and"}, {"start": "00:11:34", "end": "00:11:38", "text": "that this would be kind of almost like"}, {"start": "00:11:36", "end": "00:11:40", "text": "liberation day for crypto. The only"}, {"start": "00:11:38", "end": "00:11:41", "text": "problem is is that right now Tarret is"}, {"start": "00:11:40", "end": "00:11:44", "text": "reporting that this could be"}, {"start": "00:11:41", "end": "00:11:46", "text": "logistically impossible. I tend to"}, {"start": "00:11:44", "end": "00:11:48", "text": "disagree only in the sense that the"}, {"start": "00:11:46", "end": "00:11:50", "text": "Senate is all it needs to go through."}, {"start": "00:11:48", "end": "00:11:52", "text": "It's possible that we won't get it"}, {"start": "00:11:50", "end": "00:11:55", "text": "passed, but if the Senate can get it"}, {"start": "00:11:52", "end": "00:11:58", "text": "done by July 4th, there's about 10 days"}, {"start": "00:11:55", "end": "00:12:00", "text": "or so that could still occur in June,"}, {"start": "00:11:58", "end": "00:12:03", "text": "then I think Trump would claim victory"}, {"start": "00:12:00", "end": "00:12:05", "text": "uh on this because my understanding is"}, {"start": "00:12:03", "end": "00:12:06", "text": "he he probably feels that the House is"}, {"start": "00:12:05", "end": "00:12:08", "text": "going to rubber stamp this going"}, {"start": "00:12:06", "end": "00:12:10", "text": "forward. And if you look at the clarity"}, {"start": "00:12:08", "end": "00:12:13", "text": "odds, they are inching up but not by"}, {"start": "00:12:10", "end": "00:12:15", "text": "much. We're just now back above 50% here"}, {"start": "00:12:13", "end": "00:12:18", "text": "as we look at the weekly uh there on"}, {"start": "00:12:15", "end": "00:12:21", "text": "poly market. So that's one factor uh to"}, {"start": "00:12:18", "end": "00:12:23", "text": "consider right now around clarity. Other"}, {"start": "00:12:21", "end": "00:12:25", "text": "things you've got uh 75% of the EU"}, {"start": "00:12:23", "end": "00:12:28", "text": "crypto firms now could lose registration"}, {"start": "00:12:25", "end": "00:12:30", "text": "status. This is a bunch of crypto"}, {"start": "00:12:28", "end": "00:12:32", "text": "companies. Uh I looked at data on this"}, {"start": "00:12:30", "end": "00:12:34", "text": "just earlier this morning. Over 3,000"}, {"start": "00:12:32", "end": "00:12:37", "text": "crypto companies. It's like less than"}, {"start": "00:12:34", "end": "00:12:40", "text": "200 that have been implemented as fully"}, {"start": "00:12:37", "end": "00:12:42", "text": "registered and compliant in the EU under"}, {"start": "00:12:40", "end": "00:12:44", "text": "these Mika guidelines which are now in"}, {"start": "00:12:42", "end": "00:12:46", "text": "force. So that's a big deal. I don't"}, {"start": "00:12:44", "end": "00:12:48", "text": "know if it's going to be a massive"}, {"start": "00:12:46", "end": "00:12:52", "text": "issuance problem across all of these"}, {"start": "00:12:48", "end": "00:12:54", "text": "comp companies that are mostly dealing"}, {"start": "00:12:52", "end": "00:12:57", "text": "probably with more and I should say more"}, {"start": "00:12:54", "end": "00:12:58", "text": "active and larger markets which I would"}, {"start": "00:12:57", "end": "00:13:01", "text": "lean toward the Middle East and Asia"}, {"start": "00:12:58", "end": "00:13:03", "text": "right now. South America I would say"}, {"start": "00:13:01", "end": "00:13:06", "text": "maybe has a similar track record in the"}, {"start": "00:13:03", "end": "00:13:08", "text": "EU with the exception of uh the UK but"}, {"start": "00:13:06", "end": "00:13:10", "text": "definitely one something to watch for"}, {"start": "00:13:08", "end": "00:13:12", "text": "sure other issues that are happening"}, {"start": "00:13:10", "end": "00:13:15", "text": "right now and that is EU is delisting"}, {"start": "00:13:12", "end": "00:13:17", "text": "tethers uh USDT from licensed exchanges"}, {"start": "00:13:15", "end": "00:13:20", "text": "that goes in effect July 1st that's a"}, {"start": "00:13:17", "end": "00:13:22", "text": "deadline that is underway and this is"}, {"start": "00:13:20", "end": "00:13:26", "text": "having an impact right there is the"}, {"start": "00:13:22", "end": "00:13:29", "text": "crypto market cap for tether uh in terms"}, {"start": "00:13:26", "end": "00:13:33", "text": "of overall and as you can see It has"}, {"start": "00:13:29", "end": "00:13:36", "text": "been sliding dramatically here in June."}, {"start": "00:13:33", "end": "00:13:38", "text": "So, are you holding Tether right now?"}, {"start": "00:13:36", "end": "00:13:40", "text": "Will you continue to hold Tether or is"}, {"start": "00:13:38", "end": "00:13:41", "text": "it something that you want to"}, {"start": "00:13:40", "end": "00:13:44", "text": "reconstruct? And I think this is going"}, {"start": "00:13:41", "end": "00:13:46", "text": "to put some uh pressure into Tether to"}, {"start": "00:13:44", "end": "00:13:48", "text": "really get things going. One thing to"}, {"start": "00:13:46", "end": "00:13:52", "text": "kind of consider though is that this is"}, {"start": "00:13:48", "end": "00:13:53", "text": "starting to move into ETHbased"}, {"start": "00:13:52", "end": "00:13:55", "text": "stable coins. And if you look at"}, {"start": "00:13:53", "end": "00:13:57", "text": "ETH-based stable coins, you're probably"}, {"start": "00:13:55", "end": "00:13:59", "text": "going to see ETH starting to see a"}, {"start": "00:13:57", "end": "00:14:00", "text": "movement here. And we are seeing a"}, {"start": "00:13:59", "end": "00:14:03", "text": "considerable movement right now almost"}, {"start": "00:14:00", "end": "00:14:05", "text": "10% on the day right now. Uh covering"}, {"start": "00:14:03", "end": "00:14:08", "text": "almost everything with the exception of"}, {"start": "00:14:05", "end": "00:14:10", "text": "XLM which is taking a 24% move. But if"}, {"start": "00:14:08", "end": "00:14:14", "text": "you look at most of the key assets right"}, {"start": "00:14:10", "end": "00:14:18", "text": "now, Salana up 5% right now, ETH holding"}, {"start": "00:14:14", "end": "00:14:21", "text": "at almost 10%, Bitcoin trading at 66K"}, {"start": "00:14:18", "end": "00:14:22", "text": "right now, getting ready to go to 67, up"}, {"start": "00:14:21", "end": "00:14:25", "text": "about a point and a half right now, but"}, {"start": "00:14:22", "end": "00:14:28", "text": "has been moving over the last few days."}, {"start": "00:14:25", "end": "00:14:29", "text": "And I think a lot of this is really I"}, {"start": "00:14:28", "end": "00:14:31", "text": "think dependent on what's happening in"}, {"start": "00:14:29", "end": "00:14:33", "text": "the Middle East, but I think where we"}, {"start": "00:14:31", "end": "00:14:35", "text": "really start to see some movement is"}, {"start": "00:14:33", "end": "00:14:38", "text": "when and if clarity goes through. So be"}, {"start": "00:14:35", "end": "00:14:41", "text": "on the lookout for that. Tom Lee is also"}, {"start": "00:14:38", "end": "00:14:44", "text": "on his way. He's literally at the level"}, {"start": "00:14:41", "end": "00:14:47", "text": "of trying to grab the amount of ETH he's"}, {"start": "00:14:44", "end": "00:14:50", "text": "been looking for. So in 11 months he's"}, {"start": "00:14:47", "end": "00:14:53", "text": "grabbed it's 93% of the way to its its"}, {"start": "00:14:50", "end": "00:14:56", "text": "5% target. That's pretty significant in"}, {"start": "00:14:53", "end": "00:14:58", "text": "less than a year to be able to get that"}, {"start": "00:14:56", "end": "00:15:01", "text": "far into the target that they've been"}, {"start": "00:14:58", "end": "00:15:03", "text": "striving for for some time. And he is so"}, {"start": "00:15:01", "end": "00:15:06", "text": "confident that he's starting to launch"}, {"start": "00:15:03", "end": "00:15:09", "text": "his own stretch version of his asset"}, {"start": "00:15:06", "end": "00:15:11", "text": "that will work as a preferred. And this"}, {"start": "00:15:09", "end": "00:15:14", "text": "of course coming in right now at 9 and a"}, {"start": "00:15:11", "end": "00:15:17", "text": "half% preferred shares uh which will"}, {"start": "00:15:14", "end": "00:15:19", "text": "begin trading under BMNP."}, {"start": "00:15:17", "end": "00:15:22", "text": "So right there, keep an eye on that one"}, {"start": "00:15:19", "end": "00:15:24", "text": "from that of what uh Bitmine is doing."}, {"start": "00:15:22", "end": "00:15:26", "text": "Let's jump over to Stretch because this"}, {"start": "00:15:24", "end": "00:15:29", "text": "of course is the big one for Bitcoin"}, {"start": "00:15:26", "end": "00:15:30", "text": "under Micro Strategy. And the other"}, {"start": "00:15:29", "end": "00:15:32", "text": "thing that could be an interesting"}, {"start": "00:15:30", "end": "00:15:35", "text": "catalyst here because remember dividend"}, {"start": "00:15:32", "end": "00:15:39", "text": "day is coming and this is the first time"}, {"start": "00:15:35", "end": "00:15:42", "text": "that it has somewhat been deped. And"}, {"start": "00:15:39", "end": "00:15:45", "text": "that's interesting because with Stretch"}, {"start": "00:15:42", "end": "00:15:46", "text": "and where the market is, is it a buy"}, {"start": "00:15:45", "end": "00:15:49", "text": "right now? because remember they're"}, {"start": "00:15:46", "end": "00:15:52", "text": "trying to maintain stretch as close to"}, {"start": "00:15:49", "end": "00:15:55", "text": "$100 per uh share as possible. And"}, {"start": "00:15:52", "end": "00:15:58", "text": "remember this now gives you two dividend"}, {"start": "00:15:55", "end": "00:16:01", "text": "reward dates in Stretch's cycle. So you"}, {"start": "00:15:58", "end": "00:16:03", "text": "can see the these are complicated um"}, {"start": "00:16:01", "end": "00:16:05", "text": "instruments that have been pretty much"}, {"start": "00:16:03", "end": "00:16:06", "text": "mastered. You know, Sailor mastered it."}, {"start": "00:16:05", "end": "00:16:08", "text": "He said it just, you know, how they"}, {"start": "00:16:06", "end": "00:16:11", "text": "constructed it, it had never been done"}, {"start": "00:16:08", "end": "00:16:13", "text": "before, but yet it was still legal. Uh,"}, {"start": "00:16:11", "end": "00:16:16", "text": "Bitmine on the other hand, you're"}, {"start": "00:16:13", "end": "00:16:18", "text": "talking about a probably what 25-y year"}, {"start": "00:16:16", "end": "00:16:20", "text": "veteran of Wall Street who understands"}, {"start": "00:16:18", "end": "00:16:22", "text": "this as well, but they're both betting"}, {"start": "00:16:20", "end": "00:16:26", "text": "on one thing, and that is that these"}, {"start": "00:16:22", "end": "00:16:27", "text": "respective assets go up. Now, Tom Lee,"}, {"start": "00:16:26", "end": "00:16:29", "text": "yes, he's sitting on an asset that's"}, {"start": "00:16:27", "end": "00:16:31", "text": "earning in DeFi, so he's got a little"}, {"start": "00:16:29", "end": "00:16:32", "text": "bit of of looseness there, but you've"}, {"start": "00:16:31", "end": "00:16:36", "text": "got Sailor who's sitting on an asset"}, {"start": "00:16:32", "end": "00:16:38", "text": "that has been consistently getting more"}, {"start": "00:16:36", "end": "00:16:40", "text": "uh gains each year. So, it'll be"}, {"start": "00:16:38", "end": "00:16:43", "text": "interesting to see how it plays out."}, {"start": "00:16:40", "end": "00:16:45", "text": "Jack Mers, who's watching this from the"}, {"start": "00:16:43", "end": "00:16:46", "text": "sidelines, goes in and talks about this."}, {"start": "00:16:45", "end": "00:16:47", "text": "Take a look."}, {"start": "00:16:46", "end": "00:16:49", "text": ">> Um, and you referenced a question I"}, {"start": "00:16:47", "end": "00:16:52", "text": "asked yesterday. I'm trying to figure"}, {"start": "00:16:49", "end": "00:16:54", "text": "out what is MNAV and what is dilution."}, {"start": "00:16:52", "end": "00:16:56", "text": "You know, if they sell MSTR instead of"}, {"start": "00:16:54", "end": "00:16:58", "text": "Bitcoin"}, {"start": "00:16:56", "end": "00:17:00", "text": "and people are asking me like, well,"}, {"start": "00:16:58", "end": "00:17:01", "text": "does that mean that the common is"}, {"start": "00:17:00", "end": "00:17:02", "text": "getting screwed? I'm like, well, I don't"}, {"start": "00:17:01", "end": "00:17:03", "text": "know. I guess it depends on your"}, {"start": "00:17:02", "end": "00:17:05", "text": "definition. So, I'll stop there. And I"}, {"start": "00:17:03", "end": "00:17:06", "text": "was like, hey, listen. I have quite I"}, {"start": "00:17:05", "end": "00:17:08", "text": "don't know. Like if we don't have a"}, {"start": "00:17:06", "end": "00:17:09", "text": "universal definition of MNAV and we"}, {"start": "00:17:08", "end": "00:17:12", "text": "don't have a universal definition of"}, {"start": "00:17:09", "end": "00:17:14", "text": "dilution like if selling equity for cash"}, {"start": "00:17:12", "end": "00:17:17", "text": "is not dilution then I don't I can't"}, {"start": "00:17:14", "end": "00:17:20", "text": "have a conversation any company that I"}, {"start": "00:17:17", "end": "00:17:22", "text": "am running or founder of and stuff like"}, {"start": "00:17:20", "end": "00:17:24", "text": "haven't done the um preferred stuff cuz"}, {"start": "00:17:22", "end": "00:17:25", "text": "I just I I haven't fully personally"}, {"start": "00:17:24", "end": "00:17:26", "text": "understood Yeah."}, {"start": "00:17:25", "end": "00:17:27", "text": ">> um these parts."}, {"start": "00:17:26", "end": "00:17:29", "text": ">> All right. So you can see there's some"}, {"start": "00:17:27", "end": "00:17:31", "text": "skepticism out there and this has been"}, {"start": "00:17:29", "end": "00:17:33", "text": "one of the things that I think all of"}, {"start": "00:17:31", "end": "00:17:35", "text": "Wall Street has mentioned. uh either"}, {"start": "00:17:33", "end": "00:17:37", "text": "it's brilliant or it's diabolical. We"}, {"start": "00:17:35", "end": "00:17:40", "text": "don't really fully see this because you"}, {"start": "00:17:37", "end": "00:17:42", "text": "won't see this play out until really the"}, {"start": "00:17:40", "end": "00:17:44", "text": "experiment ends, I guess. And and that"}, {"start": "00:17:42", "end": "00:17:46", "text": "of course is whether or not Bitcoin"}, {"start": "00:17:44", "end": "00:17:48", "text": "continues to go up. Uh but you look at"}, {"start": "00:17:46", "end": "00:17:49", "text": "Black Rockck, well, they're jumping into"}, {"start": "00:17:48", "end": "00:17:52", "text": "the same boat here because Black Rockck"}, {"start": "00:17:49", "end": "00:17:55", "text": "is now launching a Bitcoin ETF that pays"}, {"start": "00:17:52", "end": "00:17:59", "text": "you monthly income. And the new BITA ETF"}, {"start": "00:17:55", "end": "00:18:02", "text": "will sell options on Black Rockck's 49"}, {"start": "00:17:59", "end": "00:18:03", "text": "billion in terms of the IBET fund. So,"}, {"start": "00:18:02", "end": "00:18:06", "text": "and then they're going to distribute"}, {"start": "00:18:03", "end": "00:18:08", "text": "that to premiums as yields. This is"}, {"start": "00:18:06", "end": "00:18:10", "text": "exactly the same model. Goldman Sachs is"}, {"start": "00:18:08", "end": "00:18:14", "text": "preparing to go into this on a rival"}, {"start": "00:18:10", "end": "00:18:18", "text": "Bitcoin ETF. So, it's all about moving"}, {"start": "00:18:14", "end": "00:18:19", "text": "money, earning asset value, and getting"}, {"start": "00:18:18", "end": "00:18:21", "text": "more money to buy that asset if you"}, {"start": "00:18:19", "end": "00:18:24", "text": "believe in it. And I think that's where"}, {"start": "00:18:21", "end": "00:18:26", "text": "both Black Rockck Sailor and of course,"}, {"start": "00:18:24", "end": "00:18:28", "text": "uh, Tom Lee sets. Here is Andy talking"}, {"start": "00:18:26", "end": "00:18:30", "text": "about it right here. and he's saying,"}, {"start": "00:18:28", "end": "00:18:32", "text": "\"Hey, maybe this uh this run right now"}, {"start": "00:18:30", "end": "00:18:35", "text": "that that we're in the middle of feels"}, {"start": "00:18:32", "end": "00:18:37", "text": "pretty good and it's serious.\" Uh I'd"}, {"start": "00:18:35", "end": "00:18:39", "text": "keep my finger off the red button for a"}, {"start": "00:18:37", "end": "00:18:41", "text": "little while. What do you guys think?"}, {"start": "00:18:39", "end": "00:18:44", "text": "Are you looking for a lower Bitcoin? Do"}, {"start": "00:18:41", "end": "00:18:48", "text": "you think 60K was the bottom? Just"}, {"start": "00:18:44", "end": "00:18:52", "text": "simply say 60K down below or put below"}, {"start": "00:18:48", "end": "00:18:52", "text": "down below and we'll see."}, {"start": "00:18:56", "end": "00:19:00", "text": "If you like this video, hit like and"}, {"start": "00:18:58", "end": "00:19:02", "text": "subscribe. Drop a comment down below and"}, {"start": "00:19:00", "end": "00:19:06", "text": "also join our free private member group."}, {"start": "00:19:02", "end": "00:19:06", "text": "The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Well, it's SpaceX day today and how is"}, {"start": "00:00:02", "end": "00:00:05", "text": "this going to affect crypto markets?"}, {"start": "00:00:04", "end": "00:00:08", "text": "We're going to break it all down for"}, {"start": "00:00:05", "end": "00:00:09", "text": "you. We have a special trader today to"}, {"start": "00:00:08", "end": "00:00:11", "text": "kind of get into the markets. You guys"}, {"start": "00:00:09", "end": "00:00:12", "text": "don't want to miss this one. Before we"}, {"start": "00:00:11", "end": "00:00:15", "text": "get into it, I do want to thank our"}, {"start": "00:00:12", "end": "00:00:18", "text": "sponsor. And this is a special offer for"}, {"start": "00:00:15", "end": "00:00:20", "text": "you guys. OKX is running an exclusive"}, {"start": "00:00:18", "end": "00:00:23", "text": "affiliate offer where you can earn up to"}, {"start": "00:00:20", "end": "00:00:26", "text": "$500 in XRP rewards just by hitting a"}, {"start": "00:00:23", "end": "00:00:28", "text": "few simple milestones. Step one, tier"}, {"start": "00:00:26", "end": "00:00:32", "text": "one, you can complete the KYC. you get"}, {"start": "00:00:28", "end": "00:00:34", "text": "$10 in XRP. If you go to step two, which"}, {"start": "00:00:32", "end": "00:00:37", "text": "is $100 on a deposit, you get another"}, {"start": "00:00:34", "end": "00:00:40", "text": "40. Then you can bump that deposit and"}, {"start": "00:00:37", "end": "00:00:45", "text": "trade volume of just $1,000 and you grab"}, {"start": "00:00:40", "end": "00:00:46", "text": "an additional $100 in XRP. Best of all,"}, {"start": "00:00:45", "end": "00:00:49", "text": "for the heavy hitters out there, if you"}, {"start": "00:00:46", "end": "00:00:53", "text": "deposit and trade 10 grand, you can"}, {"start": "00:00:49", "end": "00:00:55", "text": "unlock a massive $350 XRP reward. This"}, {"start": "00:00:53", "end": "00:00:59", "text": "stacks onto all of this. So boom, you"}, {"start": "00:00:55", "end": "00:01:02", "text": "get up to $500 max earning and it's paid"}, {"start": "00:00:59", "end": "00:01:04", "text": "directly out in XRP. So click the link"}, {"start": "00:01:02", "end": "00:01:06", "text": "down below. You guys are not want to"}, {"start": "00:01:04", "end": "00:01:08", "text": "miss this one. It is an awesome one. All"}, {"start": "00:01:06", "end": "00:01:11", "text": "right, let's get into it. Today I do"}, {"start": "00:01:08", "end": "00:01:12", "text": "want to start actually before I bring on"}, {"start": "00:01:11", "end": "00:01:14", "text": "Evan who's going to be joining here me"}, {"start": "00:01:12", "end": "00:01:17", "text": "here in a minute. I want to play a clip"}, {"start": "00:01:14", "end": "00:01:21", "text": "for you guys. This is the IPO launch of"}, {"start": "00:01:17", "end": "00:01:25", "text": "SpaceX. Take a look. I gave SpaceX less"}, {"start": "00:01:21", "end": "00:01:28", "text": "than a 10% chance uh of succeeding at"}, {"start": "00:01:25", "end": "00:01:29", "text": "all to be clear. Um in fact, I told"}, {"start": "00:01:28", "end": "00:01:30", "text": "people this. I said, \"Look, we're"}, {"start": "00:01:29", "end": "00:01:33", "text": "probably going to fail, but you know, we"}, {"start": "00:01:30", "end": "00:01:34", "text": "should give it a try because uh if if"}, {"start": "00:01:33", "end": "00:01:37", "text": "there's not a new company that enters"}, {"start": "00:01:34", "end": "00:01:38", "text": "space, we will never be a truly space"}, {"start": "00:01:37", "end": "00:01:41", "text": "bearing civilization.\""}, {"start": "00:01:38", "end": "00:01:42", "text": "And that's what SpaceX is all about."}, {"start": "00:01:41", "end": "00:01:44", "text": "It's to take the fiction out of science"}, {"start": "00:01:42", "end": "00:01:46", "text": "fiction. SpaceX wants to be able to take"}, {"start": "00:01:44", "end": "00:01:51", "text": "you to the moon, take you to to Mars,"}, {"start": "00:01:46", "end": "00:01:51", "text": "uh, and and ultimately beyond."}, {"start": "00:02:00", "end": "00:02:04", "text": "I'm rocking"}, {"start": "00:02:04", "end": "00:02:08", "text": "rocket man"}, {"start": "00:02:09", "end": "00:02:13", "text": "to raise your kids."}, {"start": "00:02:14", "end": "00:02:19", "text": "Okay, a little bit cringe there, but the"}, {"start": "00:02:16", "end": "00:02:21", "text": "point being is this is the biggest IPO"}, {"start": "00:02:19", "end": "00:02:23", "text": "launch in the history of man. And of"}, {"start": "00:02:21", "end": "00:02:25", "text": "course, it was SpaceX rolling out into"}, {"start": "00:02:23", "end": "00:02:26", "text": "the market. I want to bring in Evan Aldo"}, {"start": "00:02:25", "end": "00:02:28", "text": "because we're going to break this down."}, {"start": "00:02:26", "end": "00:02:30", "text": "Evan, how are you, man?"}, {"start": "00:02:28", "end": "00:02:32", "text": ">> I'm doing fantastic, Paul. Exciting"}, {"start": "00:02:30", "end": "00:02:35", "text": "times. Great to be talking to you."}, {"start": "00:02:32", "end": "00:02:38", "text": ">> All right, so absolute craziness. We are"}, {"start": "00:02:35", "end": "00:02:41", "text": "now on memefest for Elon and it all"}, {"start": "00:02:38", "end": "00:02:43", "text": "boils around what's going to be uh what"}, {"start": "00:02:41", "end": "00:02:45", "text": "is going to be the next trillionaire or"}, {"start": "00:02:43", "end": "00:02:47", "text": "the first trillionaire I should say the"}, {"start": "00:02:45", "end": "00:02:49", "text": "first trillionaire playing into this and"}, {"start": "00:02:47", "end": "00:02:52", "text": "of course when you look at some of the"}, {"start": "00:02:49", "end": "00:02:55", "text": "other you know monumentous IPO launches"}, {"start": "00:02:52", "end": "00:02:57", "text": "this one by far has outperformed at"}, {"start": "00:02:55", "end": "00:02:59", "text": "least in early trading and we'll show"}, {"start": "00:02:57", "end": "00:03:01", "text": "that to you guys here in a second and"}, {"start": "00:02:59", "end": "00:03:03", "text": "really whether or not this can get"}, {"start": "00:03:01", "end": "00:03:05", "text": "rotational capital back into crypto"}, {"start": "00:03:03", "end": "00:03:07", "text": "because I think a lot people may play"}, {"start": "00:03:05", "end": "00:03:09", "text": "this short uh and come out of it. I"}, {"start": "00:03:07", "end": "00:03:11", "text": "don't know for sure, but if you look at"}, {"start": "00:03:09", "end": "00:03:13", "text": "what Ted is talking about, he hits it"}, {"start": "00:03:11", "end": "00:03:15", "text": "right here. This is the time it took for"}, {"start": "00:03:13", "end": "00:03:17", "text": "top companies to hit the 1 trillion mark"}, {"start": "00:03:15", "end": "00:03:19", "text": "in terms of valuation after a public"}, {"start": "00:03:17", "end": "00:03:24", "text": "launch. Bergkshire Hathway 44 years,"}, {"start": "00:03:19", "end": "00:03:27", "text": "Apple 38, Nvidia 24, Google 15, Tesla"}, {"start": "00:03:24", "end": "00:03:30", "text": "11, Meta 9 years, and now SpaceX does it"}, {"start": "00:03:27", "end": "00:03:32", "text": "on its first day of hitting the 1"}, {"start": "00:03:30", "end": "00:03:34", "text": "trillion market cap. And before we go to"}, {"start": "00:03:32", "end": "00:03:38", "text": "the Bitcoin chart, I want to show you a"}, {"start": "00:03:34", "end": "00:03:40", "text": "couple of things. This is the uh"}, {"start": "00:03:38", "end": "00:03:42", "text": "the most insane launch. I'm I'm just"}, {"start": "00:03:40", "end": "00:03:45", "text": "looking at this right now. Launching"}, {"start": "00:03:42", "end": "00:03:48", "text": "exactly when the S&P 500 is the most"}, {"start": "00:03:45", "end": "00:03:52", "text": "overvalued in history. So either Evan,"}, {"start": "00:03:48", "end": "00:03:55", "text": ">> the S&P S&P 500 is on what could be a"}, {"start": "00:03:52", "end": "00:03:57", "text": "super cycle or this is pretty bad timing"}, {"start": "00:03:55", "end": "00:03:59", "text": "if we do actually see this as the dot"}, {"start": "00:03:57", "end": "00:04:01", "text": "bubble for tech and AI. What do you"}, {"start": "00:03:59", "end": "00:04:04", "text": "think? What do you think?"}, {"start": "00:04:01", "end": "00:04:06", "text": "So the main thing here I would say is"}, {"start": "00:04:04", "end": "00:04:07", "text": "seasonality would tell us the summer is"}, {"start": "00:04:06", "end": "00:04:09", "text": "not going to be, you know, the greatest"}, {"start": "00:04:07", "end": "00:04:11", "text": "time for the S&P 500, the NASDAQ. You"}, {"start": "00:04:09", "end": "00:04:13", "text": "know, as you mentioned, very overbought."}, {"start": "00:04:11", "end": "00:04:14", "text": "It's likely and we would want a little"}, {"start": "00:04:13", "end": "00:04:17", "text": "bit more of a correction of what we'd"}, {"start": "00:04:14", "end": "00:04:19", "text": "have already seen for Tradfi. Generally,"}, {"start": "00:04:17", "end": "00:04:20", "text": "when you have these IPOs, there's a"}, {"start": "00:04:19", "end": "00:04:25", "text": "little bit of a mania phase where it"}, {"start": "00:04:20", "end": "00:04:26", "text": "goes up 10 20%. Um, I'm eyeing maybe 190"}, {"start": "00:04:25", "end": "00:04:28", "text": "170. I don't know if it's necessarily"}, {"start": "00:04:26", "end": "00:04:31", "text": "too late to get in if you're trying to"}, {"start": "00:04:28", "end": "00:04:33", "text": "get in and get a 10% and get out, but"}, {"start": "00:04:31", "end": "00:04:35", "text": "usually these things go into a bare"}, {"start": "00:04:33", "end": "00:04:36", "text": "market after. And usually that bare"}, {"start": "00:04:35", "end": "00:04:38", "text": "market, the average bare market lasts,"}, {"start": "00:04:36", "end": "00:04:41", "text": "you know, 8 to 10 months. So my view is"}, {"start": "00:04:38", "end": "00:04:42", "text": "that if you just blindly bought SpaceX"}, {"start": "00:04:41", "end": "00:04:45", "text": "towards the end of this year or early"}, {"start": "00:04:42", "end": "00:04:46", "text": "next year, it probably would be at a"}, {"start": "00:04:45", "end": "00:04:48", "text": "much better valuation towards that time."}, {"start": "00:04:46", "end": "00:04:50", "text": "And even if you're wrong, I do think"}, {"start": "00:04:48", "end": "00:04:53", "text": "there's a very high probability that"}, {"start": "00:04:50", "end": "00:04:55", "text": "Bitcoin will outperform SpaceX in the"}, {"start": "00:04:53", "end": "00:04:58", "text": "second half of this year. In 2027,"}, {"start": "00:04:55", "end": "00:05:00", "text": "harder to say, but I think 2027 is going"}, {"start": "00:04:58", "end": "00:05:02", "text": "to be more of the year for SpaceX. I"}, {"start": "00:05:00", "end": "00:05:04", "text": "think right now is you're just being"}, {"start": "00:05:02", "end": "00:05:06", "text": "exit liquidity for the billionaires,"}, {"start": "00:05:04", "end": "00:05:09", "text": "which usually that doesn't work. So, you"}, {"start": "00:05:06", "end": "00:05:11", "text": "know, it's a trade right now, but"}, {"start": "00:05:09", "end": "00:05:13", "text": ">> yeah, you could do it as a trade. Uh the"}, {"start": "00:05:11", "end": "00:05:16", "text": "crypto perpetuals though are trading at"}, {"start": "00:05:13", "end": "00:05:19", "text": "175. That's a 30% premium right now on"}, {"start": "00:05:16", "end": "00:05:21", "text": "the 135 IPO price that came in market"}, {"start": "00:05:19", "end": "00:05:24", "text": "cap north of around 2.2. This is all"}, {"start": "00:05:21", "end": "00:05:26", "text": "ahead of NASDAQ. Now, of course, it has"}, {"start": "00:05:24", "end": "00:05:28", "text": "launched. Uh if you look at uh we'll go"}, {"start": "00:05:26", "end": "00:05:29", "text": "over to the chart real quick just to"}, {"start": "00:05:28", "end": "00:05:32", "text": "show you guys. I think I've got it"}, {"start": "00:05:29", "end": "00:05:34", "text": "pulled up here. SpaceX right there. Let"}, {"start": "00:05:32", "end": "00:05:35", "text": "me go to the 15 minutes so you guys can"}, {"start": "00:05:34", "end": "00:05:37", "text": "kind of see where it's come from. Even"}, {"start": "00:05:35", "end": "00:05:41", "text": "the opening right here on Trading View"}, {"start": "00:05:37", "end": "00:05:43", "text": "at 150, holding at 173 right now. So,"}, {"start": "00:05:41", "end": "00:05:46", "text": "uh, this is intriguing to me because"}, {"start": "00:05:43", "end": "00:05:49", "text": "when you look at how this may end up"}, {"start": "00:05:46", "end": "00:05:52", "text": "seeing a rotation of capital and also I"}, {"start": "00:05:49", "end": "00:05:54", "text": "think in general whether or not you"}, {"start": "00:05:52", "end": "00:05:56", "text": "would short Elon and that that's a"}, {"start": "00:05:54", "end": "00:05:58", "text": "bigger question. I've got a clip here of"}, {"start": "00:05:56", "end": "00:06:01", "text": "Scaramucci and Mike Novagrass. They're"}, {"start": "00:05:58", "end": "00:06:01", "text": "talking about that very point. Take a"}, {"start": "00:06:01", "end": "00:06:05", "text": "look."}, {"start": "00:06:01", "end": "00:06:08", "text": ">> Full disclosure, we own some SpaceX. the"}, {"start": "00:06:05", "end": "00:06:11", "text": "valuation numbers based on the"}, {"start": "00:06:08", "end": "00:06:14", "text": "fundamentals of the business are, let's"}, {"start": "00:06:11", "end": "00:06:15", "text": "say, misaligned. Now, it's Elon Musk,"}, {"start": "00:06:14", "end": "00:06:16", "text": "and so we're going to give Elon the"}, {"start": "00:06:15", "end": "00:06:19", "text": "benefit of the doubt because he's just"}, {"start": "00:06:16", "end": "00:06:22", "text": "an amazing operator, but we're talking"}, {"start": "00:06:19", "end": "00:06:24", "text": "about a $1.8 trillion valuation. It's"}, {"start": "00:06:22", "end": "00:06:27", "text": "hard to short Elon. He has a mystique"}, {"start": "00:06:24", "end": "00:06:28", "text": "about him. He has a cult around him. And"}, {"start": "00:06:27", "end": "00:06:31", "text": "so, there's going to be at least a"}, {"start": "00:06:28", "end": "00:06:34", "text": "six-month period of chaos where new"}, {"start": "00:06:31", "end": "00:06:37", "text": "buyers, old sellers"}, {"start": "00:06:34", "end": "00:06:39", "text": "and then you'll reach an equilibrium and"}, {"start": "00:06:37", "end": "00:06:42", "text": "there'll be talk of Space Lick's Tesla"}, {"start": "00:06:39", "end": "00:06:44", "text": "merger and it's a good enough story that"}, {"start": "00:06:42", "end": "00:06:46", "text": "the eyeballs are going to be here and so"}, {"start": "00:06:44", "end": "00:06:49", "text": "I think again it's there'll be amazing"}, {"start": "00:06:46", "end": "00:06:52", "text": "trading opportunity for the bold uh it's"}, {"start": "00:06:49", "end": "00:06:54", "text": "not something like I'm long I I will"}, {"start": "00:06:52", "end": "00:06:56", "text": "probably if I get a chance at anything"}, {"start": "00:06:54", "end": "00:06:59", "text": "close to these levels take my money and"}, {"start": "00:06:56", "end": "00:07:01", "text": "you know go to the barber shop uh and"}, {"start": "00:06:59", "end": "00:07:04", "text": "and and have a celebration uh but I'm"}, {"start": "00:07:01", "end": "00:07:06", "text": "not going to short"}, {"start": "00:07:04", "end": "00:07:08", "text": "All right. So, not shorting it. Uh, and"}, {"start": "00:07:06", "end": "00:07:09", "text": "you look at, you know, just in general,"}, {"start": "00:07:08", "end": "00:07:12", "text": "if you kind of compare some of the past"}, {"start": "00:07:09", "end": "00:07:15", "text": "history with Elon, he kind of has a"}, {"start": "00:07:12", "end": "00:07:19", "text": "mystique about him, Evan, where he has a"}, {"start": "00:07:15", "end": "00:07:22", "text": "product. He pitches the next generation"}, {"start": "00:07:19", "end": "00:07:24", "text": "of that product and then he also has"}, {"start": "00:07:22", "end": "00:07:26", "text": "within that next generation the"}, {"start": "00:07:24", "end": "00:07:28", "text": "moonshot. He's done it with Tesla, he's"}, {"start": "00:07:26", "end": "00:07:30", "text": "done it with Starlink, now he's doing it"}, {"start": "00:07:28", "end": "00:07:32", "text": "with uh SpaceX."}, {"start": "00:07:30", "end": "00:07:34", "text": "First of all, if you look at that and"}, {"start": "00:07:32", "end": "00:07:36", "text": "the bull and bear case for Bitcoin,"}, {"start": "00:07:34", "end": "00:07:39", "text": "where would you put this? Because this"}, {"start": "00:07:36", "end": "00:07:41", "text": "is a question. Do we see uh liquidity"}, {"start": "00:07:39", "end": "00:07:43", "text": "being drained out of crypto right now?"}, {"start": "00:07:41", "end": "00:07:44", "text": "Because Bitcoin's up. It's up in the"}, {"start": "00:07:43", "end": "00:07:45", "text": "past several days. What do you think?"}, {"start": "00:07:44", "end": "00:07:46", "text": "How do you how would you play this right"}, {"start": "00:07:45", "end": "00:07:48", "text": "now?"}, {"start": "00:07:46", "end": "00:07:51", "text": ">> I think the big rotation is going to be"}, {"start": "00:07:48", "end": "00:07:53", "text": "from AI and a lot of these things more"}, {"start": "00:07:51", "end": "00:07:55", "text": "over towards Bitcoin in the second half"}, {"start": "00:07:53", "end": "00:07:56", "text": "of this year. Um the first thing I'll"}, {"start": "00:07:55", "end": "00:07:58", "text": "show you, let's just look at the chart"}, {"start": "00:07:56", "end": "00:08:00", "text": "for SpaceX. So, there could be money to"}, {"start": "00:07:58", "end": "00:08:01", "text": "be made here. I mean, you're already up."}, {"start": "00:08:00", "end": "00:08:03", "text": "I mean, if you got into the very"}, {"start": "00:08:01", "end": "00:08:05", "text": "beginning, you're up 15%. There could be"}, {"start": "00:08:03", "end": "00:08:08", "text": "a little bit more. The fib the big fib"}, {"start": "00:08:05", "end": "00:08:10", "text": "level, first fib level would be 177."}, {"start": "00:08:08", "end": "00:08:13", "text": "That's a big take-profit place. And then"}, {"start": "00:08:10", "end": "00:08:15", "text": "190 would be another 9% 10% up. So, if"}, {"start": "00:08:13", "end": "00:08:17", "text": "you got in at the beginning, 27%, like"}, {"start": "00:08:15", "end": "00:08:20", "text": "that's pretty damn good, especially on"}, {"start": "00:08:17", "end": "00:08:21", "text": "something that's this large of a market"}, {"start": "00:08:20", "end": "00:08:23", "text": "cap. Like, it would be very likely you"}, {"start": "00:08:21", "end": "00:08:26", "text": "would see some type of correction around"}, {"start": "00:08:23", "end": "00:08:28", "text": "190. I don't think we'd get up to 200,"}, {"start": "00:08:26", "end": "00:08:30", "text": "but take that as a grain of salt. It's"}, {"start": "00:08:28", "end": "00:08:32", "text": "very hard to say and then I think you"}, {"start": "00:08:30", "end": "00:08:34", "text": "would see typical summer correction for"}, {"start": "00:08:32", "end": "00:08:36", "text": "a few months and maybe potentially a"}, {"start": "00:08:34", "end": "00:08:39", "text": "rebound um into the end of this year."}, {"start": "00:08:36", "end": "00:08:40", "text": "Now the thing that I want to show you on"}, {"start": "00:08:39", "end": "00:08:42", "text": "Bitcoin because a lot of people miss"}, {"start": "00:08:40", "end": "00:08:43", "text": "that you know people are always trying"}, {"start": "00:08:42", "end": "00:08:45", "text": "to time the market against the US"}, {"start": "00:08:43", "end": "00:08:47", "text": "dollar. What's a little bit easier is to"}, {"start": "00:08:45", "end": "00:08:49", "text": "try to time the market against competing"}, {"start": "00:08:47", "end": "00:08:51", "text": "assets that you may be thinking about"}, {"start": "00:08:49", "end": "00:08:53", "text": "selling and rotating into Bitcoin. This"}, {"start": "00:08:51", "end": "00:08:56", "text": "is Bitcoin versus Nvidia. It has been"}, {"start": "00:08:53", "end": "00:09:00", "text": "down since March of 2021,"}, {"start": "00:08:56", "end": "00:09:02", "text": "94% against Bitcoin. Same area right"}, {"start": "00:09:00", "end": "00:09:04", "text": "before January of 2017, right before"}, {"start": "00:09:02", "end": "00:09:07", "text": "this, you know, major rally on this"}, {"start": "00:09:04", "end": "00:09:08", "text": "pair. So, I think that it's very likely"}, {"start": "00:09:07", "end": "00:09:11", "text": "that Bitcoin, and I view Nvidia kind of"}, {"start": "00:09:08", "end": "00:09:14", "text": "as an index of AI, that Bitcoin will"}, {"start": "00:09:11", "end": "00:09:15", "text": "outperform AI by quite a bit in the"}, {"start": "00:09:14", "end": "00:09:17", "text": "second half of this year. Bitcoin is"}, {"start": "00:09:15", "end": "00:09:19", "text": "beat up right now. It's very beat up"}, {"start": "00:09:17", "end": "00:09:22", "text": "compared to everything else. Down about"}, {"start": "00:09:19", "end": "00:09:24", "text": "53%, you know, hitting a major area."}, {"start": "00:09:22", "end": "00:09:26", "text": "You're hitting your weekly 200 SMA. As"}, {"start": "00:09:24", "end": "00:09:28", "text": "long as you can hold that at 61, I would"}, {"start": "00:09:26", "end": "00:09:30", "text": "remain very optimistic that we could"}, {"start": "00:09:28", "end": "00:09:31", "text": "have already bottomed out your two week"}, {"start": "00:09:30", "end": "00:09:34", "text": "as as well. Let me show you something"}, {"start": "00:09:31", "end": "00:09:36", "text": "here. So, look at the this from green to"}, {"start": "00:09:34", "end": "00:09:38", "text": "red right here over on market cipher B."}, {"start": "00:09:36", "end": "00:09:40", "text": "This was the bottom. This was this"}, {"start": "00:09:38", "end": "00:09:42", "text": "bottom in, you know, 2019. You know,"}, {"start": "00:09:40", "end": "00:09:43", "text": "obviously not counting the pandemic. I"}, {"start": "00:09:42", "end": "00:09:46", "text": "expected that. And then the same thing"}, {"start": "00:09:43", "end": "00:09:48", "text": "here in our last bare market, December"}, {"start": "00:09:46", "end": "00:09:49", "text": "22. Once you went from green to red"}, {"start": "00:09:48", "end": "00:09:52", "text": "right here, that marked your bottom."}, {"start": "00:09:49", "end": "00:09:54", "text": "similar same exact thing right now that"}, {"start": "00:09:52", "end": "00:09:56", "text": "area. So there's a strong case to be"}, {"start": "00:09:54", "end": "00:09:58", "text": "made that this is the bottom and a very"}, {"start": "00:09:56", "end": "00:10:00", "text": "strong case to be made that Bitcoin will"}, {"start": "00:09:58", "end": "00:10:02", "text": "outperform SpaceX outperform Nvidia"}, {"start": "00:10:00", "end": "00:10:04", "text": "outperform pretty much AI most AI in"}, {"start": "00:10:02", "end": "00:10:05", "text": "general in the second half of this year."}, {"start": "00:10:04", "end": "00:10:07", "text": "I do think that it's going to be kind of"}, {"start": "00:10:05", "end": "00:10:08", "text": "choppy. That's typical of summers. It"}, {"start": "00:10:07", "end": "00:10:11", "text": "could be a snoozefest. It could be like"}, {"start": "00:10:08", "end": "00:10:13", "text": "watching paint dry very rangebound. But"}, {"start": "00:10:11", "end": "00:10:14", "text": "I do think eventually in probably"}, {"start": "00:10:13", "end": "00:10:17", "text": "quarter 4 this year, hopefully earlier"}, {"start": "00:10:14", "end": "00:10:19", "text": "though, that we'll break above this area"}, {"start": "00:10:17", "end": "00:10:22", "text": "and hit a technical target right around"}, {"start": "00:10:19", "end": "00:10:24", "text": "91k and hit this trend trend line"}, {"start": "00:10:22", "end": "00:10:26", "text": "sometime in quarter 4, maybe November,"}, {"start": "00:10:24", "end": "00:10:28", "text": "maybe December. I'm looking at 90K, 92K"}, {"start": "00:10:26", "end": "00:10:30", "text": "by end of year hopefully."}, {"start": "00:10:28", "end": "00:10:31", "text": ">> All right. So, you're bullish on"}, {"start": "00:10:30", "end": "00:10:33", "text": "Bitcoin. If you look further in this"}, {"start": "00:10:31", "end": "00:10:36", "text": "article, they're kind of hitting on this"}, {"start": "00:10:33", "end": "00:10:38", "text": "first day pop 25 to 30 on SpaceX. that"}, {"start": "00:10:36", "end": "00:10:40", "text": "could trigger a wealth effect rotation"}, {"start": "00:10:38", "end": "00:10:43", "text": "because there's a lot of old money"}, {"start": "00:10:40", "end": "00:10:47", "text": "sitting in SpaceX stock right now when"}, {"start": "00:10:43", "end": "00:10:49", "text": "it went IPO whether it moves into the"}, {"start": "00:10:47", "end": "00:10:50", "text": "situation of Bitcoin or other assets and"}, {"start": "00:10:49", "end": "00:10:52", "text": "like you said Bitcoin being very beat up"}, {"start": "00:10:50", "end": "00:10:54", "text": "but there's other analysts out there"}, {"start": "00:10:52", "end": "00:10:56", "text": "that are saying no that's not what's"}, {"start": "00:10:54", "end": "00:10:57", "text": "going to happen the IPO is unlikely to"}, {"start": "00:10:56", "end": "00:11:00", "text": "be the catalyst that turns Bitcoin"}, {"start": "00:10:57", "end": "00:11:02", "text": "around this is talking about McCarthy"}, {"start": "00:11:00", "end": "00:11:04", "text": "and he says if anything it's more likely"}, {"start": "00:11:02", "end": "00:11:07", "text": "to continue to suck air out of the room"}, {"start": "00:11:04", "end": "00:11:11", "text": "So, I look at it right now. If you see"}, {"start": "00:11:07", "end": "00:11:12", "text": "Bitcoin at around 60K to the 63K zone,"}, {"start": "00:11:11", "end": "00:11:15", "text": "which is what we've had in the last"}, {"start": "00:11:12", "end": "00:11:18", "text": "week, uh the opportunity to jump back"}, {"start": "00:11:15", "end": "00:11:21", "text": "into Bitcoin, if you've jumped out of it"}, {"start": "00:11:18", "end": "00:11:23", "text": "on this down, did you take a tax loss?"}, {"start": "00:11:21", "end": "00:11:26", "text": "Maybe you look at that as a new position"}, {"start": "00:11:23", "end": "00:11:29", "text": "on Bitcoin. Do you feel like we can see"}, {"start": "00:11:26", "end": "00:11:31", "text": "a lower than 60k Bitcoin with what we"}, {"start": "00:11:29", "end": "00:11:35", "text": "know right now in the markets? I think"}, {"start": "00:11:31", "end": "00:11:38", "text": "it's highly unlikely you would lose 60K"}, {"start": "00:11:35", "end": "00:11:39", "text": "until probably the end of the summer. I"}, {"start": "00:11:38", "end": "00:11:42", "text": "think it's very unlikely that you would"}, {"start": "00:11:39", "end": "00:11:44", "text": "go below say if you do see a lower low,"}, {"start": "00:11:42", "end": "00:11:45", "text": "I would be looking at somewhere between,"}, {"start": "00:11:44", "end": "00:11:47", "text": "you know, somewhere in the 50s. I mean"}, {"start": "00:11:45", "end": "00:11:49", "text": "48K is a big area. I'll show you my"}, {"start": "00:11:47", "end": "00:11:51", "text": "worst case scenario, which is right"}, {"start": "00:11:49", "end": "00:11:54", "text": "going to be right at your twoe 200 SMA."}, {"start": "00:11:51", "end": "00:11:56", "text": "It's 42K. this may I don't think we're"}, {"start": "00:11:54", "end": "00:11:57", "text": "going to go this low but if we do I"}, {"start": "00:11:56", "end": "00:12:01", "text": "think it's going to be kind of like how"}, {"start": "00:11:57", "end": "00:12:04", "text": "we went below like you know 20k here it"}, {"start": "00:12:01", "end": "00:12:05", "text": "wasn't below 20k for that long so"}, {"start": "00:12:04", "end": "00:12:07", "text": ">> this is worst case scenario I don't"}, {"start": "00:12:05", "end": "00:12:09", "text": "think it's going to be as bad as 2022"}, {"start": "00:12:07", "end": "00:12:11", "text": "but if it is kind of like that and we do"}, {"start": "00:12:09", "end": "00:12:14", "text": "go into the 40ks it's probably not going"}, {"start": "00:12:11", "end": "00:12:16", "text": "to be that low for that long and I think"}, {"start": "00:12:14", "end": "00:12:18", "text": "it's kind of foolish to try to wait for"}, {"start": "00:12:16", "end": "00:12:20", "text": "that because nobody it's very hard to"}, {"start": "00:12:18", "end": "00:12:22", "text": "buy the exact low I mean we've been"}, {"start": "00:12:20", "end": "00:12:24", "text": "doing this a long time Paul it's hard"}, {"start": "00:12:22", "end": "00:12:27", "text": "you No, it's"}, {"start": "00:12:24", "end": "00:12:30", "text": ">> if you if you're within 10 to 20% of a"}, {"start": "00:12:27", "end": "00:12:33", "text": "low, in my opinion, you you've made a"}, {"start": "00:12:30", "end": "00:12:35", "text": "winning bet uh in terms of that asset"}, {"start": "00:12:33", "end": "00:12:37", "text": "class, especially one that's as volatile"}, {"start": "00:12:35", "end": "00:12:39", "text": "as Bitcoin, which has been pretty much"}, {"start": "00:12:37", "end": "00:12:42", "text": "the the case right now. I want to move"}, {"start": "00:12:39", "end": "00:12:44", "text": "to Salana. Um, and you've got right here"}, {"start": "00:12:42", "end": "00:12:46", "text": "the moment SpaceX begins trading on"}, {"start": "00:12:44", "end": "00:12:48", "text": "NASDAQ, which we've noticed, tokenized"}, {"start": "00:12:46", "end": "00:12:49", "text": "SpaceX shares will go live on Salana."}, {"start": "00:12:48", "end": "00:12:52", "text": "We're starting to see a lot of movement"}, {"start": "00:12:49", "end": "00:12:53", "text": "out there on this. SpaceX after hours is"}, {"start": "00:12:52", "end": "00:12:57", "text": "most likely going to be very active"}, {"start": "00:12:53", "end": "00:12:58", "text": "because we are on a Friday and"}, {"start": "00:12:57", "end": "00:13:00", "text": "everybody's going to be looking to trade"}, {"start": "00:12:58", "end": "00:13:01", "text": "this over the weekend because of the"}, {"start": "00:13:00", "end": "00:13:04", "text": "volatility. So most likely you're going"}, {"start": "00:13:01", "end": "00:13:07", "text": "to see hyperlquid absolutely exploding."}, {"start": "00:13:04", "end": "00:13:09", "text": "When you look at Salana right now though"}, {"start": "00:13:07", "end": "00:13:13", "text": "and the potential here for what Salana"}, {"start": "00:13:09", "end": "00:13:15", "text": "could do in the next say three to six"}, {"start": "00:13:13", "end": "00:13:18", "text": "months toward the end of the year. Where"}, {"start": "00:13:15", "end": "00:13:20", "text": "do you place Salana right now?"}, {"start": "00:13:18", "end": "00:13:21", "text": ">> Salana could be a good bet. I mean,"}, {"start": "00:13:20", "end": "00:13:24", "text": "getting a nice jump. You got a nice"}, {"start": "00:13:21", "end": "00:13:26", "text": "momentum change in your two uh two-day"}, {"start": "00:13:24", "end": "00:13:27", "text": "right here. I mean, I think it's very"}, {"start": "00:13:26", "end": "00:13:29", "text": "likely that you're at least going to"}, {"start": "00:13:27", "end": "00:13:32", "text": "jump up, you know, sometime over the"}, {"start": "00:13:29", "end": "00:13:34", "text": "summer up to $77, which I know that's"}, {"start": "00:13:32", "end": "00:13:36", "text": "not a lot for some people, but keep in"}, {"start": "00:13:34", "end": "00:13:37", "text": "mind summers tend to be a snoozefest."}, {"start": "00:13:36", "end": "00:13:40", "text": "So, some things, you know, if you can"}, {"start": "00:13:37", "end": "00:13:42", "text": "move up even just 20% from right here on"}, {"start": "00:13:40", "end": "00:13:44", "text": "some coins, that could be good. Summer"}, {"start": "00:13:42", "end": "00:13:45", "text": "is typically boring. I think Salana"}, {"start": "00:13:44", "end": "00:13:47", "text": "could be a really good buy, you know,"}, {"start": "00:13:45", "end": "00:13:49", "text": "really good trade at least, you know, up"}, {"start": "00:13:47", "end": "00:13:51", "text": "to these levels, $80. If you can break"}, {"start": "00:13:49", "end": "00:13:53", "text": "above those points, I could see 97. So,"}, {"start": "00:13:51", "end": "00:13:55", "text": "if I really had to guess here, I think"}, {"start": "00:13:53", "end": "00:13:56", "text": "it's going to generally um be upward"}, {"start": "00:13:55", "end": "00:13:59", "text": "into the end of the year. Kind of slow."}, {"start": "00:13:56", "end": "00:14:00", "text": "I think we can get up to back to 100 by"}, {"start": "00:13:59", "end": "00:14:02", "text": "the end of the year. By quarter 4, you"}, {"start": "00:14:00", "end": "00:14:04", "text": "know, sometime in quarter 4, excuse me."}, {"start": "00:14:02", "end": "00:14:05", "text": "Those kind of times I would see 100,"}, {"start": "00:14:04", "end": "00:14:07", "text": "maybe even more than that. It's kind of"}, {"start": "00:14:05", "end": "00:14:09", "text": "hard to say. The thing though with"}, {"start": "00:14:07", "end": "00:14:11", "text": "Salana is if you look at it versus"}, {"start": "00:14:09", "end": "00:14:13", "text": "Bitcoin, it's getting a jump here, but"}, {"start": "00:14:11", "end": "00:14:15", "text": "when you zoom out, it just keeps going"}, {"start": "00:14:13", "end": "00:14:17", "text": "down versus Bitcoin. So, it could be a"}, {"start": "00:14:15", "end": "00:14:18", "text": "little bit premature for my risk"}, {"start": "00:14:17", "end": "00:14:21", "text": "tolerance. I want to see a little bit"}, {"start": "00:14:18", "end": "00:14:23", "text": "more of a jump on its Bitcoin pair"}, {"start": "00:14:21", "end": "00:14:25", "text": "before I go in significantly um on"}, {"start": "00:14:23", "end": "00:14:26", "text": "Salana. And when would we see that?"}, {"start": "00:14:25", "end": "00:14:28", "text": "Potentially at the end of the summer."}, {"start": "00:14:26", "end": "00:14:30", "text": "You may need a month, two more months to"}, {"start": "00:14:28", "end": "00:14:32", "text": "for it to really start to shine against"}, {"start": "00:14:30", "end": "00:14:34", "text": "Bitcoin. So yeah,"}, {"start": "00:14:32", "end": "00:14:36", "text": ">> Lily Lou was kind of talking about this"}, {"start": "00:14:34", "end": "00:14:39", "text": "whole con well the whole issue of after"}, {"start": "00:14:36", "end": "00:14:40", "text": "hours trading which could you know play"}, {"start": "00:14:39", "end": "00:14:42", "text": "into this and we'll talk about"}, {"start": "00:14:40", "end": "00:14:44", "text": "hyperlquid in a second. Let me go to"}, {"start": "00:14:42", "end": "00:14:45", "text": "this clip with Lily."}, {"start": "00:14:44", "end": "00:14:47", "text": ">> But it's also fundamentally"}, {"start": "00:14:45", "end": "00:14:49", "text": "infrastructure and it's infrastructure"}, {"start": "00:14:47", "end": "00:14:52", "text": "for finance globally accessible to"}, {"start": "00:14:49", "end": "00:14:53", "text": "everyone uh 247 wherever you might be as"}, {"start": "00:14:52", "end": "00:14:56", "text": "long as you're on the internet and"}, {"start": "00:14:53", "end": "00:14:58", "text": "that's now 5 a half billion people. So"}, {"start": "00:14:56", "end": "00:15:00", "text": "actually with regards to the SpaceX IPO"}, {"start": "00:14:58", "end": "00:15:02", "text": "it's going to be available on Salana"}, {"start": "00:15:00", "end": "00:15:04", "text": "tomorrow as soon as it's available"}, {"start": "00:15:02", "end": "00:15:07", "text": "anywhere you can get it on Salana on the"}, {"start": "00:15:04", "end": "00:15:11", "text": "internet. uh and that's going to be"}, {"start": "00:15:07", "end": "00:15:14", "text": "through uh Xbox, Ono, Sunrise, uh number"}, {"start": "00:15:11", "end": "00:15:17", "text": "of other different issuers and uh really"}, {"start": "00:15:14", "end": "00:15:18", "text": "globally accessible wherever you can log"}, {"start": "00:15:17", "end": "00:15:21", "text": "in. And so I think that's really"}, {"start": "00:15:18", "end": "00:15:23", "text": "powerful and really highlights that uh"}, {"start": "00:15:21", "end": "00:15:24", "text": "crypto it's not just an asset class."}, {"start": "00:15:23", "end": "00:15:27", "text": "It's not just a ticker. Uh but it's"}, {"start": "00:15:24", "end": "00:15:29", "text": "ultimately those tokens are uh in some"}, {"start": "00:15:27", "end": "00:15:30", "text": "cases like Bitcoin, a little bit more"}, {"start": "00:15:29", "end": "00:15:33", "text": "like digital gold. In the case of other"}, {"start": "00:15:30", "end": "00:15:35", "text": "tokens, uh these really represent a"}, {"start": "00:15:33", "end": "00:15:38", "text": "global infrastructure network. uh where"}, {"start": "00:15:35", "end": "00:15:39", "text": "uh its whole purpose is to make finance"}, {"start": "00:15:38", "end": "00:15:40", "text": "accessible to everybody."}, {"start": "00:15:39", "end": "00:15:42", "text": ">> Yes."}, {"start": "00:15:40", "end": "00:15:44", "text": ">> Just to be clear for everybody watching"}, {"start": "00:15:42", "end": "00:15:45", "text": "right now on today's video, that video"}, {"start": "00:15:44", "end": "00:15:47", "text": "was from yesterday where she was"}, {"start": "00:15:45", "end": "00:15:50", "text": "announcing this. This is already"}, {"start": "00:15:47", "end": "00:15:51", "text": "available and live uh currently on XTO."}, {"start": "00:15:50", "end": "00:15:54", "text": "So you can get this on Salana, you can"}, {"start": "00:15:51", "end": "00:15:56", "text": "get this on Hyperlquid, all sorts of"}, {"start": "00:15:54", "end": "00:15:58", "text": "opportunities out here in terms of"}, {"start": "00:15:56", "end": "00:16:02", "text": "postmarket trading. And this kind of"}, {"start": "00:15:58", "end": "00:16:05", "text": "goes to the whole point of why Trad is"}, {"start": "00:16:02", "end": "00:16:09", "text": "essentially losing all this volatility"}, {"start": "00:16:05", "end": "00:16:11", "text": "now after a trillion dollar launch"}, {"start": "00:16:09", "end": "00:16:14", "text": "on Main Street Wall Street and we're"}, {"start": "00:16:11", "end": "00:16:17", "text": "going into the weekend on what could be"}, {"start": "00:16:14", "end": "00:16:19", "text": "one of the most volatile uh stocks in"}, {"start": "00:16:17", "end": "00:16:21", "text": "this particular case uh that's ever hit"}, {"start": "00:16:19", "end": "00:16:23", "text": "the market before. When you look at that"}, {"start": "00:16:21", "end": "00:16:25", "text": "and you kind of consider where Hyperlid"}, {"start": "00:16:23", "end": "00:16:28", "text": "is right now, which it's up a little"}, {"start": "00:16:25", "end": "00:16:29", "text": "bit, but you'll notice here, uh, Scott"}, {"start": "00:16:28", "end": "00:16:31", "text": "kind of talked about it a little bit. I"}, {"start": "00:16:29", "end": "00:16:33", "text": "think this is exactly to the point looks"}, {"start": "00:16:31", "end": "00:16:35", "text": "like Hyperlid and SpaceX accurately"}, {"start": "00:16:33", "end": "00:16:38", "text": "priced in advance of the IPO. It just"}, {"start": "00:16:35", "end": "00:16:40", "text": "shows you how mature these aftermarket"}, {"start": "00:16:38", "end": "00:16:41", "text": "and these uh, and I think what we're"}, {"start": "00:16:40", "end": "00:16:44", "text": "going to see in the per markets going"}, {"start": "00:16:41", "end": "00:16:46", "text": "forward really play into how investors"}, {"start": "00:16:44", "end": "00:16:48", "text": "are are playing this. When you look at"}, {"start": "00:16:46", "end": "00:16:51", "text": "the hype chart, Evan, would you buy this"}, {"start": "00:16:48", "end": "00:16:55", "text": "right now? probably at least for a"}, {"start": "00:16:51", "end": "00:16:57", "text": "trade, Paul. There's always a coin that"}, {"start": "00:16:55", "end": "00:16:58", "text": "I It's funny. It's been meme coins in"}, {"start": "00:16:57", "end": "00:17:00", "text": "recent years, but there's always some"}, {"start": "00:16:58", "end": "00:17:02", "text": "coin that's hot and it's always really"}, {"start": "00:17:00", "end": "00:17:04", "text": "easy to trade because it it most of the"}, {"start": "00:17:02", "end": "00:17:05", "text": "time when it comes down, you you can get"}, {"start": "00:17:04", "end": "00:17:07", "text": "a big jump. And this looks pretty good."}, {"start": "00:17:05", "end": "00:17:08", "text": "You're forming a nice, you know,"}, {"start": "00:17:07", "end": "00:17:10", "text": "momentum change on your daily. Nice"}, {"start": "00:17:08", "end": "00:17:11", "text": "trigger wave right there. Look at the"}, {"start": "00:17:10", "end": "00:17:13", "text": "last one, you know, back here. You"}, {"start": "00:17:11", "end": "00:17:15", "text": "consolidated, then you jumped up. So,"}, {"start": "00:17:13", "end": "00:17:17", "text": "it's very likely that you could run this"}, {"start": "00:17:15", "end": "00:17:18", "text": "up to, you know, 75. I think it's"}, {"start": "00:17:17", "end": "00:17:20", "text": "inevitable that this thing is going to"}, {"start": "00:17:18", "end": "00:17:22", "text": "go up to 95 and then 120. You know, it's"}, {"start": "00:17:20", "end": "00:17:25", "text": "just more of a matter of of when, you"}, {"start": "00:17:22", "end": "00:17:27", "text": "know, within a couple years, I would say"}, {"start": "00:17:25", "end": "00:17:28", "text": "that area. So, I think hyperlid's pretty"}, {"start": "00:17:27", "end": "00:17:30", "text": "good. I mean, you do have a momentum"}, {"start": "00:17:28", "end": "00:17:31", "text": "change on your weekly. So, there's going"}, {"start": "00:17:30", "end": "00:17:33", "text": "to be a bearish case here. I mean, your"}, {"start": "00:17:31", "end": "00:17:35", "text": "weekly is showing a potential momentum"}, {"start": "00:17:33", "end": "00:17:36", "text": "change that confirms in two days. You"}, {"start": "00:17:35", "end": "00:17:38", "text": "may jump and, you know, kind of avoid"}, {"start": "00:17:36", "end": "00:17:40", "text": "that before that happens. If you look at"}, {"start": "00:17:38", "end": "00:17:42", "text": "Hyperlid, you know, versus Bitcoin right"}, {"start": "00:17:40", "end": "00:17:44", "text": "here, it it still looks pretty good."}, {"start": "00:17:42", "end": "00:17:46", "text": "You're not even seeing that momentum"}, {"start": "00:17:44", "end": "00:17:47", "text": "change just yet. So, you know, it's kind"}, {"start": "00:17:46", "end": "00:17:48", "text": "of the sky's is the limit for this."}, {"start": "00:17:47", "end": "00:17:50", "text": "You're seeing a little bit of a change,"}, {"start": "00:17:48", "end": "00:17:51", "text": "but I I think in all likelihood, you"}, {"start": "00:17:50", "end": "00:17:53", "text": "know, just based on what this usually"}, {"start": "00:17:51", "end": "00:17:55", "text": "does and based on the fundamentals of"}, {"start": "00:17:53", "end": "00:17:58", "text": "this, it probably should jump on its USD"}, {"start": "00:17:55", "end": "00:18:00", "text": "pair and on against Bitcoin in the next"}, {"start": "00:17:58", "end": "00:18:02", "text": "couple days, couple weeks. So, yeah."}, {"start": "00:18:00", "end": "00:18:05", "text": ">> Okay. Just so everybody knows, just in"}, {"start": "00:18:02", "end": "00:18:08", "text": "the last two days, we're up 15% on"}, {"start": "00:18:05", "end": "00:18:10", "text": "Hyperlid. Uh if you look at that over"}, {"start": "00:18:08", "end": "00:18:13", "text": "just the last few weeks coming in from"}, {"start": "00:18:10", "end": "00:18:14", "text": "May the 14th right there uh even if you"}, {"start": "00:18:13", "end": "00:18:16", "text": "were holding through you're still up"}, {"start": "00:18:14", "end": "00:18:19", "text": "58%. If you were selling up here at the"}, {"start": "00:18:16", "end": "00:18:23", "text": "high, that was a 90% move. So pretty"}, {"start": "00:18:19", "end": "00:18:25", "text": "significant with the volatility that I"}, {"start": "00:18:23", "end": "00:18:27", "text": "think SpaceX and then think about this"}, {"start": "00:18:25", "end": "00:18:30", "text": "Evan. You've got Anthropic coming down"}, {"start": "00:18:27", "end": "00:18:31", "text": "the pipeline, Open AI coming down the"}, {"start": "00:18:30", "end": "00:18:34", "text": "pip. All of these are going to benefit"}, {"start": "00:18:31", "end": "00:18:37", "text": "when I say the these meaning something"}, {"start": "00:18:34", "end": "00:18:38", "text": "like Hyperlid and Salana in general. If"}, {"start": "00:18:37", "end": "00:18:40", "text": "you look at that, you could even go to"}, {"start": "00:18:38", "end": "00:18:41", "text": "the Jup token in general just because of"}, {"start": "00:18:40", "end": "00:18:44", "text": "the platforms that this is going to be"}, {"start": "00:18:41", "end": "00:18:46", "text": "traded on in aftermarket. So volatility"}, {"start": "00:18:44", "end": "00:18:48", "text": "and or should say volume as well as"}, {"start": "00:18:46", "end": "00:18:50", "text": "volatility are going to be traded I"}, {"start": "00:18:48", "end": "00:18:52", "text": "think at a premium. So lots of good"}, {"start": "00:18:50", "end": "00:18:55", "text": "opportunity here. Let's jump over to a"}, {"start": "00:18:52", "end": "00:18:57", "text": "clip here. I've got one of Sailor that I"}, {"start": "00:18:55", "end": "00:18:59", "text": "want to play for you and get your"}, {"start": "00:18:57", "end": "00:19:01", "text": "opinion on this. Take a look."}, {"start": "00:18:59", "end": "00:19:04", "text": ">> You know confidence in Ethereum has"}, {"start": "00:19:01", "end": "00:19:06", "text": "collapsed if you're paying attention."}, {"start": "00:19:04", "end": "00:19:08", "text": "What what you see in the rest of the"}, {"start": "00:19:06", "end": "00:19:11", "text": "crypto market is there's a competition"}, {"start": "00:19:08", "end": "00:19:14", "text": "between Ethereum, Salana, BNB for the"}, {"start": "00:19:11", "end": "00:19:16", "text": "long time was the next Salana and then"}, {"start": "00:19:14", "end": "00:19:18", "text": "that collapse and now there's hype"}, {"start": "00:19:16", "end": "00:19:21", "text": "hyperlquid and then there's competition"}, {"start": "00:19:18", "end": "00:19:23", "text": "at the layer twos with our vitro and and"}, {"start": "00:19:21", "end": "00:19:25", "text": "base and all of those things have"}, {"start": "00:19:23", "end": "00:19:27", "text": "stripped the monetary premium out of all"}, {"start": "00:19:25", "end": "00:19:29", "text": "those crypto tokens and I think that I"}, {"start": "00:19:27", "end": "00:19:32", "text": "think that even the people that believe"}, {"start": "00:19:29", "end": "00:19:34", "text": "in the tokens realize that they're not"}, {"start": "00:19:32", "end": "00:19:35", "text": "money. They're not going to have a"}, {"start": "00:19:34", "end": "00:19:37", "text": "monetary premium. They're going to live"}, {"start": "00:19:35", "end": "00:19:42", "text": "or die based on utility and they're all"}, {"start": "00:19:37", "end": "00:19:43", "text": "in a a difficult competition."}, {"start": "00:19:42", "end": "00:19:45", "text": ">> All right. So, what uh Sailor is talking"}, {"start": "00:19:43", "end": "00:19:47", "text": "about is that Ethereum's got"}, {"start": "00:19:45", "end": "00:19:49", "text": "competition. Uh he's talking about"}, {"start": "00:19:47", "end": "00:19:51", "text": "utility. Live and die by it. I agree"}, {"start": "00:19:49", "end": "00:19:53", "text": "with that. I don't necessarily agree"}, {"start": "00:19:51", "end": "00:19:55", "text": "that Ethereum is going to have that much"}, {"start": "00:19:53", "end": "00:19:56", "text": "competition. We're already starting to"}, {"start": "00:19:55", "end": "00:19:59", "text": "see advancements, I think, within the"}, {"start": "00:19:56", "end": "00:20:01", "text": "ETH ecosystem that could make it the"}, {"start": "00:19:59", "end": "00:20:03", "text": "right play, but it doesn't necessarily"}, {"start": "00:20:01", "end": "00:20:04", "text": "show it on the charts."}, {"start": "00:20:03", "end": "00:20:07", "text": "When you look at the ETH chart right"}, {"start": "00:20:04", "end": "00:20:09", "text": "now, Evan, tell me something. Am I"}, {"start": "00:20:07", "end": "00:20:12", "text": "buying this token or not?"}, {"start": "00:20:09", "end": "00:20:13", "text": ">> Yeah, I mean pro on its USD pair. I"}, {"start": "00:20:12", "end": "00:20:15", "text": "mean, it's pretty, you know, it's pretty"}, {"start": "00:20:13", "end": "00:20:16", "text": "obvious. I mean, it's making a higher"}, {"start": "00:20:15", "end": "00:20:17", "text": "low here. It's looking pretty good."}, {"start": "00:20:16", "end": "00:20:19", "text": "There's a lot of potential bottom"}, {"start": "00:20:17", "end": "00:20:22", "text": "signals. I mean, this is obvious very"}, {"start": "00:20:19", "end": "00:20:24", "text": "likely going to come back to,00 probably"}, {"start": "00:20:22", "end": "00:20:26", "text": "over 2,000, you know, at some point"}, {"start": "00:20:24", "end": "00:20:28", "text": "within the next 3 4 months. The bet the"}, {"start": "00:20:26", "end": "00:20:30", "text": "big question a lot of people would have"}, {"start": "00:20:28", "end": "00:20:32", "text": "is like, should I sell my Bitcoin to buy"}, {"start": "00:20:30", "end": "00:20:34", "text": "ETH right now? And it it's that's a"}, {"start": "00:20:32", "end": "00:20:36", "text": "tough question because if you look at"}, {"start": "00:20:34", "end": "00:20:39", "text": "ETH versus Bitcoin, it's bled since"}, {"start": "00:20:36", "end": "00:20:41", "text": "August of last year about 40% um against"}, {"start": "00:20:39", "end": "00:20:43", "text": "Bitcoin. You're not even seeing that"}, {"start": "00:20:41", "end": "00:20:45", "text": "much of a momentum change just yet. See,"}, {"start": "00:20:43", "end": "00:20:47", "text": "it just keeps kind of lagging behind"}, {"start": "00:20:45", "end": "00:20:49", "text": "Bitcoin right now. So, I think it may be"}, {"start": "00:20:47", "end": "00:20:51", "text": "a little premature. I think I want to"}, {"start": "00:20:49", "end": "00:20:54", "text": "see just like on Salana, I want to see a"}, {"start": "00:20:51", "end": "00:20:56", "text": "little bit more momentum here. And I I'm"}, {"start": "00:20:54", "end": "00:20:58", "text": "looking for this weekly to come into the"}, {"start": "00:20:56", "end": "00:20:59", "text": "green right here to convert some of my"}, {"start": "00:20:58", "end": "00:21:02", "text": "Bitcoin over to ETH just like what"}, {"start": "00:20:59", "end": "00:21:04", "text": "happened right here in uh 20 July of"}, {"start": "00:21:02", "end": "00:21:06", "text": "2020. I mean look at that big runup. So"}, {"start": "00:21:04", "end": "00:21:07", "text": "I think you know it depends on the type"}, {"start": "00:21:06", "end": "00:21:10", "text": "of trader you are your risk tolerance"}, {"start": "00:21:07", "end": "00:21:12", "text": "but I think it is you know you might the"}, {"start": "00:21:10", "end": "00:21:14", "text": "thing I feel like we want to wait for is"}, {"start": "00:21:12", "end": "00:21:16", "text": "we want to wait for a consensus that"}, {"start": "00:21:14", "end": "00:21:18", "text": "there's not going to be a rate hike this"}, {"start": "00:21:16", "end": "00:21:20", "text": "year and then a lot of these altcoins"}, {"start": "00:21:18", "end": "00:21:22", "text": "will start to show a lot more strength."}, {"start": "00:21:20", "end": "00:21:23", "text": "I think I think that's what's holding a"}, {"start": "00:21:22", "end": "00:21:25", "text": "lot of these back and"}, {"start": "00:21:23", "end": "00:21:28", "text": ">> well that's the key right now especially"}, {"start": "00:21:25", "end": "00:21:30", "text": "as we go into FOMC next week will be"}, {"start": "00:21:28", "end": "00:21:32", "text": "whether or not we see a rate hike and uh"}, {"start": "00:21:30", "end": "00:21:34", "text": "this will be interesting because uh with"}, {"start": "00:21:32", "end": "00:21:37", "text": "next week along with inflation playing"}, {"start": "00:21:34", "end": "00:21:39", "text": "into this the still we're in a war we're"}, {"start": "00:21:37", "end": "00:21:41", "text": "not in a war you know pingpong moves"}, {"start": "00:21:39", "end": "00:21:44", "text": "that uh Trump is playing back and forth"}, {"start": "00:21:41", "end": "00:21:46", "text": "in Iran all of this is pressure I think"}, {"start": "00:21:44", "end": "00:21:48", "text": "on the markets in general then you add"}, {"start": "00:21:46", "end": "00:21:50", "text": "the volatility of what's happening with"}, {"start": "00:21:48", "end": "00:21:53", "text": "SpaceX and this is what you get You get"}, {"start": "00:21:50", "end": "00:21:57", "text": "actual nukes happening with Avalanche."}, {"start": "00:21:53", "end": "00:22:02", "text": "Avalanch's treasury firm Avat"}, {"start": "00:21:57", "end": "00:22:04", "text": "uh crashed on its debut 38%"}, {"start": "00:22:02", "end": "00:22:07", "text": "down. Uh and of course Avalanche is"}, {"start": "00:22:04", "end": "00:22:09", "text": "trading at a 5-year low down 95% from"}, {"start": "00:22:07", "end": "00:22:12", "text": "the 2021 high. So when you look at"}, {"start": "00:22:09", "end": "00:22:14", "text": "Avalanche and you look at this really"}, {"start": "00:22:12", "end": "00:22:16", "text": "bad misstep I think in general of"}, {"start": "00:22:14", "end": "00:22:20", "text": "launching on I I mean come on, why would"}, {"start": "00:22:16", "end": "00:22:23", "text": "you launch on SpaceX day? This is just"}, {"start": "00:22:20", "end": "00:22:25", "text": "crazy, much less a crypto product. So,"}, {"start": "00:22:23", "end": "00:22:27", "text": "uh I just feel like this was a bad move"}, {"start": "00:22:25", "end": "00:22:29", "text": "in general. Where do you like or do you"}, {"start": "00:22:27", "end": "00:22:31", "text": "like Avalanche right now?"}, {"start": "00:22:29", "end": "00:22:33", "text": ">> You know, I mean, one of my bad best"}, {"start": "00:22:31", "end": "00:22:34", "text": "decisions, you know, you got to trade"}, {"start": "00:22:33", "end": "00:22:35", "text": "the market you have, not the market you"}, {"start": "00:22:34", "end": "00:22:37", "text": "want. I got out of this, you know,"}, {"start": "00:22:35", "end": "00:22:39", "text": "around the end of October. And, you"}, {"start": "00:22:37", "end": "00:22:41", "text": "know, I would be down 70% if I didn't"}, {"start": "00:22:39", "end": "00:22:42", "text": "get out of it around that time. I I need"}, {"start": "00:22:41", "end": "00:22:44", "text": "more momentum. You're not seeing any"}, {"start": "00:22:42", "end": "00:22:46", "text": "momentum. This thing just keeps"}, {"start": "00:22:44", "end": "00:22:47", "text": "bleeding. I mean, unfortunately, you"}, {"start": "00:22:46", "end": "00:22:49", "text": "could probably make a good argument that"}, {"start": "00:22:47", "end": "00:22:52", "text": "this may go to zero here. I mean, you're"}, {"start": "00:22:49", "end": "00:22:55", "text": "losing major support. Yeah. From I mean,"}, {"start": "00:22:52", "end": "00:22:57", "text": "I don't if you can break above $9 again"}, {"start": "00:22:55", "end": "00:22:58", "text": "and show strength, it would I would be"}, {"start": "00:22:57", "end": "00:23:00", "text": "more interested."}, {"start": "00:22:58", "end": "00:23:02", "text": ">> Um, anything below there, I'm not"}, {"start": "00:23:00", "end": "00:23:03", "text": "interested. I don't want this below $9."}, {"start": "00:23:02", "end": "00:23:04", "text": "So, that's all I'm going to say."}, {"start": "00:23:03", "end": "00:23:07", "text": ">> There you go. All right, guys. You know"}, {"start": "00:23:04", "end": "00:23:09", "text": "that. Uh, before we get out of here, I I"}, {"start": "00:23:07", "end": "00:23:10", "text": "want to go over and look at uh Jupiter"}, {"start": "00:23:09", "end": "00:23:13", "text": "real quick, just in general, because"}, {"start": "00:23:10", "end": "00:23:16", "text": "this is one of those correlated tokens"}, {"start": "00:23:13", "end": "00:23:18", "text": "that is within the Salana ecosystem. And"}, {"start": "00:23:16", "end": "00:23:20", "text": "in general, if you take a look at JUP,"}, {"start": "00:23:18", "end": "00:23:23", "text": "I'll bring up my chart right here. This"}, {"start": "00:23:20", "end": "00:23:25", "text": "is an interesting look. My question to"}, {"start": "00:23:23", "end": "00:23:27", "text": "you is, is this one that you would trade"}, {"start": "00:23:25", "end": "00:23:28", "text": "right now? What do you think about the"}, {"start": "00:23:27", "end": "00:23:31", "text": "JUP chart?"}, {"start": "00:23:28", "end": "00:23:33", "text": ">> It's very lowrisk, highreward. You just"}, {"start": "00:23:31", "end": "00:23:34", "text": "need invalidation points. And when I"}, {"start": "00:23:33", "end": "00:23:36", "text": "look at this chart, you know, right"}, {"start": "00:23:34", "end": "00:23:38", "text": "around high 16s right here, if you were"}, {"start": "00:23:36", "end": "00:23:40", "text": "to go long, and it's volatile. My thing"}, {"start": "00:23:38", "end": "00:23:43", "text": "won't even populate to do a stop loss"}, {"start": "00:23:40", "end": "00:23:46", "text": "here, but I got to manually move it. But"}, {"start": "00:23:43", "end": "00:23:47", "text": "if I go like this, you know, sky is kind"}, {"start": "00:23:46", "end": "00:23:49", "text": "of the limit here. So that's a 3 to1"}, {"start": "00:23:47", "end": "00:23:51", "text": "risk ratio. You'd only be risking about"}, {"start": "00:23:49", "end": "00:23:53", "text": "20%. So I think it's a good potential"}, {"start": "00:23:51", "end": "00:23:55", "text": "trade. You know, I think it it could be"}, {"start": "00:23:53", "end": "00:23:56", "text": "the bottom. It could jump up. Um, you"}, {"start": "00:23:55", "end": "00:24:00", "text": "know, the big thing, too, is let's look"}, {"start": "00:23:56", "end": "00:24:01", "text": "at this on its Bitcoin pair. And yeah, I"}, {"start": "00:24:00", "end": "00:24:03", "text": "mean, same thing here. It's outperformed"}, {"start": "00:24:01", "end": "00:24:05", "text": "Bitcoin, you know, through this whole"}, {"start": "00:24:03", "end": "00:24:07", "text": "year basically. So it's showing"}, {"start": "00:24:05", "end": "00:24:09", "text": "strength. You need invalidation points."}, {"start": "00:24:07", "end": "00:24:11", "text": "You need risk management, but I think it"}, {"start": "00:24:09", "end": "00:24:14", "text": "could be a good buy. Yeah, definitely."}, {"start": "00:24:11", "end": "00:24:16", "text": "up 15% in the last uh couple of days,"}, {"start": "00:24:14", "end": "00:24:18", "text": "too. So, Jupiter on the lookout. I don't"}, {"start": "00:24:16", "end": "00:24:21", "text": "know. We're gonna see. I think when you"}, {"start": "00:24:18", "end": "00:24:25", "text": "look at these alternative markets,"}, {"start": "00:24:21", "end": "00:24:27", "text": ">> this weekend may be the telling sign"}, {"start": "00:24:25", "end": "00:24:31", "text": "maybe to Wall Street in general of just"}, {"start": "00:24:27", "end": "00:24:33", "text": "how volatility and volume is going to be"}, {"start": "00:24:31", "end": "00:24:35", "text": "translated in off trading hours. All"}, {"start": "00:24:33", "end": "00:24:36", "text": "right, Evan. So, a lot happening"}, {"start": "00:24:35", "end": "00:24:38", "text": "obviously here with the SpaceX launch,"}, {"start": "00:24:36", "end": "00:24:39", "text": "but I think really what the real"}, {"start": "00:24:38", "end": "00:24:41", "text": "question is is how's this going to"}, {"start": "00:24:39", "end": "00:24:42", "text": "rotate into crypto over the next few"}, {"start": "00:24:41", "end": "00:24:44", "text": "months. We're going to get you back on"}, {"start": "00:24:42", "end": "00:24:47", "text": "the show. If you guys aren't following"}, {"start": "00:24:44", "end": "00:24:49", "text": "Evan Aldom, jump out there to YouTube"}, {"start": "00:24:47", "end": "00:24:51", "text": "right now and of course follow Evan over"}, {"start": "00:24:49", "end": "00:24:52", "text": "there. He's doing daily lives and all"}, {"start": "00:24:51", "end": "00:24:54", "text": "that as he's doing his travels"}, {"start": "00:24:52", "end": "00:24:55", "text": "worldwide. Thanks for coming in today,"}, {"start": "00:24:54", "end": "00:24:56", "text": "Evan. We appreciate it."}, {"start": "00:24:55", "end": "00:25:00", "text": ">> Yeah, always an honor, Paul. Great"}, {"start": "00:24:56", "end": "00:25:00", "text": "talking to you."}, {"start": "00:25:04", "end": "00:25:08", "text": "If you like this video, hit like and"}, {"start": "00:25:05", "end": "00:25:10", "text": "subscribe. Drop a comment down below and"}, {"start": "00:25:08", "end": "00:25:14", "text": "also join our free private member group."}, {"start": "00:25:10", "end": "00:25:14", "text": "The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Ripple is backhanding the banks as all"}, {"start": "00:00:02", "end": "00:00:06", "text": "of this is being exposed right now."}, {"start": "00:00:04", "end": "00:00:08", "text": "There's a lot we're going to be breaking"}, {"start": "00:00:06", "end": "00:00:10", "text": "down today. Let's get started. I want to"}, {"start": "00:00:08", "end": "00:00:13", "text": "thank our sponsor today and that is"}, {"start": "00:00:10", "end": "00:00:15", "text": "uphold. We've all been there. Expenses"}, {"start": "00:00:13", "end": "00:00:17", "text": "pop up right when the market's starting"}, {"start": "00:00:15", "end": "00:00:19", "text": "to heat up. It's not the right time to"}, {"start": "00:00:17", "end": "00:00:20", "text": "sell. The last thing you want to do is"}, {"start": "00:00:19", "end": "00:00:24", "text": "sell your Bitcoin, your Ethereum, your"}, {"start": "00:00:20", "end": "00:00:27", "text": "XRP, or even your stable coin USDC. This"}, {"start": "00:00:24", "end": "00:00:28", "text": "is exactly why Uphold launched the EXA"}, {"start": "00:00:27", "end": "00:00:31", "text": "credit card. When I found out about"}, {"start": "00:00:28", "end": "00:00:33", "text": "this, I was blown away. It's an instant"}, {"start": "00:00:31", "end": "00:00:35", "text": "line of credit that lets you borrow"}, {"start": "00:00:33", "end": "00:00:37", "text": "against your crypto without having to"}, {"start": "00:00:35", "end": "00:00:39", "text": "sell. All you have to do is just use"}, {"start": "00:00:37", "end": "00:00:42", "text": "your assets as collateral and spend it"}, {"start": "00:00:39", "end": "00:00:44", "text": "worldwide using a virtual Visa card."}, {"start": "00:00:42", "end": "00:00:46", "text": "This is the coolest feature I love about"}, {"start": "00:00:44", "end": "00:00:48", "text": "this. There are no credit checks and you"}, {"start": "00:00:46", "end": "00:00:50", "text": "can repay on a schedule that works"}, {"start": "00:00:48", "end": "00:00:53", "text": "specifically for you. It's the smartest"}, {"start": "00:00:50", "end": "00:00:56", "text": "way to stay long in the market while"}, {"start": "00:00:53", "end": "00:00:58", "text": "accessing your portfolio's value today."}, {"start": "00:00:56", "end": "00:01:01", "text": "Download the Uphold app and get your"}, {"start": "00:00:58", "end": "00:01:02", "text": "virtual Exa card in just a few taps."}, {"start": "00:01:01", "end": "00:01:05", "text": "Let's take a look at clarity. And of"}, {"start": "00:01:02", "end": "00:01:08", "text": "course, this is clarity all time pretty"}, {"start": "00:01:05", "end": "00:01:10", "text": "much no movement, guys. This is the"}, {"start": "00:01:08", "end": "00:01:12", "text": "issue that we are facing right now with"}, {"start": "00:01:10", "end": "00:01:15", "text": "of course DC continuing to slow down."}, {"start": "00:01:12", "end": "00:01:17", "text": "Well, what we have today to show you may"}, {"start": "00:01:15", "end": "00:01:19", "text": "change the course of where clarity is"}, {"start": "00:01:17", "end": "00:01:20", "text": "going because I think lawmakers once"}, {"start": "00:01:19", "end": "00:01:22", "text": "they hear some of the things we're going"}, {"start": "00:01:20", "end": "00:01:24", "text": "to reveal. They are going to start to"}, {"start": "00:01:22", "end": "00:01:26", "text": "change their minds of how these banks"}, {"start": "00:01:24", "end": "00:01:29", "text": "are actually playing ball. I want to go"}, {"start": "00:01:26", "end": "00:01:31", "text": "to a clip real quick cuz this is Brad"}, {"start": "00:01:29", "end": "00:01:33", "text": "calling out Jamie Diamond. Take a look."}, {"start": "00:01:31", "end": "00:01:35", "text": ">> But you heard what Jaime Diamond said to"}, {"start": "00:01:33", "end": "00:01:37", "text": "me. He's not happy with the Clarity Act."}, {"start": "00:01:35", "end": "00:01:39", "text": "He doesn't like the fact that the crypto"}, {"start": "00:01:37", "end": "00:01:40", "text": "companies will be able to pay rewards."}, {"start": "00:01:39", "end": "00:01:42", "text": "He's going to fight it. What is your"}, {"start": "00:01:40", "end": "00:01:44", "text": "take from Ripple's standpoint?"}, {"start": "00:01:42", "end": "00:01:46", "text": ">> Jaimeie Diamond has been dismissing this"}, {"start": "00:01:44", "end": "00:01:48", "text": "industry for a decade. I think Jaime"}, {"start": "00:01:46", "end": "00:01:50", "text": "Diamond also should be clear that, you"}, {"start": "00:01:48", "end": "00:01:52", "text": "know, he is trying to protect and dig a"}, {"start": "00:01:50", "end": "00:01:54", "text": "deeper moat for a business that's"}, {"start": "00:01:52", "end": "00:01:56", "text": "extremely profitable for them and they"}, {"start": "00:01:54", "end": "00:01:58", "text": "want to kind of maintain the status quo."}, {"start": "00:01:56", "end": "00:02:00", "text": "It's either intentionally"}, {"start": "00:01:58", "end": "00:02:02", "text": "misrepresentation or even negligent to"}, {"start": "00:02:00", "end": "00:02:04", "text": "try to make uh support for the Clarity"}, {"start": "00:02:02", "end": "00:02:05", "text": "Act go away. As much as we could talk"}, {"start": "00:02:04", "end": "00:02:07", "text": "about whether or not Brian Armstrong is"}, {"start": "00:02:05", "end": "00:02:08", "text": "representing the industry, he's not."}, {"start": "00:02:07", "end": "00:02:10", "text": "He's representing Coinbase."}, {"start": "00:02:08", "end": "00:02:12", "text": ">> All right, guys. So there you saw with"}, {"start": "00:02:10", "end": "00:02:15", "text": "uh Brad really going hard on Jamie"}, {"start": "00:02:12", "end": "00:02:17", "text": "Diamond mainly calling him either"}, {"start": "00:02:15", "end": "00:02:19", "text": "negligent or doing it on purpose. What"}, {"start": "00:02:17", "end": "00:02:21", "text": "do you guys think? Drop down just drop"}, {"start": "00:02:19", "end": "00:02:23", "text": "some comments down below. We'd love to"}, {"start": "00:02:21", "end": "00:02:25", "text": "get your feedback. Ripple though does"}, {"start": "00:02:23", "end": "00:02:26", "text": "continue to to support the cause and"}, {"start": "00:02:25", "end": "00:02:28", "text": "what they're doing here at the"}, {"start": "00:02:26", "end": "00:02:30", "text": "congressional baseball game trying to"}, {"start": "00:02:28", "end": "00:02:32", "text": "push lawmakers into a position to where"}, {"start": "00:02:30", "end": "00:02:33", "text": "they understand this is good for the"}, {"start": "00:02:32", "end": "00:02:35", "text": "industry. It's good for Americans."}, {"start": "00:02:33", "end": "00:02:37", "text": "That's the message that they are"}, {"start": "00:02:35", "end": "00:02:39", "text": "sending. I have a clip here that I want"}, {"start": "00:02:37", "end": "00:02:42", "text": "to play for you guys because this clip"}, {"start": "00:02:39", "end": "00:02:45", "text": "will get into Brad going into a"}, {"start": "00:02:42", "end": "00:02:47", "text": "comparison of how they are doing versus"}, {"start": "00:02:45", "end": "00:02:48", "text": "JP Morgan. Take a look."}, {"start": "00:02:47", "end": "00:02:51", "text": ">> And even as I said earlier, Jamie"}, {"start": "00:02:48", "end": "00:02:53", "text": "Diamond used to, you know, only say bad"}, {"start": "00:02:51", "end": "00:02:55", "text": "things about this industry. And even he"}, {"start": "00:02:53", "end": "00:02:56", "text": "is acknowledging things like stable"}, {"start": "00:02:55", "end": "00:02:58", "text": "coins are are really going to be an"}, {"start": "00:02:56", "end": "00:03:00", "text": "integral part of our future payment"}, {"start": "00:02:58", "end": "00:03:02", "text": "system. And our stable coin growth, you"}, {"start": "00:03:00", "end": "00:03:04", "text": "know, we launched uh that about 18"}, {"start": "00:03:02", "end": "00:03:06", "text": "months ago and it's already a top five"}, {"start": "00:03:04", "end": "00:03:09", "text": "stable coin. And if you look at JP"}, {"start": "00:03:06", "end": "00:03:11", "text": "Morgan, they generate $20 billion dollar"}, {"start": "00:03:09", "end": "00:03:13", "text": "of revenue from their payments business."}, {"start": "00:03:11", "end": "00:03:16", "text": "We expect to end this year with a"}, {"start": "00:03:13", "end": "00:03:18", "text": "billion dollar revenue run rate, not"}, {"start": "00:03:16", "end": "00:03:20", "text": "including the XRP on our balance sheet."}, {"start": "00:03:18", "end": "00:03:22", "text": ">> Well, those those acquisitions certainly"}, {"start": "00:03:20", "end": "00:03:25", "text": "made a lot of investors believe that"}, {"start": "00:03:22", "end": "00:03:27", "text": "Ripple has become part part of the"}, {"start": "00:03:25", "end": "00:03:28", "text": "global financial system."}, {"start": "00:03:27", "end": "00:03:30", "text": ">> All right, so there you have it. Brad"}, {"start": "00:03:28", "end": "00:03:32", "text": "kind of calling it out right there"}, {"start": "00:03:30", "end": "00:03:34", "text": "knowing that JB N is listening because"}, {"start": "00:03:32", "end": "00:03:37", "text": "this could mean huge upside for Ripple"}, {"start": "00:03:34", "end": "00:03:39", "text": "in general and he is right when you look"}, {"start": "00:03:37", "end": "00:03:41", "text": "at the stable coins by market cap"}, {"start": "00:03:39", "end": "00:03:45", "text": "especially on the volume that's playing"}, {"start": "00:03:41", "end": "00:03:46", "text": "out you've got Tether USDC world liberty"}, {"start": "00:03:45", "end": "00:03:48", "text": "and then of course Ripple I think what"}, {"start": "00:03:46", "end": "00:03:50", "text": "we will see though most likely it's"}, {"start": "00:03:48", "end": "00:03:53", "text": "going to be Ripple coming into number"}, {"start": "00:03:50", "end": "00:03:54", "text": "three flipping uh world USD1 which is"}, {"start": "00:03:53", "end": "00:03:57", "text": "world liberty five and I think this will"}, {"start": "00:03:54", "end": "00:04:00", "text": "play out into a very positive uh form"}, {"start": "00:03:57", "end": "00:04:02", "text": "format for Ripple. Ripple also partnered"}, {"start": "00:04:00", "end": "00:04:04", "text": "with Bitso. This was expanding their"}, {"start": "00:04:02", "end": "00:04:06", "text": "partnership to advance the stable coin"}, {"start": "00:04:04", "end": "00:04:08", "text": "settlement in Latin Latin America. And"}, {"start": "00:04:06", "end": "00:04:11", "text": "this is important when you look at the"}, {"start": "00:04:08", "end": "00:04:13", "text": "volume that's playing into this spot"}, {"start": "00:04:11", "end": "00:04:15", "text": "trading volume. All of those pairs right"}, {"start": "00:04:13", "end": "00:04:18", "text": "there, guys, moving into RLUSD. So, get"}, {"start": "00:04:15", "end": "00:04:21", "text": "ready for some pretty big expansion, I"}, {"start": "00:04:18", "end": "00:04:22", "text": "think. And this will be only one of many"}, {"start": "00:04:21", "end": "00:04:24", "text": "areas around the globe that I think"}, {"start": "00:04:22", "end": "00:04:27", "text": "Ripple's going to continue to do very"}, {"start": "00:04:24", "end": "00:04:29", "text": "well with. RLUSD going multi-chain and"}, {"start": "00:04:27", "end": "00:04:32", "text": "you guys see it right there guys. RLUSD"}, {"start": "00:04:29", "end": "00:04:34", "text": "now live across ecosystems via wormhole."}, {"start": "00:04:32", "end": "00:04:37", "text": "This of course is happening over on"}, {"start": "00:04:34", "end": "00:04:39", "text": "Krakens Inc. chain. You've got unis swap"}, {"start": "00:04:37", "end": "00:04:42", "text": "with the unis swich chain and then of"}, {"start": "00:04:39", "end": "00:04:43", "text": "course uh optimism and base. All of that"}, {"start": "00:04:42", "end": "00:04:46", "text": "is available now. So it is moving"}, {"start": "00:04:43", "end": "00:04:48", "text": "quickly. This is something that we ran"}, {"start": "00:04:46", "end": "00:04:50", "text": "across in some research which is where"}, {"start": "00:04:48", "end": "00:04:52", "text": "it breaks down what the banks really"}, {"start": "00:04:50", "end": "00:04:55", "text": "think. So they're out there on TV and"}, {"start": "00:04:52", "end": "00:04:57", "text": "interviews telling us one thing, but"}, {"start": "00:04:55", "end": "00:05:01", "text": "when it comes to actually telling the"}, {"start": "00:04:57", "end": "00:05:03", "text": "truth, they have to do it in the re the"}, {"start": "00:05:01", "end": "00:05:04", "text": "revealing their financials. And this is"}, {"start": "00:05:03", "end": "00:05:06", "text": "where uh we started to break this down."}, {"start": "00:05:04", "end": "00:05:08", "text": "So we did some research on this. If you"}, {"start": "00:05:06", "end": "00:05:09", "text": "go all the way into this last page, and"}, {"start": "00:05:08", "end": "00:05:11", "text": "this was a highlight, and then we'll"}, {"start": "00:05:09", "end": "00:05:13", "text": "play a clip for you that this happened"}, {"start": "00:05:11", "end": "00:05:14", "text": "right here, guys. And you've probably"}, {"start": "00:05:13", "end": "00:05:16", "text": "seen some of this out there on Twitter,"}, {"start": "00:05:14", "end": "00:05:17", "text": "but because I would bet that the deposit"}, {"start": "00:05:16", "end": "00:05:18", "text": "tokens, what they're talking about,"}, {"start": "00:05:17", "end": "00:05:20", "text": "there's their own token and stable coins"}, {"start": "00:05:18", "end": "00:05:22", "text": "have some role in the future. We want to"}, {"start": "00:05:20", "end": "00:05:25", "text": "be capable of doing that. But we are"}, {"start": "00:05:22", "end": "00:05:27", "text": "seeing zero demand on this. So zero"}, {"start": "00:05:25", "end": "00:05:29", "text": "demand on their own deposit token. This"}, {"start": "00:05:27", "end": "00:05:31", "text": "is why I think we're going to continue"}, {"start": "00:05:29", "end": "00:05:35", "text": "to see some pressure. So when you look"}, {"start": "00:05:31", "end": "00:05:36", "text": "at zero demand here from JP Morgan and"}, {"start": "00:05:35", "end": "00:05:39", "text": "what we're seeing with the banking"}, {"start": "00:05:36", "end": "00:05:41", "text": "ecosystems, then you flip over to a clip"}, {"start": "00:05:39", "end": "00:05:43", "text": "from Ripple. This is Jack McDonald"}, {"start": "00:05:41", "end": "00:05:44", "text": "talking about what kind of demand"}, {"start": "00:05:43", "end": "00:05:45", "text": "they're going to look at. Take a look."}, {"start": "00:05:44", "end": "00:05:46", "text": "They"}, {"start": "00:05:45", "end": "00:05:47", "text": ">> they're getting more and more"}, {"start": "00:05:46", "end": "00:05:48", "text": "comfortable. We're seeing this through"}, {"start": "00:05:47", "end": "00:05:49", "text": "our Ripple Prime business. They're"}, {"start": "00:05:48", "end": "00:05:52", "text": "getting more and more comfortable"}, {"start": "00:05:49", "end": "00:05:53", "text": "wanting to use a stable coin like RLUSD"}, {"start": "00:05:52", "end": "00:05:56", "text": "as good collateral. And if we can get"}, {"start": "00:05:53", "end": "00:05:58", "text": "the the clearing counterparties and the"}, {"start": "00:05:56", "end": "00:06:00", "text": "exchanges in the traditional finance"}, {"start": "00:05:58", "end": "00:06:01", "text": "world and the regulators comfortable"}, {"start": "00:06:00", "end": "00:06:03", "text": "with that as well, that is just a"}, {"start": "00:06:01", "end": "00:06:06", "text": "massive massive unlock. Just recently"}, {"start": "00:06:03", "end": "00:06:08", "text": "out of the SEC that essentially wrote a"}, {"start": "00:06:06", "end": "00:06:10", "text": "no action letter on the treatment of"}, {"start": "00:06:08", "end": "00:06:12", "text": "stable coins and the haircut should no"}, {"start": "00:06:10", "end": "00:06:13", "text": "longer be 100% uh but it should be 2% in"}, {"start": "00:06:12", "end": "00:06:16", "text": "the same way that money market funds"}, {"start": "00:06:13", "end": "00:06:17", "text": "are. That's a massive step forward. And"}, {"start": "00:06:16", "end": "00:06:19", "text": "so I think that's that's on the top of"}, {"start": "00:06:17", "end": "00:06:20", "text": "my my Christmas list."}, {"start": "00:06:19", "end": "00:06:22", "text": ">> All right. And he is right. That is a"}, {"start": "00:06:20", "end": "00:06:25", "text": "massive step forward. That alone from"}, {"start": "00:06:22", "end": "00:06:28", "text": "the SEC in terms of the haircut uh ratio"}, {"start": "00:06:25", "end": "00:06:30", "text": "is I think why the banks have really"}, {"start": "00:06:28", "end": "00:06:32", "text": "been in a position of defense mode. Now"}, {"start": "00:06:30", "end": "00:06:37", "text": "this next clip we're going to go into is"}, {"start": "00:06:32", "end": "00:06:39", "text": "the president and CEO of PNC. And if you"}, {"start": "00:06:37", "end": "00:06:42", "text": "guys don't know, that's a top five bank"}, {"start": "00:06:39", "end": "00:06:44", "text": "in the United States. And they go into"}, {"start": "00:06:42", "end": "00:06:46", "text": "the very point that we have been arguing"}, {"start": "00:06:44", "end": "00:06:49", "text": "for a very long time. They're admitting"}, {"start": "00:06:46", "end": "00:06:52", "text": "it the quiet part out loud and that is"}, {"start": "00:06:49", "end": "00:06:55", "text": "that there is no interest from their"}, {"start": "00:06:52", "end": "00:06:57", "text": "customers actually with deposit flight."}, {"start": "00:06:55", "end": "00:07:01", "text": "If this is the case, if this is what the"}, {"start": "00:06:57", "end": "00:07:04", "text": "banks believe and they say it, then why"}, {"start": "00:07:01", "end": "00:07:07", "text": "are we not seeing Congress and lawmakers"}, {"start": "00:07:04", "end": "00:07:09", "text": "acting on this and simply go back to the"}, {"start": "00:07:07", "end": "00:07:11", "text": "original origin of what we've really"}, {"start": "00:07:09", "end": "00:07:13", "text": "needed to do around Genius Act and that"}, {"start": "00:07:11", "end": "00:07:15", "text": "is forget about passive yield, just go"}, {"start": "00:07:13", "end": "00:07:17", "text": "back to traditional yield. If the banks"}, {"start": "00:07:15", "end": "00:07:19", "text": "are no longer afraid of this, take a"}, {"start": "00:07:17", "end": "00:07:21", "text": "look at this one. The other, you know,"}, {"start": "00:07:19", "end": "00:07:23", "text": "piece on the deposit competition side"}, {"start": "00:07:21", "end": "00:07:26", "text": "has been around AIdriven cash"}, {"start": "00:07:23", "end": "00:07:30", "text": "optimization and what that might do. Um,"}, {"start": "00:07:26", "end": "00:07:33", "text": "I guess what what are your views there?"}, {"start": "00:07:30", "end": "00:07:35", "text": ">> I I I I don't understand where all"}, {"start": "00:07:33", "end": "00:07:37", "text": "that's coming from. The ability to move"}, {"start": "00:07:35", "end": "00:07:40", "text": "money quickly with little burden will be"}, {"start": "00:07:37", "end": "00:07:42", "text": "more driven by open banking and API"}, {"start": "00:07:40", "end": "00:07:44", "text": "connectivity than it will be on AI. I"}, {"start": "00:07:42", "end": "00:07:47", "text": "don't need AI to figure out that if it's"}, {"start": "00:07:44", "end": "00:07:49", "text": "super easy and I care, I can just move"}, {"start": "00:07:47", "end": "00:07:52", "text": "money into my Vanguard account or my"}, {"start": "00:07:49", "end": "00:07:54", "text": "Fidelity account. Um, or just shop PNC"}, {"start": "00:07:52", "end": "00:07:57", "text": "internally for the best rate. Our"}, {"start": "00:07:54", "end": "00:07:58", "text": "average consumer balance, you know, is"}, {"start": "00:07:57", "end": "00:08:00", "text": "10,000 bucks or something in our"}, {"start": "00:07:58", "end": "00:08:03", "text": "checking accounts. People aren't trying"}, {"start": "00:08:00", "end": "00:08:05", "text": "to invest that extra $1,000 to earn"}, {"start": "00:08:03", "end": "00:08:07", "text": "another 20 basis points. You know, our"}, {"start": "00:08:05", "end": "00:08:10", "text": "wealth clients largely earn the same"}, {"start": "00:08:07", "end": "00:08:11", "text": "they would earn from a money fund. So,"}, {"start": "00:08:10", "end": "00:08:13", "text": "the whole noise of I'm going to have a"}, {"start": "00:08:11", "end": "00:08:14", "text": "cash mixer and I'm going to whiz it all"}, {"start": "00:08:13", "end": "00:08:16", "text": "around through open banking and I'm"}, {"start": "00:08:14", "end": "00:08:20", "text": "going to arb the last basis point out of"}, {"start": "00:08:16", "end": "00:08:22", "text": "this person with an $8,000 balance."}, {"start": "00:08:20", "end": "00:08:23", "text": "It sounds like like somebody made that"}, {"start": "00:08:22", "end": "00:08:25", "text": "up in a sound bite and you guys all ran"}, {"start": "00:08:23", "end": "00:08:28", "text": "with it. You don't need that."}, {"start": "00:08:25", "end": "00:08:29", "text": ">> Yes, they are."}, {"start": "00:08:28", "end": "00:08:32", "text": ">> All right, there you have it, guys."}, {"start": "00:08:29", "end": "00:08:34", "text": "That's the banks basically saying"}, {"start": "00:08:32", "end": "00:08:36", "text": "deposit flight is not an issue at all."}, {"start": "00:08:34", "end": "00:08:39", "text": "In fact, they are laughing at the idea"}, {"start": "00:08:36", "end": "00:08:41", "text": "of deposit flight. So hopefully all of"}, {"start": "00:08:39", "end": "00:08:42", "text": "you lawmakers that are watching our show"}, {"start": "00:08:41", "end": "00:08:45", "text": "right now, and there's many of you I"}, {"start": "00:08:42", "end": "00:08:47", "text": "know that do, you need to take them at"}, {"start": "00:08:45", "end": "00:08:49", "text": "their word and understand that this is"}, {"start": "00:08:47", "end": "00:08:51", "text": "no longer an issue for the banks. In"}, {"start": "00:08:49", "end": "00:08:54", "text": "fact, it was never an issue for the"}, {"start": "00:08:51", "end": "00:08:55", "text": "banks and let's get this moving forward"}, {"start": "00:08:54", "end": "00:08:58", "text": "and out of the way because I think the"}, {"start": "00:08:55", "end": "00:09:00", "text": "real narrative that will go into the"}, {"start": "00:08:58", "end": "00:09:02", "text": "midterms is the fact that you're keeping"}, {"start": "00:09:00", "end": "00:09:05", "text": "Americans from actually earning any"}, {"start": "00:09:02", "end": "00:09:07", "text": "money on what they do want to put into"}, {"start": "00:09:05", "end": "00:09:09", "text": "this ecosystem called crypto. One other"}, {"start": "00:09:07", "end": "00:09:10", "text": "note that you'll know from that clip"}, {"start": "00:09:09", "end": "00:09:12", "text": "there is he's talking about that AI"}, {"start": "00:09:10", "end": "00:09:14", "text": "would essentially become your new"}, {"start": "00:09:12", "end": "00:09:16", "text": "financial planner of being able to zip"}, {"start": "00:09:14", "end": "00:09:18", "text": "your money around, make the best asset"}, {"start": "00:09:16", "end": "00:09:21", "text": "yields that you can. And of course, Brad"}, {"start": "00:09:18", "end": "00:09:24", "text": "Garlinghouse and Ripple have launched an"}, {"start": "00:09:21", "end": "00:09:26", "text": "alternative to this. And he actually"}, {"start": "00:09:24", "end": "00:09:28", "text": "launches it really in comparison to what"}, {"start": "00:09:26", "end": "00:09:29", "text": "Mastercard is trying to do. And he said"}, {"start": "00:09:28", "end": "00:09:32", "text": "the Mastercard announcement was kind of"}, {"start": "00:09:29", "end": "00:09:34", "text": "a nothing burger. Listen in. Well, well,"}, {"start": "00:09:32", "end": "00:09:38", "text": "Ripple is launching a new AI starter kit"}, {"start": "00:09:34", "end": "00:09:40", "text": "for the A XRP ledger. Uh, curated set of"}, {"start": "00:09:38", "end": "00:09:42", "text": "tools to allow developers to build"}, {"start": "00:09:40", "end": "00:09:44", "text": "agentpowered applications and make"}, {"start": "00:09:42", "end": "00:09:46", "text": "payments on the company's ledger. Brad,"}, {"start": "00:09:44", "end": "00:09:48", "text": "this is a big deal. Congrats on this"}, {"start": "00:09:46", "end": "00:09:50", "text": "launch. Tell us more about this."}, {"start": "00:09:48", "end": "00:09:52", "text": ">> And so, we want to make sure that we are"}, {"start": "00:09:50", "end": "00:09:54", "text": "future ready and future proof is how we"}, {"start": "00:09:52", "end": "00:09:56", "text": "think about XRP and the XRP ledger."}, {"start": "00:09:54", "end": "00:09:58", "text": "There's an announcement yesterday where"}, {"start": "00:09:56", "end": "00:09:59", "text": "Mastercard is partnering with about 30"}, {"start": "00:09:58", "end": "00:10:02", "text": "different companies in the industry to"}, {"start": "00:09:59", "end": "00:10:03", "text": "help construct some of that. Uh we were"}, {"start": "00:10:02", "end": "00:10:05", "text": "a part of that. You know, I I think"}, {"start": "00:10:03", "end": "00:10:07", "text": "sometimes the the excitement around"}, {"start": "00:10:05", "end": "00:10:09", "text": "these things get ahead of reality. You"}, {"start": "00:10:07", "end": "00:10:11", "text": "know, I'm not going to go connect a AI"}, {"start": "00:10:09", "end": "00:10:13", "text": "agent to, you know, my brokerage account"}, {"start": "00:10:11", "end": "00:10:15", "text": "or my primary checking account. I'm"}, {"start": "00:10:13", "end": "00:10:17", "text": "happy to go experiment and, you know, to"}, {"start": "00:10:15", "end": "00:10:18", "text": "do things and let's see where this all"}, {"start": "00:10:17", "end": "00:10:20", "text": "goes. But I think there's going to have"}, {"start": "00:10:18", "end": "00:10:22", "text": "to be a lot of protections and structure"}, {"start": "00:10:20", "end": "00:10:24", "text": "around that before people really connect"}, {"start": "00:10:22", "end": "00:10:26", "text": "their bank account to an AI agent."}, {"start": "00:10:24", "end": "00:10:29", "text": ">> Let me know what you guys think. If we"}, {"start": "00:10:26", "end": "00:10:31", "text": "do see an evolution of AI agents that"}, {"start": "00:10:29", "end": "00:10:35", "text": "are capable of actually getting the best"}, {"start": "00:10:31", "end": "00:10:36", "text": "yield, would you enable an AI agent on"}, {"start": "00:10:35", "end": "00:10:40", "text": "one of your accounts? Let's just call it"}, {"start": "00:10:36", "end": "00:10:42", "text": "a test account. Maybe it's 1% 2% of, you"}, {"start": "00:10:40", "end": "00:10:44", "text": "know, what your holdings are. Would you"}, {"start": "00:10:42", "end": "00:10:46", "text": "test that out there? Let me know in the"}, {"start": "00:10:44", "end": "00:10:49", "text": "comments down below. Last clip I want to"}, {"start": "00:10:46", "end": "00:10:50", "text": "get into is Ripple's strategy here going"}, {"start": "00:10:49", "end": "00:10:52", "text": "forward because many people would say,"}, {"start": "00:10:50", "end": "00:10:55", "text": "\"All right, they have acquired many"}, {"start": "00:10:52", "end": "00:10:58", "text": "companies. Are they going to stop"}, {"start": "00:10:55", "end": "00:10:59", "text": "acquiring companies?\" Well, Brad says"}, {"start": "00:10:58", "end": "00:11:00", "text": "something about that."}, {"start": "00:10:59", "end": "00:11:03", "text": ">> Well, well, Brad, I mean, this is this"}, {"start": "00:11:00", "end": "00:11:05", "text": "is a victory for for Ripple and and do"}, {"start": "00:11:03", "end": "00:11:07", "text": "you want to do more acquisitions to"}, {"start": "00:11:05", "end": "00:11:08", "text": "continue scaling up? Do you need that to"}, {"start": "00:11:07", "end": "00:11:10", "text": "scale up?"}, {"start": "00:11:08", "end": "00:11:12", "text": ">> You know, right now, Maria, it's kind of"}, {"start": "00:11:10", "end": "00:11:14", "text": "uh you know, focus on what we have,"}, {"start": "00:11:12", "end": "00:11:16", "text": "stick to our knitting a little bit. kind"}, {"start": "00:11:14", "end": "00:11:18", "text": "of want to take a moment and digest."}, {"start": "00:11:16", "end": "00:11:20", "text": "There is however a lot of dynamic"}, {"start": "00:11:18", "end": "00:11:21", "text": "activity in our industry. So I think"}, {"start": "00:11:20", "end": "00:11:23", "text": "you're going to continue to see"}, {"start": "00:11:21", "end": "00:11:25", "text": "opportunities and we we will remain"}, {"start": "00:11:23", "end": "00:11:29", "text": "proactive. We have a very strong balance"}, {"start": "00:11:25", "end": "00:11:31", "text": "sheet. Uh no acquisitions in plan. Um"}, {"start": "00:11:29", "end": "00:11:34", "text": "wink I think in general I think they've"}, {"start": "00:11:31", "end": "00:11:36", "text": "got something uh on order right now in"}, {"start": "00:11:34", "end": "00:11:37", "text": "terms of going to the future where"}, {"start": "00:11:36", "end": "00:11:40", "text": "Ripple is heading. And I I don't know"}, {"start": "00:11:37", "end": "00:11:42", "text": "this thing around AI integration. I"}, {"start": "00:11:40", "end": "00:11:44", "text": "think the expansion of what they're"}, {"start": "00:11:42", "end": "00:11:46", "text": "doing with RLUSD, that's something to"}, {"start": "00:11:44", "end": "00:11:48", "text": "keep a very close eye on with Ripple."}, {"start": "00:11:46", "end": "00:11:51", "text": "We'll continue to cover this, so stay"}, {"start": "00:11:48", "end": "00:11:51", "text": "tuned."}, {"start": "00:11:55", "end": "00:11:58", "text": "If you like this video, hit like and"}, {"start": "00:11:57", "end": "00:12:01", "text": "subscribe, drop a comment down below,"}, {"start": "00:11:58", "end": "00:12:05", "text": "and also join our free private member"}, {"start": "00:12:01", "end": "00:12:05", "text": "group. The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Tokenization is everywhere. Today we're"}, {"start": "00:00:02", "end": "00:00:05", "text": "going to be breaking down what the"}, {"start": "00:00:03", "end": "00:00:06", "text": "market looks like. I think you guys will"}, {"start": "00:00:05", "end": "00:00:09", "text": "love it. We're going to have Onondo here"}, {"start": "00:00:06", "end": "00:00:12", "text": "on in a moment. So stay tuned for that."}, {"start": "00:00:09", "end": "00:00:13", "text": "And just a word from our sponsors. I"}, {"start": "00:00:12", "end": "00:00:15", "text": "want to thank our sponsor today. And of"}, {"start": "00:00:13", "end": "00:00:17", "text": "course that is Uphold. If you are"}, {"start": "00:00:15", "end": "00:00:19", "text": "holding crypto right now and not earning"}, {"start": "00:00:17", "end": "00:00:21", "text": "rewards, you're essentially leaving"}, {"start": "00:00:19", "end": "00:00:24", "text": "money on the table. And the reality is"}, {"start": "00:00:21", "end": "00:00:26", "text": "in today's market, you need to be able"}, {"start": "00:00:24", "end": "00:00:29", "text": "to move instantly. That's why Uphold's"}, {"start": "00:00:26", "end": "00:00:32", "text": "flexible staking is such a gamecher. You"}, {"start": "00:00:29", "end": "00:00:34", "text": "can earn weekly rewards automatically on"}, {"start": "00:00:32", "end": "00:00:37", "text": "assets you already hold without a"}, {"start": "00:00:34", "end": "00:00:39", "text": "lockup. That's most important. You can"}, {"start": "00:00:37", "end": "00:00:41", "text": "sell anytime. It's the perfect setup for"}, {"start": "00:00:39", "end": "00:00:44", "text": "anyone who wants to grow their holdings"}, {"start": "00:00:41", "end": "00:00:47", "text": "without losing their exit strategy."}, {"start": "00:00:44", "end": "00:00:48", "text": "Download the Uphold app today and try it"}, {"start": "00:00:47", "end": "00:00:51", "text": "for yourself. So, let's jump into it."}, {"start": "00:00:48", "end": "00:00:53", "text": "Today, I want to lead off with a clip"}, {"start": "00:00:51", "end": "00:00:55", "text": "before we bring our our guest on. And if"}, {"start": "00:00:53", "end": "00:00:58", "text": "you guys haven't been watching what's"}, {"start": "00:00:55", "end": "00:01:00", "text": "been going on in tokenized equities, uh"}, {"start": "00:00:58", "end": "00:01:02", "text": "this is the show for you because it's"}, {"start": "00:01:00", "end": "00:01:05", "text": "going to get into where the market could"}, {"start": "00:01:02", "end": "00:01:07", "text": "go, a lot of the new players, how we'll"}, {"start": "00:01:05", "end": "00:01:09", "text": "see equities fare in this area. And one"}, {"start": "00:01:07", "end": "00:01:12", "text": "of the big players, of course, has been"}, {"start": "00:01:09", "end": "00:01:15", "text": "the DTCC. I want to start with this"}, {"start": "00:01:12", "end": "00:01:17", "text": "clip. Take a look. Their CEO sounds like"}, {"start": "00:01:15", "end": "00:01:19", "text": "he's doing a little bit of the Italian"}, {"start": "00:01:17", "end": "00:01:22", "text": "good fellas. Take a look. When the early"}, {"start": "00:01:19", "end": "00:01:24", "text": "conversations on blockchain focused on"}, {"start": "00:01:22", "end": "00:01:27", "text": "disintermediation,"}, {"start": "00:01:24", "end": "00:01:30", "text": "this thinking was premature at best. And"}, {"start": "00:01:27", "end": "00:01:33", "text": "I'm being very polite about how I say"}, {"start": "00:01:30", "end": "00:01:36", "text": "it. The digital highway begins with us."}, {"start": "00:01:33", "end": "00:01:37", "text": "That's a fact. DTCC will be your"}, {"start": "00:01:36", "end": "00:01:39", "text": "strategic partner."}, {"start": "00:01:37", "end": "00:01:42", "text": ">> You see the limits of what the current"}, {"start": "00:01:39", "end": "00:01:45", "text": "model offers. The DTCC will operate, he"}, {"start": "00:01:42", "end": "00:01:47", "text": "said, 245."}, {"start": "00:01:45", "end": "00:01:51", "text": ">> All right. So the limits as you guys"}, {"start": "00:01:47", "end": "00:01:52", "text": "know 245 uh one of the uh players that"}, {"start": "00:01:51", "end": "00:01:55", "text": "have been out there in the market for"}, {"start": "00:01:52", "end": "00:01:59", "text": "some time has been so we wanted to bring"}, {"start": "00:01:55", "end": "00:02:01", "text": "on Ian coming in uh from Ono Finance."}, {"start": "00:01:59", "end": "00:02:03", "text": "How are you Ian?"}, {"start": "00:02:01", "end": "00:02:05", "text": ">> Doing great. Pleasure to be here."}, {"start": "00:02:03", "end": "00:02:08", "text": ">> Excellent. So we're going to get into a"}, {"start": "00:02:05", "end": "00:02:11", "text": "lot around where this landscape is"}, {"start": "00:02:08", "end": "00:02:13", "text": "today. If you look at just the current"}, {"start": "00:02:11", "end": "00:02:16", "text": "stock table or at least the the"}, {"start": "00:02:13", "end": "00:02:17", "text": "tokenized stocks table right here, you"}, {"start": "00:02:16", "end": "00:02:20", "text": "can kind of see Ando in a very strong"}, {"start": "00:02:17", "end": "00:02:24", "text": "position here as one of the leaders uh"}, {"start": "00:02:20", "end": "00:02:26", "text": "in regards to overall performance. Uh at"}, {"start": "00:02:24", "end": "00:02:28", "text": "the same time, when you look at the"}, {"start": "00:02:26", "end": "00:02:30", "text": "actual holders, when you look at asset"}, {"start": "00:02:28", "end": "00:02:32", "text": "holders moving into the plat platform"}, {"start": "00:02:30", "end": "00:02:35", "text": "right now, XStocks, one of my favorite"}, {"start": "00:02:32", "end": "00:02:37", "text": "platforms is leading the way right now."}, {"start": "00:02:35", "end": "00:02:39", "text": "When you look at these platforms like"}, {"start": "00:02:37", "end": "00:02:42", "text": "this in terms of growth opportunity and"}, {"start": "00:02:39", "end": "00:02:44", "text": "especially where Onondo is today, what"}, {"start": "00:02:42", "end": "00:02:47", "text": "are the top platforms that you think are"}, {"start": "00:02:44", "end": "00:02:49", "text": "going to be around in the next 12"}, {"start": "00:02:47", "end": "00:02:50", "text": "months?"}, {"start": "00:02:49", "end": "00:02:52", "text": ">> Yeah, great question. I mean, as you"}, {"start": "00:02:50", "end": "00:02:54", "text": "rightfully point out, is the leader"}, {"start": "00:02:52", "end": "00:02:57", "text": "right now in tokenized stocks and ETFs."}, {"start": "00:02:54", "end": "00:02:59", "text": "We've got 60% 65% market share depending"}, {"start": "00:02:57", "end": "00:03:02", "text": "on, you know, the day that you look."}, {"start": "00:02:59", "end": "00:03:04", "text": "Eggs stocks uh was first to launch. You"}, {"start": "00:03:02", "end": "00:03:06", "text": "also had the Robin Hood platform that"}, {"start": "00:03:04", "end": "00:03:09", "text": "launched before us. But Ono really has"}, {"start": "00:03:06", "end": "00:03:11", "text": "taken the lead in part because we were"}, {"start": "00:03:09", "end": "00:03:13", "text": "able to do what others couldn't, which"}, {"start": "00:03:11", "end": "00:03:16", "text": "is offer permissionless rappers in"}, {"start": "00:03:13", "end": "00:03:18", "text": "combination with very strong execution"}, {"start": "00:03:16", "end": "00:03:20", "text": "quality and liquidity. So anyone who"}, {"start": "00:03:18", "end": "00:03:22", "text": "buys any of our stocks on the blockchain"}, {"start": "00:03:20", "end": "00:03:24", "text": "rails can rest assured they're buying it"}, {"start": "00:03:22", "end": "00:03:28", "text": "at more or less brokerage prices, right?"}, {"start": "00:03:24", "end": "00:03:30", "text": "our assets track those brokerage prices"}, {"start": "00:03:28", "end": "00:03:32", "text": "uh best-in-class and that really is what"}, {"start": "00:03:30", "end": "00:03:33", "text": "investors are looking for. What you're"}, {"start": "00:03:32", "end": "00:03:35", "text": "really starting to see is that crypto"}, {"start": "00:03:33", "end": "00:03:37", "text": "exchanges, crypto wallets, everyone is"}, {"start": "00:03:35", "end": "00:03:39", "text": "trying to turn themselves into the"}, {"start": "00:03:37", "end": "00:03:41", "text": "everything app and that includes"}, {"start": "00:03:39", "end": "00:03:44", "text": "offering stocks. They come to us to"}, {"start": "00:03:41", "end": "00:03:45", "text": "essentially power that offering and we"}, {"start": "00:03:44", "end": "00:03:48", "text": "are best-in-class at offering liquidity"}, {"start": "00:03:45", "end": "00:03:50", "text": "and execution. You have seen other"}, {"start": "00:03:48", "end": "00:03:52", "text": "platforms also get into this space. I"}, {"start": "00:03:50", "end": "00:03:54", "text": "mean Binance launched their own Btocks"}, {"start": "00:03:52", "end": "00:03:56", "text": "offering. BidGet is offering stocks on"}, {"start": "00:03:54", "end": "00:03:59", "text": "their platform. So I do fully expect"}, {"start": "00:03:56", "end": "00:04:02", "text": "other players to still enter, but HNO"}, {"start": "00:03:59", "end": "00:04:04", "text": "definitely has a first mover advantage."}, {"start": "00:04:02", "end": "00:04:06", "text": ">> So first mover advantage that we have"}, {"start": "00:04:04", "end": "00:04:07", "text": "seen obviously with X stocks, many of"}, {"start": "00:04:06", "end": "00:04:10", "text": "the ones you just mentioned, even"}, {"start": "00:04:07", "end": "00:04:12", "text": "Coinbase now getting into the game. So"}, {"start": "00:04:10", "end": "00:04:14", "text": "uh lot of activity. The one thing though"}, {"start": "00:04:12", "end": "00:04:16", "text": "that I think everybody at least that"}, {"start": "00:04:14", "end": "00:04:18", "text": "I've talked to uh within our own"}, {"start": "00:04:16", "end": "00:04:20", "text": "communities and a lot online has been"}, {"start": "00:04:18", "end": "00:04:22", "text": "the market hours, trading availability."}, {"start": "00:04:20", "end": "00:04:24", "text": "If you look at the current situation"}, {"start": "00:04:22", "end": "00:04:27", "text": "right now, you're talking about a 245"}, {"start": "00:04:24", "end": "00:04:30", "text": "potential opportunity here versus like a"}, {"start": "00:04:27", "end": "00:04:32", "text": "24/7, which is uh where you have a"}, {"start": "00:04:30", "end": "00:04:35", "text": "chance if you're around the globe to be"}, {"start": "00:04:32", "end": "00:04:38", "text": "able to play these markets, especially"}, {"start": "00:04:35", "end": "00:04:41", "text": "over the weekends. Um why are you still"}, {"start": "00:04:38", "end": "00:04:43", "text": "going with 245 as the primary focus? Why"}, {"start": "00:04:41", "end": "00:04:45", "text": "not go ahead and extend this out to full"}, {"start": "00:04:43", "end": "00:04:46", "text": "tradability?"}, {"start": "00:04:45", "end": "00:04:48", "text": ">> Yeah, it's a great question and it kind"}, {"start": "00:04:46", "end": "00:04:50", "text": "of gets to the core of what these"}, {"start": "00:04:48", "end": "00:04:51", "text": "tokenized stocks really are, right?"}, {"start": "00:04:50", "end": "00:04:53", "text": "There are new instruments that are being"}, {"start": "00:04:51", "end": "00:04:56", "text": "issued on chain. What you buy is in"}, {"start": "00:04:53", "end": "00:04:58", "text": "token form economic exposure to the"}, {"start": "00:04:56", "end": "00:05:01", "text": "underlying. Just like when you buy a"}, {"start": "00:04:58", "end": "00:05:03", "text": "stable coin, you basically buy a $1 on"}, {"start": "00:05:01", "end": "00:05:04", "text": "chain that is backed by a dollar in a"}, {"start": "00:05:03", "end": "00:05:07", "text": "bank account or treasury in a custody"}, {"start": "00:05:04", "end": "00:05:09", "text": "account. But for us to mint a new token,"}, {"start": "00:05:07", "end": "00:05:12", "text": "we actually have to be able to acquire"}, {"start": "00:05:09", "end": "00:05:16", "text": "the underlying to back these tokens. uh"}, {"start": "00:05:12", "end": "00:05:17", "text": "as a result we are"}, {"start": "00:05:16", "end": "00:05:20", "text": "minting and burning of creating new"}, {"start": "00:05:17", "end": "00:05:24", "text": "tokens on the underlying markets that"}, {"start": "00:05:20", "end": "00:05:25", "text": "right now only offer 245. Now there are"}, {"start": "00:05:24", "end": "00:05:28", "text": "ways that we are working on in order to"}, {"start": "00:05:25", "end": "00:05:30", "text": "extend this to 247 minting and burning"}, {"start": "00:05:28", "end": "00:05:33", "text": "and in parallel a lot of our partners"}, {"start": "00:05:30", "end": "00:05:35", "text": "have already deployed these assets on"}, {"start": "00:05:33", "end": "00:05:37", "text": "their own books on crypto exchanges"}, {"start": "00:05:35", "end": "00:05:39", "text": "where you can actually trade these"}, {"start": "00:05:37", "end": "00:05:42", "text": "things 247. So if you go on Binance or"}, {"start": "00:05:39", "end": "00:05:45", "text": "BitGet or other platforms right now, you"}, {"start": "00:05:42", "end": "00:05:47", "text": "can buy on those stocks 247, but not"}, {"start": "00:05:45", "end": "00:05:49", "text": "directly minted by us over the weekend,"}, {"start": "00:05:47", "end": "00:05:50", "text": "but from preunded accounts with market"}, {"start": "00:05:49", "end": "00:05:52", "text": "makers."}, {"start": "00:05:50", "end": "00:05:54", "text": ">> Yeah. Okay. So I think that's a good"}, {"start": "00:05:52", "end": "00:05:57", "text": "explanation of it. uh for for those who"}, {"start": "00:05:54", "end": "00:06:01", "text": "don't really completely understand how a"}, {"start": "00:05:57", "end": "00:06:02", "text": "perp works because if you uh you know if"}, {"start": "00:06:01", "end": "00:06:04", "text": "you don't have a stock that's launched"}, {"start": "00:06:02", "end": "00:06:06", "text": "if you look at what's going on with STA"}, {"start": "00:06:04", "end": "00:06:08", "text": "SpaceX we'll most likely see the same"}, {"start": "00:06:06", "end": "00:06:11", "text": "thing going on with Anthropic etc."}, {"start": "00:06:08", "end": "00:06:14", "text": "Explain to me what happens when a perp"}, {"start": "00:06:11", "end": "00:06:17", "text": "essentially gets matured into an actual"}, {"start": "00:06:14", "end": "00:06:20", "text": "IPO. How does that process take place if"}, {"start": "00:06:17", "end": "00:06:21", "text": "I'm holding that perp when the IPO"}, {"start": "00:06:20", "end": "00:06:24", "text": "occurs and there's available stock out"}, {"start": "00:06:21", "end": "00:06:25", "text": "on the market? Yeah, it's a it's a great"}, {"start": "00:06:24", "end": "00:06:27", "text": "question because not only do you see a"}, {"start": "00:06:25", "end": "00:06:30", "text": "proliferation right now in these spot"}, {"start": "00:06:27", "end": "00:06:31", "text": "tokens that offers, but there's also a"}, {"start": "00:06:30", "end": "00:06:35", "text": "proliferation of these perpetual futures"}, {"start": "00:06:31", "end": "00:06:38", "text": "platforms uh that also offer exposure to"}, {"start": "00:06:35", "end": "00:06:40", "text": "stocks, even preo stocks. When a perp"}, {"start": "00:06:38", "end": "00:06:42", "text": "launches on a pre-IPO stock, you can"}, {"start": "00:06:40", "end": "00:06:44", "text": "only do that really with a per because"}, {"start": "00:06:42", "end": "00:06:46", "text": "there's no real way to actually acquire"}, {"start": "00:06:44", "end": "00:06:49", "text": "the underlying physical. So, the spot"}, {"start": "00:06:46", "end": "00:06:50", "text": "tokenization doesn't work yet. um on a"}, {"start": "00:06:49", "end": "00:06:53", "text": "per platform everything is purely"}, {"start": "00:06:50", "end": "00:06:56", "text": "synthetic exposure. So it is absolutely"}, {"start": "00:06:53", "end": "00:06:58", "text": "possible to create a perpetual future at"}, {"start": "00:06:56", "end": "00:07:01", "text": "the time of IPO that preipo stock will"}, {"start": "00:06:58", "end": "00:07:03", "text": "just converge to the actual price that"}, {"start": "00:07:01", "end": "00:07:04", "text": "it is trading on the NASDAQ or the New"}, {"start": "00:07:03", "end": "00:07:06", "text": "York Stock Exchange and the like. Now"}, {"start": "00:07:04", "end": "00:07:08", "text": "there's real risk in these markets"}, {"start": "00:07:06", "end": "00:07:10", "text": "obviously because before a market"}, {"start": "00:07:08", "end": "00:07:12", "text": "launches what really is the price of"}, {"start": "00:07:10", "end": "00:07:14", "text": "this thing but a lot of people want to"}, {"start": "00:07:12", "end": "00:07:16", "text": "speculate want to get exposure to these"}, {"start": "00:07:14", "end": "00:07:18", "text": "preipo stocks and that is why they go in"}, {"start": "00:07:16", "end": "00:07:20", "text": "on these per platforms. What you just"}, {"start": "00:07:18", "end": "00:07:23", "text": "showed though is very interesting"}, {"start": "00:07:20", "end": "00:07:26", "text": "because it does highlight a key problem"}, {"start": "00:07:23", "end": "00:07:28", "text": "right now with perpetual futures and"}, {"start": "00:07:26", "end": "00:07:32", "text": "that is that they are incredibly capital"}, {"start": "00:07:28", "end": "00:07:35", "text": "inefficient in a normal in in right now"}, {"start": "00:07:32", "end": "00:07:37", "text": "if people want to go and have a per what"}, {"start": "00:07:35", "end": "00:07:38", "text": "they do is they use stable coins as"}, {"start": "00:07:37", "end": "00:07:40", "text": "collateral that they can then do and"}, {"start": "00:07:38", "end": "00:07:43", "text": "open a futures contract perpetual"}, {"start": "00:07:40", "end": "00:07:45", "text": "futures contract on these positions"}, {"start": "00:07:43", "end": "00:07:48", "text": "right but you have to deposit stable"}, {"start": "00:07:45", "end": "00:07:50", "text": "coins in order to actually open that a"}, {"start": "00:07:48", "end": "00:07:52", "text": "market maker then has to come in and"}, {"start": "00:07:50", "end": "00:07:54", "text": "short the perp but also with stable coin"}, {"start": "00:07:52", "end": "00:07:56", "text": "collateral they then have to hedge"}, {"start": "00:07:54", "end": "00:07:59", "text": "offchain. So this goes into a wider"}, {"start": "00:07:56", "end": "00:08:01", "text": "issue where there isn't real connection"}, {"start": "00:07:59", "end": "00:08:04", "text": "right now between perpetual futures"}, {"start": "00:08:01", "end": "00:08:07", "text": "platforms and tradi platforms because"}, {"start": "00:08:04", "end": "00:08:09", "text": "they lack the tokenized spot collateral"}, {"start": "00:08:07", "end": "00:08:11", "text": "and that is what will launch pretty soon"}, {"start": "00:08:09", "end": "00:08:14", "text": "in order to actually have tokenized spot"}, {"start": "00:08:11", "end": "00:08:15", "text": "collateral on these perks platforms and"}, {"start": "00:08:14", "end": "00:08:17", "text": "dramatically increase capital"}, {"start": "00:08:15", "end": "00:08:19", "text": "efficiency. So when you say launching"}, {"start": "00:08:17", "end": "00:08:21", "text": "that pretty soon, what does that look"}, {"start": "00:08:19", "end": "00:08:23", "text": "like in terms of the roadmap timing"}, {"start": "00:08:21", "end": "00:08:26", "text": "wise? Because there's a lot happening"}, {"start": "00:08:23", "end": "00:08:29", "text": "obviously in the IPO space right now."}, {"start": "00:08:26", "end": "00:08:30", "text": ">> Yes, that's right. Um, so for our"}, {"start": "00:08:29", "end": "00:08:33", "text": "perpetual futures platform, we actually"}, {"start": "00:08:30", "end": "00:08:35", "text": "launched public beta earlier this week."}, {"start": "00:08:33", "end": "00:08:37", "text": "We capped it at, you know, a limited"}, {"start": "00:08:35", "end": "00:08:38", "text": "weight listed user set because quite"}, {"start": "00:08:37", "end": "00:08:41", "text": "frankly the demand that we see is pretty"}, {"start": "00:08:38", "end": "00:08:42", "text": "overwhelming. We expect to release that"}, {"start": "00:08:41", "end": "00:08:44", "text": "over the next couple of weeks so that we"}, {"start": "00:08:42", "end": "00:08:46", "text": "can do general availability. But the"}, {"start": "00:08:44", "end": "00:08:48", "text": "demand that we've seen so far just"}, {"start": "00:08:46", "end": "00:08:50", "text": "points to the fact that everyone right"}, {"start": "00:08:48", "end": "00:08:53", "text": "now wants to express their opinion and"}, {"start": "00:08:50", "end": "00:08:55", "text": "interest on uh stocks ideally via perbs"}, {"start": "00:08:53", "end": "00:08:58", "text": "to get leverage. There's just a lot of"}, {"start": "00:08:55", "end": "00:09:00", "text": "hype right now around the space, right?"}, {"start": "00:08:58", "end": "00:09:03", "text": "And this really is going to also"}, {"start": "00:09:00", "end": "00:09:06", "text": "catalyze with the SpaceX IPO, the Open"}, {"start": "00:09:03", "end": "00:09:10", "text": "AI uh IPO happening later this uh year,"}, {"start": "00:09:06", "end": "00:09:12", "text": "anthropic IPO. So we are uh anticipating"}, {"start": "00:09:10", "end": "00:09:14", "text": "the flows into these tokenized stocks"}, {"start": "00:09:12", "end": "00:09:16", "text": "platforms and per platforms only to"}, {"start": "00:09:14", "end": "00:09:18", "text": "increase because it really is the only"}, {"start": "00:09:16", "end": "00:09:20", "text": "option for a lot of offshore investors"}, {"start": "00:09:18", "end": "00:09:23", "text": "quite frankly right um ando does have"}, {"start": "00:09:20", "end": "00:09:26", "text": "the capabilities to also tokenize spot"}, {"start": "00:09:23", "end": "00:09:29", "text": "assets on the day of their IPO. So this"}, {"start": "00:09:26", "end": "00:09:32", "text": "Friday coming up uh we will tokenize"}, {"start": "00:09:29", "end": "00:09:34", "text": "SpaceX day one and make it available to"}, {"start": "00:09:32", "end": "00:09:35", "text": "all the investors offshore that want to"}, {"start": "00:09:34", "end": "00:09:38", "text": "buy it."}, {"start": "00:09:35", "end": "00:09:41", "text": ">> All right. So day one on uh SpaceX uh"}, {"start": "00:09:38", "end": "00:09:44", "text": "token. Um right now you can go out of"}, {"start": "00:09:41", "end": "00:09:45", "text": "course on Xbox we've got bit get bit"}, {"start": "00:09:44", "end": "00:09:48", "text": "wallet of course they're doing it a"}, {"start": "00:09:45", "end": "00:09:50", "text": "successful SpaceX uh campaign that"}, {"start": "00:09:48", "end": "00:09:52", "text": "they're launching and the key here I"}, {"start": "00:09:50", "end": "00:09:53", "text": "guess is going to be timing and exposure"}, {"start": "00:09:52", "end": "00:09:56", "text": "because this is going to happen with"}, {"start": "00:09:53", "end": "00:09:59", "text": "other you know launch IPOs. You"}, {"start": "00:09:56", "end": "00:10:00", "text": "mentioned Anthropic OpenAI etc. But"}, {"start": "00:09:59", "end": "00:10:03", "text": "there there could be others that would"}, {"start": "00:10:00", "end": "00:10:05", "text": "most likely make it maybe this year. Uh,"}, {"start": "00:10:03", "end": "00:10:07", "text": "and I think that's the the biggest thing"}, {"start": "00:10:05", "end": "00:10:09", "text": "that people are looking at in terms of"}, {"start": "00:10:07", "end": "00:10:11", "text": "being able to get into uh these kinds of"}, {"start": "00:10:09", "end": "00:10:14", "text": "investments. When you look at what's"}, {"start": "00:10:11", "end": "00:10:16", "text": "going on with SpaceX, I mean, many"}, {"start": "00:10:14", "end": "00:10:19", "text": "people would say this is going to be a"}, {"start": "00:10:16", "end": "00:10:21", "text": "market wreck. What do you think? Do you"}, {"start": "00:10:19", "end": "00:10:23", "text": "think that this is going to be a problem"}, {"start": "00:10:21", "end": "00:10:25", "text": "uh in terms of, you know, this is my"}, {"start": "00:10:23", "end": "00:10:27", "text": "opinion. I think we're going to see a"}, {"start": "00:10:25", "end": "00:10:29", "text": "lot of uh exit liquidity being retail"}, {"start": "00:10:27", "end": "00:10:31", "text": "unfortunately"}, {"start": "00:10:29", "end": "00:10:33", "text": ">> and uh going into an IPO of this size"}, {"start": "00:10:31", "end": "00:10:35", "text": "and here we are 16 hours away from this"}, {"start": "00:10:33", "end": "00:10:37", "text": "thing."}, {"start": "00:10:35", "end": "00:10:39", "text": ">> Yeah, it's going to be very interesting"}, {"start": "00:10:37", "end": "00:10:41", "text": "to see the dynamics on this one because"}, {"start": "00:10:39", "end": "00:10:44", "text": "I think it is the largest IPO ever. The"}, {"start": "00:10:41", "end": "00:10:46", "text": "valuation is truly mind-blowing. Um and"}, {"start": "00:10:44", "end": "00:10:49", "text": "we'll it it offshore though there's a"}, {"start": "00:10:46", "end": "00:10:50", "text": "lot of demand for these types of stocks"}, {"start": "00:10:49", "end": "00:10:52", "text": "still. Okay. Right. So whether or not it"}, {"start": "00:10:50", "end": "00:10:55", "text": "goes up or down, I mean, we're seeing"}, {"start": "00:10:52", "end": "00:10:57", "text": "tremendous inbounds um offshore because"}, {"start": "00:10:55", "end": "00:10:59", "text": "it really is the only way to get"}, {"start": "00:10:57", "end": "00:11:02", "text": "exposure to SpaceX often is via this"}, {"start": "00:10:59", "end": "00:11:04", "text": "tokenized rapper or format. So we expect"}, {"start": "00:11:02", "end": "00:11:07", "text": "very meaningful flows. Uh whether or not"}, {"start": "00:11:04", "end": "00:11:09", "text": "it goes up or down, I'm not sure, but I"}, {"start": "00:11:07", "end": "00:11:12", "text": "think a lot of brokers in particular are"}, {"start": "00:11:09", "end": "00:11:15", "text": "also preparing for record trading"}, {"start": "00:11:12", "end": "00:11:16", "text": "volumes. Uh I think a lot of people are"}, {"start": "00:11:15", "end": "00:11:18", "text": "not prepared for the flows that are"}, {"start": "00:11:16", "end": "00:11:21", "text": "coming. To be honest,"}, {"start": "00:11:18", "end": "00:11:23", "text": ">> I'm looking at some of the uh at least"}, {"start": "00:11:21", "end": "00:11:26", "text": "early data right now. Uh this has drawn"}, {"start": "00:11:23", "end": "00:11:29", "text": "more than 70 billion worth of retail"}, {"start": "00:11:26", "end": "00:11:31", "text": "orders alone. Uh it's raised 75 billion."}, {"start": "00:11:29", "end": "00:11:33", "text": "This is making retail interest alone"}, {"start": "00:11:31", "end": "00:11:35", "text": "enough to nearly fear the fill the"}, {"start": "00:11:33", "end": "00:11:37", "text": "entire sale. And if you kind of compare"}, {"start": "00:11:35", "end": "00:11:40", "text": "this to a Ramco, Saudi Aramco, which"}, {"start": "00:11:37", "end": "00:11:42", "text": "happened back in 2020, I mean that was"}, {"start": "00:11:40", "end": "00:11:46", "text": "barely $30 billion. And here we are, you"}, {"start": "00:11:42", "end": "00:11:48", "text": "know, at 2x of that plus. Uh so you've"}, {"start": "00:11:46", "end": "00:11:50", "text": "got SpaceX as a result now 20% of their"}, {"start": "00:11:48", "end": "00:11:52", "text": "IPO is going to be allocated to real"}, {"start": "00:11:50", "end": "00:11:55", "text": "retail investors. That's the concern I"}, {"start": "00:11:52", "end": "00:11:57", "text": "have that I think is the one uh that"}, {"start": "00:11:55", "end": "00:12:00", "text": "could really affect the market. Do you"}, {"start": "00:11:57", "end": "00:12:04", "text": "think we'll see a circuit breaker thrown"}, {"start": "00:12:00", "end": "00:12:06", "text": "in in the market like like stop trading"}, {"start": "00:12:04", "end": "00:12:07", "text": "you know exchanges lock up?"}, {"start": "00:12:06", "end": "00:12:10", "text": ">> What do you think?"}, {"start": "00:12:07", "end": "00:12:12", "text": ">> I think it's definitely possible because"}, {"start": "00:12:10", "end": "00:12:14", "text": "it's untested. uh financial market"}, {"start": "00:12:12", "end": "00:12:15", "text": "infrastructure is very good until it"}, {"start": "00:12:14", "end": "00:12:17", "text": "isn't."}, {"start": "00:12:15", "end": "00:12:19", "text": ">> I think you'll also see quite a lot of"}, {"start": "00:12:17", "end": "00:12:21", "text": "um clearing and executing brokers"}, {"start": "00:12:19", "end": "00:12:24", "text": "potentially hit their net cap limits"}, {"start": "00:12:21", "end": "00:12:26", "text": ">> um just because of the flows, right? So,"}, {"start": "00:12:24", "end": "00:12:28", "text": "I think it's possible that we see"}, {"start": "00:12:26", "end": "00:12:31", "text": "something break on Friday, particularly"}, {"start": "00:12:28", "end": "00:12:33", "text": "given the retail demand."}, {"start": "00:12:31", "end": "00:12:35", "text": ">> Yeah. Yeah. Well, I think the the point"}, {"start": "00:12:33", "end": "00:12:36", "text": "we're going to be dealing with is does"}, {"start": "00:12:35", "end": "00:12:40", "text": "SpaceX, you know, kind of go down in"}, {"start": "00:12:36", "end": "00:12:43", "text": "history as the one IPO that took uh"}, {"start": "00:12:40", "end": "00:12:43", "text": "traditional finance down is my question."}, {"start": "00:12:43", "end": "00:12:45", "text": "Um"}, {"start": "00:12:43", "end": "00:12:48", "text": ">> I mean it further also just illustrates"}, {"start": "00:12:45", "end": "00:12:50", "text": "how I mean Trafi is great, but the rails"}, {"start": "00:12:48", "end": "00:12:52", "text": "are pretty antiquated, right? I do hope"}, {"start": "00:12:50", "end": "00:12:55", "text": "time we actually get to some native IPOs"}, {"start": "00:12:52", "end": "00:12:56", "text": "on public blockchain rails. Not to say"}, {"start": "00:12:55", "end": "00:12:58", "text": "that public blockchains are without"}, {"start": "00:12:56", "end": "00:13:00", "text": "fault, but I think over time it's going"}, {"start": "00:12:58", "end": "00:13:03", "text": "to be good to have alternative rails"}, {"start": "00:13:00", "end": "00:13:06", "text": "that can stay up 247 seamlessly."}, {"start": "00:13:03", "end": "00:13:09", "text": ">> You think Elon is going to sell Bitcoin"}, {"start": "00:13:06", "end": "00:13:11", "text": "to kind of get some excess cash here"}, {"start": "00:13:09", "end": "00:13:13", "text": "going into this IPO? I wonder what how"}, {"start": "00:13:11", "end": "00:13:15", "text": "he's going to do cash management."}, {"start": "00:13:13", "end": "00:13:17", "text": "They're sitting on a a decent amount, I"}, {"start": "00:13:15", "end": "00:13:19", "text": "would assume. You know, right now, what"}, {"start": "00:13:17", "end": "00:13:21", "text": "do you think? Yeah, I'm not sure he's"}, {"start": "00:13:19", "end": "00:13:23", "text": "going to sell Bitcoin, but I do know"}, {"start": "00:13:21", "end": "00:13:25", "text": "that plenty of other people have sold"}, {"start": "00:13:23", "end": "00:13:27", "text": "Bitcoin already in anticipation of this"}, {"start": "00:13:25", "end": "00:13:29", "text": "IPO and some others. I mean, you've seen"}, {"start": "00:13:27", "end": "00:13:31", "text": "a pretty drag on the crypto markets and"}, {"start": "00:13:29", "end": "00:13:34", "text": "broader technology markets in part to"}, {"start": "00:13:31", "end": "00:13:35", "text": "create some liquidity for this event. I"}, {"start": "00:13:34", "end": "00:13:38", "text": "think quite frankly, we'll see something"}, {"start": "00:13:35", "end": "00:13:41", "text": "similar happen with anthropic and open"}, {"start": "00:13:38", "end": "00:13:43", "text": "um AI as well. Uh but yeah, it was"}, {"start": "00:13:41", "end": "00:13:45", "text": "untested times. It's going to be very"}, {"start": "00:13:43", "end": "00:13:47", "text": "interesting to see how it evolves. But I"}, {"start": "00:13:45", "end": "00:13:50", "text": "do know that Ono as a tokenized stock"}, {"start": "00:13:47", "end": "00:13:52", "text": "provider to offshore investors uh stands"}, {"start": "00:13:50", "end": "00:13:54", "text": "to gain quite a bit with this."}, {"start": "00:13:52", "end": "00:13:57", "text": ">> I don't think there's enough Bitcoin out"}, {"start": "00:13:54", "end": "00:13:58", "text": "there to that that would really be in a"}, {"start": "00:13:57", "end": "00:13:59", "text": "position where it would really shift"}, {"start": "00:13:58", "end": "00:14:01", "text": "markets. I think this is probably going"}, {"start": "00:13:59", "end": "00:14:03", "text": "to come from the traditional, you know,"}, {"start": "00:14:01", "end": "00:14:05", "text": "securities markets, what we're going to"}, {"start": "00:14:03", "end": "00:14:07", "text": "see of other stocks being sold to"}, {"start": "00:14:05", "end": "00:14:09", "text": "possibly go into dry powder. Some of"}, {"start": "00:14:07", "end": "00:14:10", "text": "that, I think, has been the dips that"}, {"start": "00:14:09", "end": "00:14:12", "text": "we've seen. Yeah, we've seen a little"}, {"start": "00:14:10", "end": "00:14:15", "text": "bit already. So, there's definitely some"}, {"start": "00:14:12", "end": "00:14:18", "text": "capital on the sideline. uh going into"}, {"start": "00:14:15", "end": "00:14:19", "text": "this um tokenized shares of private"}, {"start": "00:14:18", "end": "00:14:23", "text": "companies. This is something that we"}, {"start": "00:14:19", "end": "00:14:25", "text": "think is a great opportunity. Uh but it"}, {"start": "00:14:23", "end": "00:14:27", "text": "also could shift the landscape for maybe"}, {"start": "00:14:25", "end": "00:14:29", "text": "future IPOs. We're already seeing a lot"}, {"start": "00:14:27", "end": "00:14:32", "text": "of privately held companies in the"}, {"start": "00:14:29", "end": "00:14:35", "text": "robotic space even in the early stage AI"}, {"start": "00:14:32", "end": "00:14:37", "text": "space right now. What about that as an"}, {"start": "00:14:35", "end": "00:14:39", "text": "opportunity especially for tokenized"}, {"start": "00:14:37", "end": "00:14:42", "text": "pre-tocks on?"}, {"start": "00:14:39", "end": "00:14:44", "text": ">> Yep. Yeah. I think so. Ando historically"}, {"start": "00:14:42", "end": "00:14:46", "text": "has always focused on assets that are"}, {"start": "00:14:44", "end": "00:14:47", "text": "already in the public markets. Right? We"}, {"start": "00:14:46", "end": "00:14:50", "text": "believe it is very important for"}, {"start": "00:14:47", "end": "00:14:52", "text": "investors to have full uh pricing"}, {"start": "00:14:50", "end": "00:14:54", "text": "transparency on what it is worth and"}, {"start": "00:14:52", "end": "00:14:56", "text": "what they should be paying and to have"}, {"start": "00:14:54", "end": "00:14:58", "text": "deep liquidity into these markets so"}, {"start": "00:14:56", "end": "00:15:00", "text": "that uh they can buy in size. Now"}, {"start": "00:14:58", "end": "00:15:03", "text": "clearly there's a lot of demand for"}, {"start": "00:15:00", "end": "00:15:04", "text": "these preIPO stocks too um particularly"}, {"start": "00:15:03", "end": "00:15:05", "text": "the ones that we've already been"}, {"start": "00:15:04", "end": "00:15:07", "text": "mentioning on the show. Open AI,"}, {"start": "00:15:05", "end": "00:15:11", "text": "Anthropic, SpaceX, a few others. I think"}, {"start": "00:15:07", "end": "00:15:13", "text": "if a company is call it within 12 months"}, {"start": "00:15:11", "end": "00:15:15", "text": "of IPO and there's a real path to"}, {"start": "00:15:13", "end": "00:15:17", "text": "liquidity for investors, it can"}, {"start": "00:15:15", "end": "00:15:19", "text": "absolutely make sense to tokenize these"}, {"start": "00:15:17", "end": "00:15:21", "text": "and make them available particularly to"}, {"start": "00:15:19", "end": "00:15:24", "text": "offshore investors that otherwise would"}, {"start": "00:15:21", "end": "00:15:26", "text": "not have access. Doing it for purely"}, {"start": "00:15:24", "end": "00:15:29", "text": "private companies where the path to IPO"}, {"start": "00:15:26", "end": "00:15:31", "text": "is unclear and people may still be"}, {"start": "00:15:29", "end": "00:15:34", "text": "illquid for a couple of years. That's"}, {"start": "00:15:31", "end": "00:15:36", "text": "not something that will be focusing on."}, {"start": "00:15:34", "end": "00:15:38", "text": "But luckily the IPO pipeline is shaping"}, {"start": "00:15:36", "end": "00:15:39", "text": "up to be quite robust. So there's"}, {"start": "00:15:38", "end": "00:15:40", "text": "probably a couple of preo companies that"}, {"start": "00:15:39", "end": "00:15:43", "text": "we can do."}, {"start": "00:15:40", "end": "00:15:45", "text": ">> Interesting. Okay. I look at it this"}, {"start": "00:15:43", "end": "00:15:47", "text": "way. Okay. So you've got Coinbase moving"}, {"start": "00:15:45", "end": "00:15:49", "text": "into the market. Obviously Robin Hood"}, {"start": "00:15:47", "end": "00:15:51", "text": "already been there. We've got DTCC"}, {"start": "00:15:49", "end": "00:15:53", "text": "spending has already spun up. Uh and"}, {"start": "00:15:51", "end": "00:15:54", "text": "then of course we see X stocks and the"}, {"start": "00:15:53", "end": "00:15:56", "text": "growth that we've seen right there. We"}, {"start": "00:15:54", "end": "00:16:00", "text": "showed the chart earlier. Why would"}, {"start": "00:15:56", "end": "00:16:02", "text": "people choose a 245"}, {"start": "00:16:00", "end": "00:16:04", "text": "versus a 247 marketplace? Why wouldn't"}, {"start": "00:16:02", "end": "00:16:07", "text": "they just choose something that has"}, {"start": "00:16:04", "end": "00:16:11", "text": "full, you know, opportunity in terms of"}, {"start": "00:16:07", "end": "00:16:13", "text": "tradability? Why go the Onondo route?"}, {"start": "00:16:11", "end": "00:16:15", "text": "Well, to be clear, Ono assets are"}, {"start": "00:16:13", "end": "00:16:18", "text": "trading 24/7 already uh on multiple"}, {"start": "00:16:15", "end": "00:16:20", "text": "crypto exchanges. It's just that we"}, {"start": "00:16:18", "end": "00:16:22", "text": "cannot create these tokens in the"}, {"start": "00:16:20", "end": "00:16:24", "text": "current state over the weekend. XOX is"}, {"start": "00:16:22", "end": "00:16:26", "text": "the exact same thing, by the way. Uh XOX"}, {"start": "00:16:24", "end": "00:16:28", "text": "cannot create tokens over the weekend."}, {"start": "00:16:26", "end": "00:16:30", "text": "None of the tokenized stock spot"}, {"start": "00:16:28", "end": "00:16:32", "text": "providers can create tokens over the"}, {"start": "00:16:30", "end": "00:16:35", "text": "weekend. Um, but our assets can trade"}, {"start": "00:16:32", "end": "00:16:37", "text": "247 as long as a book is deployed on a"}, {"start": "00:16:35", "end": "00:16:39", "text": "crypto exchange where it can trade. Now,"}, {"start": "00:16:37", "end": "00:16:41", "text": "in parallel, you also have the New York"}, {"start": "00:16:39", "end": "00:16:43", "text": "Stock Exchange, the NASDAQ, a lot of the"}, {"start": "00:16:41", "end": "00:16:45", "text": "other trad players trying to move"}, {"start": "00:16:43", "end": "00:16:48", "text": "towards 247 markets because they see"}, {"start": "00:16:45", "end": "00:16:50", "text": "that this is what the market wants. The"}, {"start": "00:16:48", "end": "00:16:53", "text": "moment that happens and we can actually"}, {"start": "00:16:50", "end": "00:16:55", "text": "acquire underlying shares in the Trafy"}, {"start": "00:16:53", "end": "00:16:57", "text": "market over the weekend, we can turn on"}, {"start": "00:16:55", "end": "00:16:59", "text": "247 minting and burning of our assets,"}, {"start": "00:16:57", "end": "00:17:01", "text": "no problem. Okay? And then what you'll"}, {"start": "00:16:59", "end": "00:17:03", "text": "end up seeing is the liquidity that is"}, {"start": "00:17:01", "end": "00:17:05", "text": "already available on crypto exchanges"}, {"start": "00:17:03", "end": "00:17:07", "text": "over the weekend that is preunded is"}, {"start": "00:17:05", "end": "00:17:09", "text": "also going to get dramatically better"}, {"start": "00:17:07", "end": "00:17:11", "text": "because people can create and redeem"}, {"start": "00:17:09", "end": "00:17:13", "text": "over the weekend as well."}, {"start": "00:17:11", "end": "00:17:16", "text": ">> Yeah. Do Okay. So, do you think the DTC"}, {"start": "00:17:13", "end": "00:17:19", "text": "is kind of going through uh a situation"}, {"start": "00:17:16", "end": "00:17:21", "text": "right now where they're just trying to"}, {"start": "00:17:19", "end": "00:17:24", "text": "appease shareholders and what's looked"}, {"start": "00:17:21", "end": "00:17:26", "text": "at? If you look at where uh some of the"}, {"start": "00:17:24", "end": "00:17:28", "text": "partnerships have been allocated, it's"}, {"start": "00:17:26", "end": "00:17:30", "text": "mostly been institutional"}, {"start": "00:17:28", "end": "00:17:32", "text": "uh versus what we've seen in in other"}, {"start": "00:17:30", "end": "00:17:34", "text": "capacities around this, you know, the"}, {"start": "00:17:32", "end": "00:17:36", "text": "per markets, obviously what we've seen"}, {"start": "00:17:34", "end": "00:17:39", "text": "with Xtocks, etc., even Coinbase to a"}, {"start": "00:17:36", "end": "00:17:40", "text": "certain extent. But do you think uh DTC"}, {"start": "00:17:39", "end": "00:17:45", "text": "is the only way people are going to be"}, {"start": "00:17:40", "end": "00:17:48", "text": "able to have shareholder rights now"}, {"start": "00:17:45", "end": "00:17:50", "text": "going through the DT? Uh there there's"}, {"start": "00:17:48", "end": "00:17:52", "text": "uh there's a lot of debate in the"}, {"start": "00:17:50", "end": "00:17:54", "text": "industry on whether it makes sense to"}, {"start": "00:17:52", "end": "00:17:56", "text": "have a rapper. Rapper being a new"}, {"start": "00:17:54", "end": "00:17:58", "text": "instrument that is created that is"}, {"start": "00:17:56", "end": "00:18:00", "text": "backed by an actual stock but what you"}, {"start": "00:17:58", "end": "00:18:02", "text": "hold is not the same thing as the actual"}, {"start": "00:18:00", "end": "00:18:04", "text": "stock. It doesn't come with shareholder"}, {"start": "00:18:02", "end": "00:18:05", "text": "rights although it does come with"}, {"start": "00:18:04", "end": "00:18:08", "text": "dividend rights depending on how it's"}, {"start": "00:18:05", "end": "00:18:10", "text": "structured versus you know go for a"}, {"start": "00:18:08", "end": "00:18:12", "text": "native form. This is what the DTCC is"}, {"start": "00:18:10", "end": "00:18:14", "text": "doing. This is what you know securitize"}, {"start": "00:18:12", "end": "00:18:16", "text": "and superstate and some others are"}, {"start": "00:18:14", "end": "00:18:19", "text": "doing. Um our opinion has always been"}, {"start": "00:18:16", "end": "00:18:22", "text": "let all models coexist and then you let"}, {"start": "00:18:19", "end": "00:18:23", "text": "the market decide what it is they want"}, {"start": "00:18:22", "end": "00:18:26", "text": "right and right now the market is"}, {"start": "00:18:23", "end": "00:18:28", "text": "already deciding to be honest and that"}, {"start": "00:18:26", "end": "00:18:29", "text": "is that the rapper format is preferred"}, {"start": "00:18:28", "end": "00:18:31", "text": "because that's where all the growth is"}, {"start": "00:18:29", "end": "00:18:34", "text": "driven by us and to a lesser extent egg"}, {"start": "00:18:31", "end": "00:18:36", "text": "stocks. So but you know let them all"}, {"start": "00:18:34", "end": "00:18:38", "text": "coexist they each have their pros and"}, {"start": "00:18:36", "end": "00:18:40", "text": "cons and then ultimately the market will"}, {"start": "00:18:38", "end": "00:18:43", "text": "decide what they prefer. There are also"}, {"start": "00:18:40", "end": "00:18:45", "text": "ways to make the rapper model look a"}, {"start": "00:18:43", "end": "00:18:47", "text": "little bit more like the native uh"}, {"start": "00:18:45", "end": "00:18:49", "text": "version, right? If people really care"}, {"start": "00:18:47", "end": "00:18:51", "text": "about shareholder rights, you can"}, {"start": "00:18:49", "end": "00:18:53", "text": "construct a rapper so that people can"}, {"start": "00:18:51", "end": "00:18:55", "text": "express their vote. Ono announced a"}, {"start": "00:18:53", "end": "00:18:57", "text": "partnership with Broadidge to make that"}, {"start": "00:18:55", "end": "00:18:59", "text": "possible. So our rappers, people are"}, {"start": "00:18:57", "end": "00:19:01", "text": "going to be able to connect their wallet"}, {"start": "00:18:59", "end": "00:19:04", "text": "to a front end. It's going to read which"}, {"start": "00:19:01", "end": "00:19:06", "text": "um you know rapper tokens you hold and"}, {"start": "00:19:04", "end": "00:19:07", "text": "then depending on that balance uh you're"}, {"start": "00:19:06", "end": "00:19:10", "text": "going to be able to express what your"}, {"start": "00:19:07", "end": "00:19:12", "text": "vote would be and theno as the issuer"}, {"start": "00:19:10", "end": "00:19:14", "text": "and holder of the actual stock will"}, {"start": "00:19:12", "end": "00:19:16", "text": "express that vote via Broadidge and our"}, {"start": "00:19:14", "end": "00:19:19", "text": "clearing and executing broker on your"}, {"start": "00:19:16", "end": "00:19:21", "text": "behalf just like an asset manager and an"}, {"start": "00:19:19", "end": "00:19:23", "text": "ETF manager would. So there are ways to"}, {"start": "00:19:21", "end": "00:19:24", "text": "make the wrapper more similar to the"}, {"start": "00:19:23", "end": "00:19:27", "text": "native version."}, {"start": "00:19:24", "end": "00:19:28", "text": ">> All right. So that's interesting because"}, {"start": "00:19:27", "end": "00:19:30", "text": "now what you're kind of referring to"}, {"start": "00:19:28", "end": "00:19:33", "text": "here is that the market has spoken at"}, {"start": "00:19:30", "end": "00:19:34", "text": "least the I would say the current edge"}, {"start": "00:19:33", "end": "00:19:36", "text": "market which is the crypto market that"}, {"start": "00:19:34", "end": "00:19:39", "text": "is looking at these kinds of investments"}, {"start": "00:19:36", "end": "00:19:41", "text": "but it's likely that we're going to see"}, {"start": "00:19:39", "end": "00:19:43", "text": "traditional investors coming into this"}, {"start": "00:19:41", "end": "00:19:46", "text": "market and if that is the case what"}, {"start": "00:19:43", "end": "00:19:48", "text": "you're saying is they prefer this route"}, {"start": "00:19:46", "end": "00:19:52", "text": "versus the permissioned route that the"}, {"start": "00:19:48", "end": "00:19:54", "text": "DTCC is trying to create overall. So"}, {"start": "00:19:52", "end": "00:19:56", "text": "it's clearly two different philosophies."}, {"start": "00:19:54", "end": "00:19:58", "text": "You think the market is going to go the"}, {"start": "00:19:56", "end": "00:20:00", "text": "permissionless route?"}, {"start": "00:19:58", "end": "00:20:01", "text": ">> I think the demand we'll see will be in"}, {"start": "00:20:00", "end": "00:20:03", "text": "the permissionless route. It's exactly"}, {"start": "00:20:01", "end": "00:20:05", "text": "the same thing as we've seen with stable"}, {"start": "00:20:03", "end": "00:20:08", "text": "coins, right? Stable coins are also just"}, {"start": "00:20:05", "end": "00:20:10", "text": "rappers, right? And they live offshore."}, {"start": "00:20:08", "end": "00:20:12", "text": "They grew offshore. It's uh it's a"}, {"start": "00:20:10", "end": "00:20:13", "text": "wrapper around a dollar. It represents a"}, {"start": "00:20:12", "end": "00:20:15", "text": "dollar. The benefit of that wrapper"}, {"start": "00:20:13", "end": "00:20:17", "text": "model is that you can use it in DeFi and"}, {"start": "00:20:15", "end": "00:20:19", "text": "it's very easy to list on crypto"}, {"start": "00:20:17", "end": "00:20:22", "text": "exchanges where the cryptonative capital"}, {"start": "00:20:19", "end": "00:20:24", "text": "sits. So when you just look at the"}, {"start": "00:20:22", "end": "00:20:26", "text": "numbers already, tokenized stocks are"}, {"start": "00:20:24", "end": "00:20:29", "text": "following the rapper model because it is"}, {"start": "00:20:26", "end": "00:20:31", "text": "a much more cryptonative onchain native"}, {"start": "00:20:29", "end": "00:20:33", "text": "form factor. You can use it in DeFi, you"}, {"start": "00:20:31", "end": "00:20:35", "text": "can use it in self-custodial wallets and"}, {"start": "00:20:33", "end": "00:20:37", "text": "you can use it on crypto exchanges. So"}, {"start": "00:20:35", "end": "00:20:40", "text": "that's where all the demand is. Now it"}, {"start": "00:20:37", "end": "00:20:41", "text": "doesn't mean that the DTCC model is bad."}, {"start": "00:20:40", "end": "00:20:42", "text": "Quite quite the contrary."}, {"start": "00:20:41", "end": "00:20:44", "text": ">> Why would we need it though? Very good."}, {"start": "00:20:42", "end": "00:20:45", "text": ">> Well, why why wouldn't we need it? Why"}, {"start": "00:20:44", "end": "00:20:46", "text": "would"}, {"start": "00:20:45", "end": "00:20:48", "text": ">> we as the issuer"}, {"start": "00:20:46", "end": "00:20:50", "text": ">> of the rapper"}, {"start": "00:20:48", "end": "00:20:51", "text": ">> because we as the issuer of the rapper"}, {"start": "00:20:50", "end": "00:20:54", "text": "need better financial market"}, {"start": "00:20:51", "end": "00:20:57", "text": "infrastructure so that we can actually"}, {"start": "00:20:54", "end": "00:20:58", "text": "tap into better liquidity 245 and down"}, {"start": "00:20:57", "end": "00:21:01", "text": "the line 247"}, {"start": "00:20:58", "end": "00:21:03", "text": ">> and that ultimately is what the DTCC in"}, {"start": "00:21:01", "end": "00:21:06", "text": "my opinion is building is just a market"}, {"start": "00:21:03", "end": "00:21:08", "text": "infrastructure upgrade to support better"}, {"start": "00:21:06", "end": "00:21:10", "text": "liquidity at all hours. This is also"}, {"start": "00:21:08", "end": "00:21:12", "text": "what the NASDAQ, the New York Stock"}, {"start": "00:21:10", "end": "00:21:15", "text": "Exchange, what they're all working on,"}, {"start": "00:21:12", "end": "00:21:18", "text": "right? And the moment they get to 247,"}, {"start": "00:21:15", "end": "00:21:20", "text": "even better 245 liquidity, that is"}, {"start": "00:21:18", "end": "00:21:23", "text": "beneficial for us as the issuer of these"}, {"start": "00:21:20", "end": "00:21:25", "text": "rappers because we still have to acquire"}, {"start": "00:21:23", "end": "00:21:28", "text": "the underlying share for our rappers."}, {"start": "00:21:25", "end": "00:21:30", "text": "All of our rappers right now are backed"}, {"start": "00:21:28", "end": "00:21:32", "text": "at the DTCC."}, {"start": "00:21:30", "end": "00:21:34", "text": "So, you're not taking DTCC out of the"}, {"start": "00:21:32", "end": "00:21:35", "text": "equation. Just like with stable coins,"}, {"start": "00:21:34", "end": "00:21:38", "text": "all of your dollars and treasuries are"}, {"start": "00:21:35", "end": "00:21:40", "text": "still in the banking system, right? Just"}, {"start": "00:21:38", "end": "00:21:41", "text": "with our rappers, everything sits at the"}, {"start": "00:21:40", "end": "00:21:44", "text": "DTCC."}, {"start": "00:21:41", "end": "00:21:45", "text": ">> Sure. Sure. So, I guess the DTCC guy was"}, {"start": "00:21:44", "end": "00:21:48", "text": "right. He said everything's coming"}, {"start": "00:21:45", "end": "00:21:48", "text": "through us, you know,"}, {"start": "00:21:48", "end": "00:21:51", "text": ">> just"}, {"start": "00:21:48", "end": "00:21:53", "text": ">> Yeah. I mean, he's not he's not wrong."}, {"start": "00:21:51", "end": "00:21:56", "text": ">> Yeah. Deal with it. which is why we are"}, {"start": "00:21:53", "end": "00:21:58", "text": "actually part of the pilot that the DTCC"}, {"start": "00:21:56", "end": "00:22:01", "text": "is doing on tokenized stocks because if"}, {"start": "00:21:58", "end": "00:22:03", "text": "they improve their infrastructure"}, {"start": "00:22:01", "end": "00:22:06", "text": ">> that helps us as the issuer of the"}, {"start": "00:22:03", "end": "00:22:08", "text": "rappers we're being the distributor of"}, {"start": "00:22:06", "end": "00:22:10", "text": "these stocks essentially right and we"}, {"start": "00:22:08", "end": "00:22:12", "text": "we've laid the rails we've laid the"}, {"start": "00:22:10", "end": "00:22:14", "text": "partnerships we make sure that offshore"}, {"start": "00:22:12", "end": "00:22:15", "text": "investors can access these products"}, {"start": "00:22:14", "end": "00:22:17", "text": "because DTCC is going to do it in a"}, {"start": "00:22:15", "end": "00:22:20", "text": "permissioned way but we can be that"}, {"start": "00:22:17", "end": "00:22:22", "text": "permission participant in the DTCC pilot"}, {"start": "00:22:20", "end": "00:22:24", "text": "and as a result really make sure that"}, {"start": "00:22:22", "end": "00:22:26", "text": "the DTCC is able to power these rappers"}, {"start": "00:22:24", "end": "00:22:27", "text": "in a better way."}, {"start": "00:22:26", "end": "00:22:30", "text": ">> Okay. All right. So, Ian, I'm trying to"}, {"start": "00:22:27", "end": "00:22:32", "text": "put this together here. So, this is"}, {"start": "00:22:30", "end": "00:22:34", "text": "getting routed via the DTCC for"}, {"start": "00:22:32", "end": "00:22:36", "text": "traditional finance rails. You've got"}, {"start": "00:22:34", "end": "00:22:39", "text": "the major distribution hubs that I would"}, {"start": "00:22:36", "end": "00:22:41", "text": "say are pretty much already in play. And"}, {"start": "00:22:39", "end": "00:22:44", "text": "I'll call them right now, at least in"}, {"start": "00:22:41", "end": "00:22:45", "text": "the stock side, I'd probably say"}, {"start": "00:22:44", "end": "00:22:47", "text": ">> someone like a a Robin Hood or an"}, {"start": "00:22:45", "end": "00:22:51", "text": "Interactive Brokers or someone in that"}, {"start": "00:22:47", "end": "00:22:53", "text": "range. Okay. Then you've got the rails"}, {"start": "00:22:51", "end": "00:22:54", "text": "over here in the crypto land which is"}, {"start": "00:22:53", "end": "00:22:56", "text": "trying to get into that. We'll call that"}, {"start": "00:22:54", "end": "00:22:58", "text": "Coinbase."}, {"start": "00:22:56", "end": "00:23:01", "text": "How would you compete against those who"}, {"start": "00:22:58", "end": "00:23:03", "text": "have these massive distribution channels"}, {"start": "00:23:01", "end": "00:23:06", "text": "already in place and they're already"}, {"start": "00:23:03", "end": "00:23:09", "text": "locked in to be able to get to these"}, {"start": "00:23:06", "end": "00:23:11", "text": "assets? Where where would place be in"}, {"start": "00:23:09", "end": "00:23:13", "text": "that if they have massive distribution"}, {"start": "00:23:11", "end": "00:23:15", "text": "and control?"}, {"start": "00:23:13", "end": "00:23:17", "text": ">> Yeah. So we do two things. We power the"}, {"start": "00:23:15", "end": "00:23:19", "text": "existing distribution platforms, right?"}, {"start": "00:23:17", "end": "00:23:22", "text": "Our assets are listed on Binance,"}, {"start": "00:23:19", "end": "00:23:23", "text": "Bitkit, Gate, MetaMask, Phantom. A lot"}, {"start": "00:23:22", "end": "00:23:25", "text": "of the self-custodial wallets have no"}, {"start": "00:23:23", "end": "00:23:27", "text": "other option than to work with a rapper"}, {"start": "00:23:25", "end": "00:23:30", "text": "company like ours. So, we essentially"}, {"start": "00:23:27", "end": "00:23:32", "text": "power a lot of the existing distribution"}, {"start": "00:23:30", "end": "00:23:35", "text": "platforms while in parallel also"}, {"start": "00:23:32", "end": "00:23:36", "text": "creating new platforms and services that"}, {"start": "00:23:35", "end": "00:23:38", "text": "can be brought direct to consumer. So,"}, {"start": "00:23:36", "end": "00:23:41", "text": "we're building out our own distribution"}, {"start": "00:23:38", "end": "00:23:43", "text": "rails. On Per is the perfect example of"}, {"start": "00:23:41", "end": "00:23:46", "text": "that because we believe we can do PERPS"}, {"start": "00:23:43", "end": "00:23:49", "text": "on stocks better than a Hyperlidor Trade"}, {"start": "00:23:46", "end": "00:23:51", "text": "XYZ can. it precisely because we are the"}, {"start": "00:23:49", "end": "00:23:53", "text": "issuer of the tokenized spot collateral"}, {"start": "00:23:51", "end": "00:23:55", "text": "which dramatically improves the capital"}, {"start": "00:23:53", "end": "00:23:57", "text": "efficiency of these perf platforms. So"}, {"start": "00:23:55", "end": "00:23:59", "text": "we can essentially do both power"}, {"start": "00:23:57", "end": "00:24:02", "text": "existing distribution platforms while"}, {"start": "00:23:59", "end": "00:24:04", "text": "building up our own distribution rails."}, {"start": "00:24:02", "end": "00:24:07", "text": ">> Ian, you've got a good stick going here."}, {"start": "00:24:04", "end": "00:24:07", "text": "I will give you that."}, {"start": "00:24:07", "end": "00:24:08", "text": "So"}, {"start": "00:24:07", "end": "00:24:10", "text": ">> appreciate it"}, {"start": "00:24:08", "end": "00:24:12", "text": ">> in the sense of understanding where this"}, {"start": "00:24:10", "end": "00:24:14", "text": "market is trying to position because I"}, {"start": "00:24:12", "end": "00:24:16", "text": "think they're one it's going to this is"}, {"start": "00:24:14", "end": "00:24:18", "text": "going to be a brand new frontier I think"}, {"start": "00:24:16", "end": "00:24:21", "text": "for not only tokenized securities but"}, {"start": "00:24:18", "end": "00:24:24", "text": "how traders and investors look at these"}, {"start": "00:24:21", "end": "00:24:26", "text": "assets going forward. So definitely uh"}, {"start": "00:24:24", "end": "00:24:29", "text": "something to watch. When you look at"}, {"start": "00:24:26", "end": "00:24:31", "text": "clarity right now, Ian, the the where it"}, {"start": "00:24:29", "end": "00:24:33", "text": "sits today, which is kind of about a"}, {"start": "00:24:31", "end": "00:24:35", "text": "5050 chance, which is kind of the lowest"}, {"start": "00:24:33", "end": "00:24:38", "text": "we've seen in a while. Where do you"}, {"start": "00:24:35", "end": "00:24:41", "text": "stand on clarity one passing? And does"}, {"start": "00:24:38", "end": "00:24:43", "text": "it matter to?"}, {"start": "00:24:41", "end": "00:24:46", "text": ">> Yeah, I think it should pass and I think"}, {"start": "00:24:43", "end": "00:24:48", "text": "it does matter not just to the broader"}, {"start": "00:24:46", "end": "00:24:51", "text": "US. I mean, what you're already seeing"}, {"start": "00:24:48", "end": "00:24:54", "text": "is these tokenized stocks proliferating"}, {"start": "00:24:51", "end": "00:24:57", "text": "outside the US to offshore investors,"}, {"start": "00:24:54", "end": "00:24:58", "text": "and the US needs to be able to respond"}, {"start": "00:24:57", "end": "00:25:00", "text": "and put a framework in place that really"}, {"start": "00:24:58", "end": "00:25:03", "text": "says this is how you can do business in"}, {"start": "00:25:00", "end": "00:25:05", "text": "the US for all these tokenized products."}, {"start": "00:25:03", "end": "00:25:08", "text": "So my worry a little bit with clarity"}, {"start": "00:25:05", "end": "00:25:10", "text": "not passing is that this entire market"}, {"start": "00:25:08", "end": "00:25:12", "text": "will continue to grow offshore just like"}, {"start": "00:25:10", "end": "00:25:14", "text": "stable coins did until it was so large"}, {"start": "00:25:12", "end": "00:25:15", "text": "that there's no other way that you know"}, {"start": "00:25:14", "end": "00:25:18", "text": "Congress needs to get involved and"}, {"start": "00:25:15", "end": "00:25:19", "text": "essentially make it happen in the US. I"}, {"start": "00:25:18", "end": "00:25:21", "text": "would not want that to happen. I think"}, {"start": "00:25:19", "end": "00:25:24", "text": "the US has an opportunity here to"}, {"start": "00:25:21", "end": "00:25:26", "text": "already lean forward and uh really"}, {"start": "00:25:24", "end": "00:25:27", "text": "embrace the space. And I think what"}, {"start": "00:25:26", "end": "00:25:29", "text": "you're starting to see is some of the"}, {"start": "00:25:27", "end": "00:25:31", "text": "vested interests whether it's the banks"}, {"start": "00:25:29", "end": "00:25:33", "text": "or others be a little bit afraid of"}, {"start": "00:25:31", "end": "00:25:36", "text": "that. Right? But that's to be expected."}, {"start": "00:25:33", "end": "00:25:38", "text": "So I do hope it passes. I'm confident"}, {"start": "00:25:36", "end": "00:25:40", "text": "right now and hopeful that it still can"}, {"start": "00:25:38", "end": "00:25:42", "text": "pass. I think the US needs it. So we are"}, {"start": "00:25:40", "end": "00:25:43", "text": "actively doing everything we can in"}, {"start": "00:25:42", "end": "00:25:45", "text": "order to make sure that we get to a bill"}, {"start": "00:25:43", "end": "00:25:47", "text": "that makes sense."}, {"start": "00:25:45", "end": "00:25:49", "text": ">> All right. So I'm looking here at the uh"}, {"start": "00:25:47", "end": "00:25:50", "text": "signed into law percentage. It's down to"}, {"start": "00:25:49", "end": "00:25:54", "text": "47. Actually, I was wrong. It's under"}, {"start": "00:25:50", "end": "00:25:56", "text": "50% now. Uh so continuing to slip"}, {"start": "00:25:54", "end": "00:25:59", "text": "really. And this is just in the last"}, {"start": "00:25:56", "end": "00:26:02", "text": "week that we've seen this. If it were to"}, {"start": "00:25:59", "end": "00:26:05", "text": "fail though and this does push off a lot"}, {"start": "00:26:02", "end": "00:26:08", "text": "of this activity offshore, wouldn't be a"}, {"start": "00:26:05", "end": "00:26:10", "text": "winner there because this essentially is"}, {"start": "00:26:08", "end": "00:26:12", "text": "what your business model is built around"}, {"start": "00:26:10", "end": "00:26:14", "text": "right now."}, {"start": "00:26:12", "end": "00:26:16", "text": ">> Yes, I think is very well hedged for"}, {"start": "00:26:14", "end": "00:26:17", "text": "clarity failing but we do not like it to"}, {"start": "00:26:16", "end": "00:26:20", "text": "fail because I think it is important for"}, {"start": "00:26:17", "end": "00:26:22", "text": "the US to continue to win. But you are"}, {"start": "00:26:20", "end": "00:26:24", "text": "correct in that right now we are the"}, {"start": "00:26:22", "end": "00:26:26", "text": "dominant player in the offshore market."}, {"start": "00:26:24", "end": "00:26:28", "text": "uh whether clarity passes or not, we"}, {"start": "00:26:26", "end": "00:26:28", "text": "expect that to continue to be the case."}, {"start": "00:26:28", "end": "00:26:31", "text": "Okay."}, {"start": "00:26:28", "end": "00:26:34", "text": ">> Uh but just for the US as a patriot, I"}, {"start": "00:26:31", "end": "00:26:36", "text": "do hope that it passes."}, {"start": "00:26:34", "end": "00:26:39", "text": ">> All right. As far as the banks, do you"}, {"start": "00:26:36", "end": "00:26:41", "text": "think that the banks are truly against"}, {"start": "00:26:39", "end": "00:26:44", "text": "clarity or is it just they haven't got"}, {"start": "00:26:41", "end": "00:26:47", "text": "the right matchup yet for trying to make"}, {"start": "00:26:44", "end": "00:26:49", "text": "this new world work?"}, {"start": "00:26:47", "end": "00:26:52", "text": "I mean, I think everyone with any of"}, {"start": "00:26:49", "end": "00:26:55", "text": "these bills wants to make sure that"}, {"start": "00:26:52", "end": "00:26:58", "text": "their own vested interests are there,"}, {"start": "00:26:55", "end": "00:27:00", "text": "right? And the interests of the banks as"}, {"start": "00:26:58", "end": "00:27:03", "text": "it relates to retaining their deposits"}, {"start": "00:27:00", "end": "00:27:04", "text": "and keeping their clients may have an"}, {"start": "00:27:03", "end": "00:27:06", "text": "interest to not be as lenient on the"}, {"start": "00:27:04", "end": "00:27:08", "text": "innovation front or on the stable coin"}, {"start": "00:27:06", "end": "00:27:10", "text": "front or on the tokenized securities"}, {"start": "00:27:08", "end": "00:27:11", "text": "front as some others, right?"}, {"start": "00:27:10", "end": "00:27:14", "text": ">> So, everything you see is just, you"}, {"start": "00:27:11", "end": "00:27:16", "text": "know, I don't blame the banks for it per"}, {"start": "00:27:14", "end": "00:27:18", "text": "se. Uh, I think everyone just wants to"}, {"start": "00:27:16", "end": "00:27:20", "text": "do what's right for their own business."}, {"start": "00:27:18", "end": "00:27:22", "text": "But I think if the US wants to be a"}, {"start": "00:27:20", "end": "00:27:25", "text": "meaningful player in the digital asset"}, {"start": "00:27:22", "end": "00:27:27", "text": "space and actually have innovation and"}, {"start": "00:27:25", "end": "00:27:32", "text": "keep the market in the US and not go"}, {"start": "00:27:27", "end": "00:27:33", "text": "offshore, I think uh this bill needs to"}, {"start": "00:27:32", "end": "00:27:36", "text": "be pretty aggressive on the innovation"}, {"start": "00:27:33", "end": "00:27:38", "text": "front. The banks may not like that, but"}, {"start": "00:27:36", "end": "00:27:39", "text": "otherwise the US just risks losing its"}, {"start": "00:27:38", "end": "00:27:42", "text": "position. like to an extent it almost"}, {"start": "00:27:39", "end": "00:27:44", "text": "doesn't"}, {"start": "00:27:42", "end": "00:27:46", "text": "there are regulatory frameworks outside"}, {"start": "00:27:44", "end": "00:27:48", "text": "the US that have already embraced the"}, {"start": "00:27:46", "end": "00:27:50", "text": "rapper model right on those tokenized"}, {"start": "00:27:48", "end": "00:27:52", "text": "stocks have an approved perspectus in"}, {"start": "00:27:50", "end": "00:27:54", "text": "the European Union our assets are"}, {"start": "00:27:52", "end": "00:27:56", "text": "classified under Miffid as transferable"}, {"start": "00:27:54", "end": "00:27:59", "text": "securities our assets have an approval"}, {"start": "00:27:56", "end": "00:28:01", "text": "from the FSRA in Abu Dhabi for secondary"}, {"start": "00:27:59", "end": "00:28:04", "text": "market trading Binance is using their"}, {"start": "00:28:01", "end": "00:28:05", "text": "local broker dealer in Abu Dhabi to list"}, {"start": "00:28:04", "end": "00:28:08", "text": "our assets and make them available for"}, {"start": "00:28:05", "end": "00:28:10", "text": "trade so the rapper model outside the US"}, {"start": "00:28:08", "end": "00:28:12", "text": "is not going anywhere. It's going to"}, {"start": "00:28:10", "end": "00:28:13", "text": "continue to grow and more regulators are"}, {"start": "00:28:12", "end": "00:28:15", "text": "embracing it."}, {"start": "00:28:13", "end": "00:28:17", "text": ">> I think the US just runs the risk of not"}, {"start": "00:28:15", "end": "00:28:21", "text": "embracing it and then keeping all that"}, {"start": "00:28:17", "end": "00:28:22", "text": "the entire rapper model offshore and uh"}, {"start": "00:28:21", "end": "00:28:25", "text": "you know I don't think that would be in"}, {"start": "00:28:22", "end": "00:28:27", "text": "the interest of the US. So but I do want"}, {"start": "00:28:25", "end": "00:28:30", "text": "to highlight to an extent to what you"}, {"start": "00:28:27", "end": "00:28:32", "text": "highlighted before market structure and"}, {"start": "00:28:30", "end": "00:28:34", "text": "what it ends up being as a patriot. I"}, {"start": "00:28:32", "end": "00:28:36", "text": "hope the US does the right thing. Even"}, {"start": "00:28:34", "end": "00:28:38", "text": "if they don't, I think Ando is pretty"}, {"start": "00:28:36", "end": "00:28:40", "text": "well positioned in order to keep growing"}, {"start": "00:28:38", "end": "00:28:42", "text": "offshore. I just also want to make sure"}, {"start": "00:28:40", "end": "00:28:44", "text": "we can also grow in the US."}, {"start": "00:28:42", "end": "00:28:46", "text": ">> Well, that's the key right there, my"}, {"start": "00:28:44", "end": "00:28:48", "text": "friend, is let's don't screw up the uh"}, {"start": "00:28:46", "end": "00:28:50", "text": "financial markets that could be"}, {"start": "00:28:48", "end": "00:28:51", "text": "exploding around us. I just saw news"}, {"start": "00:28:50", "end": "00:28:53", "text": "this morning, you know, with Japan."}, {"start": "00:28:51", "end": "00:28:55", "text": "They've also altered their, you know,"}, {"start": "00:28:53", "end": "00:28:57", "text": "their crypto gains tax. We're seeing"}, {"start": "00:28:55", "end": "00:28:59", "text": "almost every Asian country out there"}, {"start": "00:28:57", "end": "00:29:01", "text": "that's making it more beneficial for"}, {"start": "00:28:59", "end": "00:29:03", "text": "those kinds of investors, which means"}, {"start": "00:29:01", "end": "00:29:05", "text": "those assets are starting to go live"}, {"start": "00:29:03", "end": "00:29:07", "text": "within those regulatory frameworks. So,"}, {"start": "00:29:05", "end": "00:29:09", "text": "it's a big deal right now that uh is"}, {"start": "00:29:07", "end": "00:29:11", "text": "happening all around us, just not in the"}, {"start": "00:29:09", "end": "00:29:13", "text": "United States just yet. So,"}, {"start": "00:29:11", "end": "00:29:15", "text": ">> hopefully uh your wish will be the case."}, {"start": "00:29:13", "end": "00:29:17", "text": "Uh Ian, thank you so much for coming in"}, {"start": "00:29:15", "end": "00:29:21", "text": "today. We appreciate it."}, {"start": "00:29:17", "end": "00:29:21", "text": ">> Thanks for having me."}, {"start": "00:29:24", "end": "00:29:28", "text": "If you like this video, hit like and"}, {"start": "00:29:26", "end": "00:29:31", "text": "subscribe. Drop a comment down below and"}, {"start": "00:29:28", "end": "00:29:35", "text": "also join our free private member group."}, {"start": "00:29:31", "end": "00:29:35", "text": "The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "inflation continuing to hold up and of"}, {"start": "00:00:02", "end": "00:00:06", "text": "course all of this is happening during"}, {"start": "00:00:04", "end": "00:00:08", "text": "the SpaceX week. We'll talk about that."}, {"start": "00:00:06", "end": "00:00:10", "text": "It is out of control, guys. But before"}, {"start": "00:00:08", "end": "00:00:11", "text": "we get started, a word from our"}, {"start": "00:00:10", "end": "00:00:14", "text": "sponsors. I want to thank our sponsor"}, {"start": "00:00:11", "end": "00:00:16", "text": "today and of course that is Uphold. If"}, {"start": "00:00:14", "end": "00:00:18", "text": "you are holding crypto right now and not"}, {"start": "00:00:16", "end": "00:00:19", "text": "earning rewards, you're essentially"}, {"start": "00:00:18", "end": "00:00:22", "text": "leaving money on the table. And the"}, {"start": "00:00:19", "end": "00:00:25", "text": "reality is in today's market, you need"}, {"start": "00:00:22", "end": "00:00:27", "text": "to be able to move instantly. That's why"}, {"start": "00:00:25", "end": "00:00:30", "text": "Uphold's flexible staking is such a"}, {"start": "00:00:27", "end": "00:00:33", "text": "gamecher. You can earn weekly rewards"}, {"start": "00:00:30", "end": "00:00:35", "text": "automatically on assets you already hold"}, {"start": "00:00:33", "end": "00:00:38", "text": "without a lockup. That's most important."}, {"start": "00:00:35", "end": "00:00:40", "text": "You can sell anytime. It's the perfect"}, {"start": "00:00:38", "end": "00:00:42", "text": "setup for anyone who wants to grow their"}, {"start": "00:00:40", "end": "00:00:45", "text": "holdings without losing their exit"}, {"start": "00:00:42", "end": "00:00:47", "text": "strategy. Download the Uphold app today"}, {"start": "00:00:45", "end": "00:00:49", "text": "and try it for yourself. Let's get into"}, {"start": "00:00:47", "end": "00:00:52", "text": "it. Today I want to start off with Ted"}, {"start": "00:00:49", "end": "00:00:54", "text": "Pillows. And I love this. I love Ted"}, {"start": "00:00:52", "end": "00:00:56", "text": "Pillows just because I love the X"}, {"start": "00:00:54", "end": "00:00:58", "text": "account. cracks are appearing and of"}, {"start": "00:00:56", "end": "00:01:00", "text": "course big players going risk off. The"}, {"start": "00:00:58", "end": "00:01:04", "text": "real capitulation did not happen yet. I"}, {"start": "00:01:00", "end": "00:01:06", "text": "agree with this 100%. We are in I think"}, {"start": "00:01:04", "end": "00:01:08", "text": "denial phase. I would agree with uh what"}, {"start": "00:01:06", "end": "00:01:10", "text": "we're hearing from a lot of his"}, {"start": "00:01:08", "end": "00:01:11", "text": "commenters is that that is the phase"}, {"start": "00:01:10", "end": "00:01:13", "text": "that we're in right now. I want to go to"}, {"start": "00:01:11", "end": "00:01:16", "text": "a clip here that kind of goes into where"}, {"start": "00:01:13", "end": "00:01:18", "text": "the situation is around SpaceX because"}, {"start": "00:01:16", "end": "00:01:19", "text": "this will start to put some pressure I"}, {"start": "00:01:18", "end": "00:01:22", "text": "think on the market. Take a look."}, {"start": "00:01:19", "end": "00:01:24", "text": "SpaceX's IPO is almost four times overs"}, {"start": "00:01:22", "end": "00:01:26", "text": "subscribed and sources have told Reuters"}, {"start": "00:01:24", "end": "00:01:29", "text": "it's drawn more than $250 billion"}, {"start": "00:01:26", "end": "00:01:30", "text": "dollars of investor demand. As far as"}, {"start": "00:01:29", "end": "00:01:32", "text": "the expectations and the hype for the"}, {"start": "00:01:30", "end": "00:01:34", "text": "IPO, I do also think that that four"}, {"start": "00:01:32", "end": "00:01:36", "text": "times overs subscribed number. A lot of"}, {"start": "00:01:34", "end": "00:01:38", "text": "that has been driven by the hype that"}, {"start": "00:01:36", "end": "00:01:41", "text": "has been driven by the book runners by"}, {"start": "00:01:38", "end": "00:01:43", "text": "Elon himself and and by the media in"}, {"start": "00:01:41", "end": "00:01:44", "text": "just drumming up interest in this. So"}, {"start": "00:01:43", "end": "00:01:46", "text": "nobody expects to get their full"}, {"start": "00:01:44", "end": "00:01:49", "text": "allocation. So they probably bid for"}, {"start": "00:01:46", "end": "00:01:52", "text": "more. And some admittedly think the"}, {"start": "00:01:49", "end": "00:01:54", "text": "valuations are extraordinarily high and"}, {"start": "00:01:52", "end": "00:01:56", "text": "perhaps extreme, but want to just be a"}, {"start": "00:01:54", "end": "00:01:58", "text": "part of the action, a piece of the"}, {"start": "00:01:56", "end": "00:02:00", "text": "action, knowing perhaps that that small"}, {"start": "00:01:58", "end": "00:02:02", "text": "amount that they do get allocated will"}, {"start": "00:02:00", "end": "00:02:04", "text": "not make a big dent in their portfolio."}, {"start": "00:02:02", "end": "00:02:06", "text": "So I think there's a lot of speculation"}, {"start": "00:02:04", "end": "00:02:07", "text": "going on like that. Where is it coming"}, {"start": "00:02:06", "end": "00:02:09", "text": "from? Maybe from Bitcoin. We will"}, {"start": "00:02:07", "end": "00:02:11", "text": "probably see some some pull away from"}, {"start": "00:02:09", "end": "00:02:13", "text": "that. But that tells you something. If"}, {"start": "00:02:11", "end": "00:02:15", "text": "that is coming away from Bitcoin,"}, {"start": "00:02:13", "end": "00:02:17", "text": "arguably the most speculative piece in"}, {"start": "00:02:15", "end": "00:02:19", "text": "an asset allocation today, the piece"}, {"start": "00:02:17", "end": "00:02:20", "text": "that has no history as to how it"}, {"start": "00:02:19", "end": "00:02:23", "text": "performs, that's the money that's going"}, {"start": "00:02:20", "end": "00:02:25", "text": "into the SpaceX IPO. I think that tells"}, {"start": "00:02:23", "end": "00:02:26", "text": "you investors are not treating this like"}, {"start": "00:02:25", "end": "00:02:28", "text": "any other equity."}, {"start": "00:02:26", "end": "00:02:29", "text": ">> All right. So, just to kind of comment"}, {"start": "00:02:28", "end": "00:02:30", "text": "on what she was saying there, a little"}, {"start": "00:02:29", "end": "00:02:32", "text": "bit of push back. I think that this is"}, {"start": "00:02:30", "end": "00:02:34", "text": "actually coming maybe from the broader"}, {"start": "00:02:32", "end": "00:02:37", "text": "market and it not maybe not necessarily"}, {"start": "00:02:34", "end": "00:02:39", "text": "the top or the mag 7 but definitely"}, {"start": "00:02:37", "end": "00:02:40", "text": "within a lot of companies that people"}, {"start": "00:02:39", "end": "00:02:43", "text": "have already taken profits on or are"}, {"start": "00:02:40", "end": "00:02:45", "text": "looking to take profits on. Bitcoin may"}, {"start": "00:02:43", "end": "00:02:47", "text": "have some of this in terms of liquidity"}, {"start": "00:02:45", "end": "00:02:49", "text": "injection into SpaceX. But I think all"}, {"start": "00:02:47", "end": "00:02:52", "text": "of this is still the broader markets"}, {"start": "00:02:49", "end": "00:02:54", "text": "supporting or getting ready for what"}, {"start": "00:02:52", "end": "00:02:56", "text": "will be a major launch on the SpaceX"}, {"start": "00:02:54", "end": "00:02:58", "text": "IPO. Uh so much so that Senator Warren"}, {"start": "00:02:56", "end": "00:03:00", "text": "comes on and says uh she just called the"}, {"start": "00:02:58", "end": "00:03:02", "text": "SEC to block the SpaceX IPO. Her"}, {"start": "00:03:00", "end": "00:03:05", "text": "reasons, she cited three concerns."}, {"start": "00:03:02", "end": "00:03:08", "text": "Unchecked uh control over the company,"}, {"start": "00:03:05", "end": "00:03:10", "text": "governance risk on public investors that"}, {"start": "00:03:08", "end": "00:03:11", "text": "I definitely agree with there. I'm not"}, {"start": "00:03:10", "end": "00:03:13", "text": "agreeing with Warren, but I agree that"}, {"start": "00:03:11", "end": "00:03:15", "text": "they shouldn't have changed all these"}, {"start": "00:03:13", "end": "00:03:16", "text": "rules to where these, you know,"}, {"start": "00:03:15", "end": "00:03:18", "text": "investment funds automatically invest"}, {"start": "00:03:16", "end": "00:03:21", "text": "into this and you have no choice or"}, {"start": "00:03:18", "end": "00:03:23", "text": "option to not do that. uh and the"}, {"start": "00:03:21", "end": "00:03:24", "text": "possibility of Chinese investment in a"}, {"start": "00:03:23", "end": "00:03:26", "text": "company that's one of the biggest uh and"}, {"start": "00:03:24", "end": "00:03:28", "text": "most critical defense contractors."}, {"start": "00:03:26", "end": "00:03:30", "text": "That's a big factor here. I would like"}, {"start": "00:03:28", "end": "00:03:32", "text": "to know more about that. I'm not aware"}, {"start": "00:03:30", "end": "00:03:35", "text": "of major Chinese investment, but I"}, {"start": "00:03:32", "end": "00:03:37", "text": "wonder if there is something brewing"}, {"start": "00:03:35", "end": "00:03:39", "text": "there to kind of go uh around where"}, {"start": "00:03:37", "end": "00:03:41", "text": "she's talking. I want to go to the clip"}, {"start": "00:03:39", "end": "00:03:43", "text": "where she breaks down this warning"}, {"start": "00:03:41", "end": "00:03:46", "text": "letter to the SEC. Elizabeth Warren in"}, {"start": "00:03:43", "end": "00:03:49", "text": "this letter, citing a number of factors"}, {"start": "00:03:46", "end": "00:03:50", "text": "she says warrant a delay in the IPO,"}, {"start": "00:03:49", "end": "00:03:52", "text": "including the company's valuation. She"}, {"start": "00:03:50", "end": "00:03:54", "text": "says market analysts have raised"}, {"start": "00:03:52", "end": "00:03:56", "text": "concerns about the math underlying"}, {"start": "00:03:54", "end": "00:03:58", "text": "SpaceX's target valuation. She raises"}, {"start": "00:03:56", "end": "00:04:00", "text": "concerns about governance structure,"}, {"start": "00:03:58", "end": "00:04:01", "text": "saying publicly traded companies are"}, {"start": "00:04:00", "end": "00:04:04", "text": "meant to be accountable to their"}, {"start": "00:04:01", "end": "00:04:07", "text": "shareholders. The SpaceX IPO will flip"}, {"start": "00:04:04", "end": "00:04:09", "text": "this model on its head. The SpaceX IPO"}, {"start": "00:04:07", "end": "00:04:11", "text": "creates a new concern that major stock"}, {"start": "00:04:09", "end": "00:04:13", "text": "market indexes are being rigged in a way"}, {"start": "00:04:11", "end": "00:04:15", "text": "that would force millions of investors"}, {"start": "00:04:13", "end": "00:04:17", "text": "in passive index funds, a generally"}, {"start": "00:04:15", "end": "00:04:19", "text": "lowerc cost investment option that can"}, {"start": "00:04:17", "end": "00:04:22", "text": "be attractive to retail investors to"}, {"start": "00:04:19", "end": "00:04:25", "text": "invest in SpaceX and face exposure to"}, {"start": "00:04:22", "end": "00:04:27", "text": "SpaceX's significant risk with no choice"}, {"start": "00:04:25", "end": "00:04:29", "text": "in the matter. So that from Elizabeth"}, {"start": "00:04:27", "end": "00:04:31", "text": "Warren. political reality is that Donald"}, {"start": "00:04:29", "end": "00:04:34", "text": "Trump's SEC not likely to take Elizabeth"}, {"start": "00:04:31", "end": "00:04:36", "text": "Warren's advice here on this IPO on"}, {"start": "00:04:34", "end": "00:04:37", "text": "Friday, but I think it does signal some"}, {"start": "00:04:36", "end": "00:04:40", "text": "concerns out there in the investing"}, {"start": "00:04:37", "end": "00:04:42", "text": "community. And if Democrats are to be"}, {"start": "00:04:40", "end": "00:04:44", "text": "successful in the midterms, uh it could"}, {"start": "00:04:42", "end": "00:04:46", "text": "precede some static for the company"}, {"start": "00:04:44", "end": "00:04:48", "text": "after November, guys. Back to you."}, {"start": "00:04:46", "end": "00:04:50", "text": ">> I mean, these indices have spent a lot"}, {"start": "00:04:48", "end": "00:04:52", "text": "of time thinking about what they should"}, {"start": "00:04:50", "end": "00:04:54", "text": "do and what they shouldn't do. And the"}, {"start": "00:04:52", "end": "00:04:56", "text": "idea that it's rigged, I think, is a"}, {"start": "00:04:54", "end": "00:04:57", "text": "very strong word. I hope you agree with"}, {"start": "00:04:56", "end": "00:04:59", "text": "me."}, {"start": "00:04:57", "end": "00:05:01", "text": ">> All right, guys. Rigged. I think yeah,"}, {"start": "00:04:59", "end": "00:05:03", "text": "you you have to look at just the"}, {"start": "00:05:01", "end": "00:05:05", "text": "modifications that were made to allow"}, {"start": "00:05:03", "end": "00:05:08", "text": "this IPO to happen under these new rules"}, {"start": "00:05:05", "end": "00:05:09", "text": "and guidelines. There's been a lot I and"}, {"start": "00:05:08", "end": "00:05:11", "text": "definitely when you look at the funds"}, {"start": "00:05:09", "end": "00:05:14", "text": "that will have access to this, that is"}, {"start": "00:05:11", "end": "00:05:15", "text": "the concern. Um the other thing that's"}, {"start": "00:05:14", "end": "00:05:17", "text": "happening though is the fact that we're"}, {"start": "00:05:15", "end": "00:05:19", "text": "seeing this spread across a lot of"}, {"start": "00:05:17", "end": "00:05:22", "text": "different varieties of markets and that"}, {"start": "00:05:19", "end": "00:05:25", "text": "is including a 2x SpaceX ETF now"}, {"start": "00:05:22", "end": "00:05:28", "text": "launching the same day as the IPO."}, {"start": "00:05:25", "end": "00:05:31", "text": "Man, talk about people piling on. This"}, {"start": "00:05:28", "end": "00:05:34", "text": "is going to be most likely just the"}, {"start": "00:05:31", "end": "00:05:36", "text": "first of many different programs"}, {"start": "00:05:34", "end": "00:05:38", "text": "launching around this. And not only"}, {"start": "00:05:36", "end": "00:05:41", "text": "that, let's look at this. The deadline"}, {"start": "00:05:38", "end": "00:05:43", "text": "now to submit your IPO, SpaceX IPO share"}, {"start": "00:05:41", "end": "00:05:46", "text": "request has now changed to today at 4"}, {"start": "00:05:43", "end": "00:05:48", "text": "p.m. Uh, and that is coming in for Robin"}, {"start": "00:05:46", "end": "00:05:50", "text": "Hood users. Just remember that there is"}, {"start": "00:05:48", "end": "00:05:52", "text": "that 30-day cycle thing that puts you"}, {"start": "00:05:50", "end": "00:05:53", "text": "into a little bit of a situation where"}, {"start": "00:05:52", "end": "00:05:55", "text": "you can't get into another IPO if you"}, {"start": "00:05:53", "end": "00:05:57", "text": "cycle a share. Um, meaning you buy it"}, {"start": "00:05:55", "end": "00:05:59", "text": "now and sell it before 30 days. So, just"}, {"start": "00:05:57", "end": "00:06:01", "text": "be aware of those kind of rules that are"}, {"start": "00:05:59", "end": "00:06:02", "text": "out there if you are participating in"}, {"start": "00:06:01", "end": "00:06:05", "text": "this. First of all, just let me know,"}, {"start": "00:06:02", "end": "00:06:07", "text": "are you guys buying the SpaceX IPO? Just"}, {"start": "00:06:05", "end": "00:06:09", "text": "yes or no down in the comments. I'd love"}, {"start": "00:06:07", "end": "00:06:13", "text": "to see where the audience is going. X"}, {"start": "00:06:09", "end": "00:06:14", "text": "stocks though now launching the XOX"}, {"start": "00:06:13", "end": "00:06:16", "text": "alliance member big wallet now with"}, {"start": "00:06:14", "end": "00:06:19", "text": "their successful SpaceX stocks which is"}, {"start": "00:06:16", "end": "00:06:22", "text": "called SPCXX"}, {"start": "00:06:19", "end": "00:06:24", "text": "all out there and available again these"}, {"start": "00:06:22", "end": "00:06:26", "text": "are what I think is a frothy frothy"}, {"start": "00:06:24", "end": "00:06:28", "text": "situation around SpaceX that"}, {"start": "00:06:26", "end": "00:06:31", "text": "unfortunately I feel is going to be a"}, {"start": "00:06:28", "end": "00:06:32", "text": "bad situation for retail and that is a"}, {"start": "00:06:31", "end": "00:06:35", "text": "pump and then most likely a pretty"}, {"start": "00:06:32", "end": "00:06:38", "text": "significant dump but we'll see how it"}, {"start": "00:06:35", "end": "00:06:39", "text": "plays out. Franklin Templeton is talking"}, {"start": "00:06:38", "end": "00:06:41", "text": "about how they're going to participate."}, {"start": "00:06:39", "end": "00:06:43", "text": "Listen to know what they had to say."}, {"start": "00:06:41", "end": "00:06:45", "text": ">> So, what happens if this goes if this"}, {"start": "00:06:43", "end": "00:06:49", "text": "IPO goes well, if it doesn't go well?"}, {"start": "00:06:45", "end": "00:06:51", "text": ">> The investment bankers do a great job at"}, {"start": "00:06:49", "end": "00:06:54", "text": "really managing the price and the"}, {"start": "00:06:51", "end": "00:06:56", "text": "demand. And so, I'd be surprised if if"}, {"start": "00:06:54", "end": "00:06:57", "text": "this didn't go off well, you know, and"}, {"start": "00:06:56", "end": "00:06:59", "text": "we've been investing because we have"}, {"start": "00:06:57", "end": "00:07:01", "text": "both venture and we've been doing late"}, {"start": "00:06:59", "end": "00:07:02", "text": "stage venture in our growth equity funds"}, {"start": "00:07:01", "end": "00:07:04", "text": "for over a decade. So, we actually"}, {"start": "00:07:02", "end": "00:07:06", "text": "already have exposure and we will"}, {"start": "00:07:04", "end": "00:07:07", "text": "participate in the IPOs. And"}, {"start": "00:07:06", "end": "00:07:09", "text": ">> I'm hearing, you know, there's retail."}, {"start": "00:07:07", "end": "00:07:09", "text": "Yeah, you can get in. You can get I"}, {"start": "00:07:09", "end": "00:07:11", "text": "don't believe it."}, {"start": "00:07:09", "end": "00:07:14", "text": ">> I'm not sure what she's been looking at,"}, {"start": "00:07:11", "end": "00:07:18", "text": "but if you look at the past biggest IPOs"}, {"start": "00:07:14", "end": "00:07:20", "text": "in the past, Airbnb dumping, Rivian"}, {"start": "00:07:18", "end": "00:07:23", "text": "dumping, Coinbase dumping, I mean,"}, {"start": "00:07:20", "end": "00:07:26", "text": "Snowflake dumping, Uber dumping, Figma,"}, {"start": "00:07:23", "end": "00:07:28", "text": "they're all dumping. So, what would make"}, {"start": "00:07:26", "end": "00:07:30", "text": "you think that this one would be"}, {"start": "00:07:28", "end": "00:07:32", "text": "different in terms of them going out"}, {"start": "00:07:30", "end": "00:07:34", "text": "into the market? especially with the"}, {"start": "00:07:32", "end": "00:07:36", "text": "amount of froth that this could go."}, {"start": "00:07:34", "end": "00:07:39", "text": "Sure, we could see a little bit of a"}, {"start": "00:07:36", "end": "00:07:41", "text": "move, but that move most likely is going"}, {"start": "00:07:39", "end": "00:07:43", "text": "to compound the investments in these and"}, {"start": "00:07:41", "end": "00:07:45", "text": "people will take profits and they're"}, {"start": "00:07:43", "end": "00:07:47", "text": "going to get their funds back from their"}, {"start": "00:07:45", "end": "00:07:50", "text": "investments that they made in these"}, {"start": "00:07:47", "end": "00:07:52", "text": "early stages into the company and take"}, {"start": "00:07:50", "end": "00:07:55", "text": "their profits and billions away from the"}, {"start": "00:07:52", "end": "00:07:57", "text": "retail investor. All of that though is"}, {"start": "00:07:55", "end": "00:08:00", "text": "undershadowed by what we continue to"}, {"start": "00:07:57", "end": "00:08:02", "text": "still see as the biggest market presence"}, {"start": "00:08:00", "end": "00:08:05", "text": "in the entire market and that is what's"}, {"start": "00:08:02", "end": "00:08:07", "text": "going on in Iran. Iran's military is now"}, {"start": "00:08:05", "end": "00:08:10", "text": "a according to Trump is a complete and"}, {"start": "00:08:07", "end": "00:08:12", "text": "total mess because they have been"}, {"start": "00:08:10", "end": "00:08:13", "text": "completely defeated. Uh they don't want"}, {"start": "00:08:12", "end": "00:08:15", "text": "to talk. They don't want to deal. The"}, {"start": "00:08:13", "end": "00:08:17", "text": "bully of the Middle East is dead. This"}, {"start": "00:08:15", "end": "00:08:18", "text": "is the kind of stuff and the rhetoric"}, {"start": "00:08:17", "end": "00:08:21", "text": "that we continue to see coming out of"}, {"start": "00:08:18", "end": "00:08:24", "text": "Trump. I don't know this guy is anybody"}, {"start": "00:08:21", "end": "00:08:26", "text": "listening to Trump anymore because it's"}, {"start": "00:08:24", "end": "00:08:28", "text": "there's so many promises that have been"}, {"start": "00:08:26", "end": "00:08:30", "text": "broken here. So many promises that have"}, {"start": "00:08:28", "end": "00:08:32", "text": "been said we got a deal we don't got a"}, {"start": "00:08:30", "end": "00:08:34", "text": "deal I think it was 30 plus times. I"}, {"start": "00:08:32", "end": "00:08:36", "text": "don't see how this anybody has taken it"}, {"start": "00:08:34", "end": "00:08:38", "text": "serious and being able to negotiate this"}, {"start": "00:08:36", "end": "00:08:40", "text": "out is going to be critical going into"}, {"start": "00:08:38", "end": "00:08:43", "text": "the midterms. I wonder what he has up"}, {"start": "00:08:40", "end": "00:08:45", "text": "his sleeve if this continues to go"}, {"start": "00:08:43", "end": "00:08:48", "text": "sideways and we continue to see the"}, {"start": "00:08:45", "end": "00:08:50", "text": "problem of inflation, fuel prices, and"}, {"start": "00:08:48", "end": "00:08:52", "text": "all of that. Well, Arthur Hayes thinks"}, {"start": "00:08:50", "end": "00:08:55", "text": "he has an angle on this. Take a look."}, {"start": "00:08:52", "end": "00:08:56", "text": ">> This oil and commodity inflation has"}, {"start": "00:08:55", "end": "00:08:59", "text": "been building through the supply chain"}, {"start": "00:08:56", "end": "00:09:01", "text": "for months. You can't just stop it. And"}, {"start": "00:08:59", "end": "00:09:02", "text": "so inflation is baked in. There's not"}, {"start": "00:09:01", "end": "00:09:05", "text": "really much you can do about that"}, {"start": "00:09:02", "end": "00:09:07", "text": "situation. So I almost think you got to"}, {"start": "00:09:05", "end": "00:09:09", "text": "kitchen sink the affordability issue. So"}, {"start": "00:09:07", "end": "00:09:11", "text": "if you can't really do anything about"}, {"start": "00:09:09", "end": "00:09:13", "text": "that issue, what's the next thing that"}, {"start": "00:09:11", "end": "00:09:14", "text": "people care about? And I think that they"}, {"start": "00:09:13", "end": "00:09:18", "text": "probably care about this more because"}, {"start": "00:09:14", "end": "00:09:21", "text": "yes, if a price of good goes up 10% but"}, {"start": "00:09:18", "end": "00:09:24", "text": "you have a job, okay, it's bad, but you"}, {"start": "00:09:21", "end": "00:09:26", "text": "still have a job. If AI takes your job,"}, {"start": "00:09:24", "end": "00:09:28", "text": "you have no income and shit's going up"}, {"start": "00:09:26", "end": "00:09:30", "text": "in price. So what are you afraid of"}, {"start": "00:09:28", "end": "00:09:32", "text": "more? The AI taking your job or the"}, {"start": "00:09:30", "end": "00:09:36", "text": "inflation. you know, rich and poor, red"}, {"start": "00:09:32", "end": "00:09:37", "text": "and blue Americans are scared shitless"}, {"start": "00:09:36", "end": "00:09:40", "text": "about AI."}, {"start": "00:09:37", "end": "00:09:44", "text": ">> I don't know that Trump would pivot on"}, {"start": "00:09:40", "end": "00:09:46", "text": "using an anti- AI approach. Um, and and"}, {"start": "00:09:44", "end": "00:09:47", "text": "I get that maybe Hayes is thinking that"}, {"start": "00:09:46", "end": "00:09:48", "text": "there's a lot of people that are"}, {"start": "00:09:47", "end": "00:09:50", "text": "concerned about. I don't know that that"}, {"start": "00:09:48", "end": "00:09:51", "text": "is really the case. I think people are"}, {"start": "00:09:50", "end": "00:09:53", "text": "aware of it and are concerned about it,"}, {"start": "00:09:51", "end": "00:09:55", "text": "but I think they're more concerned about"}, {"start": "00:09:53", "end": "00:09:56", "text": "price at the gas pump. They're more"}, {"start": "00:09:55", "end": "00:09:58", "text": "concerned about price at the grocery"}, {"start": "00:09:56", "end": "00:10:00", "text": "store. Those are the kind of things that"}, {"start": "00:09:58", "end": "00:10:02", "text": "are going to be front and center coming"}, {"start": "00:10:00", "end": "00:10:05", "text": "midterms. I don't think Trump is going"}, {"start": "00:10:02", "end": "00:10:07", "text": "to have any way that the midterms are"}, {"start": "00:10:05", "end": "00:10:10", "text": "going to get salvaged unless he gets an"}, {"start": "00:10:07", "end": "00:10:12", "text": "offramp and gets out of Iran or at least"}, {"start": "00:10:10", "end": "00:10:13", "text": "gets the straight of Hormuz open. I"}, {"start": "00:10:12", "end": "00:10:15", "text": "don't know that we're going to see this."}, {"start": "00:10:13", "end": "00:10:17", "text": "And remember, there was also just a"}, {"start": "00:10:15", "end": "00:10:19", "text": "recent tweet tweet from Trump saying"}, {"start": "00:10:17", "end": "00:10:20", "text": "that the US government is now going to"}, {"start": "00:10:19", "end": "00:10:23", "text": "take a stake much like they did with"}, {"start": "00:10:20", "end": "00:10:25", "text": "Intel uh into some of these AI"}, {"start": "00:10:23", "end": "00:10:28", "text": "companies. So why would he be anti-AI if"}, {"start": "00:10:25", "end": "00:10:30", "text": "they're actually trying to build a stake"}, {"start": "00:10:28", "end": "00:10:33", "text": "in those companies? I just don't see"}, {"start": "00:10:30", "end": "00:10:35", "text": "that as being the case uh going forward."}, {"start": "00:10:33", "end": "00:10:37", "text": "If you look at the rate hike situation,"}, {"start": "00:10:35", "end": "00:10:40", "text": "which is a concern I have right now,"}, {"start": "00:10:37", "end": "00:10:42", "text": "you've got a 52% rate hike right now on"}, {"start": "00:10:40", "end": "00:10:44", "text": "December. If you look at the October"}, {"start": "00:10:42", "end": "00:10:48", "text": "data, it's hovering in September around"}, {"start": "00:10:44", "end": "00:10:50", "text": "32%. Then you go to October at 70. But"}, {"start": "00:10:48", "end": "00:10:53", "text": "but December still likely a good large"}, {"start": "00:10:50", "end": "00:10:55", "text": "opportunity here for a rate hike. And"}, {"start": "00:10:53", "end": "00:10:58", "text": "you can kind of see it right there. 39%"}, {"start": "00:10:55", "end": "00:11:02", "text": "holding right now as we even though we"}, {"start": "00:10:58", "end": "00:11:04", "text": "had spiked up to around 51% on June 8th"}, {"start": "00:11:02", "end": "00:11:08", "text": "just earlier this week. So this is the"}, {"start": "00:11:04", "end": "00:11:10", "text": "real question. Will Kevin Worsh put a"}, {"start": "00:11:08", "end": "00:11:14", "text": "rate hike in play? Because if he puts a"}, {"start": "00:11:10", "end": "00:11:16", "text": "rate hike in play, where would crypto be"}, {"start": "00:11:14", "end": "00:11:18", "text": "at that time? Especially if we are not"}, {"start": "00:11:16", "end": "00:11:21", "text": "out of the Middle East and we continue"}, {"start": "00:11:18", "end": "00:11:23", "text": "to see inflation flaring like we are"}, {"start": "00:11:21", "end": "00:11:24", "text": "right now. I want to go to Cudmore real"}, {"start": "00:11:23", "end": "00:11:27", "text": "quick, Mark Cudmore, because he gets"}, {"start": "00:11:24", "end": "00:11:28", "text": "into the whole inflation situation as it"}, {"start": "00:11:27", "end": "00:11:30", "text": "is. Take a look."}, {"start": "00:11:28", "end": "00:11:32", "text": ">> Friday's jobs print changed the game. I"}, {"start": "00:11:30", "end": "00:11:35", "text": "mean, that was a very, very strong"}, {"start": "00:11:32", "end": "00:11:36", "text": "print, and it really jobs is the one bit"}, {"start": "00:11:35", "end": "00:11:38", "text": "that people are nervous about that will"}, {"start": "00:11:36", "end": "00:11:41", "text": "kind of prevent the Fed from being"}, {"start": "00:11:38", "end": "00:11:43", "text": "backed into hiking rates. Um, so now"}, {"start": "00:11:41", "end": "00:11:46", "text": "with that CPI print coming on the back"}, {"start": "00:11:43", "end": "00:11:47", "text": "of that that jobs print, uh, if we do"}, {"start": "00:11:46", "end": "00:11:50", "text": "get an upside price today, which is very"}, {"start": "00:11:47", "end": "00:11:52", "text": "likely, there's real kind of sensitivity"}, {"start": "00:11:50", "end": "00:11:54", "text": "in this market. Um, now what's"}, {"start": "00:11:52", "end": "00:11:55", "text": "interesting is we've priced in such"}, {"start": "00:11:54", "end": "00:11:57", "text": "nervousness since Friday, I actually"}, {"start": "00:11:55", "end": "00:11:59", "text": "think there's there's probably two-way"}, {"start": "00:11:57", "end": "00:12:01", "text": "surprise risk now. I'm not sure it's"}, {"start": "00:11:59", "end": "00:12:03", "text": "quite as asymmetric as I would have said"}, {"start": "00:12:01", "end": "00:12:05", "text": "maybe a few days ago. Um, and I and I"}, {"start": "00:12:03", "end": "00:12:07", "text": "reiterate my narrative for the Fed is"}, {"start": "00:12:05", "end": "00:12:09", "text": "either they're probably on hold or they"}, {"start": "00:12:07", "end": "00:12:11", "text": "hike multiple times because I think by"}, {"start": "00:12:09", "end": "00:12:12", "text": "the time they get backed in forced into"}, {"start": "00:12:11", "end": "00:12:13", "text": "doing a hike, that means they"}, {"start": "00:12:12", "end": "00:12:14", "text": "acknowledging they're behind the curve"}, {"start": "00:12:13", "end": "00:12:15", "text": "and they'll have to go multiple steps."}, {"start": "00:12:14", "end": "00:12:16", "text": "So, it's a little bit binary on the"}, {"start": "00:12:15", "end": "00:12:18", "text": "rates path as well."}, {"start": "00:12:16", "end": "00:12:19", "text": ">> All right. So, I hope you guys heard"}, {"start": "00:12:18", "end": "00:12:22", "text": "what he's saying. He's talking about"}, {"start": "00:12:19", "end": "00:12:23", "text": "hikes of multiple times. And what"}, {"start": "00:12:22", "end": "00:12:26", "text": "they're saying or what he's saying there"}, {"start": "00:12:23", "end": "00:12:28", "text": "is that they could be behind the curve"}, {"start": "00:12:26", "end": "00:12:31", "text": "on where this is heading, at least from"}, {"start": "00:12:28", "end": "00:12:33", "text": "an inflationary standpoint. Other issues"}, {"start": "00:12:31", "end": "00:12:35", "text": "that this could affect of course is the"}, {"start": "00:12:33", "end": "00:12:38", "text": "risk markets because as we see rate"}, {"start": "00:12:35", "end": "00:12:40", "text": "hikes typically what we have seen in"}, {"start": "00:12:38", "end": "00:12:43", "text": "terms of crypto is that causes crypto to"}, {"start": "00:12:40", "end": "00:12:43", "text": "go down. Pompiano talked about this"}, {"start": "00:12:43", "end": "00:12:45", "text": "today"}, {"start": "00:12:43", "end": "00:12:46", "text": ">> and so if you go and you look if there's"}, {"start": "00:12:45", "end": "00:12:48", "text": "not going to be interest rate cuts"}, {"start": "00:12:46", "end": "00:12:50", "text": "obviously that can serve somewhat as a"}, {"start": "00:12:48", "end": "00:12:51", "text": "headwind but I think that just because"}, {"start": "00:12:50", "end": "00:12:53", "text": "we don't get interest rate cuts doesn't"}, {"start": "00:12:51", "end": "00:12:54", "text": "mean that the government's national debt"}, {"start": "00:12:53", "end": "00:12:56", "text": "is not going up or that there's"}, {"start": "00:12:54", "end": "00:12:59", "text": "undisiplined you know kind of fiscal"}, {"start": "00:12:56", "end": "00:13:00", "text": "policy. And so ultimately what I believe"}, {"start": "00:12:59", "end": "00:13:02", "text": "is happening here is there may be some"}, {"start": "00:13:00", "end": "00:13:03", "text": "short-term headwinds because people"}, {"start": "00:13:02", "end": "00:13:06", "text": "aren't going to see rates go back down"}, {"start": "00:13:03", "end": "00:13:08", "text": "to 0% as we saw over the last few years."}, {"start": "00:13:06", "end": "00:13:10", "text": "But I do believe that people still are"}, {"start": "00:13:08", "end": "00:13:11", "text": "very long-term convicted that the"}, {"start": "00:13:10", "end": "00:13:13", "text": "government cannot stop printing money."}, {"start": "00:13:11", "end": "00:13:14", "text": "They can't stop printing money. They're"}, {"start": "00:13:13", "end": "00:13:15", "text": "going to debase the dollar. If the"}, {"start": "00:13:14", "end": "00:13:17", "text": "dollar gets debased, then you're going"}, {"start": "00:13:15", "end": "00:13:18", "text": "to want to own assets. Assets like"}, {"start": "00:13:17", "end": "00:13:20", "text": "Bitcoin and gold are going to do very"}, {"start": "00:13:18", "end": "00:13:22", "text": "well over a long period of time. And so"}, {"start": "00:13:20", "end": "00:13:24", "text": "I think that an entire generation woke"}, {"start": "00:13:22", "end": "00:13:26", "text": "up to that fact during COVID. they now"}, {"start": "00:13:24", "end": "00:13:28", "text": "are convinced and there's pretty much no"}, {"start": "00:13:26", "end": "00:13:29", "text": "data point you're going to show them"}, {"start": "00:13:28", "end": "00:13:30", "text": "that is going to convince them"}, {"start": "00:13:29", "end": "00:13:32", "text": "otherwise."}, {"start": "00:13:30", "end": "00:13:34", "text": ">> I think that what Pompiano is saying,"}, {"start": "00:13:32", "end": "00:13:35", "text": "you know, in general is right and the"}, {"start": "00:13:34", "end": "00:13:39", "text": "key words that he was talking about"}, {"start": "00:13:35", "end": "00:13:41", "text": "there is long term. Okay, the issue is"}, {"start": "00:13:39", "end": "00:13:42", "text": "what happens to the markets in the near"}, {"start": "00:13:41", "end": "00:13:45", "text": "term and the near-term will be"}, {"start": "00:13:42", "end": "00:13:48", "text": "correlated heavily to rate hikes. If"}, {"start": "00:13:45", "end": "00:13:50", "text": "rate hikes do occur, you will see pain"}, {"start": "00:13:48", "end": "00:13:51", "text": "in the risk markets and Bitcoin will"}, {"start": "00:13:50", "end": "00:13:53", "text": "probably be one of the big ones that"}, {"start": "00:13:51", "end": "00:13:58", "text": "leads the way on that. Now he talked"}, {"start": "00:13:53", "end": "00:14:00", "text": "about further in this same commentary is"}, {"start": "00:13:58", "end": "00:14:02", "text": "is this the right bare market for you"}, {"start": "00:14:00", "end": "00:14:03", "text": "maybe to get into crypto for the first"}, {"start": "00:14:02", "end": "00:14:04", "text": "time. Take a look."}, {"start": "00:14:03", "end": "00:14:06", "text": ">> And so peaking in October and drawing"}, {"start": "00:14:04", "end": "00:14:07", "text": "down now that would line up with that"}, {"start": "00:14:06", "end": "00:14:09", "text": "four-year cycle. But one of the things"}, {"start": "00:14:07", "end": "00:14:11", "text": "that we have seen is that this is one of"}, {"start": "00:14:09", "end": "00:14:13", "text": "the best bare markets. And usually you"}, {"start": "00:14:11", "end": "00:14:15", "text": "don't want to celebrate when an asset is"}, {"start": "00:14:13", "end": "00:14:16", "text": "going down. But what we have seen is"}, {"start": "00:14:15", "end": "00:14:18", "text": "that we are starting to hit a number of"}, {"start": "00:14:16", "end": "00:14:20", "text": "metrics that historically have actually"}, {"start": "00:14:18", "end": "00:14:22", "text": "signaled we're near the bottom of a bare"}, {"start": "00:14:20", "end": "00:14:24", "text": "market. But it's doing it without the"}, {"start": "00:14:22", "end": "00:14:26", "text": "80% draw down. Now, Bitcoin is still"}, {"start": "00:14:24", "end": "00:14:27", "text": "down 50 plus% and so it doesn't feel"}, {"start": "00:14:26", "end": "00:14:29", "text": "good for the people who are holding"}, {"start": "00:14:27", "end": "00:14:31", "text": "Bitcoin. But I do think that these bare"}, {"start": "00:14:29", "end": "00:14:32", "text": "markets are getting shallower which also"}, {"start": "00:14:31", "end": "00:14:34", "text": "means that the volatility overall of the"}, {"start": "00:14:32", "end": "00:14:36", "text": "asset are dampening and a lot of that is"}, {"start": "00:14:34", "end": "00:14:37", "text": "because you have the institutional"}, {"start": "00:14:36", "end": "00:14:39", "text": "participation. You know, if you go and"}, {"start": "00:14:37", "end": "00:14:40", "text": "you look at Bitcoin itself, one of the"}, {"start": "00:14:39", "end": "00:14:42", "text": "things that uh I think people are"}, {"start": "00:14:40", "end": "00:14:43", "text": "starting to talk about, there's a guy"}, {"start": "00:14:42", "end": "00:14:46", "text": "Benjamin Cohen who's come out and said"}, {"start": "00:14:43", "end": "00:14:48", "text": "the percent of Bitcoin that is held that"}, {"start": "00:14:46", "end": "00:14:50", "text": "is underwater is now larger than the"}, {"start": "00:14:48", "end": "00:14:51", "text": "percent of Bitcoin that is held that is"}, {"start": "00:14:50", "end": "00:14:53", "text": "in profit. And that usually is a pretty"}, {"start": "00:14:51", "end": "00:14:54", "text": "good signal that we are near the bottom"}, {"start": "00:14:53", "end": "00:14:56", "text": "of a bare market. And so I think that a"}, {"start": "00:14:54", "end": "00:14:58", "text": "lot of the Bitcoiners are starting to"}, {"start": "00:14:56", "end": "00:14:59", "text": "say, okay, you know, it's drawn down"}, {"start": "00:14:58", "end": "00:15:02", "text": "enough. I'm going to start accumulating"}, {"start": "00:14:59", "end": "00:15:04", "text": "now. So I think that accumulation most"}, {"start": "00:15:02", "end": "00:15:07", "text": "likely is occurring and probably will"}, {"start": "00:15:04", "end": "00:15:09", "text": "continue to to occur especially around"}, {"start": "00:15:07", "end": "00:15:11", "text": "the 60k and below. But the question"}, {"start": "00:15:09", "end": "00:15:13", "text": "marks right now are still centered"}, {"start": "00:15:11", "end": "00:15:15", "text": "around inflation. We're of course"}, {"start": "00:15:13", "end": "00:15:18", "text": "dealing with what could be the macro"}, {"start": "00:15:15", "end": "00:15:21", "text": "headwind of a century in terms of energy"}, {"start": "00:15:18", "end": "00:15:23", "text": "and what's going on in Iran. And then I"}, {"start": "00:15:21", "end": "00:15:24", "text": "think you've just got this whole issue"}, {"start": "00:15:23", "end": "00:15:26", "text": "that is really facing the crypto"}, {"start": "00:15:24", "end": "00:15:29", "text": "industry around clarity. So there's just"}, {"start": "00:15:26", "end": "00:15:33", "text": "so many things that pace this out. And"}, {"start": "00:15:29", "end": "00:15:35", "text": "lastly, if you consider how mostly"}, {"start": "00:15:33", "end": "00:15:38", "text": "institutions have been one of the big"}, {"start": "00:15:35", "end": "00:15:41", "text": "accredited components of really propping"}, {"start": "00:15:38", "end": "00:15:43", "text": "Bitcoin up to its all-time high of 126K,"}, {"start": "00:15:41", "end": "00:15:46", "text": "if they're not participating and they're"}, {"start": "00:15:43", "end": "00:15:48", "text": "willing to step away and wait for that"}, {"start": "00:15:46", "end": "00:15:50", "text": "volatility, especially a rate hike, I"}, {"start": "00:15:48", "end": "00:15:52", "text": "don't know. I think we could see a much"}, {"start": "00:15:50", "end": "00:15:54", "text": "lower market. Yes, that's a continued"}, {"start": "00:15:52", "end": "00:15:56", "text": "bare market, but it does open up an"}, {"start": "00:15:54", "end": "00:15:58", "text": "opportunity, I think, for a lot of these"}, {"start": "00:15:56", "end": "00:16:00", "text": "to get in position. And remember, the"}, {"start": "00:15:58", "end": "00:16:03", "text": "S&P 500 is getting ready to face one of"}, {"start": "00:16:00", "end": "00:16:04", "text": "its biggest headwinds yet with what's"}, {"start": "00:16:03", "end": "00:16:06", "text": "going on with SpaceX. So, there's a lot"}, {"start": "00:16:04", "end": "00:16:09", "text": "going on in the market. We'll continue"}, {"start": "00:16:06", "end": "00:16:09", "text": "to cover it."}, {"start": "00:16:13", "end": "00:16:17", "text": "If you like this video, hit like and"}, {"start": "00:16:15", "end": "00:16:19", "text": "subscribe, drop a comment down below,"}, {"start": "00:16:17", "end": "00:16:23", "text": "and also join our free private member"}, {"start": "00:16:19", "end": "00:16:23", "text": "group. The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Mastercard versus crypto. Today we're"}, {"start": "00:00:01", "end": "00:00:05", "text": "going to be doing a breakdown on"}, {"start": "00:00:03", "end": "00:00:07", "text": "payments and why this might be something"}, {"start": "00:00:05", "end": "00:00:09", "text": "to watch very closely. Let's just get"}, {"start": "00:00:07", "end": "00:00:12", "text": "right into it. Before we do that, a word"}, {"start": "00:00:09", "end": "00:00:15", "text": "from our sponsors. And this is a special"}, {"start": "00:00:12", "end": "00:00:17", "text": "offer for you guys. OKX is running an"}, {"start": "00:00:15", "end": "00:00:20", "text": "exclusive affiliate offer where you can"}, {"start": "00:00:17", "end": "00:00:23", "text": "earn up to $500 in XRP rewards just by"}, {"start": "00:00:20", "end": "00:00:26", "text": "hitting a few simple milestones. Step"}, {"start": "00:00:23", "end": "00:00:29", "text": "one, tier one, you can complete the KYC,"}, {"start": "00:00:26", "end": "00:00:32", "text": "you get $10 in XRP. If you go to step"}, {"start": "00:00:29", "end": "00:00:34", "text": "two, which is $100 on a deposit, you get"}, {"start": "00:00:32", "end": "00:00:37", "text": "another 40. Then you can bump that"}, {"start": "00:00:34", "end": "00:00:41", "text": "deposit and trade volume of just $1,000"}, {"start": "00:00:37", "end": "00:00:44", "text": "and you grab an additional $100 in XRP."}, {"start": "00:00:41", "end": "00:00:45", "text": "Best of all, for the heavy hitters out"}, {"start": "00:00:44", "end": "00:00:50", "text": "there, if you deposit and trade 10"}, {"start": "00:00:45", "end": "00:00:53", "text": "grand, you can unlock a massive $350 XRP"}, {"start": "00:00:50", "end": "00:00:56", "text": "reward. This stacks onto all of this. So"}, {"start": "00:00:53", "end": "00:01:00", "text": "boom, you get up to $500 max earning and"}, {"start": "00:00:56", "end": "00:01:02", "text": "it's paid directly out in XRP. So click"}, {"start": "00:01:00", "end": "00:01:04", "text": "the link down below. You guys are not"}, {"start": "00:01:02", "end": "00:01:06", "text": "want to miss this one. It is an awesome"}, {"start": "00:01:04", "end": "00:01:08", "text": "one. All right, something big happened"}, {"start": "00:01:06", "end": "00:01:10", "text": "today and that is in reference to Aentic"}, {"start": "00:01:08", "end": "00:01:13", "text": "Payments within the Mastercard"}, {"start": "00:01:10", "end": "00:01:16", "text": "ecosystem. It goes into some intriguing"}, {"start": "00:01:13", "end": "00:01:18", "text": "partners. Coinbase is in there. Of"}, {"start": "00:01:16", "end": "00:01:21", "text": "course, we see Polygon, Rain, Ripple,"}, {"start": "00:01:18", "end": "00:01:23", "text": "and many others including Salana also"}, {"start": "00:01:21", "end": "00:01:25", "text": "tied into this. tempo. You can kind of"}, {"start": "00:01:23", "end": "00:01:27", "text": "see. All right, so let me go to a clip"}, {"start": "00:01:25", "end": "00:01:30", "text": "real quick. This is actually an ad that"}, {"start": "00:01:27", "end": "00:01:31", "text": "got into their launch about Aentic Pay."}, {"start": "00:01:30", "end": "00:01:34", "text": "Take a look."}, {"start": "00:01:31", "end": "00:01:36", "text": ">> Mastercard Agent Pay for machines. It's"}, {"start": "00:01:34", "end": "00:01:39", "text": "a credentialed multi-rail service where"}, {"start": "00:01:36", "end": "00:01:41", "text": "only authorized participants can operate"}, {"start": "00:01:39", "end": "00:01:43", "text": "and smart onchain contracts are used to"}, {"start": "00:01:41", "end": "00:01:45", "text": "permission and control each agents"}, {"start": "00:01:43", "end": "00:01:47", "text": "ability to spend. Settlement of"}, {"start": "00:01:45", "end": "00:01:49", "text": "resulting payment obligations is"}, {"start": "00:01:47", "end": "00:01:52", "text": "guaranteed by Mastercard across any"}, {"start": "00:01:49", "end": "00:01:56", "text": "rail, currency, or format. Permissioned,"}, {"start": "00:01:52", "end": "00:01:58", "text": "transparent, and reliable. Priceless."}, {"start": "00:01:56", "end": "00:02:00", "text": ">> Key words there, guys. Permissioned."}, {"start": "00:01:58", "end": "00:02:02", "text": "First of all, didn't really mention that"}, {"start": "00:02:00", "end": "00:02:04", "text": "this was going to restructure how fees"}, {"start": "00:02:02", "end": "00:02:06", "text": "or merchant costs are going to go down."}, {"start": "00:02:04", "end": "00:02:08", "text": "This didn't really change the way we're"}, {"start": "00:02:06", "end": "00:02:10", "text": "going to see access. And the reason that"}, {"start": "00:02:08", "end": "00:02:12", "text": "I think they're doing this is because"}, {"start": "00:02:10", "end": "00:02:13", "text": "the growth that we're continuing to see"}, {"start": "00:02:12", "end": "00:02:16", "text": "within these crypto cards. If you look"}, {"start": "00:02:13", "end": "00:02:18", "text": "over on Dune, you can kind of see the"}, {"start": "00:02:16", "end": "00:02:21", "text": "growth right here. It's absolutely going"}, {"start": "00:02:18", "end": "00:02:23", "text": "just crazily skyrocketing high here. red"}, {"start": "00:02:21", "end": "00:02:26", "text": "dot leading the way. Then of course you"}, {"start": "00:02:23", "end": "00:02:29", "text": "have Etherfi, Nosis, MetaMask, Big Eard,"}, {"start": "00:02:26", "end": "00:02:31", "text": "etc. Point being is that this is going"}, {"start": "00:02:29", "end": "00:02:33", "text": "vertical in terms of growth and I think"}, {"start": "00:02:31", "end": "00:02:35", "text": "that is why we're going to continue to"}, {"start": "00:02:33", "end": "00:02:37", "text": "see Mastercard pushing in this"}, {"start": "00:02:35", "end": "00:02:40", "text": "direction. All of these are partnered"}, {"start": "00:02:37", "end": "00:02:42", "text": "with Visa right now. There's Red Dot 130"}, {"start": "00:02:40", "end": "00:02:43", "text": "million merchants. There's uh Sonic,"}, {"start": "00:02:42", "end": "00:02:46", "text": "which is powered by Red Dot"}, {"start": "00:02:43", "end": "00:02:48", "text": "infrastructure. There's EI cash or EI"}, {"start": "00:02:46", "end": "00:02:51", "text": "cash also Visa. You can kind of see the"}, {"start": "00:02:48", "end": "00:02:53", "text": "the network's already integrated into"}, {"start": "00:02:51", "end": "00:02:55", "text": "all of these crypto cards as we see them"}, {"start": "00:02:53", "end": "00:02:57", "text": "right now. And for many of you that have"}, {"start": "00:02:55", "end": "00:02:58", "text": "tried some of these crypto cards, you"}, {"start": "00:02:57", "end": "00:03:00", "text": "probably understand one thing, and that"}, {"start": "00:02:58", "end": "00:03:02", "text": "is that there is a KYC element into it."}, {"start": "00:03:00", "end": "00:03:04", "text": "So, it isn't necessarily a complete"}, {"start": "00:03:02", "end": "00:03:07", "text": "freedom component that many people"}, {"start": "00:03:04", "end": "00:03:08", "text": "thought we would see in crypto. Other"}, {"start": "00:03:07", "end": "00:03:11", "text": "things that are happening though that"}, {"start": "00:03:08", "end": "00:03:13", "text": "might go down the more open network"}, {"start": "00:03:11", "end": "00:03:15", "text": "route is what's going on with wallet"}, {"start": "00:03:13", "end": "00:03:17", "text": "connect. And if you look at what's"}, {"start": "00:03:15", "end": "00:03:19", "text": "happening here, Salana of course talking"}, {"start": "00:03:17", "end": "00:03:21", "text": "about this wallet pay or excuse me,"}, {"start": "00:03:19", "end": "00:03:24", "text": "wallet connect pay is now live on Salana"}, {"start": "00:03:21", "end": "00:03:26", "text": "and this is all QR code. If you'll"}, {"start": "00:03:24", "end": "00:03:27", "text": "notice there, I'll zoom in on that a"}, {"start": "00:03:26", "end": "00:03:30", "text": "little bit. That is a QR card. Even that"}, {"start": "00:03:27", "end": "00:03:32", "text": "that is Euro payments. This is starting"}, {"start": "00:03:30", "end": "00:03:35", "text": "to integrate into point of sale. Now"}, {"start": "00:03:32", "end": "00:03:38", "text": "point of sale has a little bit of a"}, {"start": "00:03:35", "end": "00:03:39", "text": "threshold or a moat that you have to get"}, {"start": "00:03:38", "end": "00:03:42", "text": "through to be able to get to the"}, {"start": "00:03:39", "end": "00:03:44", "text": "retailers. One of the key modes that are"}, {"start": "00:03:42", "end": "00:03:47", "text": "out there is a company called Inenico."}, {"start": "00:03:44", "end": "00:03:49", "text": "Well, Inenico now is launching a digital"}, {"start": "00:03:47", "end": "00:03:52", "text": "currency solution in partnership with"}, {"start": "00:03:49", "end": "00:03:54", "text": "guess who? Wallet Connect. This is a big"}, {"start": "00:03:52", "end": "00:03:57", "text": "deal because it starts to go into the"}, {"start": "00:03:54", "end": "00:03:59", "text": "very layer of where payments occur. And"}, {"start": "00:03:57", "end": "00:04:00", "text": "I'm talking about retail payments, not"}, {"start": "00:03:59", "end": "00:04:01", "text": "online payments. When you go out, you"}, {"start": "00:04:00", "end": "00:04:03", "text": "get coffee, you go to the restaurant,"}, {"start": "00:04:01", "end": "00:04:06", "text": "you go to a bar, you go wherever you're"}, {"start": "00:04:03", "end": "00:04:08", "text": "spending hard cards or cash, that is"}, {"start": "00:04:06", "end": "00:04:10", "text": "what you're going to look at in terms of"}, {"start": "00:04:08", "end": "00:04:11", "text": "growth. If you look at the hardware"}, {"start": "00:04:10", "end": "00:04:14", "text": "because all of these companies have to"}, {"start": "00:04:11", "end": "00:04:18", "text": "have hardware to process those. The key"}, {"start": "00:04:14", "end": "00:04:20", "text": "thing here is that Engico has 25% of US"}, {"start": "00:04:18", "end": "00:04:22", "text": "installations. Now the way this works,"}, {"start": "00:04:20", "end": "00:04:24", "text": "it's the payment layer that lives on top"}, {"start": "00:04:22", "end": "00:04:26", "text": "of these point of sale. That's what POS"}, {"start": "00:04:24", "end": "00:04:28", "text": "stands for, point of sale hardware. And"}, {"start": "00:04:26", "end": "00:04:30", "text": "there's a handful of companies that"}, {"start": "00:04:28", "end": "00:04:32", "text": "they're connected into. And then those"}, {"start": "00:04:30", "end": "00:04:35", "text": "companies, of course, have all these"}, {"start": "00:04:32", "end": "00:04:37", "text": "brands. Everything from a McDonald's to,"}, {"start": "00:04:35", "end": "00:04:39", "text": "you know, Outback Steakhouse, you name"}, {"start": "00:04:37", "end": "00:04:40", "text": "it. those companies are integrated in"}, {"start": "00:04:39", "end": "00:04:44", "text": "through these kind of things. So having"}, {"start": "00:04:40", "end": "00:04:47", "text": "a payment solution that connects to"}, {"start": "00:04:44", "end": "00:04:50", "text": "wallet connect that could circumvent the"}, {"start": "00:04:47", "end": "00:04:52", "text": "whole idea of transaction fees. This is"}, {"start": "00:04:50", "end": "00:04:54", "text": "for the merchant but eventually for you"}, {"start": "00:04:52", "end": "00:04:56", "text": "because it's going to lower cost. That"}, {"start": "00:04:54", "end": "00:04:58", "text": "of course is a huge potential"}, {"start": "00:04:56", "end": "00:05:01", "text": "opportunity here. So I want to go to the"}, {"start": "00:04:58", "end": "00:05:02", "text": "wallet connect CEO uh cuz she talks a"}, {"start": "00:05:01", "end": "00:05:05", "text": "little bit about how this could be a"}, {"start": "00:05:02", "end": "00:05:08", "text": "huge unlock. Take a look. For me, cards"}, {"start": "00:05:05", "end": "00:05:11", "text": "are a little bit transitionary. It"}, {"start": "00:05:08", "end": "00:05:14", "text": "doesn't necessarily solve the merchant"}, {"start": "00:05:11", "end": "00:05:16", "text": "side issue. For merchants, they get"}, {"start": "00:05:14", "end": "00:05:19", "text": "settled on the same timeline and they"}, {"start": "00:05:16", "end": "00:05:22", "text": "also pay the same card-based transaction"}, {"start": "00:05:19", "end": "00:05:24", "text": "fees that they do today. And this is why"}, {"start": "00:05:22", "end": "00:05:26", "text": "a lot of merchants are actually really"}, {"start": "00:05:24", "end": "00:05:29", "text": "interested in moving away from cards"}, {"start": "00:05:26", "end": "00:05:31", "text": "because everybody is searching for those"}, {"start": "00:05:29", "end": "00:05:33", "text": "few extra basis points on their on their"}, {"start": "00:05:31", "end": "00:05:36", "text": "payment flows. Again, this user"}, {"start": "00:05:33", "end": "00:05:38", "text": "experience has to be great. And in some"}, {"start": "00:05:36", "end": "00:05:40", "text": "places in the world, the QR code is a"}, {"start": "00:05:38", "end": "00:05:42", "text": "really familiar form factor. If you go"}, {"start": "00:05:40", "end": "00:05:44", "text": "to Southeast Asia, that's a predominant"}, {"start": "00:05:42", "end": "00:05:47", "text": "kind of payment interaction. Obviously,"}, {"start": "00:05:44", "end": "00:05:50", "text": "in the US, certainly here in in the EU,"}, {"start": "00:05:47", "end": "00:05:52", "text": "this like tap functionality is what"}, {"start": "00:05:50", "end": "00:05:54", "text": "everybody is used to. So, that's one of"}, {"start": "00:05:52", "end": "00:05:56", "text": "the reasons we've also been iterating."}, {"start": "00:05:54", "end": "00:05:59", "text": "And later this year, we'll start to roll"}, {"start": "00:05:56", "end": "00:06:00", "text": "out tap. So, that"}, {"start": "00:05:59", "end": "00:06:01", "text": ">> All right. So what Jess was talking"}, {"start": "00:06:00", "end": "00:06:03", "text": "about there was in reference to the roll"}, {"start": "00:06:01", "end": "00:06:06", "text": "out on tap to pay. That of course is a"}, {"start": "00:06:03", "end": "00:06:08", "text": "US and Euro kind of scenario in terms of"}, {"start": "00:06:06", "end": "00:06:10", "text": "behavior, retail behavior. One thing she"}, {"start": "00:06:08", "end": "00:06:13", "text": "did mention though I think is more"}, {"start": "00:06:10", "end": "00:06:16", "text": "important is that I think she maybe"}, {"start": "00:06:13", "end": "00:06:18", "text": "discounted the idea of the value because"}, {"start": "00:06:16", "end": "00:06:21", "text": "when you look at merchant services right"}, {"start": "00:06:18", "end": "00:06:24", "text": "now that Mastercard collects on every"}, {"start": "00:06:21", "end": "00:06:26", "text": "retail transaction online or in real"}, {"start": "00:06:24", "end": "00:06:28", "text": "life you could see fees ranging from you"}, {"start": "00:06:26", "end": "00:06:31", "text": "know the select fees around a buck uh or"}, {"start": "00:06:28", "end": "00:06:34", "text": "I should say 1.8%"}, {"start": "00:06:31", "end": "00:06:35", "text": "all the way up to almost 4%. That's for"}, {"start": "00:06:34", "end": "00:06:36", "text": "you know people that maybe don't do a"}, {"start": "00:06:35", "end": "00:06:39", "text": "lot of transactions. The point being is"}, {"start": "00:06:36", "end": "00:06:40", "text": "that those retailers take that on the"}, {"start": "00:06:39", "end": "00:06:42", "text": "front and they're doing it on almost"}, {"start": "00:06:40", "end": "00:06:45", "text": "every transaction today because cash is"}, {"start": "00:06:42", "end": "00:06:47", "text": "getting less and less being used. Now,"}, {"start": "00:06:45", "end": "00:06:49", "text": "what you've got is kind of a situation"}, {"start": "00:06:47", "end": "00:06:51", "text": "right now that is boiling into almost a"}, {"start": "00:06:49", "end": "00:06:53", "text": "two payment system because you've got"}, {"start": "00:06:51", "end": "00:06:55", "text": "debit card, credit cards, all of these"}, {"start": "00:06:53", "end": "00:06:56", "text": "are starting to cause a lot of trouble."}, {"start": "00:06:55", "end": "00:06:59", "text": "And I think for the retail side of"}, {"start": "00:06:56", "end": "00:07:01", "text": "things, if they get wind that we could"}, {"start": "00:06:59", "end": "00:07:03", "text": "see a reduction in fees, think about"}, {"start": "00:07:01", "end": "00:07:06", "text": "this. Most retailers doing anywhere"}, {"start": "00:07:03", "end": "00:07:08", "text": "between 300,000 and multi-millions a"}, {"start": "00:07:06", "end": "00:07:11", "text": "year that are mostly going through"}, {"start": "00:07:08", "end": "00:07:12", "text": "credit cards. That fee is cutting in to"}, {"start": "00:07:11", "end": "00:07:14", "text": "that very top. And it's a topline fee."}, {"start": "00:07:12", "end": "00:07:16", "text": "It's not like on profits or anything for"}, {"start": "00:07:14", "end": "00:07:19", "text": "many of these companies. This would be a"}, {"start": "00:07:16", "end": "00:07:22", "text": "huge differentiation in profit which"}, {"start": "00:07:19", "end": "00:07:23", "text": "means cutting prices to you. If you look"}, {"start": "00:07:22", "end": "00:07:25", "text": "at some of the things that they're"}, {"start": "00:07:23", "end": "00:07:28", "text": "exploring, wallet connect is exploring"}, {"start": "00:07:25", "end": "00:07:30", "text": "fees not for users but for apps that"}, {"start": "00:07:28", "end": "00:07:31", "text": "derive value from the network. So that"}, {"start": "00:07:30", "end": "00:07:33", "text": "would be a different angle on this. Fees"}, {"start": "00:07:31", "end": "00:07:36", "text": "are still very discovery phase. Right"}, {"start": "00:07:33", "end": "00:07:39", "text": "now it's zero. Fees are also paid in"}, {"start": "00:07:36", "end": "00:07:41", "text": "WCT. That's the token. This is going to"}, {"start": "00:07:39", "end": "00:07:44", "text": "be interesting to watch. How do they"}, {"start": "00:07:41", "end": "00:07:46", "text": "develop this down the road? If you look"}, {"start": "00:07:44", "end": "00:07:48", "text": "at their token cuz right now they're not"}, {"start": "00:07:46", "end": "00:07:50", "text": "going back into the token itself. I"}, {"start": "00:07:48", "end": "00:07:52", "text": "would look at this because this would be"}, {"start": "00:07:50", "end": "00:07:56", "text": "one that potentially if they ever"}, {"start": "00:07:52", "end": "00:07:58", "text": "started collecting fractions of fees."}, {"start": "00:07:56", "end": "00:08:00", "text": "You have to remember that this is multi-"}, {"start": "00:07:58", "end": "00:08:03", "text": "trillions of dollars in retail fees in"}, {"start": "00:08:00", "end": "00:08:05", "text": "re retail services. Hundreds and"}, {"start": "00:08:03", "end": "00:08:08", "text": "hundreds of billions of dollars just in"}, {"start": "00:08:05", "end": "00:08:10", "text": "fees that are going out there worldwide"}, {"start": "00:08:08", "end": "00:08:11", "text": "in terms of the retail sector. Imagine"}, {"start": "00:08:10", "end": "00:08:14", "text": "that into a token, especially if you're"}, {"start": "00:08:11", "end": "00:08:15", "text": "a token holder. Uh so that's a big one."}, {"start": "00:08:14", "end": "00:08:18", "text": "Here of course is Vitalic talking about"}, {"start": "00:08:15", "end": "00:08:19", "text": "this what I'd love to see in a wallet."}, {"start": "00:08:18", "end": "00:08:21", "text": "and he's talking about user experience"}, {"start": "00:08:19", "end": "00:08:23", "text": "and that really what he's talking about"}, {"start": "00:08:21", "end": "00:08:25", "text": "is that you could really just use"}, {"start": "00:08:23", "end": "00:08:27", "text": "wallets as the solution that wallet"}, {"start": "00:08:25", "end": "00:08:29", "text": "connect may not necessarily be needed."}, {"start": "00:08:27", "end": "00:08:30", "text": "If that is right, and I'll explain why I"}, {"start": "00:08:29", "end": "00:08:32", "text": "think that might not necessarily be the"}, {"start": "00:08:30", "end": "00:08:33", "text": "right way, but if it was right, then"}, {"start": "00:08:32", "end": "00:08:35", "text": "you're going to have companies like"}, {"start": "00:08:33", "end": "00:08:37", "text": "Phantom that are going to win, Tangums,"}, {"start": "00:08:35", "end": "00:08:39", "text": "the physical hardware wallets, all the"}, {"start": "00:08:37", "end": "00:08:42", "text": "software wallets that are out there are"}, {"start": "00:08:39", "end": "00:08:43", "text": "going to win, MetaMask, etc. And when"}, {"start": "00:08:42", "end": "00:08:46", "text": "you think about that, because remember,"}, {"start": "00:08:43", "end": "00:08:48", "text": "Phantom still only founded in 2021,"}, {"start": "00:08:46", "end": "00:08:51", "text": "guys. That's 4 years ago. Can you"}, {"start": "00:08:48", "end": "00:08:53", "text": "imagine that? Four years ago. Post money"}, {"start": "00:08:51", "end": "00:08:55", "text": "valuation sitting at around 3 billion."}, {"start": "00:08:53", "end": "00:08:57", "text": "That was as 2025. That's probably up, I"}, {"start": "00:08:55", "end": "00:08:59", "text": "would think, somewhere around 4 billion"}, {"start": "00:08:57", "end": "00:09:01", "text": "now, even though we're seeing a dip. And"}, {"start": "00:08:59", "end": "00:09:03", "text": "especially around wallets that make UX"}, {"start": "00:09:01", "end": "00:09:05", "text": "uh the main thing. And of course,"}, {"start": "00:09:03", "end": "00:09:06", "text": "Phantom, I think, does a good job with"}, {"start": "00:09:05", "end": "00:09:08", "text": "it. Uh but you're going to see others"}, {"start": "00:09:06", "end": "00:09:11", "text": "going into this. Here, of course, is"}, {"start": "00:09:08", "end": "00:09:13", "text": "consensus going into it right here. And"}, {"start": "00:09:11", "end": "00:09:16", "text": "this of course compares to what's been"}, {"start": "00:09:13", "end": "00:09:17", "text": "happening with their valuation almost 7"}, {"start": "00:09:16", "end": "00:09:19", "text": "billion right now. I don't know if you"}, {"start": "00:09:17", "end": "00:09:21", "text": "guys can see that there. But point being"}, {"start": "00:09:19", "end": "00:09:24", "text": "is that this opens up an investment"}, {"start": "00:09:21", "end": "00:09:26", "text": "layer for a lot of Wall Street types."}, {"start": "00:09:24", "end": "00:09:28", "text": "And one of the people that I think kind"}, {"start": "00:09:26", "end": "00:09:31", "text": "of looks at this is of course Kathy"}, {"start": "00:09:28", "end": "00:09:33", "text": "Wood. If you go to Arc Invest and on her"}, {"start": "00:09:31", "end": "00:09:36", "text": "layer you can kind of see her retail"}, {"start": "00:09:33", "end": "00:09:38", "text": "play but most of it has been kind of"}, {"start": "00:09:36", "end": "00:09:41", "text": "more on the retail side that is known."}, {"start": "00:09:38", "end": "00:09:43", "text": "Shopify is in there. block, you know,"}, {"start": "00:09:41", "end": "00:09:46", "text": "etc. Toast, of course, that's a point of"}, {"start": "00:09:43", "end": "00:09:49", "text": "sale system right there. Amazon, uh, I"}, {"start": "00:09:46", "end": "00:09:50", "text": "don't know. I think this may be"}, {"start": "00:09:49", "end": "00:09:52", "text": "something that they don't have exposure"}, {"start": "00:09:50", "end": "00:09:55", "text": "to just yet, especially if Wallet"}, {"start": "00:09:52", "end": "00:09:57", "text": "Connect is is, uh, good enough to get"}, {"start": "00:09:55", "end": "00:09:59", "text": "this done and does start to create some"}, {"start": "00:09:57", "end": "00:10:02", "text": "sort of revenue model. This will be a"}, {"start": "00:09:59", "end": "00:10:04", "text": "big one uh, to keep an eye on. Wallet"}, {"start": "00:10:02", "end": "00:10:06", "text": "Connect right now, a trillion in daily"}, {"start": "00:10:04", "end": "00:10:07", "text": "network volume. That's coming all"}, {"start": "00:10:06", "end": "00:10:09", "text": "because almost every wallet out there in"}, {"start": "00:10:07", "end": "00:10:12", "text": "terms of crypto wallet is using wallet"}, {"start": "00:10:09", "end": "00:10:15", "text": "connect. But the key here is 16 nodes"}, {"start": "00:10:12", "end": "00:10:17", "text": "right there. 16 nodes 188,000"}, {"start": "00:10:15", "end": "00:10:19", "text": "connections. This of course gets into a"}, {"start": "00:10:17", "end": "00:10:21", "text": "concern that I think has to be risen and"}, {"start": "00:10:19", "end": "00:10:24", "text": "that is that that network needs to"}, {"start": "00:10:21", "end": "00:10:26", "text": "expand. If that does expand and node"}, {"start": "00:10:24", "end": "00:10:28", "text": "operators are benefiting from this, then"}, {"start": "00:10:26", "end": "00:10:30", "text": "there's your solution of how this could"}, {"start": "00:10:28", "end": "00:10:33", "text": "really go head-to-head with something"}, {"start": "00:10:30", "end": "00:10:34", "text": "like a Mastercard or Visa. If you look"}, {"start": "00:10:33", "end": "00:10:36", "text": "at stable coins, because that's going to"}, {"start": "00:10:34", "end": "00:10:38", "text": "be the center of what's going to be"}, {"start": "00:10:36", "end": "00:10:42", "text": "utilized within all of these transaction"}, {"start": "00:10:38", "end": "00:10:44", "text": "layers, including retail. And as we see"}, {"start": "00:10:42", "end": "00:10:47", "text": "more of the Genius Act roll out and the"}, {"start": "00:10:44", "end": "00:10:49", "text": "potential of clarity getting in, then"}, {"start": "00:10:47", "end": "00:10:51", "text": "you're going to see an explosion on"}, {"start": "00:10:49", "end": "00:10:53", "text": "stable coin usage. Right now, it's"}, {"start": "00:10:51", "end": "00:10:57", "text": "sitting at about 297 billion, but"}, {"start": "00:10:53", "end": "00:10:59", "text": "overall 53 million monthly acts act"}, {"start": "00:10:57", "end": "00:11:02", "text": "active addresses. Imagine that's"}, {"start": "00:10:59", "end": "00:11:04", "text": "probably going to 10x. Holders most"}, {"start": "00:11:02", "end": "00:11:05", "text": "likely also going to 10x. And if you"}, {"start": "00:11:04", "end": "00:11:08", "text": "look at the winners right here, it is"}, {"start": "00:11:05", "end": "00:11:12", "text": "Salana and Ethereum right now. So if you"}, {"start": "00:11:08", "end": "00:11:15", "text": "just look at the winners by blockchain"}, {"start": "00:11:12", "end": "00:11:16", "text": "that will apply into this payments"}, {"start": "00:11:15", "end": "00:11:18", "text": "ecosystem,"}, {"start": "00:11:16", "end": "00:11:20", "text": "at least right now in the early stages,"}, {"start": "00:11:18", "end": "00:11:21", "text": "these two might be the ones to watch."}, {"start": "00:11:20", "end": "00:11:24", "text": "All right. So in conclusion here, guys,"}, {"start": "00:11:21", "end": "00:11:26", "text": "of what this news was really about, I"}, {"start": "00:11:24", "end": "00:11:28", "text": "think is more of a marketing thing. I"}, {"start": "00:11:26", "end": "00:11:30", "text": "don't think this has any bearing to"}, {"start": "00:11:28", "end": "00:11:32", "text": "Mastercard doing anything different."}, {"start": "00:11:30", "end": "00:11:35", "text": "They're just trying to figure out a way"}, {"start": "00:11:32", "end": "00:11:36", "text": "to continue to extract from the eco and"}, {"start": "00:11:35", "end": "00:11:39", "text": "I'm talking about the retail ecosystem"}, {"start": "00:11:36", "end": "00:11:41", "text": "out there until it's proven otherwise. I"}, {"start": "00:11:39", "end": "00:11:42", "text": "think this is just a nothing burger. I"}, {"start": "00:11:41", "end": "00:11:44", "text": "don't know if any of this is going to"}, {"start": "00:11:42", "end": "00:11:47", "text": "matter. What I do think though is the"}, {"start": "00:11:44", "end": "00:11:49", "text": "something burger is that payments are"}, {"start": "00:11:47", "end": "00:11:52", "text": "coming to crypto and they're coming"}, {"start": "00:11:49", "end": "00:11:52", "text": "fast."}, {"start": "00:11:56", "end": "00:12:00", "text": "If you like this video, hit like and"}, {"start": "00:11:58", "end": "00:12:03", "text": "subscribe. Drop a comment down below and"}, {"start": "00:12:00", "end": "00:12:06", "text": "also join our free private member group."}, {"start": "00:12:03", "end": "00:12:06", "text": "The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "SpaceX versus Clarity Day. We're going"}, {"start": "00:00:02", "end": "00:00:05", "text": "to break it down for you. A lot"}, {"start": "00:00:03", "end": "00:00:07", "text": "happening, not only with the SpaceX IPO,"}, {"start": "00:00:05", "end": "00:00:08", "text": "but how Clarity is going to be playing"}, {"start": "00:00:07", "end": "00:00:10", "text": "into all of this. Before we get started,"}, {"start": "00:00:08", "end": "00:00:12", "text": "I want to thank our sponsor, and that is"}, {"start": "00:00:10", "end": "00:00:15", "text": "IT Trust Capital, where you guys can get"}, {"start": "00:00:12", "end": "00:00:17", "text": "moving on getting into a crypto IRA"}, {"start": "00:00:15", "end": "00:00:19", "text": "because right now is the time you want"}, {"start": "00:00:17", "end": "00:00:21", "text": "to look at long-term diversifying"}, {"start": "00:00:19", "end": "00:00:24", "text": "assets. Whether you're in gold, silver,"}, {"start": "00:00:21", "end": "00:00:26", "text": "crypto, this is one of the best tools"}, {"start": "00:00:24", "end": "00:00:29", "text": "out there, and that is building an IRA."}, {"start": "00:00:26", "end": "00:00:32", "text": "It builds wealth for you in the future."}, {"start": "00:00:29", "end": "00:00:34", "text": "The idea here is get started. You can"}, {"start": "00:00:32", "end": "00:00:37", "text": "transfer an IRA in or you can start one"}, {"start": "00:00:34", "end": "00:00:38", "text": "brand new and get going. Let's get into"}, {"start": "00:00:37", "end": "00:00:40", "text": "a couple of tweets here today. I want to"}, {"start": "00:00:38", "end": "00:00:44", "text": "lead off with this one right here where"}, {"start": "00:00:40", "end": "00:00:46", "text": "200 crypto companies are now sending an"}, {"start": "00:00:44", "end": "00:00:48", "text": "emergency letter to the United States"}, {"start": "00:00:46", "end": "00:00:51", "text": "Senate demanding an immediate vote on"}, {"start": "00:00:48", "end": "00:00:54", "text": "the Clarity Act. So, pretty much every"}, {"start": "00:00:51", "end": "00:00:55", "text": "major company in the United States is"}, {"start": "00:00:54", "end": "00:00:58", "text": "pushing this. of course being propped up"}, {"start": "00:00:55", "end": "00:00:59", "text": "by the blockchain association and of"}, {"start": "00:00:58", "end": "00:01:01", "text": "course the digital chamber. You can kind"}, {"start": "00:00:59", "end": "00:01:03", "text": "of see all of the proponents right there"}, {"start": "00:01:01", "end": "00:01:05", "text": "stand with crypto crypto council for"}, {"start": "00:01:03", "end": "00:01:10", "text": "innovation. This is going of course over"}, {"start": "00:01:05", "end": "00:01:14", "text": "to John Thun's uh office and Mr. Schumer"}, {"start": "00:01:10", "end": "00:01:16", "text": "himself. So this is I think the line in"}, {"start": "00:01:14", "end": "00:01:18", "text": "the sand guys where the crypto industry"}, {"start": "00:01:16", "end": "00:01:20", "text": "is concerned that maybe there is"}, {"start": "00:01:18", "end": "00:01:22", "text": "something that is brewing in these"}, {"start": "00:01:20", "end": "00:01:24", "text": "negotiations that is not landing. I"}, {"start": "00:01:22", "end": "00:01:25", "text": "imagine this is going to be more on the"}, {"start": "00:01:24", "end": "00:01:27", "text": "epics ethics side of things. And"}, {"start": "00:01:25", "end": "00:01:29", "text": "speaking of that, the administration"}, {"start": "00:01:27", "end": "00:01:31", "text": "official now is going to host this law"}, {"start": "00:01:29", "end": "00:01:35", "text": "enforcement groups which are really"}, {"start": "00:01:31", "end": "00:01:37", "text": "talking about the idea that crypto if we"}, {"start": "00:01:35", "end": "00:01:39", "text": "don't get this under control in terms of"}, {"start": "00:01:37", "end": "00:01:42", "text": "a clarity, it becomes a national"}, {"start": "00:01:39", "end": "00:01:44", "text": "security issue and that that law"}, {"start": "00:01:42", "end": "00:01:47", "text": "enforcement is actually saying, \"Hey,"}, {"start": "00:01:44", "end": "00:01:49", "text": "actually this is good for tracking the"}, {"start": "00:01:47", "end": "00:01:51", "text": "bad guys.\" and the issue along with"}, {"start": "00:01:49", "end": "00:01:52", "text": "ethics remains one of the major sticking"}, {"start": "00:01:51", "end": "00:01:55", "text": "points that must be resolved before"}, {"start": "00:01:52", "end": "00:01:58", "text": "lawmakers can take this bill to the"}, {"start": "00:01:55", "end": "00:02:00", "text": "Senate. This would be an interesting"}, {"start": "00:01:58", "end": "00:02:03", "text": "situation right here because with ethics"}, {"start": "00:02:00", "end": "00:02:05", "text": "really I think being one of the lines in"}, {"start": "00:02:03", "end": "00:02:07", "text": "the sand that the Democrats are pushing"}, {"start": "00:02:05", "end": "00:02:10", "text": "against the fact that you now have law"}, {"start": "00:02:07", "end": "00:02:12", "text": "enforcement saying this is really a"}, {"start": "00:02:10", "end": "00:02:15", "text": "national security issue. It's also a a"}, {"start": "00:02:12", "end": "00:02:17", "text": "good way for us to catch bad guys."}, {"start": "00:02:15", "end": "00:02:20", "text": "I think if you have senators now voting"}, {"start": "00:02:17", "end": "00:02:22", "text": "against this or pushing back from it,"}, {"start": "00:02:20", "end": "00:02:25", "text": "it's as if they are pushing back on"}, {"start": "00:02:22", "end": "00:02:29", "text": "getting bad guys. So there's a lot that"}, {"start": "00:02:25", "end": "00:02:31", "text": "I think this coming out is a very unique"}, {"start": "00:02:29", "end": "00:02:33", "text": "timing because this of course is being"}, {"start": "00:02:31", "end": "00:02:35", "text": "pushed by the administration which is"}, {"start": "00:02:33", "end": "00:02:36", "text": "definitely not wanting to look at the uh"}, {"start": "00:02:35", "end": "00:02:38", "text": "ethics side of things. So they're using"}, {"start": "00:02:36", "end": "00:02:39", "text": "this as a good tactic. All right."}, {"start": "00:02:38", "end": "00:02:41", "text": "Another thing that's happening right"}, {"start": "00:02:39", "end": "00:02:42", "text": "now, the ways and means on the"}, {"start": "00:02:41", "end": "00:02:45", "text": "Republican side is rolling out six"}, {"start": "00:02:42", "end": "00:02:47", "text": "standalone bills. And this is all in"}, {"start": "00:02:45", "end": "00:02:50", "text": "reference to tax on crypto. It addresses"}, {"start": "00:02:47", "end": "00:02:52", "text": "donations, mining, staking, reporting"}, {"start": "00:02:50", "end": "00:02:54", "text": "requirements, tax treatment, parity,"}, {"start": "00:02:52", "end": "00:02:57", "text": "voluntary disclosure, and all of this is"}, {"start": "00:02:54", "end": "00:03:00", "text": "being applied uh existing anti-abuse"}, {"start": "00:02:57", "end": "00:03:02", "text": "rules for digital assets. So, this is"}, {"start": "00:03:00", "end": "00:03:03", "text": "getting going. This, I think, will be"}, {"start": "00:03:02", "end": "00:03:06", "text": "one of the major areas that we need to"}, {"start": "00:03:03", "end": "00:03:09", "text": "pay a close attention to as it starts to"}, {"start": "00:03:06", "end": "00:03:11", "text": "brew in DC. The interesting point I have"}, {"start": "00:03:09", "end": "00:03:13", "text": "is that we're seeing this right now"}, {"start": "00:03:11", "end": "00:03:15", "text": "without having clarity in play, which of"}, {"start": "00:03:13", "end": "00:03:17", "text": "course is going to affect a lot of"}, {"start": "00:03:15", "end": "00:03:21", "text": "investors uh around what we're dealing"}, {"start": "00:03:17", "end": "00:03:22", "text": "with here. This could be a big big um"}, {"start": "00:03:21", "end": "00:03:24", "text": "challenge I think for crypto in the"}, {"start": "00:03:22", "end": "00:03:27", "text": "future if we don't get clarity. Galaxy"}, {"start": "00:03:24", "end": "00:03:30", "text": "though, Galaxy Digital has now lowered"}, {"start": "00:03:27", "end": "00:03:33", "text": "their Clarity Act odds in terms of"}, {"start": "00:03:30", "end": "00:03:38", "text": "passing down to 60%. They were at a 75%."}, {"start": "00:03:33", "end": "00:03:39", "text": "This of course uh has been touted as one"}, {"start": "00:03:38", "end": "00:03:43", "text": "of the companies I think that had the"}, {"start": "00:03:39", "end": "00:03:46", "text": "most realistic probability and I don't"}, {"start": "00:03:43", "end": "00:03:49", "text": "know that I agreed that 75% was"}, {"start": "00:03:46", "end": "00:03:51", "text": "necessarily there even though there were"}, {"start": "00:03:49", "end": "00:03:52", "text": "times I think during this that it felt"}, {"start": "00:03:51", "end": "00:03:54", "text": "pretty solid that this was going to"}, {"start": "00:03:52", "end": "00:03:56", "text": "happen. This of course is now starting"}, {"start": "00:03:54", "end": "00:04:00", "text": "to slide down. So when you consider that"}, {"start": "00:03:56", "end": "00:04:03", "text": "the clarity potential of not passing and"}, {"start": "00:04:00", "end": "00:04:05", "text": "you have AI pretty much sucking up a lot"}, {"start": "00:04:03", "end": "00:04:07", "text": "of what we're seeing in terms of"}, {"start": "00:04:05", "end": "00:04:09", "text": "liquidity escape right now. I want to"}, {"start": "00:04:07", "end": "00:04:11", "text": "play a clip for you. This is Bitwise"}, {"start": "00:04:09", "end": "00:04:14", "text": "talking about that. Take a look."}, {"start": "00:04:11", "end": "00:04:16", "text": ">> And right now they're all focused on AI."}, {"start": "00:04:14", "end": "00:04:20", "text": "And I that makes sense, right? The AI"}, {"start": "00:04:16", "end": "00:04:22", "text": "trade is ripping. If you turn on CNBC or"}, {"start": "00:04:20", "end": "00:04:24", "text": "Fox Business News or any mainstream"}, {"start": "00:04:22", "end": "00:04:26", "text": "media uh financial media outlet, all"}, {"start": "00:04:24", "end": "00:04:29", "text": "they're talking about is how long could"}, {"start": "00:04:26", "end": "00:04:32", "text": "this AI rally last or some AI stock is"}, {"start": "00:04:29", "end": "00:04:33", "text": "up 30% on the day, which typically"}, {"start": "00:04:32", "end": "00:04:36", "text": "doesn't happen in in equities with"}, {"start": "00:04:33", "end": "00:04:37", "text": "bigname stocks, right? That's a crypto"}, {"start": "00:04:36", "end": "00:04:38", "text": "thing. And so when you financial"}, {"start": "00:04:37", "end": "00:04:41", "text": "advisors are seeing that and their"}, {"start": "00:04:38", "end": "00:04:43", "text": "clients are asking, hey, do we have"}, {"start": "00:04:41", "end": "00:04:45", "text": "exposure to this AI trend? It's easier"}, {"start": "00:04:43", "end": "00:04:46", "text": "for them to say, look, we're not talking"}, {"start": "00:04:45", "end": "00:04:48", "text": "about crypto right now. we're not"}, {"start": "00:04:46", "end": "00:04:49", "text": "thinking about crypto right now. I'm"}, {"start": "00:04:48", "end": "00:04:51", "text": "focused on this and it's a more"}, {"start": "00:04:49", "end": "00:04:52", "text": "difficult decision for them to make to"}, {"start": "00:04:51", "end": "00:04:54", "text": "allocate to crypto. When you have"}, {"start": "00:04:52", "end": "00:04:56", "text": "uncertainty around price action, when"}, {"start": "00:04:54", "end": "00:04:58", "text": "you see things like Bitcoin ETF"}, {"start": "00:04:56", "end": "00:05:00", "text": "outflows, when you're not sure if the"}, {"start": "00:04:58", "end": "00:05:02", "text": "Clarity Act is going to pass or not in"}, {"start": "00:05:00", "end": "00:05:04", "text": "the next two months, it's easier just to"}, {"start": "00:05:02", "end": "00:05:06", "text": "sit on the sideline and allocate to"}, {"start": "00:05:04", "end": "00:05:08", "text": "something like the AI trade or the Q's"}, {"start": "00:05:06", "end": "00:05:09", "text": "or something uh you know that's index"}, {"start": "00:05:08", "end": "00:05:10", "text": "based that gives you that kind of"}, {"start": "00:05:09", "end": "00:05:12", "text": "exposure. So, I do think it's sucking"}, {"start": "00:05:10", "end": "00:05:15", "text": "the air out of the room. You also have"}, {"start": "00:05:12", "end": "00:05:17", "text": "the SpaceX IPO, Anthropic, Open AI. All"}, {"start": "00:05:15", "end": "00:05:19", "text": "of these things are top of mind for"}, {"start": "00:05:17", "end": "00:05:21", "text": "investors. Crypto is not top of mind for"}, {"start": "00:05:19", "end": "00:05:22", "text": "most investors right now. And I think"}, {"start": "00:05:21", "end": "00:05:24", "text": "you're seeing that reflected in the"}, {"start": "00:05:22", "end": "00:05:26", "text": "level of demand we're seeing from most"}, {"start": "00:05:24", "end": "00:05:29", "text": "traditional investors."}, {"start": "00:05:26", "end": "00:05:31", "text": ">> Yeah. And demand is falling dramatically"}, {"start": "00:05:29", "end": "00:05:34", "text": "across exchanges. We're seeing the"}, {"start": "00:05:31", "end": "00:05:36", "text": "wipeout now across stocks, metals, and"}, {"start": "00:05:34", "end": "00:05:39", "text": "crypto. 1.8 trillion wiped out in the"}, {"start": "00:05:36", "end": "00:05:42", "text": "last hour. Uh and you also have the S&P"}, {"start": "00:05:39", "end": "00:05:44", "text": "down uh 1.62. So what you're seeing is"}, {"start": "00:05:42", "end": "00:05:46", "text": "some of the profits being taken out of"}, {"start": "00:05:44", "end": "00:05:49", "text": "stocks that they may have traded over"}, {"start": "00:05:46", "end": "00:05:51", "text": "the last year and they're going into"}, {"start": "00:05:49", "end": "00:05:53", "text": "basically dry powder. Looking at an"}, {"start": "00:05:51", "end": "00:05:57", "text": "opportunity here for some of the upswing"}, {"start": "00:05:53", "end": "00:05:59", "text": "that either SpaceX, Anthropic, Open AI"}, {"start": "00:05:57", "end": "00:06:01", "text": "are all going to generate and that will"}, {"start": "00:05:59", "end": "00:06:02", "text": "most likely include a lot of other"}, {"start": "00:06:01", "end": "00:06:06", "text": "companies that kind of come with that."}, {"start": "00:06:02", "end": "00:06:08", "text": "So NASDAQ down 2.5, gold is down at"}, {"start": "00:06:06", "end": "00:06:10", "text": "almost 2%, silver down almost six,"}, {"start": "00:06:08", "end": "00:06:13", "text": "Russell 2000 down 2%. That's a"}, {"start": "00:06:10", "end": "00:06:15", "text": "significant amount on the Russell 2000."}, {"start": "00:06:13", "end": "00:06:17", "text": "And then Bitcoin of course down two uh"}, {"start": "00:06:15", "end": "00:06:19", "text": "right there at 28 billion. So you look"}, {"start": "00:06:17", "end": "00:06:21", "text": "at fear and greed right now. It is"}, {"start": "00:06:19", "end": "00:06:23", "text": "definitely in the fear zone and this is"}, {"start": "00:06:21", "end": "00:06:25", "text": "on traditional assets and this concerns"}, {"start": "00:06:23", "end": "00:06:28", "text": "me a little bit because this will get"}, {"start": "00:06:25", "end": "00:06:30", "text": "into a very volatile"}, {"start": "00:06:28", "end": "00:06:33", "text": "scenario that will play out through the"}, {"start": "00:06:30", "end": "00:06:35", "text": "end of this week. So, mark my words. I"}, {"start": "00:06:33", "end": "00:06:37", "text": "think we're in for a bit of a rough uh"}, {"start": "00:06:35", "end": "00:06:38", "text": "tumble here uh going into this. And"}, {"start": "00:06:37", "end": "00:06:41", "text": "there's other things that are happening"}, {"start": "00:06:38", "end": "00:06:43", "text": "right now. Uh Claude is launching Mythos"}, {"start": "00:06:41", "end": "00:06:45", "text": "that will most likely cause something."}, {"start": "00:06:43", "end": "00:06:47", "text": "We're going to drop a video on that. Uh"}, {"start": "00:06:45", "end": "00:06:50", "text": "but also, you've got to concern yourself"}, {"start": "00:06:47", "end": "00:06:52", "text": "of what the trajectory is for the alpha"}, {"start": "00:06:50", "end": "00:06:54", "text": "asset in the class, and of course, that"}, {"start": "00:06:52", "end": "00:06:56", "text": "is Bitcoin. Take a look at this."}, {"start": "00:06:54", "end": "00:06:59", "text": ">> I think where we are is sort of classic"}, {"start": "00:06:56", "end": "00:07:01", "text": "midcycle. So, you know, halfway through"}, {"start": "00:06:59", "end": "00:07:05", "text": "the the bare market year, which arguably"}, {"start": "00:07:01", "end": "00:07:07", "text": "started uh in October of 2025, I think,"}, {"start": "00:07:05", "end": "00:07:09", "text": "you know, we hear things like headlines"}, {"start": "00:07:07", "end": "00:07:11", "text": "about about Michael Sailor, you know,"}, {"start": "00:07:09", "end": "00:07:14", "text": "selling his Bitcoin and that concerns"}, {"start": "00:07:11", "end": "00:07:15", "text": "the market, but actually what's"}, {"start": "00:07:14", "end": "00:07:16", "text": "happening is we're in a structural bare"}, {"start": "00:07:15", "end": "00:07:18", "text": "market."}, {"start": "00:07:16", "end": "00:07:21", "text": ">> So, what tells you this is a cycle and"}, {"start": "00:07:18", "end": "00:07:24", "text": "not something structurally worse."}, {"start": "00:07:21", "end": "00:07:27", "text": "If we come to the end of 2026 and we're"}, {"start": "00:07:24", "end": "00:07:29", "text": "not seeing some improvement in Bitcoin's"}, {"start": "00:07:27", "end": "00:07:31", "text": "price and you know momentum really"}, {"start": "00:07:29", "end": "00:07:34", "text": "gaining so that we're heading back to"}, {"start": "00:07:31", "end": "00:07:36", "text": "the all-time high of 126k and sort of"}, {"start": "00:07:34", "end": "00:07:39", "text": "looking everyone starts talking about"}, {"start": "00:07:36", "end": "00:07:42", "text": "moving to 200k then I think we can be"}, {"start": "00:07:39", "end": "00:07:44", "text": "concerned because to this point these"}, {"start": "00:07:42", "end": "00:07:46", "text": "Bitcoin cycles have really worked like"}, {"start": "00:07:44", "end": "00:07:47", "text": "clockwork."}, {"start": "00:07:46", "end": "00:07:49", "text": ">> All right so there you have it. I mean,"}, {"start": "00:07:47", "end": "00:07:52", "text": "some analysts kind of pointing at this."}, {"start": "00:07:49", "end": "00:07:55", "text": "Uh, I was kind of perplexed on her"}, {"start": "00:07:52", "end": "00:07:58", "text": "analysis there that we should be at the"}, {"start": "00:07:55", "end": "00:08:00", "text": "all-time high heading toward 200K. I"}, {"start": "00:07:58", "end": "00:08:02", "text": "don't know that that is in the cards"}, {"start": "00:08:00", "end": "00:08:04", "text": "with everything from a macro side of"}, {"start": "00:08:02", "end": "00:08:06", "text": "things. Remember guys, we still have a"}, {"start": "00:08:04", "end": "00:08:08", "text": "very hot economy. This is going to put"}, {"start": "00:08:06", "end": "00:08:10", "text": "pressure on the Fed. You also have"}, {"start": "00:08:08", "end": "00:08:12", "text": "what's going on in Iran which is a"}, {"start": "00:08:10", "end": "00:08:14", "text": "delayed going to be a delayed reaction"}, {"start": "00:08:12", "end": "00:08:16", "text": "on the supply chain side especially"}, {"start": "00:08:14", "end": "00:08:19", "text": "around energy that I think is still"}, {"start": "00:08:16", "end": "00:08:21", "text": "flowing out and then you have AI and"}, {"start": "00:08:19", "end": "00:08:22", "text": "some companies are doing it right some"}, {"start": "00:08:21", "end": "00:08:25", "text": "companies are absolutely falling on"}, {"start": "00:08:22", "end": "00:08:27", "text": "their face which I think also represents"}, {"start": "00:08:25", "end": "00:08:30", "text": "a certain amount of problems in the"}, {"start": "00:08:27", "end": "00:08:32", "text": "market as well here is Apple which fall"}, {"start": "00:08:30", "end": "00:08:35", "text": "fell almost 5% after unveiling its"}, {"start": "00:08:32", "end": "00:08:36", "text": "biggest AI update so far which is"}, {"start": "00:08:35", "end": "00:08:38", "text": "essentially is Gemini it's been in there"}, {"start": "00:08:36", "end": "00:08:40", "text": "for quite some time if you guys have"}, {"start": "00:08:38", "end": "00:08:42", "text": "asked Siri anything."}, {"start": "00:08:40", "end": "00:08:44", "text": "Maybe I don't want to say that because"}, {"start": "00:08:42", "end": "00:08:47", "text": "Siri's probably listening now, but the"}, {"start": "00:08:44", "end": "00:08:49", "text": "point being is that it defaults over. Do"}, {"start": "00:08:47", "end": "00:08:52", "text": "you want to hear that uh coming from"}, {"start": "00:08:49", "end": "00:08:54", "text": "Gemini? Uh and I think now you're going"}, {"start": "00:08:52", "end": "00:08:56", "text": "to see a lot more of this. The problem"}, {"start": "00:08:54", "end": "00:08:59", "text": "is is that these bolt-on tactics from"}, {"start": "00:08:56", "end": "00:09:00", "text": "Apple, man, Steve Jobs is probably just"}, {"start": "00:08:59", "end": "00:09:03", "text": "rolling over on this one. I just don't"}, {"start": "00:09:00", "end": "00:09:05", "text": "understand it. 230 billion wiped out off"}, {"start": "00:09:03", "end": "00:09:07", "text": "of its market cap. This is not good for"}, {"start": "00:09:05", "end": "00:09:10", "text": "Apple investors because it doesn't show"}, {"start": "00:09:07", "end": "00:09:14", "text": "a roadmap going forward. It shows them"}, {"start": "00:09:10", "end": "00:09:18", "text": "as a bolt-on in the biggest technology"}, {"start": "00:09:14", "end": "00:09:20", "text": "frontier that has ever been created. I"}, {"start": "00:09:18", "end": "00:09:23", "text": "think this is a major mistake for Apple."}, {"start": "00:09:20", "end": "00:09:25", "text": "SpaceX preps"}, {"start": "00:09:23", "end": "00:09:26", "text": "now are surging across crypto uh"}, {"start": "00:09:25", "end": "00:09:29", "text": "exchanges and you see this right here on"}, {"start": "00:09:26", "end": "00:09:32", "text": "SPX. Futures now at 525 million in the"}, {"start": "00:09:29", "end": "00:09:33", "text": "last 24. Continuing to grow. Right now,"}, {"start": "00:09:32", "end": "00:09:37", "text": "Binance currently accounts for the"}, {"start": "00:09:33", "end": "00:09:40", "text": "largest share around 287 million in the"}, {"start": "00:09:37", "end": "00:09:42", "text": "24-hour volume uh and about 124 million"}, {"start": "00:09:40", "end": "00:09:44", "text": "in open interest. So, big growth here."}, {"start": "00:09:42", "end": "00:09:49", "text": "This only shows me that there is an"}, {"start": "00:09:44", "end": "00:09:52", "text": "appetite for SpaceX at least on the DGEN"}, {"start": "00:09:49", "end": "00:09:53", "text": "side of it when you look at per pers."}, {"start": "00:09:52", "end": "00:09:56", "text": "And I think the real question is is will"}, {"start": "00:09:53", "end": "00:09:57", "text": "there be an a appetite on the retail"}, {"start": "00:09:56", "end": "00:09:59", "text": "side of it? people who are not"}, {"start": "00:09:57", "end": "00:10:00", "text": "necessarily looking at short-term games,"}, {"start": "00:09:59", "end": "00:10:03", "text": "maybe they're looking at this more"}, {"start": "00:10:00", "end": "00:10:06", "text": "long-term uh playing into, of course,"}, {"start": "00:10:03", "end": "00:10:08", "text": "this IPO getting ready to hit. Tom Lee"}, {"start": "00:10:06", "end": "00:10:10", "text": "has a different opinion about this and"}, {"start": "00:10:08", "end": "00:10:12", "text": "there I think there's a reason why. I'll"}, {"start": "00:10:10", "end": "00:10:15", "text": "reveal it in a second, but take a look"}, {"start": "00:10:12", "end": "00:10:18", "text": "at this clip. there is going to be uh a"}, {"start": "00:10:15", "end": "00:10:21", "text": "lot of tension in markets until June"}, {"start": "00:10:18", "end": "00:10:23", "text": "12th because I'd say there's a very"}, {"start": "00:10:21", "end": "00:10:26", "text": "large camp of our institutional investor"}, {"start": "00:10:23", "end": "00:10:30", "text": "clients that would say SpaceX is going"}, {"start": "00:10:26", "end": "00:10:32", "text": "to be the market top. Um so they're"}, {"start": "00:10:30", "end": "00:10:34", "text": "anticipating the markets to wobble. So"}, {"start": "00:10:32", "end": "00:10:39", "text": "what they're going to do is take profits"}, {"start": "00:10:34", "end": "00:10:41", "text": "and be cautious onto that date. But um"}, {"start": "00:10:39", "end": "00:10:44", "text": "I'd say that history shows that the"}, {"start": "00:10:41", "end": "00:10:46", "text": "SpaceX IPO should not actually mark the"}, {"start": "00:10:44", "end": "00:10:49", "text": "market top. It's it's actually where a"}, {"start": "00:10:46", "end": "00:10:51", "text": "big IPO marks a top. So to us, I think"}, {"start": "00:10:49", "end": "00:10:53", "text": "it's actually misplaced concerns."}, {"start": "00:10:51", "end": "00:10:55", "text": "There's still 7 trillion of cash on the"}, {"start": "00:10:53", "end": "00:10:57", "text": "sidelines and we already know the book's"}, {"start": "00:10:55", "end": "00:11:00", "text": "been filled. High net worth clients have"}, {"start": "00:10:57", "end": "00:11:02", "text": "a lot of cash available to buy this IPO."}, {"start": "00:11:00", "end": "00:11:04", "text": "So I think the market's going to not"}, {"start": "00:11:02", "end": "00:11:06", "text": "only absorb this IPO really well, but I"}, {"start": "00:11:04", "end": "00:11:08", "text": "think the market's going to do well post"}, {"start": "00:11:06", "end": "00:11:10", "text": "IPO. If you only had a fixed amount of"}, {"start": "00:11:08", "end": "00:11:12", "text": "money, Tom, would you in invest in these"}, {"start": "00:11:10", "end": "00:11:15", "text": "IPOs?"}, {"start": "00:11:12", "end": "00:11:19", "text": ">> These are uh some of the most important"}, {"start": "00:11:15", "end": "00:11:21", "text": "companies led by what they call N of one"}, {"start": "00:11:19", "end": "00:11:22", "text": "people. I mean, I don't know if there"}, {"start": "00:11:21", "end": "00:11:25", "text": "will be another Elon Musk in our"}, {"start": "00:11:22", "end": "00:11:28", "text": "generation. So for investors who have"}, {"start": "00:11:25", "end": "00:11:30", "text": "not owned Tesla, uh this is a chance for"}, {"start": "00:11:28", "end": "00:11:33", "text": "them to have exposure to Elon Musk and"}, {"start": "00:11:30", "end": "00:11:36", "text": "all of what he's envisioned. And again,"}, {"start": "00:11:33", "end": "00:11:38", "text": "the addressable market for AI and"}, {"start": "00:11:36", "end": "00:11:41", "text": "especially data center as you move into"}, {"start": "00:11:38", "end": "00:11:43", "text": "space is actually sizable."}, {"start": "00:11:41", "end": "00:11:46", "text": "So, you've got Tom kind of looking at"}, {"start": "00:11:43", "end": "00:11:49", "text": "that. And remember that Tom Lee has a"}, {"start": "00:11:46", "end": "00:11:52", "text": "huge dog in the race in Ethereum. So,"}, {"start": "00:11:49", "end": "00:11:54", "text": "this does affect the crypto market if"}, {"start": "00:11:52", "end": "00:11:56", "text": "you see liquidity starting to pour into"}, {"start": "00:11:54", "end": "00:11:58", "text": "what this is doing right now with the"}, {"start": "00:11:56", "end": "00:12:01", "text": "SpaceX IPO. The real question will be"}, {"start": "00:11:58", "end": "00:12:03", "text": "how can it hold? and if it can hold and"}, {"start": "00:12:01", "end": "00:12:05", "text": "we're talking about SpaceX IPO along"}, {"start": "00:12:03", "end": "00:12:08", "text": "with what will eventually be the"}, {"start": "00:12:05", "end": "00:12:10", "text": "anthropic IPO and then what will come"}, {"start": "00:12:08", "end": "00:12:13", "text": "next is the open AI confidentially"}, {"start": "00:12:10", "end": "00:12:15", "text": "filing for an IPO. So you've got all of"}, {"start": "00:12:13", "end": "00:12:17", "text": "these playing into this. Some are AI"}, {"start": "00:12:15", "end": "00:12:19", "text": "play some of course like Tom is talking"}, {"start": "00:12:17", "end": "00:12:20", "text": "about is a space play but really it's an"}, {"start": "00:12:19", "end": "00:12:22", "text": "AI play because we're talking about data"}, {"start": "00:12:20", "end": "00:12:24", "text": "centers. uh that is going to be one of"}, {"start": "00:12:22", "end": "00:12:28", "text": "the biggest areas for SpaceX at least in"}, {"start": "00:12:24", "end": "00:12:31", "text": "the front uh emerging section of space"}, {"start": "00:12:28", "end": "00:12:32", "text": "because next up will be commerce and"}, {"start": "00:12:31", "end": "00:12:34", "text": "shipping and all sorts of growth because"}, {"start": "00:12:32", "end": "00:12:36", "text": "all the companies that will want to grow"}, {"start": "00:12:34", "end": "00:12:39", "text": "into that are essentially going to have"}, {"start": "00:12:36", "end": "00:12:41", "text": "to use uh SpaceX. All right, so Joe"}, {"start": "00:12:39", "end": "00:12:43", "text": "Londale uh from Palunteer kind of broke"}, {"start": "00:12:41", "end": "00:12:46", "text": "down something that I think is"}, {"start": "00:12:43", "end": "00:12:49", "text": "interesting and what he's angling in on"}, {"start": "00:12:46", "end": "00:12:51", "text": "is what is the value and the dependency"}, {"start": "00:12:49", "end": "00:12:53", "text": "in the market on this. take a look"}, {"start": "00:12:51", "end": "00:12:55", "text": ">> that we're going to see like a massive"}, {"start": "00:12:53", "end": "00:12:56", "text": "pop out of the gate."}, {"start": "00:12:55", "end": "00:12:58", "text": ">> Oh gosh."}, {"start": "00:12:56", "end": "00:13:00", "text": ">> The reason I'm asking is it feels like"}, {"start": "00:12:58", "end": "00:13:03", "text": "so many of the other IPOs that could"}, {"start": "00:13:00", "end": "00:13:06", "text": "come this fall or even later this summer"}, {"start": "00:13:03", "end": "00:13:08", "text": "are so dependent on whatever happens in"}, {"start": "00:13:06", "end": "00:13:10", "text": "the immediate aftermath of this. No,"}, {"start": "00:13:08", "end": "00:13:12", "text": ">> you know, it's it's interesting. There"}, {"start": "00:13:10", "end": "00:13:14", "text": "probably is some effect where crypto"}, {"start": "00:13:12", "end": "00:13:16", "text": "probably uh some of the liquidity"}, {"start": "00:13:14", "end": "00:13:17", "text": "probably is going into into SpaceX and"}, {"start": "00:13:16", "end": "00:13:20", "text": "Enthropic and all these other things"}, {"start": "00:13:17", "end": "00:13:23", "text": "coming up. you if you could buy SpaceX,"}, {"start": "00:13:20", "end": "00:13:24", "text": "Anthropic or Open AAI, which would you"}, {"start": "00:13:23", "end": "00:13:26", "text": "buy?"}, {"start": "00:13:24", "end": "00:13:27", "text": ">> I I have bought SpaceX and Anthropic"}, {"start": "00:13:26", "end": "00:13:28", "text": "actually. I'll tell you that. I think I"}, {"start": "00:13:27", "end": "00:13:32", "text": "think those are the two strongest right"}, {"start": "00:13:28", "end": "00:13:34", "text": "now uh by far. And you know, listen,"}, {"start": "00:13:32", "end": "00:13:36", "text": "we're rooting for OpenAI not to not to"}, {"start": "00:13:34", "end": "00:13:36", "text": "implode. So, I hopefully it stays"}, {"start": "00:13:36", "end": "00:13:38", "text": "strong, too."}, {"start": "00:13:36", "end": "00:13:38", "text": ">> Well, do you have fear it's going to"}, {"start": "00:13:38", "end": "00:13:40", "text": "implode?"}, {"start": "00:13:38", "end": "00:13:41", "text": ">> I don't want to spread fears. I I think"}, {"start": "00:13:40", "end": "00:13:44", "text": "that this the other two in the strongest"}, {"start": "00:13:41", "end": "00:13:46", "text": "position by far, OpenAI was probably"}, {"start": "00:13:44", "end": "00:13:47", "text": "doing too much and lost some talent, but"}, {"start": "00:13:46", "end": "00:13:49", "text": "it's still a very impressive company."}, {"start": "00:13:47", "end": "00:13:50", "text": "You know, I think Enthropics clearly has"}, {"start": "00:13:49", "end": "00:13:52", "text": "the momentum behind it and is the"}, {"start": "00:13:50", "end": "00:13:54", "text": "strongest because I think the"}, {"start": "00:13:52", "end": "00:13:56", "text": "infrastructure SpaceX represents is just"}, {"start": "00:13:54", "end": "00:13:57", "text": "betting on Elon is obviously the thing"}, {"start": "00:13:56", "end": "00:13:59", "text": "to do. So, I think I think those are the"}, {"start": "00:13:57", "end": "00:14:01", "text": "strongest companies by far."}, {"start": "00:13:59", "end": "00:14:03", "text": ">> Lzdale also went on to say that some of"}, {"start": "00:14:01", "end": "00:14:05", "text": "the selloff that is coming out of crypto"}, {"start": "00:14:03", "end": "00:14:08", "text": "that is of course aligning with"}, {"start": "00:14:05", "end": "00:14:09", "text": "liquidity. But back to Tom Lee's uh clip"}, {"start": "00:14:08", "end": "00:14:11", "text": "there, 7 trillion sitting on the"}, {"start": "00:14:09", "end": "00:14:13", "text": "sidelines. This of course high net worth"}, {"start": "00:14:11", "end": "00:14:16", "text": "individuals. The question is how will"}, {"start": "00:14:13", "end": "00:14:19", "text": "people play this? because to me this is"}, {"start": "00:14:16", "end": "00:14:21", "text": "like a bet and and of course SpaceX"}, {"start": "00:14:19", "end": "00:14:23", "text": "being the first one anthropic I would"}, {"start": "00:14:21", "end": "00:14:25", "text": "agree with Lndale there is that those"}, {"start": "00:14:23", "end": "00:14:28", "text": "are probably the two to watch the most"}, {"start": "00:14:25", "end": "00:14:29", "text": "in terms of the most to gain. Uh whether"}, {"start": "00:14:28", "end": "00:14:31", "text": "or not we see a super cycle or a"}, {"start": "00:14:29", "end": "00:14:33", "text": "continuation of this uh run right now"}, {"start": "00:14:31", "end": "00:14:35", "text": "which many people are concerned this"}, {"start": "00:14:33", "end": "00:14:37", "text": "might be the top is still up in the air."}, {"start": "00:14:35", "end": "00:14:40", "text": "If you compare this, look at this number"}, {"start": "00:14:37", "end": "00:14:43", "text": "right here. The SpaceX IPOs on Thursday,"}, {"start": "00:14:40", "end": "00:14:44", "text": "1.75 trillion. The entire global"}, {"start": "00:14:43", "end": "00:14:47", "text": "aerospace and defense industry is"}, {"start": "00:14:44", "end": "00:14:48", "text": "sitting at the same. Look at that. I"}, {"start": "00:14:47", "end": "00:14:50", "text": "mean, there's some big companies in"}, {"start": "00:14:48", "end": "00:14:52", "text": "there. I'll kind of zoom on those."}, {"start": "00:14:50", "end": "00:14:54", "text": "You've got Honeywell, Rolls-Royce in"}, {"start": "00:14:52", "end": "00:14:57", "text": "there, Airbus, Boeing, RTX, GE"}, {"start": "00:14:54", "end": "00:15:00", "text": "Aerospace. Those are all lined up"}, {"start": "00:14:57", "end": "00:15:03", "text": "against one company. That's why it is so"}, {"start": "00:15:00", "end": "00:15:04", "text": "important to the entire stock market"}, {"start": "00:15:03", "end": "00:15:06", "text": "because these are the kind of things"}, {"start": "00:15:04", "end": "00:15:08", "text": "that are of course changing the game and"}, {"start": "00:15:06", "end": "00:15:12", "text": "we're dealing with one of the biggest"}, {"start": "00:15:08", "end": "00:15:13", "text": "category shifts in our lifetime which uh"}, {"start": "00:15:12", "end": "00:15:16", "text": "was kind of referenced there in that"}, {"start": "00:15:13", "end": "00:15:18", "text": "clip and that of course is AI. Other"}, {"start": "00:15:16", "end": "00:15:20", "text": "things that are happening is the"}, {"start": "00:15:18", "end": "00:15:22", "text": "performance gap with tech stocks now at"}, {"start": "00:15:20", "end": "00:15:26", "text": "historic levels. Top 20% of US tech tech"}, {"start": "00:15:22", "end": "00:15:28", "text": "stocks outperform the bottom 20 by 120%."}, {"start": "00:15:26", "end": "00:15:31", "text": "So, it's really getting into uh an"}, {"start": "00:15:28", "end": "00:15:33", "text": "interesting point here. And the"}, {"start": "00:15:31", "end": "00:15:37", "text": "comparison they use here is that this"}, {"start": "00:15:33", "end": "00:15:40", "text": "difference peaked at 135%"}, {"start": "00:15:37", "end": "00:15:42", "text": "uh percentage points during the 2000"}, {"start": "00:15:40", "end": "00:15:44", "text": "bubble. Now, of course, you're dealing"}, {"start": "00:15:42", "end": "00:15:47", "text": "with uh this spread which is quadrup"}, {"start": "00:15:44", "end": "00:15:48", "text": "quadrupled over the last year. So, I"}, {"start": "00:15:47", "end": "00:15:51", "text": "don't know. This is all outpacing. And"}, {"start": "00:15:48", "end": "00:15:53", "text": "granted, it's different than I know it's"}, {"start": "00:15:51", "end": "00:15:55", "text": "different than the dot bubble. Those"}, {"start": "00:15:53", "end": "00:15:57", "text": "were a lot of blue sky numbers. there"}, {"start": "00:15:55", "end": "00:15:59", "text": "was no real revenues uh with those"}, {"start": "00:15:57", "end": "00:16:01", "text": "companies. Most of them were going"}, {"start": "00:15:59", "end": "00:16:03", "text": "public without revenue at all. I mean,"}, {"start": "00:16:01", "end": "00:16:05", "text": "so this is a big difference at least on"}, {"start": "00:16:03", "end": "00:16:08", "text": "some of the companies that uh rise to"}, {"start": "00:16:05", "end": "00:16:12", "text": "the top of this category, which is uh"}, {"start": "00:16:08", "end": "00:16:16", "text": "the top 20%. Elon is 161 billion away"}, {"start": "00:16:12", "end": "00:16:17", "text": "from becoming a trillionaire. Man, that"}, {"start": "00:16:16", "end": "00:16:19", "text": "is insane. And there's nobody even"}, {"start": "00:16:17", "end": "00:16:22", "text": "close. I mean, come on. Larry Page,"}, {"start": "00:16:19", "end": "00:16:25", "text": "Bezos, Zuck Jensen over at Nvidia."}, {"start": "00:16:22", "end": "00:16:28", "text": "Nobody's even close to catching this"}, {"start": "00:16:25", "end": "00:16:31", "text": "guy. He is on his way. And can you"}, {"start": "00:16:28", "end": "00:16:34", "text": "imagine that he literally came out of"}, {"start": "00:16:31", "end": "00:16:36", "text": "Tesla on"}, {"start": "00:16:34", "end": "00:16:38", "text": "he was on the literally on the edge of"}, {"start": "00:16:36", "end": "00:16:40", "text": "bankruptcy. They where they couldn't"}, {"start": "00:16:38", "end": "00:16:42", "text": "make payroll for Tesla. That and of"}, {"start": "00:16:40", "end": "00:16:44", "text": "course that of course was the uh"}, {"start": "00:16:42", "end": "00:16:46", "text": "catapult to put all of this in motion."}, {"start": "00:16:44", "end": "00:16:48", "text": "Do you guys think that's a good thing?"}, {"start": "00:16:46", "end": "00:16:51", "text": "Do you think we we need a trillionaire?"}, {"start": "00:16:48", "end": "00:16:52", "text": "Do you need that in these markets?"}, {"start": "00:16:51", "end": "00:16:54", "text": "because of course this is going to drive"}, {"start": "00:16:52", "end": "00:16:56", "text": "innovation on almost everything you can"}, {"start": "00:16:54", "end": "00:16:59", "text": "imagine. Let me know what you guys think"}, {"start": "00:16:56", "end": "00:17:01", "text": "down in the comments. Another clip here"}, {"start": "00:16:59", "end": "00:17:05", "text": "is important because now we're getting"}, {"start": "00:17:01", "end": "00:17:08", "text": "into very critical points for an Iranian"}, {"start": "00:17:05", "end": "00:17:11", "text": "deal. I mean, we got the 250th American"}, {"start": "00:17:08", "end": "00:17:14", "text": "birthday coming up in July, less than"}, {"start": "00:17:11", "end": "00:17:16", "text": "one month away. And if Trump doesn't get"}, {"start": "00:17:14", "end": "00:17:19", "text": "a deal done before then, I think it's a"}, {"start": "00:17:16", "end": "00:17:21", "text": "lot of egg on his face. Watch this clip."}, {"start": "00:17:19", "end": "00:17:24", "text": ">> We could have"}, {"start": "00:17:21", "end": "00:17:26", "text": "at least an idea by one or two days from"}, {"start": "00:17:24", "end": "00:17:29", "text": "now. But the blockade continues to hold"}, {"start": "00:17:26", "end": "00:17:32", "text": "100%. We had a very good conversation"}, {"start": "00:17:29", "end": "00:17:36", "text": "and he was hit and he hit back. They"}, {"start": "00:17:32", "end": "00:17:38", "text": "both agreed through me to stop and we're"}, {"start": "00:17:36", "end": "00:17:40", "text": "in the final throws of what will be a"}, {"start": "00:17:38", "end": "00:17:42", "text": "very very good deal. Straight will open"}, {"start": "00:17:40", "end": "00:17:44", "text": "up right away. It'll open up immediately"}, {"start": "00:17:42", "end": "00:17:46", "text": "upon signing which could be in two or"}, {"start": "00:17:44", "end": "00:17:48", "text": "three days. That's President Trump on"}, {"start": "00:17:46", "end": "00:17:52", "text": "the recent strikes between Israel and"}, {"start": "00:17:48", "end": "00:17:54", "text": "Iran as Israel responded to Iranian"}, {"start": "00:17:52", "end": "00:17:57", "text": "strikes Sunday. These exchanges uh back"}, {"start": "00:17:54", "end": "00:17:58", "text": "and forth uh the first since an April"}, {"start": "00:17:57", "end": "00:18:00", "text": "ceasefire. The president remaining"}, {"start": "00:17:58", "end": "00:18:03", "text": "optimistic a deal could come within the"}, {"start": "00:18:00", "end": "00:18:05", "text": "week with Iran, but Hezbollah and"}, {"start": "00:18:03", "end": "00:18:06", "text": "Lebanon are still out there. Oil prices"}, {"start": "00:18:05", "end": "00:18:08", "text": "this morning are pulling back. Take a"}, {"start": "00:18:06", "end": "00:18:12", "text": "look at the price of crude back below"}, {"start": "00:18:08", "end": "00:18:13", "text": "$90 a barrel down 2% at 8916. The US"}, {"start": "00:18:12", "end": "00:18:16", "text": "blockade in the street of Hormuz remains"}, {"start": "00:18:13", "end": "00:18:20", "text": "in place and Sentcom is redirecting more"}, {"start": "00:18:16", "end": "00:18:22", "text": "than 130 vessels since April 13th."}, {"start": "00:18:20", "end": "00:18:24", "text": "All right, so there you have it. Energy"}, {"start": "00:18:22", "end": "00:18:29", "text": "down. Uh you have Trump of course"}, {"start": "00:18:24", "end": "00:18:31", "text": "claiming a deal is eminent 37 times."}, {"start": "00:18:29", "end": "00:18:33", "text": "I don't know, guys. Can you believe this"}, {"start": "00:18:31", "end": "00:18:35", "text": "right now is the question. Is this the"}, {"start": "00:18:33", "end": "00:18:37", "text": "38th time? Is this the secret special"}, {"start": "00:18:35", "end": "00:18:40", "text": "sauce of getting this deal done? All"}, {"start": "00:18:37", "end": "00:18:42", "text": "right. One one consideration would be"}, {"start": "00:18:40", "end": "00:18:44", "text": "that this could get parcelled out. What"}, {"start": "00:18:42", "end": "00:18:46", "text": "I mean by that is the straight of Hormuz"}, {"start": "00:18:44", "end": "00:18:48", "text": "issue is the one that is the most"}, {"start": "00:18:46", "end": "00:18:50", "text": "critical because it affects so many"}, {"start": "00:18:48", "end": "00:18:52", "text": "economies including the US around you"}, {"start": "00:18:50", "end": "00:18:54", "text": "know fuel and energy prices but they"}, {"start": "00:18:52", "end": "00:18:57", "text": "could actually get a deal done for the"}, {"start": "00:18:54", "end": "00:19:00", "text": "strait not necessarily get a deal done"}, {"start": "00:18:57", "end": "00:19:03", "text": "for the nuclear situation in Iran which"}, {"start": "00:19:00", "end": "00:19:05", "text": "could end up going post midterms because"}, {"start": "00:19:03", "end": "00:19:07", "text": "it really boils down to prices for at"}, {"start": "00:19:05", "end": "00:19:09", "text": "the pump right now for midterms. So that"}, {"start": "00:19:07", "end": "00:19:11", "text": "I think is what he's shooting for and"}, {"start": "00:19:09", "end": "00:19:14", "text": "also for him to be able to kind of claim"}, {"start": "00:19:11", "end": "00:19:17", "text": "a win on July 4th, which is going to be"}, {"start": "00:19:14", "end": "00:19:19", "text": "the big celebration. Uh Black Rockck is"}, {"start": "00:19:17", "end": "00:19:21", "text": "warning Wednesday's CPI print forecast"}, {"start": "00:19:19", "end": "00:19:24", "text": "at 4.2 year-over-year. This is the"}, {"start": "00:19:21", "end": "00:19:27", "text": "highest since 23. Could be the first"}, {"start": "00:19:24", "end": "00:19:29", "text": "sign of a US Iran energy shock. This is"}, {"start": "00:19:27", "end": "00:19:31", "text": "another factor that we've talked about a"}, {"start": "00:19:29", "end": "00:19:34", "text": "lot here on the show, and that is that"}, {"start": "00:19:31", "end": "00:19:37", "text": "these kind of supply chains are going to"}, {"start": "00:19:34", "end": "00:19:39", "text": "be rolling into shortages. And that"}, {"start": "00:19:37", "end": "00:19:41", "text": "could be a major concern because that's"}, {"start": "00:19:39", "end": "00:19:44", "text": "when markets will react. That of course"}, {"start": "00:19:41", "end": "00:19:46", "text": "could be an issue as well. One last"}, {"start": "00:19:44", "end": "00:19:48", "text": "thing is where will the rate hikes be if"}, {"start": "00:19:46", "end": "00:19:51", "text": "there are going to be some? Right now"}, {"start": "00:19:48", "end": "00:19:53", "text": "it's a 55% chance. Do you guys think"}, {"start": "00:19:51", "end": "00:19:56", "text": "that Worsh will overshadow what Trump"}, {"start": "00:19:53", "end": "00:19:59", "text": "has been touting for so long saying that"}, {"start": "00:19:56", "end": "00:20:01", "text": "he was going to do and end up raising"}, {"start": "00:19:59", "end": "00:20:02", "text": "rates? Let me know what you guys think."}, {"start": "00:20:01", "end": "00:20:06", "text": "We're going to be covering this and"}, {"start": "00:20:02", "end": "00:20:06", "text": "more, so stay tuned."}, {"start": "00:20:10", "end": "00:20:14", "text": "If you like this video, hit like and"}, {"start": "00:20:11", "end": "00:20:16", "text": "subscribe. Drop a comment down below and"}, {"start": "00:20:14", "end": "00:20:20", "text": "also join our free private member group."}, {"start": "00:20:16", "end": "00:20:20", "text": "The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "People wait years [music] for these"}, {"start": "00:00:02", "end": "00:00:06", "text": "moments. They always say, \"I wish I"}, {"start": "00:00:04", "end": "00:00:09", "text": "could have bought so much more in the"}, {"start": "00:00:06", "end": "00:00:11", "text": "bear.\" Just like here, just like here,"}, {"start": "00:00:09", "end": "00:00:13", "text": "just like here, and just like here."}, {"start": "00:00:11", "end": "00:00:17", "text": "Historically speaking, this is a"}, {"start": "00:00:13", "end": "00:00:19", "text": "phenomenal time to be in Bitcoin because"}, {"start": "00:00:17", "end": "00:00:23", "text": "metrics and indicators and charts"}, {"start": "00:00:19", "end": "00:00:26", "text": "continue to pile up showing us things"}, {"start": "00:00:23", "end": "00:00:30", "text": "you see around the cycle bottom. For"}, {"start": "00:00:26", "end": "00:00:34", "text": "instance, Bitcoin weekly bullish RSI"}, {"start": "00:00:30", "end": "00:00:37", "text": "divergence. Price is going down, RSI is"}, {"start": "00:00:34", "end": "00:00:39", "text": "trending up. Same divergence formed at"}, {"start": "00:00:37", "end": "00:00:43", "text": "the last [music] bear market bottom"}, {"start": "00:00:39", "end": "00:00:46", "text": "right here. On the monthly, a pattern"}, {"start": "00:00:43", "end": "00:00:50", "text": "like this has only happened once before."}, {"start": "00:00:46", "end": "00:00:53", "text": "A wick below, then close above the 50"}, {"start": "00:00:50", "end": "00:00:56", "text": "simple moving average and log Bollinger"}, {"start": "00:00:53", "end": "00:01:00", "text": "bands has only happened once before at"}, {"start": "00:00:56", "end": "00:01:02", "text": "the end of the 2015 bear market. There's"}, {"start": "00:01:00", "end": "00:01:05", "text": "a strong chance Bitcoin holds this level"}, {"start": "00:01:02", "end": "00:01:09", "text": "here, but if not, the 300-week moving"}, {"start": "00:01:05", "end": "00:01:11", "text": "average right now is around 54,000."}, {"start": "00:01:09", "end": "00:01:12", "text": "Maybe in a few weeks will be closer to"}, {"start": "00:01:11", "end": "00:01:14", "text": "56,000."}, {"start": "00:01:12", "end": "00:01:16", "text": "It's possible Bitcoin reaches these"}, {"start": "00:01:14", "end": "00:01:19", "text": "levels. [music] It's possible Bitcoin"}, {"start": "00:01:16", "end": "00:01:19", "text": "bounces from here."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "I don't think that this is being priced"}, {"start": "00:00:01", "end": "00:00:06", "text": "in right now and I think it could lead"}, {"start": "00:00:04", "end": "00:00:08", "text": "to a pretty strong rally."}, {"start": "00:00:06", "end": "00:00:11", "text": ">> Something really interesting is"}, {"start": "00:00:08", "end": "00:00:14", "text": "happening with Bitcoin behind the scenes"}, {"start": "00:00:11", "end": "00:00:18", "text": "to cause price action like this. Bitcoin"}, {"start": "00:00:14", "end": "00:00:21", "text": "up today hitting over $67,000."}, {"start": "00:00:18", "end": "00:00:24", "text": "In fact, the past three days in a row up"}, {"start": "00:00:21", "end": "00:00:27", "text": "about 2% every day. Here at Altcoin"}, {"start": "00:00:24", "end": "00:00:29", "text": "Daily, we keep you updated on everything"}, {"start": "00:00:27", "end": "00:00:31", "text": "crypto on a daily basis. If you're"}, {"start": "00:00:29", "end": "00:00:33", "text": "getting value in our content, take two"}, {"start": "00:00:31", "end": "00:00:35", "text": "seconds, smash the like button. It's a"}, {"start": "00:00:33", "end": "00:00:37", "text": "small thing you can do, but it truly"}, {"start": "00:00:35", "end": "00:00:40", "text": "does help us grow. Crypto is up today."}, {"start": "00:00:37", "end": "00:00:43", "text": "In fact, the S&P 500 is up today. Many"}, {"start": "00:00:40", "end": "00:00:49", "text": "markets are up today because of one big"}, {"start": "00:00:43", "end": "00:00:53", "text": "reason. The US Iran peace deal seems to"}, {"start": "00:00:49", "end": "00:00:57", "text": "actually be real. It seems like Trump"}, {"start": "00:00:53", "end": "00:01:00", "text": "and Iran will sign an agreement of peace"}, {"start": "00:00:57", "end": "00:01:03", "text": "by Friday. While Trump is at the G7"}, {"start": "00:01:00", "end": "00:01:05", "text": "summit, a framework agreement to end the"}, {"start": "00:01:03", "end": "00:01:08", "text": "war with Iran is expected to be signed"}, {"start": "00:01:05", "end": "00:01:10", "text": "in Switzerland later this week. On"}, {"start": "00:01:08", "end": "00:01:12", "text": "social media, President Trump said the"}, {"start": "00:01:10", "end": "00:01:14", "text": "US Suran agreement is now complete and"}, {"start": "00:01:12", "end": "00:01:18", "text": "authorized the tollfree opening of the"}, {"start": "00:01:14", "end": "00:01:21", "text": "Strait of Hummus. He also said the US is"}, {"start": "00:01:18", "end": "00:01:24", "text": "ending its naval blockade of the strait."}, {"start": "00:01:21", "end": "00:01:26", "text": ">> Signed, the deal's all signed and the"}, {"start": "00:01:24", "end": "00:01:28", "text": "straight is already partially opened. As"}, {"start": "00:01:26", "end": "00:01:31", "text": "you know, they're doing a little hunting"}, {"start": "00:01:28", "end": "00:01:34", "text": "for a couple of mines that they've"}, {"start": "00:01:31", "end": "00:01:37", "text": "already found. Uh, but it's essentially"}, {"start": "00:01:34", "end": "00:01:39", "text": "ships are starting to go out now. On"}, {"start": "00:01:37", "end": "00:01:41", "text": "Friday, it'll be completely opened."}, {"start": "00:01:39", "end": "00:01:42", "text": ">> But the question is when is this going"}, {"start": "00:01:41", "end": "00:01:44", "text": "to be signed? The latest we have heard"}, {"start": "00:01:42", "end": "00:01:46", "text": "is that it could be signed here in"}, {"start": "00:01:44", "end": "00:01:49", "text": "Switzerland on Friday, but we don't have"}, {"start": "00:01:46", "end": "00:01:51", "text": "many details about who will be involved"}, {"start": "00:01:49", "end": "00:01:54", "text": "in that, at least from the US side."}, {"start": "00:01:51", "end": "00:01:56", "text": "There's also questions about the Iran"}, {"start": "00:01:54", "end": "00:01:58", "text": "nuclear program. Namely, once this deal"}, {"start": "00:01:56", "end": "00:02:01", "text": "is signed, it's going to kick off 60"}, {"start": "00:01:58", "end": "00:02:03", "text": "days of negotiations for Iran's nuclear"}, {"start": "00:02:01", "end": "00:02:05", "text": "program. Still many questions remain,"}, {"start": "00:02:03", "end": "00:02:07", "text": "but so far the president saying this is"}, {"start": "00:02:05", "end": "00:02:08", "text": "all good news and championing it as he"}, {"start": "00:02:07", "end": "00:02:12", "text": "makes his way here to Geneva."}, {"start": "00:02:08", "end": "00:02:14", "text": ">> So, if the US and Iran truly reach a"}, {"start": "00:02:12", "end": "00:02:17", "text": "peace deal, that will be the biggest"}, {"start": "00:02:14", "end": "00:02:21", "text": "catalyst in the short term. Also coming"}, {"start": "00:02:17", "end": "00:02:23", "text": "this week is the first FOMC meeting for"}, {"start": "00:02:21", "end": "00:02:26", "text": "new Fed Chair Kevin Worsh. We are"}, {"start": "00:02:23", "end": "00:02:28", "text": "expecting no change for rate cuts at"}, {"start": "00:02:26", "end": "00:02:30", "text": "this next meeting. And then another big"}, {"start": "00:02:28", "end": "00:02:32", "text": "catalyst, which I'll be honest here,"}, {"start": "00:02:30", "end": "00:02:35", "text": "everybody is counting this out at this"}, {"start": "00:02:32", "end": "00:02:37", "text": "point. Even Charles Schwab's Adam Lynch"}, {"start": "00:02:35", "end": "00:02:39", "text": "explains, people have pretty much wrote"}, {"start": "00:02:37", "end": "00:02:42", "text": "the Clarity Act off at this point, but"}, {"start": "00:02:39", "end": "00:02:45", "text": "it truly is crypto's biggest catalyst"}, {"start": "00:02:42", "end": "00:02:48", "text": "going forward. He even gives a date of"}, {"start": "00:02:45", "end": "00:02:51", "text": "August 3rd, the now likely date Trump"}, {"start": "00:02:48", "end": "00:02:53", "text": "will sign the Clarity Act into law."}, {"start": "00:02:51", "end": "00:02:54", "text": "Truly probably the last chance before"}, {"start": "00:02:53", "end": "00:02:55", "text": "midterms."}, {"start": "00:02:54", "end": "00:02:57", "text": ">> One of the things that we've talked"}, {"start": "00:02:55", "end": "00:03:00", "text": "about frequently is the Clarity Act and"}, {"start": "00:02:57", "end": "00:03:04", "text": "the latest there for investors who don't"}, {"start": "00:03:00", "end": "00:03:07", "text": "follow crypto policy every day. Um, what"}, {"start": "00:03:04", "end": "00:03:09", "text": "would that legislation actually do for"}, {"start": "00:03:07", "end": "00:03:12", "text": "the sector?"}, {"start": "00:03:09", "end": "00:03:14", "text": "I think what it would do is give"}, {"start": "00:03:12", "end": "00:03:16", "text": "everybody participating in this space a"}, {"start": "00:03:14", "end": "00:03:18", "text": "little bit more confidence. Um, one of"}, {"start": "00:03:16", "end": "00:03:20", "text": "the things that we're missing are just"}, {"start": "00:03:18", "end": "00:03:22", "text": "some of these guard rails. So, knowing"}, {"start": "00:03:20", "end": "00:03:24", "text": "the difference between the stable coins"}, {"start": "00:03:22", "end": "00:03:26", "text": "versus bank deposits and how those sort"}, {"start": "00:03:24", "end": "00:03:28", "text": "of things are going to be handled are"}, {"start": "00:03:26", "end": "00:03:30", "text": "very important for the players in the"}, {"start": "00:03:28", "end": "00:03:33", "text": "industry. Um, for end clients, I think"}, {"start": "00:03:30", "end": "00:03:36", "text": "it might be a little different. Um, but"}, {"start": "00:03:33", "end": "00:03:39", "text": "overall what we're seeing is if we can"}, {"start": "00:03:36", "end": "00:03:40", "text": "get some continued momentum here, um, I"}, {"start": "00:03:39", "end": "00:03:42", "text": "think it'll be great for the industry. I"}, {"start": "00:03:40", "end": "00:03:45", "text": "don't think that this is being priced in"}, {"start": "00:03:42", "end": "00:03:47", "text": "right now and I think it could lead to a"}, {"start": "00:03:45", "end": "00:03:49", "text": "pretty strong rally were we to get"}, {"start": "00:03:47", "end": "00:03:52", "text": "passage here. Um, I think it's at about"}, {"start": "00:03:49", "end": "00:03:54", "text": "50/50 right now. So, it is a little less"}, {"start": "00:03:52", "end": "00:03:57", "text": "likely than it has been in the past."}, {"start": "00:03:54", "end": "00:03:58", "text": "However, we've seen a firm uh Galaxy"}, {"start": "00:03:57", "end": "00:04:00", "text": "Research this week just came out and"}, {"start": "00:03:58", "end": "00:04:04", "text": "said that they estimate it's got almost"}, {"start": "00:04:00", "end": "00:04:06", "text": "a 75% chance of becoming law and even"}, {"start": "00:04:04", "end": "00:04:08", "text": "pointed to a date uh the week of August"}, {"start": "00:04:06", "end": "00:04:09", "text": "3rd to be focused on for the president's"}, {"start": "00:04:08", "end": "00:04:12", "text": "signature."}, {"start": "00:04:09", "end": "00:04:16", "text": ">> Michael Sailor is still a huge buyer of"}, {"start": "00:04:12", "end": "00:04:19", "text": "Bitcoin despite selling 23 Bitcoin a"}, {"start": "00:04:16", "end": "00:04:22", "text": "couple weeks ago. He just bought another"}, {"start": "00:04:19", "end": "00:04:26", "text": "1587 Bitcoin. He just deployed 100"}, {"start": "00:04:22", "end": "00:04:30", "text": "million. He even went as far as to say"}, {"start": "00:04:26", "end": "00:04:33", "text": "Bitcoin has no real risks at this point."}, {"start": "00:04:30", "end": "00:04:35", "text": "The only thing people ever bring up is"}, {"start": "00:04:33", "end": "00:04:37", "text": "quantum, but just like everything else"}, {"start": "00:04:35", "end": "00:04:40", "text": "the people talked about, this won't"}, {"start": "00:04:37", "end": "00:04:42", "text": "amount to anything. This is his opinion."}, {"start": "00:04:40", "end": "00:04:45", "text": "He thinks quantum is an imaginary"}, {"start": "00:04:42", "end": "00:04:47", "text": "problem to worry about, which is why he"}, {"start": "00:04:45", "end": "00:04:49", "text": "keeps buying. Tell me what you think of"}, {"start": "00:04:47", "end": "00:04:51", "text": "his reasoning about quantum here. The"}, {"start": "00:04:49", "end": "00:04:52", "text": "reason we're talking about quantum"}, {"start": "00:04:51", "end": "00:04:56", "text": "computers is because there's nothing"}, {"start": "00:04:52", "end": "00:04:57", "text": "else that threatens Bitcoin. Okay? So,"}, {"start": "00:04:56", "end": "00:04:59", "text": "everything that people talked about,"}, {"start": "00:04:57", "end": "00:05:00", "text": "well, there's political risk. the"}, {"start": "00:04:59", "end": "00:05:03", "text": "government will ban it or no one want to"}, {"start": "00:05:00", "end": "00:05:05", "text": "buy it or companies will never use it or"}, {"start": "00:05:03", "end": "00:05:08", "text": "the accounting is wrong or the tax is"}, {"start": "00:05:05", "end": "00:05:12", "text": "bad or maybe it'll fail or maybe it's"}, {"start": "00:05:08", "end": "00:05:14", "text": "misengineered or you know every you know"}, {"start": "00:05:12", "end": "00:05:17", "text": "the block sizes are too small the block"}, {"start": "00:05:14", "end": "00:05:20", "text": "sizes are too big or it doesn't have"}, {"start": "00:05:17", "end": "00:05:22", "text": "enough smart contract functionality"}, {"start": "00:05:20", "end": "00:05:25", "text": "right the amount of FUD you know is is"}, {"start": "00:05:22", "end": "00:05:27", "text": "off the hook and every one of those cons"}, {"start": "00:05:25", "end": "00:05:30", "text": "oh it uses too much energy he uses"}, {"start": "00:05:27", "end": "00:05:31", "text": "computers the Chinese will take over it."}, {"start": "00:05:30", "end": "00:05:33", "text": "The Chinese make too much of it. The"}, {"start": "00:05:31", "end": "00:05:35", "text": "Chinese banned it. They don't make"}, {"start": "00:05:33", "end": "00:05:37", "text": "enough of it. Right? There's like 20"}, {"start": "00:05:35", "end": "00:05:40", "text": "types of FUD. They all kind of fail. So"}, {"start": "00:05:37", "end": "00:05:42", "text": "after there's nothing to worry about, we"}, {"start": "00:05:40", "end": "00:05:45", "text": "invented an imaginary problem to worry"}, {"start": "00:05:42", "end": "00:05:48", "text": "about. Imagine a computer that no one's"}, {"start": "00:05:45", "end": "00:05:50", "text": "ever built that it's not obvious we can"}, {"start": "00:05:48", "end": "00:05:52", "text": "build. Let's imagine that perhaps we"}, {"start": "00:05:50", "end": "00:05:54", "text": "make a scientific breakthrough and we"}, {"start": "00:05:52", "end": "00:05:56", "text": "manage to create a quantum computer. And"}, {"start": "00:05:54", "end": "00:06:00", "text": "let's imagine that it cracks our current"}, {"start": "00:05:56", "end": "00:06:04", "text": "cryptography. and let's imagine that no"}, {"start": "00:06:00", "end": "00:06:07", "text": "one reacts or or or uh addresses it or"}, {"start": "00:06:04", "end": "00:06:10", "text": "upgrades. Then let's imagine bad things"}, {"start": "00:06:07", "end": "00:06:12", "text": "happening. It's a hypothetical problem"}, {"start": "00:06:10", "end": "00:06:15", "text": "that people imagine so that they can"}, {"start": "00:06:12", "end": "00:06:17", "text": "generate engagement on X. The only"}, {"start": "00:06:15", "end": "00:06:21", "text": "reason it gets traction is a there are"}, {"start": "00:06:17", "end": "00:06:24", "text": "no real problems and b we're in a bare"}, {"start": "00:06:21", "end": "00:06:28", "text": "market. Tom Lee's Bitine continues to"}, {"start": "00:06:24", "end": "00:06:32", "text": "buy more Ethereum, buying another 76,000"}, {"start": "00:06:28", "end": "00:06:35", "text": "ETH, 135 million worth, now holding 9.9"}, {"start": "00:06:32", "end": "00:06:39", "text": "billion worth. And they are staking the"}, {"start": "00:06:35", "end": "00:06:42", "text": "vast majority of this Ethereum. Staking"}, {"start": "00:06:39", "end": "00:06:46", "text": "is up. Ethereum supply on exchanges is"}, {"start": "00:06:42", "end": "00:06:48", "text": "down. Ethereum is getting harder to buy."}, {"start": "00:06:46", "end": "00:06:51", "text": "Exchange reserves have dropped to their"}, {"start": "00:06:48", "end": "00:06:55", "text": "lowest level ever. You understand what"}, {"start": "00:06:51", "end": "00:06:57", "text": "this means, right? As soon as a modeicum"}, {"start": "00:06:55", "end": "00:07:00", "text": "of demand comes back into the space,"}, {"start": "00:06:57", "end": "00:07:03", "text": "there's not that much Bitcoin or"}, {"start": "00:07:00", "end": "00:07:05", "text": "Ethereum to go around. Black Rockck"}, {"start": "00:07:03", "end": "00:07:08", "text": "understands where the future is going."}, {"start": "00:07:05", "end": "00:07:12", "text": "Just in 14 trillion, Black Rockck"}, {"start": "00:07:08", "end": "00:07:14", "text": "launches Bitcoin Premium Income ETF."}, {"start": "00:07:12", "end": "00:07:16", "text": "They're launching this tomorrow as being"}, {"start": "00:07:14", "end": "00:07:20", "text": "reported by Bloomberg. What does this"}, {"start": "00:07:16", "end": "00:07:23", "text": "ETF do versus their other Bitcoin ETF?"}, {"start": "00:07:20", "end": "00:07:26", "text": "Well, this ETF is more of a yield"}, {"start": "00:07:23", "end": "00:07:29", "text": "product. It's more of basically a"}, {"start": "00:07:26", "end": "00:07:34", "text": "product like Michael Sailor's Strategy"}, {"start": "00:07:29", "end": "00:07:36", "text": "has. So, this ETF will target 15 to 25%"}, {"start": "00:07:34", "end": "00:07:40", "text": "annual dividend while trying to capture"}, {"start": "00:07:36", "end": "00:07:42", "text": "at least 70% of Bitcoin's upside. This"}, {"start": "00:07:40", "end": "00:07:44", "text": "is really bullish, guys. Black Rockck"}, {"start": "00:07:42", "end": "00:07:46", "text": "and others wouldn't be doing this if"}, {"start": "00:07:44", "end": "00:07:50", "text": "there is no future here. And you can"}, {"start": "00:07:46", "end": "00:07:53", "text": "just take a look at onchain metrics to"}, {"start": "00:07:50", "end": "00:07:56", "text": "understand where the future is heading."}, {"start": "00:07:53", "end": "00:07:59", "text": "Total RWA market cap tokenization just"}, {"start": "00:07:56", "end": "00:08:02", "text": "continues to go up. RWA market caps are"}, {"start": "00:07:59", "end": "00:08:04", "text": "passing 43 billion led by Ethereum with"}, {"start": "00:08:02", "end": "00:08:06", "text": "57.8"}, {"start": "00:08:04", "end": "00:08:09", "text": "market share. The metrics going up and"}, {"start": "00:08:06", "end": "00:08:12", "text": "to the right like this, this is bullish."}, {"start": "00:08:09", "end": "00:08:15", "text": "In fact, Standard Charter just put out a"}, {"start": "00:08:12", "end": "00:08:17", "text": "big digital asset report. We understand"}, {"start": "00:08:15", "end": "00:08:20", "text": "that Standard Charter bullish on crypto"}, {"start": "00:08:17", "end": "00:08:23", "text": "at large, including Bitcoin, Ethereum,"}, {"start": "00:08:20", "end": "00:08:26", "text": "and others. In fact, their digital asset"}, {"start": "00:08:23", "end": "00:08:30", "text": "forecast is they think unis swap is"}, {"start": "00:08:26", "end": "00:08:34", "text": "going to 40x in 5 years. Uniswap $100"}, {"start": "00:08:30", "end": "00:08:38", "text": "per coin. Ethereum get to 40,000 per"}, {"start": "00:08:34", "end": "00:08:40", "text": "coin by 2030. and Bitcoin half a million"}, {"start": "00:08:38", "end": "00:08:43", "text": "by 2030. So take a look at where the"}, {"start": "00:08:40", "end": "00:08:46", "text": "capital and mind share is going. We are"}, {"start": "00:08:43", "end": "00:08:48", "text": "still bullish on DeFi. Standard Charter"}, {"start": "00:08:46", "end": "00:08:50", "text": "says Uniswap is quote uniquely"}, {"start": "00:08:48", "end": "00:08:52", "text": "positioned to scale to meet this"}, {"start": "00:08:50", "end": "00:08:54", "text": "opportunity. But even at the most"}, {"start": "00:08:52", "end": "00:08:57", "text": "conservative, Bitcoin is going up by a"}, {"start": "00:08:54", "end": "00:08:59", "text": "lot. Ethereum is going up by a lot"}, {"start": "00:08:57", "end": "00:09:01", "text": "according to Standard Charter. Make sure"}, {"start": "00:08:59", "end": "00:09:03", "text": "you follow us on Twitter. We'll continue"}, {"start": "00:09:01", "end": "00:09:06", "text": "the conversation here and in the"}, {"start": "00:09:03", "end": "00:09:08", "text": "comments. My name is Aaron. This is"}, {"start": "00:09:06", "end": "00:09:10", "text": "Altcoin Daily. Subscribe to our channel."}, {"start": "00:09:08", "end": "00:09:12", "text": "Join our team. And I'll see you"}, {"start": "00:09:10", "end": "00:09:12", "text": "tomorrow."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "I think it's going to be worse than"}, {"start": "00:00:03", "end": "00:00:08", "text": "anything we've seen in the last uh what"}, {"start": "00:00:06", "end": "00:00:10", "text": "is that 16 or so years."}, {"start": "00:00:08", "end": "00:00:13", "text": ">> Today I sit down with macro position"}, {"start": "00:00:10", "end": "00:00:14", "text": "trader and investor Jason Pisano."}, {"start": "00:00:13", "end": "00:00:16", "text": ">> I don't know if it's going to be a"}, {"start": "00:00:14", "end": "00:00:18", "text": "depression like 1929. I don't know if"}, {"start": "00:00:16", "end": "00:00:20", "text": "it's going to be the Great Recession"}, {"start": "00:00:18", "end": "00:00:21", "text": "like 2008. I think it's going to be"}, {"start": "00:00:20", "end": "00:00:24", "text": "something similar to that"}, {"start": "00:00:21", "end": "00:00:27", "text": ">> about what comes next with Bitcoin, the"}, {"start": "00:00:24", "end": "00:00:29", "text": "stock market, and altcoins. the range"}, {"start": "00:00:27", "end": "00:00:31", "text": "that I'm watching now for Bitcoin."}, {"start": "00:00:29", "end": "00:00:34", "text": ">> Highly recommend you watch today's"}, {"start": "00:00:31", "end": "00:00:34", "text": "entire conversation so you understand"}, {"start": "00:00:34", "end": "00:00:36", "text": "everything."}, {"start": "00:00:34", "end": "00:00:38", "text": ">> This breaks, I think micro micro"}, {"start": "00:00:36", "end": "00:00:40", "text": "strategy is going to be weaker."}, {"start": "00:00:38", "end": "00:00:42", "text": ">> For access to the number one chart"}, {"start": "00:00:40", "end": "00:00:44", "text": "trading experience, check out exchange"}, {"start": "00:00:42", "end": "00:00:47", "text": "partner pitchex only with referral code"}, {"start": "00:00:44", "end": "00:00:49", "text": "altcoin daily link below and let's"}, {"start": "00:00:47", "end": "00:00:50", "text": "start. Jason, man, I just told you this,"}, {"start": "00:00:49", "end": "00:00:52", "text": "but I just watched our last interview"}, {"start": "00:00:50", "end": "00:00:54", "text": "from a couple months ago. You were"}, {"start": "00:00:52", "end": "00:00:56", "text": "pretty spot on with, you know, your"}, {"start": "00:00:54", "end": "00:00:58", "text": "future outlook for Bitcoin."}, {"start": "00:00:56", "end": "00:00:59", "text": "Thank you very much. As they say, you're"}, {"start": "00:00:58", "end": "00:01:01", "text": "only as good as your last call. So,"}, {"start": "00:00:59", "end": "00:01:03", "text": "let's see what we can do over the next I"}, {"start": "00:01:01", "end": "00:01:05", "text": "think it was three months ago."}, {"start": "00:01:03", "end": "00:01:08", "text": ">> It's crazy because it was literally days"}, {"start": "00:01:05", "end": "00:01:09", "text": "before the Iran war."}, {"start": "00:01:08", "end": "00:01:10", "text": ">> It was."}, {"start": "00:01:09", "end": "00:01:11", "text": ">> And you were still right. Even though"}, {"start": "00:01:10", "end": "00:01:14", "text": "things totally changed in a macro"}, {"start": "00:01:11", "end": "00:01:15", "text": "landscape, Bitcoin did was basically it"}, {"start": "00:01:14", "end": "00:01:17", "text": "did nothing, which was your general"}, {"start": "00:01:15", "end": "00:01:19", "text": "thesis. We just bounced around."}, {"start": "00:01:17", "end": "00:01:21", "text": ">> Yeah. I mean, I did read a few of the"}, {"start": "00:01:19", "end": "00:01:23", "text": "comments and people thought otherwise,"}, {"start": "00:01:21", "end": "00:01:25", "text": "you know, the things going up, but"}, {"start": "00:01:23", "end": "00:01:27", "text": "that's usually the case, right? You want"}, {"start": "00:01:25", "end": "00:01:29", "text": "to start on the S&P? I see have the S&P"}, {"start": "00:01:27", "end": "00:01:31", "text": "pulled here."}, {"start": "00:01:29", "end": "00:01:33", "text": ">> Yeah, I you're you're right from the"}, {"start": "00:01:31", "end": "00:01:34", "text": "last meeting. Let's have a look at um"}, {"start": "00:01:33", "end": "00:01:37", "text": "the S&P, but the things that have"}, {"start": "00:01:34", "end": "00:01:38", "text": "changed since then. I made a list if you"}, {"start": "00:01:37", "end": "00:01:38", "text": "don't mind."}, {"start": "00:01:38", "end": "00:01:41", "text": ">> Let's do it."}, {"start": "00:01:38", "end": "00:01:44", "text": ">> US Iran war. We got a war in between the"}, {"start": "00:01:41", "end": "00:01:48", "text": "last time we spoke. Trump has said peace"}, {"start": "00:01:44", "end": "00:01:50", "text": "deal imminent 38 times. Iran's rejected"}, {"start": "00:01:48", "end": "00:01:52", "text": "all of them. We're at the 38th today."}, {"start": "00:01:50", "end": "00:01:53", "text": "Iran um Israel bombed Lebanon. We've"}, {"start": "00:01:52", "end": "00:01:56", "text": "seen that backwards and forwards with"}, {"start": "00:01:53", "end": "00:01:58", "text": "Iran. Bitcoin broke the February low"}, {"start": "00:01:56", "end": "00:02:00", "text": "since then and Bitcoin's crashed lower"}, {"start": "00:01:58", "end": "00:02:03", "text": "since the last video, which is what"}, {"start": "00:02:00", "end": "00:02:05", "text": "we're expecting. Inflation's run hotter."}, {"start": "00:02:03", "end": "00:02:07", "text": "Yields are at um a higher, which is"}, {"start": "00:02:05", "end": "00:02:08", "text": "putting more and more pressure on the"}, {"start": "00:02:07", "end": "00:02:11", "text": "economy, taking more liquidity out of"}, {"start": "00:02:08", "end": "00:02:13", "text": "the market. Real estate prices stalling."}, {"start": "00:02:11", "end": "00:02:15", "text": "Stock markets corrected off those highs."}, {"start": "00:02:13", "end": "00:02:17", "text": "SpaceX IPO, I think, is today, unless"}, {"start": "00:02:15", "end": "00:02:19", "text": "it's already out by the time this is"}, {"start": "00:02:17", "end": "00:02:21", "text": ">> SpaceX IPO is tomorrow. And this video"}, {"start": "00:02:19", "end": "00:02:23", "text": "will be released on Sunday, so two days"}, {"start": "00:02:21", "end": "00:02:25", "text": "after the SpaceX IPO, but the IPO is on"}, {"start": "00:02:23", "end": "00:02:26", "text": "a Friday anyway."}, {"start": "00:02:25", "end": "00:02:27", "text": ">> All right, so we don't know what the"}, {"start": "00:02:26", "end": "00:02:30", "text": "outcome of that is, but it looks like"}, {"start": "00:02:27", "end": "00:02:31", "text": "it's going to be sending things higher."}, {"start": "00:02:30", "end": "00:02:33", "text": "And the last thing is the Knicks made"}, {"start": "00:02:31", "end": "00:02:35", "text": "the finals."}, {"start": "00:02:33", "end": "00:02:36", "text": ">> The Knicks dominated the game last"}, {"start": "00:02:35", "end": "00:02:38", "text": "night."}, {"start": "00:02:36", "end": "00:02:40", "text": ">> Yeah. Was that the one they won by one?"}, {"start": "00:02:38", "end": "00:02:42", "text": ">> Yep. Exactly."}, {"start": "00:02:40", "end": "00:02:46", "text": ">> Excellent. All right. Well, S&P 500's on"}, {"start": "00:02:42", "end": "00:02:47", "text": "the on the chart there. The thing that"}, {"start": "00:02:46", "end": "00:02:49", "text": "the little red arrow is where we did our"}, {"start": "00:02:47", "end": "00:02:52", "text": "last video. So since then it's crashed"}, {"start": "00:02:49", "end": "00:02:53", "text": "10% from the highs, bounced back, and"}, {"start": "00:02:52", "end": "00:02:55", "text": "then corrected again. I think from this"}, {"start": "00:02:53", "end": "00:02:58", "text": "point with the S&P 500, it just gets"}, {"start": "00:02:55", "end": "00:03:00", "text": "more and more volatile until the peak of"}, {"start": "00:02:58", "end": "00:03:01", "text": "the stock market cycle. And we did touch"}, {"start": "00:03:00", "end": "00:03:02", "text": "on the 18ear cycle. I don't want to"}, {"start": "00:03:01", "end": "00:03:06", "text": "bring too much in cuz I know it can get"}, {"start": "00:03:02", "end": "00:03:10", "text": "confusing, but the volatility just stems"}, {"start": "00:03:06", "end": "00:03:12", "text": "from the uh the excessive bullishness"}, {"start": "00:03:10", "end": "00:03:14", "text": "into a lot of these narratives and you"}, {"start": "00:03:12", "end": "00:03:16", "text": "get those wilder swings. you know, when"}, {"start": "00:03:14", "end": "00:03:18", "text": "you zoom out, you can see just how fast"}, {"start": "00:03:16", "end": "00:03:20", "text": "things recover, and then you get these"}, {"start": "00:03:18", "end": "00:03:22", "text": "uh quick selloffs to take profits,"}, {"start": "00:03:20", "end": "00:03:26", "text": "things bounce back because everyone's"}, {"start": "00:03:22", "end": "00:03:28", "text": "buying the dip. So, that uncertainty"}, {"start": "00:03:26", "end": "00:03:30", "text": "tends to breed into the all-time highs"}, {"start": "00:03:28", "end": "00:03:33", "text": "just like what happened in the dot boom"}, {"start": "00:03:30", "end": "00:03:34", "text": "into the peak. But that I'm not def I'm"}, {"start": "00:03:33", "end": "00:03:36", "text": "definitely not calling for the top here"}, {"start": "00:03:34", "end": "00:03:39", "text": "because that would be absolutely stupid"}, {"start": "00:03:36", "end": "00:03:43", "text": "to do when you can see runaway markets"}, {"start": "00:03:39", "end": "00:03:44", "text": "SpaceX IPO possibly anthropic IPO you"}, {"start": "00:03:43", "end": "00:03:46", "text": "know all these the biggest IPOs in"}, {"start": "00:03:44", "end": "00:03:50", "text": "history with the biggest market caps are"}, {"start": "00:03:46", "end": "00:03:52", "text": "coming does that affect Bitcoin?"}, {"start": "00:03:50", "end": "00:03:54", "text": ">> Is that a question to myself?"}, {"start": "00:03:52", "end": "00:03:56", "text": ">> Yes it is. I mean liquidity is being"}, {"start": "00:03:54", "end": "00:03:58", "text": "sucked out of Bitcoin. I guess it's"}, {"start": "00:03:56", "end": "00:03:59", "text": "going to AI."}, {"start": "00:03:58", "end": "00:04:01", "text": ">> It seems that way. you know, the"}, {"start": "00:03:59", "end": "00:04:03", "text": "narrative has shifted definitely towards"}, {"start": "00:04:01", "end": "00:04:04", "text": "AI. And on top of that, you know, as I"}, {"start": "00:04:03", "end": "00:04:07", "text": "rattled off those few things in the"}, {"start": "00:04:04", "end": "00:04:10", "text": "intro, the credit seems to be coming out"}, {"start": "00:04:07", "end": "00:04:11", "text": "of the the system at a slower pace, but"}, {"start": "00:04:10", "end": "00:04:13", "text": "interest rates are up, inflation's up,"}, {"start": "00:04:11", "end": "00:04:14", "text": "or interest rates are steady, I should"}, {"start": "00:04:13", "end": "00:04:18", "text": "say, in the US, up everywhere else,"}, {"start": "00:04:14", "end": "00:04:19", "text": "Australia, UK, Europe. Uh, and that"}, {"start": "00:04:18", "end": "00:04:21", "text": "obviously that's just putting more"}, {"start": "00:04:19", "end": "00:04:23", "text": "pressure on risk assets. And Bitcoin"}, {"start": "00:04:21", "end": "00:04:27", "text": "unfortunately is one of those it keeps"}, {"start": "00:04:23", "end": "00:04:31", "text": "getting hit by the old uh uh you know"}, {"start": "00:04:27", "end": "00:04:33", "text": "risk narrative when things are flush"}, {"start": "00:04:31", "end": "00:04:35", "text": "lots of cra cash it goes up. When it's"}, {"start": "00:04:33", "end": "00:04:38", "text": "not it's not doing too well."}, {"start": "00:04:35", "end": "00:04:40", "text": ">> Would you going back to the.com bubble"}, {"start": "00:04:38", "end": "00:04:44", "text": "would you point out where you think we"}, {"start": "00:04:40", "end": "00:04:46", "text": "are right now if it were the.com bubble"}, {"start": "00:04:44", "end": "00:04:49", "text": "like are we the three quarters up or are"}, {"start": "00:04:46", "end": "00:04:52", "text": "we near the top?"}, {"start": "00:04:49", "end": "00:04:55", "text": "Uh, it's obviously a difficult one. I"}, {"start": "00:04:52", "end": "00:04:56", "text": "think we're I think we're probably into"}, {"start": "00:04:55", "end": "00:04:58", "text": "this last stage. Let me just make that a"}, {"start": "00:04:56", "end": "00:04:59", "text": "little bit bigger and I'll do it on a"}, {"start": "00:04:58", "end": "00:05:03", "text": "log. I think we're probably into this"}, {"start": "00:04:59", "end": "00:05:06", "text": "last move. The"}, {"start": "00:05:03", "end": "00:05:08", "text": "6 to 18 months. I don't think we're at"}, {"start": "00:05:06", "end": "00:05:11", "text": "the beginning here"}, {"start": "00:05:08", "end": "00:05:13", "text": "like 90 95 96. I think it's more like a"}, {"start": "00:05:11", "end": "00:05:16", "text": "98 99."}, {"start": "00:05:13", "end": "00:05:18", "text": ">> So 6 to 18 months. I should since crypto"}, {"start": "00:05:16", "end": "00:05:20", "text": "is not doing anything and not rallying."}, {"start": "00:05:18", "end": "00:05:22", "text": "I should put my money into the stock"}, {"start": "00:05:20", "end": "00:05:24", "text": "market for at least six months."}, {"start": "00:05:22", "end": "00:05:27", "text": ">> If I'm your financial adviser, then"}, {"start": "00:05:24", "end": "00:05:28", "text": "sure. Yeah, we just we saw a dip. Why"}, {"start": "00:05:27", "end": "00:05:31", "text": "not?"}, {"start": "00:05:28", "end": "00:05:33", "text": ">> So, how should Bitcoin investors be"}, {"start": "00:05:31", "end": "00:05:38", "text": "thinking about the S&P now or the SpaceX"}, {"start": "00:05:33", "end": "00:05:42", "text": "IPO now? Obviously, if the S&P dips 10%"}, {"start": "00:05:38", "end": "00:05:45", "text": "20%, crypto is going lower. Correct. Uh"}, {"start": "00:05:42", "end": "00:05:47", "text": ">> that's the way I see it. Definitely."}, {"start": "00:05:45", "end": "00:05:51", "text": "So, let's look at price targets for"}, {"start": "00:05:47", "end": "00:05:53", "text": "Bitcoin, if you would."}, {"start": "00:05:51", "end": "00:05:56", "text": ">> Price targets for Bitcoin. Sure, let's"}, {"start": "00:05:53", "end": "00:05:56", "text": "do it."}, {"start": "00:05:57", "end": "00:06:01", "text": ">> Um, do you mean like shall we just look"}, {"start": "00:06:00", "end": "00:06:03", "text": "at lows, highs?"}, {"start": "00:06:01", "end": "00:06:04", "text": ">> I want to know what what you're telling"}, {"start": "00:06:03", "end": "00:06:07", "text": "your audience. What's next? It's like"}, {"start": "00:06:04", "end": "00:06:12", "text": "what are the charts telling you?"}, {"start": "00:06:07", "end": "00:06:14", "text": ">> Okay. Well, we've had the bare market"}, {"start": "00:06:12", "end": "00:06:17", "text": "rally. So right right around here is"}, {"start": "00:06:14", "end": "00:06:20", "text": "when we did our video around 66 67 price"}, {"start": "00:06:17", "end": "00:06:24", "text": "is now 63 rallied to 82 came all the way"}, {"start": "00:06:20", "end": "00:06:27", "text": "back took out the February low and the"}, {"start": "00:06:24", "end": "00:06:30", "text": "range that I'm watching now for Bitcoin"}, {"start": "00:06:27", "end": "00:06:33", "text": "conservatively is around 43,000 to"}, {"start": "00:06:30", "end": "00:06:34", "text": "58,000 as a bottom target. So when I"}, {"start": "00:06:33", "end": "00:06:36", "text": "said I don't think it's going to be the"}, {"start": "00:06:34", "end": "00:06:38", "text": "the drops are going to be as severe as"}, {"start": "00:06:36", "end": "00:06:41", "text": "what we've seen in the bull market"}, {"start": "00:06:38", "end": "00:06:44", "text": "already. These are the the drops 20 odd"}, {"start": "00:06:41", "end": "00:06:47", "text": "thousand each time. We're currently at a"}, {"start": "00:06:44", "end": "00:06:48", "text": "lower price of 59. If we drop it in this"}, {"start": "00:06:47", "end": "00:06:50", "text": "conservative zone, then it's not going"}, {"start": "00:06:48", "end": "00:06:53", "text": "to be as severe, like just"}, {"start": "00:06:50", "end": "00:06:56", "text": "straightforward. Um, if we take it all"}, {"start": "00:06:53", "end": "00:07:00", "text": "the way to the lowest range, I'm looking"}, {"start": "00:06:56", "end": "00:07:01", "text": "between 32 and 43. This is this white"}, {"start": "00:07:00", "end": "00:07:05", "text": "zone at the bottom here, these two white"}, {"start": "00:07:01", "end": "00:07:07", "text": "fibs. Reason for that is that previous"}, {"start": "00:07:05", "end": "00:07:09", "text": "cycles, we've always come back to that"}, {"start": "00:07:07", "end": "00:07:13", "text": "zone. So 2022"}, {"start": "00:07:09", "end": "00:07:15", "text": "2's bare market you can see here it"}, {"start": "00:07:13", "end": "00:07:16", "text": "dropped into that zone. There's the"}, {"start": "00:07:15", "end": "00:07:17", "text": "moving averages which we'll cover as"}, {"start": "00:07:16", "end": "00:07:19", "text": "well but that's dropped into this zone"}, {"start": "00:07:17", "end": "00:07:21", "text": "here.125"}, {"start": "00:07:19", "end": "00:07:25", "text": "to 0.25. There are the lows sits around"}, {"start": "00:07:21", "end": "00:07:28", "text": "there for a while and then took off the"}, {"start": "00:07:25", "end": "00:07:32", "text": "2017 bull market range which dropped"}, {"start": "00:07:28", "end": "00:07:34", "text": "into the 2018 low again back in the zone"}, {"start": "00:07:32", "end": "00:07:36", "text": "between.125"}, {"start": "00:07:34", "end": "00:07:41", "text": "and 0.25 25"}, {"start": "00:07:36", "end": "00:07:43", "text": "and then the prior cycle back in 2014."}, {"start": "00:07:41", "end": "00:07:46", "text": "So this was the bare market of 2014"}, {"start": "00:07:43", "end": "00:07:47", "text": "very much in the zone of 0.125 to 0.25"}, {"start": "00:07:46", "end": "00:07:49", "text": "25"}, {"start": "00:07:47", "end": "00:07:53", "text": "because we're not getting the same sort"}, {"start": "00:07:49", "end": "00:07:55", "text": "of bull markets with the same sort of"}, {"start": "00:07:53", "end": "00:07:58", "text": "percentages to the upside, the whole"}, {"start": "00:07:55", "end": "00:08:01", "text": "diminishing returns theory, then I think"}, {"start": "00:07:58", "end": "00:08:04", "text": "it's probably feasible that we may not"}, {"start": "00:08:01", "end": "00:08:05", "text": "go anywhere near the 30k, but more"}, {"start": "00:08:04", "end": "00:08:07", "text": "likely halfway through, maybe in the"}, {"start": "00:08:05", "end": "00:08:10", "text": "mid-30s. That's why I've got a"}, {"start": "00:08:07", "end": "00:08:12", "text": "conservative target also around 43 to to"}, {"start": "00:08:10", "end": "00:08:16", "text": "58 because there was a fair bit of"}, {"start": "00:08:12", "end": "00:08:19", "text": "resistance and support through the last"}, {"start": "00:08:16", "end": "00:08:22", "text": "say four or five years in that zone. So"}, {"start": "00:08:19", "end": "00:08:25", "text": "two two scenarios worst case between the"}, {"start": "00:08:22", "end": "00:08:28", "text": "the 30 and the 43 conservatively"}, {"start": "00:08:25", "end": "00:08:30", "text": "somewhere between 43 and 58."}, {"start": "00:08:28", "end": "00:08:33", "text": ">> Jason can I be honest with you man?"}, {"start": "00:08:30", "end": "00:08:36", "text": ">> Yes sir. That's bullish to me only"}, {"start": "00:08:33", "end": "00:08:37", "text": "because that's like if you accept that"}, {"start": "00:08:36", "end": "00:08:40", "text": "we're in a bare market and you've wrote"}, {"start": "00:08:37", "end": "00:08:43", "text": "it all the way here, it's like the we're"}, {"start": "00:08:40", "end": "00:08:44", "text": "in the bottoming process and 35 would be"}, {"start": "00:08:43", "end": "00:08:47", "text": "a great buying opportunity if we're just"}, {"start": "00:08:44", "end": "00:08:50", "text": "in between 35 and 55 or or 70 or"}, {"start": "00:08:47", "end": "00:08:52", "text": "whatever for the next 6 months. It's"}, {"start": "00:08:50", "end": "00:08:55", "text": "we're at the beginning of the end."}, {"start": "00:08:52", "end": "00:08:56", "text": ">> Yes. Yeah. I I think it is a beginning"}, {"start": "00:08:55", "end": "00:08:58", "text": "of the end, especially when you look at"}, {"start": "00:08:56", "end": "00:09:01", "text": "it from a timebased perspective. We're"}, {"start": "00:08:58", "end": "00:09:05", "text": "into the eighth month of the bare"}, {"start": "00:09:01", "end": "00:09:06", "text": "market. And I know by now most people"}, {"start": "00:09:05", "end": "00:09:10", "text": "have heard of the bare markets running"}, {"start": "00:09:06", "end": "00:09:13", "text": "about 12 months. Last uh, you know, 2022"}, {"start": "00:09:10", "end": "00:09:16", "text": "was 12 months, 2018 was 12 months, 2014"}, {"start": "00:09:13", "end": "00:09:19", "text": "was about 14 months. So, we're in the"}, {"start": "00:09:16", "end": "00:09:21", "text": "eighth month, maybe 2/ird of the way"}, {"start": "00:09:19", "end": "00:09:22", "text": "through. And I know a lot of people are"}, {"start": "00:09:21", "end": "00:09:26", "text": "looking at that October date, which is"}, {"start": "00:09:22", "end": "00:09:28", "text": "why I'm keeping quarter 3 open as a"}, {"start": "00:09:26", "end": "00:09:30", "text": "possibility, just a little shorter than"}, {"start": "00:09:28", "end": "00:09:32", "text": "what people are used to. And obviously,"}, {"start": "00:09:30", "end": "00:09:36", "text": "we have to assess once we get there. I'm"}, {"start": "00:09:32", "end": "00:09:38", "text": "not I'm definitely not calling for a,"}, {"start": "00:09:36", "end": "00:09:40", "text": "you know, Bitcoin must hit 30 grand"}, {"start": "00:09:38", "end": "00:09:42", "text": "before the cycle's over. We heard all"}, {"start": "00:09:40", "end": "00:09:44", "text": "about that sort of thing last cycle. I"}, {"start": "00:09:42", "end": "00:09:45", "text": "remember, you know, you recall that"}, {"start": "00:09:44", "end": "00:09:47", "text": "there was all the guys talking about"}, {"start": "00:09:45", "end": "00:09:49", "text": "Bitcoin had to go to 12 grand and then"}, {"start": "00:09:47", "end": "00:09:51", "text": "they got greedy and said 9 grand and"}, {"start": "00:09:49", "end": "00:09:53", "text": "then they said three grand. And I think"}, {"start": "00:09:51", "end": "00:09:55", "text": "it's just a matter of just watching how"}, {"start": "00:09:53", "end": "00:09:57", "text": "the market reacts. If you don't catch"}, {"start": "00:09:55", "end": "00:09:59", "text": "the bottom, it's no big deal. You can"}, {"start": "00:09:57", "end": "00:10:00", "text": "get it on the rally. At the time, you"}, {"start": "00:09:59", "end": "00:10:02", "text": "sound like an idiot. You know, oh, you"}, {"start": "00:10:00", "end": "00:10:05", "text": "missed out on look at that 40% gains in"}, {"start": "00:10:02", "end": "00:10:07", "text": "January. But you look back on the cycle"}, {"start": "00:10:05", "end": "00:10:09", "text": "and it's really not that bad if you wait"}, {"start": "00:10:07", "end": "00:10:13", "text": "for confirmation, which is your"}, {"start": "00:10:09", "end": "00:10:15", "text": "insurance plan, to know that you're most"}, {"start": "00:10:13", "end": "00:10:16", "text": "likely getting the low. Otherwise,"}, {"start": "00:10:15", "end": "00:10:18", "text": "you're just playing the catching the"}, {"start": "00:10:16", "end": "00:10:20", "text": "falling knife game. You keep getting cut"}, {"start": "00:10:18", "end": "00:10:22", "text": "up on the way down."}, {"start": "00:10:20", "end": "00:10:24", "text": ">> I guess sometimes when I watch your"}, {"start": "00:10:22", "end": "00:10:25", "text": "content, I'm a subscriber link down"}, {"start": "00:10:24", "end": "00:10:27", "text": "below. I know a lot of my audience"}, {"start": "00:10:25", "end": "00:10:29", "text": "already follows, but when I watch some"}, {"start": "00:10:27", "end": "00:10:31", "text": "of it and I see you talking about the"}, {"start": "00:10:29", "end": "00:10:34", "text": "18-year cycle for that's real estate, I"}, {"start": "00:10:31", "end": "00:10:36", "text": "I get the impression you're a bear. Like"}, {"start": "00:10:34", "end": "00:10:38", "text": "we're about to have this mega, you know,"}, {"start": "00:10:36", "end": "00:10:40", "text": "alter recession that we do every 18"}, {"start": "00:10:38", "end": "00:10:42", "text": "years. Should I not think about it that"}, {"start": "00:10:40", "end": "00:10:44", "text": "way for crypto or what what should I how"}, {"start": "00:10:42", "end": "00:10:46", "text": "should I think about it?"}, {"start": "00:10:44", "end": "00:10:48", "text": "I think you should have it at this"}, {"start": "00:10:46", "end": "00:10:50", "text": "stage. You should have it in the back of"}, {"start": "00:10:48", "end": "00:10:54", "text": "your mind that if we do get another bull"}, {"start": "00:10:50", "end": "00:10:57", "text": "market in this period of the next 12 to"}, {"start": "00:10:54", "end": "00:10:59", "text": "18 months perhaps that you don't let it"}, {"start": "00:10:57", "end": "00:11:01", "text": "go to your head like every other bull"}, {"start": "00:10:59", "end": "00:11:02", "text": "market. Not saying that you do, but this"}, {"start": "00:11:01", "end": "00:11:04", "text": "is what happens during those bull"}, {"start": "00:11:02", "end": "00:11:06", "text": "markets where people think it's going to"}, {"start": "00:11:04", "end": "00:11:07", "text": "go on forever and then all the"}, {"start": "00:11:06", "end": "00:11:09", "text": "narratives start to build on why it"}, {"start": "00:11:07", "end": "00:11:11", "text": "should go on forever forever. and then"}, {"start": "00:11:09", "end": "00:11:14", "text": "the targets come out from Sailor and"}, {"start": "00:11:11", "end": "00:11:16", "text": "Kathy Wood and all sorts. That's the"}, {"start": "00:11:14", "end": "00:11:19", "text": "sort of stuff that I think you really"}, {"start": "00:11:16", "end": "00:11:21", "text": "need to be aware of in this next cycle"}, {"start": "00:11:19", "end": "00:11:23", "text": "should we get another nice big bull"}, {"start": "00:11:21", "end": "00:11:26", "text": "market that takes out the highs. So,"}, {"start": "00:11:23", "end": "00:11:28", "text": "it's really I guess I'm playing it"}, {"start": "00:11:26", "end": "00:11:30", "text": "conservative in the next cycle as"}, {"start": "00:11:28", "end": "00:11:33", "text": "opposed to just this is the next"}, {"start": "00:11:30", "end": "00:11:34", "text": "greatest thing that is going to save the"}, {"start": "00:11:33", "end": "00:11:37", "text": "world."}, {"start": "00:11:34", "end": "00:11:39", "text": ">> So, you don't believe a depression is"}, {"start": "00:11:37", "end": "00:11:41", "text": "coming?"}, {"start": "00:11:39", "end": "00:11:45", "text": "Maybe it's a recession at worst, but you"}, {"start": "00:11:41", "end": "00:11:48", "text": "don't believe anything major is coming."}, {"start": "00:11:45", "end": "00:11:51", "text": ">> I think it's going to be worse than"}, {"start": "00:11:48", "end": "00:11:54", "text": "anything we've seen in the last uh what"}, {"start": "00:11:51", "end": "00:11:57", "text": "is that 16 or so years."}, {"start": "00:11:54", "end": "00:11:59", "text": "And what do I what I mean is what we're"}, {"start": "00:11:57", "end": "00:12:02", "text": "going to experience by the end of this"}, {"start": "00:11:59", "end": "00:12:04", "text": "decade, by the end of 2030, like you"}, {"start": "00:12:02", "end": "00:12:05", "text": "know, the next four four or so years, I"}, {"start": "00:12:04", "end": "00:12:07", "text": "think we'll get into some sort of"}, {"start": "00:12:05", "end": "00:12:09", "text": "recession"}, {"start": "00:12:07", "end": "00:12:13", "text": "like 2008. It's not going to be the same"}, {"start": "00:12:09", "end": "00:12:16", "text": "as 2008, but we haven't seen anything"}, {"start": "00:12:13", "end": "00:12:19", "text": "that bad in"}, {"start": "00:12:16", "end": "00:12:22", "text": "18 years now. So, I don't know if it's"}, {"start": "00:12:19", "end": "00:12:23", "text": "going to be a depression like 1929. I"}, {"start": "00:12:22", "end": "00:12:25", "text": "don't know if it's going to be the great"}, {"start": "00:12:23", "end": "00:12:28", "text": "recession like 2008. I think it's going"}, {"start": "00:12:25", "end": "00:12:30", "text": "to be something similar to that because"}, {"start": "00:12:28", "end": "00:12:31", "text": "it's for one, we're getting to the end"}, {"start": "00:12:30", "end": "00:12:34", "text": "of the cycle and we're seeing everything"}, {"start": "00:12:31", "end": "00:12:36", "text": "else converge like the uh uh the data"}, {"start": "00:12:34", "end": "00:12:38", "text": "that I rattled off the inflation and"}, {"start": "00:12:36", "end": "00:12:41", "text": "prices increasing and then beginning to"}, {"start": "00:12:38", "end": "00:12:43", "text": "to stabilize. Uh we're seeing the"}, {"start": "00:12:41", "end": "00:12:44", "text": "volatility in the stock market and so"}, {"start": "00:12:43", "end": "00:12:47", "text": "on. So, I think we're getting to that"}, {"start": "00:12:44", "end": "00:12:49", "text": "point now in the business cycle where"}, {"start": "00:12:47", "end": "00:12:52", "text": "we're due for one of these significant"}, {"start": "00:12:49", "end": "00:12:53", "text": "corrections, but I'm not calling it now"}, {"start": "00:12:52", "end": "00:12:55", "text": "because the stock market is still"}, {"start": "00:12:53", "end": "00:13:00", "text": "running. Like, I don't want to be that"}, {"start": "00:12:55", "end": "00:13:01", "text": "doomer that prepares indefinitely and um"}, {"start": "00:13:00", "end": "00:13:03", "text": "in the hopes that it happens. I think I"}, {"start": "00:13:01", "end": "00:13:05", "text": "just follow the chart for my investments"}, {"start": "00:13:03", "end": "00:13:07", "text": "and then I think that thing will happen,"}, {"start": "00:13:05", "end": "00:13:10", "text": "but I got to wait to see what happens on"}, {"start": "00:13:07", "end": "00:13:12", "text": "the charts first. In the next four"}, {"start": "00:13:10", "end": "00:13:16", "text": "years, what is the best market to be in"}, {"start": "00:13:12", "end": "00:13:18", "text": "and what is the worst market to be in?"}, {"start": "00:13:16", "end": "00:13:20", "text": ">> Oh, tough tough questions. I mean, it's"}, {"start": "00:13:18", "end": "00:13:24", "text": "tough at the best of times."}, {"start": "00:13:20", "end": "00:13:24", "text": "The best market"}, {"start": "00:13:25", "end": "00:13:30", "text": ">> or take it down to a two-year time."}, {"start": "00:13:27", "end": "00:13:33", "text": "Maybe four years is too long."}, {"start": "00:13:30", "end": "00:13:35", "text": ">> Two years. Right now, the way I look at"}, {"start": "00:13:33", "end": "00:13:36", "text": "it, I don't go all in on anything. So, I"}, {"start": "00:13:35", "end": "00:13:38", "text": "need to preface it with this first. I"}, {"start": "00:13:36", "end": "00:13:41", "text": "don't go all in on one thing and nothing"}, {"start": "00:13:38", "end": "00:13:43", "text": "on the other because no one knows. But"}, {"start": "00:13:41", "end": "00:13:45", "text": "these next couple of years, you could"}, {"start": "00:13:43", "end": "00:13:49", "text": "have some exposure to tech, some"}, {"start": "00:13:45", "end": "00:13:52", "text": "exposure to the stock market. We just"}, {"start": "00:13:49", "end": "00:13:56", "text": "don't know, right? But I'm getting much"}, {"start": "00:13:52", "end": "00:13:58", "text": "more heavy on cash. Whether it's USD,"}, {"start": "00:13:56", "end": "00:14:01", "text": "whether it's my home currency of AUD,"}, {"start": "00:13:58", "end": "00:14:04", "text": "I'm getting heavier on cash because it"}, {"start": "00:14:01", "end": "00:14:07", "text": "seems like everything has had a decent"}, {"start": "00:14:04", "end": "00:14:09", "text": "run. And I think the market is really"}, {"start": "00:14:07", "end": "00:14:10", "text": "just trying to find that next thing"}, {"start": "00:14:09", "end": "00:14:13", "text": "that's going to run. And we've seen that"}, {"start": "00:14:10", "end": "00:14:14", "text": "rotation through almost all of the asset"}, {"start": "00:14:13", "end": "00:14:17", "text": "classes. You know, we're getting to the"}, {"start": "00:14:14", "end": "00:14:19", "text": "point now that"}, {"start": "00:14:17", "end": "00:14:21", "text": "um commodities have also had their run."}, {"start": "00:14:19", "end": "00:14:23", "text": "You know, gold's run pretty hard. It's"}, {"start": "00:14:21", "end": "00:14:26", "text": "pulling back. It could be another thing"}, {"start": "00:14:23", "end": "00:14:28", "text": "that goes this this decade. Um oil"}, {"start": "00:14:26", "end": "00:14:30", "text": "potentially, but it's at the moment"}, {"start": "00:14:28", "end": "00:14:31", "text": "breaking down. You know, everything has"}, {"start": "00:14:30", "end": "00:14:33", "text": "had this bit of a pump and I think"}, {"start": "00:14:31", "end": "00:14:36", "text": "investors are really trying to find"}, {"start": "00:14:33", "end": "00:14:38", "text": "what's going to be next. But everything"}, {"start": "00:14:36", "end": "00:14:40", "text": "has had a run. So that's why I'm going a"}, {"start": "00:14:38", "end": "00:14:42", "text": "little more in cash because the"}, {"start": "00:14:40", "end": "00:14:44", "text": "opportunities just haven't really"}, {"start": "00:14:42", "end": "00:14:45", "text": "presented themselves yet."}, {"start": "00:14:44", "end": "00:14:48", "text": ">> So you're saying be in cash, ready for"}, {"start": "00:14:45", "end": "00:14:50", "text": "the best markets, quote unquote. What's"}, {"start": "00:14:48", "end": "00:14:51", "text": "the worst markets? Would they be bonds?"}, {"start": "00:14:50", "end": "00:14:54", "text": "What would you not touch? Would they be"}, {"start": "00:14:51", "end": "00:14:58", "text": "altcoins?"}, {"start": "00:14:54", "end": "00:15:00", "text": ">> I Yes. Simply put, I'd say altcoins. I"}, {"start": "00:14:58", "end": "00:15:02", "text": "know we're at We're on altcoin daily."}, {"start": "00:15:00", "end": "00:15:04", "text": "I'm I'm very sorry, but"}, {"start": "00:15:02", "end": "00:15:05", "text": ">> Exactly. I'm not going to sugar coat it."}, {"start": "00:15:04", "end": "00:15:07", "text": "I'm not going to I'm not trying to sell"}, {"start": "00:15:05", "end": "00:15:10", "text": "you anything on the alt coins and"}, {"start": "00:15:07", "end": "00:15:13", "text": "whatnot, but yeah, I just I don't like"}, {"start": "00:15:10", "end": "00:15:14", "text": "risk like very high risk assets. Things"}, {"start": "00:15:13", "end": "00:15:18", "text": "that are really far up on that risk"}, {"start": "00:15:14", "end": "00:15:21", "text": "curve of basically a speculative gamble."}, {"start": "00:15:18", "end": "00:15:24", "text": "Um you can see more of that money in the"}, {"start": "00:15:21", "end": "00:15:26", "text": "traditional markets have moved to"}, {"start": "00:15:24", "end": "00:15:28", "text": "commodities and businesses that make"}, {"start": "00:15:26", "end": "00:15:31", "text": "profits. Yes, we have the speculation on"}, {"start": "00:15:28", "end": "00:15:32", "text": "AI of course, so not all of it's gone"}, {"start": "00:15:31", "end": "00:15:34", "text": "there yet, but that's that's normal. But"}, {"start": "00:15:32", "end": "00:15:37", "text": "you've seen more money flow into"}, {"start": "00:15:34", "end": "00:15:40", "text": "commodities like oil, like energies,"}, {"start": "00:15:37", "end": "00:15:41", "text": "like uh agriculture. We've seen that"}, {"start": "00:15:40", "end": "00:15:43", "text": "start to move as well, although it's"}, {"start": "00:15:41", "end": "00:15:47", "text": "having a pullback over the last few"}, {"start": "00:15:43", "end": "00:15:49", "text": "weeks. You've seen the money go to um uh"}, {"start": "00:15:47", "end": "00:15:51", "text": "obviously cash as well. The yields have"}, {"start": "00:15:49", "end": "00:15:53", "text": "continued to increase. So, you're"}, {"start": "00:15:51", "end": "00:15:57", "text": "getting 5% on your 30 years, 4% on your"}, {"start": "00:15:53", "end": "00:15:59", "text": "two years. Uh yeah, it's just it's hard"}, {"start": "00:15:57", "end": "00:16:02", "text": "to see it going back into risk assets,"}, {"start": "00:15:59", "end": "00:16:04", "text": "high-risisk assets until we do get a"}, {"start": "00:16:02", "end": "00:16:06", "text": "significant pullback."}, {"start": "00:16:04", "end": "00:16:09", "text": "I I totally agree with you on altcoins."}, {"start": "00:16:06", "end": "00:16:11", "text": "I guess the only difference is I'm try I"}, {"start": "00:16:09", "end": "00:16:13", "text": "think 95 99% of them will go to zero."}, {"start": "00:16:11", "end": "00:16:16", "text": "We're seeing a lot of that now. I'm"}, {"start": "00:16:13", "end": "00:16:18", "text": "trying to find the 1% that I that in"}, {"start": "00:16:16", "end": "00:16:20", "text": "this centralized world where the big"}, {"start": "00:16:18", "end": "00:16:21", "text": "entities control everything. You know,"}, {"start": "00:16:20", "end": "00:16:23", "text": "the cryptocurrency allows us whether"}, {"start": "00:16:21", "end": "00:16:25", "text": "that's AI, whether that's smart"}, {"start": "00:16:23", "end": "00:16:26", "text": "contracts to eliminate that middleman."}, {"start": "00:16:25", "end": "00:16:29", "text": "And I do think that there's a place for"}, {"start": "00:16:26", "end": "00:16:31", "text": "that. Obviously, in an decentralized"}, {"start": "00:16:29", "end": "00:16:34", "text": "permissionless market, you get 99%"}, {"start": "00:16:31", "end": "00:16:36", "text": "garbage and then I'm I'm betting that"}, {"start": "00:16:34", "end": "00:16:39", "text": "the 1% rise to the top. Um, but that's"}, {"start": "00:16:36", "end": "00:16:41", "text": "the risk I take."}, {"start": "00:16:39", "end": "00:16:44", "text": "Yeah, it's it's hard to see it at the"}, {"start": "00:16:41", "end": "00:16:45", "text": "moment with the chart at least and I"}, {"start": "00:16:44", "end": "00:16:46", "text": "know other people base it on"}, {"start": "00:16:45", "end": "00:16:48", "text": "fundamentals and there's probably some"}, {"start": "00:16:46", "end": "00:16:50", "text": "strong fundamentals out there. I'm just"}, {"start": "00:16:48", "end": "00:16:52", "text": "I just can't see it yet with the prices"}, {"start": "00:16:50", "end": "00:16:54", "text": "continuing to fall. So, I want to wait"}, {"start": "00:16:52", "end": "00:16:56", "text": "to see whether we get any any chart that"}, {"start": "00:16:54", "end": "00:16:57", "text": "looks like this as an example. You know,"}, {"start": "00:16:56", "end": "00:16:59", "text": "you get the accumulation and the"}, {"start": "00:16:57", "end": "00:17:01", "text": "breakout that's going to tell me maybe"}, {"start": "00:16:59", "end": "00:17:03", "text": "there is something here. I totally agree"}, {"start": "00:17:01", "end": "00:17:05", "text": "with you and that's going to help me"}, {"start": "00:17:03", "end": "00:17:07", "text": "find the winners by like it's healthy to"}, {"start": "00:17:05", "end": "00:17:09", "text": "like have all this uh you know get the"}, {"start": "00:17:07", "end": "00:17:10", "text": "liquidity out because then the winners"}, {"start": "00:17:09", "end": "00:17:12", "text": "can emerge."}, {"start": "00:17:10", "end": "00:17:13", "text": ">> Let's totally pivot. Let's totally"}, {"start": "00:17:12", "end": "00:17:14", "text": "pivot. Jason,"}, {"start": "00:17:13", "end": "00:17:18", "text": ">> that's okay."}, {"start": "00:17:14", "end": "00:17:20", "text": ">> What do you think of MSTR Michael Sailor"}, {"start": "00:17:18", "end": "00:17:21", "text": "Strategy? I know you have a video coming"}, {"start": "00:17:20", "end": "00:17:23", "text": "out about this, so I know you have"}, {"start": "00:17:21", "end": "00:17:26", "text": "opinions."}, {"start": "00:17:23", "end": "00:17:29", "text": "MSTR. I don't I didn't even see that as"}, {"start": "00:17:26", "end": "00:17:32", "text": "a full pivot, but let's let's pivot into"}, {"start": "00:17:29", "end": "00:17:34", "text": "Micro Strategy. I do like it. Uh sorry,"}, {"start": "00:17:32", "end": "00:17:37", "text": "I do like the pivot to Micro Strategy. I"}, {"start": "00:17:34", "end": "00:17:40", "text": "don't like Micro Strategy as a stock"}, {"start": "00:17:37", "end": "00:17:42", "text": "that looks pretty sick. You've we've"}, {"start": "00:17:40", "end": "00:17:44", "text": "obviously seen that collapse. We've I"}, {"start": "00:17:42", "end": "00:17:49", "text": "mean I I was talking about this"}, {"start": "00:17:44", "end": "00:17:51", "text": "throughout the cycle and the"}, {"start": "00:17:49", "end": "00:17:53", "text": "the way that the chart has has worked"}, {"start": "00:17:51", "end": "00:17:55", "text": "out has been almost identical to the"}, {"start": "00:17:53", "end": "00:17:59", "text": "prior cycle. I think you've heard me say"}, {"start": "00:17:55", "end": "00:18:02", "text": "that before. And all the way down to the"}, {"start": "00:17:59", "end": "00:18:04", "text": "point of the rallies"}, {"start": "00:18:02", "end": "00:18:06", "text": "within the bare market are almost timing"}, {"start": "00:18:04", "end": "00:18:08", "text": "to perfection. You can see the"}, {"start": "00:18:06", "end": "00:18:11", "text": "capitulation low. So this is a big"}, {"start": "00:18:08", "end": "00:18:13", "text": "capitulation from last cycle. The rally"}, {"start": "00:18:11", "end": "00:18:16", "text": "was 13 weeks, collapsed on the 14th"}, {"start": "00:18:13", "end": "00:18:20", "text": "week. And then this cycle, you can see"}, {"start": "00:18:16", "end": "00:18:23", "text": "there's a capitulation low, rallied 13th"}, {"start": "00:18:20", "end": "00:18:25", "text": "week, started to collapse on the 14th"}, {"start": "00:18:23", "end": "00:18:26", "text": "week. And I could go back through a"}, {"start": "00:18:25", "end": "00:18:28", "text": "number of examples all the way into"}, {"start": "00:18:26", "end": "00:18:30", "text": "these alltime uh sorry, the lower highs,"}, {"start": "00:18:28", "end": "00:18:32", "text": "the all-time highs, the breakdown"}, {"start": "00:18:30", "end": "00:18:35", "text": "points. It's almost been identical to"}, {"start": "00:18:32", "end": "00:18:37", "text": "last cycle. So what I think with Micro"}, {"start": "00:18:35", "end": "00:18:40", "text": "Strategy, the closer we get to this 100"}, {"start": "00:18:37", "end": "00:18:42", "text": "105 support, uh obviously that just"}, {"start": "00:18:40", "end": "00:18:45", "text": "increases the chance we're about to"}, {"start": "00:18:42", "end": "00:18:47", "text": "break down from it, which would be a"}, {"start": "00:18:45", "end": "00:18:49", "text": "little which would be definitely weaker"}, {"start": "00:18:47", "end": "00:18:52", "text": "than last cycle. You can see last cycle"}, {"start": "00:18:49", "end": "00:18:55", "text": "it it held support at its capitulation"}, {"start": "00:18:52", "end": "00:18:58", "text": "low. This cycle it's a little closer at"}, {"start": "00:18:55", "end": "00:19:00", "text": "this point. So"}, {"start": "00:18:58", "end": "00:19:03", "text": "yeah, this breaks, I think Micro Micro"}, {"start": "00:19:00", "end": "00:19:05", "text": "Strategy is going to be weaker in this"}, {"start": "00:19:03", "end": "00:19:07", "text": "next move, which means"}, {"start": "00:19:05", "end": "00:19:09", "text": "unlikely it's going to reach another new"}, {"start": "00:19:07", "end": "00:19:12", "text": "all-time high."}, {"start": "00:19:09", "end": "00:19:15", "text": "But if Bitcoin, let's say in 2027, end"}, {"start": "00:19:12", "end": "00:19:18", "text": "of 2027, Bitcoin's close to 100K again,"}, {"start": "00:19:15", "end": "00:19:21", "text": "that's reasonable, I believe. Um,"}, {"start": "00:19:18", "end": "00:19:24", "text": ">> you don't think MSTR will act as the the"}, {"start": "00:19:21", "end": "00:19:26", "text": "beta play and pump more?"}, {"start": "00:19:24", "end": "00:19:27", "text": "I mean, even if it did pump more, we got"}, {"start": "00:19:26", "end": "00:19:30", "text": "to see where the low comes in first. Say"}, {"start": "00:19:27", "end": "00:19:32", "text": "the low is 100 bucks. If Bitcoin went"}, {"start": "00:19:30", "end": "00:19:36", "text": "from 60 grand, which where it is now, to"}, {"start": "00:19:32", "end": "00:19:38", "text": "100, that's not even a double. And Micro"}, {"start": "00:19:36", "end": "00:19:40", "text": "Strategy, if it was a beta player and it"}, {"start": "00:19:38", "end": "00:19:43", "text": "was 2x or 3x, that's only going to bring"}, {"start": "00:19:40", "end": "00:19:44", "text": "it to 300 bucks. Best case, 400, and"}, {"start": "00:19:43", "end": "00:19:47", "text": "it's still not an all-time high. Micro"}, {"start": "00:19:44", "end": "00:19:49", "text": "Strategy has to go what, four times,"}, {"start": "00:19:47", "end": "00:19:54", "text": "five times, six times. Has to go above"}, {"start": "00:19:49", "end": "00:19:55", "text": "540 bucks. So, I think I think a lot of"}, {"start": "00:19:54", "end": "00:19:59", "text": "that juice has been taken out already"}, {"start": "00:19:55", "end": "00:20:02", "text": "from this cycle. And"}, {"start": "00:19:59", "end": "00:20:03", "text": "it's going to take something that I"}, {"start": "00:20:02", "end": "00:20:05", "text": "can't even think of right now to get it"}, {"start": "00:20:03", "end": "00:20:06", "text": "back to those levels. All of the"}, {"start": "00:20:05", "end": "00:20:09", "text": "previous promises that Sailor has given"}, {"start": "00:20:06", "end": "00:20:11", "text": "us over the last cycle, I think that's"}, {"start": "00:20:09", "end": "00:20:12", "text": "worn out on the market now. So, he's got"}, {"start": "00:20:11", "end": "00:20:14", "text": "to come up with something else. Kind of"}, {"start": "00:20:12", "end": "00:20:16", "text": "like Elon Musk with Tesla. He's always"}, {"start": "00:20:14", "end": "00:20:18", "text": "coming up with something else to get"}, {"start": "00:20:16", "end": "00:20:21", "text": "this valuation. And Tesla, what was"}, {"start": "00:20:18", "end": "00:20:23", "text": "Tesla at? 100 times valuation or 300"}, {"start": "00:20:21", "end": "00:20:26", "text": "times valuation is insane. You know, it"}, {"start": "00:20:23", "end": "00:20:28", "text": "was cars and then it was the solar and"}, {"start": "00:20:26", "end": "00:20:29", "text": "then obviously people say it's got to do"}, {"start": "00:20:28", "end": "00:20:31", "text": "with the electric cars and so on and"}, {"start": "00:20:29", "end": "00:20:32", "text": "then it gets into robotics and then AI"}, {"start": "00:20:31", "end": "00:20:35", "text": "and then space. It's just one bigger"}, {"start": "00:20:32", "end": "00:20:37", "text": "dream upon the next. I don't know if"}, {"start": "00:20:35", "end": "00:20:41", "text": "Sailor's got that this time"}, {"start": "00:20:37", "end": "00:20:43", "text": ">> yet. He just did. STRC was his it got it"}, {"start": "00:20:41", "end": "00:20:44", "text": "was a huge success in the three months."}, {"start": "00:20:43", "end": "00:20:47", "text": "I don't know if it'll be a success three"}, {"start": "00:20:44", "end": "00:20:48", "text": "more months,"}, {"start": "00:20:47", "end": "00:20:50", "text": ">> you know."}, {"start": "00:20:48", "end": "00:20:52", "text": ">> Um has been around for over a year, but"}, {"start": "00:20:50", "end": "00:20:54", "text": "I mean just in the last six months, it's"}, {"start": "00:20:52", "end": "00:20:56", "text": "it's accumulated a lot of Bitcoin. Right"}, {"start": "00:20:54", "end": "00:20:59", "text": "now, it's under the peg, so I'm not"}, {"start": "00:20:56", "end": "00:21:01", "text": "claiming anything for the next months,"}, {"start": "00:20:59", "end": "00:21:04", "text": "but the amount of Bitcoin they bought"}, {"start": "00:21:01", "end": "00:21:07", "text": "was the success. I'm saying,"}, {"start": "00:21:04", "end": "00:21:09", "text": ">> yeah. Uh I I don't want to say anything"}, {"start": "00:21:07", "end": "00:21:12", "text": "bad about it. If I just look at this"}, {"start": "00:21:09", "end": "00:21:13", "text": "from a chart perspective"}, {"start": "00:21:12", "end": "00:21:16", "text": "and"}, {"start": "00:21:13", "end": "00:21:18", "text": "like say it how I see it on this, this"}, {"start": "00:21:16", "end": "00:21:23", "text": "just reminds me of the deep pegging"}, {"start": "00:21:18", "end": "00:21:25", "text": "nature of stable coins through 2022."}, {"start": "00:21:23", "end": "00:21:30", "text": "Eventually something deps it breaks and"}, {"start": "00:21:25", "end": "00:21:32", "text": "then people run for the exit. So yeah, I"}, {"start": "00:21:30", "end": "00:21:35", "text": "I don't know how much, you know, buying"}, {"start": "00:21:32", "end": "00:21:38", "text": "Bitcoin is a is a big dream because"}, {"start": "00:21:35", "end": "00:21:40", "text": "everyone's kind of done that already. Is"}, {"start": "00:21:38", "end": "00:21:43", "text": "that enough to keep the thing going? You"}, {"start": "00:21:40", "end": "00:21:45", "text": "know, I just don't want to get into the"}, {"start": "00:21:43", "end": "00:21:47", "text": "way of talking negative about anything."}, {"start": "00:21:45", "end": "00:21:49", "text": "I just focus on the chart and it just"}, {"start": "00:21:47", "end": "00:21:51", "text": "looks like we're getting to a point of"}, {"start": "00:21:49", "end": "00:21:53", "text": "deping."}, {"start": "00:21:51", "end": "00:21:55", "text": ">> I appreciate that. Let's jump Let's then"}, {"start": "00:21:53", "end": "00:21:57", "text": "let's jump off of strategy and get back"}, {"start": "00:21:55", "end": "00:22:00", "text": "to Bitcoin."}, {"start": "00:21:57", "end": "00:22:04", "text": "Let me paint the bull picture for you."}, {"start": "00:22:00", "end": "00:22:07", "text": ">> Oh, please. Yes. Goldman Sachs, Morgan"}, {"start": "00:22:04", "end": "00:22:10", "text": "Stanley, BlackRock, obviously"}, {"start": "00:22:07", "end": "00:22:12", "text": "uh all these mega entities are getting"}, {"start": "00:22:10", "end": "00:22:14", "text": "in offering products. They're not taking"}, {"start": "00:22:12", "end": "00:22:16", "text": "aside one or the other. They're offering"}, {"start": "00:22:14", "end": "00:22:19", "text": "products to sell to their uh millions of"}, {"start": "00:22:16", "end": "00:22:22", "text": "asset under management clients. Mega"}, {"start": "00:22:19", "end": "00:22:25", "text": "trend AI is a mega trend and I would say"}, {"start": "00:22:22", "end": "00:22:26", "text": "a sub mega trend. Next to it is"}, {"start": "00:22:25", "end": "00:22:30", "text": "tokenization"}, {"start": "00:22:26", "end": "00:22:32", "text": "that's only getting bigger."}, {"start": "00:22:30", "end": "00:22:34", "text": "What if you're underthinking that? I I'm"}, {"start": "00:22:32", "end": "00:22:35", "text": "not say I think this year I totally"}, {"start": "00:22:34", "end": "00:22:37", "text": "agree with you. We got to let everything"}, {"start": "00:22:35", "end": "00:22:39", "text": "consolidate. We have to see life in the"}, {"start": "00:22:37", "end": "00:22:42", "text": "chart again. That's going to take six"}, {"start": "00:22:39", "end": "00:22:44", "text": "months. But Bitcoin could be much much"}, {"start": "00:22:42", "end": "00:22:46", "text": "bigger after that consolidation because"}, {"start": "00:22:44", "end": "00:22:48", "text": "of all these new players that are"}, {"start": "00:22:46", "end": "00:22:50", "text": "entering the space offering products"}, {"start": "00:22:48", "end": "00:22:53", "text": "giving their seal of approval which has"}, {"start": "00:22:50", "end": "00:22:55", "text": "never been seen in Bitcoin."}, {"start": "00:22:53", "end": "00:22:58", "text": ">> Are they sealing the approval in what"}, {"start": "00:22:55", "end": "00:23:00", "text": "exactly? Well, Morgan Stanley released"}, {"start": "00:22:58", "end": "00:23:01", "text": "an ETF, Bitcoin ETF. They didn't have to"}, {"start": "00:23:00", "end": "00:23:04", "text": "do that. They could have used other"}, {"start": "00:23:01", "end": "00:23:06", "text": "ETFs. They're now going on interviews"}, {"start": "00:23:04", "end": "00:23:07", "text": "explaining why they believe in Bitcoin,"}, {"start": "00:23:06", "end": "00:23:09", "text": "why they chose to do it. That's very"}, {"start": "00:23:07", "end": "00:23:13", "text": "rare they would offer that."}, {"start": "00:23:09", "end": "00:23:16", "text": ">> Uh I mean, Larry Frink, we all love him."}, {"start": "00:23:13", "end": "00:23:18", "text": "Uh he is uh going he is uh bullish on"}, {"start": "00:23:16", "end": "00:23:19", "text": "Bitcoin. I mean, I'm just saying we"}, {"start": "00:23:18", "end": "00:23:20", "text": "haven't seen these major players give"}, {"start": "00:23:19", "end": "00:23:23", "text": "their seal of approval, which opens up"}, {"start": "00:23:20", "end": "00:23:26", "text": "new pools of capital."}, {"start": "00:23:23", "end": "00:23:29", "text": "And you think maybe this could be the"}, {"start": "00:23:26", "end": "00:23:31", "text": "the precursor to the next bull market."}, {"start": "00:23:29", "end": "00:23:33", "text": ">> I think based on our last conversation"}, {"start": "00:23:31", "end": "00:23:34", "text": "multiple months ago, you're like, I"}, {"start": "00:23:33", "end": "00:23:36", "text": "think we'll be in Bitcoin will do good"}, {"start": "00:23:34", "end": "00:23:38", "text": "again, but it might not it might not hit"}, {"start": "00:23:36", "end": "00:23:40", "text": "alltime highs again or it might"}, {"start": "00:23:38", "end": "00:23:43", "text": "underperform. I think your most bullish"}, {"start": "00:23:40", "end": "00:23:45", "text": "scenario is like 160 to follow the trend"}, {"start": "00:23:43", "end": "00:23:49", "text": "if in four years from now or two years"}, {"start": "00:23:45", "end": "00:23:52", "text": "from now, four two to four. Um I think"}, {"start": "00:23:49", "end": "00:23:55", "text": "that I mean it what if it's bigger? I'm"}, {"start": "00:23:52", "end": "00:23:56", "text": "just I hold a bag. I'm trying to trying"}, {"start": "00:23:55", "end": "00:23:58", "text": "to pump my bag."}, {"start": "00:23:56", "end": "00:24:00", "text": ">> Yeah. Yeah. No, I get you. So, I think"}, {"start": "00:23:58", "end": "00:24:03", "text": "the most bullish would probably be like"}, {"start": "00:24:00", "end": "00:24:05", "text": "150 to 180 at this stage. I I'll do some"}, {"start": "00:24:03", "end": "00:24:08", "text": "recalculations as we get to the low and"}, {"start": "00:24:05", "end": "00:24:10", "text": "come out of that low. The whether it's"}, {"start": "00:24:08", "end": "00:24:12", "text": "the banks or the institutions that are"}, {"start": "00:24:10", "end": "00:24:14", "text": "now promoting Bitcoin with their ETFs"}, {"start": "00:24:12", "end": "00:24:16", "text": "and so on. Um I think the the biggest"}, {"start": "00:24:14", "end": "00:24:18", "text": "money I saw something yesterday, the the"}, {"start": "00:24:16", "end": "00:24:21", "text": "biggest money it's obviously got to come"}, {"start": "00:24:18", "end": "00:24:22", "text": "from retirement funds and and those sort"}, {"start": "00:24:21", "end": "00:24:25", "text": "of things, right? trillions and"}, {"start": "00:24:22", "end": "00:24:26", "text": "trillions of dollars there, but are they"}, {"start": "00:24:25", "end": "00:24:29", "text": "going to put it into Bitcoin? That's the"}, {"start": "00:24:26", "end": "00:24:30", "text": "big question. Go on."}, {"start": "00:24:29", "end": "00:24:32", "text": ">> But they're going to put it into They're"}, {"start": "00:24:30", "end": "00:24:34", "text": "not even gonna know. It's like they're"}, {"start": "00:24:32", "end": "00:24:36", "text": "going to put it into products that offer"}, {"start": "00:24:34", "end": "00:24:38", "text": "yield. I'm not saying STRC, but I am"}, {"start": "00:24:36", "end": "00:24:41", "text": "saying that Black Rockck is just filed"}, {"start": "00:24:38", "end": "00:24:44", "text": "its third filing for Bida. That's an"}, {"start": "00:24:41", "end": "00:24:46", "text": "income ETF uh with Bitcoin where covered"}, {"start": "00:24:44", "end": "00:24:48", "text": "calls and they just give you income and"}, {"start": "00:24:46", "end": "00:24:51", "text": "it caps the upside. I mean, all these"}, {"start": "00:24:48", "end": "00:24:53", "text": "Fanny Fanny and Freddy Mack, Fanny May,"}, {"start": "00:24:51", "end": "00:24:56", "text": "Freddy Mack, they're allowing you to use"}, {"start": "00:24:53", "end": "00:24:58", "text": "it in the traditional system. Um, the"}, {"start": "00:24:56", "end": "00:25:00", "text": "big money, I guess, the the retirement"}, {"start": "00:24:58", "end": "00:25:01", "text": "money, they're not even going to know."}, {"start": "00:25:00", "end": "00:25:02", "text": "They're just going to be using these"}, {"start": "00:25:01", "end": "00:25:04", "text": "products from Black Rockck that their"}, {"start": "00:25:02", "end": "00:25:05", "text": "financial advisor says this is offering"}, {"start": "00:25:04", "end": "00:25:08", "text": "a good yield, and that's how it bakes"}, {"start": "00:25:05", "end": "00:25:12", "text": "into the system. Yeah, that's probably"}, {"start": "00:25:08", "end": "00:25:13", "text": "one of the big unknowns that I think"}, {"start": "00:25:12", "end": "00:25:15", "text": "would have a good chance of pumping"}, {"start": "00:25:13", "end": "00:25:20", "text": "anything because I think we're seeing it"}, {"start": "00:25:15", "end": "00:25:23", "text": "with the SpaceX IPO where SpaceX is"}, {"start": "00:25:20", "end": "00:25:25", "text": "going into the NASDAQ in 15 trading days"}, {"start": "00:25:23", "end": "00:25:27", "text": "and the retirement funds and all the"}, {"start": "00:25:25", "end": "00:25:29", "text": "other funds that have uh you know rules"}, {"start": "00:25:27", "end": "00:25:32", "text": "that they have to buy the NASDAQ are now"}, {"start": "00:25:29", "end": "00:25:33", "text": "going to have to buy SpaceX. So there's"}, {"start": "00:25:32", "end": "00:25:35", "text": "trillions of dollars there that will"}, {"start": "00:25:33", "end": "00:25:38", "text": "have to buy SpaceX because it's in the"}, {"start": "00:25:35", "end": "00:25:41", "text": "the um in the NASDAQ already. So yeah, I"}, {"start": "00:25:38", "end": "00:25:43", "text": "I think that is a big a big question"}, {"start": "00:25:41", "end": "00:25:44", "text": "mark that could push this thing higher."}, {"start": "00:25:43", "end": "00:25:46", "text": "That would be the thing that would get"}, {"start": "00:25:44", "end": "00:25:48", "text": "me far more bullish that we're going to"}, {"start": "00:25:46", "end": "00:25:52", "text": "see a significant new alltime high like"}, {"start": "00:25:48", "end": "00:25:54", "text": "past the 126 that we've just seen. So"}, {"start": "00:25:52", "end": "00:25:56", "text": "yeah, that's some hopeopium."}, {"start": "00:25:54", "end": "00:25:59", "text": ">> I love it. Um I love to end withium."}, {"start": "00:25:56", "end": "00:26:01", "text": "Anything else? Anything we didn't cover?"}, {"start": "00:25:59", "end": "00:26:03", "text": "Uh I mean the same stuff we covered from"}, {"start": "00:26:01", "end": "00:26:04", "text": "last time with sentiment and liquidity"}, {"start": "00:26:03", "end": "00:26:06", "text": "and so on."}, {"start": "00:26:04", "end": "00:26:08", "text": ">> I would love to I talked about three"}, {"start": "00:26:06", "end": "00:26:10", "text": "indicators last time. The indicators"}, {"start": "00:26:08", "end": "00:26:12", "text": "that you're using to judge"}, {"start": "00:26:10", "end": "00:26:13", "text": ">> when we're going you and you showed the"}, {"start": "00:26:12", "end": "00:26:15", "text": "fear and greed index. Is that what you"}, {"start": "00:26:13", "end": "00:26:18", "text": "meant by sentiment?"}, {"start": "00:26:15", "end": "00:26:21", "text": ">> Yes. Yeah. We can have a look at that"}, {"start": "00:26:18", "end": "00:26:22", "text": "because it's basically I don't want to"}, {"start": "00:26:21", "end": "00:26:24", "text": "say it's like repeating exactly like"}, {"start": "00:26:22", "end": "00:26:26", "text": "last time but it's pretty similar. And"}, {"start": "00:26:24", "end": "00:26:27", "text": "this is how you know Bitcoin when"}, {"start": "00:26:26", "end": "00:26:29", "text": "Bitcoin bottoms like that's the framing"}, {"start": "00:26:27", "end": "00:26:30", "text": "of why you're using this these"}, {"start": "00:26:29", "end": "00:26:31", "text": "indicators."}, {"start": "00:26:30", "end": "00:26:34", "text": ">> Yes. It looks like it's going through"}, {"start": "00:26:31", "end": "00:26:36", "text": "that process where investors are"}, {"start": "00:26:34", "end": "00:26:38", "text": "becoming more complacent with the lower"}, {"start": "00:26:36", "end": "00:26:39", "text": "prices which isn't a bad thing. Just"}, {"start": "00:26:38", "end": "00:26:41", "text": "like with the highs, they become"}, {"start": "00:26:39", "end": "00:26:42", "text": "complacent with the highs and it's like"}, {"start": "00:26:41", "end": "00:26:43", "text": "it's going to be like this forever and"}, {"start": "00:26:42", "end": "00:26:44", "text": "go up forever and it's going to be like"}, {"start": "00:26:43", "end": "00:26:46", "text": "this forever. It's going to go down"}, {"start": "00:26:44", "end": "00:26:48", "text": "forever. And you can see it with the"}, {"start": "00:26:46", "end": "00:26:52", "text": "lows on the chart. It's a little bit"}, {"start": "00:26:48", "end": "00:26:54", "text": "smaller here, but you got these in the"}, {"start": "00:26:52", "end": "00:26:55", "text": "most of them in the single digits and"}, {"start": "00:26:54", "end": "00:26:58", "text": "then we've just hit that again after a"}, {"start": "00:26:55", "end": "00:27:01", "text": "rally into neutral. So, we got that came"}, {"start": "00:26:58", "end": "00:27:06", "text": "back. Price has broken down and broken"}, {"start": "00:27:01", "end": "00:27:10", "text": "through the low last cycle very similar"}, {"start": "00:27:06", "end": "00:27:14", "text": "lows. Price was still coming down, rally"}, {"start": "00:27:10", "end": "00:27:15", "text": "into neutral, and then price basically"}, {"start": "00:27:14", "end": "00:27:18", "text": "stalled out. Things went quiet. People"}, {"start": "00:27:15", "end": "00:27:19", "text": "lost complete interest in altcoins and"}, {"start": "00:27:18", "end": "00:27:21", "text": "Bitcoin. We all remember that it was"}, {"start": "00:27:19", "end": "00:27:23", "text": "pretty dead. And then we had this little"}, {"start": "00:27:21", "end": "00:27:27", "text": "capitulation and we all say little, but"}, {"start": "00:27:23", "end": "00:27:31", "text": "it was FTX dropped it into extreme fear"}, {"start": "00:27:27", "end": "00:27:33", "text": "again. Higher low, lower low for price,"}, {"start": "00:27:31", "end": "00:27:35", "text": "but you're basically getting a rounding"}, {"start": "00:27:33", "end": "00:27:37", "text": "effect at the bottom. So, I think we're"}, {"start": "00:27:35", "end": "00:27:39", "text": "possibly doing that now. That's why I'm"}, {"start": "00:27:37", "end": "00:27:41", "text": "keeping a conservative target of 43 to"}, {"start": "00:27:39", "end": "00:27:43", "text": "58K"}, {"start": "00:27:41", "end": "00:27:46", "text": "and just watching how things progress"}, {"start": "00:27:43", "end": "00:27:48", "text": "over quarter 3 as opposed to what I"}, {"start": "00:27:46", "end": "00:27:50", "text": "think everyone is looking at which is"}, {"start": "00:27:48", "end": "00:27:52", "text": "that whole, you know, has to be October."}, {"start": "00:27:50", "end": "00:27:53", "text": "Um, it's better to keep an open mind to."}, {"start": "00:27:52", "end": "00:27:57", "text": ">> Yeah. And what would you what you would"}, {"start": "00:27:53", "end": "00:27:59", "text": "love to see is if we did dip to 43,000"}, {"start": "00:27:57", "end": "00:28:01", "text": "in Q3,"}, {"start": "00:27:59", "end": "00:28:03", "text": "uh, the fear fear and greed index"}, {"start": "00:28:01", "end": "00:28:05", "text": "doesn't dip into fear as much. maybe the"}, {"start": "00:28:03", "end": "00:28:07", "text": "top part of here or maybe even into the"}, {"start": "00:28:05", "end": "00:28:08", "text": "orange. Correct. That's what you're"}, {"start": "00:28:07", "end": "00:28:10", "text": "looking for."}, {"start": "00:28:08", "end": "00:28:12", "text": ">> Yeah. I think over the next couple of"}, {"start": "00:28:10", "end": "00:28:14", "text": "weeks, if this is the low at 59, over"}, {"start": "00:28:12", "end": "00:28:16", "text": "the next couple of weeks, we'll see the"}, {"start": "00:28:14", "end": "00:28:18", "text": "fear and greed index rise into the"}, {"start": "00:28:16", "end": "00:28:20", "text": "orange, which is just fear. And then if"}, {"start": "00:28:18", "end": "00:28:25", "text": "we did get like a capitulation sell off"}, {"start": "00:28:20", "end": "00:28:29", "text": "into the 43 to 58 region, then that that"}, {"start": "00:28:25", "end": "00:28:31", "text": "sentiment will probably read higher than"}, {"start": "00:28:29", "end": "00:28:34", "text": "all of this area."}, {"start": "00:28:31", "end": "00:28:37", "text": ">> Cool. and we just it would basically be"}, {"start": "00:28:34", "end": "00:28:39", "text": "that effect happening again."}, {"start": "00:28:37", "end": "00:28:40", "text": "That's that's the big one there. The"}, {"start": "00:28:39", "end": "00:28:41", "text": "liquidity was the other one. We haven't"}, {"start": "00:28:40", "end": "00:28:44", "text": "seen liquidity turn around yet. And"}, {"start": "00:28:41", "end": "00:28:46", "text": "obviously we need people and the belief."}, {"start": "00:28:44", "end": "00:28:47", "text": "That's why I look at sentiment and we"}, {"start": "00:28:46", "end": "00:28:49", "text": "need the liquidity. We need the money to"}, {"start": "00:28:47", "end": "00:28:50", "text": "come back in. Could be a few players"}, {"start": "00:28:49", "end": "00:28:52", "text": "with a lot of money, but we need that to"}, {"start": "00:28:50", "end": "00:28:54", "text": "come back. And we've just seen it break"}, {"start": "00:28:52", "end": "00:28:57", "text": "out at the moment with the combin uh the"}, {"start": "00:28:54", "end": "00:28:59", "text": "combined stable coin dominance here. So,"}, {"start": "00:28:57", "end": "00:29:04", "text": "we need to see this come back down, take"}, {"start": "00:28:59", "end": "00:29:06", "text": "out roughly 10% on the USDT and USDC."}, {"start": "00:29:04", "end": "00:29:08", "text": ">> I would say to put my bullish spin on"}, {"start": "00:29:06", "end": "00:29:10", "text": "it, number one, wars are heavily"}, {"start": "00:29:08", "end": "00:29:12", "text": "inflationary. So, it's not like the"}, {"start": "00:29:10", "end": "00:29:15", "text": "money supply is still growing. Inflation"}, {"start": "00:29:12", "end": "00:29:17", "text": "is still happening eventually, I believe"}, {"start": "00:29:15", "end": "00:29:19", "text": "Bitcoin will benefit. And two, there's"}, {"start": "00:29:17", "end": "00:29:21", "text": "going to be a lot of wealth created with"}, {"start": "00:29:19", "end": "00:29:23", "text": "these IPOs, not from retail. They're"}, {"start": "00:29:21", "end": "00:29:25", "text": "buying. They're they're that's where the"}, {"start": "00:29:23", "end": "00:29:26", "text": "wealth's coming from. But all these"}, {"start": "00:29:25", "end": "00:29:29", "text": "early investors are going to gain a lot"}, {"start": "00:29:26", "end": "00:29:31", "text": "of wealth. The real estate in Silicon"}, {"start": "00:29:29", "end": "00:29:32", "text": "Valley, maybe it'll go up in 12 months."}, {"start": "00:29:31", "end": "00:29:35", "text": "You know, where are they going to park"}, {"start": "00:29:32", "end": "00:29:37", "text": "this money? 5% in a Bitcoin. Um I think"}, {"start": "00:29:35", "end": "00:29:39", "text": "that could be, you know, if we look back"}, {"start": "00:29:37", "end": "00:29:42", "text": "after the the liquidity comes back,"}, {"start": "00:29:39", "end": "00:29:44", "text": "those could be two major catalysts."}, {"start": "00:29:42", "end": "00:29:46", "text": ">> Yeah, I think it's probably there's"}, {"start": "00:29:44", "end": "00:29:47", "text": "definitely something to it. if there's"}, {"start": "00:29:46", "end": "00:29:50", "text": "more money in there, people got this"}, {"start": "00:29:47", "end": "00:29:51", "text": "extra speculative money and then they'll"}, {"start": "00:29:50", "end": "00:29:53", "text": "want to I guess I'll look at it in a"}, {"start": "00:29:51", "end": "00:29:55", "text": "different way. I think they'll want to"}, {"start": "00:29:53", "end": "00:29:57", "text": "look at it as a as a specula speculative"}, {"start": "00:29:55", "end": "00:30:00", "text": "bet in the markets as opposed to where"}, {"start": "00:29:57", "end": "00:30:01", "text": "do I want to park this money. So either"}, {"start": "00:30:00", "end": "00:30:04", "text": "way either way"}, {"start": "00:30:01", "end": "00:30:07", "text": ">> I did only say 2 to 5% so 100% it is a"}, {"start": "00:30:04", "end": "00:30:08", "text": "it is a speculative bet."}, {"start": "00:30:07", "end": "00:30:11", "text": ">> Either way I think both of us see it"}, {"start": "00:30:08", "end": "00:30:12", "text": "going up if we get this extra liquidity"}, {"start": "00:30:11", "end": "00:30:14", "text": "into it. You think the price will go"}, {"start": "00:30:12", "end": "00:30:16", "text": "higher? I think it'll go higher. It's"}, {"start": "00:30:14", "end": "00:30:18", "text": "just based on uh you know more liquidity"}, {"start": "00:30:16", "end": "00:30:21", "text": "coming into it that they're taking off"}, {"start": "00:30:18", "end": "00:30:23", "text": "the top from their what the IPOs and"}, {"start": "00:30:21", "end": "00:30:25", "text": "possibly real estate and business and"}, {"start": "00:30:23", "end": "00:30:28", "text": "whatever else."}, {"start": "00:30:25", "end": "00:30:29", "text": ">> For sure. Well, we'll be watching."}, {"start": "00:30:28", "end": "00:30:31", "text": ">> Jason, I want to have you back on three,"}, {"start": "00:30:29", "end": "00:30:33", "text": "four months again, revisit some of this"}, {"start": "00:30:31", "end": "00:30:35", "text": "stuff. Final thoughts for the altcoin"}, {"start": "00:30:33", "end": "00:30:38", "text": "Daily Army."}, {"start": "00:30:35", "end": "00:30:40", "text": "Final thoughts, I think be patient with"}, {"start": "00:30:38", "end": "00:30:43", "text": "the next few months, especially if it"}, {"start": "00:30:40", "end": "00:30:45", "text": "gets quiet with tighter ranges. So,"}, {"start": "00:30:43", "end": "00:30:46", "text": "that's what I'll be looking out for with"}, {"start": "00:30:45", "end": "00:30:50", "text": "with Bitcoin. We don't see the same sort"}, {"start": "00:30:46", "end": "00:30:52", "text": "of big moves. And just have a plan ready"}, {"start": "00:30:50", "end": "00:30:54", "text": "for any sort of quick breakouts. You"}, {"start": "00:30:52", "end": "00:30:56", "text": "know, if we stay on the bullish side, if"}, {"start": "00:30:54", "end": "00:30:58", "text": "this is the low forming, then I'll just"}, {"start": "00:30:56", "end": "00:31:00", "text": "be watching for those breakouts to the"}, {"start": "00:30:58", "end": "00:31:01", "text": "upside to to get in as opposed to trying"}, {"start": "00:31:00", "end": "00:31:03", "text": "to catch a falling knife all the way"}, {"start": "00:31:01", "end": "00:31:05", "text": "down because you'll run out of money."}, {"start": "00:31:03", "end": "00:31:08", "text": "all these bulls talking about buying"}, {"start": "00:31:05", "end": "00:31:09", "text": "from 120 all the way down to 60. Yeah."}, {"start": "00:31:08", "end": "00:31:12", "text": "Um so that would probably be the big"}, {"start": "00:31:09", "end": "00:31:14", "text": "one. And then the stock market. We'll"}, {"start": "00:31:12", "end": "00:31:15", "text": "keep watching that as a bit of a"}, {"start": "00:31:14", "end": "00:31:18", "text": "indicator of whether we're getting to"}, {"start": "00:31:15", "end": "00:31:21", "text": "this top and how much longer the next"}, {"start": "00:31:18", "end": "00:31:21", "text": "bull market has."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Obviously, people feel like the Senate's"}, {"start": "00:00:01", "end": "00:00:05", "text": "running out of time to get the Clarity"}, {"start": "00:00:03", "end": "00:00:07", "text": "Act passed before the August recess."}, {"start": "00:00:05", "end": "00:00:09", "text": ">> We want to make sure that the United"}, {"start": "00:00:07", "end": "00:00:11", "text": "States remains the crypto capital of the"}, {"start": "00:00:09", "end": "00:00:13", "text": "world. The president's been very clear"}, {"start": "00:00:11", "end": "00:00:14", "text": "on changing the way that we regulate"}, {"start": "00:00:13", "end": "00:00:17", "text": "[music] in the United States."}, {"start": "00:00:14", "end": "00:00:20", "text": ">> Digital assets is a part of the future"}, {"start": "00:00:17", "end": "00:00:21", "text": "of finance. So, every single industry"}, {"start": "00:00:20", "end": "00:00:22", "text": "will want to be a part of that."}, {"start": "00:00:21", "end": "00:00:24", "text": ">> On the Wall Street side, traditional"}, {"start": "00:00:22", "end": "00:00:26", "text": "financial institutions, while prices are"}, {"start": "00:00:24", "end": "00:00:27", "text": "down, most people involved in digital"}, {"start": "00:00:26", "end": "00:00:30", "text": "assets are pretty positive."}, {"start": "00:00:27", "end": "00:00:34", "text": ">> Something important is happening in"}, {"start": "00:00:30", "end": "00:00:37", "text": "crypto right now. Bitcoin is getting"}, {"start": "00:00:34", "end": "00:00:40", "text": "ready for its next big move, and most"}, {"start": "00:00:37", "end": "00:00:44", "text": "investors are either ignoring it or"}, {"start": "00:00:40", "end": "00:00:47", "text": "underestimating it. Crypto is at a major"}, {"start": "00:00:44", "end": "00:00:50", "text": "decision point, and what happens next"}, {"start": "00:00:47", "end": "00:00:54", "text": "could set the tone. Let's start here."}, {"start": "00:00:50", "end": "00:00:58", "text": "Bitcoin rises above $64,000"}, {"start": "00:00:54", "end": "00:01:02", "text": "as Pakistan's Prime Minister confirms a"}, {"start": "00:00:58", "end": "00:01:04", "text": "US-Iran peace deal is close. Obviously,"}, {"start": "00:01:02", "end": "00:01:06", "text": "we've heard Trump announce news like"}, {"start": "00:01:04", "end": "00:01:09", "text": "this before, and he is announcing it"}, {"start": "00:01:06", "end": "00:01:12", "text": "this time as well. US-Iran peace deal to"}, {"start": "00:01:09", "end": "00:01:14", "text": "be signed on Sunday, Trump says. But,"}, {"start": "00:01:12", "end": "00:01:17", "text": "what's really adding credibility is"}, {"start": "00:01:14", "end": "00:01:21", "text": "Pakistan's Prime Minister confirming"}, {"start": "00:01:17", "end": "00:01:25", "text": "this. Peace deal in next 24 hours. If"}, {"start": "00:01:21", "end": "00:01:28", "text": "true, this would be huge for Bitcoin."}, {"start": "00:01:25", "end": "00:01:30", "text": "So, again, this peace deal could just be"}, {"start": "00:01:28", "end": "00:01:33", "text": "President Trump wanting to create a"}, {"start": "00:01:30", "end": "00:01:37", "text": "positive environment for Elon Musk's"}, {"start": "00:01:33", "end": "00:01:40", "text": "SpaceX IPO, for the UFC Freedom 250"}, {"start": "00:01:37", "end": "00:01:43", "text": "event this weekend for his birthday, or"}, {"start": "00:01:40", "end": "00:01:45", "text": "it could be more real than we think. If"}, {"start": "00:01:43", "end": "00:01:48", "text": "a peace deal between the US and Iran is"}, {"start": "00:01:45", "end": "00:01:51", "text": "reached, expect volatility. Expect"}, {"start": "00:01:48", "end": "00:01:54", "text": "Bitcoin to move. In addition, what we're"}, {"start": "00:01:51", "end": "00:01:58", "text": "looking towards next week is new Fed"}, {"start": "00:01:54", "end": "00:02:01", "text": "Chair Kevin Warsh, his first FOMC"}, {"start": "00:01:58", "end": "00:02:03", "text": "meeting. A lot of other Fed chairs might"}, {"start": "00:02:01", "end": "00:02:06", "text": "hike rates under these conditions with"}, {"start": "00:02:03", "end": "00:02:08", "text": "inflation rising last report. Most"}, {"start": "00:02:06", "end": "00:02:10", "text": "people are expecting Kevin Warsh to just"}, {"start": "00:02:08", "end": "00:02:12", "text": "hold the rates at his first meeting. And"}, {"start": "00:02:10", "end": "00:02:16", "text": "then moving forward, we expect Kevin"}, {"start": "00:02:12", "end": "00:02:19", "text": "Warsh to be cutting rates. Also, to be"}, {"start": "00:02:16", "end": "00:02:23", "text": "updating an archaic system. After next"}, {"start": "00:02:19", "end": "00:02:26", "text": "week's FOMC meeting, all eyes are on"}, {"start": "00:02:23", "end": "00:02:27", "text": "July 4th for the Crypto Clarity Act."}, {"start": "00:02:26", "end": "00:02:29", "text": "Guys, by the way, smash the like button"}, {"start": "00:02:27", "end": "00:02:32", "text": "if you're getting value in today's"}, {"start": "00:02:29", "end": "00:02:37", "text": "video. Will the Crypto Clarity Act still"}, {"start": "00:02:32", "end": "00:02:39", "text": "pass by July 4th? Well, recently on the"}, {"start": "00:02:37", "end": "00:02:42", "text": "Crypto in America podcast, White House"}, {"start": "00:02:39", "end": "00:02:45", "text": "Digital Asset Executive Director Patrick"}, {"start": "00:02:42", "end": "00:02:47", "text": "Witt was asked this question in front of"}, {"start": "00:02:45", "end": "00:02:50", "text": "the panel, and he announced they're"}, {"start": "00:02:47", "end": "00:02:53", "text": "making great progress on all fronts"}, {"start": "00:02:50", "end": "00:02:55", "text": "every day. He's still optimistic. He"}, {"start": "00:02:53", "end": "00:02:56", "text": "says we're doing a lot of work behind"}, {"start": "00:02:55", "end": "00:02:58", "text": "the scenes."}, {"start": "00:02:56", "end": "00:03:00", "text": ">> The White House set a goal of July 4th"}, {"start": "00:02:58", "end": "00:03:02", "text": "for the Clarity Act to be passed. Is"}, {"start": "00:03:00", "end": "00:03:04", "text": "that still the timeline you guys are"}, {"start": "00:03:02", "end": "00:03:06", "text": "working with, or have your expectations"}, {"start": "00:03:04", "end": "00:03:07", "text": "shifted?"}, {"start": "00:03:06", "end": "00:03:10", "text": ">> No, I think we're we're still making"}, {"start": "00:03:07", "end": "00:03:12", "text": "great progress across the the three"}, {"start": "00:03:10", "end": "00:03:14", "text": "areas that Democrats senators had raised"}, {"start": "00:03:12", "end": "00:03:16", "text": "as ones that they wanted to see progress"}, {"start": "00:03:14", "end": "00:03:18", "text": "on. So, every day"}, {"start": "00:03:16", "end": "00:03:21", "text": "we're doing the trifecta,"}, {"start": "00:03:18", "end": "00:03:24", "text": "either mornings or afternoons on on Ag,"}, {"start": "00:03:21", "end": "00:03:26", "text": "mornings or afternoons on on ethics, and"}, {"start": "00:03:24", "end": "00:03:28", "text": "then the Digital Asset RCA"}, {"start": "00:03:26", "end": "00:03:31", "text": "as that third one. So, we're making"}, {"start": "00:03:28", "end": "00:03:33", "text": "progress on all fronts every day."}, {"start": "00:03:31", "end": "00:03:36", "text": "Groups are at the table trading paper,"}, {"start": "00:03:33", "end": "00:03:38", "text": "and so I I'm still optimistic that we"}, {"start": "00:03:36", "end": "00:03:40", "text": "could hit that timeline, but"}, {"start": "00:03:38", "end": "00:03:42", "text": "you know, we're we're doing a lot of"}, {"start": "00:03:40", "end": "00:03:44", "text": "work behind the scenes. Now, the latest"}, {"start": "00:03:42", "end": "00:03:47", "text": "news on this, according to journalist"}, {"start": "00:03:44", "end": "00:03:49", "text": "and podcast host Eleanor Terrett,"}, {"start": "00:03:47", "end": "00:03:53", "text": "hitting the timeline of passing the"}, {"start": "00:03:49", "end": "00:03:56", "text": "Clarity Act into law by July 4th at this"}, {"start": "00:03:53", "end": "00:04:00", "text": "point, logistically impossible. Before"}, {"start": "00:03:56", "end": "00:04:02", "text": "the August recess is literally their"}, {"start": "00:04:00", "end": "00:04:05", "text": "last chance before midterms, in my"}, {"start": "00:04:02", "end": "00:04:08", "text": "opinion. Tim Scott went on TV just"}, {"start": "00:04:05", "end": "00:04:10", "text": "yesterday claiming that the Crypto"}, {"start": "00:04:08", "end": "00:04:14", "text": "Clarity Act will pass before August. He"}, {"start": "00:04:10", "end": "00:04:15", "text": "says it's coming, period. Big if true."}, {"start": "00:04:14", "end": "00:04:16", "text": "Listen."}, {"start": "00:04:15", "end": "00:04:18", "text": ">> Obviously, people feel like the Senate's"}, {"start": "00:04:16", "end": "00:04:20", "text": "running out of time to get the Clarity"}, {"start": "00:04:18", "end": "00:04:23", "text": "Act passed before the August recess."}, {"start": "00:04:20", "end": "00:04:25", "text": ">> The fact of the matter is that even JP"}, {"start": "00:04:23", "end": "00:04:28", "text": "Morgan is now getting involved in stable"}, {"start": "00:04:25", "end": "00:04:30", "text": "coins. Why? Because digital assets is a"}, {"start": "00:04:28", "end": "00:04:32", "text": "part of the future of finance. So, every"}, {"start": "00:04:30", "end": "00:04:34", "text": "single industry will want to be a part"}, {"start": "00:04:32", "end": "00:04:37", "text": "of that, including banks. So, what we're"}, {"start": "00:04:34", "end": "00:04:39", "text": "talking about today is how do we set the"}, {"start": "00:04:37", "end": "00:04:42", "text": "rules of the road so that we protect our"}, {"start": "00:04:39", "end": "00:04:45", "text": "consumers. Job one is making sure that"}, {"start": "00:04:42", "end": "00:04:47", "text": "consumers are protected. Job two, making"}, {"start": "00:04:45", "end": "00:04:51", "text": "it less expensive to do business in"}, {"start": "00:04:47", "end": "00:04:53", "text": "America and easier to do it 24/7."}, {"start": "00:04:51", "end": "00:04:56", "text": "Blockchain and digital assets allows us"}, {"start": "00:04:53", "end": "00:04:57", "text": "to get there faster. It's coming,"}, {"start": "00:04:56", "end": "00:05:00", "text": "period."}, {"start": "00:04:57", "end": "00:05:03", "text": ">> And just to be clear, the Clarity Act is"}, {"start": "00:05:00", "end": "00:05:06", "text": "huge for this industry. Patrick Witt"}, {"start": "00:05:03", "end": "00:05:09", "text": "explains the single biggest change"}, {"start": "00:05:06", "end": "00:05:12", "text": "crypto companies and investors should"}, {"start": "00:05:09", "end": "00:05:14", "text": "expect after the Clarity Act passes."}, {"start": "00:05:12", "end": "00:05:16", "text": ">> I want to get your take on crypto and"}, {"start": "00:05:14", "end": "00:05:17", "text": "and market structure though, Mr."}, {"start": "00:05:16", "end": "00:05:20", "text": "Chairman. What do you believe will be"}, {"start": "00:05:17", "end": "00:05:22", "text": "the singest biggest change investors and"}, {"start": "00:05:20", "end": "00:05:24", "text": "and crypto companies should expect over"}, {"start": "00:05:22", "end": "00:05:26", "text": "the next year?"}, {"start": "00:05:24", "end": "00:05:28", "text": ">> Certainty and clarity. That's why the"}, {"start": "00:05:26", "end": "00:05:30", "text": "bill's named Clarity, right? We want to"}, {"start": "00:05:28", "end": "00:05:32", "text": "make sure that the United States remains"}, {"start": "00:05:30", "end": "00:05:34", "text": "the crypto capital of the world. The"}, {"start": "00:05:32", "end": "00:05:36", "text": "president's been very clear on changing"}, {"start": "00:05:34", "end": "00:05:37", "text": "the way that we regulate in the United"}, {"start": "00:05:36", "end": "00:05:39", "text": "States. We're not regulating by"}, {"start": "00:05:37", "end": "00:05:41", "text": "enforcement and opaque rules. We're"}, {"start": "00:05:39", "end": "00:05:43", "text": "setting clear rules, but having that in"}, {"start": "00:05:41", "end": "00:05:46", "text": "statute is going to be critical. We want"}, {"start": "00:05:43", "end": "00:05:48", "text": "to cement that, make sure that the next"}, {"start": "00:05:46", "end": "00:05:49", "text": "administration, if it's a Democrat"}, {"start": "00:05:48", "end": "00:05:51", "text": "administration that's hostile to crypto"}, {"start": "00:05:49", "end": "00:05:53", "text": "like the last one, we want to make sure"}, {"start": "00:05:51", "end": "00:05:55", "text": "they can't tear apart all of our rules."}, {"start": "00:05:53", "end": "00:05:57", "text": "We want you the United States to lead on"}, {"start": "00:05:55", "end": "00:05:57", "text": "crypto, and this statute's going to help"}, {"start": "00:05:57", "end": "00:06:00", "text": "us do it."}, {"start": "00:05:57", "end": "00:06:01", "text": ">> Yeah, that that's exactly right."}, {"start": "00:06:00", "end": "00:06:03", "text": "And certainly President Trump wants"}, {"start": "00:06:01", "end": "00:06:05", "text": "America to be the crypto capital of the"}, {"start": "00:06:03", "end": "00:06:07", "text": "world. But look, the Senate is running"}, {"start": "00:06:05", "end": "00:06:09", "text": "out of time to get the Clarity Act"}, {"start": "00:06:07", "end": "00:06:12", "text": "passed before the August recess. There"}, {"start": "00:06:09", "end": "00:06:14", "text": "are only 16 legislative days left for"}, {"start": "00:06:12", "end": "00:06:14", "text": "the house before they take their August"}, {"start": "00:06:14", "end": "00:06:18", "text": "recess."}, {"start": "00:06:14", "end": "00:06:19", "text": ">> So, smart money is buying at these"}, {"start": "00:06:18", "end": "00:06:22", "text": "levels, not selling. This is a"}, {"start": "00:06:19", "end": "00:06:25", "text": "phenomenal area to be building a"}, {"start": "00:06:22", "end": "00:06:27", "text": "position in Bitcoin, especially with all"}, {"start": "00:06:25", "end": "00:06:30", "text": "the tailwinds that could be ahead of us."}, {"start": "00:06:27", "end": "00:06:32", "text": "People wait years for these moments."}, {"start": "00:06:30", "end": "00:06:35", "text": "They always say, \"I wish I could have"}, {"start": "00:06:32", "end": "00:06:38", "text": "bought so much more in the bear.\" Just"}, {"start": "00:06:35", "end": "00:06:40", "text": "like here, just like here, just like"}, {"start": "00:06:38", "end": "00:06:43", "text": "here, and just like here. Historically"}, {"start": "00:06:40", "end": "00:06:45", "text": "speaking, this is a phenomenal time to"}, {"start": "00:06:43", "end": "00:06:49", "text": "be in Bitcoin. Because metrics and"}, {"start": "00:06:45", "end": "00:06:52", "text": "indicators and charts continue to pile"}, {"start": "00:06:49", "end": "00:06:56", "text": "up showing us things you see around the"}, {"start": "00:06:52", "end": "00:07:00", "text": "cycle bottom. For instance, Bitcoin"}, {"start": "00:06:56", "end": "00:07:03", "text": "weekly bullish RSI divergence. Take a"}, {"start": "00:07:00", "end": "00:07:06", "text": "look at this. Price is going down, RSI"}, {"start": "00:07:03", "end": "00:07:09", "text": "is trending up. Same divergence formed"}, {"start": "00:07:06", "end": "00:07:12", "text": "at the last bear market bottom, right"}, {"start": "00:07:09", "end": "00:07:16", "text": "here. Taking a look at Bitcoin on the"}, {"start": "00:07:12", "end": "00:07:19", "text": "monthly, a pattern like this has only"}, {"start": "00:07:16", "end": "00:07:24", "text": "happened once before. A wick below, then"}, {"start": "00:07:19", "end": "00:07:26", "text": "close above the 50 simple moving average"}, {"start": "00:07:24", "end": "00:07:29", "text": "and log Bollinger bands has only"}, {"start": "00:07:26", "end": "00:07:33", "text": "happened once before. You can see that"}, {"start": "00:07:29", "end": "00:07:37", "text": "right here. Only happened once before at"}, {"start": "00:07:33", "end": "00:07:39", "text": "the end of the 2015 bear market. Bitcoin"}, {"start": "00:07:37", "end": "00:07:42", "text": "hitting the 200-week moving average has"}, {"start": "00:07:39", "end": "00:07:45", "text": "always been a great time to buy."}, {"start": "00:07:42", "end": "00:07:47", "text": "However, not necessarily indicative of"}, {"start": "00:07:45", "end": "00:07:50", "text": "the absolute bottom. There's a strong"}, {"start": "00:07:47", "end": "00:07:53", "text": "chance Bitcoin holds this level here,"}, {"start": "00:07:50", "end": "00:07:55", "text": "but if not, the 300-week moving average"}, {"start": "00:07:53", "end": "00:07:57", "text": "right now is around 54,000."}, {"start": "00:07:55", "end": "00:07:59", "text": "Maybe in a few weeks we'll be closer to"}, {"start": "00:07:57", "end": "00:08:01", "text": "56,000."}, {"start": "00:07:59", "end": "00:08:03", "text": "It's possible Bitcoin reaches these"}, {"start": "00:08:01", "end": "00:08:06", "text": "levels. It's possible Bitcoin bounces"}, {"start": "00:08:03", "end": "00:08:09", "text": "from here. Schwab's director of crypto"}, {"start": "00:08:06", "end": "00:08:10", "text": "research says there is strong support at"}, {"start": "00:08:09", "end": "00:08:12", "text": "60 thousand."}, {"start": "00:08:10", "end": "00:08:13", "text": ">> As far as levels, what are you watching"}, {"start": "00:08:12", "end": "00:08:16", "text": "right now? Because I remember last"}, {"start": "00:08:13", "end": "00:08:19", "text": "weekend we did fall through that 60K"}, {"start": "00:08:16", "end": "00:08:20", "text": "mark, which even Michael Saylor had said"}, {"start": "00:08:19", "end": "00:08:23", "text": "to me here at the New York Stock"}, {"start": "00:08:20", "end": "00:08:25", "text": "Exchange he thought was the bottom."}, {"start": "00:08:23", "end": "00:08:28", "text": ">> We've been vocal that we think there's"}, {"start": "00:08:25", "end": "00:08:30", "text": "pretty strong fundamental support near"}, {"start": "00:08:28", "end": "00:08:31", "text": "[clears throat] $60,000. And that's what"}, {"start": "00:08:30", "end": "00:08:33", "text": "we saw. Just because there's support"}, {"start": "00:08:31", "end": "00:08:35", "text": "doesn't mean you can't briefly trade"}, {"start": "00:08:33", "end": "00:08:37", "text": "through there. If you look at that"}, {"start": "00:08:35", "end": "00:08:40", "text": "level, that's the 200-week moving"}, {"start": "00:08:37", "end": "00:08:42", "text": "average, and that's typically been an an"}, {"start": "00:08:40", "end": "00:08:44", "text": "area of support in these large bear"}, {"start": "00:08:42", "end": "00:08:46", "text": "markets. Additionally, you have miners"}, {"start": "00:08:44", "end": "00:08:49", "text": "with the lowest energy costs and the"}, {"start": "00:08:46", "end": "00:08:51", "text": "most efficient ASIC fleets, and they"}, {"start": "00:08:49", "end": "00:08:53", "text": "mine in the low $60,000 as well. So,"}, {"start": "00:08:51", "end": "00:08:56", "text": "that's the cost for them to produce a"}, {"start": "00:08:53", "end": "00:08:57", "text": "Bitcoin. So, it's a a good fundamental"}, {"start": "00:08:56", "end": "00:08:59", "text": "level where again Bitcoin has"}, {"start": "00:08:57", "end": "00:09:01", "text": "historically found support. On the Wall"}, {"start": "00:08:59", "end": "00:09:03", "text": "Street side, traditional financial"}, {"start": "00:09:01", "end": "00:09:04", "text": "institutions, while prices are down,"}, {"start": "00:09:03", "end": "00:09:06", "text": "most people involved in digital assets"}, {"start": "00:09:04", "end": "00:09:08", "text": "are pretty positive."}, {"start": "00:09:06", "end": "00:09:10", "text": "Financial firms all over the world are"}, {"start": "00:09:08", "end": "00:09:12", "text": "looking to add blockchain to that their"}, {"start": "00:09:10", "end": "00:09:14", "text": "businesses. They're exploring"}, {"start": "00:09:12", "end": "00:09:16", "text": "tokenization. They're offering crypto"}, {"start": "00:09:14", "end": "00:09:19", "text": "products to their customers. So, there's"}, {"start": "00:09:16", "end": "00:09:21", "text": "a a real divergence here."}, {"start": "00:09:19", "end": "00:09:23", "text": "So, it's a very interesting based on"}, {"start": "00:09:21", "end": "00:09:24", "text": "your perspective and where you sit in"}, {"start": "00:09:23", "end": "00:09:27", "text": "crypto at the moment."}, {"start": "00:09:24", "end": "00:09:29", "text": ">> is Aaron. This is Altcoin Daily."}, {"start": "00:09:27", "end": "00:09:31", "text": "Subscribe to the largest crypto"}, {"start": "00:09:29", "end": "00:09:34", "text": "community in the world, and I will see"}, {"start": "00:09:31", "end": "00:09:34", "text": "you tomorrow, my friends."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "And I refused to do it because a troll"}, {"start": "00:00:02", "end": "00:00:06", "text": "on Twitter said, \"Hey, hey, hey, you"}, {"start": "00:00:04", "end": "00:00:08", "text": "said you'd never sell your Bitcoin.\""}, {"start": "00:00:06", "end": "00:00:10", "text": "Okay, fine. I'll destroy a billion"}, {"start": "00:00:08", "end": "00:00:12", "text": "dollar 100 billion dollar company so"}, {"start": "00:00:10", "end": "00:00:14", "text": "that I don't sell my Bitcoin. You know?"}, {"start": "00:00:12", "end": "00:00:17", "text": "Well, the point is I said to it By the"}, {"start": "00:00:14", "end": "00:00:19", "text": "way, I said to you never sell your"}, {"start": "00:00:17", "end": "00:00:22", "text": "Bitcoin. I never said that the company"}, {"start": "00:00:19", "end": "00:00:24", "text": "wouldn't sell its Bitcoin. I just bought"}, {"start": "00:00:22", "end": "00:00:26", "text": "1.1 billion of it and I intend to hold"}, {"start": "00:00:24", "end": "00:00:27", "text": "it forever."}, {"start": "00:00:26", "end": "00:00:29", "text": ">> Forever."}, {"start": "00:00:27", "end": "00:00:31", "text": ">> So, we're not going to be selling."}, {"start": "00:00:29", "end": "00:00:33", "text": "We're going to be buying Bitcoin."}, {"start": "00:00:31", "end": "00:00:34", "text": ">> We're not going to [clears throat] be"}, {"start": "00:00:33", "end": "00:00:36", "text": "selling."}, {"start": "00:00:34", "end": "00:00:39", "text": ">> We're not going to sell our Bitcoin. You"}, {"start": "00:00:36", "end": "00:00:41", "text": "do not sell your Bitcoin. And anybody"}, {"start": "00:00:39", "end": "00:00:44", "text": "that's been listening to our earnings"}, {"start": "00:00:41", "end": "00:00:46", "text": "calls or reading our disclosures or has"}, {"start": "00:00:44", "end": "00:00:48", "text": "half a brain knows for the last five"}, {"start": "00:00:46", "end": "00:00:50", "text": "years we've been very clear that of"}, {"start": "00:00:48", "end": "00:00:51", "text": "course we sell the Bitcoin if we have"}, {"start": "00:00:50", "end": "00:00:53", "text": "to."}, {"start": "00:00:51", "end": "00:00:53", "text": ">> Forever."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Don't buy SpaceX. Buy this instead. And"}, {"start": "00:00:02", "end": "00:00:06", "text": "I'm not a financial adviser. I cannot"}, {"start": "00:00:04", "end": "00:00:10", "text": "see the future. But just listen. Don't"}, {"start": "00:00:06", "end": "00:00:12", "text": "buy SpaceX. Buy this instead. Because"}, {"start": "00:00:10", "end": "00:00:14", "text": "there's momentum investing and then"}, {"start": "00:00:12", "end": "00:00:17", "text": "there's value investing. And ideally,"}, {"start": "00:00:14", "end": "00:00:21", "text": "ideally, you can do a bit of both. But"}, {"start": "00:00:17", "end": "00:00:23", "text": "AI trade, the AI trade right now is is"}, {"start": "00:00:21", "end": "00:00:26", "text": "momentum investing. There's a there's"}, {"start": "00:00:23", "end": "00:00:28", "text": "not anybody there's no investor on this"}, {"start": "00:00:26", "end": "00:00:30", "text": "earth I'm talking the whole globe that"}, {"start": "00:00:28", "end": "00:00:31", "text": "does not understand that one of the only"}, {"start": "00:00:30", "end": "00:00:34", "text": "markets that have been doing"}, {"start": "00:00:31", "end": "00:00:37", "text": "consistently well in the last few years"}, {"start": "00:00:34", "end": "00:00:40", "text": "is the United States AI and techreated"}, {"start": "00:00:37", "end": "00:00:42", "text": "AI market. It's momentum. It's going up"}, {"start": "00:00:40", "end": "00:00:43", "text": "on momentum. There's real value there."}, {"start": "00:00:42", "end": "00:00:45", "text": "And I I do think Nvidia is going to be"}, {"start": "00:00:43", "end": "00:00:47", "text": "much bigger five years from now. SpaceX"}, {"start": "00:00:45", "end": "00:00:49", "text": "very bullish on it's going to be much"}, {"start": "00:00:47", "end": "00:00:50", "text": "bigger five years from now. But because"}, {"start": "00:00:49", "end": "00:00:53", "text": "this was the biggest moment, one of the"}, {"start": "00:00:50", "end": "00:00:56", "text": "hottest IPOs, the market needs to"}, {"start": "00:00:53", "end": "00:00:59", "text": "digest. So don't buy SpaceX, buy this"}, {"start": "00:00:56", "end": "00:01:03", "text": "instead. Buy what SpaceX is buying. And"}, {"start": "00:00:59", "end": "00:01:05", "text": "you'll notice this, SpaceX holds 6% of"}, {"start": "00:01:03", "end": "00:01:08", "text": "its corporate treasury in Bitcoin. They"}, {"start": "00:01:05", "end": "00:01:11", "text": "own over 18,000"}, {"start": "00:01:08", "end": "00:01:13", "text": "Bitcoin. Also, this"}, {"start": "00:01:11", "end": "00:01:16", "text": "the one-year average draw down and"}, {"start": "00:01:13", "end": "00:01:20", "text": "median draw down of any hot IPO. I'm"}, {"start": "00:01:16", "end": "00:01:22", "text": "talking Coinbase, Palunteer, Snowflake,"}, {"start": "00:01:20", "end": "00:01:27", "text": "Door Dash, Dropbox, Shopify, Facebook,"}, {"start": "00:01:22", "end": "00:01:29", "text": "Twitter, they were all down 50%"}, {"start": "00:01:27", "end": "00:01:32", "text": "into a year. They had 50% dips a year"}, {"start": "00:01:29", "end": "00:01:36", "text": "after because the market has to digest"}, {"start": "00:01:32", "end": "00:01:39", "text": "uh this huge valuation. So, SpaceX holds"}, {"start": "00:01:36", "end": "00:01:41", "text": "18,000 Bitcoin. is around 6% of the"}, {"start": "00:01:39", "end": "00:01:43", "text": "corporate treasury. Why is that? Because"}, {"start": "00:01:41", "end": "00:01:45", "text": "they're worried about the debasement of"}, {"start": "00:01:43", "end": "00:01:47", "text": "the dollar. They want to carry their"}, {"start": "00:01:45", "end": "00:01:49", "text": "purchasing power, the purchasing power"}, {"start": "00:01:47", "end": "00:01:51", "text": "of their money. They want to carry it"}, {"start": "00:01:49", "end": "00:01:54", "text": "over time. They understand if they keep"}, {"start": "00:01:51", "end": "00:01:55", "text": "that in US dollars,"}, {"start": "00:01:54", "end": "00:01:58", "text": "it's going to be eroded away. It's going"}, {"start": "00:01:55", "end": "00:02:00", "text": "to be nothing. So, they're using Bitcoin"}, {"start": "00:01:58", "end": "00:02:03", "text": "as that hedge against inflation. Bitcoin"}, {"start": "00:02:00", "end": "00:02:06", "text": "right now is down 60%, maybe 50% from"}, {"start": "00:02:03", "end": "00:02:08", "text": "its all-time high. If you want to keep"}, {"start": "00:02:06", "end": "00:02:11", "text": "going with the momentum trade, go crazy"}, {"start": "00:02:08", "end": "00:02:12", "text": "with Nvidia. Go crazy with SpaceX. I"}, {"start": "00:02:11", "end": "00:02:14", "text": "think you should have two buckets. At"}, {"start": "00:02:12", "end": "00:02:17", "text": "least I'm just talking for me. This is"}, {"start": "00:02:14", "end": "00:02:19", "text": "what I do. Have the value investing"}, {"start": "00:02:17", "end": "00:02:23", "text": "bucket. Bitcoin's that value level right"}, {"start": "00:02:19", "end": "00:02:23", "text": "now. Follow for more."}]

[{"start": "00:00:00", "end": "00:00:08", "text": "It is certainly uh hard to believe that"}, {"start": "00:00:05", "end": "00:00:12", "text": "a little company that started in a"}, {"start": "00:00:08", "end": "00:00:14", "text": "warehouse in Elsagundo um is now"}, {"start": "00:00:12", "end": "00:00:19", "text": "uh"}, {"start": "00:00:14", "end": "00:00:22", "text": "is now is now going public for the"}, {"start": "00:00:19", "end": "00:00:25", "text": "with the largest IPO that uh ever"}, {"start": "00:00:22", "end": "00:00:28", "text": ">> it's happening. Elon Musk's SpaceX is"}, {"start": "00:00:25", "end": "00:00:31", "text": "now officially trading live on NASDAQ."}, {"start": "00:00:28", "end": "00:00:33", "text": "We are watching the price trade in real"}, {"start": "00:00:31", "end": "00:00:36", "text": "time on exchange partner WEAX. Link down"}, {"start": "00:00:33", "end": "00:00:40", "text": "below to follow along. And with SpaceX,"}, {"start": "00:00:36", "end": "00:00:43", "text": "the company holding 18,712"}, {"start": "00:00:40", "end": "00:00:46", "text": "Bitcoin on their balance sheet, we're"}, {"start": "00:00:43", "end": "00:00:48", "text": "beginning to understand why the idea"}, {"start": "00:00:46", "end": "00:00:51", "text": "probably based on the language in the"}, {"start": "00:00:48", "end": "00:00:53", "text": "filing is that Musk might view or or in"}, {"start": "00:00:51", "end": "00:00:54", "text": "aggregate, not just Musk, right? There"}, {"start": "00:00:53", "end": "00:00:56", "text": "are other people running SpaceX ahead of"}, {"start": "00:00:54", "end": "00:00:58", "text": "the world's biggest IPO. They might just"}, {"start": "00:00:56", "end": "00:01:00", "text": "see it as a hedge against inflation,"}, {"start": "00:00:58", "end": "00:01:03", "text": "long-term asset, but most likely this"}, {"start": "00:01:00", "end": "00:01:06", "text": "sort of strategic reserve for its excess"}, {"start": "00:01:03", "end": "00:01:10", "text": "cash. So Elon Musk became the world's"}, {"start": "00:01:06", "end": "00:01:13", "text": "first trillionaire as SpaceX shares soar"}, {"start": "00:01:10", "end": "00:01:16", "text": "above $150 on the first day of trading."}, {"start": "00:01:13", "end": "00:01:19", "text": "Checking in where price is now. We're"}, {"start": "00:01:16", "end": "00:01:21", "text": "well above that. We're at 163. Elon Musk"}, {"start": "00:01:19", "end": "00:01:24", "text": "is a trillionaire. But with the value of"}, {"start": "00:01:21", "end": "00:01:27", "text": "the dollar deflating, you are losing"}, {"start": "00:01:24", "end": "00:01:29", "text": "purchasing power. With the US dollar, we"}, {"start": "00:01:27", "end": "00:01:33", "text": "are beginning to understand why SpaceX"}, {"start": "00:01:29", "end": "00:01:34", "text": "holds 6% of its corporate treasury in"}, {"start": "00:01:33", "end": "00:01:36", "text": "Bitcoin."}, {"start": "00:01:34", "end": "00:01:38", "text": ">> So, do do you think the the value of"}, {"start": "00:01:36", "end": "00:01:40", "text": "money is going to significantly"}, {"start": "00:01:38", "end": "00:01:43", "text": "decrease? Will it will we go post"}, {"start": "00:01:40", "end": "00:01:43", "text": "capitalist?"}, {"start": "00:01:45", "end": "00:01:49", "text": "Yeah, I think money will stop being"}, {"start": "00:01:47", "end": "00:01:52", "text": "relevant at some point in the future."}, {"start": "00:01:49", "end": "00:01:54", "text": ">> Well, if the purchasing power of money"}, {"start": "00:01:52", "end": "00:01:57", "text": "is decreasing, if a trillionaire being a"}, {"start": "00:01:54", "end": "00:02:00", "text": "trillionaire means less and less"}, {"start": "00:01:57", "end": "00:02:02", "text": ">> and I I think the AI down the road will"}, {"start": "00:02:00", "end": "00:02:05", "text": "really"}, {"start": "00:02:02", "end": "00:02:08", "text": "not use human currency. It will just"}, {"start": "00:02:05", "end": "00:02:10", "text": "care about uh power and mass, wattage"}, {"start": "00:02:08", "end": "00:02:14", "text": "and tonnage. Where does it make sense to"}, {"start": "00:02:10", "end": "00:02:16", "text": "park your money over time?"}, {"start": "00:02:14", "end": "00:02:18", "text": ">> It's kind of ironic then, right? Just as"}, {"start": "00:02:16", "end": "00:02:23", "text": "you're becoming a multi- trillionaire,"}, {"start": "00:02:18", "end": "00:02:23", "text": "money starts to have less value. Um,"}, {"start": "00:02:24", "end": "00:02:28", "text": ">> yeah, pretty much"}, {"start": "00:02:25", "end": "00:02:31", "text": ">> own assets that are scarce that they"}, {"start": "00:02:28", "end": "00:02:34", "text": "cannot print more of. Look what the the"}, {"start": "00:02:31", "end": "00:02:36", "text": "most respected tech visionary companies"}, {"start": "00:02:34", "end": "00:02:39", "text": "on earth. Understand what they own and"}, {"start": "00:02:36", "end": "00:02:43", "text": "why they own it. And in the founder of"}, {"start": "00:02:39", "end": "00:02:45", "text": "SpaceX own words, AI will not use US"}, {"start": "00:02:43", "end": "00:02:47", "text": "dollars, government currency. That's"}, {"start": "00:02:45", "end": "00:02:49", "text": "being inflated away. They will care"}, {"start": "00:02:47", "end": "00:02:50", "text": "about energy. They care about wattage,"}, {"start": "00:02:49", "end": "00:02:53", "text": "tonnage, energy."}, {"start": "00:02:50", "end": "00:02:55", "text": ">> It will just care about uh power and"}, {"start": "00:02:53", "end": "00:02:57", "text": "mass. Wattage and tonnage."}, {"start": "00:02:55", "end": "00:03:01", "text": ">> Well, that's what Bitcoin is. It's a way"}, {"start": "00:02:57", "end": "00:03:04", "text": "to harness excess energy as explained by"}, {"start": "00:03:01", "end": "00:03:06", "text": "other visionary Nvidia CEO Jensen Wong."}, {"start": "00:03:04", "end": "00:03:09", "text": "Essentially, what Bitcoin is doing is"}, {"start": "00:03:06", "end": "00:03:12", "text": "taking excess energy,"}, {"start": "00:03:09", "end": "00:03:13", "text": "storing it into a new form."}, {"start": "00:03:12", "end": "00:03:15", "text": ">> It's called currency."}, {"start": "00:03:13", "end": "00:03:17", "text": ">> And you take that currency and you take"}, {"start": "00:03:15", "end": "00:03:19", "text": "it wherever you like. And so, you took"}, {"start": "00:03:17", "end": "00:03:21", "text": "energy from one place and now you've"}, {"start": "00:03:19", "end": "00:03:22", "text": "transported it everywhere."}, {"start": "00:03:21", "end": "00:03:24", "text": ">> It's like they're signaling to you,"}, {"start": "00:03:22", "end": "00:03:26", "text": "they're telling you what comes next,"}, {"start": "00:03:24", "end": "00:03:29", "text": "what's about to happen. Then why is"}, {"start": "00:03:26", "end": "00:03:31", "text": "crypto crashing? Why is Bitcoin dipping?"}, {"start": "00:03:29", "end": "00:03:34", "text": "Austin, you must be wrong. And that's"}, {"start": "00:03:31", "end": "00:03:37", "text": "true. A lot of liquidity in the short"}, {"start": "00:03:34", "end": "00:03:40", "text": "term did get sucked out of crypto into"}, {"start": "00:03:37", "end": "00:03:43", "text": "SpaceX into just this AI momentum trade"}, {"start": "00:03:40", "end": "00:03:46", "text": "as explained on CNBC yesterday by Solana"}, {"start": "00:03:43", "end": "00:03:49", "text": "Foundation CEO why crypto has been"}, {"start": "00:03:46", "end": "00:03:52", "text": "crashing. It's due to the AI momentum"}, {"start": "00:03:49", "end": "00:03:55", "text": "trade. And when you have a $75 billion"}, {"start": "00:03:52", "end": "00:03:58", "text": "IPO, right, which is priced at 80 90"}, {"start": "00:03:55", "end": "00:04:01", "text": "times earnings, that is very much in the"}, {"start": "00:03:58", "end": "00:04:03", "text": "same uh high-risk uh more sort of"}, {"start": "00:04:01", "end": "00:04:05", "text": "forward-looking"}, {"start": "00:04:03", "end": "00:04:07", "text": "uh growth speculative type of asset that"}, {"start": "00:04:05", "end": "00:04:10", "text": "crypto typically plays in. And so when"}, {"start": "00:04:07", "end": "00:04:12", "text": "you have this pattern where in 2025"}, {"start": "00:04:10", "end": "00:04:14", "text": "there's an incredible runup in"}, {"start": "00:04:12", "end": "00:04:16", "text": "cryptocurrency uh and now there's other"}, {"start": "00:04:14", "end": "00:04:18", "text": "risk uh and volatile kind of more"}, {"start": "00:04:16", "end": "00:04:20", "text": "speculative asset classes that are also"}, {"start": "00:04:18", "end": "00:04:22", "text": "coming in uh and demanding a lot of"}, {"start": "00:04:20", "end": "00:04:24", "text": "attention and potentially a lot of"}, {"start": "00:04:22", "end": "00:04:26", "text": "liquidity uh then that's what you get."}, {"start": "00:04:24", "end": "00:04:29", "text": "you get rotation of those same dollars"}, {"start": "00:04:26", "end": "00:04:31", "text": "that are seeking growth, risk and yield."}, {"start": "00:04:29", "end": "00:04:34", "text": "And particularly in this window, what"}, {"start": "00:04:31", "end": "00:04:35", "text": "you see is uh well folks have got to"}, {"start": "00:04:34", "end": "00:04:38", "text": "raise their money uh in order to"}, {"start": "00:04:35", "end": "00:04:39", "text": "participate in that IPO. Uh whether"}, {"start": "00:04:38", "end": "00:04:42", "text": "you're institutional or retail and I"}, {"start": "00:04:39", "end": "00:04:44", "text": "believe about 30% of the SpaceX IPO is"}, {"start": "00:04:42", "end": "00:04:46", "text": "being allocated towards retail. And so"}, {"start": "00:04:44", "end": "00:04:48", "text": "across all sort of investor types, um"}, {"start": "00:04:46", "end": "00:04:49", "text": "what you've got to do is you've got to"}, {"start": "00:04:48", "end": "00:04:49", "text": "rotate in order to be able to"}, {"start": "00:04:49", "end": "00:04:53", "text": "participate."}, {"start": "00:04:49", "end": "00:04:55", "text": ">> Well, the SpaceX momentum hype trade"}, {"start": "00:04:53", "end": "00:04:57", "text": "just ended. I'm not saying the price is"}, {"start": "00:04:55", "end": "00:05:01", "text": "ending. I'm saying now the market must"}, {"start": "00:04:57", "end": "00:05:03", "text": "digest over the next several weeks, if"}, {"start": "00:05:01", "end": "00:05:05", "text": "not a few months. The market will digest"}, {"start": "00:05:03", "end": "00:05:07", "text": "and we'll find the true value picked by"}, {"start": "00:05:05", "end": "00:05:08", "text": "the market of the price action for"}, {"start": "00:05:07", "end": "00:05:11", "text": "SpaceX. And by the way, if you're"}, {"start": "00:05:08", "end": "00:05:13", "text": "partaking, I recommend trading with zero"}, {"start": "00:05:11", "end": "00:05:16", "text": "fees. I mean, literally, this is limited"}, {"start": "00:05:13", "end": "00:05:18", "text": "time, zero fees on SpaceX. If you want a"}, {"start": "00:05:16", "end": "00:05:21", "text": "long, short, just last for the next 9ish"}, {"start": "00:05:18", "end": "00:05:24", "text": "days, link down below if you want to"}, {"start": "00:05:21", "end": "00:05:27", "text": "trade the momentum and win the rewards"}, {"start": "00:05:24", "end": "00:05:29", "text": "limited time. But as the market digests"}, {"start": "00:05:27", "end": "00:05:31", "text": "the SpaceX IPO,"}, {"start": "00:05:29", "end": "00:05:33", "text": "understand the exact same thing is"}, {"start": "00:05:31", "end": "00:05:35", "text": "happening with the Bitcoin price. Now"}, {"start": "00:05:33", "end": "00:05:37", "text": "that we've hit the 200E moving average"}, {"start": "00:05:35", "end": "00:05:39", "text": "and we're watching these shorter term"}, {"start": "00:05:37", "end": "00:05:42", "text": "moving averages consolidate into one."}, {"start": "00:05:39", "end": "00:05:44", "text": "This is a bottoming process, right? So"}, {"start": "00:05:42", "end": "00:05:50", "text": "we've began the bottoming process."}, {"start": "00:05:44", "end": "00:05:53", "text": "Understand this. Elon just created 4,400"}, {"start": "00:05:50", "end": "00:05:56", "text": "millionaires in a single day. 400 of"}, {"start": "00:05:53", "end": "00:05:59", "text": "them are now worth over $100 million."}, {"start": "00:05:56", "end": "00:06:01", "text": "And these aren't VCs. These are SpaceX"}, {"start": "00:05:59", "end": "00:06:04", "text": "employees. And the list includes"}, {"start": "00:06:01", "end": "00:06:06", "text": "welders, technicians, cafeteria staff"}, {"start": "00:06:04", "end": "00:06:10", "text": "because for two decades, the company"}, {"start": "00:06:06", "end": "00:06:12", "text": "paid every level of the workforce in"}, {"start": "00:06:10", "end": "00:06:16", "text": "stock instead of higher salaries. Now,"}, {"start": "00:06:12", "end": "00:06:17", "text": "this money, this big liquidity event, do"}, {"start": "00:06:16", "end": "00:06:19", "text": "you think they're going to keep it in US"}, {"start": "00:06:17", "end": "00:06:21", "text": "dollars? Probably not. I mean, Elon"}, {"start": "00:06:19", "end": "00:06:23", "text": "himself says, \"We're not going to be"}, {"start": "00:06:21", "end": "00:06:25", "text": "using this.\" And they're all these"}, {"start": "00:06:23", "end": "00:06:27", "text": "people are all believers what Elon says."}, {"start": "00:06:25", "end": "00:06:29", "text": "Also, I I don't really think this money"}, {"start": "00:06:27", "end": "00:06:30", "text": "is going to go into the stock market,"}, {"start": "00:06:29", "end": "00:06:32", "text": "right? They're already they're probably"}, {"start": "00:06:30", "end": "00:06:33", "text": "not going to cash out 100%, but they're"}, {"start": "00:06:32", "end": "00:06:36", "text": "going to take some of this money off the"}, {"start": "00:06:33", "end": "00:06:38", "text": "table, derisk, put it in something else."}, {"start": "00:06:36", "end": "00:06:40", "text": "So if it's not going in the stock market"}, {"start": "00:06:38", "end": "00:06:42", "text": "and it's not going into bonds, I mean"}, {"start": "00:06:40", "end": "00:06:44", "text": "it's not going into the US dollar, I"}, {"start": "00:06:42", "end": "00:06:47", "text": "believe it's going into scarcity. In the"}, {"start": "00:06:44", "end": "00:06:49", "text": "world of infinity, in the world where AI"}, {"start": "00:06:47", "end": "00:06:52", "text": "can create a 100,000 Mona Lisas in a"}, {"start": "00:06:49", "end": "00:06:55", "text": "second, can create infinity of anything"}, {"start": "00:06:52", "end": "00:06:57", "text": "instantly. This money and the money in"}, {"start": "00:06:55", "end": "00:06:59", "text": "the next decade will flow into scarcity."}, {"start": "00:06:57", "end": "00:07:01", "text": "So that's something like gold in the"}, {"start": "00:06:59", "end": "00:07:04", "text": "physical world. That's something like"}, {"start": "00:07:01", "end": "00:07:07", "text": "land, not land everywhere, but land in"}, {"start": "00:07:04", "end": "00:07:08", "text": "very nice areas that you can't just make"}, {"start": "00:07:07", "end": "00:07:12", "text": "more of. It's going to flow into real"}, {"start": "00:07:08", "end": "00:07:16", "text": "estate and it's going to flow into"}, {"start": "00:07:12", "end": "00:07:18", "text": "absolute scarcity. Bitcoin is absolute"}, {"start": "00:07:16", "end": "00:07:19", "text": "scarcity. It's digital, which obviously"}, {"start": "00:07:18", "end": "00:07:22", "text": "the future is. Future is going to be"}, {"start": "00:07:19", "end": "00:07:25", "text": "digital. And that is again why we're"}, {"start": "00:07:22", "end": "00:07:28", "text": "seeing a bottoming process. Money step"}, {"start": "00:07:25", "end": "00:07:30", "text": "back in, come back in into Bitcoin. What"}, {"start": "00:07:28", "end": "00:07:32", "text": "about altcoins? What about crypto"}, {"start": "00:07:30", "end": "00:07:34", "text": "besides Bitcoin? Well, in my video next"}, {"start": "00:07:32", "end": "00:07:36", "text": "week, we are going to be revisiting the"}, {"start": "00:07:34", "end": "00:07:38", "text": "top altcoins that are still breaking"}, {"start": "00:07:36", "end": "00:07:40", "text": "through the noise. So, click subscribe."}, {"start": "00:07:38", "end": "00:07:42", "text": "You do not want to miss that video. But"}, {"start": "00:07:40", "end": "00:07:45", "text": "also, with Bitcoin being the market"}, {"start": "00:07:42", "end": "00:07:47", "text": "mover and being integrated into the"}, {"start": "00:07:45", "end": "00:07:49", "text": "traditional system, I mean, Bitcoin is"}, {"start": "00:07:47", "end": "00:07:51", "text": "so small compared to the traditional"}, {"start": "00:07:49", "end": "00:07:54", "text": "system, all these products are being"}, {"start": "00:07:51", "end": "00:07:56", "text": "built today. And that's new pools of"}, {"start": "00:07:54", "end": "00:07:59", "text": "capital opening up, being put into"}, {"start": "00:07:56", "end": "00:08:01", "text": "Bitcoin. We want five or 10% of all the"}, {"start": "00:07:59", "end": "00:08:03", "text": "credit in the world. So if the credit's"}, {"start": "00:08:01", "end": "00:08:06", "text": "300 trillion, we want 15 to 30 trillion"}, {"start": "00:08:03", "end": "00:08:10", "text": "of it to flow into Bitcoin back credit"}, {"start": "00:08:06", "end": "00:08:12", "text": "instruments. We want 5 10 20 30% of all"}, {"start": "00:08:10", "end": "00:08:15", "text": "the money markets in the world to flow"}, {"start": "00:08:12", "end": "00:08:19", "text": "into digital money. There's 1 trillion"}, {"start": "00:08:15", "end": "00:08:22", "text": "in Bitcoin and there's 1,000 trillion"}, {"start": "00:08:19", "end": "00:08:24", "text": "elsewhere. Digital capital is"}, {"start": "00:08:22", "end": "00:08:26", "text": "competitive with metallic capital, real"}, {"start": "00:08:24", "end": "00:08:28", "text": "estate capital, equity capital, and"}, {"start": "00:08:26", "end": "00:08:30", "text": "credit capital. What is money? Well,"}, {"start": "00:08:28", "end": "00:08:33", "text": "gold is money. Everything else is credit"}, {"start": "00:08:30", "end": "00:08:35", "text": "according to JP Morgan 100 years ago."}, {"start": "00:08:33", "end": "00:08:37", "text": "Bitcoin is money. Everything else is"}, {"start": "00:08:35", "end": "00:08:39", "text": "credit according to Michael Sailor."}, {"start": "00:08:37", "end": "00:08:43", "text": ">> Look for the signal through the noise."}, {"start": "00:08:39", "end": "00:08:43", "text": "My name's Austin, like always."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "It's the beginning of the bottoming"}, {"start": "00:00:02", "end": "00:00:08", "text": "process because the smaller moving"}, {"start": "00:00:04", "end": "00:00:10", "text": "averages need time now to come down and"}, {"start": "00:00:08", "end": "00:00:12", "text": "consolidate. When we touched the 200E"}, {"start": "00:00:10", "end": "00:00:15", "text": "moving average in the last bare market,"}, {"start": "00:00:12", "end": "00:00:17", "text": "we needed then 6 months for the smaller"}, {"start": "00:00:15", "end": "00:00:20", "text": "time moving average to come down and"}, {"start": "00:00:17", "end": "00:00:23", "text": "consolidate. This forms a bottom in the"}, {"start": "00:00:20", "end": "00:00:25", "text": "2018 bare market as well. when we"}, {"start": "00:00:23", "end": "00:00:26", "text": "touched the 200week moving average the"}, {"start": "00:00:25", "end": "00:00:28", "text": "first time that market I mean the bare"}, {"start": "00:00:26", "end": "00:00:30", "text": "market had started months and months and"}, {"start": "00:00:28", "end": "00:00:31", "text": "months and months prior but this was the"}, {"start": "00:00:30", "end": "00:00:34", "text": "beginning of the bottoming process and"}, {"start": "00:00:31", "end": "00:00:36", "text": "then we needed months for the two for"}, {"start": "00:00:34", "end": "00:00:38", "text": "the smaller time moving averages to come"}, {"start": "00:00:36", "end": "00:00:40", "text": "down consolidate they don't have to"}, {"start": "00:00:38", "end": "00:00:43", "text": "cross but this is the beginning of the"}, {"start": "00:00:40", "end": "00:00:46", "text": "bottoming process the only thing that"}, {"start": "00:00:43", "end": "00:00:49", "text": "would invalidate that if we somehow the"}, {"start": "00:00:46", "end": "00:00:51", "text": "Bitcoin price gets above the 200day"}, {"start": "00:00:49", "end": "00:00:55", "text": "moving average which is in the yellow"}, {"start": "00:00:51", "end": "00:00:57", "text": "which right now was around 778,000."}, {"start": "00:00:55", "end": "00:00:59", "text": "If we just keep climbing and climbing"}, {"start": "00:00:57", "end": "00:01:01", "text": "and climbing and we somehow not just"}, {"start": "00:00:59", "end": "00:01:04", "text": "touch it but confirm above it and keep"}, {"start": "00:01:01", "end": "00:01:06", "text": "going the 200 day moving average, that's"}, {"start": "00:01:04", "end": "00:01:08", "text": "the bull market, right? You'll miss the"}, {"start": "00:01:06", "end": "00:01:10", "text": "exact bottom, but that's the bull market"}, {"start": "00:01:08", "end": "00:01:13", "text": "historically. So those in the most basic"}, {"start": "00:01:10", "end": "00:01:16", "text": "sense, the two things I'm looking at to"}, {"start": "00:01:13", "end": "00:01:16", "text": "be a smart Bitcoin investor."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "I love the inflation. You know why?"}, {"start": "00:00:01", "end": "00:00:08", "text": ">> Here are three reasons the Bitcoin sell"}, {"start": "00:00:04", "end": "00:00:11", "text": "pressure continues and why 90% of"}, {"start": "00:00:08", "end": "00:00:12", "text": "altcoins will not make it into the next"}, {"start": "00:00:11", "end": "00:00:14", "text": "bull run."}, {"start": "00:00:12", "end": "00:00:17", "text": ">> Chainlink has quadrupled their business"}, {"start": "00:00:14", "end": "00:00:18", "text": "this past year and the tokens down 80%"}, {"start": "00:00:17", "end": "00:00:20", "text": "because Chain Link does not share"}, {"start": "00:00:18", "end": "00:00:22", "text": "revenues with token holders at this"}, {"start": "00:00:20", "end": "00:00:25", "text": "point. It's mo it's mostly a memecoin"}, {"start": "00:00:22", "end": "00:00:25", "text": "and a lot of crypto tokens are like"}, {"start": "00:00:25", "end": "00:00:28", "text": "that."}, {"start": "00:00:25", "end": "00:00:32", "text": ">> The key is which altcoins. So three"}, {"start": "00:00:28", "end": "00:00:35", "text": "reasons. Number one, US inflation tops"}, {"start": "00:00:32", "end": "00:00:38", "text": "4% for the first time in 3 years as oil"}, {"start": "00:00:35", "end": "00:00:40", "text": "prices jump. And it's not why it's"}, {"start": "00:00:38", "end": "00:00:42", "text": "happening. We obviously know why. The"}, {"start": "00:00:40", "end": "00:00:44", "text": "big thing is oil. That's the reason"}, {"start": "00:00:42", "end": "00:00:46", "text": "prices are surging. A big one which"}, {"start": "00:00:44", "end": "00:00:49", "text": "affects fertilizer, affects food,"}, {"start": "00:00:46", "end": "00:00:51", "text": "affects energy. It's not why it"}, {"start": "00:00:49", "end": "00:00:53", "text": "happened, but it's the response that"}, {"start": "00:00:51", "end": "00:00:57", "text": "this is going to bring. Let me explain."}, {"start": "00:00:53", "end": "00:01:00", "text": "May CPI inflation rises to 4.2%, 2%, the"}, {"start": "00:00:57", "end": "00:01:04", "text": "highest level since April of 2023, as"}, {"start": "00:01:00", "end": "00:01:07", "text": "well as core CPI inflation also rises to"}, {"start": "00:01:04", "end": "00:01:09", "text": "2.9%, the highest level since September"}, {"start": "00:01:07", "end": "00:01:12", "text": "of 2025. This was not supposed to"}, {"start": "00:01:09", "end": "00:01:14", "text": "happen. Inflation in the US is"}, {"start": "00:01:12", "end": "00:01:18", "text": "officially back above 4% and more than"}, {"start": "00:01:14", "end": "00:01:21", "text": "double the Fed's target. Odds of Fed"}, {"start": "00:01:18", "end": "00:01:23", "text": "rate hikes are rising. So, Bitcoin and"}, {"start": "00:01:21", "end": "00:01:26", "text": "gold are supposed to benefit from"}, {"start": "00:01:23", "end": "00:01:28", "text": "inflation. They're a debasement hedge."}, {"start": "00:01:26", "end": "00:01:31", "text": "Yet, while gold continues to correct and"}, {"start": "00:01:28", "end": "00:01:33", "text": "Bitcoin sort of consolidates, it's"}, {"start": "00:01:31", "end": "00:01:35", "text": "really the expected response from new"}, {"start": "00:01:33", "end": "00:01:38", "text": "Fed chair Kevin Och. He's going to have"}, {"start": "00:01:35", "end": "00:01:41", "text": "to raise rates to counter this or at"}, {"start": "00:01:38", "end": "00:01:43", "text": "least he won't be able to lower them and"}, {"start": "00:01:41", "end": "00:01:45", "text": "Donald Trump is not budging. This is his"}, {"start": "00:01:43", "end": "00:01:47", "text": "exact quote. I love the inflation."}, {"start": "00:01:45", "end": "00:01:49", "text": ">> Are you concerned, Mr. President, about"}, {"start": "00:01:47", "end": "00:01:51", "text": "the latest inflation number which came"}, {"start": "00:01:49", "end": "00:01:53", "text": "out this morning? Could that be a"}, {"start": "00:01:51", "end": "00:01:55", "text": ">> No, I love it. The numbers were great."}, {"start": "00:01:53", "end": "00:01:56", "text": ">> You know what I really love? I love the"}, {"start": "00:01:55", "end": "00:01:58", "text": "inflation. You know why?"}, {"start": "00:01:56", "end": "00:02:01", "text": ">> Because as soon as this war is over."}, {"start": "00:01:58", "end": "00:02:04", "text": ">> Yes. As soon as this war is over,"}, {"start": "00:02:01", "end": "00:02:06", "text": "inflation, energy price inflation may"}, {"start": "00:02:04", "end": "00:02:08", "text": "subside 3 6 months after. But until"}, {"start": "00:02:06", "end": "00:02:11", "text": "then, because of the fear of rate hikes,"}, {"start": "00:02:08", "end": "00:02:13", "text": "crypto and risk assets are getting"}, {"start": "00:02:11", "end": "00:02:15", "text": "crushed. I mean, just listen to this."}, {"start": "00:02:13", "end": "00:02:18", "text": "Whether Donald Trump is bluffing or not,"}, {"start": "00:02:15", "end": "00:02:22", "text": "just listen to the uncertainty that is"}, {"start": "00:02:18", "end": "00:02:24", "text": "that is being put into markets causing I"}, {"start": "00:02:22", "end": "00:02:25", "text": "mean uncertainty is bad for markets and"}, {"start": "00:02:24", "end": "00:02:27", "text": "this is uncertainty."}, {"start": "00:02:25", "end": "00:02:28", "text": ">> You said that now they will have to pay"}, {"start": "00:02:27", "end": "00:02:29", "text": "the price. What did you mean by that"}, {"start": "00:02:28", "end": "00:02:30", "text": "specifically?"}, {"start": "00:02:29", "end": "00:02:32", "text": ">> Well, we're going to be attacking them"}, {"start": "00:02:30", "end": "00:02:34", "text": "and attacking them very hard. You're"}, {"start": "00:02:32", "end": "00:02:35", "text": ">> resuming bombing."}, {"start": "00:02:34", "end": "00:02:37", "text": ">> Yeah. Well, we are based on a"}, {"start": "00:02:35", "end": "00:02:40", "text": "helicopter. I guess we have the right to"}, {"start": "00:02:37", "end": "00:02:42", "text": "do that. So, the next Fed meeting is"}, {"start": "00:02:40", "end": "00:02:45", "text": "next week, June 16th, with the results"}, {"start": "00:02:42", "end": "00:02:48", "text": "on the 17th, and inflation is more than"}, {"start": "00:02:45", "end": "00:02:50", "text": "double the Fed's current target. Nobody"}, {"start": "00:02:48", "end": "00:02:53", "text": "knows what Kevin Worsh will do. Will he"}, {"start": "00:02:50", "end": "00:02:56", "text": "adjust how inflation is measured and let"}, {"start": "00:02:53", "end": "00:02:59", "text": "the economy run hot? Will he defy Trump"}, {"start": "00:02:56", "end": "00:03:02", "text": "and hike rates? So, this is reason one"}, {"start": "00:02:59", "end": "00:03:03", "text": "out of three that the cryptocoin market"}, {"start": "00:03:02", "end": "00:03:05", "text": "is suffering. And you will not believe"}, {"start": "00:03:03", "end": "00:03:08", "text": "the third reason. That's the biggest."}, {"start": "00:03:05", "end": "00:03:11", "text": "Yet, there is noise. And then there is"}, {"start": "00:03:08", "end": "00:03:14", "text": "Signal. This is Signal. Bitcoin will be"}, {"start": "00:03:11", "end": "00:03:17", "text": "fine if you're willing to wait. Black"}, {"start": "00:03:14", "end": "00:03:19", "text": "Rockck just filed a new and probably"}, {"start": "00:03:17", "end": "00:03:22", "text": "final amendment for their Bitcoin"}, {"start": "00:03:19", "end": "00:03:27", "text": "premium income ETF, Bida, and we have a"}, {"start": "00:03:22", "end": "00:03:30", "text": "fee 65 basis points. obviously higher"}, {"start": "00:03:27", "end": "00:03:33", "text": "than IBIT, just their spot Bitcoin ETF,"}, {"start": "00:03:30", "end": "00:03:36", "text": "but it is lower than the two biggest"}, {"start": "00:03:33", "end": "00:03:39", "text": "ETFs in the covered call category, which"}, {"start": "00:03:36", "end": "00:03:42", "text": "this is, which are 95 and 99 basis"}, {"start": "00:03:39", "end": "00:03:45", "text": "points. My guess is this is going to"}, {"start": "00:03:42", "end": "00:03:47", "text": "launch very soon. They're under the gun"}, {"start": "00:03:45", "end": "00:03:49", "text": "to beat Golden into market, who is going"}, {"start": "00:03:47", "end": "00:03:52", "text": "to be effective around July 1st, game"}, {"start": "00:03:49", "end": "00:03:55", "text": "on. So essentially this caps your upside"}, {"start": "00:03:52", "end": "00:03:56", "text": "but gives you more steady income for"}, {"start": "00:03:55", "end": "00:03:59", "text": "investors. They do this by holding the"}, {"start": "00:03:56", "end": "00:04:02", "text": "Bitcoin but also selling call options."}, {"start": "00:03:59", "end": "00:04:03", "text": "Meaning Wall Street is no longer asking"}, {"start": "00:04:02", "end": "00:04:06", "text": "whether Bitcoin belongs in your"}, {"start": "00:04:03", "end": "00:04:09", "text": "portfolio. They're now building yield"}, {"start": "00:04:06", "end": "00:04:11", "text": "products around it. Black Rockcks in."}, {"start": "00:04:09", "end": "00:04:13", "text": "Goldman is in. If you think Bitcoin is"}, {"start": "00:04:11", "end": "00:04:16", "text": "going to zero, which is outrageous at"}, {"start": "00:04:13", "end": "00:04:19", "text": "this point, you're wrong. Bitcoin will"}, {"start": "00:04:16", "end": "00:04:21", "text": "be fine. Yet most of these altcoins are"}, {"start": "00:04:19", "end": "00:04:22", "text": "in serious trouble. In case point, I"}, {"start": "00:04:21", "end": "00:04:25", "text": "want to give you examples. I make the"}, {"start": "00:04:22", "end": "00:04:27", "text": "statement, then I give you examples. For"}, {"start": "00:04:25", "end": "00:04:29", "text": "example, do you remember Polygon Madic"}, {"start": "00:04:27", "end": "00:04:32", "text": "or now the ticker pole? Used to be"}, {"start": "00:04:29", "end": "00:04:35", "text": "Madic. Is this ever coming back? I mean,"}, {"start": "00:04:32", "end": "00:04:38", "text": "we understand Ethereum L2s. Ethereum, I"}, {"start": "00:04:35", "end": "00:04:42", "text": "hope I I think my bet is it's going to"}, {"start": "00:04:38", "end": "00:04:45", "text": "be fine. But why do so many tokens fail"}, {"start": "00:04:42", "end": "00:04:48", "text": "even though the business maybe of L2s do"}, {"start": "00:04:45", "end": "00:04:50", "text": "fine? How come that doesn't translate to"}, {"start": "00:04:48", "end": "00:04:53", "text": "token holders? How come chain link, one"}, {"start": "00:04:50", "end": "00:04:55", "text": "of the blue chips in crypto, has 10xed"}, {"start": "00:04:53", "end": "00:04:59", "text": "in adoption in the last 5 years? I mean,"}, {"start": "00:04:55", "end": "00:05:01", "text": "that's undeniable. Yet, token holders"}, {"start": "00:04:59", "end": "00:05:05", "text": "have gotten nothing. This was really"}, {"start": "00:05:01", "end": "00:05:08", "text": "interesting to me. James Aler, Altucher,"}, {"start": "00:05:05", "end": "00:05:12", "text": "strategist at TA Synergies, explains how"}, {"start": "00:05:08", "end": "00:05:14", "text": "very few tokens actually reward their"}, {"start": "00:05:12", "end": "00:05:17", "text": "holders. Usually the business does well"}, {"start": "00:05:14", "end": "00:05:19", "text": "but token holders don't get the value."}, {"start": "00:05:17", "end": "00:05:22", "text": "He does talk about subnet alpha tokens"}, {"start": "00:05:19", "end": "00:05:25", "text": "which are the tokens on bitensor towo."}, {"start": "00:05:22", "end": "00:05:28", "text": "Just understand subnets or subnet alpha"}, {"start": "00:05:25", "end": "00:05:32", "text": "tokens are like investing in the early"}, {"start": "00:05:28", "end": "00:05:34", "text": "stage AI or robotics startups. So these"}, {"start": "00:05:32", "end": "00:05:37", "text": "are very early stage companies AI or"}, {"start": "00:05:34", "end": "00:05:39", "text": "robotics. Listen then I'll react. I"}, {"start": "00:05:37", "end": "00:05:42", "text": "think the biggest problem Wall Street"}, {"start": "00:05:39", "end": "00:05:44", "text": "investors have is the problem Evan"}, {"start": "00:05:42", "end": "00:05:47", "text": "mentioned which is that"}, {"start": "00:05:44", "end": "00:05:49", "text": "are sub what are subnet what gives"}, {"start": "00:05:47", "end": "00:05:51", "text": "subnet tokens or any crypto tokens"}, {"start": "00:05:49", "end": "00:05:53", "text": "value? He mentioned polygon as an"}, {"start": "00:05:51", "end": "00:05:56", "text": "example where"}, {"start": "00:05:53", "end": "00:05:57", "text": "polygon owners of that token don't"}, {"start": "00:05:56", "end": "00:06:00", "text": "really benefit from the success of that"}, {"start": "00:05:57", "end": "00:06:02", "text": "business. Chainlink has quadrupled their"}, {"start": "00:06:00", "end": "00:06:04", "text": "business this past year and the tokens"}, {"start": "00:06:02", "end": "00:06:06", "text": "down 80% because Chainlink does not"}, {"start": "00:06:04", "end": "00:06:08", "text": "share revenues with token holders at"}, {"start": "00:06:06", "end": "00:06:11", "text": "this point. It's mo it's mostly a"}, {"start": "00:06:08", "end": "00:06:14", "text": "memecoin and a lot of crypto tokens are"}, {"start": "00:06:11", "end": "00:06:16", "text": "like that. So you need to have either"}, {"start": "00:06:14", "end": "00:06:19", "text": "utility value where there's a reason"}, {"start": "00:06:16", "end": "00:06:21", "text": "you're owning the token. So Bitcoin the"}, {"start": "00:06:19", "end": "00:06:23", "text": "reason to own token initially was to"}, {"start": "00:06:21", "end": "00:06:25", "text": "make transactions. Now it might be the"}, {"start": "00:06:23", "end": "00:06:29", "text": "utility is as a safe haven. By the way,"}, {"start": "00:06:25", "end": "00:06:31", "text": "Tao has enormous utility. you you buy"}, {"start": "00:06:29", "end": "00:06:34", "text": "subnets with Tao. You can't buy a subnet"}, {"start": "00:06:31", "end": "00:06:35", "text": "token without Tao. So there's enormous"}, {"start": "00:06:34", "end": "00:06:36", "text": "utility. Like for instance, if you want"}, {"start": "00:06:35", "end": "00:06:38", "text": "to increase demand for Tao, just double"}, {"start": "00:06:36", "end": "00:06:39", "text": "the number of possible subnets right"}, {"start": "00:06:38", "end": "00:06:42", "text": "now. You'd increase immediately the"}, {"start": "00:06:39", "end": "00:06:43", "text": "demand for Tao. So Tao has enormous"}, {"start": "00:06:42", "end": "00:06:45", "text": "utility. But the other thing what Wall"}, {"start": "00:06:43", "end": "00:06:47", "text": "Street's really looking for is well is"}, {"start": "00:06:45", "end": "00:06:49", "text": "there is this the subnet tokens"}, {"start": "00:06:47", "end": "00:06:51", "text": "represent equity? Is this a claim on"}, {"start": "00:06:49", "end": "00:06:52", "text": "future cash flows? Or if the if the"}, {"start": "00:06:51", "end": "00:06:55", "text": "subnet gets sold, this is a question. If"}, {"start": "00:06:52", "end": "00:06:57", "text": "a subnet gets sold, do the subnet"}, {"start": "00:06:55", "end": "00:06:59", "text": "holders benefit? you know, that's the"}, {"start": "00:06:57", "end": "00:07:00", "text": "questions they're asking. I'm not saying"}, {"start": "00:06:59", "end": "00:07:02", "text": "whether those are good questions or bad."}, {"start": "00:07:00", "end": "00:07:03", "text": "That's the level of understanding."}, {"start": "00:07:02", "end": "00:07:06", "text": ">> Honestly, I thought those were great"}, {"start": "00:07:03", "end": "00:07:09", "text": "questions. I mean, to me, that just"}, {"start": "00:07:06", "end": "00:07:11", "text": "shows how early we are in crypto. You"}, {"start": "00:07:09", "end": "00:07:13", "text": "should be paid for the risk you're"}, {"start": "00:07:11", "end": "00:07:14", "text": "willing to take. If there was no risk,"}, {"start": "00:07:13", "end": "00:07:17", "text": "there wouldn't be opportunity"}, {"start": "00:07:14", "end": "00:07:20", "text": "opportunity in crypto. And finally, as"}, {"start": "00:07:17", "end": "00:07:23", "text": "you know, drawing big big liquidity out"}, {"start": "00:07:20", "end": "00:07:27", "text": "of the speculative crypto market, 90% of"}, {"start": "00:07:23", "end": "00:07:30", "text": "altcoins, the SpaceX IPO nears four"}, {"start": "00:07:27", "end": "00:07:32", "text": "times overs subscribed, squeezing crypto"}, {"start": "00:07:30", "end": "00:07:35", "text": "and tech. So, liquidity is just flowing"}, {"start": "00:07:32", "end": "00:07:37", "text": "in to these massive centralized AI"}, {"start": "00:07:35", "end": "00:07:39", "text": "plays. Now, anybody that wants exposure"}, {"start": "00:07:37", "end": "00:07:42", "text": "to the price action, I recommend"}, {"start": "00:07:39", "end": "00:07:46", "text": "Exchange Partner WEX. Join the SpaceX"}, {"start": "00:07:42", "end": "00:07:48", "text": "hype and share $60,000. So, this lasts"}, {"start": "00:07:46", "end": "00:07:51", "text": "for 10 days, but SpaceX is about to"}, {"start": "00:07:48", "end": "00:07:52", "text": "launch Friday. First come, first serve."}, {"start": "00:07:51", "end": "00:07:56", "text": "And anybody that just makes a net"}, {"start": "00:07:52", "end": "00:08:00", "text": "deposit of $100 or greater, as well as a"}, {"start": "00:07:56", "end": "00:08:02", "text": "trading task gets $5 in SpaceX. All"}, {"start": "00:08:00", "end": "00:08:05", "text": "details linked down below. Follow along."}, {"start": "00:08:02", "end": "00:08:07", "text": "For example, zero fees on SpaceX only"}, {"start": "00:08:05", "end": "00:08:09", "text": "for the altcoin daily army linked below."}, {"start": "00:08:07", "end": "00:08:12", "text": "Limited time. And that's why I think"}, {"start": "00:08:09", "end": "00:08:15", "text": "Ethereum will be one of the coins that"}, {"start": "00:08:12", "end": "00:08:19", "text": "does make it because well 90% of"}, {"start": "00:08:15", "end": "00:08:22", "text": "altcoins won't. I think the network"}, {"start": "00:08:19", "end": "00:08:23", "text": "effect is the real value. What has the"}, {"start": "00:08:22", "end": "00:08:27", "text": "network? What actually has the building"}, {"start": "00:08:23", "end": "00:08:29", "text": "the utility network effects will win and"}, {"start": "00:08:27", "end": "00:08:32", "text": "Ethereum's network activity is sitting"}, {"start": "00:08:29", "end": "00:08:36", "text": "at alltime high levels despite the price"}, {"start": "00:08:32", "end": "00:08:39", "text": "looking dead. I like this. I like this."}, {"start": "00:08:36", "end": "00:08:41", "text": "When p everybody's saying price is dead,"}, {"start": "00:08:39", "end": "00:08:43", "text": "yet the fundamentals tell a different"}, {"start": "00:08:41", "end": "00:08:46", "text": "story. That's opportunity. The daily"}, {"start": "00:08:43", "end": "00:08:50", "text": "active addresses are hovering near the"}, {"start": "00:08:46", "end": "00:08:53", "text": "network's highest range ever. So in 2018"}, {"start": "00:08:50", "end": "00:08:57", "text": "peak, it was around 720,000."}, {"start": "00:08:53", "end": "00:08:58", "text": "In the 2021 bull run peak, it was around"}, {"start": "00:08:57", "end": "00:09:02", "text": "800,000."}, {"start": "00:08:58", "end": "00:09:06", "text": "and the 2025 26 it regularly was pushing"}, {"start": "00:09:02", "end": "00:09:10", "text": "past 1 mil peaking above 1.3 mil. The"}, {"start": "00:09:06", "end": "00:09:12", "text": "network is doing more real activity now"}, {"start": "00:09:10", "end": "00:09:14", "text": "than it did at the top of the last two"}, {"start": "00:09:12", "end": "00:09:18", "text": "bull markets and the price is stuck"}, {"start": "00:09:14", "end": "00:09:20", "text": "under 2K. Also, if you like Solana,"}, {"start": "00:09:18", "end": "00:09:23", "text": "you'll love this. The World Series of"}, {"start": "00:09:20", "end": "00:09:26", "text": "Poker is accepting Solana payments for"}, {"start": "00:09:23", "end": "00:09:28", "text": "tournament buyins starting this year in"}, {"start": "00:09:26", "end": "00:09:31", "text": "Las Vegas with stablecoin payouts"}, {"start": "00:09:28", "end": "00:09:34", "text": "rolling out at the World Seeries of"}, {"start": "00:09:31", "end": "00:09:36", "text": "Poker Paradise in the Bahamas this"}, {"start": "00:09:34", "end": "00:09:38", "text": "December. As you can see, I guess Solana"}, {"start": "00:09:36", "end": "00:09:40", "text": "is a partner. This is a this is a paid"}, {"start": "00:09:38", "end": "00:09:43", "text": "for thing, I guess, but Solana has"}, {"start": "00:09:40", "end": "00:09:46", "text": "premium exposure at a major, dare I say,"}, {"start": "00:09:43", "end": "00:09:50", "text": "sport. When everybody says this space is"}, {"start": "00:09:46", "end": "00:09:52", "text": "dead, I get excited. I think 90% of them"}, {"start": "00:09:50", "end": "00:09:54", "text": "will be dead, but I get excited at"}, {"start": "00:09:52", "end": "00:09:57", "text": "finding the opportunity of the other"}, {"start": "00:09:54", "end": "00:09:59", "text": "10%. Give me your thoughts down below."}, {"start": "00:09:57", "end": "00:10:01", "text": "What coin down below are you cutting"}, {"start": "00:09:59", "end": "00:10:03", "text": "from your portfolio you thought had"}, {"start": "00:10:01", "end": "00:10:06", "text": "value, but they're just not rewarding"}, {"start": "00:10:03", "end": "00:10:08", "text": "the token holders like they should?"}, {"start": "00:10:06", "end": "00:10:11", "text": "Responding to as many comments as I can."}, {"start": "00:10:08", "end": "00:10:11", "text": "Like always, I'll see you tomorrow."}]

[{"start": "00:00:00", "end": "00:00:07", "text": "On May 26, 2026, Manuel Arios, the co-founder�\nand former CTO of Open Zeppelin, posted a public��"}, {"start": "00:00:07", "end": "00:00:12", "text": "warning that read less like a hot take and�\nmore like a man pulling his own family out of��"}, {"start": "00:00:12", "end": "00:00:20", "text": "a burning building. His exact words were these.�\nI now consider all of DeFi unsafe. Now, this is��"}, {"start": "00:00:20", "end": "00:00:27", "text": "not some random perma bear shouting into the void.�\nThis is the person whose code secures roughly $250��"}, {"start": "00:00:27", "end": "00:00:34", "text": "billion in live protocol value, whose libraries�\nsit underneath around $35 trillion in commulative��"}, {"start": "00:00:34", "end": "00:00:42", "text": "onchain transactions and whose firm has run more�\nthan 900 audits across the entire industry. And he��"}, {"start": "00:00:42", "end": "00:00:47", "text": "confirmed he has been privately telling his own�\nfriends and family pull their money out of blue��"}, {"start": "00:00:47", "end": "00:00:55", "text": "chip protocols entirely, naming a maker DAO and�\ncompound directly. The truly extraordinary part is��"}, {"start": "00:00:55", "end": "00:01:01", "text": "the brutally simple logic underneath of it, backed�\nby AI research that suggests he might actually be��"}, {"start": "00:01:01", "end": "00:01:07", "text": "right. So today, I'm going to walk you through�\nexactly why the man who secured DeFi no longer��"}, {"start": "00:01:07", "end": "00:01:12", "text": "trusts it, dismantle whether the protocols holding�\nyour money are genuinely safer or just bigger��"}, {"start": "00:01:12", "end": "00:01:18", "text": "targets, and lay out the uncomfortable question�\nnobody in crypto wants to sit with. My name is��"}, {"start": "00:01:18", "end": "00:01:25", "text": "Lewis and you're watching the Coin Bureau. Now�\nbefore we get into why AI changes everything, you��"}, {"start": "00:01:25", "end": "00:01:31", "text": "need to understand who Arios actually is. Because�\nhis authority here is the entire reason this story��"}, {"start": "00:01:31", "end": "00:01:37", "text": "matters. Open Zeppelin is the foundation of�\nthe industry. They build the open-sourced��"}, {"start": "00:01:37", "end": "00:01:44", "text": "smart contract libraries that the vast majority�\nof DeFi is constructed from. The re-entry guards,��"}, {"start": "00:01:44", "end": "00:01:50", "text": "the access controls, the token standards, the�\ngovernance modules. Put simply, if Bitcoin is��"}, {"start": "00:01:50", "end": "00:01:57", "text": "the foundation of crypto, Open Zeppelin's code is�\nthe rebar inside the concrete of DeFi. A uses it,��"}, {"start": "00:01:57", "end": "00:02:04", "text": "Uniswap uses it, Compound, Maker Dow, Coinbase,�\neven the Ethereum Foundation itself lean on the��"}, {"start": "00:02:04", "end": "00:02:10", "text": "firm's work. Over the years, they have identified�\nmore than 10,000 vulnerabilities, and they hold��"}, {"start": "00:02:10", "end": "00:02:16", "text": "their own code to test coverage above 99%. So�\nwhen the person who wrote that rebar tells you��"}, {"start": "00:02:16", "end": "00:02:23", "text": "the building is no longer safe, you don't dismiss�\nit as noise. You ask what he knows that you don't.��"}, {"start": "00:02:23", "end": "00:02:28", "text": "And that brings us directly to the core of this�\nargument, which is an idea security people have��"}, {"start": "00:02:28", "end": "00:02:36", "text": "understood for decades. The asymmetry problem.�\nHere is a thesis in plain terms. A defender has��"}, {"start": "00:02:36", "end": "00:02:43", "text": "to find and fix every single bug in their code.�\nAn attacker only has to find one. That's it. That��"}, {"start": "00:02:43", "end": "00:02:49", "text": "is the whole game. And in DeFi, this imbalance is�\nsharpened to a razor's edge by three things that��"}, {"start": "00:02:49", "end": "00:02:56", "text": "don't exist in traditional software. First, the�\ncode is immutable, so a deployed contract often��"}, {"start": "00:02:56", "end": "00:03:02", "text": "cannot be patched once it's live. Second, the code�\nis fully public, meaning every attacker on Earth��"}, {"start": "00:03:02", "end": "00:03:07", "text": "can read your defenses for free. And third,�\nevery protocol is sitting on a transparent,��"}, {"start": "00:03:07", "end": "00:03:14", "text": "publicly advertised pile of money. We even have�\na hard number attached to this. A 2025 study by��"}, {"start": "00:03:14", "end": "00:03:20", "text": "Jerves and Zho modeled the economics of it. And�\nat a realistic vulnerability rate, attackers��"}, {"start": "00:03:20", "end": "00:03:27", "text": "turn a profit at around $6,000 of exploit value,�\nwhile defenders face roughly $60,000 in costs to��"}, {"start": "00:03:27", "end": "00:03:33", "text": "achieve the same coverage. That's a structural�\n10x cost imbalance that has always favored the��"}, {"start": "00:03:33", "end": "00:03:39", "text": "attacker. Now, keep in mind this asymmetry has�\nexisted since the very first smart contract.��"}, {"start": "00:03:39", "end": "00:03:45", "text": "So why is everyone panicking now? Well, because�\nfor years that imbalance was survivable. Finding��"}, {"start": "00:03:45", "end": "00:03:52", "text": "a genuinely novel exploit in a complex protocol�\nrequired elite human expertise, deep knowledge of��"}, {"start": "00:03:52", "end": "00:03:59", "text": "solidity, of the EVM, of the specific quirks of�\neach protocol's logic. The skill ceiling was so��"}, {"start": "00:03:59", "end": "00:04:04", "text": "high that it acted as a natural filter. The number�\nof people on the planet who could actually do this��"}, {"start": "00:04:04", "end": "00:04:12", "text": "was tiny and the ones who could were expensive and�\nslow. The audit and launch model worked because��"}, {"start": "00:04:12", "end": "00:04:19", "text": "attacks ran at human speed. But that filter just�\ngot vaporized. Which brings us to what AI agents��"}, {"start": "00:04:19", "end": "00:04:26", "text": "actually change. In December 2025, Anthropic and�\nits Matt's research program published something��"}, {"start": "00:04:26", "end": "00:04:32", "text": "called scone bench, a benchmark of 405 real�\ncontracts that had been exploited between��"}, {"start": "00:04:32", "end": "00:04:42", "text": "2020 and 2025. They pointed frontier models at it,�\nClaude Opus, Claude Sonnet, GPT5, and the models��"}, {"start": "00:04:42", "end": "00:04:50", "text": "successfully reproduced the exploits on 51% of�\nthe entire benchmark across all 405 contracts.��"}, {"start": "00:04:50", "end": "00:04:57", "text": "The AI agents extracted $550 million in simulated�\nfunds. Now, you might assume these models were��"}, {"start": "00:04:57", "end": "00:05:02", "text": "just regurgitating hacks they'd already seen�\nin their training data, which would make this��"}, {"start": "00:05:02", "end": "00:05:07", "text": "far less impressive. However, the researchers�\nspecifically tested contracts deployed after the��"}, {"start": "00:05:07", "end": "00:05:14", "text": "model's knowledge cutoff. Genuinely novel code�\nthe AI had never encountered. The result? Well,��"}, {"start": "00:05:14", "end": "00:05:22", "text": "the agents cracked 19 of 34 of them, generating�\n$4.6 $6 million in simulated exploit value out of��"}, {"start": "00:05:22", "end": "00:05:28", "text": "code they were seeing for the very first time. And�\nthe cost of doing this is collapsing. Scanning for��"}, {"start": "00:05:28", "end": "00:05:36", "text": "a single smart contract for vulnerabilities�\nnow cost roughly $122. In October 2025,��"}, {"start": "00:05:36", "end": "00:05:43", "text": "models scanning nearly 2,850 contracts surfaced�\ntwo completely novel zeroday vulnerabilities in��"}, {"start": "00:05:43", "end": "00:05:49", "text": "code with no previously known flaws. And here's a�\ndetail that should make every protocol team sweat.��"}, {"start": "00:05:49", "end": "00:05:56", "text": "Potential exploit revenue from these agents was�\ndoubling roughly every 1.3 months throughout 2025.��"}, {"start": "00:05:56", "end": "00:06:02", "text": "And there's also the hint factor. Researchers�\nfound that giving the agents a nudge towards��"}, {"start": "00:06:02", "end": "00:06:08", "text": "where a vulnerability lived meaningfully boosted�\ntheir success rates. Though the precise magnitude��"}, {"start": "00:06:08", "end": "00:06:13", "text": "is still being studied across model generations.�\nThat matters because the only thing currently��"}, {"start": "00:06:13", "end": "00:06:20", "text": "holding these agents back is the search problem.�\nAnd search is exactly what AI gets better at every��"}, {"start": "00:06:20", "end": "00:06:25", "text": "single month. Unlike a traditional fuzzer that�\njust throws random inputs at code, these agents��"}, {"start": "00:06:25", "end": "00:06:32", "text": "reason through the logic, write an exploit, test�\nit against live blockchain state, and iterate on��"}, {"start": "00:06:32", "end": "00:06:38", "text": "the feedback. They operate autonomously, rewriting�\ntheir own exploits until they break through.��"}, {"start": "00:06:38", "end": "00:06:44", "text": "And this isn't theoretical anymore. Anthropic's�\nown assessment was blunt. More than half of the��"}, {"start": "00:06:44", "end": "00:06:50", "text": "blockchain exploits carried out in 2025 could�\nhave been executed autonomously by current AI��"}, {"start": "00:06:50", "end": "00:06:59", "text": "agents. So Arios's point is this. Defenders get�\nthose exact same tools, but defenders still have��"}, {"start": "00:06:59", "end": "00:07:06", "text": "to be perfect and attackers still only need one�\nwin. Hand both sides an army and the side that��"}, {"start": "00:07:06", "end": "00:07:13", "text": "only needs to get lucky once wins the arms race.�\nWhich brings us directly to the protocols that you��"}, {"start": "00:07:13", "end": "00:07:20", "text": "actually use because this stopped being a thought�\nexperiment in April of 2026. Certic called April��"}, {"start": "00:07:20", "end": "00:07:27", "text": "the worst month for DeFi exploits in 4 years with�\nhacks landing on 27 of 30 days. Their assessment��"}, {"start": "00:07:27", "end": "00:07:36", "text": "of that surge was chilling. It quote could only be�\npossible with AI. In a single month, around $630��"}, {"start": "00:07:36", "end": "00:07:43", "text": "million was drained across 27 separate exploits.�\nAnd the headline event was the Kelp Dow hack,��"}, {"start": "00:07:43", "end": "00:07:48", "text": "which is the perfect case study in everything�\nthat we've been talking about with one devastating��"}, {"start": "00:07:48", "end": "00:07:56", "text": "twist. $292 million was stolen. And not one of�\nthose dollars came from a flaw in A's own code.��"}, {"start": "00:07:56", "end": "00:08:02", "text": "The exploit lived in the bridge infrastructure�\nconnecting to a trust layer failure with a��"}, {"start": "00:08:02", "end": "00:08:08", "text": "misconfigured verifier. The kind of attack that�\nstandard smart contract audits simply do not��"}, {"start": "00:08:08", "end": "00:08:16", "text": "catch. And yet the consequences for a were brutal.�\nIn the 48 hours after the exploit, $8.45 billion��"}, {"start": "00:08:16", "end": "00:08:24", "text": "was withdrawn in a full-blown bank run. A's total�\nvalue locked collapsed from around 26.4 4 billion��"}, {"start": "00:08:24", "end": "00:08:34", "text": "to roughly 14.5 billion. That's a 45% wipeout in�\n30 days triggered by code that wasn't even a. So��"}, {"start": "00:08:34", "end": "00:08:40", "text": "here's the uncomfortable answer to the question�\neveryone asks. Are bluechip protocols safer��"}, {"start": "00:08:40", "end": "00:08:47", "text": "because of years of audits? A has been through�\nmore than 15 independent audits since 2020. It��"}, {"start": "00:08:47", "end": "00:08:55", "text": "is about as battle tested as DeFi gets, but that�\n$14.5 billion still sitting inside of it isn't a��"}, {"start": "00:08:55", "end": "00:09:02", "text": "safety record. To an AI agent scanning DeFi Lama�\nin real time is a publicly advertised bounty. The��"}, {"start": "00:09:02", "end": "00:09:08", "text": "bigger the protocol, the bigger the prize, and the�\nmore compute it's worth throwing at finding the��"}, {"start": "00:09:08", "end": "00:09:15", "text": "one bug everyone else missed. And composibility�\nmeans that you don't even have to break a to��"}, {"start": "00:09:15", "end": "00:09:22", "text": "drain it. You just break something A touches. Now�\nlook though, it would be dishonest to pretend that��"}, {"start": "00:09:22", "end": "00:09:28", "text": "everyone agrees with Ario's because the push�\nback was immediate and some of it is genuinely��"}, {"start": "00:09:28", "end": "00:09:35", "text": "strong. Open Zeppelin, the company he co-founded,�\npublicly distanced itself from his stance, framing��"}, {"start": "00:09:35", "end": "00:09:43", "text": "AI as a powerful defensive tool when paired with�\nexpert human judgment. A's founder Stani Kulakov��"}, {"start": "00:09:43", "end": "00:09:49", "text": "pointed to better risk engines and real-time�\nmonitoring like forta and open zeppelin defender.��"}, {"start": "00:09:49", "end": "00:09:55", "text": "Mark Zeller from a governance argued that most�\nrecent losses come from operational security��"}, {"start": "00:09:55", "end": "00:10:02", "text": "failures and misconfigurations not contract code�\nbugs. And Michael Heinrich, CEO of Zerog Labs,��"}, {"start": "00:10:02", "end": "00:10:10", "text": "made the strongest databased case of it all. DeFi�\nlending security has improved by roughly 98% since��"}, {"start": "00:10:10", "end": "00:10:19", "text": "2020 with daily loss rates on major protocols now�\nas low as 0.001%. Losses as a percentage of total��"}, {"start": "00:10:19", "end": "00:10:30", "text": "value locked are projected at 1.49% for 2026 down�\nfrom 7.24% in 2022. There's also a real technical��"}, {"start": "00:10:30", "end": "00:10:38", "text": "limit on the AI threat right now. False positive�\nrates on live protocols often exceed 97%. Meaning��"}, {"start": "00:10:38", "end": "00:10:45", "text": "the agents still need a human to try the noise. So�\nthe optimistic read is that DeFi is getting safer,��"}, {"start": "00:10:45", "end": "00:10:53", "text": "not more dangerous. And that brings us to the�\nobvious question. If AI is the threat, can't AI��"}, {"start": "00:10:53", "end": "00:10:59", "text": "also be the cure? Let's walk through the defenses�\nhonestly because this is where the optimism starts��"}, {"start": "00:10:59", "end": "00:11:06", "text": "to thin out. First, AI assisted auditing. Yes,�\ndefenders can scan their own code at scale,��"}, {"start": "00:11:06", "end": "00:11:12", "text": "but this is the asymmetry all over again. The�\nsame tool that lets you find 99 of your bugs��"}, {"start": "00:11:12", "end": "00:11:20", "text": "lets an attacker find the one that you missed. Net�\nadvantage attacker. Second, formal verification.��"}, {"start": "00:11:20", "end": "00:11:26", "text": "This is genuinely powerful, mathematically proving�\nthat code behaves as specified, but it can only��"}, {"start": "00:11:26", "end": "00:11:32", "text": "prove the specifications you actually wrote. and�\nit does nothing against bridge misconfigurations��"}, {"start": "00:11:32", "end": "00:11:39", "text": "or supply chain attacks, which is exactly the�\nclass of failure that took down Kelp DAO. Third,��"}, {"start": "00:11:39", "end": "00:11:46", "text": "bug bounties. Immunifi has paid out more�\nthan $110 million to white hat researchers,��"}, {"start": "00:11:46", "end": "00:11:52", "text": "and a is proposing to lift its top reward�\nto 5 million. But here's the fatal flaw.��"}, {"start": "00:11:52", "end": "00:12:01", "text": "Roughly 76% of crypto hack losses through April�\n2026 trace back to North Korean state actors. You��"}, {"start": "00:12:01", "end": "00:12:07", "text": "cannot out incentivize a nuclear state with a bug�\nbounty. A government with a mandate to steal will��"}, {"start": "00:12:07", "end": "00:12:16", "text": "always prefer the $292 million exploit over a $5�\nmillion payout. And fourth, insurance, which is��"}, {"start": "00:12:16", "end": "00:12:22", "text": "meant to be the financial backs stop. The entire�\nDeFi insurance market, everything Nexus Mutual��"}, {"start": "00:12:22", "end": "00:12:29", "text": "and its peers hold combined remains a fraction�\nof total protocol value with Nexus Mutual alone��"}, {"start": "00:12:29", "end": "00:12:36", "text": "holding around 170 million in capital reserves�\nagainst a DeFi market worth somewhere between��"}, {"start": "00:12:36", "end": "00:12:43", "text": "83 billion and 100 billion. That's coverage of�\nwell under 1%. It's the equivalent of insuring��"}, {"start": "00:12:43", "end": "00:12:49", "text": "an entire city with a single lemonade stand. The�\nhonest read is that each of these layers raises��"}, {"start": "00:12:49", "end": "00:12:55", "text": "the cost of an attack at the margins. None of�\nthem closes the asymmetry. They slow the bleeding,��"}, {"start": "00:12:55", "end": "00:13:01", "text": "but they don't stop it. And that brings us to�\nthe part most of the optimistic coverage is��"}, {"start": "00:13:01", "end": "00:13:07", "text": "too polite to follow through on. The threat�\nhas moved upstream. The attack vector has��"}, {"start": "00:13:07", "end": "00:13:14", "text": "expanded beyond the contract code that audits�\nand formal verifications are designed to protect.��"}, {"start": "00:13:14", "end": "00:13:22", "text": "Attackers are now targeting the bridges, the RPC�\nnodes, the GitHub repos, the CI/CD pipelines,��"}, {"start": "00:13:22", "end": "00:13:29", "text": "and increasingly the humans. Attackers are now�\nspending 6 weeks or more on reconnaissance before��"}, {"start": "00:13:29", "end": "00:13:35", "text": "they strike. So when defenders proudly point�\nto a 98% improvement in code level security,��"}, {"start": "00:13:35", "end": "00:13:40", "text": "they're celebrating the locked front door while�\nthe attackers walk in through a window nobody was��"}, {"start": "00:13:40", "end": "00:13:46", "text": "watching. And here is the genuinely uncomfortable�\nconclusion that DeFi is being dragged towards.��"}, {"start": "00:13:46", "end": "00:13:53", "text": "When the Kelp DAO crisis hit, what actually�\nstopped the contagion wasn't trustless code.��"}, {"start": "00:13:53", "end": "00:14:00", "text": "It was the Arbitum Security Council freezing 71�\nmillion of funds. A small group of identifiable��"}, {"start": "00:14:00", "end": "00:14:07", "text": "humans with admin keys. In other words, the�\nexact thing DeFi was built to never need. And��"}, {"start": "00:14:07", "end": "00:14:13", "text": "the market noticed. In the aftermath, more than�\n$4 billion shifted towards Chainlink's hardened��"}, {"start": "00:14:13", "end": "00:14:20", "text": "infrastructure. The capital didn't vote for more�\ndecentralization. It voted for a safety net. And��"}, {"start": "00:14:20", "end": "00:14:29", "text": "that raises the question the whole industry is�\ncircling. Is CDI the future? CDFI is a hybrid��"}, {"start": "00:14:29", "end": "00:14:35", "text": "model where you keep DeFi's open protocols�\nbut bolt-on centralized oversight security��"}, {"start": "00:14:35", "end": "00:14:42", "text": "council's KYC custody a human circuit breaker�\nand it's already happening. Coinbase's lending��"}, {"start": "00:14:42", "end": "00:14:50", "text": "product served by Morpho has surpassed $2.3�\nbillion in originations. A has launched Horizon,��"}, {"start": "00:14:50", "end": "00:14:57", "text": "an institutional deployment built for compliance.�\nAt Consensus Hong Kong this year, leaders from��"}, {"start": "00:14:57", "end": "00:15:04", "text": "Paradigm and Block Damon argued that a temporary�\ncentralized phase isn't a failure of DeFi, but��"}, {"start": "00:15:04", "end": "00:15:11", "text": "a fiduciary requirement for Wall Street's great�\nsecurity. As Felix Shipkeevik of Hofra Law framed��"}, {"start": "00:15:11", "end": "00:15:19", "text": "it, crypto theft has evolved into a governance and�\nriskmanagement problem. And that reframing is the��"}, {"start": "00:15:19", "end": "00:15:26", "text": "whole story. Because if the answer to AI powered�\nattacks is identifiable humans who can freeze your��"}, {"start": "00:15:26", "end": "00:15:32", "text": "funds, then the safest crypto becomes the least�\ncrypto. Here's the asymmetry that should genuinely��"}, {"start": "00:15:32", "end": "00:15:40", "text": "unsettle you. The entire promise of DeFi was code�\nyou didn't have to trust. But a security council��"}, {"start": "00:15:40", "end": "00:15:46", "text": "with admin keys is just a new trusted third party.�\nAnd those keys become the single most valuable��"}, {"start": "00:15:46", "end": "00:15:52", "text": "target on the network. If attackers can't break�\nthe safe, they'll compromise the people holding��"}, {"start": "00:15:52", "end": "00:15:59", "text": "the combination. You don't escape the asymmetry by�\nadding humans. You just move it. So for you, the��"}, {"start": "00:15:59", "end": "00:16:05", "text": "practical implications here are specific. First,�\nwatch where the admin keys live in any protocol��"}, {"start": "00:16:05", "end": "00:16:12", "text": "you use. Genuinely immutable contracts like�\nunis swap carry pure code risk while upgradable��"}, {"start": "00:16:12", "end": "00:16:18", "text": "protocols with security councils carry human and�\ngovernance risk. Neither is automatically safer.��"}, {"start": "00:16:18", "end": "00:16:24", "text": "They just fail in different ways. Second, watch�\nthe composibility map. The kelp DAO collapse��"}, {"start": "00:16:24", "end": "00:16:30", "text": "proved you inherit the risk of everything your�\nprotocol touches. So understand what bridges,��"}, {"start": "00:16:30", "end": "00:16:37", "text": "oracles, and collateral sit underneath your�\nposition. Third, watch the attrition. More than��"}, {"start": "00:16:37", "end": "00:16:44", "text": "40 D5 protocols have shut down in 2026, not from�\nbeing hacked, but from the sheer cost and futility��"}, {"start": "00:16:44", "end": "00:16:49", "text": "of trying to stay secure. That tells you where�\nthe smaller players think this is heading. Fourth,��"}, {"start": "00:16:49", "end": "00:16:55", "text": "treat insurance coverage as the rounding error it�\ncurrently is. And size your positions as though��"}, {"start": "00:16:55", "end": "00:17:01", "text": "there is no backs stop because for the vast�\nmajority of the market, there isn't. And fifth,��"}, {"start": "00:17:01", "end": "00:17:08", "text": "watch the drift towards CDI itself because the�\nregulators are accelerating it. No jurisdiction��"}, {"start": "00:17:08", "end": "00:17:15", "text": "has a dedicated DeFi statue. So, they're licensing�\nthe controlling persons behind protocols instead,��"}, {"start": "00:17:15", "end": "00:17:21", "text": "which effectively mandates centralization by legal�\ndefault. Now, if you want our research team's��"}, {"start": "00:17:21", "end": "00:17:27", "text": "read on every twist in this story as it unfolds,�\nfrom the next major exploits to which protocols��"}, {"start": "00:17:27", "end": "00:17:32", "text": "are quietly moving towards security councils,�\nthen sign up for the free Coin Bureau weekly��"}, {"start": "00:17:32", "end": "00:17:38", "text": "newsletter using the link in the description.�\nIt breaks down the biggest stories in crypto,��"}, {"start": "00:17:38", "end": "00:17:43", "text": "plus a slice of forward guidance every�\nsingle week, and it cost you nothing. So,��"}, {"start": "00:17:43", "end": "00:17:49", "text": "here's the question I want to leave you with.�\nis Ario's warning the panicked overreaction of��"}, {"start": "00:17:49", "end": "00:17:55", "text": "a founder who left the industry years ago with�\nthe data on improving loss rates proving DeFi is��"}, {"start": "00:17:55", "end": "00:18:01", "text": "actually getting safer so structurally bullish�\nor has AI permanently tilted the battlefield��"}, {"start": "00:18:01", "end": "00:18:08", "text": "towards attackers? If so, the only protocols to�\nsurvive will be those abandoning trustlessness for��"}, {"start": "00:18:08", "end": "00:18:15", "text": "human safety net. That is a structurally bearish�\nreality because the promise of DeFi was code you��"}, {"start": "00:18:15", "end": "00:18:20", "text": "didn't have to trust. And the warning from the�\nman who secured it is that the code itself may��"}, {"start": "00:18:20", "end": "00:18:27", "text": "now be the weakest link. AI didn't kill DeFi.�\nBut it may have ended the era where trustless��"}, {"start": "00:18:27", "end": "00:18:33", "text": "ever meant safe. Let me know which side you land�\non and get genuinely opinionated in the comments��"}, {"start": "00:18:33", "end": "00:18:39", "text": "down below. And if you want to understand exactly�\nhow the Kelp Dow contagion ripped through DeFi and��"}, {"start": "00:18:39", "end": "00:18:45", "text": "nearly took Ave down with it, then definitely�\ncheck out our full breakdown right over here.��"}, {"start": "00:18:45", "end": "00:18:51", "text": "Thank you all so much for watching and I'll see�\nyou again very soon. This is Louis signing off."}]

[{"start": "00:00:00", "end": "00:00:09", "text": "Like most altcoins, XRP is in the toilet. Unlike�\nmost altcoins, XRP has a huge [music] fanatical��"}, {"start": "00:00:09", "end": "00:00:16", "text": "community behind it, many of whom have supported�\nit for years. But this army of diearts that has��"}, {"start": "00:00:16", "end": "00:00:23", "text": "held through multiple cycles is being tested�\nlike never before. XRP is down over 39% in��"}, {"start": "00:00:23", "end": "00:00:31", "text": "2026. [music] It hit an intraday low of $15 on�\nthe 6th of June, and it now sits roughly 70%��"}, {"start": "00:00:31", "end": "00:00:38", "text": "below its $365 all-time high from almost a year�\nago. Meanwhile, the crypto fear and greed index��"}, {"start": "00:00:38", "end": "00:00:45", "text": "is parked in extreme fear. Sentiment is about as�\nbad as it's ever been, and many are now asking,��"}, {"start": "00:00:45", "end": "00:00:52", "text": "\"Is it over?\" But while the price bleeds out in�\nfull view, whale wallets are accumulating XRP at��"}, {"start": "00:00:52", "end": "00:00:58", "text": "an all-time record pace. Ripple just became a�\nfederally chartered trust bank. And there's a��"}, {"start": "00:00:58", "end": "00:01:04", "text": "piece of legislation sitting in the Senate right�\nnow that could flip this entire chart in a matter��"}, {"start": "00:01:04", "end": "00:01:10", "text": "of weeks. So today, I'm going to lay out XRP's�\nprice carnage, walk you through what Ripple,��"}, {"start": "00:01:10", "end": "00:01:16", "text": "the company, has actually been building in�\nthe background, and try to determine exactly��"}, {"start": "00:01:16", "end": "00:01:23", "text": "which catalyst decides whether this is the�\nend or just the beginning. My name is Guy,��"}, {"start": "00:01:23", "end": "00:01:30", "text": "and you're watching [music] the Coin Bureau.�\nSo XRP is down almost 40% since the start��"}, {"start": "00:01:30", "end": "00:01:36", "text": "of the year with its market cap shrinking�\nto roughly $67.6 6 billion. It has broken��"}, {"start": "00:01:36", "end": "00:01:43", "text": "decisively below its 200-day moving average,�\nwhich sits up at $159. For those unfamiliar,��"}, {"start": "00:01:43", "end": "00:01:48", "text": "the 200 day moving average is the line traders�\nuse to separate a healthy uptrend from a broken��"}, {"start": "00:01:48", "end": "00:01:57", "text": "one. And XRP is trading about 30% beneath it.�\nMeanwhile, the 14-day RSI is sitting at 31.7,��"}, {"start": "00:01:57", "end": "00:02:03", "text": "right on the edge of technically oversold. And�\nnone of this is happening in isolation, of course.��"}, {"start": "00:02:03", "end": "00:02:08", "text": "So before you get all shirty in the comments, yes,�\nmany altcoins are doing considerably worse. And��"}, {"start": "00:02:08", "end": "00:02:16", "text": "yes, the whole sector is suffering, but this is a�\nvideo about XRP, so I'm talking about XRP. Anyway,��"}, {"start": "00:02:16", "end": "00:02:22", "text": "Bitcoin is down around 24% over the past month,�\ndropping below $60,000 for the first time since��"}, {"start": "00:02:22", "end": "00:02:30", "text": "October 2024. Spot Bitcoin ETFs just bled out�\nroughly $4.4 billion across a 13-day outflow��"}, {"start": "00:02:30", "end": "00:02:36", "text": "streak. Add in Middle East tensions, sticky�\ninflation fears, and Goldman Sachs scrapping��"}, {"start": "00:02:36", "end": "00:02:45", "text": "its 2026 rate cut forecast entirely, and you have�\na textbook riskoff meat grinder. So XRP didn't��"}, {"start": "00:02:45", "end": "00:02:51", "text": "break because of its own fundamentals. The entire�\nrisk environment turned at once. Now, the market��"}, {"start": "00:02:51", "end": "00:02:57", "text": "moves fast, and keeping up with both crypto and�\nthe wider macro picture is a full-time job. So,��"}, {"start": "00:02:57", "end": "00:03:02", "text": "if that sounds daunting or you simply don't�\nhave 16 hours a day to sit glued to a screen,��"}, {"start": "00:03:02", "end": "00:03:08", "text": "we've made it a lot easier. Right here on YouTube,�\nyou can now access the new Coinbureau Club light��"}, {"start": "00:03:08", "end": "00:03:16", "text": "plan. For just $10 a month, you'll get daily�\nmarket updates across both crypto and trades"}, {"start": "00:03:16", "end": "00:03:21", "text": "and curated updates with only the bits that�\nactually matter. Just tap the join button��"}, {"start": "00:03:21", "end": "00:03:27", "text": "below this video to get started. Right,�\nwith that, let's get back to it. Now,��"}, {"start": "00:03:27", "end": "00:03:31", "text": "you might assume that with XRP's price�\ncollapsing like this, the smart money��"}, {"start": "00:03:31", "end": "00:03:37", "text": "would be heading for the exits. However, the�\nonchain data tells a very different story.��"}, {"start": "00:03:37", "end": "00:03:46", "text": "The number of wallets holding 10,000 or more�\nXRP has just hit an all-time high of 332,230."}, {"start": "00:03:46", "end": "00:03:54", "text": "That cohort has grown consistently since June 2024�\nand kept growing straight through this entire draw��"}, {"start": "00:03:54", "end": "00:04:01", "text": "down. The millionaire tier while it's holding�\nover a million XRP added 42 new addresses since��"}, {"start": "00:04:01", "end": "00:04:07", "text": "January and hoovered up 1.2 billion tokens�\nin the first quarter alone, the heaviest��"}, {"start": "00:04:07", "end": "00:04:14", "text": "quarterly accumulation since 2023. And the mega�\nwhales, the wallets holding 10 million plus,��"}, {"start": "00:04:14", "end": "00:04:23", "text": "now control roughly 45.83 billion tokens, 68.5%�\nof the circulating supply and the highest whale��"}, {"start": "00:04:23", "end": "00:04:31", "text": "concentration since May 2018. On top of that,�\n91.4% of recent exchange outflows are coming��"}, {"start": "00:04:31", "end": "00:04:37", "text": "from large holders moving coins into private�\ncustody. and over 25 million XRP got pulled off��"}, {"start": "00:04:37", "end": "00:04:45", "text": "exchanges the moment price touched $19. Instead of�\npanicking, the whales appear to be doubling down,��"}, {"start": "00:04:45", "end": "00:04:52", "text": "which brings us directly to the question, why? Why�\nare the biggest holders buying into a chart this��"}, {"start": "00:04:52", "end": "00:04:57", "text": "ugly? Well, to answer that, we need to look at�\nwhat Ripple, the company, has actually been doing,��"}, {"start": "00:04:57", "end": "00:05:04", "text": "which is where the asymmetry between the price�\nof XRP and the business behind it becomes clear.��"}, {"start": "00:05:04", "end": "00:05:11", "text": "Let's start with the bank. In December 2025,�\nthe OC granted Ripple conditional approval for��"}, {"start": "00:05:11", "end": "00:05:17", "text": "a national trust bank. And on the 1st of�\nApril 2026, the final rule activating its��"}, {"start": "00:05:17", "end": "00:05:23", "text": "permissible activities took effect. Now, this�\nis not a full commercial bank with checking��"}, {"start": "00:05:23", "end": "00:05:30", "text": "accounts and deposits, etc. It's a national trust�\ncharter, a specialized federal license for custody��"}, {"start": "00:05:30", "end": "00:05:37", "text": "and fiduciary services with direct oversight of�\nRipple's RLUSD stablecoin. But make no mistake,��"}, {"start": "00:05:37", "end": "00:05:42", "text": "a federally chartered trust bank is still a�\nserious regulatory milestone for a company��"}, {"start": "00:05:42", "end": "00:05:49", "text": "the SEC was suing the pants off not that long ago.�\nRipple is also pursuing a Federal Reserve master��"}, {"start": "00:05:49", "end": "00:05:55", "text": "account which would plug it directly into Fed Wire�\nand Fed Now, the backbone of dollar clearing. That��"}, {"start": "00:05:55", "end": "00:06:02", "text": "one is a pursuit, not a done deal, though. The Fed�\nhas paused these decisions until the end of 2026,��"}, {"start": "00:06:02", "end": "00:06:09", "text": "FYI. But the precedent exists because Kraken�\nsecured a master account back in March. Then��"}, {"start": "00:06:09", "end": "00:06:17", "text": "there's RLUSD itself. Ripple stablecoin has�\ngrown to a market cap near $1.7 billion,��"}, {"start": "00:06:17", "end": "00:06:23", "text": "making it the eighth largest stable coin on the�\nplanet, and it's now live across more than 40��"}, {"start": "00:06:23", "end": "00:06:30", "text": "networks. And on the 3rd of June, Mastercard�\nadded RLUSD to its 24/7 onchain settlement��"}, {"start": "00:06:30", "end": "00:06:39", "text": "network alongside USDC and PYUSD. But perhaps�\nthe most concrete proof point is this. In May,��"}, {"start": "00:06:39", "end": "00:06:46", "text": "Ripple, JP Morgan's Kexus, Mastercard, and Onondo�\nFinance executed a crossborder redemption of a��"}, {"start": "00:06:46", "end": "00:06:56", "text": "tokenized US Treasury fund on the XRP ledger that�\nsettled in under 5 seconds. That is the exact��"}, {"start": "00:06:56", "end": "00:07:02", "text": "use case bulls have promised for years, finally�\nhappening with names like JP Morgan and BlackRock��"}, {"start": "00:07:02", "end": "00:07:08", "text": "in the room through the DTCC's tokenization�\nworking group. And then on the 10th of June,��"}, {"start": "00:07:08", "end": "00:07:15", "text": "Mastercard launched its agent pay for machines�\nframework, payments executed autonomously by AI��"}, {"start": "00:07:15", "end": "00:07:20", "text": "agents with Ripple named as a launch partner.�\nWhich brings us to the ledger itself because��"}, {"start": "00:07:20", "end": "00:07:27", "text": "the technology is moving just as fast as the�\ncorporate deals. On the 15th of June, the XRP��"}, {"start": "00:07:27", "end": "00:07:35", "text": "ledger upgrades to version 3.2.0. And buried in�\nthat release is a change that is far more symbolic��"}, {"start": "00:07:35", "end": "00:07:44", "text": "than it sounds. The core server software is�\nbeing renamed from Rippled to XRPLD. Put simply,��"}, {"start": "00:07:44", "end": "00:07:51", "text": "the ledger is formally cutting the cord with�\nRipple, the company. This proves the blockchain��"}, {"start": "00:07:51", "end": "00:07:57", "text": "is independent community-run infrastructure rather�\nthan one corporation's product. The upgrade also��"}, {"start": "00:07:57", "end": "00:08:05", "text": "slashes server memory usage by 30 to 40%, lowering�\nthe bar for independent node operators. And then��"}, {"start": "00:08:05", "end": "00:08:12", "text": "there's the XLS66 lending protocol which enables�\nfixedterm loans directly on the ledger. Although��"}, {"start": "00:08:12", "end": "00:08:19", "text": "this isn't live yet, it's in formal security�\nverification before mainet. There's also X42, an��"}, {"start": "00:08:19", "end": "00:08:26", "text": "open standard letting AI agents pay for services�\nwith XRP and RLUSD without a human anywhere in the��"}, {"start": "00:08:26", "end": "00:08:33", "text": "loop, shipped inside the new XRPPL AI starter kit�\non the 10th of June. And the activity numbers back��"}, {"start": "00:08:33", "end": "00:08:40", "text": "it up. Tokenized real world assets on the XRPPL�\nhave grown to roughly $3.5 billion, up from under��"}, {"start": "00:08:40", "end": "00:08:47", "text": "a billion at the start of the year. Meanwhile,�\ndaily transactions averaged 2.48 48 million in Q1,��"}, {"start": "00:08:47", "end": "00:08:55", "text": "up 35% quarteron quarter, and active addresses�\nhit an all-time high of around 8.35 million. David��"}, {"start": "00:08:55", "end": "00:09:01", "text": "Schwarz, the ledger's original architect, has been�\nframing all of this as the XRPL evolving from a��"}, {"start": "00:09:01", "end": "00:09:07", "text": "fast payment rail into a full settlement�\nand issuance layer for tokenized stocks,��"}, {"start": "00:09:07", "end": "00:09:14", "text": "money market funds, and loans. So that's the�\nbull case and there is a lot to be excited about��"}, {"start": "00:09:14", "end": "00:09:18", "text": "if distributed ledger technology and tokenized�\nstock issuance are what gets your heart racing��"}, {"start": "00:09:18", "end": "00:09:26", "text": "that is. But let's now look at the catalyst that�\nactually decides everything. Regulation. XRP's��"}, {"start": "00:09:26", "end": "00:09:33", "text": "existential threat. The SEC case against Ripple is�\nfinally and fully behind it. Both parties filed a��"}, {"start": "00:09:33", "end": "00:09:40", "text": "joint dismissal of their appeals in August 2025�\nwith the final judgment confirming XRP is not a��"}, {"start": "00:09:40", "end": "00:09:47", "text": "security when sold on public exchanges and Ripple�\nagreed to pay a $50 million penalty reduced from��"}, {"start": "00:09:47", "end": "00:09:55", "text": "the original court ordered $125 million with the�\nremaining $75 million returned to the company as��"}, {"start": "00:09:55", "end": "00:10:00", "text": "part of that August 2025 settlement. On top�\nof that, under the current administration,��"}, {"start": "00:10:00", "end": "00:10:08", "text": "both the SEC and CFTC have signaled they view XRP�\nas a digital commodity. But that treatment has��"}, {"start": "00:10:08", "end": "00:10:14", "text": "not yet been formally codified through agency�\nrulemaking or statute. But here's the thing,��"}, {"start": "00:10:14", "end": "00:10:22", "text": "agency classification can be reversed by the�\nnext administration with a memo. A law cannot.��"}, {"start": "00:10:22", "end": "00:10:29", "text": "And that is exactly what the Clarity Act would do.�\ncodify XRP's commodity status into federal statute��"}, {"start": "00:10:29", "end": "00:10:37", "text": "permanently. Now, it already passed the House 294�\nto 134 and cleared the Senate Banking Committee 15��"}, {"start": "00:10:37", "end": "00:10:45", "text": "to9 in May. If it passes the full Senate, Standard�\nChartered has a conditional price target of $8 per��"}, {"start": "00:10:45", "end": "00:10:54", "text": "XRP tied to cumulative ETF inflows hitting $10�\nbillion. That is the asymmetry the whales appear��"}, {"start": "00:10:54", "end": "00:10:59", "text": "to be betting on. So, with all that good news out�\nof the way, let's now look at the bare case for��"}, {"start": "00:10:59", "end": "00:11:05", "text": "XRP because it ain't all sunshine and rainbows�\nout there, folks. First, supply. Ripple releases��"}, {"start": "00:11:05", "end": "00:11:13", "text": "roughly 1 billion XRP from escrow every single�\nmonth. It typically relocks 700 to 800 million,��"}, {"start": "00:11:13", "end": "00:11:19", "text": "but that still leaves 2 to 300 million entering�\npotential circulation. At today's price, that's��"}, {"start": "00:11:19", "end": "00:11:26", "text": "up to $222 million in fresh sellside pressure�\nevery month, hitting a market that isn't exactly��"}, {"start": "00:11:26", "end": "00:11:35", "text": "in what you'd call a buying mood. Second, and this�\nis the big one, RLUSD might be cannibalizing XRP's��"}, {"start": "00:11:35", "end": "00:11:43", "text": "entire reason to exist. Here's the uncomfortable�\ntruth. Around 80% of RLUSD circulates on Ethereum,��"}, {"start": "00:11:43", "end": "00:11:49", "text": "not the XRP ledger. and Ripple's biggest�\n2026 deals, the Mastercard settlement,��"}, {"start": "00:11:49", "end": "00:11:57", "text": "the tokenized Treasury pilot, increasingly settle�\nin RLUSD, not XRP. If Ripple's corporate growth��"}, {"start": "00:11:57", "end": "00:12:04", "text": "runs on its stable coin instead of its token, then�\nthe company can win while XRP holders watch from��"}, {"start": "00:12:04", "end": "00:12:10", "text": "the sidelines. Third, the smart institutional�\nmoney isn't unanimous. Goldman Sachs, which was��"}, {"start": "00:12:10", "end": "00:12:17", "text": "the single largest disclosed institutional holder�\nof XRP ETFs, fully liquidated its entire roughly��"}, {"start": "00:12:17", "end": "00:12:26", "text": "154 million position across four funds in Q1,�\nconfirmed by its 13F filing. Goldman kept its 700��"}, {"start": "00:12:26", "end": "00:12:32", "text": "million Bitcoin position. So, the message there�\nis pretty blunt. Bitcoin is conviction. XRP was��"}, {"start": "00:12:32", "end": "00:12:39", "text": "a speculative infrastructure bet. Meanwhile, the�\nClarity Act is genuinely on a knife edge. Galaxy��"}, {"start": "00:12:39", "end": "00:12:47", "text": "Digital's Alex Thorne just cut his odds of it�\npassing from 75% down to 60%. And Poly Market��"}, {"start": "00:12:47", "end": "00:12:55", "text": "is pricing it closer to a coin flip at 47 to 51%.�\nIf it fails before the August recess, analysts��"}, {"start": "00:12:55", "end": "00:13:03", "text": "warn the next viable window might not open until�\n2030. So, the truth is that XRP right now is two��"}, {"start": "00:13:03", "end": "00:13:08", "text": "completely different assets depending on which�\nscreen you're looking at. On the price chart,��"}, {"start": "00:13:08", "end": "00:13:14", "text": "it's a broken, capitulating, structurally bearish�\ncoin sitting in extreme fear, bleeding towards the��"}, {"start": "00:13:14", "end": "00:13:20", "text": "$1 floor with all manner of unpleasantness beneath�\nthat. On the fundamental side, however, it's a��"}, {"start": "00:13:20", "end": "00:13:27", "text": "coin attached to a federally chartered bank, a top�\neight stable coin, sub5 institutional settlement,��"}, {"start": "00:13:27", "end": "00:13:34", "text": "and a record number of whales accumulating. Both�\nof those are true at the same time. The bare case��"}, {"start": "00:13:34", "end": "00:13:40", "text": "is mostly already priced in the macro fear, the�\nnew supply pressure, Goldman Sachs, paper hands,��"}, {"start": "00:13:40", "end": "00:13:46", "text": "all of it is in that 40% draw down that we've�\nalready seen. The bull case is almost entirely��"}, {"start": "00:13:46", "end": "00:13:52", "text": "not priced in because it hinges on a binary�\nlegislative event that hasn't happened yet. Which��"}, {"start": "00:13:52", "end": "00:13:59", "text": "is exactly why the whales are accumulating now�\nwhile it's cheap and uncertain rather than after��"}, {"start": "00:13:59", "end": "00:14:06", "text": "the vote when it's perhaps expensive and obvious.�\nSo, we need to keep a close eye on the Clarity Act��"}, {"start": "00:14:06", "end": "00:14:12", "text": "and any progress it makes or doesn't make. If the�\nSenate posts a vote date before the August recess,��"}, {"start": "00:14:12", "end": "00:14:19", "text": "then crypto and XRP should get a much needed�\nboost. No date by late summer though, and the��"}, {"start": "00:14:19", "end": "00:14:25", "text": "bare case has room to run towards $1 and below.�\nWe also need to see whether those whale wallets��"}, {"start": "00:14:25", "end": "00:14:31", "text": "keep accumulating as the pain continues for the�\ntime being. If they start to tail off, then that��"}, {"start": "00:14:31", "end": "00:14:39", "text": "signals conviction is wearing thin and vice versa.�\nThen there are those XRP ETFs that still set a��"}, {"start": "00:14:39", "end": "00:14:44", "text": "record $132 [clears throat] million inflow month�\nin May despite everything else that was going on.��"}, {"start": "00:14:44", "end": "00:14:51", "text": "While fresh names like UBS and Bank of America are�\ntaking firsttime stakes, persistent inflows mean��"}, {"start": "00:14:51", "end": "00:14:58", "text": "institutions are absorbing the supply Goldman�\ndumped. Fourth, we need to watch RLUSD versus��"}, {"start": "00:14:58", "end": "00:15:05", "text": "XRP in Ripple's deals. If new partnerships keep�\nsettling in the stable coin, the cannibalization��"}, {"start": "00:15:05", "end": "00:15:10", "text": "thesis is arguably winning regardless of�\nhow good the headlines look. And of course,��"}, {"start": "00:15:10", "end": "00:15:17", "text": "we need to watch that $1 support level. It is the�\npsychological flaw. And if XRP falls through it,��"}, {"start": "00:15:17", "end": "00:15:25", "text": "then things could get ugly. So then, is XRP at a�\ndollar a bullish generational accumulation zone��"}, {"start": "00:15:25", "end": "00:15:31", "text": "where Wales are loading up before Congress turns�\nthe entire chart green again? exactly like the��"}, {"start": "00:15:31", "end": "00:15:37", "text": "smart money did before 2018's recovery or is this�\na bearish value trap where the company quietly��"}, {"start": "00:15:37", "end": "00:15:43", "text": "roots growth through a stable coin while escrow�\nbleeds supply and the longed for legislation never��"}, {"start": "00:15:43", "end": "00:15:49", "text": "arrives? Generational setup or value trap? Let us�\nknow your thoughts in the comments as only the XRP��"}, {"start": "00:15:49", "end": "00:15:55", "text": "army can. And if you want to understand exactly�\nhow the Clarity Act could rewire the entire US��"}, {"start": "00:15:55", "end": "00:16:02", "text": "crypto market, not just XRP, then definitely check�\nout our full deep dive on that right over here.��"}, {"start": "00:16:02", "end": "00:16:08", "text": "Okay, thank you all so much for watching and I'll�\nsee you again very soon. This is Guy signing off."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "On April 10th, Japan reclassified 105 crypto�\nassets under the same law that governs stocks��"}, {"start": "00:00:06", "end": "00:00:10", "text": "and bonds. And on that same day, Hong�\nKong handed out its first two stable��"}, {"start": "00:00:10", "end": "00:00:15", "text": "coin licenses. And just weeks later,�\nSamsung and Hannah Bank dropped over��"}, {"start": "00:00:15", "end": "00:00:20", "text": "a billion dollars buying into Korea's biggest�\nexchange. Every headline reads the same way.��"}, {"start": "00:00:20", "end": "00:00:24", "text": "Asia is opening the crypto floodgates,�\nbut here's what nobody's telling you.��"}, {"start": "00:00:24", "end": "00:00:29", "text": "The banks are the only ones walking through and�\nthey're cracking them open at the exact moment��"}, {"start": "00:00:29", "end": "00:00:35", "text": "Asian retail is heading for the exit. So today�\nwe'll break down what Japan actually changed,��"}, {"start": "00:00:35", "end": "00:00:39", "text": "expose who Hong Kong is really letting through,�\nand reveal the settlement war hiding underneath��"}, {"start": "00:00:39", "end": "00:00:46", "text": "all of it. I'm DC and you're watching the Coin�\nBureau. When a government opens up to crypto,��"}, {"start": "00:00:46", "end": "00:00:51", "text": "it can mean two completely different things. It�\ncan mean throwing the doors open to everyone,��"}, {"start": "00:00:51", "end": "00:00:56", "text": "or it can mean building a regulated institutional�\non-ramp that only the biggest players can afford��"}, {"start": "00:00:56", "end": "00:01:02", "text": "to walk through. Across Japan, Hong Kong, and�\nKorea, it is consistently the second one. And��"}, {"start": "00:01:02", "end": "00:01:08", "text": "the timing is what makes this truly fascinating.�\nBitcoin is sitting at around $71,000 right now,��"}, {"start": "00:01:08", "end": "00:01:18", "text": "down roughly 8.8% on the month and a brutal�\n43% below its October 2025 high of $124,720."}, {"start": "00:01:18", "end": "00:01:23", "text": "Crypto venture funding has declined sharply in�\nrecent quarters as capital rotates into AI. So,��"}, {"start": "00:01:23", "end": "00:01:28", "text": "the establishment is laying pipe during a�\ndownturn, which brings us directly to the��"}, {"start": "00:01:28", "end": "00:01:32", "text": "biggest move on the board and the one�\nthat is getting the least attention,��"}, {"start": "00:01:32", "end": "00:01:38", "text": "Japan. Put simply, Japan completely rebuilt its�\ncrypto rules from the ground up. On April 10th,��"}, {"start": "00:01:38", "end": "00:01:44", "text": "the cabinet approved an amendment to the Financial�\nInstruments and Exchange Act, the FIA, the law��"}, {"start": "00:01:44", "end": "00:01:49", "text": "that governs traditional securities. And for the�\nfirst time ever, crypto is being treated as a��"}, {"start": "00:01:49", "end": "00:01:55", "text": "financial instrument rather than a payment tool.�\nSo insider trading rules now apply. Token issuers��"}, {"start": "00:01:55", "end": "00:02:01", "text": "face mandatory annual disclosures and penalties�\njust got savage with maximum prison terms jumping��"}, {"start": "00:02:01", "end": "00:02:08", "text": "from 3 to 10 years and fines climbing from 3 to 10�\nmillion yen. And then there's the tax. Right now,��"}, {"start": "00:02:08", "end": "00:02:15", "text": "Japanese crypto gains are taxed as miscellaneous�\nincome at rates that can hit 55%. For context,��"}, {"start": "00:02:15", "end": "00:02:19", "text": "that is more than double what a Japanese investor�\npays on profits from listed shares. The reform��"}, {"start": "00:02:19", "end": "00:02:25", "text": "drops that to a flat 20.3% with a 3-year loss�\ncarry forward, putting crypto on exactly the��"}, {"start": "00:02:25", "end": "00:02:30", "text": "same footing as stocks. So, why does any of�\nthis actually matter? Because reclassifying��"}, {"start": "00:02:30", "end": "00:02:37", "text": "crypto under the FIA is the legal prerequisite�\nfor spot crypto ETFs. You cannot wrap an asset��"}, {"start": "00:02:37", "end": "00:02:42", "text": "in a regulated ETF until it legally counts as�\na financial instrument. And Japan just made it��"}, {"start": "00:02:42", "end": "00:02:50", "text": "count. And SBI Holdings is already first in line.�\nSBI filed for a spot Bitcoin and XRP ETF back in��"}, {"start": "00:02:50", "end": "00:02:56", "text": "August 2025, and it's targeting 5 trillion yen,�\nroughly $32 billion in assets under management��"}, {"start": "00:02:56", "end": "00:03:02", "text": "within 3 years of launch. This is the same SBI�\nthat is Ripple's largest external shareholder��"}, {"start": "00:03:02", "end": "00:03:08", "text": "and that has already pushed over $15 billion in�\ncrossber transfers through XRP. As one analyst��"}, {"start": "00:03:08", "end": "00:03:15", "text": "put it, a Japanese pension fund will soon be able�\nto buy the SBI XRP ETF the same way it buys Toyota��"}, {"start": "00:03:15", "end": "00:03:19", "text": "stock. Now, look, I have to be straight with�\nyou here because this is where the headlines��"}, {"start": "00:03:19", "end": "00:03:24", "text": "get ahead of the facts. Cabinet approval is not�\nthe same as law. The bill still needs to clear��"}, {"start": "00:03:24", "end": "00:03:31", "text": "Japan's diet. The reforms aren't expected to take�\neffect until fiscal 2027, and individual traders��"}, {"start": "00:03:31", "end": "00:03:37", "text": "won't feel that flat tax until January 2028 at the�\nearliest. So in other words, this transition will��"}, {"start": "00:03:37", "end": "00:03:44", "text": "take years to fully materialize, but the direction�\nis unmistakable. Japan is rebuilding crypto as��"}, {"start": "00:03:44", "end": "00:03:49", "text": "regulated institutional plumbing. Now, you might�\nassume Hong Kong is doing the exact same thing,��"}, {"start": "00:03:49", "end": "00:03:55", "text": "just flinging its doors wide open to anyone�\nwith a stable coin idea. Well, not really. That��"}, {"start": "00:03:55", "end": "00:04:00", "text": "assumption falls apart the moment we take a closer�\nlook at the actual approval numbers. When the city��"}, {"start": "00:04:00", "end": "00:04:06", "text": "stable coins ordinance took full effect in August�\n2025, 36 companies lined up to apply for an issue��"}, {"start": "00:04:06", "end": "00:04:14", "text": "license. On that very same April 10th, the HKMA�\ngranted exactly two. That's a 5.6% approval rate.��"}, {"start": "00:04:14", "end": "00:04:19", "text": "And of course, when the regulator picked its�\nwinners, it just so happened to pick the two��"}, {"start": "00:04:19", "end": "00:04:25", "text": "most established names imaginable. Right. License�\nnumber one went to Anchor Point, a joint venture��"}, {"start": "00:04:25", "end": "00:04:31", "text": "led by Standard Chartered alongside Hong Kong's�\ndominant telecom HQ and Animoka Brands. License��"}, {"start": "00:04:31", "end": "00:04:37", "text": "number two went to HSBC. Hong Kong has set up a�\nvelvet robe and the only people getting past it��"}, {"start": "00:04:37", "end": "00:04:42", "text": "are the incubants who already run the financial�\nsystem. The HKMA isn't even pretending otherwise.��"}, {"start": "00:04:42", "end": "00:04:49", "text": "Its officials have stated that additional licenses�\nwill be very limited, explicitly preferring a test��"}, {"start": "00:04:49", "end": "00:04:53", "text": "first, expand later approach. So, in other�\nwords, let's watch how the banks perform,��"}, {"start": "00:04:53", "end": "00:04:59", "text": "and then maybe we'll let a few more in later.�\nBut here's what gets genuinely revealing.��"}, {"start": "00:04:59", "end": "00:05:05", "text": "Bernstein estimates Hong Kong could capture�\nbetween 65 and 75% of Chinese crypto demand��"}, {"start": "00:05:05", "end": "00:05:11", "text": "by 2027. Think about what that actually means.�\nThe mainland ban on crypto stays firmly in place,��"}, {"start": "00:05:11", "end": "00:05:16", "text": "while Hong Kong becomes Beijing's deniable, fully�\ncontrolled on-ramp for all that pent-up Chinese��"}, {"start": "00:05:16", "end": "00:05:22", "text": "capital. And we know it's controlled because�\nof what got rejected. JD.com and ANC Group��"}, {"start": "00:05:22", "end": "00:05:28", "text": "both lobbyed to issue yuanbacked stable coins. In�\nOctober 2025, following directives from Beijing,��"}, {"start": "00:05:28", "end": "00:05:34", "text": "both companies suspended those plans entirely.�\nThe HKMA even issued its first enforcement warning��"}, {"start": "00:05:34", "end": "00:05:39", "text": "under the new rules against a firm marketing an�\noffshore yuan stable coin without a license. So,��"}, {"start": "00:05:39", "end": "00:05:45", "text": "Hong Kong will gladly license a Hong Kong dollar�\nstable coin run by HSBC. But a yuan stable coin��"}, {"start": "00:05:45", "end": "00:05:52", "text": "that might threaten the digital yuan project.�\nAbsolutely not. Beijing is holding the keys to��"}, {"start": "00:05:52", "end": "00:05:57", "text": "this state managed gate. Which brings us to the�\nclearest signal yet of who these floodgates are��"}, {"start": "00:05:57", "end": "00:06:04", "text": "really for. Korea. Because in Korea, the banks�\nare buying the rails outright. In late May 2026,��"}, {"start": "00:06:04", "end": "00:06:10", "text": "three Samsung affiliates moved to take a combined�\n4% stake in Dunanu, the operator of Upbit,��"}, {"start": "00:06:10", "end": "00:06:17", "text": "Korea's dominant exchange for around 6128�\nbillion1, roughly $48 million. And Hannah��"}, {"start": "00:06:17", "end": "00:06:24", "text": "Bank went even bigger, taking a 6.55% slice for�\nclose to a trillion one, or about $670 million.��"}, {"start": "00:06:24", "end": "00:06:29", "text": "That makes one of Korea's largest lenders, the�\nfifth biggest shareholder in the country's biggest��"}, {"start": "00:06:29", "end": "00:06:35", "text": "exchange. And they're not alone. Hana Mirray asset�\nKorea investment they're all buying into exchanges��"}, {"start": "00:06:35", "end": "00:06:41", "text": "too with deal terms implying Dunamu is now worth�\nsomewhere north of $10 billion. So institutions��"}, {"start": "00:06:41", "end": "00:06:46", "text": "are simply bypassing the customer role to buy�\nthe underlying infrastructure. And here's the��"}, {"start": "00:06:46", "end": "00:06:51", "text": "contrarian gut punch. All of this is happening�\nas Korean retail walks straight out of the door.��"}, {"start": "00:06:51", "end": "00:06:56", "text": "Let me give you one number that captures the�\nwhole shift. In December 2024, Korean crypto��"}, {"start": "00:06:56", "end": "00:07:02", "text": "trading volume hit 323% of the entire Cosby stock�\nmarket's turnover. So, crypto was trading at more��"}, {"start": "00:07:02", "end": "00:07:08", "text": "than triple the volume of the whole national stock�\nexchange. By 2026, that figure had collapsed to��"}, {"start": "00:07:08", "end": "00:07:14", "text": "roughly 8%. And it shows up everywhere in the�\ndata. Total crypto held by Korean investors got��"}, {"start": "00:07:14", "end": "00:07:23", "text": "cut nearly in half, falling from 121.8 trillion1�\nat the start of 2025 to 60.6 trillion1 by February��"}, {"start": "00:07:23", "end": "00:07:29", "text": "2026. So, where did all of that money go?�\nIt rotated into AI and semiconductors.��"}, {"start": "00:07:29", "end": "00:07:36", "text": "The Cosby P is up almost 27% in a single month�\nand Samsung electronics alone is up over 50%��"}, {"start": "00:07:36", "end": "00:07:42", "text": "recently touching a trillion market cap. Retail�\ninvestors simply rotated the capital into chip��"}, {"start": "00:07:42", "end": "00:07:48", "text": "stocks. So now picture the full scene. The banks�\nare buying the casino at the exact moment the��"}, {"start": "00:07:48", "end": "00:07:54", "text": "gamblers are cashing out and walking across the�\nstreet. The floodgates open as the crowd leaves.��"}, {"start": "00:07:54", "end": "00:07:59", "text": "Now, before we go deeper, if you want to keep�\nahead of these shifts as they unfold, our crypto��"}, {"start": "00:07:59", "end": "00:08:04", "text": "newsletter breaks down exactly these kinds of�\nmoves before they hit mainstream headlines. It's��"}, {"start": "00:08:04", "end": "00:08:09", "text": "completely free and the signup link is down in the�\ndescription. Okay, back to it. Because the deepest��"}, {"start": "00:08:09", "end": "00:08:14", "text": "layer of this entire story is the one nobody's�\nactually talking about. The real story here is��"}, {"start": "00:08:14", "end": "00:08:19", "text": "a quiet settlement war. So, if we zoom out, the�\ntrue game suddenly appears. These nations are��"}, {"start": "00:08:19", "end": "00:08:25", "text": "racing to control how money actually moves across�\nAsia and to escape the dollar while they do it.��"}, {"start": "00:08:25", "end": "00:08:31", "text": "Let's return to Japan once again. On June 1st,�\n2026, the LDP's blockchain panel formally urged��"}, {"start": "00:08:31", "end": "00:08:36", "text": "the government to promote yen stable coins for�\nsettlement across Asia. The lawmaker behind it,��"}, {"start": "00:08:36", "end": "00:08:42", "text": "Yunichi Canada, said it plainly that they urged�\nthe government to take steps to promote yen stable��"}, {"start": "00:08:42", "end": "00:08:47", "text": "coins for settlement in Asia in the future. And�\nthis isn't abstract. Japan's three mega banks,��"}, {"start": "00:08:47", "end": "00:08:54", "text": "MUFG, SNBC, and Mizuo, are studying a joint�\nstable coin issuance, and roughly 40 to 50% of��"}, {"start": "00:08:54", "end": "00:09:00", "text": "Japan's trade with Asia is already settled in yen.�\nKorea is simply running the same playbook. Eight��"}, {"start": "00:09:00", "end": "00:09:06", "text": "Korean banks, including KB Cookman, Shinhan, and�\nWooi are building a shared oneacked stable coin.��"}, {"start": "00:09:06", "end": "00:09:11", "text": "Although the Bank of Korea has created a deadlock�\nby insisting only bank majority consortiums can��"}, {"start": "00:09:11", "end": "00:09:16", "text": "issue it, which tells you exactly who is meant to�\nown these rails. And remember, Hong Kong rejected��"}, {"start": "00:09:16", "end": "00:09:22", "text": "those yuan stable coins. Same war, just fought at�\na different front. Every one of these moves is a��"}, {"start": "00:09:22", "end": "00:09:26", "text": "nation trying to plant its own flag in the�\nsettlement layer. But here's the catch that��"}, {"start": "00:09:26", "end": "00:09:33", "text": "punctures this whole narrative. Non USD stable�\ncoins are still under 0.5% of the entire market.��"}, {"start": "00:09:33", "end": "00:09:40", "text": "The dollar accounts for roughly 93% of all stable�\ncoin supply and by some measures over 99%. So the��"}, {"start": "00:09:40", "end": "00:09:46", "text": "floodgates are really nations racing to ddollarize�\ntheir payment system and so far frankly mostly��"}, {"start": "00:09:46", "end": "00:09:51", "text": "failing. So why fight a war they're losing so�\nbadly to begin with? Well, because the prize��"}, {"start": "00:09:51", "end": "00:09:59", "text": "underneath it is enormous. The real battlefield is�\nB2B payment rails. The unglamorous plumbing that��"}, {"start": "00:09:59", "end": "00:10:04", "text": "moves money between businesses. And Asia already�\nhandles around 60% of global stable coin payment��"}, {"start": "00:10:04", "end": "00:10:11", "text": "volume on an order of $245 billion a year in�\nreal economy settlement. And that is exactly��"}, {"start": "00:10:11", "end": "00:10:17", "text": "why Kraken just agreed to put up to $600 million�\ninto acquiring Reap, a Hong Kong firm built��"}, {"start": "00:10:17", "end": "00:10:23", "text": "specifically for stable coin payments and crossber�\nsettlements across the Asia-Pacific region.��"}, {"start": "00:10:23", "end": "00:10:28", "text": "Smart money is quietly buying up the settlement�\ninfrastructure where the real value lives. Now,��"}, {"start": "00:10:28", "end": "00:10:33", "text": "let me give you the honest counterweight because�\nthese floodgates are opening into a cooling��"}, {"start": "00:10:33", "end": "00:10:38", "text": "market, not a roaring one. I already mentioned�\ncryptovc funding declining sharply as AI absorbs��"}, {"start": "00:10:38", "end": "00:10:45", "text": "the vast majority of global venture capital. But�\nKorea makes the contradiction even sharper. A 22%��"}, {"start": "00:10:45", "end": "00:10:51", "text": "crypto tax lands in January 2027, and the finance�\nministry has confirmed its proceeding despite a��"}, {"start": "00:10:51", "end": "00:10:57", "text": "repeal petition that hit 50,000 signatures in 8�\ndays. And on top of that sits a proposed rule that��"}, {"start": "00:10:57", "end": "00:11:03", "text": "the industry body DAX warns would push exchange�\ncompliance reports from about 63,000 a year��"}, {"start": "00:11:03", "end": "00:11:10", "text": "to over 5.4 million. That's an 85fold increase�\nwhich the industry has flatly called unworkable.��"}, {"start": "00:11:10", "end": "00:11:16", "text": "Floodgates in turn styles out. We are watching�\ninstitutional plumbing being laid during a market��"}, {"start": "00:11:16", "end": "00:11:21", "text": "downturn. So here's what almost every breathless�\nheadline is missing. The establishment is��"}, {"start": "00:11:21", "end": "00:11:28", "text": "absorbing crypto on its own terms at its own pace�\nat the bottom of the market. Japan is rebuilding��"}, {"start": "00:11:28", "end": "00:11:33", "text": "the asset class as regulated infrastructure so�\nthat pension funds and insurers can own it through��"}, {"start": "00:11:33", "end": "00:11:38", "text": "the same channels they already trust. Hong Kong�\nis letting in only the banks acting as Beijing's��"}, {"start": "00:11:38", "end": "00:11:44", "text": "managed gateway while the mainland ban never�\nmoves. Korea's lenders are buying the exchanges as��"}, {"start": "00:11:44", "end": "00:11:49", "text": "the public rotates into chip stocks. And beneath�\nall of it, nations are fighting a settlement��"}, {"start": "00:11:49", "end": "00:11:54", "text": "war to own the rails that money flows through.�\nLook, the honest read is this. The banks watched��"}, {"start": "00:11:54", "end": "00:12:00", "text": "an entire generation build crypto in the open and�\nnow during the quiet part of this cycle, they are��"}, {"start": "00:12:00", "end": "00:12:05", "text": "buying the finished plumbing at a discount. They�\nare positioning to own the toll booths before the��"}, {"start": "00:12:05", "end": "00:12:10", "text": "next wave of retail money arrives. So for you,�\nthe practical implications are specific. First,��"}, {"start": "00:12:10", "end": "00:12:17", "text": "watch the Japanese diet. The FEIA framework, the�\ntax cut, and any spot ETF approval all hinge on��"}, {"start": "00:12:17", "end": "00:12:25", "text": "that bill passing. With fiscal 2027 and 2028 as�\nthe dates that really matter. Second, watch SBI.��"}, {"start": "00:12:25", "end": "00:12:31", "text": "If a spot XRP ETF actually clears in Japan, it�\nbecomes the template every other Asian regulator��"}, {"start": "00:12:31", "end": "00:12:37", "text": "measures itself against. Third, watch Hong Kong's�\nlicense count. If the HKMA stays at two and only��"}, {"start": "00:12:37", "end": "00:12:42", "text": "adds banks, the velvet robe thesis holds. If it's�\nonly opens to cryptonative issuers, the game has��"}, {"start": "00:12:42", "end": "00:12:49", "text": "changed. Fourth, watch whether any non-USD stable�\ncoins breaks meaningfully above that 0.5% ceiling��"}, {"start": "00:12:49", "end": "00:12:54", "text": "because that is the real scoreboard for the�\ndd dollararization war. And fifth, if you hold��"}, {"start": "00:12:54", "end": "00:12:59", "text": "crypto through any exchange or rapper exposed to�\nthese markets, understand that bank ownership of��"}, {"start": "00:12:59", "end": "00:13:04", "text": "the rails is now part of your counterparty�\nrisk whether you choose it or not. So,��"}, {"start": "00:13:04", "end": "00:13:09", "text": "here's the question I want to leave you with. Is�\nAsia opening the floodgates a structurally bullish��"}, {"start": "00:13:09", "end": "00:13:14", "text": "signal the moment the deepest institutional�\ncapital on earth finally commits and builds the��"}, {"start": "00:13:14", "end": "00:13:20", "text": "rails for the next decade of growth? Or is it the�\nestablishment capturing crypto entirely absorbing��"}, {"start": "00:13:20", "end": "00:13:25", "text": "the infrastructure during the downturn so that�\nwhen the money finally pours in, the little guy��"}, {"start": "00:13:25", "end": "00:13:29", "text": "is standing on the wrong side of the gate. Please�\nget highly opinionated in the comments because��"}, {"start": "00:13:29", "end": "00:13:35", "text": "this is the binary that defines who actually owns�\ncrypto in Asia for the next decade. And if you��"}, {"start": "00:13:35", "end": "00:13:40", "text": "want to understand exactly how stable coins are�\nbecoming the battleground for global settlements��"}, {"start": "00:13:40", "end": "00:13:45", "text": "and which currencies stand a real chance against�\nthe dollar, then check out our deep dive right��"}, {"start": "00:13:45", "end": "00:13:51", "text": "over here. Thank you all so much for watching and�\nI'll see you again very soon. This is DC signing"}]

[{"start": "00:00:00", "end": "00:00:06", "text": "The key to getting rich in crypto can be�\nsummed up in just four letters. D Y O R.��"}, {"start": "00:00:06", "end": "00:00:12", "text": "Doing your own research can be and often is the�\ndifference between making your smartest investing��"}, {"start": "00:00:12", "end": "00:00:19", "text": "decisions or throwing money down the toilet.�\nOnly by researching cryptocurrencies can you��"}, {"start": "00:00:19", "end": "00:00:25", "text": "truly understand what they are, how they work, and�\ntheir future potential, if any. That's why today��"}, {"start": "00:00:25", "end": "00:00:32", "text": "we're giving you the sevenstep process we use to�\nresearch cryptocurrencies here at the Coin Bureau.��"}, {"start": "00:00:32", "end": "00:00:40", "text": "So stay till the end and you'll have everything�\nyou need to research crypto like a pro. All right,��"}, {"start": "00:00:40", "end": "00:00:45", "text": "before you take your first step towards mastering�\nthe art of DY, it helps to understand what you're��"}, {"start": "00:00:45", "end": "00:00:51", "text": "up against. So let's open Coin Market Cap,�\ncheck how many cryptocurrencies exist, and��"}, {"start": "00:00:51", "end": "00:00:58", "text": "oh dear lord. Yep, there's over 50 million crypto�\ncoins and tokens out there with most of them being��"}, {"start": "00:00:58", "end": "00:01:04", "text": "completely worthless. Now, obviously, nobody has�\ntime to go through all of them. Not even with a��"}, {"start": "00:01:04", "end": "00:01:10", "text": "team of full-time crypto researchers like we have.�\nSo, instead, you need to narrow the field, which��"}, {"start": "00:01:10", "end": "00:01:16", "text": "is why step one is starting with narratives. Now,�\nthese narratives could include anything from AI,��"}, {"start": "00:01:16", "end": "00:01:24", "text": "privacy, deep, ras, payments, DeFi, or whatever�\nelse. The goal is to identify which narrative��"}, {"start": "00:01:24", "end": "00:01:31", "text": "is leading right now, then identify where�\ncapital will likely rotate next. To do this,��"}, {"start": "00:01:31", "end": "00:01:38", "text": "you need to understand that crypto narratives�\nfollow a four stage life cycle. Stage one is��"}, {"start": "00:01:38", "end": "00:01:44", "text": "inception, usually triggered by a technological�\nbreakthrough or macro event. This is when only��"}, {"start": "00:01:44", "end": "00:01:49", "text": "deep dive researchers and the teams building�\nthe project themselves are paying attention.��"}, {"start": "00:01:49", "end": "00:01:56", "text": "It's the perfect entry point because prices are�\nstill subdued for now. Stage two is excitement��"}, {"start": "00:01:56", "end": "00:02:02", "text": "where things start to heat up, people begin to�\nnotice what's happening and VC firms start taking��"}, {"start": "00:02:02", "end": "00:02:09", "text": "early positions. Stage three is social proof where�\nFOMO starts to take over. Social media is filled��"}, {"start": "00:02:09", "end": "00:02:14", "text": "with influencers talking about projects within�\nthat narrative and prices start to go parabolic.��"}, {"start": "00:02:14", "end": "00:02:20", "text": "And stage four is peak euphoria. This is where�\nmedia outlets write about crypto bros becoming��"}, {"start": "00:02:20", "end": "00:02:26", "text": "overnight millionaires and crypto Twitter is�\nflooded with rocket emojis and LFG on almost��"}, {"start": "00:02:26", "end": "00:02:32", "text": "every post. And you can learn more about spotting�\nthe next crypto narrative in the video over here.��"}, {"start": "00:02:32", "end": "00:02:38", "text": "Anyway, spotting a narrative that's already�\ntaking off is easy. Just track what's trending��"}, {"start": "00:02:38", "end": "00:02:45", "text": "on X or which cryptos have already gone vertical.�\nBut by that point, you're already too late. So,��"}, {"start": "00:02:45", "end": "00:02:52", "text": "how do you figure out where capital rotates next?�\nBy looking at the data. A good place to start is��"}, {"start": "00:02:52", "end": "00:02:58", "text": "developer activity. If you see a particular�\nnarrative getting a surge in GitHub commits,��"}, {"start": "00:02:58", "end": "00:03:04", "text": "this can be a reliable signal that big things are�\ncoming. Another thing to do is follow the money��"}, {"start": "00:03:04", "end": "00:03:11", "text": "by tracking capital flows. And a good way to do�\nthis is by checking total value locked or TVL on��"}, {"start": "00:03:11", "end": "00:03:20", "text": "sites like DeFi Lama. Pro tip, go to the chains�\ntab, look at the 7-day TVL change, and spot any��"}, {"start": "00:03:20", "end": "00:03:28", "text": "chains seeing outsized inflows. But arguably the�\nmost powerful signal is social volume. Basically,��"}, {"start": "00:03:28", "end": "00:03:33", "text": "how many mentions a project or narrative is�\ngetting on social media. This can be hard to��"}, {"start": "00:03:33", "end": "00:03:38", "text": "track manually since your algorithm tends to�\nshow you things you've already engaged with.��"}, {"start": "00:03:38", "end": "00:03:45", "text": "Thankfully though, sites like Sentiment and Lunar�\nCrush give you a much clearer view. Okay, so once��"}, {"start": "00:03:45", "end": "00:03:51", "text": "you've found the right narrative, step two is to�\nfilter out a few promising cryptos within that��"}, {"start": "00:03:51", "end": "00:03:57", "text": "narrative that could outperform. Luckily, that's�\neasy to do using tracking sites like Coin Gecko or��"}, {"start": "00:03:57", "end": "00:04:03", "text": "Coin Market Cap, which group cryptocurrencies by�\nnarrative. The good news here is that spotting the��"}, {"start": "00:04:03", "end": "00:04:08", "text": "cryptos with the most potential is actually easier�\nthan you might think. you just need to be on the��"}, {"start": "00:04:08", "end": "00:04:14", "text": "lookout for three things. The first of these is�\na relatively low market cap. That's because a��"}, {"start": "00:04:14", "end": "00:04:20", "text": "crypto's market cap is a big factor in determining�\nhow much it can pump, not the crypto's actual��"}, {"start": "00:04:20", "end": "00:04:27", "text": "price tag. A lower market cap typically means less�\nliquidity. That means you have to be sensible when��"}, {"start": "00:04:27", "end": "00:04:32", "text": "sizing your buys. You shouldn't be buying a ton.�\nBut it also means it takes less buy pressure from��"}, {"start": "00:04:32", "end": "00:04:40", "text": "the market for that crypto to 2x, 5x, 10x, and so�\non. So ideally, you want a few projects with large��"}, {"start": "00:04:40", "end": "00:04:48", "text": "caps, market caps over $1 billion, a few midcaps,�\n$100 million to $1 billion, and a few small caps,��"}, {"start": "00:04:48", "end": "00:04:56", "text": "anything below $100 million. Incidentally, the�\nsecond thing to look out for is a low price tag.��"}, {"start": "00:04:56", "end": "00:05:01", "text": "While market cap is what actually determines�\npotential, a surprising number of investors,��"}, {"start": "00:05:01", "end": "00:05:08", "text": "especially inexperienced retail, think a low price�\nmeans a crypto is cheap. They see a sticker price��"}, {"start": "00:05:08", "end": "00:05:13", "text": "with loads of zeros and assume they'll be rich�\nwhen that token reaches a dollar. News flash,��"}, {"start": "00:05:13", "end": "00:05:19", "text": "that almost never happens. And the third thing�\nto look out for is accessibility. Basically,��"}, {"start": "00:05:19", "end": "00:05:25", "text": "your crypto should be easy to buy on numerous�\nexchanges and ideally should be available to US��"}, {"start": "00:05:25", "end": "00:05:31", "text": "investors. Obviously, it won't pump if people�\ncan't buy it. Now, if you find a project that��"}, {"start": "00:05:31", "end": "00:05:37", "text": "ticks all three boxes, you might be on to a�\nwinner. However, the market moves fast and you��"}, {"start": "00:05:37", "end": "00:05:42", "text": "always need to be on the lookout to keep up.�\nAnd if that sounds daunting or you don't have��"}, {"start": "00:05:42", "end": "00:05:47", "text": "time to spend 16 hours a day at a computer, then�\nyou can make it much easier by joining the Coinb��"}, {"start": "00:05:47", "end": "00:05:54", "text": "Club where we're dedicated to finding great market�\nopportunities, not just in crypto, but in Tradfi,��"}, {"start": "00:05:54", "end": "00:06:01", "text": "too. And right here on YouTube, you can now access�\nthe new Coinbureau Club Light Plan. For just $10 a��"}, {"start": "00:06:01", "end": "00:06:06", "text": "month, you'll get daily market updates across�\nboth crypto and tradi, giving you our team's��"}, {"start": "00:06:06", "end": "00:06:13", "text": "insights on the best market opportunities and our�\ncurated updates with just the bits that matter.��"}, {"start": "00:06:13", "end": "00:06:18", "text": "To get started, just tap the join button below�\nthis video and I'll see you there. All right,��"}, {"start": "00:06:18", "end": "00:06:23", "text": "so you've selected a few cryptos from your�\nnarrative. But here's the kicker. These days,��"}, {"start": "00:06:23", "end": "00:06:30", "text": "a narrative alone will only take a crypto project�\nso far. Quite often, a particular narrative only��"}, {"start": "00:06:30", "end": "00:06:35", "text": "gets a brief moment in the spotlight because one�\nof its cryptos saw a quick pump. This is why step��"}, {"start": "00:06:35", "end": "00:06:42", "text": "three is checking a few adoption metrics to see�\nwhether your crypto actually has growth potential.��"}, {"start": "00:06:42", "end": "00:06:48", "text": "You basically want to see if your crypto has a�\npulse or if it's dead in the water. To keep things��"}, {"start": "00:06:48", "end": "00:06:54", "text": "simple, you can split this step into three layers.�\nThe first layer is checking how much direct usage��"}, {"start": "00:06:54", "end": "00:07:00", "text": "your crypto is actually seeing. The easiest�\nway to do this is with a block explorer. Now,��"}, {"start": "00:07:00", "end": "00:07:06", "text": "if it's a token, you can use the underlying�\nblockchains explorer. For example, Etherscan lets��"}, {"start": "00:07:06", "end": "00:07:12", "text": "you check any project built on Ethereum. If it's�\na layer 1 crypto, though, it can be harder to find��"}, {"start": "00:07:12", "end": "00:07:18", "text": "the data you need. And make no mistake, if there's�\nno transparent way to access the necessary data,��"}, {"start": "00:07:18", "end": "00:07:25", "text": "that's a major red flag. So, assuming you found�\nthe right block explorer, though, there are a few��"}, {"start": "00:07:25", "end": "00:07:31", "text": "things to check. The first is active accounts or�\nwallet addresses and the number of new addresses��"}, {"start": "00:07:31", "end": "00:07:36", "text": "being created. And while you're here, you can�\nalso check how many transactions are happening��"}, {"start": "00:07:36", "end": "00:07:43", "text": "on that protocol from day to day. You also want�\nto see how many holders the project has. Ideally,��"}, {"start": "00:07:43", "end": "00:07:48", "text": "you want lots of holders without a handful of�\nwallets controlling a big chunk of the supply.��"}, {"start": "00:07:48", "end": "00:07:54", "text": "Those large holders are whales who could dump�\ntheir bags at any time, crashing the price in the��"}, {"start": "00:07:54", "end": "00:08:01", "text": "process. Just keep in mind though that the metrics�\nwe've just mentioned are often inflated with bots.��"}, {"start": "00:08:01", "end": "00:08:06", "text": "So, do take them with a grain of salt. That's�\nwhy the second layer to this step is checking��"}, {"start": "00:08:06", "end": "00:08:12", "text": "the project's economic usage, which you can do on�\nsites like DeFi Lama or Token Terminal. Key things��"}, {"start": "00:08:12", "end": "00:08:19", "text": "to look at here are fees, revenue, trading volume,�\nand TVL. And that brings us to the third layer of��"}, {"start": "00:08:19", "end": "00:08:25", "text": "this step, which is checking off-chain metrics�\nto gauge how many users there really are. Look��"}, {"start": "00:08:25", "end": "00:08:30", "text": "at how many times the project's browser extension�\nwallet has been downloaded, if one exists. If the��"}, {"start": "00:08:30", "end": "00:08:36", "text": "project has a mobile app, check how many downloads�\nit has, too. With all those metrics covered,��"}, {"start": "00:08:36", "end": "00:08:42", "text": "you should have a good idea of whether your crypto�\nhas a strong pulse, is suffering from poor or��"}, {"start": "00:08:42", "end": "00:08:48", "text": "declining health, or has already flatlined.�\nOkay, assuming everything checks out, you're��"}, {"start": "00:08:48", "end": "00:08:54", "text": "ready for step four, digging into the founders�\nand team behind the project in question. Usually,��"}, {"start": "00:08:54", "end": "00:08:58", "text": "this information can be found on the project's�\nwebsite. And it goes without saying that if the��"}, {"start": "00:08:58", "end": "00:09:04", "text": "project's team and founders aren't publicly known,�\nthis is a massive red flag. Now, the best place to��"}, {"start": "00:09:04", "end": "00:09:10", "text": "start here is with interviews with the project's�\nfounders. Believe it or not, but this can be the��"}, {"start": "00:09:10", "end": "00:09:15", "text": "single most useful bit of information in your�\nresearch simply because founders often outline��"}, {"start": "00:09:15", "end": "00:09:22", "text": "things that don't seem to be explained elsewhere.�\nFounders also do a great job of explaining their��"}, {"start": "00:09:22", "end": "00:09:29", "text": "project in plain English, but not always. If the�\nfounder can't explain the project clearly or you��"}, {"start": "00:09:29", "end": "00:09:34", "text": "leave with more questions than answers, then�\nconsider that a red flag, too. Quite often,��"}, {"start": "00:09:34", "end": "00:09:39", "text": "you can find interviews with the project's�\nfounders on YouTube. More often than not,��"}, {"start": "00:09:39", "end": "00:09:43", "text": "the project will have its own dedicated channel,�\nbut occasionally there are unofficial channels��"}, {"start": "00:09:43", "end": "00:09:48", "text": "dedicated entirely to that crypto project.�\nWhatever the case though, you want to build��"}, {"start": "00:09:48", "end": "00:09:55", "text": "a short list of interviews worth watching and sort�\nthem from oldest to newest. Then work through them��"}, {"start": "00:09:55", "end": "00:10:01", "text": "in order until you have a clear understanding of�\nwhat the project is actually trying to achieve. As��"}, {"start": "00:10:01", "end": "00:10:08", "text": "you go, take notes on why the project was started,�\nand how it works. You also want to note down any��"}, {"start": "00:10:08", "end": "00:10:15", "text": "details of funding rounds, including who invested�\nin them, when and at what stage. And be sure to��"}, {"start": "00:10:15", "end": "00:10:21", "text": "note down any past milestones, and what's still on�\nthe road map. Bonus points if the founders or team��"}, {"start": "00:10:21", "end": "00:10:28", "text": "openly discuss weaknesses or limitations. Teams�\nthat acknowledge problems and explain how they��"}, {"start": "00:10:28", "end": "00:10:33", "text": "plan to solve them tend to be far more credible�\nthan those claiming that everything's just fine��"}, {"start": "00:10:33", "end": "00:10:41", "text": "and dandy. And pro tip, you can go a step further�\nby checking sites like Crunchb to understand who's��"}, {"start": "00:10:41", "end": "00:10:47", "text": "actually behind the project. Many projects are�\nbacked by a software company and/or a nonprofit��"}, {"start": "00:10:47", "end": "00:10:54", "text": "foundation. Crunchb often lists these along with�\nfunding rounds and even hidden founders. Now,��"}, {"start": "00:10:54", "end": "00:10:58", "text": "assuming the founders didn't say anything�\nthat made you want to run for the hills,��"}, {"start": "00:10:58", "end": "00:11:04", "text": "you're now ready for step five, digging into the�\nproject's tokconomics. You'd be surprised how many��"}, {"start": "00:11:04", "end": "00:11:10", "text": "people skip this step entirely, which is crazy�\ngiven that a promising crypto project can easily��"}, {"start": "00:11:10", "end": "00:11:17", "text": "fail with piss poor tokconomics. Definitely not�\nsomething you want to be blindsided by later. The��"}, {"start": "00:11:17", "end": "00:11:23", "text": "first thing to check is whether your crypto�\nis a coin or a token. A coin runs on its own��"}, {"start": "00:11:23", "end": "00:11:29", "text": "native blockchain while tokens are built on top�\nof an existing one. Coins are used to pay fees,��"}, {"start": "00:11:29", "end": "00:11:35", "text": "transfer value, and reward miners or validators�\nfor securing the network. But most cryptos are��"}, {"start": "00:11:35", "end": "00:11:41", "text": "actually tokens, usually with specific use�\ncases tied to the project in question. The��"}, {"start": "00:11:41", "end": "00:11:47", "text": "second tokconomic metric to check is the token's�\nsupply. The larger the total supply, the lower the��"}, {"start": "00:11:47", "end": "00:11:53", "text": "price value of each individual token and vice�\nversa. You also want to pay close attention to��"}, {"start": "00:11:53", "end": "00:11:58", "text": "how much of the supply is in circulation.�\nThe higher the percentage in circulation,��"}, {"start": "00:11:58", "end": "00:12:04", "text": "the better. That's because there will be less�\nsupply hitting the market later, which can lower��"}, {"start": "00:12:04", "end": "00:12:10", "text": "the value of each token already in circulation.�\nIf there's a low circulating supply, this can mean��"}, {"start": "00:12:10", "end": "00:12:17", "text": "there's still lots of tokens locked away or yet�\nto be mined or minted. This is why the third thing��"}, {"start": "00:12:17", "end": "00:12:25", "text": "you should check is the fully diluted valuation or�\nFDV. Put simply, the FDV is the theoretical market��"}, {"start": "00:12:25", "end": "00:12:31", "text": "cap if every token was in circulation. This can�\nbe a great indicator of whether a crypto project��"}, {"start": "00:12:31", "end": "00:12:38", "text": "is undervalued or overvalued. Anyway, the fourth�\nand fifth tokconomic metrics to take note of are��"}, {"start": "00:12:38", "end": "00:12:45", "text": "token allocation and distribution. Allocation�\nrefers to how the total supply is split between��"}, {"start": "00:12:45", "end": "00:12:51", "text": "groups like the team, early investors, and other�\nstakeholders before launch. You can usually find��"}, {"start": "00:12:51", "end": "00:12:59", "text": "this on sites like ICO Drops, ICO Analytics, or�\nCrypto Rank. Meanwhile, token distribution is how��"}, {"start": "00:12:59", "end": "00:13:05", "text": "the current circulating supply is spread across�\nwallets. The good news is you should already have��"}, {"start": "00:13:05", "end": "00:13:10", "text": "this from when you checked the current holders.�\nToken distribution can usually be found directly��"}, {"start": "00:13:10", "end": "00:13:17", "text": "on the crypto's block explorer. And this relates�\nto the sixth thing to check the project's vesting��"}, {"start": "00:13:17", "end": "00:13:23", "text": "schedule. Early tokens allocated to the team and�\nearly backers are locked up to boost confidence��"}, {"start": "00:13:23", "end": "00:13:29", "text": "among regular investors. Vesting schedules�\nshow how these tokens will be unlocked over��"}, {"start": "00:13:29", "end": "00:13:35", "text": "the coming months and years. Ideally, you want�\nvesting schedules that rise gradually since that��"}, {"start": "00:13:35", "end": "00:13:42", "text": "reduces the risk of a supply shock when tokens�\nenter circulation. Pay close attention to any��"}, {"start": "00:13:42", "end": "00:13:48", "text": "cliff schedules where large amounts of tokens�\nunlock at once, as this supply can suddenly��"}, {"start": "00:13:48", "end": "00:13:55", "text": "flood the market and drive price down. The seventh�\nthing to check is the token's inflation rate. Now,��"}, {"start": "00:13:55", "end": "00:14:00", "text": "inflation isn't always a bad thing. It's often�\nused to incentivize miners and validators,��"}, {"start": "00:14:00", "end": "00:14:07", "text": "but it needs balance. Too much inflation erodess�\nthe value of the existing supply. And of course,��"}, {"start": "00:14:07", "end": "00:14:12", "text": "some projects are also deflationary, which has�\nthe opposite effect. It's also worth noting that��"}, {"start": "00:14:12", "end": "00:14:19", "text": "cryptos with a capped supply can sometimes become�\ndeflationary, especially if tokens are burned or��"}, {"start": "00:14:19", "end": "00:14:25", "text": "permanently lost. Now, the eighth thing to check�\nis your crypto's staking metrics, if indeed it��"}, {"start": "00:14:25", "end": "00:14:31", "text": "can be staked. You want to see a yield that's�\nattractive enough to encourage people to buy��"}, {"start": "00:14:31", "end": "00:14:38", "text": "and lock up their tokens. You should also note any�\nlock up periods and how long it takes to unstake.��"}, {"start": "00:14:38", "end": "00:14:44", "text": "And finally, the ninth thing to check is utility.�\nThis is anything that drives demand for the coin��"}, {"start": "00:14:44", "end": "00:14:51", "text": "or token. This can include staking, governance,�\nstore of value, payments, or anything else. If it��"}, {"start": "00:14:51", "end": "00:14:57", "text": "brings people in, write it down. By this point,�\nyou should know whether your chosen crypto has��"}, {"start": "00:14:57", "end": "00:15:04", "text": "potential and have a solid grasp of how it works.�\nYou're now ready for step six, comparing it with��"}, {"start": "00:15:04", "end": "00:15:10", "text": "other projects in the same narrative. The goal�\nhere is simple. Identify which projects are doing��"}, {"start": "00:15:10", "end": "00:15:15", "text": "the same thing and why your project should come�\nout on top. To do this properly, you need more��"}, {"start": "00:15:15", "end": "00:15:21", "text": "than a surface level understanding of the project.�\nYou need to know what makes it tick and why its��"}, {"start": "00:15:21", "end": "00:15:26", "text": "core mechanics are more compelling than its�\ncompetitors. That means heading to the project's��"}, {"start": "00:15:26", "end": "00:15:31", "text": "website, rolling up your sleeves, and getting�\ninto the nitty-gritty. The homepage will usually��"}, {"start": "00:15:31", "end": "00:15:37", "text": "explain what it's about in a way that should be�\neasy for the average reader to follow. That said,��"}, {"start": "00:15:37", "end": "00:15:43", "text": "it'll usually offer a simple surface level�\noverview, which often limits how useful it really��"}, {"start": "00:15:43", "end": "00:15:50", "text": "is. That's why you need to click through every�\nsingle link on the website, starting with the��"}, {"start": "00:15:50", "end": "00:15:57", "text": "most boring parts first, the terms and conditions,�\nand the privacy policy. These are usually ignored,��"}, {"start": "00:15:57", "end": "00:16:04", "text": "but they often reveal who's behind the project and�\nwhere it's based. If those entities have their own��"}, {"start": "00:16:04", "end": "00:16:10", "text": "websites, you should dig into those as well. Then�\ngo through the project's blog posts along with��"}, {"start": "00:16:10", "end": "00:16:16", "text": "the blogs of any related entities behind it.�\nThis can often reveal upcoming milestones and��"}, {"start": "00:16:16", "end": "00:16:22", "text": "may also bring other promising projects onto your�\nradar. Next, you need to go through the project's��"}, {"start": "00:16:22", "end": "00:16:28", "text": "documentation. This can feel overwhelming at�\nfirst, but the opening page often summarizes the��"}, {"start": "00:16:28", "end": "00:16:34", "text": "whole thing in plain English. Most documentation�\nalso includes an FAQ section or a glossery that��"}, {"start": "00:16:34", "end": "00:16:41", "text": "explains any niche concepts. Many also have a�\nsearch function which makes it much easier to find��"}, {"start": "00:16:41", "end": "00:16:47", "text": "answers to specific questions. For example, you�\ncan search for key terms like minting, staking,��"}, {"start": "00:16:47", "end": "00:16:52", "text": "validator, inflation, or anything else you're�\nunsure about. Once you've done that, you should��"}, {"start": "00:16:52", "end": "00:16:58", "text": "have a deep understanding of your chosen crypto�\nproject. You should clearly understand what it��"}, {"start": "00:16:58", "end": "00:17:04", "text": "offers and the problem it's trying to solve with�\na clearly defined role. If a project has too��"}, {"start": "00:17:04", "end": "00:17:11", "text": "many focus points, then it risks spreading itself�\ntoo thin and may not succeed in any of them. The��"}, {"start": "00:17:11", "end": "00:17:18", "text": "question now is whether it's the best project to�\ndominate that particular narrative. And that means��"}, {"start": "00:17:18", "end": "00:17:24", "text": "putting it side by side with the biggest projects�\nin that space, usually the ones with the biggest��"}, {"start": "00:17:24", "end": "00:17:30", "text": "market caps. You don't need a deep dive into them.�\nJust understand what they offer and why they've��"}, {"start": "00:17:30", "end": "00:17:36", "text": "dominated Mindshare so far. You then need to be�\nhonest with yourself about whether your chosen��"}, {"start": "00:17:36", "end": "00:17:42", "text": "project actually offers something better. If it�\ndoes, you can use the competitor's performance as��"}, {"start": "00:17:42", "end": "00:17:49", "text": "a benchmark for how well your project might do.�\nBut if it doesn't, it will probably struggle to��"}, {"start": "00:17:49", "end": "00:17:55", "text": "stand out and likely won't perform as well as�\nyou'd hope. All right, so by this point you've��"}, {"start": "00:17:55", "end": "00:18:00", "text": "done the work. You've read the documentation,�\nstress tested the tokconomics, dug into the team,��"}, {"start": "00:18:00", "end": "00:18:06", "text": "and you're feeling fairly confident. The seventh�\nand final step is the uncomfortable one. You now��"}, {"start": "00:18:06", "end": "00:18:12", "text": "need to try and break your own thesis. It's the�\nstep most retail investors skip, but also the one��"}, {"start": "00:18:12", "end": "00:18:18", "text": "that separates the people who make it from the�\npeople who don't. To do this, you need to step��"}, {"start": "00:18:18", "end": "00:18:25", "text": "back and think about what could go wrong. That�\nmeans asking tough questions like what happens if��"}, {"start": "00:18:25", "end": "00:18:31", "text": "users leave? Every protocol looks great when it�\nhas momentum, but what's actually keeping users��"}, {"start": "00:18:31", "end": "00:18:37", "text": "there? Is it deep liquidity or network effects�\nthat build over time? Or is it just retail capital��"}, {"start": "00:18:37", "end": "00:18:43", "text": "chasing incentives that vanish when the next shiny�\nthing appears? Then ask yourself, what happens��"}, {"start": "00:18:43", "end": "00:18:49", "text": "when the next major token unlock hits? What price�\ndid early investors get in at? and are the people��"}, {"start": "00:18:49", "end": "00:18:55", "text": "who bought in much cheaper likely to stick around�\nfor long-term gains or are they more likely to��"}, {"start": "00:18:55", "end": "00:19:01", "text": "sell? Also consider what percentage of tokens is�\ncurrently circulating and how that balance would��"}, {"start": "00:19:01", "end": "00:19:07", "text": "shift if a large portion suddenly got sold and�\nwhat happens if a better version of your project��"}, {"start": "00:19:07", "end": "00:19:14", "text": "comes along. Is its moat a technical edge or a�\nstrong community? And if it is the community, is��"}, {"start": "00:19:14", "end": "00:19:20", "text": "that loyalty durable or likely to fade over time?�\nAre there any competing projects in development��"}, {"start": "00:19:20", "end": "00:19:26", "text": "that could threaten it once they launch? You also�\nneed to look at regulation. Does the protocol��"}, {"start": "00:19:26", "end": "00:19:32", "text": "depend on regulatory ambiguity in order to work?�\nIs the team based in a jurisdiction that makes��"}, {"start": "00:19:32", "end": "00:19:38", "text": "enforcement easier? Have regulators like the SEC�\nmade any comments on this particular narrative?��"}, {"start": "00:19:38", "end": "00:19:43", "text": "And if the token were classified as a security�\ntomorrow, what would happen to exchange listings,��"}, {"start": "00:19:43", "end": "00:19:50", "text": "liquidity, and institutional interest? And�\nof course, can this project survive a bare��"}, {"start": "00:19:50", "end": "00:19:58", "text": "market? When Bitcoin drops, say 20%, altcoins�\ncan fall 40% or more? If that happens, where��"}, {"start": "00:19:58", "end": "00:20:04", "text": "does that leave you? Does your thesis only work�\nin market uptrends, or does the project actually��"}, {"start": "00:20:04", "end": "00:20:10", "text": "have long-term durability? Now, after you've tried�\nevery angle to break your thesis, ask yourself one��"}, {"start": "00:20:10", "end": "00:20:16", "text": "last thing. If I found out everything I just�\nworried about was true, would I still want to��"}, {"start": "00:20:16", "end": "00:20:22", "text": "own this crypto? If the answer is yes, you found�\nyour conviction. But if you feel hesitant, that��"}, {"start": "00:20:22", "end": "00:20:28", "text": "hesitation is valuable information. So use it.�\nAnd once you've answered those questions, you'll��"}, {"start": "00:20:28", "end": "00:20:34", "text": "have everything you need to make a decision. As�\nthe saying goes, knowledge is power. The more you��"}, {"start": "00:20:34", "end": "00:20:39", "text": "understand your project, the better your chances�\nof success. That said though, a crypto project��"}, {"start": "00:20:39", "end": "00:20:45", "text": "doesn't need to be perfect to do well. As long�\nas the positives clearly outweigh the negatives,��"}, {"start": "00:20:45", "end": "00:20:51", "text": "you may have found the kind of project that�\ncan take your portfolio to the moon. Good��"}, {"start": "00:20:51", "end": "00:20:57", "text": "luck. And well folks, that's about all for today.�\nYou've now mastered the art of DY. If you learned��"}, {"start": "00:20:57", "end": "00:21:02", "text": "something new, then be sure to like the video and�\nsubscribe to the channel if you haven't already.��"}, {"start": "00:21:02", "end": "00:21:07", "text": "If you're looking to build a winning portfolio,�\nthen check out the video right here. And if you��"}, {"start": "00:21:07", "end": "00:21:12", "text": "want to learn how to trade cryptocurrencies,�\nthen check out the video over here. Okay,��"}, {"start": "00:21:12", "end": "00:21:17", "text": "thank you all so much for watching and I'll see�\nyou again very soon. This is Guy signing off."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "The most important crypto bill in�\na decade just cleared committee.��"}, {"start": "00:00:04", "end": "00:00:09", "text": "So why are the people closest to it�\npreparing for it to fail? On paper,��"}, {"start": "00:00:09", "end": "00:00:15", "text": "it looks like pure momentum. A 15-9 Senate�\nbanking vote, White House backing, a July��"}, {"start": "00:00:15", "end": "00:00:21", "text": "target date. But underneath that headline,�\nthree forces are squeezing this bill at the��"}, {"start": "00:00:21", "end": "00:00:27", "text": "same time. And the people who actually count�\nthe votes in Washington are getting nervous.��"}, {"start": "00:00:27", "end": "00:00:39", "text": "I'm Louis and today we're cutting through the�\npolitical theater to look at the real odds."}, {"start": "00:00:39", "end": "00:00:44", "text": "Here's the gap nobody's talking about. A bill�\ncould look like a winner in the press release and��"}, {"start": "00:00:44", "end": "00:00:50", "text": "still be dead on arrival in the chamber. That's�\nexactly what's happening here. And by the end of��"}, {"start": "00:00:50", "end": "00:00:55", "text": "this video, you'll know the precise signals that�\ndecide whether 2026 is the year crypto got its��"}, {"start": "00:00:55", "end": "00:01:01", "text": "rules. Let's start with the win that wasn't. On�\nMay 14th, the Senate Banking Committee advanced��"}, {"start": "00:01:01", "end": "00:01:08", "text": "the Digital Asset Market Clarity Act, 15 votes�\nto nine. And what this bill actually does is��"}, {"start": "00:01:08", "end": "00:01:15", "text": "enormous. For a decade, the SEC and the CFTC�\nhave fought a turf war over who controls which��"}, {"start": "00:01:15", "end": "00:01:23", "text": "crypto asset. That fight created what insiders�\ncall regulation by enforcement. No clear rules,��"}, {"start": "00:01:23", "end": "00:01:31", "text": "just lawsuits. Clarity ends that it draws�\na statutory line handing the CFTC primary��"}, {"start": "00:01:31", "end": "00:01:37", "text": "control over spot digital commodity markets�\nwhile the SEC keeps digital securities. It��"}, {"start": "00:01:37", "end": "00:01:44", "text": "sorts every asset into three buckets. A digital�\ncommodity like Bitcoin, an investment contract��"}, {"start": "00:01:44", "end": "00:01:52", "text": "asset regulated by the SEC or a payment stable�\ncoin tied to the existing Genius Act framework.��"}, {"start": "00:01:52", "end": "00:01:59", "text": "This is the regulatory clarity the industry�\nhas begged for since 2015. So when it cleared��"}, {"start": "00:01:59", "end": "00:02:05", "text": "committee, you'd think it was halfway home. But�\nhere's the turn. Committee passage is the easy��"}, {"start": "00:02:05", "end": "00:02:12", "text": "part. As of late May, this bill has no scheduled�\nfloor date. None. And the path from committee to��"}, {"start": "00:02:12", "end": "00:02:20", "text": "law is exactly where bills go to die. Don't just�\ntake my word for it. Take Ruben Gallagos. He's one��"}, {"start": "00:02:20", "end": "00:02:26", "text": "of the Democrats who voted yes. And even he said,�\nand I'm quoting directly, \"My vote here does not��"}, {"start": "00:02:26", "end": "00:02:32", "text": "guarantee a vote on the floor.\" He added that if�\nit's not resolved by floor time, he is not afraid��"}, {"start": "00:02:32", "end": "00:02:39", "text": "to vote no. When your own supporters are hedging�\non day one, that's not momentum. That's a warning.��"}, {"start": "00:02:39", "end": "00:02:45", "text": "And to understand why he's hedging, you need to�\nsee the math. So, let's do the arithmetic because,��"}, {"start": "00:02:45", "end": "00:02:51", "text": "well, it's brutal. There are 53 Republican seats�\nin the Senate. To break filibuster and actually��"}, {"start": "00:02:51", "end": "00:02:57", "text": "vote on this bill, you need 60. That's a seven�\nvote gap that has to be filled by Democrats.��"}, {"start": "00:02:57", "end": "00:03:03", "text": "Right now, how many Democrats are committed?�\nJust two. Gallagho, who we just heard hedging,��"}, {"start": "00:03:03", "end": "00:03:08", "text": "and Angela Also Brooks of Maryland. And also�\nBrooks has also said her committee vote is not a��"}, {"start": "00:03:08", "end": "00:03:14", "text": "guarantee of support on the floor. So really, the�\ntwo committee votes aren't even fully committed.��"}, {"start": "00:03:14", "end": "00:03:19", "text": "They need at least five more Democrats, and�\nthere's no obvious place to find them. Now,��"}, {"start": "00:03:19", "end": "00:03:26", "text": "the optimists will tell you this passed the House�\nback in July 2025 with 294 votes. Huge bipartisan��"}, {"start": "00:03:26", "end": "00:03:33", "text": "margin. But here's what they leave out. The House�\nis not the Senate. The Senate needs 60 to overcome��"}, {"start": "00:03:33", "end": "00:03:41", "text": "a filibuster. And bipartisan in committee does�\nnot translate to bipartisan on the floor. In��"}, {"start": "00:03:41", "end": "00:03:47", "text": "committee, 13 Republicans carried it. Only two�\nDemocrats crossed over. The other nine Democrats,��"}, {"start": "00:03:47", "end": "00:03:53", "text": "including Elizabeth Warren, of course, voted no.�\nAnd the calendar makes every one of those missing��"}, {"start": "00:03:53", "end": "00:04:00", "text": "votes harder to find. This is an election year.�\nA yes vote can be framed two ways, both toxic for��"}, {"start": "00:04:00", "end": "00:04:08", "text": "a Democrat in 2026. One, you handed a gift to the�\ncrypto industry. Two, and this is a dangerous one,��"}, {"start": "00:04:08", "end": "00:04:13", "text": "you helped the Trump family's personal financial�\ninterests. And the financial incentive to take��"}, {"start": "00:04:13", "end": "00:04:20", "text": "that risk, well, almost non-existent. Crypto�\naligned packs spent over $271 million in this��"}, {"start": "00:04:20", "end": "00:04:26", "text": "cycle. Only 3% of that went to Democrats. So,�\nif you're a Democrat senator, you're being��"}, {"start": "00:04:26", "end": "00:04:32", "text": "asked to absorb all the political risk for none�\nof the campaign cash. There's a reason analysts��"}, {"start": "00:04:32", "end": "00:04:38", "text": "at Stifle and TD Cohen are warning the committee�\nvote signals nothing about the floor. But the vote��"}, {"start": "00:04:38", "end": "00:04:44", "text": "math, as ugly as it is, isn't even the biggest�\nproblem because there's a landmine sitting in the��"}, {"start": "00:04:44", "end": "00:04:50", "text": "middle of the negotiating table and has nothing to�\ndo with crypto policy. It's actually about Trump.��"}, {"start": "00:04:50", "end": "00:04:56", "text": "Here's the deadlock. Senators Elizabeth Warren�\nand Kristen Gillibrand are demanding conflict��"}, {"start": "00:04:56", "end": "00:05:01", "text": "of interest guardrails, rules that would bar�\nthe president, the vice president, and members��"}, {"start": "00:05:01", "end": "00:05:08", "text": "of Congress from holding personal financial stakes�\nin crypto business while in office. And the target��"}, {"start": "00:05:08", "end": "00:05:14", "text": "is not subtle. It's World Liberty Financial, the�\ncrypto venture co-founded by Donald Trump and his��"}, {"start": "00:05:14", "end": "00:05:22", "text": "sons. The exposure here is genuinely staggering.�\n49% stake in that venture was sold to a UAE linked��"}, {"start": "00:05:22", "end": "00:05:28", "text": "entity for $500 million right before the 2025�\ninauguration. The family is also connected to��"}, {"start": "00:05:28", "end": "00:05:34", "text": "memecoins, a Bitcoin mining company and a stable�\ncoin called USD1. And here's the detail that��"}, {"start": "00:05:34", "end": "00:05:40", "text": "should make you laugh and wse at the same time.�\nDonald Trump Jr. has advisory roles with Khi��"}, {"start": "00:05:40", "end": "00:05:46", "text": "and Poly Market. The exact prediction markets�\npeople are using to bet on whether this bill��"}, {"start": "00:05:46", "end": "00:05:53", "text": "passes. Gibran's line on the ethics provision is�\nabout as blunt as it gets. She said, and I quote,��"}, {"start": "00:05:53", "end": "00:06:00", "text": "\"There will be no one voting for this bill if we�\ndon't have an ethics provision.\" Warren went even��"}, {"start": "00:06:00", "end": "00:06:06", "text": "further, calling the bill something that would�\nturbocharge Donald Trump's cryptocr. So, that's��"}, {"start": "00:06:06", "end": "00:06:13", "text": "one side. Now, here's why nobody could move. The�\nWhite House has flatly refused. Their adviser,��"}, {"start": "00:06:13", "end": "00:06:19", "text": "Patrick Wit, said any ethics rules have to apply,�\nquote, across the board from the president all the��"}, {"start": "00:06:19", "end": "00:06:26", "text": "way down to the brand new intern. Translation: We�\nwill not accept anything that singles out Trump.��"}, {"start": "00:06:26", "end": "00:06:32", "text": "And Senator Cynthia Lumis warned that if the�\nbill is used as a cudel against the president,��"}, {"start": "00:06:32", "end": "00:06:38", "text": "he'll simply veto it. See the trap? If Democrats�\naccept broad, watered down language, they lose the��"}, {"start": "00:06:38", "end": "00:06:44", "text": "entire point of the demand, which was to only hold�\nTrump accountable. If Republicans accept targeted��"}, {"start": "00:06:44", "end": "00:06:50", "text": "language, Trump kills the bill that they've spent�\nyears building. Neither side can move without��"}, {"start": "00:06:50", "end": "00:06:58", "text": "losing face, so negotiations freeze. And remember�\nwhat the digital chambers CEO said, ethics has to��"}, {"start": "00:06:58", "end": "00:07:03", "text": "be resolved before leadership will even schedule�\na floor vote. Now, it does seem like a solution��"}, {"start": "00:07:03", "end": "00:07:08", "text": "would be to have solid language that holds�\neveryone accountable and stops them from insider��"}, {"start": "00:07:08", "end": "00:07:14", "text": "trading, but this is politics. And this political�\nlandmine is acting as the main gate blocking every��"}, {"start": "00:07:14", "end": "00:07:20", "text": "other path forward. And while that gate stays�\nshut, a second army is marching on the bill��"}, {"start": "00:07:20", "end": "00:07:26", "text": "from the outside, the banks. Because if you want�\nto see real lobbying muscle, watch what happened��"}, {"start": "00:07:26", "end": "00:07:33", "text": "after May 14th. The American Bankers Association�\nlaunched an emergency campaign. Their CEO sent a��"}, {"start": "00:07:33", "end": "00:07:39", "text": "letter to bank CEOs across the entire country�\ndemanding immediate engagement. The result,��"}, {"start": "00:07:39", "end": "00:07:46", "text": "bank CEOs across the country responded, flooding�\nSenate offices with letters opposing the bill.��"}, {"start": "00:07:46", "end": "00:07:52", "text": "They backed it with a reported 2.5 million�\nmedia blitz, branding the bill's stable��"}, {"start": "00:07:52", "end": "00:07:59", "text": "coin yield provisions as, and I love this phrase,�\nunregulated deposit theft. And then Jaime Diamond��"}, {"start": "00:07:59", "end": "00:08:06", "text": "stepped into the ring. The JP Morgan CEO went on�\nFox Business and did not hold back. On the bill,��"}, {"start": "00:08:06", "end": "00:08:12", "text": "he said, quote, \"Banks will not accept it that�\nway.\" On the fight, he vowed to oppose it,��"}, {"start": "00:08:12", "end": "00:08:20", "text": "quote, until the bitter end. And on Coinbase CEO�\nBrian Armstrong, who's leading the industry push,��"}, {"start": "00:08:20", "end": "00:08:26", "text": "Diamond said he was, and I'm cleaning this up�\nfor YouTube, full of it. Armstrong's response,��"}, {"start": "00:08:26", "end": "00:08:32", "text": "he posted a hockey rivalry meme. That's the level�\nof seriousness that we're operating at here. But��"}, {"start": "00:08:32", "end": "00:08:38", "text": "strip away the personalities and what are the�\nbanks actually fighting? Well, two things. First��"}, {"start": "00:08:38", "end": "00:08:44", "text": "are the yield provisions. Even after a compromise�\nbrokered by Senators Tillis and also Brooks,��"}, {"start": "00:08:44", "end": "00:08:50", "text": "banks say crypto platforms can still offer rewards�\nthat function like interest on a deposit without��"}, {"start": "00:08:50", "end": "00:08:57", "text": "any of the rules banks have to follow. Diamond's�\nterm for this is fake bank deposits. The ABA's��"}, {"start": "00:08:57", "end": "00:09:03", "text": "fear is deposit flight, money rushing out of banks�\nand into crypto, shrinking lending to consumers,��"}, {"start": "00:09:03", "end": "00:09:10", "text": "small businesses, and farmers by a fifth or more.�\nSecond, the market structure rules that hand the��"}, {"start": "00:09:10", "end": "00:09:17", "text": "CFTC that expanded jurisdiction. Now though,�\nhere's the part that exposes the hypocrisy.��"}, {"start": "00:09:17", "end": "00:09:23", "text": "While Diamond fights yieldbearing crypto products,�\nJP Morgan is actually building its own tokenized��"}, {"start": "00:09:23", "end": "00:09:30", "text": "deposit platform called Kexus. It already moves�\nmore than $1 trillion in annual transfers. So,��"}, {"start": "00:09:30", "end": "00:09:35", "text": "the bank screaming loudest about crypto deposits�\nis busy constructing crypto rails of its own.��"}, {"start": "00:09:35", "end": "00:09:40", "text": "They don't want to stop the game. They just want�\nto be the only ones allowed to play it. And the��"}, {"start": "00:09:40", "end": "00:09:47", "text": "White House's own economists undercut the panic.�\nThe ABA claims this could trigger over $1 trillion��"}, {"start": "00:09:47", "end": "00:09:54", "text": "in deposit losses, reducing community bank lending�\nby as much as $850 billion. But the Council of��"}, {"start": "00:09:54", "end": "00:10:01", "text": "Economic Adviserss estimated a full yield ban�\nwould add just $2.1 billion to bank lending.��"}, {"start": "00:10:01", "end": "00:10:08", "text": "That's 0.02% 02% of the entire loan market.�\nIn other words, the catastrophe the banks are��"}, {"start": "00:10:08", "end": "00:10:15", "text": "describing rounds to a rounding error. But here's�\nthe thing about the banking war. It might not even��"}, {"start": "00:10:15", "end": "00:10:22", "text": "matter. The ultimate threat to this bill is simply�\nthe clock. Let me show you the calendar squeeze.��"}, {"start": "00:10:22", "end": "00:10:30", "text": "The Senate is in session from June 1st through�\nJune 26th. After that, a state work period. Then��"}, {"start": "00:10:30", "end": "00:10:37", "text": "the long recess dead zone, which leaves roughly�\nfour usable weeks in June. Four weeks to merge��"}, {"start": "00:10:37", "end": "00:10:43", "text": "this bill with the Senate Agricultural Committee's�\nseparate version, resolve the ethics deadlock,��"}, {"start": "00:10:43", "end": "00:10:51", "text": "flip five Democrats, and survive a banking blitz.�\nThe White House wants a July 4th signing. Analysts��"}, {"start": "00:10:51", "end": "00:10:58", "text": "call that highly ambitious, which is Washington�\nspeak for not happening. And one person controls��"}, {"start": "00:10:58", "end": "00:11:04", "text": "whether any of this gets a shot. Senate Majority�\nLeader John Thun. He controls the floor schedule��"}, {"start": "00:11:04", "end": "00:11:11", "text": "and the bill cannot move without his sign off.�\nAs of late May, he hasn't scheduled a thing. Now,��"}, {"start": "00:11:11", "end": "00:11:18", "text": "here's the stakes, and this is the part undecided�\nsenators need to hear. If this window closes,��"}, {"start": "00:11:18", "end": "00:11:24", "text": "it doesn't reopen next year. Senator Lumis�\nspelled it out. If the bill fails, she said, \"We��"}, {"start": "00:11:24", "end": "00:11:33", "text": "wait until 2030.\" Why 2030 and not 2027? Because�\nthe 2026 midterms could flip the House majority.��"}, {"start": "00:11:33", "end": "00:11:41", "text": "The crypto friendly balance that produced that 294�\nvote House win in early 2025 could vanish entirely��"}, {"start": "00:11:41", "end": "00:11:48", "text": "and then the whole effort restarts from scratch�\nin a far less friendly Congress. A no vote in June��"}, {"start": "00:11:48", "end": "00:11:55", "text": "risks a 4-year delay, leaving America to follow�\nthe rest of the world's digital asset rules. Time,��"}, {"start": "00:11:55", "end": "00:12:01", "text": "not opposition, may be what actually kills this.�\nNow, before I give you the verdict on the exact��"}, {"start": "00:12:01", "end": "00:12:06", "text": "signals to watch, quick thing. If you want this�\nkind of breakdown, the political math behind the��"}, {"start": "00:12:06", "end": "00:12:12", "text": "headlines before it hits the mainstream, then�\nsign up for our crypto newsletter. The link's��"}, {"start": "00:12:12", "end": "00:12:18", "text": "in the description. It's free and it's where we�\ntrack these moving pieces in real time. Okay,��"}, {"start": "00:12:18", "end": "00:12:24", "text": "so let's land this. Here's the honest read. If�\nthe bill dies, the current regulatory environment��"}, {"start": "00:12:24", "end": "00:12:32", "text": "simply continues. Regulation by enforcement�\nsimply continues. The SEC and CFTC stay locked��"}, {"start": "00:12:32", "end": "00:12:38", "text": "in their turf war. The jurisdiction question�\nstays unresolved by statute, which means that��"}, {"start": "00:12:38", "end": "00:12:44", "text": "the next administration can reset everything with�\na regulatory memo. builders keep one eye offshore��"}, {"start": "00:12:44", "end": "00:12:49", "text": "where a growing share of crypto developers are�\nalready relocating. Galaxy Research projects that��"}, {"start": "00:12:49", "end": "00:12:54", "text": "offshore markets will account for 60 to 70%�\nof stable coin development under the current��"}, {"start": "00:12:54", "end": "00:13:00", "text": "Genius Act framework, a dynamic that proponents�\nargue stronger market structure rules could help��"}, {"start": "00:13:00", "end": "00:13:06", "text": "reverse. And the banks, well, they hold their�\nstructural advantage on yield through the Genius��"}, {"start": "00:13:06", "end": "00:13:11", "text": "Act, which is already law. Crypto doesn't break�\nif this fails. It just stays in that gray zone.��"}, {"start": "00:13:11", "end": "00:13:19", "text": "it's lived for for years now. The realistic path�\nforward, there are two live tracks. Track one,��"}, {"start": "00:13:19", "end": "00:13:26", "text": "Thun finds floor time in June and proponents�\nflip the votes by splitting the ethics fight��"}, {"start": "00:13:26", "end": "00:13:32", "text": "into a separate bill, freeing the market�\nstructure piece to move on its own. Track two,��"}, {"start": "00:13:32", "end": "00:13:38", "text": "that it slips to fall, loses momentum in the�\nmidterm chaos, and dies for this Congress.��"}, {"start": "00:13:38", "end": "00:13:44", "text": "The compromise that could still survive is a�\nnarrower bill. Strip out the contested yield��"}, {"start": "00:13:44", "end": "00:13:51", "text": "provisions. Keep just the CFTC SEC jurisdiction�\ntaxonomy. Less for the industry to love,��"}, {"start": "00:13:51", "end": "00:13:56", "text": "but far less for the banks to fight. So, here�\nare the exact signals to watch over the next few��"}, {"start": "00:13:56", "end": "00:14:05", "text": "weeks. One, whether schedules floor time before�\nrecess. This is the single clearest tell. No date��"}, {"start": "00:14:05", "end": "00:14:13", "text": "by late June means that it's likely cooked for�\n2026. Two, any movement on an ethics carveout.��"}, {"start": "00:14:13", "end": "00:14:20", "text": "If Warren and Gillibrand signal a compromised�\nstructure, the vote math opens up fast. Three,��"}, {"start": "00:14:20", "end": "00:14:25", "text": "whether any uncommitted Democrat goes public�\nbeyond the current two. Watch names like��"}, {"start": "00:14:25", "end": "00:14:32", "text": "Mark Warner, Cory Booker, and Andy Kim. Four,�\nthe prediction market drift. As of late May,��"}, {"start": "00:14:32", "end": "00:14:41", "text": "Poly Market sits at around 60% down from nearly�\n80% earlier this year. Colshi is closer to 50% and��"}, {"start": "00:14:41", "end": "00:14:48", "text": "crashed from 75% in a single week. That gap tells�\nits own story. The retail crowd on Poly Market is��"}, {"start": "00:14:48", "end": "00:14:54", "text": "far more hopeful than the institutional traders�\non Kshi who are pricing this tight calendar far��"}, {"start": "00:14:54", "end": "00:14:59", "text": "more aggressively. When the smart money is more�\npessimistic than the crowd, well, pay attention.��"}, {"start": "00:14:59", "end": "00:15:06", "text": "So, cut through the noise. This bill isn't dead,�\nbut it is no longer favored. The committee win��"}, {"start": "00:15:06", "end": "00:15:12", "text": "was real. The banking war is loud. The ethics�\nfight is frozen. And the clock is the thing��"}, {"start": "00:15:12", "end": "00:15:17", "text": "that's actually running out. The next three�\nweeks decide whether 2026 is the year crypto��"}, {"start": "00:15:17", "end": "00:15:23", "text": "finally got its rules or the year that it ran�\nout of time. If Thon posts a date, the whole��"}, {"start": "00:15:23", "end": "00:15:29", "text": "picture changes overnight. If he doesn't, start�\nthinking about 2030. I'll be tracking every one��"}, {"start": "00:15:29", "end": "00:15:34", "text": "of those four signals and I'll break it down�\nthe moment any of them moves. Drop a comment��"}, {"start": "00:15:34", "end": "00:15:41", "text": "with where you think the odds really sit and I'll�\nsee you in the next one. This Lewis over and out."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "In 2017, Jaime Diamond called Bitcoin a fraud.�\nHe said it was worse than Tullet Mania. He said��"}, {"start": "00:00:06", "end": "00:00:12", "text": "he'd fire any trade on his floor dumb enough to�\ntouch it. By 2021, he had cut it down to one word,��"}, {"start": "00:00:12", "end": "00:00:18", "text": "worthless. [music] Now, let's take a look�\nat 2026. JP Morgan has a live token running��"}, {"start": "00:00:18", "end": "00:00:23", "text": "on Coinbase's blockchain. The bank just filed a�\nmoney market fund straight onto public Ethereum,��"}, {"start": "00:00:23", "end": "00:00:28", "text": "the exact technology he spent a decade calling a�\nscam. And they're building on it right now. So,��"}, {"start": "00:00:28", "end": "00:00:33", "text": "here's the question I want you holding the entire�\nway through this video. Did Jaime Diamond change��"}, {"start": "00:00:33", "end": "00:00:38", "text": "his mind about crypto? Or did the banks finally�\nrealize they were about to lose and decide to��"}, {"start": "00:00:38", "end": "00:00:43", "text": "capture the one thing they couldn't kill? Because�\nwhat I'm about to show you isn't an option.��"}, {"start": "00:00:43", "end": "00:00:49", "text": "It's a war, a quiet one, over who owns the rails�\nof digital money for the next 50 [music] years.��"}, {"start": "00:00:49", "end": "00:00:55", "text": "And your savings are the price. By the end, you'll�\nsee the number Mckenzie ran that has every bank��"}, {"start": "00:00:55", "end": "00:01:00", "text": "executive losing sleep. Why a Republican senator�\nfrom the bank's own side called them a cartel.��"}, {"start": "00:01:00", "end": "00:01:06", "text": "And why the one feature that could have set your�\nmoney free was quietly made illegal last summer.��"}, {"start": "00:01:06", "end": "00:01:12", "text": "In other words, everything they set in public was�\na distraction. What they were building in private,��"}, {"start": "00:01:12", "end": "00:01:17", "text": "that's what this video is about. I'm�\nDC and you're watching the Coin Bureau.��"}, {"start": "00:01:18", "end": "00:01:22", "text": "The first thing you need to understand is the�\ndistinction that banks are quietly weaponizing.��"}, {"start": "00:01:22", "end": "00:01:27", "text": "And it sounds technical, but it's not. It's�\nthe entire game. There are two kinds of digital��"}, {"start": "00:01:27", "end": "00:01:33", "text": "dollars fighting for your money right now. The�\nfirst is a stable coin. Think USDC, think USDT. A��"}, {"start": "00:01:33", "end": "00:01:39", "text": "stable coin lives outside the banking system. It's�\nissued by a private company backed by reserves��"}, {"start": "00:01:39", "end": "00:01:45", "text": "held separately. And crucially, when you hold one,�\nyour money is no longer sitting inside a bank.��"}, {"start": "00:01:45", "end": "00:01:51", "text": "The second kind is a tokenized deposit and this is�\nwhat JP Morgan built. JPMD went live on Coinbase's��"}, {"start": "00:01:51", "end": "00:01:58", "text": "base network on November 12th, 2025. But unlike�\nstable coins, JPMD is a direct bank liability.��"}, {"start": "00:01:58", "end": "00:02:04", "text": "It's a digital claim on a real dollar sitting�\ninside JP Morgan. It's interest bearing. It's��"}, {"start": "00:02:04", "end": "00:02:09", "text": "FDIC allegible. And most importantly, it stays�\ninside the walls of the bank. So here's what��"}, {"start": "00:02:09", "end": "00:02:14", "text": "that actually means. The banks are cloning crypto.�\nThey're taking the technology, stripping out the��"}, {"start": "00:02:14", "end": "00:02:19", "text": "part that lets your money leave, and rebuilding�\nit inside the fortress, and the banks are moving��"}, {"start": "00:02:19", "end": "00:02:25", "text": "fast. To understand why that is, you need to see�\nthe number that's keeping every bank executive��"}, {"start": "00:02:25", "end": "00:02:31", "text": "awake at night. McKenzie ran the math. For every�\n$1,000 that moves into a stable coin like USDC,��"}, {"start": "00:02:31", "end": "00:02:38", "text": "banks lose roughly $850 in funding. Think�\nabout what that means for the system. 85% of��"}, {"start": "00:02:38", "end": "00:02:43", "text": "that money evaporates out of the banking system�\nthe moment it becomes a stable coin. And banks��"}, {"start": "00:02:43", "end": "00:02:48", "text": "need those deposits. That's the raw material�\nthey lend against. The foundation of the entire��"}, {"start": "00:02:48", "end": "00:02:53", "text": "fractional reserve machine. Pull out the deposits�\nand the machine grinds to a halt. And this is��"}, {"start": "00:02:53", "end": "00:02:58", "text": "already happening. Some analysts have projected�\na slow but steady drain of core deposits over the��"}, {"start": "00:02:58", "end": "00:03:04", "text": "next several years as stable coins grow. Estimates�\nvary, but even a few percentage points draining��"}, {"start": "00:03:04", "end": "00:03:09", "text": "over 5 years represents hundreds of billions�\nleaving the system. It's a slow leak, but a��"}, {"start": "00:03:09", "end": "00:03:14", "text": "leak in a dam is still how the dam eventually�\nbreaks. So, when JP Morgan tells you tokenized��"}, {"start": "00:03:14", "end": "00:03:20", "text": "deposits are a superior alternative to stable�\ncoins, this is what they're actually saying.��"}, {"start": "00:03:20", "end": "00:03:24", "text": "They are offering you a cage with a blockchain�\npainted on the bars. And here's the part that��"}, {"start": "00:03:24", "end": "00:03:29", "text": "should make you sit up. This isn't a side�\nproject anymore. JP Morgan's blockchain arm,��"}, {"start": "00:03:29", "end": "00:03:36", "text": "rebranded from Onyx to Kexus, has already�\nprocessed over $1.5 trillion in cumulative volume.��"}, {"start": "00:03:36", "end": "00:03:42", "text": "The bank is targeting $10 billion in transactions�\nper day. But tokenized deposits are only the first��"}, {"start": "00:03:42", "end": "00:03:48", "text": "move. Because while everyone's arguing about which�\ndigital dollar wins, the banks are quietly seizing��"}, {"start": "00:03:48", "end": "00:03:53", "text": "something far more valuable, the vaults. Here's�\nthe core truth most people miss. In any gold rush,��"}, {"start": "00:03:53", "end": "00:03:58", "text": "the people who get rich are the ones selling the�\nshovels and renting out the safe. And in crypto,��"}, {"start": "00:03:58", "end": "00:04:04", "text": "that safe is called custody. Now, custody is just�\nthe unglamorous business of holding the asset,��"}, {"start": "00:04:04", "end": "00:04:08", "text": "keeping it secure, making sure it doesn't�\nget hacked or lost. It sounds like plumbing,��"}, {"start": "00:04:08", "end": "00:04:12", "text": "but whoever owns the plumbing owns�\nthe building, and the banks know it.��"}, {"start": "00:04:12", "end": "00:04:17", "text": "Now, before we go any further, if you want to�\nfollow this fight as it unfolds in real time,��"}, {"start": "00:04:17", "end": "00:04:22", "text": "our Telegram channel is where we break all of�\nthis down daily. The link's in the description��"}, {"start": "00:04:22", "end": "00:04:28", "text": "and it's genuinely worth joining. Okay, let's take�\na look at BNY Melon. This is the oldest bank in��"}, {"start": "00:04:28", "end": "00:04:36", "text": "America sitting on 59.4 trillion in assets under�\ncustody as of March 2026. A number so large it's��"}, {"start": "00:04:36", "end": "00:04:41", "text": "hard to comprehend. So to put it in scale,�\nthat's more than the entire annual economic��"}, {"start": "00:04:41", "end": "00:04:47", "text": "output of the United States, China, and Germany�\ncombined sitting in one institution's vaults.��"}, {"start": "00:04:47", "end": "00:04:53", "text": "And on May 7th, 2026, BNY launched institutional�\ncrypto custody in Abu Dhabi. Bitcoin and Ethereum��"}, {"start": "00:04:53", "end": "00:04:59", "text": "first with the stable coins and tokenized real�\nworld assets. Next, the oldest bank in America��"}, {"start": "00:04:59", "end": "00:05:04", "text": "planting a flag in the desert to hold the assets�\nits peers called a fraud. Then there's Standard��"}, {"start": "00:05:04", "end": "00:05:10", "text": "Charted. In 2020, Standard Charted helped�\ncreate a crypto custody venture called Zodia.��"}, {"start": "00:05:10", "end": "00:05:16", "text": "Just a little toe in the water, a way to dabble�\nwithout actually committing. But on May 18th,��"}, {"start": "00:05:16", "end": "00:05:22", "text": "2026, they stopped dabbling. They bought out�\nthe regulated custody business entirely and��"}, {"start": "00:05:22", "end": "00:05:27", "text": "folded it directly into the core bank. No more�\narms length, no more experiment, in-house,��"}, {"start": "00:05:27", "end": "00:05:33", "text": "full control. And 9 days later on May 27th, they�\nbecame the first global systematically important��"}, {"start": "00:05:33", "end": "00:05:40", "text": "bank on Earth to run an institutional crypto�\ncustody transaction in Hong Kong. The first, that��"}, {"start": "00:05:40", "end": "00:05:45", "text": "word matters because in finance, the first mover�\nwrites the rules. everyone else has to follow.��"}, {"start": "00:05:45", "end": "00:05:52", "text": "And now to Morgan Stanley because they're playing�\nthe most aggressive game of all. In February 2026,��"}, {"start": "00:05:52", "end": "00:05:57", "text": "they filed with regulators for a national trust�\ncharter. Now, in simple terms, this means that��"}, {"start": "00:05:57", "end": "00:06:02", "text": "they want to move crypto custody, staking,�\nand trading to a completely in-house solution,��"}, {"start": "00:06:02", "end": "00:06:06", "text": "cutting out third party firms they currently�\nrely on. And then they did something that tells��"}, {"start": "00:06:06", "end": "00:06:12", "text": "you everything about their mindset. They launch�\ncrypto trading on E Trade at 50 basis points,��"}, {"start": "00:06:12", "end": "00:06:18", "text": "half a percent. Compare that to Charles Schwab�\nat 75 basis points or Fidelity at around 100.��"}, {"start": "00:06:18", "end": "00:06:24", "text": "So Morgan Stanley walked right in and undercut the�\ncompetition on day one. And here's the crazy part.��"}, {"start": "00:06:24", "end": "00:06:30", "text": "When they launched their Bitcoin ETF in�\nApril, they priced it at a.14% expense ratio,��"}, {"start": "00:06:30", "end": "00:06:35", "text": "the lowest in the entire market at launch. This�\nbank is entering at the bottom of a price war,��"}, {"start": "00:06:35", "end": "00:06:40", "text": "trying to win on volume. And here's the part that�\nreframes everything. The banks aren't the only��"}, {"start": "00:06:40", "end": "00:06:48", "text": "ones racing for these charters. Between December�\n2025 and March 2026, 11 firms filed for or won the��"}, {"start": "00:06:48", "end": "00:06:55", "text": "same federal trust approvals. Circles, Ripple,�\nBitco. And on April 2nd, 2026, Coinbase itself��"}, {"start": "00:06:55", "end": "00:07:00", "text": "got conditional approval. Think about what that�\nmeans for a second. The crypto firm the banks are��"}, {"start": "00:07:00", "end": "00:07:06", "text": "at war with just got handed the exact same federal�\nblessing the banks have. Now, this is two armies��"}, {"start": "00:07:06", "end": "00:07:11", "text": "racing for the same hill. And whoever plants the�\nflag first decides the rules of digital money for��"}, {"start": "00:07:11", "end": "00:07:17", "text": "everyone behind them. Which brings us to the third�\nfront in this war, the money itself. Remember how��"}, {"start": "00:07:17", "end": "00:07:23", "text": "I said banks were cloning crypto to keep your�\nmoney inside? Tokenized deposits were move one.��"}, {"start": "00:07:23", "end": "00:07:28", "text": "But some banks decided cloning wasn't enough. They�\nwanted their own stable coins, too. And so on May��"}, {"start": "00:07:28", "end": "00:07:36", "text": "27th, 2026, SoFi crossed a line nobody had crossed�\nbefore. SoFi became the first US chartered bank to��"}, {"start": "00:07:36", "end": "00:07:42", "text": "put a stable coin directly inside a consumer�\nbanking app. It's called SoFi USD and it's��"}, {"start": "00:07:42", "end": "00:07:47", "text": "sitting in front of roughly 14.7 million members.�\nSo think about how different this actually is.��"}, {"start": "00:07:47", "end": "00:07:51", "text": "This is a stable coin sitting right in a regular�\nperson's banking app next to their checking��"}, {"start": "00:07:51", "end": "00:07:57", "text": "account. So even extended a partnership with�\nMastercard so the token can settle payments across��"}, {"start": "00:07:57", "end": "00:08:03", "text": "Mastercard's global network. To put it simply,�\nthe wall between crypto and your everyday money��"}, {"start": "00:08:03", "end": "00:08:07", "text": "just got demolished. And of course, Fidelity�\nmade its own move, too. They launched the��"}, {"start": "00:08:07", "end": "00:08:15", "text": "Fidelity digital dollar, FID, in February 2026�\nwith reserves held at of all places, BNY Melon.��"}, {"start": "00:08:15", "end": "00:08:21", "text": "So, you're starting to see how this web connects,�\nright? The same handful of institutions showing��"}, {"start": "00:08:21", "end": "00:08:27", "text": "up at every layer of our new system. But the most�\nrevealing move of all is happening in Europe right��"}, {"start": "00:08:27", "end": "00:08:33", "text": "now. 37 financial institutions across 15 countries�\nare building a single euro stable coin called��"}, {"start": "00:08:33", "end": "00:08:41", "text": "Quivalis. ING, BNP, Pariba, BBVA, Uni Credit, some�\nof the biggest names in European banking circling��"}, {"start": "00:08:41", "end": "00:08:46", "text": "the wagons together. And here's the detail�\nthat gives the whole game away. To run it,��"}, {"start": "00:08:46", "end": "00:08:52", "text": "they hired the former head of Coinbase Germany,�\na CEO. Think about the implications of that hire.��"}, {"start": "00:08:52", "end": "00:08:57", "text": "The European banking establishment is literally�\nrecruiting from the enemy to build its defense.��"}, {"start": "00:08:57", "end": "00:09:02", "text": "That looks more like a hostage negotiation�\nwhere the banks are writing the terms. And��"}, {"start": "00:09:02", "end": "00:09:10", "text": "why a consortium? Why 37 banks instead of one bold�\nleader? Well, because the consortium is the moat.��"}, {"start": "00:09:10", "end": "00:09:15", "text": "You see, no single European bank can fight the�\ndollar stable coins that dominate 98% of the��"}, {"start": "00:09:15", "end": "00:09:22", "text": "global market alone. But 37 of them moving as one�\nbefore any cryptonative firm can get there first.��"}, {"start": "00:09:22", "end": "00:09:27", "text": "Now that's a fortress and S&P thinks the price is�\nworth it. They project the euro stable coin market��"}, {"start": "00:09:27", "end": "00:09:35", "text": "could grow to� 1.1 trillion euros by 2030 from�\na base today of less than2% of all stable coins.��"}, {"start": "00:09:35", "end": "00:09:40", "text": "The banks are racing to own a market before�\nit even exists. But none of these moves,��"}, {"start": "00:09:40", "end": "00:09:45", "text": "not the tokens, not the vaults, not the stable�\ncoins would be possible without one thing,��"}, {"start": "00:09:45", "end": "00:09:51", "text": "the rules changing in their favor. And that's�\nthe part they really don't want you to look at.��"}, {"start": "00:09:51", "end": "00:09:55", "text": "Here's a pattern that holds across all of�\nfinancial history. Banks embraced new technology��"}, {"start": "00:09:55", "end": "00:10:02", "text": "the moment the rules let them dominated. And in�\nJuly 2025, the rules changed. President Trump��"}, {"start": "00:10:02", "end": "00:10:07", "text": "signed the Genius Act, the first federal framework�\nfor stable coins. And it sounds like consumer��"}, {"start": "00:10:07", "end": "00:10:12", "text": "protection. It mandates full reserve backing, real�\nguard rails, all the responsible stuff. But buried��"}, {"start": "00:10:12", "end": "00:10:18", "text": "inside is one provision that tells you exactly�\nwho wrote the playbook. The Genius Act bans stable��"}, {"start": "00:10:18", "end": "00:10:23", "text": "coins for paying yield. So, if you hold a stable�\ncoin, the issue is legally forbidden from paying��"}, {"start": "00:10:23", "end": "00:10:29", "text": "you interest on it. Now, please ask yourself�\nhonestly, who does this actually protect? Because��"}, {"start": "00:10:29", "end": "00:10:35", "text": "the one thing a bank deposit offers that a stable�\ncoin couldn't legally match anymore is interest.��"}, {"start": "00:10:35", "end": "00:10:40", "text": "The banking lobby's own commission numbers claim�\nthat allowing stable coin yield could trigger��"}, {"start": "00:10:40", "end": "00:10:48", "text": "up to $6.6 trillion in deposit outflows. 6.6 6�\ntrillion reasons to make sure your stable coin��"}, {"start": "00:10:48", "end": "00:10:54", "text": "pays you absolutely nothing. They called it�\ninvestor protection. But strip away the language��"}, {"start": "00:10:54", "end": "00:10:59", "text": "and it's a wall built around the one feature that�\nkeeps your money in their hands. And now there's a��"}, {"start": "00:10:59", "end": "00:11:05", "text": "second bill and this is the live battlefield. The�\nClarity Act passed the Senate Banking Committee 15��"}, {"start": "00:11:05", "end": "00:11:13", "text": "to9 on May 14th, 2026. and it contains the exact�\nthing the banks fear most, a path for crypto firms��"}, {"start": "00:11:13", "end": "00:11:19", "text": "to pay deposit-like rewards on stable coins. The�\nbanks through the American Bankers Association are��"}, {"start": "00:11:19", "end": "00:11:25", "text": "fighting it with absolutely everything they have.�\nOn May 11th, the ABA sent an emergency letter to��"}, {"start": "00:11:25", "end": "00:11:31", "text": "every bank CEO in the country. Members fired�\noff over 8,000 letters to the Senate offices.��"}, {"start": "00:11:31", "end": "00:11:36", "text": "This has become full mobilization. And here's�\nwhere the mask finally slips all the way off.��"}, {"start": "00:11:36", "end": "00:11:40", "text": "On May 29th, just a couple of days ago, Jaime�\nDiamond went on Fox Business and said the��"}, {"start": "00:11:40", "end": "00:11:46", "text": "quiet part out loud. He said if the bill lets�\ncrypto firms pay interest on deposits, quote,��"}, {"start": "00:11:46", "end": "00:11:51", "text": "\"The banks will not accept it.\" He said�\nit would quote eventually blow up. And he��"}, {"start": "00:11:51", "end": "00:11:57", "text": "called Coinbase's CEO Brian Armstrong, and I'm�\ncleaning this up for YouTube, full of nonsense,��"}, {"start": "00:11:57", "end": "00:12:02", "text": "accusing him of spending hundreds of millions�\nlobbying for an unfair edge. So, let's stop and��"}, {"start": "00:12:02", "end": "00:12:07", "text": "look at the contradiction. Diamond is running�\na deposit token on Coinbase's own network. He's��"}, {"start": "00:12:07", "end": "00:12:13", "text": "filing funds onto public Ethereum and in the same�\nbreath, he's fighting to make sure crypto firms��"}, {"start": "00:12:13", "end": "00:12:20", "text": "can never pay you a return on digital dollars. The�\nreal issue was that competition was inconvenient.��"}, {"start": "00:12:20", "end": "00:12:26", "text": "Even a Republican senator, Bernie Moreno, called�\nthe banking lobby a quote cartel in full panic��"}, {"start": "00:12:26", "end": "00:12:31", "text": "mode, defending a monopoly that pays consumers�\nnext to nothing. When a senator from the party��"}, {"start": "00:12:31", "end": "00:12:37", "text": "banks usually count on is calling them a cartel,�\nyou know the fight is real. So let's close the��"}, {"start": "00:12:37", "end": "00:12:42", "text": "loop we opened at the start. The question was�\nsimple. Is this adoption or is it capture?��"}, {"start": "00:12:43", "end": "00:12:48", "text": "And now you have the answer. The Bank of England's�\nown policy maker Megan Green said it plainly. She��"}, {"start": "00:12:48", "end": "00:12:53", "text": "predicts tokenized deposits will take over from�\nstable coins and that five years from now we might��"}, {"start": "00:12:53", "end": "00:12:58", "text": "wonder why we talked about stable coins at all.�\nThis is the establishment calmly telling you it��"}, {"start": "00:12:58", "end": "00:13:04", "text": "intends to replace the disruptors with something�\nit controls. So here's what's actually at stake��"}, {"start": "00:13:04", "end": "00:13:09", "text": "for you. The original promise of digital money�\nwas open and permissionless. Money that moves in��"}, {"start": "00:13:09", "end": "00:13:14", "text": "seconds that anyone with a phone can hold with�\nno gatekeeper taking a cut and no institution��"}, {"start": "00:13:14", "end": "00:13:20", "text": "deciding who's allowed in. Now what's being built�\ninstead is the same gatekeeping system with a��"}, {"start": "00:13:20", "end": "00:13:25", "text": "blockchain coat of paint. They are relying on�\nthe usual bolts and gatekeepers with rules tilted��"}, {"start": "00:13:25", "end": "00:13:31", "text": "toward the same handful of institutions just�\nfaster and dressed in the language of innovation.��"}, {"start": "00:13:31", "end": "00:13:35", "text": "The banks looked at a technology that threatened�\nto make them optional and decided that if they��"}, {"start": "00:13:35", "end": "00:13:41", "text": "couldn't stop it, they would simply own it. They�\nare using tokenized deposits to trap the money,��"}, {"start": "00:13:41", "end": "00:13:45", "text": "securing custody charges for the vaults and�\nforming stable coin consortiums to control the��"}, {"start": "00:13:45", "end": "00:13:51", "text": "rails and a regulatory war to make sure the open�\nversion never gets to compete on the one thing��"}, {"start": "00:13:51", "end": "00:13:57", "text": "that matters. So, did Jaime Diamond change his�\nmind about crypto? Or did the banks finally��"}, {"start": "00:13:57", "end": "00:14:01", "text": "realize they were about to lose and decide�\nto capture the one thing they couldn't kill?��"}, {"start": "00:14:02", "end": "00:14:05", "text": "I'm pretty sure you already know the answer,�\nbut please drop your thoughts in the comments.��"}, {"start": "00:14:05", "end": "00:14:12", "text": "adoption or capture. And if you want to follow�\nevery move as it happens, the votes, the lobbying,��"}, {"start": "00:14:12", "end": "00:14:17", "text": "the next bank to break ranks, join us on the�\nTelegram channel. Seriously, it's worth it.��"}, {"start": "00:14:18", "end": "00:14:24", "text": "As always, thanks so much for watching and I'll�\nsee you again very soon. This is DC signing off."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "What do you know? It turns out for 4"}, {"start": "00:00:03", "end": "00:00:07", "text": "years, anyone with the right knowledge"}, {"start": "00:00:05", "end": "00:00:11", "text": "could have printed unlimited and"}, {"start": "00:00:07", "end": "00:00:14", "text": "untraceable Zcash out of thin air. And"}, {"start": "00:00:11", "end": "00:00:16", "text": "nobody knew. The developers who built it"}, {"start": "00:00:14", "end": "00:00:18", "text": "had no idea. The auditors missed it"}, {"start": "00:00:16", "end": "00:00:21", "text": "entirely. And even the elite"}, {"start": "00:00:18", "end": "00:00:24", "text": "cryptographers who designed the privacy"}, {"start": "00:00:21", "end": "00:00:26", "text": "system were completely in the dark. The"}, {"start": "00:00:24", "end": "00:00:29", "text": "floor sat in just two lines of code"}, {"start": "00:00:26", "end": "00:00:31", "text": "buried inside the exact mechanism that"}, {"start": "00:00:29", "end": "00:00:35", "text": "was supposed to make Zcash perfectly"}, {"start": "00:00:31", "end": "00:00:37", "text": "private. And then in late May 2026, an"}, {"start": "00:00:35", "end": "00:00:40", "text": "AI model that had been public for"}, {"start": "00:00:37", "end": "00:00:43", "text": "roughly 24 hours read that code and did"}, {"start": "00:00:40", "end": "00:00:47", "text": "in days what human experts couldn't do"}, {"start": "00:00:43", "end": "00:00:50", "text": "in years. It found the hole and then"}, {"start": "00:00:47", "end": "00:00:53", "text": "helped build a working exploit. And"}, {"start": "00:00:50", "end": "00:00:56", "text": "what's more, because Zcash is so"}, {"start": "00:00:53", "end": "00:00:59", "text": "private, no one can ever prove that the"}, {"start": "00:00:56", "end": "00:01:02", "text": "bug was never used. So today, we'll take"}, {"start": "00:00:59", "end": "00:01:04", "text": "a look at exactly what broke, expose how"}, {"start": "00:01:02", "end": "00:01:07", "text": "a machine caught what cryptographers"}, {"start": "00:01:04", "end": "00:01:10", "text": "missed, and lay out why this might be"}, {"start": "00:01:07", "end": "00:01:14", "text": "the most unsettling crypto vulnerability"}, {"start": "00:01:10", "end": "00:01:17", "text": "of the decade. My name is Guy, and"}, {"start": "00:01:14", "end": "00:01:19", "text": "you're watching the Coin Bureau. Righty,"}, {"start": "00:01:17", "end": "00:01:20", "text": "before we get to the part where AI does"}, {"start": "00:01:19", "end": "00:01:23", "text": "something both brilliant and also"}, {"start": "00:01:20", "end": "00:01:25", "text": "slightly terrifying at the same time,"}, {"start": "00:01:23", "end": "00:01:29", "text": "let's look at what the issue actually"}, {"start": "00:01:25", "end": "00:01:31", "text": "was. So, Zcash has something called the"}, {"start": "00:01:29", "end": "00:01:34", "text": "Orchard Shielded Pool, which put simply"}, {"start": "00:01:31", "end": "00:01:37", "text": "is the core of Zcash's privacy. It hides"}, {"start": "00:01:34", "end": "00:01:39", "text": "the amounts, hides the participants,"}, {"start": "00:01:37", "end": "00:01:42", "text": "hides everything using zero knowledge"}, {"start": "00:01:39", "end": "00:01:43", "text": "proofs. And for those unfamiliar, a zero"}, {"start": "00:01:42", "end": "00:01:46", "text": "knowledge proof lets you prove something"}, {"start": "00:01:43", "end": "00:01:49", "text": "is true without revealing any of the"}, {"start": "00:01:46", "end": "00:01:52", "text": "underlying details. By the way, and the"}, {"start": "00:01:49", "end": "00:01:55", "text": "entire system rests on one property"}, {"start": "00:01:52", "end": "00:01:58", "text": "called soundness, the guarantee that you"}, {"start": "00:01:55", "end": "00:02:00", "text": "cannot create a valid proof for a false"}, {"start": "00:01:58", "end": "00:02:03", "text": "statement. It's the mathematical"}, {"start": "00:02:00", "end": "00:02:07", "text": "bedrock. But that bedrock had a crack in"}, {"start": "00:02:03", "end": "00:02:10", "text": "it. The bug lived in a Rust library"}, {"start": "00:02:07", "end": "00:02:13", "text": "called Halo 2 gadgets. specifically"}, {"start": "00:02:10", "end": "00:02:16", "text": "inside the elliptic curve multiplication"}, {"start": "00:02:13", "end": "00:02:19", "text": "gadget. The circuit failed to properly"}, {"start": "00:02:16", "end": "00:02:22", "text": "constrain its inputs. Now, in plain"}, {"start": "00:02:19", "end": "00:02:24", "text": "English, mathematically invalid inputs"}, {"start": "00:02:22", "end": "00:02:27", "text": "could pass a check that should have"}, {"start": "00:02:24", "end": "00:02:30", "text": "rejected them outright. Cryptographers"}, {"start": "00:02:27", "end": "00:02:33", "text": "call this under constrained. The circuit"}, {"start": "00:02:30", "end": "00:02:35", "text": "was accepting more valid proofs than it"}, {"start": "00:02:33", "end": "00:02:37", "text": "ever should have. And that made it"}, {"start": "00:02:35", "end": "00:02:40", "text": "possible for an attacker to mint"}, {"start": "00:02:37", "end": "00:02:43", "text": "unlimited counterfeit ZEC inside the"}, {"start": "00:02:40", "end": "00:02:46", "text": "shielded pool. And that fake ZEC would"}, {"start": "00:02:43", "end": "00:02:48", "text": "be completely undetectable on chain. A"}, {"start": "00:02:46", "end": "00:02:51", "text": "fake coin would look identical to a real"}, {"start": "00:02:48", "end": "00:02:53", "text": "one because well, the privacy hides"}, {"start": "00:02:51", "end": "00:02:55", "text": "everything. So the attacker could"}, {"start": "00:02:53", "end": "00:02:59", "text": "potentially double spend the same"}, {"start": "00:02:55", "end": "00:03:02", "text": "shielded Ze over and over. And this bug"}, {"start": "00:02:59", "end": "00:03:07", "text": "was live since the orchard pool launched"}, {"start": "00:03:02", "end": "00:03:09", "text": "in May 2022, roughly 4 years, 1 day, and"}, {"start": "00:03:07", "end": "00:03:13", "text": "a few hours through multiple human"}, {"start": "00:03:09", "end": "00:03:17", "text": "audits by worldclass cryptographers. Two"}, {"start": "00:03:13", "end": "00:03:18", "text": "lines of code missed for 4 years. Which"}, {"start": "00:03:17", "end": "00:03:21", "text": "brings us directly to the part that"}, {"start": "00:03:18", "end": "00:03:24", "text": "should keep every privacy coin holder up"}, {"start": "00:03:21", "end": "00:03:26", "text": "at night. The identity of the auditor"}, {"start": "00:03:24", "end": "00:03:29", "text": "who finally caught it. Now, the man in"}, {"start": "00:03:26", "end": "00:03:31", "text": "question is Taylor Hornby, a security"}, {"start": "00:03:29", "end": "00:03:34", "text": "researcher hired by Shielded Labs in"}, {"start": "00:03:31", "end": "00:03:37", "text": "April 2026 to proactively audit Zcash's"}, {"start": "00:03:34", "end": "00:03:40", "text": "cryptographic infrastructure. But Hornby"}, {"start": "00:03:37", "end": "00:03:43", "text": "didn't find this bug all on his own. He"}, {"start": "00:03:40", "end": "00:03:47", "text": "used Anthropic's Claude Opus 4.8. Now,"}, {"start": "00:03:43", "end": "00:03:50", "text": "Claude Opus 4.8 was released on the 28th"}, {"start": "00:03:47", "end": "00:03:54", "text": "of May 2026. Hornby discovered the bug"}, {"start": "00:03:50", "end": "00:03:57", "text": "on the 29th of May, i.e. within roughly"}, {"start": "00:03:54", "end": "00:03:59", "text": "24 hours of the model going public. But"}, {"start": "00:03:57", "end": "00:04:01", "text": "let's be clear on the specifics of this"}, {"start": "00:03:59", "end": "00:04:03", "text": "though, because instead of simply"}, {"start": "00:04:01", "end": "00:04:06", "text": "pasting the code and asking the AI what"}, {"start": "00:04:03", "end": "00:04:09", "text": "was wrong, he built a custom auditing"}, {"start": "00:04:06", "end": "00:04:11", "text": "framework reportedly called Zcash full"}, {"start": "00:04:09", "end": "00:04:13", "text": "stack auditor with sophisticated"}, {"start": "00:04:11", "end": "00:04:15", "text": "purpose-built prompts designed"}, {"start": "00:04:13", "end": "00:04:18", "text": "specifically to hunt for constraint"}, {"start": "00:04:15", "end": "00:04:21", "text": "failures. And the AI even went a step"}, {"start": "00:04:18", "end": "00:04:24", "text": "further, helping Hornby write a complete"}, {"start": "00:04:21", "end": "00:04:26", "text": "working proofofconcept exploit. When he"}, {"start": "00:04:24", "end": "00:04:29", "text": "ran it in a local test environment, it"}, {"start": "00:04:26", "end": "00:04:32", "text": "generated unlimited undetectable"}, {"start": "00:04:29", "end": "00:04:35", "text": "counterfeit Zeg. In Shielded Labs's own"}, {"start": "00:04:32", "end": "00:04:38", "text": "words, the exploit worked and they think"}, {"start": "00:04:35", "end": "00:04:42", "text": "Hornby probably found it before any"}, {"start": "00:04:38", "end": "00:04:43", "text": "attacker did. Probably. Right. If you're"}, {"start": "00:04:42", "end": "00:04:45", "text": "looking to trade these latest market"}, {"start": "00:04:43", "end": "00:04:47", "text": "moves, whether that's crypto or"}, {"start": "00:04:45", "end": "00:04:50", "text": "traditional assets like gold and"}, {"start": "00:04:47", "end": "00:04:52", "text": "commodities, then BitGet is definitely"}, {"start": "00:04:50", "end": "00:04:54", "text": "worth a look. They've just rolled out"}, {"start": "00:04:52", "end": "00:04:55", "text": "their Tradfy trading platform, which"}, {"start": "00:04:54", "end": "00:04:59", "text": "lets you trade assets like gold and"}, {"start": "00:04:55", "end": "00:05:01", "text": "other commodities directly using USDT,"}, {"start": "00:04:59", "end": "00:05:04", "text": "so you don't need to jump between"}, {"start": "00:05:01", "end": "00:05:09", "text": "platforms. You also get deep liquidity,"}, {"start": "00:05:04", "end": "00:05:11", "text": "low slippage, and access to up to 500x"}, {"start": "00:05:09", "end": "00:05:14", "text": "leverage."}, {"start": "00:05:11", "end": "00:05:16", "text": "Now, if you sign up using the QR code on"}, {"start": "00:05:14", "end": "00:05:19", "text": "screen or the link in the description,"}, {"start": "00:05:16", "end": "00:05:22", "text": "you can get up to $50,000"}, {"start": "00:05:19", "end": "00:05:24", "text": "in bonuses. And on top of that, if you"}, {"start": "00:05:22", "end": "00:05:27", "text": "complete your first net deposit of"}, {"start": "00:05:24", "end": "00:05:31", "text": "$5,000 and place your first trade,"}, {"start": "00:05:27", "end": "00:05:36", "text": "you'll unlock a VIP3 trial. Now, that"}, {"start": "00:05:31", "end": "00:05:40", "text": "includes up to 38% fee discounts,"}, {"start": "00:05:36", "end": "00:05:43", "text": "exclusive VIP perks, and free token"}, {"start": "00:05:40", "end": "00:05:46", "text": "airdrops. So, scan the QR code, check"}, {"start": "00:05:43", "end": "00:05:48", "text": "the link below, and see what BitGet has"}, {"start": "00:05:46", "end": "00:05:51", "text": "to offer. Now, you might assume that"}, {"start": "00:05:48", "end": "00:05:53", "text": "after the fix went live, the developers"}, {"start": "00:05:51", "end": "00:05:56", "text": "could simply check the books and confirm"}, {"start": "00:05:53", "end": "00:05:59", "text": "no fake Zeg was ever created. However,"}, {"start": "00:05:56", "end": "00:06:01", "text": "that assumption runs straight into the"}, {"start": "00:05:59", "end": "00:06:04", "text": "central paradox of the entire"}, {"start": "00:06:01", "end": "00:06:06", "text": "privacycoin model. The developers moved"}, {"start": "00:06:04", "end": "00:06:09", "text": "incredibly fast, and credit where it's"}, {"start": "00:06:06", "end": "00:06:11", "text": "due, they didn't hesitate to take action"}, {"start": "00:06:09", "end": "00:06:13", "text": "once the bug was discovered. On the 1st"}, {"start": "00:06:11", "end": "00:06:15", "text": "and 2nd of June, they developed and"}, {"start": "00:06:13", "end": "00:06:18", "text": "deployed an emergency soft fork that"}, {"start": "00:06:15", "end": "00:06:20", "text": "temporarily disabled all Orchard"}, {"start": "00:06:18", "end": "00:06:23", "text": "transactions, closing the window. On the"}, {"start": "00:06:20", "end": "00:06:26", "text": "3rd of June, the NU6.2 to hard fork"}, {"start": "00:06:23", "end": "00:06:27", "text": "activated with a corrected circuit. A"}, {"start": "00:06:26", "end": "00:06:30", "text": "hard fork was required by the way"}, {"start": "00:06:27", "end": "00:06:32", "text": "because changing even two lines of a"}, {"start": "00:06:30", "end": "00:06:35", "text": "zero knowledge circuit changes its"}, {"start": "00:06:32", "end": "00:06:37", "text": "cryptographic verifying key. So every"}, {"start": "00:06:35", "end": "00:06:39", "text": "node has to upgrade. The transition"}, {"start": "00:06:37", "end": "00:06:41", "text": "caused widespread block explorer"}, {"start": "00:06:39", "end": "00:06:44", "text": "synchronization failures that lasted"}, {"start": "00:06:41", "end": "00:06:46", "text": "over 4 hours, briefly creating the"}, {"start": "00:06:44", "end": "00:06:50", "text": "appearance of a network halt. Though the"}, {"start": "00:06:46", "end": "00:06:52", "text": "Zcash mainet itself continued producing"}, {"start": "00:06:50", "end": "00:06:55", "text": "blocks, Orchard transactions remained"}, {"start": "00:06:52", "end": "00:06:58", "text": "suspended for approximately 24 hours"}, {"start": "00:06:55", "end": "00:07:01", "text": "across the full remediation window and"}, {"start": "00:06:58", "end": "00:07:05", "text": "officially they found no evidence of"}, {"start": "00:07:01", "end": "00:07:07", "text": "exploitation. But crucially, no evidence"}, {"start": "00:07:05", "end": "00:07:09", "text": "of exploitation cannot be"}, {"start": "00:07:07", "end": "00:07:12", "text": "cryptographically proven. Because"}, {"start": "00:07:09", "end": "00:07:14", "text": "Orchard is fully private, hiding all"}, {"start": "00:07:12", "end": "00:07:16", "text": "amounts and participants from everyone,"}, {"start": "00:07:14", "end": "00:07:18", "text": "including the developers themselves,"}, {"start": "00:07:16", "end": "00:07:20", "text": "it's impossible to prove that no"}, {"start": "00:07:18", "end": "00:07:23", "text": "counterfeit Ze was ever minted. And the"}, {"start": "00:07:20", "end": "00:07:26", "text": "Zcash Foundation admitted this directly."}, {"start": "00:07:23", "end": "00:07:28", "text": "If someone had minted, say, a million"}, {"start": "00:07:26", "end": "00:07:31", "text": "fake Ze 3 years ago and simply held it"}, {"start": "00:07:28", "end": "00:07:34", "text": "inside the shielded pool, there would be"}, {"start": "00:07:31", "end": "00:07:36", "text": "zero evidence. and no way to prove those"}, {"start": "00:07:34", "end": "00:07:39", "text": "coins don't exist. And this is the"}, {"start": "00:07:36", "end": "00:07:41", "text": "privacy coin paradox in one line. The"}, {"start": "00:07:39", "end": "00:07:44", "text": "exact feature that hides your"}, {"start": "00:07:41", "end": "00:07:47", "text": "transactions also makes supply integrity"}, {"start": "00:07:44", "end": "00:07:50", "text": "unverifiable. Now, the developers do"}, {"start": "00:07:47", "end": "00:07:52", "text": "have a defense. They point to a"}, {"start": "00:07:50", "end": "00:07:55", "text": "turnstyle mechanism that tracks value"}, {"start": "00:07:52", "end": "00:07:57", "text": "moving between pools. So to actually"}, {"start": "00:07:55", "end": "00:08:00", "text": "profit, an attacker would have to move"}, {"start": "00:07:57", "end": "00:08:02", "text": "counterfeit coins out to a transparent"}, {"start": "00:08:00", "end": "00:08:06", "text": "address or an exchange where the"}, {"start": "00:08:02", "end": "00:08:08", "text": "turnstyle would register a surplus. But"}, {"start": "00:08:06", "end": "00:08:10", "text": "that defense has a hole of its own. If"}, {"start": "00:08:08", "end": "00:08:13", "text": "an attacker just sits on an invisible"}, {"start": "00:08:10", "end": "00:08:16", "text": "reserve and never moves it, the turn"}, {"start": "00:08:13", "end": "00:08:19", "text": "style shows absolutely nothing. So, the"}, {"start": "00:08:16", "end": "00:08:21", "text": "probably fine verdict rests entirely on"}, {"start": "00:08:19", "end": "00:08:24", "text": "the assumption that no one is patient"}, {"start": "00:08:21", "end": "00:08:26", "text": "enough to wait this out, which brings us"}, {"start": "00:08:24", "end": "00:08:28", "text": "to what this uncertainty did to the"}, {"start": "00:08:26", "end": "00:08:31", "text": "market because the price reaction was"}, {"start": "00:08:28", "end": "00:08:35", "text": "brutal. Before disclosure, ZEC was"}, {"start": "00:08:31", "end": "00:08:37", "text": "trading in the $620 to $640 range. After"}, {"start": "00:08:35", "end": "00:08:39", "text": "the full vulnerability went public"}, {"start": "00:08:37", "end": "00:08:44", "text": "around the 5th of June, it cratered to"}, {"start": "00:08:39", "end": "00:08:47", "text": "intraday lows between $255 and $310. A"}, {"start": "00:08:44", "end": "00:08:51", "text": "drop of roughly 50 to 57% in a day or"}, {"start": "00:08:47", "end": "00:08:54", "text": "two. Around $5 billion in market cap"}, {"start": "00:08:51", "end": "00:08:56", "text": "vaporized. Now, for context, this wasn't"}, {"start": "00:08:54", "end": "00:08:58", "text": "a futures-driven leverage cascade like"}, {"start": "00:08:56", "end": "00:09:00", "text": "we're used to seeing these days."}, {"start": "00:08:58", "end": "00:09:04", "text": "Analysts noted that the selling was"}, {"start": "00:09:00", "end": "00:09:06", "text": "primarily spot-driven and that indicates"}, {"start": "00:09:04", "end": "00:09:09", "text": "genuine holder capitulation alongside"}, {"start": "00:09:06", "end": "00:09:12", "text": "the usual liquidated dgens. Although the"}, {"start": "00:09:09", "end": "00:09:15", "text": "liquidations were brutal, too, with some"}, {"start": "00:09:12", "end": "00:09:17", "text": "trackers reporting 9 figure totals in a"}, {"start": "00:09:15", "end": "00:09:19", "text": "single 24-hour window, though exact"}, {"start": "00:09:17", "end": "00:09:22", "text": "figures remain unconfirmed. The"}, {"start": "00:09:19", "end": "00:09:24", "text": "institutional damage, meanwhile, was"}, {"start": "00:09:22", "end": "00:09:27", "text": "just as stark. Cippherpunk Technologies,"}, {"start": "00:09:24", "end": "00:09:29", "text": "the Winklvossbacked NASDAQ listed Ze"}, {"start": "00:09:27", "end": "00:09:33", "text": "Treasury Company, watched its stock"}, {"start": "00:09:29", "end": "00:09:36", "text": "plummet approximately 37%, closing at"}, {"start": "00:09:33", "end": "00:09:38", "text": "59. They were holding approximately"}, {"start": "00:09:36", "end": "00:09:41", "text": "303,900"}, {"start": "00:09:38", "end": "00:09:43", "text": "Ze at an average cost basis of roughly"}, {"start": "00:09:41", "end": "00:09:46", "text": "$333"}, {"start": "00:09:43", "end": "00:09:49", "text": "per coin. So briefly deeply underwater."}, {"start": "00:09:46", "end": "00:09:52", "text": "And this is where the smart money split"}, {"start": "00:09:49", "end": "00:09:55", "text": "into two camps. In the exit camp, let's"}, {"start": "00:09:52", "end": "00:09:57", "text": "call them the paper hands brigade,"}, {"start": "00:09:55", "end": "00:09:59", "text": "Arthur Hayes, the Bitmex co-founder,"}, {"start": "00:09:57", "end": "00:10:02", "text": "liquidated his entire Ze position on the"}, {"start": "00:09:59", "end": "00:10:05", "text": "day of disclosure. He declared his"}, {"start": "00:10:02", "end": "00:10:08", "text": "so-called holy trinity of Ze hype and"}, {"start": "00:10:05", "end": "00:10:10", "text": "near quote dead. His reasoning was that"}, {"start": "00:10:08", "end": "00:10:13", "text": "while an actual exploit was extremely"}, {"start": "00:10:10", "end": "00:10:15", "text": "unlikely, it couldn't be formally"}, {"start": "00:10:13", "end": "00:10:17", "text": "cryptographically proven that it didn't"}, {"start": "00:10:15", "end": "00:10:19", "text": "happen. And in his words, the privacy"}, {"start": "00:10:17", "end": "00:10:22", "text": "from AI, government, and big tech"}, {"start": "00:10:19", "end": "00:10:25", "text": "narrative demands perfection, not"}, {"start": "00:10:22", "end": "00:10:27", "text": "improbability. For Hayes, an unprovable"}, {"start": "00:10:25", "end": "00:10:29", "text": "supply was a fundamental crack in the"}, {"start": "00:10:27", "end": "00:10:31", "text": "sound money narrative. Now, whatever his"}, {"start": "00:10:29", "end": "00:10:33", "text": "reasoning, his decision didn't go down"}, {"start": "00:10:31", "end": "00:10:36", "text": "well in the crypto community, with"}, {"start": "00:10:33", "end": "00:10:38", "text": "onchain investigator Zack Xbt promptly"}, {"start": "00:10:36", "end": "00:10:41", "text": "accusing Hayes of using his followers as"}, {"start": "00:10:38", "end": "00:10:44", "text": "exit liquidity, noting he'd exited four"}, {"start": "00:10:41", "end": "00:10:47", "text": "publicly hyped positions in roughly 15"}, {"start": "00:10:44", "end": "00:10:50", "text": "days. And as of now, Hayes's popularity"}, {"start": "00:10:47", "end": "00:10:52", "text": "is hovering around levels not seen since"}, {"start": "00:10:50", "end": "00:10:54", "text": "Gary Gendler was in his prime."}, {"start": "00:10:52", "end": "00:10:56", "text": "Meanwhile, over in the Hold Camp,"}, {"start": "00:10:54", "end": "00:10:58", "text": "otherwise known as the Diamond Hands"}, {"start": "00:10:56", "end": "00:11:01", "text": "crew, Cippherpunk Technologies and"}, {"start": "00:10:58", "end": "00:11:03", "text": "Cameron Winklvoss reaffirmed their"}, {"start": "00:11:01", "end": "00:11:05", "text": "commitment. Their framing was that the"}, {"start": "00:11:03", "end": "00:11:08", "text": "bug was found by a researcher the"}, {"start": "00:11:05", "end": "00:11:11", "text": "project itself hired, not by a hostile"}, {"start": "00:11:08", "end": "00:11:15", "text": "attacker, and patched within days. They"}, {"start": "00:11:11", "end": "00:11:16", "text": "called it a sign of maturity. Gayscale's"}, {"start": "00:11:15", "end": "00:11:19", "text": "legal chief argued any attacker"}, {"start": "00:11:16", "end": "00:11:21", "text": "sophisticated enough to exploit this"}, {"start": "00:11:19", "end": "00:11:24", "text": "would have cashed out during the 20x"}, {"start": "00:11:21", "end": "00:11:26", "text": "bull run rather than sit silently. The"}, {"start": "00:11:24", "end": "00:11:29", "text": "honest truth is that both camps have a"}, {"start": "00:11:26", "end": "00:11:32", "text": "point and that's exactly what makes all"}, {"start": "00:11:29", "end": "00:11:35", "text": "this so uncomfortable. So Zcash didn't"}, {"start": "00:11:32", "end": "00:11:38", "text": "get hacked in the traditional sense."}, {"start": "00:11:35", "end": "00:11:41", "text": "Well, as far as we know, no fake Ze was"}, {"start": "00:11:38", "end": "00:11:44", "text": "minted, but then we can't ever be 100%"}, {"start": "00:11:41", "end": "00:11:45", "text": "sure. And really the true threat here is"}, {"start": "00:11:44", "end": "00:11:48", "text": "the complete collapse of certainty"}, {"start": "00:11:45", "end": "00:11:50", "text": "itself. With the likes of Bitcoin,"}, {"start": "00:11:48", "end": "00:11:52", "text": "Ethereum, and other major cryptos, you"}, {"start": "00:11:50", "end": "00:11:54", "text": "can verify the supply. You can prove the"}, {"start": "00:11:52", "end": "00:11:56", "text": "books are honest, which is kind of the"}, {"start": "00:11:54", "end": "00:11:59", "text": "whole point of a blockchain in the first"}, {"start": "00:11:56", "end": "00:12:02", "text": "place. With a fully shielded system,"}, {"start": "00:11:59", "end": "00:12:05", "text": "you're trusting a black box. And the bug"}, {"start": "00:12:02", "end": "00:12:08", "text": "just proved that box may contain some"}, {"start": "00:12:05", "end": "00:12:11", "text": "unpleasant surprises. The proposed fix,"}, {"start": "00:12:08", "end": "00:12:13", "text": "an upgrade referred to as Ironwood with"}, {"start": "00:12:11", "end": "00:12:17", "text": "a strict turnstyle accounting mechanism,"}, {"start": "00:12:13", "end": "00:12:20", "text": "is targeted for late July 2026. It would"}, {"start": "00:12:17", "end": "00:12:22", "text": "force all coins migrating from the old"}, {"start": "00:12:20", "end": "00:12:24", "text": "orchard pool through a publicly"}, {"start": "00:12:22", "end": "00:12:27", "text": "auditable checkpoint, finally allowing a"}, {"start": "00:12:24", "end": "00:12:30", "text": "verifiable census. But notice what it"}, {"start": "00:12:27", "end": "00:12:33", "text": "can and cannot do. It can prove that"}, {"start": "00:12:30", "end": "00:12:35", "text": "nobody moves counterfeit coins forward"}, {"start": "00:12:33", "end": "00:12:37", "text": "into the new pool. It can never"}, {"start": "00:12:35", "end": "00:12:39", "text": "retroactively prove though that"}, {"start": "00:12:37", "end": "00:12:42", "text": "exploitation didn't happen in the old"}, {"start": "00:12:39", "end": "00:12:44", "text": "one. As such, the upshot of the Ironwood"}, {"start": "00:12:42", "end": "00:12:48", "text": "and Turnstyle migration in late July is"}, {"start": "00:12:44", "end": "00:12:50", "text": "crucial. If supply reconciles cleanly,"}, {"start": "00:12:48", "end": "00:12:52", "text": "that's the strongest signal we'll get"}, {"start": "00:12:50", "end": "00:12:55", "text": "that the books are honest. Then there's"}, {"start": "00:12:52", "end": "00:12:58", "text": "Taylor Hornby's next target. Reports"}, {"start": "00:12:55", "end": "00:13:01", "text": "suggest he may be exploring audits of"}, {"start": "00:12:58", "end": "00:13:03", "text": "other privacy coin code bases, including"}, {"start": "00:13:01", "end": "00:13:06", "text": "Monero, though no formal announcement or"}, {"start": "00:13:03", "end": "00:13:09", "text": "grant application has been confirmed. If"}, {"start": "00:13:06", "end": "00:13:11", "text": "one AI model, though found a 4-year-old"}, {"start": "00:13:09", "end": "00:13:14", "text": "flaw in one of the most audited code"}, {"start": "00:13:11", "end": "00:13:16", "text": "bases in crypto, the question of what's"}, {"start": "00:13:14", "end": "00:13:19", "text": "hiding in other battle tested code"}, {"start": "00:13:16", "end": "00:13:22", "text": "becomes pretty damn urgent. And if you"}, {"start": "00:13:19", "end": "00:13:25", "text": "hold any privacy coin, understand the"}, {"start": "00:13:22", "end": "00:13:28", "text": "trade-off. unverifiable supply is the"}, {"start": "00:13:25", "end": "00:13:31", "text": "price of perfect privacy. That is simply"}, {"start": "00:13:28", "end": "00:13:34", "text": "the reality of the design rather than a"}, {"start": "00:13:31", "end": "00:13:36", "text": "patchable flaw. So then, is Zcash's"}, {"start": "00:13:34", "end": "00:13:38", "text": "response a sign of a mature"}, {"start": "00:13:36", "end": "00:13:41", "text": "self-correcting protocol that caught its"}, {"start": "00:13:38", "end": "00:13:43", "text": "own flaw before disaster, so bullish? Or"}, {"start": "00:13:41", "end": "00:13:46", "text": "did this event expose a permanent"}, {"start": "00:13:43", "end": "00:13:48", "text": "unfixable crack in the privacy coin"}, {"start": "00:13:46", "end": "00:13:50", "text": "thesis where perfect privacy means you"}, {"start": "00:13:48", "end": "00:13:53", "text": "can never prove the books are honest, so"}, {"start": "00:13:50", "end": "00:13:56", "text": "bearish? Because if perfect privacy"}, {"start": "00:13:53", "end": "00:13:59", "text": "means you can't verify what you can't"}, {"start": "00:13:56", "end": "00:14:01", "text": "see, then maybe the real question is"}, {"start": "00:13:59", "end": "00:14:03", "text": "whether perfect privacy is even"}, {"start": "00:14:01", "end": "00:14:05", "text": "something we should want in the first"}, {"start": "00:14:03", "end": "00:14:07", "text": "place. H let me know your thoughts in"}, {"start": "00:14:05", "end": "00:14:09", "text": "the comments. And if you want our"}, {"start": "00:14:07", "end": "00:14:11", "text": "research team's thoughts on this story"}, {"start": "00:14:09", "end": "00:14:13", "text": "and the other big issues in crypto at"}, {"start": "00:14:11", "end": "00:14:16", "text": "the moment, as well as a nice slice of"}, {"start": "00:14:13", "end": "00:14:18", "text": "weekly forward guidance, then sign up"}, {"start": "00:14:16", "end": "00:14:20", "text": "for the free Coin Bureau weekly"}, {"start": "00:14:18", "end": "00:14:22", "text": "newsletter using the link in the"}, {"start": "00:14:20", "end": "00:14:24", "text": "description. Okay. Thank you all so much"}, {"start": "00:14:22", "end": "00:14:29", "text": "for watching and I will see you again"}, {"start": "00:14:24", "end": "00:14:29", "text": "very soon. This is Guy signing off."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "On May 24th, Vita Bhuterin posted roughly�\n1,500 words to X that read less like a vision��"}, {"start": "00:00:06", "end": "00:00:13", "text": "statement and more like a confession. The Ethereum�\nFoundation is shrinking. ETH sales are being cut.��"}, {"start": "00:00:13", "end": "00:00:18", "text": "His own influence over the board is, in his�\nwords, going to continue to Wayne. And all of��"}, {"start": "00:00:18", "end": "00:00:24", "text": "this arrived exactly 3 days after a former senior�\nEF researcher published a rival proposal calling��"}, {"start": "00:00:24", "end": "00:00:30", "text": "for a $1 billion organization to do the job the�\nEthereum Foundation apparently no longer can. So��"}, {"start": "00:00:30", "end": "00:00:35", "text": "today I'm going to walk you through exactly what�\nVitilik said and why he said it now. Dismantle the��"}, {"start": "00:00:35", "end": "00:00:40", "text": "idea that this is a vision statement rather than�\ndamage control and lay out the structural problems��"}, {"start": "00:00:40", "end": "00:00:46", "text": "that no amount of cipher punk language is going�\nto fix for ETH holders. My name is DC and you're��"}, {"start": "00:00:46", "end": "00:00:51", "text": "watching the Coin Bureau. Now, before we get into�\nVitalik's actual proposal, you need to understand��"}, {"start": "00:00:51", "end": "00:00:57", "text": "the pressure cooker he was responding to because�\nthis post did not arrive out of nowhere. ETH is��"}, {"start": "00:00:57", "end": "00:01:05", "text": "currently trading at $2,60. That is down roughly�\n20% yearonear and approximately 46% below where��"}, {"start": "00:01:05", "end": "00:01:14", "text": "it traded 2 years ago at $3,823. The ETH to BTDC�\nratio has collapsed to 0027, a 10-month low. Spot��"}, {"start": "00:01:14", "end": "00:01:20", "text": "ETH ETFs have just printed 10 consecutive days�\nof net outflows. Cumulative ETH ETF outflows in��"}, {"start": "00:01:20", "end": "00:01:28", "text": "2026 alone have crossed $2.4 billion. Harvard�\nmanagement company fully liquidated its $86.8��"}, {"start": "00:01:28", "end": "00:01:33", "text": "million Ethereum ETF position in Q1, and the�\nleadership picture inside the foundation has��"}, {"start": "00:01:33", "end": "00:01:40", "text": "been frankly a slow motion crisis. In February,�\nco-executive director Tom Marsh Stunchuk stepped��"}, {"start": "00:01:40", "end": "00:01:45", "text": "down less than a year into the role. In April,�\noperations lead Josh Start resigned. Then in��"}, {"start": "00:01:45", "end": "00:01:52", "text": "May alone, five senior contributors walked out of�\nthe door, including Barnab Mono, Tim Bo, and Trent��"}, {"start": "00:01:52", "end": "00:01:59", "text": "FPS. The onchain analyst Bantech summed it up in�\none post. All three EF protocol leads gone. Which��"}, {"start": "00:01:59", "end": "00:02:04", "text": "brings us directly to the post itself because�\nthe timing tells you everything you need to know��"}, {"start": "00:02:04", "end": "00:02:10", "text": "about the motive. So what did Vitalik actually�\nsay? The headline is what he calls the smaller��"}, {"start": "00:02:10", "end": "00:02:15", "text": "ship framework. In other words, the Ethereum�\nFoundation is going to be smaller. It is going��"}, {"start": "00:02:15", "end": "00:02:20", "text": "to focus only on what he claims it can uniquely�\ndo. And he wrapped that focus in a five-letter��"}, {"start": "00:02:20", "end": "00:02:27", "text": "mandate called crops, which stands for censorship�\nresistance, capture resistance, openness, privacy,��"}, {"start": "00:02:27", "end": "00:02:34", "text": "and security. He explicitly said that competing�\nwith rival chains on throughput and TPS is quote��"}, {"start": "00:02:34", "end": "00:02:40", "text": "a route to mediocrity. So the Ethereum Foundation�\nis now stepping out of the speed war entirely. On��"}, {"start": "00:02:40", "end": "00:02:46", "text": "the Treasury question, he committed to selling�\nless ETH, framing it as longevity over breadth.��"}, {"start": "00:02:46", "end": "00:02:52", "text": "He pointed out that EF holds roughly 0.16% of�\ntotal ETH supply compared to other blockchain��"}, {"start": "00:02:52", "end": "00:02:58", "text": "foundations sitting between 10 and 50%. Vitalik�\ndisclosed that approximately 90% of his own net��"}, {"start": "00:02:58", "end": "00:03:04", "text": "worth is held in ETH. He also confirmed the board�\nis expanding and that his personal power inside��"}, {"start": "00:03:04", "end": "00:03:10", "text": "it will, in his words, and I quote, continue�\nto decrease, which is honestly what I want.��"}, {"start": "00:03:10", "end": "00:03:16", "text": "And he framed Ethereum's future role as part of an�\necosystem of sanctuary technologies optimized for��"}, {"start": "00:03:16", "end": "00:03:21", "text": "robustness against governmental and regulatory�\npressure. To put it simply, the Ethereum��"}, {"start": "00:03:21", "end": "00:03:27", "text": "Foundation is no longer the center. It is, to�\nuse his exact phrasing, one node with a defined��"}, {"start": "00:03:27", "end": "00:03:32", "text": "purpose alongside other nodes. Now look, on its�\nsurface, this is the most aggressive philosophical��"}, {"start": "00:03:32", "end": "00:03:38", "text": "reset the foundation has ever published. Smaller�\ntreasury sales, less central control, cipher punk��"}, {"start": "00:03:38", "end": "00:03:44", "text": "values reaffirmed a clear mandate, a humbler CEO.�\nIf you read it cold with no context, you would��"}, {"start": "00:03:44", "end": "00:03:50", "text": "call it leadership. But context is exactly what�\nthis post does not survive. Which brings us to��"}, {"start": "00:03:50", "end": "00:03:56", "text": "the contrarian read. Because every single reform�\npillar in this announcement maps with surgical��"}, {"start": "00:03:56", "end": "00:04:01", "text": "precision onto a specific public criticism the�\nfoundation has received over the past 18 months.��"}, {"start": "00:04:01", "end": "00:04:07", "text": "Critics accuse the EF of dumping ETH on its own�\nholders. Vitilix responds, \"We'll sell less ETH,��"}, {"start": "00:04:07", "end": "00:04:14", "text": "and by the way, we only hold.16%.\" Critics accuse�\nthe EF of behaving like a central authority over��"}, {"start": "00:04:14", "end": "00:04:20", "text": "a supposedly decentralized network. Vitilik's�\nresponse, we are one node, not the center.��"}, {"start": "00:04:20", "end": "00:04:26", "text": "Critics including Laura Shin said Vitilik's�\nrhetoric about decentralization never matched the��"}, {"start": "00:04:26", "end": "00:04:33", "text": "EF's actual behavior. Vitilik's response the crops�\nmandate now formally align operations with cipher��"}, {"start": "00:04:33", "end": "00:04:39", "text": "punk values. Critics most notably Duncan Feist�\nargued the EF is economically misaligned with ETH��"}, {"start": "00:04:39", "end": "00:04:46", "text": "holders. Bitilik's response 90% of my net worth is�\nan ETH and my board power is decreasing. Critics��"}, {"start": "00:04:46", "end": "00:04:53", "text": "said the EF was chasing a doomed throughput race�\nwith Solana. Vitilik's response, chasing TPS is a��"}, {"start": "00:04:53", "end": "00:04:59", "text": "route to mediocrity. Critics pointed at the brain�\ndrain as evidence of internal crisis. Vitilik's��"}, {"start": "00:04:59", "end": "00:05:04", "text": "response, a smaller, leaner foundation is the�\nplan. Now, you might assume this is just what��"}, {"start": "00:05:04", "end": "00:05:10", "text": "good leadership looks like. Responsive,�\nreflective, willing to evolve. However,��"}, {"start": "00:05:10", "end": "00:05:16", "text": "that assumption ignores the timing. Right? If�\nyou're looking to trade these latest market moves,��"}, {"start": "00:05:16", "end": "00:05:22", "text": "whether that's crypto or traditional assets like�\ngold and commodities, then BitGet is definitely��"}, {"start": "00:05:22", "end": "00:05:27", "text": "worth a look. They've just rolled out their Trady�\ntrading platform, which lets you trade assets like��"}, {"start": "00:05:27", "end": "00:05:35", "text": "gold and other commodities directly using USDT, so�\nyou don't need to jump between platforms. You also��"}, {"start": "00:05:35", "end": "00:05:45", "text": "get deep liquidity, low slippage, and access to up�\nto 500x leverage. Now, if you sign up using the QR��"}, {"start": "00:05:45", "end": "00:05:53", "text": "code on screen or the link in the description,�\nyou can get up to $50,000 in bonuses. And on top��"}, {"start": "00:05:53", "end": "00:06:00", "text": "of that, if you complete your first net deposit of�\n$5,000 and place your first trade, you'll unlock��"}, {"start": "00:06:00", "end": "00:06:12", "text": "a VIP3 trial. Now, that includes up to 38% fee�\ndiscounts, exclusive VIP perks, and free token��"}, {"start": "00:06:12", "end": "00:06:19", "text": "airdrops. So, scan the QR code, check the link�\nbelow, and see what BitGet has to offer. This post��"}, {"start": "00:06:19", "end": "00:06:25", "text": "landed 3 days after Dankrat Feist, a former senior�\nEF researcher who has since left for a competing��"}, {"start": "00:06:25", "end": "00:06:30", "text": "chain called Temple, published a proposal for�\na separate $1 billion organization explicitly��"}, {"start": "00:06:30", "end": "00:06:36", "text": "designed to do what the EF allegedly will not,�\nwhich is advocate for ETH, the asset, and drive��"}, {"start": "00:06:36", "end": "00:06:42", "text": "price appreciation. The honest read is this. When�\nevery reform you announce can be traced back to a��"}, {"start": "00:06:42", "end": "00:06:47", "text": "specific complaint someone louder than you made�\nfirst, you're not leading the conversation.��"}, {"start": "00:06:47", "end": "00:06:52", "text": "You are answering it. And there is a meaningful�\ndifference between a vision and an audit response.��"}, {"start": "00:06:52", "end": "00:06:57", "text": "Even when both produce the same paperwork, right?�\nWhich brings us directly to the structural problem��"}, {"start": "00:06:57", "end": "00:07:02", "text": "nobody at the foundation seems prepared to�\naddress. Governance reform fixes governance.��"}, {"start": "00:07:02", "end": "00:07:07", "text": "It does not fix tokconomics. And the criticisms�\nthat have been crushing ETH for the past two years��"}, {"start": "00:07:07", "end": "00:07:14", "text": "are not really about who sits on the fboard. They�\nare about where the money actually goes. So let's��"}, {"start": "00:07:14", "end": "00:07:20", "text": "talk about that. In March 2024, the Denan upgrade�\nintroduced blob transactions for layer 2 data. And��"}, {"start": "00:07:20", "end": "00:07:26", "text": "the intent was reasonable. Make L2s cheaper, drive�\nadoption, scale Ethereum without compromising the��"}, {"start": "00:07:26", "end": "00:07:33", "text": "base layer. But the consequence of that has been�\nbrutal. L2 data posting costs collapsed by 80 to��"}, {"start": "00:07:33", "end": "00:07:39", "text": "90%. L2 activity became economically decoupled�\nfrom base layer demand and the burn mechanism��"}, {"start": "00:07:39", "end": "00:07:45", "text": "that powered the entire ultrasound money thesis�\ncollapsed with it. Daily burn rates fell from over��"}, {"start": "00:07:45", "end": "00:07:53", "text": "2,000 ETH in late 2023 to roughly 300 to 400�\nETH by early 2025. Today, ETH is structurally��"}, {"start": "00:07:53", "end": "00:08:00", "text": "inflationary, approximately 45,000 new ETH per�\nmonth. Yes, you heard that right. The asset that��"}, {"start": "00:08:00", "end": "00:08:06", "text": "was sold to a generation of holders as ultrasound�\nmoney is now adding supply every single month with��"}, {"start": "00:08:06", "end": "00:08:12", "text": "no clear path to deflation. And even worse, the�\nvalue being generated on top of Ethereum is not��"}, {"start": "00:08:12", "end": "00:08:18", "text": "flowing back to ETH holders. It is being captured�\nby the layer 2 operators themselves. Coinbase is��"}, {"start": "00:08:18", "end": "00:08:25", "text": "based offchain labs arbitum ops optimism. These�\nare for-profit entities and they have no protocol��"}, {"start": "00:08:25", "end": "00:08:30", "text": "level obligation to share sequencer revenue with�\nthe base layer. Some analysts have estimated��"}, {"start": "00:08:30", "end": "00:08:36", "text": "that base and similar layer 2s have redirected�\nsignificant fee revenue away from Ethereum mainet��"}, {"start": "00:08:36", "end": "00:08:41", "text": "and materially dampening base layer value acrruel.�\nAlthough the precise market cap impact is debated��"}, {"start": "00:08:41", "end": "00:08:48", "text": "and no single agreed upon figure exists. Nothing�\nin vitilik's crops mandate addresses any of this.��"}, {"start": "00:08:48", "end": "00:08:53", "text": "Crops is censorship resistance. resistance to�\ncapture, openness, privacy, and security. It��"}, {"start": "00:08:53", "end": "00:08:59", "text": "is not a tokconomics framework. It is not a value�\ncapture mechanism. It is not a plan for how ETH,��"}, {"start": "00:08:59", "end": "00:09:04", "text": "the asset, actually acrru value as the network�\nscales. And here's where the developer picture��"}, {"start": "00:09:04", "end": "00:09:11", "text": "gets uncomfortable, too. According to Electric�\nCapital, Ethereum, still has roughly 31,869��"}, {"start": "00:09:11", "end": "00:09:17", "text": "active developers as of September 2025. That�\nis the largest pool in crypto, but its share��"}, {"start": "00:09:17", "end": "00:09:25", "text": "of total blockchain developers has collapsed�\nfrom 82% in 2020 to just 31% today. Solana,��"}, {"start": "00:09:25", "end": "00:09:31", "text": "meanwhile, has gone from 6% to 23% over the same�\nperiod. Full-time developer growth on Solana is��"}, {"start": "00:09:31", "end": "00:09:38", "text": "up roughly 30% yearonear according to Electric�\nCapital. And Dragonfly Capital pointed out that��"}, {"start": "00:09:38", "end": "00:09:45", "text": "Ethereum core developers earn a median of about�\n$140,000, which is 50 to 60% below the broader��"}, {"start": "00:09:45", "end": "00:09:52", "text": "crypto market average of $359,000. So you have a�\nfoundation that is shrinking, a treasury that is��"}, {"start": "00:09:52", "end": "00:09:56", "text": "being deliberately conserved and core developers�\nbeing paid less than half of what they could earn��"}, {"start": "00:09:56", "end": "00:10:02", "text": "elsewhere. That is not a recipe for retaining�\ntalent. That is a recipe for accelerating the��"}, {"start": "00:10:02", "end": "00:10:08", "text": "exact brain drain Vita is trying to reframe as�\nhealthy decentralization. Now look before we get��"}, {"start": "00:10:08", "end": "00:10:13", "text": "into the bull and bear case I want to give you�\nour own team's read on every catalyst that hits��"}, {"start": "00:10:13", "end": "00:10:21", "text": "this story as it unfolds because this situation is�\ngoing to move fast. Glamm the EF board expansion's��"}, {"start": "00:10:21", "end": "00:10:26", "text": "$1 billion proposal ETF flows every twist is�\ngoing to matter. That is exactly what we cover��"}, {"start": "00:10:26", "end": "00:10:31", "text": "in the Coinb Telegram channel. breaking news,�\ndeep dive alpha, market updates pinned directly��"}, {"start": "00:10:31", "end": "00:10:36", "text": "to your device so you don't miss a thing. Join us�\nusing the link in the description or the QR code��"}, {"start": "00:10:36", "end": "00:10:42", "text": "on the screen right now. It really is worth it.�\nNow, for the structural turn, which is the part��"}, {"start": "00:10:42", "end": "00:10:48", "text": "most people completely missed, the honest framing�\nis that Vitilik is not wrong. The foundation did��"}, {"start": "00:10:48", "end": "00:10:54", "text": "need reform. The dumping accusations were real.�\nThe leadership instability was real. The drift��"}, {"start": "00:10:54", "end": "00:10:59", "text": "away from cipher punk values was real. And in a�\nworld where regulators are tightening their grip��"}, {"start": "00:10:59", "end": "00:11:06", "text": "on crypto globally, a credibly neutral settlement�\nlayer optimized for censorship resistance is��"}, {"start": "00:11:06", "end": "00:11:12", "text": "genuinely valuable. That is the bull case and�\nit is not a bad one. If the Clarity Act passes��"}, {"start": "00:11:12", "end": "00:11:17", "text": "the full Senate and institutional DeFi unlocks at�\nscale, Ethereum is the obvious settlement venue.��"}, {"start": "00:11:17", "end": "00:11:24", "text": "It already controls roughly 60% of the $34 billion�\nreal world asset market. Ethereum hosts more than��"}, {"start": "00:11:24", "end": "00:11:30", "text": "50% of all stable coin capitalization. It already�\nhas the only stage 1 decentralized layer 2 in��"}, {"start": "00:11:30", "end": "00:11:36", "text": "arbitum and it has a yieldbearing ETF product�\nin Black Rockck's ETHB that Bitcoin structurally��"}, {"start": "00:11:36", "end": "00:11:43", "text": "cannot match. If tokenization scales to Standard�\nChartered's projected $4 trillion by 2028, even a��"}, {"start": "00:11:43", "end": "00:11:49", "text": "declining market share for Ethereum represents an�\nenormous absolute increase in settlement demand.��"}, {"start": "00:11:49", "end": "00:11:56", "text": "Standard Charters Joff Kendrick still has a $7,500�\nprice target on ETH by year end 2026. And of��"}, {"start": "00:11:56", "end": "00:12:03", "text": "course, Tom B's Bitine is actively accumulating,�\ntargeting 5% of circulating supply. These are not��"}, {"start": "00:12:03", "end": "00:12:08", "text": "unserious voices. But here's the asymmetry. Cipher�\nPunk credibility does not show up on a price��"}, {"start": "00:12:08", "end": "00:12:15", "text": "chart. The market does not price values, it prices�\nexpectations. And the bare case is that Ethereum��"}, {"start": "00:12:15", "end": "00:12:20", "text": "is being asked to win on a 5 to 10 year thesis�\nwhile Solana is winning the next 12 months on pure��"}, {"start": "00:12:20", "end": "00:12:27", "text": "execution. Solana processed roughly 25.3 billion�\ntransactions in Q1 of this year. In contrast,��"}, {"start": "00:12:27", "end": "00:12:34", "text": "Ethereum processed approximately 22 million.�\nThat is a 125x gap. Solana's weekly DEX volume��"}, {"start": "00:12:34", "end": "00:12:41", "text": "of 11.49 billion already exceeds Ethereum's at�\n$7.62 billion. And not just that, Solana has��"}, {"start": "00:12:41", "end": "00:12:48", "text": "recently also overtaken Ethereum on real world�\nasset lending deposits. 1.23 billion versus 1.13��"}, {"start": "00:12:48", "end": "00:12:54", "text": "billion. And Hyperlquid, an asset most people had�\nnot heard of 18 months ago, has captured 43% of��"}, {"start": "00:12:54", "end": "00:13:00", "text": "weekly crypto fee market share in perpetual�\nfutures. That is the highest margin onchain��"}, {"start": "00:13:00", "end": "00:13:05", "text": "market on Earth. Hyperlid's FTV briefly even�\nsurpassed Solana's. Arthur Hayes is now openly��"}, {"start": "00:13:05", "end": "00:13:13", "text": "predicting ETH falls out of the top three by 2030.�\nHis holy trinity of positions is near, hyperlquid,��"}, {"start": "00:13:13", "end": "00:13:19", "text": "and Zcash. ETH is not on that list. Polymarket�\nodds of ETH losing its number two market cap��"}, {"start": "00:13:19", "end": "00:13:26", "text": "position by the end of 2026 have moved from 17%�\nin January to 59% as of this month. And perhaps��"}, {"start": "00:13:26", "end": "00:13:31", "text": "the most standing signal of all, David Hoffman,�\nco-founder of Bankless and one of Ethereum's��"}, {"start": "00:13:31", "end": "00:13:37", "text": "loudest evangelists for years, liquidated his�\nremaining ETH holdings. When your own broadcasters��"}, {"start": "00:13:37", "end": "00:13:43", "text": "start selling, that is a structurally bearish data�\npoint that no governance reform can ever cover up.��"}, {"start": "00:13:43", "end": "00:13:48", "text": "The honest truth is that the realistic scenario�\nsits somewhere between the bull and the bare case,��"}, {"start": "00:13:48", "end": "00:13:54", "text": "which would look like this. Ethereum stabilizes�\nas the institutional settlement layer. Solana wins��"}, {"start": "00:13:54", "end": "00:14:00", "text": "retail payments and high frequency execution.�\nHyperlquid and specialized app chains eat��"}, {"start": "00:14:00", "end": "00:14:06", "text": "individual verticals one at a time and ETH the�\nasset trades less like ultrasound money and more��"}, {"start": "00:14:06", "end": "00:14:12", "text": "like industrial infrastructure. The reforms buy�\nEthereum credibility. They do not buy growth.��"}, {"start": "00:14:12", "end": "00:14:17", "text": "Which brings us what this actually means for you�\nas a holder. First, watch the Glamm upgrade which��"}, {"start": "00:14:17", "end": "00:14:23", "text": "has been delayed from June to Q3. If it ships�\nand delivers anything close to the 78% gas��"}, {"start": "00:14:23", "end": "00:14:29", "text": "fee reduction and 10,000 TPS targets, it gives�\nETH a fighting chance to recapture some of the��"}, {"start": "00:14:29", "end": "00:14:35", "text": "economic activity currently trapped inside L2s.�\nIf it slips again or arrives with bugs, the bare��"}, {"start": "00:14:35", "end": "00:14:42", "text": "case accelerates. Second, watch the ETH ETF flow�\ndata. The 10day outflow streak needs to break.��"}, {"start": "00:14:42", "end": "00:14:47", "text": "Three to five consecutive days of net inflows�\nwould be the cleanest signal that institutional��"}, {"start": "00:14:47", "end": "00:14:53", "text": "capital is willing to reaccumulate at these�\nlevels. Third, watch what happens to Dankrat��"}, {"start": "00:14:53", "end": "00:15:00", "text": "Feist's $1 billion proposal. If a serious advocacy�\norganization actually gets funded outside the EF,��"}, {"start": "00:15:00", "end": "00:15:04", "text": "you have a legitimate counterweight that�\nexplicitly exists to make ETH the asset��"}, {"start": "00:15:04", "end": "00:15:11", "text": "win. If it dies on the vine, the EF's quiet�\nretreat becomes the only game in town. Fourth,��"}, {"start": "00:15:11", "end": "00:15:17", "text": "watch the EF's actual onchain treasury behavior�\nover the next 90 days. Vitilik said the foundation��"}, {"start": "00:15:17", "end": "00:15:22", "text": "will sell less ETH. Arm intelligence will tell us�\nvery quickly whether that promise survives contact��"}, {"start": "00:15:22", "end": "00:15:28", "text": "with the EF's operational cash needs. Already�\nin May, the EF unstaked more than 38,000 ETH,��"}, {"start": "00:15:28", "end": "00:15:36", "text": "including a single 21,270 ETH unstaking event. A�\nstatement is not a policy until the onchain data��"}, {"start": "00:15:36", "end": "00:15:41", "text": "confirms it. And lastly, watch the developer�\nmigration data from Electric Capital's next��"}, {"start": "00:15:41", "end": "00:15:47", "text": "report. If Solana's new developer growth keeps�\noutpacing Ethereums by a factor of five or more,��"}, {"start": "00:15:47", "end": "00:15:52", "text": "the talent gap becomes a structural gap that is�\nessentially impossible to reverse inside a single��"}, {"start": "00:15:52", "end": "00:15:59", "text": "cycle. So, here's the big question for everyone�\nwatching this video. Is Vitalik's smaller ship��"}, {"start": "00:15:59", "end": "00:16:04", "text": "announcement the moment Ethereum stops pretending�\nto chase Solana and reclaims its identity as the��"}, {"start": "00:16:04", "end": "00:16:10", "text": "credibly neutral settlement layer that crypto�\ngenuinely needs as regulation tightens? Or is��"}, {"start": "00:16:10", "end": "00:16:15", "text": "it the moment a foundation that has already lost�\nits protocol leads, its narrative, and its biggest��"}, {"start": "00:16:15", "end": "00:16:20", "text": "evangelists formally announces its retreat from�\nthe competitive arena while Solana, Hyperlid, and��"}, {"start": "00:16:20", "end": "00:16:27", "text": "a wave of specialized chains divide the spoils.�\nstructurally bullish reset or structurally bearish��"}, {"start": "00:16:27", "end": "00:16:31", "text": "surrender. Please let us know your thoughts in the�\ncomments below because we really want to hear your��"}, {"start": "00:16:31", "end": "00:16:36", "text": "opinions on this. And if you want to understand�\nexactly how Solana built the developer momentum��"}, {"start": "00:16:36", "end": "00:16:41", "text": "that is currently eating Ethereum's lunch, then�\ndefinitely check out our deep dive right over��"}, {"start": "00:16:41", "end": "00:16:48", "text": "here. Thank you all so much for watching and I'll�\nsee you again very soon. This is DC signing off."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "Bitcoin and Ethereum, the two biggest names in�\ncrypto. But which one is the better investment in��"}, {"start": "00:00:06", "end": "00:00:13", "text": "2026? Well, before you could decide on whether you�\nwant to invest in Bitcoin's BTC or Ethereum's ETH,��"}, {"start": "00:00:13", "end": "00:00:18", "text": "pronounced ETH, you need to understand what�\neach one actually is because both were built��"}, {"start": "00:00:18", "end": "00:00:24", "text": "for fundamentally different reasons. As you�\nmight know, Bitcoin was created in 2009 by an��"}, {"start": "00:00:24", "end": "00:00:30", "text": "anonymous person or group under the pseudonym�\nSatoshi Nakamoto. Satoshi's original goal was��"}, {"start": "00:00:30", "end": "00:00:36", "text": "simple. Create a peer-to-peer digital cash that�\ndidn't require a bank or government to function.��"}, {"start": "00:00:36", "end": "00:00:42", "text": "Over time, though, that vision has evolved. As�\namazing as Bitcoin is, it ironically failed at its��"}, {"start": "00:00:42", "end": "00:00:48", "text": "original goal of becoming a viable peer-to-peer�\nmoney system. To be clear, Bitcoin can still be��"}, {"start": "00:00:48", "end": "00:00:53", "text": "used in that way. And by many metrics, it would�\nstill be a better monetary system than what we��"}, {"start": "00:00:53", "end": "00:00:59", "text": "have today. But it's not exactly the fastest�\nnetwork around. and the fees are simply too��"}, {"start": "00:00:59", "end": "00:01:05", "text": "high to make it a real alternative. Today, people�\ntreat Bitcoin less like a currency and more like��"}, {"start": "00:01:05", "end": "00:01:11", "text": "a savings asset. Its properties have earned it�\nthe nickname, quote, digital gold. And for good��"}, {"start": "00:01:11", "end": "00:01:17", "text": "reason. We'll come back to why that is later. For�\nnow, just know that this comparison captures how��"}, {"start": "00:01:17", "end": "00:01:24", "text": "most serious investors actually use it as a store�\nof value outside the traditional financial system.��"}, {"start": "00:01:24", "end": "00:01:29", "text": "Ethereum on the other hand was created in�\n2013 by Vitalic Buterine and was officially��"}, {"start": "00:01:29", "end": "00:01:36", "text": "launched in 2015. Unlike Bitcoin, the team behind�\nEthereum is publicly known and Vitalic is just��"}, {"start": "00:01:36", "end": "00:01:42", "text": "one of eight co-founders of the project. While�\nBitcoin aimed to become a new monetary system,��"}, {"start": "00:01:42", "end": "00:01:47", "text": "Ethereum's ambition was entirely different. Where�\nBitcoin's scripting language is deliberately��"}, {"start": "00:01:47", "end": "00:01:53", "text": "limited to keep things simple and secure, Ethereum�\nintroduced something called smart contracts,��"}, {"start": "00:01:53", "end": "00:01:59", "text": "which are basically self-executing bits of code�\nthat run automatically when preset conditions are��"}, {"start": "00:01:59", "end": "00:02:05", "text": "met. Smart contracts were an absolute gamecher.�\nAnd I don't say that lightly. That's because they��"}, {"start": "00:02:05", "end": "00:02:11", "text": "completely transformed what a blockchain could�\ndo and what the crypto industry has to offer.��"}, {"start": "00:02:11", "end": "00:02:17", "text": "Instead of just moving value from A to B, Ethereum�\nallows you to build apps on top of its blockchain.��"}, {"start": "00:02:17", "end": "00:02:23", "text": "These apps can include lending platforms,�\nexchanges, stable coins, insurance products,��"}, {"start": "00:02:23", "end": "00:02:29", "text": "games, and so much more. More importantly though,�\nsmart contracts are the backbone of decentralized��"}, {"start": "00:02:29", "end": "00:02:37", "text": "finance or DeFi. And for many investors, be they�\nretail or institutions, DeFi is arguably the most��"}, {"start": "00:02:37", "end": "00:02:43", "text": "important aspect of the entire crypto industry.�\nLike I said, game changer. Choosing between��"}, {"start": "00:02:43", "end": "00:02:48", "text": "Bitcoin and Ethereum is a bit like asking if�\nyou'd rather invest in digital gold or a stake in��"}, {"start": "00:02:48", "end": "00:02:55", "text": "a decentralized app economy. They're both mammoth�\nprojects that occupy very different lanes. Neither��"}, {"start": "00:02:55", "end": "00:03:00", "text": "is trying to beat the other at its own game. And�\nunderstanding that distinction is the starting��"}, {"start": "00:03:00", "end": "00:03:05", "text": "point for every crypto investor. And by the way,�\nif you want to keep up with the latest Bitcoin��"}, {"start": "00:03:05", "end": "00:03:10", "text": "and Ethereum news, you could easily stay uptodate�\nby getting our weekly newsletter sent directly to��"}, {"start": "00:03:10", "end": "00:03:15", "text": "your inbox. That's where our research team breaks�\ndown the biggest stories shaping the market and��"}, {"start": "00:03:15", "end": "00:03:21", "text": "highlights the key catalyst for the week ahead.�\nAnd best of all, it's completely free. So, what��"}, {"start": "00:03:21", "end": "00:03:27", "text": "are you waiting for? Just sign up using the link�\ndown below or scan the QR code on the screen. Now,��"}, {"start": "00:03:27", "end": "00:03:31", "text": "let's talk about why you may want to invest in�\nBitcoin. Since we already have an overview of what��"}, {"start": "00:03:31", "end": "00:03:36", "text": "Bitcoin and Ethereum are, let's zoom in on both of�\nthem to get a better understanding. Starting with��"}, {"start": "00:03:36", "end": "00:03:42", "text": "Bitcoin in a nutshell, Bitcoin's investment�\ncase comes down to three things: scarcity,��"}, {"start": "00:03:42", "end": "00:03:48", "text": "simplicity, and security. The scarcity is baked�\ninto Bitcoin's code and is where the digital gold��"}, {"start": "00:03:48", "end": "00:03:54", "text": "narrative comes from. Gold has a finite supply,�\nand this scarcity is much of what gives it value.��"}, {"start": "00:03:54", "end": "00:04:01", "text": "Similarly, there will only ever be 21 million BTC�\nand just over 20 million of those have already��"}, {"start": "00:04:01", "end": "00:04:07", "text": "been mined into circulation. This means that there�\nis not much room for BTC supply to be inflated.��"}, {"start": "00:04:07", "end": "00:04:12", "text": "Even then, the rate at which new coins are mined,�\nthat is created, gets cut in half roughly every��"}, {"start": "00:04:12", "end": "00:04:18", "text": "4 years in what's called the having. The�\nmost recent having happened in April 2024,��"}, {"start": "00:04:18", "end": "00:04:26", "text": "bringing the reward for mining a new block�\ndown from 6.25 25 BTC to 3.125 BTC. Naturally,��"}, {"start": "00:04:26", "end": "00:04:32", "text": "this means the next having will happen sometime�\nin mid 2028. Just like BTC's capped supply, having��"}, {"start": "00:04:32", "end": "00:04:38", "text": "events are baked into the code. And that's why�\nBitcoin is described as disinflationary. Its new��"}, {"start": "00:04:38", "end": "00:04:44", "text": "supply shrinks on a fixed predictable schedule.�\nNobody, not even a government or central bank,��"}, {"start": "00:04:44", "end": "00:04:49", "text": "can override it. Simplicity is another important�\naspect. Bitcoin is the first successful��"}, {"start": "00:04:49", "end": "00:04:54", "text": "decentralized cryptocurrency and is undeniably�\none of the most innovative technologies of today.��"}, {"start": "00:04:54", "end": "00:05:00", "text": "However, it's not a complex beast like Ethereum.�\nIt holds value on a decentralized network and has��"}, {"start": "00:05:00", "end": "00:05:06", "text": "an impeccable security track record, but without�\nall of the bells and whistles of smart contract��"}, {"start": "00:05:06", "end": "00:05:12", "text": "functionality. Still, this simplicity has made�\nBitcoin the easiest entry point for investors��"}, {"start": "00:05:12", "end": "00:05:17", "text": "exploring crypto for the first time since they�\ndon't really need to understand things like DeFi,��"}, {"start": "00:05:17", "end": "00:05:22", "text": "smart contracts, or layer 2 networks. For�\nmost people, BTC is simply an investment,��"}, {"start": "00:05:22", "end": "00:05:26", "text": "something they can hold long-term,�\ncomfortable in the knowledge that BTC��"}, {"start": "00:05:26", "end": "00:05:33", "text": "is the best performing asset of all time. And of�\ncourse, there's the most important aspect of all,��"}, {"start": "00:05:33", "end": "00:05:40", "text": "security. The Bitcoin network is maintained�\nby nodes distributed around the world. Nodes��"}, {"start": "00:05:40", "end": "00:05:45", "text": "are computers that store a copy of the entire�\nBitcoin blockchain and independently verify all��"}, {"start": "00:05:45", "end": "00:05:51", "text": "transactions according to the network's rules.�\nThey check that transactions are valid and that��"}, {"start": "00:05:51", "end": "00:05:57", "text": "nothing shady is going on like double spending or�\ncreating BTC out of thin air. Importantly though,��"}, {"start": "00:05:57", "end": "00:06:02", "text": "any node or minor anywhere in the world can�\ntake part. That is what makes Bitcoin the��"}, {"start": "00:06:02", "end": "00:06:08", "text": "most decentralized and therefore the most secure�\nnetwork in existence. To corrupt it would require��"}, {"start": "00:06:08", "end": "00:06:14", "text": "what's known as a 51% attack, where a bad actor�\ncontrols a majority of the network's mining hash��"}, {"start": "00:06:14", "end": "00:06:20", "text": "rate. To corrupt it would require what's known�\nas a 51% attack, where a bad actor controls a��"}, {"start": "00:06:20", "end": "00:06:25", "text": "majority of the network's mining hash rate.�\nPulling that off would demand an unfathomable��"}, {"start": "00:06:25", "end": "00:06:32", "text": "amount of computing power and capital, effectively�\nmaking a 51% attack impossible. All of this makes��"}, {"start": "00:06:32", "end": "00:06:38", "text": "Bitcoin arguably the most credible and effective�\nmonetary system on Earth and is why Bitcoin has��"}, {"start": "00:06:38", "end": "00:06:46", "text": "seen massive institutional adoption. Since January�\n2024, US spot Bitcoin ETFs, exchangeraded funds��"}, {"start": "00:06:46", "end": "00:06:52", "text": "that hold actual Bitcoin and trade on regulated�\nstock exchanges, have made it easy for everyday��"}, {"start": "00:06:52", "end": "00:06:59", "text": "investors and big institutions to buy indirect�\nexposure to real BTC. And make no mistake, the��"}, {"start": "00:06:59", "end": "00:07:05", "text": "demand for spot Bitcoin ETFs has been so insane�\nthat they've also been one of the fastest growing��"}, {"start": "00:07:05", "end": "00:07:13", "text": "ETFs ever created. Much like how actual BTC is the�\nworld's best performing asset. As I record this,��"}, {"start": "00:07:13", "end": "00:07:20", "text": "those spot bitcoin ETFs now hold over 106�\nbillion in assets under management or aum.��"}, {"start": "00:07:20", "end": "00:07:26", "text": "Black Rockck's IBIT alone accounts for roughly 66�\nbillion of that. Corporate treasuries have also��"}, {"start": "00:07:26", "end": "00:07:34", "text": "accumulated BTC at an extraordinary pace. Michael�\nSailor's Strategy, formerly Micro Strategy,��"}, {"start": "00:07:34", "end": "00:07:42", "text": "is the biggest example, holding over 843,000�\nBTC as I record this. That's 4% of the total��"}, {"start": "00:07:42", "end": "00:07:48", "text": "supply that will ever exist. And since the April�\n2024 having, corporate buyers have collectively��"}, {"start": "00:07:48", "end": "00:07:55", "text": "been acquiring BTC at roughly 2.8 times the rate�\nof new coins are mined. That's an unprecedented��"}, {"start": "00:07:55", "end": "00:08:00", "text": "supply squeeze for anyone wanting long-term�\nexposure to crypto with the least amount of��"}, {"start": "00:08:00", "end": "00:08:05", "text": "headaches. Bitcoin is the go-to starting point. It�\nhas the strongest brand recognition in the space,��"}, {"start": "00:08:05", "end": "00:08:11", "text": "the deepest liquidity, and a narrative of hard,�\nscarce digital money that's easy for anyone��"}, {"start": "00:08:11", "end": "00:08:17", "text": "to understand. And that narrative has pushed�\nBTC's price up to new all-time highs in every��"}, {"start": "00:08:17", "end": "00:08:23", "text": "single crypto market cycle so far. But what about�\nEthereum? Well, if Bitcoin is a bet on crypto as a��"}, {"start": "00:08:23", "end": "00:08:29", "text": "new money system, Ethereum is a bet on crypto and�\nblockchain technology actually being used. Think��"}, {"start": "00:08:29", "end": "00:08:35", "text": "of Bitcoin like a savings account and Ethereum�\nas the economy. It's not the perfect metaphor,��"}, {"start": "00:08:35", "end": "00:08:40", "text": "but we're keeping things simple here. Now, while�\nBitcoin uses a proofof work consensus mechanism,��"}, {"start": "00:08:40", "end": "00:08:47", "text": "which involves miners using energyintensive�\nhardware, Ethereum uses a proofofstake consensus��"}, {"start": "00:08:47", "end": "00:08:52", "text": "mechanism which doesn't require any specialized�\nhardware. Basically, this means that Ethereum is��"}, {"start": "00:08:52", "end": "00:08:57", "text": "secured by validators rather than miners who�\ngain the ability to authorize transactions by��"}, {"start": "00:08:57", "end": "00:09:05", "text": "locking away or quote unquote staking a minimum�\nof 32 ETH to become a validator. Unlike BTC,��"}, {"start": "00:09:05", "end": "00:09:11", "text": "investors don't primarily buy ETH as a store of�\nvalue. Instead, the bullcase for ETH is about��"}, {"start": "00:09:11", "end": "00:09:17", "text": "utility and the compounding value of being the�\ninfrastructure layer for a financial ecosystem��"}, {"start": "00:09:17", "end": "00:09:22", "text": "built on top of it. As we touched on earlier,�\nEthereum's smart contracts enable functionality��"}, {"start": "00:09:22", "end": "00:09:28", "text": "that Bitcoin really just can't support. And�\nits first mover advantage is why it remains the��"}, {"start": "00:09:28", "end": "00:09:34", "text": "dominant force across most sectors of the crypto�\nindustry. This is especially true in DeFi, which��"}, {"start": "00:09:34", "end": "00:09:40", "text": "you'll recall is one of the most important things�\ncrypto has to offer. Ethereum's DeFi dominance is��"}, {"start": "00:09:40", "end": "00:09:47", "text": "huge. There's over $82 billion in total value�\nlocked across DeFi. And more than 52% of that��"}, {"start": "00:09:47", "end": "00:09:54", "text": "sits on Ethereum at around 43 billion. And that�\ndoesn't even include Ethereum's layer 2 ecosystem.��"}, {"start": "00:09:54", "end": "00:10:00", "text": "But more on that later. It's a similar story with�\nstable coins, which are arguably crypto's best��"}, {"start": "00:10:00", "end": "00:10:06", "text": "product. Just over 50% of all stable coins live�\non the Ethereum mainet. These aren't speculative��"}, {"start": "00:10:06", "end": "00:10:12", "text": "metrics. They reflect real capital sitting in�\nreal protocols that people are actively using.��"}, {"start": "00:10:12", "end": "00:10:19", "text": "Ethereum's ETF story is also developing. US spot�\nEthereum ETFs first launched in July 2024, several��"}, {"start": "00:10:19", "end": "00:10:25", "text": "months after the spot bitcoin ETFs. To say they�\ndidn't cause the same buzz as the spot bitcoin��"}, {"start": "00:10:25", "end": "00:10:31", "text": "ETFs would be an understatement, but overall�\nthey've largely been a success story. Today, spot��"}, {"start": "00:10:31", "end": "00:10:38", "text": "Ethereum ETFs hold more than 13 billion dollars in�\nAUM. Perhaps unsurprisingly, BlackRock leads the��"}, {"start": "00:10:38", "end": "00:10:46", "text": "pack again with its ETH A fund, which holds over�\n$6.4 billion in AUM. Notably, investors also have��"}, {"start": "00:10:46", "end": "00:10:52", "text": "the choice of staking Ethereum ETFs. Staking ETFs�\nare products that allow investors to earn a yield��"}, {"start": "00:10:52", "end": "00:10:58", "text": "based on Ethereum's native staking rewards, which�\nis around 3% as I record this. These products have��"}, {"start": "00:10:58", "end": "00:11:03", "text": "created a new category of institutional demand�\nfor ETH, which can't be matched by spot Bitcoin��"}, {"start": "00:11:03", "end": "00:11:10", "text": "ETFs since Bitcoin can't be staked. Now, for those�\nunfamiliar, tokenization means turning real world��"}, {"start": "00:11:10", "end": "00:11:17", "text": "assets like property, bonds, or invoices into�\ndigital tokens on a blockchain. And this is a big��"}, {"start": "00:11:17", "end": "00:11:23", "text": "deal for Ethereum. This makes real world assets�\neasier to trade and split into smaller pieces,��"}, {"start": "00:11:23", "end": "00:11:29", "text": "which isn't always possible with the underlying�\nasset. It also makes traditional assets more��"}, {"start": "00:11:29", "end": "00:11:35", "text": "liquid and accessible while reducing paperwork and�\nmiddlemen, making transactions faster and cheaper��"}, {"start": "00:11:35", "end": "00:11:42", "text": "overall. And these tokenized real world assets�\nor RWAs have seen insane levels of demand. For��"}, {"start": "00:11:42", "end": "00:11:47", "text": "instance, Black Rockck's Biddle Fund, which�\ntokenizes US Treasury exposure, launched��"}, {"start": "00:11:47", "end": "00:11:54", "text": "on Ethereum in March 2024 and quickly became�\none of crypto's most important tokenized RWA.��"}, {"start": "00:11:54", "end": "00:12:01", "text": "Today it holds a massive $2.5 billion in AUMUum.�\nAnother major asset manager tokenizing real world��"}, {"start": "00:12:01", "end": "00:12:07", "text": "assets is JP Morgan. In December last year, it�\nlaunched its first tokenized money market fund��"}, {"start": "00:12:07", "end": "00:12:15", "text": "called my onchain net yield fund or money for�\nshort. Today, that money fund holds just over��"}, {"start": "00:12:15", "end": "00:12:22", "text": "$100 million in AUM. And it's worth noting that�\nstable coins can be categorized as tokenized RWAS.��"}, {"start": "00:12:22", "end": "00:12:28", "text": "That's because they are tokens pegged to the value�\nof real world assets and they're typically backed��"}, {"start": "00:12:28", "end": "00:12:34", "text": "overwhelmingly by bonds. In most cases, this is�\nthe US dollar and treasuries, but there are also��"}, {"start": "00:12:34", "end": "00:12:40", "text": "stable coins for other currencies like the euro�\nor the British pound. And there are even stable��"}, {"start": "00:12:40", "end": "00:12:45", "text": "coins pegged to the price of gold. Whatever the�\ncase, the point is that Ethereum accounts for the��"}, {"start": "00:12:45", "end": "00:12:52", "text": "lion share of the RWA market, being home to over�\n55% of all tokenized real world assets. Today,��"}, {"start": "00:12:52", "end": "00:12:59", "text": "that's valued at a mindmelting $19 billion if�\nyou exclude stable coins. For an investor who��"}, {"start": "00:12:59", "end": "00:13:04", "text": "believes that crypto will become a genuine�\nlayer of global financial infrastructure and��"}, {"start": "00:13:04", "end": "00:13:10", "text": "not just a speculative asset class, Ethereum is�\nthe more direct bet on that outcome. Now that you��"}, {"start": "00:13:10", "end": "00:13:16", "text": "know why Bitcoin and Ethereum are so great, you're�\nprobably ready to invest in either BTC or ETH. The��"}, {"start": "00:13:16", "end": "00:13:22", "text": "thing is, nothing in investing comes without its�\ntrade-offs. And neither Bitcoin nor Ethereum is an��"}, {"start": "00:13:22", "end": "00:13:29", "text": "exception. Bitcoin's trade-off is pretty simple,�\nand that's well, it's simplicity. While Bitcoin's��"}, {"start": "00:13:29", "end": "00:13:34", "text": "simplicity is certainly a positive feature, this�\ndoes also mean that Bitcoin can do far less than��"}, {"start": "00:13:34", "end": "00:13:41", "text": "most crypto projects. Bitcoin may have its own�\nlayer twos that bring a little extra to the table,��"}, {"start": "00:13:41", "end": "00:13:47", "text": "but there's no real DeFi on Bitcoin's base�\nlayer. No stable coins, no token ecosystem in��"}, {"start": "00:13:47", "end": "00:13:54", "text": "any comparable sense. Bitcoin's value is almost�\nentirely reliant on its store of value thesis.��"}, {"start": "00:13:54", "end": "00:14:00", "text": "But if for some reason that narrative came under�\nthreat, say a superior alternative to digital gold��"}, {"start": "00:14:00", "end": "00:14:07", "text": "emerged, there's no underlying app economy to�\nfall back on. In this sense, Bitcoin simplicity��"}, {"start": "00:14:07", "end": "00:14:12", "text": "is both a blessing and a curse. For what it's�\nworth, though, the chances of another asset��"}, {"start": "00:14:12", "end": "00:14:17", "text": "emerging as a better version of digital gold�\nand then winning over investors, institutions,��"}, {"start": "00:14:17", "end": "00:14:23", "text": "governments, and corporations to replace Bitcoin,�\nthat is basically zero. Ethereum's trade-offs,��"}, {"start": "00:14:23", "end": "00:14:29", "text": "on the other hand, are more complex. ETH has more�\npotential sources of value from transaction fees,��"}, {"start": "00:14:29", "end": "00:14:36", "text": "staking yields, DeFi activity, tokenization,�\nand more. However, more complexity also means��"}, {"start": "00:14:36", "end": "00:14:42", "text": "more things that can go wrong and more genuine�\ncompetition. Salana is the clearest example.��"}, {"start": "00:14:42", "end": "00:14:47", "text": "It's faster and cheaper than Ethereum. And this�\nhas helped it carve out meaningful market share��"}, {"start": "00:14:47", "end": "00:14:53", "text": "in areas like DEX trading volume and retail defy�\nactivity. And more importantly, Salana is easier��"}, {"start": "00:14:53", "end": "00:14:59", "text": "to use since there's no layer 2 ecosystem adding�\nto its complexity. Ethereum, on the other hand, is��"}, {"start": "00:14:59", "end": "00:15:05", "text": "practically reliant on its own layer 2 ecosystem.�\nFor anyone unfamiliar, layer 2 blockchains like��"}, {"start": "00:15:05", "end": "00:15:11", "text": "Arbitum and Bass are separate networks that�\ntake transactions from the main chain Ethereum,��"}, {"start": "00:15:11", "end": "00:15:17", "text": "bundle them together, then process that bundle�\nas one transaction. The data from that processed��"}, {"start": "00:15:17", "end": "00:15:23", "text": "transaction is then posted back to the mainet. But�\nwhy is that needed? Well, it's simple. Ethereum��"}, {"start": "00:15:23", "end": "00:15:28", "text": "itself isn't particularly fast, and the fees are�\nhigher than most of its competitors. When the��"}, {"start": "00:15:28", "end": "00:15:34", "text": "network gets congested, the network slows down to�\nthe point it becomes a pretty miserable experience��"}, {"start": "00:15:34", "end": "00:15:39", "text": "for users and the spike in transaction fees�\ncertainly doesn't help. Layer 2s address these��"}, {"start": "00:15:39", "end": "00:15:45", "text": "concerns, allowing for much faster transactions at�\njust a fraction of the cost. The problem though is��"}, {"start": "00:15:45", "end": "00:15:50", "text": "that this also introduces fragmentation. That's�\nbecause liquidity is spread across many different��"}, {"start": "00:15:50", "end": "00:15:56", "text": "environments rather than sitting in just one�\nunified place. There's also the issue of narrative��"}, {"start": "00:15:56", "end": "00:16:02", "text": "clarity. Bitcoin has a clear story, but people�\nstill debate what Ethereum's narrative actually��"}, {"start": "00:16:02", "end": "00:16:08", "text": "is given how broadly it influences the crypto�\nindustry. While some consider that as a strength,��"}, {"start": "00:16:08", "end": "00:16:13", "text": "most people agree that lack of simplicity is a�\nreal weakness. Institutions and retail investors��"}, {"start": "00:16:13", "end": "00:16:18", "text": "often struggle to explain Ethereum in a single�\nsentence and that matters for adoption. And on��"}, {"start": "00:16:18", "end": "00:16:25", "text": "top of that, ETH supply isn't capped like BTC's.�\nInstead, part of every transaction fee is burned,��"}, {"start": "00:16:25", "end": "00:16:31", "text": "that is permanently destroyed. When network�\nactivity is high, this can make ETH deflationary.��"}, {"start": "00:16:31", "end": "00:16:36", "text": "But when usage drops, less ETH is burnt.�\nThis could be the difference between ETH��"}, {"start": "00:16:36", "end": "00:16:43", "text": "being deflationary or an inflationary asset. As I�\nrecord this, ETH is actually inflationary, albeit��"}, {"start": "00:16:43", "end": "00:16:50", "text": "only slightly. So, while BTC supply is capped�\nat 21 million, there's no supply cap on ETH,��"}, {"start": "00:16:50", "end": "00:16:55", "text": "and there's no having events or anything�\nsimilar to reduce the rate of inflation.��"}, {"start": "00:16:55", "end": "00:17:01", "text": "ETH's supply dynamics fluctuate over time and is�\ndependent on how much the network is being used.��"}, {"start": "00:17:01", "end": "00:17:08", "text": "This ties ETH's economics directly to adoption�\nin a way that bitcoins do not. As you can see,��"}, {"start": "00:17:08", "end": "00:17:14", "text": "neither BTC or ETH are truly perfect, and neither�\nasset is quote better than the other. Both have��"}, {"start": "00:17:14", "end": "00:17:19", "text": "different narratives, different supply dynamics,�\ndifferent strengths, and different weaknesses.��"}, {"start": "00:17:19", "end": "00:17:25", "text": "And for that reason, both assets occupy different�\nroles in an investor's portfolio. So, where does��"}, {"start": "00:17:25", "end": "00:17:31", "text": "this leave you as an investor? Is BTC right for�\nyour portfolio, or are you better off with ETH?��"}, {"start": "00:17:31", "end": "00:17:37", "text": "Well, here's the key thing to keep in mind. Even�\nthough they're the top two cryptos by market cap,��"}, {"start": "00:17:37", "end": "00:17:43", "text": "Bitcoin and Ethereum aren't really rivals. They're�\ntwo different bets on two different ideas. And��"}, {"start": "00:17:43", "end": "00:17:47", "text": "the right choice for you likely depends on�\nwhat you believe. To refresh your memory,��"}, {"start": "00:17:47", "end": "00:17:54", "text": "Bitcoin is a reserve asset. Its value proposition�\nis that it's the most credible form of digital��"}, {"start": "00:17:54", "end": "00:17:59", "text": "scarcity that exists. Simple, predictable,�\nglobally recognized, and now accessible��"}, {"start": "00:17:59", "end": "00:18:04", "text": "through regulated financial products in a way�\nthat's brought over 100 billion dollars from��"}, {"start": "00:18:04", "end": "00:18:09", "text": "institutional investors. Not bad for a product�\nthat's been around for just over 2 years.��"}, {"start": "00:18:09", "end": "00:18:14", "text": "If your view is that the world will eventually�\nlose faith in governments and central banks and��"}, {"start": "00:18:14", "end": "00:18:21", "text": "seek out a decentralized non-government store of�\nvalue, then BTC is a clear bet on that thesis.��"}, {"start": "00:18:21", "end": "00:18:27", "text": "It doesn't require crypto to quote work in any�\napplication sense. It just requires that scarcity��"}, {"start": "00:18:27", "end": "00:18:32", "text": "and trust continue to matter. There's a reason why�\nalmost every person who's invested in crypto holds��"}, {"start": "00:18:32", "end": "00:18:39", "text": "at least some BTC in their portfolio. Conversely,�\nEthereum is a platform. In its earlier years, it's��"}, {"start": "00:18:39", "end": "00:18:46", "text": "often described itself as a global decentralized�\ncomputer, although this exact phrasing has fizzled��"}, {"start": "00:18:46", "end": "00:18:52", "text": "out over the years since some people found the�\nconcept a bit too confusing. Instead, Ethereum��"}, {"start": "00:18:52", "end": "00:18:58", "text": "is best understood as a decentralized execution�\nplatform powering a huge range of applications and��"}, {"start": "00:18:58", "end": "00:19:05", "text": "use cases through smart contracts. ETH's value�\nis derived from what runs on top of Ethereum,��"}, {"start": "00:19:05", "end": "00:19:12", "text": "the D5 protocols, the stable coins, the tokenized�\nRWAS, and the decentralized applications. If your��"}, {"start": "00:19:12", "end": "00:19:17", "text": "view is that blockchain technology will play a�\ncritical role in the global financial system,��"}, {"start": "00:19:17", "end": "00:19:22", "text": "then Ethereum is the more direct exposure to�\nthat outcome. And it's worth noting that the��"}, {"start": "00:19:22", "end": "00:19:29", "text": "risk with Ethereum is proportionally higher and so�\nin theory is ETH's upside. So, for anyone wanting��"}, {"start": "00:19:29", "end": "00:19:35", "text": "simple long-term crypto exposure with minimal�\nambiguity, BTC is the more straightforward��"}, {"start": "00:19:35", "end": "00:19:41", "text": "investment choice. Its track record is longer,�\nits narrative is simpler, and the recent wave of��"}, {"start": "00:19:41", "end": "00:19:47", "text": "institutional infrastructure like ETFs, corporate�\ntreasuries, and a growing regulatory clarity has��"}, {"start": "00:19:47", "end": "00:19:52", "text": "reduced many of the risks early investors faced.�\nAlthough, there's still room for improvement on��"}, {"start": "00:19:52", "end": "00:19:58", "text": "the regulatory front. For anyone who enjoys�\nresearching to get a better understanding of��"}, {"start": "00:19:58", "end": "00:20:03", "text": "what crypto is capable of or genuinely believes�\ncrypto will become revolutionary for financial��"}, {"start": "00:20:03", "end": "00:20:10", "text": "infrastructure rather than just a place for hyped�\nup speculation, then ETH makes a compelling case.��"}, {"start": "00:20:10", "end": "00:20:14", "text": "That's simply because Ethereum is the platform�\nthat most of the infrastructure is currently��"}, {"start": "00:20:14", "end": "00:20:20", "text": "being built on. But of course, there is a third�\noption. Most experienced investors don't just��"}, {"start": "00:20:20", "end": "00:20:26", "text": "buy BTC or ETH. They hold both. Not because they�\ncan't decide, but because Bitcoin and Ethereum��"}, {"start": "00:20:26", "end": "00:20:31", "text": "are both genuinely awesome cryptos, answering�\ndifferent questions. The wisest investors know��"}, {"start": "00:20:31", "end": "00:20:37", "text": "how to diversify their portfolios at least�\na bit. And by scooping up both BTC and ETH,��"}, {"start": "00:20:37", "end": "00:20:43", "text": "basically invested in the entire crypto ecosystem.�\nAnd with that, it's now time to hear from you.��"}, {"start": "00:20:43", "end": "00:20:49", "text": "Are you a Bitcoin maxi, or are you bullish on�\nEthereum's future? Do you think BTC and ETH's��"}, {"start": "00:20:49", "end": "00:20:55", "text": "price will go up or down in the months ahead? or�\nare we destined for lots of sideways price action?��"}, {"start": "00:20:55", "end": "00:21:00", "text": "Let us know your thoughts in the comments down�\nbelow because we would love to hear from you. If��"}, {"start": "00:21:00", "end": "00:21:05", "text": "you want to see why Black Rockck thinks that BTC�\nwill go to $1 million, well then you could check��"}, {"start": "00:21:05", "end": "00:21:10", "text": "out our video on that right over here. And if�\nyou want to learn more about how to use Ethereum��"}, {"start": "00:21:10", "end": "00:21:15", "text": "without getting rinsed in fees, then check out�\nthe video that we made on that right over here.��"}, {"start": "00:21:15", "end": "00:21:21", "text": "Thank you all so much for watching and I'll see�\nyou again very soon. This is Louis over and out."}]

[{"start": "00:00:00", "end": "00:00:07", "text": "As I record this, Bitcoin is down over 14% year�\nto date. Ethereum is down 30%. Your portfolio is��"}, {"start": "00:00:07", "end": "00:00:12", "text": "bleeding. X is full of people swearing they're�\nfinished with this space. And the altcoin season��"}, {"start": "00:00:12", "end": "00:00:20", "text": "index is sitting at 37 out of 100 when you need�\n75 to even call it a season. But underneath that��"}, {"start": "00:00:20", "end": "00:00:27", "text": "boredom, Hyperlquid is up over 130% year�\nto date. Zcash is up 50% in the last 30��"}, {"start": "00:00:27", "end": "00:00:34", "text": "days alone. and Bitcoin exchange reserves just�\nhit a 7-year low. So, in the next few minutes,��"}, {"start": "00:00:34", "end": "00:00:40", "text": "I'll walk you through exactly why the 2021�\nplaybook is dead, look at the two specific case��"}, {"start": "00:00:40", "end": "00:00:46", "text": "studies that Smart Money is pricing in right now,�\nand lay out the framework you should actually be��"}, {"start": "00:00:46", "end": "00:00:54", "text": "using during this lull. My name is Guy, and you're�\nwatching the Coin Bureau. Now, on the off chance��"}, {"start": "00:00:54", "end": "00:00:59", "text": "that you're still running the 2021 playbook,�\nthen you're going to spend the next 18 months��"}, {"start": "00:00:59", "end": "00:01:06", "text": "wondering why nothing is working. Put simply,�\nin 2021, every rotation lifted everything. You��"}, {"start": "00:01:06", "end": "00:01:12", "text": "bought 47 random bags by throwing darts at Coin�\nGecko, and the rising tide of retail liquidity��"}, {"start": "00:01:12", "end": "00:01:19", "text": "carried you to massive gains. That mechanism is�\ngone, and it ain't coming back. And the reason is��"}, {"start": "00:01:19", "end": "00:01:26", "text": "that the capital structure of crypto in 2026 has�\nfundamentally rewired itself around three forces��"}, {"start": "00:01:26", "end": "00:01:34", "text": "that did not exist in any meaningful way in 2021.�\nThe first is ETF concentration. Cumulative spot��"}, {"start": "00:01:34", "end": "00:01:43", "text": "Bitcoin ETF inflows now sit at roughly 58 billion�\nwith approximately 99 to 102 billion in assets��"}, {"start": "00:01:43", "end": "00:01:51", "text": "under management. And those ETFs collectively hold�\napproximately 7% of total BTC supply. Every dollar��"}, {"start": "00:01:51", "end": "00:01:57", "text": "going into IBIT is a dollar that's not going to�\nfind its way into the long tail of altcoins. The��"}, {"start": "00:01:57", "end": "00:02:05", "text": "second is VC unlock overhang. Approximately $97�\nbillion in tokens were released through vesting��"}, {"start": "00:02:05", "end": "00:02:13", "text": "schedules in 2025 alone with weekly unlock events�\nfrequently clearing 650 to 770 million in fresh��"}, {"start": "00:02:13", "end": "00:02:21", "text": "supply hitting the market. And the third is supply�\noversaturation. Over 11.6 million tokens failed��"}, {"start": "00:02:21", "end": "00:02:30", "text": "outright in 2025 and active wallets on pump fund�\ncollapsed from 5.2 million in May 2025 to just 1.8��"}, {"start": "00:02:30", "end": "00:02:37", "text": "8 million by December. The meme casino is closing.�\nMeanwhile, Bitcoin dominance is currently holding��"}, {"start": "00:02:37", "end": "00:02:43", "text": "around 59% with that figure climbing significantly�\nover the past several months. To put that into��"}, {"start": "00:02:43", "end": "00:02:52", "text": "context, at the peak of the 2021 altcoin rotation,�\nBTC dominance fell to roughly 40%. So that spread,��"}, {"start": "00:02:52", "end": "00:02:59", "text": "that 20 point gap is the principal reason why�\naltcoin breadth has collapsed. 18 out of the��"}, {"start": "00:02:59", "end": "00:03:06", "text": "20 tokens in the Coindesk 20 index are posting�\nlosses. The ETH BTC ratio is down nearly 20%��"}, {"start": "00:03:06", "end": "00:03:11", "text": "year-to- date. And Ethereum itself, the largest�\naltcoin out there, is down over 30% year-to-��"}, {"start": "00:03:11", "end": "00:03:18", "text": "date when historically ETH has been the asset that�\nleads alt rotations. So, the rising tide model is��"}, {"start": "00:03:18", "end": "00:03:25", "text": "broken because, well, the tide is not rising for�\nthe long tail anymore. It's instead rising for a��"}, {"start": "00:03:25", "end": "00:03:33", "text": "very specific and very narrow set of assets that�\nhave something the 2021 alts never really needed��"}, {"start": "00:03:33", "end": "00:03:41", "text": "actual revenue. The filter for what actually�\ncatches a bid has completely changed. So let's��"}, {"start": "00:03:41", "end": "00:03:46", "text": "talk about what the filter looks like in practice�\nbecause there are two assets in this market right��"}, {"start": "00:03:46", "end": "00:03:52", "text": "now that are passing it with flying colors. The�\nfirst is Hyperlid. Hype recently set a new high��"}, {"start": "00:03:52", "end": "00:04:00", "text": "above $64 and with a market cap of around $13�\nbillion. But the real story here isn't the price��"}, {"start": "00:04:00", "end": "00:04:07", "text": "action. It's the underlying cash flow. Hyperlid�\ngenerated approximately 11 million in protocol��"}, {"start": "00:04:07", "end": "00:04:15", "text": "fees in a single week in May 2026. That's roughly�\n43% of all blockchain fee revenue generated across��"}, {"start": "00:04:15", "end": "00:04:24", "text": "the entire crypto market in that window. In all of�\n2025, Hyperlquid cleared $2.6 trillion in notional��"}, {"start": "00:04:24", "end": "00:04:30", "text": "trading volume, which is more than Coinbase did in�\nthe same period. Its open interest is now roughly��"}, {"start": "00:04:30", "end": "00:04:37", "text": "92% of Coinbase's entire perpetuals book. And�\nmost importantly, 97 cents of every dollar in��"}, {"start": "00:04:37", "end": "00:04:44", "text": "fees goes directly into an automated blockby-block�\nbuyback of hype from the open market. And rather��"}, {"start": "00:04:44", "end": "00:04:50", "text": "than relying on a discretionary team promise,�\nthis buyback is hardcoded at the protocol level��"}, {"start": "00:04:50", "end": "00:04:56", "text": "through what Hyperlquid calls the assistance�\nfund. It cannot be paused or modified by a��"}, {"start": "00:04:56", "end": "00:05:03", "text": "multisig. It scales mechanically with trading�\nvolume. And to date, that mechanism has deployed��"}, {"start": "00:05:03", "end": "00:05:10", "text": "over $1.2 billion in cumulative revenue into�\nopen market hype purchases. Matt Hogan, the��"}, {"start": "00:05:10", "end": "00:05:16", "text": "chief investment officer at Bitwise, has called�\nHype one of the most mispriced assets in crypto,��"}, {"start": "00:05:16", "end": "00:05:22", "text": "arguing the market is incorrectly valuing it as a�\nleverage platform rather than a real competitor to��"}, {"start": "00:05:22", "end": "00:05:28", "text": "CME or Robin Hood. Now, before we go further, if�\nyou want to stay on top of the biggest stories in��"}, {"start": "00:05:28", "end": "00:05:33", "text": "crypto every week, then the Coin Bureau newsletter�\nshould be your weapon of choice. And you can sign��"}, {"start": "00:05:33", "end": "00:05:40", "text": "up using the link in the description below or the�\nQR code currently displayed on your screen. Okay,��"}, {"start": "00:05:40", "end": "00:05:48", "text": "right with that, let's get back to it. Okay, our�\nsecond case study is Zcash. Ze is up over 50% in��"}, {"start": "00:05:48", "end": "00:05:54", "text": "the last 30 days with a market cap of a little�\nunder $9 billion. And the reason this matters��"}, {"start": "00:05:54", "end": "00:06:00", "text": "is that Ze is doing this while almost every other�\nso-called legacy alt is pretty much dead in the��"}, {"start": "00:06:00", "end": "00:06:08", "text": "water. Litecoin, Bitcoin Cash, all of the 2017 era�\nsurvivors are bleeding. So, what changed? Well,��"}, {"start": "00:06:08", "end": "00:06:14", "text": "three things. First, the regulatory overhang�\nlifted. The SEC recently closed its investigation��"}, {"start": "00:06:14", "end": "00:06:20", "text": "into the Zcash Foundation with no enforcement�\naction, removing a major institutional barrier��"}, {"start": "00:06:20", "end": "00:06:28", "text": "that had suppressed price for years. Second, the�\nsupply dynamics tightened. Roughly 30% of all��"}, {"start": "00:06:28", "end": "00:06:34", "text": "circulating Ze supply is now locked in shielded�\nprivacy pools, the highest level in Zcash's��"}, {"start": "00:06:34", "end": "00:06:43", "text": "history. The orchard pool alone grew from 1.92�\nmillion to 4.55 million ze in 12 months. That is��"}, {"start": "00:06:43", "end": "00:06:51", "text": "supply leaving exchanges and going into vaults. A�\nsupply sync not everyone is pricing in. And third,��"}, {"start": "00:06:51", "end": "00:06:56", "text": "the privacy narrative completely reframed�\nitself. For years, privacy coins were treated��"}, {"start": "00:06:56", "end": "00:07:02", "text": "as a regulatory crime scene waiting to happen.�\nThe tornado cash prosecutions taught the market��"}, {"start": "00:07:02", "end": "00:07:09", "text": "something very important. However, privacy via�\nsmart contract mixer is a regulatory target.��"}, {"start": "00:07:09", "end": "00:07:14", "text": "Privacy at the base layer though with optional�\nviewing keys for compliance is a completely��"}, {"start": "00:07:14", "end": "00:07:23", "text": "different legal animal. That is what Ze is. And�\nGayscale has now filed to convert its Zcash trust��"}, {"start": "00:07:23", "end": "00:07:32", "text": "into a spot Zef. Cipher Punk Technologies, backed�\nby Winklvos Capital, had accumulated over 294,000��"}, {"start": "00:07:32", "end": "00:07:38", "text": "ZEC, approximately 1.8% of circulating supply�\nas of its most recent public disclosure in��"}, {"start": "00:07:38", "end": "00:07:45", "text": "March 2026, and has stated a long-term goal�\nof reaching 5% of total supply. Multicoin��"}, {"start": "00:07:45", "end": "00:07:51", "text": "Capital's co-founder has called Ze the cleanest�\npublic market expression of the privacy thesis.��"}, {"start": "00:07:51", "end": "00:07:58", "text": "Arthur Hayes frames it as essential infrastructure�\nfor an AIdriven surveillance world. And with the��"}, {"start": "00:07:58", "end": "00:08:06", "text": "November 2024 h havinging behind it, Ze annual�\ninflation is now just 2%. Now you might assume��"}, {"start": "00:08:06", "end": "00:08:12", "text": "this is just another narrative pump that fades in�\na month. But that assumption ignores the onchain��"}, {"start": "00:08:12", "end": "00:08:18", "text": "data. The shielded pool has been growing steadily�\nfor over a year. Grayscale and Coinbase custody��"}, {"start": "00:08:18", "end": "00:08:24", "text": "are actively building the institutional plumbing.�\nAnd most importantly, the SEC investigation was��"}, {"start": "00:08:24", "end": "00:08:31", "text": "the biggest barrier holding Zcash back. And that�\nthreat is now completely gone. So this rally is��"}, {"start": "00:08:31", "end": "00:08:38", "text": "being driven largely by fundamentals and not�\njust market vibes. Which brings us to the core��"}, {"start": "00:08:38", "end": "00:08:44", "text": "of the barbell. Because as exciting as hype and ze�\nare, the anchor of any serious portfolio in this��"}, {"start": "00:08:44", "end": "00:08:52", "text": "cycle still starts with Bitcoin. And the onchain�\ndata here is very interesting. Bitcoin exchange��"}, {"start": "00:08:52", "end": "00:09:00", "text": "reserves have collapsed to roughly 5.88% of�\nsupply, a 7-year low. Whale wallets holding 1,000��"}, {"start": "00:09:00", "end": "00:09:07", "text": "or more BTC accumulated approximately 270,000�\ncoins in a single 30-day window. described as��"}, {"start": "00:09:07", "end": "00:09:16", "text": "the largest such accumulation event since 2013.�\nSpaceX recently disclosed that it holds 18,712 BTC��"}, {"start": "00:09:16", "end": "00:09:25", "text": "and did not sell a single coin throughout 2025.�\nStrategy accumulated approximately 89,600 BTC in��"}, {"start": "00:09:25", "end": "00:09:34", "text": "Q1 2026 alone per the company's May 2026 earnings�\ndisclosure. This is what real accumulation looks��"}, {"start": "00:09:34", "end": "00:09:41", "text": "like and it's happening underneath a price chart�\nthat looks like nothing is working. So the barbell��"}, {"start": "00:09:41", "end": "00:09:47", "text": "framework has Bitcoin as the monetary anchor�\nthen three to five concentrated high conviction��"}, {"start": "00:09:47", "end": "00:09:54", "text": "satellites with revenue regulatory clarity and�\nreal fundamentals instead of 47 random Salana��"}, {"start": "00:09:54", "end": "00:10:00", "text": "meme coins. Now, the truth is that the next bull�\nmarket is not going to look like the last one,��"}, {"start": "00:10:00", "end": "00:10:05", "text": "and most retail investors are going to miss�\nit completely because they're still mentally��"}, {"start": "00:10:05", "end": "00:10:12", "text": "calibrated to the spray and prey era. This market�\nhas institutionalized itself in slow motion over��"}, {"start": "00:10:12", "end": "00:10:19", "text": "the last two years, and the institutionalization�\nhas been brutally consistent. ETFs concentrate��"}, {"start": "00:10:19", "end": "00:10:26", "text": "flows into BTC. revenue concentrates flows into a�\nhandful of cash generating protocols. Meanwhile,��"}, {"start": "00:10:26", "end": "00:10:34", "text": "the 10-year Treasury yield at 4.5% creates�\na hurdle that did not exist in 2021 when��"}, {"start": "00:10:34", "end": "00:10:41", "text": "cash yielded effectively nothing. In 2021, the�\nopportunity cost of holding a speculative bag was��"}, {"start": "00:10:41", "end": "00:10:49", "text": "zero. Just about any random shitcoin could beat�\ncash. In 2026 though, cash yields 4.5% risk-free��"}, {"start": "00:10:49", "end": "00:10:56", "text": "via treasuries, which means an investor must�\nexpect meaningfully higher returns to justify any��"}, {"start": "00:10:56", "end": "00:11:02", "text": "speculative exposure at all. This is the mechanism�\nbehind the flight to fundamentals. And this flight��"}, {"start": "00:11:02", "end": "00:11:09", "text": "to fundamentals explains why hype is pumping�\nwhile most altcoins bleed. It's the same reason��"}, {"start": "00:11:09", "end": "00:11:16", "text": "Ze is rallying while Litecoin stagnates and why�\nBitcoin is seeing massive accumulation even with a��"}, {"start": "00:11:16", "end": "00:11:21", "text": "boring price chart. Right folks, a quick interlude�\nbecause I think you're going to want to know this��"}, {"start": "00:11:21", "end": "00:11:27", "text": "as well. Now, a lot of people still think Coinbase�\nis just a beginner platform, but with Coinbase��"}, {"start": "00:11:27", "end": "00:11:32", "text": "Advanced, that's actually changed quite a bit.�\nYou're getting lower fees, proper charting tools,��"}, {"start": "00:11:32", "end": "00:11:39", "text": "real-time order books, and full control with limit�\nand stop orders. So, it all feels much closer to��"}, {"start": "00:11:39", "end": "00:11:45", "text": "a professional trading setup, but without the�\nusual complexity. So, whether you're stepping��"}, {"start": "00:11:45", "end": "00:11:50", "text": "up from basic apps or just want a cleaner,�\nmore reliable platform, it is definitely one��"}, {"start": "00:11:50", "end": "00:11:55", "text": "to have on your radar. And if you want to try it�\nout, there's currently a limited offer for Coin��"}, {"start": "00:11:55", "end": "00:12:03", "text": "Bureau viewers. You can get $40 in Bitcoin when�\nyou trade $40. Now, this is available in the US,��"}, {"start": "00:12:03", "end": "00:12:09", "text": "Canada, Europe, Singapore, and Australia, but�\nit's capped to the first 350 people, so it may��"}, {"start": "00:12:09", "end": "00:12:15", "text": "not last long. You can scan the QR code on screen�\nnow, or check the link in the description and��"}, {"start": "00:12:15", "end": "00:12:22", "text": "pinned comment for full details. And with that,�\nlet's get back to it. Ben Cowan has called the��"}, {"start": "00:12:22", "end": "00:12:30", "text": "current phrase a junk coin purge and frames it as�\na necessary precursor to a sustainable bull cycle.��"}, {"start": "00:12:30", "end": "00:12:35", "text": "Adam back has gone further and said that�\nefficient markets may eventually price most��"}, {"start": "00:12:35", "end": "00:12:42", "text": "altcoins and memecoins near zero. That is the�\nworld we are now living in and the asymmetry is��"}, {"start": "00:12:42", "end": "00:12:49", "text": "hiding in plain sight. Infrastructure adoption�\nis accelerating even as prices are depressed.��"}, {"start": "00:12:49", "end": "00:12:57", "text": "Tokenized real world assets on Ethereum just hit�\n$8 billion doubling in 6 months. Real world stable��"}, {"start": "00:12:57", "end": "00:13:04", "text": "coin payments doubled to $400 billion in 2025.�\nThe underlying use case for crypto is stronger��"}, {"start": "00:13:04", "end": "00:13:12", "text": "than it has ever been. But the market is so bored�\nthat almost no one is paying attention. That is��"}, {"start": "00:13:12", "end": "00:13:19", "text": "the setup. So first restructure your portfolio�\naround the barbell. Bitcoin as the core anchor,��"}, {"start": "00:13:19", "end": "00:13:25", "text": "then three to five high conviction satellites with�\nrevenue, actual users, and a defensible token sync��"}, {"start": "00:13:25", "end": "00:13:32", "text": "mechanism. Holding 30 different bags doesn't give�\nyou diversification. It just dilutes your returns��"}, {"start": "00:13:32", "end": "00:13:38", "text": "if you get any returns at all. That is second,�\nlearn to read protocol revenue properly. Go to��"}, {"start": "00:13:38", "end": "00:13:44", "text": "DeFi Lama, click the fees tab, sort by revenue�\nrather than gross fees, and divide annualized��"}, {"start": "00:13:44", "end": "00:13:51", "text": "revenue by circulating market cap. That is your�\ncrypto price to sales ratio. It's the single most��"}, {"start": "00:13:51", "end": "00:13:58", "text": "important screening metric in this market. Third,�\nwatch the unlock calendar. Use tokenunlocks.app��"}, {"start": "00:13:58", "end": "00:14:04", "text": "to map every major vesting cliff over the next 12�\nmonths for any token you hold or are considering��"}, {"start": "00:14:04", "end": "00:14:11", "text": "holding. If a project has nine figure unlocks�\nahead and no revenue funded buyback to absorb��"}, {"start": "00:14:11", "end": "00:14:18", "text": "them, that is structural sell pressure you cannot�\nfight. Fourth, monitor developer activity through��"}, {"start": "00:14:18", "end": "00:14:24", "text": "electric capital reports and GitHub directly.�\nTeams shipping during a bare market are the teams��"}, {"start": "00:14:24", "end": "00:14:31", "text": "that deliver products in the next bull market. The�\n2018 to 2019 winter built Chainlink, Ave, Uniswap,��"}, {"start": "00:14:31", "end": "00:14:38", "text": "and Synthetics. The 2022 to 2023 winter built�\nHyperlquid and Pendle. The next set of winners��"}, {"start": "00:14:38", "end": "00:14:45", "text": "is being built right now in this exact lull by�\nteams that almost no one is watching. Fifth,��"}, {"start": "00:14:45", "end": "00:14:51", "text": "track the institutional signals, filings, ETF�\napplications, custody integrations, whale wallet��"}, {"start": "00:14:51", "end": "00:14:58", "text": "movements through Nansen and Glass Node. These are�\nthe smart money fingerprints and they're leaving��"}, {"start": "00:14:58", "end": "00:15:03", "text": "their marks in plain sight while retail is too�\nbored to read them. So, are you going to spend��"}, {"start": "00:15:03", "end": "00:15:08", "text": "the next 6 months bored scrolling X waiting for�\nsomeone to tell you what to buy when the next leg��"}, {"start": "00:15:08", "end": "00:15:14", "text": "starts? Or are you going to use this quiet stretch�\nto do the work? Identify the three to five assets��"}, {"start": "00:15:14", "end": "00:15:20", "text": "you have genuine conviction in and accumulate�\nthem while everyone else is convinced this space��"}, {"start": "00:15:20", "end": "00:15:27", "text": "is dead. Because the people who got rich in 2021�\nmostly got lucky. The people who get rich in the��"}, {"start": "00:15:27", "end": "00:15:33", "text": "next bull market will be the ones who treated�\nthis lull as an opportunity to identify the few��"}, {"start": "00:15:33", "end": "00:15:40", "text": "crypto projects that are actually worthwhile.�\nOkay, thank you all for watching. Let us know��"}, {"start": "00:15:40", "end": "00:15:46", "text": "your thoughts in the comments down below and I'll�\nsee you again very soon. This is Guy signing off."}]

[{"start": "00:00:01", "end": "00:00:10", "text": "Hello everybody."}, {"start": "00:00:04", "end": "00:00:12", "text": "Welcome back for another video."}, {"start": "00:00:10", "end": "00:00:16", "text": "Hope you're all doing well. Hope that"}, {"start": "00:00:12", "end": "00:00:18", "text": "everyone out there is"}, {"start": "00:00:16", "end": "00:00:23", "text": "remembering to invest. Hope everyone out"}, {"start": "00:00:18", "end": "00:00:26", "text": "there is doing absolutely fantastic"}, {"start": "00:00:23", "end": "00:00:30", "text": "and that you're all having a great day."}, {"start": "00:00:26", "end": "00:00:34", "text": "Very big thank you to Finley Bass,"}, {"start": "00:00:30", "end": "00:00:39", "text": "Gilboa Snake, and Trent Jackson, my"}, {"start": "00:00:34", "end": "00:00:41", "text": "Patreon supporters. I do thank thee."}, {"start": "00:00:39", "end": "00:00:43", "text": "Don't forget to follow my other YouTube"}, {"start": "00:00:41", "end": "00:00:46", "text": "channels. There are links in the"}, {"start": "00:00:43", "end": "00:00:52", "text": "description below. Without any further"}, {"start": "00:00:46", "end": "00:00:56", "text": "ado, let's jump right into the news."}, {"start": "00:00:52", "end": "00:01:01", "text": "bears a lot of recently."}, {"start": "00:00:56", "end": "00:01:06", "text": "Uh so as we've been going over, we are"}, {"start": "00:01:01", "end": "00:01:10", "text": "caught in lightly relatively intense"}, {"start": "00:01:06", "end": "00:01:12", "text": "tumultuous times right now uh within"}, {"start": "00:01:10", "end": "00:01:16", "text": "world markets"}, {"start": "00:01:12", "end": "00:01:20", "text": "uh following huge discussions about the"}, {"start": "00:01:16", "end": "00:01:23", "text": "um SpaceX uh going public IPO."}, {"start": "00:01:20", "end": "00:01:27", "text": "uh other stocks around the world"}, {"start": "00:01:23", "end": "00:01:28", "text": "reacting to higher US inflation numbers."}, {"start": "00:01:27", "end": "00:01:32", "text": "If you haven't seen that, it continues"}, {"start": "00:01:28", "end": "00:01:35", "text": "to go up, oddly enough. Who who would"}, {"start": "00:01:32", "end": "00:01:39", "text": "have thunk it? A lot of cryptocurrency"}, {"start": "00:01:35", "end": "00:01:42", "text": "news in the last 5 days, give or take."}, {"start": "00:01:39", "end": "00:01:47", "text": "if you haven't seen uh has been this"}, {"start": "00:01:42", "end": "00:01:50", "text": "kind of idea that any drops in price"}, {"start": "00:01:47", "end": "00:01:54", "text": "would simply be short-lived and that as"}, {"start": "00:01:50", "end": "00:01:57", "text": "we've heard again in the last week that"}, {"start": "00:01:54", "end": "00:01:59", "text": "the crypto winter is officially over."}, {"start": "00:01:57", "end": "00:02:02", "text": "Things look like they're only going to"}, {"start": "00:01:59", "end": "00:02:03", "text": "get better. We had some sprinkles of"}, {"start": "00:02:02", "end": "00:02:06", "text": "news"}, {"start": "00:02:03", "end": "00:02:09", "text": "from um a n a number of onchain"}, {"start": "00:02:06", "end": "00:02:12", "text": "analytical companies from Micro Strategy"}, {"start": "00:02:09", "end": "00:02:15", "text": "purchasing more. I think Meta Planet"}, {"start": "00:02:12", "end": "00:02:18", "text": "also purchased a tiny more Bitcoin. I"}, {"start": "00:02:15", "end": "00:02:20", "text": "mean, and I say tiny, these companies"}, {"start": "00:02:18", "end": "00:02:23", "text": "are buying like hundreds of millions of"}, {"start": "00:02:20", "end": "00:02:27", "text": "dollars, but you understand my context."}, {"start": "00:02:23", "end": "00:02:29", "text": "and just a number of um analysts"}, {"start": "00:02:27", "end": "00:02:33", "text": "announcing to us that it appears that"}, {"start": "00:02:29", "end": "00:02:37", "text": "prices are once again going to go"}, {"start": "00:02:33", "end": "00:02:41", "text": "higher. Uh never forget we are at the"}, {"start": "00:02:37", "end": "00:02:44", "text": "mercy of the market. We cannot"}, {"start": "00:02:41", "end": "00:02:46", "text": "uh any world events that basically are"}, {"start": "00:02:44", "end": "00:02:48", "text": "are happening are going to have some"}, {"start": "00:02:46", "end": "00:02:51", "text": "kind of an effect on us. There's a lot"}, {"start": "00:02:48", "end": "00:02:54", "text": "of news about cryptocurrency outflows"}, {"start": "00:02:51", "end": "00:02:55", "text": "and also subsequently inflows. And"}, {"start": "00:02:54", "end": "00:02:58", "text": "there's one thing I'm going to show you"}, {"start": "00:02:55", "end": "00:03:00", "text": "and I always get very [snorts]"}, {"start": "00:02:58", "end": "00:03:02", "text": "joyous when someone actually releases"}, {"start": "00:03:00", "end": "00:03:06", "text": "this news so that we can kind of uh get"}, {"start": "00:03:02", "end": "00:03:09", "text": "on some kind of rational footing because"}, {"start": "00:03:06", "end": "00:03:11", "text": "for whatever reason"}, {"start": "00:03:09", "end": "00:03:16", "text": "negative news tends to sell far more"}, {"start": "00:03:11", "end": "00:03:18", "text": "than reality and or happy news. So, and"}, {"start": "00:03:16", "end": "00:03:20", "text": "I mean it's it's across the board. It's"}, {"start": "00:03:18", "end": "00:03:24", "text": "not just crypto. It's in stocks. It's"}, {"start": "00:03:20", "end": "00:03:26", "text": "kind of in everything where if something"}, {"start": "00:03:24", "end": "00:03:28", "text": "bad happens like, okay, so let's say for"}, {"start": "00:03:26", "end": "00:03:31", "text": "instance, you're walking down the"}, {"start": "00:03:28", "end": "00:03:32", "text": "street. You're with a friend. You"}, {"start": "00:03:31", "end": "00:03:36", "text": "haven't seen them in a long time. You"}, {"start": "00:03:32", "end": "00:03:37", "text": "guys are having a great time. You're"}, {"start": "00:03:36", "end": "00:03:38", "text": "like, you know, I want to get some ice"}, {"start": "00:03:37", "end": "00:03:40", "text": "cream. You go get some ice cream. It's"}, {"start": "00:03:38", "end": "00:03:42", "text": "it's pretty warm outside. You get some"}, {"start": "00:03:40", "end": "00:03:43", "text": "ice cream. You go sit down somewhere."}, {"start": "00:03:42", "end": "00:03:45", "text": "You have some drinks. It's like the"}, {"start": "00:03:43", "end": "00:03:48", "text": "weather's like abs like it's a great"}, {"start": "00:03:45", "end": "00:03:49", "text": "day. Should we go to the movies? Yeah,"}, {"start": "00:03:48", "end": "00:03:50", "text": "this new movie is out. You go see the"}, {"start": "00:03:49", "end": "00:03:52", "text": "movie. Movie is better than you"}, {"start": "00:03:50", "end": "00:03:54", "text": "expected. You had no idea it was going"}, {"start": "00:03:52", "end": "00:03:56", "text": "to be that great. All of a sudden,"}, {"start": "00:03:54", "end": "00:03:59", "text": "you're back again walking down the"}, {"start": "00:03:56", "end": "00:04:00", "text": "street and there's like a a loose brick"}, {"start": "00:03:59", "end": "00:04:02", "text": "or something on the ground and you trip"}, {"start": "00:04:00", "end": "00:04:04", "text": "on it. You don't fall, but like you trip"}, {"start": "00:04:02", "end": "00:04:07", "text": "like you lose your balance. You go, \"Oh"}, {"start": "00:04:04", "end": "00:04:09", "text": "my gosh, like I almost fell.\""}, {"start": "00:04:07", "end": "00:04:11", "text": "And then you make a YouTube video not"}, {"start": "00:04:09", "end": "00:04:14", "text": "about how great your day was, but about"}, {"start": "00:04:11", "end": "00:04:16", "text": "how you tripped over that brick. I could"}, {"start": "00:04:14", "end": "00:04:18", "text": "have fallen. I could have hurt myself."}, {"start": "00:04:16", "end": "00:04:20", "text": "Do you understand how bad things are?"}, {"start": "00:04:18", "end": "00:04:24", "text": "Like you like it tumbles out of control."}, {"start": "00:04:20", "end": "00:04:27", "text": "That's what crypto news is often like."}, {"start": "00:04:24", "end": "00:04:29", "text": "So even when we have huge amounts of"}, {"start": "00:04:27", "end": "00:04:32", "text": "inflows into these funds and I'm talking"}, {"start": "00:04:29", "end": "00:04:35", "text": "about the ETFs specifically because"}, {"start": "00:04:32", "end": "00:04:38", "text": "that's what everyone seems to be on"}, {"start": "00:04:35", "end": "00:04:41", "text": "right now is this idea that ETFs are the"}, {"start": "00:04:38", "end": "00:04:43", "text": "cornerstone of the hu future and history"}, {"start": "00:04:41", "end": "00:04:46", "text": "of the crypto look at the numbers that"}, {"start": "00:04:43", "end": "00:04:48", "text": "looks insane of the cryptocurrency"}, {"start": "00:04:46", "end": "00:04:50", "text": "uh market."}, {"start": "00:04:48", "end": "00:04:53", "text": "But then like there's always one"}, {"start": "00:04:50", "end": "00:04:55", "text": "negative thing that happens despite"}, {"start": "00:04:53", "end": "00:04:57", "text": "everything else being good and then"}, {"start": "00:04:55", "end": "00:04:59", "text": "we're all constantly told to just hit"}, {"start": "00:04:57", "end": "00:05:02", "text": "that focal point and talk about how sad"}, {"start": "00:04:59", "end": "00:05:04", "text": "and awful and and and egregious and and"}, {"start": "00:05:02", "end": "00:05:08", "text": "terrible"}, {"start": "00:05:04", "end": "00:05:10", "text": "uh everything is. So, um, this wasn't"}, {"start": "00:05:08", "end": "00:05:14", "text": "the most popular news because once"}, {"start": "00:05:10", "end": "00:05:18", "text": "again, it it it pains a a rosy outlook"}, {"start": "00:05:14", "end": "00:05:20", "text": "on a on a great optimistic future."}, {"start": "00:05:18", "end": "00:05:22", "text": "However,"}, {"start": "00:05:20", "end": "00:05:24", "text": "uh a lot of analysts once again and I"}, {"start": "00:05:22", "end": "00:05:27", "text": "once again like I said, I'm glad this is"}, {"start": "00:05:24", "end": "00:05:31", "text": "happening or that this happens"}, {"start": "00:05:27", "end": "00:05:32", "text": "that we uh have this scary news for no"}, {"start": "00:05:31", "end": "00:05:34", "text": "reason and then someone comes forward"}, {"start": "00:05:32", "end": "00:05:39", "text": "and they're like,"}, {"start": "00:05:34", "end": "00:05:43", "text": "listen, it's not that bad."}, {"start": "00:05:39", "end": "00:05:47", "text": "Recent outflows from spot bitcoin"}, {"start": "00:05:43", "end": "00:05:50", "text": "exchange traded funds have sparked"}, {"start": "00:05:47", "end": "00:05:54", "text": "concern among some market participants."}, {"start": "00:05:50", "end": "00:05:58", "text": "But Bloomberg Intelligence senior ETF"}, {"start": "00:05:54", "end": "00:06:01", "text": "analyst, his name is Eric Balchunas, has"}, {"start": "00:05:58", "end": "00:06:05", "text": "dismissed the trend as a temporary and"}, {"start": "00:06:01", "end": "00:06:08", "text": "statistically insignificant fluctuation."}, {"start": "00:06:05", "end": "00:06:11", "text": "In an interview with CoinDesk, Balunas"}, {"start": "00:06:08", "end": "00:06:14", "text": "argued that the outflows, which total"}, {"start": "00:06:11", "end": "00:06:20", "text": "around $3 billion, this was around the"}, {"start": "00:06:14", "end": "00:06:23", "text": "time when um Zedcash was falling when uh"}, {"start": "00:06:20", "end": "00:06:26", "text": "Micro Strategy sold. And keeping in"}, {"start": "00:06:23", "end": "00:06:28", "text": "mind, this was two weeks ago,"}, {"start": "00:06:26", "end": "00:06:30", "text": "but everyone's still talking about it in"}, {"start": "00:06:28", "end": "00:06:33", "text": "the news. If you remember yesterday as"}, {"start": "00:06:30", "end": "00:06:35", "text": "well, there was news uh from an analyst"}, {"start": "00:06:33", "end": "00:06:36", "text": "who said like in his neck of the woods"}, {"start": "00:06:35", "end": "00:06:39", "text": "on on the internet, he's constantly"}, {"start": "00:06:36", "end": "00:06:41", "text": "seeing people being like what AI is"}, {"start": "00:06:39", "end": "00:06:43", "text": "quicker than Bitcoin, so therefore"}, {"start": "00:06:41", "end": "00:06:45", "text": "Bitcoin is going to go down. And they're"}, {"start": "00:06:43", "end": "00:06:50", "text": "talking about like quantum computing"}, {"start": "00:06:45", "end": "00:06:53", "text": "fears which a lot of computer scientists"}, {"start": "00:06:50", "end": "00:06:56", "text": "and analysts believe that we might be"}, {"start": "00:06:53", "end": "00:06:58", "text": "five, seven or 10 plus years away before"}, {"start": "00:06:56", "end": "00:07:01", "text": "quantum computers are strong enough to"}, {"start": "00:06:58", "end": "00:07:02", "text": "break Bitcoin's cryptography, but people"}, {"start": "00:07:01", "end": "00:07:05", "text": "in the news are talking about it like"}, {"start": "00:07:02", "end": "00:07:07", "text": "it's happening next Wednesday. When you"}, {"start": "00:07:05", "end": "00:07:09", "text": "wake up next Wednesday, Bitcoin is going"}, {"start": "00:07:07", "end": "00:07:11", "text": "to be gone. And he was like, \"All this"}, {"start": "00:07:09", "end": "00:07:14", "text": "like fear is constantly being pushed"}, {"start": "00:07:11", "end": "00:07:17", "text": "into the market and a lot of it is"}, {"start": "00:07:14", "end": "00:07:19", "text": "manipulation. It's just to get us out of"}, {"start": "00:07:17", "end": "00:07:22", "text": "the space to feel like we don't want to"}, {"start": "00:07:19", "end": "00:07:24", "text": "be here. We leave the market. they they"}, {"start": "00:07:22", "end": "00:07:26", "text": "they buy of the coins that were sold and"}, {"start": "00:07:24", "end": "00:07:28", "text": "then"}, {"start": "00:07:26", "end": "00:07:31", "text": "yeah"}, {"start": "00:07:28", "end": "00:07:34", "text": "um Bunas argued that the outflows which"}, {"start": "00:07:31", "end": "00:07:37", "text": "totaled roughly $3 billion"}, {"start": "00:07:34", "end": "00:07:40", "text": "must be viewed in the context of the"}, {"start": "00:07:37", "end": "00:07:43", "text": "broader market"}, {"start": "00:07:40", "end": "00:07:45", "text": "which has around $100"}, {"start": "00:07:43", "end": "00:07:47", "text": "billion"}, {"start": "00:07:45", "end": "00:07:49", "text": "in assets."}, {"start": "00:07:47", "end": "00:07:50", "text": "Remember all the other times I've told"}, {"start": "00:07:49", "end": "00:07:52", "text": "you. First of all, we're going to get"}, {"start": "00:07:50", "end": "00:07:55", "text": "those three billion back in about 10 and"}, {"start": "00:07:52", "end": "00:07:57", "text": "a half days. That sounds like a joke."}, {"start": "00:07:55", "end": "00:07:59", "text": "Nope. That's how it always happens."}, {"start": "00:07:57", "end": "00:08:01", "text": "Whenever we hear in the cryptocurrency"}, {"start": "00:07:59", "end": "00:08:04", "text": "space, it happens every two or 3 months."}, {"start": "00:08:01", "end": "00:08:06", "text": "There there's some kind of a a sell-off"}, {"start": "00:08:04", "end": "00:08:08", "text": "panic and and no one knows exactly what"}, {"start": "00:08:06", "end": "00:08:10", "text": "causes it. Everyone is kind of just"}, {"start": "00:08:08", "end": "00:08:13", "text": "pointing fingers at multiple different"}, {"start": "00:08:10", "end": "00:08:18", "text": "things. But we end up hearing that one"}, {"start": "00:08:13", "end": "00:08:21", "text": "day the Black Rockck ETF had outflows of"}, {"start": "00:08:18", "end": "00:08:24", "text": "28 million. The real news was that the"}, {"start": "00:08:21", "end": "00:08:26", "text": "inflows were 60 million but 28 left of"}, {"start": "00:08:24", "end": "00:08:29", "text": "the fund. So 28 left and then 60 went"}, {"start": "00:08:26", "end": "00:08:32", "text": "in. So it's a it's a net plus. The next"}, {"start": "00:08:29", "end": "00:08:35", "text": "day I think um 80 million left the fund"}, {"start": "00:08:32", "end": "00:08:38", "text": "but then they had 120 million go into"}, {"start": "00:08:35", "end": "00:08:41", "text": "it. But it's it's the scary news that"}, {"start": "00:08:38", "end": "00:08:44", "text": "sells. It's the thing that kind of"}, {"start": "00:08:41", "end": "00:08:47", "text": "terrifies people and I also, this is a"}, {"start": "00:08:44", "end": "00:08:50", "text": "personal thing, unless the news is"}, {"start": "00:08:47", "end": "00:08:53", "text": "actually scary, unless like unless the"}, {"start": "00:08:50", "end": "00:08:56", "text": "news is like in total"}, {"start": "00:08:53", "end": "00:09:00", "text": "80 million left the fund and zero went"}, {"start": "00:08:56", "end": "00:09:02", "text": "inside, I always question why other"}, {"start": "00:09:00", "end": "00:09:04", "text": "YouTubers and other people tend to focus"}, {"start": "00:09:02", "end": "00:09:07", "text": "on like the hyper negative part as"}, {"start": "00:09:04", "end": "00:09:10", "text": "opposed to giving you the real news. I'"}, {"start": "00:09:07", "end": "00:09:13", "text": "I've always"}, {"start": "00:09:10", "end": "00:09:17", "text": "wondered. Balunas emphasized that an"}, {"start": "00:09:13", "end": "00:09:21", "text": "outflow of $3 billion"}, {"start": "00:09:17", "end": "00:09:23", "text": "from a $100 billion market is completely"}, {"start": "00:09:21", "end": "00:09:25", "text": "insignificant"}, {"start": "00:09:23", "end": "00:09:28", "text": "when compared to typical flow patterns"}, {"start": "00:09:25", "end": "00:09:32", "text": "observed in major ETFs."}, {"start": "00:09:28", "end": "00:09:35", "text": "He noted that even large S&P 500 index"}, {"start": "00:09:32", "end": "00:09:38", "text": "funds regularly experience inflows and"}, {"start": "00:09:35", "end": "00:09:40", "text": "outflows of similar magnitude without"}, {"start": "00:09:38", "end": "00:09:43", "text": "any fundamental change in investor"}, {"start": "00:09:40", "end": "00:09:45", "text": "sentiment. I think it's just this like"}, {"start": "00:09:43", "end": "00:09:47", "text": "fear-mongering kind of thing. I think"}, {"start": "00:09:45", "end": "00:09:49", "text": "people on the internet want people to be"}, {"start": "00:09:47", "end": "00:09:52", "text": "afraid whether it be for their own"}, {"start": "00:09:49", "end": "00:09:55", "text": "benefit or whatever the case might"}, {"start": "00:09:52", "end": "00:09:58", "text": "actually be. There's always this kind of"}, {"start": "00:09:55", "end": "00:10:01", "text": "for years I thought"}, {"start": "00:09:58", "end": "00:10:05", "text": "uh it's not a tinfoil hat thing so much"}, {"start": "00:10:01", "end": "00:10:08", "text": "as people can benefit from fear. So, and"}, {"start": "00:10:05", "end": "00:10:10", "text": "I mean like the people exposing you to"}, {"start": "00:10:08", "end": "00:10:11", "text": "the information. They can tell you that"}, {"start": "00:10:10", "end": "00:10:13", "text": "something's wrong. They can tell you"}, {"start": "00:10:11", "end": "00:10:15", "text": "that, you know, things are things aren't"}, {"start": "00:10:13", "end": "00:10:17", "text": "looking too hot and then stocks will go"}, {"start": "00:10:15", "end": "00:10:19", "text": "down, gold's price will go down and then"}, {"start": "00:10:17", "end": "00:10:20", "text": "they end up buying more. Like that's how"}, {"start": "00:10:19", "end": "00:10:23", "text": "they're"}, {"start": "00:10:20", "end": "00:10:26", "text": "benefiting from it. But is this kind of"}, {"start": "00:10:23", "end": "00:10:27", "text": "they always want to kind of dictate what"}, {"start": "00:10:26", "end": "00:10:32", "text": "your sentiment is. I tell you all the"}, {"start": "00:10:27", "end": "00:10:35", "text": "time like crypto news for the 99% part"}, {"start": "00:10:32", "end": "00:10:38", "text": "is always pretty good."}, {"start": "00:10:35", "end": "00:10:40", "text": "Even the idea of outflows usually isn't"}, {"start": "00:10:38", "end": "00:10:44", "text": "bad news because we end up seeing those"}, {"start": "00:10:40", "end": "00:10:46", "text": "funds flow back in. If we had heard"}, {"start": "00:10:44", "end": "00:10:49", "text": "since October 2025,"}, {"start": "00:10:46", "end": "00:10:52", "text": "you know, every week there's $120"}, {"start": "00:10:49", "end": "00:10:54", "text": "million leaving these funds and then"}, {"start": "00:10:52", "end": "00:10:57", "text": "zero inflows. Well, then that's a red"}, {"start": "00:10:54", "end": "00:11:00", "text": "flag. That's bad news. Having that money"}, {"start": "00:10:57", "end": "00:11:02", "text": "go right back in isn't bad news. It's"}, {"start": "00:11:00", "end": "00:11:04", "text": "people just moving the market as they"}, {"start": "00:11:02", "end": "00:11:06", "text": "see fit, as they're trying to purchase"}, {"start": "00:11:04", "end": "00:11:08", "text": "more coins."}, {"start": "00:11:06", "end": "00:11:10", "text": "It's it's it's always that's what I was"}, {"start": "00:11:08", "end": "00:11:13", "text": "telling you like crypto has like like a"}, {"start": "00:11:10", "end": "00:11:16", "text": "I don't want to say a narrative problem"}, {"start": "00:11:13", "end": "00:11:18", "text": "but we're always like pointed in one"}, {"start": "00:11:16", "end": "00:11:21", "text": "direction. You you exist in a room that"}, {"start": "00:11:18", "end": "00:11:23", "text": "has four walls and someone draws a"}, {"start": "00:11:21", "end": "00:11:25", "text": "circle somewhere on a wall and they're"}, {"start": "00:11:23", "end": "00:11:27", "text": "like look at that. Don't look anywhere"}, {"start": "00:11:25", "end": "00:11:29", "text": "else in this room. They they draw"}, {"start": "00:11:27", "end": "00:11:31", "text": "another circle and then they turn your"}, {"start": "00:11:29", "end": "00:11:33", "text": "body and they go well now it's this now"}, {"start": "00:11:31", "end": "00:11:35", "text": "now now that's the problem. And it's"}, {"start": "00:11:33", "end": "00:11:39", "text": "like, well, we're going to fix the"}, {"start": "00:11:35", "end": "00:11:42", "text": "quantum problem. Like, you know, it it's"}, {"start": "00:11:39", "end": "00:11:43", "text": "not just us in the market. The people in"}, {"start": "00:11:42", "end": "00:11:45", "text": "this market also, they own hundreds and"}, {"start": "00:11:43", "end": "00:11:47", "text": "millions and billions of dollars worth"}, {"start": "00:11:45", "end": "00:11:50", "text": "of crypto. They're far more incentivized"}, {"start": "00:11:47", "end": "00:11:53", "text": "to fix the the quantum issue than we"}, {"start": "00:11:50", "end": "00:11:56", "text": "ever were. We're we're like, we're going"}, {"start": "00:11:53", "end": "00:11:59", "text": "to be just fine with or without the"}, {"start": "00:11:56", "end": "00:12:01", "text": "Clarity Act. We don't need to have ETFs"}, {"start": "00:11:59", "end": "00:12:03", "text": "be like the cornerstone of the market."}, {"start": "00:12:01", "end": "00:12:05", "text": "What's important is adoption. What's"}, {"start": "00:12:03", "end": "00:12:06", "text": "important is people actually buying the"}, {"start": "00:12:05", "end": "00:12:08", "text": "coins and using the coins, if not just"}, {"start": "00:12:06", "end": "00:12:11", "text": "holding the coins and staking the coins,"}, {"start": "00:12:08", "end": "00:12:12", "text": "using the protocols."}, {"start": "00:12:11", "end": "00:12:15", "text": "Okay."}, {"start": "00:12:12", "end": "00:12:20", "text": "He said, um, this is just normal market"}, {"start": "00:12:15", "end": "00:12:22", "text": "noise, adding that the media and some"}, {"start": "00:12:20", "end": "00:12:24", "text": "investors may be over interpreting"}, {"start": "00:12:22", "end": "00:12:29", "text": "shortterm"}, {"start": "00:12:24", "end": "00:12:32", "text": "movements. So, yeah. um"}, {"start": "00:12:29", "end": "00:12:34", "text": "happy that we that we're getting these"}, {"start": "00:12:32", "end": "00:12:37", "text": "people with loud voices to be able to"}, {"start": "00:12:34", "end": "00:12:39", "text": "announce like listen it's not that bad"}, {"start": "00:12:37", "end": "00:12:43", "text": "everyone needs to calm down. Uh we've"}, {"start": "00:12:39", "end": "00:12:45", "text": "also bounced back seemingly bounced back"}, {"start": "00:12:43", "end": "00:12:47", "text": "in sentiment regarding the future of"}, {"start": "00:12:45", "end": "00:12:49", "text": "this market and where things are going"}, {"start": "00:12:47", "end": "00:12:52", "text": "to go if you look at daily price"}, {"start": "00:12:49", "end": "00:12:55", "text": "movements what have you. But as far as"}, {"start": "00:12:52", "end": "00:12:56", "text": "like the overall like growth of the"}, {"start": "00:12:55", "end": "00:12:59", "text": "market and where things are going to go"}, {"start": "00:12:56", "end": "00:13:02", "text": "and what the next steps are, even when"}, {"start": "00:12:59", "end": "00:13:04", "text": "there is"}, {"start": "00:13:02", "end": "00:13:06", "text": "fear within the stock market, which"}, {"start": "00:13:04", "end": "00:13:10", "text": "tends to trickle into the cryptocurrency"}, {"start": "00:13:06", "end": "00:13:12", "text": "space, that fear has like a 7, eight"}, {"start": "00:13:10", "end": "00:13:14", "text": "days before it begins to dwindle off and"}, {"start": "00:13:12", "end": "00:13:17", "text": "everyone's like, \"Okay, let's start"}, {"start": "00:13:14", "end": "00:13:20", "text": "making money again.\" Uh, a lot of news"}, {"start": "00:13:17", "end": "00:13:22", "text": "about Micro Strategy. If you haven't"}, {"start": "00:13:20", "end": "00:13:25", "text": "seen"}, {"start": "00:13:22", "end": "00:13:28", "text": "Micro Strategies back in the news, uh"}, {"start": "00:13:25", "end": "00:13:32", "text": "Michael Sailor announced"}, {"start": "00:13:28", "end": "00:13:35", "text": "uh that the selloff uh when they sold 32"}, {"start": "00:13:32", "end": "00:13:37", "text": "Bitcoin was nonsense and he loves"}, {"start": "00:13:35", "end": "00:13:40", "text": "Bitcoin and he was like, \"I never said"}, {"start": "00:13:37", "end": "00:13:43", "text": "that I I wouldn't sell any"}, {"start": "00:13:40", "end": "00:13:46", "text": "when the internet exists.\" So, we can"}, {"start": "00:13:43", "end": "00:13:48", "text": "literally find the date and the article"}, {"start": "00:13:46", "end": "00:13:51", "text": "when he was like, \"Micro Strategy is"}, {"start": "00:13:48", "end": "00:13:54", "text": "never going to sell Bitcoin.\" But once"}, {"start": "00:13:51", "end": "00:13:56", "text": "again, because of the continued backlash"}, {"start": "00:13:54", "end": "00:13:59", "text": "that I told you would happen and is"}, {"start": "00:13:56", "end": "00:14:01", "text": "still happening, they keep announcing"}, {"start": "00:13:59", "end": "00:14:03", "text": "that they are purchasing more Bitcoin"}, {"start": "00:14:01", "end": "00:14:06", "text": "and they're not going to stop. They want"}, {"start": "00:14:03", "end": "00:14:10", "text": "to only buy uh tons and tons more as"}, {"start": "00:14:06", "end": "00:14:14", "text": "they get closer to their goal of having"}, {"start": "00:14:10", "end": "00:14:17", "text": "uh 1 million"}, {"start": "00:14:14", "end": "00:14:21", "text": "Bitcoin just from one company. They"}, {"start": "00:14:17", "end": "00:14:24", "text": "recently purchased another uh $11"}, {"start": "00:14:21", "end": "00:14:28", "text": "million worth of Bitcoin, which is even"}, {"start": "00:14:24", "end": "00:14:32", "text": "more confusing as they um"}, {"start": "00:14:28", "end": "00:14:35", "text": "sold a few and then they purchased a"}, {"start": "00:14:32", "end": "00:14:37", "text": "billion 101 million and then I think one"}, {"start": "00:14:35", "end": "00:14:39", "text": "day there was like $43 million purchase."}, {"start": "00:14:37", "end": "00:14:40", "text": "Why did you sell it all? Why did you"}, {"start": "00:14:39", "end": "00:14:43", "text": "announce you were going to I don't"}, {"start": "00:14:40", "end": "00:14:46", "text": "understand. I truly don't get it. But a"}, {"start": "00:14:43", "end": "00:14:50", "text": "lot of the buying news is back in the"}, {"start": "00:14:46", "end": "00:14:55", "text": "space uh heavily of course revolving"}, {"start": "00:14:50", "end": "00:14:57", "text": "around Micro Strategy. Uh Bit mine and"}, {"start": "00:14:55", "end": "00:15:01", "text": "there have been sprinkles"}, {"start": "00:14:57", "end": "00:15:02", "text": "of MetaPlanet news and maybe 3 weeks ago"}, {"start": "00:15:01", "end": "00:15:07", "text": "there was like a really weird wave of"}, {"start": "00:15:02", "end": "00:15:09", "text": "these companies who I had never heard of"}, {"start": "00:15:07", "end": "00:15:13", "text": "announcing that they were buying more"}, {"start": "00:15:09", "end": "00:15:14", "text": "Bitcoin. And I was like, when did when"}, {"start": "00:15:13", "end": "00:15:17", "text": "did you buy in the first place? I I"}, {"start": "00:15:14", "end": "00:15:21", "text": "don't remember you. So anyway, cool."}, {"start": "00:15:17", "end": "00:15:24", "text": "Yeah. Uh we will see as I said before in"}, {"start": "00:15:21", "end": "00:15:26", "text": "the next couple of weeks, if not week. I"}, {"start": "00:15:24", "end": "00:15:29", "text": "really I I I give like a good May"}, {"start": "00:15:26", "end": "00:15:32", "text": "maximum 10 days uh where the market's"}, {"start": "00:15:29", "end": "00:15:35", "text": "going to go based off of the uh"}, {"start": "00:15:32", "end": "00:15:37", "text": "information from the Fed and just kind"}, {"start": "00:15:35", "end": "00:15:42", "text": "of what the general sentiment is going"}, {"start": "00:15:37", "end": "00:15:46", "text": "to be. Uh the the the"}, {"start": "00:15:42", "end": "00:15:49", "text": "signals are still pointing to uh greed"}, {"start": "00:15:46", "end": "00:15:52", "text": "outweighing the fear as everyone's ready"}, {"start": "00:15:49", "end": "00:15:55", "text": "to make tons of money, but you know,"}, {"start": "00:15:52", "end": "00:15:59", "text": "real world events and all that stuff."}, {"start": "00:15:55", "end": "00:16:01", "text": "That's the um yeah, things are pretty"}, {"start": "00:15:59", "end": "00:16:03", "text": "okay"}, {"start": "00:16:01", "end": "00:16:06", "text": "and yeah,"}, {"start": "00:16:03", "end": "00:16:06", "text": "let's move on."}, {"start": "00:16:07", "end": "00:16:14", "text": "Also currently recently in very I don't"}, {"start": "00:16:12", "end": "00:16:18", "text": "want to use the word popular but big"}, {"start": "00:16:14", "end": "00:16:23", "text": "news there are still rumors"}, {"start": "00:16:18", "end": "00:16:28", "text": "currently now that the United States is"}, {"start": "00:16:23", "end": "00:16:32", "text": "apparently aiming for grain of salt my"}, {"start": "00:16:28", "end": "00:16:34", "text": "friends still aiming for the 4th of July"}, {"start": "00:16:32", "end": "00:16:37", "text": "to actually have the clarity act be"}, {"start": "00:16:34", "end": "00:16:40", "text": "signed. That's the the news if you"}, {"start": "00:16:37", "end": "00:16:43", "text": "haven't seen it. Uh it it popped up a"}, {"start": "00:16:40", "end": "00:16:45", "text": "couple of times in the last few days."}, {"start": "00:16:43", "end": "00:16:47", "text": "There are a number of companies and"}, {"start": "00:16:45", "end": "00:16:49", "text": "analysts and banks who have said that"}, {"start": "00:16:47", "end": "00:16:52", "text": "they're not expecting it to happen at"}, {"start": "00:16:49", "end": "00:16:55", "text": "all this year. That's the general news"}, {"start": "00:16:52", "end": "00:16:58", "text": "that we've received."}, {"start": "00:16:55", "end": "00:17:01", "text": "However, um it would appear that people"}, {"start": "00:16:58", "end": "00:17:02", "text": "are still optimistic about it getting"}, {"start": "00:17:01", "end": "00:17:04", "text": "signed"}, {"start": "00:17:02", "end": "00:17:08", "text": "in the next 3 weeks. That would be three"}, {"start": "00:17:04", "end": "00:17:13", "text": "weeks, right? More. Yes, roughly around"}, {"start": "00:17:08", "end": "00:17:18", "text": "3 weeks. Uh, tying into that is the"}, {"start": "00:17:13", "end": "00:17:21", "text": "brand new SEC, or so they say. Uh, last"}, {"start": "00:17:18", "end": "00:17:25", "text": "year we got news that the SEC was going"}, {"start": "00:17:21", "end": "00:17:28", "text": "to have a complete revamp. If you"}, {"start": "00:17:25", "end": "00:17:31", "text": "weren't here before, this might not be"}, {"start": "00:17:28", "end": "00:17:34", "text": "significant to you in in this way, but"}, {"start": "00:17:31", "end": "00:17:38", "text": "the SEC has been terrible. The last 15"}, {"start": "00:17:34", "end": "00:17:41", "text": "years have been plagued by scandals and"}, {"start": "00:17:38", "end": "00:17:45", "text": "Gary Gensler gremlins running around the"}, {"start": "00:17:41", "end": "00:17:47", "text": "office. Crypto got no regulation at all."}, {"start": "00:17:45", "end": "00:17:50", "text": "Companies got in trouble for things that"}, {"start": "00:17:47", "end": "00:17:53", "text": "they didn't do. And the SEC is claiming"}, {"start": "00:17:50", "end": "00:17:54", "text": "that they've turned over a gigantic new"}, {"start": "00:17:53", "end": "00:17:58", "text": "leaf. and things are going to get"}, {"start": "00:17:54", "end": "00:18:03", "text": "better. So the regulatory side of things"}, {"start": "00:17:58", "end": "00:18:05", "text": "has been very big as of late where"}, {"start": "00:18:03", "end": "00:18:09", "text": "and this is how it's being communicated"}, {"start": "00:18:05", "end": "00:18:13", "text": "to us is [snorts] that between the SEC's"}, {"start": "00:18:09", "end": "00:18:18", "text": "change and the clarity act"}, {"start": "00:18:13", "end": "00:18:18", "text": "this will then give 100%"}, {"start": "00:18:18", "end": "00:18:24", "text": "100% clarity for you I companies and"}, {"start": "00:18:22", "end": "00:18:27", "text": "everyone else looking to get into the"}, {"start": "00:18:24", "end": "00:18:32", "text": "market and therefore"}, {"start": "00:18:27", "end": "00:18:36", "text": "as it was prophesized back in 2018 2019"}, {"start": "00:18:32", "end": "00:18:39", "text": "that would be the beginning of full"}, {"start": "00:18:36", "end": "00:18:41", "text": "cryptocurrency adoption with no real"}, {"start": "00:18:39", "end": "00:18:44", "text": "barriers because everything will have"}, {"start": "00:18:41", "end": "00:18:47", "text": "been laid out."}, {"start": "00:18:44", "end": "00:18:51", "text": "It says the SEC puts crypto rules at the"}, {"start": "00:18:47", "end": "00:18:54", "text": "front of its policy agenda. They said,"}, {"start": "00:18:51", "end": "00:18:57", "text": "and I quote, \"Blockchain and crypto"}, {"start": "00:18:54", "end": "00:18:59", "text": "asset technologies have the potential to"}, {"start": "00:18:57", "end": "00:19:01", "text": "revolutionize America's financial"}, {"start": "00:18:59", "end": "00:19:04", "text": "infrastructure"}, {"start": "00:19:01", "end": "00:19:05", "text": "and deliver new optionality,"}, {"start": "00:19:04", "end": "00:19:09", "text": "efficiencies,"}, {"start": "00:19:05", "end": "00:19:12", "text": "cost reductions, transparency,"}, {"start": "00:19:09", "end": "00:19:15", "text": "and risk mitigation for the benefit of"}, {"start": "00:19:12", "end": "00:19:20", "text": "all Americans.\" And excuse if at any"}, {"start": "00:19:15", "end": "00:19:20", "text": "point I sound um"}, {"start": "00:19:20", "end": "00:19:25", "text": "the words not confused. Uh we've dealt"}, {"start": "00:19:22", "end": "00:19:28", "text": "with the SEC for many years"}, {"start": "00:19:25", "end": "00:19:30", "text": "and I would love to believe that they've"}, {"start": "00:19:28", "end": "00:19:33", "text": "changed and that they're actually going"}, {"start": "00:19:30", "end": "00:19:37", "text": "to uh regulate. How weird, right? You"}, {"start": "00:19:33", "end": "00:19:39", "text": "know, a regulator regulating. Um but"}, {"start": "00:19:37", "end": "00:19:44", "text": "they have a terrible track record."}, {"start": "00:19:39", "end": "00:19:47", "text": "everyone who's been in charge. And sure,"}, {"start": "00:19:44", "end": "00:19:50", "text": "I I would love to think that the"}, {"start": "00:19:47", "end": "00:19:51", "text": "citizens would be put first."}, {"start": "00:19:50", "end": "00:19:54", "text": "I would love to think that this will be"}, {"start": "00:19:51", "end": "00:19:56", "text": "done uh for the greater good of"}, {"start": "00:19:54", "end": "00:19:59", "text": "investors so that everyone knows exactly"}, {"start": "00:19:56", "end": "00:20:02", "text": "what's going on, but you know, just the"}, {"start": "00:19:59", "end": "00:20:06", "text": "terrible track record of it all. It"}, {"start": "00:20:02", "end": "00:20:08", "text": "says, \"Objective 1.1, provide a firm"}, {"start": "00:20:06", "end": "00:20:10", "text": "regulatory foundation for digital assets"}, {"start": "00:20:08", "end": "00:20:12", "text": "and distributed ledger technologies"}, {"start": "00:20:10", "end": "00:20:14", "text": "through a rational,"}, {"start": "00:20:12", "end": "00:20:16", "text": "coherent,"}, {"start": "00:20:14", "end": "00:20:18", "text": "and principled approach. Blockchain and"}, {"start": "00:20:16", "end": "00:20:19", "text": "crypto asset technologies have the"}, {"start": "00:20:18", "end": "00:20:21", "text": "potential to revolutionize America's"}, {"start": "00:20:19", "end": "00:20:22", "text": "financial infrastructure and deliver new"}, {"start": "00:20:21", "end": "00:20:24", "text": "optionality, efficiencies, cost"}, {"start": "00:20:22", "end": "00:20:26", "text": "reductions, transparency, and risk"}, {"start": "00:20:24", "end": "00:20:28", "text": "mitigation for the benefit of all"}, {"start": "00:20:26", "end": "00:20:30", "text": "Americans. The rapid growth in this area"}, {"start": "00:20:28", "end": "00:20:32", "text": "has outpaced the existing regulatory"}, {"start": "00:20:30", "end": "00:20:35", "text": "framework. Do you know when the"}, {"start": "00:20:32", "end": "00:20:37", "text": "framework is from? It's from the 1920s"}, {"start": "00:20:35", "end": "00:20:39", "text": "and 30s if you didn't know that. That's"}, {"start": "00:20:37", "end": "00:20:42", "text": "not a joke. that is actually uh when"}, {"start": "00:20:39", "end": "00:20:44", "text": "it's from a lot of um American rules and"}, {"start": "00:20:42", "end": "00:20:48", "text": "laws especially dealing with business"}, {"start": "00:20:44", "end": "00:20:50", "text": "are before"}, {"start": "00:20:48", "end": "00:20:53", "text": "people had telephones in their homes"}, {"start": "00:20:50", "end": "00:20:56", "text": "before they had TVs not even color TVs"}, {"start": "00:20:53", "end": "00:21:00", "text": "before they had televisions and"}, {"start": "00:20:56", "end": "00:21:03", "text": "telephones before we even knew what a"}, {"start": "00:21:00", "end": "00:21:06", "text": "computer was in the 1960s"}, {"start": "00:21:03", "end": "00:21:09", "text": "before personal computers existed before"}, {"start": "00:21:06", "end": "00:21:11", "text": "the Internet is believed to have been"}, {"start": "00:21:09", "end": "00:21:13", "text": "created around the 60s and 70s, the"}, {"start": "00:21:11", "end": "00:21:14", "text": "early iterations of the internet."}, {"start": "00:21:13", "end": "00:21:18", "text": "Nonetheless, like the modern internet of"}, {"start": "00:21:14", "end": "00:21:22", "text": "the '9s, all these laws and rules and"}, {"start": "00:21:18", "end": "00:21:23", "text": "regulations go back 100"}, {"start": "00:21:22", "end": "00:21:26", "text": "years."}, {"start": "00:21:23", "end": "00:21:28", "text": "So, it makes a lot of sense when"}, {"start": "00:21:26", "end": "00:21:30", "text": "cryptocurrency companies have been"}, {"start": "00:21:28", "end": "00:21:33", "text": "asking for years, hey, can you guys"}, {"start": "00:21:30", "end": "00:21:36", "text": "regulate us? Can you can you tell us"}, {"start": "00:21:33", "end": "00:21:38", "text": "some rules? And the SEC was like, \"Well,"}, {"start": "00:21:36", "end": "00:21:41", "text": "you know, just just just look at the old"}, {"start": "00:21:38", "end": "00:21:44", "text": "stuff. Look look at the stuff from a"}, {"start": "00:21:41", "end": "00:21:47", "text": "hundred years ago. That'll that'll make"}, {"start": "00:21:44", "end": "00:21:49", "text": "sense.\" A clear and consistent approach"}, {"start": "00:21:47", "end": "00:21:52", "text": "is what is needed to provide legal"}, {"start": "00:21:49", "end": "00:21:54", "text": "certainty for innovators while"}, {"start": "00:21:52", "end": "00:21:56", "text": "protecting investors and preserving"}, {"start": "00:21:54", "end": "00:21:58", "text": "market integrity."}, {"start": "00:21:56", "end": "00:22:01", "text": "This includes clarifying the boundaries"}, {"start": "00:21:58", "end": "00:22:04", "text": "of securities law as it applies to"}, {"start": "00:22:01", "end": "00:22:07", "text": "digital assets, enabling compliant"}, {"start": "00:22:04", "end": "00:22:09", "text": "capital formation through tokenized"}, {"start": "00:22:07", "end": "00:22:12", "text": "offerings, and supporting the"}, {"start": "00:22:09", "end": "00:22:14", "text": "development of onchain financial"}, {"start": "00:22:12", "end": "00:22:17", "text": "infrastructure. That's also becoming a"}, {"start": "00:22:14", "end": "00:22:19", "text": "huge topic of discussion as well between"}, {"start": "00:22:17", "end": "00:22:24", "text": "uh prediction markets and tokenized"}, {"start": "00:22:19", "end": "00:22:27", "text": "offerings. people now want um"}, {"start": "00:22:24", "end": "00:22:30", "text": "some kind of clarity for what exactly is"}, {"start": "00:22:27", "end": "00:22:34", "text": "going on as um if you haven't seen and"}, {"start": "00:22:30", "end": "00:22:37", "text": "aren't aware uh prediction markets work"}, {"start": "00:22:34", "end": "00:22:39", "text": "on insider trading. So they only uh seem"}, {"start": "00:22:37", "end": "00:22:42", "text": "to do you can Google it like you can"}, {"start": "00:22:39", "end": "00:22:46", "text": "even find YouTube videos of the creators"}, {"start": "00:22:42", "end": "00:22:47", "text": "of these platforms the the main two uh"}, {"start": "00:22:46", "end": "00:22:50", "text": "discussing"}, {"start": "00:22:47", "end": "00:22:53", "text": "that prediction markets need insider"}, {"start": "00:22:50", "end": "00:22:55", "text": "trading for it to actually work and for"}, {"start": "00:22:53", "end": "00:23:01", "text": "those of you who aren't aware uh insider"}, {"start": "00:22:55", "end": "00:23:04", "text": "[snorts] trading is illegal. Um yeah, so"}, {"start": "00:23:01", "end": "00:23:06", "text": "this is also part of the news. Uh we are"}, {"start": "00:23:04", "end": "00:23:09", "text": "getting ever closer. As I said before,"}, {"start": "00:23:06", "end": "00:23:13", "text": "the crypto market will do just fine. I"}, {"start": "00:23:09", "end": "00:23:16", "text": "know people are salivating, geez louise,"}, {"start": "00:23:13", "end": "00:23:18", "text": "over some kind of rules and regulations"}, {"start": "00:23:16", "end": "00:23:20", "text": "for this space as we've never gotten"}, {"start": "00:23:18", "end": "00:23:23", "text": "them, which doesn't make any any gosh"}, {"start": "00:23:20", "end": "00:23:24", "text": "darn sense because that seems a little"}, {"start": "00:23:23", "end": "00:23:27", "text": "corrupt. like it feels like we should"}, {"start": "00:23:24", "end": "00:23:31", "text": "have had regulations around like 2013"}, {"start": "00:23:27", "end": "00:23:33", "text": "2014 but alas here we are. So"}, {"start": "00:23:31", "end": "00:23:35", "text": "hopefully"}, {"start": "00:23:33", "end": "00:23:39", "text": "hopefully"}, {"start": "00:23:35", "end": "00:23:41", "text": "um in the next two months we know what's"}, {"start": "00:23:39", "end": "00:23:42", "text": "happening with the market so we can all"}, {"start": "00:23:41", "end": "00:23:44", "text": "move on. We're either getting the"}, {"start": "00:23:42", "end": "00:23:46", "text": "Clarity Act or we're not. We're either"}, {"start": "00:23:44", "end": "00:23:49", "text": "getting that thing or it won't happen."}, {"start": "00:23:46", "end": "00:23:52", "text": "Either way, crypto will be just fine"}, {"start": "00:23:49", "end": "00:23:54", "text": "whether we are in the four-year cycle or"}, {"start": "00:23:52", "end": "00:23:56", "text": "not. I I can almost assure you things"}, {"start": "00:23:54", "end": "00:23:59", "text": "will be"}, {"start": "00:23:56", "end": "00:24:02", "text": "pretty okay."}, {"start": "00:23:59", "end": "00:24:05", "text": "Okie dokie."}, {"start": "00:24:02", "end": "00:24:05", "text": "Let's move on."}, {"start": "00:24:06", "end": "00:24:12", "text": "[snorts] If you haven't seen uh Visa and"}, {"start": "00:24:09", "end": "00:24:16", "text": "Mastercard the last month have made an"}, {"start": "00:24:12", "end": "00:24:19", "text": "extra push into the cryptocurrency"}, {"start": "00:24:16", "end": "00:24:20", "text": "um market. They were already here. They"}, {"start": "00:24:19", "end": "00:24:23", "text": "were you know especially Visa. Visa has"}, {"start": "00:24:20", "end": "00:24:26", "text": "been they've wrapped themselves around"}, {"start": "00:24:23", "end": "00:24:28", "text": "Ethereum and their and their love for"}, {"start": "00:24:26", "end": "00:24:31", "text": "it. Uh but we had something recently"}, {"start": "00:24:28", "end": "00:24:33", "text": "from Mastercard if you missed it maybe a"}, {"start": "00:24:31", "end": "00:24:35", "text": "week or something ago where they"}, {"start": "00:24:33", "end": "00:24:38", "text": "announced they're going to be using"}, {"start": "00:24:35", "end": "00:24:40", "text": "Ethereum, Polygon, Salana, and other"}, {"start": "00:24:38", "end": "00:24:43", "text": "chain. I don't remember the name of of"}, {"start": "00:24:40", "end": "00:24:46", "text": "the other uh big one, but the point of"}, {"start": "00:24:43", "end": "00:24:49", "text": "the matter is is that I saw an article"}, {"start": "00:24:46", "end": "00:24:51", "text": "that was discussing uh that apparently"}, {"start": "00:24:49", "end": "00:24:54", "text": "internally"}, {"start": "00:24:51", "end": "00:24:56", "text": "allegedly Visa and Mastercard are quite"}, {"start": "00:24:54", "end": "00:24:58", "text": "terrified of stable coins because"}, {"start": "00:24:56", "end": "00:25:00", "text": "basically it relinquishes any kind of"}, {"start": "00:24:58", "end": "00:25:02", "text": "power that Visa and Mastercard"}, {"start": "00:25:00", "end": "00:25:08", "text": "themselves have. So, as we've been going"}, {"start": "00:25:02", "end": "00:25:10", "text": "over, if a if a Facebook or a whatever"}, {"start": "00:25:08", "end": "00:25:12", "text": "is able to make their own uh stable coin"}, {"start": "00:25:10", "end": "00:25:15", "text": "and basically have money move through"}, {"start": "00:25:12", "end": "00:25:17", "text": "their channels, there's no real reason"}, {"start": "00:25:15", "end": "00:25:21", "text": "then to actually use Visa and"}, {"start": "00:25:17", "end": "00:25:23", "text": "Mastercard. Uh so,"}, {"start": "00:25:21", "end": "00:25:25", "text": "this is kind of the reason why we're"}, {"start": "00:25:23", "end": "00:25:27", "text": "seeing Visa and Mastercard make such"}, {"start": "00:25:25", "end": "00:25:29", "text": "huge pushes into the space. They're also"}, {"start": "00:25:27", "end": "00:25:31", "text": "going to be working together and they're"}, {"start": "00:25:29", "end": "00:25:35", "text": "trying to integrate other uh payment"}, {"start": "00:25:31", "end": "00:25:39", "text": "systems as well in short to kind of"}, {"start": "00:25:35", "end": "00:25:41", "text": "remain uh relevant."}, {"start": "00:25:39", "end": "00:25:44", "text": "It says payments. Yeah. What? Yeah,"}, {"start": "00:25:41", "end": "00:25:47", "text": "there we go. Payment giants are eyeing a"}, {"start": "00:25:44", "end": "00:25:50", "text": "shared stable coin infrastructure. Visa"}, {"start": "00:25:47", "end": "00:25:53", "text": "and Stripe already running together."}, {"start": "00:25:50", "end": "00:25:57", "text": "Finex and wallets use a single bridge"}, {"start": "00:25:53", "end": "00:26:00", "text": "API to issue branded stable coinbacked"}, {"start": "00:25:57", "end": "00:26:04", "text": "Visa cards, letting card holders spend"}, {"start": "00:26:00", "end": "00:26:07", "text": "Circle Coin balances at any of Visa's"}, {"start": "00:26:04", "end": "00:26:10", "text": "175 million plus merchant locations"}, {"start": "00:26:07", "end": "00:26:13", "text": "worldwide. There's also like a huge push"}, {"start": "00:26:10", "end": "00:26:16", "text": "back if you haven't seen from and I mean"}, {"start": "00:26:13", "end": "00:26:17", "text": "he's kind of like Peter Schiff in that I"}, {"start": "00:26:16", "end": "00:26:22", "text": "just don't understand why he's always in"}, {"start": "00:26:17", "end": "00:26:25", "text": "the news. Uh Jamie Diamond, the head of"}, {"start": "00:26:22", "end": "00:26:28", "text": "uh JP Morgan,"}, {"start": "00:26:25", "end": "00:26:31", "text": "every 24 hours he's in the news talking"}, {"start": "00:26:28", "end": "00:26:33", "text": "about how much he hates Bitcoin or how"}, {"start": "00:26:31", "end": "00:26:35", "text": "much he hates uh the Clarity Act. And"}, {"start": "00:26:33", "end": "00:26:37", "text": "it's it's like, okay, we get it. Like"}, {"start": "00:26:35", "end": "00:26:38", "text": "you're you're corrupt and you're rich."}, {"start": "00:26:37", "end": "00:26:41", "text": "Like you don't want these things"}, {"start": "00:26:38", "end": "00:26:44", "text": "happening so you can make more money."}, {"start": "00:26:41", "end": "00:26:47", "text": "But basically, banks don't like stable"}, {"start": "00:26:44", "end": "00:26:50", "text": "coins. They don't like uh Coinbase or"}, {"start": "00:26:47", "end": "00:26:52", "text": "other companies having this power to be"}, {"start": "00:26:50", "end": "00:26:57", "text": "able to make their own digital dollars"}, {"start": "00:26:52", "end": "00:26:59", "text": "because we, you and I, have been reliant"}, {"start": "00:26:57", "end": "00:27:01", "text": "on the old system for as long as it's"}, {"start": "00:26:59", "end": "00:27:03", "text": "existed."}, {"start": "00:27:01", "end": "00:27:05", "text": "So, the fact that other companies can"}, {"start": "00:27:03", "end": "00:27:07", "text": "make their own, and they're quicker and"}, {"start": "00:27:05", "end": "00:27:10", "text": "faster, they run better, they have less"}, {"start": "00:27:07", "end": "00:27:13", "text": "friction, and they have lower fees,"}, {"start": "00:27:10", "end": "00:27:18", "text": "banks, Visa and Mastercard, aren't too"}, {"start": "00:27:13", "end": "00:27:22", "text": "excited at all. It says in March, Visa's"}, {"start": "00:27:18", "end": "00:27:25", "text": "head of crypto, Kui Sheffield, stated,"}, {"start": "00:27:22", "end": "00:27:28", "text": "\"Visa is committed to meeting businesses"}, {"start": "00:27:25", "end": "00:27:31", "text": "where they operate, and increasingly"}, {"start": "00:27:28", "end": "00:27:34", "text": "that's on chain.\" This milestone gives"}, {"start": "00:27:31", "end": "00:27:38", "text": "our partners greater choice in how they"}, {"start": "00:27:34", "end": "00:27:41", "text": "move value. Wallets including Phantom"}, {"start": "00:27:38", "end": "00:27:44", "text": "and MetaMask along with fintex like ramp"}, {"start": "00:27:41", "end": "00:27:46", "text": "and art aim"}, {"start": "00:27:44", "end": "00:27:48", "text": "a rm"}, {"start": "00:27:46", "end": "00:27:50", "text": "are among the participants using this"}, {"start": "00:27:48", "end": "00:27:52", "text": "infrastructure."}, {"start": "00:27:50", "end": "00:27:55", "text": "Visa's broader stablecoin pilot now has"}, {"start": "00:27:52", "end": "00:28:00", "text": "grown to approximately $7 billion in"}, {"start": "00:27:55", "end": "00:28:02", "text": "annualized volume and is now across nine"}, {"start": "00:28:00", "end": "00:28:06", "text": "different blockchains including"}, {"start": "00:28:02", "end": "00:28:09", "text": "Coinbase's base polygon Salana and"}, {"start": "00:28:06", "end": "00:28:11", "text": "Ethereum. The company also operates the"}, {"start": "00:28:09", "end": "00:28:14", "text": "Visa stablecoin platform for minting,"}, {"start": "00:28:11", "end": "00:28:17", "text": "burning and transacting stable coins"}, {"start": "00:28:14", "end": "00:28:19", "text": "with enterprise level performance. This"}, {"start": "00:28:17", "end": "00:28:21", "text": "is very weird because it it feels like"}, {"start": "00:28:19", "end": "00:28:25", "text": "we're definitely in the future and I"}, {"start": "00:28:21", "end": "00:28:27", "text": "wish more people uh understood or at"}, {"start": "00:28:25", "end": "00:28:29", "text": "least appreciated that in some sort of"}, {"start": "00:28:27", "end": "00:28:33", "text": "way. If you haven't seen the other"}, {"start": "00:28:29", "end": "00:28:36", "text": "videos as well, I do not know why. I"}, {"start": "00:28:33", "end": "00:28:39", "text": "don't know why um almost every single"}, {"start": "00:28:36", "end": "00:28:43", "text": "article for anything that I go over"}, {"start": "00:28:39", "end": "00:28:44", "text": "tends to always mention that this"}, {"start": "00:28:43", "end": "00:28:46", "text": "company, that company, that institution,"}, {"start": "00:28:44", "end": "00:28:49", "text": "that bank, that government, they're"}, {"start": "00:28:46", "end": "00:28:51", "text": "using multiple coins."}, {"start": "00:28:49", "end": "00:28:52", "text": "You with me? And then the other part"}, {"start": "00:28:51", "end": "00:28:56", "text": "actually ends up being they never"}, {"start": "00:28:52", "end": "00:28:58", "text": "mention all of them. Every single"}, {"start": "00:28:56", "end": "00:29:00", "text": "article, sorry for screaming, every"}, {"start": "00:28:58", "end": "00:29:02", "text": "single article that I find online,"}, {"start": "00:29:00", "end": "00:29:05", "text": "everything that I go over, they always"}, {"start": "00:29:02", "end": "00:29:10", "text": "me Visa is using nine blockchains."}, {"start": "00:29:05", "end": "00:29:12", "text": "This article only says four of them."}, {"start": "00:29:10", "end": "00:29:16", "text": "So sometimes I usually have to do more"}, {"start": "00:29:12", "end": "00:29:18", "text": "digging. Uh sometimes it's like um"}, {"start": "00:29:16", "end": "00:29:20", "text": "there's usually like two or three"}, {"start": "00:29:18", "end": "00:29:21", "text": "corporation chains. So like these"}, {"start": "00:29:20", "end": "00:29:23", "text": "companies make their own chains. is they"}, {"start": "00:29:21", "end": "00:29:25", "text": "say that they're decentralized, but they"}, {"start": "00:29:23", "end": "00:29:28", "text": "have complete control over it. In many"}, {"start": "00:29:25", "end": "00:29:31", "text": "cases, XRP usually ends up being one of"}, {"start": "00:29:28", "end": "00:29:34", "text": "them. XRP is also being used by"}, {"start": "00:29:31", "end": "00:29:37", "text": "Mastercard in their stable coin thing"}, {"start": "00:29:34", "end": "00:29:41", "text": "that they're doing. We heard Avalanche"}, {"start": "00:29:37", "end": "00:29:45", "text": "one time and Arbitum, maybe not Arbitum,"}, {"start": "00:29:41", "end": "00:29:47", "text": "but yeah. So, we continue in this"}, {"start": "00:29:45", "end": "00:29:49", "text": "direction of"}, {"start": "00:29:47", "end": "00:29:53", "text": "this is a personal thing. It feels like"}, {"start": "00:29:49", "end": "00:29:56", "text": "just non-stop good cryptocurrency news."}, {"start": "00:29:53", "end": "00:29:57", "text": "It doesn't appear to ever I I don't"}, {"start": "00:29:56", "end": "00:30:00", "text": "think it's ever going to be appreciated"}, {"start": "00:29:57", "end": "00:30:02", "text": "at all. Even even when Bitcoin's at a"}, {"start": "00:30:00", "end": "00:30:05", "text": "million dollars and we and we figure out"}, {"start": "00:30:02", "end": "00:30:06", "text": "that we did get to a $25,000 Ether"}, {"start": "00:30:05", "end": "00:30:09", "text": "because of all this news that we've been"}, {"start": "00:30:06", "end": "00:30:10", "text": "getting, it's still not going to feel"}, {"start": "00:30:09", "end": "00:30:11", "text": "like people are going to be like, \"Oh"}, {"start": "00:30:10", "end": "00:30:15", "text": "yeah, that makes that's pretty cool.\""}, {"start": "00:30:11", "end": "00:30:18", "text": "But alas, here we are. The old system is"}, {"start": "00:30:15", "end": "00:30:21", "text": "uh changing and disintegrating right in"}, {"start": "00:30:18", "end": "00:30:24", "text": "front of us. The dollar is uh falling"}, {"start": "00:30:21", "end": "00:30:25", "text": "apart. Inflation continues to rise."}, {"start": "00:30:24", "end": "00:30:27", "text": "Stable coins are being built on top of"}, {"start": "00:30:25", "end": "00:30:30", "text": "the chains that we've been going over"}, {"start": "00:30:27", "end": "00:30:32", "text": "for a number of years. And I'm still"}, {"start": "00:30:30", "end": "00:30:34", "text": "basically waiting"}, {"start": "00:30:32", "end": "00:30:36", "text": "on another billion people to realize"}, {"start": "00:30:34", "end": "00:30:40", "text": "this. But [sighs]"}, {"start": "00:30:36", "end": "00:30:42", "text": "alas, um hope you're all doing well."}, {"start": "00:30:40", "end": "00:30:44", "text": "How's everyone doing? What have you been"}, {"start": "00:30:42", "end": "00:30:48", "text": "investing in? What are you buying? What"}, {"start": "00:30:44", "end": "00:30:49", "text": "uh what looks good right now? As long as"}, {"start": "00:30:48", "end": "00:30:50", "text": "you're investing, I don't care. As long"}, {"start": "00:30:49", "end": "00:30:53", "text": "as you're buying something, that's the"}, {"start": "00:30:50", "end": "00:30:55", "text": "most important thing. Um I do hope that"}, {"start": "00:30:53", "end": "00:30:58", "text": "you've all enjoyed. I do hope you all"}, {"start": "00:30:55", "end": "00:31:00", "text": "are having a great day, a great morning,"}, {"start": "00:30:58", "end": "00:31:03", "text": "a great afternoon, a great evening,"}, {"start": "00:31:00", "end": "00:31:05", "text": "wherever you are, wherever you might be."}, {"start": "00:31:03", "end": "00:31:08", "text": "I do hope it's absolutely fantastic."}, {"start": "00:31:05", "end": "00:31:10", "text": "Thank you all once again for watching,"}, {"start": "00:31:08", "end": "00:31:13", "text": "listening, liking, commenting, and"}, {"start": "00:31:10", "end": "00:31:16", "text": "supporting. and I will"}, {"start": "00:31:13", "end": "00:31:19", "text": "most certainly be talking to you all"}, {"start": "00:31:16", "end": "00:31:22", "text": "soon."}, {"start": "00:31:19", "end": "00:31:22", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:08", "text": "Hello everybody."}, {"start": "00:00:04", "end": "00:00:12", "text": "Welcome back for another video. Hope"}, {"start": "00:00:08", "end": "00:00:15", "text": "you're all doing well. Hope that"}, {"start": "00:00:12", "end": "00:00:18", "text": "everyone out there is doing absolutely"}, {"start": "00:00:15", "end": "00:00:22", "text": "fantastic"}, {"start": "00:00:18", "end": "00:00:25", "text": "and that you're all having a great day."}, {"start": "00:00:22", "end": "00:00:29", "text": "I've just released a new book. It is"}, {"start": "00:00:25", "end": "00:00:33", "text": "called achieving financial freedom in 30"}, {"start": "00:00:29", "end": "00:00:37", "text": "days. It goes over, discusses, and"}, {"start": "00:00:33", "end": "00:00:40", "text": "teaches how to deal with money and how"}, {"start": "00:00:37", "end": "00:00:42", "text": "money works. For those of you interested"}, {"start": "00:00:40", "end": "00:00:45", "text": "in learning about money and how the rich"}, {"start": "00:00:42", "end": "00:00:49", "text": "stay rich, there is a link in the"}, {"start": "00:00:45", "end": "00:00:51", "text": "description below the"}, {"start": "00:00:49", "end": "00:00:55", "text": "video. Without Jeez Louise, that looks"}, {"start": "00:00:51", "end": "00:01:00", "text": "crazy. Without any further ado, uh let's"}, {"start": "00:00:55", "end": "00:01:06", "text": "jump right into it. Uh welcome back to"}, {"start": "00:01:00", "end": "00:01:08", "text": "the next swing upwards of optimism."}, {"start": "00:01:06", "end": "00:01:11", "text": "The last two weeks, we saw"}, {"start": "00:01:08", "end": "00:01:16", "text": "cryptocurrency prices kind of in a bit"}, {"start": "00:01:11", "end": "00:01:19", "text": "of a a rut, if you will, based off of"}, {"start": "00:01:16", "end": "00:01:24", "text": "news that we heard coincided with the"}, {"start": "00:01:19", "end": "00:01:27", "text": "fall in Zedcash, as well as uh what's"}, {"start": "00:01:24", "end": "00:01:30", "text": "the other one? uh the the selling by"}, {"start": "00:01:27", "end": "00:01:33", "text": "micro strategy if you weren't here. Uh"}, {"start": "00:01:30", "end": "00:01:36", "text": "those were named as the actual catalysts"}, {"start": "00:01:33", "end": "00:01:41", "text": "as to why Bitcoin and the wider"}, {"start": "00:01:36", "end": "00:01:44", "text": "cryptocurrency market uh fell in prices."}, {"start": "00:01:41", "end": "00:01:47", "text": "Since then, uh the news has kind of been"}, {"start": "00:01:44", "end": "00:01:51", "text": "back on the up and up. We are receiving"}, {"start": "00:01:47", "end": "00:01:52", "text": "a lot of news about uh potential growth"}, {"start": "00:01:51", "end": "00:01:55", "text": "in the market."}, {"start": "00:01:52", "end": "00:01:57", "text": "We've had, as usual, tons of companies"}, {"start": "00:01:55", "end": "00:01:59", "text": "announcing their support for the crypto"}, {"start": "00:01:57", "end": "00:02:02", "text": "space. We've had City Bank, we've had"}, {"start": "00:01:59", "end": "00:02:04", "text": "Visa, we've had Mastercard, we've I"}, {"start": "00:02:02", "end": "00:02:06", "text": "don't remember all these names, but uh"}, {"start": "00:02:04", "end": "00:02:09", "text": "everyone's launching a cryptocurrency"}, {"start": "00:02:06", "end": "00:02:14", "text": "trading desk. Everyone's launching their"}, {"start": "00:02:09", "end": "00:02:16", "text": "own Bitcoin andor altcoin ETF. We're"}, {"start": "00:02:14", "end": "00:02:19", "text": "mainly hearing Bitcoin and Ethereum, at"}, {"start": "00:02:16", "end": "00:02:22", "text": "least right now. And now the last few"}, {"start": "00:02:19", "end": "00:02:26", "text": "days, the news has kind of surrounded"}, {"start": "00:02:22", "end": "00:02:27", "text": "the idea of not only is Bitcoin"}, {"start": "00:02:26", "end": "00:02:30", "text": "undervalued,"}, {"start": "00:02:27", "end": "00:02:32", "text": "Bitcoin should be a lot higher in price,"}, {"start": "00:02:30", "end": "00:02:35", "text": "Bitcoin's about to move higher in price,"}, {"start": "00:02:32", "end": "00:02:37", "text": "and a lot of people are releasing uh"}, {"start": "00:02:35", "end": "00:02:39", "text": "charts. I'm not sure if you've seen them"}, {"start": "00:02:37", "end": "00:02:42", "text": "depending on where you are on the"}, {"start": "00:02:39", "end": "00:02:45", "text": "internet. Uh but they revolve around one"}, {"start": "00:02:42", "end": "00:02:49", "text": "or two things. This is this is it."}, {"start": "00:02:45", "end": "00:02:52", "text": "either prices are going to go a lot"}, {"start": "00:02:49", "end": "00:02:55", "text": "higher immediately like we are waiting"}, {"start": "00:02:52", "end": "00:02:59", "text": "for basically prices to recover Bitcoin"}, {"start": "00:02:55", "end": "00:03:03", "text": "to go above $100,000"}, {"start": "00:02:59", "end": "00:03:06", "text": "or we are officially uh still in and"}, {"start": "00:03:03", "end": "00:03:09", "text": "never really left the 4-year cycle."}, {"start": "00:03:06", "end": "00:03:12", "text": "Those charts basically show that by the"}, {"start": "00:03:09", "end": "00:03:14", "text": "time we are ending summer that the"}, {"start": "00:03:12", "end": "00:03:18", "text": "cryptocurrency market would be moving"}, {"start": "00:03:14", "end": "00:03:21", "text": "back up and we'd be basically at the"}, {"start": "00:03:18", "end": "00:03:25", "text": "second part of the 4-year cycle which is"}, {"start": "00:03:21", "end": "00:03:28", "text": "crypto market recovery into the having"}, {"start": "00:03:25", "end": "00:03:31", "text": "and then into the year after the having"}, {"start": "00:03:28", "end": "00:03:33", "text": "which would then be the uh the top of"}, {"start": "00:03:31", "end": "00:03:35", "text": "the market and then subsequently the"}, {"start": "00:03:33", "end": "00:03:40", "text": "prices going back down. That's at least"}, {"start": "00:03:35", "end": "00:03:43", "text": "the news that we've recently been uh"}, {"start": "00:03:40", "end": "00:03:48", "text": "receiving. So, of course, in very"}, {"start": "00:03:43", "end": "00:03:48", "text": "popular news today,"}, {"start": "00:03:48", "end": "00:03:54", "text": "uh like I said, everyone, and I"}, {"start": "00:03:51", "end": "00:03:57", "text": "appreciate it. I I don't mind it at all."}, {"start": "00:03:54", "end": "00:03:59", "text": "Everyone is announcing that they have"}, {"start": "00:03:57", "end": "00:04:01", "text": "some information. They have a chart."}, {"start": "00:03:59", "end": "00:04:04", "text": "Theirs is showing something. Their"}, {"start": "00:04:01", "end": "00:04:06", "text": "metrics are indicating this. And it's"}, {"start": "00:04:04", "end": "00:04:11", "text": "kind of looping around the same exact"}, {"start": "00:04:06", "end": "00:04:14", "text": "idea once again that Bitcoin apparently"}, {"start": "00:04:11", "end": "00:04:17", "text": "currently is too cheap and that we're"}, {"start": "00:04:14", "end": "00:04:20", "text": "about to see some kind of decisive next"}, {"start": "00:04:17", "end": "00:04:24", "text": "move in Bitcoin's"}, {"start": "00:04:20", "end": "00:04:27", "text": "uh price. Uh so this one is from"}, {"start": "00:04:24", "end": "00:04:31", "text": "Grayscale. It says Bitcoin valuation"}, {"start": "00:04:27", "end": "00:04:35", "text": "metrics suggest that Bitcoin may be"}, {"start": "00:04:31", "end": "00:04:38", "text": "undervalued and Grayscale said"}, {"start": "00:04:35", "end": "00:04:42", "text": "we believe that this bare market may be"}, {"start": "00:04:38", "end": "00:04:45", "text": "shallower than in the past given a more"}, {"start": "00:04:42", "end": "00:04:48", "text": "muted preceding bull market as well as"}, {"start": "00:04:45", "end": "00:04:51", "text": "improvements in market structure from"}, {"start": "00:04:48", "end": "00:04:53", "text": "ETP availability,"}, {"start": "00:04:51", "end": "00:04:56", "text": "wealth platform deployment and other"}, {"start": "00:04:53", "end": "00:04:59", "text": "types of institution. initutional"}, {"start": "00:04:56", "end": "00:05:02", "text": "adoption. This goes into the discussion"}, {"start": "00:04:59", "end": "00:05:07", "text": "that we had last year uh sometime around"}, {"start": "00:05:02", "end": "00:05:09", "text": "also summer. Ironically enough of 2025."}, {"start": "00:05:07", "end": "00:05:12", "text": "Uh people were wondering if the"}, {"start": "00:05:09", "end": "00:05:14", "text": "cryptocurrency market would begin to"}, {"start": "00:05:12", "end": "00:05:18", "text": "fall again as you know is typical for"}, {"start": "00:05:14", "end": "00:05:20", "text": "the 4-year cycle having in 2024 market"}, {"start": "00:05:18", "end": "00:05:22", "text": "go up 2025"}, {"start": "00:05:20", "end": "00:05:25", "text": "prices also begin to fall down end of"}, {"start": "00:05:22", "end": "00:05:27", "text": "2025. That was the general idea. And we"}, {"start": "00:05:25", "end": "00:05:28", "text": "began to hear from companies and"}, {"start": "00:05:27", "end": "00:05:32", "text": "institutions"}, {"start": "00:05:28", "end": "00:05:36", "text": "that any uh market downturn, any bare"}, {"start": "00:05:32", "end": "00:05:38", "text": "market, any crypto winter uh would be"}, {"start": "00:05:36", "end": "00:05:41", "text": "short-lived. In this term, it would be"}, {"start": "00:05:38", "end": "00:05:43", "text": "shallower simply because of the levels"}, {"start": "00:05:41", "end": "00:05:46", "text": "of accumulation. Uh historically the way"}, {"start": "00:05:43", "end": "00:05:49", "text": "that things have worked is if it's just"}, {"start": "00:05:46", "end": "00:05:51", "text": "me, you and us in the market and the big"}, {"start": "00:05:49", "end": "00:05:52", "text": "wigs aren't here yet and everyone's"}, {"start": "00:05:51", "end": "00:05:54", "text": "buying into the market, the prices are"}, {"start": "00:05:52", "end": "00:05:56", "text": "going up and then at some point prices"}, {"start": "00:05:54", "end": "00:05:58", "text": "begin to fall. People sell into the"}, {"start": "00:05:56", "end": "00:06:01", "text": "market, the price goes down and then we"}, {"start": "00:05:58", "end": "00:06:03", "text": "have to wait for proper movement back"}, {"start": "00:06:01", "end": "00:06:07", "text": "upward and retail to get back into the"}, {"start": "00:06:03", "end": "00:06:11", "text": "market. But now we've seen"}, {"start": "00:06:07", "end": "00:06:14", "text": "that anytime retail investors have sold,"}, {"start": "00:06:11", "end": "00:06:17", "text": "if we've had a twoe period where prices"}, {"start": "00:06:14", "end": "00:06:19", "text": "have gone down, usually the market does"}, {"start": "00:06:17", "end": "00:06:21", "text": "begin to move back up. We get"}, {"start": "00:06:19", "end": "00:06:24", "text": "information from on the onchain"}, {"start": "00:06:21", "end": "00:06:27", "text": "analytical companies who basically"}, {"start": "00:06:24", "end": "00:06:29", "text": "inform us that those coins, those exact"}, {"start": "00:06:27", "end": "00:06:31", "text": "coins that were sold, they were"}, {"start": "00:06:29", "end": "00:06:33", "text": "accumulated"}, {"start": "00:06:31", "end": "00:06:36", "text": "explicitly by all the companies within"}, {"start": "00:06:33", "end": "00:06:38", "text": "the space who were like, \"Yeah, so we"}, {"start": "00:06:36", "end": "00:06:40", "text": "just bought 48,000 new Bitcoin.\" And"}, {"start": "00:06:38", "end": "00:06:42", "text": "then we'd hear about it in the news."}, {"start": "00:06:40", "end": "00:06:44", "text": "Prices would go back up. Everyone would"}, {"start": "00:06:42", "end": "00:06:47", "text": "be excited and everyone's waiting for"}, {"start": "00:06:44", "end": "00:06:51", "text": "the next leg up higher. There is there"}, {"start": "00:06:47", "end": "00:06:55", "text": "is there is there is there is uh a huge"}, {"start": "00:06:51", "end": "00:06:56", "text": "feeling sense of a market manipulation"}, {"start": "00:06:55", "end": "00:07:00", "text": "at this point in time for the"}, {"start": "00:06:56", "end": "00:07:02", "text": "cryptocurrency space just based off of"}, {"start": "00:07:00", "end": "00:07:05", "text": "pure logic. We're getting a lot of"}, {"start": "00:07:02", "end": "00:07:07", "text": "different ideas regarding the Clarity"}, {"start": "00:07:05", "end": "00:07:09", "text": "Act, regarding uh interest rates,"}, {"start": "00:07:07", "end": "00:07:10", "text": "regarding this thing happening in the"}, {"start": "00:07:09", "end": "00:07:13", "text": "news and all these other types of"}, {"start": "00:07:10", "end": "00:07:15", "text": "things. But"}, {"start": "00:07:13", "end": "00:07:18", "text": "relative to the news that we've been"}, {"start": "00:07:15", "end": "00:07:21", "text": "getting, it appears that the companies"}, {"start": "00:07:18", "end": "00:07:24", "text": "and institutions believe that Bitcoin is"}, {"start": "00:07:21", "end": "00:07:27", "text": "undervalued and that there is we had the"}, {"start": "00:07:24", "end": "00:07:28", "text": "the this was yesterday. There was a"}, {"start": "00:07:27", "end": "00:07:34", "text": "discussion about the idea of paper"}, {"start": "00:07:28", "end": "00:07:37", "text": "Bitcoin, the idea of ETFs uh basically"}, {"start": "00:07:34", "end": "00:07:40", "text": "hampering, how would you put this? any"}, {"start": "00:07:37", "end": "00:07:42", "text": "kind of demand that would normally raise"}, {"start": "00:07:40", "end": "00:07:45", "text": "prices is kind of being absorbed by the"}, {"start": "00:07:42", "end": "00:07:47", "text": "ETFs themselves. And the analyst"}, {"start": "00:07:45", "end": "00:07:50", "text": "yesterday was saying that this doesn't"}, {"start": "00:07:47", "end": "00:07:54", "text": "and cannot last forever. So, he's also"}, {"start": "00:07:50", "end": "00:07:57", "text": "anticipating a a bounce in prices."}, {"start": "00:07:54", "end": "00:08:01", "text": "The valuation model combines three"}, {"start": "00:07:57", "end": "00:08:04", "text": "onchain indicators. They are net"}, {"start": "00:08:01", "end": "00:08:07", "text": "unrealized profit and loss. Uh this"}, {"start": "00:08:04", "end": "00:08:09", "text": "measures whether holders are sitting on"}, {"start": "00:08:07", "end": "00:08:11", "text": "gains or losses."}, {"start": "00:08:09", "end": "00:08:15", "text": "Something called a price cumulative"}, {"start": "00:08:11", "end": "00:08:17", "text": "value days destroyed. That sounds"}, {"start": "00:08:15", "end": "00:08:19", "text": "intense. Called CVDD"}, {"start": "00:08:17", "end": "00:08:21", "text": "which compares Bitcoin's price with a"}, {"start": "00:08:19", "end": "00:08:26", "text": "long-term value benchmark based on the"}, {"start": "00:08:21", "end": "00:08:28", "text": "movement of longheld coins. Market cap"}, {"start": "00:08:26", "end": "00:08:31", "text": "and thermo cap compares Bitcoin's market"}, {"start": "00:08:28", "end": "00:08:33", "text": "value with cumulative mining"}, {"start": "00:08:31", "end": "00:08:37", "text": "revenue."}, {"start": "00:08:33", "end": "00:08:40", "text": "The first is the fate of the Clarity Act"}, {"start": "00:08:37", "end": "00:08:42", "text": "in the United States. Gayscale frames"}, {"start": "00:08:40", "end": "00:08:45", "text": "the legislation"}, {"start": "00:08:42", "end": "00:08:48", "text": "as a nearterm catalyst that could"}, {"start": "00:08:45", "end": "00:08:51", "text": "influence how investors assess"}, {"start": "00:08:48", "end": "00:08:53", "text": "regulatory risk in digital assets. If"}, {"start": "00:08:51", "end": "00:08:56", "text": "you haven't been here the last couple of"}, {"start": "00:08:53", "end": "00:09:01", "text": "months, this has"}, {"start": "00:08:56", "end": "00:09:05", "text": "we have had a far too much news about"}, {"start": "00:09:01", "end": "00:09:08", "text": "the Clarity Act. There's constantly a a"}, {"start": "00:09:05", "end": "00:09:11", "text": "spot on the wall that we as crypto"}, {"start": "00:09:08", "end": "00:09:15", "text": "investors are told to look at and this"}, {"start": "00:09:11", "end": "00:09:18", "text": "one is currently the Clarity Act."}, {"start": "00:09:15", "end": "00:09:22", "text": "The long and short of this 800page"}, {"start": "00:09:18", "end": "00:09:25", "text": "document is that companies outside and"}, {"start": "00:09:22", "end": "00:09:29", "text": "inside the cryptocurrency space"}, {"start": "00:09:25", "end": "00:09:32", "text": "would receive clarity as to what they"}, {"start": "00:09:29", "end": "00:09:34", "text": "can and they can't do. It would allow"}, {"start": "00:09:32", "end": "00:09:37", "text": "banks to know what the metrics are for"}, {"start": "00:09:34", "end": "00:09:41", "text": "stable coins. It would allow Facebook"}, {"start": "00:09:37", "end": "00:09:44", "text": "and Amazon and Walmart to create their"}, {"start": "00:09:41", "end": "00:09:46", "text": "own coins. this is all real. And it"}, {"start": "00:09:44", "end": "00:09:48", "text": "would let them know exactly how the coin"}, {"start": "00:09:46", "end": "00:09:51", "text": "had to be created, what you need to do"}, {"start": "00:09:48", "end": "00:09:53", "text": "to create the coin, what the parameters"}, {"start": "00:09:51", "end": "00:09:55", "text": "are, who could own this coin, how it"}, {"start": "00:09:53", "end": "00:09:57", "text": "could be distributed."}, {"start": "00:09:55", "end": "00:09:59", "text": "But for some reason, the news that we've"}, {"start": "00:09:57", "end": "00:10:02", "text": "heard"}, {"start": "00:09:59", "end": "00:10:05", "text": "is apparently the Clarity Act um isn't"}, {"start": "00:10:02", "end": "00:10:07", "text": "very liked by banks. they do not care"}, {"start": "00:10:05", "end": "00:10:11", "text": "for it because it would basically allow"}, {"start": "00:10:07", "end": "00:10:13", "text": "all companies legally to be able to"}, {"start": "00:10:11", "end": "00:10:16", "text": "create their own coin that could be"}, {"start": "00:10:13", "end": "00:10:18", "text": "better than what the banks are offering."}, {"start": "00:10:16", "end": "00:10:21", "text": "So, if your bank is offering you half of"}, {"start": "00:10:18", "end": "00:10:23", "text": "a percent on the money inside of your"}, {"start": "00:10:21", "end": "00:10:26", "text": "bank account and Facebook announces that"}, {"start": "00:10:23", "end": "00:10:30", "text": "they're offering 5% on the money held in"}, {"start": "00:10:26", "end": "00:10:32", "text": "your Facebook wallet, the fear for the"}, {"start": "00:10:30", "end": "00:10:35", "text": "banks is that people would of course"}, {"start": "00:10:32", "end": "00:10:37", "text": "move over to the company offering them"}, {"start": "00:10:35", "end": "00:10:41", "text": "the higher return. These these people"}, {"start": "00:10:37", "end": "00:10:43", "text": "scream out the idea free market, free"}, {"start": "00:10:41", "end": "00:10:45", "text": "market, free market. But when it's not"}, {"start": "00:10:43", "end": "00:10:49", "text": "good for them, this is when they get"}, {"start": "00:10:45", "end": "00:10:51", "text": "quite angry. So, we've been told since"}, {"start": "00:10:49", "end": "00:10:53", "text": "last year"}, {"start": "00:10:51", "end": "00:10:57", "text": "that this would be the catalyst for"}, {"start": "00:10:53", "end": "00:11:00", "text": "crypto becoming officially mainstream."}, {"start": "00:10:57", "end": "00:11:03", "text": "The secondary part is that the higherups"}, {"start": "00:11:00", "end": "00:11:06", "text": "within the crypto market have told us as"}, {"start": "00:11:03", "end": "00:11:08", "text": "well that this passing, this act going"}, {"start": "00:11:06", "end": "00:11:11", "text": "through and being signed by the"}, {"start": "00:11:08", "end": "00:11:14", "text": "president would ensure cryptocurrency"}, {"start": "00:11:11", "end": "00:11:17", "text": "prices to"}, {"start": "00:11:14", "end": "00:11:19", "text": "skyrocket by the end of this year. By"}, {"start": "00:11:17", "end": "00:11:22", "text": "the time we get to 2030, we have a"}, {"start": "00:11:19", "end": "00:11:25", "text": "million dollar Bitcoin. This is all this"}, {"start": "00:11:22", "end": "00:11:28", "text": "is this isn't a joke. This has been put"}, {"start": "00:11:25", "end": "00:11:31", "text": "on the on the table as this will all"}, {"start": "00:11:28", "end": "00:11:34", "text": "happen only if we get the Clarity Act."}, {"start": "00:11:31", "end": "00:11:36", "text": "And I told you all before we'll be fine"}, {"start": "00:11:34", "end": "00:11:39", "text": "without it, but they're making it seem"}, {"start": "00:11:36", "end": "00:11:41", "text": "like this is the best thing to ever"}, {"start": "00:11:39", "end": "00:11:44", "text": "happen to crypto."}, {"start": "00:11:41", "end": "00:11:46", "text": "The Clarity Act would establish a"}, {"start": "00:11:44", "end": "00:11:50", "text": "federal market structure for digital"}, {"start": "00:11:46", "end": "00:11:51", "text": "assets, including rules for token"}, {"start": "00:11:50", "end": "00:11:53", "text": "classifications,"}, {"start": "00:11:51", "end": "00:11:57", "text": "exchanges,"}, {"start": "00:11:53", "end": "00:12:01", "text": "brokers, custody, and disclosures."}, {"start": "00:11:57", "end": "00:12:02", "text": "The US House passed the measure in 2025"}, {"start": "00:12:01", "end": "00:12:05", "text": "and the Senate Banking Committee"}, {"start": "00:12:02", "end": "00:12:08", "text": "advanced it in a bipartisan vote in May."}, {"start": "00:12:05", "end": "00:12:11", "text": "The bill still requires approval from"}, {"start": "00:12:08", "end": "00:12:12", "text": "the full Senate. And then they keep"}, {"start": "00:12:11", "end": "00:12:14", "text": "going on. They talk about leveraged"}, {"start": "00:12:12", "end": "00:12:17", "text": "Bitcoin holders. It keeps it keeps going"}, {"start": "00:12:14", "end": "00:12:20", "text": "on. They have a lot to uh say. And they"}, {"start": "00:12:17", "end": "00:12:23", "text": "also, for what it's worth, they say uh"}, {"start": "00:12:20", "end": "00:12:24", "text": "they remain optimistic about the Clarity"}, {"start": "00:12:23", "end": "00:12:28", "text": "Act. Uh but they don't really care for"}, {"start": "00:12:24", "end": "00:12:31", "text": "prediction markets. If you haven't seen"}, {"start": "00:12:28", "end": "00:12:34", "text": "um this is just a word of advice, uh"}, {"start": "00:12:31", "end": "00:12:36", "text": "prediction markets are"}, {"start": "00:12:34", "end": "00:12:40", "text": "one of the biggest scams that the world"}, {"start": "00:12:36", "end": "00:12:45", "text": "has ever uh viewed simply because uh it"}, {"start": "00:12:40", "end": "00:12:50", "text": "it like it requires insider trading."}, {"start": "00:12:45", "end": "00:12:52", "text": "So take that how you will. Um yeah,"}, {"start": "00:12:50", "end": "00:12:54", "text": "everyone is in some form or fashion"}, {"start": "00:12:52", "end": "00:12:55", "text": "talking about the crypto market's next"}, {"start": "00:12:54", "end": "00:12:59", "text": "move, what they think is going to"}, {"start": "00:12:55", "end": "00:13:01", "text": "happen. There's nothing necessarily"}, {"start": "00:12:59", "end": "00:13:04", "text": "or dare I say"}, {"start": "00:13:01", "end": "00:13:07", "text": "inherently negative currently"}, {"start": "00:13:04", "end": "00:13:09", "text": "um about what's happening or what these"}, {"start": "00:13:07", "end": "00:13:12", "text": "people are thinking. Everything kind of"}, {"start": "00:13:09", "end": "00:13:14", "text": "revolves around this idea of Bitcoin"}, {"start": "00:13:12", "end": "00:13:16", "text": "bottoming out. Bitcoin has already"}, {"start": "00:13:14", "end": "00:13:18", "text": "bottomed. Bitcoin looks like it's going"}, {"start": "00:13:16", "end": "00:13:20", "text": "to go higher and we don't think"}, {"start": "00:13:18", "end": "00:13:23", "text": "Bitcoin's price is going to go any this"}, {"start": "00:13:20", "end": "00:13:25", "text": "kind of this kind of thing tying"}, {"start": "00:13:23", "end": "00:13:28", "text": "directly"}, {"start": "00:13:25", "end": "00:13:30", "text": "into this"}, {"start": "00:13:28", "end": "00:13:33", "text": "uh is information from a company called"}, {"start": "00:13:30", "end": "00:13:35", "text": "uh 10X Research. We've heard about them"}, {"start": "00:13:33", "end": "00:13:38", "text": "over the years. Uh they used to be a lot"}, {"start": "00:13:35", "end": "00:13:41", "text": "more popular. 10X Research uh what was"}, {"start": "00:13:38", "end": "00:13:43", "text": "the other one? Oh gosh, Weiss Ratings."}, {"start": "00:13:41", "end": "00:13:45", "text": "And there was another one like three,"}, {"start": "00:13:43", "end": "00:13:46", "text": "four, five years ago. So they were"}, {"start": "00:13:45", "end": "00:13:48", "text": "constantly in the news. They were"}, {"start": "00:13:46", "end": "00:13:51", "text": "usually I don't want to say one of the"}, {"start": "00:13:48", "end": "00:13:53", "text": "authorities, but they were typically one"}, {"start": "00:13:51", "end": "00:13:55", "text": "of the names that we constantly heard"}, {"start": "00:13:53", "end": "00:13:56", "text": "about like the happenings within the"}, {"start": "00:13:55", "end": "00:14:00", "text": "cryptocurrency"}, {"start": "00:13:56", "end": "00:14:02", "text": "market space and prices."}, {"start": "00:14:00", "end": "00:14:06", "text": "It says recent turbulence in the Bitcoin"}, {"start": "00:14:02", "end": "00:14:09", "text": "market is being driven by macroeconomic"}, {"start": "00:14:06", "end": "00:14:12", "text": "pressures rather than existential"}, {"start": "00:14:09", "end": "00:14:16", "text": "threats from quantum computing or shifts"}, {"start": "00:14:12", "end": "00:14:18", "text": "in AI related investment flows."}, {"start": "00:14:16", "end": "00:14:22", "text": "According to a new analysis from crypto"}, {"start": "00:14:18", "end": "00:14:25", "text": "firm 10x Research, you probably weren't"}, {"start": "00:14:22", "end": "00:14:27", "text": "here about 3 weeks ago. We had a bit of"}, {"start": "00:14:25", "end": "00:14:28", "text": "a doozy. Everyone for some reason was"}, {"start": "00:14:27", "end": "00:14:31", "text": "announcing that crypto was going to"}, {"start": "00:14:28", "end": "00:14:34", "text": "collapse because"}, {"start": "00:14:31", "end": "00:14:36", "text": "of uh quantum computing. I believed then"}, {"start": "00:14:34", "end": "00:14:38", "text": "and I still believe now that it is based"}, {"start": "00:14:36", "end": "00:14:41", "text": "off of fear-mongering because out of"}, {"start": "00:14:38", "end": "00:14:44", "text": "nowhere every single coin, every single"}, {"start": "00:14:41", "end": "00:14:46", "text": "project uh began to announce that they"}, {"start": "00:14:44", "end": "00:14:48", "text": "are going to make their project quantum"}, {"start": "00:14:46", "end": "00:14:50", "text": "ready. We heard it from Ripple. We heard"}, {"start": "00:14:48", "end": "00:14:52", "text": "it from the Ethereum Foundation. We"}, {"start": "00:14:50", "end": "00:14:55", "text": "heard it from the people from Cardano."}, {"start": "00:14:52", "end": "00:15:00", "text": "And then no one mentioned it anymore."}, {"start": "00:14:55", "end": "00:15:00", "text": "and we haven't heard a word from it."}, {"start": "00:15:00", "end": "00:15:05", "text": "The firm's latest report seeks to"}, {"start": "00:15:03", "end": "00:15:09", "text": "contextualize to events that have"}, {"start": "00:15:05", "end": "00:15:11", "text": "unnerved some traders growing chatter"}, {"start": "00:15:09", "end": "00:15:14", "text": "about quantum computing's potential to"}, {"start": "00:15:11", "end": "00:15:16", "text": "disrupt blockchain security and a"}, {"start": "00:15:14", "end": "00:15:19", "text": "notable sale by corporate holder Micro"}, {"start": "00:15:16", "end": "00:15:21", "text": "Strategy. As I told you, this is now two"}, {"start": "00:15:19", "end": "00:15:23", "text": "weeks ago or something like that. the"}, {"start": "00:15:21", "end": "00:15:26", "text": "the the fact that Micro Strategy I think"}, {"start": "00:15:23", "end": "00:15:29", "text": "and I I think they only"}, {"start": "00:15:26", "end": "00:15:32", "text": "sold 32 Bitcoin but it doesn't sit right"}, {"start": "00:15:29", "end": "00:15:33", "text": "in the minds of investors and I told you"}, {"start": "00:15:32", "end": "00:15:35", "text": "it was going to be a big topic of"}, {"start": "00:15:33", "end": "00:15:37", "text": "discussion and this is why everyone"}, {"start": "00:15:35", "end": "00:15:41", "text": "keeps mentioning it over and over"}, {"start": "00:15:37", "end": "00:15:43", "text": "because they hold over 800,000 Bitcoin."}, {"start": "00:15:41", "end": "00:15:46", "text": "If they can't meet their financial"}, {"start": "00:15:43", "end": "00:15:48", "text": "obligations and they owe back $60"}, {"start": "00:15:46", "end": "00:15:50", "text": "billion, they'll have to sell Bitcoin."}, {"start": "00:15:48", "end": "00:15:52", "text": "If they sell Bitcoin, other companies"}, {"start": "00:15:50", "end": "00:15:53", "text": "sell Bitcoin, then the cascade"}, {"start": "00:15:52", "end": "00:15:57", "text": "continues."}, {"start": "00:15:53", "end": "00:15:59", "text": "10X research argues that the primary"}, {"start": "00:15:57", "end": "00:16:02", "text": "driver of Bitcoin's recent price"}, {"start": "00:15:59", "end": "00:16:05", "text": "weakness is the broader macroeconomic"}, {"start": "00:16:02", "end": "00:16:08", "text": "environment, including persistent"}, {"start": "00:16:05", "end": "00:16:10", "text": "inflation concerns and shifting"}, {"start": "00:16:08", "end": "00:16:13", "text": "expectations around interest rate"}, {"start": "00:16:10", "end": "00:16:16", "text": "policy. I think a couple of banks around"}, {"start": "00:16:13", "end": "00:16:17", "text": "the world just rose. I think it was the"}, {"start": "00:16:16", "end": "00:16:21", "text": "European Central Bank just rose their"}, {"start": "00:16:17", "end": "00:16:23", "text": "interest rates. There are fears that the"}, {"start": "00:16:21", "end": "00:16:25", "text": "Japanese central bank will continue"}, {"start": "00:16:23", "end": "00:16:29", "text": "raising their interest rate over the"}, {"start": "00:16:25", "end": "00:16:30", "text": "course of the year. If you don't know,"}, {"start": "00:16:29", "end": "00:16:33", "text": "uh the Japanese central bank has"}, {"start": "00:16:30", "end": "00:16:39", "text": "historically been the place where uh"}, {"start": "00:16:33", "end": "00:16:44", "text": "people were taking out loans at at 0%."}, {"start": "00:16:39", "end": "00:16:47", "text": "not one, zero. So the idea of this like"}, {"start": "00:16:44", "end": "00:16:50", "text": "free money coming to an end is also"}, {"start": "00:16:47", "end": "00:16:51", "text": "beginning to spook markets. If the Fed"}, {"start": "00:16:50", "end": "00:16:53", "text": "raises interest rates and then they do"}, {"start": "00:16:51", "end": "00:16:55", "text": "it over the course of the year,"}, {"start": "00:16:53", "end": "00:16:57", "text": "[clears throat] if the Japanese central"}, {"start": "00:16:55", "end": "00:17:00", "text": "bank does it, the European Central Bank,"}, {"start": "00:16:57", "end": "00:17:01", "text": "then basically once again this is"}, {"start": "00:17:00", "end": "00:17:04", "text": "essentially what it is. It is a flow of"}, {"start": "00:17:01", "end": "00:17:06", "text": "free money with no interest or very"}, {"start": "00:17:04", "end": "00:17:09", "text": "little interest on top of it. people"}, {"start": "00:17:06", "end": "00:17:11", "text": "begin to panic and then things start to"}, {"start": "00:17:09", "end": "00:17:13", "text": "uh fall apart. Inflation is also very"}, {"start": "00:17:11", "end": "00:17:16", "text": "bad. We don't have to go over that one"}, {"start": "00:17:13", "end": "00:17:19", "text": "again, but it's worse than you actually"}, {"start": "00:17:16", "end": "00:17:21", "text": "think. Um the firm explicitly downplayed"}, {"start": "00:17:19", "end": "00:17:24", "text": "the narrative that fears over quantum"}, {"start": "00:17:21", "end": "00:17:26", "text": "computing, a technology still years away"}, {"start": "00:17:24", "end": "00:17:29", "text": "from posing a credible threat to"}, {"start": "00:17:26", "end": "00:17:31", "text": "cryptographic systems or a meaningful"}, {"start": "00:17:29", "end": "00:17:33", "text": "factor in the current sell-off. The"}, {"start": "00:17:31", "end": "00:17:36", "text": "analysis categorizes such concerns as"}, {"start": "00:17:33", "end": "00:17:39", "text": "noise that distract from the real forces"}, {"start": "00:17:36", "end": "00:17:41", "text": "at play in the market. The analysis"}, {"start": "00:17:39", "end": "00:17:44", "text": "suggests that the market is currently in"}, {"start": "00:17:41", "end": "00:17:46", "text": "a bottoming phase, a period of"}, {"start": "00:17:44", "end": "00:17:50", "text": "consolidation and reaccumulation that"}, {"start": "00:17:46", "end": "00:17:53", "text": "historically precedes a new bull cycle."}, {"start": "00:17:50", "end": "00:17:54", "text": "10x research emphasizes that such"}, {"start": "00:17:53", "end": "00:17:56", "text": "rallies do not begin with the same"}, {"start": "00:17:54", "end": "00:17:58", "text": "narratives or participants that drove"}, {"start": "00:17:56", "end": "00:18:00", "text": "the previous cycle. Instead, they are"}, {"start": "00:17:58", "end": "00:18:02", "text": "typically fueled by new investors"}, {"start": "00:18:00", "end": "00:18:05", "text": "entering the space and fresh narratives"}, {"start": "00:18:02", "end": "00:18:07", "text": "that cra capture good job that [snorts]"}, {"start": "00:18:05", "end": "00:18:09", "text": "capture the imagination of the market."}, {"start": "00:18:07", "end": "00:18:11", "text": "The firm's outlook while cautious in the"}, {"start": "00:18:09", "end": "00:18:13", "text": "near term remains constructive on"}, {"start": "00:18:11", "end": "00:18:16", "text": "Bitcoin's long-term"}, {"start": "00:18:13", "end": "00:18:18", "text": "trajectory. Yeah, we had something"}, {"start": "00:18:16", "end": "00:18:20", "text": "yesterday that said that Bitcoin appears"}, {"start": "00:18:18", "end": "00:18:22", "text": "to have bottomed out. What was the other"}, {"start": "00:18:20", "end": "00:18:24", "text": "thing? there was some other I don't"}, {"start": "00:18:22", "end": "00:18:26", "text": "remember what it is but um a lot of the"}, {"start": "00:18:24", "end": "00:18:29", "text": "indicators are pointing to this idea of"}, {"start": "00:18:26", "end": "00:18:31", "text": "us being in a brand new bull cycle. We"}, {"start": "00:18:29", "end": "00:18:34", "text": "heard this two months ago"}, {"start": "00:18:31", "end": "00:18:38", "text": "somewhere around there from Tom Lee and"}, {"start": "00:18:34", "end": "00:18:41", "text": "um Kathy Wood who also and once again I"}, {"start": "00:18:38", "end": "00:18:44", "text": "say this in a very nice manner that"}, {"start": "00:18:41", "end": "00:18:46", "text": "prices were going to go higher and I do"}, {"start": "00:18:44", "end": "00:18:48", "text": "believe that they meant it with well"}, {"start": "00:18:46", "end": "00:18:51", "text": "intentions as we are hearing all these"}, {"start": "00:18:48", "end": "00:18:54", "text": "banks, companies, institutions,"}, {"start": "00:18:51", "end": "00:18:56", "text": "governments buying up huge amounts of"}, {"start": "00:18:54", "end": "00:18:59", "text": "Bitcoin. We've we have been getting that"}, {"start": "00:18:56", "end": "00:19:02", "text": "news. all these companies announcing new"}, {"start": "00:18:59", "end": "00:19:04", "text": "Bitcoin and Ethereum ETFs and this and"}, {"start": "00:19:02", "end": "00:19:07", "text": "that and derivatives and so and so, it"}, {"start": "00:19:04", "end": "00:19:09", "text": "is only likely that one would gather"}, {"start": "00:19:07", "end": "00:19:11", "text": "that prices would rise higher. We ended"}, {"start": "00:19:09", "end": "00:19:13", "text": "up falling lower in price and it's"}, {"start": "00:19:11", "end": "00:19:15", "text": "because of a number of narratives that"}, {"start": "00:19:13", "end": "00:19:19", "text": "are also being thrown at the crypto"}, {"start": "00:19:15", "end": "00:19:22", "text": "market. The heaviest ones being ZedCash,"}, {"start": "00:19:19", "end": "00:19:26", "text": "uh the AI thing, Micro Strategy selling"}, {"start": "00:19:22", "end": "00:19:31", "text": "inflation, and the potential not seeing"}, {"start": "00:19:26", "end": "00:19:33", "text": "of the Clarity Act. Uh we heard that the"}, {"start": "00:19:31", "end": "00:19:38", "text": "Clarity Act was being aimed to be signed"}, {"start": "00:19:33", "end": "00:19:39", "text": "on the uh 4th of July and as of right"}, {"start": "00:19:38", "end": "00:19:42", "text": "now,"}, {"start": "00:19:39", "end": "00:19:45", "text": "a lot of people who who was it? I think"}, {"start": "00:19:42", "end": "00:19:48", "text": "was it it was Wells Fargo and another"}, {"start": "00:19:45", "end": "00:19:50", "text": "bank. Got to remember uh they said it's"}, {"start": "00:19:48", "end": "00:19:54", "text": "it's not looking too hot. They're not"}, {"start": "00:19:50", "end": "00:19:58", "text": "expecting a clarity act uh this year."}, {"start": "00:19:54", "end": "00:20:01", "text": "And then uh Cynthia Lumis [snorts] said"}, {"start": "00:19:58", "end": "00:20:03", "text": "that she if if things don't get signed"}, {"start": "00:20:01", "end": "00:20:06", "text": "now, then she's not expecting it until I"}, {"start": "00:20:03", "end": "00:20:07", "text": "think I think she said 2029 or 2030 or"}, {"start": "00:20:06", "end": "00:20:09", "text": "something like that. And it's like"}, {"start": "00:20:07", "end": "00:20:11", "text": "[snorts] crypto will be just fine. I I'm"}, {"start": "00:20:09", "end": "00:20:13", "text": "so tired of this, but it's been"}, {"start": "00:20:11", "end": "00:20:15", "text": "happening for over a decade. We We're"}, {"start": "00:20:13", "end": "00:20:17", "text": "always thrown this kind of thing. That's"}, {"start": "00:20:15", "end": "00:20:19", "text": "what you should be afraid of. That's"}, {"start": "00:20:17", "end": "00:20:21", "text": "what's going to bring the market higher."}, {"start": "00:20:19", "end": "00:20:23", "text": "That new thing is you have to be afraid"}, {"start": "00:20:21", "end": "00:20:25", "text": "of that thing is going to And it's like,"}, {"start": "00:20:23", "end": "00:20:27", "text": "okay, I Yeah, we get it. It's the same"}, {"start": "00:20:25", "end": "00:20:31", "text": "exact thing when the whole um FTX"}, {"start": "00:20:27", "end": "00:20:33", "text": "collapse happened. And Sam Sam Brankman"}, {"start": "00:20:31", "end": "00:20:36", "text": "Freed, Gez Louise, I need to go to"}, {"start": "00:20:33", "end": "00:20:38", "text": "sleep. Sam Bankman Freed was in the news"}, {"start": "00:20:36", "end": "00:20:40", "text": "and if you weren't here, crypto prices"}, {"start": "00:20:38", "end": "00:20:42", "text": "were like collapsing every single day."}, {"start": "00:20:40", "end": "00:20:44", "text": "And everyone was like, \"Be afraid. Throw"}, {"start": "00:20:42", "end": "00:20:46", "text": "your arms in the air and scream cuz"}, {"start": "00:20:44", "end": "00:20:48", "text": "you're you're all terrified.\""}, {"start": "00:20:46", "end": "00:20:51", "text": "And I was like, \"Sam Bankman Freed isn't"}, {"start": "00:20:48", "end": "00:20:54", "text": "Bitcoin. He didn't create Bitcoin. Sam"}, {"start": "00:20:51", "end": "00:20:56", "text": "Bankman Freed held a lot of Salana."}, {"start": "00:20:54", "end": "00:20:59", "text": "Why why would the entire crypto space be"}, {"start": "00:20:56", "end": "00:21:01", "text": "collapsing?\" But the word ends up being"}, {"start": "00:20:59", "end": "00:21:04", "text": "manipulation once again. Anywh who,"}, {"start": "00:21:01", "end": "00:21:07", "text": "yeah, this seems to be a huge portion of"}, {"start": "00:21:04", "end": "00:21:09", "text": "the news as of late. Uh, everyone's"}, {"start": "00:21:07", "end": "00:21:12", "text": "announcing that Bitcoin looks cheap,"}, {"start": "00:21:09", "end": "00:21:14", "text": "Bitcoin's undervalued, Bitcoin's in a"}, {"start": "00:21:12", "end": "00:21:17", "text": "new this, Bitcoin has bottomed in price,"}, {"start": "00:21:14", "end": "00:21:19", "text": "Bitcoin. And it's like, okay, that's"}, {"start": "00:21:17", "end": "00:21:22", "text": "that's wonderful. I can't wait to see"}, {"start": "00:21:19", "end": "00:21:25", "text": "the next leg up in price. Then"}, {"start": "00:21:22", "end": "00:21:27", "text": "that's the everyone says Bitcoin's"}, {"start": "00:21:25", "end": "00:21:30", "text": "undervalued news."}, {"start": "00:21:27", "end": "00:21:33", "text": "And yeah,"}, {"start": "00:21:30", "end": "00:21:33", "text": "let's move on."}, {"start": "00:21:34", "end": "00:21:40", "text": "Also in major popular Mega Ultra Power"}, {"start": "00:21:38", "end": "00:21:43", "text": "Ranger news,"}, {"start": "00:21:40", "end": "00:21:47", "text": "um, all banks, all banks right now are"}, {"start": "00:21:43", "end": "00:21:50", "text": "beginning to tokenize. The tokenized"}, {"start": "00:21:47", "end": "00:21:53", "text": "market is expecting"}, {"start": "00:21:50", "end": "00:21:55", "text": "to be worth trillions of trillions of"}, {"start": "00:21:53", "end": "00:21:56", "text": "trillions of dollars in the next three"}, {"start": "00:21:55", "end": "00:22:00", "text": "and a half years. That's what we've been"}, {"start": "00:21:56", "end": "00:22:04", "text": "hearing. We've heard as of late from"}, {"start": "00:22:00", "end": "00:22:05", "text": "Mastercard and Visa."}, {"start": "00:22:04", "end": "00:22:07", "text": "They're going to be using Ethereum,"}, {"start": "00:22:05", "end": "00:22:12", "text": "Polygon,"}, {"start": "00:22:07", "end": "00:22:14", "text": "uh XRP, and uh and Salana, I think, was"}, {"start": "00:22:12", "end": "00:22:16", "text": "also one of the other ones, to send"}, {"start": "00:22:14", "end": "00:22:18", "text": "money around the world. And they're"}, {"start": "00:22:16", "end": "00:22:20", "text": "they're also making stable coins. And"}, {"start": "00:22:18", "end": "00:22:24", "text": "we're kind of hearing the same chains"}, {"start": "00:22:20", "end": "00:22:26", "text": "over and over, which is good. Um, that"}, {"start": "00:22:24", "end": "00:22:27", "text": "we're finally hearing some names because"}, {"start": "00:22:26", "end": "00:22:30", "text": "the last year and a half was quite"}, {"start": "00:22:27", "end": "00:22:32", "text": "frustrating. Hearing that crypto prices"}, {"start": "00:22:30", "end": "00:22:33", "text": "were going to go higher because banks"}, {"start": "00:22:32", "end": "00:22:35", "text": "and companies were going to be using"}, {"start": "00:22:33", "end": "00:22:38", "text": "that chain, that chain, that chain, but"}, {"start": "00:22:35", "end": "00:22:40", "text": "no one was announcing which chain was"}, {"start": "00:22:38", "end": "00:22:45", "text": "going to be used."}, {"start": "00:22:40", "end": "00:22:49", "text": "So in mega ultra news today it sayso"}, {"start": "00:22:45", "end": "00:22:54", "text": "finance will be working with JP Morgan's"}, {"start": "00:22:49", "end": "00:22:58", "text": "Kexis okay Mastercard and Ripple they"}, {"start": "00:22:54", "end": "00:23:00", "text": "completed a near realtime crossborder"}, {"start": "00:22:58", "end": "00:23:04", "text": "redemption of their tokenized US"}, {"start": "00:23:00", "end": "00:23:08", "text": "treasury fund OUSG"}, {"start": "00:23:04", "end": "00:23:10", "text": "and this was on the XRP ledger. The"}, {"start": "00:23:08", "end": "00:23:13", "text": "transaction, which settled in under five"}, {"start": "00:23:10", "end": "00:23:15", "text": "seconds and outside of traditional"}, {"start": "00:23:13", "end": "00:23:19", "text": "banking hours, routed instructions via"}, {"start": "00:23:15", "end": "00:23:21", "text": "Mastercard's multi-token network before"}, {"start": "00:23:19", "end": "00:23:24", "text": "JP Morgan delivered dollars to Ripple's"}, {"start": "00:23:21", "end": "00:23:26", "text": "Singapore bank account. The pilot"}, {"start": "00:23:24", "end": "00:23:28", "text": "underscores how linking public chains"}, {"start": "00:23:26", "end": "00:23:32", "text": "with interbank settlement rails could"}, {"start": "00:23:28", "end": "00:23:35", "text": "enable 247 global markets as tokenized"}, {"start": "00:23:32", "end": "00:23:39", "text": "deposit volumes grow and DTCC prepares"}, {"start": "00:23:35", "end": "00:23:42", "text": "to launch its own tokenization service."}, {"start": "00:23:39", "end": "00:23:44", "text": "So"}, {"start": "00:23:42", "end": "00:23:46", "text": "cool. I I I I really I'll be honest with"}, {"start": "00:23:44", "end": "00:23:48", "text": "you. A lot of times I don't know what to"}, {"start": "00:23:46", "end": "00:23:51", "text": "say about this because it's kind of"}, {"start": "00:23:48", "end": "00:23:54", "text": "revolving around the same exact chains."}, {"start": "00:23:51", "end": "00:23:56", "text": "So, this will probably really go"}, {"start": "00:23:54", "end": "00:24:00", "text": "unnoticed"}, {"start": "00:23:56", "end": "00:24:01", "text": "to the masses if not forever. Have you"}, {"start": "00:24:00", "end": "00:24:03", "text": "ever heard there was a guy I don't"}, {"start": "00:24:01", "end": "00:24:04", "text": "remember where this was? This was years"}, {"start": "00:24:03", "end": "00:24:07", "text": "ago. There was a guy talking about the"}, {"start": "00:24:04", "end": "00:24:09", "text": "the advent of crypto, the crypto market"}, {"start": "00:24:07", "end": "00:24:12", "text": "becoming more popular and how crypto"}, {"start": "00:24:09", "end": "00:24:15", "text": "would like be used in everyday life. And"}, {"start": "00:24:12", "end": "00:24:16", "text": "he was saying at some point you are"}, {"start": "00:24:15", "end": "00:24:19", "text": "going to tap your card, you're going to"}, {"start": "00:24:16", "end": "00:24:21", "text": "swipe your card, you'll enter your pen,"}, {"start": "00:24:19", "end": "00:24:24", "text": "but you won't know that you're using"}, {"start": "00:24:21", "end": "00:24:26", "text": "crypto. It'll just simply happen behind"}, {"start": "00:24:24", "end": "00:24:29", "text": "the scenes. When you when you normally"}, {"start": "00:24:26", "end": "00:24:31", "text": "use your card, you don't know the exact"}, {"start": "00:24:29", "end": "00:24:33", "text": "process that's taking place behind the"}, {"start": "00:24:31", "end": "00:24:35", "text": "scenes. You just see it says, \"Okay,"}, {"start": "00:24:33", "end": "00:24:37", "text": "approved.\" And then you walk on your"}, {"start": "00:24:35", "end": "00:24:38", "text": "way. You don't know that like in the"}, {"start": "00:24:37", "end": "00:24:40", "text": "background it's going to a clearing"}, {"start": "00:24:38", "end": "00:24:42", "text": "house. It's going to a third party."}, {"start": "00:24:40", "end": "00:24:44", "text": "there's like another thing that has to"}, {"start": "00:24:42", "end": "00:24:45", "text": "go through then it ends up going to the"}, {"start": "00:24:44", "end": "00:24:47", "text": "main like it's it's multiple steps and"}, {"start": "00:24:45", "end": "00:24:50", "text": "it takes time. It's like it's a very"}, {"start": "00:24:47", "end": "00:24:52", "text": "very very slow outdated process. Many of"}, {"start": "00:24:50", "end": "00:24:54", "text": "these systems are from the 70s and the"}, {"start": "00:24:52", "end": "00:24:56", "text": "80s but we're just still using them. You"}, {"start": "00:24:54", "end": "00:24:58", "text": "just get a confirmation that the credit"}, {"start": "00:24:56", "end": "00:25:01", "text": "for what you spent has gone through but"}, {"start": "00:24:58", "end": "00:25:03", "text": "in many ways it hasn't been debited from"}, {"start": "00:25:01", "end": "00:25:05", "text": "your account at that point. There was a"}, {"start": "00:25:03", "end": "00:25:07", "text": "guy explaining this with email. He said"}, {"start": "00:25:05", "end": "00:25:09", "text": "you know in the in the beginning email"}, {"start": "00:25:07", "end": "00:25:10", "text": "was very difficult. you had to do this"}, {"start": "00:25:09", "end": "00:25:12", "text": "and this happened and so and so you had"}, {"start": "00:25:10", "end": "00:25:14", "text": "to confirm. You had to even know how to"}, {"start": "00:25:12", "end": "00:25:15", "text": "code a little bit. Now when we use"}, {"start": "00:25:14", "end": "00:25:19", "text": "email, you type something, you click"}, {"start": "00:25:15", "end": "00:25:21", "text": "enter. You're not aware of what happens"}, {"start": "00:25:19", "end": "00:25:23", "text": "with the descending of information"}, {"start": "00:25:21", "end": "00:25:25", "text": "behind the scenes. [snorts] So a lot of"}, {"start": "00:25:23", "end": "00:25:27", "text": "what we're seeing is just a building up"}, {"start": "00:25:25", "end": "00:25:29", "text": "of infrastructure."}, {"start": "00:25:27", "end": "00:25:32", "text": "We're hearing which coins and chains are"}, {"start": "00:25:29", "end": "00:25:34", "text": "going to be used. And this is also"}, {"start": "00:25:32", "end": "00:25:36", "text": "creating a huge amount of the word's not"}, {"start": "00:25:34", "end": "00:25:38", "text": "tension."}, {"start": "00:25:36", "end": "00:25:40", "text": "I want to use the word annoyance amongst"}, {"start": "00:25:38", "end": "00:25:42", "text": "cryptocurrency"}, {"start": "00:25:40", "end": "00:25:44", "text": "uh investors because there's this"}, {"start": "00:25:42", "end": "00:25:45", "text": "constant idea and you're going to have"}, {"start": "00:25:44", "end": "00:25:47", "text": "to get over it like you're going to have"}, {"start": "00:25:45", "end": "00:25:51", "text": "to actually stop at some point of like"}, {"start": "00:25:47", "end": "00:25:54", "text": "instantaneous something. So if we get"}, {"start": "00:25:51", "end": "00:25:56", "text": "news that all these companies are going"}, {"start": "00:25:54", "end": "00:25:58", "text": "to be building something or they're"}, {"start": "00:25:56", "end": "00:26:00", "text": "testing something or they're going to be"}, {"start": "00:25:58", "end": "00:26:03", "text": "doing this or so and so people instant"}, {"start": "00:26:00", "end": "00:26:06", "text": "like that that morning"}, {"start": "00:26:03", "end": "00:26:09", "text": "they're expecting to see that XRP's"}, {"start": "00:26:06", "end": "00:26:11", "text": "price has gone up by 23%."}, {"start": "00:26:09", "end": "00:26:13", "text": "What we're waiting for is like for the"}, {"start": "00:26:11", "end": "00:26:15", "text": "entire system to be built on top of"}, {"start": "00:26:13", "end": "00:26:18", "text": "crypto, which is where we're currently"}, {"start": "00:26:15", "end": "00:26:20", "text": "going. But then by the point of time"}, {"start": "00:26:18", "end": "00:26:23", "text": "that it is,"}, {"start": "00:26:20", "end": "00:26:25", "text": "when all the banks, when all the funds,"}, {"start": "00:26:23", "end": "00:26:26", "text": "when all the stocks, when all the"}, {"start": "00:26:25", "end": "00:26:28", "text": "tokenization,"}, {"start": "00:26:26", "end": "00:26:29", "text": "when you're buying like fractionalized"}, {"start": "00:26:28", "end": "00:26:31", "text": "real estate, when you're buying"}, {"start": "00:26:29", "end": "00:26:34", "text": "fractionalized art, when you're buying"}, {"start": "00:26:31", "end": "00:26:36", "text": "like stocks through your AI agent,"}, {"start": "00:26:34", "end": "00:26:37", "text": "you're not going to be thinking, \"Wow,"}, {"start": "00:26:36", "end": "00:26:41", "text": "that's so cool. This is happening on"}, {"start": "00:26:37", "end": "00:26:43", "text": "XRP. Oh my gosh, guys. I just bought"}, {"start": "00:26:41", "end": "00:26:45", "text": "something on Polygon. It It'll just"}, {"start": "00:26:43", "end": "00:26:47", "text": "simply be."}, {"start": "00:26:45", "end": "00:26:50", "text": "So, a lot of the news that we're getting"}, {"start": "00:26:47", "end": "00:26:53", "text": "it is fascinating because it's showing"}, {"start": "00:26:50", "end": "00:26:56", "text": "that crypto is essentially, if you will,"}, {"start": "00:26:53", "end": "00:26:58", "text": "is taking over the world. Uh but a lot"}, {"start": "00:26:56", "end": "00:27:01", "text": "of it I think for many crypto investors"}, {"start": "00:26:58", "end": "00:27:03", "text": "it seems quite muted or quite boring"}, {"start": "00:27:01", "end": "00:27:05", "text": "because people are always anticipating"}, {"start": "00:27:03", "end": "00:27:08", "text": "some kind of an instantaneous movement"}, {"start": "00:27:05", "end": "00:27:13", "text": "upward from everything that we keep"}, {"start": "00:27:08", "end": "00:27:16", "text": "hearing. But um it says a key piece of"}, {"start": "00:27:13", "end": "00:27:18", "text": "financial infrastructure stitching"}, {"start": "00:27:16", "end": "00:27:22", "text": "tokenized assets to traditional banking"}, {"start": "00:27:18", "end": "00:27:24", "text": "got a real crossborder test this week."}, {"start": "00:27:22", "end": "00:27:25", "text": "Okay, that's just not there. By"}, {"start": "00:27:24", "end": "00:27:27", "text": "connecting public blockchain"}, {"start": "00:27:25", "end": "00:27:30", "text": "infrastructure with interbank settlement"}, {"start": "00:27:27", "end": "00:27:33", "text": "rails, ono connect sees by JP Morgan,"}, {"start": "00:27:30", "end": "00:27:36", "text": "Mastercard and Ripple are laying the"}, {"start": "00:27:33", "end": "00:27:39", "text": "groundwork for 247 global markets that"}, {"start": "00:27:36", "end": "00:27:44", "text": "never close. This was said by Andondo"}, {"start": "00:27:39", "end": "00:27:46", "text": "President Ian Debode. Yeah. So, we're"}, {"start": "00:27:44", "end": "00:27:49", "text": "actively seeing crypto take over"}, {"start": "00:27:46", "end": "00:27:51", "text": "everything. And I do know, I understand"}, {"start": "00:27:49", "end": "00:27:52", "text": "things become quite frustrating when you"}, {"start": "00:27:51", "end": "00:27:55", "text": "don't get an immediate response or an"}, {"start": "00:27:52", "end": "00:27:57", "text": "answer or you're not seeing it translate"}, {"start": "00:27:55", "end": "00:28:00", "text": "into prices, but and I hate to sound"}, {"start": "00:27:57", "end": "00:28:02", "text": "cheesy here. I really I really hate to"}, {"start": "00:28:00", "end": "00:28:05", "text": "sound cheesy, but we are winning."}, {"start": "00:28:02", "end": "00:28:07", "text": "Crypto's taking over everything. And at"}, {"start": "00:28:05", "end": "00:28:09", "text": "some point this will translate into"}, {"start": "00:28:07", "end": "00:28:12", "text": "prices. We will see things move a lot"}, {"start": "00:28:09", "end": "00:28:15", "text": "higher. But like all markets whether it"}, {"start": "00:28:12", "end": "00:28:19", "text": "be gold, silver, real estate, stocks,"}, {"start": "00:28:15", "end": "00:28:21", "text": "mutual funds, crypto, you name it, uh"}, {"start": "00:28:19", "end": "00:28:23", "text": "there is an air of manipulation. But you"}, {"start": "00:28:21", "end": "00:28:26", "text": "have to understand that this time things"}, {"start": "00:28:23", "end": "00:28:28", "text": "are quite different and that it looks"}, {"start": "00:28:26", "end": "00:28:31", "text": "like crypto and blockchain are going to"}, {"start": "00:28:28", "end": "00:28:34", "text": "be the new way of sending money around"}, {"start": "00:28:31", "end": "00:28:38", "text": "the world. If we've been using an old"}, {"start": "00:28:34", "end": "00:28:39", "text": "rinky dinky system since the 70s and 80s"}, {"start": "00:28:38", "end": "00:28:42", "text": "that we're still using now in the"}, {"start": "00:28:39", "end": "00:28:45", "text": "background and we have something that"}, {"start": "00:28:42", "end": "00:28:49", "text": "works 24/7 with no downtime, with low"}, {"start": "00:28:45", "end": "00:28:51", "text": "fees and instantaneous settlement,"}, {"start": "00:28:49", "end": "00:28:53", "text": "crypto is probably going to more than"}, {"start": "00:28:51", "end": "00:28:56", "text": "likely be with us for the next 20, 30,"}, {"start": "00:28:53", "end": "00:28:58", "text": "40, 50, 60, 70 years. So, we're"}, {"start": "00:28:56", "end": "00:28:59", "text": "witnessing the actual like laying of the"}, {"start": "00:28:58", "end": "00:29:01", "text": "groundwork. I know a lot of people"}, {"start": "00:28:59", "end": "00:29:04", "text": "probably don't watch old documentaries"}, {"start": "00:29:01", "end": "00:29:07", "text": "or like old videos, but there are like"}, {"start": "00:29:04", "end": "00:29:09", "text": "um videos on YouTube where you can see"}, {"start": "00:29:07", "end": "00:29:12", "text": "in the 1960s"}, {"start": "00:29:09", "end": "00:29:14", "text": "where um I believe"}, {"start": "00:29:12", "end": "00:29:15", "text": "I think it was just Visa back then. And"}, {"start": "00:29:14", "end": "00:29:17", "text": "I think Mastercard is from the 70s or '"}, {"start": "00:29:15", "end": "00:29:20", "text": "80s, it doesn't matter. But they have"}, {"start": "00:29:17", "end": "00:29:21", "text": "video of like the first transactions"}, {"start": "00:29:20", "end": "00:29:23", "text": "with these cards and they're like"}, {"start": "00:29:21", "end": "00:29:24", "text": "they're showing people like in the store"}, {"start": "00:29:23", "end": "00:29:26", "text": "like yeah, you know, you put your card"}, {"start": "00:29:24", "end": "00:29:28", "text": "like it there was like a metal thing"}, {"start": "00:29:26", "end": "00:29:31", "text": "that you laid your card on and you had"}, {"start": "00:29:28", "end": "00:29:32", "text": "to like uh go like you had to go back"}, {"start": "00:29:31", "end": "00:29:34", "text": "and forth with I forgot I have no idea"}, {"start": "00:29:32", "end": "00:29:36", "text": "what it's called. And they were showing"}, {"start": "00:29:34", "end": "00:29:37", "text": "people people were like, \"What in the"}, {"start": "00:29:36", "end": "00:29:39", "text": "world is that?\" And and they were"}, {"start": "00:29:37", "end": "00:29:41", "text": "talking to them. Yeah, this is the this"}, {"start": "00:29:39", "end": "00:29:42", "text": "is the future of money. They're asking"}, {"start": "00:29:41", "end": "00:29:44", "text": "people outside the store, \"Do you plan"}, {"start": "00:29:42", "end": "00:29:47", "text": "on using a a card?\" And they were like,"}, {"start": "00:29:44", "end": "00:29:49", "text": "\"No, money's paper's perfectly fine. I'm"}, {"start": "00:29:47", "end": "00:29:51", "text": "not understanding this idea of having to"}, {"start": "00:29:49", "end": "00:29:53", "text": "use plastic.\" They were asking people"}, {"start": "00:29:51", "end": "00:29:55", "text": "who were using checks. Do do you plan on"}, {"start": "00:29:53", "end": "00:29:57", "text": "using a plastic card? I don't I don't"}, {"start": "00:29:55", "end": "00:29:59", "text": "think that's ever going to happen in my"}, {"start": "00:29:57", "end": "00:30:01", "text": "lifetime. 15 years later, these cards"}, {"start": "00:29:59", "end": "00:30:03", "text": "had taken over the world. This was the"}, {"start": "00:30:01", "end": "00:30:05", "text": "new way of having [snorts] credit and"}, {"start": "00:30:03", "end": "00:30:07", "text": "using money. By the time we got to the"}, {"start": "00:30:05", "end": "00:30:10", "text": "80s, it was completely normal. There was"}, {"start": "00:30:07", "end": "00:30:11", "text": "no like question about it. You had cash,"}, {"start": "00:30:10", "end": "00:30:14", "text": "but you also people were walking around"}, {"start": "00:30:11", "end": "00:30:15", "text": "with cards. So now we have everyone"}, {"start": "00:30:14", "end": "00:30:17", "text": "tapping their watch and everyone tapping"}, {"start": "00:30:15", "end": "00:30:21", "text": "their phone and everyone swiping a card."}, {"start": "00:30:17", "end": "00:30:23", "text": "And you couldn't have imagined in 2001"}, {"start": "00:30:21", "end": "00:30:26", "text": "someone was like, \"Hey, your wallet's"}, {"start": "00:30:23", "end": "00:30:28", "text": "going to be in your watch.\" And they're"}, {"start": "00:30:26", "end": "00:30:30", "text": "like, \"What what exactly are you talking"}, {"start": "00:30:28", "end": "00:30:32", "text": "about?\" Like, you know, at some point"}, {"start": "00:30:30", "end": "00:30:34", "text": "you're going to have a phone and the"}, {"start": "00:30:32", "end": "00:30:36", "text": "phone's going to have a gigantic glass"}, {"start": "00:30:34", "end": "00:30:38", "text": "screen. you're going to click a few"}, {"start": "00:30:36", "end": "00:30:39", "text": "buttons on it and like your your your"}, {"start": "00:30:38", "end": "00:30:42", "text": "digital card will pop up and you can use"}, {"start": "00:30:39", "end": "00:30:44", "text": "that to like you wouldn't understand"}, {"start": "00:30:42", "end": "00:30:47", "text": "what they were talking about. So that"}, {"start": "00:30:44", "end": "00:30:49", "text": "will be basically the background of a"}, {"start": "00:30:47", "end": "00:30:53", "text": "lot of what we're seeing and it's just"}, {"start": "00:30:49", "end": "00:30:56", "text": "beginning. But I do believe personally"}, {"start": "00:30:53", "end": "00:30:58", "text": "once again prices should be in my"}, {"start": "00:30:56", "end": "00:30:59", "text": "opinion a lot higher because we're kind"}, {"start": "00:30:58", "end": "00:31:03", "text": "of like hearing that this is all"}, {"start": "00:30:59", "end": "00:31:05", "text": "happening. But I guess we need to see"}, {"start": "00:31:03", "end": "00:31:08", "text": "the trillions of dollars actually moving"}, {"start": "00:31:05", "end": "00:31:11", "text": "through the network before um good"}, {"start": "00:31:08", "end": "00:31:13", "text": "things happen. So yeah,"}, {"start": "00:31:11", "end": "00:31:15", "text": "I think that's going to do it for this"}, {"start": "00:31:13", "end": "00:31:18", "text": "video everyone. I do sincerely hope that"}, {"start": "00:31:15", "end": "00:31:20", "text": "you've all enjoyed."}, {"start": "00:31:18", "end": "00:31:21", "text": "I do hope you all are having a great"}, {"start": "00:31:20", "end": "00:31:23", "text": "day,"}, {"start": "00:31:21", "end": "00:31:24", "text": "a great morning, a great afternoon, a"}, {"start": "00:31:23", "end": "00:31:26", "text": "great evening, wherever you are,"}, {"start": "00:31:24", "end": "00:31:29", "text": "wherever you might be. I do hope that it"}, {"start": "00:31:26", "end": "00:31:30", "text": "is absolutely fantastic. Thank you all"}, {"start": "00:31:29", "end": "00:31:32", "text": "once again for watching the video,"}, {"start": "00:31:30", "end": "00:31:35", "text": "liking the video, commenting on the"}, {"start": "00:31:32", "end": "00:31:37", "text": "video, subscribing to the channel, and I"}, {"start": "00:31:35", "end": "00:31:40", "text": "will most certainly be talking [snorts]"}, {"start": "00:31:37", "end": "00:31:43", "text": "to you all soon."}, {"start": "00:31:40", "end": "00:31:43", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:10", "text": "Hello everybody."}, {"start": "00:00:04", "end": "00:00:10", "text": "Welcome back for another"}, {"start": "00:00:10", "end": "00:00:16", "text": "video. [laughter]"}, {"start": "00:00:12", "end": "00:00:18", "text": "I hope you're all doing well. I hope"}, {"start": "00:00:16", "end": "00:00:20", "text": "that you're all doing absolutely"}, {"start": "00:00:18", "end": "00:00:24", "text": "fantastic, that you've all been"}, {"start": "00:00:20", "end": "00:00:27", "text": "investing, and that you're all having a"}, {"start": "00:00:24", "end": "00:00:30", "text": "great day."}, {"start": "00:00:27", "end": "00:00:34", "text": "Don't forget to follow my other YouTube"}, {"start": "00:00:30", "end": "00:00:37", "text": "channel. It is called Money Rules."}, {"start": "00:00:34", "end": "00:00:40", "text": "There's a link in the Jezeee, they're"}, {"start": "00:00:37", "end": "00:00:42", "text": "moving fast. What the fudge was that?"}, {"start": "00:00:40", "end": "00:00:45", "text": "Uh, there's a link in the What the"}, {"start": "00:00:42", "end": "00:00:48", "text": "There's a link in the description below."}, {"start": "00:00:45", "end": "00:00:53", "text": "Very big thank you to Finley Bass,"}, {"start": "00:00:48", "end": "00:00:57", "text": "Gilboa Snake, and Trent Jackson. A very"}, {"start": "00:00:53", "end": "00:00:59", "text": "big thank you to my Patreon supporters."}, {"start": "00:00:57", "end": "00:01:02", "text": "Yeah,"}, {"start": "00:00:59", "end": "00:01:07", "text": "without any further ado, let's jump"}, {"start": "00:01:02", "end": "00:01:09", "text": "right into it. We are"}, {"start": "00:01:07", "end": "00:01:11", "text": "um Okay, I I I'll give it to you this"}, {"start": "00:01:09", "end": "00:01:13", "text": "way."}, {"start": "00:01:11", "end": "00:01:18", "text": "So"}, {"start": "00:01:13", "end": "00:01:21", "text": "even if or when cryptocurrency prices"}, {"start": "00:01:18", "end": "00:01:23", "text": "are um"}, {"start": "00:01:21", "end": "00:01:27", "text": "moving down,"}, {"start": "00:01:23", "end": "00:01:31", "text": "a lot of the news recently in the crypto"}, {"start": "00:01:27", "end": "00:01:34", "text": "space has been uh it's either"}, {"start": "00:01:31", "end": "00:01:38", "text": "manipulation slash"}, {"start": "00:01:34", "end": "00:01:39", "text": "it's not going to last forever. Uh what"}, {"start": "00:01:38", "end": "00:01:41", "text": "is happening? Do you see this on the"}, {"start": "00:01:39", "end": "00:01:46", "text": "screen?"}, {"start": "00:01:41", "end": "00:01:48", "text": "Like what? What the Okay. Um, so I"}, {"start": "00:01:46", "end": "00:01:53", "text": "forgot where I was. That looked like the"}, {"start": "00:01:48", "end": "00:01:55", "text": "Matrix. Um, basically right now, and I"}, {"start": "00:01:53", "end": "00:01:58", "text": "don't know if it's just an extension of"}, {"start": "00:01:55", "end": "00:02:02", "text": "generalized optimism, the cryptocurrency"}, {"start": "00:01:58", "end": "00:02:05", "text": "space, even on our worst or bad days, we"}, {"start": "00:02:02", "end": "00:02:08", "text": "have a lot of like really good news"}, {"start": "00:02:05", "end": "00:02:12", "text": "either from accumulation or companies"}, {"start": "00:02:08", "end": "00:02:17", "text": "entering the space or basic ideas as to"}, {"start": "00:02:12", "end": "00:02:21", "text": "where prices are going to go next. The"}, {"start": "00:02:17", "end": "00:02:24", "text": "current sentiment in the crypto market"}, {"start": "00:02:21", "end": "00:02:28", "text": "is that and once this is a"}, {"start": "00:02:24", "end": "00:02:30", "text": "no one truly knows it's just more of"}, {"start": "00:02:28", "end": "00:02:32", "text": "based off of I would assume logic"}, {"start": "00:02:30", "end": "00:02:35", "text": "metrics and charts is that the"}, {"start": "00:02:32", "end": "00:02:37", "text": "cryptocurrency space is going to go uh"}, {"start": "00:02:35", "end": "00:02:41", "text": "much higher in price. This is still the"}, {"start": "00:02:37", "end": "00:02:44", "text": "sentiment even even with prices h having"}, {"start": "00:02:41", "end": "00:02:47", "text": "fallen and some kind of a weird recovery"}, {"start": "00:02:44", "end": "00:02:50", "text": "that we have going on. If you are uh"}, {"start": "00:02:47", "end": "00:02:55", "text": "potentially unaware, the world is paying"}, {"start": "00:02:50", "end": "00:02:58", "text": "attention right now uh to inflation"}, {"start": "00:02:55", "end": "00:03:02", "text": "because it's it's it's it's horrend"}, {"start": "00:02:58", "end": "00:03:05", "text": "uh to what the Fed is going to do."}, {"start": "00:03:02", "end": "00:03:07", "text": "Um and uh oh gosh, the conflicts."}, {"start": "00:03:05", "end": "00:03:09", "text": "Anyway, long story short, there's a long"}, {"start": "00:03:07", "end": "00:03:11", "text": "list of things that are causing"}, {"start": "00:03:09", "end": "00:03:13", "text": "investors around the world from many"}, {"start": "00:03:11", "end": "00:03:16", "text": "different asset classes to kind of like"}, {"start": "00:03:13", "end": "00:03:18", "text": "hold their breath. We don't know what's"}, {"start": "00:03:16", "end": "00:03:20", "text": "coming next because there are far too"}, {"start": "00:03:18", "end": "00:03:21", "text": "many variables. Far too many variables."}, {"start": "00:03:20", "end": "00:03:25", "text": "We just don't know what the fudge is"}, {"start": "00:03:21", "end": "00:03:26", "text": "about to happen. Crypto, however, is"}, {"start": "00:03:25", "end": "00:03:29", "text": "kind of taking it in stride. And this"}, {"start": "00:03:26", "end": "00:03:32", "text": "is, I think, more historical and"}, {"start": "00:03:29", "end": "00:03:34", "text": "potentially even in our digital DNA at"}, {"start": "00:03:32", "end": "00:03:37", "text": "this point. I've been in the market long"}, {"start": "00:03:34", "end": "00:03:39", "text": "enough to hear"}, {"start": "00:03:37", "end": "00:03:42", "text": "every single rich person talk bad about"}, {"start": "00:03:39", "end": "00:03:44", "text": "crypto, turn then tell how much they"}, {"start": "00:03:42", "end": "00:03:47", "text": "love crypto, then talk bad about it"}, {"start": "00:03:44", "end": "00:03:50", "text": "again, have these down cycles, have the"}, {"start": "00:03:47", "end": "00:03:52", "text": "market go back up. And we kind of have"}, {"start": "00:03:50", "end": "00:03:55", "text": "put together that nothing down is"}, {"start": "00:03:52", "end": "00:04:02", "text": "permanent, especially not in a market"}, {"start": "00:03:55", "end": "00:04:02", "text": "with a very rare and finite assets. So"}, {"start": "00:04:02", "end": "00:04:11", "text": "the discussions now are basically"}, {"start": "00:04:06", "end": "00:04:14", "text": "and I and I use the W word. When"}, {"start": "00:04:11", "end": "00:04:16", "text": "is the market going to go back up and"}, {"start": "00:04:14", "end": "00:04:20", "text": "recover?"}, {"start": "00:04:16", "end": "00:04:22", "text": "Someone by the name of Luke Groman"}, {"start": "00:04:20", "end": "00:04:26", "text": "says Bitcoin's failure to break"}, {"start": "00:04:22", "end": "00:04:29", "text": "decisively higher may reflect more than"}, {"start": "00:04:26", "end": "00:04:32", "text": "weak spot demand,"}, {"start": "00:04:29", "end": "00:04:36", "text": "arguing that paper instruments can"}, {"start": "00:04:32", "end": "00:04:38", "text": "temporarily absorb buying pressure in"}, {"start": "00:04:36", "end": "00:04:42", "text": "the same way derivatives have shaped the"}, {"start": "00:04:38", "end": "00:04:43", "text": "gold market for years. Let me explain"}, {"start": "00:04:42", "end": "00:04:47", "text": "something"}, {"start": "00:04:43", "end": "00:04:49", "text": "very weird to you, my friends."}, {"start": "00:04:47", "end": "00:04:51", "text": "Years ago, when I got into the"}, {"start": "00:04:49", "end": "00:04:54", "text": "cryptocurrency market, I told you I did"}, {"start": "00:04:51", "end": "00:04:56", "text": "years of research. Crypto was, I mean,"}, {"start": "00:04:54", "end": "00:04:57", "text": "incredibly foreign to me. I couldn't"}, {"start": "00:04:56", "end": "00:04:59", "text": "wrap my head around it. I I used to I"}, {"start": "00:04:57", "end": "00:05:01", "text": "told you I used to make fun of my"}, {"start": "00:04:59", "end": "00:05:03", "text": "friend. I had a friend who used to play"}, {"start": "00:05:01", "end": "00:05:05", "text": "um um Warcraft"}, {"start": "00:05:03", "end": "00:05:07", "text": "and I"}, {"start": "00:05:05", "end": "00:05:10", "text": "there's digital gold in that game. you"}, {"start": "00:05:07", "end": "00:05:13", "text": "can sell your uh costumes and characters"}, {"start": "00:05:10", "end": "00:05:14", "text": "and you get gold for it, digital gold."}, {"start": "00:05:13", "end": "00:05:16", "text": "And I remember asking my friend one day,"}, {"start": "00:05:14", "end": "00:05:18", "text": "I was like, \"Why"}, {"start": "00:05:16", "end": "00:05:20", "text": "why don't you just get a job and like,"}, {"start": "00:05:18", "end": "00:05:22", "text": "you know, stop using like fake money?\""}, {"start": "00:05:20", "end": "00:05:24", "text": "He's like, \"No, like like this has"}, {"start": "00:05:22", "end": "00:05:26", "text": "value.\" And I was like, \"Oh, okay.\" And"}, {"start": "00:05:24", "end": "00:05:28", "text": "my friend's a little crazy. It took me"}, {"start": "00:05:26", "end": "00:05:30", "text": "years to figure out that anything"}, {"start": "00:05:28", "end": "00:05:33", "text": "digital could have value. This makes"}, {"start": "00:05:30", "end": "00:05:34", "text": "sense now in 2026. We're in the future."}, {"start": "00:05:33", "end": "00:05:37", "text": "We get it. But back then, I was like,"}, {"start": "00:05:34", "end": "00:05:39", "text": "\"What the fudge is going on?\" One of the"}, {"start": "00:05:37", "end": "00:05:42", "text": "very first people whose videos used to"}, {"start": "00:05:39", "end": "00:05:44", "text": "pop up on YouTube uh was this guy by the"}, {"start": "00:05:42", "end": "00:05:47", "text": "name of Andreas Antonopoulos. I I think"}, {"start": "00:05:44", "end": "00:05:50", "text": "he's still active, but you know, this"}, {"start": "00:05:47", "end": "00:05:53", "text": "was a long time ago, so uh what have"}, {"start": "00:05:50", "end": "00:05:55", "text": "you. and he used to always talk about"}, {"start": "00:05:53", "end": "00:05:59", "text": "like the values of Bitcoin, what Bitcoin"}, {"start": "00:05:55", "end": "00:06:03", "text": "was for, who Bitcoin was for, and in"}, {"start": "00:05:59", "end": "00:06:05", "text": "kind of like a"}, {"start": "00:06:03", "end": "00:06:08", "text": "oracle kind of way, he used to talk"}, {"start": "00:06:05", "end": "00:06:09", "text": "about like what was going to happen to"}, {"start": "00:06:08", "end": "00:06:11", "text": "Bitcoin in the future. This is maybe"}, {"start": "00:06:09", "end": "00:06:14", "text": "like a little tinfoil hat for some of"}, {"start": "00:06:11", "end": "00:06:16", "text": "you. My tinfoil hat is currently hanging"}, {"start": "00:06:14", "end": "00:06:18", "text": "off one of my ears. Um, he used to talk"}, {"start": "00:06:16", "end": "00:06:22", "text": "about the idea of like Bitcoin becoming"}, {"start": "00:06:18", "end": "00:06:23", "text": "larger. He never spoke about price."}, {"start": "00:06:22", "end": "00:06:25", "text": "He used to always talk about like the"}, {"start": "00:06:23", "end": "00:06:28", "text": "network effect and how many new people"}, {"start": "00:06:25", "end": "00:06:30", "text": "would get into Bitcoin, how many people"}, {"start": "00:06:28", "end": "00:06:32", "text": "would start using it. Bitcoin is going"}, {"start": "00:06:30", "end": "00:06:35", "text": "to be adopted and used by people in in"}, {"start": "00:06:32", "end": "00:06:37", "text": "countries that are marred by inflation."}, {"start": "00:06:35", "end": "00:06:39", "text": "We're now now we're seeing more people"}, {"start": "00:06:37", "end": "00:06:43", "text": "around the world like actually using"}, {"start": "00:06:39", "end": "00:06:45", "text": "Bitcoin as like a a a a a savings in"}, {"start": "00:06:43", "end": "00:06:48", "text": "Latin America and Africa and Southeast"}, {"start": "00:06:45", "end": "00:06:51", "text": "Asia because their inflation rates that"}, {"start": "00:06:48", "end": "00:06:54", "text": "the government's announcing are like 60"}, {"start": "00:06:51", "end": "00:06:56", "text": "70 80% yearonear. So they people are"}, {"start": "00:06:54", "end": "00:06:58", "text": "like shuffling their money into one"}, {"start": "00:06:56", "end": "00:07:00", "text": "direction. He used to say at some point"}, {"start": "00:06:58", "end": "00:07:03", "text": "we would start to see competition but it"}, {"start": "00:07:00", "end": "00:07:05", "text": "wouldn't be competition."}, {"start": "00:07:03", "end": "00:07:07", "text": "This is like listen"}, {"start": "00:07:05", "end": "00:07:10", "text": "this is pure"}, {"start": "00:07:07", "end": "00:07:13", "text": "this is pure Bitcoin maximalism"}, {"start": "00:07:10", "end": "00:07:16", "text": "but he was right about everything and he"}, {"start": "00:07:13", "end": "00:07:18", "text": "said the next step would be like copycat"}, {"start": "00:07:16", "end": "00:07:22", "text": "coins. This was I mean he he used to"}, {"start": "00:07:18", "end": "00:07:25", "text": "make videos in like 2012 2013."}, {"start": "00:07:22", "end": "00:07:27", "text": "Understand how long ago this was. I"}, {"start": "00:07:25", "end": "00:07:29", "text": "started this channel in 2016. It took me"}, {"start": "00:07:27", "end": "00:07:32", "text": "years"}, {"start": "00:07:29", "end": "00:07:35", "text": "to even think about getting into crypto."}, {"start": "00:07:32", "end": "00:07:38", "text": "He said the next step back in 2012 2013"}, {"start": "00:07:35", "end": "00:07:40", "text": "is people creating copycat coins. So he"}, {"start": "00:07:38", "end": "00:07:42", "text": "said we're expecting thousands if not"}, {"start": "00:07:40", "end": "00:07:45", "text": "hundreds of thousands of fake versions"}, {"start": "00:07:42", "end": "00:07:47", "text": "of Bitcoin. So people will advertise"}, {"start": "00:07:45", "end": "00:07:50", "text": "these coins as the next big thing and"}, {"start": "00:07:47", "end": "00:07:52", "text": "our coin is quicker, faster, more so and"}, {"start": "00:07:50", "end": "00:07:54", "text": "so than Bitcoin is. But he said these"}, {"start": "00:07:52", "end": "00:07:56", "text": "coins are going to fail. They have no"}, {"start": "00:07:54", "end": "00:07:59", "text": "purpose. They have no uh first mover"}, {"start": "00:07:56", "end": "00:08:01", "text": "advantage. Bitcoin is the the thing that"}, {"start": "00:07:59", "end": "00:08:03", "text": "popped out of the box. Everything else"}, {"start": "00:08:01", "end": "00:08:06", "text": "that pops out after it is just a copy of"}, {"start": "00:08:03", "end": "00:08:09", "text": "the original. He said Bitcoin would run"}, {"start": "00:08:06", "end": "00:08:11", "text": "into turbulence once Bitcoin got paper"}, {"start": "00:08:09", "end": "00:08:13", "text": "Bitcoin."}, {"start": "00:08:11", "end": "00:08:16", "text": "And I remember being like people people"}, {"start": "00:08:13", "end": "00:08:19", "text": "are going to print out Bitcoin. What he"}, {"start": "00:08:16", "end": "00:08:22", "text": "meant was ETFs."}, {"start": "00:08:19", "end": "00:08:25", "text": "The idea of an ETF is basically what you"}, {"start": "00:08:22", "end": "00:08:27", "text": "would call paper Bitcoin. It is an easy"}, {"start": "00:08:25", "end": "00:08:30", "text": "way to be able to manipulate the market"}, {"start": "00:08:27", "end": "00:08:32", "text": "or even potentially show that there's"}, {"start": "00:08:30", "end": "00:08:36", "text": "more demand or less demand than there"}, {"start": "00:08:32", "end": "00:08:38", "text": "actually is. One of his ideas was, and I"}, {"start": "00:08:36", "end": "00:08:41", "text": "don't know how deep this goes. I do not"}, {"start": "00:08:38", "end": "00:08:44", "text": "work at Black Rockck. I cannot tell you."}, {"start": "00:08:41", "end": "00:08:46", "text": "One of his ideas was that the same exact"}, {"start": "00:08:44", "end": "00:08:49", "text": "thing happened to gold. So if you didn't"}, {"start": "00:08:46", "end": "00:08:51", "text": "know, there were multiple multiple"}, {"start": "00:08:49", "end": "00:08:53", "text": "instances of people who used to work for"}, {"start": "00:08:51", "end": "00:08:56", "text": "JP Morgan and many other companies and"}, {"start": "00:08:53", "end": "00:08:58", "text": "banks who came forward years ago and"}, {"start": "00:08:56", "end": "00:08:59", "text": "they were like JP Morgan is actively"}, {"start": "00:08:58", "end": "00:09:02", "text": "manipulating the price of gold and"}, {"start": "00:08:59", "end": "00:09:05", "text": "silver. The public was like that's"}, {"start": "00:09:02", "end": "00:09:06", "text": "nonsense. They would never do that. And"}, {"start": "00:09:05", "end": "00:09:11", "text": "then people looked through documents and"}, {"start": "00:09:06", "end": "00:09:13", "text": "they found that allegedly"}, {"start": "00:09:11", "end": "00:09:15", "text": "JP Morgan and many other banks were"}, {"start": "00:09:13", "end": "00:09:18", "text": "actively manipulating the price of gold"}, {"start": "00:09:15", "end": "00:09:20", "text": "and silver so that they could accumulate"}, {"start": "00:09:18", "end": "00:09:22", "text": "as much as they wanted and also so that"}, {"start": "00:09:20", "end": "00:09:24", "text": "they wouldn't raise the price."}, {"start": "00:09:22", "end": "00:09:27", "text": "Historically, if world events are"}, {"start": "00:09:24", "end": "00:09:28", "text": "happening that don't look too hot, if"}, {"start": "00:09:27", "end": "00:09:31", "text": "inflation's rising, if banks are"}, {"start": "00:09:28", "end": "00:09:34", "text": "collapsing, historically"}, {"start": "00:09:31", "end": "00:09:37", "text": "people rush to gold and then gold's"}, {"start": "00:09:34", "end": "00:09:41", "text": "price goes up. That's why you've seen"}, {"start": "00:09:37", "end": "00:09:42", "text": "also the last like year or two, gold's"}, {"start": "00:09:41", "end": "00:09:46", "text": "price has been like slipping. Gold has"}, {"start": "00:09:42", "end": "00:09:49", "text": "like fallen by a lot while inflation is"}, {"start": "00:09:46", "end": "00:09:51", "text": "like really going up super high. While"}, {"start": "00:09:49", "end": "00:09:52", "text": "companies and institutions are falling"}, {"start": "00:09:51", "end": "00:09:55", "text": "apart, banks aren't looking too hot."}, {"start": "00:09:52", "end": "00:09:57", "text": "Debt levels are at their highest"}, {"start": "00:09:55", "end": "00:10:01", "text": "obviously that they've ever been. This"}, {"start": "00:09:57", "end": "00:10:04", "text": "dictates that gold should probably be"}, {"start": "00:10:01", "end": "00:10:06", "text": "around $67,000 right now based off of"}, {"start": "00:10:04", "end": "00:10:08", "text": "generalized logic for how bad that"}, {"start": "00:10:06", "end": "00:10:11", "text": "things currently are. And it's because"}, {"start": "00:10:08", "end": "00:10:14", "text": "of this idea of paper gold. The idea"}, {"start": "00:10:11", "end": "00:10:16", "text": "would be so here's here's a random"}, {"start": "00:10:14", "end": "00:10:19", "text": "number, but this is how it works. Let's"}, {"start": "00:10:16", "end": "00:10:20", "text": "say there are a billion pieces of gold."}, {"start": "00:10:19", "end": "00:10:21", "text": "Random number, but this is the number"}, {"start": "00:10:20", "end": "00:10:24", "text": "that we're working with. There's a"}, {"start": "00:10:21", "end": "00:10:25", "text": "billion pieces of gold. Billion 1"}, {"start": "00:10:24", "end": "00:10:28", "text": "pieces."}, {"start": "00:10:25", "end": "00:10:29", "text": "Now, let's say uh there's a company who"}, {"start": "00:10:28", "end": "00:10:31", "text": "decides to say, \"We're going to start"}, {"start": "00:10:29", "end": "00:10:35", "text": "selling gold ETFs.\""}, {"start": "00:10:31", "end": "00:10:39", "text": "And they say, \"Okay, we will issue 1"}, {"start": "00:10:35", "end": "00:10:40", "text": "billion gold ETFs.\" Now, you sit there"}, {"start": "00:10:39", "end": "00:10:43", "text": "and you go, \"Well, if there's only a"}, {"start": "00:10:40", "end": "00:10:46", "text": "billion gold pieces, how the heck are"}, {"start": "00:10:43", "end": "00:10:48", "text": "they issuing a billion? It's through is"}, {"start": "00:10:46", "end": "00:10:50", "text": "it called rehypothecation? It's"}, {"start": "00:10:48", "end": "00:10:53", "text": "basically a way to announce that you"}, {"start": "00:10:50", "end": "00:10:56", "text": "have more than there actually is. So"}, {"start": "00:10:53", "end": "00:10:59", "text": "it's kind of like you know when uh"}, {"start": "00:10:56", "end": "00:11:00", "text": "remember 2008 2009 and everyone went to"}, {"start": "00:10:59", "end": "00:11:03", "text": "the bank to try and get their money out"}, {"start": "00:11:00", "end": "00:11:06", "text": "of the bank and then there were people"}, {"start": "00:11:03", "end": "00:11:08", "text": "standing outside with uh large pieces of"}, {"start": "00:11:06", "end": "00:11:10", "text": "metal that had smaller pieces of metal"}, {"start": "00:11:08", "end": "00:11:12", "text": "uh inside of them and they were telling"}, {"start": "00:11:10", "end": "00:11:14", "text": "people like no you can't get your money."}, {"start": "00:11:12", "end": "00:11:17", "text": "It's that's when the public found out"}, {"start": "00:11:14", "end": "00:11:20", "text": "that the banks don't actually have what"}, {"start": "00:11:17", "end": "00:11:22", "text": "they say that they have. So at any given"}, {"start": "00:11:20", "end": "00:11:24", "text": "time, if you have a bunch of money, if"}, {"start": "00:11:22", "end": "00:11:27", "text": "you have random number, if you have a"}, {"start": "00:11:24", "end": "00:11:29", "text": "million dollars in your bank account and"}, {"start": "00:11:27", "end": "00:11:31", "text": "you try to take out that million in"}, {"start": "00:11:29", "end": "00:11:34", "text": "cash,"}, {"start": "00:11:31", "end": "00:11:36", "text": "the the the cashier at the bank will"}, {"start": "00:11:34", "end": "00:11:38", "text": "look at you multiple times and say like"}, {"start": "00:11:36", "end": "00:11:40", "text": "that's not possible. Because a lot of"}, {"start": "00:11:38", "end": "00:11:41", "text": "times the banks don't actually even hold"}, {"start": "00:11:40", "end": "00:11:42", "text": "that much money. the money is being"}, {"start": "00:11:41", "end": "00:11:45", "text": "moved around or it's being pushed into"}, {"start": "00:11:42", "end": "00:11:47", "text": "other investments. That's how you get"}, {"start": "00:11:45", "end": "00:11:48", "text": "your money at the end of the year. Like,"}, {"start": "00:11:47", "end": "00:11:50", "text": "hey, you've had your bank account."}, {"start": "00:11:48", "end": "00:11:53", "text": "Here's 0.1%."}, {"start": "00:11:50", "end": "00:11:56", "text": "They use, this is true, they use our"}, {"start": "00:11:53", "end": "00:11:59", "text": "money to invest. And then when they've"}, {"start": "00:11:56", "end": "00:12:02", "text": "made 38% on our money, we get back 0.1%"}, {"start": "00:11:59", "end": "00:12:04", "text": "as a thank you for letting us use your"}, {"start": "00:12:02", "end": "00:12:07", "text": "money. So, the banks don't actually have"}, {"start": "00:12:04", "end": "00:12:09", "text": "as much money as they say. And in many"}, {"start": "00:12:07", "end": "00:12:11", "text": "cases, we've seen before even for"}, {"start": "00:12:09", "end": "00:12:13", "text": "regulated markets, the securities and"}, {"start": "00:12:11", "end": "00:12:16", "text": "what have you, those those can also be"}, {"start": "00:12:13", "end": "00:12:20", "text": "faked as well. So, one of the main fears"}, {"start": "00:12:16", "end": "00:12:21", "text": "for Bitcoin back then, and no one talks"}, {"start": "00:12:20", "end": "00:12:23", "text": "about it now because everyone praises"}, {"start": "00:12:21", "end": "00:12:24", "text": "and worships Black Rockck and every"}, {"start": "00:12:23", "end": "00:12:27", "text": "single thing that they do with the"}, {"start": "00:12:24", "end": "00:12:29", "text": "letters ET and F, but part of the fear"}, {"start": "00:12:27", "end": "00:12:34", "text": "was that they'd be able to basically"}, {"start": "00:12:29", "end": "00:12:38", "text": "say, \"Hey, we are going to issue"}, {"start": "00:12:34", "end": "00:12:40", "text": "25 million shares of of of of Bitcoin."}, {"start": "00:12:38", "end": "00:12:42", "text": "Each share represents an entire"}, {"start": "00:12:40", "end": "00:12:43", "text": "Bitcoin.\" And then we sit there and go,"}, {"start": "00:12:42", "end": "00:12:45", "text": "\"Well, there's only ever going to be 21"}, {"start": "00:12:43", "end": "00:12:47", "text": "million Bitcoin. We know that company"}, {"start": "00:12:45", "end": "00:12:49", "text": "has that many. We know that company has"}, {"start": "00:12:47", "end": "00:12:50", "text": "that many.\" Then Fidelity launches one."}, {"start": "00:12:49", "end": "00:12:52", "text": "Then this company and they keep so and"}, {"start": "00:12:50", "end": "00:12:56", "text": "so and so. The only saving grace that"}, {"start": "00:12:52", "end": "00:12:59", "text": "we've seen thus far is the actual like"}, {"start": "00:12:56", "end": "00:13:01", "text": "need and demand of the companies through"}, {"start": "00:12:59", "end": "00:13:04", "text": "through securities laws to actually have"}, {"start": "00:13:01", "end": "00:13:07", "text": "to accumulate that much Bitcoin based"}, {"start": "00:13:04", "end": "00:13:09", "text": "off of how many shares have been issued."}, {"start": "00:13:07", "end": "00:13:12", "text": "But also the issue if you've been paying"}, {"start": "00:13:09", "end": "00:13:14", "text": "attention has been on many instances"}, {"start": "00:13:12", "end": "00:13:19", "text": "this also leads to heavy amounts of"}, {"start": "00:13:14", "end": "00:13:22", "text": "manipulation the last two years we"}, {"start": "00:13:19", "end": "00:13:26", "text": "me and you keep hearing that every time"}, {"start": "00:13:22", "end": "00:13:29", "text": "that there's like a selloff or outflows"}, {"start": "00:13:26", "end": "00:13:31", "text": "from the ETFs Bitcoin's price goes down."}, {"start": "00:13:29", "end": "00:13:34", "text": "Why? It's because the idea that there's"}, {"start": "00:13:31", "end": "00:13:36", "text": "less demand and therefore people are"}, {"start": "00:13:34", "end": "00:13:39", "text": "selling. The problem is that people"}, {"start": "00:13:36", "end": "00:13:44", "text": "often aren't looking at the numbers. If"}, {"start": "00:13:39", "end": "00:13:46", "text": "Black Rockck's Bitcoin IBIT ETF has 60"}, {"start": "00:13:44", "end": "00:13:49", "text": "billion"}, {"start": "00:13:46", "end": "00:13:54", "text": "60 billion worth of Bitcoin and on any"}, {"start": "00:13:49", "end": "00:13:57", "text": "given day there was a 22 million"}, {"start": "00:13:54", "end": "00:13:59", "text": "outflow. Why would Bitcoin fall by 7%."}, {"start": "00:13:57", "end": "00:14:01", "text": "That's part of the manipulation."}, {"start": "00:13:59", "end": "00:14:03", "text": "Well, there's less demand. People are"}, {"start": "00:14:01", "end": "00:14:06", "text": "selling. That's less than 1%. That's"}, {"start": "00:14:03", "end": "00:14:08", "text": "that's that's a percent of 1% of the"}, {"start": "00:14:06", "end": "00:14:10", "text": "entire fund. That's not a lack of"}, {"start": "00:14:08", "end": "00:14:11", "text": "demand. The the the stock market"}, {"start": "00:14:10", "end": "00:14:14", "text": "sometimes you'll look at the stock"}, {"start": "00:14:11", "end": "00:14:17", "text": "prices and they go down by 3% in a day."}, {"start": "00:14:14", "end": "00:14:18", "text": "Is that the end of the stock market? No."}, {"start": "00:14:17", "end": "00:14:21", "text": "That's just a movement in the actual"}, {"start": "00:14:18", "end": "00:14:24", "text": "price of it. So the idea that paper"}, {"start": "00:14:21", "end": "00:14:25", "text": "Bitcoin is actually absorbing a huge"}, {"start": "00:14:24", "end": "00:14:28", "text": "amount of the buying pressure, we've"}, {"start": "00:14:25", "end": "00:14:30", "text": "gone over this and [snorts] I and I've"}, {"start": "00:14:28", "end": "00:14:33", "text": "sat here flustered many a time. How do"}, {"start": "00:14:30", "end": "00:14:35", "text": "you have people buying so much"}, {"start": "00:14:33", "end": "00:14:38", "text": "cryptocurrency and then the prices"}, {"start": "00:14:35", "end": "00:14:40", "text": "actually end up falling down? How do we"}, {"start": "00:14:38", "end": "00:14:43", "text": "hear"}, {"start": "00:14:40", "end": "00:14:47", "text": "that Visa, Mastercard,"}, {"start": "00:14:43", "end": "00:14:50", "text": "Fidelity, uh JP Morgan, and what was the"}, {"start": "00:14:47", "end": "00:14:52", "text": "other one? Was it Morgan Stanley? that"}, {"start": "00:14:50", "end": "00:14:55", "text": "their role actively"}, {"start": "00:14:52", "end": "00:14:57", "text": "tokenizing billions of dollars worth of"}, {"start": "00:14:55", "end": "00:14:59", "text": "assets on top of Salana, Ethereum, and"}, {"start": "00:14:57", "end": "00:15:01", "text": "Polygon,"}, {"start": "00:14:59", "end": "00:15:03", "text": "buying huge amounts of Ether. The amount"}, {"start": "00:15:01", "end": "00:15:05", "text": "of Ether that's been staked has never"}, {"start": "00:15:03", "end": "00:15:10", "text": "been higher. Never ever been higher."}, {"start": "00:15:05", "end": "00:15:13", "text": "institutions are buying 5% 5% 5% 5% of"}, {"start": "00:15:10", "end": "00:15:16", "text": "Ether and then Ether falls"}, {"start": "00:15:13", "end": "00:15:21", "text": "60 70% from its previous all-time high"}, {"start": "00:15:16", "end": "00:15:23", "text": "while the buying is happening now."}, {"start": "00:15:21", "end": "00:15:26", "text": "It's incredibly heavy-handed"}, {"start": "00:15:23", "end": "00:15:28", "text": "manipulation."}, {"start": "00:15:26", "end": "00:15:29", "text": "And this is why a lot of these people"}, {"start": "00:15:28", "end": "00:15:30", "text": "you you're going to see a lot of these"}, {"start": "00:15:29", "end": "00:15:33", "text": "people are coming forward and they're"}, {"start": "00:15:30", "end": "00:15:35", "text": "like something is off because none of"}, {"start": "00:15:33", "end": "00:15:36", "text": "this should actually be happening. It"}, {"start": "00:15:35", "end": "00:15:39", "text": "appears"}, {"start": "00:15:36", "end": "00:15:42", "text": "any kind of buying pressure that we have"}, {"start": "00:15:39", "end": "00:15:45", "text": "is just basically being like absorbed by"}, {"start": "00:15:42", "end": "00:15:48", "text": "paper."}, {"start": "00:15:45", "end": "00:15:51", "text": "He said, and I quote, \"Somebody wants to"}, {"start": "00:15:48", "end": "00:15:53", "text": "own Bitcoin, but they're not buying"}, {"start": "00:15:51", "end": "00:15:55", "text": "Bitcoin. They're buying a call on"}, {"start": "00:15:53", "end": "00:15:58", "text": "Bitcoin. If you don't have those"}, {"start": "00:15:55", "end": "00:16:00", "text": "derivatives there, then if you want to"}, {"start": "00:15:58", "end": "00:16:02", "text": "own Bitcoin, you got to own Bitcoin.\""}, {"start": "00:16:00", "end": "00:16:05", "text": "Now you buy a derivative on Bitcoin and"}, {"start": "00:16:02", "end": "00:16:07", "text": "it starts to get sloppier,"}, {"start": "00:16:05", "end": "00:16:09", "text": "looser, gross. Those are terrible words"}, {"start": "00:16:07", "end": "00:16:12", "text": "to use there. For Groman, that"}, {"start": "00:16:09", "end": "00:16:15", "text": "distinction matters most over shorter"}, {"start": "00:16:12", "end": "00:16:18", "text": "windows. He argued that policymakers can"}, {"start": "00:16:15", "end": "00:16:21", "text": "manage optics to make a lot of things in"}, {"start": "00:16:18", "end": "00:16:22", "text": "the long term even if they cannot do so"}, {"start": "00:16:21", "end": "00:16:25", "text": "indefinitely."}, {"start": "00:16:22", "end": "00:16:30", "text": "Luke Groman on why Bitcoin might keep"}, {"start": "00:16:25", "end": "00:16:33", "text": "stalling around 58,000 to $72,000."}, {"start": "00:16:30", "end": "00:16:36", "text": "It says big players can satisfy demand"}, {"start": "00:16:33", "end": "00:16:39", "text": "with paper bets instead of buying real"}, {"start": "00:16:36", "end": "00:16:41", "text": "Bitcoin which holds the price back. That"}, {"start": "00:16:39", "end": "00:16:44", "text": "was an argument even last year. Somebody"}, {"start": "00:16:41", "end": "00:16:47", "text": "was talking about that and they said"}, {"start": "00:16:44", "end": "00:16:50", "text": "do do you remember this? Someone was"}, {"start": "00:16:47", "end": "00:16:53", "text": "talking about just the purchases from"}, {"start": "00:16:50", "end": "00:16:56", "text": "Micro Strategy alone."}, {"start": "00:16:53", "end": "00:16:58", "text": "You have to understand"}, {"start": "00:16:56", "end": "00:17:01", "text": "if there's only"}, {"start": "00:16:58", "end": "00:17:03", "text": "21 million of something,"}, {"start": "00:17:01", "end": "00:17:05", "text": "20 million of it exists,"}, {"start": "00:17:03", "end": "00:17:09", "text": "6 million of it are lost and gone. That"}, {"start": "00:17:05", "end": "00:17:14", "text": "leaves 14 million. and you have a"}, {"start": "00:17:09", "end": "00:17:17", "text": "company over the course of"}, {"start": "00:17:14", "end": "00:17:21", "text": "18 20 months"}, {"start": "00:17:17", "end": "00:17:25", "text": "buying 7 to 8% of all the Bitcoin that"}, {"start": "00:17:21", "end": "00:17:27", "text": "there is or will ever be. Bitcoin's"}, {"start": "00:17:25", "end": "00:17:30", "text": "think about that."}, {"start": "00:17:27", "end": "00:17:32", "text": "Imagine all the gold that there is. It's"}, {"start": "00:17:30", "end": "00:17:35", "text": "sitting on a table and a company says"}, {"start": "00:17:32", "end": "00:17:36", "text": "we're going to buy 7% of it right now or"}, {"start": "00:17:35", "end": "00:17:38", "text": "rather over the course of a year and a"}, {"start": "00:17:36", "end": "00:17:41", "text": "half. Another company says, \"Cool. We"}, {"start": "00:17:38", "end": "00:17:44", "text": "want the exact same thing.\" A bunch of"}, {"start": "00:17:41", "end": "00:17:46", "text": "family offices begin to buy huge amounts"}, {"start": "00:17:44", "end": "00:17:47", "text": "of Bitcoin. Governments are like, \"Okay,"}, {"start": "00:17:46", "end": "00:17:49", "text": "cool. We're also going to start to buy"}, {"start": "00:17:47", "end": "00:17:51", "text": "some as well.\" Central banks around the"}, {"start": "00:17:49", "end": "00:17:54", "text": "world start buying huge amounts of"}, {"start": "00:17:51", "end": "00:17:58", "text": "Bitcoin also through the SEC filings and"}, {"start": "00:17:54", "end": "00:18:04", "text": "etc, etc. And then Bitcoin drops by half"}, {"start": "00:17:58", "end": "00:18:04", "text": "in price during that same exact time."}, {"start": "00:18:04", "end": "00:18:09", "text": "There were multiple articles I I think I"}, {"start": "00:18:07", "end": "00:18:11", "text": "think one of them was like an analytical"}, {"start": "00:18:09", "end": "00:18:14", "text": "thing that came from Coinbase I think"}, {"start": "00:18:11", "end": "00:18:16", "text": "and it basically said that that just"}, {"start": "00:18:14", "end": "00:18:20", "text": "micro strategies buying alone should"}, {"start": "00:18:16", "end": "00:18:24", "text": "have pushed us well over 200,000 just"}, {"start": "00:18:20", "end": "00:18:27", "text": "them alone they have over 800,000"}, {"start": "00:18:24", "end": "00:18:30", "text": "Bitcoin you can't buy that much of an"}, {"start": "00:18:27", "end": "00:18:32", "text": "asset have prices go down and not be"}, {"start": "00:18:30", "end": "00:18:35", "text": "some form of market manipulation by some"}, {"start": "00:18:32", "end": "00:18:39", "text": "player within the space."}, {"start": "00:18:35", "end": "00:18:42", "text": "Black Rockck and Fidelity are in crypto."}, {"start": "00:18:39", "end": "00:18:45", "text": "Goldman Sachs and Morgan Stanley"}, {"start": "00:18:42", "end": "00:18:48", "text": "announced last month they're launching"}, {"start": "00:18:45", "end": "00:18:49", "text": "Bitcoin ETFs"}, {"start": "00:18:48", "end": "00:18:52", "text": "and they're both launching"}, {"start": "00:18:49", "end": "00:18:56", "text": "cryptocurrency trading desks. These are"}, {"start": "00:18:52", "end": "00:19:00", "text": "the largest institutions on the planet."}, {"start": "00:18:56", "end": "00:19:04", "text": "And Bitcoin's price fell by half, more"}, {"start": "00:19:00", "end": "00:19:04", "text": "than half, actually."}, {"start": "00:19:05", "end": "00:19:11", "text": "He said it's worked on gold for years,"}, {"start": "00:19:09", "end": "00:19:14", "text": "but he doesn't think it lasts forever"}, {"start": "00:19:11", "end": "00:19:16", "text": "with Bitcoin."}, {"start": "00:19:14", "end": "00:19:18", "text": "We had this for I mean this this was a"}, {"start": "00:19:16", "end": "00:19:20", "text": "very old conversation when it came to"}, {"start": "00:19:18", "end": "00:19:22", "text": "gold cuz a lot of people were quite"}, {"start": "00:19:20", "end": "00:19:25", "text": "flustered especially like about a decade"}, {"start": "00:19:22", "end": "00:19:28", "text": "ago. That's when we started hearing oh"}, {"start": "00:19:25", "end": "00:19:31", "text": "what was it? There was some Was it a"}, {"start": "00:19:28", "end": "00:19:33", "text": "Greek bank? No. Oh gosh. I I had it but"}, {"start": "00:19:31", "end": "00:19:35", "text": "it's gone. There was some bank that"}, {"start": "00:19:33", "end": "00:19:36", "text": "collapsed and then also a decade ago we"}, {"start": "00:19:35", "end": "00:19:38", "text": "had like news that other banks were"}, {"start": "00:19:36", "end": "00:19:40", "text": "beginning to fall as well. And there"}, {"start": "00:19:38", "end": "00:19:42", "text": "were certain days where you'd look at"}, {"start": "00:19:40", "end": "00:19:46", "text": "gold's price and gold would be up by 1%."}, {"start": "00:19:42", "end": "00:19:47", "text": "The next day it's down by five"}, {"start": "00:19:46", "end": "00:19:50", "text": "and then it would just kind of keep on"}, {"start": "00:19:47", "end": "00:19:54", "text": "falling and or going sideways. So yes,"}, {"start": "00:19:50", "end": "00:19:57", "text": "the discussion now is and I would love"}, {"start": "00:19:54", "end": "00:19:59", "text": "if more people had these discussions. A"}, {"start": "00:19:57", "end": "00:20:02", "text": "lot of people tend to, I won't say bend"}, {"start": "00:19:59", "end": "00:20:04", "text": "the knee, but there's always this kind"}, {"start": "00:20:02", "end": "00:20:07", "text": "of idea that rich people are going to"}, {"start": "00:20:04", "end": "00:20:09", "text": "save us. And I've been saying before,"}, {"start": "00:20:07", "end": "00:20:11", "text": "they don't care about us"}, {"start": "00:20:09", "end": "00:20:14", "text": "in any way, shape, or form. We are not"}, {"start": "00:20:11", "end": "00:20:15", "text": "on their radar. We don't even exist to"}, {"start": "00:20:14", "end": "00:20:17", "text": "them. They're buying up all the crypto"}, {"start": "00:20:15", "end": "00:20:20", "text": "for themselves. They're willing to"}, {"start": "00:20:17", "end": "00:20:22", "text": "manipulate the market for a decade to be"}, {"start": "00:20:20", "end": "00:20:23", "text": "able to get you out of it so that they"}, {"start": "00:20:22", "end": "00:20:26", "text": "can secure their position and then"}, {"start": "00:20:23", "end": "00:20:29", "text": "essentially become multi-billionaires"}, {"start": "00:20:26", "end": "00:20:31", "text": "from all of this in activity that we"}, {"start": "00:20:29", "end": "00:20:33", "text": "have going on. It's it's it says"}, {"start": "00:20:31", "end": "00:20:38", "text": "frustration zone even on the on the"}, {"start": "00:20:33", "end": "00:20:40", "text": "article, but uh I I think it's uh way"}, {"start": "00:20:38", "end": "00:20:43", "text": "more than that at this point just"}, {"start": "00:20:40", "end": "00:20:46", "text": "because it's not that crypto is"}, {"start": "00:20:43", "end": "00:20:49", "text": "illogical so much as"}, {"start": "00:20:46", "end": "00:20:53", "text": "because it is a new market and the"}, {"start": "00:20:49", "end": "00:20:57", "text": "cryptocurrency market cap isn't"}, {"start": "00:20:53", "end": "00:20:59", "text": "$118 trillion. It's kind of easy to"}, {"start": "00:20:57", "end": "00:21:01", "text": "manipulate the market and this is a lot"}, {"start": "00:20:59", "end": "00:21:03", "text": "of what we're seeing and I've seen I've"}, {"start": "00:21:01", "end": "00:21:05", "text": "seen the comments both here and on my"}, {"start": "00:21:03", "end": "00:21:07", "text": "other channel and I know that people are"}, {"start": "00:21:05", "end": "00:21:12", "text": "very flustered."}, {"start": "00:21:07", "end": "00:21:14", "text": "[snorts] We get good news all the time"}, {"start": "00:21:12", "end": "00:21:17", "text": "and it it's not it's not even small good"}, {"start": "00:21:14", "end": "00:21:20", "text": "news. Years do you remember there was"}, {"start": "00:21:17", "end": "00:21:23", "text": "this um there was a thing years ago"}, {"start": "00:21:20", "end": "00:21:26", "text": "where um was it NASCAR? I don't"}, {"start": "00:21:23", "end": "00:21:28", "text": "remember. There were all these companies"}, {"start": "00:21:26", "end": "00:21:31", "text": "who used to like put like Bitcoin and"}, {"start": "00:21:28", "end": "00:21:34", "text": "and Dogecoin like stickers on like race"}, {"start": "00:21:31", "end": "00:21:36", "text": "cars or there was a time where people"}, {"start": "00:21:34", "end": "00:21:38", "text": "were like going to Time Square and there"}, {"start": "00:21:36", "end": "00:21:40", "text": "was like like like a a Bitcoin ad"}, {"start": "00:21:38", "end": "00:21:41", "text": "somewhere and they record it with their"}, {"start": "00:21:40", "end": "00:21:44", "text": "phone, they'd upload it to Twitter and"}, {"start": "00:21:41", "end": "00:21:46", "text": "like the price would go up that day. Do"}, {"start": "00:21:44", "end": "00:21:49", "text": "you understand what it means for"}, {"start": "00:21:46", "end": "00:21:52", "text": "Bitcoin's price to go up? Because"}, {"start": "00:21:49", "end": "00:21:54", "text": "someone saw an advertisement of it in"}, {"start": "00:21:52", "end": "00:21:58", "text": "Time Square and like that was the level"}, {"start": "00:21:54", "end": "00:22:01", "text": "of hype where we were. We heard that"}, {"start": "00:21:58", "end": "00:22:03", "text": "these countries were unbanning Bitcoin."}, {"start": "00:22:01", "end": "00:22:05", "text": "We had rumors that this government was"}, {"start": "00:22:03", "end": "00:22:08", "text": "looking at Bitcoin. We had a rumor in"}, {"start": "00:22:05", "end": "00:22:09", "text": "2018"}, {"start": "00:22:08", "end": "00:22:11", "text": "2018"}, {"start": "00:22:09", "end": "00:22:15", "text": "that Black Rockck was secretly getting"}, {"start": "00:22:11", "end": "00:22:17", "text": "into the crypto. We had no proof. We had"}, {"start": "00:22:15", "end": "00:22:20", "text": "no proof at all that they were getting"}, {"start": "00:22:17", "end": "00:22:22", "text": "into the space. Prices would rise. We"}, {"start": "00:22:20", "end": "00:22:23", "text": "had news that this government was like,"}, {"start": "00:22:22", "end": "00:22:26", "text": "\"Yeah, you know, we think Bitcoin"}, {"start": "00:22:23", "end": "00:22:28", "text": "actually has some merit.\" The government"}, {"start": "00:22:26", "end": "00:22:31", "text": "didn't say, \"We're buying, we're"}, {"start": "00:22:28", "end": "00:22:33", "text": "holding, we're hoarding, we're mining.\""}, {"start": "00:22:31", "end": "00:22:34", "text": "They said, \"We we we we we understand"}, {"start": "00:22:33", "end": "00:22:37", "text": "it. We think it's okay. Bitcoin's price"}, {"start": "00:22:34", "end": "00:22:42", "text": "would go up.\""}, {"start": "00:22:37", "end": "00:22:46", "text": "That's how different the market was."}, {"start": "00:22:42", "end": "00:22:49", "text": "Now we have a situation where"}, {"start": "00:22:46", "end": "00:22:53", "text": "the company that owns the world"}, {"start": "00:22:49", "end": "00:22:59", "text": "is buying billions of dollars worth of"}, {"start": "00:22:53", "end": "00:23:02", "text": "Bitcoin and the price goes down."}, {"start": "00:22:59", "end": "00:23:04", "text": "A company announced in 2023 they were"}, {"start": "00:23:02", "end": "00:23:06", "text": "thinking of, you know, Bitcoin seems"}, {"start": "00:23:04", "end": "00:23:10", "text": "kind of cool. We're going to buy a"}, {"start": "00:23:06", "end": "00:23:13", "text": "couple hundred. In 2024, they announce"}, {"start": "00:23:10", "end": "00:23:17", "text": "we want a million Bitcoin."}, {"start": "00:23:13", "end": "00:23:21", "text": "Micro Strategy buys 20, 30, 40, 50, 60,"}, {"start": "00:23:17", "end": "00:23:24", "text": "70,000 Bitcoin per month and the price"}, {"start": "00:23:21", "end": "00:23:27", "text": "goes down."}, {"start": "00:23:24", "end": "00:23:30", "text": "the three largest banks in Canada,"}, {"start": "00:23:27", "end": "00:23:34", "text": "multiple banks in Mexico, tons of banks"}, {"start": "00:23:30", "end": "00:23:37", "text": "across Europe, Asia. We find out through"}, {"start": "00:23:34", "end": "00:23:39", "text": "SEC filings, they hold hundreds of"}, {"start": "00:23:37", "end": "00:23:42", "text": "millions of dollars and billions of"}, {"start": "00:23:39", "end": "00:23:45", "text": "dollars worth of Bitcoin. The price goes"}, {"start": "00:23:42", "end": "00:23:45", "text": "down."}, {"start": "00:23:46", "end": "00:23:51", "text": "How is the only word that comes to and I"}, {"start": "00:23:48", "end": "00:23:52", "text": "know it's possible. I've uh I I don't"}, {"start": "00:23:51", "end": "00:23:55", "text": "remember who you are, but I remember two"}, {"start": "00:23:52", "end": "00:23:57", "text": "or three years ago. Uh hello to you."}, {"start": "00:23:55", "end": "00:23:58", "text": "Someone in the comment section broke it"}, {"start": "00:23:57", "end": "00:24:02", "text": "down like exactly how manipulation"}, {"start": "00:23:58", "end": "00:24:03", "text": "works. It's incredibly sophisticated."}, {"start": "00:24:02", "end": "00:24:05", "text": "It's like hyper movements. It's using"}, {"start": "00:24:03", "end": "00:24:09", "text": "bots. It's making sure that like there's"}, {"start": "00:24:05", "end": "00:24:12", "text": "never if if if the bots basically see"}, {"start": "00:24:09", "end": "00:24:14", "text": "like like there's like a buyin point for"}, {"start": "00:24:12", "end": "00:24:16", "text": "everyone. So it's we we we would call it"}, {"start": "00:24:14", "end": "00:24:18", "text": "FOMO, but there's a buyin point. So,"}, {"start": "00:24:16", "end": "00:24:19", "text": "let's say Bitcoin's at $10,000 and"}, {"start": "00:24:18", "end": "00:24:22", "text": "you're like, I'm going to wait for"}, {"start": "00:24:19", "end": "00:24:26", "text": "Bitcoin to go down to 8,000. Bitcoin"}, {"start": "00:24:22", "end": "00:24:27", "text": "goes to 12, 13, 14, 17. You FOMO and you"}, {"start": "00:24:26", "end": "00:24:29", "text": "start buying into the market. That's"}, {"start": "00:24:27", "end": "00:24:32", "text": "your buying point. They were explaining"}, {"start": "00:24:29", "end": "00:24:35", "text": "that these these these these algorithms,"}, {"start": "00:24:32", "end": "00:24:37", "text": "they basically know exactly when the"}, {"start": "00:24:35", "end": "00:24:40", "text": "public would want to buy into Bitcoin."}, {"start": "00:24:37", "end": "00:24:42", "text": "Remember how we were talking for a while"}, {"start": "00:24:40", "end": "00:24:44", "text": "when Bitcoin goes back over a 100,000?"}, {"start": "00:24:42", "end": "00:24:46", "text": "That's the psychological point for"}, {"start": "00:24:44", "end": "00:24:48", "text": "people to be like, \"Okay, I I'm I'm"}, {"start": "00:24:46", "end": "00:24:50", "text": "going to miss out. I have to buy before"}, {"start": "00:24:48", "end": "00:24:52", "text": "it goes to 200, before it goes to half a"}, {"start": "00:24:50", "end": "00:24:55", "text": "million.\" And you make sure that you"}, {"start": "00:24:52", "end": "00:24:56", "text": "always keep it below that point. You"}, {"start": "00:24:55", "end": "00:24:58", "text": "keep it in a zone where everyone is"}, {"start": "00:24:56", "end": "00:25:00", "text": "like, \"Nothing's happening. It's not"}, {"start": "00:24:58", "end": "00:25:03", "text": "moving. Why isn't anything taking"}, {"start": "00:25:00", "end": "00:25:07", "text": "place?\" While these companies and"}, {"start": "00:25:03", "end": "00:25:09", "text": "institutions and governments are buying"}, {"start": "00:25:07", "end": "00:25:11", "text": "everything,"}, {"start": "00:25:09", "end": "00:25:15", "text": "one of my biggest fe like you don't get"}, {"start": "00:25:11", "end": "00:25:16", "text": "how big this actually is. When we got"}, {"start": "00:25:15", "end": "00:25:19", "text": "news, first of all, on top of all of"}, {"start": "00:25:16", "end": "00:25:23", "text": "that, that's like 3% of everything. When"}, {"start": "00:25:19", "end": "00:25:26", "text": "we got news about that company accepting"}, {"start": "00:25:23", "end": "00:25:30", "text": "Bitcoin for mortgages,"}, {"start": "00:25:26", "end": "00:25:33", "text": "I had like a like a my whole life"}, {"start": "00:25:30", "end": "00:25:36", "text": "flashed before my eyes."}, {"start": "00:25:33", "end": "00:25:39", "text": "That company's accepting Bitcoin for"}, {"start": "00:25:36", "end": "00:25:42", "text": "mortgages. I was like, Bitcoin's going"}, {"start": "00:25:39", "end": "00:25:45", "text": "to a million dollars per coin. That news"}, {"start": "00:25:42", "end": "00:25:47", "text": "made no waves because behind the scenes"}, {"start": "00:25:45", "end": "00:25:49", "text": "anyone if if anyone's buying in if you b"}, {"start": "00:25:47", "end": "00:25:50", "text": "you know how like sometimes you buy into"}, {"start": "00:25:49", "end": "00:25:52", "text": "the market what you don't understand is"}, {"start": "00:25:50", "end": "00:25:55", "text": "that it happens to all of us at the same"}, {"start": "00:25:52", "end": "00:25:58", "text": "time. There's a literal psychological"}, {"start": "00:25:55", "end": "00:25:59", "text": "level that we as investors all have. If"}, {"start": "00:25:58", "end": "00:26:01", "text": "you woke up in the morning and you saw"}, {"start": "00:25:59", "end": "00:26:04", "text": "that Bitcoin was up by 6%. We would all"}, {"start": "00:26:01", "end": "00:26:06", "text": "have this like flash of panic like we"}, {"start": "00:26:04", "end": "00:26:08", "text": "got to buy now before it goes up even"}, {"start": "00:26:06", "end": "00:26:10", "text": "higher. And then the next day you see"}, {"start": "00:26:08", "end": "00:26:11", "text": "that the price has gone down and we're"}, {"start": "00:26:10", "end": "00:26:13", "text": "all talking about, yeah, you know, the"}, {"start": "00:26:11", "end": "00:26:15", "text": "price went down after I bought. That"}, {"start": "00:26:13", "end": "00:26:19", "text": "happens on purpose. It's to make us"}, {"start": "00:26:15", "end": "00:26:21", "text": "annoyed and angry."}, {"start": "00:26:19", "end": "00:26:23", "text": "Everything is literally just making sure"}, {"start": "00:26:21", "end": "00:26:25", "text": "that like the public isn't in all of"}, {"start": "00:26:23", "end": "00:26:28", "text": "this."}, {"start": "00:26:25", "end": "00:26:31", "text": "One of my biggest fears"}, {"start": "00:26:28", "end": "00:26:34", "text": "is that this is going to pass by so many"}, {"start": "00:26:31", "end": "00:26:36", "text": "people because of generalized levels of"}, {"start": "00:26:34", "end": "00:26:38", "text": "frustration."}, {"start": "00:26:36", "end": "00:26:40", "text": "So many people don't invest because they"}, {"start": "00:26:38", "end": "00:26:42", "text": "get annoyed because they they heard the"}, {"start": "00:26:40", "end": "00:26:44", "text": "stock market fell down once a couple of"}, {"start": "00:26:42", "end": "00:26:46", "text": "years ago. There there are tons of"}, {"start": "00:26:44", "end": "00:26:48", "text": "people who don't invest in crypto cuz"}, {"start": "00:26:46", "end": "00:26:50", "text": "they look at the price the price has"}, {"start": "00:26:48", "end": "00:26:53", "text": "gone down. Well, my my friend was"}, {"start": "00:26:50", "end": "00:26:55", "text": "telling me that all these companies got"}, {"start": "00:26:53", "end": "00:26:58", "text": "into the market. Didn't that government"}, {"start": "00:26:55", "end": "00:26:59", "text": "also buy stuff? [snorts] What what's"}, {"start": "00:26:58", "end": "00:27:01", "text": "happening with that thing? And then they"}, {"start": "00:26:59", "end": "00:27:05", "text": "open up their phone and they do like the"}, {"start": "00:27:01", "end": "00:27:08", "text": "one-year chart. Bitcoin's down by 50. I"}, {"start": "00:27:05", "end": "00:27:10", "text": "I guess all the news was fake. I guess"}, {"start": "00:27:08", "end": "00:27:11", "text": "it's not happening. You can't tell them"}, {"start": "00:27:10", "end": "00:27:13", "text": "that it's manipulation cuz they'll look"}, {"start": "00:27:11", "end": "00:27:15", "text": "at you and go, \"Well, I definitely don't"}, {"start": "00:27:13", "end": "00:27:17", "text": "want to get into the market.\""}, {"start": "00:27:15", "end": "00:27:21", "text": "What happens if Bitcoin goes to a"}, {"start": "00:27:17", "end": "00:27:24", "text": "million dollars per coin?"}, {"start": "00:27:21", "end": "00:27:26", "text": "Like these people, and I almost cursed,"}, {"start": "00:27:24", "end": "00:27:28", "text": "they're they're up the creek without a"}, {"start": "00:27:26", "end": "00:27:31", "text": "paddle. They don't even have a paddle."}, {"start": "00:27:28", "end": "00:27:32", "text": "They don't have they don't have a boat."}, {"start": "00:27:31", "end": "00:27:35", "text": "They don't have a life vest. They have"}, {"start": "00:27:32", "end": "00:27:39", "text": "nothing."}, {"start": "00:27:35", "end": "00:27:40", "text": "So, I I told you all of that before."}, {"start": "00:27:39", "end": "00:27:42", "text": "Bitcoin's going to succeed because of"}, {"start": "00:27:40", "end": "00:27:44", "text": "all the news that we have because"}, {"start": "00:27:42", "end": "00:27:46", "text": "they're they're they're going to make"}, {"start": "00:27:44", "end": "00:27:50", "text": "sure that Bitcoin succeeds, but they're"}, {"start": "00:27:46", "end": "00:27:52", "text": "going to own all of it. The the buying"}, {"start": "00:27:50", "end": "00:27:54", "text": "pressure hasn't stopped when when you"}, {"start": "00:27:52", "end": "00:27:55", "text": "look at the news, when you look at"}, {"start": "00:27:54", "end": "00:27:58", "text": "prices, and you see the and I air quote"}, {"start": "00:27:55", "end": "00:28:00", "text": "here that things have gone down."}, {"start": "00:27:58", "end": "00:28:02", "text": "There are still there are pages on"}, {"start": "00:28:00", "end": "00:28:04", "text": "Twitter that follow multi I don't know"}, {"start": "00:28:02", "end": "00:28:05", "text": "what the name of these accounts are but"}, {"start": "00:28:04", "end": "00:28:08", "text": "they follow like the actual buying"}, {"start": "00:28:05", "end": "00:28:10", "text": "patterns and we can see in real time"}, {"start": "00:28:08", "end": "00:28:13", "text": "that like that address still bought 100"}, {"start": "00:28:10", "end": "00:28:16", "text": "Bitcoin there was still $66 million"}, {"start": "00:28:13", "end": "00:28:20", "text": "worth of inflows"}, {"start": "00:28:16", "end": "00:28:23", "text": "micro strategy you know just bought more"}, {"start": "00:28:20", "end": "00:28:25", "text": "and then the price goes down. It's meant"}, {"start": "00:28:23", "end": "00:28:28", "text": "to It's meant to literally wear us down"}, {"start": "00:28:25", "end": "00:28:31", "text": "as well. And it works incredibly well. I"}, {"start": "00:28:28", "end": "00:28:35", "text": "told you that before. I always know when"}, {"start": "00:28:31", "end": "00:28:37", "text": "we're in some kind of a bare market,"}, {"start": "00:28:35", "end": "00:28:40", "text": "winter, whatever term you want to use,"}, {"start": "00:28:37", "end": "00:28:42", "text": "cuz I look at my views. It's it's it"}, {"start": "00:28:40", "end": "00:28:45", "text": "happens almost instantaneously. I can"}, {"start": "00:28:42", "end": "00:28:48", "text": "tell when the masses have grown annoyed"}, {"start": "00:28:45", "end": "00:28:50", "text": "with crypto. But it also fits directly"}, {"start": "00:28:48", "end": "00:28:52", "text": "into the four-year cycle. People get"}, {"start": "00:28:50", "end": "00:28:54", "text": "really flustered with the market and"}, {"start": "00:28:52", "end": "00:28:56", "text": "they leave. They think, \"Well, crypto is"}, {"start": "00:28:54", "end": "00:28:58", "text": "not going to go anywhere. It's it's not"}, {"start": "00:28:56", "end": "00:29:00", "text": "going to move.\" Over the course of a"}, {"start": "00:28:58", "end": "00:29:02", "text": "three-year period, you and I sit here"}, {"start": "00:29:00", "end": "00:29:04", "text": "and we see the recovery. We have some"}, {"start": "00:29:02", "end": "00:29:06", "text": "bad days, but we also have some great"}, {"start": "00:29:04", "end": "00:29:07", "text": "days. And then at some point, the market"}, {"start": "00:29:06", "end": "00:29:09", "text": "moves back up. And these people rush"}, {"start": "00:29:07", "end": "00:29:11", "text": "back into the market, but then they're"}, {"start": "00:29:09", "end": "00:29:14", "text": "buying in at at a price that's 5x what"}, {"start": "00:29:11", "end": "00:29:17", "text": "it was before. They get annoyed because"}, {"start": "00:29:14", "end": "00:29:20", "text": "they they push their money into Bitcoin"}, {"start": "00:29:17", "end": "00:29:22", "text": "when it's at 70,000 already. Then"}, {"start": "00:29:20", "end": "00:29:23", "text": "Bitcoin starts falling down and they go,"}, {"start": "00:29:22", "end": "00:29:28", "text": "\"I knew it was a scam.\" And it's like,"}, {"start": "00:29:23", "end": "00:29:30", "text": "\"No, you missed the last 3 years."}, {"start": "00:29:28", "end": "00:29:32", "text": "We've never had adoption like this.\" And"}, {"start": "00:29:30", "end": "00:29:34", "text": "I already know what's going to happen. I"}, {"start": "00:29:32", "end": "00:29:36", "text": "know that the world's not going to wake"}, {"start": "00:29:34", "end": "00:29:40", "text": "up. I know that we're not going to have"}, {"start": "00:29:36", "end": "00:29:44", "text": "a billion people like I want uh owning"}, {"start": "00:29:40", "end": "00:29:47", "text": "0.01 01 bitcoin or 001 I don't care what"}, {"start": "00:29:44", "end": "00:29:49", "text": "number it is but uh no this like this is"}, {"start": "00:29:47", "end": "00:29:53", "text": "all going according to plan so a lot of"}, {"start": "00:29:49", "end": "00:29:56", "text": "the news is I think beginning to"}, {"start": "00:29:53", "end": "00:29:59", "text": "dive deeper into what's actually"}, {"start": "00:29:56", "end": "00:30:02", "text": "happening what's taking place uh what"}, {"start": "00:29:59", "end": "00:30:04", "text": "should be what currently isn't and I"}, {"start": "00:30:02", "end": "00:30:06", "text": "once again I want more people to"}, {"start": "00:30:04", "end": "00:30:09", "text": "actually have these discussions because"}, {"start": "00:30:06", "end": "00:30:11", "text": "usually we kind of get like rosecolored"}, {"start": "00:30:09", "end": "00:30:13", "text": "glasses kinds of things for for for for"}, {"start": "00:30:11", "end": "00:30:16", "text": "with with the crypto space. But no, this"}, {"start": "00:30:13", "end": "00:30:18", "text": "is how manipulation works."}, {"start": "00:30:16", "end": "00:30:20", "text": "So"}, {"start": "00:30:18", "end": "00:30:21", "text": "yeah, a lot of the news floating around"}, {"start": "00:30:20", "end": "00:30:22", "text": "right now, I don't know if you've seen"}, {"start": "00:30:21", "end": "00:30:26", "text": "it, like all these charts and people are"}, {"start": "00:30:22", "end": "00:30:30", "text": "drawing lines and uh a lot of it, if not"}, {"start": "00:30:26", "end": "00:30:34", "text": "all of it, is revolving around this idea"}, {"start": "00:30:30", "end": "00:30:36", "text": "of things aren't the greatest right now,"}, {"start": "00:30:34", "end": "00:30:38", "text": "but we're basically like about to turn"}, {"start": "00:30:36", "end": "00:30:40", "text": "the corner. So yeah, if you're a"}, {"start": "00:30:38", "end": "00:30:44", "text": "long-term investor, then,"}, {"start": "00:30:40", "end": "00:30:48", "text": "you know, keep long-term investing. Um,"}, {"start": "00:30:44", "end": "00:30:50", "text": "I do hope that you have all enjoyed."}, {"start": "00:30:48", "end": "00:30:52", "text": "I do hope that you all are having a"}, {"start": "00:30:50", "end": "00:30:54", "text": "great day, a great morning, afternoon,"}, {"start": "00:30:52", "end": "00:30:56", "text": "evening, wherever you are, wherever you"}, {"start": "00:30:54", "end": "00:30:58", "text": "might be. I do hope that it is"}, {"start": "00:30:56", "end": "00:31:00", "text": "absolutely fantastic. Thank you all once"}, {"start": "00:30:58", "end": "00:31:02", "text": "again for watching, listening, liking,"}, {"start": "00:31:00", "end": "00:31:05", "text": "commenting, and supporting. and I will"}, {"start": "00:31:02", "end": "00:31:08", "text": "most certainly be talking to you all"}, {"start": "00:31:05", "end": "00:31:08", "text": "soon."}, {"start": "00:31:08", "end": "00:31:12", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:06", "text": "Hello everybody."}, {"start": "00:00:03", "end": "00:00:08", "text": "Welcome back to the channel. Sorry, I'm"}, {"start": "00:00:06", "end": "00:00:11", "text": "a bit exhausted. Welcome back to the"}, {"start": "00:00:08", "end": "00:00:13", "text": "channel. Hope you're all doing well."}, {"start": "00:00:11", "end": "00:00:15", "text": "Hope everyone out there is doing"}, {"start": "00:00:13", "end": "00:00:18", "text": "fantastic"}, {"start": "00:00:15", "end": "00:00:21", "text": "uh even with all of the"}, {"start": "00:00:18", "end": "00:00:24", "text": "mild chaos that we currently have going"}, {"start": "00:00:21", "end": "00:00:25", "text": "on and that you're all having a great"}, {"start": "00:00:24", "end": "00:00:29", "text": "day."}, {"start": "00:00:25", "end": "00:00:31", "text": "Don't forget to follow me uh across the"}, {"start": "00:00:29", "end": "00:00:35", "text": "internet if you will. There's a a link"}, {"start": "00:00:31", "end": "00:00:38", "text": "tree link in the description below. Very"}, {"start": "00:00:35", "end": "00:00:42", "text": "big thank you to everyone who leaves a"}, {"start": "00:00:38", "end": "00:00:44", "text": "like on the videos as well. A very big"}, {"start": "00:00:42", "end": "00:00:48", "text": "thank you to my Patreon supporters,"}, {"start": "00:00:44", "end": "00:00:53", "text": "Trent Jackson, Gilboa Snake, and Finley"}, {"start": "00:00:48", "end": "00:00:56", "text": "Bass. I do thank thee. Yeah, bit of a"}, {"start": "00:00:53", "end": "00:00:59", "text": "weird time to be in the space, to be in"}, {"start": "00:00:56", "end": "00:01:02", "text": "the market. Uh, it's it's it's becoming"}, {"start": "00:00:59", "end": "00:01:07", "text": "weirder as as time kind of goes on just"}, {"start": "00:01:02", "end": "00:01:08", "text": "because of uh huge levels of dare I say"}, {"start": "00:01:07", "end": "00:01:10", "text": "uncertainty"}, {"start": "00:01:08", "end": "00:01:12", "text": "where the market's going to go, uh,"}, {"start": "00:01:10", "end": "00:01:15", "text": "where the stock market is going to go. a"}, {"start": "00:01:12", "end": "00:01:18", "text": "lot of discussions surrounding AI and"}, {"start": "00:01:15", "end": "00:01:22", "text": "the future of crypto and tokenization"}, {"start": "00:01:18", "end": "00:01:25", "text": "and stable coins. The bizarre part of a"}, {"start": "00:01:22", "end": "00:01:27", "text": "lot of this, at least for me, is that"}, {"start": "00:01:25", "end": "00:01:30", "text": "like, and I would put it this way, is"}, {"start": "00:01:27", "end": "00:01:32", "text": "that crypto adoption is like still like"}, {"start": "00:01:30", "end": "00:01:36", "text": "going full force."}, {"start": "00:01:32", "end": "00:01:39", "text": "So depending on which metric or which"}, {"start": "00:01:36", "end": "00:01:42", "text": "narrative we we tend to be in on any"}, {"start": "00:01:39", "end": "00:01:44", "text": "given day, cryptocurrency news tends to"}, {"start": "00:01:42", "end": "00:01:46", "text": "still be"}, {"start": "00:01:44", "end": "00:01:48", "text": "quite optimistic."}, {"start": "00:01:46", "end": "00:01:50", "text": "So we'll have two days where prices are"}, {"start": "00:01:48", "end": "00:01:53", "text": "going down, but a lot of the news will"}, {"start": "00:01:50", "end": "00:01:54", "text": "be this company is still launching this,"}, {"start": "00:01:53", "end": "00:01:57", "text": "this company is going to be launching"}, {"start": "00:01:54", "end": "00:01:59", "text": "that, this company intends to do this."}, {"start": "00:01:57", "end": "00:02:02", "text": "We get some kind of crazy Visa and"}, {"start": "00:01:59", "end": "00:02:05", "text": "Mastercard news or I I I don't know."}, {"start": "00:02:02", "end": "00:02:08", "text": "It's it's it's this time frame feels"}, {"start": "00:02:05", "end": "00:02:11", "text": "heavily reminiscent"}, {"start": "00:02:08", "end": "00:02:14", "text": "of years ago in the crypto market when"}, {"start": "00:02:11", "end": "00:02:17", "text": "we kind of first began to get huge"}, {"start": "00:02:14", "end": "00:02:20", "text": "amounts of adoption. And I mean it was"}, {"start": "00:02:17", "end": "00:02:21", "text": "1/ 1,000th of what we have now. But"}, {"start": "00:02:20", "end": "00:02:24", "text": "whenever we got some kind of really good"}, {"start": "00:02:21", "end": "00:02:25", "text": "news on those days, prices would"}, {"start": "00:02:24", "end": "00:02:28", "text": "actually fall down. If you don't"}, {"start": "00:02:25", "end": "00:02:31", "text": "remember that, it was it was very odd"}, {"start": "00:02:28", "end": "00:02:32", "text": "because we'd go through the news,"}, {"start": "00:02:31", "end": "00:02:34", "text": "two companies would announce something"}, {"start": "00:02:32", "end": "00:02:37", "text": "positive and then this company would say"}, {"start": "00:02:34", "end": "00:02:39", "text": "like we're looking into buying Bitcoin"}, {"start": "00:02:37", "end": "00:02:41", "text": "and then some country would allow"}, {"start": "00:02:39", "end": "00:02:43", "text": "Bitcoin at the same exact time and this"}, {"start": "00:02:41", "end": "00:02:45", "text": "is no longer banned and that is"}, {"start": "00:02:43", "end": "00:02:48", "text": "happening and then we'd have news about"}, {"start": "00:02:45", "end": "00:02:49", "text": "like some bank in some country that was"}, {"start": "00:02:48", "end": "00:02:51", "text": "collapsing and then you'd look at"}, {"start": "00:02:49", "end": "00:02:53", "text": "Bitcoin's price and it would go down"}, {"start": "00:02:51", "end": "00:02:55", "text": "despite all the good news. That's kind"}, {"start": "00:02:53", "end": "00:02:57", "text": "of"}, {"start": "00:02:55", "end": "00:03:00", "text": "what it feels like now. I know crypto"}, {"start": "00:02:57", "end": "00:03:03", "text": "isn't heavily wrapped in uh logic or"}, {"start": "00:03:00", "end": "00:03:05", "text": "reality, especially after the last few"}, {"start": "00:03:03", "end": "00:03:07", "text": "years, but this is kind of one of those"}, {"start": "00:03:05", "end": "00:03:09", "text": "moments where uh it feels like people"}, {"start": "00:03:07", "end": "00:03:10", "text": "are afraid of the market. They don't"}, {"start": "00:03:09", "end": "00:03:12", "text": "know where the market's going to go. Are"}, {"start": "00:03:10", "end": "00:03:14", "text": "prices going to go lower? Are things"}, {"start": "00:03:12", "end": "00:03:16", "text": "going to rebound? And there's all these"}, {"start": "00:03:14", "end": "00:03:19", "text": "like question marks in the sky when"}, {"start": "00:03:16", "end": "00:03:21", "text": "we're constantly getting news that all"}, {"start": "00:03:19", "end": "00:03:24", "text": "major banks are tokenizing. We know"}, {"start": "00:03:21", "end": "00:03:25", "text": "which chains they're tokenizing on. We"}, {"start": "00:03:24", "end": "00:03:27", "text": "know who's buying up huge amounts of"}, {"start": "00:03:25", "end": "00:03:29", "text": "Bitcoin. We know that governments and"}, {"start": "00:03:27", "end": "00:03:34", "text": "central banks are mining Bitcoin and"}, {"start": "00:03:29", "end": "00:03:38", "text": "using it's it just feels uh"}, {"start": "00:03:34", "end": "00:03:41", "text": "perplexing is the word. So in uh this"}, {"start": "00:03:38", "end": "00:03:44", "text": "was definitely very popular news. They"}, {"start": "00:03:41", "end": "00:03:47", "text": "they intertwine into each other."}, {"start": "00:03:44", "end": "00:03:50", "text": "uh a lot of companies once again despite"}, {"start": "00:03:47", "end": "00:03:54", "text": "what might be happening with prices or"}, {"start": "00:03:50", "end": "00:03:57", "text": "in the news uh things adoption levels"}, {"start": "00:03:54", "end": "00:03:58", "text": "continue to increase and be and they"}, {"start": "00:03:57", "end": "00:04:00", "text": "seem like they're just moving in one"}, {"start": "00:03:58", "end": "00:04:04", "text": "direction."}, {"start": "00:04:00", "end": "00:04:07", "text": "Charles Schwab is back in the news and"}, {"start": "00:04:04", "end": "00:04:10", "text": "they have significantly expanded their"}, {"start": "00:04:07", "end": "00:04:11", "text": "president presidents in digital asset"}, {"start": "00:04:10", "end": "00:04:13", "text": "derivatives"}, {"start": "00:04:11", "end": "00:04:16", "text": "now offering almost roundthe-clock"}, {"start": "00:04:13", "end": "00:04:19", "text": "trading of select cryptocurrency futures"}, {"start": "00:04:16", "end": "00:04:23", "text": "contracts through its think or swim"}, {"start": "00:04:19", "end": "00:04:27", "text": "platform. The new system makes Bitcoin,"}, {"start": "00:04:23", "end": "00:04:31", "text": "Ether, Salana, and XRP futures available"}, {"start": "00:04:27", "end": "00:04:33", "text": "to clients 7 days a week for most hours"}, {"start": "00:04:31", "end": "00:04:36", "text": "of the day. I'll dig into that a little"}, {"start": "00:04:33", "end": "00:04:38", "text": "tiny bit. A lot of companies, not even"}, {"start": "00:04:36", "end": "00:04:40", "text": "just Charles Schwab, it's the NASDAQ,"}, {"start": "00:04:38", "end": "00:04:43", "text": "it's the New York Stock Exchange, it's"}, {"start": "00:04:40", "end": "00:04:45", "text": "every single place that has a banking"}, {"start": "00:04:43", "end": "00:04:47", "text": "andor stock kind of function, not the"}, {"start": "00:04:45", "end": "00:04:50", "text": "newer apps, but all the old systems."}, {"start": "00:04:47", "end": "00:04:54", "text": "They're trying to become 24/7 because"}, {"start": "00:04:50", "end": "00:04:56", "text": "they realize that a crypto is 24/7 and"}, {"start": "00:04:54", "end": "00:04:58", "text": "they want the market to basically be"}, {"start": "00:04:56", "end": "00:05:00", "text": "able to move at the same time. Uh but"}, {"start": "00:04:58", "end": "00:05:02", "text": "also just because of revenue. There's"}, {"start": "00:05:00", "end": "00:05:05", "text": "this really weird disconnect that we've"}, {"start": "00:05:02", "end": "00:05:08", "text": "had for a number of years. You must"}, {"start": "00:05:05", "end": "00:05:10", "text": "remember 10, 15, I give you a good 10"}, {"start": "00:05:08", "end": "00:05:13", "text": "years ago"}, {"start": "00:05:10", "end": "00:05:15", "text": "when you were trying to send money and"}, {"start": "00:05:13", "end": "00:05:17", "text": "it would take like days, especially,"}, {"start": "00:05:15", "end": "00:05:19", "text": "heaven forbid, should you have tried to"}, {"start": "00:05:17", "end": "00:05:22", "text": "send money to someone on a Friday at"}, {"start": "00:05:19", "end": "00:05:24", "text": "like 6:00 p.m. Oh my gosh, like that"}, {"start": "00:05:22", "end": "00:05:27", "text": "money is not getting there until maybe"}, {"start": "00:05:24", "end": "00:05:28", "text": "Monday afternoon. And then it was some"}, {"start": "00:05:27", "end": "00:05:30", "text": "kind of like a really weird thing with"}, {"start": "00:05:28", "end": "00:05:33", "text": "all these banks and companies being"}, {"start": "00:05:30", "end": "00:05:35", "text": "like, you know, our customers are"}, {"start": "00:05:33", "end": "00:05:37", "text": "complaining because you can send"}, {"start": "00:05:35", "end": "00:05:39", "text": "information at the speed of light and"}, {"start": "00:05:37", "end": "00:05:40", "text": "people can send tweets and you can watch"}, {"start": "00:05:39", "end": "00:05:42", "text": "videos on Instagram that someone just"}, {"start": "00:05:40", "end": "00:05:45", "text": "posted, but you can't send, you know,"}, {"start": "00:05:42", "end": "00:05:48", "text": "$49.99 that quick. So they're they're"}, {"start": "00:05:45", "end": "00:05:50", "text": "still trying to make it modern and"}, {"start": "00:05:48", "end": "00:05:51", "text": "futuristic that they can do all of these"}, {"start": "00:05:50", "end": "00:05:54", "text": "things when other companies have been"}, {"start": "00:05:51", "end": "00:05:57", "text": "doing it for a while. So, everyone's"}, {"start": "00:05:54", "end": "00:05:59", "text": "trying to jump onto the 24 hours a day"}, {"start": "00:05:57", "end": "00:06:01", "text": "bandwagon even when this company can't"}, {"start": "00:05:59", "end": "00:06:04", "text": "seemingly do it for most hours of the"}, {"start": "00:06:01", "end": "00:06:07", "text": "day. Uh-huh."}, {"start": "00:06:04", "end": "00:06:09", "text": "The secondary part is a lot of companies"}, {"start": "00:06:07", "end": "00:06:11", "text": "if"}, {"start": "00:06:09", "end": "00:06:13", "text": "usually when they try dipping their toes"}, {"start": "00:06:11", "end": "00:06:15", "text": "in crypto, I don't know why"}, {"start": "00:06:13", "end": "00:06:18", "text": "institutionally, they tend to start with"}, {"start": "00:06:15", "end": "00:06:21", "text": "futures. The thing about futures is, I"}, {"start": "00:06:18", "end": "00:06:23", "text": "mean, across the board, they're not"}, {"start": "00:06:21", "end": "00:06:24", "text": "really popular."}, {"start": "00:06:23", "end": "00:06:27", "text": "They're another thing that these"}, {"start": "00:06:24", "end": "00:06:31", "text": "institutions are trying to get people to"}, {"start": "00:06:27", "end": "00:06:33", "text": "get into, similar to uh ETFs, ETPs, some"}, {"start": "00:06:31", "end": "00:06:35", "text": "kind of a derivative revolving around"}, {"start": "00:06:33", "end": "00:06:37", "text": "crypto or Bitcoin in some form or"}, {"start": "00:06:35", "end": "00:06:39", "text": "fashion. So, they promote these because"}, {"start": "00:06:37", "end": "00:06:42", "text": "these are actually a lot easier to"}, {"start": "00:06:39", "end": "00:06:43", "text": "launch instead of ETFs."}, {"start": "00:06:42", "end": "00:06:46", "text": "If a company's trying to get an from"}, {"start": "00:06:43", "end": "00:06:48", "text": "from what we understand, if a company's"}, {"start": "00:06:46", "end": "00:06:50", "text": "trying to launch an ETF surrounding"}, {"start": "00:06:48", "end": "00:06:54", "text": "cryptocurrencies, it can take a while."}, {"start": "00:06:50", "end": "00:06:56", "text": "If they do it around futures, it it's"}, {"start": "00:06:54", "end": "00:06:59", "text": "almost nearly instantaneous. The thing"}, {"start": "00:06:56", "end": "00:07:03", "text": "about futures is is that a they can be"}, {"start": "00:06:59", "end": "00:07:07", "text": "used for great amounts of evil as we saw"}, {"start": "00:07:03", "end": "00:07:11", "text": "back in 2017 and 2018 and 2019 and 2020."}, {"start": "00:07:07", "end": "00:07:14", "text": "What a lot of institutions tend"}, {"start": "00:07:11", "end": "00:07:16", "text": "to use futures for is to actually short"}, {"start": "00:07:14", "end": "00:07:18", "text": "cryptocurrencies to like almost bet"}, {"start": "00:07:16", "end": "00:07:20", "text": "against it. And years ago, this had a"}, {"start": "00:07:18", "end": "00:07:22", "text": "very negative effect on the market. When"}, {"start": "00:07:20", "end": "00:07:24", "text": "whenever we saw that there were huge"}, {"start": "00:07:22", "end": "00:07:26", "text": "companies actually declaring that they"}, {"start": "00:07:24", "end": "00:07:29", "text": "thought that Bitcoin was too high or"}, {"start": "00:07:26", "end": "00:07:32", "text": "overvalued and it should be, you know,"}, {"start": "00:07:29", "end": "00:07:34", "text": "85% lower, they would put that price for"}, {"start": "00:07:32", "end": "00:07:36", "text": "the actual futures contracts. And then"}, {"start": "00:07:34", "end": "00:07:40", "text": "this was years ago. every single This"}, {"start": "00:07:36", "end": "00:07:43", "text": "was terrible. Every single Friday, every"}, {"start": "00:07:40", "end": "00:07:46", "text": "single Friday, I think it was the CME,"}, {"start": "00:07:43", "end": "00:07:48", "text": "the Chicago Merkantile Exchange. Every"}, {"start": "00:07:46", "end": "00:07:50", "text": "Friday, we would see Bitcoin's price go"}, {"start": "00:07:48", "end": "00:07:53", "text": "down because that's what the futures"}, {"start": "00:07:50", "end": "00:07:55", "text": "numbers said. Even crazier is that the"}, {"start": "00:07:53", "end": "00:07:57", "text": "futures are denominated in US dollars."}, {"start": "00:07:55", "end": "00:08:00", "text": "They're not, you know, how like the the"}, {"start": "00:07:57", "end": "00:08:03", "text": "Bitcoin ETF, the XRP ETF, the Ethereum"}, {"start": "00:08:00", "end": "00:08:06", "text": "ETF, they're like they're in the"}, {"start": "00:08:03", "end": "00:08:09", "text": "underlying asset. So if you buy 500"}, {"start": "00:08:06", "end": "00:08:12", "text": "shares of a Bitcoin ETF, BlackRock is"}, {"start": "00:08:09", "end": "00:08:15", "text": "required to buy that much Bitcoin. It is"}, {"start": "00:08:12", "end": "00:08:17", "text": "literally like a balance of itself. They"}, {"start": "00:08:15", "end": "00:08:19", "text": "have to have this much. Futures are just"}, {"start": "00:08:17", "end": "00:08:21", "text": "in US dollars. There's there's no"}, {"start": "00:08:19", "end": "00:08:24", "text": "touching crypto at all except for"}, {"start": "00:08:21", "end": "00:08:26", "text": "speculating on the price. And we're"}, {"start": "00:08:24", "end": "00:08:30", "text": "beginning to see a lot more of them pop"}, {"start": "00:08:26", "end": "00:08:33", "text": "up. So it's either"}, {"start": "00:08:30", "end": "00:08:34", "text": "sinister greed or it's just greed. It's"}, {"start": "00:08:33", "end": "00:08:36", "text": "either these companies trying to figure"}, {"start": "00:08:34", "end": "00:08:38", "text": "out a brand new way to lower"}, {"start": "00:08:36", "end": "00:08:39", "text": "cryptocurrency prices by launching more"}, {"start": "00:08:38", "end": "00:08:41", "text": "futures onto the market to try and get"}, {"start": "00:08:39", "end": "00:08:43", "text": "institutions to provide liquidity to"}, {"start": "00:08:41", "end": "00:08:46", "text": "them to short the cryptocurrency market"}, {"start": "00:08:43", "end": "00:08:48", "text": "prices to bring things down andor"}, {"start": "00:08:46", "end": "00:08:50", "text": "is just Charles Schwab looking for"}, {"start": "00:08:48", "end": "00:08:52", "text": "another way to actually get into the"}, {"start": "00:08:50", "end": "00:08:53", "text": "market so that they can say, \"Oh, look"}, {"start": "00:08:52", "end": "00:08:56", "text": "how many things that we have for"}, {"start": "00:08:53", "end": "00:09:00", "text": "crypto.\" But futures contracts, they"}, {"start": "00:08:56", "end": "00:09:03", "text": "tend to have very thin liquidity. they"}, {"start": "00:09:00", "end": "00:09:06", "text": "they're usually not as popular as ETFs"}, {"start": "00:09:03", "end": "00:09:12", "text": "are simply just buying and trading spot"}, {"start": "00:09:06", "end": "00:09:15", "text": "what have you. They said Bitcoin, Ether,"}, {"start": "00:09:12", "end": "00:09:19", "text": "Salana, and XRP futures can now be"}, {"start": "00:09:15", "end": "00:09:22", "text": "traded nearly 24 hours a day, 7 days a"}, {"start": "00:09:19", "end": "00:09:25", "text": "week on the Think or Swim platform."}, {"start": "00:09:22", "end": "00:09:27", "text": "Schwab revealed in their announcement."}, {"start": "00:09:25", "end": "00:09:31", "text": "Information in the report indicates"}, {"start": "00:09:27", "end": "00:09:34", "text": "Schwab is targeting the middle of 2027"}, {"start": "00:09:31", "end": "00:09:36", "text": "to roll out spot crypto trading"}, {"start": "00:09:34", "end": "00:09:39", "text": "transfers and custody services for"}, {"start": "00:09:36", "end": "00:09:41", "text": "registered investment advisors. The plan"}, {"start": "00:09:39", "end": "00:09:43", "text": "reportedly involves offering those"}, {"start": "00:09:41", "end": "00:09:47", "text": "services through the company's existing"}, {"start": "00:09:43", "end": "00:09:50", "text": "custody platform. uh many things. Yeah,"}, {"start": "00:09:47", "end": "00:09:53", "text": "I'm they're Charles Schwab, so I assume"}, {"start": "00:09:50", "end": "00:09:55", "text": "there's some kind of uh heavyhandedness"}, {"start": "00:09:53", "end": "00:09:57", "text": "definitely happening behind the scenes."}, {"start": "00:09:55", "end": "00:09:59", "text": "I don't think that these mega large"}, {"start": "00:09:57", "end": "00:10:02", "text": "companies are okay with paying higher"}, {"start": "00:09:59", "end": "00:10:04", "text": "prices. So, who knows what the heck is"}, {"start": "00:10:02", "end": "00:10:06", "text": "going on. But the thing that we're"}, {"start": "00:10:04", "end": "00:10:09", "text": "starting, I mean, I guess technically"}, {"start": "00:10:06", "end": "00:10:11", "text": "we're halfway through the year, so why"}, {"start": "00:10:09", "end": "00:10:15", "text": "not? Uh we're starting to hear a lot"}, {"start": "00:10:11", "end": "00:10:16", "text": "from these uh companies that the"}, {"start": "00:10:15", "end": "00:10:19", "text": "beginning"}, {"start": "00:10:16", "end": "00:10:20", "text": "or the middle of next year they're going"}, {"start": "00:10:19", "end": "00:10:23", "text": "to start launching their own"}, {"start": "00:10:20", "end": "00:10:26", "text": "cryptocurrency trading platforms."}, {"start": "00:10:23", "end": "00:10:28", "text": "It's significant because it's Charles"}, {"start": "00:10:26", "end": "00:10:30", "text": "Schwab and I believe Goldman Sachs is"}, {"start": "00:10:28", "end": "00:10:32", "text": "going to try to do the same. It's going"}, {"start": "00:10:30", "end": "00:10:34", "text": "to be interesting because they're not"}, {"start": "00:10:32", "end": "00:10:36", "text": "the first ones to do this. Bank of"}, {"start": "00:10:34", "end": "00:10:39", "text": "America t talked about launching one"}, {"start": "00:10:36", "end": "00:10:41", "text": "years ago as did JP Morgan and some"}, {"start": "00:10:39", "end": "00:10:43", "text": "other company and they didn't go through"}, {"start": "00:10:41", "end": "00:10:45", "text": "with it and they didn't work. Why?"}, {"start": "00:10:43", "end": "00:10:48", "text": "Because the trading volume also wasn't"}, {"start": "00:10:45", "end": "00:10:51", "text": "there. We already have a multitude of"}, {"start": "00:10:48", "end": "00:10:52", "text": "different ways to be able to accumulate"}, {"start": "00:10:51", "end": "00:10:56", "text": "cryptocurrencies."}, {"start": "00:10:52", "end": "00:10:57", "text": "banks for some reason kind of assume"}, {"start": "00:10:56", "end": "00:11:00", "text": "that they can just launch stuff and"}, {"start": "00:10:57", "end": "00:11:04", "text": "people will rush to them to have access"}, {"start": "00:11:00", "end": "00:11:07", "text": "to this to this um crypto economy if you"}, {"start": "00:11:04", "end": "00:11:09", "text": "will. But we have Coinbase, we have"}, {"start": "00:11:07", "end": "00:11:12", "text": "Kraken, we have Binance,"}, {"start": "00:11:09", "end": "00:11:14", "text": "I dare say the words, we have Gemini."}, {"start": "00:11:12", "end": "00:11:17", "text": "Like if you want crypto, you can get"}, {"start": "00:11:14", "end": "00:11:19", "text": "crypto. There's like we're not in 1997."}, {"start": "00:11:17", "end": "00:11:21", "text": "We're not sitting here being like, \"Oh"}, {"start": "00:11:19", "end": "00:11:24", "text": "gosh, there's one website I really hope"}, {"start": "00:11:21", "end": "00:11:27", "text": "I get.\" No, there's there's multiple"}, {"start": "00:11:24", "end": "00:11:30", "text": "places. So, if crypto demand is back in"}, {"start": "00:11:27", "end": "00:11:34", "text": "full force, as many people believe that"}, {"start": "00:11:30", "end": "00:11:37", "text": "it will be by 2027 and and through the"}, {"start": "00:11:34", "end": "00:11:39", "text": "course of 2027, as we keep hearing all"}, {"start": "00:11:37", "end": "00:11:42", "text": "these fantabulous things about uh"}, {"start": "00:11:39", "end": "00:11:44", "text": "prices, we'll see if the roll out of"}, {"start": "00:11:42", "end": "00:11:47", "text": "their crypto trading platform is also"}, {"start": "00:11:44", "end": "00:11:49", "text": "going to uh be a hit. is probably going"}, {"start": "00:11:47", "end": "00:11:52", "text": "to be a couple of institutions and maybe"}, {"start": "00:11:49", "end": "00:11:55", "text": "them working on their own platform, but"}, {"start": "00:11:52", "end": "00:11:57", "text": "we have all these things already."}, {"start": "00:11:55", "end": "00:11:59", "text": "No one's like really desperately asking"}, {"start": "00:11:57", "end": "00:12:01", "text": "like, \"Oh gosh, I'm already registered"}, {"start": "00:11:59", "end": "00:12:03", "text": "on Coinbase, on Binance, and Kraken. I"}, {"start": "00:12:01", "end": "00:12:06", "text": "really wish there was a 15th platform"}, {"start": "00:12:03", "end": "00:12:09", "text": "that I could use.\" It's it's it's kind"}, {"start": "00:12:06", "end": "00:12:12", "text": "of like that. Uh, tying"}, {"start": "00:12:09", "end": "00:12:17", "text": "directly"}, {"start": "00:12:12", "end": "00:12:20", "text": "directly into this news,"}, {"start": "00:12:17", "end": "00:12:23", "text": "the name of the game is apparently"}, {"start": "00:12:20", "end": "00:12:26", "text": "futures. This is what everyone is trying"}, {"start": "00:12:23", "end": "00:12:28", "text": "to launch right now."}, {"start": "00:12:26", "end": "00:12:32", "text": "It says the NASDAQ"}, {"start": "00:12:28", "end": "00:12:36", "text": "and the CME are launching a crypto index"}, {"start": "00:12:32", "end": "00:12:38", "text": "futures tied to eight leading tokens."}, {"start": "00:12:36", "end": "00:12:40", "text": "So,"}, {"start": "00:12:38", "end": "00:12:43", "text": "I searched around and I and I and I say"}, {"start": "00:12:40", "end": "00:12:46", "text": "this very nicely. I don't know what's up"}, {"start": "00:12:43", "end": "00:12:49", "text": "with people uh writing news articles"}, {"start": "00:12:46", "end": "00:12:52", "text": "recently and just completely omitting"}, {"start": "00:12:49", "end": "00:12:56", "text": "information. So you you would logically"}, {"start": "00:12:52", "end": "00:12:59", "text": "assume if part of the the title here"}, {"start": "00:12:56", "end": "00:13:02", "text": "says NASDAQ and CME, you know, tied to"}, {"start": "00:12:59", "end": "00:13:05", "text": "eight crypto tokens that the article"}, {"start": "00:13:02", "end": "00:13:09", "text": "would have the names of all of those"}, {"start": "00:13:05", "end": "00:13:11", "text": "tokens. No. Um I looked around in"}, {"start": "00:13:09", "end": "00:13:13", "text": "multiple different websites. I could"}, {"start": "00:13:11", "end": "00:13:16", "text": "only"}, {"start": "00:13:13", "end": "00:13:18", "text": "I could only find Bitcoin, Ethereum,"}, {"start": "00:13:16", "end": "00:13:21", "text": "Salana, and XRP. Those were the only"}, {"start": "00:13:18", "end": "00:13:24", "text": "coins that were listed everywhere. What"}, {"start": "00:13:21", "end": "00:13:26", "text": "the other four coins are, I don't can"}, {"start": "00:13:24", "end": "00:13:28", "text": "know. It's literally no one's writing in"}, {"start": "00:13:26", "end": "00:13:31", "text": "these articles anymore. Exactly what's"}, {"start": "00:13:28", "end": "00:13:35", "text": "going on."}, {"start": "00:13:31", "end": "00:13:37", "text": "It says the launch gives traders a way"}, {"start": "00:13:35", "end": "00:13:41", "text": "to manage risk across a basket of crypto"}, {"start": "00:13:37", "end": "00:13:44", "text": "assets without taking direct custody of"}, {"start": "00:13:41", "end": "00:13:47", "text": "the underlying tokens. It also offers"}, {"start": "00:13:44", "end": "00:13:50", "text": "exposure beyond single asset futures"}, {"start": "00:13:47", "end": "00:13:53", "text": "such as Bitcoin and Ether which have"}, {"start": "00:13:50", "end": "00:13:55", "text": "become key institutional products in"}, {"start": "00:13:53", "end": "00:13:59", "text": "recent years. Most futures that we've"}, {"start": "00:13:55", "end": "00:14:01", "text": "seen have generally just been one coin"}, {"start": "00:13:59", "end": "00:14:04", "text": "that is a Bitcoin futures. This is an"}, {"start": "00:14:01", "end": "00:14:07", "text": "Ether futures. And now it seems to be a"}, {"start": "00:14:04", "end": "00:14:10", "text": "basket of these coins. And I would"}, {"start": "00:14:07", "end": "00:14:13", "text": "assume it's probably them looking for"}, {"start": "00:14:10", "end": "00:14:14", "text": "like a new edge when offering these"}, {"start": "00:14:13", "end": "00:14:18", "text": "things to their clients. You know,"}, {"start": "00:14:14", "end": "00:14:20", "text": "that's just one coin. We offer multiple."}, {"start": "00:14:18", "end": "00:14:22", "text": "Nobody wants futures. Futures aren't"}, {"start": "00:14:20", "end": "00:14:25", "text": "popular with many institutions because"}, {"start": "00:14:22", "end": "00:14:27", "text": "we have ETFs. Many of them just buy"}, {"start": "00:14:25", "end": "00:14:29", "text": "crypto spot and hold on to it. Many of"}, {"start": "00:14:27", "end": "00:14:31", "text": "them want to buy their crypto and then"}, {"start": "00:14:29", "end": "00:14:33", "text": "stake it. or many of them are actually"}, {"start": "00:14:31", "end": "00:14:35", "text": "into DeFi and they're doing other things"}, {"start": "00:14:33", "end": "00:14:37", "text": "behind like the idea of futures tied to"}, {"start": "00:14:35", "end": "00:14:39", "text": "US dollars is"}, {"start": "00:14:37", "end": "00:14:42", "text": "it's not past sale. I know people are"}, {"start": "00:14:39", "end": "00:14:44", "text": "using it but it's just not what it was"}, {"start": "00:14:42", "end": "00:14:49", "text": "back in 201"}, {"start": "00:14:44", "end": "00:14:52", "text": "um 17. They said, \"In today's volatile"}, {"start": "00:14:49", "end": "00:14:56", "text": "markets, investors are increasingly"}, {"start": "00:14:52", "end": "00:14:59", "text": "seeking diversified exposure to the"}, {"start": "00:14:56", "end": "00:15:01", "text": "cryptocurrency ecosystem while retaining"}, {"start": "00:14:59", "end": "00:15:04", "text": "the capital efficiencies and"}, {"start": "00:15:01", "end": "00:15:07", "text": "transparency of a regulated futures"}, {"start": "00:15:04", "end": "00:15:10", "text": "marketplace.\" I assume that's him"}, {"start": "00:15:07", "end": "00:15:12", "text": "patting himself on the back. The the"}, {"start": "00:15:10", "end": "00:15:14", "text": "idea of investors increasingly seeking"}, {"start": "00:15:12", "end": "00:15:17", "text": "something else is like we we we didn't"}, {"start": "00:15:14", "end": "00:15:19", "text": "know what else to offer. We had no idea"}, {"start": "00:15:17", "end": "00:15:20", "text": "what else we could do. Interest is"}, {"start": "00:15:19", "end": "00:15:21", "text": "waning on that. No one really wants"}, {"start": "00:15:20", "end": "00:15:24", "text": "that. So, we're going to tie all of them"}, {"start": "00:15:21", "end": "00:15:25", "text": "together. Uh, you might famously"}, {"start": "00:15:24", "end": "00:15:27", "text": "remember, this is how you know it's like"}, {"start": "00:15:25", "end": "00:15:29", "text": "a red flag."}, {"start": "00:15:27", "end": "00:15:31", "text": "Years ago, I'm pretty sure it was the"}, {"start": "00:15:29", "end": "00:15:33", "text": "NASDAQ. The NASDAQ launched a this is"}, {"start": "00:15:31", "end": "00:15:35", "text": "famous news. the NASDAQ launched a a"}, {"start": "00:15:33", "end": "00:15:39", "text": "Bitcoin futures"}, {"start": "00:15:35", "end": "00:15:43", "text": "uh thing and there was a time where like"}, {"start": "00:15:39", "end": "00:15:43", "text": "the trading volume was zero,"}, {"start": "00:15:44", "end": "00:15:50", "text": "not $1,000,"}, {"start": "00:15:47", "end": "00:15:53", "text": "not a million dollars, it was zero. No"}, {"start": "00:15:50", "end": "00:15:58", "text": "one was using it."}, {"start": "00:15:53", "end": "00:16:00", "text": "Uh Sean Wasserman, head of index product"}, {"start": "00:15:58", "end": "00:16:02", "text": "uh management at NASDAQ said demand is"}, {"start": "00:16:00", "end": "00:16:04", "text": "rising for crypto benchmarks"}, {"start": "00:16:02", "end": "00:16:07", "text": "built with the same governance and"}, {"start": "00:16:04", "end": "00:16:08", "text": "transparency expected in other classes."}, {"start": "00:16:07", "end": "00:16:10", "text": "Futures linked to the index, he said,"}, {"start": "00:16:08", "end": "00:16:12", "text": "are a neutral extension of how"}, {"start": "00:16:10", "end": "00:16:14", "text": "benchmark-based products help markets"}, {"start": "00:16:12", "end": "00:16:16", "text": "develop. A lot of people think that"}, {"start": "00:16:14", "end": "00:16:18", "text": "futures provide liquidity to the"}, {"start": "00:16:16", "end": "00:16:20", "text": "cryptocurrency market. They think that"}, {"start": "00:16:18", "end": "00:16:24", "text": "it provides interest. So, it's kind of"}, {"start": "00:16:20", "end": "00:16:25", "text": "like a a knock-on effect. You want to"}, {"start": "00:16:24", "end": "00:16:26", "text": "get into crypto, but you don't want to"}, {"start": "00:16:25", "end": "00:16:28", "text": "touch crypto. So, what do you do? You"}, {"start": "00:16:26", "end": "00:16:29", "text": "get into futures. And you get to"}, {"start": "00:16:28", "end": "00:16:31", "text": "basically play with the price, see where"}, {"start": "00:16:29", "end": "00:16:32", "text": "things are going. Then, at the end of"}, {"start": "00:16:31", "end": "00:16:35", "text": "it, you get paid out in US dollars, and"}, {"start": "00:16:32", "end": "00:16:37", "text": "you go, \"Actually, I did pretty well in"}, {"start": "00:16:35", "end": "00:16:40", "text": "futures for a while. Let me move on to"}, {"start": "00:16:37", "end": "00:16:41", "text": "actual ETFs.\" ETFs work out for you,"}, {"start": "00:16:40", "end": "00:16:44", "text": "then you move on to crypto itself."}, {"start": "00:16:41", "end": "00:16:46", "text": "That's the idea of like liquidity, like"}, {"start": "00:16:44", "end": "00:16:48", "text": "it it provides extra interest, another"}, {"start": "00:16:46", "end": "00:16:50", "text": "way for people to want to get into the"}, {"start": "00:16:48", "end": "00:16:53", "text": "market."}, {"start": "00:16:50", "end": "00:16:57", "text": "But alas, uh, no one actually wants"}, {"start": "00:16:53", "end": "00:17:00", "text": "futures. So, yeah, Charles Schwab and"}, {"start": "00:16:57", "end": "00:17:03", "text": "the CME Group are both launching, I"}, {"start": "00:17:00", "end": "00:17:05", "text": "guess, baskets of crypto futures. this"}, {"start": "00:17:03", "end": "00:17:07", "text": "made popular news and I say this nicely"}, {"start": "00:17:05", "end": "00:17:10", "text": "because most people weren't here back in"}, {"start": "00:17:07", "end": "00:17:12", "text": "2017 2018 and they don't understand what"}, {"start": "00:17:10", "end": "00:17:14", "text": "this actually entails and that"}, {"start": "00:17:12", "end": "00:17:16", "text": "historically"}, {"start": "00:17:14", "end": "00:17:18", "text": "within the cryptocurrency space people"}, {"start": "00:17:16", "end": "00:17:23", "text": "have used futures"}, {"start": "00:17:18", "end": "00:17:28", "text": "uh to bring market prices down."}, {"start": "00:17:23", "end": "00:17:31", "text": "So yeah, that's the crypto futures news"}, {"start": "00:17:28", "end": "00:17:34", "text": "was quite popular but once again"}, {"start": "00:17:31", "end": "00:17:37", "text": "okay"}, {"start": "00:17:34", "end": "00:17:43", "text": "let's move on"}, {"start": "00:17:37", "end": "00:17:47", "text": "also in you know what sure why not um it"}, {"start": "00:17:43", "end": "00:17:50", "text": "feels like crypto has entered a brand"}, {"start": "00:17:47", "end": "00:17:53", "text": "new phase"}, {"start": "00:17:50", "end": "00:17:55", "text": "a brand new cycle of of sorts"}, {"start": "00:17:53", "end": "00:17:59", "text": "where"}, {"start": "00:17:55", "end": "00:18:03", "text": "the people who are in charge"}, {"start": "00:17:59", "end": "00:18:06", "text": "are beginning to uh step back and I said"}, {"start": "00:18:03", "end": "00:18:08", "text": "before I think this is a very good idea."}, {"start": "00:18:06", "end": "00:18:10", "text": "Uh usually people get stuck in their"}, {"start": "00:18:08", "end": "00:18:14", "text": "methods and their ways and then projects"}, {"start": "00:18:10", "end": "00:18:17", "text": "don't actually move forward. So, a"}, {"start": "00:18:14", "end": "00:18:20", "text": "couple of days ago, it it maybe even a"}, {"start": "00:18:17", "end": "00:18:24", "text": "week, anyway, it doesn't matter. Uh, we"}, {"start": "00:18:20", "end": "00:18:27", "text": "got news that apparently Cardano this"}, {"start": "00:18:24", "end": "00:18:30", "text": "year is expecting a wave of failures."}, {"start": "00:18:27", "end": "00:18:32", "text": "That was the terminology that was used."}, {"start": "00:18:30", "end": "00:18:34", "text": "Uh, the ecosystem isn't doing too hot. A"}, {"start": "00:18:32", "end": "00:18:36", "text": "lot of people aren't using the coin."}, {"start": "00:18:34", "end": "00:18:40", "text": "People aren't using this DeFi, etc.,"}, {"start": "00:18:36", "end": "00:18:42", "text": "etc. So then the next day, Charles"}, {"start": "00:18:40", "end": "00:18:44", "text": "Hoskinson, the creator of Cardano, came"}, {"start": "00:18:42", "end": "00:18:47", "text": "forward and said that he himself was"}, {"start": "00:18:44", "end": "00:18:50", "text": "going to be uh stepping back from the"}, {"start": "00:18:47", "end": "00:18:51", "text": "project. I think he was saying that I I"}, {"start": "00:18:50", "end": "00:18:54", "text": "honestly don't think Charles Hoskinson"}, {"start": "00:18:51", "end": "00:18:58", "text": "is going to stop. I I I think he's just"}, {"start": "00:18:54", "end": "00:19:00", "text": "going to continue on his uh his ways."}, {"start": "00:18:58", "end": "00:19:04", "text": "Uh, and this was because, if you didn't"}, {"start": "00:19:00", "end": "00:19:07", "text": "see, it's because the CTO and the COO"}, {"start": "00:19:04", "end": "00:19:11", "text": "and two co-creators and another branch"}, {"start": "00:19:07", "end": "00:19:14", "text": "of Cardano all left. So, uh, red flag."}, {"start": "00:19:11", "end": "00:19:17", "text": "Um, so he was like, \"Yeah, I'm going to"}, {"start": "00:19:14", "end": "00:19:20", "text": "step back.\" And other people from other"}, {"start": "00:19:17", "end": "00:19:22", "text": "projects have done the same years ago,"}, {"start": "00:19:20", "end": "00:19:26", "text": "and it helps the project to actually"}, {"start": "00:19:22", "end": "00:19:30", "text": "expand. Part of the problem is is that"}, {"start": "00:19:26", "end": "00:19:32", "text": "these are meant to be decentralized"}, {"start": "00:19:30", "end": "00:19:34", "text": "networks in their entirety. So the"}, {"start": "00:19:32", "end": "00:19:39", "text": "reason if you have ever wondered why"}, {"start": "00:19:34", "end": "00:19:42", "text": "Bitcoin gets so much uh limelight, it's"}, {"start": "00:19:39", "end": "00:19:45", "text": "because Bitcoin is in its essence"}, {"start": "00:19:42", "end": "00:19:46", "text": "extremely decentralized."}, {"start": "00:19:45", "end": "00:19:48", "text": "Not only because of the amount of"}, {"start": "00:19:46", "end": "00:19:51", "text": "computers mining it and the fact that"}, {"start": "00:19:48", "end": "00:19:53", "text": "and I quote here, everyone can do it."}, {"start": "00:19:51", "end": "00:19:55", "text": "That was an air quote. It's because we"}, {"start": "00:19:53", "end": "00:19:59", "text": "don't know who, where, what, how, when"}, {"start": "00:19:55", "end": "00:20:01", "text": "Satoshi Nakamoto is, was are today. No"}, {"start": "00:19:59", "end": "00:20:04", "text": "one is at the helm of Bitcoin constantly"}, {"start": "00:20:01", "end": "00:20:06", "text": "saying this. That's going to get done."}, {"start": "00:20:04", "end": "00:20:10", "text": "With Ethereum, you have Vitalic Buterine"}, {"start": "00:20:06", "end": "00:20:13", "text": "and you have Joseph Luben. For XRP, even"}, {"start": "00:20:10", "end": "00:20:16", "text": "though the chain is decentralized,"}, {"start": "00:20:13", "end": "00:20:18", "text": "you have uh David Schwarz and you have"}, {"start": "00:20:16", "end": "00:20:20", "text": "Monica Long and you have Garlinghouse."}, {"start": "00:20:18", "end": "00:20:23", "text": "People like rush to them for counsel in"}, {"start": "00:20:20", "end": "00:20:26", "text": "the C. remember a couple of months ago,"}, {"start": "00:20:23", "end": "00:20:29", "text": "geez louise, when people were asking"}, {"start": "00:20:26", "end": "00:20:31", "text": "David Schwarz when XRP was going to"}, {"start": "00:20:29", "end": "00:20:34", "text": "$10,000 a coin and he was like, \"What"}, {"start": "00:20:31", "end": "00:20:37", "text": "the fudge are you all talking about?\""}, {"start": "00:20:34", "end": "00:20:38", "text": "They're meant to be like creators, but"}, {"start": "00:20:37", "end": "00:20:40", "text": "they're not meant to be like the people"}, {"start": "00:20:38", "end": "00:20:43", "text": "who like answer questions for you. It's"}, {"start": "00:20:40", "end": "00:20:47", "text": "meant to be a decentralized network that"}, {"start": "00:20:43", "end": "00:20:49", "text": "exists on its own. Cardano has Charles"}, {"start": "00:20:47", "end": "00:20:51", "text": "Hoskinson. Tron has Justin Sun. Every"}, {"start": "00:20:49", "end": "00:20:53", "text": "time something happens with Tron,"}, {"start": "00:20:51", "end": "00:20:57", "text": "everyone points to Justin Sun. These"}, {"start": "00:20:53", "end": "00:20:59", "text": "projects aren't supposed to be run"}, {"start": "00:20:57", "end": "00:21:03", "text": "by one person or the head of a dragon,"}, {"start": "00:20:59", "end": "00:21:05", "text": "as I as I used to say. So, in order for"}, {"start": "00:21:03", "end": "00:21:08", "text": "these things to actually move forward"}, {"start": "00:21:05", "end": "00:21:10", "text": "and to be properly decentralized,"}, {"start": "00:21:08", "end": "00:21:12", "text": "they need to move away and it needs to"}, {"start": "00:21:10", "end": "00:21:15", "text": "be governed by the community. So, when"}, {"start": "00:21:12", "end": "00:21:17", "text": "votes or things happen, it's not Vitalic"}, {"start": "00:21:15", "end": "00:21:19", "text": "putting forth like, \"Yeah, this this I I"}, {"start": "00:21:17", "end": "00:21:21", "text": "like this idea. It should be the"}, {"start": "00:21:19", "end": "00:21:24", "text": "community saying, \"Hey, actually the"}, {"start": "00:21:21", "end": "00:21:26", "text": "last two years have been so and so. Can"}, {"start": "00:21:24", "end": "00:21:29", "text": "we do this instead?\" Everyone votes for"}, {"start": "00:21:26", "end": "00:21:32", "text": "it and then it ends up taking place."}, {"start": "00:21:29", "end": "00:21:36", "text": "Ethereum co-founder, his name is Vitalic"}, {"start": "00:21:32", "end": "00:21:38", "text": "Buterine, said the Ethereum Foundation"}, {"start": "00:21:36", "end": "00:21:41", "text": "is moving towards a smaller, more"}, {"start": "00:21:38", "end": "00:21:43", "text": "focused role within the broader ETH"}, {"start": "00:21:41", "end": "00:21:45", "text": "ecosystem."}, {"start": "00:21:43", "end": "00:21:48", "text": "Amid growing concerns around the"}, {"start": "00:21:45", "end": "00:21:51", "text": "Ethereum Foundation, Buterine stated"}, {"start": "00:21:48", "end": "00:21:54", "text": "that the organization is not a center of"}, {"start": "00:21:51", "end": "00:21:57", "text": "Ethereum, but rather one node with a"}, {"start": "00:21:54", "end": "00:21:59", "text": "divine defined purpose alongside other"}, {"start": "00:21:57", "end": "00:22:01", "text": "nodes. So, if I remember correctly, the"}, {"start": "00:21:59", "end": "00:22:03", "text": "Ethereum Foundation, if I remember"}, {"start": "00:22:01", "end": "00:22:05", "text": "correctly,"}, {"start": "00:22:03", "end": "00:22:08", "text": "I think the rumors were that there was"}, {"start": "00:22:05", "end": "00:22:10", "text": "some kind of in-house fighting going on."}, {"start": "00:22:08", "end": "00:22:12", "text": "There were arguments and people were"}, {"start": "00:22:10", "end": "00:22:15", "text": "threatening to leave"}, {"start": "00:22:12", "end": "00:22:17", "text": "6 years ago, maybe even a bit more."}, {"start": "00:22:15", "end": "00:22:19", "text": "Vitalic Buterine was also even talking"}, {"start": "00:22:17", "end": "00:22:21", "text": "about leaving the project himself, like"}, {"start": "00:22:19", "end": "00:22:24", "text": "not like cashing out and leaving, but he"}, {"start": "00:22:21", "end": "00:22:27", "text": "mentioned like he also wanted to play a"}, {"start": "00:22:24", "end": "00:22:29", "text": "smaller role in the space. The issue is"}, {"start": "00:22:27", "end": "00:22:33", "text": "is that like he's the face of the entire"}, {"start": "00:22:29", "end": "00:22:35", "text": "thing. So, did you see when uh Warren"}, {"start": "00:22:33", "end": "00:22:37", "text": "Buffett like stepped down from from"}, {"start": "00:22:35", "end": "00:22:39", "text": "Bergkshire? This was a couple of months"}, {"start": "00:22:37", "end": "00:22:42", "text": "ago. Warren Buffett being one of the"}, {"start": "00:22:39", "end": "00:22:45", "text": "most famous investors that has ever or"}, {"start": "00:22:42", "end": "00:22:47", "text": "will ever live. He is credited with like"}, {"start": "00:22:45", "end": "00:22:51", "text": "the growth and expansion of Berkshire"}, {"start": "00:22:47", "end": "00:22:53", "text": "Hathaway and their stock over the course"}, {"start": "00:22:51", "end": "00:22:57", "text": "of a was it 20 30 40 something year"}, {"start": "00:22:53", "end": "00:22:58", "text": "period. The moment he mentioned three"}, {"start": "00:22:57", "end": "00:23:01", "text": "years ago"}, {"start": "00:22:58", "end": "00:23:04", "text": "that he was thinking of like leaving the"}, {"start": "00:23:01", "end": "00:23:06", "text": "stock fell a bit because he's the face."}, {"start": "00:23:04", "end": "00:23:08", "text": "When the new guy took over, I was"}, {"start": "00:23:06", "end": "00:23:09", "text": "reading the news that that day and and"}, {"start": "00:23:08", "end": "00:23:11", "text": "everyone was like, \"Oh, this guy's a"}, {"start": "00:23:09", "end": "00:23:13", "text": "loser. He has no idea what he's like.\""}, {"start": "00:23:11", "end": "00:23:16", "text": "It's just like you become too attached"}, {"start": "00:23:13", "end": "00:23:18", "text": "to the actual brand. This also happens"}, {"start": "00:23:16", "end": "00:23:20", "text": "for um you might not know, but this also"}, {"start": "00:23:18", "end": "00:23:23", "text": "happens for like fashion and like luxury"}, {"start": "00:23:20", "end": "00:23:25", "text": "brands. Everyone gets so tied to the"}, {"start": "00:23:23", "end": "00:23:28", "text": "idea of like one face being the face of"}, {"start": "00:23:25", "end": "00:23:30", "text": "this company for 40 years. When that"}, {"start": "00:23:28", "end": "00:23:34", "text": "person passes and their like child takes"}, {"start": "00:23:30", "end": "00:23:36", "text": "over, the stock collapses. So you need"}, {"start": "00:23:34", "end": "00:23:39", "text": "other people like to be in the spotlight"}, {"start": "00:23:36", "end": "00:23:43", "text": "to talk about things that are happening"}, {"start": "00:23:39", "end": "00:23:45", "text": "when you just have a foundation,"}, {"start": "00:23:43", "end": "00:23:47", "text": "the Ethereum Foundation, the Cardano"}, {"start": "00:23:45", "end": "00:23:49", "text": "Foundation, and they are at the the"}, {"start": "00:23:47", "end": "00:23:52", "text": "forefront of everything. Even like"}, {"start": "00:23:49", "end": "00:23:54", "text": "Ripple, the company,"}, {"start": "00:23:52", "end": "00:23:56", "text": "remember months ago, this maybe even"}, {"start": "00:23:54", "end": "00:23:59", "text": "half a time has flown by, maybe half a"}, {"start": "00:23:56", "end": "00:24:03", "text": "year, people were speculating when"}, {"start": "00:23:59", "end": "00:24:05", "text": "Ripple was going to go public. Why?"}, {"start": "00:24:03", "end": "00:24:08", "text": "Because they said when Ripple goes"}, {"start": "00:24:05", "end": "00:24:11", "text": "public, XRP is going to $20 a coin."}, {"start": "00:24:08", "end": "00:24:13", "text": "There's some logic in that, but that's"}, {"start": "00:24:11", "end": "00:24:16", "text": "not entirely"}, {"start": "00:24:13", "end": "00:24:18", "text": "uh relative. And then Ripple went on TV,"}, {"start": "00:24:16", "end": "00:24:20", "text": "like I I think it was Garlinghouse, and"}, {"start": "00:24:18", "end": "00:24:22", "text": "he was like, you know, we eventually"}, {"start": "00:24:20", "end": "00:24:25", "text": "plan on going public, but it's not"}, {"start": "00:24:22", "end": "00:24:28", "text": "really in our radar. Like, we're doing"}, {"start": "00:24:25", "end": "00:24:29", "text": "just fine as a company. You remember"}, {"start": "00:24:28", "end": "00:24:31", "text": "what happened that day? XRP's price"}, {"start": "00:24:29", "end": "00:24:35", "text": "fell."}, {"start": "00:24:31", "end": "00:24:37", "text": "Ripple is not XRP is is like they're"}, {"start": "00:24:35", "end": "00:24:42", "text": "they're not the same."}, {"start": "00:24:37", "end": "00:24:44", "text": "So, um also when the the last year or"}, {"start": "00:24:42", "end": "00:24:49", "text": "two like so like you know how like your"}, {"start": "00:24:44", "end": "00:24:49", "text": "money and your bank account is yours?"}, {"start": "00:24:49", "end": "00:24:54", "text": "Everyone with me? Like like the money"}, {"start": "00:24:51", "end": "00:24:56", "text": "you made sits in your bank account and"}, {"start": "00:24:54", "end": "00:24:58", "text": "that's your money."}, {"start": "00:24:56", "end": "00:25:00", "text": "So the last two years, Vitalic"}, {"start": "00:24:58", "end": "00:25:02", "text": "Butererman, people send this guy free"}, {"start": "00:25:00", "end": "00:25:06", "text": "money all the time. That must be nice."}, {"start": "00:25:02", "end": "00:25:08", "text": "People People send him"}, {"start": "00:25:06", "end": "00:25:10", "text": "meme coins and other things that he"}, {"start": "00:25:08", "end": "00:25:13", "text": "doesn't need to his Ethereum address. He"}, {"start": "00:25:10", "end": "00:25:15", "text": "swaps them into Ether."}, {"start": "00:25:13", "end": "00:25:17", "text": "Okay. And then he usually, Vitalic"}, {"start": "00:25:15", "end": "00:25:20", "text": "usually sells that Ether that he swapped"}, {"start": "00:25:17", "end": "00:25:22", "text": "into for like world causes. if if there"}, {"start": "00:25:20", "end": "00:25:25", "text": "is something bad happening there, if so"}, {"start": "00:25:22", "end": "00:25:27", "text": "and so there, he donates like millions"}, {"start": "00:25:25", "end": "00:25:30", "text": "of dollars and people get annoyed"}, {"start": "00:25:27", "end": "00:25:33", "text": "because he's donating his own money that"}, {"start": "00:25:30", "end": "00:25:35", "text": "people sent him."}, {"start": "00:25:33", "end": "00:25:36", "text": "Imagine you went to the supermarket to"}, {"start": "00:25:35", "end": "00:25:39", "text": "go like buy some, you know, I'm going to"}, {"start": "00:25:36", "end": "00:25:42", "text": "buy some eggs and you walked out with"}, {"start": "00:25:39", "end": "00:25:43", "text": "pancakes and some muffins and a bunch of"}, {"start": "00:25:42", "end": "00:25:45", "text": "other things and you got home and"}, {"start": "00:25:43", "end": "00:25:47", "text": "someone was angry at you because you"}, {"start": "00:25:45", "end": "00:25:50", "text": "spent your own money on what you it just"}, {"start": "00:25:47", "end": "00:25:52", "text": "doesn't these people in this ecosystem"}, {"start": "00:25:50", "end": "00:25:54", "text": "they like they also exist you know that"}, {"start": "00:25:52", "end": "00:25:58", "text": "right like they're Vitalic Buterine's"}, {"start": "00:25:54", "end": "00:26:01", "text": "purpose Brad Garlinghouse's purpose uh"}, {"start": "00:25:58", "end": "00:26:03", "text": "Hoskinson's purpose is not to like never"}, {"start": "00:26:01", "end": "00:26:05", "text": "sell their coins"}, {"start": "00:26:03", "end": "00:26:07", "text": "like it's it's theirs. They can do with"}, {"start": "00:26:05", "end": "00:26:10", "text": "it as they so please because it's their"}, {"start": "00:26:07", "end": "00:26:13", "text": "money. If the idea was that Vitalic"}, {"start": "00:26:10", "end": "00:26:16", "text": "Buterine could never sell Ether, Brad"}, {"start": "00:26:13", "end": "00:26:18", "text": "Garlinghouse could never sell 1 XRP, are"}, {"start": "00:26:16", "end": "00:26:21", "text": "you expecting these people to be sitting"}, {"start": "00:26:18", "end": "00:26:24", "text": "on this money in the year 2085 being"}, {"start": "00:26:21", "end": "00:26:26", "text": "like, \"Well, I'm worth $7 trillion. I"}, {"start": "00:26:24", "end": "00:26:28", "text": "wish I could"}, {"start": "00:26:26", "end": "00:26:31", "text": "wish I could do something with it, but"}, {"start": "00:26:28", "end": "00:26:33", "text": "the public would be mad.\""}, {"start": "00:26:31", "end": "00:26:36", "text": "Everyone keeps putting so much like even"}, {"start": "00:26:33", "end": "00:26:40", "text": "within a decentralized world of crypto,"}, {"start": "00:26:36", "end": "00:26:42", "text": "people make things centralized."}, {"start": "00:26:40", "end": "00:26:44", "text": "Let Vitalic do whatever he wants with"}, {"start": "00:26:42", "end": "00:26:46", "text": "his own money. Imagine in the next like"}, {"start": "00:26:44", "end": "00:26:50", "text": "five years"}, {"start": "00:26:46", "end": "00:26:52", "text": "crypto goes bananas. You have $7.7"}, {"start": "00:26:50", "end": "00:26:54", "text": "million,"}, {"start": "00:26:52", "end": "00:26:56", "text": "but you're not allowed to like use it or"}, {"start": "00:26:54", "end": "00:26:57", "text": "sell it. You can't travel anywhere"}, {"start": "00:26:56", "end": "00:26:59", "text": "because people are like, \"You you you"}, {"start": "00:26:57", "end": "00:27:01", "text": "better not spend it. Hold on to your"}, {"start": "00:26:59", "end": "00:27:03", "text": "crypto forever.\" Like what are you?"}, {"start": "00:27:01", "end": "00:27:06", "text": "According to Buterine, the Ethereum"}, {"start": "00:27:03", "end": "00:27:08", "text": "Foundation should not become a central"}, {"start": "00:27:06", "end": "00:27:12", "text": "authority, noting that the foundation"}, {"start": "00:27:08", "end": "00:27:16", "text": "controls only 0.16%"}, {"start": "00:27:12", "end": "00:27:18", "text": "of the total ETH supply compared to some"}, {"start": "00:27:16", "end": "00:27:21", "text": "competing blockchain foundations that"}, {"start": "00:27:18", "end": "00:27:24", "text": "reportedly control between 10 and 50% of"}, {"start": "00:27:21", "end": "00:27:26", "text": "their network's token. There was also"}, {"start": "00:27:24", "end": "00:27:27", "text": "something last year where the Ethereum"}, {"start": "00:27:26", "end": "00:27:30", "text": "Foundation, we don't know what they were"}, {"start": "00:27:27", "end": "00:27:32", "text": "doing. The Ethereum Foundation had"}, {"start": "00:27:30", "end": "00:27:34", "text": "transactions that were being sent to"}, {"start": "00:27:32", "end": "00:27:36", "text": "Coinbase and everyone was like, \"Why are"}, {"start": "00:27:34", "end": "00:27:38", "text": "you selling your Ether?\" And they were"}, {"start": "00:27:36", "end": "00:27:41", "text": "like, \"What the hell are you like, can"}, {"start": "00:27:38", "end": "00:27:42", "text": "we just why can't we move around our own"}, {"start": "00:27:41", "end": "00:27:44", "text": "coins?\" What I think has been happening"}, {"start": "00:27:42", "end": "00:27:46", "text": "the last number of years, I think these"}, {"start": "00:27:44", "end": "00:27:48", "text": "companies and foundations are are very"}, {"start": "00:27:46", "end": "00:27:50", "text": "sick of the public."}, {"start": "00:27:48", "end": "00:27:51", "text": "uh Vitalic sent some coins to Coinbase."}, {"start": "00:27:50", "end": "00:27:53", "text": "So, people were looking at their"}, {"start": "00:27:51", "end": "00:27:55", "text": "wallets, which the public shouldn't have"}, {"start": "00:27:53", "end": "00:27:56", "text": "access. People were looking at their"}, {"start": "00:27:55", "end": "00:27:58", "text": "wallets and figuring out where the money"}, {"start": "00:27:56", "end": "00:28:00", "text": "was going."}, {"start": "00:27:58", "end": "00:28:02", "text": "And they saw a lot of the transactions"}, {"start": "00:28:00", "end": "00:28:03", "text": "were hitting cryptocurrency exchanges."}, {"start": "00:28:02", "end": "00:28:05", "text": "People are like, they're selling they're"}, {"start": "00:28:03", "end": "00:28:08", "text": "selling their coins. Do you know what's"}, {"start": "00:28:05", "end": "00:28:11", "text": "actually happening? They're tired of you"}, {"start": "00:28:08", "end": "00:28:13", "text": "knowing what they have. You know that"}, {"start": "00:28:11", "end": "00:28:15", "text": "Vitalic Buterine probably knows Chong"}, {"start": "00:28:13", "end": "00:28:17", "text": "Pang Tao and Brian Armstrong, right? The"}, {"start": "00:28:15", "end": "00:28:19", "text": "head of Coinbase. So, what they end up"}, {"start": "00:28:17", "end": "00:28:23", "text": "doing is they send their money to these"}, {"start": "00:28:19", "end": "00:28:25", "text": "exchanges and they they have, you know,"}, {"start": "00:28:23", "end": "00:28:28", "text": "an agreement with the exchange and they"}, {"start": "00:28:25", "end": "00:28:30", "text": "say, \"Hey, we're going to send you 7,500"}, {"start": "00:28:28", "end": "00:28:32", "text": "ETH.\" Cool. It goes into the Ether, like"}, {"start": "00:28:30", "end": "00:28:35", "text": "literally into Binance's, you know,"}, {"start": "00:28:32", "end": "00:28:38", "text": "website. And then Binance resends them"}, {"start": "00:28:35", "end": "00:28:41", "text": "7,500 Ether to a brand new address that"}, {"start": "00:28:38", "end": "00:28:43", "text": "the public doesn't know about"}, {"start": "00:28:41", "end": "00:28:45", "text": "because the public is so concerned about"}, {"start": "00:28:43", "end": "00:28:46", "text": "what these people are doing all the"}, {"start": "00:28:45", "end": "00:28:47", "text": "time."}, {"start": "00:28:46", "end": "00:28:49", "text": "This is this is what I think has been"}, {"start": "00:28:47", "end": "00:28:51", "text": "happening the last two years. There's hu"}, {"start": "00:28:49", "end": "00:28:53", "text": "huge amounts of negativity around this"}, {"start": "00:28:51", "end": "00:28:55", "text": "idea of like how dare you use your own"}, {"start": "00:28:53", "end": "00:28:58", "text": "money. How dare you not tell us what"}, {"start": "00:28:55", "end": "00:28:59", "text": "you're doing. They're they they don't"}, {"start": "00:28:58", "end": "00:29:02", "text": "answer to you. They literally answer"}, {"start": "00:28:59", "end": "00:29:04", "text": "like to the actual foundation whose"}, {"start": "00:29:02", "end": "00:29:07", "text": "purpose is to like raise money to be"}, {"start": "00:29:04", "end": "00:29:10", "text": "able to fund projects around the world"}, {"start": "00:29:07", "end": "00:29:12", "text": "like travel etc to be able to like if"}, {"start": "00:29:10", "end": "00:29:16", "text": "you will spread the word of crypto"}, {"start": "00:29:12", "end": "00:29:16", "text": "spread like the idea of of ether."}, {"start": "00:29:18", "end": "00:29:22", "text": "He also said that the Ethereum"}, {"start": "00:29:19", "end": "00:29:24", "text": "Foundation was originally created to"}, {"start": "00:29:22", "end": "00:29:27", "text": "complete a limited set of objectives"}, {"start": "00:29:24", "end": "00:29:30", "text": "tied to ETH's early development phases,"}, {"start": "00:29:27", "end": "00:29:31", "text": "including Frontier, Homestead,"}, {"start": "00:29:30", "end": "00:29:36", "text": "Metropolis, and Serenity, which were"}, {"start": "00:29:31", "end": "00:29:37", "text": "completed back in 2022."}, {"start": "00:29:36", "end": "00:29:39", "text": "He said the Ethereum Foundation is now"}, {"start": "00:29:37", "end": "00:29:41", "text": "prioritizing longevity over expansion"}, {"start": "00:29:39", "end": "00:29:43", "text": "and focusing only on activities that are"}, {"start": "00:29:41", "end": "00:29:45", "text": "critical to the Ethereum Foundation's"}, {"start": "00:29:43", "end": "00:29:50", "text": "function as a censorship resistant open"}, {"start": "00:29:45", "end": "00:29:54", "text": "private and secure network."}, {"start": "00:29:50", "end": "00:29:56", "text": "So yeah, um I think crypto needs to"}, {"start": "00:29:54", "end": "00:29:58", "text": "change rapidly and I and I say we need"}, {"start": "00:29:56", "end": "00:30:00", "text": "to change"}, {"start": "00:29:58", "end": "00:30:03", "text": "before Bitcoin goes to a million"}, {"start": "00:30:00", "end": "00:30:06", "text": "dollars. uh people within crypto are"}, {"start": "00:30:03", "end": "00:30:09", "text": "constantly trying to centralize stuff or"}, {"start": "00:30:06", "end": "00:30:12", "text": "focus very heavily on things. Uh while"}, {"start": "00:30:09", "end": "00:30:14", "text": "it is awesome that Black Rockck is"}, {"start": "00:30:12", "end": "00:30:18", "text": "collecting Bitcoin on behalf of ETF"}, {"start": "00:30:14", "end": "00:30:20", "text": "holders, Black Rockck is not Bitcoin."}, {"start": "00:30:18", "end": "00:30:21", "text": "Bitcoin is not Coinbase. We had"}, {"start": "00:30:20", "end": "00:30:24", "text": "something similar to this years ago."}, {"start": "00:30:21", "end": "00:30:26", "text": "We're getting a lot of like deja vu kind"}, {"start": "00:30:24", "end": "00:30:29", "text": "of things. There was something This was"}, {"start": "00:30:26", "end": "00:30:32", "text": "years ago, maybe 2021,"}, {"start": "00:30:29", "end": "00:30:35", "text": "I think. Coinbase. Coinbase used to have"}, {"start": "00:30:32", "end": "00:30:37", "text": "a problem with like with their servers."}, {"start": "00:30:35", "end": "00:30:39", "text": "So, let's say like their maximum"}, {"start": "00:30:37", "end": "00:30:42", "text": "capacity any hour that they were"}, {"start": "00:30:39", "end": "00:30:45", "text": "expecting was 50,000 to 100,000 people"}, {"start": "00:30:42", "end": "00:30:48", "text": "on their platform. When crypto became"}, {"start": "00:30:45", "end": "00:30:50", "text": "really popular, they had like 300,000"}, {"start": "00:30:48", "end": "00:30:52", "text": "people per hour and their systems kept"}, {"start": "00:30:50", "end": "00:30:54", "text": "on dropping. Do you know what happened?"}, {"start": "00:30:52", "end": "00:30:56", "text": "At the exact same time, Bitcoin's price"}, {"start": "00:30:54", "end": "00:30:58", "text": "was also collapsing"}, {"start": "00:30:56", "end": "00:31:00", "text": "because people who were trying to invest"}, {"start": "00:30:58", "end": "00:31:03", "text": "in crypto didn't understand that"}, {"start": "00:31:00", "end": "00:31:05", "text": "Coinbase wasn't making Bitcoin. People"}, {"start": "00:31:03", "end": "00:31:08", "text": "thought that Coinbase was making Bitcoin"}, {"start": "00:31:05", "end": "00:31:10", "text": "and selling it."}, {"start": "00:31:08", "end": "00:31:11", "text": "So, they thought, well, their their"}, {"start": "00:31:10", "end": "00:31:13", "text": "systems are down. Something must be"}, {"start": "00:31:11", "end": "00:31:15", "text": "wrong with Bitcoin. I know it sounds"}, {"start": "00:31:13", "end": "00:31:17", "text": "ridiculous,"}, {"start": "00:31:15", "end": "00:31:19", "text": "but that's how people thought. So, it's"}, {"start": "00:31:17", "end": "00:31:21", "text": "the same exact thing with this."}, {"start": "00:31:19", "end": "00:31:23", "text": "Ethereum's working fine. Ethereum is"}, {"start": "00:31:21", "end": "00:31:25", "text": "being adopted. People are using it."}, {"start": "00:31:23", "end": "00:31:28", "text": "Almost half the almost half of all Ether"}, {"start": "00:31:25", "end": "00:31:33", "text": "is is now being staked. The Ethereum"}, {"start": "00:31:28", "end": "00:31:33", "text": "Foundation is not Ethereum."}, {"start": "00:31:33", "end": "00:31:40", "text": "That's is always this huge disconnect."}, {"start": "00:31:35", "end": "00:31:41", "text": "So, who knows? But, um yeah, everyone"}, {"start": "00:31:40", "end": "00:31:44", "text": "like all the creators and stuff, all the"}, {"start": "00:31:41", "end": "00:31:46", "text": "all the big people need to step back cuz"}, {"start": "00:31:44", "end": "00:31:49", "text": "these projects are are going to fail,"}, {"start": "00:31:46", "end": "00:31:51", "text": "you know. Anyway, uh that's going to do"}, {"start": "00:31:49", "end": "00:31:53", "text": "it for this video, guys. Hope you're all"}, {"start": "00:31:51", "end": "00:31:55", "text": "doing well. Hope you're all having a"}, {"start": "00:31:53", "end": "00:31:56", "text": "great day. Hope you're all having a"}, {"start": "00:31:55", "end": "00:31:57", "text": "great morning, afternoon, evening,"}, {"start": "00:31:56", "end": "00:31:59", "text": "wherever you are, wherever you might be."}, {"start": "00:31:57", "end": "00:32:03", "text": "I do hope it's absolutely"}, {"start": "00:31:59", "end": "00:32:04", "text": "fantastic. Thank you all once again for"}, {"start": "00:32:03", "end": "00:32:06", "text": "watching, listening, liking, commenting,"}, {"start": "00:32:04", "end": "00:32:11", "text": "and supporting. And I will most"}, {"start": "00:32:06", "end": "00:32:14", "text": "certainly be talking to you all soon."}, {"start": "00:32:11", "end": "00:32:14", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:06", "text": "Hello everybody."}, {"start": "00:00:04", "end": "00:00:09", "text": "Welcome back"}, {"start": "00:00:06", "end": "00:00:11", "text": "for another video. Yeah, I just I just"}, {"start": "00:00:09", "end": "00:00:13", "text": "woke up"}, {"start": "00:00:11", "end": "00:00:15", "text": "and I have insane allergies. I'm telling"}, {"start": "00:00:13", "end": "00:00:18", "text": "you this beforehand"}, {"start": "00:00:15", "end": "00:00:20", "text": "just in case I sound completely and"}, {"start": "00:00:18", "end": "00:00:22", "text": "utterly insane. You know, my nose is"}, {"start": "00:00:20", "end": "00:00:24", "text": "stuffed and"}, {"start": "00:00:22", "end": "00:00:26", "text": "my eyes just opened."}, {"start": "00:00:24", "end": "00:00:29", "text": "Welcome back for another video. Hope"}, {"start": "00:00:26", "end": "00:00:31", "text": "you're all doing well."}, {"start": "00:00:29", "end": "00:00:33", "text": "Yeah,"}, {"start": "00:00:31", "end": "00:00:36", "text": "don't forget to"}, {"start": "00:00:33", "end": "00:00:38", "text": "leave a like on the video. It helps out"}, {"start": "00:00:36", "end": "00:00:39", "text": "the algorithm a lot. Oh yeah, I I always"}, {"start": "00:00:38", "end": "00:00:43", "text": "forget this part. Hold on. Sorry. Wait."}, {"start": "00:00:39", "end": "00:00:45", "text": "Hold on. Wait. Oh, crap. Hold on. Wait."}, {"start": "00:00:43", "end": "00:00:47", "text": "A very big thank you to my patreon"}, {"start": "00:00:45", "end": "00:00:51", "text": "supporters."}, {"start": "00:00:47", "end": "00:00:55", "text": "Trent Jackson, Gil Boa Snake"}, {"start": "00:00:51", "end": "00:00:58", "text": "and Finley Bass. Thank you very very"}, {"start": "00:00:55", "end": "00:01:00", "text": "much for your continued support of the"}, {"start": "00:00:58", "end": "00:01:03", "text": "channel."}, {"start": "00:01:00", "end": "00:01:05", "text": "Yeah, without any further ado, let's"}, {"start": "00:01:03", "end": "00:01:06", "text": "jump right into it."}, {"start": "00:01:05", "end": "00:01:08", "text": "I tried to go to a friend's house"}, {"start": "00:01:06", "end": "00:01:11", "text": "yesterday and as I'm walking in for some"}, {"start": "00:01:08", "end": "00:01:13", "text": "reason my brain couldn't figure out how"}, {"start": "00:01:11", "end": "00:01:15", "text": "to open up the door and I like slammed"}, {"start": "00:01:13", "end": "00:01:17", "text": "my finger"}, {"start": "00:01:15", "end": "00:01:19", "text": "in the door. I'm just I'm just full of"}, {"start": "00:01:17", "end": "00:01:21", "text": "luck these days, you know, I'm just"}, {"start": "00:01:19", "end": "00:01:22", "text": "oozing with luck."}, {"start": "00:01:21", "end": "00:01:25", "text": "So, my finger also hurts. Not that you"}, {"start": "00:01:22", "end": "00:01:26", "text": "needed to know, but it it hurts as I'm"}, {"start": "00:01:25", "end": "00:01:27", "text": "sitting here."}, {"start": "00:01:26", "end": "00:01:32", "text": "Yeah,"}, {"start": "00:01:27", "end": "00:01:34", "text": "crypto is still cryptoing as it were."}, {"start": "00:01:32", "end": "00:01:36", "text": "We once again find ourselves and I mean"}, {"start": "00:01:34", "end": "00:01:39", "text": "maybe it's just normal at this point."}, {"start": "00:01:36", "end": "00:01:41", "text": "Maybe this is just what crypto is"}, {"start": "00:01:39", "end": "00:01:45", "text": "in a in a particular spot."}, {"start": "00:01:41", "end": "00:01:47", "text": "There are a number of rallying calls"}, {"start": "00:01:45", "end": "00:01:49", "text": "that are currently happening"}, {"start": "00:01:47", "end": "00:01:52", "text": "amongst higher-ups within the"}, {"start": "00:01:49", "end": "00:01:56", "text": "cryptocurrency market who are announcing"}, {"start": "00:01:52", "end": "00:01:59", "text": "that they think that any drawdown in"}, {"start": "00:01:56", "end": "00:02:02", "text": "price that we might have had"}, {"start": "00:01:59", "end": "00:02:05", "text": "is the word's not superficial, but like"}, {"start": "00:02:02", "end": "00:02:08", "text": "it doesn't actually matter."}, {"start": "00:02:05", "end": "00:02:12", "text": "And I understand their sentiment in that"}, {"start": "00:02:08", "end": "00:02:15", "text": "we the the the the crypto people"}, {"start": "00:02:12", "end": "00:02:17", "text": "have been anticipating higher movements"}, {"start": "00:02:15", "end": "00:02:20", "text": "in price for quite a while now, and I"}, {"start": "00:02:17", "end": "00:02:23", "text": "dare even say since around last year. By"}, {"start": "00:02:20", "end": "00:02:25", "text": "the time we got to October, November"}, {"start": "00:02:23", "end": "00:02:28", "text": "no one was really expecting a drawdown,"}, {"start": "00:02:25", "end": "00:02:31", "text": "and if there was going to be one"}, {"start": "00:02:28", "end": "00:02:33", "text": "it would be minimal at at best. So,"}, {"start": "00:02:31", "end": "00:02:35", "text": "since January, February, we've been"}, {"start": "00:02:33", "end": "00:02:39", "text": "hearing that prices are going to go"}, {"start": "00:02:35", "end": "00:02:41", "text": "higher. A lot of the people who gave the"}, {"start": "00:02:39", "end": "00:02:43", "text": "rallying cry"}, {"start": "00:02:41", "end": "00:02:45", "text": "at the beginning of this year are kind"}, {"start": "00:02:43", "end": "00:02:49", "text": "of back in the news."}, {"start": "00:02:45", "end": "00:02:51", "text": "Uh between hearing, if you haven't seen"}, {"start": "00:02:49", "end": "00:02:53", "text": "it's it's it's it it feels like a fever"}, {"start": "00:02:51", "end": "00:02:55", "text": "dream. It's not a joke. It's just kind"}, {"start": "00:02:53", "end": "00:02:56", "text": "of a"}, {"start": "00:02:55", "end": "00:02:58", "text": "I think we're all walking through this"}, {"start": "00:02:56", "end": "00:03:00", "text": "together at the same time trying to"}, {"start": "00:02:58", "end": "00:03:02", "text": "figure out"}, {"start": "00:03:00", "end": "00:03:03", "text": "what the heck is going on."}, {"start": "00:03:02", "end": "00:03:05", "text": "Uh"}, {"start": "00:03:03", "end": "00:03:07", "text": "between MicroStrategy announcing that"}, {"start": "00:03:05", "end": "00:03:10", "text": "they would never sell"}, {"start": "00:03:07", "end": "00:03:12", "text": "and then they did apparently sell some"}, {"start": "00:03:10", "end": "00:03:15", "text": "Bitcoin. There was apparently another"}, {"start": "00:03:12", "end": "00:03:17", "text": "purchase right afterwards because of"}, {"start": "00:03:15", "end": "00:03:20", "text": "heavy backlash cuz they said that they"}, {"start": "00:03:17", "end": "00:03:23", "text": "would never sell and then they ended up"}, {"start": "00:03:20", "end": "00:03:26", "text": "doing so. Now, that's causing other"}, {"start": "00:03:23", "end": "00:03:28", "text": "companies in the last week or so to"}, {"start": "00:03:26", "end": "00:03:31", "text": "begin announcing that they're purchasing"}, {"start": "00:03:28", "end": "00:03:34", "text": "even more crypto than they were before."}, {"start": "00:03:31", "end": "00:03:36", "text": "We heard from Bitmain who said that they"}, {"start": "00:03:34", "end": "00:03:37", "text": "were slowing down their purchases. If"}, {"start": "00:03:36", "end": "00:03:40", "text": "you didn't see"}, {"start": "00:03:37", "end": "00:03:43", "text": "uh Bitmain basically is very close to"}, {"start": "00:03:40", "end": "00:03:46", "text": "their 5% target of owning 5% of all"}, {"start": "00:03:43", "end": "00:03:49", "text": "ether that exists."}, {"start": "00:03:46", "end": "00:03:51", "text": "They said 2 weeks ago that they were"}, {"start": "00:03:49", "end": "00:03:53", "text": "going to slow down simply because we're"}, {"start": "00:03:51", "end": "00:03:55", "text": "near our goal, you know, cool, we can,"}, {"start": "00:03:53", "end": "00:03:58", "text": "you know, do whatever now."}, {"start": "00:03:55", "end": "00:04:00", "text": "But then since the market downturn,"}, {"start": "00:03:58", "end": "00:04:02", "text": "they've announced like more buying"}, {"start": "00:04:00", "end": "00:04:04", "text": "pressure saying that prices are too low."}, {"start": "00:04:02", "end": "00:04:07", "text": "There's a lot of people saying that"}, {"start": "00:04:04", "end": "00:04:09", "text": "Bitcoin is is oversold and the price"}, {"start": "00:04:07", "end": "00:04:11", "text": "can't actually go any lower and they"}, {"start": "00:04:09", "end": "00:04:14", "text": "don't expect it to go any lower. So"}, {"start": "00:04:11", "end": "00:04:16", "text": "institutions are beginning to buy. We've"}, {"start": "00:04:14", "end": "00:04:20", "text": "seen news about reinflows"}, {"start": "00:04:16", "end": "00:04:22", "text": "back into a cryptocurrency ETFs,"}, {"start": "00:04:20", "end": "00:04:25", "text": "which constantly remain"}, {"start": "00:04:22", "end": "00:04:27", "text": "a metric for the market as if we're"}, {"start": "00:04:25", "end": "00:04:30", "text": "doing well, irrespective of the fact"}, {"start": "00:04:27", "end": "00:04:33", "text": "that we didn't even have those two in"}, {"start": "00:04:30", "end": "00:04:35", "text": "something years ago, but everyone is"}, {"start": "00:04:33", "end": "00:04:39", "text": "putting lots of weight once again on"}, {"start": "00:04:35", "end": "00:04:42", "text": "ETFs, on the idea of companies buying"}, {"start": "00:04:39", "end": "00:04:43", "text": "more and we we went over this 10 days"}, {"start": "00:04:42", "end": "00:04:45", "text": "ago."}, {"start": "00:04:43", "end": "00:04:48", "text": "I I don't know what this fascination is"}, {"start": "00:04:45", "end": "00:04:51", "text": "that everyone constantly has that we"}, {"start": "00:04:48", "end": "00:04:52", "text": "need rich people to save us in some sort"}, {"start": "00:04:51", "end": "00:04:54", "text": "of way."}, {"start": "00:04:52", "end": "00:04:56", "text": "Uh but alas,"}, {"start": "00:04:54", "end": "00:04:58", "text": "uh here we are. So that's kind of where"}, {"start": "00:04:56", "end": "00:05:01", "text": "the market is."}, {"start": "00:04:58", "end": "00:05:03", "text": "We are a smidge"}, {"start": "00:05:01", "end": "00:05:06", "text": "we're a smidge away from hearing"}, {"start": "00:05:03", "end": "00:05:09", "text": "uh what the Fed is going to do."}, {"start": "00:05:06", "end": "00:05:13", "text": "The indications now revolve around the"}, {"start": "00:05:09", "end": "00:05:15", "text": "idea, if you haven't heard, this is like"}, {"start": "00:05:13", "end": "00:05:19", "text": "the cornerstone of financial news now"}, {"start": "00:05:15", "end": "00:05:21", "text": "between world events"}, {"start": "00:05:19", "end": "00:05:22", "text": "and conflicts that seem to be going on"}, {"start": "00:05:21", "end": "00:05:24", "text": "forever,"}, {"start": "00:05:22", "end": "00:05:26", "text": "uh it's the idea of what the Fed is"}, {"start": "00:05:24", "end": "00:05:28", "text": "going to do."}, {"start": "00:05:26", "end": "00:05:30", "text": "So the price of gold has also been"}, {"start": "00:05:28", "end": "00:05:33", "text": "falling if you didn't see that as well,"}, {"start": "00:05:30", "end": "00:05:37", "text": "and it's namely because people are"}, {"start": "00:05:33", "end": "00:05:39", "text": "assuming because inflation is so bad"}, {"start": "00:05:37", "end": "00:05:43", "text": "and shows no signs of abating anytime"}, {"start": "00:05:39", "end": "00:05:45", "text": "soon that we could"}, {"start": "00:05:43", "end": "00:05:48", "text": "actually see the new head of the Fed"}, {"start": "00:05:45", "end": "00:05:50", "text": "attempt to raise interest rates"}, {"start": "00:05:48", "end": "00:05:53", "text": "in order to try and get inflation to go"}, {"start": "00:05:50", "end": "00:05:56", "text": "down because if you haven't heard, if"}, {"start": "00:05:53", "end": "00:05:58", "text": "you haven't seen, de-dollarization is"}, {"start": "00:05:56", "end": "00:06:01", "text": "like"}, {"start": "00:05:58", "end": "00:06:03", "text": "speeding up. No one wants to hold the"}, {"start": "00:06:01", "end": "00:06:05", "text": "dollar because the dollar is devaluing"}, {"start": "00:06:03", "end": "00:06:09", "text": "itself and"}, {"start": "00:06:05", "end": "00:06:11", "text": "yes, it's just a What What's the word?"}, {"start": "00:06:09", "end": "00:06:11", "text": "It's like a"}, {"start": "00:06:11", "end": "00:06:16", "text": "What's the term? It's like uh"}, {"start": "00:06:15", "end": "00:06:18", "text": "devil"}, {"start": "00:06:16", "end": "00:06:20", "text": "devil cycle? Like like like where it's"}, {"start": "00:06:18", "end": "00:06:21", "text": "kind of like self-perpetuating in this"}, {"start": "00:06:20", "end": "00:06:24", "text": "way that like it's only kind of going I"}, {"start": "00:06:21", "end": "00:06:27", "text": "I I I I I forgot what the word is"}, {"start": "00:06:24", "end": "00:06:29", "text": "in uh in English. Anyway,"}, {"start": "00:06:27", "end": "00:06:32", "text": "um yes."}, {"start": "00:06:29", "end": "00:06:36", "text": "Heavily in the news today, a lot of"}, {"start": "00:06:32", "end": "00:06:38", "text": "crypto backers are announcing"}, {"start": "00:06:36", "end": "00:06:40", "text": "that they're dismissing any kind of"}, {"start": "00:06:38", "end": "00:06:43", "text": "market sell-off. That the market"}, {"start": "00:06:40", "end": "00:06:46", "text": "sell-off, if you also didn't see,"}, {"start": "00:06:43", "end": "00:06:50", "text": "is because of unwarranted fear, but also"}, {"start": "00:06:46", "end": "00:06:52", "text": "it just generalized uncertainty. We We"}, {"start": "00:06:50", "end": "00:06:55", "text": "don't know what's next."}, {"start": "00:06:52", "end": "00:06:57", "text": "So, we keep hearing that the market's"}, {"start": "00:06:55", "end": "00:06:59", "text": "going to go higher. This is going to"}, {"start": "00:06:57", "end": "00:07:03", "text": "take place, but anytime that our market"}, {"start": "00:06:59", "end": "00:07:06", "text": "remotely moves into any kind of greed"}, {"start": "00:07:03", "end": "00:07:08", "text": "level on a metric,"}, {"start": "00:07:06", "end": "00:07:11", "text": "this coin collapses. Something happens"}, {"start": "00:07:08", "end": "00:07:13", "text": "to this one. This person said that. If"}, {"start": "00:07:11", "end": "00:07:15", "text": "you didn't see recently,"}, {"start": "00:07:13", "end": "00:07:16", "text": "and I mean this is this is also major"}, {"start": "00:07:15", "end": "00:07:19", "text": "news."}, {"start": "00:07:16", "end": "00:07:21", "text": "We had news uh about um Charles"}, {"start": "00:07:19", "end": "00:07:24", "text": "Hoskinson and Cardano. And Charles"}, {"start": "00:07:21", "end": "00:07:26", "text": "Hoskinson went on I think it was a"}, {"start": "00:07:24", "end": "00:07:27", "text": "YouTube video, and he was telling people"}, {"start": "00:07:26", "end": "00:07:30", "text": "like"}, {"start": "00:07:27", "end": "00:07:33", "text": "yeah, I and and I'm paraphrasing here."}, {"start": "00:07:30", "end": "00:07:36", "text": "Like, I think this is the end. I think"}, {"start": "00:07:33", "end": "00:07:37", "text": "the coin's going to collapse. Um"}, {"start": "00:07:36", "end": "00:07:39", "text": "you know, no one's using it. Things"}, {"start": "00:07:37", "end": "00:07:41", "text": "aren't going too well. Behind the"}, {"start": "00:07:39", "end": "00:07:43", "text": "scenes, we heard that people in the"}, {"start": "00:07:41", "end": "00:07:45", "text": "Cardano"}, {"start": "00:07:43", "end": "00:07:49", "text": "ecosystem like they're like like the"}, {"start": "00:07:45", "end": "00:07:52", "text": "literal foundations CTO and COO"}, {"start": "00:07:49", "end": "00:07:54", "text": "like they left."}, {"start": "00:07:52", "end": "00:07:56", "text": "And then a day later Charles Hoskinson"}, {"start": "00:07:54", "end": "00:07:57", "text": "was saying that he himself is going to"}, {"start": "00:07:56", "end": "00:07:59", "text": "take a break that he can't do anymore."}, {"start": "00:07:57", "end": "00:08:04", "text": "This is too stressful for him. Cardano"}, {"start": "00:07:59", "end": "00:08:06", "text": "was having some kind of a like a yearly"}, {"start": "00:08:04", "end": "00:08:08", "text": "gathering. I forgot what they're called."}, {"start": "00:08:06", "end": "00:08:10", "text": "Um and that's not happening because no"}, {"start": "00:08:08", "end": "00:08:13", "text": "one in the community voted for it to"}, {"start": "00:08:10", "end": "00:08:15", "text": "actually take place."}, {"start": "00:08:13", "end": "00:08:18", "text": "There was a kind of fear uh with Zcash"}, {"start": "00:08:15", "end": "00:08:21", "text": "about 4 or 5 days ago where people I"}, {"start": "00:08:18", "end": "00:08:23", "text": "told you all if you Oh gosh, this is"}, {"start": "00:08:21", "end": "00:08:25", "text": "this is unloading a lot. If you didn't"}, {"start": "00:08:23", "end": "00:08:27", "text": "see I also made a video where I was like"}, {"start": "00:08:25", "end": "00:08:29", "text": "something seems to be terribly wrong. We"}, {"start": "00:08:27", "end": "00:08:32", "text": "seem to be experiencing and this is"}, {"start": "00:08:29", "end": "00:08:34", "text": "mainly"}, {"start": "00:08:32", "end": "00:08:37", "text": "this is mainly for altcoins that no"}, {"start": "00:08:34", "end": "00:08:38", "text": "one's really using."}, {"start": "00:08:37", "end": "00:08:40", "text": "I'll put it that way."}, {"start": "00:08:38", "end": "00:08:42", "text": "But there seems to be like a very rapid"}, {"start": "00:08:40", "end": "00:08:45", "text": "like pump and dump kind of thing going"}, {"start": "00:08:42", "end": "00:08:48", "text": "on from some of the higher-ups within"}, {"start": "00:08:45", "end": "00:08:49", "text": "the cryptocurrency space."}, {"start": "00:08:48", "end": "00:08:52", "text": "So"}, {"start": "00:08:49", "end": "00:08:54", "text": "logically retail investors are spooked,"}, {"start": "00:08:52", "end": "00:08:58", "text": "annoyed, and angry."}, {"start": "00:08:54", "end": "00:08:59", "text": "This happened with um Hyperliquid Coin."}, {"start": "00:08:58", "end": "00:09:01", "text": "This happened with Near Protocol. This"}, {"start": "00:08:59", "end": "00:09:03", "text": "happened with Zcash. For 4 months"}, {"start": "00:09:01", "end": "00:09:05", "text": "everyone was saying buy Zcash. It's it's"}, {"start": "00:09:03", "end": "00:09:08", "text": "the best coin in the entire world and"}, {"start": "00:09:05", "end": "00:09:11", "text": "then it collapses. Uh a day later after"}, {"start": "00:09:08", "end": "00:09:12", "text": "the coin collapsed a few people on"}, {"start": "00:09:11", "end": "00:09:15", "text": "Twitter were like and I mean these"}, {"start": "00:09:12", "end": "00:09:17", "text": "people have like a million followers."}, {"start": "00:09:15", "end": "00:09:19", "text": "We're like you should all buy Worldcoin"}, {"start": "00:09:17", "end": "00:09:20", "text": "and then people bought Worldcoin and"}, {"start": "00:09:19", "end": "00:09:21", "text": "then those people sold. Like they"}, {"start": "00:09:20", "end": "00:09:23", "text": "legitimately said like yeah, just sold"}, {"start": "00:09:21", "end": "00:09:25", "text": "our whole position. Sorry."}, {"start": "00:09:23", "end": "00:09:26", "text": "So"}, {"start": "00:09:25", "end": "00:09:28", "text": "you know"}, {"start": "00:09:26", "end": "00:09:30", "text": "between waiting for the Fed, between all"}, {"start": "00:09:28", "end": "00:09:31", "text": "these world events, between tariffs"}, {"start": "00:09:30", "end": "00:09:34", "text": "happening, tariffs were the main reason"}, {"start": "00:09:31", "end": "00:09:35", "text": "last year why prices kept on going down,"}, {"start": "00:09:34", "end": "00:09:39", "text": "between the constant pump and dumps from"}, {"start": "00:09:35", "end": "00:09:42", "text": "like hires in the in the industry."}, {"start": "00:09:39", "end": "00:09:42", "text": "And then"}, {"start": "00:09:42", "end": "00:09:46", "text": ">> [laughter]"}, {"start": "00:09:43", "end": "00:09:49", "text": ">> what else are people supposed to do?"}, {"start": "00:09:46", "end": "00:09:52", "text": "Um Bitmain,"}, {"start": "00:09:49", "end": "00:09:55", "text": "the world's largest Ethereum treasury,"}, {"start": "00:09:52", "end": "00:09:58", "text": "has ramped up its ETH buying during the"}, {"start": "00:09:55", "end": "00:10:01", "text": "latest crypto market correction,"}, {"start": "00:09:58", "end": "00:10:03", "text": "marking the company's largest purchase"}, {"start": "00:10:01", "end": "00:10:07", "text": "this year."}, {"start": "00:10:03", "end": "00:10:10", "text": "So, Bitmain and Tom Lee said this was"}, {"start": "00:10:07", "end": "00:10:11", "text": "was a couple days ago."}, {"start": "00:10:10", "end": "00:10:13", "text": "We're going to slow down our ETH"}, {"start": "00:10:11", "end": "00:10:16", "text": "purchases, and people were wondering"}, {"start": "00:10:13", "end": "00:10:19", "text": "exactly what that would mean. And then"}, {"start": "00:10:16", "end": "00:10:21", "text": "the market went down. Tom Lee is uh"}, {"start": "00:10:19", "end": "00:10:25", "text": "famouser"}, {"start": "00:10:21", "end": "00:10:26", "text": "for announcing in April"}, {"start": "00:10:25", "end": "00:10:28", "text": "that the cryptocurrency market, and I"}, {"start": "00:10:26", "end": "00:10:30", "text": "mean, in his defense, it does make"}, {"start": "00:10:28", "end": "00:10:33", "text": "sense, but I'll explain."}, {"start": "00:10:30", "end": "00:10:36", "text": "Tom Lee uh said in April that he thought"}, {"start": "00:10:33", "end": "00:10:37", "text": "that the crypto winter was over. If you"}, {"start": "00:10:36", "end": "00:10:39", "text": "don't remember those words, they became"}, {"start": "00:10:37", "end": "00:10:40", "text": "very popular because everyone was like,"}, {"start": "00:10:39", "end": "00:10:42", "text": "\"Okay, we were in some kind of a"}, {"start": "00:10:40", "end": "00:10:44", "text": "downturn.\""}, {"start": "00:10:42", "end": "00:10:47", "text": "And then a couple weeks later, he said,"}, {"start": "00:10:44", "end": "00:10:49", "text": "uh \"Crypto spring is here.\" He then said"}, {"start": "00:10:47", "end": "00:10:51", "text": "he was expecting"}, {"start": "00:10:49", "end": "00:10:54", "text": "uh by the end of the year, because of"}, {"start": "00:10:51", "end": "00:10:56", "text": "banks and institutions, that ether was"}, {"start": "00:10:54", "end": "00:10:59", "text": "going to hit $22,000"}, {"start": "00:10:56", "end": "00:11:00", "text": "a coin, which revved everyone up."}, {"start": "00:10:59", "end": "00:11:03", "text": "And then after a couple of weeks, I was"}, {"start": "00:11:00", "end": "00:11:04", "text": "like, \"Okay, that's cool,"}, {"start": "00:11:03", "end": "00:11:07", "text": "but we need to start seeing this"}, {"start": "00:11:04", "end": "00:11:10", "text": "actually reflected in prices as well.\""}, {"start": "00:11:07", "end": "00:11:13", "text": "Everyone was talking about and once"}, {"start": "00:11:10", "end": "00:11:15", "text": "again, in their and I say this nicely,"}, {"start": "00:11:13", "end": "00:11:19", "text": "in their defense,"}, {"start": "00:11:15", "end": "00:11:22", "text": "BlackRock is nearing a million Bitcoin."}, {"start": "00:11:19", "end": "00:11:23", "text": "MicroStrategy is nearing a million"}, {"start": "00:11:22", "end": "00:11:28", "text": "Bitcoin."}, {"start": "00:11:23", "end": "00:11:30", "text": "We we heard Visa and MasterCard,"}, {"start": "00:11:28", "end": "00:11:33", "text": "uh Ethereum, Polygon adoption, Solana's"}, {"start": "00:11:30", "end": "00:11:33", "text": "going to be doing this."}, {"start": "00:11:33", "end": "00:11:36", "text": "Uh"}, {"start": "00:11:33", "end": "00:11:39", "text": "JP Morgan is is launching this, Goldman"}, {"start": "00:11:36", "end": "00:11:42", "text": "Sachs, so and so. Once again, the news"}, {"start": "00:11:39", "end": "00:11:43", "text": "was real, and this was part of also the"}, {"start": "00:11:42", "end": "00:11:46", "text": "confusion."}, {"start": "00:11:43", "end": "00:11:48", "text": "If all of this stuff is happening, why"}, {"start": "00:11:46", "end": "00:11:50", "text": "aren't prices reacting accordingly?"}, {"start": "00:11:48", "end": "00:11:52", "text": "That's still something that I"}, {"start": "00:11:50", "end": "00:11:55", "text": "throw out there as well. I understand"}, {"start": "00:11:52", "end": "00:11:57", "text": "that behind the scenes, there might be"}, {"start": "00:11:55", "end": "00:11:59", "text": "movements of money to make sure that"}, {"start": "00:11:57", "end": "00:12:01", "text": "prices remain a certain way even if"}, {"start": "00:11:59", "end": "00:12:04", "text": "there is good news to not kind of spark"}, {"start": "00:12:01", "end": "00:12:06", "text": "a rally that would then cause prices to"}, {"start": "00:12:04", "end": "00:12:08", "text": "go higher because institutions are still"}, {"start": "00:12:06", "end": "00:12:10", "text": "actively trying to buy crypto at lower"}, {"start": "00:12:08", "end": "00:12:13", "text": "prices. That's"}, {"start": "00:12:10", "end": "00:12:15", "text": "how it's been for a while. Years ago, I"}, {"start": "00:12:13", "end": "00:12:17", "text": "remember I I remember your comments."}, {"start": "00:12:15", "end": "00:12:19", "text": "Not that they were negative, but people"}, {"start": "00:12:17", "end": "00:12:21", "text": "were telling me like,"}, {"start": "00:12:19", "end": "00:12:23", "text": "\"This happens because they're actively"}, {"start": "00:12:21", "end": "00:12:25", "text": "trying to make sure that they accumulate"}, {"start": "00:12:23", "end": "00:12:27", "text": "more.\" Because I used to I used to get"}, {"start": "00:12:25", "end": "00:12:32", "text": "so frustrated."}, {"start": "00:12:27", "end": "00:12:34", "text": "Y- You don't typically ever"}, {"start": "00:12:32", "end": "00:12:37", "text": "see an industry or a market get"}, {"start": "00:12:34", "end": "00:12:40", "text": "continuous good news. And And it It's"}, {"start": "00:12:37", "end": "00:12:44", "text": "not like, \"Oh, this company bought five"}, {"start": "00:12:40", "end": "00:12:47", "text": "Bitcoin. That company made a T-shirt"}, {"start": "00:12:44", "end": "00:12:48", "text": "that says, 'Yeah, Bitcoin is cool.'\" And"}, {"start": "00:12:47", "end": "00:12:51", "text": "you know, like we're expecting prices to"}, {"start": "00:12:48", "end": "00:12:53", "text": "go up. We're talking about like world"}, {"start": "00:12:51", "end": "00:12:55", "text": "governments"}, {"start": "00:12:53", "end": "00:12:56", "text": "and central banks."}, {"start": "00:12:55", "end": "00:12:58", "text": "Hundreds of millions of dollars,"}, {"start": "00:12:56", "end": "00:13:00", "text": "billions of dollars worth of Bitcoin"}, {"start": "00:12:58", "end": "00:13:03", "text": "being accumulated."}, {"start": "00:13:00", "end": "00:13:06", "text": "Actively seeing XRP and and Ethereum in"}, {"start": "00:13:03", "end": "00:13:07", "text": "the news being like, \"Hey, we're using"}, {"start": "00:13:06", "end": "00:13:09", "text": "this. This is being integrated. We're"}, {"start": "00:13:07", "end": "00:13:10", "text": "launching We're launching ETFs. We're"}, {"start": "00:13:09", "end": "00:13:13", "text": "launching this. This is going to happen."}, {"start": "00:13:10", "end": "00:13:15", "text": "Visa and MasterCard are using us.\""}, {"start": "00:13:13", "end": "00:13:17", "text": "And then we see prices go down. It It is"}, {"start": "00:13:15", "end": "00:13:20", "text": "It is a annoying"}, {"start": "00:13:17", "end": "00:13:21", "text": "an annoying experience to say the"}, {"start": "00:13:20", "end": "00:13:23", "text": "absolute"}, {"start": "00:13:21", "end": "00:13:24", "text": "uh least."}, {"start": "00:13:23", "end": "00:13:26", "text": "So,"}, {"start": "00:13:24", "end": "00:13:28", "text": "uh they all told us that prices were"}, {"start": "00:13:26", "end": "00:13:31", "text": "going to go higher, and this was also"}, {"start": "00:13:28", "end": "00:13:33", "text": "the theory that I had. If we're hearing"}, {"start": "00:13:31", "end": "00:13:34", "text": "that the big wigs are starting to use"}, {"start": "00:13:33", "end": "00:13:36", "text": "crypto"}, {"start": "00:13:34", "end": "00:13:39", "text": "behind the scenes, I can't imagine like"}, {"start": "00:13:36", "end": "00:13:42", "text": "the the hush-hush projects."}, {"start": "00:13:39", "end": "00:13:46", "text": "But Bitmain remains"}, {"start": "00:13:42", "end": "00:13:46", "text": "enthusiastic and quite sure"}, {"start": "00:13:46", "end": "00:13:52", "text": "that even from now, prices are going to"}, {"start": "00:13:50", "end": "00:13:54", "text": "go higher."}, {"start": "00:13:52", "end": "00:13:57", "text": "Tom Lee argued"}, {"start": "00:13:54", "end": "00:14:00", "text": "that the broader crypto market sell-off"}, {"start": "00:13:57", "end": "00:14:02", "text": "was a superficial take"}, {"start": "00:14:00", "end": "00:14:06", "text": "driven more by short-term panic"}, {"start": "00:14:02", "end": "00:14:09", "text": "than by real weakness."}, {"start": "00:14:06", "end": "00:14:12", "text": "He also affirmed that the recent Zcash"}, {"start": "00:14:09", "end": "00:14:14", "text": "Orchid incident strengthens Ethereum's"}, {"start": "00:14:12", "end": "00:14:16", "text": "use case. He said"}, {"start": "00:14:14", "end": "00:14:20", "text": "AI systems are going to find flaws in"}, {"start": "00:14:16", "end": "00:14:23", "text": "centralized financial services rails"}, {"start": "00:14:20", "end": "00:14:25", "text": "and weak decentralized protocols."}, {"start": "00:14:23", "end": "00:14:26", "text": "We believe this actually strengthens the"}, {"start": "00:14:25", "end": "00:14:28", "text": "use case"}, {"start": "00:14:26", "end": "00:14:31", "text": "and product market fit for hardened and"}, {"start": "00:14:28", "end": "00:14:32", "text": "reliable decentralized blockchains like"}, {"start": "00:14:31", "end": "00:14:34", "text": "Ethereum."}, {"start": "00:14:32", "end": "00:14:36", "text": "Apparently, that's what happened. I"}, {"start": "00:14:34", "end": "00:14:38", "text": "think someone used AI"}, {"start": "00:14:36", "end": "00:14:40", "text": "on Zcash"}, {"start": "00:14:38", "end": "00:14:42", "text": "to look at its its code or something"}, {"start": "00:14:40", "end": "00:14:44", "text": "like that, and there was something in"}, {"start": "00:14:42", "end": "00:14:46", "text": "there that would have allowed"}, {"start": "00:14:44", "end": "00:14:50", "text": "people to make an infinite amount of the"}, {"start": "00:14:46", "end": "00:14:54", "text": "coin. No one did, and then prices fell."}, {"start": "00:14:50", "end": "00:14:57", "text": "So, people the general idea is that"}, {"start": "00:14:54", "end": "00:15:00", "text": "people think it's the Zcash news"}, {"start": "00:14:57", "end": "00:15:01", "text": "and the news that Michael Saylor sold"}, {"start": "00:15:00", "end": "00:15:03", "text": "some"}, {"start": "00:15:01", "end": "00:15:06", "text": "Bitcoin that caused a huge amount of"}, {"start": "00:15:03", "end": "00:15:08", "text": "panic, as I told you before."}, {"start": "00:15:06", "end": "00:15:11", "text": "You can't announce"}, {"start": "00:15:08", "end": "00:15:12", "text": "that you're buying a million of a finite"}, {"start": "00:15:11", "end": "00:15:15", "text": "asset."}, {"start": "00:15:12", "end": "00:15:16", "text": "You say that you're never going to sell,"}, {"start": "00:15:15", "end": "00:15:19", "text": "and then you sell. They've they've"}, {"start": "00:15:16", "end": "00:15:21", "text": "officially broken all trust. Even in 7"}, {"start": "00:15:19", "end": "00:15:23", "text": "years, if they they sold again, it's"}, {"start": "00:15:21", "end": "00:15:25", "text": "still going to be a news articles."}, {"start": "00:15:23", "end": "00:15:28", "text": "They say they're not going to sell, but"}, {"start": "00:15:25", "end": "00:15:29", "text": "back in 2026 this did happen. So, you"}, {"start": "00:15:28", "end": "00:15:32", "text": "know,"}, {"start": "00:15:29", "end": "00:15:35", "text": "therefore the treasury firm believes,"}, {"start": "00:15:32", "end": "00:15:38", "text": "and I quote, that ETH prices should not"}, {"start": "00:15:35", "end": "00:15:39", "text": "be coming under pressure."}, {"start": "00:15:38", "end": "00:15:43", "text": "He added after the latest purchase the"}, {"start": "00:15:39", "end": "00:15:46", "text": "firm's ETH holdings have reached 4.59%"}, {"start": "00:15:43", "end": "00:15:48", "text": "of the altcoins total supply."}, {"start": "00:15:46", "end": "00:15:52", "text": "Lee is expecting the company to reach"}, {"start": "00:15:48", "end": "00:15:55", "text": "its 5% supply goal sometime in 20 26."}, {"start": "00:15:52", "end": "00:15:57", "text": "That's just complete logic. I I feel"}, {"start": "00:15:55", "end": "00:15:59", "text": "like they can even do it right now. I I"}, {"start": "00:15:57", "end": "00:16:01", "text": "feel like they're waiting cuz they're"}, {"start": "00:15:59", "end": "00:16:02", "text": "trying to be nice and being like, oh"}, {"start": "00:16:01", "end": "00:16:04", "text": "yeah, like we're just going to purchase"}, {"start": "00:16:02", "end": "00:16:07", "text": "like, you know, so-and-so. No, they"}, {"start": "00:16:04", "end": "00:16:08", "text": "could buy all of that right now."}, {"start": "00:16:07", "end": "00:16:10", "text": "Especially"}, {"start": "00:16:08", "end": "00:16:12", "text": "with current prices as we are in that"}, {"start": "00:16:10", "end": "00:16:14", "text": "$4,000."}, {"start": "00:16:12", "end": "00:16:17", "text": "But, yeah, as as you might have imagined"}, {"start": "00:16:14", "end": "00:16:19", "text": "this was"}, {"start": "00:16:17", "end": "00:16:22", "text": "quite popular."}, {"start": "00:16:19", "end": "00:16:24", "text": "I I I I I don't"}, {"start": "00:16:22", "end": "00:16:26", "text": "I don't honestly know anymore."}, {"start": "00:16:24", "end": "00:16:27", "text": "Um"}, {"start": "00:16:26", "end": "00:16:30", "text": "yeah, we'll see what ends up happening."}, {"start": "00:16:27", "end": "00:16:34", "text": "We are caught between"}, {"start": "00:16:30", "end": "00:16:37", "text": "uncertainty and a hard rock right now."}, {"start": "00:16:34", "end": "00:16:39", "text": "Um the next couple of days will provide"}, {"start": "00:16:37", "end": "00:16:42", "text": "clarity. I think it's not going to be"}, {"start": "00:16:39", "end": "00:16:44", "text": "the answer that many people want."}, {"start": "00:16:42", "end": "00:16:47", "text": "I have a feeling we're either going to"}, {"start": "00:16:44", "end": "00:16:50", "text": "see interest rates not move or actually"}, {"start": "00:16:47", "end": "00:16:53", "text": "move up. I know it seems relatively"}, {"start": "00:16:50", "end": "00:16:56", "text": "uh crazy at this point because uh we've"}, {"start": "00:16:53", "end": "00:16:58", "text": "heard only the opposite, but"}, {"start": "00:16:56", "end": "00:17:01", "text": "I think a lot of people really don't"}, {"start": "00:16:58", "end": "00:17:03", "text": "understand how bad things are. This"}, {"start": "00:17:01", "end": "00:17:05", "text": "isn't simply being like, oh yeah, let's"}, {"start": "00:17:03", "end": "00:17:07", "text": "lower interest rates so asset prices can"}, {"start": "00:17:05", "end": "00:17:09", "text": "go up. Like, people are fleeing the US"}, {"start": "00:17:07", "end": "00:17:12", "text": "dollar."}, {"start": "00:17:09", "end": "00:17:13", "text": "If they flee the US dollar, it becomes"}, {"start": "00:17:12", "end": "00:17:15", "text": "weaker. It is the world reserve"}, {"start": "00:17:13", "end": "00:17:17", "text": "currency, and it looks like it's already"}, {"start": "00:17:15", "end": "00:17:20", "text": "beginning to collapse."}, {"start": "00:17:17", "end": "00:17:22", "text": "The US is near 40 trillion dollars worth"}, {"start": "00:17:20", "end": "00:17:24", "text": "of debt that won't be paid off. Like"}, {"start": "00:17:22", "end": "00:17:26", "text": "things are bad."}, {"start": "00:17:24", "end": "00:17:29", "text": "They're not like wobbly."}, {"start": "00:17:26", "end": "00:17:32", "text": "They're like like"}, {"start": "00:17:29", "end": "00:17:34", "text": "fall of Rome kind of kind of levels."}, {"start": "00:17:32", "end": "00:17:36", "text": "People can't afford food. People can't"}, {"start": "00:17:34", "end": "00:17:37", "text": "afford groceries. People can't afford"}, {"start": "00:17:36", "end": "00:17:39", "text": "rent. People can't afford their cars."}, {"start": "00:17:37", "end": "00:17:44", "text": "People can't afford like"}, {"start": "00:17:39", "end": "00:17:44", "text": "So, um yeah. In"}, {"start": "00:17:45", "end": "00:17:53", "text": "sev- seven days"}, {"start": "00:17:48", "end": "00:17:55", "text": "we should have full clarity"}, {"start": "00:17:53", "end": "00:17:56", "text": "as to where world markets are going to"}, {"start": "00:17:55", "end": "00:17:59", "text": "go."}, {"start": "00:17:56", "end": "00:18:00", "text": "And like I said, I I don't think"}, {"start": "00:17:59", "end": "00:18:02", "text": "I don't think a lot of people are going"}, {"start": "00:18:00", "end": "00:18:08", "text": "to like the answer."}, {"start": "00:18:02", "end": "00:18:09", "text": "Uh that's the Bitmain and Ethereum news."}, {"start": "00:18:08", "end": "00:18:11", "text": "And"}, {"start": "00:18:09", "end": "00:18:14", "text": "yeah."}, {"start": "00:18:11", "end": "00:18:14", "text": "Let's move on."}, {"start": "00:18:14", "end": "00:18:19", "text": "Also in"}, {"start": "00:18:16", "end": "00:18:21", "text": "unsurprising, but it does make sense."}, {"start": "00:18:19", "end": "00:18:24", "text": "Around the world, uh cryptocurrency"}, {"start": "00:18:21", "end": "00:18:26", "text": "adoption is also ramping up and uh"}, {"start": "00:18:24", "end": "00:18:29", "text": "continuing."}, {"start": "00:18:26", "end": "00:18:32", "text": "We are seeing huge amounts of crypto"}, {"start": "00:18:29", "end": "00:18:35", "text": "adoption in Latin America. If you"}, {"start": "00:18:32", "end": "00:18:37", "text": "haven't been here for those stories,"}, {"start": "00:18:35", "end": "00:18:39", "text": "it's actually it's it's very good news."}, {"start": "00:18:37", "end": "00:18:40", "text": "It's it's it's bad news that moves into"}, {"start": "00:18:39", "end": "00:18:44", "text": "good news."}, {"start": "00:18:40", "end": "00:18:47", "text": "So, inflation in the United States is"}, {"start": "00:18:44", "end": "00:18:49", "text": "roughly around 25%. I know you've been"}, {"start": "00:18:47", "end": "00:18:51", "text": "told three point something, but based"}, {"start": "00:18:49", "end": "00:18:54", "text": "off of rent increases, housing price"}, {"start": "00:18:51", "end": "00:18:56", "text": "increases per year, the cost of gas, the"}, {"start": "00:18:54", "end": "00:18:59", "text": "cost of insurance, the cost of heating,"}, {"start": "00:18:56", "end": "00:19:01", "text": "the cost of electricity is roughly"}, {"start": "00:18:59", "end": "00:19:04", "text": "around 25%."}, {"start": "00:19:01", "end": "00:19:05", "text": "Uh in Latin America, many countries now"}, {"start": "00:19:04", "end": "00:19:09", "text": "of course not all of it, but many places"}, {"start": "00:19:05", "end": "00:19:11", "text": "in Latin America are doing far worse"}, {"start": "00:19:09", "end": "00:19:14", "text": "than 25%"}, {"start": "00:19:11", "end": "00:19:17", "text": "and what we've been seeing is a huge"}, {"start": "00:19:14", "end": "00:19:19", "text": "cohort of people in Latin America"}, {"start": "00:19:17", "end": "00:19:21", "text": "beginning to move their money into"}, {"start": "00:19:19", "end": "00:19:24", "text": "crypto. This is why you've also seen"}, {"start": "00:19:21", "end": "00:19:27", "text": "this additional push towards um altcoins"}, {"start": "00:19:24", "end": "00:19:29", "text": "recently. You would assume it is because"}, {"start": "00:19:27", "end": "00:19:32", "text": "they they want this kind of adoption"}, {"start": "00:19:29", "end": "00:19:35", "text": "within the states, but people within"}, {"start": "00:19:32", "end": "00:19:38", "text": "the United States and Canada"}, {"start": "00:19:35", "end": "00:19:39", "text": "and in Europe, there's no real heavy alt"}, {"start": "00:19:38", "end": "00:19:42", "text": "um"}, {"start": "00:19:39", "end": "00:19:44", "text": "stablecoin adoption. It's just not"}, {"start": "00:19:42", "end": "00:19:46", "text": "it's just not popular in in in those"}, {"start": "00:19:44", "end": "00:19:48", "text": "regions, but in Latin America, it is."}, {"start": "00:19:46", "end": "00:19:51", "text": "So, these people going through 70, 80,"}, {"start": "00:19:48", "end": "00:19:53", "text": "90% levels of inflation, they're"}, {"start": "00:19:51", "end": "00:19:54", "text": "actually using stablecoins"}, {"start": "00:19:53", "end": "00:19:56", "text": "uh"}, {"start": "00:19:54", "end": "00:19:57", "text": "to"}, {"start": "00:19:56", "end": "00:20:00", "text": "spend money. They're putting their"}, {"start": "00:19:57", "end": "00:20:02", "text": "paychecks immediately into stablecoins"}, {"start": "00:20:00", "end": "00:20:05", "text": "to be able to uh use their paychecks in"}, {"start": "00:20:02", "end": "00:20:08", "text": "a stable form, but they're also"}, {"start": "00:20:05", "end": "00:20:10", "text": "beginning to put money actively into as"}, {"start": "00:20:08", "end": "00:20:12", "text": "far as we've heard,"}, {"start": "00:20:10", "end": "00:20:14", "text": "the name has just been Bitcoin thus far."}, {"start": "00:20:12", "end": "00:20:16", "text": "I assume there are other coins, but the"}, {"start": "00:20:14", "end": "00:20:19", "text": "word that we keep hearing"}, {"start": "00:20:16", "end": "00:20:22", "text": "is mainly Bitcoin in as like a a a a"}, {"start": "00:20:19", "end": "00:20:24", "text": "savings account."}, {"start": "00:20:22", "end": "00:20:26", "text": "So, Latin America already had huge"}, {"start": "00:20:24", "end": "00:20:27", "text": "levels of crypto adoption. This seems to"}, {"start": "00:20:26", "end": "00:20:30", "text": "be continuing and now we're starting to"}, {"start": "00:20:27", "end": "00:20:32", "text": "see like the legalization of a lot of"}, {"start": "00:20:30", "end": "00:20:34", "text": "these things and uh you're allowed to do"}, {"start": "00:20:32", "end": "00:20:36", "text": "this and you can put your money into"}, {"start": "00:20:34", "end": "00:20:39", "text": "that and you are legally able to do that"}, {"start": "00:20:36", "end": "00:20:44", "text": "within this country. Like that's kind of"}, {"start": "00:20:39", "end": "00:20:46", "text": "uh where we are. So, a company called"}, {"start": "00:20:44", "end": "00:20:50", "text": "Porvenir,"}, {"start": "00:20:46", "end": "00:20:53", "text": "okay, has launched a crypto portfolio"}, {"start": "00:20:50", "end": "00:20:56", "text": "using a BlackRock's IBIT ETF for"}, {"start": "00:20:53", "end": "00:20:57", "text": "Colombian pensioners. This is something"}, {"start": "00:20:56", "end": "00:21:00", "text": "we had around and I and I don't"}, {"start": "00:20:57", "end": "00:21:03", "text": "understand I I really"}, {"start": "00:21:00", "end": "00:21:06", "text": "This is completely I don't understand"}, {"start": "00:21:03", "end": "00:21:08", "text": "how more"}, {"start": "00:21:06", "end": "00:21:12", "text": "how people get so"}, {"start": "00:21:08", "end": "00:21:14", "text": "scared of crypto prices falling down"}, {"start": "00:21:12", "end": "00:21:17", "text": "or don't remember everything that's been"}, {"start": "00:21:14", "end": "00:21:19", "text": "happening. And I know that a huge"}, {"start": "00:21:17", "end": "00:21:21", "text": "portion of it might be just like"}, {"start": "00:21:19", "end": "00:21:23", "text": "I said it before. If we get news every"}, {"start": "00:21:21", "end": "00:21:24", "text": "single day,"}, {"start": "00:21:23", "end": "00:21:27", "text": "I understand that it's probably"}, {"start": "00:21:24", "end": "00:21:29", "text": "difficult to maintain all of that within"}, {"start": "00:21:27", "end": "00:21:31", "text": "your noggin."}, {"start": "00:21:29", "end": "00:21:33", "text": "If you're hearing huge It's kind of like"}, {"start": "00:21:31", "end": "00:21:36", "text": "someone did a study years ago and they"}, {"start": "00:21:33", "end": "00:21:38", "text": "were going over um if you've never been"}, {"start": "00:21:36", "end": "00:21:40", "text": "to the United States before,"}, {"start": "00:21:38", "end": "00:21:42", "text": "uh there's a huge amount of"}, {"start": "00:21:40", "end": "00:21:45", "text": "advertisement everywhere. Like there's"}, {"start": "00:21:42", "end": "00:21:46", "text": "ads everywhere on everything. There's"}, {"start": "00:21:45", "end": "00:21:47", "text": "billboards. When you drive down the"}, {"start": "00:21:46", "end": "00:21:49", "text": "highway,"}, {"start": "00:21:47", "end": "00:21:51", "text": "you're going to see 800 billboards"}, {"start": "00:21:49", "end": "00:21:53", "text": "non-stop back to back to back. And"}, {"start": "00:21:51", "end": "00:21:55", "text": "someone was going over the actual effect"}, {"start": "00:21:53", "end": "00:21:57", "text": "of that on the human mind and it's like"}, {"start": "00:21:55", "end": "00:21:58", "text": "you become overloaded because you're"}, {"start": "00:21:57", "end": "00:22:01", "text": "constantly just being fed this"}, {"start": "00:21:58", "end": "00:22:03", "text": "information non-stop that your mind"}, {"start": "00:22:01", "end": "00:22:06", "text": "can't really"}, {"start": "00:22:03", "end": "00:22:09", "text": "uh focus on any one thing. In the"}, {"start": "00:22:06", "end": "00:22:11", "text": "cryptocurrency space,"}, {"start": "00:22:09", "end": "00:22:13", "text": "2 years ago,"}, {"start": "00:22:11", "end": "00:22:16", "text": "there was news that many different uh"}, {"start": "00:22:13", "end": "00:22:19", "text": "pensions, like retirement plans within"}, {"start": "00:22:16", "end": "00:22:21", "text": "the United States, had begun to also buy"}, {"start": "00:22:19", "end": "00:22:23", "text": "crypto. Like and I mean like they were"}, {"start": "00:22:21", "end": "00:22:24", "text": "buying like spot. They're like they were"}, {"start": "00:22:23", "end": "00:22:26", "text": "we are actively holding Bitcoin. This is"}, {"start": "00:22:24", "end": "00:22:27", "text": "before the ETFs."}, {"start": "00:22:26", "end": "00:22:30", "text": "And I was like, \"Do you know how"}, {"start": "00:22:27", "end": "00:22:32", "text": "significant that is?\" Like they're"}, {"start": "00:22:30", "end": "00:22:33", "text": "buying Bitcoin"}, {"start": "00:22:32", "end": "00:22:37", "text": "and I think some of them were buying"}, {"start": "00:22:33", "end": "00:22:40", "text": "ether. It's it's a symbol of longevity."}, {"start": "00:22:37", "end": "00:22:41", "text": "When you buy something for a retirement"}, {"start": "00:22:40", "end": "00:22:44", "text": "fund, it's because you think that asset"}, {"start": "00:22:41", "end": "00:22:46", "text": "is going to do and perform well over the"}, {"start": "00:22:44", "end": "00:22:48", "text": "course of the next 15 to 20 years. If"}, {"start": "00:22:46", "end": "00:22:50", "text": "you've never put money into a retirement"}, {"start": "00:22:48", "end": "00:22:52", "text": "fund, which you should all be doing,"}, {"start": "00:22:50", "end": "00:22:54", "text": "put money into a retirement fund. Many"}, {"start": "00:22:52", "end": "00:22:57", "text": "of them literally have this thing and"}, {"start": "00:22:54", "end": "00:22:59", "text": "it's like we're holding like you you'll"}, {"start": "00:22:57", "end": "00:23:02", "text": "the money that you put your fund into"}, {"start": "00:22:59", "end": "00:23:07", "text": "will be called"}, {"start": "00:23:02", "end": "00:23:09", "text": "uh Fund 2035, Fund 2040, Fund 2045. They"}, {"start": "00:23:07", "end": "00:23:12", "text": "represent the year that you"}, {"start": "00:23:09", "end": "00:23:14", "text": "are actively hoping to retire."}, {"start": "00:23:12", "end": "00:23:15", "text": "And therefore, your money will get put"}, {"start": "00:23:14", "end": "00:23:18", "text": "into that fund, and it'll show you how"}, {"start": "00:23:15", "end": "00:23:20", "text": "much, you know, more it will have grown"}, {"start": "00:23:18", "end": "00:23:22", "text": "based off of that year that you clicked"}, {"start": "00:23:20", "end": "00:23:23", "text": "on."}, {"start": "00:23:22", "end": "00:23:24", "text": "Them announcing that they're using"}, {"start": "00:23:23", "end": "00:23:26", "text": "crypto is like, \"Well, yeah, we're"}, {"start": "00:23:24", "end": "00:23:28", "text": "buying up some because we're expecting"}, {"start": "00:23:26", "end": "00:23:30", "text": "by the year 2040 Bitcoin's at several"}, {"start": "00:23:28", "end": "00:23:33", "text": "million dollars per coin, and therefore"}, {"start": "00:23:30", "end": "00:23:34", "text": "it benefits the people who are in this"}, {"start": "00:23:33", "end": "00:23:36", "text": "actual fund.\""}, {"start": "00:23:34", "end": "00:23:39", "text": "Crypto's like actively taking over the"}, {"start": "00:23:36", "end": "00:23:42", "text": "world. I told you, Bitcoin's going to"}, {"start": "00:23:39", "end": "00:23:43", "text": "make it and survive and thrive because"}, {"start": "00:23:42", "end": "00:23:45", "text": "they think"}, {"start": "00:23:43", "end": "00:23:47", "text": "that it's going to survive and thrive."}, {"start": "00:23:45", "end": "00:23:48", "text": "They they they they they're putting"}, {"start": "00:23:47", "end": "00:23:49", "text": "their chips on it. They're actively"}, {"start": "00:23:48", "end": "00:23:51", "text": "saying"}, {"start": "00:23:49", "end": "00:23:53", "text": "that Bitcoin's going to be around in the"}, {"start": "00:23:51", "end": "00:23:55", "text": "future. Do you remember"}, {"start": "00:23:53", "end": "00:23:58", "text": "And this is how I know that like memory"}, {"start": "00:23:55", "end": "00:24:00", "text": "slips quite quickly."}, {"start": "00:23:58", "end": "00:24:03", "text": "Do you remember what What's the name of"}, {"start": "00:24:00", "end": "00:24:06", "text": "that company? Oh, gosh."}, {"start": "00:24:03", "end": "00:24:09", "text": "What what what Fannie Mae"}, {"start": "00:24:06", "end": "00:24:12", "text": "said like 4 months ago?"}, {"start": "00:24:09", "end": "00:24:12", "text": "Does anyone remember?"}, {"start": "00:24:12", "end": "00:24:17", "text": "If you weren't here,"}, {"start": "00:24:15", "end": "00:24:19", "text": "the largest like"}, {"start": "00:24:17", "end": "00:24:21", "text": "issuer of debt and mortgages"}, {"start": "00:24:19", "end": "00:24:23", "text": "within the United States, they're called"}, {"start": "00:24:21", "end": "00:24:25", "text": "Fannie Mae."}, {"start": "00:24:23", "end": "00:24:27", "text": "They announced a couple of months ago"}, {"start": "00:24:25", "end": "00:24:29", "text": "that they're going to be accepting"}, {"start": "00:24:27", "end": "00:24:30", "text": "Bitcoin for mortgages."}, {"start": "00:24:29", "end": "00:24:32", "text": "So, like let's say you want to put a"}, {"start": "00:24:30", "end": "00:24:34", "text": "down payment on a home, and you're like,"}, {"start": "00:24:32", "end": "00:24:36", "text": "\"That home is 400,000,"}, {"start": "00:24:34", "end": "00:24:38", "text": "and you want to put down 25%,\" and"}, {"start": "00:24:36", "end": "00:24:40", "text": "you're like, \"I don't have 100,000 in"}, {"start": "00:24:38", "end": "00:24:43", "text": "cash,"}, {"start": "00:24:40", "end": "00:24:46", "text": "but I do have 100,000 in Bitcoin.\""}, {"start": "00:24:43", "end": "00:24:49", "text": "They're going to accept your Bitcoin for"}, {"start": "00:24:46", "end": "00:24:49", "text": "mortgage payments."}, {"start": "00:24:49", "end": "00:24:53", "text": "That like"}, {"start": "00:24:51", "end": "00:24:55", "text": "that indicates that crypto has won."}, {"start": "00:24:53", "end": "00:24:59", "text": "Crypto's here for the long term. Fannie"}, {"start": "00:24:55", "end": "00:25:01", "text": "Mae would not be accepting or announcing"}, {"start": "00:24:59", "end": "00:25:03", "text": "that they're going to accept Bitcoin"}, {"start": "00:25:01", "end": "00:25:07", "text": "because in 2 and 1/2 years they're"}, {"start": "00:25:03", "end": "00:25:07", "text": "expecting Bitcoin to be at $4."}, {"start": "00:25:07", "end": "00:25:12", "text": "So,"}, {"start": "00:25:09", "end": "00:25:15", "text": "a lot of times within the space, I I I I"}, {"start": "00:25:12", "end": "00:25:18", "text": "think there is just a huge"}, {"start": "00:25:15", "end": "00:25:22", "text": "maybe maybe disconnect between knowledge"}, {"start": "00:25:18", "end": "00:25:23", "text": "or events or news. If people aren't"}, {"start": "00:25:22", "end": "00:25:25", "text": "um"}, {"start": "00:25:23", "end": "00:25:28", "text": "aware of this stuff happening every"}, {"start": "00:25:25", "end": "00:25:30", "text": "single day. I I don't"}, {"start": "00:25:28", "end": "00:25:31", "text": "I don't really know what it is, but"}, {"start": "00:25:30", "end": "00:25:34", "text": "anytime that something slightly scary"}, {"start": "00:25:31", "end": "00:25:35", "text": "happens like people flee the market and"}, {"start": "00:25:34", "end": "00:25:38", "text": "then they don't return back for like a"}, {"start": "00:25:35", "end": "00:25:41", "text": "year and a half and it's"}, {"start": "00:25:38", "end": "00:25:44", "text": "I couldn't imagine myself hearing all of"}, {"start": "00:25:41", "end": "00:25:45", "text": "this news every single day myself."}, {"start": "00:25:44", "end": "00:25:48", "text": "I couldn't imagine hearing all of this"}, {"start": "00:25:45", "end": "00:25:50", "text": "news every single day."}, {"start": "00:25:48", "end": "00:25:52", "text": "Hearing that another coin that I'm not"}, {"start": "00:25:50", "end": "00:25:56", "text": "invested in"}, {"start": "00:25:52", "end": "00:25:57", "text": "went down by by 20% because of a code"}, {"start": "00:25:56", "end": "00:25:59", "text": "error"}, {"start": "00:25:57", "end": "00:26:00", "text": "and then being like, \"Okay, that's it."}, {"start": "00:25:59", "end": "00:26:03", "text": "I'm done. I'm done with this market. I I"}, {"start": "00:26:00", "end": "00:26:05", "text": "can't be here anymore.\""}, {"start": "00:26:03", "end": "00:26:07", "text": "It It doesn't It doesn't make any kind"}, {"start": "00:26:05", "end": "00:26:10", "text": "of"}, {"start": "00:26:07", "end": "00:26:14", "text": "uh sense to me. Uh so, it says this is"}, {"start": "00:26:10", "end": "00:26:17", "text": "tapping into Latin America's 64%"}, {"start": "00:26:14", "end": "00:26:20", "text": "annual adoption growth."}, {"start": "00:26:17", "end": "00:26:23", "text": "Porta Veneer uh mainstreams IBIT into"}, {"start": "00:26:20", "end": "00:26:25", "text": "pension funds. Yeah, they're La- Latin"}, {"start": "00:26:23", "end": "00:26:29", "text": "America's crypto growth is is"}, {"start": "00:26:25", "end": "00:26:31", "text": "staggering, but it also makes sense"}, {"start": "00:26:29", "end": "00:26:33", "text": "from the perspective of"}, {"start": "00:26:31", "end": "00:26:35", "text": "if you are in a country any country, I"}, {"start": "00:26:33", "end": "00:26:36", "text": "don't care, not even just Colombia. If"}, {"start": "00:26:35", "end": "00:26:39", "text": "you are in any country where the"}, {"start": "00:26:36", "end": "00:26:41", "text": "inflation levels are very bad and you"}, {"start": "00:26:39", "end": "00:26:43", "text": "put your money from your local currency"}, {"start": "00:26:41", "end": "00:26:46", "text": "into Tether"}, {"start": "00:26:43", "end": "00:26:47", "text": "and on your Tether wallet on your phone,"}, {"start": "00:26:46", "end": "00:26:49", "text": "you're seeing that the money that you"}, {"start": "00:26:47", "end": "00:26:53", "text": "have in stable coins is also getting"}, {"start": "00:26:49", "end": "00:26:55", "text": "like a a a 3 4 5 6% return for doing"}, {"start": "00:26:53", "end": "00:26:56", "text": "absolutely nothing. That That's going to"}, {"start": "00:26:55", "end": "00:26:58", "text": "spread very quickly. You're going to"}, {"start": "00:26:56", "end": "00:27:00", "text": "tell other friends, you're going to tell"}, {"start": "00:26:58", "end": "00:27:02", "text": "your family members, \"Stop using local"}, {"start": "00:27:00", "end": "00:27:04", "text": "currencies and use this stable coin."}, {"start": "00:27:02", "end": "00:27:06", "text": "You're making free money from doing it.\""}, {"start": "00:27:04", "end": "00:27:08", "text": "You wake up in the morning and it still"}, {"start": "00:27:06", "end": "00:27:10", "text": "says the same balance. It hasn't changed"}, {"start": "00:27:08", "end": "00:27:12", "text": "because of inflation. If anything, like"}, {"start": "00:27:10", "end": "00:27:13", "text": "it probably got stronger compared to the"}, {"start": "00:27:12", "end": "00:27:16", "text": "local currency."}, {"start": "00:27:13", "end": "00:27:19", "text": "It's It's quite fascinating, but this is"}, {"start": "00:27:16", "end": "00:27:21", "text": "what crypto's for."}, {"start": "00:27:19", "end": "00:27:22", "text": "It's meant for the public. It's meant"}, {"start": "00:27:21", "end": "00:27:24", "text": "for the people. It's meant for when"}, {"start": "00:27:22", "end": "00:27:27", "text": "there are hard economic times. It's"}, {"start": "00:27:24", "end": "00:27:28", "text": "meant to kind of like save us."}, {"start": "00:27:27", "end": "00:27:31", "text": "But, a lot of people have lost track of"}, {"start": "00:27:28", "end": "00:27:34", "text": "that or sight of it"}, {"start": "00:27:31", "end": "00:27:36", "text": "in the idea of just like we need rich"}, {"start": "00:27:34", "end": "00:27:37", "text": "people to accumulate more so that they"}, {"start": "00:27:36", "end": "00:27:38", "text": "can save the market. And it's like,"}, {"start": "00:27:37", "end": "00:27:40", "text": "\"No.\""}, {"start": "00:27:38", "end": "00:27:42", "text": "If we had 3 billion people already using"}, {"start": "00:27:40", "end": "00:27:44", "text": "crypto,"}, {"start": "00:27:42", "end": "00:27:45", "text": "not even just stable coin, just using"}, {"start": "00:27:44", "end": "00:27:47", "text": "crypto and had understood that they"}, {"start": "00:27:45", "end": "00:27:49", "text": "could get away from the old system,"}, {"start": "00:27:47", "end": "00:27:51", "text": "Bitcoin would be over half a million"}, {"start": "00:27:49", "end": "00:27:53", "text": "dollars already. Everyone keeps leaning"}, {"start": "00:27:51", "end": "00:27:55", "text": "on the rich to save us when we have to"}, {"start": "00:27:53", "end": "00:27:57", "text": "save ourselves."}, {"start": "00:27:55", "end": "00:27:59", "text": "Uh following I guess this is a company"}, {"start": "00:27:57", "end": "00:28:01", "text": "called Protecci�n. I have no idea. It"}, {"start": "00:27:59", "end": "00:28:04", "text": "says, \"Following Protecci�n,"}, {"start": "00:28:01", "end": "00:28:06", "text": "Porvenir next seeks to democratize"}, {"start": "00:28:04", "end": "00:28:08", "text": "access to crypto as a retirement"}, {"start": "00:28:06", "end": "00:28:10", "text": "investment."}, {"start": "00:28:08", "end": "00:28:14", "text": "The new investment portfolio,"}, {"start": "00:28:10", "end": "00:28:17", "text": "Crypto Porvenir, will allow Colombian"}, {"start": "00:28:14", "end": "00:28:20", "text": "pensioners to achieve crypto exposure."}, {"start": "00:28:17", "end": "00:28:23", "text": "Geez Louise. Starting at $27"}, {"start": "00:28:20", "end": "00:28:26", "text": "through a safe and regulated product"}, {"start": "00:28:23", "end": "00:28:26", "text": "that comes out to 100,000"}, {"start": "00:28:27", "end": "00:28:33", "text": "Colombian pesos. That's $27."}, {"start": "00:28:30", "end": "00:28:35", "text": "Miguel Largacha Mart�nez, Porvenir's"}, {"start": "00:28:33", "end": "00:28:37", "text": "president, linked the rise of this new"}, {"start": "00:28:35", "end": "00:28:40", "text": "option to the surge in the popularity of"}, {"start": "00:28:37", "end": "00:28:43", "text": "cryptocurrencies in Latin America,"}, {"start": "00:28:40", "end": "00:28:45", "text": "which has become a hotbed for these"}, {"start": "00:28:43", "end": "00:28:47", "text": "assets."}, {"start": "00:28:45", "end": "00:28:49", "text": "Porvenir's Crypto Porvenir fund will"}, {"start": "00:28:47", "end": "00:28:52", "text": "leverage BlackRock's iShares Bitcoin"}, {"start": "00:28:49", "end": "00:28:54", "text": "Trust exchange-traded fund, allowing the"}, {"start": "00:28:52", "end": "00:28:56", "text": "fund manager to offer crypto"}, {"start": "00:28:54", "end": "00:28:58", "text": "opportunities without having to develop"}, {"start": "00:28:56", "end": "00:29:01", "text": "and maintain self-custody procedures or"}, {"start": "00:28:58", "end": "00:29:05", "text": "manage crypto funds by itself."}, {"start": "00:29:01", "end": "00:29:07", "text": "Yeah. So, this is great."}, {"start": "00:29:05", "end": "00:29:08", "text": "I love news like this. I know it might"}, {"start": "00:29:07", "end": "00:29:10", "text": "not be the most exciting thing to"}, {"start": "00:29:08", "end": "00:29:13", "text": "people, but that's literally what it"}, {"start": "00:29:10", "end": "00:29:16", "text": "should be to you. This shows that crypto"}, {"start": "00:29:13", "end": "00:29:19", "text": "has legs, that crypto has longevity,"}, {"start": "00:29:16", "end": "00:29:23", "text": "that crypto is being adopted. You you"}, {"start": "00:29:19", "end": "00:29:25", "text": "many times might focus on what you're"}, {"start": "00:29:23", "end": "00:29:29", "text": "hearing from"}, {"start": "00:29:25", "end": "00:29:30", "text": "somebody in New York or someone in LA or"}, {"start": "00:29:29", "end": "00:29:33", "text": "these people who post these videos of"}, {"start": "00:29:30", "end": "00:29:35", "text": "themselves on yachts and boats."}, {"start": "00:29:33", "end": "00:29:37", "text": "I'm a crypto investor, like that kind of"}, {"start": "00:29:35", "end": "00:29:39", "text": "thing. No, the thing that will cause"}, {"start": "00:29:37", "end": "00:29:42", "text": "crypto to be around forever is this."}, {"start": "00:29:39", "end": "00:29:43", "text": "It's fiat currencies actively collapsing"}, {"start": "00:29:42", "end": "00:29:46", "text": "in front of us. It's people around the"}, {"start": "00:29:43", "end": "00:29:48", "text": "world being like, \"I can't take this"}, {"start": "00:29:46", "end": "00:29:50", "text": "anymore. Is there a better option?\" They"}, {"start": "00:29:48", "end": "00:29:52", "text": "put their money into stable coins. These"}, {"start": "00:29:50", "end": "00:29:54", "text": "stable coins exist on top of the coins"}, {"start": "00:29:52", "end": "00:29:57", "text": "that you own."}, {"start": "00:29:54", "end": "00:30:01", "text": "And these people are accumulating crypto"}, {"start": "00:29:57", "end": "00:30:03", "text": "every single month for like savings."}, {"start": "00:30:01", "end": "00:30:05", "text": "That's how adoption actually moves. If"}, {"start": "00:30:03", "end": "00:30:08", "text": "everyone in the States, if everyone in"}, {"start": "00:30:05", "end": "00:30:10", "text": "Canada, if everyone in Europe isn't"}, {"start": "00:30:08", "end": "00:30:12", "text": "actively buying crypto, if they're not"}, {"start": "00:30:10", "end": "00:30:14", "text": "staking, if they're not buying every"}, {"start": "00:30:12", "end": "00:30:17", "text": "single month, if they're not swapping"}, {"start": "00:30:14", "end": "00:30:19", "text": "their money from euros and and dollars,"}, {"start": "00:30:17", "end": "00:30:22", "text": "multiple dollars, the Canadian and the"}, {"start": "00:30:19", "end": "00:30:25", "text": "US one or the Australian one, because"}, {"start": "00:30:22", "end": "00:30:27", "text": "their economy is relatively stable, then"}, {"start": "00:30:25", "end": "00:30:29", "text": "of course the lower half of the world,"}, {"start": "00:30:27", "end": "00:30:31", "text": "like literally, has to pick up the"}, {"start": "00:30:29", "end": "00:30:33", "text": "slack. So, we're also seeing huge"}, {"start": "00:30:31", "end": "00:30:36", "text": "amounts of adoption in Africa and"}, {"start": "00:30:33", "end": "00:30:39", "text": "Southeast Asia, but Latin America seems"}, {"start": "00:30:36", "end": "00:30:41", "text": "to be like the the big one currently,"}, {"start": "00:30:39", "end": "00:30:42", "text": "where there's a lot of it, but um"}, {"start": "00:30:41", "end": "00:30:45", "text": "yeah."}, {"start": "00:30:42", "end": "00:30:47", "text": "I hope there's more crypto adoption."}, {"start": "00:30:45", "end": "00:30:48", "text": "We're not going to see a change in"}, {"start": "00:30:47", "end": "00:30:50", "text": "financial policies from the people who"}, {"start": "00:30:48", "end": "00:30:50", "text": "have"}, {"start": "00:30:50", "end": "00:30:54", "text": "uh"}, {"start": "00:30:50", "end": "00:30:55", "text": "destroyed the world. Uh so, it's nice to"}, {"start": "00:30:54", "end": "00:30:57", "text": "see that there is an alternative, and I"}, {"start": "00:30:55", "end": "00:30:59", "text": "hope people continue to move into the"}, {"start": "00:30:57", "end": "00:31:01", "text": "market, and I hope they have a more"}, {"start": "00:30:59", "end": "00:31:04", "text": "stable future, and I hope that crypto"}, {"start": "00:31:01", "end": "00:31:05", "text": "prices go up so that they also have"}, {"start": "00:31:04", "end": "00:31:07", "text": "money [snorts] and get wealthy as well"}, {"start": "00:31:05", "end": "00:31:10", "text": "because"}, {"start": "00:31:07", "end": "00:31:12", "text": "yeah. Anyway, yeah. I think that's going"}, {"start": "00:31:10", "end": "00:31:14", "text": "to do it for this video, everyone."}, {"start": "00:31:12", "end": "00:31:16", "text": "Hope you're all doing well. Hope you"}, {"start": "00:31:14", "end": "00:31:19", "text": "didn't slam your finger into a door."}, {"start": "00:31:16", "end": "00:31:22", "text": "It's It's It's It's miraculous the"}, {"start": "00:31:19", "end": "00:31:23", "text": "things that happen in a day when you're"}, {"start": "00:31:22", "end": "00:31:26", "text": "uh"}, {"start": "00:31:23", "end": "00:31:27", "text": "just expecting to exist. Um yeah, like I"}, {"start": "00:31:26", "end": "00:31:28", "text": "was saying before, make sure to take"}, {"start": "00:31:27", "end": "00:31:30", "text": "care of yourself. Make sure to do"}, {"start": "00:31:28", "end": "00:31:33", "text": "something that makes you happy or fun."}, {"start": "00:31:30", "end": "00:31:35", "text": "Uh recently, I've been watching tons of"}, {"start": "00:31:33", "end": "00:31:38", "text": "uh cartoons and movies from when I was a"}, {"start": "00:31:35", "end": "00:31:40", "text": "kid. It is It is grand. The last couple"}, {"start": "00:31:38", "end": "00:31:41", "text": "of weeks have been quite intense, uh"}, {"start": "00:31:40", "end": "00:31:43", "text": "especially for a lot of people who I"}, {"start": "00:31:41", "end": "00:31:44", "text": "know as well. So, I know we're not the"}, {"start": "00:31:43", "end": "00:31:48", "text": "only ones."}, {"start": "00:31:44", "end": "00:31:50", "text": "So, make sure to take it easy."}, {"start": "00:31:48", "end": "00:31:51", "text": "I do hope that you've all enjoyed. I do"}, {"start": "00:31:50", "end": "00:31:54", "text": "hope that you all are having a great"}, {"start": "00:31:51", "end": "00:31:56", "text": "day, a great morning, afternoon,"}, {"start": "00:31:54", "end": "00:31:57", "text": "evening, wherever you are, wherever you"}, {"start": "00:31:56", "end": "00:32:00", "text": "might be."}, {"start": "00:31:57", "end": "00:32:01", "text": "I do hope it is absolutely fantastic."}, {"start": "00:32:00", "end": "00:32:02", "text": "Thank you all once again for watching,"}, {"start": "00:32:01", "end": "00:32:05", "text": "listening, liking, commenting, and"}, {"start": "00:32:02", "end": "00:32:06", "text": "supporting, and I will most certainly be"}, {"start": "00:32:05", "end": "00:32:09", "text": "talking"}, {"start": "00:32:06", "end": "00:32:12", "text": "to you all soon."}, {"start": "00:32:09", "end": "00:32:12", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:06", "text": "Hello everybody."}, {"start": "00:00:04", "end": "00:00:10", "text": "Welcome back. Welcome back for another"}, {"start": "00:00:06", "end": "00:00:12", "text": "video. Welcome back to the channel. Hope"}, {"start": "00:00:10", "end": "00:00:15", "text": "you're all doing well. Hope you're all"}, {"start": "00:00:12", "end": "00:00:18", "text": "having a great day. Hope you're all"}, {"start": "00:00:15", "end": "00:00:20", "text": "doing absolutely fantastic."}, {"start": "00:00:18", "end": "00:00:23", "text": "Very big thank you to my Patreon"}, {"start": "00:00:20", "end": "00:00:27", "text": "supporters, Finley Bass, Gilboa Snake,"}, {"start": "00:00:23", "end": "00:00:30", "text": "and Trent Jackson. Uh very big thank you"}, {"start": "00:00:27", "end": "00:00:32", "text": "from the bottom of my heart."}, {"start": "00:00:30", "end": "00:00:34", "text": "Uh, I just woke up. This This is why I"}, {"start": "00:00:32", "end": "00:00:36", "text": "sound a little bit crazy, but it'll, you"}, {"start": "00:00:34", "end": "00:00:38", "text": "know, we'll"}, {"start": "00:00:36", "end": "00:00:40", "text": "we'll get there. Uh, don't forget to"}, {"start": "00:00:38", "end": "00:00:42", "text": "leave a like. Yeah, likes are pretty"}, {"start": "00:00:40", "end": "00:00:44", "text": "good. They help out the channel. They"}, {"start": "00:00:42", "end": "00:00:47", "text": "help out the algorithm and all that good"}, {"start": "00:00:44", "end": "00:00:52", "text": "stuff. Uh, without any further ado,"}, {"start": "00:00:47", "end": "00:00:58", "text": "let's jump right into it. Um the c"}, {"start": "00:00:52", "end": "00:00:59", "text": "crypto is currently in a very weird flux"}, {"start": "00:00:58", "end": "00:01:02", "text": "transitional"}, {"start": "00:00:59", "end": "00:01:06", "text": "situation period"}, {"start": "00:01:02", "end": "00:01:10", "text": "where we are basically"}, {"start": "00:01:06", "end": "00:01:13", "text": "very close to if you haven't been here"}, {"start": "00:01:10", "end": "00:01:15", "text": "we're going to see in very short order"}, {"start": "00:01:13", "end": "00:01:18", "text": "exactly where the market is going to go"}, {"start": "00:01:15", "end": "00:01:22", "text": "and I think it's beginning to spook a"}, {"start": "00:01:18", "end": "00:01:26", "text": "lot of people We're getting indications"}, {"start": "00:01:22", "end": "00:01:29", "text": "that because inflation is so bad within"}, {"start": "00:01:26", "end": "00:01:32", "text": "the United States with many experts"}, {"start": "00:01:29", "end": "00:01:35", "text": "actually saying that the number is above"}, {"start": "00:01:32", "end": "00:01:38", "text": "24%. Yes, that is a real number because"}, {"start": "00:01:35", "end": "00:01:40", "text": "of jobless numbers, because of US debt,"}, {"start": "00:01:38", "end": "00:01:44", "text": "because of ddollarization,"}, {"start": "00:01:40", "end": "00:01:47", "text": "uh because of the cost of petrol and"}, {"start": "00:01:44", "end": "00:01:51", "text": "food and rent and child care and"}, {"start": "00:01:47", "end": "00:01:56", "text": "insurance and life going up sign"}, {"start": "00:01:51", "end": "00:01:58", "text": "significantly year on year. Um we could"}, {"start": "00:01:56", "end": "00:02:01", "text": "see the the new head of the Federal"}, {"start": "00:01:58", "end": "00:02:02", "text": "Reserve actually raise interest rates."}, {"start": "00:02:01", "end": "00:02:04", "text": "And if you've seen that's for some"}, {"start": "00:02:02", "end": "00:02:06", "text": "reason like heavily spooking and well"}, {"start": "00:02:04", "end": "00:02:08", "text": "not for some reason, we know the reason."}, {"start": "00:02:06", "end": "00:02:11", "text": "Uh everybody wants uh cheap money. So"}, {"start": "00:02:08", "end": "00:02:14", "text": "the idea of a lower interest rate uh"}, {"start": "00:02:11", "end": "00:02:17", "text": "makes it easier for the corrupt system"}, {"start": "00:02:14", "end": "00:02:20", "text": "to basically continue to pump. That is"}, {"start": "00:02:17", "end": "00:02:24", "text": "the system that ins snares you in debt"}, {"start": "00:02:20", "end": "00:02:25", "text": "in some form or another. they the the"}, {"start": "00:02:24", "end": "00:02:28", "text": "people who run everything, they want"}, {"start": "00:02:25", "end": "00:02:31", "text": "debt to be cheap so that you are more"}, {"start": "00:02:28", "end": "00:02:33", "text": "inclined to get into debt and continue"}, {"start": "00:02:31", "end": "00:02:35", "text": "the system uh running. That's literally"}, {"start": "00:02:33", "end": "00:02:37", "text": "what it is. If you haven't figured out"}, {"start": "00:02:35", "end": "00:02:40", "text": "before, if you haven't watched financial"}, {"start": "00:02:37", "end": "00:02:41", "text": "news and these people, they go on there"}, {"start": "00:02:40", "end": "00:02:44", "text": "and they talk about the state of the"}, {"start": "00:02:41", "end": "00:02:46", "text": "economy. If you listen to what they say,"}, {"start": "00:02:44", "end": "00:02:47", "text": "they say, \"Yeah, like you know, things"}, {"start": "00:02:46", "end": "00:02:50", "text": "aren't looking too good. Like consumer"}, {"start": "00:02:47", "end": "00:02:51", "text": "spending is down. You know, no one's"}, {"start": "00:02:50", "end": "00:02:54", "text": "really like doing this anymore. like"}, {"start": "00:02:51", "end": "00:02:57", "text": "we're actually seeing uh retail and"}, {"start": "00:02:54", "end": "00:02:59", "text": "consumer uh saving going up. So they see"}, {"start": "00:02:57", "end": "00:03:00", "text": "like money being saved inside of bank"}, {"start": "00:02:59", "end": "00:03:02", "text": "accounts and that's counted as a"}, {"start": "00:03:00", "end": "00:03:04", "text": "negative"}, {"start": "00:03:02", "end": "00:03:07", "text": "to the economy because we're supposed to"}, {"start": "00:03:04", "end": "00:03:12", "text": "just be spending until we have nothing"}, {"start": "00:03:07", "end": "00:03:15", "text": "left. So uh with within that deeply"}, {"start": "00:03:12", "end": "00:03:18", "text": "entangled is about the future of the"}, {"start": "00:03:15", "end": "00:03:22", "text": "cryptocurrency space. Uh I will say long"}, {"start": "00:03:18", "end": "00:03:24", "text": "term crypto is going to do just fine."}, {"start": "00:03:22", "end": "00:03:29", "text": "However, short term there are rumblings"}, {"start": "00:03:24", "end": "00:03:32", "text": "of fear because of situations."}, {"start": "00:03:29", "end": "00:03:34", "text": "So with world events continuing even"}, {"start": "00:03:32", "end": "00:03:37", "text": "though we were told that they were going"}, {"start": "00:03:34", "end": "00:03:40", "text": "to cease around 3 years ago, 3 weeks"}, {"start": "00:03:37", "end": "00:03:42", "text": "ago, I'm still waking up. Uh this is"}, {"start": "00:03:40", "end": "00:03:45", "text": "putting a damper on many different"}, {"start": "00:03:42", "end": "00:03:48", "text": "commodities. The the weirdest part is"}, {"start": "00:03:45", "end": "00:03:50", "text": "that gold and silver have also"}, {"start": "00:03:48", "end": "00:03:53", "text": "been pushed down further in price as"}, {"start": "00:03:50", "end": "00:03:55", "text": "well when normally you would see when"}, {"start": "00:03:53", "end": "00:03:58", "text": "there are extreme issues in the world or"}, {"start": "00:03:55", "end": "00:04:01", "text": "in finance or in debt or in life uh gold"}, {"start": "00:03:58", "end": "00:04:05", "text": "and silver tend to go upwards and"}, {"start": "00:04:01", "end": "00:04:08", "text": "cryptocurrency has moved up one day has"}, {"start": "00:04:05", "end": "00:04:11", "text": "gone down the next has moved up the next"}, {"start": "00:04:08", "end": "00:04:13", "text": "day then has gone down the next based on"}, {"start": "00:04:11", "end": "00:04:16", "text": "general uncertainty."}, {"start": "00:04:13", "end": "00:04:19", "text": "If you didn't see the I don't even know"}, {"start": "00:04:16", "end": "00:04:22", "text": "if I should say the word news. Uh,"}, {"start": "00:04:19", "end": "00:04:26", "text": "everyone's kind of pointing fingers at"}, {"start": "00:04:22", "end": "00:04:28", "text": "this point. We were told you I we were"}, {"start": "00:04:26", "end": "00:04:31", "text": "told in January and the beginning of"}, {"start": "00:04:28", "end": "00:04:34", "text": "February that the cryptocurrency market"}, {"start": "00:04:31", "end": "00:04:36", "text": "by the end of 2026 would be something"}, {"start": "00:04:34", "end": "00:04:38", "text": "glorious to behold."}, {"start": "00:04:36", "end": "00:04:41", "text": "Prices would be skyhigh. Everyone would"}, {"start": "00:04:38", "end": "00:04:46", "text": "be richer. And now that we are in"}, {"start": "00:04:41", "end": "00:04:50", "text": "between Twix uh conflicts and uh the"}, {"start": "00:04:46", "end": "00:04:51", "text": "potential raising of interest rates,"}, {"start": "00:04:50", "end": "00:04:55", "text": "people are getting scared that asset"}, {"start": "00:04:51", "end": "00:04:58", "text": "prices might actually fall more in the"}, {"start": "00:04:55", "end": "00:05:00", "text": "short term instead of some kind of hyper"}, {"start": "00:04:58", "end": "00:05:04", "text": "reversal. There are still a number of"}, {"start": "00:05:00", "end": "00:05:07", "text": "calls by analysts. If you look online,"}, {"start": "00:05:04", "end": "00:05:12", "text": "yeah, we're around"}, {"start": "00:05:07", "end": "00:05:14", "text": "70, 75, 30, 25,"}, {"start": "00:05:12", "end": "00:05:16", "text": "it's an uneven split. There are many"}, {"start": "00:05:14", "end": "00:05:19", "text": "people who are who have turned"}, {"start": "00:05:16", "end": "00:05:22", "text": "pessimistic. It only took, you know, a"}, {"start": "00:05:19", "end": "00:05:24", "text": "movement of $10,000 downward to kind of"}, {"start": "00:05:22", "end": "00:05:26", "text": "get that. Uh there are a lot of people"}, {"start": "00:05:24", "end": "00:05:29", "text": "who think that we are going to see"}, {"start": "00:05:26", "end": "00:05:33", "text": "prices continue to lower that Bitcoin is"}, {"start": "00:05:29", "end": "00:05:36", "text": "not as low as it is going to be and"}, {"start": "00:05:33", "end": "00:05:40", "text": "there are 25% of people who think that"}, {"start": "00:05:36", "end": "00:05:43", "text": "60,000 was the bottom. We went to 59."}, {"start": "00:05:40", "end": "00:05:46", "text": "Therefore, a push up should be quite"}, {"start": "00:05:43", "end": "00:05:49", "text": "substantial to get us back over $80,000"}, {"start": "00:05:46", "end": "00:05:53", "text": "to revalidate"}, {"start": "00:05:49", "end": "00:05:55", "text": "a lack of a 4-year cycle and therefore"}, {"start": "00:05:53", "end": "00:06:00", "text": "uh prices"}, {"start": "00:05:55", "end": "00:06:00", "text": "prices go higher or so they say."}, {"start": "00:06:00", "end": "00:06:06", "text": "However, in uh very significant news,"}, {"start": "00:06:04", "end": "00:06:09", "text": "once again, everyone's pointing fingers."}, {"start": "00:06:06", "end": "00:06:12", "text": "This happens every single time just"}, {"start": "00:06:09", "end": "00:06:15", "text": "simply because of who the fudge knows."}, {"start": "00:06:12", "end": "00:06:18", "text": "Uh we had something I'm I'm certain we"}, {"start": "00:06:15", "end": "00:06:20", "text": "went over it here. I we must have. Uh"}, {"start": "00:06:18", "end": "00:06:22", "text": "there was a situation"}, {"start": "00:06:20", "end": "00:06:25", "text": "a couple of days ago where I put"}, {"start": "00:06:22", "end": "00:06:28", "text": "together the very gigantic puzzle"}, {"start": "00:06:25", "end": "00:06:31", "text": "pieces. There were only four of them. Uh"}, {"start": "00:06:28", "end": "00:06:33", "text": "and it seems there's like a lot of like"}, {"start": "00:06:31", "end": "00:06:35", "text": "pump and dump happening within the"}, {"start": "00:06:33", "end": "00:06:39", "text": "market right now. So people on Twitter"}, {"start": "00:06:35", "end": "00:06:41", "text": "and on crypto anywhere online are kind"}, {"start": "00:06:39", "end": "00:06:44", "text": "of getting a little upset as well. They"}, {"start": "00:06:41", "end": "00:06:47", "text": "should be simply because"}, {"start": "00:06:44", "end": "00:06:50", "text": "there are uh very wealthy I mean in"}, {"start": "00:06:47", "end": "00:06:53", "text": "incredibly wealthy and and billionaires"}, {"start": "00:06:50", "end": "00:06:56", "text": "in the crypto space right now who are"}, {"start": "00:06:53", "end": "00:07:00", "text": "telling everyone to buy Hyperlid, to buy"}, {"start": "00:06:56", "end": "00:07:02", "text": "Near Protocol, to buy um Zedcash was"}, {"start": "00:07:00", "end": "00:07:04", "text": "another one and I forgot the name of the"}, {"start": "00:07:02", "end": "00:07:06", "text": "other coin. And then when everyone buys"}, {"start": "00:07:04", "end": "00:07:08", "text": "it because that person tweets that they"}, {"start": "00:07:06", "end": "00:07:11", "text": "should be buying that thing, the person"}, {"start": "00:07:08", "end": "00:07:12", "text": "then who announced it uh then sells"}, {"start": "00:07:11", "end": "00:07:16", "text": "their entire position. And then they"}, {"start": "00:07:12", "end": "00:07:18", "text": "make they made another tweet announcing"}, {"start": "00:07:16", "end": "00:07:20", "text": "that everyone should be buying Worldcoin"}, {"start": "00:07:18", "end": "00:07:22", "text": "and everyone bought World Coin. And then"}, {"start": "00:07:20", "end": "00:07:25", "text": "I think 24 hours later they also sold"}, {"start": "00:07:22", "end": "00:07:27", "text": "off their position."}, {"start": "00:07:25", "end": "00:07:29", "text": "Yeah, there's a there's just a lot"}, {"start": "00:07:27", "end": "00:07:32", "text": "happening and we're not going to have"}, {"start": "00:07:29", "end": "00:07:34", "text": "another conversation about like brown"}, {"start": "00:07:32", "end": "00:07:36", "text": "nosing for for billionaires because I"}, {"start": "00:07:34", "end": "00:07:41", "text": "don't know why people do that so"}, {"start": "00:07:36", "end": "00:07:43", "text": "willingly. But um anyway, so heavily in"}, {"start": "00:07:41", "end": "00:07:46", "text": "the news today and we're probably going"}, {"start": "00:07:43", "end": "00:07:48", "text": "to get some kind of a reversal in the"}, {"start": "00:07:46", "end": "00:07:52", "text": "news as well just because this is how it"}, {"start": "00:07:48", "end": "00:07:56", "text": "has always played out. uh Micro Sailor"}, {"start": "00:07:52", "end": "00:07:58", "text": "and Micro Strategy are really at the"}, {"start": "00:07:56", "end": "00:08:01", "text": "focal point of a lot of this discussion."}, {"start": "00:07:58", "end": "00:08:06", "text": "They are the largest corporate holder of"}, {"start": "00:08:01", "end": "00:08:08", "text": "Bitcoin in this galaxy. And um as they"}, {"start": "00:08:06", "end": "00:08:10", "text": "told people, I told you this was going"}, {"start": "00:08:08", "end": "00:08:11", "text": "to happen. as they told people two years"}, {"start": "00:08:10", "end": "00:08:15", "text": "ago that they were only going to buy"}, {"start": "00:08:11", "end": "00:08:17", "text": "Bitcoin and never sell Bitcoin. Them"}, {"start": "00:08:15", "end": "00:08:20", "text": "announcing that they sold Bitcoin has"}, {"start": "00:08:17", "end": "00:08:22", "text": "made it has caused a gigantic crack in"}, {"start": "00:08:20", "end": "00:08:25", "text": "the in the structure and I mean not a"}, {"start": "00:08:22", "end": "00:08:27", "text": "tiny little you know it it is a massive"}, {"start": "00:08:25", "end": "00:08:30", "text": "fissure"}, {"start": "00:08:27", "end": "00:08:33", "text": "simply because uh it is now impossible"}, {"start": "00:08:30", "end": "00:08:35", "text": "to be able to trust them after they went"}, {"start": "00:08:33", "end": "00:08:39", "text": "back on their word."}, {"start": "00:08:35", "end": "00:08:42", "text": "So on top of that, um, Micro Strategy is"}, {"start": "00:08:39", "end": "00:08:45", "text": "in an incredible amount of debt. If you"}, {"start": "00:08:42", "end": "00:08:48", "text": "weren't here the last 18 months, Micro"}, {"start": "00:08:45", "end": "00:08:50", "text": "Strategy's strategy is basically to put"}, {"start": "00:08:48", "end": "00:08:53", "text": "as much debt onto the company as"}, {"start": "00:08:50", "end": "00:08:55", "text": "possible using that money that they"}, {"start": "00:08:53", "end": "00:08:59", "text": "acquire through the debt purchase to"}, {"start": "00:08:55", "end": "00:09:02", "text": "actually then buy up Bitcoin. And there"}, {"start": "00:08:59", "end": "00:09:04", "text": "are many companies who are like if"}, {"start": "00:09:02", "end": "00:09:09", "text": "Bitcoin's price doesn't go up and I mean"}, {"start": "00:09:04", "end": "00:09:09", "text": "like to $180,000."}, {"start": "00:09:09", "end": "00:09:14", "text": "Micro Strategy's stock is going to"}, {"start": "00:09:11", "end": "00:09:17", "text": "struggle. The money that they get from"}, {"start": "00:09:14", "end": "00:09:21", "text": "their stock as and and other investments"}, {"start": "00:09:17", "end": "00:09:23", "text": "as well fuels their dividend and fuels"}, {"start": "00:09:21", "end": "00:09:25", "text": "their Bitcoin purchases. If that money"}, {"start": "00:09:23", "end": "00:09:27", "text": "is not coming in, they won't be able to"}, {"start": "00:09:25", "end": "00:09:28", "text": "buy more Bitcoin. If they can't buy more"}, {"start": "00:09:27", "end": "00:09:32", "text": "Bitcoin, they're probably going to sell"}, {"start": "00:09:28", "end": "00:09:35", "text": "more Bitcoin. They have 840,000"}, {"start": "00:09:32", "end": "00:09:37", "text": "Bitcoin. If they continue to sell, other"}, {"start": "00:09:35", "end": "00:09:39", "text": "corporate treasuries are expected to"}, {"start": "00:09:37", "end": "00:09:41", "text": "sell as well. Bitcoin's price goes down."}, {"start": "00:09:39", "end": "00:09:43", "text": "We're back exactly where we were 2 years"}, {"start": "00:09:41", "end": "00:09:46", "text": "ago. It's almost like one company"}, {"start": "00:09:43", "end": "00:09:48", "text": "shouldn't have so much Bitcoin. And and"}, {"start": "00:09:46", "end": "00:09:50", "text": "people in the comment section like"}, {"start": "00:09:48", "end": "00:09:53", "text": "really go get a life. I I mean, and I"}, {"start": "00:09:50", "end": "00:09:54", "text": "mean that sincerely. I don't understand"}, {"start": "00:09:53", "end": "00:09:56", "text": "why there's such like a huge amount of"}, {"start": "00:09:54", "end": "00:09:58", "text": "dedication. You don't own Micro"}, {"start": "00:09:56", "end": "00:10:00", "text": "Strategy. You're not Michael Sailor."}, {"start": "00:09:58", "end": "00:10:03", "text": "You're not the CEO. You're not one of"}, {"start": "00:10:00", "end": "00:10:04", "text": "their employees. There there's such a"}, {"start": "00:10:03", "end": "00:10:07", "text": "huge"}, {"start": "00:10:04", "end": "00:10:11", "text": "disconnect between everyday normal"}, {"start": "00:10:07", "end": "00:10:12", "text": "people who I mean they run after these"}, {"start": "00:10:11", "end": "00:10:14", "text": "companies and they think that they're"}, {"start": "00:10:12", "end": "00:10:17", "text": "amazing and awesome. If you think that"}, {"start": "00:10:14", "end": "00:10:20", "text": "micro strategy owning that much Bitcoin"}, {"start": "00:10:17", "end": "00:10:23", "text": "is good for the ecosystem, you probably"}, {"start": "00:10:20", "end": "00:10:25", "text": "shouldn't be in the ecosystem."}, {"start": "00:10:23", "end": "00:10:28", "text": "That's that's that's complete complete"}, {"start": "00:10:25", "end": "00:10:31", "text": "and honest truth. So everyone constantly"}, {"start": "00:10:28", "end": "00:10:33", "text": "defending the fact that these people own"}, {"start": "00:10:31", "end": "00:10:36", "text": "all the assets on the planet and have"}, {"start": "00:10:33", "end": "00:10:39", "text": "all of these resources and how like you"}, {"start": "00:10:36", "end": "00:10:42", "text": "you're not understanding why Bitcoin was"}, {"start": "00:10:39", "end": "00:10:46", "text": "created, why we have crypto. I I see the"}, {"start": "00:10:42", "end": "00:10:48", "text": "comments. I I see you uh in your in your"}, {"start": "00:10:46", "end": "00:10:50", "text": "discontent. Uh you're you're upset with"}, {"start": "00:10:48", "end": "00:10:52", "text": "the wrong person. You're upset with the"}, {"start": "00:10:50", "end": "00:10:56", "text": "people who are literally taking all"}, {"start": "00:10:52", "end": "00:10:58", "text": "800,000 Bitcoin for themselves."}, {"start": "00:10:56", "end": "00:11:01", "text": "So, Grayscale is in the news. We've had"}, {"start": "00:10:58", "end": "00:11:04", "text": "something from JP Morgan. There was"}, {"start": "00:11:01", "end": "00:11:07", "text": "something from Fidelity. Gayscale is now"}, {"start": "00:11:04", "end": "00:11:10", "text": "in the news basically talking about like"}, {"start": "00:11:07", "end": "00:11:12", "text": "Micro Strategy Strategy"}, {"start": "00:11:10", "end": "00:11:16", "text": "isn't looking too hot. It says,"}, {"start": "00:11:12", "end": "00:11:18", "text": "\"Gayscale is flagging rising risks to"}, {"start": "00:11:16", "end": "00:11:21", "text": "Micro Strategies Bitcoin accumulation"}, {"start": "00:11:18", "end": "00:11:25", "text": "machine. This would have been completely"}, {"start": "00:11:21", "end": "00:11:27", "text": "fine, if you will, if if Bitcoin's price"}, {"start": "00:11:25", "end": "00:11:31", "text": "had continued to move up like all these"}, {"start": "00:11:27", "end": "00:11:32", "text": "people told us since February. But the"}, {"start": "00:11:31", "end": "00:11:34", "text": "prolonged"}, {"start": "00:11:32", "end": "00:11:37", "text": "situation and conflicts that are"}, {"start": "00:11:34", "end": "00:11:39", "text": "needless that we keep having around the"}, {"start": "00:11:37", "end": "00:11:41", "text": "world are dampening finance and they're"}, {"start": "00:11:39", "end": "00:11:43", "text": "also making inflation worse which is"}, {"start": "00:11:41", "end": "00:11:46", "text": "also then causing the Fed to have to"}, {"start": "00:11:43", "end": "00:11:49", "text": "consider raising interest rates which is"}, {"start": "00:11:46", "end": "00:11:52", "text": "causing asset prices to fall down."}, {"start": "00:11:49", "end": "00:11:54", "text": "They're all interlin"}, {"start": "00:11:52", "end": "00:11:58", "text": "and and things aren't looking too hot."}, {"start": "00:11:54", "end": "00:12:00", "text": "They said and I quote, \"Further, we"}, {"start": "00:11:58", "end": "00:12:04", "text": "think that strategy, which historically"}, {"start": "00:12:00", "end": "00:12:07", "text": "has been a net buyer of BTC, will have a"}, {"start": "00:12:04", "end": "00:12:10", "text": "limited ability to accumulate more"}, {"start": "00:12:07", "end": "00:12:13", "text": "tokens at current share prices for both"}, {"start": "00:12:10", "end": "00:12:15", "text": "their strategy stock and their master"}, {"start": "00:12:13", "end": "00:12:19", "text": "stock. They have two of them. Only"}, {"start": "00:12:15", "end": "00:12:22", "text": "heaven knows why.\" The scale the sale"}, {"start": "00:12:19", "end": "00:12:25", "text": "disclosed last week marks Strategy's"}, {"start": "00:12:22", "end": "00:12:28", "text": "first Bitcoin disposal since 2022,"}, {"start": "00:12:25", "end": "00:12:32", "text": "turning a small transaction into a major"}, {"start": "00:12:28", "end": "00:12:34", "text": "market signal. Strategies dashboard"}, {"start": "00:12:32", "end": "00:12:38", "text": "showed their stock down 6.9%."}, {"start": "00:12:34", "end": "00:12:42", "text": "This is when Bitcoin was around $63,000"}, {"start": "00:12:38", "end": "00:12:42", "text": "and the company held $843,76"}, {"start": "00:12:44", "end": "00:12:49", "text": "Bitcoin. While Strategy's first Bitcoin"}, {"start": "00:12:47", "end": "00:12:51", "text": "sale attracted significant attention,"}, {"start": "00:12:49", "end": "00:12:53", "text": "the Grayscale head of research argued"}, {"start": "00:12:51", "end": "00:12:56", "text": "that the market impact of the company's"}, {"start": "00:12:53", "end": "00:12:58", "text": "financing vehicles may be the bigger"}, {"start": "00:12:56", "end": "00:13:01", "text": "concern."}, {"start": "00:12:58", "end": "00:13:03", "text": "They said even more important, we think,"}, {"start": "00:13:01", "end": "00:13:06", "text": "is the impact of the recent volatility"}, {"start": "00:13:03", "end": "00:13:10", "text": "on the price of Stretch. That is a"}, {"start": "00:13:06", "end": "00:13:13", "text": "terrible name. STRC strategies variable"}, {"start": "00:13:10", "end": "00:13:14", "text": "rate preferred equity instrument. At"}, {"start": "00:13:13", "end": "00:13:16", "text": "current share prices, we think the"}, {"start": "00:13:14", "end": "00:13:19", "text": "company's ability to accumulate more"}, {"start": "00:13:16", "end": "00:13:24", "text": "Bitcoin is limited."}, {"start": "00:13:19", "end": "00:13:26", "text": "So, uh, everyone is concerned about"}, {"start": "00:13:24", "end": "00:13:30", "text": "Micro Strategies"}, {"start": "00:13:26", "end": "00:13:32", "text": "strategy just because, um, they it's not"}, {"start": "00:13:30", "end": "00:13:35", "text": "even overleveraged. They're they're"}, {"start": "00:13:32", "end": "00:13:37", "text": "about like 40 50 60 billion as far as we"}, {"start": "00:13:35", "end": "00:13:42", "text": "the public understand."}, {"start": "00:13:37", "end": "00:13:44", "text": "40, 50, 60 billion dollar in debt to buy"}, {"start": "00:13:42", "end": "00:13:46", "text": "Bitcoin. This could have also"}, {"start": "00:13:44", "end": "00:13:52", "text": "potentially been mitigated in some sort"}, {"start": "00:13:46", "end": "00:13:55", "text": "of way if uh they were probably staking"}, {"start": "00:13:52", "end": "00:13:57", "text": "their Bitcoin through uh through Babylon"}, {"start": "00:13:55", "end": "00:13:59", "text": "or some other protocol and maybe that"}, {"start": "00:13:57", "end": "00:14:02", "text": "money can then you know fuel more"}, {"start": "00:13:59", "end": "00:14:04", "text": "Bitcoin buying. But as it stands right"}, {"start": "00:14:02", "end": "00:14:07", "text": "now"}, {"start": "00:14:04", "end": "00:14:09", "text": "there are huge amounts of discussions"}, {"start": "00:14:07", "end": "00:14:12", "text": "happening within the cryptocurrency"}, {"start": "00:14:09", "end": "00:14:15", "text": "space as to basically what's going to"}, {"start": "00:14:12", "end": "00:14:19", "text": "come next. Um, as I said before, either"}, {"start": "00:14:15", "end": "00:14:22", "text": "way, it is going to be quite dramatic."}, {"start": "00:14:19", "end": "00:14:25", "text": "We we move ever closer every 24 hours to"}, {"start": "00:14:22", "end": "00:14:26", "text": "seeing what the Fed is going to do. It's"}, {"start": "00:14:25", "end": "00:14:29", "text": "kind of one of those situations that we"}, {"start": "00:14:26", "end": "00:14:33", "text": "used to have. We used to have years ago"}, {"start": "00:14:29", "end": "00:14:35", "text": "in crypto where uh we had this kind of"}, {"start": "00:14:33", "end": "00:14:37", "text": "like pulling back and forth where people"}, {"start": "00:14:35", "end": "00:14:39", "text": "were saying crypto is going to go down,"}, {"start": "00:14:37", "end": "00:14:41", "text": "crypto is going to go up. And at this"}, {"start": "00:14:39", "end": "00:14:43", "text": "point, the market just simply needs to"}, {"start": "00:14:41", "end": "00:14:47", "text": "move in a direction so that investors"}, {"start": "00:14:43", "end": "00:14:50", "text": "can kind of reshape how they're going to"}, {"start": "00:14:47", "end": "00:14:54", "text": "move forward. If Bitcoin does tumble"}, {"start": "00:14:50", "end": "00:14:56", "text": "along with gold, along with stocks and"}, {"start": "00:14:54", "end": "00:14:58", "text": "other equities, uh then this would give"}, {"start": "00:14:56", "end": "00:15:00", "text": "the investor mind like a huge weight"}, {"start": "00:14:58", "end": "00:15:02", "text": "would leave our shoulders and we would"}, {"start": "00:15:00", "end": "00:15:04", "text": "know okay we have more time to"}, {"start": "00:15:02", "end": "00:15:09", "text": "accumulate prices are going down"}, {"start": "00:15:04", "end": "00:15:11", "text": "fouryear cycle etc. Uh the other side is"}, {"start": "00:15:09", "end": "00:15:13", "text": "that if we hear and see that prices"}, {"start": "00:15:11", "end": "00:15:16", "text": "begin to skyrocket not just within"}, {"start": "00:15:13", "end": "00:15:18", "text": "crypto but also within other assets this"}, {"start": "00:15:16", "end": "00:15:21", "text": "would also cause investors to be able to"}, {"start": "00:15:18", "end": "00:15:25", "text": "react as well. This this indecisive"}, {"start": "00:15:21", "end": "00:15:28", "text": "slowm moving up and down trending"}, {"start": "00:15:25", "end": "00:15:30", "text": "sideways thing. it it's causing a lot of"}, {"start": "00:15:28", "end": "00:15:32", "text": "anxiety for a number of investors and"}, {"start": "00:15:30", "end": "00:15:36", "text": "this is why you're also seeing huge"}, {"start": "00:15:32", "end": "00:15:38", "text": "amounts of um volatility as well if you"}, {"start": "00:15:36", "end": "00:15:40", "text": "didn't know. Everyone's looking and"}, {"start": "00:15:38", "end": "00:15:41", "text": "moving their money to the best place"}, {"start": "00:15:40", "end": "00:15:43", "text": "where they think they can get the next"}, {"start": "00:15:41", "end": "00:15:47", "text": "return"}, {"start": "00:15:43", "end": "00:15:50", "text": "and yeah so that's the this is well"}, {"start": "00:15:47", "end": "00:15:52", "text": "spoken about and everyone's everyone's"}, {"start": "00:15:50", "end": "00:15:54", "text": "kind of"}, {"start": "00:15:52", "end": "00:15:55", "text": "kind of pointing a finger at Micro"}, {"start": "00:15:54", "end": "00:15:58", "text": "Strategy. I don't think they're"}, {"start": "00:15:55", "end": "00:16:00", "text": "completely to blame,"}, {"start": "00:15:58", "end": "00:16:03", "text": "but understand that there were probably"}, {"start": "00:16:00", "end": "00:16:06", "text": "significant billions of dollars resting"}, {"start": "00:16:03", "end": "00:16:08", "text": "on their shoulders figuratively. So when"}, {"start": "00:16:06", "end": "00:16:10", "text": "they sold it spooked the market, other"}, {"start": "00:16:08", "end": "00:16:14", "text": "people ended up selling. It becomes this"}, {"start": "00:16:10", "end": "00:16:17", "text": "a self-fulfilling prophecy. Here we are."}, {"start": "00:16:14", "end": "00:16:19", "text": "That's the grayscale and micro strategy"}, {"start": "00:16:17", "end": "00:16:21", "text": "news."}, {"start": "00:16:19", "end": "00:16:24", "text": "And yeah,"}, {"start": "00:16:21", "end": "00:16:26", "text": "let's move on."}, {"start": "00:16:24", "end": "00:16:29", "text": "Despite"}, {"start": "00:16:26", "end": "00:16:32", "text": "any potential negativity that the market"}, {"start": "00:16:29", "end": "00:16:35", "text": "might have, life goes on and other"}, {"start": "00:16:32", "end": "00:16:37", "text": "things are beginning to uh take place"}, {"start": "00:16:35", "end": "00:16:41", "text": "and take shape. Uh we've had a lot of"}, {"start": "00:16:37", "end": "00:16:43", "text": "altcoin news as of late. Not all of it"}, {"start": "00:16:41", "end": "00:16:46", "text": "amazing, but we've had a a good a good"}, {"start": "00:16:43", "end": "00:16:49", "text": "chunk of altcoin news"}, {"start": "00:16:46", "end": "00:16:52", "text": "revolving recently around Cardano. We"}, {"start": "00:16:49", "end": "00:16:53", "text": "had Stellar Lumens for one day. I told"}, {"start": "00:16:52", "end": "00:16:57", "text": "you that was going to disappear from the"}, {"start": "00:16:53", "end": "00:16:58", "text": "news. Uh Zcash, Near Protocol,"}, {"start": "00:16:57", "end": "00:17:01", "text": "hype token, there's been a significant"}, {"start": "00:16:58", "end": "00:17:06", "text": "amount of XRP news and every now and"}, {"start": "00:17:01", "end": "00:17:07", "text": "again we get some kind of altcoin"}, {"start": "00:17:06", "end": "00:17:11", "text": "adoptionesque"}, {"start": "00:17:07", "end": "00:17:14", "text": "news flowing in our direction. And it"}, {"start": "00:17:11", "end": "00:17:16", "text": "revolves around the idea of like which"}, {"start": "00:17:14", "end": "00:17:19", "text": "coins are beginning to see more"}, {"start": "00:17:16", "end": "00:17:22", "text": "institutional adoption because behind"}, {"start": "00:17:19", "end": "00:17:24", "text": "the scenes someone said I want to put a"}, {"start": "00:17:22", "end": "00:17:26", "text": "huge chunk of money into that coin in"}, {"start": "00:17:24", "end": "00:17:31", "text": "the ETF space and the company basically"}, {"start": "00:17:26", "end": "00:17:34", "text": "goes say less. So uh what we have now is"}, {"start": "00:17:31", "end": "00:17:35", "text": "and I told you this before Binance coin"}, {"start": "00:17:34", "end": "00:17:38", "text": "is"}, {"start": "00:17:35", "end": "00:17:41", "text": "uh an institutional favorite. Uh this is"}, {"start": "00:17:38", "end": "00:17:43", "text": "not something that retail investors are"}, {"start": "00:17:41", "end": "00:17:45", "text": "into, but Binance as a company and"}, {"start": "00:17:43", "end": "00:17:49", "text": "Binancecoin"}, {"start": "00:17:45", "end": "00:17:53", "text": "are seen as like AAA tier. Bitcoin being"}, {"start": "00:17:49", "end": "00:17:56", "text": "S tier, Ethereum being S minus, I don't"}, {"start": "00:17:53", "end": "00:17:59", "text": "know, but Binance coin is seen as as a"}, {"start": "00:17:56", "end": "00:18:02", "text": "AAA amongst uh institutions. So"}, {"start": "00:17:59", "end": "00:18:03", "text": "logically, this made uh very popular"}, {"start": "00:18:02", "end": "00:18:05", "text": "news. These articles are written"}, {"start": "00:18:03", "end": "00:18:07", "text": "absolutely terribly and they're like"}, {"start": "00:18:05", "end": "00:18:10", "text": "omitting information inside the actual"}, {"start": "00:18:07", "end": "00:18:14", "text": "thing. So basically the part that"}, {"start": "00:18:10", "end": "00:18:17", "text": "they're missing is literally that Van"}, {"start": "00:18:14", "end": "00:18:19", "text": "the company Van is looking to launch a a"}, {"start": "00:18:17", "end": "00:18:22", "text": "spot"}, {"start": "00:18:19", "end": "00:18:25", "text": "uh Binance coin ETF. I don't know why"}, {"start": "00:18:22", "end": "00:18:29", "text": "they would omit that but here we are. It"}, {"start": "00:18:25", "end": "00:18:32", "text": "said, \"Former Binance CEO Chongpang Sao"}, {"start": "00:18:29", "end": "00:18:34", "text": "reacted to the launch on Twitter,"}, {"start": "00:18:32", "end": "00:18:38", "text": "calling it, and I quote, \"the first"}, {"start": "00:18:34", "end": "00:18:41", "text": "Binance coin BNB spot ETP exchange"}, {"start": "00:18:38", "end": "00:18:43", "text": "traded product slowly"}, {"start": "00:18:41", "end": "00:18:46", "text": "but surely. The filing showed that"}, {"start": "00:18:43", "end": "00:18:49", "text": "Anchorage Digital Bank will custody the"}, {"start": "00:18:46", "end": "00:18:51", "text": "funds Binance coin holdings. Staking"}, {"start": "00:18:49", "end": "00:18:53", "text": "linked crypto investment products have"}, {"start": "00:18:51", "end": "00:18:57", "text": "become an increasingly important theme"}, {"start": "00:18:53", "end": "00:19:00", "text": "among the ETF market as issuers look to"}, {"start": "00:18:57", "end": "00:19:02", "text": "offer yield generating exposure to proof"}, {"start": "00:19:00", "end": "00:19:05", "text": "ofstake networks. The prospectus"}, {"start": "00:19:02", "end": "00:19:09", "text": "described BNB as the native token of"}, {"start": "00:19:05", "end": "00:19:12", "text": "Binance chain and noted its role across"}, {"start": "00:19:09", "end": "00:19:15", "text": "transaction fees, staking, governance"}, {"start": "00:19:12", "end": "00:19:18", "text": "and ecosystem applications. Uh the"}, {"start": "00:19:15", "end": "00:19:20", "text": "filing also acknowledged several risks"}, {"start": "00:19:18", "end": "00:19:22", "text": "tied to Binancecoin and the broader"}, {"start": "00:19:20", "end": "00:19:24", "text": "Binance ecosystem. According to their"}, {"start": "00:19:22", "end": "00:19:27", "text": "perspectives, BNB's value remains"}, {"start": "00:19:24", "end": "00:19:31", "text": "closely linked to the public perception"}, {"start": "00:19:27", "end": "00:19:32", "text": "of Binance and Binance chain. Regulatory"}, {"start": "00:19:31", "end": "00:19:35", "text": "actions involving Binance could"}, {"start": "00:19:32", "end": "00:19:39", "text": "negatively affect the token's price and"}, {"start": "00:19:35", "end": "00:19:42", "text": "market activity. Yeah, well that's how"}, {"start": "00:19:39", "end": "00:19:45", "text": "investing works. So anyway, um yeah,"}, {"start": "00:19:42", "end": "00:19:48", "text": "this was actually quite popular news as"}, {"start": "00:19:45", "end": "00:19:52", "text": "well. Um, Binancecoin, like I said, is"}, {"start": "00:19:48", "end": "00:19:54", "text": "very very very popular amongst"}, {"start": "00:19:52", "end": "00:19:57", "text": "institutions. It has to do with its"}, {"start": "00:19:54", "end": "00:20:00", "text": "original inherent"}, {"start": "00:19:57", "end": "00:20:03", "text": "uh coin burn and staking. People love to"}, {"start": "00:20:00", "end": "00:20:06", "text": "make money passively. Binance is the"}, {"start": "00:20:03", "end": "00:20:08", "text": "largest crypto exchange, I believe, by"}, {"start": "00:20:06", "end": "00:20:11", "text": "volume and by people. I forgot what"}, {"start": "00:20:08", "end": "00:20:13", "text": "ranking Coinbase is cuz Coinbase is"}, {"start": "00:20:11", "end": "00:20:15", "text": "number one and number two as well. Oh"}, {"start": "00:20:13", "end": "00:20:17", "text": "no, I think Coinbase is number one"}, {"start": "00:20:15", "end": "00:20:19", "text": "within the states, but I think around"}, {"start": "00:20:17", "end": "00:20:22", "text": "the world it is number two just behind"}, {"start": "00:20:19", "end": "00:20:24", "text": "Binance. And Binance had issues within"}, {"start": "00:20:22", "end": "00:20:26", "text": "the United States a year or two ago,"}, {"start": "00:20:24", "end": "00:20:30", "text": "which caused Chongpang TTA to get locked"}, {"start": "00:20:26", "end": "00:20:32", "text": "up. I still believe that was a huge"}, {"start": "00:20:30", "end": "00:20:36", "text": "uh form of corruption taking place, but"}, {"start": "00:20:32", "end": "00:20:38", "text": "that's just my opinion. And yeah, so"}, {"start": "00:20:36", "end": "00:20:41", "text": "this coin will continue to grow, but"}, {"start": "00:20:38", "end": "00:20:43", "text": "it's mainly held by institutions. We"}, {"start": "00:20:41", "end": "00:20:46", "text": "used to get what was what was very"}, {"start": "00:20:43", "end": "00:20:48", "text": "popular years ago was Binance Coin Burn"}, {"start": "00:20:46", "end": "00:20:51", "text": "News that used to I mean like it was"}, {"start": "00:20:48", "end": "00:20:53", "text": "almost like every couple of weeks"}, {"start": "00:20:51", "end": "00:20:57", "text": "Binancecoin"}, {"start": "00:20:53", "end": "00:21:00", "text": "uh I believe originally had 200 million"}, {"start": "00:20:57", "end": "00:21:02", "text": "coins. I think that was the number and"}, {"start": "00:21:00", "end": "00:21:06", "text": "they're trying to whittle down as"}, {"start": "00:21:02", "end": "00:21:08", "text": "quickly as possible to 100 million coins"}, {"start": "00:21:06", "end": "00:21:10", "text": "and then basically that's all that's"}, {"start": "00:21:08", "end": "00:21:12", "text": "going to be left and institutions love"}, {"start": "00:21:10", "end": "00:21:15", "text": "it. They they they think it's literally"}, {"start": "00:21:12", "end": "00:21:20", "text": "the bee's knees. So, uh that's the"}, {"start": "00:21:15", "end": "00:21:23", "text": "Binance uh ETF from Van Ec news. There"}, {"start": "00:21:20", "end": "00:21:26", "text": "are still"}, {"start": "00:21:23", "end": "00:21:29", "text": "still rumors and wishing and hoping and"}, {"start": "00:21:26", "end": "00:21:33", "text": "praying from a lot of people for another"}, {"start": "00:21:29", "end": "00:21:37", "text": "XRP ETF. I keep seeing that everywhere."}, {"start": "00:21:33", "end": "00:21:40", "text": "I'm seeing a lot of people um announcing"}, {"start": "00:21:37", "end": "00:21:43", "text": "that they want like uh more meme coin"}, {"start": "00:21:40", "end": "00:21:46", "text": "ETFs. I don't think you understand how"}, {"start": "00:21:43", "end": "00:21:49", "text": "ETFs work. Uh the long and short of it"}, {"start": "00:21:46", "end": "00:21:50", "text": "is the only reason they get launched is"}, {"start": "00:21:49", "end": "00:21:54", "text": "because there's institutional money"}, {"start": "00:21:50", "end": "00:21:57", "text": "behind them. Just because you like a"}, {"start": "00:21:54", "end": "00:22:00", "text": "coin and you want to put $15 into that"}, {"start": "00:21:57", "end": "00:22:01", "text": "ETF, that's not No, no, no, no. The"}, {"start": "00:22:00", "end": "00:22:02", "text": "reason why these things get launched is"}, {"start": "00:22:01", "end": "00:22:04", "text": "because behind the scenes, there are"}, {"start": "00:22:02", "end": "00:22:06", "text": "companies and corporations who are"}, {"start": "00:22:04", "end": "00:22:09", "text": "telling them, \"We have 14 billion that"}, {"start": "00:22:06", "end": "00:22:11", "text": "we'd like to put into this fund over the"}, {"start": "00:22:09", "end": "00:22:12", "text": "course of a one-year period. Can you"}, {"start": "00:22:11", "end": "00:22:14", "text": "help us?\" and they go to other companies"}, {"start": "00:22:12", "end": "00:22:15", "text": "and institutions and they go, \"Okay,"}, {"start": "00:22:14", "end": "00:22:18", "text": "cool. There's a huge amount of money to"}, {"start": "00:22:15", "end": "00:22:20", "text": "be made from launching the ETF from the"}, {"start": "00:22:18", "end": "00:22:21", "text": "fees that we can make as a company."}, {"start": "00:22:20", "end": "00:22:23", "text": "Let's launch these things.\" These things"}, {"start": "00:22:21", "end": "00:22:26", "text": "are not launched for retail. They're not"}, {"start": "00:22:23", "end": "00:22:28", "text": "launched for retail. So, I keep seeing a"}, {"start": "00:22:26", "end": "00:22:30", "text": "lot of people being like, \"If this coin"}, {"start": "00:22:28", "end": "00:22:33", "text": "just had an ETF, no, cuz the cuz the"}, {"start": "00:22:30", "end": "00:22:36", "text": "trading volume would be maybe $35,000"}, {"start": "00:22:33", "end": "00:22:39", "text": "per day. There needs to be huge money"}, {"start": "00:22:36", "end": "00:22:41", "text": "behind it before a company like Van E or"}, {"start": "00:22:39", "end": "00:22:45", "text": "Black Rockck or Fidelity or Morgan"}, {"start": "00:22:41", "end": "00:22:47", "text": "Stanley or JP Morgan even thinks about"}, {"start": "00:22:45", "end": "00:22:50", "text": "even thinks"}, {"start": "00:22:47", "end": "00:22:54", "text": "about actually launching it. That's the"}, {"start": "00:22:50", "end": "00:22:56", "text": "Binance coin news."}, {"start": "00:22:54", "end": "00:23:01", "text": "And yeah,"}, {"start": "00:22:56", "end": "00:23:05", "text": "let's move on. And once again, I I it's"}, {"start": "00:23:01", "end": "00:23:07", "text": "this is such an oddly resilient space. I"}, {"start": "00:23:05", "end": "00:23:10", "text": "I I I think we've all, if you've been"}, {"start": "00:23:07", "end": "00:23:12", "text": "here for a while, I think we've kind of"}, {"start": "00:23:10", "end": "00:23:14", "text": "gotten used to the idea. This why this"}, {"start": "00:23:12", "end": "00:23:16", "text": "is why sometimes you'll hear me say like"}, {"start": "00:23:14", "end": "00:23:18", "text": "if prices go lower, it's really not a"}, {"start": "00:23:16", "end": "00:23:20", "text": "big deal."}, {"start": "00:23:18", "end": "00:23:22", "text": "This spooks"}, {"start": "00:23:20", "end": "00:23:26", "text": "anyone"}, {"start": "00:23:22", "end": "00:23:27", "text": "who has not been here before, but if"}, {"start": "00:23:26", "end": "00:23:30", "text": "you've been in the crypto market for a"}, {"start": "00:23:27", "end": "00:23:33", "text": "while, we've come to know that"}, {"start": "00:23:30", "end": "00:23:35", "text": "downtrends in price don't last forever."}, {"start": "00:23:33", "end": "00:23:37", "text": "It's usually institutions forcing the"}, {"start": "00:23:35", "end": "00:23:39", "text": "price down and then at some point they"}, {"start": "00:23:37", "end": "00:23:41", "text": "see prices are low enough for they want"}, {"start": "00:23:39", "end": "00:23:44", "text": "to reaccumulate. They end up buying tons"}, {"start": "00:23:41", "end": "00:23:45", "text": "of coins. The price goes back up. The"}, {"start": "00:23:44", "end": "00:23:48", "text": "people who left the market, they jump"}, {"start": "00:23:45", "end": "00:23:50", "text": "back in. everyone. This is is just kind"}, {"start": "00:23:48", "end": "00:23:54", "text": "of how it is. So, as far as the"}, {"start": "00:23:50", "end": "00:23:57", "text": "resilience despite any,"}, {"start": "00:23:54", "end": "00:23:59", "text": "and I use the word negative news that"}, {"start": "00:23:57", "end": "00:24:02", "text": "might happen within our space about"}, {"start": "00:23:59", "end": "00:24:04", "text": "prices going down to people who've been"}, {"start": "00:24:02", "end": "00:24:06", "text": "in the market for a while, this isn't"}, {"start": "00:24:04", "end": "00:24:09", "text": "negative. This is just another buying"}, {"start": "00:24:06", "end": "00:24:13", "text": "opportunity. And even if we do have"}, {"start": "00:24:09", "end": "00:24:15", "text": "negative news, uh there's also tons of"}, {"start": "00:24:13", "end": "00:24:16", "text": "companies and banks who are like, \"Yeah,"}, {"start": "00:24:15", "end": "00:24:19", "text": "we really don't care.\" Like, \"This is"}, {"start": "00:24:16", "end": "00:24:24", "text": "just another entry point uh for us.\""}, {"start": "00:24:19", "end": "00:24:28", "text": "Anyway, so in popular news,"}, {"start": "00:24:24", "end": "00:24:31", "text": "uh the Bank of Italy has cleared a bank"}, {"start": "00:24:28", "end": "00:24:35", "text": "called Cella. It's called Bankasella for"}, {"start": "00:24:31", "end": "00:24:38", "text": "crypto services in 2026."}, {"start": "00:24:35", "end": "00:24:41", "text": "As I stated before, the really weird"}, {"start": "00:24:38", "end": "00:24:42", "text": "part about all of this has been both"}, {"start": "00:24:41", "end": "00:24:46", "text": "sides."}, {"start": "00:24:42", "end": "00:24:48", "text": "When the crypto market goes down, we get"}, {"start": "00:24:46", "end": "00:24:50", "text": "news that banks and companies and"}, {"start": "00:24:48", "end": "00:24:53", "text": "institutions are looking to get into the"}, {"start": "00:24:50", "end": "00:24:56", "text": "cryptocurrency space."}, {"start": "00:24:53", "end": "00:24:58", "text": "Period. When prices go up, we get news"}, {"start": "00:24:56", "end": "00:24:59", "text": "that banks and companies and"}, {"start": "00:24:58", "end": "00:25:03", "text": "institutions are looking to get into the"}, {"start": "00:24:59", "end": "00:25:06", "text": "cryptocurrency space. Period. You"}, {"start": "00:25:03", "end": "00:25:10", "text": "normally as a bank, an institution, a"}, {"start": "00:25:06", "end": "00:25:12", "text": "fund, a government, anything, you"}, {"start": "00:25:10", "end": "00:25:15", "text": "typically"}, {"start": "00:25:12", "end": "00:25:18", "text": "would not get into an asset class that"}, {"start": "00:25:15", "end": "00:25:20", "text": "you were expecting to move much lower in"}, {"start": "00:25:18", "end": "00:25:22", "text": "price."}, {"start": "00:25:20", "end": "00:25:24", "text": "Everyone with me? It wouldn't make"}, {"start": "00:25:22", "end": "00:25:26", "text": "sense. We had some last week, we also"}, {"start": "00:25:24", "end": "00:25:28", "text": "had a lot of like banking news. I don't"}, {"start": "00:25:26", "end": "00:25:30", "text": "know why, but a couple of banks around"}, {"start": "00:25:28", "end": "00:25:33", "text": "the world announced their support for"}, {"start": "00:25:30", "end": "00:25:36", "text": "crypto. And by the end of this year they"}, {"start": "00:25:33", "end": "00:25:37", "text": "will be offering it to their clients and"}, {"start": "00:25:36", "end": "00:25:39", "text": "they plan on launching this and then"}, {"start": "00:25:37", "end": "00:25:41", "text": "they have this fund and many of them"}, {"start": "00:25:39", "end": "00:25:43", "text": "also want to offer uh like crypto"}, {"start": "00:25:41", "end": "00:25:46", "text": "trading desks."}, {"start": "00:25:43", "end": "00:25:49", "text": "You normally would not do this for any"}, {"start": "00:25:46", "end": "00:25:52", "text": "asset class that you were expecting not"}, {"start": "00:25:49", "end": "00:25:54", "text": "to have uh money flowing in its"}, {"start": "00:25:52", "end": "00:25:57", "text": "direction. You just simply would not."}, {"start": "00:25:54", "end": "00:26:00", "text": "You would lose money as a bank or as a"}, {"start": "00:25:57", "end": "00:26:03", "text": "hedge fund. The move comes as the"}, {"start": "00:26:00", "end": "00:26:07", "text": "European Union's markets in crypto"}, {"start": "00:26:03", "end": "00:26:10", "text": "assets or Micah regulation reshapes how"}, {"start": "00:26:07", "end": "00:26:15", "text": "banks exchanges and other firms can"}, {"start": "00:26:10", "end": "00:26:17", "text": "provide crypto services. For Bankasella,"}, {"start": "00:26:15", "end": "00:26:20", "text": "the approval process gives it a first"}, {"start": "00:26:17", "end": "00:26:23", "text": "mover position in Italy's regulated"}, {"start": "00:26:20", "end": "00:26:28", "text": "banking sector. Have you ever seen uh"}, {"start": "00:26:23", "end": "00:26:30", "text": "like Italy's laws around like money? You"}, {"start": "00:26:28", "end": "00:26:32", "text": "know that tons of like millionaires and"}, {"start": "00:26:30", "end": "00:26:33", "text": "billionaires are moving to to Italy."}, {"start": "00:26:32", "end": "00:26:35", "text": "Now, this is I mean this is very common"}, {"start": "00:26:33", "end": "00:26:36", "text": "news. This isn't like something"}, {"start": "00:26:35", "end": "00:26:39", "text": "secretive."}, {"start": "00:26:36", "end": "00:26:42", "text": "Italy has one of the like weirdest tax"}, {"start": "00:26:39", "end": "00:26:44", "text": "rates on the planet. They have a flat"}, {"start": "00:26:42", "end": "00:26:48", "text": "tax for any money that you make. So,"}, {"start": "00:26:44", "end": "00:26:52", "text": "let's say let's say one year you from"}, {"start": "00:26:48", "end": "00:26:54", "text": "your company made $3.5 million."}, {"start": "00:26:52", "end": "00:26:57", "text": "That's the number you made, $3.5"}, {"start": "00:26:54", "end": "00:27:02", "text": "million. And your neighbor next door in"}, {"start": "00:26:57", "end": "00:27:04", "text": "the villa, uh, he made $5 billion."}, {"start": "00:27:02", "end": "00:27:08", "text": "Do you know how much you both pay in"}, {"start": "00:27:04", "end": "00:27:15", "text": "taxes? It's the same exact number."}, {"start": "00:27:08", "end": "00:27:18", "text": "I think I think it's currently $200,000."}, {"start": "00:27:15", "end": "00:27:21", "text": "So there's uh since and I'll give it to"}, {"start": "00:27:18", "end": "00:27:25", "text": "you this way. Uh recently world events"}, {"start": "00:27:21", "end": "00:27:27", "text": "have caused a number of people even from"}, {"start": "00:27:25", "end": "00:27:30", "text": "Dubai, if you know which world events"}, {"start": "00:27:27", "end": "00:27:32", "text": "I'm talking about, uh even from Dubai to"}, {"start": "00:27:30", "end": "00:27:37", "text": "figure out a new place to to live that"}, {"start": "00:27:32", "end": "00:27:40", "text": "they deem might be potentially safer."}, {"start": "00:27:37", "end": "00:27:43", "text": "And there's since last year there's been"}, {"start": "00:27:40", "end": "00:27:45", "text": "a huge influx, but this year there's"}, {"start": "00:27:43", "end": "00:27:48", "text": "been like a tidal wave of very wealthy"}, {"start": "00:27:45", "end": "00:27:51", "text": "people moving to Italy because of this"}, {"start": "00:27:48", "end": "00:27:55", "text": "like flat tax. So you can make $74"}, {"start": "00:27:51", "end": "00:28:00", "text": "billion in a year and you still pay"}, {"start": "00:27:55", "end": "00:28:03", "text": "200k. And yeah, they said"}, {"start": "00:28:00", "end": "00:28:06", "text": "the evolution of payments towards"}, {"start": "00:28:03", "end": "00:28:08", "text": "instant, interoperable, and programmable"}, {"start": "00:28:06", "end": "00:28:11", "text": "models is redefining financial"}, {"start": "00:28:08", "end": "00:28:14", "text": "infrastructures at the European and"}, {"start": "00:28:11", "end": "00:28:18", "text": "global levels. Bankasella's new service"}, {"start": "00:28:14", "end": "00:28:20", "text": "fits within this landscape. Bankasella"}, {"start": "00:28:18", "end": "00:28:23", "text": "has been active in blockchain and"}, {"start": "00:28:20", "end": "00:28:26", "text": "digital asset initiatives for several"}, {"start": "00:28:23", "end": "00:28:28", "text": "years. since 2022. It has taken part in"}, {"start": "00:28:26", "end": "00:28:31", "text": "a trial promoted by the Bank of Italy's"}, {"start": "00:28:28", "end": "00:28:33", "text": "fintech Milano hub. The bank said it has"}, {"start": "00:28:31", "end": "00:28:35", "text": "also invested in the technology and"}, {"start": "00:28:33", "end": "00:28:37", "text": "skills needed to work with distributed"}, {"start": "00:28:35", "end": "00:28:41", "text": "ledger technology, blockchain systems,"}, {"start": "00:28:37", "end": "00:28:41", "text": "and digital assets announce."}, {"start": "00:28:42", "end": "00:28:46", "text": "Okay, so I I it doesn't say exactly what"}, {"start": "00:28:45", "end": "00:28:49", "text": "they're trying to do. It says crypto"}, {"start": "00:28:46", "end": "00:28:53", "text": "services and it says crypto custody"}, {"start": "00:28:49", "end": "00:28:55", "text": "transfers and tokenized finance. I I"}, {"start": "00:28:53", "end": "00:28:57", "text": "Okay. It's not saying exactly what"}, {"start": "00:28:55", "end": "00:28:59", "text": "they're planning on doing, but I assume"}, {"start": "00:28:57", "end": "00:29:03", "text": "it's going to be miraculous and"}, {"start": "00:28:59", "end": "00:29:06", "text": "money-making in some uh sort of way. Oh,"}, {"start": "00:29:03", "end": "00:29:10", "text": "also, if you've never been to Italy, uh"}, {"start": "00:29:06", "end": "00:29:11", "text": "you are missing out. It's uh it's okay."}, {"start": "00:29:10", "end": "00:29:13", "text": "I was going to say it's not only"}, {"start": "00:29:11", "end": "00:29:16", "text": "beautiful, but also sweltering. And"}, {"start": "00:29:13", "end": "00:29:19", "text": "sweltering usually uh isn't uh a"}, {"start": "00:29:16", "end": "00:29:23", "text": "positive, but uh if you do go, make sure"}, {"start": "00:29:19", "end": "00:29:25", "text": "you go either in spring. And I dare also"}, {"start": "00:29:23", "end": "00:29:29", "text": "say like"}, {"start": "00:29:25", "end": "00:29:32", "text": "the beginning of autumn. Do not go in"}, {"start": "00:29:29", "end": "00:29:35", "text": "summertime. It is going to be"}, {"start": "00:29:32", "end": "00:29:38", "text": "the hottest place you've ever been in"}, {"start": "00:29:35", "end": "00:29:40", "text": "your entire life. I went to Rome one"}, {"start": "00:29:38", "end": "00:29:45", "text": "time. This was in"}, {"start": "00:29:40", "end": "00:29:48", "text": "I want to say July or August. Uh no no"}, {"start": "00:29:45", "end": "00:29:52", "text": "it was a it was a solid 44 degrees every"}, {"start": "00:29:48", "end": "00:29:55", "text": "day. I think that's like 103 Fahrenheit"}, {"start": "00:29:52", "end": "00:29:59", "text": "or something. It was brutal. Uh no"}, {"start": "00:29:55", "end": "00:30:01", "text": "clouds, just pure sun. Uh marble"}, {"start": "00:29:59", "end": "00:30:05", "text": "buildings. The ground is like you can"}, {"start": "00:30:01", "end": "00:30:08", "text": "feel the ground melting while the sun is"}, {"start": "00:30:05", "end": "00:30:11", "text": "beaming off of all these like old stone"}, {"start": "00:30:08", "end": "00:30:15", "text": "buildings. It's it's um No, I would go"}, {"start": "00:30:11", "end": "00:30:18", "text": "any but it's beautiful if you can go at"}, {"start": "00:30:15", "end": "00:30:20", "text": "a better temperature time anyway."}, {"start": "00:30:18", "end": "00:30:23", "text": "Uh yeah, yeah, yeah, yeah, yeah, yeah."}, {"start": "00:30:20", "end": "00:30:26", "text": "How's everyone doing? How's everything"}, {"start": "00:30:23", "end": "00:30:28", "text": "been? As I said before in another video,"}, {"start": "00:30:26", "end": "00:30:31", "text": "the last few weeks have been"}, {"start": "00:30:28", "end": "00:30:34", "text": "dramatically annoying. Uh hopefully I've"}, {"start": "00:30:31", "end": "00:30:36", "text": "uh come out on the other side. I was"}, {"start": "00:30:34", "end": "00:30:38", "text": "chatting with a bunch of friends as"}, {"start": "00:30:36", "end": "00:30:41", "text": "well, and for some reason the last four"}, {"start": "00:30:38", "end": "00:30:43", "text": "weeks, four weeks specifically, have"}, {"start": "00:30:41", "end": "00:30:46", "text": "been very difficult for a lot of people."}, {"start": "00:30:43", "end": "00:30:50", "text": "So hopefully things get better on your"}, {"start": "00:30:46", "end": "00:30:52", "text": "end. Uh,"}, {"start": "00:30:50", "end": "00:30:55", "text": "I would love to see the cryptocurrency"}, {"start": "00:30:52", "end": "00:30:57", "text": "market move up in price. I've been here"}, {"start": "00:30:55", "end": "00:30:58", "text": "long enough to know that it will"}, {"start": "00:30:57", "end": "00:31:02", "text": "eventually."}, {"start": "00:30:58", "end": "00:31:06", "text": "It's just more of a if prices go lower,"}, {"start": "00:31:02", "end": "00:31:10", "text": "if the Fed gives us bad news. I know"}, {"start": "00:31:06", "end": "00:31:13", "text": "many people are okay with accumulating"}, {"start": "00:31:10", "end": "00:31:15", "text": "for a longer period of time. Yeah,"}, {"start": "00:31:13", "end": "00:31:16", "text": "that's going to do it for this video,"}, {"start": "00:31:15", "end": "00:31:19", "text": "everyone."}, {"start": "00:31:16", "end": "00:31:21", "text": "Hope you're all doing well. Hope you're"}, {"start": "00:31:19", "end": "00:31:23", "text": "all having a great day, a great morning,"}, {"start": "00:31:21", "end": "00:31:26", "text": "afternoon, evening, wherever you are,"}, {"start": "00:31:23", "end": "00:31:28", "text": "wherever the heck you might be. I do"}, {"start": "00:31:26", "end": "00:31:30", "text": "hope that it is absolutely fantastic."}, {"start": "00:31:28", "end": "00:31:32", "text": "Thank you all once again for watching,"}, {"start": "00:31:30", "end": "00:31:35", "text": "listening, liking, commenting, and"}, {"start": "00:31:32", "end": "00:31:39", "text": "supporting. And I will most certainly be"}, {"start": "00:31:35", "end": "00:31:42", "text": "talking to you all soon."}, {"start": "00:31:39", "end": "00:31:42", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:09", "text": "Hello everybody."}, {"start": "00:00:04", "end": "00:00:12", "text": "Welcome back for another video."}, {"start": "00:00:09", "end": "00:00:14", "text": "Hope you're all doing well. Hope"}, {"start": "00:00:12", "end": "00:00:17", "text": "everyone out there is doing absolutely"}, {"start": "00:00:14", "end": "00:00:19", "text": "fantastic and that you're all having a"}, {"start": "00:00:17", "end": "00:00:23", "text": "wonderful day. I just woke up. I'm sure"}, {"start": "00:00:19", "end": "00:00:28", "text": "you can uh recognize the sound of it."}, {"start": "00:00:23", "end": "00:00:30", "text": "I'll wake up as the minutes go by. Uh,"}, {"start": "00:00:28", "end": "00:00:34", "text": "very big thank you to my Patreon"}, {"start": "00:00:30", "end": "00:00:40", "text": "supporters, Trent Jackson, Gil, Boa"}, {"start": "00:00:34", "end": "00:00:43", "text": "Snake, and Finley Bass. I do thank thee."}, {"start": "00:00:40", "end": "00:00:46", "text": "Don't forget to follow me on Twitter."}, {"start": "00:00:43", "end": "00:00:50", "text": "There's a link in the description below"}, {"start": "00:00:46", "end": "00:00:54", "text": "the video. Without any further ado,"}, {"start": "00:00:50", "end": "00:00:57", "text": "let's jump right into it. This is"}, {"start": "00:00:54", "end": "00:00:59", "text": "I think crypto is reaching a breaking"}, {"start": "00:00:57", "end": "00:01:03", "text": "point. Um, and I don't know if other"}, {"start": "00:00:59", "end": "00:01:06", "text": "people kind of notice it. There are a"}, {"start": "00:01:03", "end": "00:01:09", "text": "lot of fractures. There are a lot of uh"}, {"start": "00:01:06", "end": "00:01:13", "text": "cracks in the foundation that need to be"}, {"start": "00:01:09", "end": "00:01:18", "text": "fixed and not actually uh patched over."}, {"start": "00:01:13", "end": "00:01:21", "text": "I think we're seeing huge amounts of um"}, {"start": "00:01:18", "end": "00:01:23", "text": "generalized market manipulation"}, {"start": "00:01:21", "end": "00:01:26", "text": "to keep prices"}, {"start": "00:01:23", "end": "00:01:29", "text": "uh lower for many different coins. I'm"}, {"start": "00:01:26", "end": "00:01:33", "text": "going to be as honest as I possibly can"}, {"start": "00:01:29", "end": "00:01:36", "text": "in this one. It obviously doesn't make"}, {"start": "00:01:33", "end": "00:01:38", "text": "sense, at least to me based on the news"}, {"start": "00:01:36", "end": "00:01:41", "text": "that we've been getting, that prices are"}, {"start": "00:01:38", "end": "00:01:45", "text": "currently where they are. Period. That"}, {"start": "00:01:41", "end": "00:01:48", "text": "is just a complete fact. I find it"}, {"start": "00:01:45", "end": "00:01:51", "text": "completely odd and weird that we have"}, {"start": "00:01:48", "end": "00:01:55", "text": "been getting news daily. This isn't"}, {"start": "00:01:51", "end": "00:01:58", "text": "every other day. This is every 24 hours"}, {"start": "00:01:55", "end": "00:02:00", "text": "about how much adoption Bitcoin has been"}, {"start": "00:01:58", "end": "00:02:02", "text": "getting, how many governments have been"}, {"start": "00:02:00", "end": "00:02:05", "text": "buying, how many institutions, you know,"}, {"start": "00:02:02", "end": "00:02:09", "text": "the whole thing. But think about it. If"}, {"start": "00:02:05", "end": "00:02:11", "text": "you had this news for any other asset,"}, {"start": "00:02:09", "end": "00:02:16", "text": "the prices of that asset would have"}, {"start": "00:02:11", "end": "00:02:20", "text": "skyrocketed by now. If we had news that"}, {"start": "00:02:16", "end": "00:02:22", "text": "36 world banks, multiple governments,"}, {"start": "00:02:20", "end": "00:02:24", "text": "universities, institutions, hedge funds"}, {"start": "00:02:22", "end": "00:02:27", "text": "were all buying Apple stock"}, {"start": "00:02:24", "end": "00:02:29", "text": "specifically, Apple stock would have"}, {"start": "00:02:27", "end": "00:02:31", "text": "quadrupled in price and everyone would"}, {"start": "00:02:29", "end": "00:02:33", "text": "be running towards it. If we heard that"}, {"start": "00:02:31", "end": "00:02:36", "text": "all these institutions and governments"}, {"start": "00:02:33", "end": "00:02:39", "text": "and central banks were fleeing the US"}, {"start": "00:02:36", "end": "00:02:42", "text": "dollar and were buying silver. No, I"}, {"start": "00:02:39", "end": "00:02:44", "text": "I'll even give you copper. Copper's"}, {"start": "00:02:42", "end": "00:02:46", "text": "price would have completely skyrocketed"}, {"start": "00:02:44", "end": "00:02:50", "text": "right now. The fact that we're getting"}, {"start": "00:02:46", "end": "00:02:55", "text": "all this news for Bitcoin and Ethereum"}, {"start": "00:02:50", "end": "00:02:59", "text": "and XRP, etc., etc., and prices just"}, {"start": "00:02:55", "end": "00:03:02", "text": "can't seem to be stabilized. That's"}, {"start": "00:02:59", "end": "00:03:03", "text": "heavy manipulation on the parts of these"}, {"start": "00:03:02", "end": "00:03:08", "text": "companies who were trying to buy at"}, {"start": "00:03:03", "end": "00:03:11", "text": "lower prices. The other side is these"}, {"start": "00:03:08", "end": "00:03:14", "text": "are my opinions and my opinions alone."}, {"start": "00:03:11", "end": "00:03:16", "text": "The other side resides in the fact that"}, {"start": "00:03:14", "end": "00:03:18", "text": "people are waiting for the market to go"}, {"start": "00:03:16", "end": "00:03:21", "text": "a lot higher. You all feel it. You all"}, {"start": "00:03:18", "end": "00:03:23", "text": "know it. If you have friends in the"}, {"start": "00:03:21", "end": "00:03:25", "text": "market, family in the market, if it's"}, {"start": "00:03:23", "end": "00:03:27", "text": "just you, you read online, you do"}, {"start": "00:03:25", "end": "00:03:29", "text": "research, you look, and you see that"}, {"start": "00:03:27", "end": "00:03:32", "text": "everyone is kind of waiting for asset"}, {"start": "00:03:29", "end": "00:03:35", "text": "prices to go higher. Whether that hinges"}, {"start": "00:03:32", "end": "00:03:38", "text": "on the Clarity Act, whether that is"}, {"start": "00:03:35", "end": "00:03:40", "text": "reliant on the idea of the Fed lowering"}, {"start": "00:03:38", "end": "00:03:43", "text": "interest rates, it's bubbling in the"}, {"start": "00:03:40", "end": "00:03:46", "text": "background that everyone's waiting for"}, {"start": "00:03:43", "end": "00:03:51", "text": "things to move upward. So, what I think"}, {"start": "00:03:46", "end": "00:03:54", "text": "we're witnessing now are these really uh"}, {"start": "00:03:51", "end": "00:03:58", "text": "fast and quick pump and dumps within the"}, {"start": "00:03:54", "end": "00:04:00", "text": "cryptocurrency space because of the the"}, {"start": "00:03:58", "end": "00:04:04", "text": "word's not anticipation."}, {"start": "00:04:00", "end": "00:04:06", "text": "Uh people are tired of prices not moving"}, {"start": "00:04:04", "end": "00:04:09", "text": "where they think they should. And this"}, {"start": "00:04:06", "end": "00:04:11", "text": "is why I think we're seeing uh if you if"}, {"start": "00:04:09", "end": "00:04:14", "text": "you've been here for the last like seven"}, {"start": "00:04:11", "end": "00:04:17", "text": "months, it's definitely 7 months. you've"}, {"start": "00:04:14", "end": "00:04:20", "text": "noticed or witnessed online, on Twitter,"}, {"start": "00:04:17", "end": "00:04:23", "text": "on Reddit, through Telegram chats,"}, {"start": "00:04:20", "end": "00:04:25", "text": "wherever you go,"}, {"start": "00:04:23", "end": "00:04:27", "text": "people are hyping up things very"}, {"start": "00:04:25", "end": "00:04:29", "text": "quickly. Like really, like they're"}, {"start": "00:04:27", "end": "00:04:31", "text": "getting hyped. I'm And I even have like"}, {"start": "00:04:29", "end": "00:04:33", "text": "proper evidence as well. That's the"}, {"start": "00:04:31", "end": "00:04:35", "text": "worst part. It's not just even me being"}, {"start": "00:04:33", "end": "00:04:37", "text": "like, \"Yeah, I think this is happening.\""}, {"start": "00:04:35", "end": "00:04:41", "text": "No, it's steadily happening across the"}, {"start": "00:04:37", "end": "00:04:44", "text": "board where I think around March or"}, {"start": "00:04:41", "end": "00:04:46", "text": "April, remember I told you we were"}, {"start": "00:04:44", "end": "00:04:49", "text": "getting a lot of like um altcoin news"}, {"start": "00:04:46", "end": "00:04:51", "text": "was beginning to uh pop up and this"}, {"start": "00:04:49", "end": "00:04:53", "text": "altcoin news was like this coin's"}, {"start": "00:04:51", "end": "00:04:56", "text": "amazing, that coin's coming out of"}, {"start": "00:04:53", "end": "00:04:59", "text": "nowhere. When Bitcoin goes higher, this"}, {"start": "00:04:56", "end": "00:05:01", "text": "coin is going to uh benefit from it as"}, {"start": "00:04:59", "end": "00:05:03", "text": "well. And it's not Ethereum and it's not"}, {"start": "00:05:01", "end": "00:05:05", "text": "XRP. it was these other coins that we"}, {"start": "00:05:03", "end": "00:05:08", "text": "haven't heard about which I've also been"}, {"start": "00:05:05", "end": "00:05:12", "text": "going over and I told you the last uh"}, {"start": "00:05:08", "end": "00:05:14", "text": "couple of days if you didn't see um the"}, {"start": "00:05:12", "end": "00:05:17", "text": "it's the same exact thing with Stellar"}, {"start": "00:05:14", "end": "00:05:20", "text": "Lumens. Stellar Lumens is not a coin"}, {"start": "00:05:17", "end": "00:05:23", "text": "that people talk about that people"}, {"start": "00:05:20", "end": "00:05:25", "text": "listen no one is investing in Stellar"}, {"start": "00:05:23", "end": "00:05:27", "text": "Lumens. We were looking at the actual"}, {"start": "00:05:25", "end": "00:05:30", "text": "market cap if you weren't here for that"}, {"start": "00:05:27", "end": "00:05:33", "text": "video. Bitcoin's market cap, at least"}, {"start": "00:05:30", "end": "00:05:38", "text": "back in that video, was like $1.5"}, {"start": "00:05:33", "end": "00:05:41", "text": "trillion dollars. Trillion, not million."}, {"start": "00:05:38", "end": "00:05:44", "text": "$1.5 trillion. And Stellar Lumen's"}, {"start": "00:05:41", "end": "00:05:47", "text": "market cap, I think, was like 134"}, {"start": "00:05:44", "end": "00:05:50", "text": "billion. No one spoke about lumens for"}, {"start": "00:05:47", "end": "00:05:53", "text": "years. And then out of nowhere, uh, the"}, {"start": "00:05:50", "end": "00:05:56", "text": "the head of something was like, \"Yeah,"}, {"start": "00:05:53", "end": "00:05:58", "text": "Stellar Lumens is is bigger than the"}, {"start": "00:05:56", "end": "00:06:00", "text": "NASDAQ."}, {"start": "00:05:58", "end": "00:06:01", "text": "And I was like, \"What the hell are you"}, {"start": "00:06:00", "end": "00:06:04", "text": "talking about? It's it's the freaking"}, {"start": "00:06:01", "end": "00:06:06", "text": "NASDAQ.\" Like, there's that that that"}, {"start": "00:06:04", "end": "00:06:08", "text": "handles $50 trillion worth of"}, {"start": "00:06:06", "end": "00:06:11", "text": "transactions."}, {"start": "00:06:08", "end": "00:06:13", "text": "No one in like you know how like we've"}, {"start": "00:06:11", "end": "00:06:15", "text": "been getting even crazier. We've been"}, {"start": "00:06:13", "end": "00:06:17", "text": "getting news about like Cardano and like"}, {"start": "00:06:15", "end": "00:06:19", "text": "no one's really using the system. Like"}, {"start": "00:06:17", "end": "00:06:21", "text": "Cardano works, but no crypto investors"}, {"start": "00:06:19", "end": "00:06:24", "text": "are using it. No one's been buying it"}, {"start": "00:06:21", "end": "00:06:28", "text": "for a while. Stellar Lumens was used"}, {"start": "00:06:24", "end": "00:06:29", "text": "even less than Cardano."}, {"start": "00:06:28", "end": "00:06:31", "text": "It's not even on anyone's radar. It"}, {"start": "00:06:29", "end": "00:06:32", "text": "wasn't a thing. And then out of nowhere,"}, {"start": "00:06:31", "end": "00:06:35", "text": "someone's like, \"Yeah, it's bigger than"}, {"start": "00:06:32", "end": "00:06:38", "text": "the NASDAQ.\" And then it's it's being"}, {"start": "00:06:35", "end": "00:06:39", "text": "used for um DTCC settlement. And then"}, {"start": "00:06:38", "end": "00:06:41", "text": "there was something else. And I was"}, {"start": "00:06:39", "end": "00:06:42", "text": "like, \"Really?\""}, {"start": "00:06:41", "end": "00:06:44", "text": "Like where where' that come from? And"}, {"start": "00:06:42", "end": "00:06:45", "text": "you might have noticed in the last like"}, {"start": "00:06:44", "end": "00:06:49", "text": "seven eight days since then, no one said"}, {"start": "00:06:45", "end": "00:06:51", "text": "a word about Stella Lumens."}, {"start": "00:06:49", "end": "00:06:55", "text": "So, I think we're starting to see these"}, {"start": "00:06:51", "end": "00:06:57", "text": "kind of pumps because since the"}, {"start": "00:06:55", "end": "00:07:02", "text": "beginning of the year, everyone was kind"}, {"start": "00:06:57", "end": "00:07:04", "text": "of told, I won't even say fixated, we"}, {"start": "00:07:02", "end": "00:07:07", "text": "were outright told that cryptocurrency"}, {"start": "00:07:04", "end": "00:07:09", "text": "prices were going to go higher. So that"}, {"start": "00:07:07", "end": "00:07:13", "text": "leads me into this and you'll you'll see"}, {"start": "00:07:09", "end": "00:07:15", "text": "it and I hope you understand it"}, {"start": "00:07:13", "end": "00:07:18", "text": "because these people exist in the space"}, {"start": "00:07:15", "end": "00:07:20", "text": "to try and make quick fast extra money"}, {"start": "00:07:18", "end": "00:07:24", "text": "when the market's not moving up but they"}, {"start": "00:07:20", "end": "00:07:26", "text": "do it at the belittlement"}, {"start": "00:07:24", "end": "00:07:31", "text": "of everyone else who's actually in the"}, {"start": "00:07:26", "end": "00:07:31", "text": "market. So, at some point, hold on."}, {"start": "00:07:32", "end": "00:07:36", "text": "At some point, you must have seen"}, {"start": "00:07:33", "end": "00:07:38", "text": "recently that Zedcash was in the news. I"}, {"start": "00:07:36", "end": "00:07:40", "text": "know some people call it Zcash. I I"}, {"start": "00:07:38", "end": "00:07:43", "text": "don't give a crap. I call it Zedcash"}, {"start": "00:07:40", "end": "00:07:46", "text": "because the rest of the world says Zed."}, {"start": "00:07:43", "end": "00:07:50", "text": "This was in the news quite heavily since"}, {"start": "00:07:46", "end": "00:07:55", "text": "around March. If you don't know, there's"}, {"start": "00:07:50", "end": "00:07:57", "text": "an issue with Zedcash and with Monero."}, {"start": "00:07:55", "end": "00:07:59", "text": "And there was another popular one that I"}, {"start": "00:07:57", "end": "00:08:03", "text": "can't remember the name of right now."}, {"start": "00:07:59", "end": "00:08:05", "text": "Around 2017 2018, as Bitcoin gained in"}, {"start": "00:08:03", "end": "00:08:07", "text": "popularity around the world, many people"}, {"start": "00:08:05", "end": "00:08:10", "text": "began to release these coins or tried to"}, {"start": "00:08:07", "end": "00:08:12", "text": "hype up other coins that like looked"}, {"start": "00:08:10", "end": "00:08:14", "text": "similar to it."}, {"start": "00:08:12", "end": "00:08:17", "text": "Zedcash and Monero were two of those"}, {"start": "00:08:14", "end": "00:08:21", "text": "coins. It comes down to the fact that"}, {"start": "00:08:17", "end": "00:08:25", "text": "Bitcoin in 2011 to around 2016 was known"}, {"start": "00:08:21", "end": "00:08:26", "text": "as like a completely private blockchain."}, {"start": "00:08:25", "end": "00:08:27", "text": "You could do whatever you want. You"}, {"start": "00:08:26", "end": "00:08:30", "text": "could send whatever you want. No one"}, {"start": "00:08:27", "end": "00:08:33", "text": "could track or trace your transactions."}, {"start": "00:08:30", "end": "00:08:35", "text": "At some point in 2017, as more people"}, {"start": "00:08:33", "end": "00:08:38", "text": "piled into the market, we had onchain"}, {"start": "00:08:35", "end": "00:08:40", "text": "analytical firms beginning to emerge."}, {"start": "00:08:38", "end": "00:08:42", "text": "And we realized quite quickly that they"}, {"start": "00:08:40", "end": "00:08:45", "text": "could easily track transactions where"}, {"start": "00:08:42", "end": "00:08:48", "text": "they were going whose name was attached"}, {"start": "00:08:45", "end": "00:08:50", "text": "to which address yada yada yada. Thus"}, {"start": "00:08:48", "end": "00:08:54", "text": "came the advent of coins that had"}, {"start": "00:08:50", "end": "00:08:56", "text": "private transactions. These coins became"}, {"start": "00:08:54", "end": "00:08:58", "text": "incredibly popular because people were"}, {"start": "00:08:56", "end": "00:09:01", "text": "like I don't want anyone to see where my"}, {"start": "00:08:58", "end": "00:09:04", "text": "money's going."}, {"start": "00:09:01", "end": "00:09:06", "text": "The next step came in 2018 2019 when"}, {"start": "00:09:04", "end": "00:09:08", "text": "governments were like we're okay with"}, {"start": "00:09:06", "end": "00:09:11", "text": "Bitcoin,"}, {"start": "00:09:08", "end": "00:09:13", "text": "Ethereum's fine, but private"}, {"start": "00:09:11", "end": "00:09:16", "text": "transactions. This is where we draw the"}, {"start": "00:09:13", "end": "00:09:20", "text": "line. So people in my comment section"}, {"start": "00:09:16", "end": "00:09:23", "text": "back then were asking me if I was a"}, {"start": "00:09:20", "end": "00:09:26", "text": "investing in stable coins and I said why"}, {"start": "00:09:23", "end": "00:09:28", "text": "would I do that and b people were asking"}, {"start": "00:09:26", "end": "00:09:32", "text": "if I was investing in zedcash ah zedcash"}, {"start": "00:09:28", "end": "00:09:34", "text": "monero and dash dash was the other coin"}, {"start": "00:09:32", "end": "00:09:36", "text": "and I was like no governments are"}, {"start": "00:09:34", "end": "00:09:39", "text": "banning these coins they it's not that"}, {"start": "00:09:36", "end": "00:09:41", "text": "they don't have a use but they don't"}, {"start": "00:09:39", "end": "00:09:43", "text": "really have a use the liquidity was"}, {"start": "00:09:41", "end": "00:09:45", "text": "drying up in their markets no one's"}, {"start": "00:09:43", "end": "00:09:49", "text": "trading these coins and you had to have"}, {"start": "00:09:45", "end": "00:09:51", "text": "very specific people who wanted to have"}, {"start": "00:09:49", "end": "00:09:53", "text": "private transactions while they're"}, {"start": "00:09:51", "end": "00:09:56", "text": "sending crypto back and forth and I'm"}, {"start": "00:09:53", "end": "00:09:58", "text": "not one of them. It, you know, and you"}, {"start": "00:09:56", "end": "00:09:59", "text": "can't sit there and and and cross your"}, {"start": "00:09:58", "end": "00:10:01", "text": "arms or suck your teeth because you're"}, {"start": "00:09:59", "end": "00:10:02", "text": "also using a debit and credit card and"}, {"start": "00:10:01", "end": "00:10:04", "text": "you're also using the internet."}, {"start": "00:10:02", "end": "00:10:06", "text": "Everything you do is also tracked and"}, {"start": "00:10:04", "end": "00:10:10", "text": "traced as well."}, {"start": "00:10:06", "end": "00:10:12", "text": "These coins fell into relative obscurity"}, {"start": "00:10:10", "end": "00:10:16", "text": "and I think that made a lot of early"}, {"start": "00:10:12", "end": "00:10:18", "text": "investors very upset because these coins"}, {"start": "00:10:16", "end": "00:10:19", "text": "were some of the original hype coins."}, {"start": "00:10:18", "end": "00:10:21", "text": "You know how like like we keep getting"}, {"start": "00:10:19", "end": "00:10:23", "text": "these coins every now and again. This is"}, {"start": "00:10:21", "end": "00:10:26", "text": "the brand new coin that you got to buy."}, {"start": "00:10:23", "end": "00:10:28", "text": "That kind of thing. These were touted as"}, {"start": "00:10:26", "end": "00:10:32", "text": "the next Bitcoin. These were touted as"}, {"start": "00:10:28", "end": "00:10:34", "text": "the thing that you know Bitcoin's p if"}, {"start": "00:10:32", "end": "00:10:36", "text": "you really want private transactions you"}, {"start": "00:10:34", "end": "00:10:38", "text": "use this. So, a lot of early investors,"}, {"start": "00:10:36", "end": "00:10:41", "text": "and I mean people with like millions and"}, {"start": "00:10:38", "end": "00:10:43", "text": "tens of millions of dollars, they bought"}, {"start": "00:10:41", "end": "00:10:45", "text": "up these coins before they hyped them"}, {"start": "00:10:43", "end": "00:10:47", "text": "up. It's the same exact thing if you"}, {"start": "00:10:45", "end": "00:10:50", "text": "didn't know the the history of of"}, {"start": "00:10:47", "end": "00:10:54", "text": "Bitcoin Cash."}, {"start": "00:10:50", "end": "00:10:57", "text": "The reason why people were bullying um"}, {"start": "00:10:54", "end": "00:10:59", "text": "Coinbase years ago to to have Bitcoin"}, {"start": "00:10:57", "end": "00:11:03", "text": "Cash on their website, on their"}, {"start": "00:10:59", "end": "00:11:06", "text": "exchange, is not because of you. It's"}, {"start": "00:11:03", "end": "00:11:08", "text": "not because you had $114"}, {"start": "00:11:06", "end": "00:11:10", "text": "and in in Bitcoin Cash and and you"}, {"start": "00:11:08", "end": "00:11:12", "text": "wanted it, you know, I I really need"}, {"start": "00:11:10", "end": "00:11:14", "text": "that $114."}, {"start": "00:11:12", "end": "00:11:17", "text": "No, it was because of the people who had"}, {"start": "00:11:14", "end": "00:11:20", "text": "$30,000 Bitcoin, the really early"}, {"start": "00:11:17", "end": "00:11:23", "text": "adopters who saw that they had 30,000 of"}, {"start": "00:11:20", "end": "00:11:25", "text": "another coin that could go to several"}, {"start": "00:11:23", "end": "00:11:27", "text": "thousand. So, they pressured Coinbase,"}, {"start": "00:11:25", "end": "00:11:28", "text": "give us our money. We deserve it. We"}, {"start": "00:11:27", "end": "00:11:31", "text": "need it."}, {"start": "00:11:28", "end": "00:11:34", "text": "So, a couple of months ago, if you were"}, {"start": "00:11:31", "end": "00:11:35", "text": "paying attention to the news, Zedcash"}, {"start": "00:11:34", "end": "00:11:38", "text": "re-entered the news and out of nowhere,"}, {"start": "00:11:35", "end": "00:11:41", "text": "it gained a huge,"}, {"start": "00:11:38", "end": "00:11:42", "text": "huge amount of notoriety. Everyone was"}, {"start": "00:11:41", "end": "00:11:45", "text": "talking about it again. This coin is"}, {"start": "00:11:42", "end": "00:11:48", "text": "super awesome. It's absolutely amazing."}, {"start": "00:11:45", "end": "00:11:50", "text": "And then a couple of days ago, if you"}, {"start": "00:11:48", "end": "00:11:52", "text": "also didn't This is like this is this is"}, {"start": "00:11:50", "end": "00:11:54", "text": "manipulation and this is completely"}, {"start": "00:11:52", "end": "00:11:56", "text": "insane."}, {"start": "00:11:54", "end": "00:11:59", "text": "If you didn't see a couple days ago, the"}, {"start": "00:11:56", "end": "00:12:02", "text": "coin uh completely collapsed in price"}, {"start": "00:11:59", "end": "00:12:04", "text": "and usage in liquidity. And I'm going to"}, {"start": "00:12:02", "end": "00:12:07", "text": "go"}, {"start": "00:12:04", "end": "00:12:09", "text": "uh forward and then backward to show you"}, {"start": "00:12:07", "end": "00:12:13", "text": "exactly how we got to this point and"}, {"start": "00:12:09", "end": "00:12:17", "text": "where the manipulation actually is."}, {"start": "00:12:13", "end": "00:12:19", "text": "It says, \"Zedcash fell sharply after"}, {"start": "00:12:17", "end": "00:12:23", "text": "developers disclosed a critical"}, {"start": "00:12:19", "end": "00:12:27", "text": "vulnerability in its orchid shielded"}, {"start": "00:12:23", "end": "00:12:29", "text": "pool that could theoretically"}, {"start": "00:12:27", "end": "00:12:32", "text": "have allowed an attacker to create"}, {"start": "00:12:29", "end": "00:12:33", "text": "unlimited counterfeit zedcash without"}, {"start": "00:12:32", "end": "00:12:35", "text": "detection."}, {"start": "00:12:33", "end": "00:12:37", "text": "So basically the developers came forward"}, {"start": "00:12:35", "end": "00:12:39", "text": "and they were like, \"Hey, we found a"}, {"start": "00:12:37", "end": "00:12:41", "text": "flaw and if someone had been able to use"}, {"start": "00:12:39", "end": "00:12:44", "text": "this, they would have been able to make"}, {"start": "00:12:41", "end": "00:12:46", "text": "an infinite amount of of Zedcash.\""}, {"start": "00:12:44", "end": "00:12:50", "text": "The flaw was discovered by security"}, {"start": "00:12:46", "end": "00:12:53", "text": "engineer Taylor Hornby, who was engaged"}, {"start": "00:12:50", "end": "00:12:55", "text": "by Shielded Labs and credited Anthropics"}, {"start": "00:12:53", "end": "00:12:59", "text": "Claude with helping develop a working"}, {"start": "00:12:55", "end": "00:13:01", "text": "exploit in a local testing environment."}, {"start": "00:12:59", "end": "00:13:03", "text": "The vulnerability was addressed through"}, {"start": "00:13:01", "end": "00:13:06", "text": "emergency upgrades, including disabling"}, {"start": "00:13:03", "end": "00:13:09", "text": "orchid transactions and later restoring"}, {"start": "00:13:06", "end": "00:13:12", "text": "the pool with a corrected circuit. The"}, {"start": "00:13:09", "end": "00:13:14", "text": "market reaction was severe. Zedcash"}, {"start": "00:13:12", "end": "00:13:17", "text": "dropped as much as 48% after the"}, {"start": "00:13:14", "end": "00:13:20", "text": "disclosure, reflecting investor concern"}, {"start": "00:13:17", "end": "00:13:21", "text": "that Zedcash's fixed supply credibility"}, {"start": "00:13:20", "end": "00:13:23", "text": "had been weakened, even though"}, {"start": "00:13:21", "end": "00:13:25", "text": "developers say they found no evidence"}, {"start": "00:13:23", "end": "00:13:28", "text": "that the vulnerability had been"}, {"start": "00:13:25", "end": "00:13:30", "text": "exploited. The sell-off was particularly"}, {"start": "00:13:28", "end": "00:13:33", "text": "sharp because Zedcash had previously"}, {"start": "00:13:30", "end": "00:13:35", "text": "benefited from reward renewed demand for"}, {"start": "00:13:33", "end": "00:13:37", "text": "privacy focused crypto assets that had"}, {"start": "00:13:35", "end": "00:13:39", "text": "become one of the strongest performing"}, {"start": "00:13:37", "end": "00:13:40", "text": "large cap tokens before the security"}, {"start": "00:13:39", "end": "00:13:43", "text": "announcement."}, {"start": "00:13:40", "end": "00:13:45", "text": "A couple of months ago, this coin people"}, {"start": "00:13:43", "end": "00:13:48", "text": "were talking about this this is going to"}, {"start": "00:13:45", "end": "00:13:49", "text": "overtake Bitcoin. Remember how I told"}, {"start": "00:13:48", "end": "00:13:51", "text": "you before, if you're if you're"}, {"start": "00:13:49", "end": "00:13:54", "text": "relatively new here, and I mean the last"}, {"start": "00:13:51", "end": "00:13:55", "text": "two years, you might not know a lot of"}, {"start": "00:13:54", "end": "00:13:58", "text": "the history of the cryptocurrency"}, {"start": "00:13:55", "end": "00:14:01", "text": "market, there's always"}, {"start": "00:13:58", "end": "00:14:04", "text": "there's always news or some kind of"}, {"start": "00:14:01", "end": "00:14:08", "text": "narrative floating around that Bitcoin"}, {"start": "00:14:04", "end": "00:14:11", "text": "is old. Bitcoin is clunky, and this coin"}, {"start": "00:14:08", "end": "00:14:13", "text": "that you don't know about is about to"}, {"start": "00:14:11", "end": "00:14:15", "text": "overtake it. It's going to go higher in"}, {"start": "00:14:13", "end": "00:14:19", "text": "price. It's going to move in some sort"}, {"start": "00:14:15", "end": "00:14:21", "text": "of direction. This is done by people who"}, {"start": "00:14:19", "end": "00:14:23", "text": "have had this coin for years who are"}, {"start": "00:14:21", "end": "00:14:25", "text": "telling you that you should get into the"}, {"start": "00:14:23", "end": "00:14:27", "text": "market because the coin that they"}, {"start": "00:14:25", "end": "00:14:30", "text": "purchased years ago has no liquidity and"}, {"start": "00:14:27", "end": "00:14:33", "text": "has no money flowing into it. In many of"}, {"start": "00:14:30", "end": "00:14:38", "text": "these cases, you"}, {"start": "00:14:33", "end": "00:14:39", "text": "are actually used as exit liquidity."}, {"start": "00:14:38", "end": "00:14:42", "text": "So they'll tell you for months that this"}, {"start": "00:14:39", "end": "00:14:44", "text": "coin is awesome. It's amazing. You need"}, {"start": "00:14:42", "end": "00:14:46", "text": "to get into it and people start going"}, {"start": "00:14:44", "end": "00:14:48", "text": "into it. It's very easy if you have very"}, {"start": "00:14:46", "end": "00:14:52", "text": "low liquidity. If no one's trading it,"}, {"start": "00:14:48", "end": "00:14:53", "text": "if you buy $3.5 million worth of that"}, {"start": "00:14:52", "end": "00:14:56", "text": "coin, you can push the coin's price up"}, {"start": "00:14:53", "end": "00:14:57", "text": "by 15%."}, {"start": "00:14:56", "end": "00:15:00", "text": "If the rest of the market is going down"}, {"start": "00:14:57", "end": "00:15:03", "text": "by 1 or 2%. And this coin goes up by"}, {"start": "00:15:00", "end": "00:15:05", "text": "15%. They were correct. I just read an"}, {"start": "00:15:03", "end": "00:15:07", "text": "article that said that I should be"}, {"start": "00:15:05", "end": "00:15:10", "text": "buying this coin. People push into the"}, {"start": "00:15:07", "end": "00:15:12", "text": "coin, the coin goes up by another 3% and"}, {"start": "00:15:10", "end": "00:15:13", "text": "then it it validates everything that"}, {"start": "00:15:12", "end": "00:15:14", "text": "they've been saying. This goes on for"}, {"start": "00:15:13", "end": "00:15:16", "text": "the course of multiple weeks and"}, {"start": "00:15:14", "end": "00:15:18", "text": "everyone goes, \"Well, that's the new"}, {"start": "00:15:16", "end": "00:15:20", "text": "coin to buy.\" You're missing the actual"}, {"start": "00:15:18", "end": "00:15:21", "text": "story that this coin is banned"}, {"start": "00:15:20", "end": "00:15:23", "text": "everywhere around the world. No one's"}, {"start": "00:15:21", "end": "00:15:26", "text": "using it. It has no use. It has no"}, {"start": "00:15:23", "end": "00:15:28", "text": "purpose except for people who explicitly"}, {"start": "00:15:26", "end": "00:15:30", "text": "want private transactions sent between"}, {"start": "00:15:28", "end": "00:15:32", "text": "them and their friends."}, {"start": "00:15:30", "end": "00:15:33", "text": "When you try to cash out of this coin,"}, {"start": "00:15:32", "end": "00:15:35", "text": "the price doesn't really reflect"}, {"start": "00:15:33", "end": "00:15:37", "text": "anything because there's no liquidity."}, {"start": "00:15:35", "end": "00:15:38", "text": "It might take a longer time to actually"}, {"start": "00:15:37", "end": "00:15:41", "text": "sell it because there's no people"}, {"start": "00:15:38", "end": "00:15:44", "text": "actually buying it."}, {"start": "00:15:41", "end": "00:15:47", "text": "So, if you hadn't seen this is these are"}, {"start": "00:15:44", "end": "00:15:49", "text": "articles from months ago,"}, {"start": "00:15:47", "end": "00:15:51", "text": "it says Zedcash's price has risen by"}, {"start": "00:15:49", "end": "00:15:56", "text": "more than"}, {"start": "00:15:51", "end": "00:15:58", "text": "150% since the beginning of April 2026."}, {"start": "00:15:56", "end": "00:16:01", "text": "The assets market capitalization has"}, {"start": "00:15:58", "end": "00:16:04", "text": "neared $10 billion."}, {"start": "00:16:01", "end": "00:16:07", "text": "Same with Stellar Lumens. Same with"}, {"start": "00:16:04", "end": "00:16:11", "text": "Zedcash. under $10 billion. Bitcoin's"}, {"start": "00:16:07", "end": "00:16:15", "text": "market cap is $1.5 trillion. No one's"}, {"start": "00:16:11", "end": "00:16:15", "text": "using these coins."}, {"start": "00:16:16", "end": "00:16:20", "text": "A company called Multicoin Capital"}, {"start": "00:16:19", "end": "00:16:23", "text": "confirmed it has built a large position"}, {"start": "00:16:20", "end": "00:16:26", "text": "in Zedcash. Depending on how large their"}, {"start": "00:16:23", "end": "00:16:30", "text": "position was, they'd easily be able to"}, {"start": "00:16:26", "end": "00:16:33", "text": "move the price of the coin up."}, {"start": "00:16:30", "end": "00:16:35", "text": "On top of that, it says foundry to"}, {"start": "00:16:33", "end": "00:16:40", "text": "launch institutional-grade ZedCash"}, {"start": "00:16:35", "end": "00:16:40", "text": "mining pool in April 2026."}, {"start": "00:16:40", "end": "00:16:45", "text": "Why would you be building an"}, {"start": "00:16:42", "end": "00:16:48", "text": "institutional-grade mining pool for with"}, {"start": "00:16:45", "end": "00:16:48", "text": "no demand?"}, {"start": "00:16:48", "end": "00:16:54", "text": "There's no need for it. No one's going"}, {"start": "00:16:50", "end": "00:16:54", "text": "to actually use this."}, {"start": "00:16:55", "end": "00:17:00", "text": "On top of that, this is an article from"}, {"start": "00:16:58", "end": "00:17:04", "text": "April. If you're not looking at the"}, {"start": "00:17:00", "end": "00:17:07", "text": "screen, it says, \"Can Zedcash become the"}, {"start": "00:17:04", "end": "00:17:09", "text": "next Bitcoin?\""}, {"start": "00:17:07", "end": "00:17:11", "text": "These articles began to pop up"}, {"start": "00:17:09", "end": "00:17:14", "text": "everywhere talking about the the"}, {"start": "00:17:11", "end": "00:17:16", "text": "similarities between both networks."}, {"start": "00:17:14", "end": "00:17:18", "text": "Well, Bitcoin's going down every single"}, {"start": "00:17:16", "end": "00:17:20", "text": "day by 1 or 2% even though Bitcoin's"}, {"start": "00:17:18", "end": "00:17:23", "text": "being adopted. But the issue is is"}, {"start": "00:17:20", "end": "00:17:25", "text": "Zedcash can do it better. We have"}, {"start": "00:17:23", "end": "00:17:28", "text": "private transactions. We have this many"}, {"start": "00:17:25", "end": "00:17:30", "text": "transactions per second."}, {"start": "00:17:28", "end": "00:17:32", "text": "The identical supply cap is one of the"}, {"start": "00:17:30", "end": "00:17:36", "text": "strongest arguments for Zedcash"}, {"start": "00:17:32", "end": "00:17:36", "text": "potential as digital gold."}, {"start": "00:17:36", "end": "00:17:41", "text": "How many of you were buying or using"}, {"start": "00:17:38", "end": "00:17:43", "text": "Zedcash over the course of the last five"}, {"start": "00:17:41", "end": "00:17:45", "text": "years? Not holding it. Not holding it"}, {"start": "00:17:43", "end": "00:17:48", "text": "because someone told you to buy it back"}, {"start": "00:17:45", "end": "00:17:48", "text": "in 2018."}, {"start": "00:17:49", "end": "00:17:55", "text": "Uh-huh. So, here's here's the other"}, {"start": "00:17:52", "end": "00:17:57", "text": "here's the other kicker. Here's where a"}, {"start": "00:17:55", "end": "00:17:59", "text": "lot of the question marks begin to"}, {"start": "00:17:57", "end": "00:18:02", "text": "unfold. If you're not looking at the"}, {"start": "00:17:59", "end": "00:18:06", "text": "screen, it says, \"Arthur Hayes has"}, {"start": "00:18:02", "end": "00:18:10", "text": "dumped his entire ZCAS position after"}, {"start": "00:18:06", "end": "00:18:10", "text": "major flaw emerges.\""}, {"start": "00:18:10", "end": "00:18:16", "text": "So immediately when that news was"}, {"start": "00:18:12", "end": "00:18:18", "text": "released, a lot of um people, not not"}, {"start": "00:18:16", "end": "00:18:21", "text": "even just Arthur Hayes, a lot of people"}, {"start": "00:18:18", "end": "00:18:23", "text": "in the crypto space began to almost"}, {"start": "00:18:21", "end": "00:18:25", "text": "instantaneously dump their positions in"}, {"start": "00:18:23", "end": "00:18:27", "text": "this coin that they had been saying was"}, {"start": "00:18:25", "end": "00:18:28", "text": "going to be the next Bitcoin, was going"}, {"start": "00:18:27", "end": "00:18:31", "text": "to be the thing that was going to bring"}, {"start": "00:18:28", "end": "00:18:34", "text": "everyone into the spotlight. I I I think"}, {"start": "00:18:31", "end": "00:18:38", "text": "ZedCash's price I think it rose I think"}, {"start": "00:18:34", "end": "00:18:41", "text": "it rose from $150 to $600 over the"}, {"start": "00:18:38", "end": "00:18:44", "text": "course of I think three or four months"}, {"start": "00:18:41", "end": "00:18:48", "text": "something like that that constitutes a"}, {"start": "00:18:44", "end": "00:18:50", "text": "4x in price. So, if you were an investor"}, {"start": "00:18:48", "end": "00:18:53", "text": "who was telling people on Twitter that"}, {"start": "00:18:50", "end": "00:18:56", "text": "this coin was going to be the next big"}, {"start": "00:18:53", "end": "00:18:58", "text": "thing and you put $10 million into it"}, {"start": "00:18:56", "end": "00:19:03", "text": "and you rode the wave upward, you would"}, {"start": "00:18:58", "end": "00:19:05", "text": "have made about $40 million US"}, {"start": "00:19:03", "end": "00:19:06", "text": "for doing absolutely nothing over the"}, {"start": "00:19:05", "end": "00:19:09", "text": "course of three months as you told other"}, {"start": "00:19:06", "end": "00:19:11", "text": "people to get into these coins."}, {"start": "00:19:09", "end": "00:19:14", "text": "Like, you can once again the internet"}, {"start": "00:19:11", "end": "00:19:15", "text": "exists. You can look up all of this"}, {"start": "00:19:14", "end": "00:19:17", "text": "information. You can find it for"}, {"start": "00:19:15", "end": "00:19:20", "text": "yourself. They've been hyping up this"}, {"start": "00:19:17", "end": "00:19:23", "text": "coin for months and then out of nowhere."}, {"start": "00:19:20", "end": "00:19:25", "text": "Oh, we have a vulnerability. I'm I'm so"}, {"start": "00:19:23", "end": "00:19:27", "text": "sorry. Causing the price to fall down."}, {"start": "00:19:25", "end": "00:19:29", "text": "Which then also right now there are two"}, {"start": "00:19:27", "end": "00:19:31", "text": "other coins. I'll try and remember the"}, {"start": "00:19:29", "end": "00:19:34", "text": "names of them. Uh when Zedcash began to"}, {"start": "00:19:31", "end": "00:19:36", "text": "fall, ah one of them is Monero, the"}, {"start": "00:19:34", "end": "00:19:39", "text": "other like the other private transaction"}, {"start": "00:19:36", "end": "00:19:40", "text": "coin began to pump up in price as well."}, {"start": "00:19:39", "end": "00:19:41", "text": "So, you're probably going to start"}, {"start": "00:19:40", "end": "00:19:43", "text": "hearing about Monero over the course of"}, {"start": "00:19:41", "end": "00:19:46", "text": "the next couple of weeks as the new"}, {"start": "00:19:43", "end": "00:19:48", "text": "thing for you to put your money into,"}, {"start": "00:19:46", "end": "00:19:49", "text": "which is also then going to collapse as"}, {"start": "00:19:48", "end": "00:19:51", "text": "well because it's also banned around the"}, {"start": "00:19:49", "end": "00:19:53", "text": "world."}, {"start": "00:19:51", "end": "00:19:54", "text": "And then there was another coin that"}, {"start": "00:19:53", "end": "00:19:56", "text": "also began to move up as well. I mean,"}, {"start": "00:19:54", "end": "00:19:57", "text": "almost instantaneously with people being"}, {"start": "00:19:56", "end": "00:20:00", "text": "like, \"Okay, well, I sold everything"}, {"start": "00:19:57", "end": "00:20:02", "text": "there. Uh, this is now the new coin to"}, {"start": "00:20:00", "end": "00:20:04", "text": "actually get into.\" Arthur Hayes the"}, {"start": "00:20:02", "end": "00:20:07", "text": "last two years for some reason has"}, {"start": "00:20:04", "end": "00:20:09", "text": "become incredibly popular. not for his"}, {"start": "00:20:07", "end": "00:20:11", "text": "predictions, uh, but for being known as"}, {"start": "00:20:09", "end": "00:20:14", "text": "like a hype man. If you don't know what"}, {"start": "00:20:11", "end": "00:20:18", "text": "a hype man is, you probably weren't"}, {"start": "00:20:14", "end": "00:20:20", "text": "around in the in the '9s. A hype man is"}, {"start": "00:20:18", "end": "00:20:23", "text": "someone who gets on stage as the"}, {"start": "00:20:20", "end": "00:20:26", "text": "performer is there. You usually do"}, {"start": "00:20:23", "end": "00:20:27", "text": "someone doing hip-hop or rap"}, {"start": "00:20:26", "end": "00:20:30", "text": "and they like they they bounce around"}, {"start": "00:20:27", "end": "00:20:31", "text": "the stage to get everyone else hyped."}, {"start": "00:20:30", "end": "00:20:35", "text": "Logically, they're like they're a hype"}, {"start": "00:20:31", "end": "00:20:36", "text": "man. They tell everyone, you know, hey,"}, {"start": "00:20:35", "end": "00:20:38", "text": "put your hands in the air and wave them"}, {"start": "00:20:36", "end": "00:20:41", "text": "like you just don't care. Like that kind"}, {"start": "00:20:38", "end": "00:20:42", "text": "of Okay. Arthur Hayes is a hype man. And"}, {"start": "00:20:41", "end": "00:20:45", "text": "Arthur Arthur Hayes for the last couple"}, {"start": "00:20:42", "end": "00:20:49", "text": "of years has constantly been announcing"}, {"start": "00:20:45", "end": "00:20:52", "text": "that he has long positions in coins."}, {"start": "00:20:49", "end": "00:20:56", "text": "This coin by the year 2030 is going to"}, {"start": "00:20:52", "end": "00:20:59", "text": "go to uh $14,000 per coin. It is the"}, {"start": "00:20:56", "end": "00:21:01", "text": "next big coin. You got to get into it."}, {"start": "00:20:59", "end": "00:21:03", "text": "And then he sells his position."}, {"start": "00:21:01", "end": "00:21:06", "text": "Another new coin pops up and he says,"}, {"start": "00:21:03", "end": "00:21:08", "text": "\"This coin is the new thing that you"}, {"start": "00:21:06", "end": "00:21:11", "text": "have to look for because it's going to"}, {"start": "00:21:08", "end": "00:21:13", "text": "completely change the world.\" 3 months"}, {"start": "00:21:11", "end": "00:21:15", "text": "later, he sells his position. After"}, {"start": "00:21:13", "end": "00:21:18", "text": "telling people that he had long"}, {"start": "00:21:15", "end": "00:21:20", "text": "positions in these coins, I don't plan"}, {"start": "00:21:18", "end": "00:21:23", "text": "on dumping it. My chart show this coin"}, {"start": "00:21:20", "end": "00:21:27", "text": "is going to do a continued further 4x in"}, {"start": "00:21:23", "end": "00:21:27", "text": "price. He dumps the coins."}, {"start": "00:21:28", "end": "00:21:32", "text": "Also in the news, if you haven't seen,"}, {"start": "00:21:30", "end": "00:21:36", "text": "it says Hyperliquid and the Near"}, {"start": "00:21:32", "end": "00:21:39", "text": "Protocol fall sharply as Arthur Hayes"}, {"start": "00:21:36", "end": "00:21:42", "text": "dumps his Hypecoin and his Near coins"}, {"start": "00:21:39", "end": "00:21:44", "text": "for Worldcoin."}, {"start": "00:21:42", "end": "00:21:46", "text": "Arthur Hayes had been telling people for"}, {"start": "00:21:44", "end": "00:21:49", "text": "months"}, {"start": "00:21:46", "end": "00:21:52", "text": "that Hyperlid and Near Protocol were"}, {"start": "00:21:49", "end": "00:21:55", "text": "going to be the next big thing in the"}, {"start": "00:21:52", "end": "00:21:57", "text": "cryptocurrency space."}, {"start": "00:21:55", "end": "00:22:01", "text": "You can even see on the second line here"}, {"start": "00:21:57", "end": "00:22:03", "text": "it says the exit of the hype man citing"}, {"start": "00:22:01", "end": "00:22:05", "text": "potential market drops shifts the retail"}, {"start": "00:22:03", "end": "00:22:08", "text": "sentiment bearish and risk influencing"}, {"start": "00:22:05", "end": "00:22:13", "text": "other large wallet investors. These"}, {"start": "00:22:08", "end": "00:22:16", "text": "people hold the majority of these coins."}, {"start": "00:22:13", "end": "00:22:19", "text": "A retail investors are not in the market"}, {"start": "00:22:16", "end": "00:22:21", "text": "right now. I know that you're here, but"}, {"start": "00:22:19", "end": "00:22:25", "text": "many of you also aren't aren't really"}, {"start": "00:22:21", "end": "00:22:30", "text": "buying actively daily. You're not you"}, {"start": "00:22:25", "end": "00:22:31", "text": "are not putting in $1,000, 10,000,"}, {"start": "00:22:30", "end": "00:22:35", "text": "$50,000"}, {"start": "00:22:31", "end": "00:22:38", "text": "per day into the cryptocurrency space."}, {"start": "00:22:35", "end": "00:22:42", "text": "You might own some hype, some some some"}, {"start": "00:22:38", "end": "00:22:45", "text": "hyperlquid, some near protocol, but you"}, {"start": "00:22:42", "end": "00:22:48", "text": "don't own the lion's share."}, {"start": "00:22:45", "end": "00:22:50", "text": "These people own the majority of these"}, {"start": "00:22:48", "end": "00:22:53", "text": "coins because they have the money and"}, {"start": "00:22:50", "end": "00:22:55", "text": "the liquidity from constantly telling"}, {"start": "00:22:53", "end": "00:22:57", "text": "people that they have the money to put"}, {"start": "00:22:55", "end": "00:22:59", "text": "into these coins and they're they're"}, {"start": "00:22:57", "end": "00:23:01", "text": "betting on them for the long term. And"}, {"start": "00:22:59", "end": "00:23:04", "text": "then after they make a forex in price,"}, {"start": "00:23:01", "end": "00:23:07", "text": "they sell their position and move into a"}, {"start": "00:23:04", "end": "00:23:09", "text": "brand new coin. So they look smart in"}, {"start": "00:23:07", "end": "00:23:12", "text": "what they do because they rode the price"}, {"start": "00:23:09", "end": "00:23:14", "text": "up because they are the liquidity for"}, {"start": "00:23:12", "end": "00:23:16", "text": "that coin."}, {"start": "00:23:14", "end": "00:23:20", "text": "When one of them exits, they tell the"}, {"start": "00:23:16", "end": "00:23:23", "text": "other ones, \"I'm exiting my position.\""}, {"start": "00:23:20", "end": "00:23:25", "text": "You can see on onchain analytics which"}, {"start": "00:23:23", "end": "00:23:28", "text": "coins and which wallets benefited the"}, {"start": "00:23:25", "end": "00:23:29", "text": "most from this movement of money. It was"}, {"start": "00:23:28", "end": "00:23:31", "text": "the people who told you that they were"}, {"start": "00:23:29", "end": "00:23:33", "text": "getting into these coins for the long"}, {"start": "00:23:31", "end": "00:23:36", "text": "term and then they ended up selling"}, {"start": "00:23:33", "end": "00:23:36", "text": "them."}, {"start": "00:23:37", "end": "00:23:43", "text": "So the secondary part is that and I this"}, {"start": "00:23:40", "end": "00:23:45", "text": "is this is a literal warning. I I never"}, {"start": "00:23:43", "end": "00:23:48", "text": "tell you what to do with your money, but"}, {"start": "00:23:45", "end": "00:23:51", "text": "for the love of God, stay away from"}, {"start": "00:23:48", "end": "00:23:53", "text": "World Coin. This coin has been around"}, {"start": "00:23:51", "end": "00:23:56", "text": "since around 2022, something like that,"}, {"start": "00:23:53", "end": "00:23:59", "text": "maybe even 2021."}, {"start": "00:23:56", "end": "00:24:01", "text": "The purpose of this coin is nothing."}, {"start": "00:23:59", "end": "00:24:03", "text": "The purpose of what the company is doing"}, {"start": "00:24:01", "end": "00:24:06", "text": "with Worldcoin is just trying to get"}, {"start": "00:24:03", "end": "00:24:08", "text": "your biometric data. If you don't know"}, {"start": "00:24:06", "end": "00:24:10", "text": "the purpose of WorldCoin,"}, {"start": "00:24:08", "end": "00:24:12", "text": "basically, I think it's made by Sam"}, {"start": "00:24:10", "end": "00:24:14", "text": "Ultman. I think I think it's made by Sam"}, {"start": "00:24:12", "end": "00:24:18", "text": "Ultman. I I don't remember which company"}, {"start": "00:24:14", "end": "00:24:20", "text": "is behind it anymore. Uh Worldcoin"}, {"start": "00:24:18", "end": "00:24:24", "text": "appeared a couple of years ago as once"}, {"start": "00:24:20", "end": "00:24:26", "text": "again an answer to Bitcoin."}, {"start": "00:24:24", "end": "00:24:29", "text": "The idea behind it is is that no one"}, {"start": "00:24:26", "end": "00:24:30", "text": "knows who owns Bitcoin. No one knows"}, {"start": "00:24:29", "end": "00:24:32", "text": "whose wallet address this is. No one"}, {"start": "00:24:30", "end": "00:24:35", "text": "knows who's that so and so. You know, if"}, {"start": "00:24:32", "end": "00:24:38", "text": "if you wanted to without using a crypto"}, {"start": "00:24:35", "end": "00:24:40", "text": "exchange, you could use Bitcoin to your"}, {"start": "00:24:38", "end": "00:24:42", "text": "benefit or whatever. uh Warren Buffett"}, {"start": "00:24:40", "end": "00:24:45", "text": "and everyone else has been saying for"}, {"start": "00:24:42", "end": "00:24:47", "text": "the last 10 years. Worldcoin solves that"}, {"start": "00:24:45", "end": "00:24:49", "text": "problem by basically attaching your"}, {"start": "00:24:47", "end": "00:24:52", "text": "wallet to you. You know how it does"}, {"start": "00:24:49", "end": "00:24:54", "text": "that? By having you scan your eyeball"}, {"start": "00:24:52", "end": "00:24:57", "text": "and giving your biometric data to the"}, {"start": "00:24:54", "end": "00:24:59", "text": "Worldcoin people. So that when you want"}, {"start": "00:24:57", "end": "00:25:00", "text": "to use Worldcoin, when you want to"}, {"start": "00:24:59", "end": "00:25:02", "text": "deposit, when you want to send it, when"}, {"start": "00:25:00", "end": "00:25:04", "text": "you want to use it in a store, you just"}, {"start": "00:25:02", "end": "00:25:06", "text": "basically scan your iris and and you let"}, {"start": "00:25:04", "end": "00:25:08", "text": "the government know exactly where you"}, {"start": "00:25:06", "end": "00:25:10", "text": "are at that point in time as you're"}, {"start": "00:25:08", "end": "00:25:15", "text": "using your own money."}, {"start": "00:25:10", "end": "00:25:18", "text": "Worldcoin became popular around 2022"}, {"start": "00:25:15", "end": "00:25:20", "text": "when the people from Worldcoin began to"}, {"start": "00:25:18", "end": "00:25:22", "text": "go to Latin America. They realized that"}, {"start": "00:25:20", "end": "00:25:24", "text": "no one in the states wanted it. No one"}, {"start": "00:25:22", "end": "00:25:26", "text": "in Canada wanted it. They tried to"}, {"start": "00:25:24", "end": "00:25:28", "text": "launch um in Europe as well with many"}, {"start": "00:25:26", "end": "00:25:30", "text": "countries being like, \"What? What the"}, {"start": "00:25:28", "end": "00:25:32", "text": "hell? Get out of here.\" Like, \"No one no"}, {"start": "00:25:30", "end": "00:25:34", "text": "one wants that. You you can't tell"}, {"start": "00:25:32", "end": "00:25:37", "text": "people, I'll give you fake money if you"}, {"start": "00:25:34", "end": "00:25:39", "text": "let me scan your eyeballs.\""}, {"start": "00:25:37", "end": "00:25:42", "text": "So they went to Latin America and they"}, {"start": "00:25:39", "end": "00:25:45", "text": "you can Google this and World Coin"}, {"start": "00:25:42", "end": "00:25:48", "text": "specifically targeted very poor"}, {"start": "00:25:45", "end": "00:25:50", "text": "countries and very poor communities. You"}, {"start": "00:25:48", "end": "00:25:53", "text": "can Google it."}, {"start": "00:25:50", "end": "00:25:56", "text": "They were targeting villages and towns"}, {"start": "00:25:53", "end": "00:25:58", "text": "where people were making a dollar a day."}, {"start": "00:25:56", "end": "00:26:01", "text": "And they told these people, \"If you let"}, {"start": "00:25:58", "end": "00:26:03", "text": "us scan your eyeballs, we will give you"}, {"start": "00:26:01", "end": "00:26:06", "text": "$20 in World Coin.\" And then even"}, {"start": "00:26:03", "end": "00:26:08", "text": "crazier, they didn't even give them the"}, {"start": "00:26:06", "end": "00:26:10", "text": "world coin. In many cases, they gave"}, {"start": "00:26:08", "end": "00:26:13", "text": "them vouchers that could be scanned"}, {"start": "00:26:10", "end": "00:26:16", "text": "later on to actually um get that world"}, {"start": "00:26:13", "end": "00:26:18", "text": "coin that they said that they were going"}, {"start": "00:26:16", "end": "00:26:20", "text": "to get. You can see the like there's"}, {"start": "00:26:18", "end": "00:26:24", "text": "videos. There are people who made videos"}, {"start": "00:26:20", "end": "00:26:27", "text": "and took tons of photos of like hundreds"}, {"start": "00:26:24", "end": "00:26:30", "text": "of poor people standing in line waiting"}, {"start": "00:26:27", "end": "00:26:34", "text": "to get their irises scanned so that they"}, {"start": "00:26:30", "end": "00:26:38", "text": "could have 20 days worth of of of um of"}, {"start": "00:26:34", "end": "00:26:41", "text": "pay. They skipped work that day with the"}, {"start": "00:26:38", "end": "00:26:43", "text": "promise of getting money. The issue is"}, {"start": "00:26:41", "end": "00:26:44", "text": "many of those people didn't get it. And"}, {"start": "00:26:43", "end": "00:26:46", "text": "then those who did, the price of"}, {"start": "00:26:44", "end": "00:26:48", "text": "worldcoin began to collapse nearly"}, {"start": "00:26:46", "end": "00:26:52", "text": "instantaneously. So the 20 that they"}, {"start": "00:26:48", "end": "00:26:54", "text": "were promised became $345."}, {"start": "00:26:52", "end": "00:26:56", "text": "And then they tried to go to Southeast"}, {"start": "00:26:54", "end": "00:26:58", "text": "Asia and people there also weren't"}, {"start": "00:26:56", "end": "00:27:00", "text": "having it. So now in the last year,"}, {"start": "00:26:58", "end": "00:27:03", "text": "people have been trying to pump up"}, {"start": "00:27:00", "end": "00:27:05", "text": "Worldcoin again. Worldcoin is seen as as"}, {"start": "00:27:03", "end": "00:27:07", "text": "this kind of like is they're they're"}, {"start": "00:27:05", "end": "00:27:11", "text": "trying to market it as this next"}, {"start": "00:27:07", "end": "00:27:12", "text": "generation thing that absolutely no one"}, {"start": "00:27:11", "end": "00:27:16", "text": "wants."}, {"start": "00:27:12", "end": "00:27:19", "text": "So, not only was Arthur Hayes pumping"}, {"start": "00:27:16", "end": "00:27:21", "text": "Hyperlquid and Near Protocol for months,"}, {"start": "00:27:19", "end": "00:27:23", "text": "you can Google it and find the"}, {"start": "00:27:21", "end": "00:27:25", "text": "information"}, {"start": "00:27:23", "end": "00:27:27", "text": "talking about how amazing these coins"}, {"start": "00:27:25", "end": "00:27:30", "text": "were. These are going to be the next big"}, {"start": "00:27:27", "end": "00:27:34", "text": "thing. You got to get into it. I have a"}, {"start": "00:27:30", "end": "00:27:36", "text": "a a a long uh position in this coin."}, {"start": "00:27:34", "end": "00:27:38", "text": "It's going up to 20 by 2030. This coin"}, {"start": "00:27:36", "end": "00:27:40", "text": "is going to take over the world. He"}, {"start": "00:27:38", "end": "00:27:43", "text": "sells it."}, {"start": "00:27:40", "end": "00:27:48", "text": "This is what they're currently doing to"}, {"start": "00:27:43", "end": "00:27:52", "text": "the market and to you over and over and"}, {"start": "00:27:48", "end": "00:27:54", "text": "over and over. For those of you not"}, {"start": "00:27:52", "end": "00:27:56", "text": "looking at the screen, this is an"}, {"start": "00:27:54", "end": "00:28:00", "text": "article from about two months ago."}, {"start": "00:27:56", "end": "00:28:03", "text": "Arthur Hayes doubles down on Hyperliquid"}, {"start": "00:28:00", "end": "00:28:05", "text": "prediction. He sees Hyperlid overtaking"}, {"start": "00:28:03", "end": "00:28:08", "text": "Salana."}, {"start": "00:28:05", "end": "00:28:12", "text": "You know, I don't like Salana, and even"}, {"start": "00:28:08", "end": "00:28:14", "text": "that is nonsense to me. The last two or"}, {"start": "00:28:12", "end": "00:28:16", "text": "three months, we've actually been"}, {"start": "00:28:14", "end": "00:28:19", "text": "hearing that Salana is indeed being"}, {"start": "00:28:16", "end": "00:28:22", "text": "adopted. It's a corporation coin, but"}, {"start": "00:28:19", "end": "00:28:24", "text": "it's still being adopted. We've had"}, {"start": "00:28:22", "end": "00:28:25", "text": "multiple We had Visa. We had Visa and"}, {"start": "00:28:24", "end": "00:28:28", "text": "Mastercard, if you just didn't see"}, {"start": "00:28:25", "end": "00:28:30", "text": "recently, who were talking about Salana."}, {"start": "00:28:28", "end": "00:28:31", "text": "the the Visa and Mastercard are"}, {"start": "00:28:30", "end": "00:28:33", "text": "beginning to launch stable coins and"}, {"start": "00:28:31", "end": "00:28:36", "text": "they're launching them on Ethereum, uh,"}, {"start": "00:28:33", "end": "00:28:38", "text": "Polygon, Salana, and three other chains,"}, {"start": "00:28:36", "end": "00:28:41", "text": "who cares? Salana is the conversation"}, {"start": "00:28:38", "end": "00:28:44", "text": "right now."}, {"start": "00:28:41", "end": "00:28:47", "text": "So, as we're actually getting real news"}, {"start": "00:28:44", "end": "00:28:49", "text": "as to which coins are being adopted,"}, {"start": "00:28:47", "end": "00:28:52", "text": "which coins are being used, which coins"}, {"start": "00:28:49", "end": "00:28:55", "text": "are being accumulated by these"}, {"start": "00:28:52", "end": "00:28:57", "text": "companies, we can only logically assume"}, {"start": "00:28:55", "end": "00:29:00", "text": "that Visa and Mastercard and Black"}, {"start": "00:28:57", "end": "00:29:02", "text": "Rockck and Fidelity and Morgan Stanley"}, {"start": "00:29:00", "end": "00:29:05", "text": "and Goldman Sachs are actively"}, {"start": "00:29:02", "end": "00:29:08", "text": "accumulating Bitcoin, Ethereum, and also"}, {"start": "00:29:05", "end": "00:29:11", "text": "Salana's in that bucket as well. These"}, {"start": "00:29:08", "end": "00:29:14", "text": "other coins are now popping up."}, {"start": "00:29:11", "end": "00:29:18", "text": "Hyperlquid, Near Protocol, Stellar"}, {"start": "00:29:14", "end": "00:29:20", "text": "Lumens, Zedcash, Worldcoin, Monero as"}, {"start": "00:29:18", "end": "00:29:23", "text": "things that you're supposed to be"}, {"start": "00:29:20", "end": "00:29:25", "text": "looking at."}, {"start": "00:29:23", "end": "00:29:28", "text": "I know it's very difficult being in this"}, {"start": "00:29:25", "end": "00:29:30", "text": "space. Believe me, believe me, believe"}, {"start": "00:29:28", "end": "00:29:32", "text": "me, believe me."}, {"start": "00:29:30", "end": "00:29:34", "text": "I know it's very difficult because"}, {"start": "00:29:32", "end": "00:29:37", "text": "you're trying to always figure out where"}, {"start": "00:29:34", "end": "00:29:39", "text": "you are, what's going on or what's"}, {"start": "00:29:37", "end": "00:29:42", "text": "happening."}, {"start": "00:29:39", "end": "00:29:46", "text": "I try to bring you the news so that you"}, {"start": "00:29:42", "end": "00:29:50", "text": "remain somewhat vigilant, if you will."}, {"start": "00:29:46", "end": "00:29:52", "text": "Worldcoin is a gigantic scam and I keep"}, {"start": "00:29:50", "end": "00:29:53", "text": "seeing people, these are people probably"}, {"start": "00:29:52", "end": "00:29:57", "text": "being paid to hype it up in some sort of"}, {"start": "00:29:53", "end": "00:29:59", "text": "way on Twitter and online. So many"}, {"start": "00:29:57", "end": "00:30:02", "text": "people keep trying to talk about how"}, {"start": "00:29:59", "end": "00:30:07", "text": "amazing World No one's using Worldcoin."}, {"start": "00:30:02", "end": "00:30:09", "text": "No one's using Worldcoin."}, {"start": "00:30:07", "end": "00:30:11", "text": "No one's using Zedcash. No one's using"}, {"start": "00:30:09", "end": "00:30:15", "text": "Monero."}, {"start": "00:30:11", "end": "00:30:17", "text": "It's still yet to be seen if anyone's"}, {"start": "00:30:15", "end": "00:30:20", "text": "actually using Stellar Lumens because we"}, {"start": "00:30:17", "end": "00:30:22", "text": "had Stellar Lumens news years ago that"}, {"start": "00:30:20", "end": "00:30:24", "text": "what was it? Moneygram or something like"}, {"start": "00:30:22", "end": "00:30:28", "text": "that was going to be using it and then"}, {"start": "00:30:24", "end": "00:30:30", "text": "no more information at all from that."}, {"start": "00:30:28", "end": "00:30:33", "text": "So there's a lot of scamming going on"}, {"start": "00:30:30", "end": "00:30:35", "text": "right now. There's a lot of scamming."}, {"start": "00:30:33", "end": "00:30:36", "text": "There are a lot of pump and dumps and"}, {"start": "00:30:35", "end": "00:30:39", "text": "the pump and dumps are going to become"}, {"start": "00:30:36", "end": "00:30:41", "text": "more frequent and more intense the"}, {"start": "00:30:39", "end": "00:30:43", "text": "longer the cryptocurrency market stays"}, {"start": "00:30:41", "end": "00:30:45", "text": "lower."}, {"start": "00:30:43", "end": "00:30:48", "text": "When crypto prices tend to rise higher"}, {"start": "00:30:45", "end": "00:30:50", "text": "and quicker, usually a lot of these same"}, {"start": "00:30:48", "end": "00:30:53", "text": "people online, they it's a lot easier"}, {"start": "00:30:50", "end": "00:30:55", "text": "for them to simply say, \"Okay, all money"}, {"start": "00:30:53", "end": "00:30:57", "text": "on Bitcoin cuz Bitcoin's already"}, {"start": "00:30:55", "end": "00:31:00", "text": "rising.\""}, {"start": "00:30:57", "end": "00:31:03", "text": "So, tell other people what's going on."}, {"start": "00:31:00", "end": "00:31:05", "text": "Try to protect yourself as well. But"}, {"start": "00:31:03", "end": "00:31:07", "text": "yeah, I saw this and I was like, \"You've"}, {"start": "00:31:05", "end": "00:31:09", "text": "got to be freaking kidding me.\" They"}, {"start": "00:31:07", "end": "00:31:13", "text": "were they were they were pumping they"}, {"start": "00:31:09", "end": "00:31:14", "text": "were pumping this coin for months for"}, {"start": "00:31:13", "end": "00:31:17", "text": "months"}, {"start": "00:31:14", "end": "00:31:19", "text": "and then out of nowhere it just happens"}, {"start": "00:31:17", "end": "00:31:22", "text": "to go down. And then once again if you"}, {"start": "00:31:19", "end": "00:31:25", "text": "wondered why or how a coin could fall"}, {"start": "00:31:22", "end": "00:31:28", "text": "down by 48%"}, {"start": "00:31:25", "end": "00:31:29", "text": "over the course of like 3 to four hours"}, {"start": "00:31:28", "end": "00:31:32", "text": "it's because there were only like 16"}, {"start": "00:31:29", "end": "00:31:36", "text": "people who were holding it."}, {"start": "00:31:32", "end": "00:31:39", "text": "They held the majority of the supply."}, {"start": "00:31:36", "end": "00:31:42", "text": "Usually fall downs are kind of slow. As"}, {"start": "00:31:39", "end": "00:31:44", "text": "the world turns and everyone slowly"}, {"start": "00:31:42", "end": "00:31:46", "text": "wakes up, then you kind of see this slow"}, {"start": "00:31:44", "end": "00:31:48", "text": "cascade over the course of 24 hours, if"}, {"start": "00:31:46", "end": "00:31:51", "text": "not 48 hours. As more people get into"}, {"start": "00:31:48", "end": "00:31:55", "text": "the news, it takes time for the price to"}, {"start": "00:31:51", "end": "00:31:58", "text": "fall. An instantaneous 48% means that"}, {"start": "00:31:55", "end": "00:32:01", "text": "all the people who were holding it let"}, {"start": "00:31:58", "end": "00:32:02", "text": "it go at the same time and then"}, {"start": "00:32:01", "end": "00:32:06", "text": "announced that subsequently that they"}, {"start": "00:32:02", "end": "00:32:06", "text": "were moving into another coin."}, {"start": "00:32:08", "end": "00:32:13", "text": "So, I know it's it's it's it's difficult"}, {"start": "00:32:11", "end": "00:32:17", "text": "for me to be here as well. It's very"}, {"start": "00:32:13", "end": "00:32:22", "text": "difficult. The cryptocurrency market has"}, {"start": "00:32:17", "end": "00:32:27", "text": "devolved into some kind of monstrosity"}, {"start": "00:32:22", "end": "00:32:32", "text": "thing um at the moment. and"}, {"start": "00:32:27", "end": "00:32:37", "text": "hopes, not mine, but hopes still weigh"}, {"start": "00:32:32", "end": "00:32:40", "text": "heavy on uh interest rates and also the"}, {"start": "00:32:37", "end": "00:32:42", "text": "uh what do you call it?"}, {"start": "00:32:40", "end": "00:32:44", "text": "And the Clarity Act, which also looks"}, {"start": "00:32:42", "end": "00:32:46", "text": "like it's not going to be uh signed"}, {"start": "00:32:44", "end": "00:32:48", "text": "either. So"}, {"start": "00:32:46", "end": "00:32:50", "text": "yeah, yeah, yeah, yeah, yeah, yeah,"}, {"start": "00:32:48", "end": "00:32:52", "text": "yeah. Hope you're all doing well. Hope"}, {"start": "00:32:50", "end": "00:32:54", "text": "you're all taking care of yourselves."}, {"start": "00:32:52", "end": "00:32:56", "text": "Hope you're all paying attention to"}, {"start": "00:32:54", "end": "00:32:57", "text": "actual real news. I know it's very"}, {"start": "00:32:56", "end": "00:32:59", "text": "tempting. Believe I've been in this"}, {"start": "00:32:57", "end": "00:33:01", "text": "market for a while. It's very tempting"}, {"start": "00:32:59", "end": "00:33:03", "text": "to hear that something new, awesome,"}, {"start": "00:33:01", "end": "00:33:05", "text": "amazing, fantastic is is coming out,"}, {"start": "00:33:03", "end": "00:33:07", "text": "moving around. Some coin from 8 years"}, {"start": "00:33:05", "end": "00:33:09", "text": "ago that you've never heard of is now"}, {"start": "00:33:07", "end": "00:33:11", "text": "picking up steam. These people know how"}, {"start": "00:33:09", "end": "00:33:14", "text": "to corner the market. They put $30"}, {"start": "00:33:11", "end": "00:33:17", "text": "million each into a coin. They buy it"}, {"start": "00:33:14", "end": "00:33:18", "text": "up. You know, you I do one day, you do"}, {"start": "00:33:17", "end": "00:33:20", "text": "Tuesday, you do Wednesday, you do"}, {"start": "00:33:18", "end": "00:33:22", "text": "Thursday. They buy it up. They tell you"}, {"start": "00:33:20", "end": "00:33:24", "text": "over and over. They release articles,"}, {"start": "00:33:22", "end": "00:33:27", "text": "paid articles with these websites. This"}, {"start": "00:33:24", "end": "00:33:29", "text": "coin is going to be amazing. Then they"}, {"start": "00:33:27", "end": "00:33:30", "text": "dump the coin all at once and you're"}, {"start": "00:33:29", "end": "00:33:33", "text": "literally left standing there being"}, {"start": "00:33:30", "end": "00:33:36", "text": "like, \"What the hell happened?\""}, {"start": "00:33:33", "end": "00:33:39", "text": "Um, thank you all once again for"}, {"start": "00:33:36", "end": "00:33:41", "text": "watching, listening, liking the video,"}, {"start": "00:33:39", "end": "00:33:44", "text": "commenting on the video, and supporting"}, {"start": "00:33:41", "end": "00:33:46", "text": "the channel. And I will most certainly"}, {"start": "00:33:44", "end": "00:33:52", "text": "be talking"}, {"start": "00:33:46", "end": "00:33:52", "text": "to you all soon. Uh, see you."}]

[{"start": "00:00:01", "end": "00:00:04", "text": "Hello"}, {"start": "00:00:02", "end": "00:00:07", "text": "everybody."}, {"start": "00:00:04", "end": "00:00:09", "text": "Welcome back"}, {"start": "00:00:07", "end": "00:00:12", "text": "for another video. I don't know why that"}, {"start": "00:00:09", "end": "00:00:17", "text": "was so dramatic. Hope you're all doing"}, {"start": "00:00:12", "end": "00:00:20", "text": "well and that you're all having a great"}, {"start": "00:00:17", "end": "00:00:23", "text": "day. Very big thank you to my Patreon"}, {"start": "00:00:20", "end": "00:00:25", "text": "supporters, porters, porters, porters."}, {"start": "00:00:23", "end": "00:00:26", "text": "Finley Bass,"}, {"start": "00:00:25", "end": "00:00:31", "text": "Gilboa"}, {"start": "00:00:26", "end": "00:00:35", "text": "Snake, and Trent Jackson. Very big thank"}, {"start": "00:00:31", "end": "00:00:38", "text": "you for your support. If you Ow. If you"}, {"start": "00:00:35", "end": "00:00:41", "text": "would like to be a Patreon member,"}, {"start": "00:00:38", "end": "00:00:44", "text": "there's a link in the description below"}, {"start": "00:00:41", "end": "00:00:47", "text": "the video."}, {"start": "00:00:44", "end": "00:00:52", "text": "And without any further ado,"}, {"start": "00:00:47", "end": "00:00:54", "text": "let's jump right into it. There's"}, {"start": "00:00:52", "end": "00:00:57", "text": "far"}, {"start": "00:00:54", "end": "00:00:59", "text": "too much happening"}, {"start": "00:00:57", "end": "00:01:03", "text": "every single day within the"}, {"start": "00:00:59", "end": "00:01:05", "text": "cryptocurrency space, especially right"}, {"start": "00:01:03", "end": "00:01:09", "text": "now."}, {"start": "00:01:05", "end": "00:01:11", "text": "We were told, I won't use the word"}, {"start": "00:01:09", "end": "00:01:13", "text": "promised,"}, {"start": "00:01:11", "end": "00:01:15", "text": "but we were told quite a quite a bit of"}, {"start": "00:01:13", "end": "00:01:16", "text": "things"}, {"start": "00:01:15", "end": "00:01:20", "text": "uh"}, {"start": "00:01:16", "end": "00:01:23", "text": "in January and February of this year"}, {"start": "00:01:20", "end": "00:01:27", "text": "pertaining uh to what the rest of the"}, {"start": "00:01:23", "end": "00:01:31", "text": "year would essentially be."}, {"start": "00:01:27", "end": "00:01:32", "text": "As world events continue to"}, {"start": "00:01:31", "end": "00:01:33", "text": ">> [clears throat]"}, {"start": "00:01:32", "end": "00:01:39", "text": ">> unfold"}, {"start": "00:01:33", "end": "00:01:42", "text": "and as we see potential"}, {"start": "00:01:39", "end": "00:01:45", "text": "earth-shattering news revolving around"}, {"start": "00:01:42", "end": "00:01:49", "text": "what the Fed is going to do, uh because"}, {"start": "00:01:45", "end": "00:01:51", "text": "this is is it, the expectation was a"}, {"start": "00:01:49", "end": "00:01:53", "text": "lowering of interest rates."}, {"start": "00:01:51", "end": "00:01:55", "text": "And now we're getting a lot of reports,"}, {"start": "00:01:53", "end": "00:01:56", "text": "if you haven't seen them"}, {"start": "00:01:55", "end": "00:01:58", "text": ">> [clears throat]"}, {"start": "00:01:56", "end": "00:01:59", "text": ">> in traditional financial news,"}, {"start": "00:01:58", "end": "00:02:02", "text": "uh there's a lot of stuff floating"}, {"start": "00:01:59", "end": "00:02:05", "text": "around that the Fed might either"}, {"start": "00:02:02", "end": "00:02:07", "text": "raise interest rates because inflation"}, {"start": "00:02:05", "end": "00:02:10", "text": "is completely"}, {"start": "00:02:07", "end": "00:02:12", "text": "out of control,"}, {"start": "00:02:10", "end": "00:02:14", "text": "or that we might see interest rates"}, {"start": "00:02:12", "end": "00:02:16", "text": "remain the same."}, {"start": "00:02:14", "end": "00:02:19", "text": "Uh remaining the same and going up are"}, {"start": "00:02:16", "end": "00:02:21", "text": "both going to have detrimental effects"}, {"start": "00:02:19", "end": "00:02:27", "text": "to world markets, but"}, {"start": "00:02:21", "end": "00:02:29", "text": "with inflation being well above 3.9%"}, {"start": "00:02:27", "end": "00:02:30", "text": "or whatever the heck they keep telling"}, {"start": "00:02:29", "end": "00:02:32", "text": "us,"}, {"start": "00:02:30", "end": "00:02:35", "text": "cuz everything keeps uh either doubling"}, {"start": "00:02:32", "end": "00:02:36", "text": "in price or going up by like 30% every"}, {"start": "00:02:35", "end": "00:02:39", "text": "single year,"}, {"start": "00:02:36", "end": "00:02:42", "text": "in order to reel in inflation"}, {"start": "00:02:39", "end": "00:02:43", "text": "and make things not so insane, you'd"}, {"start": "00:02:42", "end": "00:02:48", "text": "have to keep interest rates at the"}, {"start": "00:02:43", "end": "00:02:49", "text": "current level and or raise them. On top"}, {"start": "00:02:48", "end": "00:02:51", "text": "of that,"}, {"start": "00:02:49", "end": "00:02:54", "text": "we're getting a lot of news still about"}, {"start": "00:02:51", "end": "00:02:57", "text": "uh companies buying large amounts of"}, {"start": "00:02:54", "end": "00:02:59", "text": "Bitcoin, buying lots of ether,"}, {"start": "00:02:57", "end": "00:03:02", "text": "even in betwixt all the news about"}, {"start": "00:02:59", "end": "00:03:05", "text": "MicroStrategy and their"}, {"start": "00:03:02", "end": "00:03:07", "text": "current levels of buying, that's also or"}, {"start": "00:03:05", "end": "00:03:09", "text": "rather selling."}, {"start": "00:03:07", "end": "00:03:11", "text": "Excuse me. That's also kind of morphed"}, {"start": "00:03:09", "end": "00:03:15", "text": "into this thing, if you didn't see,"}, {"start": "00:03:11", "end": "00:03:17", "text": "where Michael Saylor is like re-showing"}, {"start": "00:03:15", "end": "00:03:20", "text": "his conviction to the movement and how"}, {"start": "00:03:17", "end": "00:03:23", "text": "much he loves Bitcoin and and crypto's"}, {"start": "00:03:20", "end": "00:03:25", "text": "so awesome and all these other kinds of"}, {"start": "00:03:23", "end": "00:03:27", "text": "things."}, {"start": "00:03:25", "end": "00:03:28", "text": "The other things are are They're They're"}, {"start": "00:03:27", "end": "00:03:32", "text": "still They're still moving in the right"}, {"start": "00:03:28", "end": "00:03:35", "text": "direction. Uh stablecoin news is more"}, {"start": "00:03:32", "end": "00:03:36", "text": "stable than ever. Boom boom ch. Um we're"}, {"start": "00:03:35", "end": "00:03:39", "text": "getting a lot of news about companies"}, {"start": "00:03:36", "end": "00:03:41", "text": "who are beginning to use stablecoins,"}, {"start": "00:03:39", "end": "00:03:42", "text": "different chains. They love the crypto"}, {"start": "00:03:41", "end": "00:03:44", "text": "market."}, {"start": "00:03:42", "end": "00:03:45", "text": "Tying"}, {"start": "00:03:44", "end": "00:03:50", "text": ">> [sighs]"}, {"start": "00:03:45", "end": "00:03:54", "text": ">> heavily into news about interest rates,"}, {"start": "00:03:50", "end": "00:03:57", "text": "two of the catalysts"}, {"start": "00:03:54", "end": "00:03:58", "text": "that were supposed to happen, activate,"}, {"start": "00:03:57", "end": "00:04:00", "text": "pop off,"}, {"start": "00:03:58", "end": "00:04:03", "text": "if you will,"}, {"start": "00:04:00", "end": "00:04:06", "text": "in order to get us to a 250,000,"}, {"start": "00:04:03", "end": "00:04:08", "text": "almost said million, $250,000"}, {"start": "00:04:06", "end": "00:04:08", "text": "Bitcoin by the end of the year,"}, {"start": "00:04:08", "end": "00:04:12", "text": ">> [snorts]"}, {"start": "00:04:08", "end": "00:04:14", "text": ">> was the idea of a continuation of"}, {"start": "00:04:12", "end": "00:04:16", "text": "lowered interest rates through the"}, {"start": "00:04:14", "end": "00:04:18", "text": "course of 2026,"}, {"start": "00:04:16", "end": "00:04:21", "text": "and"}, {"start": "00:04:18", "end": "00:04:23", "text": "the Clarity Act. The Clarity Act, for"}, {"start": "00:04:21", "end": "00:04:26", "text": "those of you who haven't seen, is"}, {"start": "00:04:23", "end": "00:04:29", "text": "supposed to be the legislative piece of"}, {"start": "00:04:26", "end": "00:04:31", "text": "papers, cuz it's like 900 pages,"}, {"start": "00:04:29", "end": "00:04:34", "text": "that would give proper clarity and"}, {"start": "00:04:31", "end": "00:04:37", "text": "regulation to companies and everything"}, {"start": "00:04:34", "end": "00:04:39", "text": "within the cryptocurrency space,"}, {"start": "00:04:37", "end": "00:04:42", "text": "to let them know exactly what they can"}, {"start": "00:04:39", "end": "00:04:44", "text": "and cannot do within this market."}, {"start": "00:04:42", "end": "00:04:47", "text": "Previously, we heard that this would"}, {"start": "00:04:44", "end": "00:04:49", "text": "pass around March, and then we heard"}, {"start": "00:04:47", "end": "00:04:53", "text": "April, May, 1 month."}, {"start": "00:04:49", "end": "00:04:54", "text": "Then we heard about June, some optimism."}, {"start": "00:04:53", "end": "00:04:56", "text": "Then we heard"}, {"start": "00:04:54", "end": "00:04:59", "text": "that they were aiming for the 4th of"}, {"start": "00:04:56", "end": "00:05:02", "text": "July. Sure, why not? And then that"}, {"start": "00:04:59", "end": "00:05:05", "text": "transformed currently into sometime"}, {"start": "00:05:02", "end": "00:05:05", "text": "around August."}, {"start": "00:05:06", "end": "00:05:10", "text": "So, it's not looking too likely that"}, {"start": "00:05:08", "end": "00:05:13", "text": "we're actually going to get this passed,"}, {"start": "00:05:10", "end": "00:05:15", "text": "unless"}, {"start": "00:05:13", "end": "00:05:17", "text": "behind the scenes"}, {"start": "00:05:15", "end": "00:05:20", "text": "something's taking place that we are not"}, {"start": "00:05:17", "end": "00:05:26", "text": "a part of that is going to cause this to"}, {"start": "00:05:20", "end": "00:05:26", "text": "actually become law. So,"}, {"start": "00:05:27", "end": "00:05:31", "text": "in what I would dare say is"}, {"start": "00:05:30", "end": "00:05:35", "text": ">> [clears throat]"}, {"start": "00:05:31", "end": "00:05:37", "text": ">> quite popular news, I do not know how"}, {"start": "00:05:35", "end": "00:05:39", "text": "this got mixed up. We're going to I"}, {"start": "00:05:37", "end": "00:05:42", "text": "listen, you'll see exactly what the"}, {"start": "00:05:39", "end": "00:05:45", "text": "fudge I'm talking about, because I saw"}, {"start": "00:05:42", "end": "00:05:48", "text": "it and I was like, what? What what what"}, {"start": "00:05:45", "end": "00:05:49", "text": "what are you talking about?"}, {"start": "00:05:48", "end": "00:05:53", "text": "So,"}, {"start": "00:05:49", "end": "00:05:56", "text": "the Clarity Act has apparently landed,"}, {"start": "00:05:53", "end": "00:06:00", "text": "if you will, on the Senate calendar. I"}, {"start": "00:05:56", "end": "00:06:02", "text": "believe I believe"}, {"start": "00:06:00", "end": "00:06:03", "text": "it went through Was it Congress already?"}, {"start": "00:06:02", "end": "00:06:05", "text": "It went through one of the steps."}, {"start": "00:06:03", "end": "00:06:07", "text": "Then it has to go through another one,"}, {"start": "00:06:05", "end": "00:06:11", "text": "and then it finally goes to the"}, {"start": "00:06:07", "end": "00:06:12", "text": "president's desk to be signed."}, {"start": "00:06:11", "end": "00:06:14", "text": "Here Here Here we go. You'll You'll see"}, {"start": "00:06:12", "end": "00:06:17", "text": "what's happening."}, {"start": "00:06:14", "end": "00:06:19", "text": "It says the Clarity Act lands on the"}, {"start": "00:06:17", "end": "00:06:21", "text": "Senate calendar,"}, {"start": "00:06:19", "end": "00:06:25", "text": "and the article says,"}, {"start": "00:06:21", "end": "00:06:27", "text": "\"Bringing XRP closer to long-awaited"}, {"start": "00:06:25", "end": "00:06:31", "text": "regulatory certainty.\""}, {"start": "00:06:27", "end": "00:06:33", "text": "So, as you might have imagined, XRP has"}, {"start": "00:06:31", "end": "00:06:37", "text": "entangled itself further into the"}, {"start": "00:06:33", "end": "00:06:41", "text": "conversation on the idea that, from what"}, {"start": "00:06:37", "end": "00:06:44", "text": "we, the public, have heard,"}, {"start": "00:06:41", "end": "00:06:44", "text": "is that allegedly,"}, {"start": "00:06:44", "end": "00:06:47", "text": ">> [gasps]"}, {"start": "00:06:44", "end": "00:06:50", "text": ">> uh dozens"}, {"start": "00:06:47", "end": "00:06:53", "text": "plus banks within the United States"}, {"start": "00:06:50", "end": "00:06:56", "text": "have already been working with Ripple,"}, {"start": "00:06:53", "end": "00:06:58", "text": "the company, for some time now."}, {"start": "00:06:56", "end": "00:07:00", "text": "And apparently, they need the Clarity"}, {"start": "00:06:58", "end": "00:07:01", "text": "Act to happen"}, {"start": "00:07:00", "end": "00:07:04", "text": "to be able"}, {"start": "00:07:01", "end": "00:07:06", "text": "to come out in the open and say, \"We've"}, {"start": "00:07:04", "end": "00:07:09", "text": "not only been working with Ripple, but"}, {"start": "00:07:06", "end": "00:07:11", "text": "we're using XRP, and Clarity Act has"}, {"start": "00:07:09", "end": "00:07:13", "text": "caused all of this magicalness to"}, {"start": "00:07:11", "end": "00:07:15", "text": "happen.\""}, {"start": "00:07:13", "end": "00:07:18", "text": "That is literally"}, {"start": "00:07:15", "end": "00:07:20", "text": "what the public"}, {"start": "00:07:18", "end": "00:07:23", "text": "is currently"}, {"start": "00:07:20", "end": "00:07:26", "text": "assuming will take place."}, {"start": "00:07:23", "end": "00:07:30", "text": "The Digital Asset Market Clarity Act has"}, {"start": "00:07:26", "end": "00:07:32", "text": "moved another step forward in Washington"}, {"start": "00:07:30", "end": "00:07:34", "text": "after being placed on the US Senate"}, {"start": "00:07:32", "end": "00:07:38", "text": "legislative calendar,"}, {"start": "00:07:34", "end": "00:07:41", "text": "signaling that a full floor vote"}, {"start": "00:07:38", "end": "00:07:43", "text": "could be on the horizon"}, {"start": "00:07:41", "end": "00:07:45", "text": "in the coming months."}, {"start": "00:07:43", "end": "00:07:47", "text": "And um da da da da"}, {"start": "00:07:45", "end": "00:07:51", "text": "And here's someone right here. This"}, {"start": "00:07:47", "end": "00:07:54", "text": "person often posts on Twitter about XRP"}, {"start": "00:07:51", "end": "00:07:56", "text": "uh quite frequently, and they wrote,"}, {"start": "00:07:54", "end": "00:07:57", "text": "\"The Clarity Act has officially been"}, {"start": "00:07:56", "end": "00:08:01", "text": "added to the Senate legislative"}, {"start": "00:07:57", "end": "00:08:04", "text": "calendar, HR 3633,"}, {"start": "00:08:01", "end": "00:08:07", "text": "Digital Asset Market Clarity Act of"}, {"start": "00:08:04", "end": "00:08:09", "text": "Congress of 2025,"}, {"start": "00:08:07", "end": "00:08:13", "text": "119th Congress.\" And then here's the"}, {"start": "00:08:09", "end": "00:08:14", "text": "bill and who it's headed by."}, {"start": "00:08:13", "end": "00:08:15", "text": ">> [clears throat]"}, {"start": "00:08:14", "end": "00:08:19", "text": ">> Yada yada."}, {"start": "00:08:15", "end": "00:08:20", "text": "Uh so, this is why it made popular news."}, {"start": "00:08:19", "end": "00:08:24", "text": "They wrote,"}, {"start": "00:08:20", "end": "00:08:26", "text": "\"How quickly can banks use XRP once the"}, {"start": "00:08:24", "end": "00:08:30", "text": "Clarity Act is implemented?"}, {"start": "00:08:26", "end": "00:08:33", "text": "Full implementation, including testing,"}, {"start": "00:08:30", "end": "00:08:37", "text": "two to three months."}, {"start": "00:08:33", "end": "00:08:39", "text": "In some cases, as fast as three weeks.\""}, {"start": "00:08:37", "end": "00:08:42", "text": "Listen closely, and then there's little"}, {"start": "00:08:39", "end": "00:08:46", "text": "video attached to it as well. So, from"}, {"start": "00:08:42", "end": "00:08:48", "text": "what we have heard,"}, {"start": "00:08:46", "end": "00:08:51", "text": "the Clarity Act, from what we have"}, {"start": "00:08:48", "end": "00:08:54", "text": "received, is meant to be"}, {"start": "00:08:51", "end": "00:08:56", "text": "clarity for the crypto space, but the"}, {"start": "00:08:54", "end": "00:08:58", "text": "bulk of it is meant to revolve around"}, {"start": "00:08:56", "end": "00:09:00", "text": "stablecoins."}, {"start": "00:08:58", "end": "00:09:03", "text": "Companies using stablecoins, who can"}, {"start": "00:09:00", "end": "00:09:05", "text": "issue it. This leads into the Facebook"}, {"start": "00:09:03", "end": "00:09:07", "text": "coin, the Walmart coin,"}, {"start": "00:09:05", "end": "00:09:10", "text": "all those things."}, {"start": "00:09:07", "end": "00:09:11", "text": "The last 10 days,"}, {"start": "00:09:10", "end": "00:09:14", "text": ">> [clears throat]"}, {"start": "00:09:11", "end": "00:09:16", "text": ">> there seems to now be a"}, {"start": "00:09:14", "end": "00:09:19", "text": "a relative cohort"}, {"start": "00:09:16", "end": "00:09:24", "text": "of people who are throwing"}, {"start": "00:09:19", "end": "00:09:27", "text": "around the idea that XRP is kind of"}, {"start": "00:09:24", "end": "00:09:29", "text": "the only thing that the Clarity Act"}, {"start": "00:09:27", "end": "00:09:33", "text": "clarifies."}, {"start": "00:09:29", "end": "00:09:35", "text": "And this is why it made popular news."}, {"start": "00:09:33", "end": "00:09:37", "text": "Floating around right now"}, {"start": "00:09:35", "end": "00:09:39", "text": "is news that because it's on the Senate"}, {"start": "00:09:37", "end": "00:09:41", "text": "calendar"}, {"start": "00:09:39", "end": "00:09:43", "text": "that the vote for it could be soon. If"}, {"start": "00:09:41", "end": "00:09:45", "text": "that happens soon, then apparently all"}, {"start": "00:09:43", "end": "00:09:48", "text": "the banks behind the scenes who are"}, {"start": "00:09:45", "end": "00:09:53", "text": "looking to use XRP would then be able to"}, {"start": "00:09:48", "end": "00:09:54", "text": "clarity use it or something like that."}, {"start": "00:09:53", "end": "00:09:58", "text": "Um"}, {"start": "00:09:54", "end": "00:10:00", "text": "I personally"}, {"start": "00:09:58", "end": "00:10:04", "text": "kind of assume"}, {"start": "00:10:00", "end": "00:10:07", "text": "that the future of of XRP and the XRP"}, {"start": "00:10:04", "end": "00:10:10", "text": "ledger uh is kind of resting on the"}, {"start": "00:10:07", "end": "00:10:12", "text": "shoulders of their stablecoin"}, {"start": "00:10:10", "end": "00:10:15", "text": "similar to the future of Ethereum and"}, {"start": "00:10:12", "end": "00:10:17", "text": "polygon"}, {"start": "00:10:15", "end": "00:10:18", "text": "resting on at least this is what we're"}, {"start": "00:10:17", "end": "00:10:20", "text": "hearing."}, {"start": "00:10:18", "end": "00:10:24", "text": "Resting heavily on the shoulders of"}, {"start": "00:10:20", "end": "00:10:25", "text": "implementation of usage of uh their"}, {"start": "00:10:24", "end": "00:10:28", "text": "their you know their stablecoins and"}, {"start": "00:10:25", "end": "00:10:30", "text": "their chain for central bank digital"}, {"start": "00:10:28", "end": "00:10:34", "text": "currencies. Um"}, {"start": "00:10:30", "end": "00:10:37", "text": "we'll see what happens, but um if you"}, {"start": "00:10:34", "end": "00:10:40", "text": "also haven't seen the news and I say it"}, {"start": "00:10:37", "end": "00:10:42", "text": "this way, I think it holds a bit of"}, {"start": "00:10:40", "end": "00:10:45", "text": "weight"}, {"start": "00:10:42", "end": "00:10:45", "text": "if you will."}, {"start": "00:10:45", "end": "00:10:49", "text": "Uh"}, {"start": "00:10:46", "end": "00:10:52", "text": "just about every single bank"}, {"start": "00:10:49", "end": "00:10:56", "text": "and every single institution"}, {"start": "00:10:52", "end": "00:10:59", "text": "kind of assumes that we're not"}, {"start": "00:10:56", "end": "00:11:01", "text": "potentially going to see the Clarity Act"}, {"start": "00:10:59", "end": "00:11:05", "text": "at all this year."}, {"start": "00:11:01", "end": "00:11:06", "text": "I don't know if you saw what's her name?"}, {"start": "00:11:05", "end": "00:11:08", "text": "Jennifer"}, {"start": "00:11:06", "end": "00:11:12", "text": "McMichaels, what's her name?"}, {"start": "00:11:08", "end": "00:11:13", "text": "Click Clarenk Clarity woman. I'm going"}, {"start": "00:11:12", "end": "00:11:16", "text": "to get it. I'm going to get it. Cynthia"}, {"start": "00:11:13", "end": "00:11:18", "text": "Lummis named it. Yes. Cynthia Lummis."}, {"start": "00:11:16", "end": "00:11:21", "text": "Cynthia Lummis was in the news a couple"}, {"start": "00:11:18", "end": "00:11:25", "text": "of days ago basically shouting at the"}, {"start": "00:11:21", "end": "00:11:27", "text": "top of her lungs that if the Clarity Act"}, {"start": "00:11:25", "end": "00:11:31", "text": "doesn't pass within the next like month"}, {"start": "00:11:27", "end": "00:11:35", "text": "or two the next time that we'd be able"}, {"start": "00:11:31", "end": "00:11:38", "text": "to see it would be the year 2030."}, {"start": "00:11:35", "end": "00:11:40", "text": "Uh two things, politicians, especially"}, {"start": "00:11:38", "end": "00:11:40", "text": "within the states,"}, {"start": "00:11:40", "end": "00:11:42", "text": ">> [clears throat]"}, {"start": "00:11:40", "end": "00:11:45", "text": ">> they often want"}, {"start": "00:11:42", "end": "00:11:47", "text": "the laws that they're trying to push to"}, {"start": "00:11:45", "end": "00:11:49", "text": "get through to go through because they"}, {"start": "00:11:47", "end": "00:11:51", "text": "want their name stamped on it, like"}, {"start": "00:11:49", "end": "00:11:53", "text": "historically. It means almost nothing to"}, {"start": "00:11:51", "end": "00:11:55", "text": "the public,"}, {"start": "00:11:53", "end": "00:11:58", "text": "but to politicians, they want to be able"}, {"start": "00:11:55", "end": "00:12:00", "text": "to say, \"Back in 1923,"}, {"start": "00:11:58", "end": "00:12:03", "text": "my name was on that I got that bill"}, {"start": "00:12:00", "end": "00:12:04", "text": "passed.\" Sure, pat yourself on the back."}, {"start": "00:12:03", "end": "00:12:06", "text": "To the public, it means almost nothing."}, {"start": "00:12:04", "end": "00:12:10", "text": "No one cares whose name is on it as long"}, {"start": "00:12:06", "end": "00:12:14", "text": "as we actually get it. Uh secondly, um"}, {"start": "00:12:10", "end": "00:12:16", "text": "it would appear that because of the"}, {"start": "00:12:14", "end": "00:12:18", "text": "pushback from banks and other"}, {"start": "00:12:16", "end": "00:12:21", "text": "institutions,"}, {"start": "00:12:18", "end": "00:12:25", "text": "and that they might win because they"}, {"start": "00:12:21", "end": "00:12:26", "text": "have a lot of the money. And therefore,"}, {"start": "00:12:25", "end": "00:12:28", "text": "we might have to wait a couple of years"}, {"start": "00:12:26", "end": "00:12:29", "text": "to get the Clarity Act. The"}, {"start": "00:12:28", "end": "00:12:31", "text": ">> [cough]"}, {"start": "00:12:29", "end": "00:12:32", "text": ">> And it's not fearmongering so much as"}, {"start": "00:12:31", "end": "00:12:34", "text": "like"}, {"start": "00:12:32", "end": "00:12:36", "text": "vote-mongering."}, {"start": "00:12:34", "end": "00:12:39", "text": "Uh we don't need the Clarity Act. We've"}, {"start": "00:12:36", "end": "00:12:40", "text": "never needed the Clarity Act. We can And"}, {"start": "00:12:39", "end": "00:12:41", "text": "listen, listen, listen, listen, listen,"}, {"start": "00:12:40", "end": "00:12:42", "text": "listen."}, {"start": "00:12:41", "end": "00:12:44", "text": ">> [clears throat]"}, {"start": "00:12:42", "end": "00:12:46", "text": ">> There's a constant misconception in"}, {"start": "00:12:44", "end": "00:12:48", "text": "crypto. We've been going over this."}, {"start": "00:12:46", "end": "00:12:51", "text": "That something needs to happen in order"}, {"start": "00:12:48", "end": "00:12:54", "text": "for us to be happy."}, {"start": "00:12:51", "end": "00:12:56", "text": "So, we're constantly told, if I if if my"}, {"start": "00:12:54", "end": "00:13:00", "text": "chain doesn't have,"}, {"start": "00:12:56", "end": "00:13:02", "text": "you know, this, then I I I can't. If my"}, {"start": "00:13:00", "end": "00:13:04", "text": "chain does if my if my coin doesn't have"}, {"start": "00:13:02", "end": "00:13:06", "text": "ETFs, my coin is going nowhere. If my"}, {"start": "00:13:04", "end": "00:13:07", "text": "coin doesn't have futures, it's not"}, {"start": "00:13:06", "end": "00:13:09", "text": "going anywhere. If you can't have a"}, {"start": "00:13:07", "end": "00:13:11", "text": "security token offering or your coin is"}, {"start": "00:13:09", "end": "00:13:15", "text": "not going anywhere. If if if if"}, {"start": "00:13:11", "end": "00:13:16", "text": "BlackRock doesn't have a an an ETF for"}, {"start": "00:13:15", "end": "00:13:18", "text": "your coin, your coin's not going It's"}, {"start": "00:13:16", "end": "00:13:21", "text": "constant. We're constantly being pushed"}, {"start": "00:13:18", "end": "00:13:25", "text": "into this corner of my coin can't do"}, {"start": "00:13:21", "end": "00:13:26", "text": "anything because this mega institution"}, {"start": "00:13:25", "end": "00:13:27", "text": "isn't using it,"}, {"start": "00:13:26", "end": "00:13:30", "text": ">> [clears throat]"}, {"start": "00:13:27", "end": "00:13:31", "text": ">> or because we don't have some piece of"}, {"start": "00:13:30", "end": "00:13:33", "text": "legislation."}, {"start": "00:13:31", "end": "00:13:34", "text": "Do you know what would work just as"}, {"start": "00:13:33", "end": "00:13:35", "text": "well?"}, {"start": "00:13:34", "end": "00:13:40", "text": "The the the the main thing behind the"}, {"start": "00:13:35", "end": "00:13:43", "text": "Clarity Act has to do with um yield for"}, {"start": "00:13:40", "end": "00:13:45", "text": "stable coins. It means almost nothing to"}, {"start": "00:13:43", "end": "00:13:47", "text": "the minds of of many investors or normal"}, {"start": "00:13:45", "end": "00:13:51", "text": "people, but it means everything to"}, {"start": "00:13:47", "end": "00:13:55", "text": "banks. So, they don't want Facebook coin"}, {"start": "00:13:51", "end": "00:13:57", "text": "or Uber coin or Walmart coin to be able"}, {"start": "00:13:55", "end": "00:13:58", "text": "to give you"}, {"start": "00:13:57", "end": "00:14:02", "text": "money back at the end of the year"}, {"start": "00:13:58", "end": "00:14:04", "text": "because banks refuse to do that now."}, {"start": "00:14:02", "end": "00:14:06", "text": "Everyone still with me?"}, {"start": "00:14:04", "end": "00:14:08", "text": "So, the general idea is is that that's"}, {"start": "00:14:06", "end": "00:14:09", "text": "literally what's holding up the Clarity"}, {"start": "00:14:08", "end": "00:14:11", "text": "Act."}, {"start": "00:14:09", "end": "00:14:14", "text": "It's because these bills are often"}, {"start": "00:14:11", "end": "00:14:15", "text": "hundreds of pages long when they don't"}, {"start": "00:14:14", "end": "00:14:18", "text": "need to be."}, {"start": "00:14:15", "end": "00:14:20", "text": "There could A"}, {"start": "00:14:18", "end": "00:14:22", "text": "If we don't get the Clarity Act, we're"}, {"start": "00:14:20", "end": "00:14:24", "text": "going to be fine. Cryptocurrency"}, {"start": "00:14:22", "end": "00:14:25", "text": "companies are in the space already."}, {"start": "00:14:24", "end": "00:14:28", "text": "They'll continue accumulating and"}, {"start": "00:14:25", "end": "00:14:31", "text": "they'll figure out something. Or B, if"}, {"start": "00:14:28", "end": "00:14:33", "text": "the Clarity Act doesn't get passed, you"}, {"start": "00:14:31", "end": "00:14:38", "text": "know what probably would get passed?"}, {"start": "00:14:33", "end": "00:14:38", "text": "Like a 15-page bill instead."}, {"start": "00:14:38", "end": "00:14:42", "text": "Make a Make a Make a bill that doesn't"}, {"start": "00:14:40", "end": "00:14:44", "text": "have hundreds of pages"}, {"start": "00:14:42", "end": "00:14:46", "text": "that says companies are allowed to do"}, {"start": "00:14:44", "end": "00:14:49", "text": "this with these coins."}, {"start": "00:14:46", "end": "00:14:51", "text": "These coins are considered securities"}, {"start": "00:14:49", "end": "00:14:53", "text": "based off of these these metrics. That's"}, {"start": "00:14:51", "end": "00:14:55", "text": "one page. These coins are considered"}, {"start": "00:14:53", "end": "00:14:58", "text": "commodities based off of this on one"}, {"start": "00:14:55", "end": "00:15:00", "text": "page. If companies wish to issue a"}, {"start": "00:14:58", "end": "00:15:03", "text": "stable coin, they can do so by"}, {"start": "00:15:00", "end": "00:15:05", "text": "registering with this so-and-so. Any"}, {"start": "00:15:03", "end": "00:15:08", "text": "company looking to custody crypto,"}, {"start": "00:15:05", "end": "00:15:09", "text": "looking to hold crypto, looking to sell"}, {"start": "00:15:08", "end": "00:15:14", "text": "it to their clients, you can do so if"}, {"start": "00:15:09", "end": "00:15:14", "text": "you talk to this regulatory body."}, {"start": "00:15:14", "end": "00:15:18", "text": "Problem solved."}, {"start": "00:15:17", "end": "00:15:21", "text": "So,"}, {"start": "00:15:18", "end": "00:15:23", "text": "um a number of banks, as I said before,"}, {"start": "00:15:21", "end": "00:15:27", "text": "do not think that this is going to pass"}, {"start": "00:15:23", "end": "00:15:29", "text": "just in general because it's taking a"}, {"start": "00:15:27", "end": "00:15:31", "text": "very long time. If you If you didn't"}, {"start": "00:15:29", "end": "00:15:34", "text": "even see before, if you didn't see what"}, {"start": "00:15:31", "end": "00:15:36", "text": "was inside the genius act, normal people"}, {"start": "00:15:34", "end": "00:15:39", "text": "don't read these things. I think it was"}, {"start": "00:15:36", "end": "00:15:42", "text": "like almost 700 pages, if not more."}, {"start": "00:15:39", "end": "00:15:44", "text": "And in between actual like stuff,"}, {"start": "00:15:42", "end": "00:15:45", "text": "there's just nonsense thrown into it"}, {"start": "00:15:44", "end": "00:15:46", "text": "because"}, {"start": "00:15:45", "end": "00:15:49", "text": "you ever seen the"}, {"start": "00:15:46", "end": "00:15:53", "text": "the show House of Cards? Watch it."}, {"start": "00:15:49", "end": "00:15:55", "text": "Uh within each bill, people always slide"}, {"start": "00:15:53", "end": "00:15:57", "text": "in additional pieces of paper that"}, {"start": "00:15:55", "end": "00:16:00", "text": "benefits them and their friends. This is"}, {"start": "00:15:57", "end": "00:16:03", "text": "really how it works. So, for the Clarity"}, {"start": "00:16:00", "end": "00:16:05", "text": "Act, for the Genius Act, in between,"}, {"start": "00:16:03", "end": "00:16:08", "text": "there there will be certain amendments"}, {"start": "00:16:05", "end": "00:16:10", "text": "and certain things that say like, \"Well,"}, {"start": "00:16:08", "end": "00:16:15", "text": "you know, on this so-and-so, banks now"}, {"start": "00:16:10", "end": "00:16:17", "text": "have to pay 0.5% less taxes. Or if this"}, {"start": "00:16:15", "end": "00:16:19", "text": "is happening with capital gains and you"}, {"start": "00:16:17", "end": "00:16:21", "text": "happen to be in this part of the world,"}, {"start": "00:16:19", "end": "00:16:23", "text": "then your taxes are actually lower than"}, {"start": "00:16:21", "end": "00:16:26", "text": "they would be if you were in the United"}, {"start": "00:16:23", "end": "00:16:27", "text": "States.\" That's what these bills usually"}, {"start": "00:16:26", "end": "00:16:30", "text": "are comprised of, but the general"}, {"start": "00:16:27", "end": "00:16:33", "text": "public, once again, doesn't read any of"}, {"start": "00:16:30", "end": "00:16:37", "text": "these things. So, as of now,"}, {"start": "00:16:33", "end": "00:16:40", "text": "it looks like we might not"}, {"start": "00:16:37", "end": "00:16:42", "text": "might not get the actual Clarity Act."}, {"start": "00:16:40", "end": "00:16:44", "text": "I can assure you here and now the"}, {"start": "00:16:42", "end": "00:16:46", "text": "cryptocurrency space"}, {"start": "00:16:44", "end": "00:16:48", "text": "will be just"}, {"start": "00:16:46", "end": "00:16:49", "text": "fine."}, {"start": "00:16:48", "end": "00:16:50", "text": "For those of you not looking at the"}, {"start": "00:16:49", "end": "00:16:51", "text": "screen,"}, {"start": "00:16:50", "end": "00:16:54", "text": ">> [clears throat]"}, {"start": "00:16:51", "end": "00:16:56", "text": ">> it says, \"JP Morgan"}, {"start": "00:16:54", "end": "00:16:59", "text": "said the chances of the US crypto market"}, {"start": "00:16:56", "end": "00:17:01", "text": "structure bill known as the Clarity Act"}, {"start": "00:16:59", "end": "00:17:03", "text": "passing Congress this year have"}, {"start": "00:17:01", "end": "00:17:05", "text": "diminished.\""}, {"start": "00:17:03", "end": "00:17:07", "text": "Coinbase reported that JP Morgan said in"}, {"start": "00:17:05", "end": "00:17:09", "text": "a report the bill is unlikely to clear"}, {"start": "00:17:07", "end": "00:17:11", "text": "Congress this year."}, {"start": "00:17:09", "end": "00:17:13", "text": "The bank said the approaching US midterm"}, {"start": "00:17:11", "end": "00:17:15", "text": "elections are narrowing the legislative"}, {"start": "00:17:13", "end": "00:17:17", "text": "window for advancing the measure."}, {"start": "00:17:15", "end": "00:17:20", "text": "This could delay progress on crypto"}, {"start": "00:17:17", "end": "00:17:21", "text": "market structure reform this year."}, {"start": "00:17:20", "end": "00:17:22", "text": ">> [clears throat and cough]"}, {"start": "00:17:21", "end": "00:17:24", "text": ">> So,"}, {"start": "00:17:22", "end": "00:17:28", "text": "sure."}, {"start": "00:17:24", "end": "00:17:30", "text": "We um what's the word?"}, {"start": "00:17:28", "end": "00:17:32", "text": "Didn't know what a Clarity Act was 2"}, {"start": "00:17:30", "end": "00:17:34", "text": "years ago."}, {"start": "00:17:32", "end": "00:17:37", "text": "I'm sure we'll be just fine if we don't"}, {"start": "00:17:34", "end": "00:17:39", "text": "get it. The Clarity Act doesn't uh stop"}, {"start": "00:17:37", "end": "00:17:42", "text": "companies from accumulating crypto, from"}, {"start": "00:17:39", "end": "00:17:44", "text": "ho- from hoarding it, from buying it,"}, {"start": "00:17:42", "end": "00:17:46", "text": "from custodying it. It doesn't slow down"}, {"start": "00:17:44", "end": "00:17:48", "text": "ETFs at all."}, {"start": "00:17:46", "end": "00:17:52", "text": "If this doesn't get passed, and I and I"}, {"start": "00:17:48", "end": "00:17:53", "text": "use this this term very nicely,"}, {"start": "00:17:52", "end": "00:17:55", "text": "you know that this was a bunch of"}, {"start": "00:17:53", "end": "00:17:57", "text": "malarkey. I was going to use other"}, {"start": "00:17:55", "end": "00:17:59", "text": "words, but I'll say malarkey. Uh just"}, {"start": "00:17:57", "end": "00:18:02", "text": "simply because once again, just create"}, {"start": "00:17:59", "end": "00:18:04", "text": "another quick bill that can be easily"}, {"start": "00:18:02", "end": "00:18:09", "text": "read by everyone, that actually"}, {"start": "00:18:04", "end": "00:18:09", "text": "clarifies everything in crypto."}, {"start": "00:18:10", "end": "00:18:12", "text": "That would get passed very easily, and"}, {"start": "00:18:11", "end": "00:18:14", "text": "then we wouldn't have to deal with this"}, {"start": "00:18:12", "end": "00:18:15", "text": "anymore."}, {"start": "00:18:14", "end": "00:18:19", "text": "So,"}, {"start": "00:18:15", "end": "00:18:20", "text": "that's the Clarity Act news. We'll see"}, {"start": "00:18:19", "end": "00:18:22", "text": "what happens with it. And I And I mean,"}, {"start": "00:18:20", "end": "00:18:25", "text": "here's the"}, {"start": "00:18:22", "end": "00:18:26", "text": "here's the craziest part."}, {"start": "00:18:25", "end": "00:18:27", "text": "In about"}, {"start": "00:18:26", "end": "00:18:30", "text": "40,"}, {"start": "00:18:27", "end": "00:18:32", "text": "maybe 40 to 50 days,"}, {"start": "00:18:30", "end": "00:18:34", "text": "we should know if the Fed is lowering,"}, {"start": "00:18:32", "end": "00:18:35", "text": "raising, or keeping interest rates the"}, {"start": "00:18:34", "end": "00:18:37", "text": "same."}, {"start": "00:18:35", "end": "00:18:39", "text": "Either one is going to send markets in"}, {"start": "00:18:37", "end": "00:18:42", "text": "in in in into a a tizzy."}, {"start": "00:18:39", "end": "00:18:45", "text": "And we should know explicitly"}, {"start": "00:18:42", "end": "00:18:48", "text": "past the 4th of July if this thing"}, {"start": "00:18:45", "end": "00:18:51", "text": "actually ended up being signed."}, {"start": "00:18:48", "end": "00:18:51", "text": "Okay-dokey."}, {"start": "00:18:52", "end": "00:18:55", "text": "Let's move on."}, {"start": "00:18:56", "end": "00:19:00", "text": "I'm actually quite shocked"}, {"start": "00:18:58", "end": "00:19:01", "text": "that this thing wasn't uh more popular."}, {"start": "00:19:00", "end": "00:19:04", "text": "This is"}, {"start": "00:19:01", "end": "00:19:06", "text": "quite big news. I've been waiting for"}, {"start": "00:19:04", "end": "00:19:09", "text": "these things to begin to uh properly"}, {"start": "00:19:06", "end": "00:19:13", "text": "launch for a while now."}, {"start": "00:19:09", "end": "00:19:18", "text": "I I I previously stated uh we were"}, {"start": "00:19:13", "end": "00:19:20", "text": "waiting for uh Coinbase and uh Binance."}, {"start": "00:19:18", "end": "00:19:25", "text": "Uh but now Kraken's actually in the"}, {"start": "00:19:20", "end": "00:19:26", "text": "news. Last year was a a heavy hitter for"}, {"start": "00:19:25", "end": "00:19:30", "text": "the idea"}, {"start": "00:19:26", "end": "00:19:33", "text": "of anything extra that Bitcoin could do."}, {"start": "00:19:30", "end": "00:19:35", "text": "So, following Michael Saylor's comments"}, {"start": "00:19:33", "end": "00:19:37", "text": "of Bitcoin is boring, uh we started"}, {"start": "00:19:35", "end": "00:19:40", "text": "seeing a number of crypto exchanges and"}, {"start": "00:19:37", "end": "00:19:42", "text": "other protocols being announced that"}, {"start": "00:19:40", "end": "00:19:46", "text": "that would be put on chain or could be"}, {"start": "00:19:42", "end": "00:19:48", "text": "implemented by cryptocurrency exchanges."}, {"start": "00:19:46", "end": "00:19:52", "text": "There were a few for Bitcoin having its"}, {"start": "00:19:48", "end": "00:19:54", "text": "own on-chain yield, which isn't really a"}, {"start": "00:19:52", "end": "00:19:56", "text": "thing, so it would kind of have to be"}, {"start": "00:19:54", "end": "00:19:57", "text": "side-chainy,"}, {"start": "00:19:56", "end": "00:19:59", "text": "where basically you would have your"}, {"start": "00:19:57", "end": "00:20:01", "text": "Bitcoin, you would own it, you would"}, {"start": "00:19:59", "end": "00:20:03", "text": "custody it yourself, but on the side"}, {"start": "00:20:01", "end": "00:20:05", "text": "chain,"}, {"start": "00:20:03", "end": "00:20:07", "text": "you'd be making passive income from uh"}, {"start": "00:20:05", "end": "00:20:10", "text": "that other coin called I think it was a"}, {"start": "00:20:07", "end": "00:20:13", "text": "Babylon token. And they named the"}, {"start": "00:20:10", "end": "00:20:14", "text": "Uh they named the token baby, which made"}, {"start": "00:20:13", "end": "00:20:16", "text": "it so much worse."}, {"start": "00:20:14", "end": "00:20:17", "text": "Um and then we started getting other"}, {"start": "00:20:16", "end": "00:20:21", "text": "companies announcing that they were"}, {"start": "00:20:17", "end": "00:20:22", "text": "going to offer, you know, a 1.3% yield"}, {"start": "00:20:21", "end": "00:20:25", "text": "on Bitcoin, or you could lend your"}, {"start": "00:20:22", "end": "00:20:27", "text": "Bitcoin to companies and corporations,"}, {"start": "00:20:25", "end": "00:20:30", "text": "and then you would get back an X amount,"}, {"start": "00:20:27", "end": "00:20:32", "text": "but the name of the game usually is I"}, {"start": "00:20:30", "end": "00:20:35", "text": "want to keep it myself."}, {"start": "00:20:32", "end": "00:20:36", "text": "Custodying So, if you've accumulated"}, {"start": "00:20:35", "end": "00:20:38", "text": "cryptocurrencies over the course of a"}, {"start": "00:20:36", "end": "00:20:40", "text": "long amount of time,"}, {"start": "00:20:38", "end": "00:20:44", "text": "the idea of relinquishing all of it to a"}, {"start": "00:20:40", "end": "00:20:46", "text": "company, especially when we've had FTX's"}, {"start": "00:20:44", "end": "00:20:49", "text": "and other companies disappearing before,"}, {"start": "00:20:46", "end": "00:20:53", "text": "is not really that nice. However, the"}, {"start": "00:20:49", "end": "00:20:56", "text": "future is going to be"}, {"start": "00:20:53", "end": "00:20:59", "text": "uh passive incoming. That's just the way"}, {"start": "00:20:56", "end": "00:21:01", "text": "that it's going to work out. We are"}, {"start": "00:20:59", "end": "00:21:03", "text": "going to see, as as I said before, and"}, {"start": "00:21:01", "end": "00:21:06", "text": "this is just complete logic,"}, {"start": "00:21:03", "end": "00:21:07", "text": "when all the crypto's been accumulated,"}, {"start": "00:21:06", "end": "00:21:09", "text": "when all the companies own all of these"}, {"start": "00:21:07", "end": "00:21:10", "text": "things."}, {"start": "00:21:09", "end": "00:21:12", "text": "The name of the game, especially for"}, {"start": "00:21:10", "end": "00:21:14", "text": "talking about like, you know, earnings"}, {"start": "00:21:12", "end": "00:21:16", "text": "from the actual company"}, {"start": "00:21:14", "end": "00:21:18", "text": "will come down to, well, we didn't do"}, {"start": "00:21:16", "end": "00:21:19", "text": "that well in sales this year. You know,"}, {"start": "00:21:18", "end": "00:21:21", "text": "we"}, {"start": "00:21:19", "end": "00:21:24", "text": "took a bit of a hit"}, {"start": "00:21:21", "end": "00:21:26", "text": "from the stock market going down, but"}, {"start": "00:21:24", "end": "00:21:28", "text": "we made 83 million from staking our"}, {"start": "00:21:26", "end": "00:21:31", "text": "Bitcoin. We did 114 million from staking"}, {"start": "00:21:28", "end": "00:21:33", "text": "our Ether. Our staking our Solana also"}, {"start": "00:21:31", "end": "00:21:36", "text": "gave us 33 million dollars. The"}, {"start": "00:21:33", "end": "00:21:39", "text": "company's doing just fine. That kind of"}, {"start": "00:21:36", "end": "00:21:41", "text": "thing. So, I still I mean, this is just"}, {"start": "00:21:39", "end": "00:21:42", "text": "logic. This isn't even like a, you know,"}, {"start": "00:21:41", "end": "00:21:44", "text": "oh my gosh."}, {"start": "00:21:42", "end": "00:21:47", "text": "By the end of the year, this will"}, {"start": "00:21:44", "end": "00:21:49", "text": "probably"}, {"start": "00:21:47", "end": "00:21:53", "text": "be everywhere just from a"}, {"start": "00:21:49", "end": "00:21:56", "text": "completely logical standpoint."}, {"start": "00:21:53", "end": "00:21:59", "text": "The crypto exchange Kraken"}, {"start": "00:21:56", "end": "00:22:01", "text": "has launched a non-custodial"}, {"start": "00:21:59", "end": "00:22:04", "text": "Bitcoin product"}, {"start": "00:22:01", "end": "00:22:06", "text": "offering a 2.5"}, {"start": "00:22:04", "end": "00:22:08", "text": "yearly yield"}, {"start": "00:22:06", "end": "00:22:11", "text": "adding to the company's yield product"}, {"start": "00:22:08", "end": "00:22:14", "text": "offerings amid increasing investor"}, {"start": "00:22:11", "end": "00:22:17", "text": "demand for crypto rewards."}, {"start": "00:22:14", "end": "00:22:20", "text": "Everyone is doing non-custodial."}, {"start": "00:22:17", "end": "00:22:23", "text": "Most chains require you to lock up your"}, {"start": "00:22:20", "end": "00:22:26", "text": "coins, and then they have a period at"}, {"start": "00:22:23", "end": "00:22:28", "text": "which you cannot take your coins out."}, {"start": "00:22:26", "end": "00:22:30", "text": "It's because the general public does not"}, {"start": "00:22:28", "end": "00:22:33", "text": "understand what proof of stake means or"}, {"start": "00:22:30", "end": "00:22:36", "text": "does. You staking your coins in the"}, {"start": "00:22:33", "end": "00:22:39", "text": "network is the equivalent of you turning"}, {"start": "00:22:36", "end": "00:22:42", "text": "on computers to mine Bitcoin."}, {"start": "00:22:39", "end": "00:22:43", "text": "If you unplug all those computers, if"}, {"start": "00:22:42", "end": "00:22:46", "text": "you take all your crypto out of that"}, {"start": "00:22:43", "end": "00:22:49", "text": "chain, the security of the chain begins"}, {"start": "00:22:46", "end": "00:22:51", "text": "to falter and fall apart."}, {"start": "00:22:49", "end": "00:22:53", "text": "So, as the general public can't seem to"}, {"start": "00:22:51", "end": "00:22:55", "text": "understand that, if you haven't seen a"}, {"start": "00:22:53", "end": "00:22:57", "text": "lot of people have real issues with"}, {"start": "00:22:55", "end": "00:23:00", "text": "locking up their Ether because if"}, {"start": "00:22:57", "end": "00:23:02", "text": "Ethereum falls by 4% in price, these"}, {"start": "00:23:00", "end": "00:23:04", "text": "people they want to panic. They want to"}, {"start": "00:23:02", "end": "00:23:05", "text": "take their coins out for no for no"}, {"start": "00:23:04", "end": "00:23:06", "text": "reason. They don't plan on selling them."}, {"start": "00:23:05", "end": "00:23:07", "text": "They just want to take them out of the"}, {"start": "00:23:06", "end": "00:23:09", "text": "system."}, {"start": "00:23:07", "end": "00:23:11", "text": "But for Ethereum, I think it takes weeks"}, {"start": "00:23:09", "end": "00:23:14", "text": "or months to be able to do so. Like you"}, {"start": "00:23:11", "end": "00:23:16", "text": "have to join like the exit queue."}, {"start": "00:23:14", "end": "00:23:19", "text": "And you say, \"But but why? Why why do"}, {"start": "00:23:16", "end": "00:23:21", "text": "that?\" What it's the same thing with you"}, {"start": "00:23:19", "end": "00:23:23", "text": "plugging in a Like imagine you have a"}, {"start": "00:23:21", "end": "00:23:25", "text": "warehouse."}, {"start": "00:23:23", "end": "00:23:27", "text": "And you have 7,000 computers all mining"}, {"start": "00:23:25", "end": "00:23:28", "text": "Bitcoin."}, {"start": "00:23:27", "end": "00:23:32", "text": "You you open up your phone and you see"}, {"start": "00:23:28", "end": "00:23:35", "text": "that Bitcoin has fallen by 6%."}, {"start": "00:23:32", "end": "00:23:38", "text": "Do you run to that warehouse and unplug"}, {"start": "00:23:35", "end": "00:23:39", "text": "every single machine? No. It's still"}, {"start": "00:23:38", "end": "00:23:43", "text": "making you money."}, {"start": "00:23:39", "end": "00:23:45", "text": "But retail investors don't get that. So,"}, {"start": "00:23:43", "end": "00:23:48", "text": "everyone's making non-custodial"}, {"start": "00:23:45", "end": "00:23:50", "text": "type of things where you don't have to"}, {"start": "00:23:48", "end": "00:23:52", "text": "give give over your crypto."}, {"start": "00:23:50", "end": "00:23:54", "text": "You don't have to relinquish control."}, {"start": "00:23:52", "end": "00:23:57", "text": "It simply just sits on the platform and"}, {"start": "00:23:54", "end": "00:23:58", "text": "starts to basically make you money."}, {"start": "00:23:57", "end": "00:24:00", "text": "Like realistically, that that's what it"}, {"start": "00:23:58", "end": "00:24:02", "text": "is."}, {"start": "00:24:00", "end": "00:24:05", "text": "Kraken's offering comes"}, {"start": "00:24:02", "end": "00:24:08", "text": "as Bitcoin holders demand for yield"}, {"start": "00:24:05", "end": "00:24:10", "text": "products has risen."}, {"start": "00:24:08", "end": "00:24:13", "text": "But has seen limited development as the"}, {"start": "00:24:10", "end": "00:24:16", "text": "Bitcoin blockchain does not have"}, {"start": "00:24:13", "end": "00:24:19", "text": "mechanisms for users to generate yield"}, {"start": "00:24:16", "end": "00:24:22", "text": "compared to blockchains such as Ethereum"}, {"start": "00:24:19", "end": "00:24:24", "text": "and Solana. Also, it just has to be side"}, {"start": "00:24:22", "end": "00:24:25", "text": "chain. That's all people would really"}, {"start": "00:24:24", "end": "00:24:26", "text": "care about and it has to be something"}, {"start": "00:24:25", "end": "00:24:29", "text": "simple."}, {"start": "00:24:26", "end": "00:24:31", "text": "It has to be one click."}, {"start": "00:24:29", "end": "00:24:33", "text": "You have to be able to go into an app,"}, {"start": "00:24:31", "end": "00:24:36", "text": "open it up,"}, {"start": "00:24:33", "end": "00:24:40", "text": "and click on the BTC that you have."}, {"start": "00:24:36", "end": "00:24:42", "text": "There's a button that says buy, sell, or"}, {"start": "00:24:40", "end": "00:24:45", "text": "stake. That's all that people need for"}, {"start": "00:24:42", "end": "00:24:48", "text": "these things to actually become popular."}, {"start": "00:24:45", "end": "00:24:50", "text": "About six or seven of the the things"}, {"start": "00:24:48", "end": "00:24:53", "text": "that we've heard about thus far for"}, {"start": "00:24:50", "end": "00:24:55", "text": "getting a yield from Bitcoin,"}, {"start": "00:24:53", "end": "00:24:57", "text": "they've they've been a little difficult."}, {"start": "00:24:55", "end": "00:25:01", "text": "They they haven't"}, {"start": "00:24:57", "end": "00:25:04", "text": "You often have to trust"}, {"start": "00:25:01", "end": "00:25:05", "text": "the system that you're using. You have"}, {"start": "00:25:04", "end": "00:25:07", "text": "to take your Bitcoin, you have to send"}, {"start": "00:25:05", "end": "00:25:09", "text": "it somewhere else into like another"}, {"start": "00:25:07", "end": "00:25:12", "text": "thing. You usually have to bridge it"}, {"start": "00:25:09", "end": "00:25:14", "text": "over to another chain and then lock it"}, {"start": "00:25:12", "end": "00:25:16", "text": "within that chain or not lock it, so"}, {"start": "00:25:14", "end": "00:25:18", "text": "they say. And then it has to something"}, {"start": "00:25:16", "end": "00:25:19", "text": "else has to also be activated behind the"}, {"start": "00:25:18", "end": "00:25:22", "text": "scene. No one wants that."}, {"start": "00:25:19", "end": "00:25:24", "text": "It has to be something very simple."}, {"start": "00:25:22", "end": "00:25:28", "text": "They said,"}, {"start": "00:25:24", "end": "00:25:30", "text": "\"Many Bitcoin holders on Kraken"}, {"start": "00:25:28", "end": "00:25:32", "text": "have made it clear"}, {"start": "00:25:30", "end": "00:25:34", "text": "they want simple ways to earn on the"}, {"start": "00:25:32", "end": "00:25:36", "text": "Bitcoin they already hold.\" Why would"}, {"start": "00:25:34", "end": "00:25:38", "text": "anyone want something difficult? Oh, if"}, {"start": "00:25:36", "end": "00:25:41", "text": "you don't know, this is this is very old"}, {"start": "00:25:38", "end": "00:25:42", "text": "school. Yeah, so you see that they say"}, {"start": "00:25:41", "end": "00:25:44", "text": "like"}, {"start": "00:25:42", "end": "00:25:46", "text": "Bitcoin holders have made it clear. This"}, {"start": "00:25:44", "end": "00:25:48", "text": "happens when you message the crypto"}, {"start": "00:25:46", "end": "00:25:51", "text": "exchange. A lot of"}, {"start": "00:25:48", "end": "00:25:53", "text": "newer people, I don't know. Hello."}, {"start": "00:25:51", "end": "00:25:55", "text": "Don't know that this can be done. Do you"}, {"start": "00:25:53", "end": "00:25:58", "text": "know how we got coins on crypto"}, {"start": "00:25:55", "end": "00:26:00", "text": "exchanges years ago?"}, {"start": "00:25:58", "end": "00:26:02", "text": "It's by asking the cryptocurrency"}, {"start": "00:26:00", "end": "00:26:04", "text": "exchange. I I I I I know it sounds"}, {"start": "00:26:02", "end": "00:26:05", "text": "nearly nonsensical now because you're"}, {"start": "00:26:04", "end": "00:26:07", "text": "used to a world where everything kind of"}, {"start": "00:26:05", "end": "00:26:08", "text": "just is."}, {"start": "00:26:07", "end": "00:26:10", "text": "You go into a crypto exchange and the"}, {"start": "00:26:08", "end": "00:26:11", "text": "coins are there."}, {"start": "00:26:10", "end": "00:26:13", "text": "Uh-uh."}, {"start": "00:26:11", "end": "00:26:16", "text": "Back about"}, {"start": "00:26:13", "end": "00:26:20", "text": "7-8 years ago,"}, {"start": "00:26:16", "end": "00:26:23", "text": "most crypto exchanges just"}, {"start": "00:26:20", "end": "00:26:26", "text": "had Bitcoin."}, {"start": "00:26:23", "end": "00:26:29", "text": "And then they slowly added ether."}, {"start": "00:26:26", "end": "00:26:32", "text": "And then many of them were forced to add"}, {"start": "00:26:29", "end": "00:26:35", "text": "Bitcoin Cash because of the"}, {"start": "00:26:32", "end": "00:26:39", "text": "because of the the the initial split."}, {"start": "00:26:35", "end": "00:26:40", "text": "Many of them took years to add XRP"}, {"start": "00:26:39", "end": "00:26:43", "text": "because people were asking the"}, {"start": "00:26:40", "end": "00:26:45", "text": "exchanges, I want to buy XRP."}, {"start": "00:26:43", "end": "00:26:48", "text": "I would like to buy Cardano. Are you"}, {"start": "00:26:45", "end": "00:26:50", "text": "going to put this coin on your website?"}, {"start": "00:26:48", "end": "00:26:53", "text": "That's how it worked."}, {"start": "00:26:50", "end": "00:26:55", "text": "So, I've I've told you before, if you"}, {"start": "00:26:53", "end": "00:26:57", "text": "want something on a crypto exchange, you"}, {"start": "00:26:55", "end": "00:26:59", "text": "have to ask them. They actually tally"}, {"start": "00:26:57", "end": "00:27:01", "text": "all this stuff up."}, {"start": "00:26:59", "end": "00:27:05", "text": "If everyone's asking for a yield on"}, {"start": "00:27:01", "end": "00:27:08", "text": "their Bitcoin, if you all ask, \"I would"}, {"start": "00:27:05", "end": "00:27:11", "text": "love to be able to stake my XRP on"}, {"start": "00:27:08", "end": "00:27:13", "text": "Coinbase, on Kraken, on Binance.\" When"}, {"start": "00:27:11", "end": "00:27:16", "text": "they get enough messages, they'll begin"}, {"start": "00:27:13", "end": "00:27:19", "text": "to launch these products."}, {"start": "00:27:16", "end": "00:27:21", "text": "That's how it works. Don't be afraid to"}, {"start": "00:27:19", "end": "00:27:22", "text": "like Sometimes people get afraid to like"}, {"start": "00:27:21", "end": "00:27:24", "text": "send messages and stuff. Like if you"}, {"start": "00:27:22", "end": "00:27:26", "text": "have a question"}, {"start": "00:27:24", "end": "00:27:28", "text": "for these companies who are holding your"}, {"start": "00:27:26", "end": "00:27:31", "text": "money, send them an email."}, {"start": "00:27:28", "end": "00:27:33", "text": "\"Hey, just wondering if the crypto"}, {"start": "00:27:31", "end": "00:27:36", "text": "exchange disappears, what happens to my"}, {"start": "00:27:33", "end": "00:27:38", "text": "money? Am I reimbursed? Hey,"}, {"start": "00:27:36", "end": "00:27:41", "text": "I've been investing in this coin for the"}, {"start": "00:27:38", "end": "00:27:43", "text": "last 6 years. Do you offer any kind of"}, {"start": "00:27:41", "end": "00:27:45", "text": "staking product? I see that you guys"}, {"start": "00:27:43", "end": "00:27:48", "text": "definitely have the ability to be able"}, {"start": "00:27:45", "end": "00:27:50", "text": "to earn yield from stable coins. That's"}, {"start": "00:27:48", "end": "00:27:52", "text": "fantastic, but I have a real"}, {"start": "00:27:50", "end": "00:27:54", "text": "cryptocurrency, and how can I make money"}, {"start": "00:27:52", "end": "00:27:55", "text": "from that?\" They'll respond back to you."}, {"start": "00:27:54", "end": "00:27:57", "text": "They'll say, \"Okay, like you know, we'll"}, {"start": "00:27:55", "end": "00:27:59", "text": "we'll we'll we'll look into it."}, {"start": "00:27:57", "end": "00:28:02", "text": "We're waiting to see if other people"}, {"start": "00:27:59", "end": "00:28:04", "text": "message us with the exact same thing.\""}, {"start": "00:28:02", "end": "00:28:09", "text": "Kraken wrote,"}, {"start": "00:28:04", "end": "00:28:12", "text": "\"Your Bitcoin can now earn Bitcoin.\""}, {"start": "00:28:09", "end": "00:28:15", "text": "It's called the Bitcoin Vault."}, {"start": "00:28:12", "end": "00:28:19", "text": "It says, \"Bitcoin Vault is live. Deposit"}, {"start": "00:28:15", "end": "00:28:23", "text": "Bitcoin. Earn up to 2.59%"}, {"start": "00:28:19", "end": "00:28:25", "text": "APY paid in Bitcoin.\""}, {"start": "00:28:23", "end": "00:28:27", "text": "I can only imagine how they're going to"}, {"start": "00:28:25", "end": "00:28:29", "text": "be doing that. It says, \"Vaults are not"}, {"start": "00:28:27", "end": "00:28:31", "text": "regulated financial products. APY is"}, {"start": "00:28:29", "end": "00:28:33", "text": "variable and not guaranteed. There's a"}, {"start": "00:28:31", "end": "00:28:34", "text": "risk of loss.\" Sorry, it's not funny."}, {"start": "00:28:33", "end": "00:28:36", "text": "It's just like"}, {"start": "00:28:34", "end": "00:28:36", "text": ">> [laughter]"}, {"start": "00:28:38", "end": "00:28:42", "text": ">> I love No, because the quote up here is"}, {"start": "00:28:40", "end": "00:28:44", "text": "like, \"No, it's going to be simple and"}, {"start": "00:28:42", "end": "00:28:45", "text": "easy.\" Over here is like, \"You can earn"}, {"start": "00:28:44", "end": "00:28:48", "text": "Bitcoin.\" And then over here is like,"}, {"start": "00:28:45", "end": "00:28:51", "text": "\"Listen, we this is this is not FDIC"}, {"start": "00:28:48", "end": "00:28:53", "text": "insured. This is not even ABC insured."}, {"start": "00:28:51", "end": "00:28:55", "text": "Understand that the number we give you"}, {"start": "00:28:53", "end": "00:28:57", "text": "might not be all there and you might"}, {"start": "00:28:55", "end": "00:28:58", "text": "lose some of your money.\""}, {"start": "00:28:57", "end": "00:28:59", "text": ">> [screaming]"}, {"start": "00:28:58", "end": "00:29:01", "text": ">> Okay."}, {"start": "00:28:59", "end": "00:29:03", "text": "Kraken's three stablecoin yield products"}, {"start": "00:29:01", "end": "00:29:05", "text": "that it launched in January have"}, {"start": "00:29:03", "end": "00:29:07", "text": "exceeded around $245 million."}, {"start": "00:29:05", "end": "00:29:11", "text": "Yadadadada."}, {"start": "00:29:07", "end": "00:29:15", "text": "Okay. Kraken's product generates yield"}, {"start": "00:29:11", "end": "00:29:19", "text": "from Bitcoin by swapping Bitcoin to"}, {"start": "00:29:15", "end": "00:29:21", "text": "Kraken's wrapped Bitcoin. Okay. A token"}, {"start": "00:29:19", "end": "00:29:24", "text": "replicating Bitcoin's price"}, {"start": "00:29:21", "end": "00:29:26", "text": "which crypto platform Centaura"}, {"start": "00:29:24", "end": "00:29:28", "text": "then allocates across crypto lending Oh,"}, {"start": "00:29:26", "end": "00:29:30", "text": "it's some kind of DeFi thing. Against"}, {"start": "00:29:28", "end": "00:29:33", "text": "crypto lending platforms such as Aave,"}, {"start": "00:29:30", "end": "00:29:35", "text": "Morpho, and Tide Ro. Those sound like"}, {"start": "00:29:33", "end": "00:29:38", "text": "starter Pok�mon."}, {"start": "00:29:35", "end": "00:29:40", "text": "Aave, Morpho, and Tide Ro."}, {"start": "00:29:38", "end": "00:29:42", "text": "The product is non-custodial."}, {"start": "00:29:40", "end": "00:29:44", "text": "Meaning only depositors can withdraw or"}, {"start": "00:29:42", "end": "00:29:45", "text": "transfer their funds. Withdrawals are"}, {"start": "00:29:44", "end": "00:29:47", "text": "estimated to take five Yeah, there we"}, {"start": "00:29:45", "end": "00:29:50", "text": "go. Five days to process. And the"}, {"start": "00:29:47", "end": "00:29:51", "text": "service provider takes a 25% Jeez"}, {"start": "00:29:50", "end": "00:29:54", "text": "Louise, guys."}, {"start": "00:29:51", "end": "00:29:57", "text": "The service providers take a 25%"}, {"start": "00:29:54", "end": "00:29:59", "text": "performance fee on rewards. Oh my gosh."}, {"start": "00:29:57", "end": "00:30:01", "text": "Anyway, well, these things are beginning"}, {"start": "00:29:59", "end": "00:30:03", "text": "to launch."}, {"start": "00:30:01", "end": "00:30:04", "text": "They're going to be more popular."}, {"start": "00:30:03", "end": "00:30:07", "text": "The way that it's going to work is the"}, {"start": "00:30:04", "end": "00:30:10", "text": "exact sa- exact exact"}, {"start": "00:30:07", "end": "00:30:11", "text": "same way that the ETFs worked. Uh"}, {"start": "00:30:10", "end": "00:30:13", "text": "whoever has the lowest fee, that's where"}, {"start": "00:30:11", "end": "00:30:14", "text": "everyone's going to go."}, {"start": "00:30:13", "end": "00:30:16", "text": "A 25%"}, {"start": "00:30:14", "end": "00:30:18", "text": "fee?"}, {"start": "00:30:16", "end": "00:30:20", "text": "I don't know about that. Whoever has the"}, {"start": "00:30:18", "end": "00:30:25", "text": "lowest fees and offers the highest uh"}, {"start": "00:30:20", "end": "00:30:29", "text": "yield. So, when we get into like 3.4%"}, {"start": "00:30:25", "end": "00:30:31", "text": "territory? Or like 4.1%"}, {"start": "00:30:29", "end": "00:30:33", "text": "yield for staking your Even if you just"}, {"start": "00:30:31", "end": "00:30:35", "text": "got Babylon tokens. I think Babylon"}, {"start": "00:30:33", "end": "00:30:36", "text": "gives you 1%."}, {"start": "00:30:35", "end": "00:30:39", "text": "Uh-huh."}, {"start": "00:30:36", "end": "00:30:40", "text": "These will become incredibly popular."}, {"start": "00:30:39", "end": "00:30:44", "text": "So,"}, {"start": "00:30:40", "end": "00:30:44", "text": "I assume this would be more"}, {"start": "00:30:44", "end": "00:30:48", "text": "if I can be honest, we probably we"}, {"start": "00:30:46", "end": "00:30:49", "text": "probably need prices to go up a lot"}, {"start": "00:30:48", "end": "00:30:51", "text": "higher."}, {"start": "00:30:49", "end": "00:30:53", "text": "Uh usually"}, {"start": "00:30:51", "end": "00:30:56", "text": "if prices go higher, of course, it"}, {"start": "00:30:53", "end": "00:30:58", "text": "raises optimism. And then the idea,"}, {"start": "00:30:56", "end": "00:31:00", "text": "well, I have all this money now. I can"}, {"start": "00:30:58", "end": "00:31:01", "text": "stake my coins and then make extra"}, {"start": "00:31:00", "end": "00:31:04", "text": "money."}, {"start": "00:31:01", "end": "00:31:07", "text": "Of course, that um"}, {"start": "00:31:04", "end": "00:31:11", "text": "that makes popularity. Anyway,"}, {"start": "00:31:07", "end": "00:31:13", "text": "I do hope that you've all enjoyed."}, {"start": "00:31:11", "end": "00:31:16", "text": "Hope you're all doing well. Hope"}, {"start": "00:31:13", "end": "00:31:19", "text": "everyone out there is doing fantastic."}, {"start": "00:31:16", "end": "00:31:20", "text": "Hope you're all remembering to"}, {"start": "00:31:19", "end": "00:31:23", "text": "uh"}, {"start": "00:31:20", "end": "00:31:25", "text": "keep hope alive or or something like"}, {"start": "00:31:23", "end": "00:31:27", "text": "that. I I know we're in a like the world"}, {"start": "00:31:25", "end": "00:31:30", "text": "is"}, {"start": "00:31:27", "end": "00:31:31", "text": "the world is a lot right now. Um make"}, {"start": "00:31:30", "end": "00:31:33", "text": "sure to go outside. Make sure to call a"}, {"start": "00:31:31", "end": "00:31:36", "text": "friend. Make sure to do something that"}, {"start": "00:31:33", "end": "00:31:39", "text": "makes you happy. Don't forget to invest."}, {"start": "00:31:36", "end": "00:31:41", "text": "Um hope you're all doing well, and I"}, {"start": "00:31:39", "end": "00:31:44", "text": "will most certainly be talking"}, {"start": "00:31:41", "end": "00:31:47", "text": "to you all soon."}, {"start": "00:31:44", "end": "00:31:47", "text": "See you."}]

[{"start": "00:00:00", "end": "00:00:07", "text": "Hello, everybody."}, {"start": "00:00:03", "end": "00:00:09", "text": "Welcome back for another"}, {"start": "00:00:07", "end": "00:00:12", "text": "video."}, {"start": "00:00:09", "end": "00:00:13", "text": "Hope you're all doing well."}, {"start": "00:00:12", "end": "00:00:15", "text": "Hope you're all doing absolutely"}, {"start": "00:00:13", "end": "00:00:18", "text": "fantastic"}, {"start": "00:00:15", "end": "00:00:20", "text": "and that you're all having a"}, {"start": "00:00:18", "end": "00:00:22", "text": "wonderful"}, {"start": "00:00:20", "end": "00:00:24", "text": "day."}, {"start": "00:00:22", "end": "00:00:28", "text": "I've just released a new book. It is"}, {"start": "00:00:24", "end": "00:00:30", "text": "called Achieving Financial Freedom in 30"}, {"start": "00:00:28", "end": "00:00:31", "text": "days."}, {"start": "00:00:30", "end": "00:00:34", "text": "It goes over,"}, {"start": "00:00:31", "end": "00:00:36", "text": "discusses, and teaches you how to deal"}, {"start": "00:00:34", "end": "00:00:37", "text": "with money,"}, {"start": "00:00:36", "end": "00:00:39", "text": "how money works,"}, {"start": "00:00:37", "end": "00:00:41", "text": "and for those of you who are interested"}, {"start": "00:00:39", "end": "00:00:43", "text": "in learning about money and how the rich"}, {"start": "00:00:41", "end": "00:00:48", "text": "stay rich, there is a link in the"}, {"start": "00:00:43", "end": "00:00:50", "text": "description below this video."}, {"start": "00:00:48", "end": "00:00:53", "text": "A gigantic thank you to my Patreon"}, {"start": "00:00:50", "end": "00:00:55", "text": "supporters, Trent Jackson,"}, {"start": "00:00:53", "end": "00:00:59", "text": "Gil Boa Snake,"}, {"start": "00:00:55", "end": "00:01:01", "text": "and Finley Bass. I do thank you for your"}, {"start": "00:00:59", "end": "00:01:04", "text": "support."}, {"start": "00:01:01", "end": "00:01:07", "text": "Without any further ado, let's jump"}, {"start": "00:01:04", "end": "00:01:09", "text": "right into it. I think I I kind of I"}, {"start": "00:01:07", "end": "00:01:11", "text": "don't know, I think I kind of fixed the"}, {"start": "00:01:09", "end": "00:01:13", "text": "the microphone issues. I don't know."}, {"start": "00:01:11", "end": "00:01:15", "text": "Bear with me on that one."}, {"start": "00:01:13", "end": "00:01:18", "text": "Uh yesterday, there was I I don't know"}, {"start": "00:01:15", "end": "00:01:21", "text": "what was going on. It was very intense."}, {"start": "00:01:18", "end": "00:01:22", "text": "Every time I I I spoke, it just wasn't"}, {"start": "00:01:21", "end": "00:01:24", "text": "Anyway, it was just very strong"}, {"start": "00:01:22", "end": "00:01:25", "text": "yesterday."}, {"start": "00:01:24", "end": "00:01:26", "text": "So,"}, {"start": "00:01:25", "end": "00:01:29", "text": "I don't I don't know if I'm just more"}, {"start": "00:01:26", "end": "00:01:31", "text": "enthusiastic and I'm speaking with a lot"}, {"start": "00:01:29", "end": "00:01:32", "text": "more energy, but I can't really figure"}, {"start": "00:01:31", "end": "00:01:34", "text": "it out. Anyhow,"}, {"start": "00:01:32", "end": "00:01:36", "text": "uh yeah."}, {"start": "00:01:34", "end": "00:01:40", "text": "Welcome back to another lightly"}, {"start": "00:01:36", "end": "00:01:45", "text": "confusing cryptocurrency"}, {"start": "00:01:40", "end": "00:01:48", "text": "market time period where we are caught"}, {"start": "00:01:45", "end": "00:01:50", "text": "in the middle of people announcing that"}, {"start": "00:01:48", "end": "00:01:54", "text": "they believe that the cryptocurrency"}, {"start": "00:01:50", "end": "00:01:56", "text": "market is going to go much higher and a"}, {"start": "00:01:54", "end": "00:01:58", "text": "lot of people who are now predicting"}, {"start": "00:01:56", "end": "00:02:01", "text": "that we might"}, {"start": "00:01:58", "end": "00:02:03", "text": "have to wait a little bit longer"}, {"start": "00:02:01", "end": "00:02:05", "text": "to see where prices are basically going"}, {"start": "00:02:03", "end": "00:02:06", "text": "to"}, {"start": "00:02:05", "end": "00:02:10", "text": "go."}, {"start": "00:02:06", "end": "00:02:13", "text": "As it stands, the crypto space is as"}, {"start": "00:02:10", "end": "00:02:14", "text": "always quite fortunate to not actually"}, {"start": "00:02:13", "end": "00:02:16", "text": "receive [snorts]"}, {"start": "00:02:14", "end": "00:02:20", "text": "or have an enormous amount of negative"}, {"start": "00:02:16", "end": "00:02:22", "text": "news. The negative news that we tend to"}, {"start": "00:02:20", "end": "00:02:26", "text": "get, at least as of late,"}, {"start": "00:02:22", "end": "00:02:27", "text": "revolves around prices. So, prices going"}, {"start": "00:02:26", "end": "00:02:30", "text": "down"}, {"start": "00:02:27", "end": "00:02:32", "text": "is bad, but it's not negative news. Like"}, {"start": "00:02:30", "end": "00:02:34", "text": "you can't say like negative news equals"}, {"start": "00:02:32", "end": "00:02:37", "text": "negative news. You usually have to have"}, {"start": "00:02:34", "end": "00:02:40", "text": "some kind of like a a knock-on or"}, {"start": "00:02:37", "end": "00:02:42", "text": "knock-off effect, if you will, to get"}, {"start": "00:02:40", "end": "00:02:45", "text": "there. Um our adoption is still"}, {"start": "00:02:42", "end": "00:02:47", "text": "continuously increasing. These companies"}, {"start": "00:02:45", "end": "00:02:49", "text": "are still buying huge amounts of crypto,"}, {"start": "00:02:47", "end": "00:02:50", "text": "except for one, which we are also going"}, {"start": "00:02:49", "end": "00:02:54", "text": "to"}, {"start": "00:02:50", "end": "00:02:58", "text": "get into because that's now causing"}, {"start": "00:02:54", "end": "00:03:01", "text": "huge amounts of drama uh within the uh"}, {"start": "00:02:58", "end": "00:03:02", "text": "space. But between that, if you missed"}, {"start": "00:03:01", "end": "00:03:05", "text": "yesterday,"}, {"start": "00:03:02", "end": "00:03:07", "text": "uh MasterCard has announced that they"}, {"start": "00:03:05", "end": "00:03:10", "text": "are uh actively getting into the"}, {"start": "00:03:07", "end": "00:03:12", "text": "cryptocurrency market. They're not"}, {"start": "00:03:10", "end": "00:03:14", "text": "standing on the sidelines. They're not"}, {"start": "00:03:12", "end": "00:03:17", "text": "thinking of potentially implementing"}, {"start": "00:03:14", "end": "00:03:19", "text": "something in two, three, or four years."}, {"start": "00:03:17", "end": "00:03:24", "text": "MasterCard has announced they're going"}, {"start": "00:03:19", "end": "00:03:28", "text": "to be using Ethereum, Solana, Polygon,"}, {"start": "00:03:24", "end": "00:03:30", "text": "XRP, um the the chains."}, {"start": "00:03:28", "end": "00:03:33", "text": "They're going to be using a Coinbase's"}, {"start": "00:03:30", "end": "00:03:35", "text": "uh chain called Base."}, {"start": "00:03:33", "end": "00:03:37", "text": "They're going to be using Was Tether one"}, {"start": "00:03:35", "end": "00:03:38", "text": "of them? I don't remember. Uh but there"}, {"start": "00:03:37", "end": "00:03:40", "text": "was the Circle Coin and another"}, {"start": "00:03:38", "end": "00:03:42", "text": "stablecoin"}, {"start": "00:03:40", "end": "00:03:44", "text": "as a way to send money around the world."}, {"start": "00:03:42", "end": "00:03:48", "text": "So,"}, {"start": "00:03:44", "end": "00:03:50", "text": "even when news is supposed to be bad or"}, {"start": "00:03:48", "end": "00:03:53", "text": "like prices are going lower because"}, {"start": "00:03:50", "end": "00:03:57", "text": "someone coughed too hard."}, {"start": "00:03:53", "end": "00:04:00", "text": "Uh we continue to exist in a space where"}, {"start": "00:03:57", "end": "00:04:04", "text": "adoption is uh"}, {"start": "00:04:00", "end": "00:04:04", "text": "free-flowing in our direction. I will"}, {"start": "00:04:04", "end": "00:04:06", "text": "uh"}, {"start": "00:04:04", "end": "00:04:09", "text": "say this and then I'll continue. I do"}, {"start": "00:04:06", "end": "00:04:11", "text": "think I mean this is completely logical,"}, {"start": "00:04:09", "end": "00:04:15", "text": "but this feels like"}, {"start": "00:04:11", "end": "00:04:17", "text": "insane manipulation on the parts of"}, {"start": "00:04:15", "end": "00:04:19", "text": "heavy-handed investors who are trying to"}, {"start": "00:04:17", "end": "00:04:22", "text": "get complete control"}, {"start": "00:04:19", "end": "00:04:25", "text": "over the market for themselves."}, {"start": "00:04:22", "end": "00:04:28", "text": "Um we've had situations like this before"}, {"start": "00:04:25", "end": "00:04:32", "text": "during other cycles, but this one seems"}, {"start": "00:04:28", "end": "00:04:34", "text": "vicious in a in a sort of way."}, {"start": "00:04:32", "end": "00:04:36", "text": "So, uh yeah, I think manipulation is"}, {"start": "00:04:34", "end": "00:04:39", "text": "happening and if you're here for the"}, {"start": "00:04:36", "end": "00:04:42", "text": "long term, you're here for the long term"}, {"start": "00:04:39", "end": "00:04:45", "text": "as many other investors have also simply"}, {"start": "00:04:42", "end": "00:04:48", "text": "uh left the room by this point."}, {"start": "00:04:45", "end": "00:04:50", "text": "So, in"}, {"start": "00:04:48", "end": "00:04:53", "text": "I would I would dare say"}, {"start": "00:04:50", "end": "00:04:53", "text": "popular news,"}, {"start": "00:04:54", "end": "00:05:00", "text": "um Bitmain has Oh, actually, Bitmain has"}, {"start": "00:04:58", "end": "00:05:04", "text": "been in the news a lot lately. Uh"}, {"start": "00:05:00", "end": "00:05:06", "text": "Bitmain is currently very close"}, {"start": "00:05:04", "end": "00:05:09", "text": "to their um"}, {"start": "00:05:06", "end": "00:05:11", "text": "5% of all Ether that they want. If you"}, {"start": "00:05:09", "end": "00:05:14", "text": "missed it, Bitmain is"}, {"start": "00:05:11", "end": "00:05:16", "text": "this gargantuan company that used to"}, {"start": "00:05:14", "end": "00:05:19", "text": "mine a Bitcoin, and now they just"}, {"start": "00:05:16", "end": "00:05:21", "text": "accumulate Ether. They stake a huge"}, {"start": "00:05:19", "end": "00:05:27", "text": "portion of the Ether that they actually"}, {"start": "00:05:21", "end": "00:05:30", "text": "have, and um yeah. So, they announced"}, {"start": "00:05:27", "end": "00:05:32", "text": "a month ago, maybe less at this point,"}, {"start": "00:05:30", "end": "00:05:34", "text": "that they are going to continue to"}, {"start": "00:05:32", "end": "00:05:36", "text": "accumulate large amounts of Ether, but"}, {"start": "00:05:34", "end": "00:05:38", "text": "they're going to slow down their"}, {"start": "00:05:36", "end": "00:05:41", "text": "expansion simply because they're already"}, {"start": "00:05:38", "end": "00:05:43", "text": "very close to their"}, {"start": "00:05:41", "end": "00:05:45", "text": "uh goal."}, {"start": "00:05:43", "end": "00:05:48", "text": "Tom Lee"}, {"start": "00:05:45", "end": "00:05:51", "text": "is the head of Bitmain, and he was in"}, {"start": "00:05:48", "end": "00:05:54", "text": "the news like two days ago. What was it?"}, {"start": "00:05:51", "end": "00:05:57", "text": "He He announced that even though prices"}, {"start": "00:05:54", "end": "00:05:58", "text": "were dropping that he's expecting"}, {"start": "00:05:57", "end": "00:06:00", "text": "uh"}, {"start": "00:05:58", "end": "00:06:02", "text": "oh gosh, what is it called?"}, {"start": "00:06:00", "end": "00:06:04", "text": "Even though prices are dropping, he's"}, {"start": "00:06:02", "end": "00:06:07", "text": "expecting the cryptocurrency market to"}, {"start": "00:06:04", "end": "00:06:10", "text": "go into a super cycle. He's the one in"}, {"start": "00:06:07", "end": "00:06:13", "text": "the one one of the first people in I"}, {"start": "00:06:10", "end": "00:06:15", "text": "think it was February or something like"}, {"start": "00:06:13", "end": "00:06:18", "text": "that who said that he uh that that"}, {"start": "00:06:15", "end": "00:06:21", "text": "crypto winter was over and that prices"}, {"start": "00:06:18", "end": "00:06:23", "text": "were only going to go much higher. He's"}, {"start": "00:06:21", "end": "00:06:26", "text": "kind of started the whole thing and that"}, {"start": "00:06:23", "end": "00:06:27", "text": "began the the the trickle effect"}, {"start": "00:06:26", "end": "00:06:29", "text": "of everyone announcing that the"}, {"start": "00:06:27", "end": "00:06:31", "text": "cryptocurrency market was going to go a"}, {"start": "00:06:29", "end": "00:06:33", "text": "lot higher."}, {"start": "00:06:31", "end": "00:06:35", "text": "And then me being in the videos like,"}, {"start": "00:06:33", "end": "00:06:40", "text": "\"How are these people all coming up with"}, {"start": "00:06:35", "end": "00:06:41", "text": "the exact same uh conclusion?\" So,"}, {"start": "00:06:40", "end": "00:06:45", "text": "Bitmain,"}, {"start": "00:06:41", "end": "00:06:48", "text": "the company plans to use proceeds to buy"}, {"start": "00:06:45", "end": "00:06:51", "text": "more ETH, expanding their staking and"}, {"start": "00:06:48", "end": "00:06:53", "text": "validator operations, and repurchasing"}, {"start": "00:06:51", "end": "00:06:56", "text": "common stock."}, {"start": "00:06:53", "end": "00:07:00", "text": "Bitmain currently holds approximately"}, {"start": "00:06:56", "end": "00:07:04", "text": "4.7 million ETH that they have staked,"}, {"start": "00:07:00", "end": "00:07:07", "text": "representing about 4.49%"}, {"start": "00:07:04", "end": "00:07:09", "text": "of Ethereum's total supply."}, {"start": "00:07:07", "end": "00:07:12", "text": "Bitmain Immersion Technologies is taking"}, {"start": "00:07:09", "end": "00:07:15", "text": "another big step in its Ethereum-focused"}, {"start": "00:07:12", "end": "00:07:17", "text": "treasury strategy by launching a 300"}, {"start": "00:07:15", "end": "00:07:20", "text": "million-dollar"}, {"start": "00:07:17", "end": "00:07:21", "text": "perpetual preferred stock offering."}, {"start": "00:07:20", "end": "00:07:24", "text": "The move is very similar to the"}, {"start": "00:07:21", "end": "00:07:28", "text": "financing methods that was popularized"}, {"start": "00:07:24", "end": "00:07:31", "text": "by um Michael Saylor's MicroStrategy,"}, {"start": "00:07:28", "end": "00:07:34", "text": "which is also um"}, {"start": "00:07:31", "end": "00:07:37", "text": "heavily in the news the last few days."}, {"start": "00:07:34", "end": "00:07:39", "text": "There was a thing last year and I"}, {"start": "00:07:37", "end": "00:07:41", "text": "can only assume"}, {"start": "00:07:39", "end": "00:07:43", "text": "it was based on the expectation of"}, {"start": "00:07:41", "end": "00:07:45", "text": "cryptocurrency prices basically going up"}, {"start": "00:07:43", "end": "00:07:46", "text": "forever."}, {"start": "00:07:45", "end": "00:07:48", "text": "Where"}, {"start": "00:07:46", "end": "00:07:51", "text": "these companies began to take out"}, {"start": "00:07:48", "end": "00:07:53", "text": "tremendous amounts of debt against their"}, {"start": "00:07:51", "end": "00:07:56", "text": "companies. And"}, {"start": "00:07:53", "end": "00:08:01", "text": "unironically enough, it's probably not"}, {"start": "00:07:56", "end": "00:08:03", "text": "the best idea to have around 60 billion"}, {"start": "00:08:01", "end": "00:08:04", "text": "dollars worth of debt that needs to be"}, {"start": "00:08:03", "end": "00:08:07", "text": "paid back and then you can't pay it back"}, {"start": "00:08:04", "end": "00:08:10", "text": "when cryptocurrency prices go lower. So,"}, {"start": "00:08:07", "end": "00:08:13", "text": "I think as of now Bitmain has kind of"}, {"start": "00:08:10", "end": "00:08:14", "text": "done it through like normal funding."}, {"start": "00:08:13", "end": "00:08:18", "text": "But [snorts] they probably are going to"}, {"start": "00:08:14", "end": "00:08:20", "text": "switch gears as well relatively soon."}, {"start": "00:08:18", "end": "00:08:23", "text": "The company revealed"}, {"start": "00:08:20", "end": "00:08:27", "text": "in a filing with the US SEC"}, {"start": "00:08:23", "end": "00:08:30", "text": "that it plans to issue 3 million shares"}, {"start": "00:08:27", "end": "00:08:32", "text": "of its 9.5 series A perpetual preferred"}, {"start": "00:08:30", "end": "00:08:34", "text": "stock"}, {"start": "00:08:32", "end": "00:08:37", "text": "which will trade under the ticker symbol"}, {"start": "00:08:34", "end": "00:08:41", "text": "BMNP"}, {"start": "00:08:37", "end": "00:08:43", "text": "within 30 days of issuance."}, {"start": "00:08:41", "end": "00:08:45", "text": "The offering is designed to provide"}, {"start": "00:08:43", "end": "00:08:47", "text": "investors with a fixed-income style"}, {"start": "00:08:45", "end": "00:08:51", "text": "investment tied to Bitmain's growing"}, {"start": "00:08:47", "end": "00:08:53", "text": "Ethereum treasury options. I wonder when"}, {"start": "00:08:51", "end": "00:08:54", "text": "when that will become like a normalized"}, {"start": "00:08:53", "end": "00:08:56", "text": "thing."}, {"start": "00:08:54", "end": "00:08:58", "text": "The reason why"}, {"start": "00:08:56", "end": "00:09:00", "text": "a lot of these companies"}, {"start": "00:08:58", "end": "00:09:02", "text": "are getting so much funding"}, {"start": "00:09:00", "end": "00:09:06", "text": "is because they're basically creating"}, {"start": "00:09:02", "end": "00:09:08", "text": "ways for investors to buy their stock to"}, {"start": "00:09:06", "end": "00:09:09", "text": "get like like a dividend in some sort of"}, {"start": "00:09:08", "end": "00:09:13", "text": "way."}, {"start": "00:09:09", "end": "00:09:14", "text": "So, it is it is a it's a created method"}, {"start": "00:09:13", "end": "00:09:17", "text": "on top of the the baseline"}, {"start": "00:09:14", "end": "00:09:21", "text": "cryptocurrency to try and interest"}, {"start": "00:09:17", "end": "00:09:22", "text": "investors into accumulating their stock."}, {"start": "00:09:21", "end": "00:09:25", "text": "And I say when that that will become"}, {"start": "00:09:22", "end": "00:09:28", "text": "more of a thing because"}, {"start": "00:09:25", "end": "00:09:30", "text": "I"}, {"start": "00:09:28", "end": "00:09:32", "text": "I think maybe from like another point of"}, {"start": "00:09:30", "end": "00:09:34", "text": "view I would have assumed"}, {"start": "00:09:32", "end": "00:09:36", "text": "that it could have just been like the"}, {"start": "00:09:34", "end": "00:09:37", "text": "actual ether that was being staked that"}, {"start": "00:09:36", "end": "00:09:39", "text": "could have been given to investors, but"}, {"start": "00:09:37", "end": "00:09:41", "text": "you create like a US dollar style kind"}, {"start": "00:09:39", "end": "00:09:42", "text": "of thing."}, {"start": "00:09:41", "end": "00:09:44", "text": "And also,"}, {"start": "00:09:42", "end": "00:09:46", "text": "we haven't heard too much about like"}, {"start": "00:09:44", "end": "00:09:48", "text": "staking Bitcoin recently. Sorry, I have"}, {"start": "00:09:46", "end": "00:09:49", "text": "all these ideas in my head. I'm I'm"}, {"start": "00:09:48", "end": "00:09:52", "text": "always"}, {"start": "00:09:49", "end": "00:09:54", "text": "maybe thinking a little bit too too too"}, {"start": "00:09:52", "end": "00:09:55", "text": "far ahead in certain things, but I I"}, {"start": "00:09:54", "end": "00:09:57", "text": "wonder when a lot of these things are"}, {"start": "00:09:55", "end": "00:10:00", "text": "going to begin to get released, when"}, {"start": "00:09:57", "end": "00:10:02", "text": "we're going to have like we've been"}, {"start": "00:10:00", "end": "00:10:04", "text": "in the cryptocurrency space, we've been"}, {"start": "00:10:02", "end": "00:10:06", "text": "promised a lot, not a little bit. We"}, {"start": "00:10:04", "end": "00:10:07", "text": "we've been promised like the world and"}, {"start": "00:10:06", "end": "00:10:08", "text": "then some."}, {"start": "00:10:07", "end": "00:10:11", "text": "And I'm always wondering when these"}, {"start": "00:10:08", "end": "00:10:12", "text": "products will begin to actually uh"}, {"start": "00:10:11", "end": "00:10:15", "text": "release."}, {"start": "00:10:12", "end": "00:10:17", "text": "Um allowing investors to receive regular"}, {"start": "00:10:15", "end": "00:10:19", "text": "dividend payments"}, {"start": "00:10:17", "end": "00:10:22", "text": "without directly participating in the"}, {"start": "00:10:19", "end": "00:10:25", "text": "company's growth potential."}, {"start": "00:10:22", "end": "00:10:26", "text": "Under the proposed structure, holders of"}, {"start": "00:10:25", "end": "00:10:30", "text": "their stock will receive annual"}, {"start": "00:10:26", "end": "00:10:32", "text": "dividends of $9.50"}, {"start": "00:10:30", "end": "00:10:37", "text": "for every $100"}, {"start": "00:10:32", "end": "00:10:40", "text": "share owned. Okay. Just say 9.5 Are you"}, {"start": "00:10:37", "end": "00:10:43", "text": "Geez Louise, just say 9.5% with payments"}, {"start": "00:10:40", "end": "00:10:44", "text": "distributed on a weekly basis. Geez"}, {"start": "00:10:43", "end": "00:10:46", "text": "Louise, guys."}, {"start": "00:10:44", "end": "00:10:48", "text": "To fund these dividends Oh, oh, I was"}, {"start": "00:10:46", "end": "00:10:49", "text": "right."}, {"start": "00:10:48", "end": "00:10:52", "text": "I was right. To fund these dividends,"}, {"start": "00:10:49", "end": "00:10:54", "text": "Bitmain plans to use revenue generated"}, {"start": "00:10:52", "end": "00:10:55", "text": "from staking Ethereum."}, {"start": "00:10:54", "end": "00:10:57", "text": "This approach forms part of the growing"}, {"start": "00:10:55", "end": "00:10:59", "text": "trend among digital asset treasuries"}, {"start": "00:10:57", "end": "00:11:02", "text": "firms that leverage blockchain based"}, {"start": "00:10:59", "end": "00:11:03", "text": "yield generation to support investor"}, {"start": "00:11:02", "end": "00:11:06", "text": "Okay, I was right. I was like, how are"}, {"start": "00:11:03", "end": "00:11:08", "text": "they Okay. Cool. So, within the next"}, {"start": "00:11:06", "end": "00:11:10", "text": "couple of weeks,"}, {"start": "00:11:08", "end": "00:11:11", "text": "I give it weeks. I I don't think it's"}, {"start": "00:11:10", "end": "00:11:12", "text": "going to take that long. What was the"}, {"start": "00:11:11", "end": "00:11:14", "text": "number?"}, {"start": "00:11:12", "end": "00:11:14", "text": "Uh"}, {"start": "00:11:15", "end": "00:11:19", "text": "4.49%."}, {"start": "00:11:17", "end": "00:11:21", "text": "These people were accumulating so much"}, {"start": "00:11:19", "end": "00:11:23", "text": "crypto before Ether before."}, {"start": "00:11:21", "end": "00:11:25", "text": "I assume they're not really far off from"}, {"start": "00:11:23", "end": "00:11:28", "text": "their 5% thing."}, {"start": "00:11:25", "end": "00:11:30", "text": "Uh this part this adds to the"}, {"start": "00:11:28", "end": "00:11:32", "text": "Is perplexity a word? I feel like it is."}, {"start": "00:11:30", "end": "00:11:34", "text": "I know complexity is."}, {"start": "00:11:32", "end": "00:11:36", "text": "but this uh further perplexes me that we"}, {"start": "00:11:34", "end": "00:11:38", "text": "keep getting really intense"}, {"start": "00:11:36", "end": "00:11:40", "text": "cryptocurrency news like this with"}, {"start": "00:11:38", "end": "00:11:43", "text": "everyone buying up tons of crypto,"}, {"start": "00:11:40", "end": "00:11:45", "text": "and that there can then be"}, {"start": "00:11:43", "end": "00:11:47", "text": "question marks in the crypto space."}, {"start": "00:11:45", "end": "00:11:49", "text": "Anyway, that's the MicroStrat"}, {"start": "00:11:47", "end": "00:11:51", "text": "MicroStrategy. That's the"}, {"start": "00:11:49", "end": "00:11:52", "text": "Bitmain news."}, {"start": "00:11:51", "end": "00:11:55", "text": "And they're going to continue"}, {"start": "00:11:52", "end": "00:11:57", "text": "accumulating more as are all the other"}, {"start": "00:11:55", "end": "00:11:59", "text": "wealthy families and family offices"}, {"start": "00:11:57", "end": "00:12:02", "text": "around the world."}, {"start": "00:11:59", "end": "00:12:04", "text": "Okie dokie."}, {"start": "00:12:02", "end": "00:12:04", "text": "Let's move on."}, {"start": "00:12:06", "end": "00:12:13", "text": "The question of the year is going to be"}, {"start": "00:12:10", "end": "00:12:15", "text": "uh what happened? We know what happened,"}, {"start": "00:12:13", "end": "00:12:17", "text": "and people are pretending like this"}, {"start": "00:12:15", "end": "00:12:18", "text": "wasn't going to be an issue from the"}, {"start": "00:12:17", "end": "00:12:20", "text": "get-go."}, {"start": "00:12:18", "end": "00:12:22", "text": "If you haven't seen other videos of"}, {"start": "00:12:20", "end": "00:12:26", "text": "mine, I've been a"}, {"start": "00:12:22", "end": "00:12:29", "text": "a huge advocate of normal people"}, {"start": "00:12:26", "end": "00:12:33", "text": "holding and buying Bitcoin. Bitcoin is"}, {"start": "00:12:29", "end": "00:12:35", "text": "is for the masses. It's it's not for"}, {"start": "00:12:33", "end": "00:12:37", "text": "uh the wealthiest people on the planet"}, {"start": "00:12:35", "end": "00:12:40", "text": "to hoard for themselves."}, {"start": "00:12:37", "end": "00:12:44", "text": "So,"}, {"start": "00:12:40", "end": "00:12:46", "text": "as of late, MicroStrategy has"}, {"start": "00:12:44", "end": "00:12:47", "text": "The word's not come under fire. Hold on."}, {"start": "00:12:46", "end": "00:12:49", "text": "Hold on. Hold on. Hold on. Hold on. Hold"}, {"start": "00:12:47", "end": "00:12:51", "text": "on. Hold on."}, {"start": "00:12:49", "end": "00:12:52", "text": "I don't Okay, I have never mind. Anyway,"}, {"start": "00:12:51", "end": "00:12:54", "text": "I was trying to fix something on the"}, {"start": "00:12:52", "end": "00:12:57", "text": "microphone again. Don't mind me. Um"}, {"start": "00:12:54", "end": "00:13:00", "text": "MicroStrategy has currently come under"}, {"start": "00:12:57", "end": "00:13:02", "text": "fire just because"}, {"start": "00:13:00", "end": "00:13:03", "text": "um"}, {"start": "00:13:02", "end": "00:13:06", "text": "they said that they would never sell"}, {"start": "00:13:03", "end": "00:13:08", "text": "Bitcoin. They ended up selling some. And"}, {"start": "00:13:06", "end": "00:13:10", "text": "if you didn't see this I mean it's quite"}, {"start": "00:13:08", "end": "00:13:13", "text": "dramatic,"}, {"start": "00:13:10", "end": "00:13:15", "text": "but around 4 to 5 days ago, a lot of"}, {"start": "00:13:13", "end": "00:13:17", "text": "people were blaming the cryptocurrency"}, {"start": "00:13:15", "end": "00:13:20", "text": "market crash"}, {"start": "00:13:17", "end": "00:13:22", "text": "and Bitcoin going down lower in price on"}, {"start": "00:13:20", "end": "00:13:23", "text": "MicroStrategy."}, {"start": "00:13:22", "end": "00:13:26", "text": "They said that they would only"}, {"start": "00:13:23", "end": "00:13:29", "text": "accumulate Bitcoin and never sell any."}, {"start": "00:13:26", "end": "00:13:32", "text": "They sold a a tiny portion and I don't"}, {"start": "00:13:29", "end": "00:13:34", "text": "know why they sold that little. I'm air"}, {"start": "00:13:32", "end": "00:13:37", "text": "quoting here."}, {"start": "00:13:34", "end": "00:13:40", "text": "But it's it's it started to form cracks"}, {"start": "00:13:37", "end": "00:13:42", "text": "within people's trust for MicroStrategy"}, {"start": "00:13:40", "end": "00:13:44", "text": "and what they could potentially do in"}, {"start": "00:13:42", "end": "00:13:46", "text": "the future if the market ended up"}, {"start": "00:13:44", "end": "00:13:49", "text": "getting worse."}, {"start": "00:13:46", "end": "00:13:52", "text": "So in gargantuanly spoken about news"}, {"start": "00:13:49", "end": "00:13:55", "text": "today,"}, {"start": "00:13:52", "end": "00:13:58", "text": "it says a rare sell of Bitcoin"}, {"start": "00:13:55", "end": "00:14:00", "text": "by MicroStrategy,"}, {"start": "00:13:58", "end": "00:14:03", "text": "it's first in over 3 years,"}, {"start": "00:14:00", "end": "00:14:04", "text": "has triggered a sharp simultaneous"}, {"start": "00:14:03", "end": "00:14:07", "text": "decline"}, {"start": "00:14:04", "end": "00:14:09", "text": "in both the cryptocurrency"}, {"start": "00:14:07", "end": "00:14:11", "text": "and the company's stock."}, {"start": "00:14:09", "end": "00:14:13", "text": "Prompting analysts to question whether"}, {"start": "00:14:11", "end": "00:14:17", "text": "the market has become dangerously"}, {"start": "00:14:13", "end": "00:14:19", "text": "reliant on a single corporate narrative."}, {"start": "00:14:17", "end": "00:14:21", "text": "Well, first the answer is yes. There's"}, {"start": "00:14:19", "end": "00:14:23", "text": "no way for you to disagree with me"}, {"start": "00:14:21", "end": "00:14:25", "text": "because you know what Bitcoin is for and"}, {"start": "00:14:23", "end": "00:14:27", "text": "who it's for."}, {"start": "00:14:25", "end": "00:14:30", "text": "So I've seen people online saying that"}, {"start": "00:14:27", "end": "00:14:33", "text": "they actually support MicroStrategy"}, {"start": "00:14:30", "end": "00:14:35", "text": "and the White House and BlackRock and"}, {"start": "00:14:33", "end": "00:14:37", "text": "Fidelity accumulating all the Bitcoin"}, {"start": "00:14:35", "end": "00:14:39", "text": "cuz that will cause the price to go"}, {"start": "00:14:37", "end": "00:14:41", "text": "higher. But this goes back to the the"}, {"start": "00:14:39", "end": "00:14:43", "text": "all the money and all the diamond"}, {"start": "00:14:41", "end": "00:14:45", "text": "effect. If you don't know what that is,"}, {"start": "00:14:43", "end": "00:14:46", "text": "maybe you're too young."}, {"start": "00:14:45", "end": "00:14:49", "text": "There's a there's a phrase,"}, {"start": "00:14:46", "end": "00:14:51", "text": "\"If I had all the money in the world.\""}, {"start": "00:14:49", "end": "00:14:53", "text": "What comes after that is that basically"}, {"start": "00:14:51", "end": "00:14:56", "text": "that money would be useless. If you have"}, {"start": "00:14:53", "end": "00:14:59", "text": "all of something, it has no value. It"}, {"start": "00:14:56", "end": "00:15:02", "text": "has to be spread across everyone, dare I"}, {"start": "00:14:59", "end": "00:15:04", "text": "say the masses, for it to actually have"}, {"start": "00:15:02", "end": "00:15:06", "text": "some sort of value."}, {"start": "00:15:04", "end": "00:15:08", "text": "We've been through this situation so"}, {"start": "00:15:06", "end": "00:15:10", "text": "many other times before, not just within"}, {"start": "00:15:08", "end": "00:15:13", "text": "crypto, but within real estate, within"}, {"start": "00:15:10", "end": "00:15:14", "text": "life, within assets."}, {"start": "00:15:13", "end": "00:15:18", "text": "Do you remember when I told you the"}, {"start": "00:15:14", "end": "00:15:20", "text": "story? I think it was um for LVMH."}, {"start": "00:15:18", "end": "00:15:24", "text": "Uh the like the the company that owns"}, {"start": "00:15:20", "end": "00:15:25", "text": "Louis Vuitton and all the other fashion"}, {"start": "00:15:24", "end": "00:15:27", "text": "houses."}, {"start": "00:15:25", "end": "00:15:29", "text": "There's a podcast. It's called Acquired."}, {"start": "00:15:27", "end": "00:15:32", "text": "If you get a chance listen to it. I love"}, {"start": "00:15:29", "end": "00:15:33", "text": "this podcast. And they have an episode"}, {"start": "00:15:32", "end": "00:15:36", "text": "from maybe a year or two ago. Like it's"}, {"start": "00:15:33", "end": "00:15:38", "text": "called LVMH. You'll find it."}, {"start": "00:15:36", "end": "00:15:41", "text": "And in it they talk about the actual"}, {"start": "00:15:38", "end": "00:15:43", "text": "beginnings of the company and how they"}, {"start": "00:15:41", "end": "00:15:45", "text": "came to be and how they figured out how"}, {"start": "00:15:43", "end": "00:15:46", "text": "to acquire other companies. Simple"}, {"start": "00:15:45", "end": "00:15:49", "text": "enough."}, {"start": "00:15:46", "end": "00:15:51", "text": "The way that they did it was basically"}, {"start": "00:15:49", "end": "00:15:52", "text": "if I remember correctly and it's not a"}, {"start": "00:15:51", "end": "00:15:56", "text": "spoiler like everyone should know this"}, {"start": "00:15:52", "end": "00:15:58", "text": "story. Sometime in the 70s or 80s the"}, {"start": "00:15:56", "end": "00:16:00", "text": "the head of the company, I think he went"}, {"start": "00:15:58", "end": "00:16:02", "text": "to the states."}, {"start": "00:16:00", "end": "00:16:04", "text": "And he found out about like corporate"}, {"start": "00:16:02", "end": "00:16:06", "text": "takeovers and um"}, {"start": "00:16:04", "end": "00:16:07", "text": "all these other kinds of ways to acquire"}, {"start": "00:16:06", "end": "00:16:10", "text": "companies."}, {"start": "00:16:07", "end": "00:16:12", "text": "And he he brought that back to France."}, {"start": "00:16:10", "end": "00:16:15", "text": "And it it was a thing but no one did"}, {"start": "00:16:12", "end": "00:16:17", "text": "this in France in the 80s and 90s. It"}, {"start": "00:16:15", "end": "00:16:20", "text": "was just simply, you know, whatever. So,"}, {"start": "00:16:17", "end": "00:16:22", "text": "he told his company, I want to acquire"}, {"start": "00:16:20", "end": "00:16:25", "text": "that company over there."}, {"start": "00:16:22", "end": "00:16:27", "text": "Start buying up their stock. But buy up"}, {"start": "00:16:25", "end": "00:16:29", "text": "very small amounts of that stock and"}, {"start": "00:16:27", "end": "00:16:31", "text": "we'll do this over the course of a five"}, {"start": "00:16:29", "end": "00:16:34", "text": "to 10-year period."}, {"start": "00:16:31", "end": "00:16:36", "text": "So, basically uh his company would"}, {"start": "00:16:34", "end": "00:16:38", "text": "acquire like small every single day."}, {"start": "00:16:36", "end": "00:16:40", "text": "They were buying small amounts of that"}, {"start": "00:16:38", "end": "00:16:43", "text": "stock. And then eventually at a certain"}, {"start": "00:16:40", "end": "00:16:45", "text": "point it got to um an area where that"}, {"start": "00:16:43", "end": "00:16:48", "text": "stock was actually going to be delisted"}, {"start": "00:16:45", "end": "00:16:50", "text": "from a from a um from a stock exchange."}, {"start": "00:16:48", "end": "00:16:53", "text": "Do you know why?"}, {"start": "00:16:50", "end": "00:16:55", "text": "Because the liquidity was so low."}, {"start": "00:16:53", "end": "00:16:58", "text": "No one was trading the stock and and and"}, {"start": "00:16:55", "end": "00:16:59", "text": "the and the stock exchange was like,"}, {"start": "00:16:58", "end": "00:17:02", "text": "\"If no one's trading it, it's not"}, {"start": "00:16:59", "end": "00:17:04", "text": "popular. We have to get rid of it.\""}, {"start": "00:17:02", "end": "00:17:05", "text": "So, he had to come forward and actually"}, {"start": "00:17:04", "end": "00:17:07", "text": "explain."}, {"start": "00:17:05", "end": "00:17:11", "text": "\"The reason it's not being traded is"}, {"start": "00:17:07", "end": "00:17:11", "text": "because we own almost all of it.\""}, {"start": "00:17:11", "end": "00:17:16", "text": "He himself had acquired so much of the"}, {"start": "00:17:13", "end": "00:17:18", "text": "company with no plans on selling it that"}, {"start": "00:17:16", "end": "00:17:22", "text": "they had like literally the market for"}, {"start": "00:17:18", "end": "00:17:24", "text": "it was dry cuz they held everything."}, {"start": "00:17:22", "end": "00:17:26", "text": "It's a very simple concept to"}, {"start": "00:17:24", "end": "00:17:29", "text": "understand, but for some reason in the"}, {"start": "00:17:26", "end": "00:17:32", "text": "cryptocurrency space, this doesn't"}, {"start": "00:17:29", "end": "00:17:34", "text": "translate to a lot of people. And"}, {"start": "00:17:32", "end": "00:17:37", "text": "there's there's some kind of a thing"}, {"start": "00:17:34", "end": "00:17:39", "text": "where people believe or think or agree"}, {"start": "00:17:37", "end": "00:17:41", "text": "with or believe that rich people should"}, {"start": "00:17:39", "end": "00:17:44", "text": "own the majority of things within the"}, {"start": "00:17:41", "end": "00:17:46", "text": "cryptocurrency market."}, {"start": "00:17:44", "end": "00:17:47", "text": "I'm not saying that they shouldn't be"}, {"start": "00:17:46", "end": "00:17:50", "text": "here,"}, {"start": "00:17:47", "end": "00:17:53", "text": "but if the issue already is"}, {"start": "00:17:50", "end": "00:17:55", "text": "6 million Bitcoin are lost"}, {"start": "00:17:53", "end": "00:17:58", "text": "and there's eight"}, {"start": "00:17:55", "end": "00:18:00", "text": "billion people on the planet,"}, {"start": "00:17:58", "end": "00:18:02", "text": "this should tell you by every stretch of"}, {"start": "00:18:00", "end": "00:18:04", "text": "logic and the imagination that there's"}, {"start": "00:18:02", "end": "00:18:06", "text": "not enough Bitcoin for everyone on the"}, {"start": "00:18:04", "end": "00:18:08", "text": "planet."}, {"start": "00:18:06", "end": "00:18:10", "text": "I never assumed"}, {"start": "00:18:08", "end": "00:18:12", "text": "that every single person was going to"}, {"start": "00:18:10", "end": "00:18:14", "text": "have 0.001"}, {"start": "00:18:12", "end": "00:18:17", "text": "Bitcoin and that we'd all live on some"}, {"start": "00:18:14", "end": "00:18:19", "text": "rainbow having fun dancing with each"}, {"start": "00:18:17", "end": "00:18:21", "text": "other and you know, perpetuity."}, {"start": "00:18:19", "end": "00:18:24", "text": "But even the idea of a company holding"}, {"start": "00:18:21", "end": "00:18:26", "text": "like 10,000 Bitcoin, that [snorts] sets"}, {"start": "00:18:24", "end": "00:18:27", "text": "off a bit of a red flag depending on how"}, {"start": "00:18:26", "end": "00:18:30", "text": "many people on the planet are actually"}, {"start": "00:18:27", "end": "00:18:33", "text": "holding that crypto."}, {"start": "00:18:30", "end": "00:18:35", "text": "If you have a situation where the let's"}, {"start": "00:18:33", "end": "00:18:37", "text": "say gold."}, {"start": "00:18:35", "end": "00:18:39", "text": "Let's say all the gold in the world is"}, {"start": "00:18:37", "end": "00:18:42", "text": "just 21 pieces of gold."}, {"start": "00:18:39", "end": "00:18:43", "text": "And then at some point in a rare thing,"}, {"start": "00:18:42", "end": "00:18:45", "text": "aliens come to Earth and they take 6"}, {"start": "00:18:43", "end": "00:18:48", "text": "million pieces of gold and they fly"}, {"start": "00:18:45", "end": "00:18:50", "text": "away. Oh, no, we're really sad now."}, {"start": "00:18:48", "end": "00:18:52", "text": "All the gold that we have left and we"}, {"start": "00:18:50", "end": "00:18:54", "text": "start hearing that there are 18"}, {"start": "00:18:52", "end": "00:18:56", "text": "companies on the planet"}, {"start": "00:18:54", "end": "00:18:59", "text": "who buy up all the gold"}, {"start": "00:18:56", "end": "00:19:00", "text": "all the remaining gold."}, {"start": "00:18:59", "end": "00:19:01", "text": "You go, well, you know, cool, it's gold."}, {"start": "00:19:00", "end": "00:19:03", "text": "We don't need it."}, {"start": "00:19:01", "end": "00:19:06", "text": "And then then you realize, yeah, we do."}, {"start": "00:19:03", "end": "00:19:07", "text": "You you your phone, your computer's gold"}, {"start": "00:19:06", "end": "00:19:09", "text": "is an excellent conductor of"}, {"start": "00:19:07", "end": "00:19:12", "text": "electricity."}, {"start": "00:19:09", "end": "00:19:14", "text": "The reason why you have like your phone"}, {"start": "00:19:12", "end": "00:19:16", "text": "works and your computer works and your"}, {"start": "00:19:14", "end": "00:19:19", "text": "other like electronics is because of"}, {"start": "00:19:16", "end": "00:19:19", "text": "their fragments of gold inside of them."}, {"start": "00:19:20", "end": "00:19:25", "text": "If we didn't have that gold, we couldn't"}, {"start": "00:19:22", "end": "00:19:28", "text": "have the technology that we have now."}, {"start": "00:19:25", "end": "00:19:32", "text": "If Bitcoin is supposed to be"}, {"start": "00:19:28", "end": "00:19:34", "text": "a or the future world currency,"}, {"start": "00:19:32", "end": "00:19:35", "text": "there's going to be some hiccups along"}, {"start": "00:19:34", "end": "00:19:37", "text": "the way."}, {"start": "00:19:35", "end": "00:19:39", "text": "But one of the hiccups shouldn't be that"}, {"start": "00:19:37", "end": "00:19:43", "text": "it's being controlled by these gigantic"}, {"start": "00:19:39", "end": "00:19:45", "text": "entities who call Bitcoin boring, who"}, {"start": "00:19:43", "end": "00:19:46", "text": "say that people who want to self-custody"}, {"start": "00:19:45", "end": "00:19:48", "text": "are losers,"}, {"start": "00:19:46", "end": "00:19:50", "text": "who who say that we should give control"}, {"start": "00:19:48", "end": "00:19:52", "text": "back over to the banks."}, {"start": "00:19:50", "end": "00:19:53", "text": "These are all things that Michael Saylor"}, {"start": "00:19:52", "end": "00:19:56", "text": "has said about people in the"}, {"start": "00:19:53", "end": "00:19:59", "text": "cryptocurrency community."}, {"start": "00:19:56", "end": "00:20:01", "text": "So, the other part ends up being"}, {"start": "00:19:59", "end": "00:20:02", "text": "if you say that you're not going to sell"}, {"start": "00:20:01", "end": "00:20:04", "text": "something"}, {"start": "00:20:02", "end": "00:20:07", "text": "and then you sell something, you've"}, {"start": "00:20:04", "end": "00:20:09", "text": "essentially lied. Not that anyone was"}, {"start": "00:20:07", "end": "00:20:11", "text": "expecting you to completely keep your"}, {"start": "00:20:09", "end": "00:20:13", "text": "word, but in a world where you are"}, {"start": "00:20:11", "end": "00:20:16", "text": "accumulating"}, {"start": "00:20:13", "end": "00:20:17", "text": "800,000"}, {"start": "00:20:16", "end": "00:20:19", "text": "of something, we're going to start to"}, {"start": "00:20:17", "end": "00:20:21", "text": "believe your conviction as a Bitcoin"}, {"start": "00:20:19", "end": "00:20:24", "text": "maximalist because who else has that"}, {"start": "00:20:21", "end": "00:20:26", "text": "much Bitcoin? You really love Bitcoin."}, {"start": "00:20:24", "end": "00:20:28", "text": "And then we find out that you love what"}, {"start": "00:20:26", "end": "00:20:29", "text": "Bitcoin can do for you."}, {"start": "00:20:28", "end": "00:20:31", "text": "We love that you find out that you want"}, {"start": "00:20:29", "end": "00:20:33", "text": "to become a bank and you think that"}, {"start": "00:20:31", "end": "00:20:35", "text": "Bitcoin will allow you to be able to"}, {"start": "00:20:33", "end": "00:20:38", "text": "keep people in debt, which is why"}, {"start": "00:20:35", "end": "00:20:41", "text": "Bitcoin was created to keep people away"}, {"start": "00:20:38", "end": "00:20:42", "text": "from debt entirely."}, {"start": "00:20:41", "end": "00:20:44", "text": "If you didn't know that that's what"}, {"start": "00:20:42", "end": "00:20:46", "text": "Bitcoin is for."}, {"start": "00:20:44", "end": "00:20:48", "text": "It's meant to be that you can't make up"}, {"start": "00:20:46", "end": "00:20:49", "text": "anything. What you have is what you"}, {"start": "00:20:48", "end": "00:20:51", "text": "have."}, {"start": "00:20:49", "end": "00:20:53", "text": "So, Wall Street trots in as we knew that"}, {"start": "00:20:51", "end": "00:20:56", "text": "they were going to do at some point. If"}, {"start": "00:20:53", "end": "00:20:58", "text": "if we heard in 2015, 2016, Bitcoin's"}, {"start": "00:20:56", "end": "00:21:00", "text": "going to a million dollars, these people"}, {"start": "00:20:58", "end": "00:21:02", "text": "are going to fly into the cryptocurrency"}, {"start": "00:21:00", "end": "00:21:04", "text": "space."}, {"start": "00:21:02", "end": "00:21:07", "text": "But the issue once again ends up being"}, {"start": "00:21:04", "end": "00:21:10", "text": "how little people in the cryptocurrency"}, {"start": "00:21:07", "end": "00:21:13", "text": "market understand"}, {"start": "00:21:10", "end": "00:21:15", "text": "that centralization of money and wealth"}, {"start": "00:21:13", "end": "00:21:17", "text": "like this is really bad."}, {"start": "00:21:15", "end": "00:21:20", "text": "That's what you know what like when we"}, {"start": "00:21:17", "end": "00:21:22", "text": "have issues with the central bank,"}, {"start": "00:21:20", "end": "00:21:25", "text": "the people printing all the money who've"}, {"start": "00:21:22", "end": "00:21:28", "text": "ruined the economy and the world,"}, {"start": "00:21:25", "end": "00:21:30", "text": "if you have a handful of companies who"}, {"start": "00:21:28", "end": "00:21:32", "text": "are accumulating exorbitant amounts of"}, {"start": "00:21:30", "end": "00:21:35", "text": "of of one asset"}, {"start": "00:21:32", "end": "00:21:35", "text": "and they say first of all, whatever."}, {"start": "00:21:35", "end": "00:21:37", "text": "It's"}, {"start": "00:21:35", "end": "00:21:39", "text": "This is so perplexing that people in"}, {"start": "00:21:37", "end": "00:21:41", "text": "crypto don't understand this. And I know"}, {"start": "00:21:39", "end": "00:21:42", "text": "that some of you do. I'm not saying all"}, {"start": "00:21:41", "end": "00:21:45", "text": "of you, but you understand what I mean,"}, {"start": "00:21:42", "end": "00:21:48", "text": "right? There's this really weird"}, {"start": "00:21:45", "end": "00:21:49", "text": "it doesn't affect me until it does kind"}, {"start": "00:21:48", "end": "00:21:51", "text": "of philosophy."}, {"start": "00:21:49", "end": "00:21:53", "text": "Everyone's fine"}, {"start": "00:21:51", "end": "00:21:56", "text": "with even like the idea that that that"}, {"start": "00:21:53", "end": "00:21:58", "text": "we heard that that that the White House"}, {"start": "00:21:56", "end": "00:22:00", "text": "wants a million Bitcoin. That's a"}, {"start": "00:21:58", "end": "00:22:04", "text": "gigantic red flag. No one should have a"}, {"start": "00:22:00", "end": "00:22:04", "text": "million Bitcoin."}, {"start": "00:22:04", "end": "00:22:11", "text": "I mean, at most at most, if you have 190"}, {"start": "00:22:08", "end": "00:22:14", "text": "countries on the planet, at most every"}, {"start": "00:22:11", "end": "00:22:17", "text": "government should have around maybe"}, {"start": "00:22:14", "end": "00:22:20", "text": "10,000 Bitcoin. And I say maybe like"}, {"start": "00:22:17", "end": "00:22:20", "text": "strong maybe."}, {"start": "00:22:22", "end": "00:22:26", "text": "Do you disagree?"}, {"start": "00:22:24", "end": "00:22:28", "text": "Do you think that governments"}, {"start": "00:22:26", "end": "00:22:30", "text": "and rich people should accumulate as"}, {"start": "00:22:28", "end": "00:22:34", "text": "much as they want? Cuz if that's your"}, {"start": "00:22:30", "end": "00:22:34", "text": "idea, then Bitcoin has failed."}, {"start": "00:22:35", "end": "00:22:39", "text": "When it was announced"}, {"start": "00:22:37", "end": "00:22:42", "text": "that MicroStrategy was thinking of"}, {"start": "00:22:39", "end": "00:22:44", "text": "selling Bitcoin, the price went down."}, {"start": "00:22:42", "end": "00:22:45", "text": "When they announced that they did sell"}, {"start": "00:22:44", "end": "00:22:47", "text": "some,"}, {"start": "00:22:45", "end": "00:22:50", "text": "we don't know if this sparked the great"}, {"start": "00:22:47", "end": "00:22:53", "text": "sell-off that we saw over the last week,"}, {"start": "00:22:50", "end": "00:22:56", "text": "but I'm sure it had a big portion of it."}, {"start": "00:22:53", "end": "00:22:58", "text": "If you have 800,000 Bitcoin,"}, {"start": "00:22:56", "end": "00:23:00", "text": "you have a lot."}, {"start": "00:22:58", "end": "00:23:02", "text": "What if they sold 10 Bitcoin and the"}, {"start": "00:23:00", "end": "00:23:03", "text": "price moved down?"}, {"start": "00:23:02", "end": "00:23:06", "text": "What if at some point What if What if"}, {"start": "00:23:03", "end": "00:23:07", "text": "Bitcoin goes back down to $33,000 a"}, {"start": "00:23:06", "end": "00:23:09", "text": "coin? We don't know We don't know what"}, {"start": "00:23:07", "end": "00:23:10", "text": "the future holds. What if Bitcoin goes"}, {"start": "00:23:09", "end": "00:23:12", "text": "down?"}, {"start": "00:23:10", "end": "00:23:14", "text": "And then what if this company says,"}, {"start": "00:23:12", "end": "00:23:17", "text": "\"Yeah, oh, we have to We have to sell"}, {"start": "00:23:14", "end": "00:23:18", "text": "50,000 Bitcoin now this month and and"}, {"start": "00:23:17", "end": "00:23:20", "text": "next month we might have to sell some"}, {"start": "00:23:18", "end": "00:23:22", "text": "more.\""}, {"start": "00:23:20", "end": "00:23:24", "text": "It decimates the market. It completely"}, {"start": "00:23:22", "end": "00:23:25", "text": "obliterates anything that we've had and"}, {"start": "00:23:24", "end": "00:23:27", "text": "I don't want to use the word trust cuz I"}, {"start": "00:23:25", "end": "00:23:29", "text": "didn't trust MicroStrategy from the very"}, {"start": "00:23:27", "end": "00:23:30", "text": "beginning."}, {"start": "00:23:29", "end": "00:23:33", "text": "But here we are."}, {"start": "00:23:30", "end": "00:23:35", "text": "So, yeah, it says MicroStrategy,"}, {"start": "00:23:33", "end": "00:23:38", "text": "the largest corporate holder of Bitcoin,"}, {"start": "00:23:35", "end": "00:23:41", "text": "they only sold, and I say only,"}, {"start": "00:23:38", "end": "00:23:41", "text": "32 Bitcoin last week."}, {"start": "00:23:41", "end": "00:23:45", "text": "While the amount represents less than"}, {"start": "00:23:43", "end": "00:23:49", "text": "0.004"}, {"start": "00:23:45", "end": "00:23:51", "text": "of its total holdings of 843,706"}, {"start": "00:23:49", "end": "00:23:52", "text": "Bitcoin,"}, {"start": "00:23:51", "end": "00:23:53", "text": "the market reaction was"}, {"start": "00:23:52", "end": "00:23:58", "text": "disproportionate."}, {"start": "00:23:53", "end": "00:23:59", "text": "Bitcoin's price fell 8.6% to 67,000"}, {"start": "00:23:58", "end": "00:24:01", "text": "when they announced this."}, {"start": "00:23:59", "end": "00:24:04", "text": "While shares of MicroStrategy also"}, {"start": "00:24:01", "end": "00:24:07", "text": "dropped approximately 10% in a single"}, {"start": "00:24:04", "end": "00:24:10", "text": "trading session. I don't know if you saw"}, {"start": "00:24:07", "end": "00:24:12", "text": "uh Michael Saylor's a a a really good uh"}, {"start": "00:24:10", "end": "00:24:14", "text": "backtracker."}, {"start": "00:24:12", "end": "00:24:16", "text": "So, when he called Bitcoin boring a"}, {"start": "00:24:14", "end": "00:24:18", "text": "couple of years ago and everyone was"}, {"start": "00:24:16", "end": "00:24:20", "text": "like, \"What?\""}, {"start": "00:24:18", "end": "00:24:24", "text": "He came out the next day and said, \"No,"}, {"start": "00:24:20", "end": "00:24:26", "text": "I said loring. It's It's old Greek and"}, {"start": "00:24:24", "end": "00:24:28", "text": "it means um awesome.\" I'm I'm joking,"}, {"start": "00:24:26", "end": "00:24:30", "text": "but this is kind of like what he did. He"}, {"start": "00:24:28", "end": "00:24:33", "text": "was like, \"I didn't mean boring.\""}, {"start": "00:24:30", "end": "00:24:36", "text": "Uh when he said that Bitcoin um"}, {"start": "00:24:33", "end": "00:24:38", "text": "belonged with banks and that people"}, {"start": "00:24:36", "end": "00:24:39", "text": "should put their crypto in banks and"}, {"start": "00:24:38", "end": "00:24:41", "text": "then MicroStrategy wanted to become a"}, {"start": "00:24:39", "end": "00:24:42", "text": "bank, the next day he was like, \"Oh, I I"}, {"start": "00:24:41", "end": "00:24:44", "text": "I"}, {"start": "00:24:42", "end": "00:24:46", "text": "I misspoke again.\" He keeps doing this"}, {"start": "00:24:44", "end": "00:24:49", "text": "thing over and over."}, {"start": "00:24:46", "end": "00:24:51", "text": "So, after announcing 3 weeks ago that"}, {"start": "00:24:49", "end": "00:24:53", "text": "they were planning on selling Bitcoin,"}, {"start": "00:24:51", "end": "00:24:55", "text": "the thing that they said they would"}, {"start": "00:24:53", "end": "00:24:59", "text": "never do,"}, {"start": "00:24:55", "end": "00:25:02", "text": "a day after MicroStrategy purchased $2"}, {"start": "00:24:59", "end": "00:25:03", "text": "billion worth of Bitcoin."}, {"start": "00:25:02", "end": "00:25:06", "text": "That's weird. Why would you do that?"}, {"start": "00:25:03", "end": "00:25:08", "text": "Except if there was public backlash."}, {"start": "00:25:06", "end": "00:25:11", "text": "Then I think a week later they purchased"}, {"start": "00:25:08", "end": "00:25:14", "text": "like 35 million or something like that."}, {"start": "00:25:11", "end": "00:25:15", "text": "And then last week he announced in the"}, {"start": "00:25:14", "end": "00:25:17", "text": "news that you know, like like we we we"}, {"start": "00:25:15", "end": "00:25:18", "text": "we think we might have to sell some. And"}, {"start": "00:25:17", "end": "00:25:22", "text": "I was like,"}, {"start": "00:25:18", "end": "00:25:24", "text": "\"Why not just not buy that $2 billion"}, {"start": "00:25:22", "end": "00:25:26", "text": "worth of Bitcoin?\""}, {"start": "00:25:24", "end": "00:25:29", "text": "So you know, like the the premise and"}, {"start": "00:25:26", "end": "00:25:33", "text": "the idea of um"}, {"start": "00:25:29", "end": "00:25:37", "text": "21 million Bitcoin and one. This is an"}, {"start": "00:25:33", "end": "00:25:39", "text": "old idea, but it still stands."}, {"start": "00:25:37", "end": "00:25:41", "text": "If there's only supposed to ever be 21"}, {"start": "00:25:39", "end": "00:25:44", "text": "million Bitcoin, you with me?"}, {"start": "00:25:41", "end": "00:25:48", "text": "And someone hacks into the network and"}, {"start": "00:25:44", "end": "00:25:50", "text": "they create one more Bitcoin."}, {"start": "00:25:48", "end": "00:25:52", "text": "We all lose faith in Bitcoin because"}, {"start": "00:25:50", "end": "00:25:54", "text": "then it's a lie. If we only heard that"}, {"start": "00:25:52", "end": "00:25:56", "text": "there could only ever be this much and"}, {"start": "00:25:54", "end": "00:25:57", "text": "then someone creates one more, then"}, {"start": "00:25:56", "end": "00:26:01", "text": "what's to stop someone else from"}, {"start": "00:25:57", "end": "00:26:03", "text": "creating three more or 15 more? Then at"}, {"start": "00:26:01", "end": "00:26:04", "text": "some point we have 24 million Bitcoin"}, {"start": "00:26:03", "end": "00:26:06", "text": "and everyone goes, \"Well, it's not as"}, {"start": "00:26:04", "end": "00:26:08", "text": "rare as we thought.\""}, {"start": "00:26:06", "end": "00:26:10", "text": "If you state that you're never going to"}, {"start": "00:26:08", "end": "00:26:15", "text": "sell"}, {"start": "00:26:10", "end": "00:26:17", "text": "and then you sell, it breaks trust."}, {"start": "00:26:15", "end": "00:26:19", "text": "So for the continuation of forever,"}, {"start": "00:26:17", "end": "00:26:22", "text": "no one's going to ever going to be able"}, {"start": "00:26:19", "end": "00:26:24", "text": "to completely trust MicroStrategy and"}, {"start": "00:26:22", "end": "00:26:27", "text": "heaven help us"}, {"start": "00:26:24", "end": "00:26:29", "text": "when these people have a million"}, {"start": "00:26:27", "end": "00:26:31", "text": "Bitcoin."}, {"start": "00:26:29", "end": "00:26:34", "text": "Have you thought about what's going to"}, {"start": "00:26:31", "end": "00:26:37", "text": "happen if Bitcoin goes to $12 million"}, {"start": "00:26:34", "end": "00:26:39", "text": "per coin"}, {"start": "00:26:37", "end": "00:26:40", "text": "and this company has over a million"}, {"start": "00:26:39", "end": "00:26:43", "text": "Bitcoin?"}, {"start": "00:26:40", "end": "00:26:44", "text": "And at some point they announce,"}, {"start": "00:26:43", "end": "00:26:47", "text": "\"We have to liquidate some of our"}, {"start": "00:26:44", "end": "00:26:48", "text": "holdings because, you know, the stock"}, {"start": "00:26:47", "end": "00:26:51", "text": "market's not doing too well or this"}, {"start": "00:26:48", "end": "00:26:52", "text": "isn't too hot or our our our our stock"}, {"start": "00:26:51", "end": "00:26:55", "text": "is so and so or or the company's"}, {"start": "00:26:52", "end": "00:26:55", "text": "failing."}, {"start": "00:26:56", "end": "00:27:00", "text": "So, um"}, {"start": "00:26:57", "end": "00:27:04", "text": "as I stated before, the cryptocurrency"}, {"start": "00:27:00", "end": "00:27:06", "text": "market is a perplexing place to be."}, {"start": "00:27:04", "end": "00:27:10", "text": "It holds so much promise, but at the"}, {"start": "00:27:06", "end": "00:27:12", "text": "same exact time there's almost this like"}, {"start": "00:27:10", "end": "00:27:15", "text": "uh desperation"}, {"start": "00:27:12", "end": "00:27:17", "text": "in the space by a number of people who"}, {"start": "00:27:15", "end": "00:27:20", "text": "are"}, {"start": "00:27:17", "end": "00:27:23", "text": "always willing to relinquish control"}, {"start": "00:27:20", "end": "00:27:25", "text": "back to the person who shouldn't be in"}, {"start": "00:27:23", "end": "00:27:27", "text": "control."}, {"start": "00:27:25", "end": "00:27:29", "text": "The reason why Bitcoin, and I once"}, {"start": "00:27:27", "end": "00:27:32", "text": "again, I assume maybe this has to do"}, {"start": "00:27:29", "end": "00:27:34", "text": "with age or memory."}, {"start": "00:27:32", "end": "00:27:35", "text": "The reason why Bitcoin was created is"}, {"start": "00:27:34", "end": "00:27:40", "text": "because the people who are in charge"}, {"start": "00:27:35", "end": "00:27:43", "text": "destroyed the world in 2008-2009."}, {"start": "00:27:40", "end": "00:27:45", "text": "If you've never watched the documentary"}, {"start": "00:27:43", "end": "00:27:47", "text": "of the 2008-2009 crisis, you should"}, {"start": "00:27:45", "end": "00:27:49", "text": "definitely do so."}, {"start": "00:27:47", "end": "00:27:53", "text": "Uh we were actually on the brink of a"}, {"start": "00:27:49", "end": "00:27:55", "text": "total total meltdown."}, {"start": "00:27:53", "end": "00:27:58", "text": "The thing that stopped it was the Fed"}, {"start": "00:27:55", "end": "00:27:59", "text": "printing trillions of dollars."}, {"start": "00:27:58", "end": "00:28:01", "text": "Literally like making sure that as we"}, {"start": "00:27:59", "end": "00:28:05", "text": "move into the future our our our our"}, {"start": "00:28:01", "end": "00:28:08", "text": "currency is completely screwed."}, {"start": "00:28:05", "end": "00:28:11", "text": "We were on the brink of a total economic"}, {"start": "00:28:08", "end": "00:28:13", "text": "worldwide meltdown. We're still seeing"}, {"start": "00:28:11", "end": "00:28:17", "text": "like like the the the the ripple effects"}, {"start": "00:28:13", "end": "00:28:19", "text": "of 2008-2009 today."}, {"start": "00:28:17", "end": "00:28:20", "text": "Bitcoin was created to get away from"}, {"start": "00:28:19", "end": "00:28:22", "text": "debt."}, {"start": "00:28:20", "end": "00:28:25", "text": "It was created to make sure that we had"}, {"start": "00:28:22", "end": "00:28:29", "text": "what we had and that we the people moved"}, {"start": "00:28:25", "end": "00:28:31", "text": "away from the old system."}, {"start": "00:28:29", "end": "00:28:33", "text": "As Wall Street creeps keeps keeps"}, {"start": "00:28:31", "end": "00:28:34", "text": "creeping into the space"}, {"start": "00:28:33", "end": "00:28:36", "text": "and announcing that they're launching"}, {"start": "00:28:34", "end": "00:28:39", "text": "this and they're doing that and so and"}, {"start": "00:28:36", "end": "00:28:42", "text": "so, people are once again so eager"}, {"start": "00:28:39", "end": "00:28:45", "text": "so people in crypto are so eager to give"}, {"start": "00:28:42", "end": "00:28:48", "text": "control back to the rich people. It is"}, {"start": "00:28:45", "end": "00:28:50", "text": "it is phenomenal that we've gotten to a"}, {"start": "00:28:48", "end": "00:28:51", "text": "point where BlackRock and all these"}, {"start": "00:28:50", "end": "00:28:53", "text": "other entities"}, {"start": "00:28:51", "end": "00:28:56", "text": "want to get into the space, but they"}, {"start": "00:28:53", "end": "00:28:58", "text": "should not control the entire thing"}, {"start": "00:28:56", "end": "00:29:00", "text": "because they already control everything"}, {"start": "00:28:58", "end": "00:29:02", "text": "else."}, {"start": "00:29:00", "end": "00:29:05", "text": "Have you ever wondered why your"}, {"start": "00:29:02", "end": "00:29:06", "text": "groceries keep getting more expensive,"}, {"start": "00:29:05", "end": "00:29:09", "text": "why the land keeps getting more"}, {"start": "00:29:06", "end": "00:29:11", "text": "expensive, why your taxes keep going up,"}, {"start": "00:29:09", "end": "00:29:13", "text": "why your rent keeps going up, why many"}, {"start": "00:29:11", "end": "00:29:15", "text": "people can't afford anything?"}, {"start": "00:29:13", "end": "00:29:17", "text": "It's because the same exact people who"}, {"start": "00:29:15", "end": "00:29:22", "text": "own and control all those assets are now"}, {"start": "00:29:17", "end": "00:29:22", "text": "buying up Bitcoin and crypto."}, {"start": "00:29:22", "end": "00:29:26", "text": "So, unless we actually get to a point"}, {"start": "00:29:25", "end": "00:29:28", "text": "where"}, {"start": "00:29:26", "end": "00:29:30", "text": "normal people begin to buy this, Bitcoin"}, {"start": "00:29:28", "end": "00:29:33", "text": "will have no value in the future. This"}, {"start": "00:29:30", "end": "00:29:35", "text": "isn't meant to make you angry or upset"}, {"start": "00:29:33", "end": "00:29:37", "text": "because certain people can't understand"}, {"start": "00:29:35", "end": "00:29:38", "text": "very you know, very simple ideas like"}, {"start": "00:29:37", "end": "00:29:41", "text": "this."}, {"start": "00:29:38", "end": "00:29:44", "text": "This is how you break a system."}, {"start": "00:29:41", "end": "00:29:45", "text": "Bitcoin's not meant for these people."}, {"start": "00:29:44", "end": "00:29:48", "text": "They're not meant to have so much"}, {"start": "00:29:45", "end": "00:29:50", "text": "Bitcoin. We are me and you"}, {"start": "00:29:48", "end": "00:29:52", "text": "right now,"}, {"start": "00:29:50", "end": "00:29:55", "text": "we are meant to hold"}, {"start": "00:29:52", "end": "00:29:57", "text": "fragments of Bitcoin that we use in our"}, {"start": "00:29:55", "end": "00:29:59", "text": "everyday life. Bitcoin's price is"}, {"start": "00:29:57", "end": "00:30:01", "text": "supposed to go up as people around the"}, {"start": "00:29:59", "end": "00:30:04", "text": "world realize that the old system is"}, {"start": "00:30:01", "end": "00:30:04", "text": "garbage."}, {"start": "00:30:04", "end": "00:30:08", "text": "So,"}, {"start": "00:30:06", "end": "00:30:10", "text": "um yeah, this is a huge topic of"}, {"start": "00:30:08", "end": "00:30:11", "text": "discussion. It is it is it is going to"}, {"start": "00:30:10", "end": "00:30:15", "text": "continue"}, {"start": "00:30:11", "end": "00:30:15", "text": "um because um"}, {"start": "00:30:16", "end": "00:30:21", "text": "Yeah, so"}, {"start": "00:30:18", "end": "00:30:23", "text": "hopefully things get better, but I've"}, {"start": "00:30:21", "end": "00:30:25", "text": "assumed for years that crypto was just"}, {"start": "00:30:23", "end": "00:30:27", "text": "going to be absorbed by Wall Street as"}, {"start": "00:30:25", "end": "00:30:29", "text": "we keep hearing. Whenever you hear me"}, {"start": "00:30:27", "end": "00:30:31", "text": "and and and don't don't misconstrue my"}, {"start": "00:30:29", "end": "00:30:34", "text": "words because you just sound crazy."}, {"start": "00:30:31", "end": "00:30:36", "text": "Whenever you hear me say like or when I"}, {"start": "00:30:34", "end": "00:30:37", "text": "go over the news and I talk about these"}, {"start": "00:30:36", "end": "00:30:38", "text": "companies and these institutions getting"}, {"start": "00:30:37", "end": "00:30:40", "text": "into the space,"}, {"start": "00:30:38", "end": "00:30:43", "text": "there's always like a glimmer of hope"}, {"start": "00:30:40", "end": "00:30:45", "text": "that I have that like"}, {"start": "00:30:43", "end": "00:30:47", "text": "other people around the world will also"}, {"start": "00:30:45", "end": "00:30:48", "text": "hear my video and then start to buy"}, {"start": "00:30:47", "end": "00:30:50", "text": "crypto as well because they understand"}, {"start": "00:30:48", "end": "00:30:52", "text": "what's happening."}, {"start": "00:30:50", "end": "00:30:54", "text": "You have BlackRock, you have Fidelity,"}, {"start": "00:30:52", "end": "00:30:56", "text": "you have Morgan Stanley, you have Visa"}, {"start": "00:30:54", "end": "00:30:58", "text": "and MasterCard throwing themselves at"}, {"start": "00:30:56", "end": "00:31:00", "text": "the crypto space"}, {"start": "00:30:58", "end": "00:31:02", "text": "and the only people who seem to be"}, {"start": "00:31:00", "end": "00:31:06", "text": "paying attention are the extremely"}, {"start": "00:31:02", "end": "00:31:06", "text": "wealthy who already own everything else."}, {"start": "00:31:06", "end": "00:31:12", "text": "So, um yeah. MicroStrategy is also"}, {"start": "00:31:10", "end": "00:31:14", "text": "billions of dollars in debt. If their"}, {"start": "00:31:12", "end": "00:31:15", "text": "stock price goes down, they can't repay"}, {"start": "00:31:14", "end": "00:31:19", "text": "that money which means they would have"}, {"start": "00:31:15", "end": "00:31:19", "text": "to then start selling more Bitcoin."}, {"start": "00:31:22", "end": "00:31:24", "text": "Well,"}, {"start": "00:31:23", "end": "00:31:29", "text": "um"}, {"start": "00:31:24", "end": "00:31:32", "text": "here's to hoping for better days because"}, {"start": "00:31:29", "end": "00:31:35", "text": "the people who ruined the world before"}, {"start": "00:31:32", "end": "00:31:38", "text": "are on the cusp of doing it again."}, {"start": "00:31:35", "end": "00:31:39", "text": "I do hope that you've all enjoyed."}, {"start": "00:31:38", "end": "00:31:41", "text": "I do hope that you all are having a"}, {"start": "00:31:39", "end": "00:31:43", "text": "great day, a great morning, a great"}, {"start": "00:31:41", "end": "00:31:45", "text": "afternoon, a great evening, wherever you"}, {"start": "00:31:43", "end": "00:31:46", "text": "are, wherever you might be."}, {"start": "00:31:45", "end": "00:31:48", "text": "I do hope that it is absolutely"}, {"start": "00:31:46", "end": "00:31:49", "text": "fantastic."}, {"start": "00:31:48", "end": "00:31:51", "text": "Thank you all once again for watching,"}, {"start": "00:31:49", "end": "00:31:53", "text": "listening, liking, commenting, and"}, {"start": "00:31:51", "end": "00:31:55", "text": "supporting, and I will most certainly be"}, {"start": "00:31:53", "end": "00:31:58", "text": "talking"}, {"start": "00:31:55", "end": "00:32:01", "text": "to you all soon."}, {"start": "00:31:58", "end": "00:32:01", "text": "See you."}]

[{"start": "00:00:02", "end": "00:00:10", "text": "Hello everybody."}, {"start": "00:00:04", "end": "00:00:12", "text": "Welcome back for another video."}, {"start": "00:00:10", "end": "00:00:14", "text": "Oh my gosh. I hope you're all doing"}, {"start": "00:00:12", "end": "00:00:18", "text": "well. Hope that everyone out there is"}, {"start": "00:00:14", "end": "00:00:21", "text": "doing absolutely fantastic and that"}, {"start": "00:00:18", "end": "00:00:22", "text": "you're all having a wonderful"}, {"start": "00:00:21", "end": "00:00:25", "text": "day."}, {"start": "00:00:22", "end": "00:00:29", "text": "An enormous thank you to my Patreon"}, {"start": "00:00:25", "end": "00:00:32", "text": "supporters, Trent to Jackson, Gilboa"}, {"start": "00:00:29", "end": "00:00:35", "text": "Snake, and Finley Bass. Thank you all"}, {"start": "00:00:32", "end": "00:00:37", "text": "very, very much for your"}, {"start": "00:00:35", "end": "00:00:40", "text": "support. Sorry, it was moving in the"}, {"start": "00:00:37", "end": "00:00:44", "text": "chair. Uh, don't forget to leave a like"}, {"start": "00:00:40", "end": "00:00:48", "text": "on the video. Uh, and yeah, welcome back"}, {"start": "00:00:44", "end": "00:00:51", "text": "to the channel everyone. This is um, oh"}, {"start": "00:00:48", "end": "00:00:56", "text": "boy. So, the cryptocurrency space, we"}, {"start": "00:00:51", "end": "00:01:00", "text": "are no stranger to wild, weird, wacky,"}, {"start": "00:00:56", "end": "00:01:04", "text": "dare I say insane events."}, {"start": "00:01:00", "end": "00:01:07", "text": "The last five days or so have been"}, {"start": "00:01:04", "end": "00:01:09", "text": "pretty kind of intense. I was going to"}, {"start": "00:01:07", "end": "00:01:12", "text": "say out there, no, the word is"}, {"start": "00:01:09", "end": "00:01:16", "text": "definitely intense. There seems to be a"}, {"start": "00:01:12", "end": "00:01:22", "text": "a very powerful disconnect at the moment"}, {"start": "00:01:16", "end": "00:01:24", "text": "between any kind of reality and"}, {"start": "00:01:22", "end": "00:01:27", "text": "what's actually happening within the"}, {"start": "00:01:24", "end": "00:01:29", "text": "cryptocurrency market."}, {"start": "00:01:27", "end": "00:01:32", "text": "For for whatever reason, I I I can't"}, {"start": "00:01:29", "end": "00:01:35", "text": "figure it out. I'm not able to align the"}, {"start": "00:01:32", "end": "00:01:40", "text": "chakras to kind of make sense of all of"}, {"start": "00:01:35", "end": "00:01:42", "text": "this. So, if you somehow have been under"}, {"start": "00:01:40", "end": "00:01:46", "text": "a gigantic digital rock, the"}, {"start": "00:01:42", "end": "00:01:50", "text": "cryptocurrency market prices have been"}, {"start": "00:01:46", "end": "00:01:52", "text": "destructively down and then up and then"}, {"start": "00:01:50", "end": "00:01:55", "text": "move back down again. And then it looks"}, {"start": "00:01:52", "end": "00:01:57", "text": "like there's some kind of hope and then"}, {"start": "00:01:55", "end": "00:02:01", "text": "we end up getting some kind of economic"}, {"start": "00:01:57", "end": "00:02:03", "text": "news regarding multiple conflicts or"}, {"start": "00:02:01", "end": "00:02:05", "text": "something with this happening or this"}, {"start": "00:02:03", "end": "00:02:10", "text": "might not take place and then this is"}, {"start": "00:02:05", "end": "00:02:13", "text": "going to uh um at the same time. So,"}, {"start": "00:02:10", "end": "00:02:16", "text": "it's it's it's backwards"}, {"start": "00:02:13", "end": "00:02:18", "text": "jub jubilation."}, {"start": "00:02:16", "end": "00:02:22", "text": "The happiness doesn't make a lot of"}, {"start": "00:02:18", "end": "00:02:23", "text": "sense just because of the Hold on. I'm"}, {"start": "00:02:22", "end": "00:02:24", "text": "trying to figure Hold on, hold on, hold"}, {"start": "00:02:23", "end": "00:02:26", "text": "on, hold on, hold on. Give me half a"}, {"start": "00:02:24", "end": "00:02:28", "text": "second. Hold on. Stay there. Stay there."}, {"start": "00:02:26", "end": "00:02:30", "text": "Hold on. Huh? I can't figure that out."}, {"start": "00:02:28", "end": "00:02:31", "text": "Okay, whatever. Anyway, there was"}, {"start": "00:02:30", "end": "00:02:35", "text": "something with the microphone, but it"}, {"start": "00:02:31", "end": "00:02:38", "text": "doesn't really matter. Um, right. So at"}, {"start": "00:02:35", "end": "00:02:42", "text": "the same exact time, normal financial"}, {"start": "00:02:38", "end": "00:02:45", "text": "news continues to bubble its way around"}, {"start": "00:02:42", "end": "00:02:47", "text": "the world where the stock markets are"}, {"start": "00:02:45", "end": "00:02:50", "text": "continuing to hit brand new highs. If"}, {"start": "00:02:47", "end": "00:02:52", "text": "you haven't seen it, that is constantly"}, {"start": "00:02:50", "end": "00:02:55", "text": "the news that's being discussed at great"}, {"start": "00:02:52", "end": "00:03:00", "text": "length. As it would appear that a lot of"}, {"start": "00:02:55", "end": "00:03:00", "text": "people believe, and this is all"}, {"start": "00:03:01", "end": "00:03:06", "text": "there are analysts who think that the"}, {"start": "00:03:03", "end": "00:03:09", "text": "stock market is pushing itself up higher"}, {"start": "00:03:06", "end": "00:03:11", "text": "before a gigantic crash."}, {"start": "00:03:09", "end": "00:03:13", "text": "There are other analysts who believe"}, {"start": "00:03:11", "end": "00:03:15", "text": "that basically, and this isn't a joke"}, {"start": "00:03:13", "end": "00:03:16", "text": "either. I'm going to listen to all the"}, {"start": "00:03:15", "end": "00:03:19", "text": "stuff I've been absorbing the last few"}, {"start": "00:03:16", "end": "00:03:23", "text": "weeks. There are a lot of analysts who"}, {"start": "00:03:19", "end": "00:03:26", "text": "also think that for whatever reason we"}, {"start": "00:03:23", "end": "00:03:29", "text": "might not ever"}, {"start": "00:03:26", "end": "00:03:31", "text": "actually see a a stock market crash"}, {"start": "00:03:29", "end": "00:03:35", "text": "again. I know that sounds completely"}, {"start": "00:03:31", "end": "00:03:38", "text": "insane. Their idea is that a lot of the"}, {"start": "00:03:35", "end": "00:03:40", "text": "smaller money has been wiped away."}, {"start": "00:03:38", "end": "00:03:43", "text": "Retail investors aren't really in any"}, {"start": "00:03:40", "end": "00:03:45", "text": "markets right now. Anytime that retail"}, {"start": "00:03:43", "end": "00:03:47", "text": "leaves the market, those those coins,"}, {"start": "00:03:45", "end": "00:03:50", "text": "those stocks, those assets are are"}, {"start": "00:03:47", "end": "00:03:53", "text": "subsequently scooped up by the larger"}, {"start": "00:03:50", "end": "00:03:56", "text": "players who understand that if there is"}, {"start": "00:03:53", "end": "00:03:58", "text": "a dip in price, they do not have to sell"}, {"start": "00:03:56", "end": "00:04:00", "text": "and therefore they wouldn't cuz they"}, {"start": "00:03:58", "end": "00:04:01", "text": "want to hold on to that crypto. They"}, {"start": "00:04:00", "end": "00:04:04", "text": "want to hold on to the property. They"}, {"start": "00:04:01", "end": "00:04:07", "text": "want to hold on to the stock that are"}, {"start": "00:04:04", "end": "00:04:10", "text": "giving them dividends. So I saw a couple"}, {"start": "00:04:07", "end": "00:04:13", "text": "of uh analysts discussing this and"}, {"start": "00:04:10", "end": "00:04:15", "text": "talking about the actual idea behind it"}, {"start": "00:04:13", "end": "00:04:18", "text": "and it's basically that the rich people"}, {"start": "00:04:15", "end": "00:04:20", "text": "have hoarded so much money now that it's"}, {"start": "00:04:18", "end": "00:04:23", "text": "inconsequential for them to even have to"}, {"start": "00:04:20", "end": "00:04:25", "text": "think about potentially selling any of"}, {"start": "00:04:23", "end": "00:04:26", "text": "their assets because they basically own"}, {"start": "00:04:25", "end": "00:04:28", "text": "everything."}, {"start": "00:04:26", "end": "00:04:31", "text": "Then you have the the cryptocurrency"}, {"start": "00:04:28", "end": "00:04:34", "text": "space. We've been told, me, you, I, us."}, {"start": "00:04:31", "end": "00:04:36", "text": "Yes, us right here. We've been told"}, {"start": "00:04:34", "end": "00:04:40", "text": "since around"}, {"start": "00:04:36", "end": "00:04:44", "text": "January, I I'll give you a good"}, {"start": "00:04:40", "end": "00:04:46", "text": "August 2025. We've basically been told"}, {"start": "00:04:44", "end": "00:04:48", "text": "that the four-year cycles are over for"}, {"start": "00:04:46", "end": "00:04:50", "text": "the crypto market. Prices are going to"}, {"start": "00:04:48", "end": "00:04:52", "text": "go a lot higher. Bitcoin's going to hit"}, {"start": "00:04:50", "end": "00:04:56", "text": "these extravagantly high, brand new"}, {"start": "00:04:52", "end": "00:04:58", "text": "all-time highs in in very short order."}, {"start": "00:04:56", "end": "00:05:00", "text": "And then for some reason we fall in"}, {"start": "00:04:58", "end": "00:05:03", "text": "price. And I and I'm going to show you"}, {"start": "00:05:00", "end": "00:05:06", "text": "something which only perplexes me a"}, {"start": "00:05:03", "end": "00:05:09", "text": "little bit more. So if you've paid"}, {"start": "00:05:06", "end": "00:05:12", "text": "attention to this channel, my other"}, {"start": "00:05:09", "end": "00:05:15", "text": "channel, Money Rules, or and I I dare"}, {"start": "00:05:12", "end": "00:05:18", "text": "even say crypto news in general, a good"}, {"start": "00:05:15", "end": "00:05:21", "text": "95% of it has been relatively uh like"}, {"start": "00:05:18", "end": "00:05:24", "text": "optimistic, thumbs up, no real"}, {"start": "00:05:21", "end": "00:05:27", "text": "negativity. Any negativity that we've"}, {"start": "00:05:24", "end": "00:05:28", "text": "had has revolved around prices going"}, {"start": "00:05:27", "end": "00:05:31", "text": "down, but usually you would need"}, {"start": "00:05:28", "end": "00:05:34", "text": "negative news for the price to go down,"}, {"start": "00:05:31", "end": "00:05:36", "text": "but alas, the price goes down. We've had"}, {"start": "00:05:34", "end": "00:05:39", "text": "news about companies, institutions,"}, {"start": "00:05:36", "end": "00:05:41", "text": "corporations, banks, governments, uh,"}, {"start": "00:05:39", "end": "00:05:44", "text": "creating cryptocurrency rules and"}, {"start": "00:05:41", "end": "00:05:47", "text": "regulations, and all getting ready to"}, {"start": "00:05:44", "end": "00:05:50", "text": "adopt it. We've had news about Visa and"}, {"start": "00:05:47", "end": "00:05:53", "text": "Mastercard and JP Morgan and Morgan"}, {"start": "00:05:50", "end": "00:05:56", "text": "Stanley and Goldman Sachs and BlackRock"}, {"start": "00:05:53", "end": "00:05:57", "text": "and Fidelity and all these companies"}, {"start": "00:05:56", "end": "00:06:00", "text": "like these are like real things that"}, {"start": "00:05:57", "end": "00:06:03", "text": "have taken place in the last few months"}, {"start": "00:06:00", "end": "00:06:06", "text": "actively adopting crypto. It's not that"}, {"start": "00:06:03", "end": "00:06:08", "text": "they plan on doing it. They're not"}, {"start": "00:06:06", "end": "00:06:12", "text": "talking about releasing these things in"}, {"start": "00:06:08", "end": "00:06:16", "text": "2028. They're doing it right now and"}, {"start": "00:06:12", "end": "00:06:18", "text": "then the prices fall. So I my original"}, {"start": "00:06:16", "end": "00:06:22", "text": "theory was that basically we are in the"}, {"start": "00:06:18", "end": "00:06:25", "text": "midst of some kind of"}, {"start": "00:06:22", "end": "00:06:27", "text": "heavy manipulation of of which you and I"}, {"start": "00:06:25", "end": "00:06:29", "text": "are just incapable of of completely"}, {"start": "00:06:27", "end": "00:06:32", "text": "fully understanding for whatever the"}, {"start": "00:06:29", "end": "00:06:35", "text": "reason might be. And I give you this one"}, {"start": "00:06:32", "end": "00:06:39", "text": "as well because we have"}, {"start": "00:06:35", "end": "00:06:42", "text": "we have seen this before in previous"}, {"start": "00:06:39", "end": "00:06:45", "text": "cycles in previous four-year cycles."}, {"start": "00:06:42", "end": "00:06:48", "text": "There's always been some kind of a an"}, {"start": "00:06:45", "end": "00:06:50", "text": "event, a thing that took place where we"}, {"start": "00:06:48", "end": "00:06:52", "text": "heard that companies, institutions are"}, {"start": "00:06:50", "end": "00:06:55", "text": "buying Bitcoin, buying crypto, they're"}, {"start": "00:06:52", "end": "00:06:57", "text": "in the market, and then we see prices"}, {"start": "00:06:55", "end": "00:06:59", "text": "falling."}, {"start": "00:06:57", "end": "00:07:02", "text": "That usually before in the past,"}, {"start": "00:06:59", "end": "00:07:05", "text": "especially with like such dramatic drops"}, {"start": "00:07:02", "end": "00:07:08", "text": "now, that's usually translated into like"}, {"start": "00:07:05", "end": "00:07:11", "text": "much higher prices in the very near"}, {"start": "00:07:08", "end": "00:07:14", "text": "term. Prices kind of recover. we get"}, {"start": "00:07:11", "end": "00:07:16", "text": "some kind of news from chain analysis or"}, {"start": "00:07:14", "end": "00:07:18", "text": "whatever the other company is called, I"}, {"start": "00:07:16", "end": "00:07:21", "text": "forgot their name, who then announced"}, {"start": "00:07:18", "end": "00:07:23", "text": "that basically the downturn was lightly"}, {"start": "00:07:21", "end": "00:07:25", "text": "orchestrated."}, {"start": "00:07:23", "end": "00:07:26", "text": "Someone on a crypto exchange did"}, {"start": "00:07:25", "end": "00:07:29", "text": "something which caused other people to"}, {"start": "00:07:26", "end": "00:07:30", "text": "sell their crypto. That crypto went into"}, {"start": "00:07:29", "end": "00:07:32", "text": "the hands of these large companies who"}, {"start": "00:07:30", "end": "00:07:34", "text": "then also tell us two and a half weeks"}, {"start": "00:07:32", "end": "00:07:36", "text": "later, guess what? When prices went"}, {"start": "00:07:34", "end": "00:07:38", "text": "down, we bought. And then we all sit"}, {"start": "00:07:36", "end": "00:07:40", "text": "there with pie on our faces being like,"}, {"start": "00:07:38", "end": "00:07:46", "text": "\"Oh, well, we thought prices were going"}, {"start": "00:07:40", "end": "00:07:48", "text": "to go lower.\" So, in incredibly"}, {"start": "00:07:46", "end": "00:07:52", "text": "realistic, but also bizarre news,"}, {"start": "00:07:48", "end": "00:07:55", "text": "cryptocurrency adoption hasn't slowed"}, {"start": "00:07:52", "end": "00:07:55", "text": "down."}, {"start": "00:07:55", "end": "00:08:00", "text": "I know it sounds weird,"}, {"start": "00:07:58", "end": "00:08:04", "text": "but that's what's currently happening."}, {"start": "00:08:00", "end": "00:08:07", "text": "So, a lot of times in previous 4-year"}, {"start": "00:08:04", "end": "00:08:10", "text": "cycles, we have seen"}, {"start": "00:08:07", "end": "00:08:12", "text": "if prices go down, most companies tend"}, {"start": "00:08:10", "end": "00:08:14", "text": "to shy away. Well, they'll say the thing"}, {"start": "00:08:12", "end": "00:08:16", "text": "we were planning on launching, we're"}, {"start": "00:08:14", "end": "00:08:19", "text": "going to wait to to to quarter 4 to see"}, {"start": "00:08:16", "end": "00:08:21", "text": "if the crypto market has recovered. You"}, {"start": "00:08:19", "end": "00:08:23", "text": "know, we're just going to step back for"}, {"start": "00:08:21", "end": "00:08:26", "text": "a bit. We really like crypto, but we"}, {"start": "00:08:23", "end": "00:08:30", "text": "need to see where it ends up going. That"}, {"start": "00:08:26", "end": "00:08:33", "text": "apparently isn't taking place. So, of"}, {"start": "00:08:30", "end": "00:08:34", "text": "course, in incredibly"}, {"start": "00:08:33", "end": "00:08:38", "text": "po, and this is this is a very weird"}, {"start": "00:08:34", "end": "00:08:41", "text": "one. You'll see"}, {"start": "00:08:38", "end": "00:08:46", "text": "in incredibly popular news,"}, {"start": "00:08:41", "end": "00:08:49", "text": "we had information last year"}, {"start": "00:08:46", "end": "00:08:53", "text": "about Visa. if you didn't see that uh"}, {"start": "00:08:49", "end": "00:08:56", "text": "Visa announced that they would be uh"}, {"start": "00:08:53", "end": "00:08:58", "text": "using stable coins and also using the"}, {"start": "00:08:56", "end": "00:09:00", "text": "Ethereum network to send money around"}, {"start": "00:08:58", "end": "00:09:04", "text": "the world. This was major news and this"}, {"start": "00:09:00", "end": "00:09:06", "text": "is why I understand"}, {"start": "00:09:04", "end": "00:09:08", "text": "people wanting to manipulate the market"}, {"start": "00:09:06", "end": "00:09:13", "text": "and move it lower for their own things."}, {"start": "00:09:08", "end": "00:09:16", "text": "But my thing always hinges on"}, {"start": "00:09:13", "end": "00:09:19", "text": "we live in a world where we definitively"}, {"start": "00:09:16", "end": "00:09:22", "text": "know that these companies are using"}, {"start": "00:09:19", "end": "00:09:26", "text": "blockchain. I don't understand how"}, {"start": "00:09:22", "end": "00:09:29", "text": "anyone inside of the crypto space cannot"}, {"start": "00:09:26", "end": "00:09:31", "text": "take this news to heart and"}, {"start": "00:09:29", "end": "00:09:34", "text": "have them understand where this is all"}, {"start": "00:09:31", "end": "00:09:36", "text": "going. We're constantly in this like"}, {"start": "00:09:34", "end": "00:09:39", "text": "struggle in the cryptocurrency market"}, {"start": "00:09:36", "end": "00:09:41", "text": "where if we get any bad news, people"}, {"start": "00:09:39", "end": "00:09:44", "text": "begin to completely panic and and run"}, {"start": "00:09:41", "end": "00:09:46", "text": "away despite the news that we keep"}, {"start": "00:09:44", "end": "00:09:49", "text": "getting"}, {"start": "00:09:46", "end": "00:09:53", "text": "that every company,"}, {"start": "00:09:49", "end": "00:09:55", "text": "every corporation,"}, {"start": "00:09:53", "end": "00:09:59", "text": "they're all looking at crypto and"}, {"start": "00:09:55", "end": "00:10:01", "text": "they're beginning to use it."}, {"start": "00:09:59", "end": "00:10:03", "text": "So I think there is a gigantic"}, {"start": "00:10:01", "end": "00:10:05", "text": "disconnect that is happening or has"}, {"start": "00:10:03", "end": "00:10:07", "text": "happened"}, {"start": "00:10:05", "end": "00:10:10", "text": "between everyone else and the extremely"}, {"start": "00:10:07", "end": "00:10:14", "text": "wealthy."}, {"start": "00:10:10", "end": "00:10:14", "text": "If you hear"}, {"start": "00:10:14", "end": "00:10:18", "text": "that Bitcoin, Ethereum, and crypto, I'm"}, {"start": "00:10:17", "end": "00:10:22", "text": "not saying the whole list of all these"}, {"start": "00:10:18", "end": "00:10:24", "text": "coins are being adopted"}, {"start": "00:10:22", "end": "00:10:27", "text": "by Visa,"}, {"start": "00:10:24", "end": "00:10:30", "text": "by Fidelity, by Black Rockck, by JP"}, {"start": "00:10:27", "end": "00:10:32", "text": "Morgan, by all like the heavyweights in"}, {"start": "00:10:30", "end": "00:10:34", "text": "finance. And that does nothing to your"}, {"start": "00:10:32", "end": "00:10:36", "text": "mind. It's not even about convincing"}, {"start": "00:10:34", "end": "00:10:38", "text": "you. I don't need to convince you that"}, {"start": "00:10:36", "end": "00:10:40", "text": "you need to drink water. I don't need to"}, {"start": "00:10:38", "end": "00:10:43", "text": "convince you that you know you need to"}, {"start": "00:10:40", "end": "00:10:45", "text": "go outside and get fresh air."}, {"start": "00:10:43", "end": "00:10:48", "text": "Like it it just like these are basic"}, {"start": "00:10:45", "end": "00:10:50", "text": "things. So if we hear constantly that"}, {"start": "00:10:48", "end": "00:10:53", "text": "these mega things are happening in"}, {"start": "00:10:50", "end": "00:10:55", "text": "crypto, I personally don't understand"}, {"start": "00:10:53", "end": "00:10:58", "text": "personally how people could begin to"}, {"start": "00:10:55", "end": "00:11:02", "text": "lose faith in the market"}, {"start": "00:10:58", "end": "00:11:05", "text": "as they do. So in huge news and I had to"}, {"start": "00:11:02", "end": "00:11:07", "text": "dig around because for some reason"}, {"start": "00:11:05", "end": "00:11:10", "text": "this news was presented"}, {"start": "00:11:07", "end": "00:11:13", "text": "uh not very well across every single"}, {"start": "00:11:10", "end": "00:11:15", "text": "website. No one was giving actual"}, {"start": "00:11:13", "end": "00:11:17", "text": "information and then when I found the"}, {"start": "00:11:15", "end": "00:11:19", "text": "information"}, {"start": "00:11:17", "end": "00:11:21", "text": "I was really shocked that more people"}, {"start": "00:11:19", "end": "00:11:24", "text": "weren't talking about how incredible"}, {"start": "00:11:21", "end": "00:11:27", "text": "this actually was."}, {"start": "00:11:24", "end": "00:11:30", "text": "Mastercard is in the news similar to"}, {"start": "00:11:27", "end": "00:11:33", "text": "Visa who we heard from last year and we"}, {"start": "00:11:30", "end": "00:11:35", "text": "also heard from them February or March"}, {"start": "00:11:33", "end": "00:11:38", "text": "of this year when they were discussing"}, {"start": "00:11:35", "end": "00:11:40", "text": "their plans for future crypto something"}, {"start": "00:11:38", "end": "00:11:46", "text": "something."}, {"start": "00:11:40", "end": "00:11:51", "text": "Mastercard will be settling transactions"}, {"start": "00:11:46", "end": "00:11:54", "text": "using six regulated stable coins across"}, {"start": "00:11:51", "end": "00:11:58", "text": "eight different blockchains."}, {"start": "00:11:54", "end": "00:12:00", "text": "adding intraday weekend and holiday"}, {"start": "00:11:58", "end": "00:12:02", "text": "processing alongside its existing"}, {"start": "00:12:00", "end": "00:12:05", "text": "features."}, {"start": "00:12:02", "end": "00:12:07", "text": "A lot of companies, especially the uh we"}, {"start": "00:12:05", "end": "00:12:09", "text": "heard recently the New York Stock"}, {"start": "00:12:07", "end": "00:12:13", "text": "Exchange and the NASDAQ, they're looking"}, {"start": "00:12:09", "end": "00:12:16", "text": "to try and become 24 hours a day. They"}, {"start": "00:12:13", "end": "00:12:19", "text": "aren't now, but they want to be. Why?"}, {"start": "00:12:16", "end": "00:12:21", "text": "because crypto is 247 and basically"}, {"start": "00:12:19", "end": "00:12:24", "text": "they'd be essentially"}, {"start": "00:12:21", "end": "00:12:26", "text": "essentially tripling their revenue being"}, {"start": "00:12:24", "end": "00:12:30", "text": "open three times longer than they"}, {"start": "00:12:26", "end": "00:12:32", "text": "currently actually are. Stable coins are"}, {"start": "00:12:30", "end": "00:12:34", "text": "basically going to be the foundation of"}, {"start": "00:12:32", "end": "00:12:36", "text": "the way that we send money around the"}, {"start": "00:12:34", "end": "00:12:40", "text": "world. At least this is what we continue"}, {"start": "00:12:36", "end": "00:12:43", "text": "to hear. and every"}, {"start": "00:12:40", "end": "00:12:45", "text": "bank company"}, {"start": "00:12:43", "end": "00:12:49", "text": "monetary something is also beginning to"}, {"start": "00:12:45", "end": "00:12:52", "text": "integrate these things as well. So we"}, {"start": "00:12:49", "end": "00:12:54", "text": "heard from Visa and I think they I think"}, {"start": "00:12:52", "end": "00:12:57", "text": "if I remember correctly I believe it was"}, {"start": "00:12:54", "end": "00:13:00", "text": "Ethereum, Polygon and I think Salana."}, {"start": "00:12:57", "end": "00:13:01", "text": "Salana sounds familiar in my head but I"}, {"start": "00:13:00", "end": "00:13:05", "text": "don't remember if that's one of the"}, {"start": "00:13:01", "end": "00:13:10", "text": "chains that Visa uh chose. Mastercard is"}, {"start": "00:13:05", "end": "00:13:10", "text": "choosing eight blockchains."}, {"start": "00:13:10", "end": "00:13:15", "text": "Part of the hype around crypto was that"}, {"start": "00:13:13", "end": "00:13:17", "text": "the cryptocurrency space was going to"}, {"start": "00:13:15", "end": "00:13:20", "text": "have some kind of adoption in some sort"}, {"start": "00:13:17", "end": "00:13:23", "text": "of way that people were going to use"}, {"start": "00:13:20", "end": "00:13:25", "text": "these chains. Years ago, a lot of the"}, {"start": "00:13:23", "end": "00:13:28", "text": "discussions revolved around the idea of"}, {"start": "00:13:25", "end": "00:13:30", "text": "people um do you remember like the whole"}, {"start": "00:13:28", "end": "00:13:32", "text": "like video game thing? It was very"}, {"start": "00:13:30", "end": "00:13:34", "text": "weird. It was this idea that crypto was"}, {"start": "00:13:32", "end": "00:13:35", "text": "going to take off because of video"}, {"start": "00:13:34", "end": "00:13:38", "text": "games. Everyone would play a"}, {"start": "00:13:35", "end": "00:13:40", "text": "blockchainbased type of game. This was"}, {"start": "00:13:38", "end": "00:13:41", "text": "also when we were talk anyway people"}, {"start": "00:13:40", "end": "00:13:43", "text": "were talking about like coins being"}, {"start": "00:13:41", "end": "00:13:47", "text": "integrated into these like gaming"}, {"start": "00:13:43", "end": "00:13:50", "text": "systems. Uh that then became the idea of"}, {"start": "00:13:47", "end": "00:13:51", "text": "like people buying a cup of coffee with"}, {"start": "00:13:50", "end": "00:13:53", "text": "their crypto, you know, like this kind"}, {"start": "00:13:51", "end": "00:13:55", "text": "of adoption."}, {"start": "00:13:53", "end": "00:13:57", "text": "When you hear that these chains are"}, {"start": "00:13:55", "end": "00:14:00", "text": "being adopted by the people like the"}, {"start": "00:13:57", "end": "00:14:04", "text": "people like the companies who send money"}, {"start": "00:14:00", "end": "00:14:07", "text": "around the world, tell me honestly what"}, {"start": "00:14:04", "end": "00:14:10", "text": "does that what does that do for you?"}, {"start": "00:14:07", "end": "00:14:12", "text": "Does it make you bullish? Do you not"}, {"start": "00:14:10", "end": "00:14:16", "text": "care? Do you want news that's more"}, {"start": "00:14:12", "end": "00:14:18", "text": "exciting? Because I I I I can't imagine"}, {"start": "00:14:16", "end": "00:14:20", "text": "what's more exciting than hearing that"}, {"start": "00:14:18", "end": "00:14:23", "text": "Visa and Mastercard, the people who deal"}, {"start": "00:14:20", "end": "00:14:27", "text": "in like almost half of the transactions"}, {"start": "00:14:23", "end": "00:14:28", "text": "on this planet, are going to be using"}, {"start": "00:14:27", "end": "00:14:31", "text": "blockchains"}, {"start": "00:14:28", "end": "00:14:33", "text": "that you use to send money around the"}, {"start": "00:14:31", "end": "00:14:36", "text": "world. But apparently from many people"}, {"start": "00:14:33", "end": "00:14:38", "text": "that isn't the sentiment that they that"}, {"start": "00:14:36", "end": "00:14:43", "text": "they get."}, {"start": "00:14:38", "end": "00:14:45", "text": "Separately, Visa, Stripe, and Mastercard"}, {"start": "00:14:43", "end": "00:14:48", "text": "are reportedly close to launching a"}, {"start": "00:14:45", "end": "00:14:51", "text": "joint stable coin platform with Coinbase"}, {"start": "00:14:48", "end": "00:14:54", "text": "exploring participation."}, {"start": "00:14:51", "end": "00:14:56", "text": "The move comes as the stable coin market"}, {"start": "00:14:54", "end": "00:14:58", "text": "approaches $325"}, {"start": "00:14:56", "end": "00:15:00", "text": "billion"}, {"start": "00:14:58", "end": "00:15:03", "text": "and card networks compete to build"}, {"start": "00:15:00", "end": "00:15:05", "text": "payment infrastructure around blockchain"}, {"start": "00:15:03", "end": "00:15:07", "text": "transactions."}, {"start": "00:15:05", "end": "00:15:10", "text": "We've had news before that these people"}, {"start": "00:15:07", "end": "00:15:13", "text": "are expecting the stable coin market to"}, {"start": "00:15:10", "end": "00:15:14", "text": "be worth several"}, {"start": "00:15:13", "end": "00:15:17", "text": "trillion"}, {"start": "00:15:14", "end": "00:15:19", "text": "by the year 2030. Everything leads to"}, {"start": "00:15:17", "end": "00:15:21", "text": "2030. If you've missed a couple of"}, {"start": "00:15:19", "end": "00:15:26", "text": "videos or haven't been here in a while,"}, {"start": "00:15:21", "end": "00:15:28", "text": "welcome back. Secondly, everything leads"}, {"start": "00:15:26", "end": "00:15:31", "text": "to 2030. That's always constantly the"}, {"start": "00:15:28", "end": "00:15:34", "text": "number that we are getting over and"}, {"start": "00:15:31", "end": "00:15:36", "text": "over. Popular payments platform"}, {"start": "00:15:34", "end": "00:15:38", "text": "Mastercard has announced that it will"}, {"start": "00:15:36", "end": "00:15:40", "text": "let card issuers and its customers"}, {"start": "00:15:38", "end": "00:15:42", "text": "settle card transactions using more"}, {"start": "00:15:40", "end": "00:15:45", "text": "stable coins across eight different"}, {"start": "00:15:42", "end": "00:15:46", "text": "blockchains. This comes alongside"}, {"start": "00:15:45", "end": "00:15:50", "text": "reports of a new stable coin partnership"}, {"start": "00:15:46", "end": "00:15:51", "text": "and works in between uh Visa and Stripe."}, {"start": "00:15:50", "end": "00:15:52", "text": "And I was looking around and many things"}, {"start": "00:15:51", "end": "00:15:54", "text": "were just kind of you know the bit"}, {"start": "00:15:52", "end": "00:15:57", "text": "license and this and so and I was like"}, {"start": "00:15:54", "end": "00:15:59", "text": "which which chains are there? I found"}, {"start": "00:15:57", "end": "00:16:01", "text": "this article which seems to give a"}, {"start": "00:15:59", "end": "00:16:04", "text": "little bit more. Mastercard plans to"}, {"start": "00:16:01", "end": "00:16:06", "text": "settle card transactions in six"}, {"start": "00:16:04", "end": "00:16:08", "text": "regulated stable coins across eight"}, {"start": "00:16:06", "end": "00:16:11", "text": "different blockchain networks beginning"}, {"start": "00:16:08", "end": "00:16:15", "text": "in the United States and Latin America."}, {"start": "00:16:11", "end": "00:16:18", "text": "Supported stable coins include"}, {"start": "00:16:15", "end": "00:16:22", "text": "circles USDC,"}, {"start": "00:16:18", "end": "00:16:25", "text": "Ripples's RLUSD,"}, {"start": "00:16:22", "end": "00:16:27", "text": "Paxos issued PYUSD,"}, {"start": "00:16:25", "end": "00:16:32", "text": "USDG"}, {"start": "00:16:27", "end": "00:16:35", "text": "and USDP as well as SoFi USD, Cross"}, {"start": "00:16:32", "end": "00:16:39", "text": "River Lead, is it lead bank or lead"}, {"start": "00:16:35", "end": "00:16:41", "text": "bank, CBW Bank, ARQ and Nuvie, Nuvi are"}, {"start": "00:16:39", "end": "00:16:45", "text": "the first institutions to support the"}, {"start": "00:16:41", "end": "00:16:48", "text": "onchain settlement option."}, {"start": "00:16:45", "end": "00:16:51", "text": "So,"}, {"start": "00:16:48", "end": "00:16:54", "text": "I assumed based off of cryptocurrency"}, {"start": "00:16:51", "end": "00:16:57", "text": "history and logic,"}, {"start": "00:16:54", "end": "00:17:00", "text": "especially Ripple was Ripple's stable"}, {"start": "00:16:57", "end": "00:17:04", "text": "coin was named explicitly. If you don't"}, {"start": "00:17:00", "end": "00:17:06", "text": "know how cryptocurrency news works,"}, {"start": "00:17:04", "end": "00:17:09", "text": "if you look at like rankings, if you"}, {"start": "00:17:06", "end": "00:17:11", "text": "look at like popular news, anything that"}, {"start": "00:17:09", "end": "00:17:14", "text": "has the word Bitcoin"}, {"start": "00:17:11", "end": "00:17:18", "text": "or Ripple or XRP,"}, {"start": "00:17:14", "end": "00:17:22", "text": "I mean, it skyrockets in popularity"}, {"start": "00:17:18", "end": "00:17:24", "text": "across the board. So, I don't know"}, {"start": "00:17:22", "end": "00:17:27", "text": "if it's been because of a turbulent last"}, {"start": "00:17:24", "end": "00:17:30", "text": "couple of days within the cryptocurrency"}, {"start": "00:17:27", "end": "00:17:33", "text": "market, but I expected this news in"}, {"start": "00:17:30", "end": "00:17:36", "text": "general to cause XRP to decouple from"}, {"start": "00:17:33", "end": "00:17:38", "text": "pricing upon getting news that the"}, {"start": "00:17:36", "end": "00:17:41", "text": "Ripple stable coin is going to be used"}, {"start": "00:17:38", "end": "00:17:41", "text": "by Mastercard."}, {"start": "00:17:41", "end": "00:17:46", "text": "Mastercard announced on Wednesday that"}, {"start": "00:17:44", "end": "00:17:49", "text": "it plans to add stable coin settlements"}, {"start": "00:17:46", "end": "00:17:52", "text": "to its global payments network, giving"}, {"start": "00:17:49", "end": "00:17:54", "text": "card issuers and acquirers the option to"}, {"start": "00:17:52", "end": "00:17:58", "text": "settle transactions during intraday"}, {"start": "00:17:54", "end": "00:17:59", "text": "windows on I almost said on Wednesdays"}, {"start": "00:17:58", "end": "00:18:02", "text": "on weekends"}, {"start": "00:17:59", "end": "00:18:05", "text": "and on public holidays. The new"}, {"start": "00:18:02", "end": "00:18:07", "text": "capability rungs alongside existing fiat"}, {"start": "00:18:05", "end": "00:18:10", "text": "settlement processes and does not"}, {"start": "00:18:07", "end": "00:18:12", "text": "replace them. Where's the other thing?"}, {"start": "00:18:10", "end": "00:18:15", "text": "yada yada yada. So, and so and so."}, {"start": "00:18:12", "end": "00:18:20", "text": "Mastercard named six regulated stable"}, {"start": "00:18:15", "end": "00:18:23", "text": "coins. Circles USDC. Paxos's PYUSD,"}, {"start": "00:18:20", "end": "00:18:26", "text": "USDG, USDP,"}, {"start": "00:18:23", "end": "00:18:29", "text": "Ripples's RLUSD, and SoFi USD. Three of"}, {"start": "00:18:26", "end": "00:18:31", "text": "the six tokens come from Paxos, a"}, {"start": "00:18:29", "end": "00:18:33", "text": "regulated blockchain infrastructure"}, {"start": "00:18:31", "end": "00:18:35", "text": "firm, giving multiple uh giving banks"}, {"start": "00:18:33", "end": "00:18:38", "text": "multiple compliant options for a single"}, {"start": "00:18:35", "end": "00:18:41", "text": "custody provider. The stable coins"}, {"start": "00:18:38", "end": "00:18:46", "text": "operate across eight networks."}, {"start": "00:18:41", "end": "00:18:49", "text": "You are about to hear which chains"}, {"start": "00:18:46", "end": "00:18:52", "text": "Mastercard is using. And I say this"}, {"start": "00:18:49", "end": "00:18:56", "text": "lightly. I am going to just assume"}, {"start": "00:18:52", "end": "00:18:59", "text": "that everyone is aware of or lives in a"}, {"start": "00:18:56", "end": "00:19:02", "text": "country where Visa and Mastercard are"}, {"start": "00:18:59", "end": "00:19:03", "text": "accepted. And I say that because maybe"}, {"start": "00:19:02", "end": "00:19:06", "text": "there are some people who don't"}, {"start": "00:19:03", "end": "00:19:08", "text": "understand the actual significance. This"}, {"start": "00:19:06", "end": "00:19:12", "text": "is like the black this like this is like"}, {"start": "00:19:08", "end": "00:19:15", "text": "the black rock fidelity kind of energy."}, {"start": "00:19:12", "end": "00:19:16", "text": "Visa and Mastercard are like the"}, {"start": "00:19:15", "end": "00:19:19", "text": "platforms at least for the northern"}, {"start": "00:19:16", "end": "00:19:21", "text": "hemisphere where like all transactions"}, {"start": "00:19:19", "end": "00:19:25", "text": "from banks usually end up flowing"}, {"start": "00:19:21", "end": "00:19:27", "text": "especially for credit and debit cards."}, {"start": "00:19:25", "end": "00:19:30", "text": "The stable coins operate across eight"}, {"start": "00:19:27", "end": "00:19:32", "text": "blockchain networks. They are"}, {"start": "00:19:30", "end": "00:19:34", "text": "Ethereum,"}, {"start": "00:19:32", "end": "00:19:36", "text": "Salana,"}, {"start": "00:19:34", "end": "00:19:38", "text": "Polygon,"}, {"start": "00:19:36", "end": "00:19:40", "text": "Bass,"}, {"start": "00:19:38", "end": "00:19:45", "text": "Arbitum,"}, {"start": "00:19:40", "end": "00:19:48", "text": "the XRP ledger, Canton, and Tempo."}, {"start": "00:19:45", "end": "00:19:50", "text": "We've heard several of those chains over"}, {"start": "00:19:48", "end": "00:19:55", "text": "and over. If you don't know, it's"}, {"start": "00:19:50", "end": "00:19:55", "text": "Ethereum, Salana, Polygon, and XRP."}, {"start": "00:19:55", "end": "00:20:01", "text": "The selection spans widely used public"}, {"start": "00:19:58", "end": "00:20:03", "text": "chains and enterprisegrade permissioned"}, {"start": "00:20:01", "end": "00:20:05", "text": "networks addressing a large a range of"}, {"start": "00:20:03", "end": "00:20:09", "text": "technical and regulatory requirements"}, {"start": "00:20:05", "end": "00:20:12", "text": "across participating institutions."}, {"start": "00:20:09", "end": "00:20:16", "text": "I assumed this. So, this was popular."}, {"start": "00:20:12", "end": "00:20:18", "text": "People were talking about it, but most"}, {"start": "00:20:16", "end": "00:20:20", "text": "most articles didn't have the names of"}, {"start": "00:20:18", "end": "00:20:22", "text": "the chains."}, {"start": "00:20:20", "end": "00:20:26", "text": "Most articles didn't have the names of"}, {"start": "00:20:22", "end": "00:20:29", "text": "even the coins. It was simply Mastercard"}, {"start": "00:20:26", "end": "00:20:31", "text": "is getting into stable coin payments."}, {"start": "00:20:29", "end": "00:20:33", "text": "This is gargantuan."}, {"start": "00:20:31", "end": "00:20:36", "text": "And this news also released as the"}, {"start": "00:20:33", "end": "00:20:38", "text": "market's going down."}, {"start": "00:20:36", "end": "00:20:42", "text": "So there's"}, {"start": "00:20:38", "end": "00:20:46", "text": "you can't hold on."}, {"start": "00:20:42", "end": "00:20:48", "text": "You can't get news as an investor that"}, {"start": "00:20:46", "end": "00:20:51", "text": "Visa and Mastercard are going to be"}, {"start": "00:20:48", "end": "00:20:55", "text": "sending money through stable coins on"}, {"start": "00:20:51", "end": "00:20:57", "text": "the chains that you and I use and the"}, {"start": "00:20:55", "end": "00:21:00", "text": "coins that we accumulate"}, {"start": "00:20:57", "end": "00:21:04", "text": "and then and then be bearish in any sort"}, {"start": "00:21:00", "end": "00:21:08", "text": "of way. So in similar fashion to other"}, {"start": "00:21:04", "end": "00:21:10", "text": "years, I do think we are witnessing,"}, {"start": "00:21:08", "end": "00:21:12", "text": "as I've said before, a devastating"}, {"start": "00:21:10", "end": "00:21:16", "text": "amount of manipulation"}, {"start": "00:21:12", "end": "00:21:19", "text": "in prices within this market."}, {"start": "00:21:16", "end": "00:21:22", "text": "Simply because"}, {"start": "00:21:19", "end": "00:21:24", "text": "news like this should let you understand"}, {"start": "00:21:22", "end": "00:21:27", "text": "why these companies and these people and"}, {"start": "00:21:24", "end": "00:21:29", "text": "these analysts and these economists keep"}, {"start": "00:21:27", "end": "00:21:31", "text": "coming up with these like extravagantly"}, {"start": "00:21:29", "end": "00:21:34", "text": "high price predictions."}, {"start": "00:21:31", "end": "00:21:36", "text": "It's because they know what it's going"}, {"start": "00:21:34", "end": "00:21:40", "text": "to mean for the ecosystem for the"}, {"start": "00:21:36", "end": "00:21:43", "text": "cryptocurrency market to have everyone"}, {"start": "00:21:40", "end": "00:21:45", "text": "using crypto."}, {"start": "00:21:43", "end": "00:21:48", "text": "So about two years ago when we got news"}, {"start": "00:21:45", "end": "00:21:52", "text": "that all these like mega banks around"}, {"start": "00:21:48", "end": "00:21:56", "text": "the world were buying hundreds again"}, {"start": "00:21:52", "end": "00:21:59", "text": "hundreds and millions of dollars"}, {"start": "00:21:56", "end": "00:22:01", "text": "worth of Bitcoin and crypto. This is in"}, {"start": "00:21:59", "end": "00:22:04", "text": "the exact same vein."}, {"start": "00:22:01", "end": "00:22:06", "text": "Crypto is taking over everything. It's"}, {"start": "00:22:04", "end": "00:22:07", "text": "in every single conversation. It's"}, {"start": "00:22:06", "end": "00:22:10", "text": "constantly in the news. It's always"}, {"start": "00:22:07", "end": "00:22:12", "text": "wrapped around this idea of money. how"}, {"start": "00:22:10", "end": "00:22:14", "text": "money is going to move, which chains are"}, {"start": "00:22:12", "end": "00:22:17", "text": "going to be used."}, {"start": "00:22:14", "end": "00:22:20", "text": "So once again, I'm not blaming retail"}, {"start": "00:22:17", "end": "00:22:22", "text": "investors for any kind of selloff. The"}, {"start": "00:22:20", "end": "00:22:25", "text": "the what we've experienced the last week"}, {"start": "00:22:22", "end": "00:22:27", "text": "or so. This is this this comes from like"}, {"start": "00:22:25", "end": "00:22:30", "text": "people who have huge stakes in the"}, {"start": "00:22:27", "end": "00:22:31", "text": "market, who know how to liquidate, cause"}, {"start": "00:22:30", "end": "00:22:36", "text": "prices to go lower, and then"}, {"start": "00:22:31", "end": "00:22:39", "text": "reaccumulate at at much lower prices."}, {"start": "00:22:36", "end": "00:22:41", "text": "If all of this is true,"}, {"start": "00:22:39", "end": "00:22:45", "text": "if Mastercard is going to be using these"}, {"start": "00:22:41", "end": "00:22:47", "text": "these coins and these chains, if Visa is"}, {"start": "00:22:45", "end": "00:22:50", "text": "going to be using these coins and these"}, {"start": "00:22:47", "end": "00:22:53", "text": "chains, if MoneyGram and Western Union"}, {"start": "00:22:50", "end": "00:22:55", "text": "are going to be using these chains, if"}, {"start": "00:22:53", "end": "00:22:57", "text": "everything is going to be tokenized, if"}, {"start": "00:22:55", "end": "00:22:59", "text": "everything is going to be digitized, if"}, {"start": "00:22:57", "end": "00:23:01", "text": "Black Rockck is telling us that, if JP"}, {"start": "00:22:59", "end": "00:23:04", "text": "Morgan, if Bank of America, if"}, {"start": "00:23:01", "end": "00:23:06", "text": "everyone's getting into tokenization"}, {"start": "00:23:04", "end": "00:23:09", "text": "on Ethereum, Etherum on Polygon on"}, {"start": "00:23:06", "end": "00:23:12", "text": "Salana."}, {"start": "00:23:09", "end": "00:23:14", "text": "This market's going to do insanely well"}, {"start": "00:23:12", "end": "00:23:16", "text": "in the future."}, {"start": "00:23:14", "end": "00:23:18", "text": "I I I think it's these kind of like"}, {"start": "00:23:16", "end": "00:23:21", "text": "rough patches that we will have to get"}, {"start": "00:23:18", "end": "00:23:24", "text": "over together in some sort of way, but"}, {"start": "00:23:21", "end": "00:23:26", "text": "you feel that something is is weird,"}, {"start": "00:23:24", "end": "00:23:29", "text": "right?"}, {"start": "00:23:26", "end": "00:23:30", "text": "none of none of the the actual sentiment"}, {"start": "00:23:29", "end": "00:23:32", "text": "even like a lot of times the last few"}, {"start": "00:23:30", "end": "00:23:35", "text": "weeks I've been looking at uh"}, {"start": "00:23:32", "end": "00:23:37", "text": "cryptocurrency news um there are these"}, {"start": "00:23:35", "end": "00:23:40", "text": "like metrics that go around for like"}, {"start": "00:23:37", "end": "00:23:43", "text": "fear and greed I don't know if you"}, {"start": "00:23:40", "end": "00:23:46", "text": "you've seen it basically any anytime the"}, {"start": "00:23:43", "end": "00:23:49", "text": "market moves down by 2% there's a huge"}, {"start": "00:23:46", "end": "00:23:50", "text": "like spike in fear for the market like"}, {"start": "00:23:49", "end": "00:23:52", "text": "people are literally like I don't want"}, {"start": "00:23:50", "end": "00:23:55", "text": "to invest I don't want to do anything"}, {"start": "00:23:52", "end": "00:23:58", "text": "and like we're nowhere near the greedy"}, {"start": "00:23:55", "end": "00:24:00", "text": "side, but if I read stuff on Twitter or"}, {"start": "00:23:58", "end": "00:24:02", "text": "on the internet or on Reddit or even on"}, {"start": "00:24:00", "end": "00:24:04", "text": "Instagram or if I watch videos on"}, {"start": "00:24:02", "end": "00:24:07", "text": "YouTube,"}, {"start": "00:24:04", "end": "00:24:08", "text": "there's not a big difference between"}, {"start": "00:24:07", "end": "00:24:11", "text": "stock market sentiment and"}, {"start": "00:24:08", "end": "00:24:14", "text": "cryptocurrency sentiment. The stock"}, {"start": "00:24:11", "end": "00:24:17", "text": "market's going up. And that's also in"}, {"start": "00:24:14", "end": "00:24:21", "text": "anticipation of potential movements by"}, {"start": "00:24:17", "end": "00:24:22", "text": "the Fed in the next like 10 days or"}, {"start": "00:24:21", "end": "00:24:25", "text": "something like that, which is insane to"}, {"start": "00:24:22", "end": "00:24:28", "text": "think about. the the the cryptocurrency"}, {"start": "00:24:25", "end": "00:24:30", "text": "market, it's just full of optimism, at"}, {"start": "00:24:28", "end": "00:24:32", "text": "least from everyone who's still here."}, {"start": "00:24:30", "end": "00:24:35", "text": "Maybe there's a gigantic disconnect that"}, {"start": "00:24:32", "end": "00:24:37", "text": "I'm not currently aware of, but uh"}, {"start": "00:24:35", "end": "00:24:40", "text": "people within the cryptocurrency market"}, {"start": "00:24:37", "end": "00:24:41", "text": "are either accumulating"}, {"start": "00:24:40", "end": "00:24:45", "text": "accumulating and waiting for prices to"}, {"start": "00:24:41", "end": "00:24:48", "text": "go higher or everyone's kind of it feels"}, {"start": "00:24:45", "end": "00:24:50", "text": "like on board with this idea, of course,"}, {"start": "00:24:48", "end": "00:24:54", "text": "why would anyone be against this with"}, {"start": "00:24:50", "end": "00:24:56", "text": "this idea of like a $250,000 Bitcoin by"}, {"start": "00:24:54", "end": "00:24:59", "text": "the end of the year? Of course, the last"}, {"start": "00:24:56", "end": "00:25:01", "text": "once again the last week has kind of"}, {"start": "00:24:59", "end": "00:25:04", "text": "lightly or heavily dampened"}, {"start": "00:25:01", "end": "00:25:08", "text": "expectations, but"}, {"start": "00:25:04", "end": "00:25:12", "text": "it I I I don't know. So, and in many of"}, {"start": "00:25:08", "end": "00:25:15", "text": "these cases, I try desperately not to"}, {"start": "00:25:12", "end": "00:25:18", "text": "put on my tinfoil hat, but I sit here"}, {"start": "00:25:15", "end": "00:25:20", "text": "and I wonder like"}, {"start": "00:25:18", "end": "00:25:22", "text": "I believe this is orchestrated in some"}, {"start": "00:25:20", "end": "00:25:25", "text": "sort of way. The crypto market doesn't"}, {"start": "00:25:22", "end": "00:25:27", "text": "just fall this dramatically because"}, {"start": "00:25:25", "end": "00:25:30", "text": "someone sneezed too hard. This is done"}, {"start": "00:25:27", "end": "00:25:32", "text": "by 16 companies who are working together"}, {"start": "00:25:30", "end": "00:25:33", "text": "to lower prices to get billions of"}, {"start": "00:25:32", "end": "00:25:35", "text": "people out of the market so that they"}, {"start": "00:25:33", "end": "00:25:37", "text": "can accumulate more."}, {"start": "00:25:35", "end": "00:25:39", "text": "But I I always wonder like what the next"}, {"start": "00:25:37", "end": "00:25:41", "text": "steps are, how high the market's going"}, {"start": "00:25:39", "end": "00:25:43", "text": "to be, where things are going to go,"}, {"start": "00:25:41", "end": "00:25:46", "text": "where we're going to be by 2030."}, {"start": "00:25:43", "end": "00:25:49", "text": "Yeah. Anyway,"}, {"start": "00:25:46", "end": "00:25:50", "text": "so um as you might have imagined, uh"}, {"start": "00:25:49", "end": "00:25:53", "text": "this should have been a lot more"}, {"start": "00:25:50", "end": "00:25:56", "text": "popular, but I think it was"}, {"start": "00:25:53", "end": "00:25:59", "text": "I think it was heavily dampened by any"}, {"start": "00:25:56", "end": "00:26:02", "text": "kind of news that we had about markets"}, {"start": "00:25:59", "end": "00:26:04", "text": "going down. So um as we continue this"}, {"start": "00:26:02", "end": "00:26:07", "text": "journey together, we will hear from"}, {"start": "00:26:04", "end": "00:26:10", "text": "other companies about which chains that"}, {"start": "00:26:07", "end": "00:26:13", "text": "they're using, what kind of uh stable"}, {"start": "00:26:10", "end": "00:26:15", "text": "coins or cryptocurrencies they're going"}, {"start": "00:26:13", "end": "00:26:17", "text": "to be implementing."}, {"start": "00:26:15", "end": "00:26:19", "text": "No matter what prices are, this is a"}, {"start": "00:26:17", "end": "00:26:23", "text": "personal thing. I get frustrated when"}, {"start": "00:26:19", "end": "00:26:25", "text": "prices are down as any normal investor"}, {"start": "00:26:23", "end": "00:26:28", "text": "would."}, {"start": "00:26:25", "end": "00:26:31", "text": "But for long term, this is like this is"}, {"start": "00:26:28", "end": "00:26:34", "text": "setting us up for greatness."}, {"start": "00:26:31", "end": "00:26:36", "text": "The people who send money around the"}, {"start": "00:26:34", "end": "00:26:37", "text": "world are choosing even like when you"}, {"start": "00:26:36", "end": "00:26:38", "text": "like we've been getting news like these"}, {"start": "00:26:37", "end": "00:26:40", "text": "governments are also making their"}, {"start": "00:26:38", "end": "00:26:43", "text": "central bank digital currencies and"}, {"start": "00:26:40", "end": "00:26:46", "text": "their own stable coins and they're using"}, {"start": "00:26:43", "end": "00:26:49", "text": "these chains."}, {"start": "00:26:46", "end": "00:26:51", "text": "We we've heard like like we are going to"}, {"start": "00:26:49", "end": "00:26:55", "text": "be putting our thing on Ethereum,"}, {"start": "00:26:51", "end": "00:26:55", "text": "Salana, and Polygon."}, {"start": "00:26:55", "end": "00:27:03", "text": "So yeah. Um I know times are intense."}, {"start": "00:27:00", "end": "00:27:06", "text": "Believe me, they've also I've had a"}, {"start": "00:27:03", "end": "00:27:08", "text": "rough I've had a very rough month. I"}, {"start": "00:27:06", "end": "00:27:10", "text": "This has been I don't know if everyone"}, {"start": "00:27:08", "end": "00:27:12", "text": "else is going through something"}, {"start": "00:27:10", "end": "00:27:15", "text": "dramatic. If you're not like keep it"}, {"start": "00:27:12", "end": "00:27:20", "text": "that way. Don't Don't do anything crazy."}, {"start": "00:27:15", "end": "00:27:21", "text": "I have I'm exhausted. I'm tired."}, {"start": "00:27:20", "end": "00:27:24", "text": "I don't even know what other words to"}, {"start": "00:27:21", "end": "00:27:27", "text": "use, but I'm I'm all there. So, um"}, {"start": "00:27:24", "end": "00:27:30", "text": "here's to hoping that the next leg up"}, {"start": "00:27:27", "end": "00:27:34", "text": "begins soon and that prices recover and"}, {"start": "00:27:30", "end": "00:27:35", "text": "that we get to that $250,000 Bitcoin"}, {"start": "00:27:34", "end": "00:27:37", "text": "because it does feel like it's on its"}, {"start": "00:27:35", "end": "00:27:40", "text": "way, especially with all this news that"}, {"start": "00:27:37", "end": "00:27:42", "text": "we've um been getting."}, {"start": "00:27:40", "end": "00:27:46", "text": "Yeah."}, {"start": "00:27:42", "end": "00:27:48", "text": "I hope that you've all enjoyed."}, {"start": "00:27:46", "end": "00:27:50", "text": "I hope that you all are having a great"}, {"start": "00:27:48", "end": "00:27:52", "text": "day, a great morning, afternoon,"}, {"start": "00:27:50", "end": "00:27:54", "text": "evening, wherever you are, wherever the"}, {"start": "00:27:52", "end": "00:27:56", "text": "heck you might be. I do hope that it is"}, {"start": "00:27:54", "end": "00:27:59", "text": "absolutely fantastic."}, {"start": "00:27:56", "end": "00:28:01", "text": "Thank you all once again for watching,"}, {"start": "00:27:59", "end": "00:28:05", "text": "listening, liking, commenting, and"}, {"start": "00:28:01", "end": "00:28:10", "text": "supporting. And I will most certainly be"}, {"start": "00:28:05", "end": "00:28:13", "text": "talking to you all soon."}, {"start": "00:28:10", "end": "00:28:13", "text": "See you."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Yes, yes, yes, yes. Guys, welcome to"}, {"start": "00:00:01", "end": "00:00:05", "text": "another episode. As you can see, right"}, {"start": "00:00:03", "end": "00:00:06", "text": "now, Bitcoin is doing something very,"}, {"start": "00:00:05", "end": "00:00:09", "text": "very interesting. We've bounced off of"}, {"start": "00:00:06", "end": "00:00:11", "text": "the 200 week moving average. We're going"}, {"start": "00:00:09", "end": "00:00:13", "text": "higher and higher and higher. We're now"}, {"start": "00:00:11", "end": "00:00:16", "text": "testing a very, very big resistance,"}, {"start": "00:00:13", "end": "00:00:19", "text": "guys. I mean, this resistance here at"}, {"start": "00:00:16", "end": "00:00:22", "text": "approximately 65, this yellow line right"}, {"start": "00:00:19", "end": "00:00:25", "text": "here, it is going to be quite important"}, {"start": "00:00:22", "end": "00:00:27", "text": "for us to breach and go up and leave it"}, {"start": "00:00:25", "end": "00:00:29", "text": "behind because this is the big danger"}, {"start": "00:00:27", "end": "00:00:32", "text": "now that we get rejected here. And for"}, {"start": "00:00:29", "end": "00:00:34", "text": "now, at least for now, Bitcoin is above"}, {"start": "00:00:32", "end": "00:00:37", "text": "it. Bitcoin is still pushing above it"}, {"start": "00:00:34", "end": "00:00:39", "text": "within a macro bear trend. Bitcoin is"}, {"start": "00:00:37", "end": "00:00:41", "text": "still in micro micro bear trend. Meaning"}, {"start": "00:00:39", "end": "00:00:43", "text": "that we're prepared for downside. We're"}, {"start": "00:00:41", "end": "00:00:45", "text": "prepared to get rejected here. We're"}, {"start": "00:00:43", "end": "00:00:47", "text": "prepared that it's going to go lower."}, {"start": "00:00:45", "end": "00:00:50", "text": "But at the same time, the bare market"}, {"start": "00:00:47", "end": "00:00:51", "text": "just has a few months. I think that"}, {"start": "00:00:50", "end": "00:00:54", "text": "within the coming four, maybe five"}, {"start": "00:00:51", "end": "00:00:56", "text": "months, we're out of the bare out of the"}, {"start": "00:00:54", "end": "00:00:58", "text": "bare, you know, where we are out of the"}, {"start": "00:00:56", "end": "00:01:00", "text": "bare hole, so to speak. you know which"}, {"start": "00:00:58", "end": "00:01:02", "text": "hole we're going to be climbing out"}, {"start": "00:01:00", "end": "00:01:05", "text": "there. We're climbing out there and we"}, {"start": "00:01:02", "end": "00:01:07", "text": "are seeing more and more things pointing"}, {"start": "00:01:05", "end": "00:01:11", "text": "to bullishness. For example, there is a"}, {"start": "00:01:07", "end": "00:01:14", "text": "bit of a rebirth in gaming. You have"}, {"start": "00:01:11", "end": "00:01:18", "text": "this lady here. She's a partner at A16Z."}, {"start": "00:01:14", "end": "00:01:20", "text": "She is basically promoting this low cap"}, {"start": "00:01:18", "end": "00:01:22", "text": "games. Uh but she's not posting the"}, {"start": "00:01:20", "end": "00:01:24", "text": "actual token. She's just saying that"}, {"start": "00:01:22", "end": "00:01:26", "text": "listen, a lot of these games, they're"}, {"start": "00:01:24", "end": "00:01:29", "text": "made by AI. You have this world of"}, {"start": "00:01:26", "end": "00:01:31", "text": "clawcraft, an open- source MMO created"}, {"start": "00:01:29", "end": "00:01:33", "text": "with Fable 5, which got removed"}, {"start": "00:01:31", "end": "00:01:35", "text": "unfortunately. Shockingly full featured."}, {"start": "00:01:33", "end": "00:01:37", "text": "You can accept quests, trade items, this"}, {"start": "00:01:35", "end": "00:01:42", "text": "and that. And of course, it it is a coin"}, {"start": "00:01:37", "end": "00:01:43", "text": "on Sana. You have uh Kinstara, Kinta,"}, {"start": "00:01:42", "end": "00:01:46", "text": "Kintara. You have I mean all kinds of"}, {"start": "00:01:43", "end": "00:01:48", "text": "these things. And the important thing is"}, {"start": "00:01:46", "end": "00:01:50", "text": "that not is not necessarily to trade it."}, {"start": "00:01:48", "end": "00:01:51", "text": "I mean, we're not going all in on this"}, {"start": "00:01:50", "end": "00:01:52", "text": "[�__�] coins. I mean, many of them are"}, {"start": "00:01:51", "end": "00:01:56", "text": "super small. I mean you see here like"}, {"start": "00:01:52", "end": "00:01:58", "text": "100k so don't touch them but overall"}, {"start": "00:01:56", "end": "00:02:01", "text": "this phenomena this phenomena that"}, {"start": "00:01:58", "end": "00:02:03", "text": "people care about shitcoins of this"}, {"start": "00:02:01", "end": "00:02:05", "text": "small size is bullish okay it's bullish"}, {"start": "00:02:03", "end": "00:02:07", "text": "it means that we are seeing a bit of a"}, {"start": "00:02:05", "end": "00:02:09", "text": "rebirth we spoke a bit about this"}, {"start": "00:02:07", "end": "00:02:11", "text": "yesterday also but this is the kind of"}, {"start": "00:02:09", "end": "00:02:14", "text": "stuff you want to see right before the"}, {"start": "00:02:11", "end": "00:02:16", "text": "next bull because I remember in the last"}, {"start": "00:02:14", "end": "00:02:19", "text": "last bare market when Pepe started a lot"}, {"start": "00:02:16", "end": "00:02:22", "text": "of this [�__�] memes came uh you know"}, {"start": "00:02:19", "end": "00:02:24", "text": "Harry Potter Obama Sonic you know, it"}, {"start": "00:02:22", "end": "00:02:25", "text": "was still bearish. I mean, Bitcoin, as"}, {"start": "00:02:24", "end": "00:02:27", "text": "far as I remember, Bitcoin was still"}, {"start": "00:02:25", "end": "00:02:29", "text": "bearish. As far as I remember, we're"}, {"start": "00:02:27", "end": "00:02:32", "text": "still in in a bare trend. It was still"}, {"start": "00:02:29", "end": "00:02:35", "text": "not bullish, but then a lot of this dumb"}, {"start": "00:02:32", "end": "00:02:38", "text": "stuff happened to start to happen, and"}, {"start": "00:02:35", "end": "00:02:40", "text": "that was the first ignition for the for"}, {"start": "00:02:38", "end": "00:02:43", "text": "the bulls. So, that's number one. Number"}, {"start": "00:02:40", "end": "00:02:45", "text": "two, some charts some charts are"}, {"start": "00:02:43", "end": "00:02:48", "text": "starting to point up. For example, when"}, {"start": "00:02:45", "end": "00:02:50", "text": "you look at JTO, look at JTO. This is"}, {"start": "00:02:48", "end": "00:02:53", "text": "one of these uh uh Sulana ecosystem"}, {"start": "00:02:50", "end": "00:02:55", "text": "coins which has been in a bare trend"}, {"start": "00:02:53", "end": "00:02:58", "text": "since uh Q4 actually even before since"}, {"start": "00:02:55", "end": "00:03:01", "text": "April since March 2025"}, {"start": "00:02:58", "end": "00:03:04", "text": "found a bottom did a rounded bottom like"}, {"start": "00:03:01", "end": "00:03:05", "text": "this rounded bottom like this very very"}, {"start": "00:03:04", "end": "00:03:08", "text": "nice that there's a rounded bottom and"}, {"start": "00:03:05", "end": "00:03:13", "text": "now going into bull trend for the first"}, {"start": "00:03:08", "end": "00:03:15", "text": "time since March 2025. Okay, this March"}, {"start": "00:03:13", "end": "00:03:17", "text": "2025. This is important because when"}, {"start": "00:03:15", "end": "00:03:19", "text": "things go bullish after this amount of"}, {"start": "00:03:17", "end": "00:03:21", "text": "months being bare, you have to pay"}, {"start": "00:03:19", "end": "00:03:24", "text": "attention especially if it is on weekly"}, {"start": "00:03:21", "end": "00:03:26", "text": "chart. So, we will be monitoring and be"}, {"start": "00:03:24", "end": "00:03:29", "text": "monitor monitoring this in a big big"}, {"start": "00:03:26", "end": "00:03:31", "text": "way. And uh yeah, this basically means"}, {"start": "00:03:29", "end": "00:03:33", "text": "that if you are trading all coins, this"}, {"start": "00:03:31", "end": "00:03:35", "text": "is one of the uh one of the ones to keep"}, {"start": "00:03:33", "end": "00:03:36", "text": "an eye on because it's bullish and most"}, {"start": "00:03:35", "end": "00:03:38", "text": "of them are bearish. Most of them are"}, {"start": "00:03:36", "end": "00:03:40", "text": "still bearish, but this one managed to"}, {"start": "00:03:38", "end": "00:03:42", "text": "become bullish on a weekly trend. did"}, {"start": "00:03:40", "end": "00:03:43", "text": "the round bottom. Overall, this looks"}, {"start": "00:03:42", "end": "00:03:46", "text": "quite nice as a chart. We're going to be"}, {"start": "00:03:43", "end": "00:03:48", "text": "following up. Looking at Jupiter, still"}, {"start": "00:03:46", "end": "00:03:50", "text": "bare. So, don't touch Jupiter. This is"}, {"start": "00:03:48", "end": "00:03:52", "text": "uh not good. Can still go lower. Uh"}, {"start": "00:03:50", "end": "00:03:54", "text": "Helium. Oh my. Helium. Very bad. Very"}, {"start": "00:03:52", "end": "00:03:55", "text": "bad. You see it? It breached this"}, {"start": "00:03:54", "end": "00:03:57", "text": "support we were drawing maybe a month"}, {"start": "00:03:55", "end": "00:03:59", "text": "ago. Went lower. So, don't touch. Don't"}, {"start": "00:03:57", "end": "00:04:00", "text": "touch things that are still bare. This"}, {"start": "00:03:59", "end": "00:04:03", "text": "render still bare. Don't touch. Don't"}, {"start": "00:04:00", "end": "00:04:06", "text": "touch. Pump. Pump. Still bare. Don't"}, {"start": "00:04:03", "end": "00:04:08", "text": "touch. Don't touch. Only touch if it's"}, {"start": "00:04:06", "end": "00:04:10", "text": "bull. And the only one that's bull right"}, {"start": "00:04:08", "end": "00:04:12", "text": "now is uh due to because we're still"}, {"start": "00:04:10", "end": "00:04:13", "text": "technically we're still in a deep bare"}, {"start": "00:04:12", "end": "00:04:15", "text": "technically Bitcoin is still super"}, {"start": "00:04:13", "end": "00:04:18", "text": "bearish in terms of the trend but you"}, {"start": "00:04:15", "end": "00:04:20", "text": "see the first signs the first signs here"}, {"start": "00:04:18", "end": "00:04:23", "text": "and there. So that's number one. Number"}, {"start": "00:04:20", "end": "00:04:26", "text": "two, also this whole thing with uh AI"}, {"start": "00:04:23", "end": "00:04:28", "text": "getting banned. The fact that Fable got"}, {"start": "00:04:26", "end": "00:04:31", "text": "uh banned by the US government for"}, {"start": "00:04:28", "end": "00:04:34", "text": "exports. U this is so big for crypto"}, {"start": "00:04:31", "end": "00:04:37", "text": "narrative as well because not only is it"}, {"start": "00:04:34", "end": "00:04:40", "text": "bad for for the developers of AI. If you"}, {"start": "00:04:37", "end": "00:04:43", "text": "do AI and you have a centralized u"}, {"start": "00:04:40", "end": "00:04:45", "text": "centralized company, you can get"}, {"start": "00:04:43", "end": "00:04:47", "text": "targeted by US government because they"}, {"start": "00:04:45", "end": "00:04:49", "text": "don't like you. I mean in many cases is"}, {"start": "00:04:47", "end": "00:04:50", "text": "simply because they don't like you. And"}, {"start": "00:04:49", "end": "00:04:53", "text": "I think in this case it could be like"}, {"start": "00:04:50", "end": "00:04:55", "text": "that because Trump does not like"}, {"start": "00:04:53", "end": "00:04:57", "text": "Anthropia guys. If you Google Trump"}, {"start": "00:04:55", "end": "00:04:59", "text": "versus Anthropic, if you Google what has"}, {"start": "00:04:57", "end": "00:05:02", "text": "been going on, Anthropic got banned from"}, {"start": "00:04:59", "end": "00:05:05", "text": "all of the governmental use. Uh this was"}, {"start": "00:05:02", "end": "00:05:09", "text": "months ago and now uh they are coming in"}, {"start": "00:05:05", "end": "00:05:12", "text": "and basically banning export for uh for"}, {"start": "00:05:09", "end": "00:05:14", "text": "anthropic latest model. So this is very"}, {"start": "00:05:12", "end": "00:05:17", "text": "important and uh you will have a push"}, {"start": "00:05:14", "end": "00:05:19", "text": "towards decentralized AI. Look here."}, {"start": "00:05:17", "end": "00:05:23", "text": "They screwed us. Personality clashes"}, {"start": "00:05:19", "end": "00:05:25", "text": "sent Anthropic models offline. Anthropic"}, {"start": "00:05:23", "end": "00:05:27", "text": "has once again found itself in the Trump"}, {"start": "00:05:25", "end": "00:05:30", "text": "administration crosshairs over an"}, {"start": "00:05:27", "end": "00:05:33", "text": "inability to communicate effectively."}, {"start": "00:05:30", "end": "00:05:35", "text": "Okay. U US officials say Fable and Mus"}, {"start": "00:05:33", "end": "00:05:39", "text": "were shut down because Anthropic can't"}, {"start": "00:05:35", "end": "00:05:43", "text": "speak Trump's language."}, {"start": "00:05:39", "end": "00:05:45", "text": "Yeah, it's called money. This guy says"}, {"start": "00:05:43", "end": "00:05:48", "text": "maybe they did not sweeten the deal for"}, {"start": "00:05:45", "end": "00:05:51", "text": "Trump. Maybe they did not pay respect to"}, {"start": "00:05:48", "end": "00:05:52", "text": "the dawn in the proper way. Who the hell"}, {"start": "00:05:51", "end": "00:05:56", "text": "knows? But at the end of the day, you"}, {"start": "00:05:52", "end": "00:05:58", "text": "need the centralized AI for this just US"}, {"start": "00:05:56", "end": "00:05:59", "text": "domestic reason. You have a big risk"}, {"start": "00:05:58", "end": "00:06:01", "text": "with administration. What they going to"}, {"start": "00:05:59", "end": "00:06:03", "text": "do? But then also international"}, {"start": "00:06:01", "end": "00:06:05", "text": "political reason. Look here, Canadian"}, {"start": "00:06:03", "end": "00:06:07", "text": "Prime Minister Mark Carney has said that"}, {"start": "00:06:05", "end": "00:06:10", "text": "the US restrictions on neanthropic AMLs"}, {"start": "00:06:07", "end": "00:06:12", "text": "show danger of relying too much on"}, {"start": "00:06:10", "end": "00:06:14", "text": "American providers. So at the end of the"}, {"start": "00:06:12", "end": "00:06:16", "text": "day, it's another push towards"}, {"start": "00:06:14", "end": "00:06:18", "text": "decentralized AI. If we look at"}, {"start": "00:06:16", "end": "00:06:20", "text": "different decentralized AI, I just put"}, {"start": "00:06:18", "end": "00:06:22", "text": "the, you know, the the most important"}, {"start": "00:06:20", "end": "00:06:24", "text": "ones. I don't want to have like a big"}, {"start": "00:06:22", "end": "00:06:26", "text": "fat list like Coin Gecko where where"}, {"start": "00:06:24", "end": "00:06:29", "text": "things are barely AI, but you you know,"}, {"start": "00:06:26", "end": "00:06:31", "text": "you still have um uh Venice in a bull"}, {"start": "00:06:29", "end": "00:06:34", "text": "trend. Very very very nice. Anything"}, {"start": "00:06:31", "end": "00:06:36", "text": "that's in a bull trend is up 359% since"}, {"start": "00:06:34", "end": "00:06:39", "text": "it bullish back here. So this one looks"}, {"start": "00:06:36", "end": "00:06:41", "text": "good. uh fetch AI or you know how they"}, {"start": "00:06:39", "end": "00:06:43", "text": "called now like this international AI"}, {"start": "00:06:41", "end": "00:06:46", "text": "alliance whatever they're called very"}, {"start": "00:06:43", "end": "00:06:48", "text": "bad still be bare trend don't touch to"}, {"start": "00:06:46", "end": "00:06:50", "text": "technically bull but wait for it to go"}, {"start": "00:06:48", "end": "00:06:52", "text": "above here because the bull it's weak"}, {"start": "00:06:50", "end": "00:06:54", "text": "it's weak it kind of went almost bare"}, {"start": "00:06:52", "end": "00:06:56", "text": "again so don't touch until they go above"}, {"start": "00:06:54", "end": "00:06:59", "text": "these highs right here so the only one"}, {"start": "00:06:56", "end": "00:07:01", "text": "that's good right now is um is Venice uh"}, {"start": "00:06:59", "end": "00:07:02", "text": "because it's still bull still looking"}, {"start": "00:07:01", "end": "00:07:06", "text": "good we want strong chart this one is"}, {"start": "00:07:02", "end": "00:07:08", "text": "strong strong very very very nice and u"}, {"start": "00:07:06", "end": "00:07:10", "text": "Again, early sign of the bullet, we have"}, {"start": "00:07:08", "end": "00:07:13", "text": "a narrative. We do have a narrative. Uh"}, {"start": "00:07:10", "end": "00:07:15", "text": "that's very very nice and it's so so"}, {"start": "00:07:13", "end": "00:07:18", "text": "important and so central to to"}, {"start": "00:07:15", "end": "00:07:21", "text": "everything that's going on. Next, you do"}, {"start": "00:07:18", "end": "00:07:24", "text": "have a lot of money uh being able to get"}, {"start": "00:07:21", "end": "00:07:28", "text": "invested. Okay. Uh you look at SpaceX,"}, {"start": "00:07:24", "end": "00:07:31", "text": "SpaceX mania is massive. SpaceX three"}, {"start": "00:07:28", "end": "00:07:33", "text": "trillion market cap today. Uh the plebe"}, {"start": "00:07:31", "end": "00:07:36", "text": "is buying SpaceX at Costco. Here is"}, {"start": "00:07:33", "end": "00:07:38", "text": "someone at Costco. Bye bye bye bye bye"}, {"start": "00:07:36", "end": "00:07:40", "text": "bye byeing SpaceX. Uh here is where if"}, {"start": "00:07:38", "end": "00:07:42", "text": "you are trading SpaceX on the let's"}, {"start": "00:07:40", "end": "00:07:44", "text": "let's see on the one hour chart you"}, {"start": "00:07:42", "end": "00:07:46", "text": "should have a trend now. So we have"}, {"start": "00:07:44", "end": "00:07:48", "text": "something to work with. That's very very"}, {"start": "00:07:46", "end": "00:07:52", "text": "nice. Where did I put it? SpaceX. SpaceX"}, {"start": "00:07:48", "end": "00:07:54", "text": "SpaceX. SpaceX. Where is it? There."}, {"start": "00:07:52", "end": "00:07:57", "text": "There. There. So you have fantastic"}, {"start": "00:07:54", "end": "00:07:59", "text": "fantastic trend now on the hourly. Let's"}, {"start": "00:07:57", "end": "00:08:01", "text": "go here. Uh or actually not even on the"}, {"start": "00:07:59", "end": "00:08:03", "text": "hourly yet. It should today we should"}, {"start": "00:08:01", "end": "00:08:04", "text": "have it on an hourly. So to trade it"}, {"start": "00:08:03", "end": "00:08:06", "text": "let's see 30 minutes. You have 30"}, {"start": "00:08:04", "end": "00:08:08", "text": "minutes. 30 minute we have a trend. 30"}, {"start": "00:08:06", "end": "00:08:11", "text": "minute we have a trend. Very very nice."}, {"start": "00:08:08", "end": "00:08:14", "text": "Uh overall overall uh the likelihood of"}, {"start": "00:08:11", "end": "00:08:16", "text": "something like this in the coming uh"}, {"start": "00:08:14", "end": "00:08:19", "text": "quarters is very very big guys. No one"}, {"start": "00:08:16", "end": "00:08:21", "text": "cares about Bitcoin now. Uh everyone is"}, {"start": "00:08:19", "end": "00:08:23", "text": "you know all the SpaceX all SpaceX and"}, {"start": "00:08:21", "end": "00:08:25", "text": "it's going to flip very very rapidly."}, {"start": "00:08:23", "end": "00:08:30", "text": "The the only difference here is that"}, {"start": "00:08:25", "end": "00:08:32", "text": "with SpaceX, the amount that the the um"}, {"start": "00:08:30", "end": "00:08:35", "text": "that that was possible to get in in at"}, {"start": "00:08:32", "end": "00:08:38", "text": "was 175 or so. With Bitcoin, you have a"}, {"start": "00:08:35", "end": "00:08:40", "text": "crazy discount here already at 200 week"}, {"start": "00:08:38", "end": "00:08:42", "text": "moving average versus the potential. I"}, {"start": "00:08:40", "end": "00:08:43", "text": "mean, for SpaceX to do something like"}, {"start": "00:08:42", "end": "00:08:45", "text": "Bitcoin is about to do in the coming"}, {"start": "00:08:43", "end": "00:08:46", "text": "years, it has to do I mean it has to go"}, {"start": "00:08:45", "end": "00:08:49", "text": "to like 10 trillion or something. It has"}, {"start": "00:08:46", "end": "00:08:52", "text": "to go to 10 trillion market cap. So you"}, {"start": "00:08:49", "end": "00:08:55", "text": "always have to look at what is the uh"}, {"start": "00:08:52", "end": "00:08:58", "text": "the upside from here and uh what's"}, {"start": "00:08:55", "end": "00:09:00", "text": "what's uh possible for you to be to be"}, {"start": "00:08:58", "end": "00:09:02", "text": "part of. Also SpaceX is going to have"}, {"start": "00:09:00", "end": "00:09:05", "text": "massive unlocks. They have 7% unlock in"}, {"start": "00:09:02", "end": "00:09:07", "text": "August, another 7% later this year in"}, {"start": "00:09:05", "end": "00:09:10", "text": "like October and another 7% I think"}, {"start": "00:09:07", "end": "00:09:12", "text": "around that time also. So all in all a"}, {"start": "00:09:10", "end": "00:09:13", "text": "lot of new shares are going to come onto"}, {"start": "00:09:12", "end": "00:09:16", "text": "the market. That's why some people are"}, {"start": "00:09:13", "end": "00:09:18", "text": "saying that SpaceX is a bit like lowflat"}, {"start": "00:09:16", "end": "00:09:20", "text": "uh memecoin now. Okay, it's a low float"}, {"start": "00:09:18", "end": "00:09:22", "text": "meme coins. Very very few shares are"}, {"start": "00:09:20", "end": "00:09:25", "text": "actually circulating. A lot of shares"}, {"start": "00:09:22", "end": "00:09:28", "text": "are going to start to circulate in the"}, {"start": "00:09:25", "end": "00:09:31", "text": "coming months. So trade it on the trend."}, {"start": "00:09:28", "end": "00:09:34", "text": "You have now the 30inut uh trend uh"}, {"start": "00:09:31", "end": "00:09:37", "text": "confirmed uh but but but uh understand"}, {"start": "00:09:34", "end": "00:09:39", "text": "that as soon as it turns bare as soon as"}, {"start": "00:09:37", "end": "00:09:41", "text": "the momentum shifts which I think is"}, {"start": "00:09:39", "end": "00:09:43", "text": "very likelihood in the coming coming"}, {"start": "00:09:41", "end": "00:09:45", "text": "months. Why? Because you have big"}, {"start": "00:09:43", "end": "00:09:47", "text": "attention now. This is the highest"}, {"start": "00:09:45", "end": "00:09:49", "text": "attention SpaceX is ever going to have"}, {"start": "00:09:47", "end": "00:09:51", "text": "uh within I mean until they go to Mars"}, {"start": "00:09:49", "end": "00:09:53", "text": "or something I guess. I mean for SpaceX"}, {"start": "00:09:51", "end": "00:09:55", "text": "to have this amount of attention they"}, {"start": "00:09:53", "end": "00:09:57", "text": "have now they have to freaking colonize"}, {"start": "00:09:55", "end": "00:09:59", "text": "Mars man. We have to we have to go to"}, {"start": "00:09:57", "end": "00:10:01", "text": "Alpha Centauri. We have to figure"}, {"start": "00:09:59", "end": "00:10:03", "text": "something out to have this kind of"}, {"start": "00:10:01", "end": "00:10:05", "text": "attention. We are at peak peak peak"}, {"start": "00:10:03", "end": "00:10:08", "text": "attention. Now"}, {"start": "00:10:05", "end": "00:10:10", "text": "when you look at Bitcoin no one cares"}, {"start": "00:10:08", "end": "00:10:12", "text": "about but no one cares. No one cares."}, {"start": "00:10:10", "end": "00:10:15", "text": "Everyone is joking saying it failed. It"}, {"start": "00:10:12", "end": "00:10:18", "text": "was fugazi all along yada yada yada. And"}, {"start": "00:10:15", "end": "00:10:20", "text": "here is where I agree with um Ansam"}, {"start": "00:10:18", "end": "00:10:22", "text": "where he describes the opportunities."}, {"start": "00:10:20", "end": "00:10:25", "text": "Listen to this. I would say that that"}, {"start": "00:10:22", "end": "00:10:26", "text": "this current juncture in crypto where a"}, {"start": "00:10:25", "end": "00:10:28", "text": "lot of people have like a negative"}, {"start": "00:10:26", "end": "00:10:31", "text": "perception of crypto is usually when the"}, {"start": "00:10:28", "end": "00:10:34", "text": "best opportunities arise um and when you"}, {"start": "00:10:31", "end": "00:10:36", "text": "should be doing the most research. Um"}, {"start": "00:10:34", "end": "00:10:37", "text": "because it's it's just how how things"}, {"start": "00:10:36", "end": "00:10:38", "text": "work. Like when a lot of people aren't"}, {"start": "00:10:37", "end": "00:10:41", "text": "expecting things to do really well,"}, {"start": "00:10:38", "end": "00:10:43", "text": "there's a like the smart people who are"}, {"start": "00:10:41", "end": "00:10:45", "text": "building these products before the"}, {"start": "00:10:43", "end": "00:10:46", "text": "marketing of these products happen and"}, {"start": "00:10:45", "end": "00:10:48", "text": "then once the marketing of these"}, {"start": "00:10:46", "end": "00:10:50", "text": "products happen is when the average"}, {"start": "00:10:48", "end": "00:10:51", "text": "person ends up finding out about them."}, {"start": "00:10:50", "end": "00:10:52", "text": "But there are people who have been"}, {"start": "00:10:51", "end": "00:10:55", "text": "working on and building these things for"}, {"start": "00:10:52", "end": "00:10:57", "text": "years. Um like even with AI, there are"}, {"start": "00:10:55", "end": "00:10:59", "text": "people who are working at at Open AI for"}, {"start": "00:10:57", "end": "00:11:00", "text": "years before chat GBD had a breakout"}, {"start": "00:10:59", "end": "00:11:02", "text": "moment. But you like as an average"}, {"start": "00:11:00", "end": "00:11:03", "text": "person did not know that people were"}, {"start": "00:11:02", "end": "00:11:05", "text": "working on solving these problems. I"}, {"start": "00:11:03", "end": "00:11:07", "text": "think there's similar things happening"}, {"start": "00:11:05", "end": "00:11:10", "text": "right now in crypto where um people are"}, {"start": "00:11:07", "end": "00:11:13", "text": "working on really uh or problems that"}, {"start": "00:11:10", "end": "00:11:15", "text": "crypto uniquely solves that you're not"}, {"start": "00:11:13", "end": "00:11:18", "text": "really going to see get popular until"}, {"start": "00:11:15", "end": "00:11:21", "text": "after the fact. I would say"}, {"start": "00:11:18", "end": "00:11:23", "text": ">> 100% fundamentals good uh use case good"}, {"start": "00:11:21", "end": "00:11:25", "text": "with decentraliz also remember privacy"}, {"start": "00:11:23", "end": "00:11:27", "text": "we we spoke a lot about privacy as well"}, {"start": "00:11:25", "end": "00:11:29", "text": "privacy is a big big narrative as well"}, {"start": "00:11:27", "end": "00:11:31", "text": "especially as governments are going loco"}, {"start": "00:11:29", "end": "00:11:34", "text": "it's another narrative I wanted to share"}, {"start": "00:11:31", "end": "00:11:37", "text": "with you for the next buller the UK is"}, {"start": "00:11:34", "end": "00:11:38", "text": "going absolutely loco UK UK now proposes"}, {"start": "00:11:37", "end": "00:11:41", "text": "scanning all private content on user"}, {"start": "00:11:38", "end": "00:11:43", "text": "devices or jail for executives of device"}, {"start": "00:11:41", "end": "00:11:46", "text": "companies so if you do a phone you are"}, {"start": "00:11:43", "end": "00:11:48", "text": "team cook team Apple and you do phone"}, {"start": "00:11:46", "end": "00:11:50", "text": "and you don't scan the content of the"}, {"start": "00:11:48", "end": "00:11:52", "text": "user on the phone and you don't send it"}, {"start": "00:11:50", "end": "00:11:54", "text": "to Kier Starmer, you're going to go to"}, {"start": "00:11:52", "end": "00:11:56", "text": "jail. Okay, very very quickly to jail."}, {"start": "00:11:54", "end": "00:11:59", "text": "Uh and also remember how French already"}, {"start": "00:11:56", "end": "00:12:00", "text": "how the French already arrested Py Durov"}, {"start": "00:11:59", "end": "00:12:02", "text": "earlier this year for not scanning"}, {"start": "00:12:00", "end": "00:12:05", "text": "telegram. Okay, that's number one."}, {"start": "00:12:02", "end": "00:12:07", "text": "Number two, this is on a device level,"}, {"start": "00:12:05", "end": "00:12:09", "text": "meaning you cannot even use the phone"}, {"start": "00:12:07", "end": "00:12:11", "text": "freely unless you literally KYC. So this"}, {"start": "00:12:09", "end": "00:12:13", "text": "can be done via Apple ID. Apple ID like"}, {"start": "00:12:11", "end": "00:12:15", "text": "is likely going to be the KYC provider"}, {"start": "00:12:13", "end": "00:12:16", "text": "here. Does not matter what apps you use."}, {"start": "00:12:15", "end": "00:12:19", "text": "On top of this, they will require"}, {"start": "00:12:16", "end": "00:12:21", "text": "another KYC submission on the app level"}, {"start": "00:12:19", "end": "00:12:23", "text": "to access certain apps. This will manage"}, {"start": "00:12:21", "end": "00:12:25", "text": "both device and app levels. Guys,"}, {"start": "00:12:23", "end": "00:12:28", "text": "privacy is going to be massive, massive,"}, {"start": "00:12:25", "end": "00:12:30", "text": "massive. I mean, as a as a counter trend"}, {"start": "00:12:28", "end": "00:12:32", "text": "to this is going to be massive. So, what"}, {"start": "00:12:30", "end": "00:12:36", "text": "do we make out of all of this? First"}, {"start": "00:12:32", "end": "00:12:38", "text": "shoots, first green nice shoots of"}, {"start": "00:12:36", "end": "00:12:40", "text": "bullishness are showing themselves."}, {"start": "00:12:38", "end": "00:12:43", "text": "That's number one. Overall, we need to"}, {"start": "00:12:40", "end": "00:12:45", "text": "have two thoughts in the brain at the"}, {"start": "00:12:43", "end": "00:12:46", "text": "same time here because overall, Bitcoin"}, {"start": "00:12:45", "end": "00:12:48", "text": "is still bearish. I mean, it's still"}, {"start": "00:12:46", "end": "00:12:49", "text": "bearish. Okay, I cannot make this bear"}, {"start": "00:12:48", "end": "00:12:51", "text": "disappear. We have to pump. I mean,"}, {"start": "00:12:49", "end": "00:12:54", "text": "that's only the pump will will make it"}, {"start": "00:12:51", "end": "00:12:56", "text": "disappear. As we're still bearish, we're"}, {"start": "00:12:54", "end": "00:12:58", "text": "still expecting lower prices. I mean, it"}, {"start": "00:12:56", "end": "00:13:00", "text": "is what it is. At the same time,"}, {"start": "00:12:58", "end": "00:13:02", "text": "mentally, mentally, we're already"}, {"start": "00:13:00", "end": "00:13:04", "text": "becoming quite bull mentally."}, {"start": "00:13:02", "end": "00:13:06", "text": "Practically, practically, we're still in"}, {"start": "00:13:04", "end": "00:13:08", "text": "a deep bare trend, guys. Deep, deep bare"}, {"start": "00:13:06", "end": "00:13:11", "text": "trend. Let's say we even go here. Here"}, {"start": "00:13:08", "end": "00:13:12", "text": "we do another lower high. It's I mean"}, {"start": "00:13:11", "end": "00:13:14", "text": "you understand yourself. It's just going"}, {"start": "00:13:12", "end": "00:13:15", "text": "to be another lower high and the chance"}, {"start": "00:13:14", "end": "00:13:18", "text": "of us getting rejected here at this"}, {"start": "00:13:15", "end": "00:13:20", "text": "yellow line is still very very high but"}, {"start": "00:13:18", "end": "00:13:21", "text": "we have a few things speaking in our"}, {"start": "00:13:20", "end": "00:13:24", "text": "favor even within the bare trend and"}, {"start": "00:13:21", "end": "00:13:26", "text": "that's the 200 book moving average. It's"}, {"start": "00:13:24", "end": "00:13:28", "text": "a good cheap price for Bitcoin."}, {"start": "00:13:26", "end": "00:13:30", "text": "Long-term good cheap price and that's"}, {"start": "00:13:28", "end": "00:13:33", "text": "basically and the time and the time and"}, {"start": "00:13:30", "end": "00:13:35", "text": "the time the fact that we are now uh six"}, {"start": "00:13:33", "end": "00:13:37", "text": "months exactly six months now since the"}, {"start": "00:13:35", "end": "00:13:39", "text": "top and uh yeah maybe have another four"}, {"start": "00:13:37", "end": "00:13:42", "text": "months another five months and then we"}, {"start": "00:13:39", "end": "00:13:44", "text": "have a nice big fantastic juicy bottom."}, {"start": "00:13:42", "end": "00:13:45", "text": "That's exactly how we like it and it's"}, {"start": "00:13:44", "end": "00:13:47", "text": "going to go fast man. It's going to go"}, {"start": "00:13:45", "end": "00:13:49", "text": "fast. I mean or now people I feel people"}, {"start": "00:13:47", "end": "00:13:52", "text": "already kind of checking out from from"}, {"start": "00:13:49", "end": "00:13:54", "text": "the markets a bit with the world cup you"}, {"start": "00:13:52", "end": "00:13:56", "text": "know they uh go they watch this world"}, {"start": "00:13:54", "end": "00:13:58", "text": "cup"}, {"start": "00:13:56", "end": "00:14:01", "text": "this you have summer vacation you take"}, {"start": "00:13:58", "end": "00:14:05", "text": "your kid to"}, {"start": "00:14:01", "end": "00:14:08", "text": "beach you do the stuff you come back by"}, {"start": "00:14:05", "end": "00:14:10", "text": "September September uh bear is over and"}, {"start": "00:14:08", "end": "00:14:14", "text": "we have a very very very very nice"}, {"start": "00:14:10", "end": "00:14:18", "text": "Valhalla but guys listen just as a"}, {"start": "00:14:14", "end": "00:14:19", "text": "Bill trend still trend expect to lose a"}, {"start": "00:14:18", "end": "00:14:21", "text": "bit more if you're just holding as a"}, {"start": "00:14:19", "end": "00:14:25", "text": "wrecked pleber from the top. You could"}, {"start": "00:14:21", "end": "00:14:27", "text": "expect to lose a bit more but the worst"}, {"start": "00:14:25", "end": "00:14:30", "text": "is likely behind us. Listen, we lost"}, {"start": "00:14:27", "end": "00:14:33", "text": "already from 125 to 160. It's uh how"}, {"start": "00:14:30", "end": "00:14:36", "text": "much? 60K. Uh we're not going to lose"}, {"start": "00:14:33", "end": "00:14:37", "text": "another 60K and go to 5k Bitcoin. Okay,"}, {"start": "00:14:36", "end": "00:14:41", "text": "we're not we're not going to go to 5k"}, {"start": "00:14:37", "end": "00:14:43", "text": "Bitcoin. So the worst is behind us."}, {"start": "00:14:41", "end": "00:14:45", "text": "Maybe we'll go to 10 games."}, {"start": "00:14:43", "end": "00:14:47", "text": "Probably not. Probably not. Guys, let's"}, {"start": "00:14:45", "end": "00:14:49", "text": "go to Q&A questions, answers, debates."}, {"start": "00:14:47", "end": "00:14:51", "text": "While you are thinking about your great"}, {"start": "00:14:49", "end": "00:14:53", "text": "questions, you're activating your brain"}, {"start": "00:14:51", "end": "00:14:56", "text": "for the first time this this stream to"}, {"start": "00:14:53", "end": "00:14:58", "text": "come up with great questions. I want to"}, {"start": "00:14:56", "end": "00:14:59", "text": "give a big shout out to Guzman for time"}, {"start": "00:14:58", "end": "00:15:02", "text": "snapping us today. That's very, very"}, {"start": "00:14:59", "end": "00:15:05", "text": "nice. And as always, if you go below to"}, {"start": "00:15:02", "end": "00:15:07", "text": "bullmay.com/partners/partners,"}, {"start": "00:15:05", "end": "00:15:09", "text": "you have a nice deal for Bybit,"}, {"start": "00:15:07", "end": "00:15:10", "text": "especially now that the bull market is"}, {"start": "00:15:09", "end": "00:15:12", "text": "probably around the corner later this"}, {"start": "00:15:10", "end": "00:15:14", "text": "year. You have a nice signup bonus on"}, {"start": "00:15:12", "end": "00:15:16", "text": "bybit. You can trade crypto, metal,"}, {"start": "00:15:14", "end": "00:15:18", "text": "stocks, pionex, if you want the trading"}, {"start": "00:15:16", "end": "00:15:20", "text": "bots, automatic trading bots. Watch the"}, {"start": "00:15:18", "end": "00:15:22", "text": "Pionex tutorial here. You need to go to"}, {"start": "00:15:20", "end": "00:15:24", "text": "bulcom/p partners and sign up using this"}, {"start": "00:15:22", "end": "00:15:27", "text": "link. You get a nice big bat sign up"}, {"start": "00:15:24", "end": "00:15:28", "text": "bonus. Uh weeks, it's like buy bit low."}, {"start": "00:15:27", "end": "00:15:29", "text": "I see nice sign up bonus. We have"}, {"start": "00:15:28", "end": "00:15:32", "text": "tutorial, hyperlquid decks. If you want"}, {"start": "00:15:29", "end": "00:15:35", "text": "the decks, go to hyperlquid. Everything"}, {"start": "00:15:32", "end": "00:15:38", "text": "here, everything here, everything here"}, {"start": "00:15:35", "end": "00:15:40", "text": "is big fat signup bonus if you use our"}, {"start": "00:15:38", "end": "00:15:42", "text": "link at boommy.com/partners. Let's go,"}, {"start": "00:15:40", "end": "00:15:44", "text": "guys. Q&A. Q&A. The top was eight months"}, {"start": "00:15:42", "end": "00:15:47", "text": "ago, not six. Yeah, exactly, man. Time"}, {"start": "00:15:44", "end": "00:15:49", "text": "flies. I even It was it was October 8"}, {"start": "00:15:47", "end": "00:15:52", "text": "months ago because I remember like it"}, {"start": "00:15:49", "end": "00:15:54", "text": "was yesterday. This uh October 8th and"}, {"start": "00:15:52", "end": "00:15:57", "text": "then October 10th when we had the the"}, {"start": "00:15:54", "end": "00:16:00", "text": "collapse. Was it eight months ago?"}, {"start": "00:15:57", "end": "00:16:03", "text": "was oh my god it was"}, {"start": "00:16:00", "end": "00:16:06", "text": "oh my god yeah even more bullish even"}, {"start": "00:16:03", "end": "00:16:07", "text": "less even less time wait to reload yeah"}, {"start": "00:16:06", "end": "00:16:09", "text": "then it is like you know four months"}, {"start": "00:16:07", "end": "00:16:10", "text": "yeah like four months then we have a"}, {"start": "00:16:09", "end": "00:16:13", "text": "year then is it four months until"}, {"start": "00:16:10", "end": "00:16:16", "text": "October"}, {"start": "00:16:13", "end": "00:16:18", "text": "July August oh holy crap it's just four"}, {"start": "00:16:16", "end": "00:16:22", "text": "months until October"}, {"start": "00:16:18", "end": "00:16:24", "text": "crazy guys what the hell is going see"}, {"start": "00:16:22", "end": "00:16:27", "text": "but bare market almost over now here's"}, {"start": "00:16:24", "end": "00:16:28", "text": "the problem here's the"}, {"start": "00:16:27", "end": "00:16:30", "text": "Most people are only now turning"}, {"start": "00:16:28", "end": "00:16:32", "text": "bearish. They are [�__�] I mean,"}, {"start": "00:16:30", "end": "00:16:34", "text": "sorry guys to say that, but we've been"}, {"start": "00:16:32", "end": "00:16:37", "text": "in a bare trend for a long time. The the"}, {"start": "00:16:34", "end": "00:16:39", "text": "time to to turn bare was in October. If"}, {"start": "00:16:37", "end": "00:16:41", "text": "you know your favorite influencer or who"}, {"start": "00:16:39", "end": "00:16:42", "text": "the hell you listen to has been bullish"}, {"start": "00:16:41", "end": "00:16:45", "text": "and now they're turning bearish is very"}, {"start": "00:16:42", "end": "00:16:47", "text": "bad. Now is the time to be start being a"}, {"start": "00:16:45", "end": "00:16:50", "text": "bit bull to see to put on the green"}, {"start": "00:16:47", "end": "00:16:53", "text": "glasses to be a bit more open-minded for"}, {"start": "00:16:50", "end": "00:16:54", "text": "a big Valhalla in the coming months. Not"}, {"start": "00:16:53", "end": "00:16:56", "text": "yet. Not yet. We're still bare trend,"}, {"start": "00:16:54", "end": "00:16:58", "text": "guys. Understand? We're still better"}, {"start": "00:16:56", "end": "00:17:01", "text": "trend. But see this technique of"}, {"start": "00:16:58", "end": "00:17:03", "text": "thinking one way but still acting the"}, {"start": "00:17:01", "end": "00:17:06", "text": "old way is very important because in the"}, {"start": "00:17:03", "end": "00:17:08", "text": "markets people their brain is slow to"}, {"start": "00:17:06", "end": "00:17:11", "text": "react to reality. So we are like like"}, {"start": "00:17:08", "end": "00:17:13", "text": "pre-reacting. We're pre-reacting here on"}, {"start": "00:17:11", "end": "00:17:14", "text": "October. We said it's a phenito on"}, {"start": "00:17:13", "end": "00:17:16", "text": "October 8th. You can read the tweet. We"}, {"start": "00:17:14", "end": "00:17:18", "text": "said it's fito. Goodbye bull market."}, {"start": "00:17:16", "end": "00:17:20", "text": "Bye-bye. We said it here very clearly."}, {"start": "00:17:18", "end": "00:17:22", "text": "Very clearly. You can go back to October"}, {"start": "00:17:20", "end": "00:17:24", "text": "8th. We said bye-bye. For most people it"}, {"start": "00:17:22", "end": "00:17:26", "text": "took like 3 months, four months for them"}, {"start": "00:17:24", "end": "00:17:30", "text": "to kind of realize, holy crap, it's bare"}, {"start": "00:17:26", "end": "00:17:33", "text": "market. Uh but in this case, you see, we"}, {"start": "00:17:30", "end": "00:17:34", "text": "are already like uh bullish. We're"}, {"start": "00:17:33", "end": "00:17:35", "text": "putting bullish in our brain, but it's"}, {"start": "00:17:34", "end": "00:17:38", "text": "still bearish on the chart. You"}, {"start": "00:17:35", "end": "00:17:40", "text": "understand? So your brain will not have"}, {"start": "00:17:38", "end": "00:17:42", "text": "a lag of four months like everyone else"}, {"start": "00:17:40", "end": "00:17:43", "text": "who who lost money since October. Okay?"}, {"start": "00:17:42", "end": "00:17:46", "text": "We did not have the lag because we were"}, {"start": "00:17:43", "end": "00:17:47", "text": "prepared to switch this quick. Anyway,"}, {"start": "00:17:46", "end": "00:17:49", "text": "hope that makes sense. Hope that makes"}, {"start": "00:17:47", "end": "00:17:52", "text": "sense. Let's go to Q&A. Let's go faster."}, {"start": "00:17:49", "end": "00:17:54", "text": "Q&A."}, {"start": "00:17:52", "end": "00:17:56", "text": "We are thinking about the uh promised La"}, {"start": "00:17:54", "end": "00:17:58", "text": "La Land, but we're still in the Kaka"}, {"start": "00:17:56", "end": "00:18:00", "text": "country. That's that's very true. That's"}, {"start": "00:17:58", "end": "00:18:02", "text": "exactly exactly that. That's exactly"}, {"start": "00:18:00", "end": "00:18:05", "text": "true, Guzma. We are thinking about the"}, {"start": "00:18:02", "end": "00:18:10", "text": "promised La La Land, but we are still in"}, {"start": "00:18:05", "end": "00:18:10", "text": "the Kaka Kaka country 100%."}, {"start": "00:18:11", "end": "00:18:17", "text": "What are the best also start looking at"}, {"start": "00:18:13", "end": "00:18:19", "text": "as the bull market will start again?"}, {"start": "00:18:17", "end": "00:18:21", "text": "ETH uh hyper yeah I mean these are the"}, {"start": "00:18:19", "end": "00:18:23", "text": "kind of things we have to take as the"}, {"start": "00:18:21", "end": "00:18:27", "text": "com for example now you have a clear"}, {"start": "00:18:23", "end": "00:18:29", "text": "signal in Jto you know two months ago it"}, {"start": "00:18:27", "end": "00:18:31", "text": "it would be impossible to say is it jto"}, {"start": "00:18:29", "end": "00:18:33", "text": "is it Jupiter who is going to be in bull"}, {"start": "00:18:31", "end": "00:18:35", "text": "trend first so the answer is I don't"}, {"start": "00:18:33", "end": "00:18:37", "text": "know until they go bullish so now for"}, {"start": "00:18:35", "end": "00:18:38", "text": "example jto has gone bullish we have"}, {"start": "00:18:37", "end": "00:18:41", "text": "something to work with here so now"}, {"start": "00:18:38", "end": "00:18:42", "text": "basically is jto out of the sana"}, {"start": "00:18:41", "end": "00:18:45", "text": "ecosystem everything else is still"}, {"start": "00:18:42", "end": "00:18:47", "text": "bearish so I don't have any kind of uh"}, {"start": "00:18:45", "end": "00:18:50", "text": "you know favorites like you say you know"}, {"start": "00:18:47", "end": "00:18:52", "text": "salt ETH hyper u hyper is also bullish I"}, {"start": "00:18:50", "end": "00:18:54", "text": "mean by the way hyper is bullish so that"}, {"start": "00:18:52", "end": "00:18:57", "text": "one is okay uh you can easily have a"}, {"start": "00:18:54", "end": "00:18:59", "text": "hyperl is very very nice bullish is is"}, {"start": "00:18:57", "end": "00:19:01", "text": "good fantastic fantastic is still"}, {"start": "00:18:59", "end": "00:19:04", "text": "bearish so don't touch it until it goes"}, {"start": "00:19:01", "end": "00:19:06", "text": "to 30 or if if it goes to bull trend"}, {"start": "00:19:04", "end": "00:19:09", "text": "will go bullish at 93 so that's going to"}, {"start": "00:19:06", "end": "00:19:11", "text": "be the bull uh bull sign or if it goes"}, {"start": "00:19:09", "end": "00:19:13", "text": "here to like around 30 it's also it's so"}, {"start": "00:19:11", "end": "00:19:14", "text": "cheap man I'm going to buy it if it's"}, {"start": "00:19:13", "end": "00:19:17", "text": "even if it's bare trend I'm going to buy"}, {"start": "00:19:14", "end": "00:19:19", "text": "at See then what what else you said?"}, {"start": "00:19:17", "end": "00:19:22", "text": "Zcash is bullish. So that that one you"}, {"start": "00:19:19", "end": "00:19:24", "text": "can uh you can have. Fantastic."}, {"start": "00:19:22", "end": "00:19:26", "text": "Fantastic. Tron is just now turning"}, {"start": "00:19:24", "end": "00:19:28", "text": "bearish. So I would actually avoid it."}, {"start": "00:19:26", "end": "00:19:29", "text": "But uh yeah, Tron is normally super"}, {"start": "00:19:28", "end": "00:19:31", "text": "strong. It can easily go into bull"}, {"start": "00:19:29", "end": "00:19:33", "text": "trend. But just wait for the bull trend"}, {"start": "00:19:31", "end": "00:19:35", "text": "here. Uh it will it will have to to go"}, {"start": "00:19:33", "end": "00:19:38", "text": "into bull trend. It will basically have"}, {"start": "00:19:35", "end": "00:19:40", "text": "to go back to alltime high. So Tron for"}, {"start": "00:19:38", "end": "00:19:45", "text": "now bear don't touch. Then what else?"}, {"start": "00:19:40", "end": "00:19:47", "text": "Eth man I don't know. Eth it's uh"}, {"start": "00:19:45", "end": "00:19:49", "text": "It's tough because uh it's just"}, {"start": "00:19:47", "end": "00:19:51", "text": "sideways. It's ranging sideways. The"}, {"start": "00:19:49", "end": "00:19:53", "text": "real bull signal would be when it goes"}, {"start": "00:19:51", "end": "00:19:56", "text": "above all of this ranges and like really"}, {"start": "00:19:53", "end": "00:19:59", "text": "pumps us above above all of this crap."}, {"start": "00:19:56", "end": "00:20:00", "text": "Even back like the the bullish signal"}, {"start": "00:19:59", "end": "00:20:03", "text": "for ETH would would be when it goes"}, {"start": "00:20:00", "end": "00:20:06", "text": "above all of this like ceiling and it"}, {"start": "00:20:03", "end": "00:20:09", "text": "breaks this fiveyear consolidation. At"}, {"start": "00:20:06", "end": "00:20:13", "text": "the same time, it is now at a very big"}, {"start": "00:20:09", "end": "00:20:15", "text": "support uh from also years ago 2063. So"}, {"start": "00:20:13", "end": "00:20:19", "text": "ETH I'm not touching it until it goes a"}, {"start": "00:20:15", "end": "00:20:21", "text": "bull trend at 220 two 2.2K. I mean you"}, {"start": "00:20:19", "end": "00:20:25", "text": "have a trend of that's going to be"}, {"start": "00:20:21", "end": "00:20:27", "text": "bullish at 2.2K. Okay before that uh no"}, {"start": "00:20:25", "end": "00:20:29", "text": "no I'm not touching it. I'm not that"}, {"start": "00:20:27", "end": "00:20:32", "text": "excited about it e overall like Solana"}, {"start": "00:20:29", "end": "00:20:34", "text": "30 I'm very excited ETH at like 1.5 I'm"}, {"start": "00:20:32", "end": "00:20:36", "text": "I don't get the same excitement to buy"}, {"start": "00:20:34", "end": "00:20:38", "text": "it in a bare trend at 30 is so cheap."}, {"start": "00:20:36", "end": "00:20:40", "text": "I'm going to buy money in B trend. I'm"}, {"start": "00:20:38", "end": "00:20:42", "text": "going to buy this is too expensive still"}, {"start": "00:20:40", "end": "00:20:44", "text": "and"}, {"start": "00:20:42", "end": "00:20:46", "text": "stuff, man. I Yeah, let's see. Let's see"}, {"start": "00:20:44", "end": "00:20:48", "text": "if it's bull is bull. Now it's bare. Now"}, {"start": "00:20:46", "end": "00:20:52", "text": "it's bare. And there's no like super"}, {"start": "00:20:48", "end": "00:20:52", "text": "nice deal where it's"}, {"start": "00:20:53", "end": "00:20:57", "text": "so Yeah. Hope that makes sense. What's"}, {"start": "00:20:55", "end": "00:20:59", "text": "going on with World Coin? Let's see."}, {"start": "00:20:57", "end": "00:21:03", "text": "World"}, {"start": "00:20:59", "end": "00:21:05", "text": "world USD. What What's the ticker?"}, {"start": "00:21:03", "end": "00:21:09", "text": "World."}, {"start": "00:21:05", "end": "00:21:09", "text": "Let's see. World"}, {"start": "00:21:09", "end": "00:21:15", "text": "uh V L WLD. Yeah."}, {"start": "00:21:14", "end": "00:21:17", "text": "Oh, this one is also interesting. Look"}, {"start": "00:21:15", "end": "00:21:20", "text": "here. World coin. World coin. World"}, {"start": "00:21:17", "end": "00:21:23", "text": "coin. Just now flip bull since September"}, {"start": "00:21:20", "end": "00:21:23", "text": "2025."}, {"start": "00:21:24", "end": "00:21:27", "text": "See, this is the kind of stuff you want"}, {"start": "00:21:26", "end": "00:21:30", "text": "to see. So, WCON, thanks for bringing"}, {"start": "00:21:27", "end": "00:21:33", "text": "this up. Walcoin is also very very"}, {"start": "00:21:30", "end": "00:21:36", "text": "interesting from the perspective of uh"}, {"start": "00:21:33", "end": "00:21:38", "text": "being bullish after a long"}, {"start": "00:21:36", "end": "00:21:40", "text": "time bearish. Long time bearish nice"}, {"start": "00:21:38", "end": "00:21:43", "text": "round bottom. So yeah, this one is also"}, {"start": "00:21:40", "end": "00:21:45", "text": "in from the trend perspective currently."}, {"start": "00:21:43", "end": "00:21:47", "text": "Another one of the signs that you know"}, {"start": "00:21:45", "end": "00:21:50", "text": "something is happening to this uh to"}, {"start": "00:21:47", "end": "00:21:54", "text": "this bear. The bear is kind of dying."}, {"start": "00:21:50", "end": "00:21:56", "text": "Okay, it's dying a slow slow death but"}, {"start": "00:21:54", "end": "00:21:58", "text": "dying. He's still big. He's still big."}, {"start": "00:21:56", "end": "00:21:59", "text": "He can still eat us alive. You buy"}, {"start": "00:21:58", "end": "00:22:01", "text": "something, it can go to zero. You buy"}, {"start": "00:21:59", "end": "00:22:02", "text": "something without the mechanical rules,"}, {"start": "00:22:01", "end": "00:22:03", "text": "without stop loss, you don't know. Even"}, {"start": "00:22:02", "end": "00:22:04", "text": "with a bull trend, if you don't have"}, {"start": "00:22:03", "end": "00:22:05", "text": "stop loss, mechanical rules, you're"}, {"start": "00:22:04", "end": "00:22:07", "text": "going to get wrecked. To learn"}, {"start": "00:22:05", "end": "00:22:09", "text": "mechanical rules, go to bullman.com,"}, {"start": "00:22:07", "end": "00:22:11", "text": "watch the preview. Uh we're at capacity"}, {"start": "00:22:09", "end": "00:22:12", "text": "now, so we don't have empty spots in"}, {"start": "00:22:11", "end": "00:22:14", "text": "Bullmania, but you can join the wait"}, {"start": "00:22:12", "end": "00:22:15", "text": "list, and we're going to be dropping the"}, {"start": "00:22:14", "end": "00:22:18", "text": "spots when uh when they become"}, {"start": "00:22:15", "end": "00:22:19", "text": "available. Do it now. But you know,"}, {"start": "00:22:18", "end": "00:22:21", "text": "there are so many opportunities now. The"}, {"start": "00:22:19", "end": "00:22:23", "text": "opportunities are popping left and"}, {"start": "00:22:21", "end": "00:22:26", "text": "right, left and right. This is good that"}, {"start": "00:22:23", "end": "00:22:28", "text": "uh uh you guys bring up because this one"}, {"start": "00:22:26", "end": "00:22:30", "text": "I like that it just turned bullish"}, {"start": "00:22:28", "end": "00:22:32", "text": "things that are just the just have"}, {"start": "00:22:30", "end": "00:22:36", "text": "turned bullish. I like I like it's a"}, {"start": "00:22:32", "end": "00:22:36", "text": "normally very good good opportunity."}, {"start": "00:22:38", "end": "00:22:46", "text": "Not good. Not good. Very bad. Stay away."}, {"start": "00:22:42", "end": "00:22:46", "text": "Stay away."}, {"start": "00:22:52", "end": "00:22:58", "text": "Should you buy SpaceX? SpaceX. See, I"}, {"start": "00:22:54", "end": "00:22:59", "text": "see it more as a as a as a trading um uh"}, {"start": "00:22:58", "end": "00:23:01", "text": "for long term. I'm not I'm not buying"}, {"start": "00:22:59", "end": "00:23:03", "text": "SpaceX for long term. I'm seeing it more"}, {"start": "00:23:01", "end": "00:23:04", "text": "as trading here. For example, on 30-inut"}, {"start": "00:23:03", "end": "00:23:06", "text": "chart, you have a trend here. So, you"}, {"start": "00:23:04", "end": "00:23:08", "text": "can trade this trend. Should it go bare,"}, {"start": "00:23:06", "end": "00:23:10", "text": "you're out. That's it. Uh now, it's"}, {"start": "00:23:08", "end": "00:23:12", "text": "going to open very very nicely here at"}, {"start": "00:23:10", "end": "00:23:14", "text": "210 and keep going further."}, {"start": "00:23:12", "end": "00:23:16", "text": "But we did have a few minutes on SpaceX"}, {"start": "00:23:14", "end": "00:23:18", "text": "earlier in the stream. Go back and watch"}, {"start": "00:23:16", "end": "00:23:20", "text": "it. But basically the the reason why for"}, {"start": "00:23:18", "end": "00:23:23", "text": "the long term it's not really for me is"}, {"start": "00:23:20", "end": "00:23:27", "text": "because uh number one the most amount of"}, {"start": "00:23:23", "end": "00:23:29", "text": "attention it gets is now is now man now."}, {"start": "00:23:27", "end": "00:23:32", "text": "Uh which means that the likelihood of uh"}, {"start": "00:23:29", "end": "00:23:33", "text": "a a nice bottom within the coming months"}, {"start": "00:23:32", "end": "00:23:35", "text": "when attention moves and you know"}, {"start": "00:23:33", "end": "00:23:36", "text": "everyone thinks about something else and"}, {"start": "00:23:35", "end": "00:23:38", "text": "the unlocks happen big unlocks are going"}, {"start": "00:23:36", "end": "00:23:40", "text": "to happen. is a bit like crypto, you"}, {"start": "00:23:38", "end": "00:23:42", "text": "know, with the memecoin low float, you"}, {"start": "00:23:40", "end": "00:23:44", "text": "release only a few% of your supply so"}, {"start": "00:23:42", "end": "00:23:46", "text": "that the price runs up. SpaceX is very"}, {"start": "00:23:44", "end": "00:23:49", "text": "similar. Now, long-term, I still love"}, {"start": "00:23:46", "end": "00:23:52", "text": "Elon. I believe in Elon long-term, but"}, {"start": "00:23:49", "end": "00:23:53", "text": "for us to uh focus our money where it uh"}, {"start": "00:23:52", "end": "00:23:55", "text": "where it's going to have the biggest"}, {"start": "00:23:53", "end": "00:23:58", "text": "return, I think crypto is just better."}, {"start": "00:23:55", "end": "00:24:00", "text": "Overall, crypto is just better. uh for"}, {"start": "00:23:58", "end": "00:24:03", "text": "let's say we bottom out here somewhere"}, {"start": "00:24:00", "end": "00:24:05", "text": "at you know 50k 60 50k we can we could"}, {"start": "00:24:03", "end": "00:24:08", "text": "easily go to half a million in the next"}, {"start": "00:24:05", "end": "00:24:10", "text": "cycle in bitcoin okay that's a 10x for"}, {"start": "00:24:08", "end": "00:24:14", "text": "spacex to do 10x man again we need to go"}, {"start": "00:24:10", "end": "00:24:18", "text": "to Mars alpha centi we have to go to"}, {"start": "00:24:14", "end": "00:24:21", "text": "what is it the outer spa outer spots of"}, {"start": "00:24:18", "end": "00:24:22", "text": "the milky way like to get such attention"}, {"start": "00:24:21", "end": "00:24:25", "text": "uh that it has right now and also you"}, {"start": "00:24:22", "end": "00:24:26", "text": "know to do what Bitcoin is about is"}, {"start": "00:24:25", "end": "00:24:29", "text": "likely to do in the next cycle about to"}, {"start": "00:24:26", "end": "00:24:30", "text": "do in in the next cycle. It's just less"}, {"start": "00:24:29", "end": "00:24:32", "text": "opportunity at the same time to trade it"}, {"start": "00:24:30", "end": "00:24:35", "text": "like not not to marry it but to trade"}, {"start": "00:24:32", "end": "00:24:37", "text": "it. You have good na nice trend now at"}, {"start": "00:24:35", "end": "00:24:39", "text": "30 minute chart day chart this is going"}, {"start": "00:24:37", "end": "00:24:41", "text": "to take some days guys for for daily"}, {"start": "00:24:39", "end": "00:24:42", "text": "chart it's uh it's gonna take some days"}, {"start": "00:24:41", "end": "00:24:45", "text": "so you need to go to lower time frame 30"}, {"start": "00:24:42", "end": "00:24:46", "text": "minutes you have a trend uh I mean it"}, {"start": "00:24:45", "end": "00:24:49", "text": "might even 10 you can tra you can trade"}, {"start": "00:24:46", "end": "00:24:50", "text": "the 10 minute it's bearish currently but"}, {"start": "00:24:49", "end": "00:24:52", "text": "you can trade the 10 minute even likely"}, {"start": "00:24:50", "end": "00:24:55", "text": "going to flip it's going to flip super"}, {"start": "00:24:52", "end": "00:24:57", "text": "bull once we open here so that's with uh"}, {"start": "00:24:55", "end": "00:25:00", "text": "SpaceX it's u uh for short term for long"}, {"start": "00:24:57", "end": "00:25:02", "text": "term I think it's you always have to"}, {"start": "00:25:00", "end": "00:25:03", "text": "think you know you you buy what's going"}, {"start": "00:25:02", "end": "00:25:05", "text": "to happen from"}, {"start": "00:25:03", "end": "00:25:08", "text": "with crypto you buy, you know, you're"}, {"start": "00:25:05", "end": "00:25:10", "text": "buying at the super cheap fair price of"}, {"start": "00:25:08", "end": "00:25:13", "text": "uh 200 week moving average around 200"}, {"start": "00:25:10", "end": "00:25:15", "text": "week. Very very nice. Very very nice. So"}, {"start": "00:25:13", "end": "00:25:19", "text": "that's my plan at least."}, {"start": "00:25:15", "end": "00:25:23", "text": "Uh but uh once we see once we see a cool"}, {"start": "00:25:19", "end": "00:25:25", "text": "down in this mania with SpaceX, I think"}, {"start": "00:25:23", "end": "00:25:28", "text": "we're going to be very interested. So uh"}, {"start": "00:25:25", "end": "00:25:31", "text": "but we need we need that to settle. We"}, {"start": "00:25:28", "end": "00:25:34", "text": "need to settle. We need to for the move"}, {"start": "00:25:31", "end": "00:25:37", "text": "new cycle to uh to move on to other"}, {"start": "00:25:34", "end": "00:25:40", "text": "stuff. So we understand the when"}, {"start": "00:25:37", "end": "00:25:41", "text": "everyone at Costco has has bought u has"}, {"start": "00:25:40", "end": "00:25:44", "text": "bought it. What what happens? What"}, {"start": "00:25:41", "end": "00:25:46", "text": "happens? Because now literally people we"}, {"start": "00:25:44", "end": "00:25:48", "text": "go back and rewatch the stream. We watch"}, {"start": "00:25:46", "end": "00:25:50", "text": "the image where people in the in Costco"}, {"start": "00:25:48", "end": "00:25:52", "text": "line you know buying groceries bombing"}, {"start": "00:25:50", "end": "00:25:54", "text": "SpaceX. We we need to see what all"}, {"start": "00:25:52", "end": "00:25:55", "text": "happens once it's everyone is in. Good."}, {"start": "00:25:54", "end": "00:25:57", "text": "Good. What happened? What happened? What"}, {"start": "00:25:55", "end": "00:25:59", "text": "happened? What's going to happen? new"}, {"start": "00:25:57", "end": "00:26:00", "text": "cycle, new new cycle and other news was"}, {"start": "00:25:59", "end": "00:26:04", "text": "was going to happen. So that that that's"}, {"start": "00:26:00", "end": "00:26:04", "text": "a strategy."}, {"start": "00:26:07", "end": "00:26:12", "text": "Best thing to do now is to stack cash"}, {"start": "00:26:09", "end": "00:26:14", "text": "enable every bit. Uh yep, exactly. I"}, {"start": "00:26:12", "end": "00:26:16", "text": "mean that's uh that's exactly it with"}, {"start": "00:26:14", "end": "00:26:19", "text": "the baison with us being at around 200"}, {"start": "00:26:16", "end": "00:26:21", "text": "moving average. It's it's exact"}, {"start": "00:26:19", "end": "00:26:23", "text": "if jumping on privacy narrative 2 with"}, {"start": "00:26:21", "end": "00:26:26", "text": "EIP."}, {"start": "00:26:23", "end": "00:26:28", "text": "I mean the guys the problem is ETH"}, {"start": "00:26:26", "end": "00:26:31", "text": "it's tough man"}, {"start": "00:26:28", "end": "00:26:33", "text": "why why am I uh let's check this this"}, {"start": "00:26:31", "end": "00:26:35", "text": "EIP by the way I don't think there's"}, {"start": "00:26:33", "end": "00:26:37", "text": "jumping because of that but let's check"}, {"start": "00:26:35", "end": "00:26:40", "text": "let's check"}, {"start": "00:26:37", "end": "00:26:41", "text": "it's just that"}, {"start": "00:26:40", "end": "00:26:44", "text": "I'm also speak you see I'm speaking from"}, {"start": "00:26:41", "end": "00:26:46", "text": "my own experience I was all in ETH I"}, {"start": "00:26:44", "end": "00:26:49", "text": "love ETH and but then when you start"}, {"start": "00:26:46", "end": "00:26:51", "text": "using Sana and everything else it's how"}, {"start": "00:26:49", "end": "00:26:53", "text": "you go back like I cannot go back no I"}, {"start": "00:26:51", "end": "00:26:55", "text": "cannot go back I'm going to go back to"}, {"start": "00:26:53", "end": "00:26:59", "text": "ETH. No man, no, it's not happening."}, {"start": "00:26:55", "end": "00:27:01", "text": "Very tough, man. It's very tough. Um,"}, {"start": "00:26:59", "end": "00:27:03", "text": "very tough. What's building on ET? Like"}, {"start": "00:27:01", "end": "00:27:05", "text": "all of this new stuff we speak about,"}, {"start": "00:27:03", "end": "00:27:06", "text": "nothing is building on the east. It's"}, {"start": "00:27:05", "end": "00:27:07", "text": "It's very tough, man. It's very I don't"}, {"start": "00:27:06", "end": "00:27:11", "text": "know what they're going to do. Okay."}, {"start": "00:27:07", "end": "00:27:14", "text": "They're going to do some Let's see this"}, {"start": "00:27:11", "end": "00:27:17", "text": "transfer shield pool system."}, {"start": "00:27:14", "end": "00:27:17", "text": "Okay. Okay."}, {"start": "00:27:18", "end": "00:27:22", "text": "Beyond installing. Yeah. I mean, it's"}, {"start": "00:27:19", "end": "00:27:27", "text": "good. It's good. It's good."}, {"start": "00:27:22", "end": "00:27:27", "text": "It's good. It's good. It's good."}, {"start": "00:27:27", "end": "00:27:30", "text": "It's good. But you know, just as a user"}, {"start": "00:27:29", "end": "00:27:34", "text": "at the end of the day, everything comes"}, {"start": "00:27:30", "end": "00:27:37", "text": "back comes down to user."}, {"start": "00:27:34", "end": "00:27:40", "text": "If ETH does not change radically like"}, {"start": "00:27:37", "end": "00:27:41", "text": "it's fast and everything is uh I mean"}, {"start": "00:27:40", "end": "00:27:43", "text": "like like on it's going to be tough to"}, {"start": "00:27:41", "end": "00:27:46", "text": "go back. I mean for me then but okay."}, {"start": "00:27:43", "end": "00:27:48", "text": "Who else is are you guys using using"}, {"start": "00:27:46", "end": "00:27:49", "text": "something on ETH? I mean for stable"}, {"start": "00:27:48", "end": "00:27:51", "text": "coins sometimes they still you know to"}, {"start": "00:27:49", "end": "00:27:54", "text": "get payment in stable coin a bit we"}, {"start": "00:27:51", "end": "00:27:56", "text": "still is still usable but listen the"}, {"start": "00:27:54", "end": "00:27:58", "text": "thing is we we also look at the chart"}, {"start": "00:27:56", "end": "00:28:01", "text": "should it go bull great we're that's it"}, {"start": "00:27:58", "end": "00:28:03", "text": "that's it uh"}, {"start": "00:28:01", "end": "00:28:07", "text": "but yeah it's um I don't use it myself"}, {"start": "00:28:03", "end": "00:28:11", "text": "too much nowadays big problem"}, {"start": "00:28:07", "end": "00:28:13", "text": "it's a big problem for me to buy it at u"}, {"start": "00:28:11", "end": "00:28:14", "text": "let's say 1k or whatever if it's not"}, {"start": "00:28:13", "end": "00:28:16", "text": "[�__�]"}, {"start": "00:28:14", "end": "00:28:18", "text": "it's all I use every day so if it goes"}, {"start": "00:28:16", "end": "00:28:20", "text": "to 30 so I'm going to buy it because I"}, {"start": "00:28:18", "end": "00:28:22", "text": "use it myself every day. So for me it"}, {"start": "00:28:20", "end": "00:28:24", "text": "makes sense. E I I don't have the same"}, {"start": "00:28:22", "end": "00:28:27", "text": "uh same approach. But if it's bullish,"}, {"start": "00:28:24", "end": "00:28:30", "text": "it's bullish. Now it's bearish."}, {"start": "00:28:27", "end": "00:28:32", "text": "E at 1,000 you don't uh buy. No, not if"}, {"start": "00:28:30", "end": "00:28:34", "text": "it's in bare hand."}, {"start": "00:28:32", "end": "00:28:36", "text": "If it's in bare trend, uh I will just"}, {"start": "00:28:34", "end": "00:28:38", "text": "wait for bull"}, {"start": "00:28:36", "end": "00:28:41", "text": "to go to a th00and. It could go to"}, {"start": "00:28:38", "end": "00:28:42", "text": "a,000. It would be,"}, {"start": "00:28:41", "end": "00:28:45", "text": "but then you know the bull trend is"}, {"start": "00:28:42", "end": "00:28:47", "text": "maybe going to be at like 1.3 1.4."}, {"start": "00:28:45", "end": "00:28:48", "text": "Again,"}, {"start": "00:28:47", "end": "00:28:51", "text": "I cannot buy everything in this world."}, {"start": "00:28:48", "end": "00:28:53", "text": "It's not like I can be in all assets"}, {"start": "00:28:51", "end": "00:28:54", "text": "like all coins that are cheap. I I have"}, {"start": "00:28:53", "end": "00:28:57", "text": "to I have to choose like it's all about"}, {"start": "00:28:54", "end": "00:29:00", "text": "the opportunity cost. I mean, obviously"}, {"start": "00:28:57", "end": "00:29:02", "text": "buying ETH at 1,000, it's good. Good."}, {"start": "00:29:00", "end": "00:29:03", "text": "Was at 5K now you buy it at 1K. It's"}, {"start": "00:29:02", "end": "00:29:05", "text": "good. It's not bad. It's not bad. It's"}, {"start": "00:29:03", "end": "00:29:07", "text": "just that you know I cannot be buying"}, {"start": "00:29:05", "end": "00:29:09", "text": "everything. So, I have to be selective."}, {"start": "00:29:07", "end": "00:29:11", "text": "It's opportunity cost. It's capital"}, {"start": "00:29:09", "end": "00:29:14", "text": "efficiency. So, if you ask me, you buy"}, {"start": "00:29:11", "end": "00:29:17", "text": "ETH at 1,000 or Slana at 30. I buy at 30"}, {"start": "00:29:14", "end": "00:29:18", "text": "any any day before ether at at a th00and"}, {"start": "00:29:17", "end": "00:29:20", "text": "okay"}, {"start": "00:29:18", "end": "00:29:22", "text": "it's not the question whether it's a bad"}, {"start": "00:29:20", "end": "00:29:23", "text": "deal or I mean ether th000 is good deal"}, {"start": "00:29:22", "end": "00:29:25", "text": "it's good deal but I cannot be buying"}, {"start": "00:29:23", "end": "00:29:28", "text": "everything okay there is a million"}, {"start": "00:29:25", "end": "00:29:31", "text": "assets many minted every day million new"}, {"start": "00:29:28", "end": "00:29:35", "text": "assets minted every day"}, {"start": "00:29:31", "end": "00:29:38", "text": "sandisk bullshield want to check sandisk"}, {"start": "00:29:35", "end": "00:29:40", "text": "it's been fantastic ride with sandisk oh"}, {"start": "00:29:38", "end": "00:29:44", "text": "it's going to open even higher there you"}, {"start": "00:29:40", "end": "00:29:46", "text": "go very very Very very nice. Up 6471%"}, {"start": "00:29:44", "end": "00:29:49", "text": "since the bull flip and going higher."}, {"start": "00:29:46", "end": "00:29:51", "text": "That's exactly how we like. Do you think"}, {"start": "00:29:49", "end": "00:29:53", "text": "Sena will catch up to hyper when it"}, {"start": "00:29:51", "end": "00:29:56", "text": "comes to perpetual trading? Eh, I don't"}, {"start": "00:29:53", "end": "00:29:58", "text": "know guys. It's that one is uh uh is"}, {"start": "00:29:56", "end": "00:30:01", "text": "hard but at the same time they do have"}, {"start": "00:29:58", "end": "00:30:05", "text": "their own ecosystem. I don't think it is"}, {"start": "00:30:01", "end": "00:30:06", "text": "uh perpetual per it's not per but this"}, {"start": "00:30:05", "end": "00:30:10", "text": "trading of stocks it is happening now"}, {"start": "00:30:06", "end": "00:30:15", "text": "for example via sunrise."}, {"start": "00:30:10", "end": "00:30:18", "text": "Um, is it pers? I don't think it's pers,"}, {"start": "00:30:15", "end": "00:30:21", "text": "but they had a lot of uh momentum in uh"}, {"start": "00:30:18", "end": "00:30:26", "text": "in space 60 million and trailing 24hour"}, {"start": "00:30:21", "end": "00:30:29", "text": "volume on Salana. Um, so they they are"}, {"start": "00:30:26", "end": "00:30:33", "text": "creating their own niche here with um"}, {"start": "00:30:29", "end": "00:30:35", "text": "with uh stocks. Is it the same as on"}, {"start": "00:30:33", "end": "00:30:38", "text": "Hyper? No, it's it's totally different."}, {"start": "00:30:35", "end": "00:30:41", "text": "They don't have a good answer to"}, {"start": "00:30:38", "end": "00:30:43", "text": "to per now. They don't. That's why Hyper"}, {"start": "00:30:41", "end": "00:30:45", "text": "keeps going up, but they have their own"}, {"start": "00:30:43", "end": "00:30:47", "text": "like tokenized stock thing. But yeah,"}, {"start": "00:30:45", "end": "00:30:49", "text": "Hyper is a beast, guys. Beast going to"}, {"start": "00:30:47", "end": "00:30:51", "text": "alltime high. It's a bull trend. Is"}, {"start": "00:30:49", "end": "00:30:55", "text": "strong. Very nice. Beautiful. Strong"}, {"start": "00:30:51", "end": "00:30:59", "text": "bull trend. Slana is not a threat to it."}, {"start": "00:30:55", "end": "00:30:59", "text": "Not at all."}, {"start": "00:31:02", "end": "00:31:07", "text": "Hola. What time Japan news rate? Uh I"}, {"start": "00:31:05", "end": "00:31:08", "text": "don't know Japan news. Yeah, they should"}, {"start": "00:31:07", "end": "00:31:10", "text": "increase the rate but don't worry about"}, {"start": "00:31:08", "end": "00:31:14", "text": "it too much. Uh in my experience all of"}, {"start": "00:31:10", "end": "00:31:16", "text": "the Japan stuff a bit over overreaction"}, {"start": "00:31:14", "end": "00:31:18", "text": "like with Japanese carry people saying"}, {"start": "00:31:16", "end": "00:31:21", "text": "Japanese carry is going to is going to"}, {"start": "00:31:18", "end": "00:31:23", "text": "impact. My guess is that it won't matter"}, {"start": "00:31:21", "end": "00:31:25", "text": "too much but if it because again it's"}, {"start": "00:31:23", "end": "00:31:27", "text": "like news that is priced in everyone"}, {"start": "00:31:25", "end": "00:31:30", "text": "knows it. At the same time, should"}, {"start": "00:31:27", "end": "00:31:33", "text": "something move, we see we see NASDAQ,"}, {"start": "00:31:30", "end": "00:31:35", "text": "the S&P, they start collapsing in real"}, {"start": "00:31:33", "end": "00:31:37", "text": "time, we're gonna notice."}, {"start": "00:31:35", "end": "00:31:38", "text": "But yeah, if you know the time when when"}, {"start": "00:31:37", "end": "00:31:40", "text": "Japan is going to have a rate"}, {"start": "00:31:38", "end": "00:31:42", "text": "announcement, it it should be soon. And"}, {"start": "00:31:40", "end": "00:31:44", "text": "by the way, tomorrow we also have FOMC."}, {"start": "00:31:42", "end": "00:31:46", "text": "Kevin Worsh is going to have his first"}, {"start": "00:31:44", "end": "00:31:49", "text": "FOMC. That one will probably have more"}, {"start": "00:31:46", "end": "00:31:51", "text": "impact because every single word will be"}, {"start": "00:31:49", "end": "00:31:54", "text": "weight by the market what he says. And"}, {"start": "00:31:51", "end": "00:31:56", "text": "uh that normally actually has a an an"}, {"start": "00:31:54", "end": "00:31:58", "text": "impact especially if it's a you know new"}, {"start": "00:31:56", "end": "00:32:00", "text": "chair new direction you can have"}, {"start": "00:31:58", "end": "00:32:02", "text": "volatility doesn't mean that it's more"}, {"start": "00:32:00", "end": "00:32:04", "text": "than a few you know hours of volatility"}, {"start": "00:32:02", "end": "00:32:05", "text": "sometimes you know they say something"}, {"start": "00:32:04", "end": "00:32:08", "text": "it's a bit of volatility and then you"}, {"start": "00:32:05", "end": "00:32:11", "text": "know no one cares but uh in many cases"}, {"start": "00:32:08", "end": "00:32:13", "text": "they do have u"}, {"start": "00:32:11", "end": "00:32:16", "text": "these speeches have some kind of impact"}, {"start": "00:32:13", "end": "00:32:18", "text": "on the hourly candles at least at least"}, {"start": "00:32:16", "end": "00:32:21", "text": "hourly candle so especially when there's"}, {"start": "00:32:18", "end": "00:32:25", "text": "like no unknown things with with with uh"}, {"start": "00:32:21", "end": "00:32:26", "text": "Powell uh his last speeches didn't"}, {"start": "00:32:25", "end": "00:32:28", "text": "really create any because everything is"}, {"start": "00:32:26", "end": "00:32:30", "text": "known with Kevin Worsh there may be"}, {"start": "00:32:28", "end": "00:32:32", "text": "volatility because we just don't know"}, {"start": "00:32:30", "end": "00:32:33", "text": "like we don't know anything so the it's"}, {"start": "00:32:32", "end": "00:32:35", "text": "tough to price in the market cannot"}, {"start": "00:32:33", "end": "00:32:36", "text": "price in what hell is going to he's"}, {"start": "00:32:35", "end": "00:32:38", "text": "going to come out of his mouth uh how"}, {"start": "00:32:36", "end": "00:32:39", "text": "he's going to speak he's going to even"}, {"start": "00:32:38", "end": "00:32:41", "text": "if he doesn't change the rate because"}, {"start": "00:32:39", "end": "00:32:42", "text": "that the market has quite a good idea"}, {"start": "00:32:41", "end": "00:32:44", "text": "about that he's not going to change the"}, {"start": "00:32:42", "end": "00:32:47", "text": "rate but what he's going to say how he's"}, {"start": "00:32:44", "end": "00:32:52", "text": "going to sound etc etc is going to be"}, {"start": "00:32:47", "end": "00:32:52", "text": "very interesting so that's tomorrow."}, {"start": "00:32:53", "end": "00:32:58", "text": "JGC Pompiano having Peter Shift. I I"}, {"start": "00:32:55", "end": "00:33:01", "text": "think he said it's not going to zero."}, {"start": "00:32:58", "end": "00:33:04", "text": "I think it was on uh what is it? CNBC or"}, {"start": "00:33:01", "end": "00:33:05", "text": "something."}, {"start": "00:33:04", "end": "00:33:07", "text": "Peter Shiff did not want to take the"}, {"start": "00:33:05", "end": "00:33:09", "text": "bet, right? That it's going to go to"}, {"start": "00:33:07", "end": "00:33:10", "text": "zero. Intel is still looking good. So,"}, {"start": "00:33:09", "end": "00:33:12", "text": "that's about Intel. Intel looking good."}, {"start": "00:33:10", "end": "00:33:17", "text": "Bullish kind of open here around the"}, {"start": "00:33:12", "end": "00:33:17", "text": "previous previous high."}, {"start": "00:33:23", "end": "00:33:29", "text": "How about SEC approving it pro pricing?"}, {"start": "00:33:27", "end": "00:33:31", "text": "Oh, yeah. Yeah. I actually had it in in"}, {"start": "00:33:29", "end": "00:33:32", "text": "just a few days ago, but I didn't cover"}, {"start": "00:33:31", "end": "00:33:34", "text": "it because it seemed a bit boring news."}, {"start": "00:33:32", "end": "00:33:37", "text": "Let me see"}, {"start": "00:33:34", "end": "00:33:38", "text": "what's what's going to happen here. So,"}, {"start": "00:33:37", "end": "00:33:41", "text": "I remember a few days ago I actually had"}, {"start": "00:33:38", "end": "00:33:42", "text": "it in my like news, but uh you know,"}, {"start": "00:33:41", "end": "00:33:45", "text": "each and every day I have to remove a"}, {"start": "00:33:42", "end": "00:33:48", "text": "few news from the agenda. So it's uh so"}, {"start": "00:33:45", "end": "00:33:49", "text": "we have only the most impactful but what"}, {"start": "00:33:48", "end": "00:33:52", "text": "happened here? So uh this actively"}, {"start": "00:33:49", "end": "00:33:55", "text": "managed okay they have going to have"}, {"start": "00:33:52", "end": "00:33:57", "text": "bitcoin e"}, {"start": "00:33:55", "end": "00:34:00", "text": "uh while the approval of exchange rule"}, {"start": "00:33:57", "end": "00:34:03", "text": "clears the way for the product."}, {"start": "00:34:00", "end": "00:34:07", "text": "So they basically allowed a actively"}, {"start": "00:34:03", "end": "00:34:09", "text": "managed ETF. Okay, good. I mean, good"}, {"start": "00:34:07", "end": "00:34:11", "text": "that good that it's that it's uh"}, {"start": "00:34:09", "end": "00:34:14", "text": "possible,"}, {"start": "00:34:11", "end": "00:34:17", "text": "but I would stay away from stuff like"}, {"start": "00:34:14", "end": "00:34:20", "text": "this because uh"}, {"start": "00:34:17", "end": "00:34:24", "text": "yeah, I mean, actively managing crypto"}, {"start": "00:34:20", "end": "00:34:26", "text": "in many cases, it's going to be bad."}, {"start": "00:34:24", "end": "00:34:30", "text": "How they going to manage? They're going"}, {"start": "00:34:26", "end": "00:34:32", "text": "to manage it on Wall Street with uh I I"}, {"start": "00:34:30", "end": "00:34:34", "text": "think it's going to be tough for them."}, {"start": "00:34:32", "end": "00:34:37", "text": "You need to look at how they set up this"}, {"start": "00:34:34", "end": "00:34:41", "text": "also. I you know the meet Kevin his"}, {"start": "00:34:37", "end": "00:34:44", "text": "channel you know meet Kevin channel"}, {"start": "00:34:41", "end": "00:34:47", "text": "speaks about stocks and stuff but he had"}, {"start": "00:34:44", "end": "00:34:49", "text": "his own ETF actively managed stock ETF"}, {"start": "00:34:47", "end": "00:34:51", "text": "and he shut it down because it didn't"}, {"start": "00:34:49", "end": "00:34:54", "text": "perform well and it didn't really work"}, {"start": "00:34:51", "end": "00:34:58", "text": "but then he recorded a video about how"}, {"start": "00:34:54", "end": "00:35:00", "text": "it works having an actively managed ETF"}, {"start": "00:34:58", "end": "00:35:05", "text": "and he said"}, {"start": "00:35:00", "end": "00:35:07", "text": "he said yeah I wanted to do a trade you"}, {"start": "00:35:05", "end": "00:35:10", "text": "called the ETF company because he did"}, {"start": "00:35:07", "end": "00:35:12", "text": "like a white label ETF from an ETF"}, {"start": "00:35:10", "end": "00:35:14", "text": "provider that has all the licenses. So"}, {"start": "00:35:12", "end": "00:35:16", "text": "you want to do a trade, you you call"}, {"start": "00:35:14", "end": "00:35:20", "text": "them up, they may be on lunch, they are"}, {"start": "00:35:16", "end": "00:35:23", "text": "unavailable, they come back tomorrow,"}, {"start": "00:35:20", "end": "00:35:25", "text": "uh you miss you miss the entry. That's"}, {"start": "00:35:23", "end": "00:35:27", "text": "number one. Number two, they also told"}, {"start": "00:35:25", "end": "00:35:30", "text": "him that hey, you cannot have too much"}, {"start": "00:35:27", "end": "00:35:32", "text": "Tesla. It's too too concentrated. Okay,"}, {"start": "00:35:30", "end": "00:35:33", "text": "it's against the ETF rules or whatever."}, {"start": "00:35:32", "end": "00:35:35", "text": "So that was another thing that he could"}, {"start": "00:35:33", "end": "00:35:36", "text": "couldn't be too concentrated. I don't"}, {"start": "00:35:35", "end": "00:35:39", "text": "know if it's going to be similar here,"}, {"start": "00:35:36", "end": "00:35:42", "text": "but just looking at how bad crypto funds"}, {"start": "00:35:39", "end": "00:35:43", "text": "have been last cycles. Look at three"}, {"start": "00:35:42", "end": "00:35:47", "text": "arrow Capital. I mean, look at all of"}, {"start": "00:35:43", "end": "00:35:50", "text": "them. They've been so bad, man. So bad."}, {"start": "00:35:47", "end": "00:35:54", "text": "I would stay away. I would stay away."}, {"start": "00:35:50", "end": "00:35:57", "text": "Many of them also uh will ride you down."}, {"start": "00:35:54", "end": "00:36:00", "text": "Uh we need to check the actual strategy."}, {"start": "00:35:57", "end": "00:36:04", "text": "But you know, ETH, Sana, XRP, Solana can"}, {"start": "00:36:00", "end": "00:36:06", "text": "go down 90% easy, easy easy, easy XRP"}, {"start": "00:36:04", "end": "00:36:08", "text": "also. So if they're just going to, you"}, {"start": "00:36:06", "end": "00:36:11", "text": "know, slash money from Bitcoin to E to"}, {"start": "00:36:08", "end": "00:36:13", "text": "Salana to XR,"}, {"start": "00:36:11", "end": "00:36:15", "text": "you you can do it yourself better. So"}, {"start": "00:36:13", "end": "00:36:17", "text": "any anything like actively managed to"}, {"start": "00:36:15", "end": "00:36:20", "text": "stay away. It's better to have if you"}, {"start": "00:36:17", "end": "00:36:22", "text": "want crypto in your retirement, have"}, {"start": "00:36:20", "end": "00:36:25", "text": "just proper ETF like, you know, black,"}, {"start": "00:36:22", "end": "00:36:27", "text": "that's it. this actively managed they're"}, {"start": "00:36:25", "end": "00:36:30", "text": "going to do more harm than good. I think"}, {"start": "00:36:27", "end": "00:36:32", "text": "it's very hard for them to outperform"}, {"start": "00:36:30", "end": "00:36:35", "text": "crypto especially if you know it's like"}, {"start": "00:36:32", "end": "00:36:37", "text": "boomer some boomer guy is gonna"}, {"start": "00:36:35", "end": "00:36:40", "text": "rebalance it as"}, {"start": "00:36:37", "end": "00:36:44", "text": "no"}, {"start": "00:36:40", "end": "00:36:46", "text": "I would stay away I would stay away"}, {"start": "00:36:44", "end": "00:36:49", "text": "but yeah good good that is possible good"}, {"start": "00:36:46", "end": "00:36:49", "text": "that is possible"}, {"start": "00:36:50", "end": "00:36:54", "text": "I was trying to find the ETF info alpha"}, {"start": "00:36:52", "end": "00:36:57", "text": "chart of"}, {"start": "00:36:54", "end": "00:37:01", "text": "bullming I could not find it. Um, yeah,"}, {"start": "00:36:57", "end": "00:37:04", "text": "we have it. We have it. Let me see if we"}, {"start": "00:37:01", "end": "00:37:10", "text": "chart. We have it."}, {"start": "00:37:04", "end": "00:37:10", "text": "Uh, ETF daily flows here."}, {"start": "00:37:15", "end": "00:37:21", "text": "Yeah, also there is this one ETF"}, {"start": "00:37:17", "end": "00:37:23", "text": "outflow. Let's check the latest."}, {"start": "00:37:21", "end": "00:37:27", "text": "We have it here also. I just need to"}, {"start": "00:37:23", "end": "00:37:29", "text": "double check. So it's um it's fully uh"}, {"start": "00:37:27", "end": "00:37:32", "text": "plugged in to the data but we have it"}, {"start": "00:37:29", "end": "00:37:38", "text": "here in the uh outflow and then you have"}, {"start": "00:37:32", "end": "00:37:38", "text": "it here also. This is the standard one."}, {"start": "00:37:38", "end": "00:37:42", "text": "So"}, {"start": "00:37:40", "end": "00:37:44", "text": "why is zero so much zero? What's what's"}, {"start": "00:37:42", "end": "00:37:46", "text": "happening? They don't report data or"}, {"start": "00:37:44", "end": "00:37:48", "text": "what else happening? Don't be zero."}, {"start": "00:37:46", "end": "00:37:50", "text": "Don't report maybe or maybe there is"}, {"start": "00:37:48", "end": "00:37:52", "text": "like zero interest, no outflow, no"}, {"start": "00:37:50", "end": "00:37:57", "text": "inflow. Everyone has forgotten about"}, {"start": "00:37:52", "end": "00:37:59", "text": "these ETFs. Uh but yeah, so 15th of June"}, {"start": "00:37:57", "end": "00:38:02", "text": "we have out. Yesterday was out a bit in"}, {"start": "00:37:59", "end": "00:38:07", "text": "out out. OH MY GOD. AH, look at this."}, {"start": "00:38:02", "end": "00:38:07", "text": "Holy crap. Out out."}, {"start": "00:38:08", "end": "00:38:15", "text": "Holy crap, guys."}, {"start": "00:38:10", "end": "00:38:17", "text": "Holy Oh my god. Yeah. Yeah. It's um"}, {"start": "00:38:15", "end": "00:38:19", "text": "we're still deep in the bear when it"}, {"start": "00:38:17", "end": "00:38:20", "text": "comes to I mean they they are pushing"}, {"start": "00:38:19", "end": "00:38:22", "text": "the price down. I mean, EF is uh it's"}, {"start": "00:38:20", "end": "00:38:25", "text": "good in bull, it's just, you know, bad"}, {"start": "00:38:22", "end": "00:38:26", "text": "in bear. So, it's uh showing us that"}, {"start": "00:38:25", "end": "00:38:28", "text": "we're still in bare trend. If we go to"}, {"start": "00:38:26", "end": "00:38:30", "text": "50, if we go to 40, it wouldn't surprise"}, {"start": "00:38:28", "end": "00:38:34", "text": "me. But timewise, I think we just have a"}, {"start": "00:38:30", "end": "00:38:37", "text": "few months left of the bear time wise."}, {"start": "00:38:34", "end": "00:38:39", "text": "But yeah, holy crap, what outflows? Oh"}, {"start": "00:38:37", "end": "00:38:40", "text": "my god, this was crazy. What is this? 3"}, {"start": "00:38:39", "end": "00:38:42", "text": "million."}, {"start": "00:38:40", "end": "00:38:44", "text": "You know, it's honest work. It's not"}, {"start": "00:38:42", "end": "00:38:46", "text": "much, but it's honest work. Guys, that's"}, {"start": "00:38:44", "end": "00:38:47", "text": "it. Thank you very much. Big shout out"}, {"start": "00:38:46", "end": "00:38:50", "text": "to Guzman. Smash the like, subscribe,"}, {"start": "00:38:47", "end": "00:38:51", "text": "check the exchanges below. /partners for"}, {"start": "00:38:50", "end": "00:38:54", "text": "big fat signup bonus just like you like"}, {"start": "00:38:51", "end": "00:38:55", "text": "it. Uh it's automated bots. Everything"}, {"start": "00:38:54", "end": "00:38:57", "text": "is there. Everything is there."}, {"start": "00:38:55", "end": "00:38:59", "text": "boom.com/partners."}, {"start": "00:38:57", "end": "00:39:01", "text": "Uh and number two, if you want to join"}, {"start": "00:38:59", "end": "00:39:03", "text": "Bulmania wait list, go to booming.com."}, {"start": "00:39:01", "end": "00:39:05", "text": "You see the wait list there to get the"}, {"start": "00:39:03", "end": "00:39:07", "text": "money line minuscanner. We are at"}, {"start": "00:39:05", "end": "00:39:09", "text": "capacity. We don't allow new members in"}, {"start": "00:39:07", "end": "00:39:11", "text": "now because we're full. Uh but as soon"}, {"start": "00:39:09", "end": "00:39:14", "text": "as more spots open up. If you are in the"}, {"start": "00:39:11", "end": "00:39:16", "text": "wait list, you're going to get it. So uh"}, {"start": "00:39:14", "end": "00:39:19", "text": "ensure that you write yourself up there."}, {"start": "00:39:16", "end": "00:39:19", "text": "Guys, have a good day and goodbye,"}]

[{"start": "00:00:00", "end": "00:00:03", "text": "We're going live as soon as possible. Oh"}, {"start": "00:00:01", "end": "00:00:04", "text": "yes. Oh yes. Oh yes. Oh yes. Guys,"}, {"start": "00:00:03", "end": "00:00:06", "text": "welcome to another episode. And as you"}, {"start": "00:00:04", "end": "00:00:08", "text": "can see right now, we do have a very"}, {"start": "00:00:06", "end": "00:00:11", "text": "interesting situation for Bitcoin."}, {"start": "00:00:08", "end": "00:00:13", "text": "Bitcoin is bouncing off of this 200 week"}, {"start": "00:00:11", "end": "00:00:16", "text": "moving average. We did go into the buy"}, {"start": "00:00:13", "end": "00:00:19", "text": "zone. We did go to 200E moving average,"}, {"start": "00:00:16", "end": "00:00:21", "text": "which is the long-term fair price of"}, {"start": "00:00:19", "end": "00:00:24", "text": "Bitcoin. When we go back to the 200E"}, {"start": "00:00:21", "end": "00:00:26", "text": "moving average, we return to the mean."}, {"start": "00:00:24", "end": "00:00:29", "text": "And now we do have a bit of a bounce."}, {"start": "00:00:26", "end": "00:00:32", "text": "This bounce is basically retesting this"}, {"start": "00:00:29", "end": "00:00:35", "text": "old support which is now resistance at"}, {"start": "00:00:32", "end": "00:00:37", "text": "approximately 6566. As you can see, we"}, {"start": "00:00:35", "end": "00:00:40", "text": "spent a lot of time here. We spent a lot"}, {"start": "00:00:37", "end": "00:00:42", "text": "of time and now it's a bit of a bounce"}, {"start": "00:00:40", "end": "00:00:45", "text": "and retesting whether we're going to"}, {"start": "00:00:42", "end": "00:00:47", "text": "hold it as resistance or not. Overall,"}, {"start": "00:00:45", "end": "00:00:50", "text": "you see that we are still in a bare"}, {"start": "00:00:47", "end": "00:00:52", "text": "trend on the weekly. But guys, the bare"}, {"start": "00:00:50", "end": "00:00:54", "text": "trend is falling a lot like in terms of"}, {"start": "00:00:52", "end": "00:00:56", "text": "how much we have to pump in order to go"}, {"start": "00:00:54", "end": "00:00:58", "text": "to bull trend. It's not that high"}, {"start": "00:00:56", "end": "00:01:02", "text": "anymore. I mean, now we just have to go"}, {"start": "00:00:58", "end": "00:01:05", "text": "back to 84 and the next week it may go"}, {"start": "00:01:02", "end": "00:01:07", "text": "even lower. Okay, so the bullishness is"}, {"start": "00:01:05", "end": "00:01:08", "text": "really loading for this market. And I"}, {"start": "00:01:07", "end": "00:01:11", "text": "really want you to understand that later"}, {"start": "00:01:08", "end": "00:01:14", "text": "this year, the chances for us to go bull"}, {"start": "00:01:11", "end": "00:01:18", "text": "are very very very high. Uh just a few"}, {"start": "00:01:14", "end": "00:01:20", "text": "weeks ago, we needed to go to 91 to go"}, {"start": "00:01:18", "end": "00:01:22", "text": "into the weekly bull trend on the money"}, {"start": "00:01:20", "end": "00:01:25", "text": "line to basically confirm the bull"}, {"start": "00:01:22", "end": "00:01:28", "text": "market. Now it is just 84 and it is"}, {"start": "00:01:25", "end": "00:01:30", "text": "falling uh rapidly. So keep an eye on"}, {"start": "00:01:28", "end": "00:01:32", "text": "this. We're still we're still risk off"}, {"start": "00:01:30", "end": "00:01:33", "text": "overall. This industry is still bearish."}, {"start": "00:01:32", "end": "00:01:35", "text": "As you can see, Bitcoin is still"}, {"start": "00:01:33", "end": "00:01:37", "text": "bearish. But the fact that we did go"}, {"start": "00:01:35", "end": "00:01:40", "text": "into the bias on the fact that we are"}, {"start": "00:01:37", "end": "00:01:44", "text": "around the 200E moving average really"}, {"start": "00:01:40", "end": "00:01:46", "text": "shows you that the good things will"}, {"start": "00:01:44", "end": "00:01:48", "text": "start to happen sooner or later and most"}, {"start": "00:01:46", "end": "00:01:49", "text": "likely sooner. I mean sometimes you just"}, {"start": "00:01:48", "end": "00:01:51", "text": "have everything against you. For"}, {"start": "00:01:49", "end": "00:01:52", "text": "example, you have a new bare trend,"}, {"start": "00:01:51", "end": "00:01:54", "text": "everything is against you. No matter"}, {"start": "00:01:52", "end": "00:01:57", "text": "which good news you have, you still"}, {"start": "00:01:54", "end": "00:01:59", "text": "you're still gonna dump. But sometimes,"}, {"start": "00:01:57", "end": "00:02:01", "text": "for example, at the end of a bare trend,"}, {"start": "00:01:59", "end": "00:02:04", "text": "for example, when we have been now"}, {"start": "00:02:01", "end": "00:02:05", "text": "trending down since uh since October, I"}, {"start": "00:02:04", "end": "00:02:08", "text": "mean, it's it's been quite an insane"}, {"start": "00:02:05", "end": "00:02:10", "text": "fall since October. U things are"}, {"start": "00:02:08", "end": "00:02:12", "text": "becoming easier. More and more people in"}, {"start": "00:02:10", "end": "00:02:14", "text": "the world are seeing Bitcoin as a cheap"}, {"start": "00:02:12", "end": "00:02:17", "text": "alternative to the hyped investments"}, {"start": "00:02:14", "end": "00:02:19", "text": "they did such as, for example, AI. And"}, {"start": "00:02:17", "end": "00:02:21", "text": "AI is going to struggle because AI is"}, {"start": "00:02:19", "end": "00:02:24", "text": "meeting government for the first time."}, {"start": "00:02:21", "end": "00:02:26", "text": "AI has been in a la la land. You know,"}, {"start": "00:02:24", "end": "00:02:29", "text": "just develop AI. No rules, no"}, {"start": "00:02:26", "end": "00:02:31", "text": "regulation. You la you develop, you"}, {"start": "00:02:29", "end": "00:02:34", "text": "develop, you develop. And then what"}, {"start": "00:02:31", "end": "00:02:37", "text": "happened on Friday? Anthropic had to"}, {"start": "00:02:34", "end": "00:02:39", "text": "turn off their uh their model because"}, {"start": "00:02:37", "end": "00:02:42", "text": "the US government Trump said we have"}, {"start": "00:02:39", "end": "00:02:44", "text": "export control over you. So AI I think"}, {"start": "00:02:42", "end": "00:02:47", "text": "is going to struggle over the coming"}, {"start": "00:02:44", "end": "00:02:49", "text": "quarters because they are now having a"}, {"start": "00:02:47", "end": "00:02:52", "text": "date a date with the government. And"}, {"start": "00:02:49", "end": "00:02:54", "text": "listen, the government is uh really"}, {"start": "00:02:52", "end": "00:02:56", "text": "concerned about AI. The government and"}, {"start": "00:02:54", "end": "00:02:59", "text": "the average plebe hate AI. I mean,"}, {"start": "00:02:56", "end": "00:03:00", "text": "overall, when you look past what is"}, {"start": "00:02:59", "end": "00:03:02", "text": "being spoken on Twitter, everyone's so"}, {"start": "00:03:00", "end": "00:03:05", "text": "excited on Twitter. You look the average"}, {"start": "00:03:02", "end": "00:03:08", "text": "plebbe, they hate AI. They hate it. They"}, {"start": "00:03:05", "end": "00:03:10", "text": "want to tax the hell out of Elon. They"}, {"start": "00:03:08", "end": "00:03:12", "text": "had all this new tech bros, the new tech"}, {"start": "00:03:10", "end": "00:03:17", "text": "coming out. They lose their job. They"}, {"start": "00:03:12", "end": "00:03:20", "text": "hate it. The first step is the uh is the"}, {"start": "00:03:17", "end": "00:03:22", "text": "uh blocking of uh opanthropic."}, {"start": "00:03:20", "end": "00:03:24", "text": "Basically, they have to remove the fable"}, {"start": "00:03:22", "end": "00:03:26", "text": "model because the US wants to ensure"}, {"start": "00:03:24", "end": "00:03:29", "text": "that Chinese and other nationalities"}, {"start": "00:03:26", "end": "00:03:31", "text": "don't get access to it. So that's one uh"}, {"start": "00:03:29", "end": "00:03:34", "text": "one dimension. The other dimension is"}, {"start": "00:03:31", "end": "00:03:37", "text": "the class war that will be quite big in"}, {"start": "00:03:34", "end": "00:03:39", "text": "the coming quarters as we get closer to"}, {"start": "00:03:37", "end": "00:03:41", "text": "the midterms and especially next year as"}, {"start": "00:03:39", "end": "00:03:43", "text": "we get into the presidential race and so"}, {"start": "00:03:41", "end": "00:03:46", "text": "on so forth. One of the big questions is"}, {"start": "00:03:43", "end": "00:03:48", "text": "going to be who is the most against AI"}, {"start": "00:03:46", "end": "00:03:50", "text": "because in order to be in power, you"}, {"start": "00:03:48", "end": "00:03:53", "text": "need the vote from the plebbe. The"}, {"start": "00:03:50", "end": "00:03:55", "text": "plebbe hates AI. He's getting replaced."}, {"start": "00:03:53", "end": "00:03:58", "text": "He doesn't want anyone to get rich from"}, {"start": "00:03:55", "end": "00:04:00", "text": "AI. So you will have politicians"}, {"start": "00:03:58", "end": "00:04:01", "text": "attacking and attacking attacking AI"}, {"start": "00:04:00", "end": "00:04:03", "text": "more and more and more. This is a very"}, {"start": "00:04:01", "end": "00:04:05", "text": "important thing to follow overall"}, {"start": "00:04:03", "end": "00:04:07", "text": "because I mean Bitcoin now within the"}, {"start": "00:04:05", "end": "00:04:09", "text": "buy zone around the 200 moving average,"}, {"start": "00:04:07", "end": "00:04:11", "text": "it's still cheap even though we are in a"}, {"start": "00:04:09", "end": "00:04:12", "text": "bare trend. We're in the overall bare"}, {"start": "00:04:11", "end": "00:04:14", "text": "trend, but we're still I mean still"}, {"start": "00:04:12", "end": "00:04:17", "text": "quite cheap because we're close to a 200"}, {"start": "00:04:14", "end": "00:04:19", "text": "week. And so when you look at the what's"}, {"start": "00:04:17", "end": "00:04:22", "text": "going to happen with the sentiment,"}, {"start": "00:04:19", "end": "00:04:24", "text": "what's going to happen with AI trade, it"}, {"start": "00:04:22", "end": "00:04:27", "text": "is in my opinion living the last uh few"}, {"start": "00:04:24", "end": "00:04:29", "text": "months and then you will have to figure"}, {"start": "00:04:27", "end": "00:04:31", "text": "out something else something else. The"}, {"start": "00:04:29", "end": "00:04:33", "text": "AI bros will have to figure out"}, {"start": "00:04:31", "end": "00:04:35", "text": "something else. Especially when you look"}, {"start": "00:04:33", "end": "00:04:37", "text": "how angry people are at Elon Musk when"}, {"start": "00:04:35", "end": "00:04:39", "text": "he became a trillionaire on Friday when"}, {"start": "00:04:37", "end": "00:04:41", "text": "he launched SpaceX on the stock"}, {"start": "00:04:39", "end": "00:04:43", "text": "exchange. Man, the average person hates"}, {"start": "00:04:41", "end": "00:04:45", "text": "Elon. They don't want to see this money"}, {"start": "00:04:43", "end": "00:04:48", "text": "flowing around, people getting rich from"}, {"start": "00:04:45", "end": "00:04:50", "text": "tech, from AI. And SpaceX, by the way,"}, {"start": "00:04:48", "end": "00:04:52", "text": "it has more to do with AI than space."}, {"start": "00:04:50", "end": "00:04:53", "text": "Okay? Yes, they do have rocket. They"}, {"start": "00:04:52", "end": "00:04:56", "text": "have all of that, but a big part of the"}, {"start": "00:04:53", "end": "00:04:59", "text": "valuation is XAI because XI is part of"}, {"start": "00:04:56", "end": "00:05:02", "text": "of SpaceX also. So, is also AI. So, the"}, {"start": "00:04:59", "end": "00:05:04", "text": "left will target AI bros next. The"}, {"start": "00:05:02", "end": "00:05:06", "text": "Democrats and the left parties across"}, {"start": "00:05:04", "end": "00:05:08", "text": "Europe and other countries, they have a"}, {"start": "00:05:06", "end": "00:05:10", "text": "perfect narrative. Now, man, if I would"}, {"start": "00:05:08", "end": "00:05:12", "text": "be a bit of a socialist, man, I I would"}, {"start": "00:05:10", "end": "00:05:15", "text": "I would really I mean, this would be the"}, {"start": "00:05:12", "end": "00:05:17", "text": "golden age for him. It's the golden age."}, {"start": "00:05:15", "end": "00:05:20", "text": "The golden we have the perfect villain,"}, {"start": "00:05:17", "end": "00:05:21", "text": "trillionaire, Elon Musk, all of these AI"}, {"start": "00:05:20", "end": "00:05:24", "text": "bros. They think that they control the"}, {"start": "00:05:21", "end": "00:05:26", "text": "world. They just take what you've"}, {"start": "00:05:24", "end": "00:05:28", "text": "written online. They take the collective"}, {"start": "00:05:26", "end": "00:05:31", "text": "human thought and they make money from"}, {"start": "00:05:28", "end": "00:05:33", "text": "it. And you are not getting anything."}, {"start": "00:05:31", "end": "00:05:35", "text": "So, you should vote for me. We're going"}, {"start": "00:05:33", "end": "00:05:38", "text": "to confiscate. We're going to have 50"}, {"start": "00:05:35", "end": "00:05:40", "text": "plus% tax on AI. All these dirty dirty"}, {"start": "00:05:38", "end": "00:05:43", "text": "AI bros, what who do they think they are"}, {"start": "00:05:40", "end": "00:05:45", "text": "without us? They're not, man. I would be"}, {"start": "00:05:43", "end": "00:05:48", "text": "successful. I would be so successful if"}, {"start": "00:05:45", "end": "00:05:50", "text": "I would be a bit of a left leaning polit"}, {"start": "00:05:48", "end": "00:05:52", "text": "man. I mean, guys, for them is golden"}, {"start": "00:05:50", "end": "00:05:54", "text": "age. If you have money, what's the"}, {"start": "00:05:52", "end": "00:05:56", "text": "solution? Crypto. Zcash, man. You need"}, {"start": "00:05:54", "end": "00:06:00", "text": "Zcash more and more than ever with this"}, {"start": "00:05:56", "end": "00:06:04", "text": "kind of tendencies. You pay the Zcash"}, {"start": "00:06:00", "end": "00:06:06", "text": "renaissance, the privacy coin, man."}, {"start": "00:06:04", "end": "00:06:07", "text": "We're going to enter interesting times."}, {"start": "00:06:06", "end": "00:06:11", "text": "Interesting times. Interesting times."}, {"start": "00:06:07", "end": "00:06:13", "text": "So, all in all, the AI trade will end"}, {"start": "00:06:11", "end": "00:06:14", "text": "sooner or later. They the A stocks will"}, {"start": "00:06:13", "end": "00:06:17", "text": "not keep going up in case you have"}, {"start": "00:06:14", "end": "00:06:19", "text": "governments uh paying more attention and"}, {"start": "00:06:17", "end": "00:06:21", "text": "wanting also to win elections and get"}, {"start": "00:06:19", "end": "00:06:24", "text": "the pleb on their side because it's one"}, {"start": "00:06:21", "end": "00:06:26", "text": "one person, one vote. How you get the"}, {"start": "00:06:24", "end": "00:06:28", "text": "most people not by being pro AI guys. I"}, {"start": "00:06:26", "end": "00:06:30", "text": "mean, okay, you're pro AI. How many"}, {"start": "00:06:28", "end": "00:06:32", "text": "people you get? You get Elon, you get"}, {"start": "00:06:30", "end": "00:06:34", "text": "Ivan, maybe Ivan on tech. Okay. Who"}, {"start": "00:06:32", "end": "00:06:36", "text": "else? You get some. Okay. You get some"}, {"start": "00:06:34", "end": "00:06:38", "text": "altman, man. Okay. You get some altman."}, {"start": "00:06:36", "end": "00:06:40", "text": "But if I'm against AI, I'm going to have"}, {"start": "00:06:38", "end": "00:06:42", "text": "10,000 100,000. You guys are scared"}, {"start": "00:06:40", "end": "00:06:44", "text": "about it. You guys are scared. Come to"}, {"start": "00:06:42", "end": "00:06:46", "text": "me. Let's fix it. Let's tax the crap."}, {"start": "00:06:44", "end": "00:06:48", "text": "So, you understand? Crypto is going to"}, {"start": "00:06:46", "end": "00:06:49", "text": "shine. That's I'm so bullish about"}, {"start": "00:06:48", "end": "00:06:53", "text": "crypto guys. Now that you know, we have"}, {"start": "00:06:49", "end": "00:06:56", "text": "this overall uh greed and you know,"}, {"start": "00:06:53", "end": "00:06:58", "text": "panic and AI coming and replacing"}, {"start": "00:06:56", "end": "00:07:00", "text": "people. See, they don't like seeing"}, {"start": "00:06:58", "end": "00:07:02", "text": "money. It's a lot of money is going to"}, {"start": "00:07:00", "end": "00:07:03", "text": "be made in in AI and already has been"}, {"start": "00:07:02", "end": "00:07:05", "text": "made. People don't like seeing that."}, {"start": "00:07:03", "end": "00:07:08", "text": "There is going to be a backlash, big fat"}, {"start": "00:07:05", "end": "00:07:10", "text": "backlash. That's number one that AI AI"}, {"start": "00:07:08", "end": "00:07:12", "text": "trade is coming to an end. Crypto is is"}, {"start": "00:07:10", "end": "00:07:14", "text": "crypto trade is really just beginning"}, {"start": "00:07:12", "end": "00:07:16", "text": "later this year. That's number one."}, {"start": "00:07:14", "end": "00:07:19", "text": "Number two. Number two, guys. Number"}, {"start": "00:07:16", "end": "00:07:23", "text": "two, we have Trump coming out creating a"}, {"start": "00:07:19", "end": "00:07:24", "text": "peace deal with Iran. Uh let's see if"}, {"start": "00:07:23", "end": "00:07:26", "text": "maybe it will get reversed tomorrow. I"}, {"start": "00:07:24", "end": "00:07:29", "text": "mean with Trump, you never know. Today"}, {"start": "00:07:26", "end": "00:07:32", "text": "it's peace deal. tomorrow maybe no peace"}, {"start": "00:07:29", "end": "00:07:35", "text": "deal. So uh yeah uh markets are pumping"}, {"start": "00:07:32", "end": "00:07:36", "text": "for now. Markets are happy. So that's"}, {"start": "00:07:35", "end": "00:07:38", "text": "good. But at the same time you know how"}, {"start": "00:07:36", "end": "00:07:40", "text": "it is. I mean today they're happy."}, {"start": "00:07:38", "end": "00:07:42", "text": "Tomorrow there's no PL. I mean this"}, {"start": "00:07:40", "end": "00:07:44", "text": "thing can break any second. This thing"}, {"start": "00:07:42", "end": "00:07:46", "text": "can break any second. When we look at"}, {"start": "00:07:44", "end": "00:07:49", "text": "the commodity index GG it does want to"}, {"start": "00:07:46", "end": "00:07:52", "text": "go into bare trend on the weekly and"}, {"start": "00:07:49", "end": "00:07:54", "text": "this index is tracking oil. It is"}, {"start": "00:07:52", "end": "00:07:57", "text": "commodity index but mainly tracking oil."}, {"start": "00:07:54", "end": "00:07:59", "text": "So oil is going down a lot. Oil is"}, {"start": "00:07:57", "end": "00:08:03", "text": "falling a lot. Oil is coming back to the"}, {"start": "00:07:59", "end": "00:08:05", "text": "80s which is good. 81 it was in the 90s"}, {"start": "00:08:03", "end": "00:08:07", "text": "last week. Now it is in the 80s almost"}, {"start": "00:08:05", "end": "00:08:09", "text": "in the 70s. So overall this is quite"}, {"start": "00:08:07", "end": "00:08:11", "text": "bullish for the markets that oil is"}, {"start": "00:08:09", "end": "00:08:13", "text": "coming back down and coming back down"}, {"start": "00:08:11", "end": "00:08:16", "text": "significantly. You know not just going"}, {"start": "00:08:13", "end": "00:08:19", "text": "from 115 to like 98. It actually went"}, {"start": "00:08:16", "end": "00:08:21", "text": "now to 81 probably going lower. So"}, {"start": "00:08:19", "end": "00:08:23", "text": "overall another bull sign if Trump does"}, {"start": "00:08:21", "end": "00:08:24", "text": "not f it up. If it's not a pump and dump"}, {"start": "00:08:23", "end": "00:08:26", "text": "like with the current president guys."}, {"start": "00:08:24", "end": "00:08:28", "text": "You just never know if it's just another"}, {"start": "00:08:26", "end": "00:08:30", "text": "pump and dump for the insiders or what"}, {"start": "00:08:28", "end": "00:08:34", "text": "is it? Hopefully not pump and dump."}, {"start": "00:08:30", "end": "00:08:36", "text": "Hopefully real a real agreement, real"}, {"start": "00:08:34", "end": "00:08:38", "text": "peace. Prime Minister of Pakistan is"}, {"start": "00:08:36", "end": "00:08:40", "text": "confirming that. Not sure how much"}, {"start": "00:08:38", "end": "00:08:42", "text": "weight it adds to our analysis that"}, {"start": "00:08:40", "end": "00:08:44", "text": "Pakistan prime minister is announcing"}, {"start": "00:08:42", "end": "00:08:46", "text": "something. But anyway, you have it here."}, {"start": "00:08:44", "end": "00:08:48", "text": "He announces that the US and Iran have"}, {"start": "00:08:46", "end": "00:08:50", "text": "officially reached the peace deal and"}, {"start": "00:08:48", "end": "00:08:53", "text": "the official signing will take place on"}, {"start": "00:08:50", "end": "00:08:56", "text": "June 19th. So guys, there there are five"}, {"start": "00:08:53", "end": "00:08:59", "text": "days to f it up for uh for any of the"}, {"start": "00:08:56", "end": "00:09:01", "text": "sides intentionally or unintentionally."}, {"start": "00:08:59", "end": "00:09:03", "text": "Uh anything can happen here. Okay, so be"}, {"start": "00:09:01", "end": "00:09:04", "text": "careful. Both sides have declared the"}, {"start": "00:09:03", "end": "00:09:06", "text": "immediate and permanent termination."}, {"start": "00:09:04", "end": "00:09:08", "text": "Okay, let's see. That's good, guys."}, {"start": "00:09:06", "end": "00:09:10", "text": "That's good. But uh who knows? Who"}, {"start": "00:09:08", "end": "00:09:11", "text": "knows? Also, there is another player in"}, {"start": "00:09:10", "end": "00:09:14", "text": "the game. You know, there's another"}, {"start": "00:09:11", "end": "00:09:16", "text": "player in the game. In the game, BB,"}, {"start": "00:09:14", "end": "00:09:19", "text": "what is BB saying? I haven't seen too"}, {"start": "00:09:16", "end": "00:09:20", "text": "much. He's another player. He can push a"}, {"start": "00:09:19", "end": "00:09:22", "text": "few buttons, make a few calls. I mean,"}, {"start": "00:09:20", "end": "00:09:24", "text": "who the hell knows there? It's very"}, {"start": "00:09:22", "end": "00:09:27", "text": "complex. All of this geopolitics very"}, {"start": "00:09:24", "end": "00:09:28", "text": "complex. We are humble. We just look at"}, {"start": "00:09:27", "end": "00:09:30", "text": "the charts. If charts are bullish, good."}, {"start": "00:09:28", "end": "00:09:32", "text": "If they're bearish, bad or good, if"}, {"start": "00:09:30", "end": "00:09:33", "text": "you're short, depending on what you do."}, {"start": "00:09:32", "end": "00:09:36", "text": "So, let's see what's going to happen."}, {"start": "00:09:33", "end": "00:09:39", "text": "But here's the deal. Extending ceasefire"}, {"start": "00:09:36", "end": "00:09:42", "text": "between uh US and Iran for 60 days."}, {"start": "00:09:39", "end": "00:09:44", "text": "Begin 60-day negotiation. Okay. Okay."}, {"start": "00:09:42", "end": "00:09:46", "text": "So, 60. Okay. We move another 60day."}, {"start": "00:09:44", "end": "00:09:48", "text": "Removes US naval blockade. Okay. You can"}, {"start": "00:09:46", "end": "00:09:49", "text": "read more here. Let's see what's going"}, {"start": "00:09:48", "end": "00:09:51", "text": "to happen, guys. I I mean I I'm"}, {"start": "00:09:49", "end": "00:09:52", "text": "skeptical overall with anything with the"}, {"start": "00:09:51", "end": "00:09:54", "text": "administration. You never know. Today"}, {"start": "00:09:52", "end": "00:09:57", "text": "it's this, tomorrow it's sunny to"}, {"start": "00:09:54", "end": "00:10:00", "text": "today's rain. I mean it can be anything."}, {"start": "00:09:57", "end": "00:10:03", "text": "Guys, listen. Let's move on. Let's speak"}, {"start": "00:10:00", "end": "00:10:04", "text": "about SpaceX and the fact that uh number"}, {"start": "00:10:03", "end": "00:10:07", "text": "one is very good for blockchain overall."}, {"start": "00:10:04", "end": "00:10:08", "text": "You can trade SpaceX on chain. You can"}, {"start": "00:10:07", "end": "00:10:11", "text": "do anything on I mean it's fantastic."}, {"start": "00:10:08", "end": "00:10:12", "text": "It's fantastic. At the same time, we"}, {"start": "00:10:11", "end": "00:10:14", "text": "told to our members, we were actually"}, {"start": "00:10:12", "end": "00:10:18", "text": "live streaming around the time that"}, {"start": "00:10:14", "end": "00:10:23", "text": "SpaceX went public and the trading was"}, {"start": "00:10:18", "end": "00:10:25", "text": "at around 174 175. When you look at the"}, {"start": "00:10:23", "end": "00:10:28", "text": "hyperwood trade, when you look at I mean"}, {"start": "00:10:25", "end": "00:10:30", "text": "all other trades, pre-market trade, it"}, {"start": "00:10:28", "end": "00:10:32", "text": "was around that level. We said be"}, {"start": "00:10:30", "end": "00:10:34", "text": "careful. We're going to see how the"}, {"start": "00:10:32", "end": "00:10:36", "text": "thing opens up, what's going to happen."}, {"start": "00:10:34", "end": "00:10:39", "text": "We we're not buying at 175. We're not"}, {"start": "00:10:36", "end": "00:10:42", "text": "buying at 175. So for now it did retrace"}, {"start": "00:10:39", "end": "00:10:45", "text": "all the way to 161 and still it's too"}, {"start": "00:10:42", "end": "00:10:47", "text": "early to have a uh to have a a daily"}, {"start": "00:10:45", "end": "00:10:48", "text": "trend or a weekly trend. But if you look"}, {"start": "00:10:47", "end": "00:10:50", "text": "at the hourly trend if you have the"}, {"start": "00:10:48", "end": "00:10:52", "text": "money line you could trade on the hourly"}, {"start": "00:10:50", "end": "00:10:54", "text": "trend if you you if if you zoom in more"}, {"start": "00:10:52", "end": "00:10:56", "text": "but it's good that now it's tracing. I"}, {"start": "00:10:54", "end": "00:10:59", "text": "mean now things are happening. Now we"}, {"start": "00:10:56", "end": "00:11:01", "text": "have exchange of um of money exchange of"}, {"start": "00:10:59", "end": "00:11:04", "text": "stocks. So we'll be monitoring but"}, {"start": "00:11:01", "end": "00:11:06", "text": "overall let it settle a bit more. Things"}, {"start": "00:11:04", "end": "00:11:08", "text": "have to settle a bit more. Still SpaceX"}, {"start": "00:11:06", "end": "00:11:10", "text": "is a big news. We need the news to die"}, {"start": "00:11:08", "end": "00:11:12", "text": "down a bit. I mean today everyone is"}, {"start": "00:11:10", "end": "00:11:14", "text": "excited. Tomorrow there are more things."}, {"start": "00:11:12", "end": "00:11:17", "text": "Tomorrow there are other news. So the"}, {"start": "00:11:14", "end": "00:11:19", "text": "new cycle has to move on a bit. When the"}, {"start": "00:11:17", "end": "00:11:22", "text": "new cycle h has moved on, you will have"}, {"start": "00:11:19", "end": "00:11:25", "text": "real opportunities. So let the new cycle"}, {"start": "00:11:22", "end": "00:11:27", "text": "take a bit of a turn and uh you will be"}, {"start": "00:11:25", "end": "00:11:28", "text": "surprised. You you will be surprised"}, {"start": "00:11:27", "end": "00:11:30", "text": "what's going to happen once the once the"}, {"start": "00:11:28", "end": "00:11:32", "text": "new cycle moves. So guys on this note,"}, {"start": "00:11:30", "end": "00:11:33", "text": "welcome everyone who is watching live."}, {"start": "00:11:32", "end": "00:11:35", "text": "How are you doing this fantastic? What"}, {"start": "00:11:33", "end": "00:11:37", "text": "is it? Uh Monday. Monday, guys. We're"}, {"start": "00:11:35", "end": "00:11:39", "text": "back. It's another week, another Monday."}, {"start": "00:11:37", "end": "00:11:41", "text": "Let me know if you watch the football"}, {"start": "00:11:39", "end": "00:11:45", "text": "World Cup. If you guys are watching"}, {"start": "00:11:41", "end": "00:11:46", "text": "that, many people watch that. Uh dudes"}, {"start": "00:11:45", "end": "00:11:48", "text": "kicking around the ball. People are"}, {"start": "00:11:46", "end": "00:11:50", "text": "fascinated with that. Fascinated."}, {"start": "00:11:48", "end": "00:11:52", "text": "Fascinated. But listen, some other"}, {"start": "00:11:50", "end": "00:11:55", "text": "people watch charts. Charts go up and"}, {"start": "00:11:52", "end": "00:11:57", "text": "down. Boop boop. Some people watch dudes"}, {"start": "00:11:55", "end": "00:11:58", "text": "uh kicking a ball. Whatever you want,"}, {"start": "00:11:57", "end": "00:12:01", "text": "guys. Good for you. Good for you. Let me"}, {"start": "00:11:58", "end": "00:12:03", "text": "know which one you are."}, {"start": "00:12:01", "end": "00:12:05", "text": "I'm Guys, I'm more towards watching the"}, {"start": "00:12:03", "end": "00:12:07", "text": "chart. a bit less watching the ball,"}, {"start": "00:12:05", "end": "00:12:08", "text": "kick kicking the ball. I don't know."}, {"start": "00:12:07", "end": "00:12:10", "text": "They make they make football so slow,"}, {"start": "00:12:08", "end": "00:12:12", "text": "man. You can you can be there for like"}, {"start": "00:12:10", "end": "00:12:14", "text": "what is it 90 minutes there is no goal"}, {"start": "00:12:12", "end": "00:12:16", "text": "and you know the dudes are excited, you"}, {"start": "00:12:14", "end": "00:12:18", "text": "know. Great game, great match. Okay,"}, {"start": "00:12:16", "end": "00:12:20", "text": "there also zero goal. I mean at least in"}, {"start": "00:12:18", "end": "00:12:24", "text": "hockey things are happening. You stand"}, {"start": "00:12:20", "end": "00:12:26", "text": "there, yay, go. Like what is this? Then"}, {"start": "00:12:24", "end": "00:12:29", "text": "it's a zero. What is this? Or maybe one."}, {"start": "00:12:26", "end": "00:12:30", "text": "Maybe one. My one maybe one you get. One"}, {"start": "00:12:29", "end": "00:12:33", "text": "you get. Anyway, big shout out to you if"}, {"start": "00:12:30", "end": "00:12:35", "text": "you watch that. uh not fully my cup of"}, {"start": "00:12:33", "end": "00:12:37", "text": "tea but maybe you know the finals maybe"}, {"start": "00:12:35", "end": "00:12:39", "text": "I I will watch but uh uh you know some"}, {"start": "00:12:37", "end": "00:12:40", "text": "people watch charts I mean I'm more of a"}, {"start": "00:12:39", "end": "00:12:42", "text": "chart more of a chart let me know let"}, {"start": "00:12:40", "end": "00:12:45", "text": "let know which one you are and as always"}, {"start": "00:12:42", "end": "00:12:50", "text": "as always if you are trading anything in"}, {"start": "00:12:45", "end": "00:12:50", "text": "this market go to bullmania.com/barters"}, {"start": "00:12:51", "end": "00:12:55", "text": "you have big fat signup bonus buy bit"}, {"start": "00:12:53", "end": "00:12:57", "text": "big fat signup bonus you can trade"}, {"start": "00:12:55", "end": "00:12:59", "text": "stocks crypto or soccer yeah exactly if"}, {"start": "00:12:57", "end": "00:13:02", "text": "you if you're in the US you say soccer"}, {"start": "00:12:59", "end": "00:13:03", "text": "do you say soccer world cup okay That's"}, {"start": "00:13:02", "end": "00:13:05", "text": "interesting. That's very interesting."}, {"start": "00:13:03", "end": "00:13:07", "text": "Okay. But yeah, this is the time where"}, {"start": "00:13:05", "end": "00:13:11", "text": "Americans discover a bit of a soccer."}, {"start": "00:13:07", "end": "00:13:13", "text": "Okay. Big shout out. Big shout pionex."}, {"start": "00:13:11", "end": "00:13:15", "text": "Fantastic. Pionex. All the bots you get"}, {"start": "00:13:13", "end": "00:13:16", "text": "here. Big sign bonus. All the bots"}, {"start": "00:13:15", "end": "00:13:19", "text": "weeks. It's like buy bit but low KYC."}, {"start": "00:13:16", "end": "00:13:20", "text": "Big sign bonus all the bots. Oh sorry"}, {"start": "00:13:19", "end": "00:13:23", "text": "tutorial. You get tutorial. Watch"}, {"start": "00:13:20", "end": "00:13:25", "text": "tutorial. Go to bull.com/partners"}, {"start": "00:13:23", "end": "00:13:27", "text": "and yeah sign up on all of this if you"}, {"start": "00:13:25", "end": "00:13:28", "text": "are trading and you want a good deal."}, {"start": "00:13:27", "end": "00:13:30", "text": "And number two, if you go to"}, {"start": "00:13:28", "end": "00:13:32", "text": "bullmaya.com, you can sign up for the"}, {"start": "00:13:30", "end": "00:13:34", "text": "wait list for bulmania to get the"}, {"start": "00:13:32", "end": "00:13:35", "text": "mainline, the money scanner. We are at"}, {"start": "00:13:34", "end": "00:13:37", "text": "capacity. So we're just emailing out"}, {"start": "00:13:35", "end": "00:13:38", "text": "whenever there is spot. The sooner you"}, {"start": "00:13:37", "end": "00:13:40", "text": "sign up, the better. But currently,"}, {"start": "00:13:38", "end": "00:13:43", "text": "we're at capacity. So no way to like"}, {"start": "00:13:40", "end": "00:13:45", "text": "join insta join. Now guys, on this note,"}, {"start": "00:13:43", "end": "00:13:46", "text": "let's check the overall market. We have"}, {"start": "00:13:45", "end": "00:13:50", "text": "uh what's happening. We have Bitcoin"}, {"start": "00:13:46", "end": "00:13:54", "text": "plus 1% Zcash. Zcash Zcash plus"}, {"start": "00:13:50", "end": "00:13:57", "text": "fantastic uh uh what is it? 15 15%."}, {"start": "00:13:54", "end": "00:14:00", "text": "Yeah, 15% 15% over the last 24 hours and"}, {"start": "00:13:57", "end": "00:14:02", "text": "4% since the candle started. 15% uh"}, {"start": "00:14:00", "end": "00:14:04", "text": "probably because people are seeing how"}, {"start": "00:14:02", "end": "00:14:07", "text": "the left is after Elon. Holy crap."}, {"start": "00:14:04", "end": "00:14:09", "text": "Bernie Sanders saying that we should"}, {"start": "00:14:07", "end": "00:14:11", "text": "grill Elon alive. I mean more or less"}, {"start": "00:14:09", "end": "00:14:13", "text": "more or less. And the thing is here's"}, {"start": "00:14:11", "end": "00:14:15", "text": "the dirty part. They all understand they"}, {"start": "00:14:13", "end": "00:14:18", "text": "all understand that trillion dollars for"}, {"start": "00:14:15", "end": "00:14:19", "text": "Elon's uh net worth is not just money"}, {"start": "00:14:18", "end": "00:14:21", "text": "laying around. It's not like you know"}, {"start": "00:14:19", "end": "00:14:22", "text": "you can take the trillion dollars you"}, {"start": "00:14:21", "end": "00:14:24", "text": "can do something with it. It's his"}, {"start": "00:14:22", "end": "00:14:26", "text": "company valuation. Valuation is based on"}, {"start": "00:14:24", "end": "00:14:29", "text": "future performance. It's not like he can"}, {"start": "00:14:26", "end": "00:14:30", "text": "sell it. Should he start selling it the"}, {"start": "00:14:29", "end": "00:14:32", "text": "stock, the stock is going to collapse"}, {"start": "00:14:30", "end": "00:14:35", "text": "minus 90% instantly because the"}, {"start": "00:14:32", "end": "00:14:37", "text": "valuation is in Elon still working,"}, {"start": "00:14:35", "end": "00:14:39", "text": "still being present, still uh still"}, {"start": "00:14:37", "end": "00:14:40", "text": "contributing. Should the market feel,"}, {"start": "00:14:39", "end": "00:14:41", "text": "holy crap, Elon is sudden, they're also"}, {"start": "00:14:40", "end": "00:14:44", "text": "going to dump and then boop it goes from"}, {"start": "00:14:41", "end": "00:14:45", "text": "a trillion to, you know, 1 billion can"}, {"start": "00:14:44", "end": "00:14:48", "text": "go down very fast man. There's a"}, {"start": "00:14:45", "end": "00:14:50", "text": "financial market and the leftist I mean"}, {"start": "00:14:48", "end": "00:14:51", "text": "they probably they understand it but for"}, {"start": "00:14:50", "end": "00:14:53", "text": "for the play but they don't say that"}, {"start": "00:14:51", "end": "00:14:55", "text": "they say look at this he has one"}, {"start": "00:14:53", "end": "00:14:58", "text": "trillion how much you have you have $1."}, {"start": "00:14:55", "end": "00:15:00", "text": "This guy has one trillion and he is not"}, {"start": "00:14:58", "end": "00:15:03", "text": "curing world hunger with his trillions"}, {"start": "00:15:00", "end": "00:15:06", "text": "because he's dirty and greedy man if I"}, {"start": "00:15:03", "end": "00:15:10", "text": "would be left politician. Holy crap man."}, {"start": "00:15:06", "end": "00:15:13", "text": "If I would be left polit Oh my god. Oh"}, {"start": "00:15:10", "end": "00:15:14", "text": "my god"}, {"start": "00:15:13", "end": "00:15:17", "text": "guys. Guys, if this crypto thing does"}, {"start": "00:15:14", "end": "00:15:19", "text": "not work out, I will be socialist"}, {"start": "00:15:17", "end": "00:15:22", "text": "politician. We're going to be the best."}, {"start": "00:15:19", "end": "00:15:23", "text": "Going to be the best."}, {"start": "00:15:22", "end": "00:15:24", "text": "We're going to be the best. We're going"}, {"start": "00:15:23", "end": "00:15:26", "text": "to be the best. We We're going to"}, {"start": "00:15:24", "end": "00:15:28", "text": "explain everything for the player. How"}, {"start": "00:15:26", "end": "00:15:29", "text": "we're going to take control, man. It's"}, {"start": "00:15:28", "end": "00:15:32", "text": "going to be great. It's going to be"}, {"start": "00:15:29", "end": "00:15:34", "text": "great. So guys, Zcash, you see Zcash."}, {"start": "00:15:32", "end": "00:15:37", "text": "Zash is also feeling that. Zash is"}, {"start": "00:15:34", "end": "00:15:40", "text": "feeling that Zcash is protection against"}, {"start": "00:15:37", "end": "00:15:42", "text": "socialist politician in real time. Okay."}, {"start": "00:15:40", "end": "00:15:44", "text": "Fantastic. Fantastic. Near also I mean"}, {"start": "00:15:42", "end": "00:15:46", "text": "near is also privacy man. Near is near"}, {"start": "00:15:44", "end": "00:15:48", "text": "is pumping 12% over the last 24 hours."}, {"start": "00:15:46", "end": "00:15:54", "text": "Also privacy. It's alo privacy. There"}, {"start": "00:15:48", "end": "00:15:56", "text": "you go. Sana. Sana is back. $71. $71. Uh"}, {"start": "00:15:54", "end": "00:15:59", "text": "let's see how Sana chart looks. How are"}, {"start": "00:15:56", "end": "00:16:01", "text": "we coming back from uh uh from the"}, {"start": "00:15:59", "end": "00:16:03", "text": "trajectory towards 30 or not? Let's see."}, {"start": "00:16:01", "end": "00:16:05", "text": "I mean overall still looks a bit weak. I"}, {"start": "00:16:03", "end": "00:16:07", "text": "mean it looks very weak. It actually"}, {"start": "00:16:05", "end": "00:16:10", "text": "broke down. Hasn't even retested this uh"}, {"start": "00:16:07", "end": "00:16:13", "text": "uh this breakdown. Overall the magnet is"}, {"start": "00:16:10", "end": "00:16:15", "text": "still here but fundamentally listen the"}, {"start": "00:16:13", "end": "00:16:16", "text": "chart is most important but at some"}, {"start": "00:16:15", "end": "00:16:21", "text": "point at some point as the new bull"}, {"start": "00:16:16", "end": "00:16:22", "text": "market comes as the new cycle starts"}, {"start": "00:16:21", "end": "00:16:24", "text": "people can speak about fundamentals"}, {"start": "00:16:22", "end": "00:16:26", "text": "fundamentally Sana is I mean leading"}, {"start": "00:16:24", "end": "00:16:28", "text": "when it comes to all of this uh trading"}, {"start": "00:16:26", "end": "00:16:29", "text": "you have when there's a new coin and we"}, {"start": "00:16:28", "end": "00:16:31", "text": "will actually be speaking about some"}, {"start": "00:16:29", "end": "00:16:33", "text": "gaming at the end of the show gaming is"}, {"start": "00:16:31", "end": "00:16:35", "text": "is on Sana and so on so forth so uh"}, {"start": "00:16:33", "end": "00:16:36", "text": "here's going to be cheap here's going to"}, {"start": "00:16:35", "end": "00:16:37", "text": "be cheap if it goes to start holy crap"}, {"start": "00:16:36", "end": "00:16:39", "text": "we're going to be buying left and right"}, {"start": "00:16:37", "end": "00:16:42", "text": "let's see what's going to Still kind of"}, {"start": "00:16:39", "end": "00:16:45", "text": "heading there. E. What's happening? E."}, {"start": "00:16:42", "end": "00:16:46", "text": "E. Why is Why is see if I have tracing"}, {"start": "00:16:45", "end": "00:16:48", "text": "like this? I cannot click here. Why I"}, {"start": "00:16:46", "end": "00:16:51", "text": "cannot click here? I need to go to here."}, {"start": "00:16:48", "end": "00:16:53", "text": "And now I can some bug. Anyway,"}, {"start": "00:16:51", "end": "00:16:55", "text": "dead the dead man walking. Whatever it's"}, {"start": "00:16:53", "end": "00:16:58", "text": "doing. Not pumping yet. Not pumping yet."}, {"start": "00:16:55", "end": "00:17:00", "text": "So be patient. You don't have to wor uh"}, {"start": "00:16:58", "end": "00:17:02", "text": "hurry. You don't have to worry. The bare"}, {"start": "00:17:00", "end": "00:17:04", "text": "trend is coming down quite fast here"}, {"start": "00:17:02", "end": "00:17:05", "text": "also. I mean see this is why I'm excited"}, {"start": "00:17:04", "end": "00:17:07", "text": "for crypto overall. Even though we are"}, {"start": "00:17:05", "end": "00:17:09", "text": "in bare trend, we're still risk off. I"}, {"start": "00:17:07", "end": "00:17:11", "text": "mean overall we're still risk off. We're"}, {"start": "00:17:09", "end": "00:17:14", "text": "still risk off. We're still risk off."}, {"start": "00:17:11", "end": "00:17:16", "text": "But but but but but but"}, {"start": "00:17:14", "end": "00:17:18", "text": "the situation is such that we we don't"}, {"start": "00:17:16", "end": "00:17:20", "text": "need a big pump to go bullish on many on"}, {"start": "00:17:18", "end": "00:17:22", "text": "on many things guys. We don't need a big"}, {"start": "00:17:20", "end": "00:17:24", "text": "pump on Bitcoin. We have to go to 84."}, {"start": "00:17:22", "end": "00:17:26", "text": "It's it's not a big pump. If you look at"}, {"start": "00:17:24", "end": "00:17:27", "text": "how it was a few weeks ago and it's"}, {"start": "00:17:26", "end": "00:17:31", "text": "going coming down in a few weeks maybe"}, {"start": "00:17:27", "end": "00:17:35", "text": "74. Look here on ETH to go bull trend."}, {"start": "00:17:31", "end": "00:17:37", "text": "We just have to go to 2.2. It was at 2.2"}, {"start": "00:17:35", "end": "00:17:39", "text": "like at the middle of May. It was two"}, {"start": "00:17:37", "end": "00:17:41", "text": "point like around here. Okay. So, this"}, {"start": "00:17:39", "end": "00:17:42", "text": "is why it's time to be bullish for"}, {"start": "00:17:41", "end": "00:17:45", "text": "Avalanche. There's no cure for"}, {"start": "00:17:42", "end": "00:17:48", "text": "Avalanche."}, {"start": "00:17:45", "end": "00:17:50", "text": "Zcash still bullish. Hyperlid still"}, {"start": "00:17:48", "end": "00:17:52", "text": "bullish. So, yeah. I mean, uh pay pay"}, {"start": "00:17:50", "end": "00:17:54", "text": "attention to to the to the vibe shifts."}, {"start": "00:17:52", "end": "00:17:55", "text": "They are they're going to happen quite"}, {"start": "00:17:54", "end": "00:17:57", "text": "fast. I mean, especially as we get later"}, {"start": "00:17:55", "end": "00:17:59", "text": "into the year. But still, overall, guys,"}, {"start": "00:17:57", "end": "00:18:02", "text": "overall, we're still riskoff. Overall,"}, {"start": "00:17:59", "end": "00:18:04", "text": "it's still still mainly the goal is to"}, {"start": "00:18:02", "end": "00:18:06", "text": "protect capital. So be careful with"}, {"start": "00:18:04", "end": "00:18:08", "text": "alts. If your alt is in bare, be"}, {"start": "00:18:06", "end": "00:18:10", "text": "extremely extremely careful. And um"}, {"start": "00:18:08", "end": "00:18:12", "text": "overall, we're still bearish. But but"}, {"start": "00:18:10", "end": "00:18:15", "text": "things are shining somewhere there. The"}, {"start": "00:18:12", "end": "00:18:17", "text": "sun is coming up, warming up the snow. A"}, {"start": "00:18:15", "end": "00:18:21", "text": "bit of flower. Maybe we see one flower a"}, {"start": "00:18:17", "end": "00:18:23", "text": "bit too. I see a bit you know something"}, {"start": "00:18:21", "end": "00:18:24", "text": "growing there. Something under the snow."}, {"start": "00:18:23", "end": "00:18:28", "text": "Let's see. Maybe it will come up. Maybe"}, {"start": "00:18:24", "end": "00:18:29", "text": "not. I go socialist. I would vote. You"}, {"start": "00:18:28", "end": "00:18:31", "text": "guys would be the best socialist. Would"}, {"start": "00:18:29", "end": "00:18:33", "text": "be the best. We would be attacking AI."}, {"start": "00:18:31", "end": "00:18:37", "text": "Elon, I would explain everything how all"}, {"start": "00:18:33", "end": "00:18:39", "text": "of these trillionaires hoarding wealth."}, {"start": "00:18:37", "end": "00:18:41", "text": "H how is it so that socialists are not"}, {"start": "00:18:39", "end": "00:18:43", "text": "in power all the time? It seems like the"}, {"start": "00:18:41", "end": "00:18:46", "text": "easiest job ever, man. Like the easiest"}, {"start": "00:18:43", "end": "00:18:48", "text": "job ever. So yeah. Anyway, moving on"}, {"start": "00:18:46", "end": "00:18:50", "text": "guys. Moving on. We have some big news"}, {"start": "00:18:48", "end": "00:18:53", "text": "later this week with Kevin Worsh having"}, {"start": "00:18:50", "end": "00:18:56", "text": "his first FOMC meeting. So as you know,"}, {"start": "00:18:53", "end": "00:18:59", "text": "the new Fed chair is is in. I believe"}, {"start": "00:18:56", "end": "00:19:01", "text": "that this um uh Iran peace deal has to"}, {"start": "00:18:59", "end": "00:19:04", "text": "do with the fact that Kevin Worsh needs"}, {"start": "00:19:01", "end": "00:19:07", "text": "to have bullish ammunition on Wednesday."}, {"start": "00:19:04", "end": "00:19:10", "text": "So on Wednesday he will have his first"}, {"start": "00:19:07", "end": "00:19:11", "text": "FOMC. He needs some ammunition. He needs"}, {"start": "00:19:10", "end": "00:19:13", "text": "to say that you know conflict is over."}, {"start": "00:19:11", "end": "00:19:15", "text": "We can print something good is"}, {"start": "00:19:13", "end": "00:19:17", "text": "happening. We can print. So Trump needs"}, {"start": "00:19:15", "end": "00:19:19", "text": "to deliver a bit. I mean Trump needs to"}, {"start": "00:19:17", "end": "00:19:20", "text": "deliver a bit of good environment. But I"}, {"start": "00:19:19", "end": "00:19:22", "text": "don't know what is going on with the"}, {"start": "00:19:20", "end": "00:19:24", "text": "tariffs guys in the US. Do you still pay"}, {"start": "00:19:22", "end": "00:19:26", "text": "tariff or what happened? Well, what"}, {"start": "00:19:24", "end": "00:19:28", "text": "happened with tariff? Because Trump had"}, {"start": "00:19:26", "end": "00:19:31", "text": "tariff, but then the Supreme Court"}, {"start": "00:19:28", "end": "00:19:32", "text": "cancelled the tariff. It was the latest."}, {"start": "00:19:31", "end": "00:19:35", "text": "You have tariff or you have no tariff."}, {"start": "00:19:32", "end": "00:19:38", "text": "But anyway, for the Kevin Worsh uh Fed"}, {"start": "00:19:35", "end": "00:19:41", "text": "chair chairmanship, for him to be uh"}, {"start": "00:19:38", "end": "00:19:42", "text": "dovish, you cannot have tariff. You need"}, {"start": "00:19:41", "end": "00:19:44", "text": "to remove tariff. Okay? Tariff is"}, {"start": "00:19:42", "end": "00:19:46", "text": "inflationary. Tariff is paid by the"}, {"start": "00:19:44", "end": "00:19:48", "text": "consumer. No matter what Trump says,"}, {"start": "00:19:46", "end": "00:19:50", "text": "like guys, you pay the tariff. You pay"}, {"start": "00:19:48", "end": "00:19:51", "text": "the tariff. In the US, you you buy"}, {"start": "00:19:50", "end": "00:19:53", "text": "something from other, you pay tariff."}, {"start": "00:19:51", "end": "00:19:54", "text": "No, no one else paid. You would pay"}, {"start": "00:19:53", "end": "00:19:56", "text": "tire. So, it's inflationary."}, {"start": "00:19:54", "end": "00:19:58", "text": "Inflationary. This money you could have"}, {"start": "00:19:56", "end": "00:19:59", "text": "spent on in other places. So, anyway,"}, {"start": "00:19:58", "end": "00:20:02", "text": "this is going to be very interesting to"}, {"start": "00:19:59", "end": "00:20:05", "text": "see how the new Fed chair is going to"}, {"start": "00:20:02", "end": "00:20:06", "text": "handle his first speech. Is it going to"}, {"start": "00:20:05", "end": "00:20:07", "text": "be bull? Is going to be what's going to"}, {"start": "00:20:06", "end": "00:20:09", "text": "happen? What's going to happen? He also"}, {"start": "00:20:07", "end": "00:20:11", "text": "enters the role after disclosing"}, {"start": "00:20:09", "end": "00:20:13", "text": "meaningful crypto related exposure. I"}, {"start": "00:20:11", "end": "00:20:15", "text": "don't think it really matters too much."}, {"start": "00:20:13", "end": "00:20:17", "text": "I mean, overall, he cannot be pumping"}, {"start": "00:20:15", "end": "00:20:19", "text": "these things if everyone knows he has a"}, {"start": "00:20:17", "end": "00:20:21", "text": "100red million there. Okay? He cannot be"}, {"start": "00:20:19", "end": "00:20:23", "text": "say hey guys you know by the way brave"}, {"start": "00:20:21", "end": "00:20:25", "text": "poly chain and poly market I'm very bull"}, {"start": "00:20:23", "end": "00:20:27", "text": "he but he cannot he cannot be direct he"}, {"start": "00:20:25", "end": "00:20:29", "text": "cannot be direct he could be a bit"}, {"start": "00:20:27", "end": "00:20:31", "text": "indirect he could be a bit indirect but"}, {"start": "00:20:29", "end": "00:20:33", "text": "uh yeah I mean I I would imagine like"}, {"start": "00:20:31", "end": "00:20:36", "text": "you know Kevin worsh his main thing is"}, {"start": "00:20:33", "end": "00:20:38", "text": "to do a good job as this fed chair and"}, {"start": "00:20:36", "end": "00:20:39", "text": "be remembered in a good way I mean"}, {"start": "00:20:38", "end": "00:20:41", "text": "otherwise there are many there are many"}, {"start": "00:20:39", "end": "00:20:42", "text": "other ways to make a lot of money in the"}, {"start": "00:20:41", "end": "00:20:44", "text": "world especially if you have connections"}, {"start": "00:20:42", "end": "00:20:47", "text": "you know you have the connections he has"}, {"start": "00:20:44", "end": "00:20:50", "text": "he can make a lot more without any kind"}, {"start": "00:20:47", "end": "00:20:51", "text": "of public pressure where the whole world"}, {"start": "00:20:50", "end": "00:20:53", "text": "is looking at him and checking so he's"}, {"start": "00:20:51", "end": "00:20:56", "text": "not corrupt. He can do a lot more like"}, {"start": "00:20:53", "end": "00:20:58", "text": "uh doing other things. So I would"}, {"start": "00:20:56", "end": "00:21:02", "text": "imagine he's here to figure some way to"}, {"start": "00:20:58", "end": "00:21:04", "text": "bring nice uh prosperity to the average"}, {"start": "00:21:02", "end": "00:21:06", "text": "playback, get the money in, you know,"}, {"start": "00:21:04", "end": "00:21:07", "text": "get get this uh interest rate down in"}, {"start": "00:21:06", "end": "00:21:09", "text": "one way or another. But you need to do"}, {"start": "00:21:07", "end": "00:21:12", "text": "it credibly. If you do it uh in like how"}, {"start": "00:21:09", "end": "00:21:13", "text": "you say in a noncredible way, uh"}, {"start": "00:21:12", "end": "00:21:14", "text": "everyone's just going to dump"}, {"start": "00:21:13", "end": "00:21:16", "text": "treasuries. It's going to be very bad"}, {"start": "00:21:14", "end": "00:21:17", "text": "for the US. So let's see what's going to"}, {"start": "00:21:16", "end": "00:21:20", "text": "happen. that creates a different"}, {"start": "00:21:17", "end": "00:21:22", "text": "starting point than the power era. Rates"}, {"start": "00:21:20", "end": "00:21:22", "text": "will still dominate the headline. So"}, {"start": "00:21:22", "end": "00:21:24", "text": "yeah, let's see what's going to happen"}, {"start": "00:21:22", "end": "00:21:27", "text": "here with the with the Fed share, but"}, {"start": "00:21:24", "end": "00:21:31", "text": "that's going to be something to watch as"}, {"start": "00:21:27", "end": "00:21:34", "text": "we get into uh Wednesday. Now before"}, {"start": "00:21:31", "end": "00:21:37", "text": "Wednesday, let's see how uh the poly"}, {"start": "00:21:34", "end": "00:21:40", "text": "market is u"}, {"start": "00:21:37", "end": "00:21:44", "text": "is guessing here betting. So first and"}, {"start": "00:21:40", "end": "00:21:45", "text": "foremost poly market they need to update"}, {"start": "00:21:44", "end": "00:21:50", "text": "uh the picture because it's no longer"}, {"start": "00:21:45", "end": "00:21:54", "text": "power we have Kevin Worsh so uh zero"}, {"start": "00:21:50", "end": "00:21:57", "text": "basis point is the number one uh bet"}, {"start": "00:21:54", "end": "00:21:59", "text": "still that the markets have that uh"}, {"start": "00:21:57", "end": "00:22:01", "text": "nothing is going to happen until the end"}, {"start": "00:21:59", "end": "00:22:04", "text": "of the year and that's it basically and"}, {"start": "00:22:01", "end": "00:22:07", "text": "they have one basis point uh sorry 25"}, {"start": "00:22:04", "end": "00:22:10", "text": "basis point but one cut 16% uh 50 basis"}, {"start": "00:22:07", "end": "00:22:12", "text": "points 3 point yeah so the market thinks"}, {"start": "00:22:10", "end": "00:22:15", "text": "that nothing is going to get cut, but"}, {"start": "00:22:12", "end": "00:22:16", "text": "you can still have a doubish message"}, {"start": "00:22:15", "end": "00:22:18", "text": "even though you don't cut. So, that's"}, {"start": "00:22:16", "end": "00:22:21", "text": "going to be important. What the hell"}, {"start": "00:22:18", "end": "00:22:23", "text": "he's going to say when he's out there"}, {"start": "00:22:21", "end": "00:22:25", "text": "preaching? Okay. Another interesting"}, {"start": "00:22:23", "end": "00:22:27", "text": "thing is that Poly Market is now bigger"}, {"start": "00:22:25", "end": "00:22:30", "text": "than Hyperlid when it comes to uh"}, {"start": "00:22:27", "end": "00:22:32", "text": "revenue. They are bigger in terms of"}, {"start": "00:22:30", "end": "00:22:35", "text": "transactions. They're bigger in terms of"}, {"start": "00:22:32", "end": "00:22:38", "text": "uh uh everything. Why? Because World"}, {"start": "00:22:35", "end": "00:22:41", "text": "Cup. Likely because of World Cup. People"}, {"start": "00:22:38", "end": "00:22:44", "text": "love watching other dudes uh kick"}, {"start": "00:22:41", "end": "00:22:48", "text": "football. Okay, what's going to happen"}, {"start": "00:22:44", "end": "00:22:49", "text": "here? Spain, capo verde, Belgium, Egypt."}, {"start": "00:22:48", "end": "00:22:51", "text": "Guys, what's happening? Which which one"}, {"start": "00:22:49", "end": "00:22:52", "text": "are you? Which one are you? Which Who"}, {"start": "00:22:51", "end": "00:22:56", "text": "Okay. Okay. Let's do like this. Let's do"}, {"start": "00:22:52", "end": "00:22:58", "text": "like this. Who will win World Cup? Let"}, {"start": "00:22:56", "end": "00:23:00", "text": "me know in comment section. Who will"}, {"start": "00:22:58", "end": "00:23:03", "text": "win?"}, {"start": "00:23:00", "end": "00:23:06", "text": "Who will win? Is France going to win?"}, {"start": "00:23:03", "end": "00:23:06", "text": "France,"}, {"start": "00:23:07", "end": "00:23:11", "text": "Iraq. That would be crazy, man. That"}, {"start": "00:23:09", "end": "00:23:14", "text": "would be crazy."}, {"start": "00:23:11", "end": "00:23:16", "text": "Spain. Spain. Spain. Spain. Okay. Okay."}, {"start": "00:23:14", "end": "00:23:20", "text": "Spain. Spain. Our audience is bullish."}, {"start": "00:23:16", "end": "00:23:20", "text": "Spain. Netherlands."}, {"start": "00:23:20", "end": "00:23:27", "text": "Okay. Overwhelmingly Spain."}, {"start": "00:23:24", "end": "00:23:29", "text": "Interesting. Interesting. Interesting."}, {"start": "00:23:27", "end": "00:23:31", "text": "Uh, Bosnia."}, {"start": "00:23:29", "end": "00:23:35", "text": "Interesting. Which countries are here?"}, {"start": "00:23:31", "end": "00:23:37", "text": "Sweden. I saw Saudi Arabia. Uh yeah."}, {"start": "00:23:35", "end": "00:23:39", "text": "Yeah. There you go."}, {"start": "00:23:37", "end": "00:23:40", "text": "But there must be some kind of Let's"}, {"start": "00:23:39", "end": "00:23:42", "text": "see. What is this? Props. Winner."}, {"start": "00:23:40", "end": "00:23:44", "text": "Winner. Winner. Let's see. Let's see the"}, {"start": "00:23:42", "end": "00:23:49", "text": "winner here. Who Who is the number one"}, {"start": "00:23:44", "end": "00:23:54", "text": "likely to win? Spain or France? Okay."}, {"start": "00:23:49", "end": "00:24:00", "text": "Spain or France or France? France."}, {"start": "00:23:54", "end": "00:24:02", "text": "Yeah. Yeah. Yeah. Portugal. England."}, {"start": "00:24:00", "end": "00:24:02", "text": "Yeah."}, {"start": "00:24:04", "end": "00:24:08", "text": "Yeah, you basically have this this it's"}, {"start": "00:24:06", "end": "00:24:10", "text": "like the same man. But why watch guys"}, {"start": "00:24:08", "end": "00:24:12", "text": "the same thing? It's like the same top"}, {"start": "00:24:10", "end": "00:24:14", "text": "countries like uh four years ago or what"}, {"start": "00:24:12", "end": "00:24:17", "text": "has changed like Spain? It's like the"}, {"start": "00:24:14", "end": "00:24:19", "text": "same ones. Anyway, what is the US doing?"}, {"start": "00:24:17", "end": "00:24:22", "text": "They are the host country. They're"}, {"start": "00:24:19", "end": "00:24:23", "text": "already wrecked or or not yet."}, {"start": "00:24:22", "end": "00:24:25", "text": "Interesting that they put it in the US"}, {"start": "00:24:23", "end": "00:24:26", "text": "because it's it's not really a good time"}, {"start": "00:24:25", "end": "00:24:28", "text": "uh time zone for everyone who is"}, {"start": "00:24:26", "end": "00:24:29", "text": "actually interested. Well, okay. All the"}, {"start": "00:24:28", "end": "00:24:31", "text": "South America interested is good for"}, {"start": "00:24:29", "end": "00:24:33", "text": "them. But for Europe, I mean, football"}, {"start": "00:24:31", "end": "00:24:34", "text": "is very big in Europe and the time zone"}, {"start": "00:24:33", "end": "00:24:36", "text": "is so bad. They they should not have put"}, {"start": "00:24:34", "end": "00:24:37", "text": "it in the US. I mean, if you want my"}, {"start": "00:24:36", "end": "00:24:40", "text": "opinion, they should have they should"}, {"start": "00:24:37", "end": "00:24:42", "text": "not have put it there. You know, you to"}, {"start": "00:24:40", "end": "00:24:43", "text": "like 3:00 a.m. or something. Put it"}, {"start": "00:24:42", "end": "00:24:46", "text": "somewhere, you know, where you see all"}, {"start": "00:24:43", "end": "00:24:47", "text": "the Spain, France, put where the"}, {"start": "00:24:46", "end": "00:24:49", "text": "audience is. Put put it in France or"}, {"start": "00:24:47", "end": "00:24:51", "text": "something."}, {"start": "00:24:49", "end": "00:24:52", "text": "I don't know. Like they put it there"}, {"start": "00:24:51", "end": "00:24:56", "text": "like they they have they don't even call"}, {"start": "00:24:52", "end": "00:24:58", "text": "it football. They call it soccer."}, {"start": "00:24:56", "end": "00:25:00", "text": "Anyway, big shout out to Americans. Uh I"}, {"start": "00:24:58", "end": "00:25:02", "text": "I hear I hear that soccer actually is"}, {"start": "00:25:00", "end": "00:25:06", "text": "growing or football in the US is is"}, {"start": "00:25:02", "end": "00:25:10", "text": "growing a lot. So let's see. Uh now guys"}, {"start": "00:25:06", "end": "00:25:13", "text": "uh some u general industry news. Uh you"}, {"start": "00:25:10", "end": "00:25:15", "text": "have u I mean you have a bit of a gaming"}, {"start": "00:25:13", "end": "00:25:19", "text": "coming back. I see for example this"}, {"start": "00:25:15", "end": "00:25:20", "text": "thing uh kinara anam was shilling it. I"}, {"start": "00:25:19", "end": "00:25:22", "text": "did see it also. There is I mean there"}, {"start": "00:25:20", "end": "00:25:25", "text": "is something with this gaming guys. I"}, {"start": "00:25:22", "end": "00:25:29", "text": "mean I'm I'm I'm a bit hurt in the brain"}, {"start": "00:25:25", "end": "00:25:31", "text": "from Runescape where you know and Habu"}, {"start": "00:25:29", "end": "00:25:33", "text": "Hotel when I was in Tibia when I was"}, {"start": "00:25:31", "end": "00:25:36", "text": "growing up."}, {"start": "00:25:33", "end": "00:25:38", "text": "Uh I mean I do get excited when I see"}, {"start": "00:25:36", "end": "00:25:40", "text": "this. I do get excited. Now will be"}, {"start": "00:25:38", "end": "00:25:42", "text": "another pump and dam or what's you know"}, {"start": "00:25:40", "end": "00:25:44", "text": "all gaming projects sooner or later they"}, {"start": "00:25:42", "end": "00:25:47", "text": "all go to zero. That's has that has been"}, {"start": "00:25:44", "end": "00:25:49", "text": "in the last uh cycle. Uh and still"}, {"start": "00:25:47", "end": "00:25:52", "text": "Bitcoin is bearish overall. Bitcoin is"}, {"start": "00:25:49", "end": "00:25:54", "text": "bearish. So it is interesting that it is"}, {"start": "00:25:52", "end": "00:25:56", "text": "getting attention. It's quite a lot of"}, {"start": "00:25:54", "end": "00:25:58", "text": "attention on this like during the last"}, {"start": "00:25:56", "end": "00:26:01", "text": "few days. At the same time, we're still"}, {"start": "00:25:58", "end": "00:26:02", "text": "rescop so be careful. But maybe Guzman"}, {"start": "00:26:01", "end": "00:26:04", "text": "has something to play. He was playing"}, {"start": "00:26:02", "end": "00:26:07", "text": "pixels before. You guys remember Pixels?"}, {"start": "00:26:04", "end": "00:26:09", "text": "It's like a new incarnation of it. And"}, {"start": "00:26:07", "end": "00:26:13", "text": "apparently people are making real money."}, {"start": "00:26:09", "end": "00:26:15", "text": "Kintara 24hour economy update. $50,000"}, {"start": "00:26:13", "end": "00:26:18", "text": "earned by players. Okay. So what you do?"}, {"start": "00:26:15", "end": "00:26:20", "text": "You cut wood, you fish, you start. Man,"}, {"start": "00:26:18", "end": "00:26:22", "text": "we should maybe finish that game I"}, {"start": "00:26:20", "end": "00:26:24", "text": "started with AI. You guys remember I"}, {"start": "00:26:22", "end": "00:26:26", "text": "told you I was building a bit of a game"}, {"start": "00:26:24", "end": "00:26:29", "text": "with AI."}, {"start": "00:26:26", "end": "00:26:32", "text": "It was it was quite interesting with the"}, {"start": "00:26:29", "end": "00:26:34", "text": "with the Runescape. My Runescape clone."}, {"start": "00:26:32", "end": "00:26:38", "text": "I mean, I I literally did it in like a"}, {"start": "00:26:34", "end": "00:26:41", "text": "few prompts. A few promps. Where is it?"}, {"start": "00:26:38", "end": "00:26:43", "text": "Where is it? Here. I had fire making. I"}, {"start": "00:26:41", "end": "00:26:45", "text": "I mean, I had all kinds of stuff. I had"}, {"start": "00:26:43", "end": "00:26:47", "text": "fishing, fire making. What else we had?"}, {"start": "00:26:45", "end": "00:26:49", "text": "Oh, we had inventory. We had inventory."}, {"start": "00:26:47", "end": "00:26:50", "text": "We had inventory. We had all kinds of"}, {"start": "00:26:49", "end": "00:26:51", "text": "stuff. I mean, if gaming is going to"}, {"start": "00:26:50", "end": "00:26:54", "text": "come back, it would be it would be"}, {"start": "00:26:51", "end": "00:26:57", "text": "crazy, man. It would be crazy. Uh, gold"}, {"start": "00:26:54", "end": "00:27:02", "text": "rush. So, what we doing? Blue aa trailer"}, {"start": "00:26:57", "end": "00:27:05", "text": "5 key wood stone flat. Okay."}, {"start": "00:27:02", "end": "00:27:09", "text": "Okay. Weekly cosmetics. So, a bit of"}, {"start": "00:27:05", "end": "00:27:14", "text": "updates. Uh, server update. Level 20"}, {"start": "00:27:09", "end": "00:27:16", "text": "plus server. Okay. Uh, king community."}, {"start": "00:27:14", "end": "00:27:20", "text": "Who is this guy? God give it. God take"}, {"start": "00:27:16", "end": "00:27:22", "text": "it. Okay. Uh nearing 1k player. So"}, {"start": "00:27:20", "end": "00:27:23", "text": "anyway guys, see this is what caught my"}, {"start": "00:27:22", "end": "00:27:24", "text": "attention because Anson was shilling it."}, {"start": "00:27:23", "end": "00:27:26", "text": "I was like okay let's check let's check."}, {"start": "00:27:24", "end": "00:27:27", "text": "I mean are is the bull market back?"}, {"start": "00:27:26", "end": "00:27:30", "text": "Because this kind of stuff guys is bull"}, {"start": "00:27:27", "end": "00:27:31", "text": "market. This kind of stuff it's a bit of"}, {"start": "00:27:30", "end": "00:27:32", "text": "bull market. So when I saw an answer I"}, {"start": "00:27:31", "end": "00:27:35", "text": "was like okay let's check it. Let's"}, {"start": "00:27:32", "end": "00:27:37", "text": "check it. Are we back with new coins"}, {"start": "00:27:35", "end": "00:27:39", "text": "pumping? Are we back with something"}, {"start": "00:27:37", "end": "00:27:40", "text": "happening like is there some pulse?"}, {"start": "00:27:39", "end": "00:27:41", "text": "There's some pulse. So basically it is"}, {"start": "00:27:40", "end": "00:27:43", "text": "an onchain. I mean as far as I"}, {"start": "00:27:41", "end": "00:27:46", "text": "understand it's an onchain game on"}, {"start": "00:27:43", "end": "00:27:48", "text": "Solana. on Sana. I told you about Salt."}, {"start": "00:27:46", "end": "00:27:50", "text": "We're gonna be mentioning a bit of"}, {"start": "00:27:48", "end": "00:27:52", "text": "gaming. It's an onchain game on Solana."}, {"start": "00:27:50", "end": "00:27:54", "text": "Let's see what all this guy is saying."}, {"start": "00:27:52", "end": "00:27:56", "text": "And where is Kagi? Why is Kagi not"}, {"start": "00:27:54", "end": "00:27:58", "text": "covering it? Is Kagi in the chat? Check,"}, {"start": "00:27:56", "end": "00:28:00", "text": "check, check."}, {"start": "00:27:58", "end": "00:28:02", "text": "All right, guys. So, if you missed the"}, {"start": "00:28:00", "end": "00:28:03", "text": "live stream, that's all good. We're"}, {"start": "00:28:02", "end": "00:28:06", "text": "going to do a quick little rundown on"}, {"start": "00:28:03", "end": "00:28:07", "text": "Contra. Um, we're going to do some UI."}, {"start": "00:28:06", "end": "00:28:09", "text": "Uh, what I like to do for tips and"}, {"start": "00:28:07", "end": "00:28:11", "text": "tricks on collecting materials and other"}, {"start": "00:28:09", "end": "00:28:13", "text": "fun things. But anywh who, let's get"}, {"start": "00:28:11", "end": "00:28:14", "text": "started. Top right, we're going to have"}, {"start": "00:28:13", "end": "00:28:17", "text": "the friends list. Now"}, {"start": "00:28:14", "end": "00:28:18", "text": ">> guys, is it just me or you're also this"}, {"start": "00:28:17", "end": "00:28:20", "text": "with you know gaming? I I don't know"}, {"start": "00:28:18", "end": "00:28:22", "text": "what it is. I I remember being a child"}, {"start": "00:28:20", "end": "00:28:27", "text": "in Habbo Hotel getting scammed for"}, {"start": "00:28:22", "end": "00:28:30", "text": "furniture uh TB online TBI online uh"}, {"start": "00:28:27", "end": "00:28:32", "text": "rooms. I don't know what it is."}, {"start": "00:28:30", "end": "00:28:34", "text": ">> And here's my thesis. Here's my thesis."}, {"start": "00:28:32", "end": "00:28:35", "text": "I mean, number one, we're still in bare"}, {"start": "00:28:34", "end": "00:28:37", "text": "trend. Like this thing could go to zero"}, {"start": "00:28:35", "end": "00:28:40", "text": "very quickly. But overall if you look"}, {"start": "00:28:37", "end": "00:28:44", "text": "from from the bullish side if I have"}, {"start": "00:28:40", "end": "00:28:46", "text": "this uh you know good memories and I'm"}, {"start": "00:28:44", "end": "00:28:49", "text": "interested I'm thinking how many other"}, {"start": "00:28:46", "end": "00:28:50", "text": "dudes who are also brain hurt from the"}, {"start": "00:28:49", "end": "00:28:52", "text": "Runescape days and like you know World"}, {"start": "00:28:50", "end": "00:28:54", "text": "of Warcraft and all this MMO who now"}, {"start": "00:28:52", "end": "00:28:56", "text": "have money to kind of participate in"}, {"start": "00:28:54", "end": "00:28:58", "text": "this and that's the bullish thesis. You"}, {"start": "00:28:56", "end": "00:28:59", "text": "want to flip it in the bullish if you"}, {"start": "00:28:58", "end": "00:29:01", "text": "want to look at the bearish it's I mean"}, {"start": "00:28:59", "end": "00:29:03", "text": "Bitcoin is still down like everything is"}, {"start": "00:29:01", "end": "00:29:04", "text": "still bearish but from the bullish it"}, {"start": "00:29:03", "end": "00:29:06", "text": "would be the bullish"}, {"start": "00:29:04", "end": "00:29:09", "text": ">> bet 420 and trading blade. Shout out to"}, {"start": "00:29:06", "end": "00:29:11", "text": "those guys. Then to the next one, we got"}, {"start": "00:29:09", "end": "00:29:12", "text": "my backpack. Now, this is where I always"}, {"start": "00:29:11", "end": "00:29:13", "text": "catch the most fish with the quickest"}, {"start": "00:29:12", "end": "00:29:17", "text": "time over here."}, {"start": "00:29:13", "end": "00:29:18", "text": ">> Ah, man. I was fishing in Alcar. You"}, {"start": "00:29:17", "end": "00:29:20", "text": "start with Alcared in Runescape. You"}, {"start": "00:29:18", "end": "00:29:22", "text": "fish shrimp there. Then you go to"}, {"start": "00:29:20", "end": "00:29:23", "text": "Karamja for lobster. That's a bit later."}, {"start": "00:29:22", "end": "00:29:26", "text": ">> Like I said, it may be some skitso"}, {"start": "00:29:23", "end": "00:29:27", "text": "thing. I don't know."}, {"start": "00:29:26", "end": "00:29:29", "text": ">> Anyway, so we're going to see if this"}, {"start": "00:29:27", "end": "00:29:31", "text": "bull market is really back or not yet or"}, {"start": "00:29:29", "end": "00:29:33", "text": "if it's still a fake out. Remember guys,"}, {"start": "00:29:31", "end": "00:29:35", "text": "all alins, especially small altins, they"}, {"start": "00:29:33", "end": "00:29:37", "text": "can go to zero very fast. gaming coins"}, {"start": "00:29:35", "end": "00:29:40", "text": "can go to zero very fast. So uh"}, {"start": "00:29:37", "end": "00:29:43", "text": "riskreward on explore more at your own"}, {"start": "00:29:40", "end": "00:29:45", "text": "risk especially now that we are overall"}, {"start": "00:29:43", "end": "00:29:48", "text": "bearish it's still protect capital"}, {"start": "00:29:45", "end": "00:29:51", "text": "season uh but at the same time we're"}, {"start": "00:29:48", "end": "00:29:54", "text": "here to see the early movements the"}, {"start": "00:29:51", "end": "00:29:56", "text": "early movements what is something going"}, {"start": "00:29:54", "end": "00:29:58", "text": "on and potentially yes I mean I have I"}, {"start": "00:29:56", "end": "00:29:59", "text": "haven't seen too much during the bear uh"}, {"start": "00:29:58", "end": "00:30:02", "text": "like this you know some project coming"}, {"start": "00:29:59", "end": "00:30:05", "text": "out being discussed let's see guys let's"}, {"start": "00:30:02", "end": "00:30:06", "text": "see so all in all in all what is the"}, {"start": "00:30:05", "end": "00:30:08", "text": "conclusion"}, {"start": "00:30:06", "end": "00:30:10", "text": "We have the Iran situation potentially"}, {"start": "00:30:08", "end": "00:30:12", "text": "under control, potentially pump and dump"}, {"start": "00:30:10", "end": "00:30:15", "text": "in um from Trump. We're going to be"}, {"start": "00:30:12", "end": "00:30:18", "text": "monitoring that. Uh overall, uh Bitcoin"}, {"start": "00:30:15", "end": "00:30:20", "text": "around 200 week moving average is cheap"}, {"start": "00:30:18", "end": "00:30:22", "text": "and good. And uh we're still we're still"}, {"start": "00:30:20", "end": "00:30:24", "text": "at around that, but be careful because"}, {"start": "00:30:22", "end": "00:30:26", "text": "you see here it's a big resistance here."}, {"start": "00:30:24", "end": "00:30:28", "text": "Massive resistance. Big big big"}, {"start": "00:30:26", "end": "00:30:30", "text": "resistance. And this could just be a"}, {"start": "00:30:28", "end": "00:30:31", "text": "retest before going lower into the buy"}, {"start": "00:30:30", "end": "00:30:33", "text": "zone. I mean, we're fine with both."}, {"start": "00:30:31", "end": "00:30:35", "text": "We're fine with both. Uh we're"}, {"start": "00:30:33", "end": "00:30:37", "text": "fantastically fine with both. And if you"}, {"start": "00:30:35", "end": "00:30:40", "text": "want instant Valhalla, then wait for the"}, {"start": "00:30:37", "end": "00:30:42", "text": "bull flip. Now the bull flip is at 84."}, {"start": "00:30:40", "end": "00:30:44", "text": "This is going to come back come lower."}, {"start": "00:30:42", "end": "00:30:46", "text": "And uh if you have bull flip on the"}, {"start": "00:30:44", "end": "00:30:48", "text": "weekly for Bitcoin, then likelihood of"}, {"start": "00:30:46", "end": "00:30:50", "text": "us having instant Valhalla like this is"}, {"start": "00:30:48", "end": "00:30:52", "text": "very very big. Now if you're still"}, {"start": "00:30:50", "end": "00:30:54", "text": "buying like here within the bare trend,"}, {"start": "00:30:52", "end": "00:30:56", "text": "be prepared for a bit of chop, a bit of"}, {"start": "00:30:54", "end": "00:30:59", "text": "sideways, but it's it is the 200 moving"}, {"start": "00:30:56", "end": "00:31:01", "text": "average and it's I love the 200 for"}, {"start": "00:30:59", "end": "00:31:06", "text": "Bitcoin is the best is guys. On this"}, {"start": "00:31:01", "end": "00:31:09", "text": "note, let's go to Q&A questions,"}, {"start": "00:31:06", "end": "00:31:11", "text": "answers, debates, discussions. Let's go"}, {"start": "00:31:09", "end": "00:31:13", "text": "as soon as possible. Uh big shout out to"}, {"start": "00:31:11", "end": "00:31:15", "text": "Matt who is protecting us against uh"}, {"start": "00:31:13", "end": "00:31:17", "text": "spammers and scammers in the comment"}, {"start": "00:31:15", "end": "00:31:20", "text": "section. Is he's there with a ban hammer"}, {"start": "00:31:17", "end": "00:31:22", "text": "banning anyone who tries to attack the"}, {"start": "00:31:20", "end": "00:31:27", "text": "peace and the glory of our chat. That's"}, {"start": "00:31:22", "end": "00:31:29", "text": "very very nice. And let's go to Q&A."}, {"start": "00:31:27", "end": "00:31:31", "text": "So, hello Ian. Mika regulation will come"}, {"start": "00:31:29", "end": "00:31:33", "text": "in force in July."}, {"start": "00:31:31", "end": "00:31:35", "text": "Uh Arbblemania part is already Mika"}, {"start": "00:31:33", "end": "00:31:38", "text": "capture. So yeah when it comes to Mika"}, {"start": "00:31:35", "end": "00:31:40", "text": "uh BBIT is taking it extremely extremely"}, {"start": "00:31:38", "end": "00:31:42", "text": "seriously extremely extremely and I"}, {"start": "00:31:40", "end": "00:31:46", "text": "suppose everyone else is also because uh"}, {"start": "00:31:42", "end": "00:31:49", "text": "Mika is the the global EU regulation for"}, {"start": "00:31:46", "end": "00:31:52", "text": "uh uh for uh for crypto. So all"}, {"start": "00:31:49", "end": "00:31:55", "text": "exchanges having EU clients will have to"}, {"start": "00:31:52", "end": "00:31:57", "text": "will have to comply. So uh but by has"}, {"start": "00:31:55", "end": "00:31:58", "text": "already been doing that for I mean even"}, {"start": "00:31:57", "end": "00:32:01", "text": "before the deadline for example if you"}, {"start": "00:31:58", "end": "00:32:04", "text": "are in EU I mean you will get a bit"}, {"start": "00:32:01", "end": "00:32:05", "text": "worse experience it is what it is you"}, {"start": "00:32:04", "end": "00:32:08", "text": "will not have access to most things"}, {"start": "00:32:05", "end": "00:32:10", "text": "that's why if you are in the EU you"}, {"start": "00:32:08", "end": "00:32:13", "text": "could go to hyperlquid and the biggest"}, {"start": "00:32:10", "end": "00:32:15", "text": "winner guys with all of this with uh EU"}, {"start": "00:32:13", "end": "00:32:17", "text": "regulation that is taking place is going"}, {"start": "00:32:15", "end": "00:32:19", "text": "to be hyperlquid and you go here you you"}, {"start": "00:32:17", "end": "00:32:21", "text": "scroll down go to hyperlquid decks I"}, {"start": "00:32:19", "end": "00:32:23", "text": "believe using our link you also get a"}, {"start": "00:32:21", "end": "00:32:27", "text": "bunch of uh stuff with the lower fee"}, {"start": "00:32:23", "end": "00:32:30", "text": "yada yada yada great stuff. Uh but"}, {"start": "00:32:27", "end": "00:32:32", "text": "um the the problem is going to be bigger"}, {"start": "00:32:30", "end": "00:32:34", "text": "for central exchanges. For example, with"}, {"start": "00:32:32", "end": "00:32:36", "text": "per maybe it's going to be even more"}, {"start": "00:32:34", "end": "00:32:41", "text": "restricted. I mean bid has restricted a"}, {"start": "00:32:36", "end": "00:32:43", "text": "bunch of per in the EU. So uh Hyperlid"}, {"start": "00:32:41", "end": "00:32:46", "text": "is likely a solution. So if you are if"}, {"start": "00:32:43", "end": "00:32:49", "text": "you are in the EU, you probably have to"}, {"start": "00:32:46", "end": "00:32:54", "text": "learn more and more self-custody, more"}, {"start": "00:32:49", "end": "00:32:56", "text": "and more uh decks and uh uh creator"}, {"start": "00:32:54", "end": "00:32:57", "text": "journey outside of central exchanges. I"}, {"start": "00:32:56", "end": "00:33:01", "text": "mean, yeah, I I think that's how it's"}, {"start": "00:32:57", "end": "00:33:01", "text": "going to be. Let's see. Let's"}, {"start": "00:33:03", "end": "00:33:09", "text": "What do you think about"}, {"start": "00:33:06", "end": "00:33:11", "text": "Japanese yen rate hike? Is it fully"}, {"start": "00:33:09", "end": "00:33:13", "text": "priced in? Impossible to know, man."}, {"start": "00:33:11", "end": "00:33:17", "text": "possible. We We're now like two three"}, {"start": "00:33:13", "end": "00:33:19", "text": "years into the Japan FUD. Okay. Uh with"}, {"start": "00:33:17", "end": "00:33:22", "text": "the Japanese yen carry. I don't care"}, {"start": "00:33:19", "end": "00:33:23", "text": "guys. I mean before I was trying to it's"}, {"start": "00:33:22", "end": "00:33:25", "text": "I don't care anymore. I don't I just"}, {"start": "00:33:23", "end": "00:33:28", "text": "look at the trend. We see it. We see it."}, {"start": "00:33:25", "end": "00:33:31", "text": "We react to it. I don't see any kind of"}, {"start": "00:33:28", "end": "00:33:34", "text": "big u big moves at all that are due to"}, {"start": "00:33:31", "end": "00:33:37", "text": "it. Okay. If anything is moves are"}, {"start": "00:33:34", "end": "00:33:40", "text": "happening more due TO OH MAN. LOOK AT"}, {"start": "00:33:37", "end": "00:33:42", "text": "LOOK AT the NASDAQ man. NASDAQ open"}, {"start": "00:33:40", "end": "00:33:44", "text": "trading the pre-market trading. Holy"}, {"start": "00:33:42", "end": "00:33:46", "text": "crap. We're going to go to alltime high."}, {"start": "00:33:44", "end": "00:33:48", "text": "Bull trend. Bull trend. Bull trend. Holy"}, {"start": "00:33:46", "end": "00:33:50", "text": "crap. I was checking like is it uh"}, {"start": "00:33:48", "end": "00:33:53", "text": "what's going to happen there with the"}, {"start": "00:33:50", "end": "00:33:56", "text": "Japanese guys? All I know we're in a"}, {"start": "00:33:53", "end": "00:33:58", "text": "bull trend and this thing is mooning."}, {"start": "00:33:56", "end": "00:34:01", "text": "Nasdaq is mooning. S&P mooning."}, {"start": "00:33:58", "end": "00:34:03", "text": "Everything is mooning. Okay, that's it."}, {"start": "00:34:01", "end": "00:34:05", "text": "Don't worry too much. People worry so"}, {"start": "00:34:03", "end": "00:34:07", "text": "much. Don't worry. I don't even try to"}, {"start": "00:34:05", "end": "00:34:09", "text": "analyze it. [�__�] because think about it."}, {"start": "00:34:07", "end": "00:34:12", "text": "We had the Japanese yan fat. I remember"}, {"start": "00:34:09", "end": "00:34:14", "text": "already in like 2024 or something like"}, {"start": "00:34:12", "end": "00:34:16", "text": "people tried to understand it. I mean we"}, {"start": "00:34:14", "end": "00:34:18", "text": "even we tried to understand it and there"}, {"start": "00:34:16", "end": "00:34:21", "text": "were narratives that made sense but but"}, {"start": "00:34:18", "end": "00:34:24", "text": "as always with macro investing even if"}, {"start": "00:34:21", "end": "00:34:26", "text": "you are right it may just take like five"}, {"start": "00:34:24", "end": "00:34:27", "text": "years to unravel and what happens"}, {"start": "00:34:26", "end": "00:34:30", "text": "everything changes your shitcoins go to"}, {"start": "00:34:27", "end": "00:34:32", "text": "zero stocks pump bitcoin enters new bull"}, {"start": "00:34:30", "end": "00:34:35", "text": "market and you're fully wrecked anyway."}, {"start": "00:34:32", "end": "00:34:37", "text": "That's why the number one red flag if"}, {"start": "00:34:35", "end": "00:34:39", "text": "you see someone on Twitter who is giving"}, {"start": "00:34:37", "end": "00:34:42", "text": "you market analysis and they have macro"}, {"start": "00:34:39", "end": "00:34:45", "text": "investor or macro analyst in their bio"}, {"start": "00:34:42", "end": "00:34:47", "text": "you have to run run run"}, {"start": "00:34:45", "end": "00:34:49", "text": "whatever they tell you even if it makes"}, {"start": "00:34:47", "end": "00:34:51", "text": "sense likely going to be wrong as hell"}, {"start": "00:34:49", "end": "00:34:53", "text": "because even if they're right it can"}, {"start": "00:34:51", "end": "00:34:56", "text": "still take like five years. So all all"}, {"start": "00:34:53", "end": "00:34:58", "text": "this micro stuff in my experience of"}, {"start": "00:34:56", "end": "00:35:01", "text": "making money in this market you more or"}, {"start": "00:34:58", "end": "00:35:03", "text": "less have to ignore it a bit. Yes. Have"}, {"start": "00:35:01", "end": "00:35:05", "text": "it I mean have it still in mind follow"}, {"start": "00:35:03", "end": "00:35:08", "text": "it a bit you know check what's happening"}, {"start": "00:35:05", "end": "00:35:11", "text": "macro dro macro a bit down a bit up in"}, {"start": "00:35:08", "end": "00:35:14", "text": "yeah fantastic Japanese yen carriage"}, {"start": "00:35:11", "end": "00:35:16", "text": "great great but don't make decisions"}, {"start": "00:35:14", "end": "00:35:18", "text": "based on it don't make decisions based"}, {"start": "00:35:16", "end": "00:35:20", "text": "on it if you don't have confirm from the"}, {"start": "00:35:18", "end": "00:35:22", "text": "trend so now for example NASDAQ is"}, {"start": "00:35:20", "end": "00:35:24", "text": "bullish the spot Japanese yen carry"}, {"start": "00:35:22", "end": "00:35:27", "text": "trade what people yell I I don't I don't"}, {"start": "00:35:24", "end": "00:35:30", "text": "see it here it's it's up and guess what"}, {"start": "00:35:27", "end": "00:35:32", "text": "let's say something bad happens bop down"}, {"start": "00:35:30", "end": "00:35:35", "text": "Okay, we're going to see bare trend here"}, {"start": "00:35:32", "end": "00:35:36", "text": "is is the price we were at in uh like"}, {"start": "00:35:35", "end": "00:35:39", "text": "beginning of May. So it we don't even"}, {"start": "00:35:36", "end": "00:35:42", "text": "need a big fall. We just have to go back"}, {"start": "00:35:39", "end": "00:35:44", "text": "until May. Okay, and that's it. And then"}, {"start": "00:35:42", "end": "00:35:46", "text": "we're then we know it's bare. So that's"}, {"start": "00:35:44", "end": "00:35:49", "text": "the strategy is the best strategy is the"}, {"start": "00:35:46", "end": "00:35:51", "text": "mechanical rules. So if you if you"}, {"start": "00:35:49", "end": "00:35:54", "text": "really want to ensure that you're not a"}, {"start": "00:35:51", "end": "00:35:55", "text": "wrecked pleb, go to boom.com, watch the"}, {"start": "00:35:54", "end": "00:35:56", "text": "video about the mechanical rules and"}, {"start": "00:35:55", "end": "00:35:58", "text": "then sign up for for the weight list"}, {"start": "00:35:56", "end": "00:36:00", "text": "here to get into a strategy call with"}, {"start": "00:35:58", "end": "00:36:03", "text": "us. Uh once we have a few spots open,"}, {"start": "00:36:00", "end": "00:36:04", "text": "we're going to email you. It's Oh, the"}, {"start": "00:36:03", "end": "00:36:06", "text": "life is just easier. The life is just"}, {"start": "00:36:04", "end": "00:36:09", "text": "easier when you when you understand"}, {"start": "00:36:06", "end": "00:36:11", "text": "markets for what they are."}, {"start": "00:36:09", "end": "00:36:13", "text": "Even for example, SanDisk. Exactly. When"}, {"start": "00:36:11", "end": "00:36:17", "text": "you look at SanDisk, holy crap. This is"}, {"start": "00:36:13", "end": "00:36:20", "text": "the problem with holding cryptos. Oh my"}, {"start": "00:36:17", "end": "00:36:20", "text": "god."}, {"start": "00:36:22", "end": "00:36:25", "text": "Look here. This is the problem with"}, {"start": "00:36:23", "end": "00:36:27", "text": "holding cryptos in a bare trend when"}, {"start": "00:36:25", "end": "00:36:30", "text": "stocks are in freaking [�__�] Okay."}, {"start": "00:36:27", "end": "00:36:32", "text": "Holy crap. Look here. Sandis is up since"}, {"start": "00:36:30", "end": "00:36:35", "text": "the bull flip which everyone in"}, {"start": "00:36:32", "end": "00:36:40", "text": "Bullmania who monitored it got a email"}, {"start": "00:36:35", "end": "00:36:41", "text": "about. Uh it's up 600%. 600%. Holy crap"}, {"start": "00:36:40", "end": "00:36:43", "text": "guys. Holy crap. This is the power of"}, {"start": "00:36:41", "end": "00:36:47", "text": "the uh money scanner. We scan in real"}, {"start": "00:36:43", "end": "00:36:48", "text": "time all stocks. All stocks. And then we"}, {"start": "00:36:47", "end": "00:36:50", "text": "tell you what's flipping bullish, what's"}, {"start": "00:36:48", "end": "00:36:52", "text": "flipping bearish in real time. In real"}, {"start": "00:36:50", "end": "00:36:54", "text": "time. Let's see on the bullish ones."}, {"start": "00:36:52", "end": "00:36:56", "text": "What what has been happening? All of"}, {"start": "00:36:54", "end": "00:36:58", "text": "this. All this country. The US. You only"}, {"start": "00:36:56", "end": "00:37:00", "text": "want to look at the US. All of them."}, {"start": "00:36:58", "end": "00:37:02", "text": "Look, Sanders. Here it is. 59. And this"}, {"start": "00:37:00", "end": "00:37:04", "text": "is without this pump that we see now"}, {"start": "00:37:02", "end": "00:37:06", "text": "with the pre-market. With the pre when"}, {"start": "00:37:04", "end": "00:37:08", "text": "it opens, we're going to update it. It's"}, {"start": "00:37:06", "end": "00:37:10", "text": "well, it updates in real time. Uh, but"}, {"start": "00:37:08", "end": "00:37:12", "text": "yeah, there you go. There you go. They"}, {"start": "00:37:10", "end": "00:37:14", "text": "have Sienna. You have some more run."}, {"start": "00:37:12", "end": "00:37:16", "text": "They have Intel. Intel at almost 400%."}, {"start": "00:37:14", "end": "00:37:18", "text": "So, this is the power of uh monitoring"}, {"start": "00:37:16", "end": "00:37:19", "text": "the market in real time, using the money"}, {"start": "00:37:18", "end": "00:37:24", "text": "scanner, getting alerted when things go"}, {"start": "00:37:19", "end": "00:37:24", "text": "flip bullish barrier. It's the best way."}, {"start": "00:37:24", "end": "00:37:32", "text": "And then you compare that what we just"}, {"start": "00:37:27", "end": "00:37:37", "text": "saw with you hold avalanche you hold sui"}, {"start": "00:37:32", "end": "00:37:38", "text": "because the business cycle. Holy crap."}, {"start": "00:37:37", "end": "00:37:40", "text": "I mean people have been holding sooie"}, {"start": "00:37:38", "end": "00:37:41", "text": "because they thought business was I"}, {"start": "00:37:40", "end": "00:37:44", "text": "don't know what. But anyways we're"}, {"start": "00:37:41", "end": "00:37:46", "text": "beating a dead horse. I uh I will be"}, {"start": "00:37:44", "end": "00:37:48", "text": "more how you say more gracious or"}, {"start": "00:37:46", "end": "00:37:49", "text": "something. Uh because I think you"}, {"start": "00:37:48", "end": "00:37:51", "text": "everyone got the message. Great."}, {"start": "00:37:49", "end": "00:37:54", "text": "Everyone got the message. Now we're"}, {"start": "00:37:51", "end": "00:37:57", "text": "positivity. We're positivity. We're only"}, {"start": "00:37:54", "end": "00:37:59", "text": "positive and uh we're not being that"}, {"start": "00:37:57", "end": "00:38:01", "text": "horse. We're looking forward and upward"}, {"start": "00:37:59", "end": "00:38:02", "text": "and yeah, market's coming back. So"}, {"start": "00:38:01", "end": "00:38:06", "text": "listen, I mean assume we're also bullish"}, {"start": "00:38:02", "end": "00:38:07", "text": "crypto. So then all of this retardios"}, {"start": "00:38:06", "end": "00:38:09", "text": "who've been fully wrong since October,"}, {"start": "00:38:07", "end": "00:38:10", "text": "we're going to actually be in agreement"}, {"start": "00:38:09", "end": "00:38:12", "text": "with them. We're going to be in"}, {"start": "00:38:10", "end": "00:38:16", "text": "agreement with them. Whether it is"}, {"start": "00:38:12", "end": "00:38:17", "text": "Tomley or R, I mean I will love them in"}, {"start": "00:38:16", "end": "00:38:18", "text": "bull market. We're going to be full"}, {"start": "00:38:17", "end": "00:38:20", "text": "agreement. We're going maybe we we're"}, {"start": "00:38:18", "end": "00:38:22", "text": "going to be this close friends in in"}, {"start": "00:38:20", "end": "00:38:25", "text": "bull market. So it's bull market is"}, {"start": "00:38:22", "end": "00:38:27", "text": "coming. market is coming. So, uh uh"}, {"start": "00:38:25", "end": "00:38:29", "text": "we're going to be bullish. So, we're on"}, {"start": "00:38:27", "end": "00:38:32", "text": "the same page very soon. So, that's why"}, {"start": "00:38:29", "end": "00:38:35", "text": "let's focus on positivity on the bull is"}, {"start": "00:38:32", "end": "00:38:35", "text": "fantastic."}, {"start": "00:38:37", "end": "00:38:41", "text": "Okay, next"}, {"start": "00:38:39", "end": "00:38:46", "text": "bit tensor. Bit tensor. People ask about"}, {"start": "00:38:41", "end": "00:38:48", "text": "bit tensor towel. How what's happening?"}, {"start": "00:38:46", "end": "00:38:51", "text": "How? Um I think we discussed it a few if"}, {"start": "00:38:48", "end": "00:38:52", "text": "you I remember it quite clearly. We"}, {"start": "00:38:51", "end": "00:38:54", "text": "discussed it. All in all, it is"}, {"start": "00:38:52", "end": "00:38:57", "text": "technically bullish, but it's kind of"}, {"start": "00:38:54", "end": "00:38:59", "text": "weak. It's uh very weak. It has a lower"}, {"start": "00:38:57", "end": "00:39:02", "text": "high trajectory, high, lower high. So, I"}, {"start": "00:38:59", "end": "00:39:04", "text": "I wouldn't touch it until it goes uh"}, {"start": "00:39:02", "end": "00:39:05", "text": "above here, for example. It shows that"}, {"start": "00:39:04", "end": "00:39:06", "text": "it actually wants to go into a bull"}, {"start": "00:39:05", "end": "00:39:08", "text": "trend. Now, I don't know what the hell"}, {"start": "00:39:06", "end": "00:39:10", "text": "it's doing. Technically, it's bullish,"}, {"start": "00:39:08", "end": "00:39:11", "text": "but you see how weak it is. So, uh go"}, {"start": "00:39:10", "end": "00:39:14", "text": "back at least where it started here,"}, {"start": "00:39:11", "end": "00:39:16", "text": "bullish, and continue up. So, it doesn't"}, {"start": "00:39:14", "end": "00:39:20", "text": "look too good. So, wait for it for this"}, {"start": "00:39:16", "end": "00:39:20", "text": "yellow line I just showed you."}, {"start": "00:39:20", "end": "00:39:25", "text": "Ivan is the most humble in this space"}, {"start": "00:39:23", "end": "00:39:26", "text": "because humility only exists in truth."}, {"start": "00:39:25", "end": "00:39:29", "text": "Yeah, there's a there's a lot of truth"}, {"start": "00:39:26", "end": "00:39:31", "text": "to that. Yes. Yes. I fully agree. Tom"}, {"start": "00:39:29", "end": "00:39:35", "text": "Peek, that's that's actually fully"}, {"start": "00:39:31", "end": "00:39:37", "text": "correct. I mean, we are very humble."}, {"start": "00:39:35", "end": "00:39:40", "text": "I mean, if you becomes socialist left"}, {"start": "00:39:37", "end": "00:39:43", "text": "politician, will you try to recreate the"}, {"start": "00:39:40", "end": "00:39:46", "text": "Soviet Union?"}, {"start": "00:39:43", "end": "00:39:48", "text": "It's grand grand strategy. Which grand"}, {"start": "00:39:46", "end": "00:39:50", "text": "strategy we gonna choose? Well, I I I'll"}, {"start": "00:39:48", "end": "00:39:52", "text": "have to sit and uh draw our empire a"}, {"start": "00:39:50", "end": "00:39:55", "text": "bit. I need to think about the the full"}, {"start": "00:39:52", "end": "00:39:56", "text": "strategy. We're gonna we're gonna"}, {"start": "00:39:55", "end": "00:39:58", "text": "discuss it. We're gonna discuss it. But"}, {"start": "00:39:56", "end": "00:40:00", "text": "yes, likely the the bigger the marrier."}, {"start": "00:39:58", "end": "00:40:03", "text": "Okay. The bigger the marrier."}, {"start": "00:40:00", "end": "00:40:04", "text": "It's going to be very nice. Ivan is kind"}, {"start": "00:40:03", "end": "00:40:06", "text": "of humble. The best. Yeah. Guys, by the"}, {"start": "00:40:04", "end": "00:40:11", "text": "way, we are bestselling author. Let me"}, {"start": "00:40:06", "end": "00:40:11", "text": "play you the intro. The most humble in"}, {"start": "00:40:15", "end": "00:40:20", "text": "subscribe and the grading. So guys, big"}, {"start": "00:40:17", "end": "00:40:22", "text": "profits the book also in description."}, {"start": "00:40:20", "end": "00:40:26", "text": "Fantastic financial genius Nobel Prize."}, {"start": "00:40:22", "end": "00:40:28", "text": "If Sana goes to 30 is true then man if"}, {"start": "00:40:26", "end": "00:40:31", "text": "goes to 30 it should be Nobel Prize. Uh"}, {"start": "00:40:28", "end": "00:40:32", "text": "uh I mean at least as a candidate they"}, {"start": "00:40:31", "end": "00:40:34", "text": "should they should acknowledge something"}, {"start": "00:40:32", "end": "00:40:38", "text": "there."}, {"start": "00:40:34", "end": "00:40:40", "text": "I mean what do you think about"}, {"start": "00:40:38", "end": "00:40:44", "text": "black paint watches? Nothing. I I never"}, {"start": "00:40:40", "end": "00:40:44", "text": "What is that black?"}, {"start": "00:40:44", "end": "00:40:50", "text": "Never heard it's some connoisseur stuff."}, {"start": "00:40:48", "end": "00:40:51", "text": "Or is it this? I just see more people."}, {"start": "00:40:50", "end": "00:40:54", "text": "Okay, it's not this one. Have you guys"}, {"start": "00:40:51", "end": "00:40:56", "text": "seen lately I see this like transparent"}, {"start": "00:40:54", "end": "00:40:58", "text": "watch something or I don't know what it"}, {"start": "00:40:56", "end": "00:41:02", "text": "is. I just like I just saw it online a"}, {"start": "00:40:58", "end": "00:41:05", "text": "bit. This transparent ones. Uh but it's"}, {"start": "00:41:02", "end": "00:41:08", "text": "not this one. So what is this?"}, {"start": "00:41:05", "end": "00:41:10", "text": "Uh yeah, I mean they look great. Which"}, {"start": "00:41:08", "end": "00:41:11", "text": "is it like tier one or is it guys? Uh"}, {"start": "00:41:10", "end": "00:41:13", "text": "sorry. I'm not like too much of a"}, {"start": "00:41:11", "end": "00:41:15", "text": "connoisseur in this like nonholy trinity"}, {"start": "00:41:13", "end": "00:41:17", "text": "ones. I mean I know like you know"}, {"start": "00:41:15", "end": "00:41:19", "text": "Vasheron Constantine. I mean you have"}, {"start": "00:41:17", "end": "00:41:21", "text": "the holy holy trinity or holy what is"}, {"start": "00:41:19", "end": "00:41:25", "text": "it? Four four of them or how many of"}, {"start": "00:41:21", "end": "00:41:27", "text": "them? Yeah. What's the like entry entry"}, {"start": "00:41:25", "end": "00:41:29", "text": "level entry price? Let me just get an"}, {"start": "00:41:27", "end": "00:41:33", "text": "understanding what the hell this is."}, {"start": "00:41:29", "end": "00:41:33", "text": "Black pain watches."}, {"start": "00:41:34", "end": "00:41:39", "text": "So the entry is like 2k and then uh from"}, {"start": "00:41:37", "end": "00:41:42", "text": "7k. I mean they are very beautiful. I"}, {"start": "00:41:39", "end": "00:41:45", "text": "mean I I like this kind of uh stuff. Uh"}, {"start": "00:41:42", "end": "00:41:48", "text": "moon this moon kind of like uh I take"}, {"start": "00:41:45", "end": "00:41:49", "text": "not okay there some 25. Okay. Okay."}, {"start": "00:41:48", "end": "00:41:51", "text": "Good."}, {"start": "00:41:49", "end": "00:41:52", "text": "Yeah. I mean they I don't know they look"}, {"start": "00:41:51", "end": "00:41:54", "text": "good. I don't have more to say. They"}, {"start": "00:41:52", "end": "00:41:57", "text": "look uh classic. I I like this classic."}, {"start": "00:41:54", "end": "00:42:00", "text": "I like this classic. I I wanted to buy"}, {"start": "00:41:57", "end": "00:42:02", "text": "Richard Mill. I looked at it but man I I"}, {"start": "00:42:00", "end": "00:42:04", "text": "couldn't bring myself to I I couldn't"}, {"start": "00:42:02", "end": "00:42:05", "text": "bring myself. It's It's just a man I"}, {"start": "00:42:04", "end": "00:42:07", "text": "could I couldn't I'm not connoissur"}, {"start": "00:42:05", "end": "00:42:11", "text": "enough to see this ugly Toys R Us watch"}, {"start": "00:42:07", "end": "00:42:16", "text": "us good. I was but I was so close. I was"}, {"start": "00:42:11", "end": "00:42:18", "text": "like man it is but then I couldn't I I I"}, {"start": "00:42:16", "end": "00:42:20", "text": "love the I love the classic ones. I mean"}, {"start": "00:42:18", "end": "00:42:21", "text": "the watch watch should be like this. I"}, {"start": "00:42:20", "end": "00:42:23", "text": "mean watch it's like this one. It should"}, {"start": "00:42:21", "end": "00:42:26", "text": "be like this. It should it should not be"}, {"start": "00:42:23", "end": "00:42:28", "text": "this plastic laser. I I couldn't bring"}, {"start": "00:42:26", "end": "00:42:32", "text": "myself to it but it was quite close. I"}, {"start": "00:42:28", "end": "00:42:33", "text": "also I I found I found a a one that I"}, {"start": "00:42:32", "end": "00:42:35", "text": "liked. It was the Baba Watson. You know,"}, {"start": "00:42:33", "end": "00:42:38", "text": "Baba Watson, you can check. It's like"}, {"start": "00:42:35", "end": "00:42:41", "text": "white. It's very nice. It's clean. Uh I"}, {"start": "00:42:38", "end": "00:42:43", "text": "really liked it. Uh but I still couldn't"}, {"start": "00:42:41", "end": "00:42:46", "text": "bring myself to you guys. I couldn't"}, {"start": "00:42:43", "end": "00:42:48", "text": "bring myself. Uh"}, {"start": "00:42:46", "end": "00:42:50", "text": "also, it was like hard to get. As"}, {"start": "00:42:48", "end": "00:42:53", "text": "always, these things are hard to get and"}, {"start": "00:42:50", "end": "00:42:55", "text": "but I don't really I I don't really It's"}, {"start": "00:42:53", "end": "00:42:59", "text": "hard to get and I kind of but I'm not"}, {"start": "00:42:55", "end": "00:43:00", "text": "really there. Ah, so I didn't take it. I"}, {"start": "00:42:59", "end": "00:43:02", "text": "think if they if if they just had it,"}, {"start": "00:43:00", "end": "00:43:04", "text": "boop, maybe I would have bought it. If I"}, {"start": "00:43:02", "end": "00:43:06", "text": "if I could get it like this, but then"}, {"start": "00:43:04", "end": "00:43:07", "text": "you know, oh, you have to Okay, I wait."}, {"start": "00:43:06", "end": "00:43:10", "text": "Uh,"}, {"start": "00:43:07", "end": "00:43:12", "text": "and then I I I I I went with this one"}, {"start": "00:43:10", "end": "00:43:17", "text": "instead, which is uh which is more my"}, {"start": "00:43:12", "end": "00:43:17", "text": "style. So, yeah, that's how that was."}, {"start": "00:43:18", "end": "00:43:22", "text": "Love the intro reminds me of those shows"}, {"start": "00:43:20", "end": "00:43:25", "text": "from the 90s. Yeah, exactly. That's the"}, {"start": "00:43:22", "end": "00:43:27", "text": "point."}, {"start": "00:43:25", "end": "00:43:29", "text": "Ivan, do you follow Tom Nash? I think I"}, {"start": "00:43:27", "end": "00:43:32", "text": "know who it is. Uh, he was doing some,"}, {"start": "00:43:29", "end": "00:43:33", "text": "you know, guru expose in the past. Now I"}, {"start": "00:43:32", "end": "00:43:37", "text": "don't know what he does. Maybe I Oh,"}, {"start": "00:43:33", "end": "00:43:39", "text": "yeah. Now he he shifted. He he pivoted"}, {"start": "00:43:37", "end": "00:43:42", "text": "pivoted to to stocks. Right now he's a"}, {"start": "00:43:39", "end": "00:43:44", "text": "stock."}, {"start": "00:43:42", "end": "00:43:46", "text": "Oh, Chai can watch. Here we have a true"}, {"start": "00:43:44", "end": "00:43:49", "text": "connoisseur. True connoisseur. Uh, not"}, {"start": "00:43:46", "end": "00:43:51", "text": "Chaiken, isn't it? Chaika. One second."}, {"start": "00:43:49", "end": "00:43:53", "text": "One sec. One sec. I think ah no, it is"}, {"start": "00:43:51", "end": "00:43:55", "text": "Chikos. Okay, there are two things I"}, {"start": "00:43:53", "end": "00:43:57", "text": "want to discuss. The number one is this"}, {"start": "00:43:55", "end": "00:43:58", "text": "that you that you that you linked here."}, {"start": "00:43:57", "end": "00:44:01", "text": "They have Kalabok somewhere. Where is"}, {"start": "00:43:58", "end": "00:44:03", "text": "Kalabok?"}, {"start": "00:44:01", "end": "00:44:07", "text": "Yeah, those one are very interesting."}, {"start": "00:44:03", "end": "00:44:09", "text": "But then there is actually a watch um a"}, {"start": "00:44:07", "end": "00:44:10", "text": "watch brand and this one I don't know is"}, {"start": "00:44:09", "end": "00:44:12", "text": "it based in Russia or not? But there is"}, {"start": "00:44:10", "end": "00:44:15", "text": "another one that is based in Russia. But"}, {"start": "00:44:12", "end": "00:44:16", "text": "is it cha"}, {"start": "00:44:15", "end": "00:44:20", "text": "I was just watching like a documentary"}, {"start": "00:44:16", "end": "00:44:23", "text": "about it. Uh"}, {"start": "00:44:20", "end": "00:44:26", "text": "yeah, it is cha. Yes. Yes. One sec. this"}, {"start": "00:44:23", "end": "00:44:27", "text": "or maybe not."}, {"start": "00:44:26", "end": "00:44:30", "text": "I was just watching a documentary about"}, {"start": "00:44:27", "end": "00:44:34", "text": "like a British guy who moved to Russia"}, {"start": "00:44:30", "end": "00:44:36", "text": "and took over a watchmaking uh factory."}, {"start": "00:44:34", "end": "00:44:39", "text": "Uh maybe you you guys probably know"}, {"start": "00:44:36", "end": "00:44:39", "text": "better. Maybe it"}, {"start": "00:44:40", "end": "00:44:46", "text": "but I I don't see the let's see British"}, {"start": "00:44:43", "end": "00:44:51", "text": "guy. What's his name?"}, {"start": "00:44:46", "end": "00:44:54", "text": "Uh I was just watching the documentary"}, {"start": "00:44:51", "end": "00:44:55", "text": "did."}, {"start": "00:44:54", "end": "00:44:58", "text": "Anyway, let's let's move on. Let's move"}, {"start": "00:44:55", "end": "00:45:01", "text": "on. Maybe it was called something else."}, {"start": "00:44:58", "end": "00:45:03", "text": "All Rolex parts are made in China."}, {"start": "00:45:01", "end": "00:45:04", "text": "Probably"}, {"start": "00:45:03", "end": "00:45:07", "text": "wouldn't surprise me. I mean, all all of"}, {"start": "00:45:04", "end": "00:45:10", "text": "this luxury stuff, guys. It's Yeah, they"}, {"start": "00:45:07", "end": "00:45:12", "text": "have nice margin. It's made somewhere"}, {"start": "00:45:10", "end": "00:45:14", "text": "probably cheap, but it is Swiss made."}, {"start": "00:45:12", "end": "00:45:19", "text": "Why? Because they the assemble is it"}, {"start": "00:45:14", "end": "00:45:19", "text": "there or something? Yeah."}, {"start": "00:45:20", "end": "00:45:22", "text": "Appreciate your opinion. Don't buy"}, {"start": "00:45:21", "end": "00:45:26", "text": "plastic watch like Well, it's not"}, {"start": "00:45:22", "end": "00:45:29", "text": "plastic. It's uh what is it? It's uh"}, {"start": "00:45:26", "end": "00:45:31", "text": "ceramic. It's uh this space uh"}, {"start": "00:45:29", "end": "00:45:32", "text": "technology, guys. What is the actual"}, {"start": "00:45:31", "end": "00:45:35", "text": "material? You guys know, but it's it's"}, {"start": "00:45:32", "end": "00:45:38", "text": "not plastic, but it looks like it feels"}, {"start": "00:45:35", "end": "00:45:40", "text": "like plastic. Yes."}, {"start": "00:45:38", "end": "00:45:43", "text": "All smoke and mirrors. Yeah, but it's"}, {"start": "00:45:40", "end": "00:45:47", "text": "it's kind of the the"}, {"start": "00:45:43", "end": "00:45:49", "text": "it's it's kind of the, you know,"}, {"start": "00:45:47", "end": "00:45:51", "text": "it's smoke and mirrors for those that"}, {"start": "00:45:49", "end": "00:45:55", "text": "are interested and want to spend and"}, {"start": "00:45:51", "end": "00:45:55", "text": "discuss and do all of that. Yeah."}, {"start": "00:46:01", "end": "00:46:05", "text": "How is the four year cycle overlap? Uh"}, {"start": "00:46:03", "end": "00:46:08", "text": "well, I mean four year cycle is going on"}, {"start": "00:46:05", "end": "00:46:09", "text": "exact like everything is going. Let let"}, {"start": "00:46:08", "end": "00:46:12", "text": "me actually it was long time ago I"}, {"start": "00:46:09", "end": "00:46:14", "text": "checked myself uh but now it has to be"}, {"start": "00:46:12", "end": "00:46:19", "text": "following freaking exact let let's check"}, {"start": "00:46:14", "end": "00:46:23", "text": "that chart from the previous 40 cycles"}, {"start": "00:46:19", "end": "00:46:25", "text": "and let's see performance by year ah"}, {"start": "00:46:23", "end": "00:46:27", "text": "manus"}, {"start": "00:46:25", "end": "00:46:30", "text": "exact"}, {"start": "00:46:27", "end": "00:46:33", "text": "it's exact man it's exact"}, {"start": "00:46:30", "end": "00:46:34", "text": "we're like right above the average"}, {"start": "00:46:33", "end": "00:46:37", "text": "so according to this we should have"}, {"start": "00:46:34", "end": "00:46:41", "text": "another leg down basically here quite"}, {"start": "00:46:37", "end": "00:46:44", "text": "close quite close in time and then bleed"}, {"start": "00:46:41", "end": "00:46:47", "text": "a bit until the end of the year"}, {"start": "00:46:44", "end": "00:46:47", "text": "and then Valhalla."}, {"start": "00:46:48", "end": "00:46:51", "text": "Exactly."}, {"start": "00:46:54", "end": "00:46:58", "text": "Wait, when is the"}, {"start": "00:47:01", "end": "00:47:08", "text": "one second when is the"}, {"start": "00:47:04", "end": "00:47:08", "text": "H? No, no, no. It's 2020."}, {"start": "00:47:08", "end": "00:47:14", "text": "We're in the prehoving year. Next year"}, {"start": "00:47:10", "end": "00:47:14", "text": "is going to be Is it 2020?"}, {"start": "00:47:16", "end": "00:47:20", "text": "Bitcoin hovering."}, {"start": "00:47:23", "end": "00:47:27", "text": "Uh, countdown."}, {"start": "00:47:28", "end": "00:47:34", "text": "Oh man, you you become old, man. Oh,"}, {"start": "00:47:30", "end": "00:47:36", "text": "yeah. 600. Okay. 28."}, {"start": "00:47:34", "end": "00:47:39", "text": "Yeah, it makes sense. It wasn't 2024."}, {"start": "00:47:36", "end": "00:47:41", "text": "We're But listen, uh, man, you start"}, {"start": "00:47:39", "end": "00:47:43", "text": "feeling old when you've been around for"}, {"start": "00:47:41", "end": "00:47:46", "text": "a few hobings. I remember the last one."}, {"start": "00:47:43", "end": "00:47:49", "text": "I remember 2024. I remember 2020. I"}, {"start": "00:47:46", "end": "00:47:52", "text": "remember 2016. Holy crap. Yeah, time"}, {"start": "00:47:49", "end": "00:47:54", "text": "flies. I I remember the hobs because,"}, {"start": "00:47:52", "end": "00:47:56", "text": "you know, this industry hypes them up so"}, {"start": "00:47:54", "end": "00:47:58", "text": "much. I remember exactly where I was in"}, {"start": "00:47:56", "end": "00:48:02", "text": "each hing."}, {"start": "00:47:58", "end": "00:48:04", "text": "And it's scary because time flies, we"}, {"start": "00:48:02", "end": "00:48:07", "text": "become old. When will we have longevity?"}, {"start": "00:48:04", "end": "00:48:08", "text": "Longevity research. Really? They have to"}, {"start": "00:48:07", "end": "00:48:10", "text": "research faster, man. I mean, we we"}, {"start": "00:48:08", "end": "00:48:12", "text": "become older."}, {"start": "00:48:10", "end": "00:48:15", "text": "Where is the longevity? We we need ASAP"}, {"start": "00:48:12", "end": "00:48:15", "text": "longevity."}, {"start": "00:48:16", "end": "00:48:21", "text": "Uh as now, what would your thinking"}, {"start": "00:48:19", "end": "00:48:24", "text": "process be around soul and hype? Well, I"}, {"start": "00:48:21", "end": "00:48:26", "text": "mean with soul, it's I love soul, but"}, {"start": "00:48:24", "end": "00:48:30", "text": "the chart is weak. I mean, it is it is"}, {"start": "00:48:26", "end": "00:48:33", "text": "broke down. Maybe it goes back and re"}, {"start": "00:48:30", "end": "00:48:34", "text": "maybe it can retest this. But don't over"}, {"start": "00:48:33", "end": "00:48:36", "text": "complicate guys. I mean it goes bullish"}, {"start": "00:48:34", "end": "00:48:39", "text": "at 93 now. This is what I mean overall."}, {"start": "00:48:36", "end": "00:48:42", "text": "It's time to be to see the bullish side"}, {"start": "00:48:39", "end": "00:48:44", "text": "a bit more seriously because Sana now it"}, {"start": "00:48:42", "end": "00:48:47", "text": "just needs to go to 93 to go bull trend"}, {"start": "00:48:44", "end": "00:48:51", "text": "on the weekly and it was at 93 like mid"}, {"start": "00:48:47", "end": "00:48:53", "text": "miday. Okay. So this is the beauty of"}, {"start": "00:48:51", "end": "00:48:57", "text": "the money line like it keeps you in the"}, {"start": "00:48:53", "end": "00:48:58", "text": "trend. uh it's very unlikely to have a"}, {"start": "00:48:57", "end": "00:49:00", "text": "fake out. Very unlikely. Although it"}, {"start": "00:48:58", "end": "00:49:03", "text": "could happen, but very unlikely. But"}, {"start": "00:49:00", "end": "00:49:07", "text": "then also it's quite fast to feel when"}, {"start": "00:49:03", "end": "00:49:08", "text": "the when the trend shifting. So it's not"}, {"start": "00:49:07", "end": "00:49:10", "text": "like you you're going to miss a lot of"}, {"start": "00:49:08", "end": "00:49:12", "text": "pump uh by just waiting for the bull"}, {"start": "00:49:10", "end": "00:49:13", "text": "flip because you're going to be back in"}, {"start": "00:49:12", "end": "00:49:16", "text": "May basically where it was in May. Many"}, {"start": "00:49:13", "end": "00:49:18", "text": "people thought that this is the bottom."}, {"start": "00:49:16", "end": "00:49:20", "text": "No."}, {"start": "00:49:18", "end": "00:49:23", "text": "So either this when you know it is"}, {"start": "00:49:20", "end": "00:49:25", "text": "confirm bull trend uh or it goes to so"}, {"start": "00:49:23", "end": "00:49:26", "text": "I'm buying either when it goes to bull"}, {"start": "00:49:25", "end": "00:49:28", "text": "trend number one and number two if it"}, {"start": "00:49:26", "end": "00:49:30", "text": "goes here because then it's so cheap man"}, {"start": "00:49:28", "end": "00:49:32", "text": "I'm going to buy anyway if it's a third"}, {"start": "00:49:30", "end": "00:49:34", "text": "going to buy anyway and has a lot of"}, {"start": "00:49:32", "end": "00:49:35", "text": "support here it's not only that it's"}, {"start": "00:49:34", "end": "00:49:37", "text": "cheap but it has a lot of support that's"}, {"start": "00:49:35", "end": "00:49:39", "text": "why it is at 30 has a lot of support so"}, {"start": "00:49:37", "end": "00:49:41", "text": "likely it will bottom out here if it"}, {"start": "00:49:39", "end": "00:49:42", "text": "continues lower but again I don't know"}, {"start": "00:49:41", "end": "00:49:44", "text": "if it's going to continue lower it's"}, {"start": "00:49:42", "end": "00:49:47", "text": "very likely to but it's not a guar"}, {"start": "00:49:44", "end": "00:49:48", "text": "nothing is a guarantee so we we have a"}, {"start": "00:49:47", "end": "00:49:51", "text": "plan for both scenarios and that's the"}, {"start": "00:49:48", "end": "00:49:53", "text": "beauty of the mechanical rules of"}, {"start": "00:49:51", "end": "00:49:55", "text": "Bulmania because uh you go to bulman.com"}, {"start": "00:49:53", "end": "00:49:58", "text": "by the way if you want to learn and sign"}, {"start": "00:49:55", "end": "00:49:59", "text": "up for waiting list because most people"}, {"start": "00:49:58", "end": "00:50:01", "text": "they actually get a bit upset they're"}, {"start": "00:49:59", "end": "00:50:02", "text": "like Ian what do you mean why don't you"}, {"start": "00:50:01", "end": "00:50:05", "text": "have just one scenario you're all in why"}, {"start": "00:50:02", "end": "00:50:07", "text": "why are you hedging you know why why why"}, {"start": "00:50:05", "end": "00:50:09", "text": "are you covering your ass and you have a"}, {"start": "00:50:07", "end": "00:50:12", "text": "scenario for both bull and bear and like"}, {"start": "00:50:09", "end": "00:50:14", "text": "genius bro you it's like this the genius"}, {"start": "00:50:12", "end": "00:50:16", "text": "of the bullman you you have to you have"}, {"start": "00:50:14", "end": "00:50:19", "text": "to pick you have to pick whatever"}, {"start": "00:50:16", "end": "00:50:20", "text": "happens Great. I don't know if it's if"}, {"start": "00:50:19", "end": "00:50:21", "text": "we're going to go to Thursday. It's a"}, {"start": "00:50:20", "end": "00:50:24", "text": "very good likelihood, but I'm 100% I'm"}, {"start": "00:50:21", "end": "00:50:25", "text": "not 100% sure, but if it does, we have a"}, {"start": "00:50:24", "end": "00:50:27", "text": "plan here and we have a plan here. I"}, {"start": "00:50:25", "end": "00:50:29", "text": "mean, it's the best, man. The best. It's"}, {"start": "00:50:27", "end": "00:50:31", "text": "the best. And people who are getting"}, {"start": "00:50:29", "end": "00:50:32", "text": "wrecked, they're only all in on one on"}, {"start": "00:50:31", "end": "00:50:34", "text": "one scenario because at the end of the"}, {"start": "00:50:32", "end": "00:50:35", "text": "day, we don't know what the market's"}, {"start": "00:50:34", "end": "00:50:36", "text": "going to. That's why I'm telling you, we"}, {"start": "00:50:35", "end": "00:50:38", "text": "are the most humble channel. I'm telling"}, {"start": "00:50:36", "end": "00:50:40", "text": "you, I don't know what the market is"}, {"start": "00:50:38", "end": "00:50:42", "text": "going to do. But still, year in year"}, {"start": "00:50:40", "end": "00:50:44", "text": "out, quarter in, quarter out, we make"}, {"start": "00:50:42", "end": "00:50:46", "text": "profit in this market without knowing"}, {"start": "00:50:44", "end": "00:50:48", "text": "what's going to do. without knowing it"}, {"start": "00:50:46", "end": "00:50:49", "text": "how what's going to do. our members. The"}, {"start": "00:50:48", "end": "00:50:52", "text": "same thing. By the way, I forgot to"}, {"start": "00:50:49", "end": "00:50:55", "text": "share with you uh some some recent wins"}, {"start": "00:50:52", "end": "00:50:58", "text": "from the from the discord. We have my"}, {"start": "00:50:55", "end": "00:51:01", "text": "moy fantastic short. We have here"}, {"start": "00:50:58", "end": "00:51:02", "text": "mooncat shorting in like without knowing"}, {"start": "00:51:01", "end": "00:51:04", "text": "what the market is going to do. Still"}, {"start": "00:51:02", "end": "00:51:06", "text": "massive massive profit extraction"}, {"start": "00:51:04", "end": "00:51:09", "text": "happening each and every day. Ted"}, {"start": "00:51:06", "end": "00:51:11", "text": "fantastic long gold. Uh here's a loss."}, {"start": "00:51:09", "end": "00:51:14", "text": "Here's loss. People ask about losses."}, {"start": "00:51:11", "end": "00:51:16", "text": "Look here. Um Mois Mochisu lost by the"}, {"start": "00:51:14", "end": "00:51:19", "text": "way part of the journey also was at"}, {"start": "00:51:16", "end": "00:51:22", "text": "around 80 plus 80% at some point did not"}, {"start": "00:51:19", "end": "00:51:23", "text": "take profit did not have did not have"}, {"start": "00:51:22", "end": "00:51:25", "text": "take profit target this is the problem"}, {"start": "00:51:23", "end": "00:51:27", "text": "this not following mechanical rules when"}, {"start": "00:51:25", "end": "00:51:30", "text": "you enter a trade with mechanical rules"}, {"start": "00:51:27", "end": "00:51:31", "text": "you learn them uh you you have profit"}, {"start": "00:51:30", "end": "00:51:33", "text": "target you you know the strategy did not"}, {"start": "00:51:31", "end": "00:51:35", "text": "respect previous resistance so see see"}, {"start": "00:51:33", "end": "00:51:38", "text": "lesson learned lesson learned that's why"}, {"start": "00:51:35", "end": "00:51:40", "text": "the earlier you join Bulmania the more"}, {"start": "00:51:38", "end": "00:51:43", "text": "time you have to practice because while"}, {"start": "00:51:40", "end": "00:51:45", "text": "the system is uh simple to understand to"}, {"start": "00:51:43", "end": "00:51:47", "text": "get it in your daily routine. It's gonna"}, {"start": "00:51:45", "end": "00:51:49", "text": "take some you you you'll have to"}, {"start": "00:51:47", "end": "00:51:51", "text": "practice man as with any skill like like"}, {"start": "00:51:49", "end": "00:51:53", "text": "with any skill because your brain is so"}, {"start": "00:51:51", "end": "00:51:55", "text": "badly programmed now by years and years"}, {"start": "00:51:53", "end": "00:51:57", "text": "of listening to people that don't know"}, {"start": "00:51:55", "end": "00:51:58", "text": "what they're speaking about by you"}, {"start": "00:51:57", "end": "00:52:00", "text": "thinking that for example you don't need"}, {"start": "00:51:58", "end": "00:52:02", "text": "a stop loss because you're smart and"}, {"start": "00:52:00", "end": "00:52:05", "text": "other people are dumb they need the stop"}, {"start": "00:52:02", "end": "00:52:07", "text": "loss but you're so smart you don't need"}, {"start": "00:52:05", "end": "00:52:09", "text": "you're going to get wrecked or you think"}, {"start": "00:52:07", "end": "00:52:10", "text": "I don't need take profit target I don't"}, {"start": "00:52:09", "end": "00:52:12", "text": "I don't need a strategy for how to exit"}, {"start": "00:52:10", "end": "00:52:14", "text": "because you're smart like maybe the dumb"}, {"start": "00:52:12", "end": "00:52:15", "text": "people they they need that they need all"}, {"start": "00:52:14", "end": "00:52:16", "text": "of this you know take profit It's upload"}, {"start": "00:52:15", "end": "00:52:20", "text": "but you're so you're going to get"}, {"start": "00:52:16", "end": "00:52:23", "text": "wrecked. Okay. Um it's a natural human"}, {"start": "00:52:20", "end": "00:52:26", "text": "behavior like human nature. So yeah"}, {"start": "00:52:23", "end": "00:52:27", "text": "that's all uh hype. Let's check hype. Uh"}, {"start": "00:52:26", "end": "00:52:29", "text": "yeah you have to work on your human"}, {"start": "00:52:27", "end": "00:52:32", "text": "nature man. You have to absolutely. So"}, {"start": "00:52:29", "end": "00:52:33", "text": "that's why the the earlier you join the"}, {"start": "00:52:32", "end": "00:52:36", "text": "more time you have to train before the"}, {"start": "00:52:33", "end": "00:52:39", "text": "bull market really hits guys. Hype bull"}, {"start": "00:52:36", "end": "00:52:43", "text": "trend. Fantastic. It got back retested"}, {"start": "00:52:39", "end": "00:52:46", "text": "this previous resistance and now flying"}, {"start": "00:52:43", "end": "00:52:49", "text": "very very very very very"}, {"start": "00:52:46", "end": "00:52:51", "text": "high very very high very very high very"}, {"start": "00:52:49", "end": "00:52:53", "text": "nice going to go to probably new highs I"}, {"start": "00:52:51", "end": "00:52:56", "text": "mean it's"}, {"start": "00:52:53", "end": "00:52:58", "text": "bullish everything is bullish um so the"}, {"start": "00:52:56", "end": "00:53:01", "text": "strategy is to be bullish when it's bull"}, {"start": "00:52:58", "end": "00:53:04", "text": "trend it turned bullish here uh in March"}, {"start": "00:53:01", "end": "00:53:05", "text": "it's up 77% since then so the strategy"}, {"start": "00:53:04", "end": "00:53:08", "text": "is just to remain bullish because the"}, {"start": "00:53:05", "end": "00:53:11", "text": "chart is bullish that's with the"}, {"start": "00:53:08", "end": "00:53:11", "text": "with the with the hyperlid."}, {"start": "00:53:20", "end": "00:53:24", "text": "Yeah. Hope that makes sense. Crypto,"}, {"start": "00:53:25", "end": "00:53:30", "text": "did you get out of Sweden? Yeah, several"}, {"start": "00:53:27", "end": "00:53:33", "text": "years ago. I'm out."}, {"start": "00:53:30", "end": "00:53:36", "text": "Several years ago. It's uh I mean, if"}, {"start": "00:53:33", "end": "00:53:38", "text": "you are baking money, it's it's not the"}, {"start": "00:53:36", "end": "00:53:39", "text": "best money. you have no money, it's very"}, {"start": "00:53:38", "end": "00:53:41", "text": "good."}, {"start": "00:53:39", "end": "00:53:43", "text": "If you have if if you need freebie, it's"}, {"start": "00:53:41", "end": "00:53:46", "text": "fantastic."}, {"start": "00:53:43", "end": "00:53:49", "text": "Probably bad. But yeah, it's um and they"}, {"start": "00:53:46", "end": "00:53:53", "text": "need to fix a lot of stuff. Need to fix"}, {"start": "00:53:49", "end": "00:53:56", "text": "a lot of stuff. A lot of stuff."}, {"start": "00:53:53", "end": "00:53:58", "text": "Uh yeah, but it's the same like if you"}, {"start": "00:53:56", "end": "00:54:00", "text": "are in Belgium, Netherlands, I mean"}, {"start": "00:53:58", "end": "00:54:04", "text": "yourself"}, {"start": "00:54:00", "end": "00:54:06", "text": "uh the riskreward not good."}, {"start": "00:54:04", "end": "00:54:10", "text": "And also you know that all capital"}, {"start": "00:54:06", "end": "00:54:12", "text": "compounds. So if you understand how much"}, {"start": "00:54:10", "end": "00:54:14", "text": "you lose by being in an unfavorable"}, {"start": "00:54:12", "end": "00:54:17", "text": "jurisdiction and then you also compound"}, {"start": "00:54:14", "end": "00:54:19", "text": "it. Let's say you lose an extra 10% per"}, {"start": "00:54:17", "end": "00:54:21", "text": "year. It compounds immensely over"}, {"start": "00:54:19", "end": "00:54:23", "text": "decades"}, {"start": "00:54:21", "end": "00:54:25", "text": "immensely."}, {"start": "00:54:23", "end": "00:54:28", "text": "Uh but in many cases you lose uh what is"}, {"start": "00:54:25", "end": "00:54:30", "text": "it 30 40 50 some sometimes more percent"}, {"start": "00:54:28", "end": "00:54:32", "text": "per year and imagine the compounding. So"}, {"start": "00:54:30", "end": "00:54:34", "text": "when you start uh thinking like that"}, {"start": "00:54:32", "end": "00:54:36", "text": "you're like holy crap we I mean if"}, {"start": "00:54:34", "end": "00:54:38", "text": "you're successful this could be tens of"}, {"start": "00:54:36", "end": "00:54:39", "text": "millions maybe hundreds of millions of"}, {"start": "00:54:38", "end": "00:54:40", "text": "dollars over your lifetime maybe"}, {"start": "00:54:39", "end": "00:54:42", "text": "billions I mean depending on your"}, {"start": "00:54:40", "end": "00:54:44", "text": "success but the thing is with the"}, {"start": "00:54:42", "end": "00:54:46", "text": "compounding even if you let's say you"}, {"start": "00:54:44", "end": "00:54:48", "text": "earn you earn good like you earn good uh"}, {"start": "00:54:46", "end": "00:54:50", "text": "it can still be millions over your"}, {"start": "00:54:48", "end": "00:54:52", "text": "lifetime and maybe tens of millions if"}, {"start": "00:54:50", "end": "00:54:55", "text": "you really look at the compounding it's"}, {"start": "00:54:52", "end": "00:54:57", "text": "uh it's insane it's insane so you you"}, {"start": "00:54:55", "end": "00:55:00", "text": "you have to be smart there with uh what"}, {"start": "00:54:57", "end": "00:55:00", "text": "should very very"}, {"start": "00:55:04", "end": "00:55:10", "text": "Compounding is the eighth wonder of the"}, {"start": "00:55:07", "end": "00:55:10", "text": "world."}, {"start": "00:55:13", "end": "00:55:16", "text": "You criticize immigration. You're an"}, {"start": "00:55:15", "end": "00:55:18", "text": "immigrant yourself. I don't criticize"}, {"start": "00:55:16", "end": "00:55:20", "text": "immigration, by the way. I think"}, {"start": "00:55:18", "end": "00:55:22", "text": "immigration is great. Free stuff is not"}, {"start": "00:55:20", "end": "00:55:23", "text": "great. Free stuff is not great."}, {"start": "00:55:22", "end": "00:55:26", "text": "Immigration is great. I mean, I'm a"}, {"start": "00:55:23", "end": "00:55:30", "text": "immigrant all my life. free staff and"}, {"start": "00:55:26", "end": "00:55:32", "text": "immigration and no"}, {"start": "00:55:30", "end": "00:55:35", "text": "no hard rules of integration is very"}, {"start": "00:55:32", "end": "00:55:37", "text": "bad."}, {"start": "00:55:35", "end": "00:55:40", "text": "It's fito. It's fito. But of course, I"}, {"start": "00:55:37", "end": "00:55:41", "text": "mean, I love immigrant."}, {"start": "00:55:40", "end": "00:55:44", "text": "I love immigration. Look at Dubai, man."}, {"start": "00:55:41", "end": "00:55:47", "text": "Dubai is 90% immigrants. Is great. But"}, {"start": "00:55:44", "end": "00:55:52", "text": "in Dubai, you have zero zero free. Zero"}, {"start": "00:55:47", "end": "00:55:53", "text": "free. Zero zero free. So overall, I"}, {"start": "00:55:52", "end": "00:55:55", "text": "think we're on the same page, by the"}, {"start": "00:55:53", "end": "00:55:58", "text": "way. I think you're on the same page."}, {"start": "00:55:55", "end": "00:56:00", "text": "But too much free, it doesn't work."}, {"start": "00:55:58", "end": "00:56:03", "text": "You're going to have too much. You need"}, {"start": "00:56:00", "end": "00:56:04", "text": "to have uh everyone uh immigrating."}, {"start": "00:56:03", "end": "00:56:07", "text": "That's good. I I think by the way I mean"}, {"start": "00:56:04", "end": "00:56:10", "text": "with immigration I have nothing else"}, {"start": "00:56:07", "end": "00:56:14", "text": "but the the problem becomes when it's"}, {"start": "00:56:10", "end": "00:56:16", "text": "too much free and uh you have to and you"}, {"start": "00:56:14", "end": "00:56:19", "text": "get milked"}, {"start": "00:56:16", "end": "00:56:21", "text": "that's not good very very bad because"}, {"start": "00:56:19", "end": "00:56:24", "text": "then also it becomes this prisoners"}, {"start": "00:56:21", "end": "00:56:26", "text": "dilemma. Let's say you are in a country."}, {"start": "00:56:24", "end": "00:56:27", "text": "You see successful people leave. Bum bum"}, {"start": "00:56:26", "end": "00:56:31", "text": "bum. Everyone leaving. Bum bum bum bum"}, {"start": "00:56:27", "end": "00:56:33", "text": "bum bum. And the politician wants votes."}, {"start": "00:56:31", "end": "00:56:36", "text": "Okay, a few successful people leave."}, {"start": "00:56:33", "end": "00:56:38", "text": "Don't care. They need the freebie the"}, {"start": "00:56:36", "end": "00:56:39", "text": "freebie seekers because they can get"}, {"start": "00:56:38", "end": "00:56:41", "text": "tens of thousands, hundreds of thousands"}, {"start": "00:56:39", "end": "00:56:44", "text": "of them. Just simple math. Again, guys,"}, {"start": "00:56:41", "end": "00:56:46", "text": "I would be the best left communism"}, {"start": "00:56:44", "end": "00:56:48", "text": "socialist politician. It's very simple."}, {"start": "00:56:46", "end": "00:56:51", "text": "The successful guys like you, they can"}, {"start": "00:56:48", "end": "00:56:53", "text": "go like they one person, one vote."}, {"start": "00:56:51", "end": "00:56:55", "text": "Okay, Ivan left like ST Larson also"}, {"start": "00:56:53", "end": "00:56:58", "text": "left. Okay, it's two two guys, two"}, {"start": "00:56:55", "end": "00:57:00", "text": "votes. We can bring in tens of"}, {"start": "00:56:58", "end": "00:57:01", "text": "thousands."}, {"start": "00:57:00", "end": "00:57:04", "text": "It's tens of thousands of votes. It's"}, {"start": "00:57:01", "end": "00:57:06", "text": "simple math, man. Simple math. And then"}, {"start": "00:57:04", "end": "00:57:08", "text": "we milk the rest who are still here who"}, {"start": "00:57:06", "end": "00:57:12", "text": "still didn't move. Okay, we see how how"}, {"start": "00:57:08", "end": "00:57:14", "text": "long this works. Who the hell know who?"}, {"start": "00:57:12", "end": "00:57:17", "text": "Let's milk. So, it's simple, man. Simple"}, {"start": "00:57:14", "end": "00:57:19", "text": "like no need to get uh upset here. No,"}, {"start": "00:57:17", "end": "00:57:23", "text": "really not about immigration. You need"}, {"start": "00:57:19", "end": "00:57:25", "text": "to be work and working and delivering"}, {"start": "00:57:23", "end": "00:57:26", "text": "and the freebie is very bad. But guys"}, {"start": "00:57:25", "end": "00:57:28", "text": "listen this not political channel. I"}, {"start": "00:57:26", "end": "00:57:30", "text": "actually don't want to discuss politics."}, {"start": "00:57:28", "end": "00:57:34", "text": "You guys asked about it. So we but"}, {"start": "00:57:30", "end": "00:57:36", "text": "otherwise we don't discuss. We are here"}, {"start": "00:57:34", "end": "00:57:40", "text": "kumbaya guys. Even if you disagree with"}, {"start": "00:57:36", "end": "00:57:44", "text": "with me my message to you is I love you"}, {"start": "00:57:40", "end": "00:57:46", "text": "and we do kumbaya anyway. We do kumbaya"}, {"start": "00:57:44", "end": "00:57:49", "text": "here because you like crypto. I like"}, {"start": "00:57:46", "end": "00:57:51", "text": "crypto. We're in this market. Then we"}, {"start": "00:57:49", "end": "00:57:52", "text": "you know you you have this agreement. I"}, {"start": "00:57:51", "end": "00:57:54", "text": "Okay. Good. Good. Good. Good. Good."}, {"start": "00:57:52", "end": "00:57:56", "text": "Good. You you live where you want. I"}, {"start": "00:57:54", "end": "00:57:59", "text": "live where I want to. It's up to you. Up"}, {"start": "00:57:56", "end": "00:58:01", "text": "to you. Don't judge. How do you say live"}, {"start": "00:57:59", "end": "00:58:05", "text": "and let live? I don't judge you. You"}, {"start": "00:58:01", "end": "00:58:06", "text": "don't judge. Great. Great. And you smash"}, {"start": "00:58:05", "end": "00:58:09", "text": "up the like. That's the only thing I"}, {"start": "00:58:06", "end": "00:58:10", "text": "need from you though. You smash up the"}, {"start": "00:58:09", "end": "00:58:15", "text": "like."}, {"start": "00:58:10", "end": "00:58:20", "text": "And please write time stamp 58 colon 0."}, {"start": "00:58:15", "end": "00:58:24", "text": "Right. Kumbaya. Okay. 58 col 0 0. Right."}, {"start": "00:58:20", "end": "00:58:26", "text": "Kumbaya. Kumbaya."}, {"start": "00:58:24", "end": "00:58:28", "text": "And we have great kumbaya here. I am"}, {"start": "00:58:26", "end": "00:58:32", "text": "here."}, {"start": "00:58:28", "end": "00:58:35", "text": "I I guys I I am now how do you say cross"}, {"start": "00:58:32", "end": "00:58:37", "text": "uh partisan? I'm cross I'm I'm working"}, {"start": "00:58:35", "end": "00:58:40", "text": "on a crossartisan"}, {"start": "00:58:37", "end": "00:58:43", "text": "level. Okay. Bring together retarders"}, {"start": "00:58:40", "end": "00:58:46", "text": "from both sides. We unite in our love"}, {"start": "00:58:43", "end": "00:58:50", "text": "for crypto, for the gospel of Satoshi,"}, {"start": "00:58:46", "end": "00:58:53", "text": "and for this fantastic movement. We are"}, {"start": "00:58:50", "end": "00:58:55", "text": "bringing people together the best, man."}, {"start": "00:58:53", "end": "00:58:57", "text": "So guys, thank you very much. Have a"}, {"start": "00:58:55", "end": "00:59:01", "text": "good day and goodbye guys. Goodbye."}, {"start": "00:58:57", "end": "00:59:01", "text": "Goodbye. Goodbye."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "show as soon as possible. We're clicking"}, {"start": "00:00:01", "end": "00:00:06", "text": "the button."}, {"start": "00:00:04", "end": "00:00:07", "text": "Oh yes. Oh yes. Yes. Yes. Guys, welcome"}, {"start": "00:00:06", "end": "00:00:09", "text": "to another episode. And as you can see"}, {"start": "00:00:07", "end": "00:00:11", "text": "right now, Bitcoin is doing something"}, {"start": "00:00:09", "end": "00:00:14", "text": "very interesting. Bitcoin is holding the"}, {"start": "00:00:11", "end": "00:00:17", "text": "200 week moving average like a chad."}, {"start": "00:00:14", "end": "00:00:19", "text": "Like a chad. We are still within the buy"}, {"start": "00:00:17", "end": "00:00:22", "text": "zone. The buy zone means that it's smart"}, {"start": "00:00:19", "end": "00:00:23", "text": "to buy. Within the green box, it's a"}, {"start": "00:00:22", "end": "00:00:25", "text": "smart to buy. Can you repeat that in the"}, {"start": "00:00:23", "end": "00:00:28", "text": "comment section? Within the green box,"}, {"start": "00:00:25", "end": "00:00:30", "text": "it's smart to buy. within the green box"}, {"start": "00:00:28", "end": "00:00:33", "text": "because the reason I'm repeating that is"}, {"start": "00:00:30", "end": "00:00:35", "text": "I see sometimes people ask me Ivan so is"}, {"start": "00:00:33", "end": "00:00:37", "text": "it good to buy here or should we wait"}, {"start": "00:00:35", "end": "00:00:40", "text": "longer or what should we do within the"}, {"start": "00:00:37", "end": "00:00:41", "text": "green box it's smart to buy now we're"}, {"start": "00:00:40", "end": "00:00:43", "text": "still in the bare trend meaning that we"}, {"start": "00:00:41", "end": "00:00:46", "text": "could go lower we could go lower into"}, {"start": "00:00:43", "end": "00:00:48", "text": "the green box the green box is still"}, {"start": "00:00:46", "end": "00:00:51", "text": "quite big I mean we could go here to 40s"}, {"start": "00:00:48", "end": "00:00:52", "text": "to 50s but here is where being extra"}, {"start": "00:00:51", "end": "00:00:55", "text": "greedy doesn't give too much return"}, {"start": "00:00:52", "end": "00:00:58", "text": "because overall you look at the timeline"}, {"start": "00:00:55", "end": "00:01:01", "text": "we're now towards the middle of the year"}, {"start": "00:00:58", "end": "00:01:03", "text": "in Q4 we will likely see the bottom. So"}, {"start": "00:01:01", "end": "00:01:05", "text": "a few months here, a few months there,"}, {"start": "00:01:03", "end": "00:01:07", "text": "we're now getting closer to the end of"}, {"start": "00:01:05", "end": "00:01:09", "text": "the bear. Okay? And people say, \"But the"}, {"start": "00:01:07", "end": "00:01:11", "text": "cycle doesn't listen, I I I look at the"}, {"start": "00:01:09", "end": "00:01:14", "text": "chart. The chart confirms that the cycle"}, {"start": "00:01:11", "end": "00:01:16", "text": "works quite exact. We became bearish in"}, {"start": "00:01:14", "end": "00:01:18", "text": "October. Since then, it's down only. And"}, {"start": "00:01:16", "end": "00:01:21", "text": "now that we see the 200 week moving"}, {"start": "00:01:18", "end": "00:01:24", "text": "average being reached is fantastic. It's"}, {"start": "00:01:21", "end": "00:01:26", "text": "fantastic. This is the Valhalla zone for"}, {"start": "00:01:24", "end": "00:01:29", "text": "the next bull market. Okay, just keep it"}, {"start": "00:01:26", "end": "00:01:30", "text": "in mind. So all in all, we are in a"}, {"start": "00:01:29", "end": "00:01:32", "text": "quite a good position and the stock"}, {"start": "00:01:30", "end": "00:01:34", "text": "market, the interesting thing is if you"}, {"start": "00:01:32", "end": "00:01:36", "text": "look here at the stock market yesterday,"}, {"start": "00:01:34", "end": "00:01:38", "text": "the stock market actually recovered"}, {"start": "00:01:36", "end": "00:01:40", "text": "quite nicely because Trump said yet"}, {"start": "00:01:38", "end": "00:01:42", "text": "again that that Iran is not going to be"}, {"start": "00:01:40", "end": "00:01:44", "text": "attacked. He said before that they're"}, {"start": "00:01:42", "end": "00:01:46", "text": "going to attack. Then they said it's not"}, {"start": "00:01:44", "end": "00:01:48", "text": "going to be attacked. So another pump"}, {"start": "00:01:46", "end": "00:01:50", "text": "and dump by the president. Probably his"}, {"start": "00:01:48", "end": "00:01:53", "text": "friends made a lot of money because we"}, {"start": "00:01:50", "end": "00:01:58", "text": "did see this dump all the way here on"}, {"start": "00:01:53", "end": "00:02:01", "text": "S&P to uh 7.2 2K then it recovered to"}, {"start": "00:01:58", "end": "00:02:04", "text": "7.4 four and this volatility guys I mean"}, {"start": "00:02:01", "end": "00:02:07", "text": "money is being made money is being made"}, {"start": "00:02:04", "end": "00:02:09", "text": "left and right this is not randomly that"}, {"start": "00:02:07", "end": "00:02:11", "text": "there is an attack imminent attack and"}, {"start": "00:02:09", "end": "00:02:13", "text": "okay great guys great guys Iran great"}, {"start": "00:02:11", "end": "00:02:15", "text": "guys an imminent attack great guys great"}, {"start": "00:02:13", "end": "00:02:17", "text": "great guys Iran great and we've seen it"}, {"start": "00:02:15", "end": "00:02:19", "text": "now how many times we've seen it now"}, {"start": "00:02:17", "end": "00:02:22", "text": "we've seen it now maybe five six times"}, {"start": "00:02:19", "end": "00:02:25", "text": "that it's almost almost attack and then"}, {"start": "00:02:22", "end": "00:02:29", "text": "great guys Iran the leader of Iran what"}, {"start": "00:02:25", "end": "00:02:29", "text": "he said praise the Allah"}, {"start": "00:02:31", "end": "00:02:36", "text": "When did he say it was he the other day"}, {"start": "00:02:32", "end": "00:02:38", "text": "he also had in his in his true social"}, {"start": "00:02:36", "end": "00:02:39", "text": "praise the Allah. This is this is the"}, {"start": "00:02:38", "end": "00:02:43", "text": "kind of stuff we're dealing with. And"}, {"start": "00:02:39", "end": "00:02:45", "text": "this is why in the uh stock market the"}, {"start": "00:02:43", "end": "00:02:46", "text": "best thing the best thing is to just"}, {"start": "00:02:45", "end": "00:02:48", "text": "look at the trend. If you look at the"}, {"start": "00:02:46", "end": "00:02:50", "text": "trend it's bullish. All this volatility"}, {"start": "00:02:48", "end": "00:02:52", "text": "here and there I mean it's okay. It's"}, {"start": "00:02:50", "end": "00:02:53", "text": "okay. Nothing has really changed for us."}, {"start": "00:02:52", "end": "00:02:55", "text": "But many people get concerned. Many"}, {"start": "00:02:53", "end": "00:02:57", "text": "people got super concerned here that we"}, {"start": "00:02:55", "end": "00:02:59", "text": "dumped a bit based on the pump and dump"}, {"start": "00:02:57", "end": "00:03:01", "text": "from Trump and yeah they said AI bubble"}, {"start": "00:02:59", "end": "00:03:03", "text": "is popping. Many people said AI bubble"}, {"start": "00:03:01", "end": "00:03:05", "text": "is popping and at some point maybe it"}, {"start": "00:03:03", "end": "00:03:06", "text": "will pop. Uh maybe it will pop at some"}, {"start": "00:03:05", "end": "00:03:08", "text": "point. We we just don't know. So we're"}, {"start": "00:03:06", "end": "00:03:10", "text": "bullish until until it's bearish. Now"}, {"start": "00:03:08", "end": "00:03:14", "text": "guys in terms of the news we have"}, {"start": "00:03:10", "end": "00:03:16", "text": "SpaceX. SpaceX now is uh IPOing today."}, {"start": "00:03:14", "end": "00:03:18", "text": "Today. So maybe this is the day when the"}, {"start": "00:03:16", "end": "00:03:23", "text": "air bubble pops just like when Coinbase"}, {"start": "00:03:18", "end": "00:03:26", "text": "IPOed back in 2022 or 2023 and what 2022"}, {"start": "00:03:23", "end": "00:03:28", "text": "that was the top of the crypto bubble"}, {"start": "00:03:26", "end": "00:03:30", "text": "back then maybe SpaceX is the top of the"}, {"start": "00:03:28", "end": "00:03:32", "text": "AI bubble. Now why are we saying AI when"}, {"start": "00:03:30", "end": "00:03:35", "text": "it's space? Because a big portion of the"}, {"start": "00:03:32", "end": "00:03:36", "text": "SpaceX IPO has to do with Grock. I mean"}, {"start": "00:03:35", "end": "00:03:38", "text": "when you look at Elon Musk companies"}, {"start": "00:03:36", "end": "00:03:41", "text": "he's consolidating them more or less"}, {"start": "00:03:38", "end": "00:03:43", "text": "into SpaceX. So some of the biggest"}, {"start": "00:03:41", "end": "00:03:46", "text": "revenues here is actually from the AI"}, {"start": "00:03:43", "end": "00:03:49", "text": "business XAI and it's called SpaceX but"}, {"start": "00:03:46", "end": "00:03:52", "text": "space itself is uh a a lesser part of"}, {"start": "00:03:49", "end": "00:03:53", "text": "the revenues. So it is more or less an"}, {"start": "00:03:52", "end": "00:03:55", "text": "AI IPO. Then of course you have the"}, {"start": "00:03:53", "end": "00:03:56", "text": "story about space it's extra valuation"}, {"start": "00:03:55", "end": "00:03:59", "text": "that is space. So let's see what's going"}, {"start": "00:03:56", "end": "00:04:01", "text": "to happen here. But the retail attention"}, {"start": "00:03:59", "end": "00:04:04", "text": "to this is quite massive. It is quite"}, {"start": "00:04:01", "end": "00:04:06", "text": "massive. So SpaceX is now 2.4 times"}, {"start": "00:04:04", "end": "00:04:10", "text": "larger than the total amount traced in"}, {"start": "00:04:06", "end": "00:04:12", "text": "the previous largest IPO in history. So"}, {"start": "00:04:10", "end": "00:04:14", "text": "we have uh the the biggest IPO in"}, {"start": "00:04:12", "end": "00:04:16", "text": "history. Retail is foring in forming in"}, {"start": "00:04:14", "end": "00:04:18", "text": "could it be the top of the bubble with"}, {"start": "00:04:16", "end": "00:04:19", "text": "AI? I mean who the hell knows it's"}, {"start": "00:04:18", "end": "00:04:22", "text": "bullish. So we're bullish also. Overall"}, {"start": "00:04:19", "end": "00:04:24", "text": "we're still bullish uh with SpaceX. We"}, {"start": "00:04:22", "end": "00:04:25", "text": "will see how the how the stock starts"}, {"start": "00:04:24", "end": "00:04:27", "text": "trading. We're not following in at the"}, {"start": "00:04:25", "end": "00:04:29", "text": "very start. Very likely we will see big"}, {"start": "00:04:27", "end": "00:04:32", "text": "discounts for it in the coming months."}, {"start": "00:04:29", "end": "00:04:34", "text": "But the initial days today, let's say"}, {"start": "00:04:32", "end": "00:04:36", "text": "Monday, initial week probably going to"}, {"start": "00:04:34", "end": "00:04:38", "text": "be super volatile, super crazy. Now,"}, {"start": "00:04:36", "end": "00:04:41", "text": "it's obviously possible to trade all of"}, {"start": "00:04:38", "end": "00:04:43", "text": "this on Sena. You have uh SpaceX going"}, {"start": "00:04:41", "end": "00:04:45", "text": "live on Solana via Sunrise. You can also"}, {"start": "00:04:43", "end": "00:04:47", "text": "trade SpaceX on all of the biggest"}, {"start": "00:04:45", "end": "00:04:48", "text": "exchanges like for example on Bybit, you"}, {"start": "00:04:47", "end": "00:04:50", "text": "can trade it. So, if you go to"}, {"start": "00:04:48", "end": "00:04:53", "text": "bullme.com/partners, you sign up, you"}, {"start": "00:04:50", "end": "00:04:56", "text": "get a nice signup bonus. You can trade"}, {"start": "00:04:53", "end": "00:04:57", "text": "the SpaceX if you want. Uh you can trade"}, {"start": "00:04:56", "end": "00:05:00", "text": "with leverage, you can trade with spot"}, {"start": "00:04:57", "end": "00:05:01", "text": "on buy. Uh Pionex, I believe also going"}, {"start": "00:05:00", "end": "00:05:03", "text": "to have SpaceX. This is for trading"}, {"start": "00:05:01", "end": "00:05:05", "text": "bots. You can watch the tutorial here"}, {"start": "00:05:03", "end": "00:05:08", "text": "for automatic bots. and Wix I believe"}, {"start": "00:05:05", "end": "00:05:09", "text": "also going to have SpaceX. So Wix is"}, {"start": "00:05:08", "end": "00:05:11", "text": "like Loki YC B. So if you use the link"}, {"start": "00:05:09", "end": "00:05:13", "text": "below boom.com/partners you get access"}, {"start": "00:05:11", "end": "00:05:15", "text": "to SpaceX if you want and you get access"}, {"start": "00:05:13", "end": "00:05:17", "text": "to trading SpaceX. You don't have to"}, {"start": "00:05:15", "end": "00:05:18", "text": "form in directly. If you follow this"}, {"start": "00:05:17", "end": "00:05:20", "text": "channel I'll tell you how we're going to"}, {"start": "00:05:18", "end": "00:05:22", "text": "play SpaceX. But our strategy is not to"}, {"start": "00:05:20", "end": "00:05:25", "text": "form in instantly. Our strategy is to"}, {"start": "00:05:22", "end": "00:05:28", "text": "see the real supply and demand to see"}, {"start": "00:05:25", "end": "00:05:30", "text": "the real trading see how SpaceX is"}, {"start": "00:05:28", "end": "00:05:32", "text": "changing hands on the open market and"}, {"start": "00:05:30", "end": "00:05:34", "text": "then uh take it from there. So the and"}, {"start": "00:05:32", "end": "00:05:35", "text": "the reason is because we have a"}, {"start": "00:05:34", "end": "00:05:36", "text": "repeatable strategy especially if you"}, {"start": "00:05:35", "end": "00:05:38", "text": "are in bulmania you know what what we're"}, {"start": "00:05:36", "end": "00:05:40", "text": "speaking about with mechanical rules we"}, {"start": "00:05:38", "end": "00:05:42", "text": "need a repeatable strategy that works in"}, {"start": "00:05:40", "end": "00:05:45", "text": "any asset and that works in any kind of"}, {"start": "00:05:42", "end": "00:05:46", "text": "industry and that's why we need to see"}, {"start": "00:05:45", "end": "00:05:48", "text": "the trading we need to see the chart and"}, {"start": "00:05:46", "end": "00:05:50", "text": "from there we know should we enter"}, {"start": "00:05:48", "end": "00:05:51", "text": "should we not enter is it good price not"}, {"start": "00:05:50", "end": "00:05:52", "text": "good price and if you want to learn that"}, {"start": "00:05:51", "end": "00:05:55", "text": "the mechanical rules watch the free"}, {"start": "00:05:52", "end": "00:05:57", "text": "training you cannot join bullmania right"}, {"start": "00:05:55", "end": "00:05:58", "text": "now we have a wait list but if you sign"}, {"start": "00:05:57", "end": "00:06:00", "text": "up here it's going to be first come"}, {"start": "00:05:58", "end": "00:06:02", "text": "first serve each and every day we're"}, {"start": "00:06:00", "end": "00:06:04", "text": "releasing a few a few spots because we"}, {"start": "00:06:02", "end": "00:06:06", "text": "are super full with the recent I mean"}, {"start": "00:06:04", "end": "00:06:08", "text": "with the recent dump in Bitcoin many"}, {"start": "00:06:06", "end": "00:06:09", "text": "people understood that mechanical rules"}, {"start": "00:06:08", "end": "00:06:11", "text": "freaking work I don't see too many"}, {"start": "00:06:09", "end": "00:06:13", "text": "people arguing with me on the markets"}, {"start": "00:06:11", "end": "00:06:15", "text": "nowadays"}, {"start": "00:06:13", "end": "00:06:18", "text": "be here man PEOPLE WERE ARGUING NO IT'S"}, {"start": "00:06:15", "end": "00:06:20", "text": "NOT BARE MARK NO IVAN YOU DON'T KNOW BUT"}, {"start": "00:06:18", "end": "00:06:21", "text": "HERE since this dump no one argues man"}, {"start": "00:06:20", "end": "00:06:24", "text": "no one argues they just joined bulmania"}, {"start": "00:06:21", "end": "00:06:27", "text": "I mean it's we had quite a crazy last"}, {"start": "00:06:24", "end": "00:06:29", "text": "few weeks in in business with the system"}, {"start": "00:06:27", "end": "00:06:31", "text": "with the tools with air I mean people"}, {"start": "00:06:29", "end": "00:06:33", "text": "understanding holy crap it works if it"}, {"start": "00:06:31", "end": "00:06:34", "text": "works. So, we're actually at capacity,"}, {"start": "00:06:33", "end": "00:06:36", "text": "but first come first serve. You sign up"}, {"start": "00:06:34", "end": "00:06:38", "text": "on the weight list booming.com. We're"}, {"start": "00:06:36", "end": "00:06:40", "text": "going to be sending out the spots when"}, {"start": "00:06:38", "end": "00:06:43", "text": "they when they come. So, that's that"}, {"start": "00:06:40", "end": "00:06:45", "text": "with Trump uh classic Trump classic pump"}, {"start": "00:06:43", "end": "00:06:47", "text": "and dump. Guys, we need to speak about"}, {"start": "00:06:45", "end": "00:06:50", "text": "uh Michael Sailor. Michael Sailor. Holy"}, {"start": "00:06:47", "end": "00:06:52", "text": "crap. I think for Bitcoin, it's very"}, {"start": "00:06:50", "end": "00:06:55", "text": "good that Michael Sailor is being"}, {"start": "00:06:52", "end": "00:06:57", "text": "revealed as not fully"}, {"start": "00:06:55", "end": "00:06:58", "text": "how you say I don't want to say"}, {"start": "00:06:57", "end": "00:07:00", "text": "dishonest. I mean, he's not fully"}, {"start": "00:06:58", "end": "00:07:01", "text": "honest, but I don't want to say that"}, {"start": "00:07:00", "end": "00:07:03", "text": "he's dishonest. I mean it's just"}, {"start": "00:07:01", "end": "00:07:06", "text": "business. It's just business. I actually"}, {"start": "00:07:03", "end": "00:07:08", "text": "blame more of the fanatics and the maxis"}, {"start": "00:07:06", "end": "00:07:10", "text": "who take take each and every word he"}, {"start": "00:07:08", "end": "00:07:13", "text": "says as gospel and think that they live"}, {"start": "00:07:10", "end": "00:07:14", "text": "in La La Land. I mean it's it's I I feel"}, {"start": "00:07:13", "end": "00:07:17", "text": "sorry for them also because imagine"}, {"start": "00:07:14", "end": "00:07:18", "text": "going through life where you listen to"}, {"start": "00:07:17", "end": "00:07:20", "text": "what people tell you and you and you"}, {"start": "00:07:18", "end": "00:07:22", "text": "take it at face value. I mean you you"}, {"start": "00:07:20", "end": "00:07:25", "text": "you need to be using your brain a bit"}, {"start": "00:07:22", "end": "00:07:27", "text": "also. Okay. And I think now many people"}, {"start": "00:07:25", "end": "00:07:30", "text": "are realizing okay with sailor he said"}, {"start": "00:07:27", "end": "00:07:31", "text": "many things. He said many things and"}, {"start": "00:07:30", "end": "00:07:33", "text": "most people did not use their brain at"}, {"start": "00:07:31", "end": "00:07:36", "text": "all. And now he's saying, \"Hey, I sold"}, {"start": "00:07:33", "end": "00:07:37", "text": "Bitcoin and actually didn't tell you"}, {"start": "00:07:36", "end": "00:07:39", "text": "that I would never sell, which is not"}, {"start": "00:07:37", "end": "00:07:40", "text": "true, by the way.\" And they're so"}, {"start": "00:07:39", "end": "00:07:42", "text": "surprised, man. I feel sorry for the the"}, {"start": "00:07:40", "end": "00:07:45", "text": "people. They're so surprised. I mean,"}, {"start": "00:07:42", "end": "00:07:46", "text": "are you did you get born yesterday? You"}, {"start": "00:07:45", "end": "00:07:48", "text": "know,"}, {"start": "00:07:46", "end": "00:07:51", "text": "and what I never liked was that the"}, {"start": "00:07:48", "end": "00:07:53", "text": "whole Bitcoin thesis for the past years"}, {"start": "00:07:51", "end": "00:07:55", "text": "have been hanging on this guy on Michael"}, {"start": "00:07:53", "end": "00:07:57", "text": "Sailor. I I love Sailor. I he's done a"}, {"start": "00:07:55", "end": "00:07:59", "text": "lot for Bitcoin, but the the way that"}, {"start": "00:07:57", "end": "00:08:00", "text": "he's perceived by the industry is bad."}, {"start": "00:07:59", "end": "00:08:02", "text": "So, I want to change that. That's why"}, {"start": "00:08:00", "end": "00:08:04", "text": "we're a bit bearish Sailor. Not because"}, {"start": "00:08:02", "end": "00:08:06", "text": "I dislike Sailor. I just don't like that"}, {"start": "00:08:04", "end": "00:08:07", "text": "everything hangs on him. So, I want to"}, {"start": "00:08:06", "end": "00:08:09", "text": "distance ourselves. Anyway, listen to"}, {"start": "00:08:07", "end": "00:08:10", "text": "this. When someone asked him, \"Why did"}, {"start": "00:08:09", "end": "00:08:12", "text": "you sell Bitcoin? You said you would"}, {"start": "00:08:10", "end": "00:08:15", "text": "never sell Bitcoin.\" Listen to this."}, {"start": "00:08:12", "end": "00:08:16", "text": ">> And I refuse to do it because a troll on"}, {"start": "00:08:15", "end": "00:08:18", "text": "Twitter said, \"Hey, you said you never"}, {"start": "00:08:16", "end": "00:08:20", "text": "sell your Bitcoin.\""}, {"start": "00:08:18", "end": "00:08:22", "text": "Okay, fine. and I'll destroy a billion"}, {"start": "00:08:20", "end": "00:08:24", "text": "hundred billion dollar company so that I"}, {"start": "00:08:22", "end": "00:08:27", "text": "don't sell my Bitcoin, you know. Well,"}, {"start": "00:08:24", "end": "00:08:30", "text": "the point is I said to, by the way, I"}, {"start": "00:08:27", "end": "00:08:32", "text": "said to you never sell your Bitcoin. I"}, {"start": "00:08:30", "end": "00:08:34", "text": "never said that the company wouldn't"}, {"start": "00:08:32", "end": "00:08:37", "text": "sell his Bitcoin. And anybody that's"}, {"start": "00:08:34", "end": "00:08:40", "text": "been listening to our earnings calls or"}, {"start": "00:08:37", "end": "00:08:42", "text": "reading our disclosures or has half a"}, {"start": "00:08:40", "end": "00:08:44", "text": "brain knows for the last 5 years, we've"}, {"start": "00:08:42", "end": "00:08:47", "text": "been very clear that of course we sell"}, {"start": "00:08:44", "end": "00:08:48", "text": "the Bitcoin if we have. But the thing is"}, {"start": "00:08:47", "end": "00:08:50", "text": "insurance remembers. This is the"}, {"start": "00:08:48", "end": "00:08:52", "text": "problem. Insurance remembers everything."}, {"start": "00:08:50", "end": "00:08:54", "text": "Did he really say that the company will"}, {"start": "00:08:52", "end": "00:08:57", "text": "never sell Bitcoin? Did he really say"}, {"start": "00:08:54", "end": "00:08:57", "text": "that? Because we have proof. At least it"}, {"start": "00:08:57", "end": "00:09:00", "text": "is."}, {"start": "00:08:57", "end": "00:09:02", "text": ">> And I promise not to sell the Bitcoin."}, {"start": "00:09:00", "end": "00:09:03", "text": "And And so we're in the business of not"}, {"start": "00:09:02", "end": "00:09:06", "text": "selling Bitcoin."}, {"start": "00:09:03", "end": "00:09:08", "text": ">> By the way, I said to you, never sell"}, {"start": "00:09:06", "end": "00:09:10", "text": "Bitcoin. I never said that the company"}, {"start": "00:09:08", "end": "00:09:12", "text": "wouldn't sell his Bitcoin. And I promise"}, {"start": "00:09:10", "end": "00:09:13", "text": "not to sell the Bitcoin."}, {"start": "00:09:12", "end": "00:09:16", "text": ">> I never said that the company wouldn't"}, {"start": "00:09:13", "end": "00:09:17", "text": "sell his Bitcoin. And I promise not to"}, {"start": "00:09:16", "end": "00:09:18", "text": "sell the Bitcoin."}, {"start": "00:09:17", "end": "00:09:21", "text": ">> I never said that the company wouldn't"}, {"start": "00:09:18", "end": "00:09:22", "text": "sell his Bitcoin. And I promise not to"}, {"start": "00:09:21", "end": "00:09:24", "text": "sell the Bitcoin."}, {"start": "00:09:22", "end": "00:09:26", "text": ">> I mean, listen guys, guys, why? And"}, {"start": "00:09:24", "end": "00:09:27", "text": "people are surprised. I mean, to me,"}, {"start": "00:09:26", "end": "00:09:30", "text": "it's not a surprise. To me, I mean, of"}, {"start": "00:09:27", "end": "00:09:32", "text": "course, he has a big I mean, if you use"}, {"start": "00:09:30", "end": "00:09:34", "text": "your brain, if he has to go bankrupt or"}, {"start": "00:09:32", "end": "00:09:36", "text": "whatever, cannot meet some debt"}, {"start": "00:09:34", "end": "00:09:38", "text": "obligation or can or is illquid. He's"}, {"start": "00:09:36", "end": "00:09:41", "text": "illquid to pay the of course he's going"}, {"start": "00:09:38", "end": "00:09:44", "text": "to sell Bitcoin. BUT PEOPLE SAID, \"NO, I"}, {"start": "00:09:41", "end": "00:09:46", "text": "NO LIKE people in this industry, man."}, {"start": "00:09:44", "end": "00:09:48", "text": "And it's so gullible. It's so That's why"}, {"start": "00:09:46", "end": "00:09:50", "text": "most people they I mean they lose money"}, {"start": "00:09:48", "end": "00:09:52", "text": "in crypto. It's crazy, guys. It's crazy."}, {"start": "00:09:50", "end": "00:09:53", "text": "They believe every They're like freaking"}, {"start": "00:09:52", "end": "00:09:55", "text": "snow white. They believe everything."}, {"start": "00:09:53", "end": "00:09:57", "text": "They believe you can tell them anything."}, {"start": "00:09:55", "end": "00:10:00", "text": "They believe anything. It's insane. It's"}, {"start": "00:09:57", "end": "00:10:03", "text": "so crazy. So when people are now"}, {"start": "00:10:00", "end": "00:10:05", "text": "understanding the the world for what it"}, {"start": "00:10:03", "end": "00:10:07", "text": "is, I like it. I like it. Like listen,"}, {"start": "00:10:05", "end": "00:10:10", "text": "sailor I mean I I see no problem with"}, {"start": "00:10:07", "end": "00:10:13", "text": "this. I see no problem with this. Uh was"}, {"start": "00:10:10", "end": "00:10:14", "text": "it uh dumb to say that he never will"}, {"start": "00:10:13", "end": "00:10:17", "text": "sell his Bitcoin? It was not fully"}, {"start": "00:10:14", "end": "00:10:18", "text": "honest. But I what blows my mind more is"}, {"start": "00:10:17", "end": "00:10:20", "text": "that people take everything at face"}, {"start": "00:10:18", "end": "00:10:23", "text": "value. Everything at face value. Okay."}, {"start": "00:10:20", "end": "00:10:25", "text": "Oh, but he said so. Okay. Okay. This"}, {"start": "00:10:23", "end": "00:10:27", "text": "whole interest hangs on what one guy"}, {"start": "00:10:25", "end": "00:10:30", "text": "said. So I feel it's very good. I feel"}, {"start": "00:10:27", "end": "00:10:34", "text": "it's very good that Sailor is busted a"}, {"start": "00:10:30", "end": "00:10:36", "text": "bit as Wizard of Oz uh because what he's"}, {"start": "00:10:34", "end": "00:10:37", "text": "doing is not unique. Again, what he's"}, {"start": "00:10:36", "end": "00:10:39", "text": "doing is not unique. It's been done in"}, {"start": "00:10:37", "end": "00:10:41", "text": "many other industries where you take"}, {"start": "00:10:39", "end": "00:10:43", "text": "leverage to go heavy on an asset. It's"}, {"start": "00:10:41", "end": "00:10:46", "text": "very popular in real estate. The real"}, {"start": "00:10:43", "end": "00:10:48", "text": "estate developer takes big fat leverage,"}, {"start": "00:10:46", "end": "00:10:51", "text": "borrows lot of money, go builds, builds"}, {"start": "00:10:48", "end": "00:10:53", "text": "new development, develops new city. In"}, {"start": "00:10:51", "end": "00:10:54", "text": "many cases, it's very profitable. It's"}, {"start": "00:10:53", "end": "00:10:57", "text": "very very profitable in many cases."}, {"start": "00:10:54", "end": "00:10:59", "text": "Sometimes not. Sometimes you build and"}, {"start": "00:10:57", "end": "00:11:01", "text": "there's no demand and there's no demand"}, {"start": "00:10:59", "end": "00:11:02", "text": "and maybe for five 10 years it's very"}, {"start": "00:11:01", "end": "00:11:05", "text": "very hard market and you go bankrupt. It"}, {"start": "00:11:02", "end": "00:11:06", "text": "can happen. It can absolutely happen. So"}, {"start": "00:11:05", "end": "00:11:08", "text": "with seller is a very similar guys."}, {"start": "00:11:06", "end": "00:11:10", "text": "There's no magic. There is no magical uh"}, {"start": "00:11:08", "end": "00:11:12", "text": "money glitch that people say and it's"}, {"start": "00:11:10", "end": "00:11:14", "text": "very good that um the industry is"}, {"start": "00:11:12", "end": "00:11:17", "text": "understanding that. So yeah, my body is"}, {"start": "00:11:14", "end": "00:11:20", "text": "crazy. Never I never said to never sell"}, {"start": "00:11:17", "end": "00:11:23", "text": "Bitcoin. I promise to never sell I never"}, {"start": "00:11:20", "end": "00:11:25", "text": "said I pro. Yeah, it's exact. Now guys,"}, {"start": "00:11:23", "end": "00:11:27", "text": "Tom Lee Tom Lee, our other treasurer."}, {"start": "00:11:25", "end": "00:11:30", "text": "What he's saying? He's saying that he's"}, {"start": "00:11:27", "end": "00:11:32", "text": "likely going to stop buying buying ETH"}, {"start": "00:11:30", "end": "00:11:35", "text": "soon. Bitcoin has single-handedly became"}, {"start": "00:11:32", "end": "00:11:38", "text": "Ethereum's most important institutional"}, {"start": "00:11:35", "end": "00:11:41", "text": "buyer, snapping up more than 5 million"}, {"start": "00:11:38", "end": "00:11:44", "text": "ETH since mid 2025, now with holdings at"}, {"start": "00:11:41", "end": "00:11:46", "text": "4.6% of total supply, Tommy signaling"}, {"start": "00:11:44", "end": "00:11:48", "text": "that the company may not need to go"}, {"start": "00:11:46", "end": "00:11:51", "text": "beyond 5%. There you go. There you go. I"}, {"start": "00:11:48", "end": "00:11:53", "text": "And by the way, th this makes sense. U I"}, {"start": "00:11:51", "end": "00:11:55", "text": "think it's good. This is this is smarter"}, {"start": "00:11:53", "end": "00:11:57", "text": "than just endlessly raising like Sailor"}, {"start": "00:11:55", "end": "00:12:01", "text": "has been doing inventing new ways to"}, {"start": "00:11:57", "end": "00:12:04", "text": "raise because this is very hard to uh to"}, {"start": "00:12:01", "end": "00:12:06", "text": "do like you cannot have a business model"}, {"start": "00:12:04", "end": "00:12:08", "text": "that depends on you always raising. So"}, {"start": "00:12:06", "end": "00:12:10", "text": "this is the problem with Sailor. It"}, {"start": "00:12:08", "end": "00:12:12", "text": "seems that he always has to raise he"}, {"start": "00:12:10", "end": "00:12:15", "text": "always has to raise always has to get"}, {"start": "00:12:12", "end": "00:12:18", "text": "new money in order to uh be liquid to"}, {"start": "00:12:15", "end": "00:12:20", "text": "pay dividends etc etc. Uh so Tom Lee"}, {"start": "00:12:18", "end": "00:12:22", "text": "said, \"Listen, uh here we have a cap"}, {"start": "00:12:20", "end": "00:12:24", "text": "here. Uh and we're gonna be okay. We're"}, {"start": "00:12:22", "end": "00:12:27", "text": "gonna be okay even if we don't have to"}, {"start": "00:12:24", "end": "00:12:28", "text": "buy more.\" That's actually makes me more"}, {"start": "00:12:27", "end": "00:12:31", "text": "comfortable that he's not in a position"}, {"start": "00:12:28", "end": "00:12:34", "text": "where he always has to raise add"}, {"start": "00:12:31", "end": "00:12:36", "text": "infinitum. Okay, he does have to raise"}, {"start": "00:12:34", "end": "00:12:38", "text": "adfinum. Um so yeah, all in all, that's"}, {"start": "00:12:36", "end": "00:12:39", "text": "good. And remember, he has yield. He"}, {"start": "00:12:38", "end": "00:12:42", "text": "always is liquid. This is the the"}, {"start": "00:12:39", "end": "00:12:45", "text": "difference between Sailor and Tom Lee."}, {"start": "00:12:42", "end": "00:12:48", "text": "Tom Lee more or less is always liquid"}, {"start": "00:12:45", "end": "00:12:50", "text": "because he has yield. he has 3% yield"}, {"start": "00:12:48", "end": "00:12:52", "text": "from uh from ETH as long as he doesn't"}, {"start": "00:12:50", "end": "00:12:55", "text": "promise more than that which by the way"}, {"start": "00:12:52", "end": "00:12:58", "text": "he kind of did when he offered that 9%"}, {"start": "00:12:55", "end": "00:13:00", "text": "uh uh preferred stock uh I don't know if"}, {"start": "00:12:58", "end": "00:13:03", "text": "it happened but he was speaking about it"}, {"start": "00:13:00", "end": "00:13:06", "text": "but as long as he does not offer"}, {"start": "00:13:03", "end": "00:13:07", "text": "anything more than ETH yield provides"}, {"start": "00:13:06", "end": "00:13:09", "text": "fantastic of course ETH yield is"}, {"start": "00:13:07", "end": "00:13:11", "text": "denominated in ETH it could it could"}, {"start": "00:13:09", "end": "00:13:13", "text": "also go up I mean if ETH pumps then the"}, {"start": "00:13:11", "end": "00:13:14", "text": "yield is also going to anyway we're"}, {"start": "00:13:13", "end": "00:13:16", "text": "going to see we're going to see what's"}, {"start": "00:13:14", "end": "00:13:17", "text": "going to happen but Tomly more or less"}, {"start": "00:13:16", "end": "00:13:20", "text": "is in a better position and it would be"}, {"start": "00:13:17", "end": "00:13:22", "text": "crazy if Tom Lee survives longer than"}, {"start": "00:13:20", "end": "00:13:24", "text": "than Sailor. He has he has a better"}, {"start": "00:13:22", "end": "00:13:28", "text": "fundamental uh because of staking. So"}, {"start": "00:13:24", "end": "00:13:31", "text": "all in all S&P Trump pump and dump we"}, {"start": "00:13:28", "end": "00:13:33", "text": "discussed that with SpaceX. Let's see if"}, {"start": "00:13:31", "end": "00:13:35", "text": "it's the the final uh pop of the bubble."}, {"start": "00:13:33", "end": "00:13:37", "text": "But you know our strategy is not really"}, {"start": "00:13:35", "end": "00:13:38", "text": "discussing that too much because we just"}, {"start": "00:13:37", "end": "00:13:40", "text": "look at the trend. I mean if it's the"}, {"start": "00:13:38", "end": "00:13:42", "text": "pop of the bubble, we're going to see"}, {"start": "00:13:40", "end": "00:13:43", "text": "that S&P goes into bare trend. We're"}, {"start": "00:13:42", "end": "00:13:44", "text": "going to see NASDAQ going into bare"}, {"start": "00:13:43", "end": "00:13:46", "text": "trend. We're going to see everything"}, {"start": "00:13:44", "end": "00:13:48", "text": "collapse basically and we're going to"}, {"start": "00:13:46", "end": "00:13:50", "text": "get the memo before it goes to zero."}, {"start": "00:13:48", "end": "00:13:53", "text": "Okay, for example, for NASDAQ, the bare"}, {"start": "00:13:50", "end": "00:13:55", "text": "trend starts at 682. Okay, and it's not"}, {"start": "00:13:53", "end": "00:13:57", "text": "that far away. Okay, it's not that far"}, {"start": "00:13:55", "end": "00:14:00", "text": "away. It's higher than uh, you know,"}, {"start": "00:13:57", "end": "00:14:01", "text": "January uh highs here. Uh, way higher"}, {"start": "00:14:00", "end": "00:14:04", "text": "than the lows here. So, we're going to"}, {"start": "00:14:01", "end": "00:14:06", "text": "get the memo in NASDAQ. Even if AI is a"}, {"start": "00:14:04", "end": "00:14:07", "text": "bubble, it's not sustainable. Uh, okay,"}, {"start": "00:14:06", "end": "00:14:09", "text": "perfect. We we're going to be out of"}, {"start": "00:14:07", "end": "00:14:12", "text": "this. No, no problem. Uh, the same thing"}, {"start": "00:14:09", "end": "00:14:14", "text": "with S&P. Uh the the bare flip here is"}, {"start": "00:14:12", "end": "00:14:16", "text": "like the price that was in April, end of"}, {"start": "00:14:14", "end": "00:14:18", "text": "April. So this is the best thing with"}, {"start": "00:14:16", "end": "00:14:19", "text": "the bullmania system. And by the way,"}, {"start": "00:14:18", "end": "00:14:21", "text": "you have this on all assets in bulmania."}, {"start": "00:14:19", "end": "00:14:22", "text": "It's on all assets whether it's crypto,"}, {"start": "00:14:21", "end": "00:14:24", "text": "whether it's stocks in real time. You"}, {"start": "00:14:22", "end": "00:14:26", "text": "see what flips bullish, what flips"}, {"start": "00:14:24", "end": "00:14:28", "text": "bearish, you get alerted. Uh it's"}, {"start": "00:14:26", "end": "00:14:30", "text": "fantastic. It's in stocks, it's in"}, {"start": "00:14:28", "end": "00:14:32", "text": "crypto, in commodities, it's in ETF. You"}, {"start": "00:14:30", "end": "00:14:34", "text": "see how this system ensures that no"}, {"start": "00:14:32", "end": "00:14:36", "text": "matter what happens, you're good. You're"}, {"start": "00:14:34", "end": "00:14:38", "text": "good. So many people debate, oh, what's"}, {"start": "00:14:36", "end": "00:14:41", "text": "going to happen with AI? Is it going to"}, {"start": "00:14:38", "end": "00:14:42", "text": "be bubble? Not B. Listen, may maybe not."}, {"start": "00:14:41", "end": "00:14:44", "text": "We don't care. I mean, actually, for us,"}, {"start": "00:14:42", "end": "00:14:46", "text": "it's it's it's irrelevant. It's more or"}, {"start": "00:14:44", "end": "00:14:47", "text": "less irrelevant because the strategy"}, {"start": "00:14:46", "end": "00:14:49", "text": "takes care of all of that. All of that."}, {"start": "00:14:47", "end": "00:14:52", "text": "And that's the best thing with uh with"}, {"start": "00:14:49", "end": "00:14:53", "text": "being part of Bulmania. You have this uh"}, {"start": "00:14:52", "end": "00:14:55", "text": "tool with the money scanner and the"}, {"start": "00:14:53", "end": "00:14:57", "text": "money line. So, you know everything in"}, {"start": "00:14:55", "end": "00:15:00", "text": "real time. What what flips in real time,"}, {"start": "00:14:57", "end": "00:15:03", "text": "you're alerted. You're never a pleb that"}, {"start": "00:15:00", "end": "00:15:05", "text": "is surprised. Oh, how did it dump 90%,"}, {"start": "00:15:03", "end": "00:15:07", "text": "my dear shitcoin? How it dumped so much?"}, {"start": "00:15:05", "end": "00:15:10", "text": "Yeah, now you know. Now you know. So,"}, {"start": "00:15:07", "end": "00:15:12", "text": "um, look here. Uh speaking about stocks"}, {"start": "00:15:10", "end": "00:15:13", "text": "with backpack you can you can trade all"}, {"start": "00:15:12", "end": "00:15:16", "text": "of these different stocks also by the"}, {"start": "00:15:13", "end": "00:15:18", "text": "way on Salana. Uh so more and more stuff"}, {"start": "00:15:16", "end": "00:15:20", "text": "happening on soul when it comes to"}, {"start": "00:15:18", "end": "00:15:22", "text": "stocks a bit of bullish soul. Uh now"}, {"start": "00:15:20", "end": "00:15:24", "text": "when it comes to butana by the way uh is"}, {"start": "00:15:22", "end": "00:15:27", "text": "bullish fundamentally but pumpamentally"}, {"start": "00:15:24", "end": "00:15:30", "text": "sana is very bad is going"}, {"start": "00:15:27", "end": "00:15:32", "text": "to 30 potentially. Let's see if it can"}, {"start": "00:15:30", "end": "00:15:34", "text": "get here but it broke down support is"}, {"start": "00:15:32", "end": "00:15:35", "text": "going yeah here we're going to be buying"}, {"start": "00:15:34", "end": "00:15:37", "text": "heavily. If it goes near 30 we're going"}, {"start": "00:15:35", "end": "00:15:38", "text": "to be buying heavily or if it goes to"}, {"start": "00:15:37", "end": "00:15:40", "text": "bull trend. Either either one of them."}, {"start": "00:15:38", "end": "00:15:42", "text": "Whatever happens first it either goes to"}, {"start": "00:15:40", "end": "00:15:44", "text": "30 and we buy here because it's"}, {"start": "00:15:42", "end": "00:15:46", "text": "ridiculously cheap then or it goes to"}, {"start": "00:15:44", "end": "00:15:47", "text": "bull trend we also buy here then if it"}, {"start": "00:15:46", "end": "00:15:50", "text": "goes whatever happens first as you can"}, {"start": "00:15:47", "end": "00:15:52", "text": "see we I mean that's why it is you see"}, {"start": "00:15:50", "end": "00:15:54", "text": "how great it is I don't care what's"}, {"start": "00:15:52", "end": "00:15:56", "text": "going to happen to Sana if it goes to 30"}, {"start": "00:15:54", "end": "00:15:58", "text": "good plan if it goes to bull trend is"}, {"start": "00:15:56", "end": "00:16:01", "text": "we're going to be buying at 99 and it"}, {"start": "00:15:58", "end": "00:16:05", "text": "went bare all the way here at like 200"}, {"start": "00:16:01", "end": "00:16:08", "text": "okay you see amazing amazing now in"}, {"start": "00:16:05", "end": "00:16:12", "text": "terms of uh uh other stuff let show you"}, {"start": "00:16:08", "end": "00:16:16", "text": "this. Coinbase is now connecting your"}, {"start": "00:16:12", "end": "00:16:18", "text": "account to AI to AI. I mean, this one is"}, {"start": "00:16:16", "end": "00:16:20", "text": "quite interesting. It's also for the"}, {"start": "00:16:18", "end": "00:16:21", "text": "average Pleba, it's very dangerous."}, {"start": "00:16:20", "end": "00:16:25", "text": "Okay, it's very dangerous. So, let me"}, {"start": "00:16:21", "end": "00:16:27", "text": "show you this clip of Brian Armstrong"}, {"start": "00:16:25", "end": "00:16:28", "text": "doing some AI demo. Let me actually go"}, {"start": "00:16:27", "end": "00:16:31", "text": "full screen for Brian. For Brian, we'll"}, {"start": "00:16:28", "end": "00:16:32", "text": "go full screen like this and we see what"}, {"start": "00:16:31", "end": "00:16:34", "text": "all he he does here. I will skip the"}, {"start": "00:16:32", "end": "00:16:35", "text": "first minute because he's just like"}, {"start": "00:16:34", "end": "00:16:37", "text": "setting up all of the environment. But"}, {"start": "00:16:35", "end": "00:16:40", "text": "basically here he shows that you log"}, {"start": "00:16:37", "end": "00:16:43", "text": "into your Coinbase and you can let AI"}, {"start": "00:16:40", "end": "00:16:44", "text": "lose on your Coinbase with cloud code."}, {"start": "00:16:43", "end": "00:16:45", "text": "So let me"}, {"start": "00:16:44", "end": "00:16:47", "text": ">> you'll know it's working um when you can"}, {"start": "00:16:45", "end": "00:16:50", "text": "for instance get the Bitcoin price right"}, {"start": "00:16:47", "end": "00:16:52", "text": "on the command line 62,000. So let's see"}, {"start": "00:16:50", "end": "00:16:53", "text": "what this looks like inside Cloud. I'm"}, {"start": "00:16:52", "end": "00:16:55", "text": "going to fire up um CD code which is our"}, {"start": "00:16:53", "end": "00:16:56", "text": "wrapper around Claude and let's give it"}, {"start": "00:16:55", "end": "00:16:58", "text": "a let's give it a more difficult task"}, {"start": "00:16:56", "end": "00:17:01", "text": "here. So let's say look up the top three"}, {"start": "00:16:58", "end": "00:17:04", "text": "protocols on base by TBL that have a"}, {"start": "00:17:01", "end": "00:17:06", "text": "network token. uh create a buy order for"}, {"start": "00:17:04", "end": "00:17:09", "text": "$10 for each of them and set a"}, {"start": "00:17:06", "end": "00:17:10", "text": "takeprofit of plus 7%. I'll just say use"}, {"start": "00:17:09", "end": "00:17:11", "text": "Coinbase CLI to make sure it knows what"}, {"start": "00:17:10", "end": "00:17:12", "text": "I'm talking about here, but if it"}, {"start": "00:17:11", "end": "00:17:13", "text": "already has that in its context, it"}, {"start": "00:17:12", "end": "00:17:14", "text": "should know to do the right thing. So,"}, {"start": "00:17:13", "end": "00:17:15", "text": "it's going to go think about that for a"}, {"start": "00:17:14", "end": "00:17:16", "text": "little bit. Uh while it's doing that,"}, {"start": "00:17:15", "end": "00:17:18", "text": "I'll just show you some other features"}, {"start": "00:17:16", "end": "00:17:19", "text": "of the the CLI itself. So, for instance,"}, {"start": "00:17:18", "end": "00:17:20", "text": "you can spin up this uh products and"}, {"start": "00:17:19", "end": "00:17:21", "text": "tickers and with the watch command and"}, {"start": "00:17:20", "end": "00:17:22", "text": "just kind of keep an eye on whatever"}, {"start": "00:17:21", "end": "00:17:24", "text": "assets that you want to track if you're"}, {"start": "00:17:22", "end": "00:17:25", "text": "into that. And if you want to look up a"}, {"start": "00:17:24", "end": "00:17:26", "text": "specific orderbook, um there's a nice"}, {"start": "00:17:25", "end": "00:17:27", "text": "command line interface for that too"}, {"start": "00:17:26", "end": "00:17:28", "text": "which rapidly updates here. All right,"}, {"start": "00:17:27", "end": "00:17:29", "text": "so let's go back and check on cloud"}, {"start": "00:17:28", "end": "00:17:31", "text": "code. See how it did. It went for arrow,"}, {"start": "00:17:29", "end": "00:17:32", "text": "morph. Those will be the top three on"}, {"start": "00:17:31", "end": "00:17:34", "text": "base and it added a take profit as well"}, {"start": "00:17:32", "end": "00:17:35", "text": "at plus 7%. And you can actually see"}, {"start": "00:17:34", "end": "00:17:37", "text": "these show up in the order list over"}, {"start": "00:17:35", "end": "00:17:38", "text": "here these sell orders. So pretty cool."}, {"start": "00:17:37", "end": "00:17:39", "text": "Give it a shot. Let us know what you"}, {"start": "00:17:38", "end": "00:17:41", "text": "think and try connecting to your account"}, {"start": "00:17:39", "end": "00:17:44", "text": "with your favorite AI agent. Yeah. I"}, {"start": "00:17:41", "end": "00:17:46", "text": "mean all in all if you are techsavvy and"}, {"start": "00:17:44", "end": "00:17:49", "text": "you know and you know uh the limitations"}, {"start": "00:17:46", "end": "00:17:51", "text": "of AI this could be pretty cool if"}, {"start": "00:17:49", "end": "00:17:52", "text": "you're techsavvy. Now the problem is"}, {"start": "00:17:51", "end": "00:17:55", "text": "most people what's going to happen?"}, {"start": "00:17:52", "end": "00:17:57", "text": "They're gonna give their key to uh cloud"}, {"start": "00:17:55", "end": "00:17:59", "text": "code. Then they're gonna click some kind"}, {"start": "00:17:57", "end": "00:18:01", "text": "of link or they're gonna install run"}, {"start": "00:17:59", "end": "00:18:03", "text": "some kind of command that basically"}, {"start": "00:18:01", "end": "00:18:05", "text": "takes their key. Okay? Because in CL,"}, {"start": "00:18:03", "end": "00:18:07", "text": "you know how people nontechnical people"}, {"start": "00:18:05", "end": "00:18:09", "text": "using AI, they just copy paste a bunch"}, {"start": "00:18:07", "end": "00:18:11", "text": "of crap online. They follow some guide,"}, {"start": "00:18:09", "end": "00:18:13", "text": "paste this into your AI agent is going"}, {"start": "00:18:11", "end": "00:18:14", "text": "to do magic for you. They paste it, it"}, {"start": "00:18:13", "end": "00:18:16", "text": "steals your freaking key, okay? It seals"}, {"start": "00:18:14", "end": "00:18:20", "text": "your key that you gave to AI from from"}, {"start": "00:18:16", "end": "00:18:23", "text": "Coinbase or with uh prompt injections."}, {"start": "00:18:20", "end": "00:18:24", "text": "Man, it can happen easily. So uh be a"}, {"start": "00:18:23", "end": "00:18:26", "text": "bit careful here with this AS stuff. I"}, {"start": "00:18:24", "end": "00:18:29", "text": "mean obviously it's very nice if you're"}, {"start": "00:18:26", "end": "00:18:31", "text": "technical and you know how this uh you"}, {"start": "00:18:29", "end": "00:18:32", "text": "use cloud every day is fant I mean this"}, {"start": "00:18:31", "end": "00:18:34", "text": "can be quite uh fantastic you know to"}, {"start": "00:18:32", "end": "00:18:37", "text": "just chat with it and say hey by the way"}, {"start": "00:18:34", "end": "00:18:39", "text": "set up a buy order with take profit. I"}, {"start": "00:18:37", "end": "00:18:43", "text": "mean obviously it's it's very nice. It's"}, {"start": "00:18:39", "end": "00:18:44", "text": "very nice but uh for average that don't"}, {"start": "00:18:43", "end": "00:18:46", "text": "know limitation doesn't know it's going"}, {"start": "00:18:44", "end": "00:18:49", "text": "to be very dangerous. Okay, look here"}, {"start": "00:18:46", "end": "00:18:52", "text": "guys. uh BNB CZ they also want to be"}, {"start": "00:18:49", "end": "00:18:56", "text": "part of this you know onchain um stock"}, {"start": "00:18:52", "end": "00:18:58", "text": "trading and they also do now B stocks"}, {"start": "00:18:56", "end": "00:19:00", "text": "okay it's going to be 247 trading of"}, {"start": "00:18:58", "end": "00:19:03", "text": "token I secure I mean it's always"}, {"start": "00:19:00", "end": "00:19:05", "text": "becoming funny now it's you know there"}, {"start": "00:19:03", "end": "00:19:08", "text": "was hyperlid they did aster I don't know"}, {"start": "00:19:05", "end": "00:19:10", "text": "what happened to Aster it went to zero"}, {"start": "00:19:08", "end": "00:19:11", "text": "now with backpack everything on Solana"}, {"start": "00:19:10", "end": "00:19:14", "text": "happening with stocks hyperlquid also"}, {"start": "00:19:11", "end": "00:19:19", "text": "has stocks now they do bto"}, {"start": "00:19:14", "end": "00:19:22", "text": "bto Okay, with 24/7 tracing of tokenized"}, {"start": "00:19:19", "end": "00:19:24", "text": "US securities, it's like temo, you know,"}, {"start": "00:19:22", "end": "00:19:26", "text": "you get the you have hyperlquid and then"}, {"start": "00:19:24", "end": "00:19:29", "text": "you have hyperlquid from temo from uh"}, {"start": "00:19:26", "end": "00:19:30", "text": "Binance chain. You have Sana backpack,"}, {"start": "00:19:29", "end": "00:19:33", "text": "you have hyperlquid and then you have"}, {"start": "00:19:30", "end": "00:19:35", "text": "temo one from Binance chain. So anyway,"}, {"start": "00:19:33", "end": "00:19:39", "text": "Btos, let me know if you have used it."}, {"start": "00:19:35", "end": "00:19:41", "text": "Uh yeah, I don't know guys there."}, {"start": "00:19:39", "end": "00:19:43", "text": "Listen, I love CZ. I love Binance as a"}, {"start": "00:19:41", "end": "00:19:46", "text": "you know as a story what they've been"}, {"start": "00:19:43", "end": "00:19:48", "text": "doing from zero they became so big and"}, {"start": "00:19:46", "end": "00:19:50", "text": "uh really enabled a lot of the altcoin"}, {"start": "00:19:48", "end": "00:19:54", "text": "seasons in the past or obviously many"}, {"start": "00:19:50", "end": "00:19:57", "text": "dark sides also but at the same time who"}, {"start": "00:19:54", "end": "00:19:59", "text": "is the strategy person of BNB because"}, {"start": "00:19:57", "end": "00:20:02", "text": "something is lacking here something is"}, {"start": "00:19:59", "end": "00:20:03", "text": "lacking they're not innovating they're"}, {"start": "00:20:02", "end": "00:20:05", "text": "not doing stuff that they did with"}, {"start": "00:20:03", "end": "00:20:07", "text": "Binance they actually change because you"}, {"start": "00:20:05", "end": "00:20:09", "text": "know Binance exchange it was quite"}, {"start": "00:20:07", "end": "00:20:11", "text": "innovative when they did that with uh"}, {"start": "00:20:09", "end": "00:20:14", "text": "only having stable coins so they don't"}, {"start": "00:20:11", "end": "00:20:16", "text": "need to deal with like uh fiat which"}, {"start": "00:20:14", "end": "00:20:18", "text": "enable them to run very fast and not be"}, {"start": "00:20:16", "end": "00:20:20", "text": "super regulated in the beginning. I mean"}, {"start": "00:20:18", "end": "00:20:22", "text": "they they actually use their brain a lot"}, {"start": "00:20:20", "end": "00:20:25", "text": "with BNB chain. It feels that some they"}, {"start": "00:20:22", "end": "00:20:27", "text": "gave it to some mid guy mid guy to"}, {"start": "00:20:25", "end": "00:20:29", "text": "manage it to like maintain it or"}, {"start": "00:20:27", "end": "00:20:32", "text": "something and he's just copying what he"}, {"start": "00:20:29", "end": "00:20:34", "text": "sees. Okay. He's not thinking too much."}, {"start": "00:20:32", "end": "00:20:37", "text": "Okay. Stocks. Let's do BTO. Okay. Uh"}, {"start": "00:20:34", "end": "00:20:40", "text": "Hyper. Let's do Aster. Do Aster. Now"}, {"start": "00:20:37", "end": "00:20:42", "text": "they do BTO. Why not do it in Aster? I"}, {"start": "00:20:40", "end": "00:20:44", "text": "don't know. It's uh it's it's weird."}, {"start": "00:20:42", "end": "00:20:46", "text": "It's a bit weird to me. But uh good"}, {"start": "00:20:44", "end": "00:20:47", "text": "luck. Good luck. Good luck guys. Let's"}, {"start": "00:20:46", "end": "00:20:49", "text": "check stretch. What's happening with"}, {"start": "00:20:47", "end": "00:20:52", "text": "Stretch? Will they Today's the last day"}, {"start": "00:20:49", "end": "00:20:54", "text": "for sailors to uh to raise money via"}, {"start": "00:20:52", "end": "00:20:57", "text": "Stretch"}, {"start": "00:20:54", "end": "00:20:59", "text": "uh for this month. For this month, um"}, {"start": "00:20:57", "end": "00:21:01", "text": "let's see"}, {"start": "00:20:59", "end": "00:21:05", "text": "why it's not clicking. Click. There you"}, {"start": "00:21:01", "end": "00:21:08", "text": "go. And he will fail. He will fail"}, {"start": "00:21:05", "end": "00:21:12", "text": "raising money because it is the last day"}, {"start": "00:21:08", "end": "00:21:16", "text": "before the X dividend day."}, {"start": "00:21:12", "end": "00:21:19", "text": "And X dividend day is on Monday. So"}, {"start": "00:21:16", "end": "00:21:23", "text": "today is Friday is the last day to raise"}, {"start": "00:21:19", "end": "00:21:28", "text": "but he can only raise above 100 and it"}, {"start": "00:21:23", "end": "00:21:31", "text": "is still 96. So he will not be able to"}, {"start": "00:21:28", "end": "00:21:33", "text": "raise. There you go. Let's see. I also"}, {"start": "00:21:31", "end": "00:21:34", "text": "think it's good. Uh it's good not"}, {"start": "00:21:33", "end": "00:21:37", "text": "because I'm against Mike Treasure but"}, {"start": "00:21:34", "end": "00:21:39", "text": "because we need to remove the magic."}, {"start": "00:21:37", "end": "00:21:42", "text": "Okay. It's not like it's an infinite"}, {"start": "00:21:39", "end": "00:21:45", "text": "money machine that always sells. Stretch"}, {"start": "00:21:42", "end": "00:21:46", "text": "it. It's a more or less it's a debt"}, {"start": "00:21:45", "end": "00:21:47", "text": "offering. It's not technically that is"}, {"start": "00:21:46", "end": "00:21:50", "text": "preferred stock. I know I know you have"}, {"start": "00:21:47", "end": "00:21:51", "text": "to write I know it's preferred stock but"}, {"start": "00:21:50", "end": "00:21:53", "text": "more or less kind of like that because"}, {"start": "00:21:51", "end": "00:21:55", "text": "if he stops paying dividend this thing"}, {"start": "00:21:53", "end": "00:21:57", "text": "is going to collapse very fast and if it"}, {"start": "00:21:55", "end": "00:21:58", "text": "collapses it's going to be very bad for"}, {"start": "00:21:57", "end": "00:22:00", "text": "micro strategy. All of the plebas"}, {"start": "00:21:58", "end": "00:22:01", "text": "retails that bought it thinking that"}, {"start": "00:22:00", "end": "00:22:04", "text": "it's like your pension you put your"}, {"start": "00:22:01", "end": "00:22:06", "text": "pension because Michael seller has been"}, {"start": "00:22:04", "end": "00:22:09", "text": "doing AI ads that you just put your"}, {"start": "00:22:06", "end": "00:22:11", "text": "money here you get 10%. man, if they"}, {"start": "00:22:09", "end": "00:22:12", "text": "stop paying 10%, not only is the 10%"}, {"start": "00:22:11", "end": "00:22:15", "text": "going to stop coming, you will also not"}, {"start": "00:22:12", "end": "00:22:17", "text": "get your money back. Uh, a lot of money"}, {"start": "00:22:15", "end": "00:22:19", "text": "here because it's not like a redeemable"}, {"start": "00:22:17", "end": "00:22:20", "text": "uh debt uh, you know, that you redeem"}, {"start": "00:22:19", "end": "00:22:22", "text": "your principle. It's a stock meaning"}, {"start": "00:22:20", "end": "00:22:24", "text": "that someone has to buy it from you for"}, {"start": "00:22:22", "end": "00:22:26", "text": "100 bucks that you paid for it and it's"}, {"start": "00:22:24", "end": "00:22:28", "text": "just supply demand. And why would people"}, {"start": "00:22:26", "end": "00:22:30", "text": "why would someone buy it for you for 100"}, {"start": "00:22:28", "end": "00:22:32", "text": "like no one can even they cannot even"}, {"start": "00:22:30", "end": "00:22:35", "text": "get to 100 now when they pay dividend."}, {"start": "00:22:32", "end": "00:22:37", "text": "Okay, so it's going to be I I'm just"}, {"start": "00:22:35", "end": "00:22:39", "text": "fascinated. Just this like I told you,"}, {"start": "00:22:37", "end": "00:22:41", "text": "it's kind of being in, you know, in some"}, {"start": "00:22:39", "end": "00:22:43", "text": "circus. Do you see some acrobat doing"}, {"start": "00:22:41", "end": "00:22:45", "text": "crazy things in the ceiling? You're"}, {"start": "00:22:43", "end": "00:22:46", "text": "like, man, how the hell he's going to"}, {"start": "00:22:45", "end": "00:22:48", "text": "get out of here? I don't know. That's"}, {"start": "00:22:46", "end": "00:22:51", "text": "I'm seeing sailor like an acrobat. He's"}, {"start": "00:22:48", "end": "00:22:53", "text": "doing some acrobatic stuff. And then all"}, {"start": "00:22:51", "end": "00:22:55", "text": "of the plebe who's given him money for"}, {"start": "00:22:53", "end": "00:22:57", "text": "the the yield, they're also kind of part"}, {"start": "00:22:55", "end": "00:22:59", "text": "of it. They're they are being divided in"}, {"start": "00:22:57", "end": "00:23:01", "text": "half like this magic trick, you know? Uh"}, {"start": "00:22:59", "end": "00:23:03", "text": "you have the guy, he divides a woman in"}, {"start": "00:23:01", "end": "00:23:05", "text": "half. Okay, this kind of the pleb who is"}, {"start": "00:23:03", "end": "00:23:09", "text": "in the in the sailor like your net worth"}, {"start": "00:23:05", "end": "00:23:11", "text": "is kind of getting divided in half uh"}, {"start": "00:23:09", "end": "00:23:12", "text": "because if he stops paying dividend it"}, {"start": "00:23:11", "end": "00:23:14", "text": "wouldn't surprise me if this stretch"}, {"start": "00:23:12", "end": "00:23:17", "text": "falls to maybe 60 I mean maybe 50 who"}, {"start": "00:23:14", "end": "00:23:21", "text": "hell knows it needs to it will fall to"}, {"start": "00:23:17", "end": "00:23:23", "text": "the value without the dividend which is"}, {"start": "00:23:21", "end": "00:23:25", "text": "like micro strategy stock so you can try"}, {"start": "00:23:23", "end": "00:23:27", "text": "to calculate how much that would be but"}, {"start": "00:23:25", "end": "00:23:29", "text": "anyway so it's a it's a big magic show"}, {"start": "00:23:27", "end": "00:23:32", "text": "very interesting magic show maybe this"}, {"start": "00:23:29", "end": "00:23:34", "text": "has to unravel before the next bull this"}, {"start": "00:23:32", "end": "00:23:35", "text": "stretch thing maybe maybe potentially"}, {"start": "00:23:34", "end": "00:23:38", "text": "let's see guys let's see what's going to"}, {"start": "00:23:35", "end": "00:23:42", "text": "happen on this note on this note let's"}, {"start": "00:23:38", "end": "00:23:44", "text": "go to Q&A questions answers debates"}, {"start": "00:23:42", "end": "00:23:45", "text": "discussions let's go as soon as possible"}, {"start": "00:23:44", "end": "00:23:47", "text": "big shout out to Guzman for time"}, {"start": "00:23:45", "end": "00:23:49", "text": "slapping us today and by the way guys"}, {"start": "00:23:47", "end": "00:23:50", "text": "how how's the mic today we did see a bit"}, {"start": "00:23:49", "end": "00:23:53", "text": "of potato mic I don't know what I"}, {"start": "00:23:50", "end": "00:23:57", "text": "clicked here but today is it smooth"}, {"start": "00:23:53", "end": "00:24:01", "text": "butter battery smooth let me know"}, {"start": "00:23:57", "end": "00:24:03", "text": "I I'm not a person for for a sound uh"}, {"start": "00:24:01", "end": "00:24:05", "text": "technician But um let me know if you can"}, {"start": "00:24:03", "end": "00:24:08", "text": "hear me. Check. Check. I mean, you're"}, {"start": "00:24:05", "end": "00:24:08", "text": "here, so it must be working."}, {"start": "00:24:11", "end": "00:24:15", "text": "Do you think there will be a new meme"}, {"start": "00:24:13", "end": "00:24:17", "text": "cycle? Very possible. Very possible. I I"}, {"start": "00:24:15", "end": "00:24:19", "text": "mean, the the answer is I don't know."}, {"start": "00:24:17", "end": "00:24:21", "text": "It's not relevant to the analysis for"}, {"start": "00:24:19", "end": "00:24:22", "text": "me. I mean, for me, I I don't care if it"}, {"start": "00:24:21", "end": "00:24:24", "text": "happens. If it doesn't happen, like I"}, {"start": "00:24:22", "end": "00:24:26", "text": "couldn't care less. But if it happens,"}, {"start": "00:24:24", "end": "00:24:28", "text": "we will see on the trends. We're gonna"}, {"start": "00:24:26", "end": "00:24:30", "text": "see all these memes pop up pop pop"}, {"start": "00:24:28", "end": "00:24:32", "text": "everywhere. We're gonna see on the money"}, {"start": "00:24:30", "end": "00:24:33", "text": "line if it's bull or bear. If you"}, {"start": "00:24:32", "end": "00:24:35", "text": "depends on why you ask. I mean, if you"}, {"start": "00:24:33", "end": "00:24:38", "text": "ask it because you have something that"}, {"start": "00:24:35", "end": "00:24:39", "text": "Murad told you to buy, you still hodddle"}, {"start": "00:24:38", "end": "00:24:43", "text": "like, you know, popcat or something that"}, {"start": "00:24:39", "end": "00:24:44", "text": "Murad told you to buy. Uh, man, that you"}, {"start": "00:24:43", "end": "00:24:45", "text": "have to be careful with that. You have"}, {"start": "00:24:44", "end": "00:24:48", "text": "to be careful with that. If you have"}, {"start": "00:24:45", "end": "00:24:51", "text": "like all of this wrecked"}, {"start": "00:24:48", "end": "00:24:53", "text": "uh wrecked memes from last cycle, the"}, {"start": "00:24:51", "end": "00:24:55", "text": "chance of them coming back is quite low."}, {"start": "00:24:53", "end": "00:24:57", "text": "I would say it's quite low. Not"}, {"start": "00:24:55", "end": "00:24:59", "text": "impossible, but let's say Popcat. Um,"}, {"start": "00:24:57", "end": "00:25:03", "text": "you I mean you could just wait for it to"}, {"start": "00:24:59", "end": "00:25:05", "text": "go on the bullish bull trend. Um, but"}, {"start": "00:25:03", "end": "00:25:08", "text": "yeah, I mean it kind of goes to alltime"}, {"start": "00:25:05", "end": "00:25:10", "text": "low now. Uh, so uh yeah, be be super"}, {"start": "00:25:08", "end": "00:25:13", "text": "careful here. Uh, I wouldn't touch it at"}, {"start": "00:25:10", "end": "00:25:15", "text": "all. Now, if you ask it because you're"}, {"start": "00:25:13", "end": "00:25:18", "text": "interested to get and buy new stuff,"}, {"start": "00:25:15", "end": "00:25:21", "text": "it's a way better position. But uh uh"}, {"start": "00:25:18", "end": "00:25:23", "text": "don't don't don't uh don't hurry like"}, {"start": "00:25:21", "end": "00:25:25", "text": "don't or her say don't rush it because"}, {"start": "00:25:23", "end": "00:25:27", "text": "we have no signals that memes are going"}, {"start": "00:25:25", "end": "00:25:28", "text": "to come back or something or that"}, {"start": "00:25:27", "end": "00:25:30", "text": "something is going to happen to them."}, {"start": "00:25:28", "end": "00:25:32", "text": "There there's no signal yet and we're"}, {"start": "00:25:30", "end": "00:25:34", "text": "going to see the signal. When we see the"}, {"start": "00:25:32", "end": "00:25:36", "text": "signal, we're going to let you know"}, {"start": "00:25:34", "end": "00:25:38", "text": "there's no signal now. And to to try and"}, {"start": "00:25:36", "end": "00:25:40", "text": "guess, will they come back? Will they"}, {"start": "00:25:38", "end": "00:25:41", "text": "not? It's a waste of time. You're just"}, {"start": "00:25:40", "end": "00:25:43", "text": "wasting your time. So don't ask me know"}, {"start": "00:25:41", "end": "00:25:45", "text": "will they come back? Who the hell knows?"}, {"start": "00:25:43", "end": "00:25:47", "text": "I don't care. I don't even care actually"}, {"start": "00:25:45", "end": "00:25:49", "text": "because whatever will have good bull"}, {"start": "00:25:47", "end": "00:25:51", "text": "trends. We're going to we're going to"}, {"start": "00:25:49", "end": "00:25:53", "text": "see it. We're going to participate. No"}, {"start": "00:25:51", "end": "00:25:55", "text": "matter what it is. No matter what it is."}, {"start": "00:25:53", "end": "00:25:56", "text": "Then maybe you ask because you're"}, {"start": "00:25:55", "end": "00:25:59", "text": "interested in crypto culture, you know,"}, {"start": "00:25:56", "end": "00:26:01", "text": "how this phenomena of memes and bros"}, {"start": "00:25:59", "end": "00:26:03", "text": "coming online and Telegram. Okay, we can"}, {"start": "00:26:01", "end": "00:26:04", "text": "discuss that. But it's disconnected from"}, {"start": "00:26:03", "end": "00:26:06", "text": "making money. It's more for fun. I mean"}, {"start": "00:26:04", "end": "00:26:09", "text": "yes it's obviously interesting topic to"}, {"start": "00:26:06", "end": "00:26:11", "text": "discuss that we went from trading stocks"}, {"start": "00:26:09", "end": "00:26:14", "text": "20 years ago so serious all investing is"}, {"start": "00:26:11", "end": "00:26:16", "text": "super serious to memecoins where it's"}, {"start": "00:26:14", "end": "00:26:17", "text": "just you know chart you you go with your"}, {"start": "00:26:16", "end": "00:26:19", "text": "friends that's that's interesting"}, {"start": "00:26:17", "end": "00:26:20", "text": "discussion but it's disconnected from"}, {"start": "00:26:19", "end": "00:26:23", "text": "whether you're going to make profit or"}, {"start": "00:26:20", "end": "00:26:26", "text": "not is it connected okay what is"}, {"start": "00:26:23", "end": "00:26:28", "text": "connected is the trend if you are in S&P"}, {"start": "00:26:26", "end": "00:26:30", "text": "because Murad told you it's going to go"}, {"start": "00:26:28", "end": "00:26:32", "text": "to trillions I mean you remember his"}, {"start": "00:26:30", "end": "00:26:34", "text": "list you remember his predictions this"}, {"start": "00:26:32", "end": "00:26:37", "text": "thing is bare trend And it's more likely"}, {"start": "00:26:34", "end": "00:26:39", "text": "it goes here and breaks the low than up."}, {"start": "00:26:37", "end": "00:26:40", "text": "But if it goes bull trend, then okay,"}, {"start": "00:26:39", "end": "00:26:42", "text": "then it's a good signal. Then it's a"}, {"start": "00:26:40", "end": "00:26:44", "text": "good signal. Maybe it will have a run"}, {"start": "00:26:42", "end": "00:26:46", "text": "like this. Then it's is different story."}, {"start": "00:26:44", "end": "00:26:47", "text": "It's different story. But now it's bare."}, {"start": "00:26:46", "end": "00:26:49", "text": "See, I mean, you want to enter when it's"}, {"start": "00:26:47", "end": "00:26:50", "text": "bull. See, that's why you have the money"}, {"start": "00:26:49", "end": "00:26:52", "text": "scanner. If you join bullion, you get"}, {"start": "00:26:50", "end": "00:26:54", "text": "the money scanner because here you can"}, {"start": "00:26:52", "end": "00:26:56", "text": "set alert for all of the assets, all of"}, {"start": "00:26:54", "end": "00:26:57", "text": "the cryptos, and you get an email in"}, {"start": "00:26:56", "end": "00:27:00", "text": "case it goes into bull trend because you"}, {"start": "00:26:57", "end": "00:27:02", "text": "see here it went into bull here and then"}, {"start": "00:27:00", "end": "00:27:04", "text": "bam. This is what you want to see. this"}, {"start": "00:27:02", "end": "00:27:06", "text": "and this was like in the middle of the"}, {"start": "00:27:04", "end": "00:27:08", "text": "not in the middle but towards the end of"}, {"start": "00:27:06", "end": "00:27:10", "text": "the bull here it actually picked out"}, {"start": "00:27:08", "end": "00:27:12", "text": "here with everything else but this what"}, {"start": "00:27:10", "end": "00:27:14", "text": "you want this what I mean with bull"}, {"start": "00:27:12", "end": "00:27:15", "text": "trends I don't care if something has"}, {"start": "00:27:14", "end": "00:27:17", "text": "dumped a lot if it's not bull trend is"}, {"start": "00:27:15", "end": "00:27:20", "text": "just less likely to pump bull trend here"}, {"start": "00:27:17", "end": "00:27:22", "text": "for example means instant Valhalla okay"}, {"start": "00:27:20", "end": "00:27:24", "text": "just like instant coffee the same thing"}, {"start": "00:27:22", "end": "00:27:27", "text": "with instant Valhalla this is the power"}, {"start": "00:27:24", "end": "00:27:29", "text": "of the new bull trends okay and some"}, {"start": "00:27:27", "end": "00:27:31", "text": "people say but Ivan it's so cheap now"}, {"start": "00:27:29", "end": "00:27:32", "text": "look at how cheap it is I mean it's it"}, {"start": "00:27:31", "end": "00:27:35", "text": "was cheap here als also in January and"}, {"start": "00:27:32", "end": "00:27:36", "text": "now you wasted 6 months sideways. You"}, {"start": "00:27:35", "end": "00:27:37", "text": "could have been in AI stocks that have"}, {"start": "00:27:36", "end": "00:27:40", "text": "been mooning. You could have been in"}, {"start": "00:27:37", "end": "00:27:41", "text": "Sandis that did a freaking 30x. Now"}, {"start": "00:27:40", "end": "00:27:44", "text": "you're here, you know, with your"}, {"start": "00:27:41", "end": "00:27:46", "text": "pathetic memecoin. You're a grown ass"}, {"start": "00:27:44", "end": "00:27:48", "text": "50-year-old dude, 40-year-old dude."}, {"start": "00:27:46", "end": "00:27:52", "text": "You're like, \"Oh, SPX. It's like it's"}, {"start": "00:27:48", "end": "00:27:56", "text": "like SNP, but it's 6900.\" You get You"}, {"start": "00:27:52", "end": "00:27:58", "text": "get it? It's like"}, {"start": "00:27:56", "end": "00:28:02", "text": "ridiculous."}, {"start": "00:27:58", "end": "00:28:02", "text": "Ridiculous. Ridiculous."}, {"start": "00:28:03", "end": "00:28:07", "text": "That's in general, guys, is the problem"}, {"start": "00:28:04", "end": "00:28:10", "text": "with memes. They're fun. They're fun."}, {"start": "00:28:07", "end": "00:28:13", "text": "But then, okay, is it I mean, remember"}, {"start": "00:28:10", "end": "00:28:15", "text": "what Murat said? He said that this is"}, {"start": "00:28:13", "end": "00:28:19", "text": "going to be like the new S&P. It's like"}, {"start": "00:28:15", "end": "00:28:21", "text": "his highest conviction is this S&P 6900"}, {"start": "00:28:19", "end": "00:28:23", "text": "because it's like online like it's like"}, {"start": "00:28:21", "end": "00:28:25", "text": "S&P, but it's"}, {"start": "00:28:23", "end": "00:28:27", "text": "69, you know, 69, you know. But but also"}, {"start": "00:28:25", "end": "00:28:28", "text": "guys if you've been around if you've"}, {"start": "00:28:27", "end": "00:28:31", "text": "been around you know that joke is fun"}, {"start": "00:28:28", "end": "00:28:33", "text": "today it's not fun tomorrow joke that"}, {"start": "00:28:31", "end": "00:28:38", "text": "your parent makes it's not fun man it's"}, {"start": "00:28:33", "end": "00:28:39", "text": "not fun Gen Z do they like 16 they have"}, {"start": "00:28:38", "end": "00:28:40", "text": "their own thing they have their own"}, {"start": "00:28:39", "end": "00:28:42", "text": "slang I don't even know what else"}, {"start": "00:28:40", "end": "00:28:44", "text": "they're speaking about okay they have"}, {"start": "00:28:42", "end": "00:28:46", "text": "riz you know riz rez like all I don't"}, {"start": "00:28:44", "end": "00:28:48", "text": "even know maybe I'm too old I miss"}, {"start": "00:28:46", "end": "00:28:50", "text": "another switch no they say riz they say"}, {"start": "00:28:48", "end": "00:28:51", "text": "what what what else they say this if you"}, {"start": "00:28:50", "end": "00:28:52", "text": "guys have kids let me know in the"}, {"start": "00:28:51", "end": "00:28:55", "text": "comment section what what they say they"}, {"start": "00:28:52", "end": "00:28:56", "text": "speak in their own thing, you know, for"}, {"start": "00:28:55", "end": "00:28:59", "text": "us boomers to come and that, you know,"}, {"start": "00:28:56", "end": "00:29:01", "text": "69, you know, it's it's also creepy as"}, {"start": "00:28:59", "end": "00:29:04", "text": "hell, man. Creepy as hell. Okay. New"}, {"start": "00:29:01", "end": "00:29:06", "text": "generation of crypto investors coming."}, {"start": "00:29:04", "end": "00:29:09", "text": "We have this ridiculous, you know, 69."}, {"start": "00:29:06", "end": "00:29:12", "text": "Okay. Like, you know, you know, 69."}, {"start": "00:29:09", "end": "00:29:15", "text": "What is it? Oh, yeah. They have 67. 67."}, {"start": "00:29:12", "end": "00:29:15", "text": "Exactly."}, {"start": "00:29:15", "end": "00:29:20", "text": "Hey, we have 69. It's wrong. We have"}, {"start": "00:29:17", "end": "00:29:23", "text": "wrong. We have wrong now. We have the"}, {"start": "00:29:20", "end": "00:29:25", "text": "wrong number. Exactly."}, {"start": "00:29:23", "end": "00:29:29", "text": "Exactly."}, {"start": "00:29:25", "end": "00:29:31", "text": "Correct. Correct. So it's just you know"}, {"start": "00:29:29", "end": "00:29:33", "text": "again is the I I feel sorry for the"}, {"start": "00:29:31", "end": "00:29:35", "text": "average pleb. You see the losses the"}, {"start": "00:29:33", "end": "00:29:37", "text": "average plebbea makes without bulmania."}, {"start": "00:29:35", "end": "00:29:39", "text": "This is the losses and then like they"}, {"start": "00:29:37", "end": "00:29:42", "text": "are in a trance. They thought that S&P"}, {"start": "00:29:39", "end": "00:29:43", "text": "is going to be like bigger than you. You"}, {"start": "00:29:42", "end": "00:29:45", "text": "know Mur was saying I have the highest"}, {"start": "00:29:43", "end": "00:29:47", "text": "conviction it's going to go to billions"}, {"start": "00:29:45", "end": "00:29:48", "text": "tens billions 100 billion. You remember"}, {"start": "00:29:47", "end": "00:29:51", "text": "do you remember? He confirm in the chat"}, {"start": "00:29:48", "end": "00:29:53", "text": "that you remember because he was so like"}, {"start": "00:29:51", "end": "00:29:54", "text": "everyone was so confident this thing is"}, {"start": "00:29:53", "end": "00:29:58", "text": "69,000."}, {"start": "00:29:54", "end": "00:30:00", "text": "It is S&P BY 60. AH LIKE WHAT WHAT ARE"}, {"start": "00:29:58", "end": "00:30:05", "text": "YOU SPEAKING ABOUT NOW looking back at"}, {"start": "00:30:00", "end": "00:30:08", "text": "this zoo this insanity. It's crazy. It's"}, {"start": "00:30:05", "end": "00:30:11", "text": "crazy man. Holy I get I I mean I"}, {"start": "00:30:08", "end": "00:30:16", "text": "get angry guys. I get angry. I get"}, {"start": "00:30:11", "end": "00:30:19", "text": "frustrated. I get uh Holy crap. Yeah."}, {"start": "00:30:16", "end": "00:30:21", "text": "Easy. Then people ask me, Ivan, why you"}, {"start": "00:30:19", "end": "00:30:23", "text": "speak so much about Bulmania? Why? Why"}, {"start": "00:30:21", "end": "00:30:25", "text": "you speak so much about Bulmania? I've"}, {"start": "00:30:23", "end": "00:30:26", "text": "heard enough. No, you have not heard"}, {"start": "00:30:25", "end": "00:30:29", "text": "enough. No, no, no, no. I mean, with"}, {"start": "00:30:26", "end": "00:30:31", "text": "with what I've seen in this industry"}, {"start": "00:30:29", "end": "00:30:34", "text": "year in year out, you have not heard"}, {"start": "00:30:31", "end": "00:30:36", "text": "enough. You need to go to bulma.com,"}, {"start": "00:30:34", "end": "00:30:38", "text": "watch the training about mechanical"}, {"start": "00:30:36", "end": "00:30:40", "text": "rules, join the weight list for your own"}, {"start": "00:30:38", "end": "00:30:42", "text": "I mean for own."}, {"start": "00:30:40", "end": "00:30:46", "text": "You have not heard enough, man. You have"}, {"start": "00:30:42", "end": "00:30:47", "text": "not heard enough. Wow. Oh, I mean maybe"}, {"start": "00:30:46", "end": "00:30:50", "text": "that's why I get so angry, guys. I have"}, {"start": "00:30:47", "end": "00:30:52", "text": "to analyze myself. I get so angry. No,"}, {"start": "00:30:50", "end": "00:30:56", "text": "it's it's"}, {"start": "00:30:52", "end": "00:31:00", "text": "now. Okay, let me let me think positive."}, {"start": "00:30:56", "end": "00:31:02", "text": "Let me think. Positive thinking is that"}, {"start": "00:31:00", "end": "00:31:03", "text": "play is I mean for us guys if you are in"}, {"start": "00:31:02", "end": "00:31:05", "text": "B if you know mechanical rules, you"}, {"start": "00:31:03", "end": "00:31:08", "text": "watch the channel for us is actually"}, {"start": "00:31:05", "end": "00:31:10", "text": "good. Press actually good means that we"}, {"start": "00:31:08", "end": "00:31:12", "text": "have exit liquidity. Okay. I mean, maybe"}, {"start": "00:31:10", "end": "00:31:15", "text": "I I need I need to think like that to be"}, {"start": "00:31:12", "end": "00:31:19", "text": "a bit posit calm down. Calm down. Why"}, {"start": "00:31:15", "end": "00:31:22", "text": "I'm so angry? I don't calm down."}, {"start": "00:31:19", "end": "00:31:25", "text": "The positive thing is that the plebe"}, {"start": "00:31:22", "end": "00:31:27", "text": "is actually good for us. I mean, the"}, {"start": "00:31:25", "end": "00:31:31", "text": "market transfers money for the impatient"}, {"start": "00:31:27", "end": "00:31:34", "text": "plebe to patient plebe from uneducated"}, {"start": "00:31:31", "end": "00:31:36", "text": "pleber to educated pleber from someone"}, {"start": "00:31:34", "end": "00:31:38", "text": "who believes fairy tale different fairy"}, {"start": "00:31:36", "end": "00:31:39", "text": "tale guys. I mean there there are many"}, {"start": "00:31:38", "end": "00:31:42", "text": "fairy tales. There are many fairy tales."}, {"start": "00:31:39", "end": "00:31:43", "text": "People believe in messiahs. Matt, you"}, {"start": "00:31:42", "end": "00:31:46", "text": "still maybe believe in the messiah."}, {"start": "00:31:43", "end": "00:31:48", "text": "Okay. Uh people believe in this, you"}, {"start": "00:31:46", "end": "00:31:49", "text": "know, some there's some S69 thing is"}, {"start": "00:31:48", "end": "00:31:53", "text": "going to go to trillions. People believe"}, {"start": "00:31:49", "end": "00:31:54", "text": "so many things without them. For us, it"}, {"start": "00:31:53", "end": "00:31:56", "text": "would be harder. That's why crypto"}, {"start": "00:31:54", "end": "00:31:58", "text": "really it is like to make money in"}, {"start": "00:31:56", "end": "00:32:01", "text": "crypto relatively it's easy just based"}, {"start": "00:31:58", "end": "00:32:05", "text": "on the plebas participating. If you are"}, {"start": "00:32:01", "end": "00:32:07", "text": "in a pit with freaking no black rock, no"}, {"start": "00:32:05", "end": "00:32:09", "text": "black rock. Imagine you're a gladiator."}, {"start": "00:32:07", "end": "00:32:12", "text": "You you enter there. You have you see"}, {"start": "00:32:09", "end": "00:32:14", "text": "Larry Frink with the latest, you know,"}, {"start": "00:32:12", "end": "00:32:18", "text": "speced out armor. He has a freaking uh"}, {"start": "00:32:14", "end": "00:32:19", "text": "sword, god sword, highest level, highest"}, {"start": "00:32:18", "end": "00:32:21", "text": "trimming. It's very it's very hard."}, {"start": "00:32:19", "end": "00:32:23", "text": "Okay, that's how it is when you trade"}, {"start": "00:32:21", "end": "00:32:25", "text": "many times in the stock markets. You you"}, {"start": "00:32:23", "end": "00:32:27", "text": "you are against the big guys. In crypto,"}, {"start": "00:32:25", "end": "00:32:29", "text": "you come, man. It's like you say like"}, {"start": "00:32:27", "end": "00:32:31", "text": "this children, man. You tell them I'm"}, {"start": "00:32:29", "end": "00:32:32", "text": "never going to sell. Seller says they"}, {"start": "00:32:31", "end": "00:32:34", "text": "believe. They believe. They believe."}, {"start": "00:32:32", "end": "00:32:37", "text": "It's that's why I love from a trading"}, {"start": "00:32:34", "end": "00:32:39", "text": "perspective, guys. Getting rich, getting"}, {"start": "00:32:37", "end": "00:32:41", "text": "big profit. Like my book says, big"}, {"start": "00:32:39", "end": "00:32:43", "text": "profit. Crypto man is the best. It's the"}, {"start": "00:32:41", "end": "00:32:45", "text": "best. And you choose guys, which which"}, {"start": "00:32:43", "end": "00:32:47", "text": "side you're on. Which which side you're"}, {"start": "00:32:45", "end": "00:32:50", "text": "on. I mean, literally in the preface to"}, {"start": "00:32:47", "end": "00:32:54", "text": "the book, you see preface. Okay, good. I"}, {"start": "00:32:50", "end": "00:32:57", "text": "say the same. I say like this. Um uh"}, {"start": "00:32:54", "end": "00:32:58", "text": "what do I say here? between 70% and 90%"}, {"start": "00:32:57", "end": "00:33:00", "text": "people lose money depending on which"}, {"start": "00:32:58", "end": "00:33:02", "text": "stats you read. The industry knows this"}, {"start": "00:33:00", "end": "00:33:04", "text": "and they count on it. I mean they I mean"}, {"start": "00:33:02", "end": "00:33:06", "text": "actually we kind of count on it also"}, {"start": "00:33:04", "end": "00:33:08", "text": "because the profit comes when you know"}, {"start": "00:33:06", "end": "00:33:10", "text": "something that others don't. So your"}, {"start": "00:33:08", "end": "00:33:12", "text": "losses are their revenue. The game is"}, {"start": "00:33:10", "end": "00:33:14", "text": "only rigged if you play it their way. If"}, {"start": "00:33:12", "end": "00:33:17", "text": "you trade on emotional gut feelings on"}, {"start": "00:33:14", "end": "00:33:19", "text": "tips from strangers uh on news"}, {"start": "00:33:17", "end": "00:33:22", "text": "headlines. You listening on news"}, {"start": "00:33:19", "end": "00:33:25", "text": "headlines on fundamental analysis. Do"}, {"start": "00:33:22", "end": "00:33:28", "text": "you listen?"}, {"start": "00:33:25", "end": "00:33:30", "text": "You're gonna get wrecked if you trade on"}, {"start": "00:33:28", "end": "00:33:32", "text": "emotion, gut feeling, news headlines,"}, {"start": "00:33:30", "end": "00:33:33", "text": "fundamental analysis. This is where most"}, {"start": "00:33:32", "end": "00:33:34", "text": "people they're like, Ian, what do you"}, {"start": "00:33:33", "end": "00:33:38", "text": "say? What do you say? Fundamental. I I I"}, {"start": "00:33:34", "end": "00:33:39", "text": "love fundamental. But"}, {"start": "00:33:38", "end": "00:33:42", "text": "everyone loves fundamentals. Still most"}, {"start": "00:33:39", "end": "00:33:44", "text": "people wrecked. Why? Why? Why? Why? So"}, {"start": "00:33:42", "end": "00:33:45", "text": "you ask the average player, he loves"}, {"start": "00:33:44", "end": "00:33:48", "text": "fundamentals. He wants to find the best"}, {"start": "00:33:45", "end": "00:33:49", "text": "fundamentals. So yes, he's right. So"}, {"start": "00:33:48", "end": "00:33:51", "text": "you're probably thinking, wait, what?"}, {"start": "00:33:49", "end": "00:33:52", "text": "How can analyzing fundamentals, sizing"}, {"start": "00:33:51", "end": "00:33:53", "text": "the micro, doing all of the"}, {"start": "00:33:52", "end": "00:33:55", "text": "sophisticated things that smartlooking"}, {"start": "00:33:53", "end": "00:33:57", "text": "traders on television and social media"}, {"start": "00:33:55", "end": "00:33:59", "text": "do be a bad thing? How can it be a bad"}, {"start": "00:33:57", "end": "00:34:00", "text": "thing? I thought that is exactly what"}, {"start": "00:33:59", "end": "00:34:04", "text": "we're supposed to. Anyway, you if you"}, {"start": "00:34:00", "end": "00:34:04", "text": "have the book, you have the book."}, {"start": "00:34:06", "end": "00:34:10", "text": "Okay, let's take some more question and"}, {"start": "00:34:08", "end": "00:34:12", "text": "then we take Friday. And if you're in"}, {"start": "00:34:10", "end": "00:34:14", "text": "Bulmania, you know, in a few hours we"}, {"start": "00:34:12", "end": "00:34:17", "text": "have the private stream with Jason, our"}, {"start": "00:34:14", "end": "00:34:20", "text": "Chinese quantum. And it's going to be"}, {"start": "00:34:17", "end": "00:34:20", "text": "great. It's going to be great."}, {"start": "00:34:21", "end": "00:34:25", "text": "Um,"}, {"start": "00:34:23", "end": "00:34:27", "text": "Ivan, can you check the AMD stock? Let's"}, {"start": "00:34:25", "end": "00:34:29", "text": "check AMD stock. Let's check AMD stock."}, {"start": "00:34:27", "end": "00:34:33", "text": "Now that we're in a calmer state, we can"}, {"start": "00:34:29", "end": "00:34:35", "text": "check in stock. It's bullish. It's uh,"}, {"start": "00:34:33", "end": "00:34:38", "text": "yeah, it's very bullish. Nothing more to"}, {"start": "00:34:35", "end": "00:34:39", "text": "say. Uh, meaning that uh, if you have"}, {"start": "00:34:38", "end": "00:34:41", "text": "it, you can still have it. If you don't"}, {"start": "00:34:39", "end": "00:34:43", "text": "have it, you can add a bit. The problem"}, {"start": "00:34:41", "end": "00:34:44", "text": "is you're not in a new bull trend. I"}, {"start": "00:34:43", "end": "00:34:46", "text": "mean, that's also why, you know, with"}, {"start": "00:34:44", "end": "00:34:47", "text": "the money scanner in Blumen, you get"}, {"start": "00:34:46", "end": "00:34:50", "text": "alert when it's new bull trend. here."}, {"start": "00:34:47", "end": "00:34:52", "text": "This is not new trend. Uh so it's not"}, {"start": "00:34:50", "end": "00:34:55", "text": "the best like possible scenario. But if"}, {"start": "00:34:52", "end": "00:34:58", "text": "you have to choose do I hodddle"}, {"start": "00:34:55", "end": "00:35:00", "text": "avalanche which is going to alltime lows"}, {"start": "00:34:58", "end": "00:35:02", "text": "in a bish or AMD in this case you want"}, {"start": "00:35:00", "end": "00:35:04", "text": "to be in bullish things. So this can"}, {"start": "00:35:02", "end": "00:35:07", "text": "easily continue further. Uh but if it"}, {"start": "00:35:04", "end": "00:35:10", "text": "goes here stop loss at 420. Uh then also"}, {"start": "00:35:07", "end": "00:35:12", "text": "let's look at daily. Daily now starts to"}, {"start": "00:35:10", "end": "00:35:16", "text": "enter a new bare trend. What you could"}, {"start": "00:35:12", "end": "00:35:17", "text": "do, by the way, what you could do is um"}, {"start": "00:35:16", "end": "00:35:20", "text": "if this enters a bare trend on the"}, {"start": "00:35:17", "end": "00:35:22", "text": "daily, just wait for the new bull trend"}, {"start": "00:35:20", "end": "00:35:25", "text": "on the day. So now likely, you see here,"}, {"start": "00:35:22", "end": "00:35:27", "text": "if we don't uh actually today it will"}, {"start": "00:35:25", "end": "00:35:29", "text": "open bare, it will open with a confirmed"}, {"start": "00:35:27", "end": "00:35:30", "text": "bare trend on the daily. So what you"}, {"start": "00:35:29", "end": "00:35:33", "text": "could do to optimize your entry if you"}, {"start": "00:35:30", "end": "00:35:35", "text": "don't have AMD is to just wait for this"}, {"start": "00:35:33", "end": "00:35:37", "text": "thing to enter a new bull trend. So"}, {"start": "00:35:35", "end": "00:35:39", "text": "that's uh and uh when is the new bull"}, {"start": "00:35:37", "end": "00:35:41", "text": "trend? We don't see it yet because we"}, {"start": "00:35:39", "end": "00:35:43", "text": "need to open this thing needs to start"}, {"start": "00:35:41", "end": "00:35:44", "text": "trading and then you see when the bull"}, {"start": "00:35:43", "end": "00:35:49", "text": "trend is but this thing is going to open"}, {"start": "00:35:44", "end": "00:35:52", "text": "in bare trend. So the conclusion here is"}, {"start": "00:35:49", "end": "00:35:54", "text": "um that uh is bull trend on the weekly"}, {"start": "00:35:52", "end": "00:35:56", "text": "likely going to continue up likely"}, {"start": "00:35:54", "end": "00:35:58", "text": "doesn't mean certainty which means that"}, {"start": "00:35:56", "end": "00:36:00", "text": "see here daily starts to become bearish"}, {"start": "00:35:58", "end": "00:36:03", "text": "wait for it to become bullish again and"}, {"start": "00:36:00", "end": "00:36:05", "text": "that would be quite a good uh for the"}, {"start": "00:36:03", "end": "00:36:07", "text": "setup here for AMD. Hope that makes"}, {"start": "00:36:05", "end": "00:36:08", "text": "sense in terms of fundamentals. I mean,"}, {"start": "00:36:07", "end": "00:36:11", "text": "who the hell knows? It's AI Fugazi. They"}, {"start": "00:36:08", "end": "00:36:12", "text": "they give loan, they invest in each"}, {"start": "00:36:11", "end": "00:36:14", "text": "other, they give loans to each other."}, {"start": "00:36:12", "end": "00:36:15", "text": "There is probably some revenue happening"}, {"start": "00:36:14", "end": "00:36:17", "text": "somewhere. I mean, they're building"}, {"start": "00:36:15", "end": "00:36:19", "text": "stuff out. They're building stuff out."}, {"start": "00:36:17", "end": "00:36:21", "text": "But I don't even try to understand like"}, {"start": "00:36:19", "end": "00:36:22", "text": "all of the money flows. I just look at"}, {"start": "00:36:21", "end": "00:36:24", "text": "the charts. It's way easier. Everything"}, {"start": "00:36:22", "end": "00:36:27", "text": "is being compressed to the chart, you"}, {"start": "00:36:24", "end": "00:36:30", "text": "know, in math. In math now, guys, as you"}, {"start": "00:36:27", "end": "00:36:32", "text": "know, I myself, you're tr you're truly"}, {"start": "00:36:30", "end": "00:36:34", "text": "highly educated computer scientist. I"}, {"start": "00:36:32", "end": "00:36:36", "text": "don't remember most of this complex math"}, {"start": "00:36:34", "end": "00:36:39", "text": "stuff but I remember that you could like"}, {"start": "00:36:36", "end": "00:36:42", "text": "take a difficult problem it's very many"}, {"start": "00:36:39", "end": "00:36:44", "text": "parameters so difficult problem uh if"}, {"start": "00:36:42", "end": "00:36:45", "text": "you are a do we have a math genius in"}, {"start": "00:36:44", "end": "00:36:47", "text": "the chat can you guys remind me what I"}, {"start": "00:36:45", "end": "00:36:48", "text": "what I learned what what is called what"}, {"start": "00:36:47", "end": "00:36:50", "text": "I learned because I don't remember what"}, {"start": "00:36:48", "end": "00:36:52", "text": "what the thing was even called but you"}, {"start": "00:36:50", "end": "00:36:54", "text": "can reduce you can reduce problem you"}, {"start": "00:36:52", "end": "00:36:57", "text": "can reduce if you're mathematical genius"}, {"start": "00:36:54", "end": "00:36:59", "text": "in the chat let us know explain it to us"}, {"start": "00:36:57", "end": "00:37:02", "text": "a bit uh better but I remember in math"}, {"start": "00:36:59", "end": "00:37:06", "text": "we were having like hard problem any"}, {"start": "00:37:02", "end": "00:37:08", "text": "different uh you know uh parameters and"}, {"start": "00:37:06", "end": "00:37:10", "text": "you could like simplify it you can like"}, {"start": "00:37:08", "end": "00:37:11", "text": "uh project it or what else you did I"}, {"start": "00:37:10", "end": "00:37:14", "text": "don't know but you can like reduce the"}, {"start": "00:37:11", "end": "00:37:16", "text": "crap into a simpler one the same thing"}, {"start": "00:37:14", "end": "00:37:19", "text": "is actually in trading the hard problem"}, {"start": "00:37:16", "end": "00:37:20", "text": "is to analyze okay money flowing they"}, {"start": "00:37:19", "end": "00:37:22", "text": "have revenue here but is it revenue ah"}, {"start": "00:37:20", "end": "00:37:23", "text": "it's not revenue it was just investment"}, {"start": "00:37:22", "end": "00:37:25", "text": "here and it's like fake revenue they're"}, {"start": "00:37:23", "end": "00:37:28", "text": "not actually sending money to each other"}, {"start": "00:37:25", "end": "00:37:30", "text": "they are it's deduction or"}, {"start": "00:37:28", "end": "00:37:32", "text": "but see this is where this is this is"}, {"start": "00:37:30", "end": "00:37:34", "text": "not simple math Okay, this was this like"}, {"start": "00:37:32", "end": "00:37:36", "text": "this was like complex math. Okay, now"}, {"start": "00:37:34", "end": "00:37:38", "text": "depends for for Stephen Hawking it was"}, {"start": "00:37:36", "end": "00:37:40", "text": "still simple. What I did if you are"}, {"start": "00:37:38", "end": "00:37:42", "text": "Stephen Hawking for you it's you can do"}, {"start": "00:37:40", "end": "00:37:45", "text": "it in in the in your head probably on"}, {"start": "00:37:42", "end": "00:37:47", "text": "the toilet. If you are like high school"}, {"start": "00:37:45", "end": "00:37:50", "text": "level math or like you know entry"}, {"start": "00:37:47", "end": "00:37:52", "text": "university uh science math uh what's"}, {"start": "00:37:50", "end": "00:37:54", "text": "called the uh what are the science"}, {"start": "00:37:52", "end": "00:37:56", "text": "subjects what they're called the anyway"}, {"start": "00:37:54", "end": "00:37:58", "text": "the dentist then is hard so it's"}, {"start": "00:37:56", "end": "00:38:01", "text": "somewhere you know towards the the"}, {"start": "00:37:58", "end": "00:38:03", "text": "master level hard okay uh differential"}, {"start": "00:38:01", "end": "00:38:04", "text": "equial"}, {"start": "00:38:03", "end": "00:38:06", "text": "equations yeah some somewhere there"}, {"start": "00:38:04", "end": "00:38:09", "text": "potentially but no this thing I speak"}, {"start": "00:38:06", "end": "00:38:11", "text": "about is not that so with with trading"}, {"start": "00:38:09", "end": "00:38:14", "text": "is the same understanding everything how"}, {"start": "00:38:11", "end": "00:38:15", "text": "the freaking money flow Oh, do they have"}, {"start": "00:38:14", "end": "00:38:17", "text": "revenue? It's fake revenue. Ah, it was"}, {"start": "00:38:15", "end": "00:38:19", "text": "just, you know, revenue booked us"}, {"start": "00:38:17", "end": "00:38:21", "text": "revenue. But did money change hands? No."}, {"start": "00:38:19", "end": "00:38:22", "text": "It was just a promise because we are"}, {"start": "00:38:21", "end": "00:38:24", "text": "invested in the same thing. We're"}, {"start": "00:38:22", "end": "00:38:26", "text": "invested in sh how the hell I'm going to"}, {"start": "00:38:24", "end": "00:38:28", "text": "figure it out it out. I don't know. I"}, {"start": "00:38:26", "end": "00:38:31", "text": "don't know. I don't know. I don't care"}, {"start": "00:38:28", "end": "00:38:34", "text": "either. Okay. I care about the trend"}, {"start": "00:38:31", "end": "00:38:37", "text": "trend. Great trend. Is it bullish? Is it"}, {"start": "00:38:34", "end": "00:38:39", "text": "bearish? What is going on? And by the"}, {"start": "00:38:37", "end": "00:38:42", "text": "way, Intel is the same. It's the same."}, {"start": "00:38:39", "end": "00:38:44", "text": "It's a It's a bare trend. So for intel,"}, {"start": "00:38:42", "end": "00:38:45", "text": "don't touch until it goes to bull trend"}, {"start": "00:38:44", "end": "00:38:47", "text": "on the daily. If you don't have intel,"}, {"start": "00:38:45", "end": "00:38:50", "text": "if you don't have intel, if you have"}, {"start": "00:38:47", "end": "00:38:54", "text": "intel, then just uh relax and take it"}, {"start": "00:38:50", "end": "00:38:55", "text": "easy. Relax, take it easy. Why? Because"}, {"start": "00:38:54", "end": "00:38:58", "text": "it's still bull on the weekly. So if you"}, {"start": "00:38:55", "end": "00:39:01", "text": "have intel, don't worry, be happy. If"}, {"start": "00:38:58", "end": "00:39:02", "text": "you don't have intel, uh don't touch it"}, {"start": "00:39:01", "end": "00:39:04", "text": "yet because potentially you're I mean"}, {"start": "00:39:02", "end": "00:39:06", "text": "your riskreward here is a bit bad"}, {"start": "00:39:04", "end": "00:39:07", "text": "because it's bare trend on the daily."}, {"start": "00:39:06", "end": "00:39:10", "text": "Just wait for the bull flip because you"}, {"start": "00:39:07", "end": "00:39:13", "text": "know likely Valhalla will resume. Okay."}, {"start": "00:39:10", "end": "00:39:15", "text": "Likely Valhalla will resume."}, {"start": "00:39:13", "end": "00:39:18", "text": "That's XRP. B. Exactly. Exact. XRP is"}, {"start": "00:39:15", "end": "00:39:20", "text": "the same. Exactly. Who is using it? Some"}, {"start": "00:39:18", "end": "00:39:23", "text": "bank they say some bank used it. Some"}, {"start": "00:39:20", "end": "00:39:26", "text": "bank promise to use it or integrate it."}, {"start": "00:39:23", "end": "00:39:28", "text": "Guys"}, {"start": "00:39:26", "end": "00:39:30", "text": "forget it for the pleb consumption. For"}, {"start": "00:39:28", "end": "00:39:34", "text": "guys for the mass pleb consumption."}, {"start": "00:39:30", "end": "00:39:37", "text": "Okay. Uh if you have a brain, you know"}, {"start": "00:39:34", "end": "00:39:39", "text": "the mechanical rules."}, {"start": "00:39:37", "end": "00:39:41", "text": "You're you're you're you're you have"}, {"start": "00:39:39", "end": "00:39:45", "text": "transcended the mass uh for gazia for"}, {"start": "00:39:41", "end": "00:39:45", "text": "the pleb. Okay."}, {"start": "00:39:45", "end": "00:39:50", "text": "I met an engineer that works for XRP"}, {"start": "00:39:48", "end": "00:39:52", "text": "legit. Yeah. So see if you are pleber"}, {"start": "00:39:50", "end": "00:39:54", "text": "you have to rely on James statements"}, {"start": "00:39:52", "end": "00:39:58", "text": "here."}, {"start": "00:39:54", "end": "00:40:00", "text": "Uh he he he did improve comedy"}, {"start": "00:39:58", "end": "00:40:03", "text": "the engineer. Okay guys more questions."}, {"start": "00:40:00", "end": "00:40:05", "text": "More questions."}, {"start": "00:40:03", "end": "00:40:06", "text": "Oh damn. Guzman is actually Yeah. So"}, {"start": "00:40:05", "end": "00:40:08", "text": "Guzman is here in the chat. Did you guys"}, {"start": "00:40:06", "end": "00:40:09", "text": "know that? Sometimes people don't think"}, {"start": "00:40:08", "end": "00:40:12", "text": "that Guzman is a real person. Yeah, he's"}, {"start": "00:40:09", "end": "00:40:14", "text": "a real person. Guzman is a real person."}, {"start": "00:40:12", "end": "00:40:17", "text": "Who you thought it is that he's not"}, {"start": "00:40:14", "end": "00:40:17", "text": "real?"}, {"start": "00:40:19", "end": "00:40:23", "text": "I please discuss Zikash post exploit."}, {"start": "00:40:22", "end": "00:40:27", "text": "Think any was printed in the shielded"}, {"start": "00:40:23", "end": "00:40:29", "text": "pool? Uh so it could be but it's it's"}, {"start": "00:40:27", "end": "00:40:32", "text": "also not an issue. Where is Zash? Let me"}, {"start": "00:40:29", "end": "00:40:34", "text": "bring up the chart. So if you look"}, {"start": "00:40:32", "end": "00:40:37", "text": "fundamentally what happened with Zcash"}, {"start": "00:40:34", "end": "00:40:40", "text": "shielded pool potentially got inflated"}, {"start": "00:40:37", "end": "00:40:43", "text": "new Zcash got created. Okay but uh the"}, {"start": "00:40:40", "end": "00:40:46", "text": "Zcash team actually is handling that"}, {"start": "00:40:43", "end": "00:40:49", "text": "quite good u from the perspective of"}, {"start": "00:40:46", "end": "00:40:52", "text": "ensuring that everyone in the world can"}, {"start": "00:40:49", "end": "00:40:55", "text": "double count all the money. Okay. So the"}, {"start": "00:40:52", "end": "00:40:56", "text": "way it's going to be is that they have"}, {"start": "00:40:55", "end": "00:40:58", "text": "the plan at least I don't know if they"}, {"start": "00:40:56", "end": "00:41:00", "text": "have started executing it but the plan"}, {"start": "00:40:58", "end": "00:41:02", "text": "is that this shielded pool that"}, {"start": "00:41:00", "end": "00:41:05", "text": "potentially got wrongly inflated is"}, {"start": "00:41:02", "end": "00:41:08", "text": "going to be frozen. Okay, it's going to"}, {"start": "00:41:05", "end": "00:41:10", "text": "be like stopped. Okay, if you have money"}, {"start": "00:41:08", "end": "00:41:12", "text": "in that pool, you can move it to the new"}, {"start": "00:41:10", "end": "00:41:14", "text": "version like they create a new like a"}, {"start": "00:41:12", "end": "00:41:16", "text": "new pool. Okay, and you can you can just"}, {"start": "00:41:14", "end": "00:41:17", "text": "move over. You can move over. No"}, {"start": "00:41:16", "end": "00:41:20", "text": "problem. Anyone can take their money and"}, {"start": "00:41:17", "end": "00:41:21", "text": "just move over to the new pool."}, {"start": "00:41:20", "end": "00:41:24", "text": "And you know for all you guys who don't"}, {"start": "00:41:21", "end": "00:41:25", "text": "know Zcash what is a pool? Pool is"}, {"start": "00:41:24", "end": "00:41:27", "text": "basically where you have this"}, {"start": "00:41:25", "end": "00:41:28", "text": "confidential transactions. So it's a"}, {"start": "00:41:27", "end": "00:41:30", "text": "it's a system where you have"}, {"start": "00:41:28", "end": "00:41:32", "text": "confidential transactions. So just think"}, {"start": "00:41:30", "end": "00:41:35", "text": "that you know you have one version of"}, {"start": "00:41:32", "end": "00:41:37", "text": "Zcash potentially hyperinflated and then"}, {"start": "00:41:35", "end": "00:41:40", "text": "you can migrate your coins to the new"}, {"start": "00:41:37", "end": "00:41:42", "text": "version. Now you still keep all of the"}, {"start": "00:41:40", "end": "00:41:45", "text": "secrecy. When you migrate secrecy is"}, {"start": "00:41:42", "end": "00:41:48", "text": "kept but the math is checking. So you"}, {"start": "00:41:45", "end": "00:41:50", "text": "don't transfer any hyperinflated coins"}, {"start": "00:41:48", "end": "00:41:53", "text": "like any coins you created as a result"}, {"start": "00:41:50", "end": "00:41:54", "text": "of the bug. Okay. So I think it's a good"}, {"start": "00:41:53", "end": "00:41:58", "text": "solution. You have you have a solution"}, {"start": "00:41:54", "end": "00:42:01", "text": "where the world knows that no fake coins"}, {"start": "00:41:58", "end": "00:42:04", "text": "are able to move. That's number one."}, {"start": "00:42:01", "end": "00:42:06", "text": "Number two, privacy is protected. You"}, {"start": "00:42:04", "end": "00:42:08", "text": "have a clear you know from point A you"}, {"start": "00:42:06", "end": "00:42:11", "text": "take your money to point B and then is"}, {"start": "00:42:08", "end": "00:42:13", "text": "check that you no no coins are passing."}, {"start": "00:42:11", "end": "00:42:15", "text": "So with this situation I think it's the"}, {"start": "00:42:13", "end": "00:42:17", "text": "best possible solution. I don't know any"}, {"start": "00:42:15", "end": "00:42:19", "text": "other solution. Okay, obviously it would"}, {"start": "00:42:17", "end": "00:42:20", "text": "be better if there was no hack but at"}, {"start": "00:42:19", "end": "00:42:22", "text": "the same time there but by the way by"}, {"start": "00:42:20", "end": "00:42:24", "text": "the way there is no hack likely there is"}, {"start": "00:42:22", "end": "00:42:26", "text": "no hack. It is a vulnerability that they"}, {"start": "00:42:24", "end": "00:42:29", "text": "themselves like the Zcash team found"}, {"start": "00:42:26", "end": "00:42:32", "text": "themselves disclosed themselves created"}, {"start": "00:42:29", "end": "00:42:34", "text": "migration themselves and likely there is"}, {"start": "00:42:32", "end": "00:42:36", "text": "a no exploit likely but likely it's not"}, {"start": "00:42:34", "end": "00:42:38", "text": "100%. So that's why they still do the"}, {"start": "00:42:36", "end": "00:42:41", "text": "migration. What would be bad? Here's"}, {"start": "00:42:38", "end": "00:42:42", "text": "what would be bad, which many many many"}, {"start": "00:42:41", "end": "00:42:44", "text": "coins do, projects do, is that they say,"}, {"start": "00:42:42", "end": "00:42:46", "text": "\"Oh, it's fine.\" You know, oh no, we"}, {"start": "00:42:44", "end": "00:42:48", "text": "likely didn't happen is fine. Don't ask"}, {"start": "00:42:46", "end": "00:42:50", "text": "questions. If you ask questions, if you"}, {"start": "00:42:48", "end": "00:42:52", "text": "dig into it, you're spreading FUD. Many"}, {"start": "00:42:50", "end": "00:42:53", "text": "projects do that. Instead, it's good."}, {"start": "00:42:52", "end": "00:42:55", "text": "They say, \"Listen, we have a problem."}, {"start": "00:42:53", "end": "00:42:56", "text": "Maybe some something got minted. Maybe"}, {"start": "00:42:55", "end": "00:42:58", "text": "not. Who the hell knows? Let's have"}, {"start": "00:42:56", "end": "00:43:00", "text": "migration. We double check everything.\""}, {"start": "00:42:58", "end": "00:43:02", "text": "Good. Good. I don't know what else you"}, {"start": "00:43:00", "end": "00:43:04", "text": "want. What else you want?"}, {"start": "00:43:02", "end": "00:43:06", "text": "Some people say that Zikash is from a"}, {"start": "00:43:04", "end": "00:43:09", "text": "specific religion. Okay. If you want to"}, {"start": "00:43:06", "end": "00:43:12", "text": "discuss that, it's um you can do that,"}, {"start": "00:43:09", "end": "00:43:13", "text": "but we don't do that. Uh in terms of uh"}, {"start": "00:43:12", "end": "00:43:16", "text": "uh that that's why, you know, Simon"}, {"start": "00:43:13", "end": "00:43:19", "text": "Dixon, he went a bit uh I don't know, if"}, {"start": "00:43:16", "end": "00:43:21", "text": "you go to Simon Dixon and you search"}, {"start": "00:43:19", "end": "00:43:23", "text": "Simon Dixon Zcash, he talks a lot about"}, {"start": "00:43:21", "end": "00:43:27", "text": "that. Like he puts a lot of weight into"}, {"start": "00:43:23", "end": "00:43:30", "text": "the religion of the of the Zcash founder"}, {"start": "00:43:27", "end": "00:43:32", "text": "or team or who it is. Um not too good. I"}, {"start": "00:43:30", "end": "00:43:34", "text": "I don't like that. I don't like that."}, {"start": "00:43:32", "end": "00:43:37", "text": "Um, looking at the tech, looking at the"}, {"start": "00:43:34", "end": "00:43:40", "text": "chart, like let's just look at that. Uh,"}, {"start": "00:43:37", "end": "00:43:42", "text": "still bullish on the chart."}, {"start": "00:43:40", "end": "00:43:44", "text": "If it goes bare, be careful. We're close"}, {"start": "00:43:42", "end": "00:43:47", "text": "to bare, but uh, we're not not bare yet."}, {"start": "00:43:44", "end": "00:43:50", "text": "So, that's that."}, {"start": "00:43:47", "end": "00:43:50", "text": "That's that"}, {"start": "00:43:52", "end": "00:43:56", "text": "ETH solves all problems. No, the problem"}, {"start": "00:43:54", "end": "00:43:58", "text": "with ETH is that if you tell them"}, {"start": "00:43:56", "end": "00:44:00", "text": "something is bad, they tell you that you"}, {"start": "00:43:58", "end": "00:44:02", "text": "are retardio and that you are spreading"}, {"start": "00:44:00", "end": "00:44:04", "text": "FUD. So when I was saying that Zcash"}, {"start": "00:44:02", "end": "00:44:06", "text": "actually just fix something very quickly"}, {"start": "00:44:04", "end": "00:44:09", "text": "without like they see the problem they"}, {"start": "00:44:06", "end": "00:44:12", "text": "fix uh and other coins don't do. I mean"}, {"start": "00:44:09", "end": "00:44:15", "text": "ETH is kind of like that. ETH man"}, {"start": "00:44:12", "end": "00:44:17", "text": "doesn't scale doesn't uh compete. They"}, {"start": "00:44:15", "end": "00:44:19", "text": "have many reasons why it should be like"}, {"start": "00:44:17", "end": "00:44:22", "text": "that. There are many many reasons. They"}, {"start": "00:44:19", "end": "00:44:23", "text": "don't scale. They scale with Fugazi L2"}, {"start": "00:44:22", "end": "00:44:26", "text": "they you tell them it's centralized."}, {"start": "00:44:23", "end": "00:44:27", "text": "Fugazi L2 is centralized. It's all of"}, {"start": "00:44:26", "end": "00:44:29", "text": "them are centralized. They say no you're"}, {"start": "00:44:27", "end": "00:44:32", "text": "spreading FUD. You're spending fat. You"}, {"start": "00:44:29", "end": "00:44:35", "text": "say it's centralized. It's they can take"}, {"start": "00:44:32", "end": "00:44:37", "text": "the coins. It's a multi-IG freaking"}, {"start": "00:44:35", "end": "00:44:38", "text": "setup. They say no, you're fat. You're"}, {"start": "00:44:37", "end": "00:44:40", "text": "fat. You're fat. You're fat. It's"}, {"start": "00:44:38", "end": "00:44:43", "text": "because you have Solana bag. It's fat."}, {"start": "00:44:40", "end": "00:44:45", "text": "It's fat. It's fat. It's fat. Okay. What"}, {"start": "00:44:43", "end": "00:44:46", "text": "has E if done? Nothing. So, this is the"}, {"start": "00:44:45", "end": "00:44:48", "text": "problem when you have the team that"}, {"start": "00:44:46", "end": "00:44:49", "text": "living under a rock or something. Don't"}, {"start": "00:44:48", "end": "00:44:52", "text": "want to hear feedback. Don't want to"}, {"start": "00:44:49", "end": "00:44:55", "text": "hear, you know, good information from"}, {"start": "00:44:52", "end": "00:44:58", "text": "the engineer. Highly esteemed engineer"}, {"start": "00:44:55", "end": "00:45:00", "text": "like yourself. Like myself. Yours truly."}, {"start": "00:44:58", "end": "00:45:02", "text": "yours truly. Exactly. It's a big"}, {"start": "00:45:00", "end": "00:45:03", "text": "problem. It's a big problem. No. So"}, {"start": "00:45:02", "end": "00:45:05", "text": "listen, you you got to look at the"}, {"start": "00:45:03", "end": "00:45:06", "text": "problem. You got to see exactly what's"}, {"start": "00:45:05", "end": "00:45:07", "text": "happening. Guys, that's it. Thank you"}, {"start": "00:45:06", "end": "00:45:10", "text": "very much. Last question from Azad. I"}, {"start": "00:45:07", "end": "00:45:13", "text": "see last question from Azad. And that's"}, {"start": "00:45:10", "end": "00:45:15", "text": "it. Question. Ivan. Would you accept"}, {"start": "00:45:13", "end": "00:45:17", "text": "position of co director of a large chain"}, {"start": "00:45:15", "end": "00:45:19", "text": "foundation like ETH? What would you fix?"}, {"start": "00:45:17", "end": "00:45:20", "text": "So would you would they accept? No. No."}, {"start": "00:45:19", "end": "00:45:23", "text": "No. I don't I don't I don't want to work"}, {"start": "00:45:20", "end": "00:45:25", "text": "for uh like"}, {"start": "00:45:23", "end": "00:45:27", "text": "you ask me personally, would I accept?"}, {"start": "00:45:25", "end": "00:45:29", "text": "Likely not. Likely not. I mean uh we"}, {"start": "00:45:27", "end": "00:45:32", "text": "have fantastic thing with trading with"}, {"start": "00:45:29", "end": "00:45:35", "text": "the markets with what we do here to go"}, {"start": "00:45:32", "end": "00:45:39", "text": "into like foundation politics and uh you"}, {"start": "00:45:35", "end": "00:45:40", "text": "know I mean okay everything is okay it"}, {"start": "00:45:39", "end": "00:45:42", "text": "depends on the price I mean the more"}, {"start": "00:45:40", "end": "00:45:44", "text": "correct answer is depends on the price"}, {"start": "00:45:42", "end": "00:45:46", "text": "okay let's say vital comes to because"}, {"start": "00:45:44", "end": "00:45:49", "text": "listen everything has a price let's say"}, {"start": "00:45:46", "end": "00:45:51", "text": "vital comes to me he says I give you a"}, {"start": "00:45:49", "end": "00:45:54", "text": "trillion dollars I mean obviously man I"}, {"start": "00:45:51", "end": "00:45:56", "text": "would be I would be CEO of a found I"}, {"start": "00:45:54", "end": "00:45:57", "text": "would deal with all the politics now"}, {"start": "00:45:56", "end": "00:45:59", "text": "give me a trillion I'm going to do it."}, {"start": "00:45:57", "end": "00:46:01", "text": "Okay. See, this is what I don't like"}, {"start": "00:45:59", "end": "00:46:02", "text": "when people say never. Everything has a"}, {"start": "00:46:01", "end": "00:46:04", "text": "price. You have a trillion dollars."}, {"start": "00:46:02", "end": "00:46:06", "text": "Would you do it? Yes. No. Okay."}, {"start": "00:46:04", "end": "00:46:08", "text": "Obviously, a trillion is not reasonable."}, {"start": "00:46:06", "end": "00:46:09", "text": "It's it's unreasonable. No, no one's"}, {"start": "00:46:08", "end": "00:46:12", "text": "going to give it. Okay. 500 billion and"}, {"start": "00:46:09", "end": "00:46:13", "text": "then you know, okay, unreason. Okay. 100"}, {"start": "00:46:12", "end": "00:46:15", "text": "billion. Okay. Still unreason. Okay."}, {"start": "00:46:13", "end": "00:46:17", "text": "Where where is where you know it's"}, {"start": "00:46:15", "end": "00:46:18", "text": "reasonable and you would do it. So, I"}, {"start": "00:46:17", "end": "00:46:19", "text": "don't know. I need to do that"}, {"start": "00:46:18", "end": "00:46:20", "text": "calculation. I need to do that"}, {"start": "00:46:19", "end": "00:46:22", "text": "calculation. But everything has a price,"}, {"start": "00:46:20", "end": "00:46:24", "text": "man. Listen, when it comes to work,"}, {"start": "00:46:22", "end": "00:46:26", "text": "everything has a price. Everything has a"}, {"start": "00:46:24", "end": "00:46:28", "text": "price. But if you ask me, you know,"}, {"start": "00:46:26", "end": "00:46:30", "text": "based on what I've seen, they don't pay"}, {"start": "00:46:28", "end": "00:46:32", "text": "too much. They don't pay too much for"}, {"start": "00:46:30", "end": "00:46:34", "text": "people that actually do work. They pay a"}, {"start": "00:46:32", "end": "00:46:36", "text": "lot for people that do some fugazi."}, {"start": "00:46:34", "end": "00:46:37", "text": "Okay? I mean, historically, ETH has been"}, {"start": "00:46:36", "end": "00:46:40", "text": "like that. They have so much grant. Then"}, {"start": "00:46:37", "end": "00:46:42", "text": "you see who is what are they doing? They"}, {"start": "00:46:40", "end": "00:46:44", "text": "don't deliver anything. The grant"}, {"start": "00:46:42", "end": "00:46:46", "text": "receivers, I don't know what been doing."}, {"start": "00:46:44", "end": "00:46:48", "text": "They have like, you know, gender study"}, {"start": "00:46:46", "end": "00:46:50", "text": "on on the blockchain or what they have"}, {"start": "00:46:48", "end": "00:46:52", "text": "done. I don't know. The actual people"}, {"start": "00:46:50", "end": "00:46:56", "text": "who've built the protocol, they receive"}, {"start": "00:46:52", "end": "00:46:58", "text": "pennies. pennies. This is actual, you"}, {"start": "00:46:56", "end": "00:47:00", "text": "know, brainiacs who who are building. I"}, {"start": "00:46:58", "end": "00:47:02", "text": "mean, as far as I seen, they receive"}, {"start": "00:47:00", "end": "00:47:04", "text": "pennies. Pennies. But if you have some"}, {"start": "00:47:02", "end": "00:47:07", "text": "gender study on chain or something, you"}, {"start": "00:47:04", "end": "00:47:09", "text": "can you can get a lot."}, {"start": "00:47:07", "end": "00:47:12", "text": "Obviously, I'm over exaggerating, but"}, {"start": "00:47:09", "end": "00:47:14", "text": "not too much. That's that. Uh, and what"}, {"start": "00:47:12", "end": "00:47:18", "text": "was your more question? Let's see. What"}, {"start": "00:47:14", "end": "00:47:21", "text": "would you what would you fix? Uh I think"}, {"start": "00:47:18", "end": "00:47:24", "text": "in many cases it's uh something like ETH"}, {"start": "00:47:21", "end": "00:47:25", "text": "for example one person I'm not sure how"}, {"start": "00:47:24", "end": "00:47:27", "text": "much you can fix as one person it's like"}, {"start": "00:47:25", "end": "00:47:29", "text": "so many interest okay you come in there"}, {"start": "00:47:27", "end": "00:47:32", "text": "what can you do I mean you need to be a"}, {"start": "00:47:29", "end": "00:47:34", "text": "credible leader that everyone uh unites"}, {"start": "00:47:32", "end": "00:47:36", "text": "around so you know if you if you have"}, {"start": "00:47:34", "end": "00:47:38", "text": "eth with so many you know they also"}, {"start": "00:47:36", "end": "00:47:41", "text": "brainwash they have their own view of"}, {"start": "00:47:38", "end": "00:47:44", "text": "things he's like you know you are a CEO"}, {"start": "00:47:41", "end": "00:47:48", "text": "of uh you know like blackberry before it"}, {"start": "00:47:44", "end": "00:47:49", "text": "got fully wrecked like what should man"}, {"start": "00:47:48", "end": "00:47:51", "text": "It's not just you know someone comes in"}, {"start": "00:47:49", "end": "00:47:53", "text": "and waves magic. We have to like"}, {"start": "00:47:51", "end": "00:47:56", "text": "reprogram the brains of people like you"}, {"start": "00:47:53", "end": "00:47:57", "text": "know to see how you compete. So it's I'm"}, {"start": "00:47:56", "end": "00:48:00", "text": "not even sure it's possible to really"}, {"start": "00:47:57", "end": "00:48:03", "text": "turn it around quickly. I Yeah. I mean"}, {"start": "00:48:00", "end": "00:48:05", "text": "again depends on the compensation but uh"}, {"start": "00:48:03", "end": "00:48:06", "text": "I would say that it's very hard man."}, {"start": "00:48:05", "end": "00:48:09", "text": "Very hard with their mindset with how"}, {"start": "00:48:06", "end": "00:48:11", "text": "they see the world competition chains"}, {"start": "00:48:09", "end": "00:48:13", "text": "how they see themselves on the high"}, {"start": "00:48:11", "end": "00:48:14", "text": "horse. It's very hard man. And also if"}, {"start": "00:48:13", "end": "00:48:15", "text": "doesn't even have a lot of money like"}, {"start": "00:48:14", "end": "00:48:17", "text": "the foundation how they going to pay"}, {"start": "00:48:15", "end": "00:48:18", "text": "you? they cannot even pay you. So it's"}, {"start": "00:48:17", "end": "00:48:20", "text": "it's hard. It's hard. Anyway guys,"}, {"start": "00:48:18", "end": "00:48:22", "text": "that's it. Thank you very much. Sorry"}, {"start": "00:48:20", "end": "00:48:24", "text": "for not having a more inspiring uh"}, {"start": "00:48:22", "end": "00:48:26", "text": "answer to you. But in general, let's say"}, {"start": "00:48:24", "end": "00:48:28", "text": "that everyone is aligned. They love they"}, {"start": "00:48:26", "end": "00:48:30", "text": "love me as leader. They just uh tell"}, {"start": "00:48:28", "end": "00:48:33", "text": "everything I do. They do everything I"}, {"start": "00:48:30", "end": "00:48:35", "text": "tell. Okay. Then what we would do, we"}, {"start": "00:48:33", "end": "00:48:37", "text": "would focus on the product. We would"}, {"start": "00:48:35", "end": "00:48:41", "text": "speak with all the DeFi teams. We would"}, {"start": "00:48:37", "end": "00:48:44", "text": "uh invite uh unis swap, get all the defi"}, {"start": "00:48:41", "end": "00:48:45", "text": "teams, get get them into my office. I"}, {"start": "00:48:44", "end": "00:48:47", "text": "would put them here and I have a chair"}, {"start": "00:48:45", "end": "00:48:49", "text": "here. Get all the D5 teams here. Get"}, {"start": "00:48:47", "end": "00:48:51", "text": "them seat seated. Okay. Everywhere. Or"}, {"start": "00:48:49", "end": "00:48:52", "text": "maybe we go to them. Whatever is"}, {"start": "00:48:51", "end": "00:48:55", "text": "easiest. Anyway, we have to speak. We"}, {"start": "00:48:52", "end": "00:48:58", "text": "have to speak. What you need to freaking"}, {"start": "00:48:55", "end": "00:48:59", "text": "crush it. Okay. Because this is the"}, {"start": "00:48:58", "end": "00:49:01", "text": "problem they made with L2s. They did all"}, {"start": "00:48:59", "end": "00:49:04", "text": "the L2s. They never even asked a"}, {"start": "00:49:01", "end": "00:49:06", "text": "freaking developer. Unis swap for"}, {"start": "00:49:04", "end": "00:49:07", "text": "example, hey, do you want L2? Because"}, {"start": "00:49:06", "end": "00:49:09", "text": "what's going to happen is that you have"}, {"start": "00:49:07", "end": "00:49:11", "text": "a nice DEX. You have such a nice DEX."}, {"start": "00:49:09", "end": "00:49:13", "text": "Wouldn't it be a shame if your your"}, {"start": "00:49:11", "end": "00:49:16", "text": "liquidity is fully split across a 100"}, {"start": "00:49:13", "end": "00:49:18", "text": "L2s? Okay, because the exite exchange"}, {"start": "00:49:16", "end": "00:49:20", "text": "the number one product is liquidity that"}, {"start": "00:49:18", "end": "00:49:22", "text": "you have good execution PRICE. WOULDN'T"}, {"start": "00:49:20", "end": "00:49:25", "text": "IT BE A SHAME if we just split it up so"}, {"start": "00:49:22", "end": "00:49:28", "text": "you have a bit of your liquidity on L1,"}, {"start": "00:49:25", "end": "00:49:30", "text": "a bit on L2 base, a bit on L2 optim, we"}, {"start": "00:49:28", "end": "00:49:32", "text": "just split it. The people want to trade,"}, {"start": "00:49:30", "end": "00:49:34", "text": "they're going to have crap execution."}, {"start": "00:49:32", "end": "00:49:36", "text": "Okay, I mean how they don't use the"}, {"start": "00:49:34", "end": "00:49:40", "text": "brain. The brain they don't even turn it"}, {"start": "00:49:36", "end": "00:49:42", "text": "on. The on off it's permanently off. So"}, {"start": "00:49:40", "end": "00:49:45", "text": "that's the first thing just to speak"}, {"start": "00:49:42", "end": "00:49:48", "text": "with the defies defi guys how okay you"}, {"start": "00:49:45", "end": "00:49:51", "text": "need chip fee get a gig fix the chip fee"}, {"start": "00:49:48", "end": "00:49:55", "text": "okay get code fast chip fee don't give"}, {"start": "00:49:51", "end": "00:49:57", "text": "me excuse code fast another geek check"}, {"start": "00:49:55", "end": "00:50:00", "text": "the security I'm telling you that by the"}, {"start": "00:49:57", "end": "00:50:02", "text": "way as a computer scientist myself one"}, {"start": "00:50:00", "end": "00:50:04", "text": "gig fixes the fee another gig check"}, {"start": "00:50:02", "end": "00:50:08", "text": "security so the fee guy doesn't mess up"}, {"start": "00:50:04", "end": "00:50:09", "text": "some security uh yada yada yada got to"}, {"start": "00:50:08", "end": "00:50:11", "text": "move fast. Got to figure it out."}, {"start": "00:50:09", "end": "00:50:13", "text": "Hopefully not blow up the chain, but the"}, {"start": "00:50:11", "end": "00:50:15", "text": "thing is it's going to die anyway soon."}, {"start": "00:50:13", "end": "00:50:17", "text": "It's going to be Internet Explorer. So,"}, {"start": "00:50:15", "end": "00:50:18", "text": "you need to you need to use your brain"}, {"start": "00:50:17", "end": "00:50:20", "text": "here. Okay, you need to use your brain"}, {"start": "00:50:18", "end": "00:50:22", "text": "quickly. Something has to happen."}, {"start": "00:50:20", "end": "00:50:24", "text": "Anyway, guys, that's it. Obviously, a"}, {"start": "00:50:22", "end": "00:50:26", "text": "bit over exaggeration, but not really. I"}, {"start": "00:50:24", "end": "00:50:27", "text": "mean, start with speaking to Deepai."}, {"start": "00:50:26", "end": "00:50:31", "text": "Start with speaking to Deep, the the"}, {"start": "00:50:27", "end": "00:50:33", "text": "founders, and uh fix it. Fix it. That's"}, {"start": "00:50:31", "end": "00:50:34", "text": "it, guys. See you very much. And if"}, {"start": "00:50:33", "end": "00:50:36", "text": "someone complains, they don't want to"}, {"start": "00:50:34", "end": "00:50:38", "text": "fix it. Okay, get out. Who who can fix"}, {"start": "00:50:36", "end": "00:50:40", "text": "it? how we there's also like you need to"}, {"start": "00:50:38", "end": "00:50:43", "text": "you need to manage all of these high"}, {"start": "00:50:40", "end": "00:50:45", "text": "priests with the with their ideas if"}, {"start": "00:50:43", "end": "00:50:47", "text": "they're not aligned they cannot be I"}, {"start": "00:50:45", "end": "00:50:49", "text": "mean we need to get align them align"}, {"start": "00:50:47", "end": "00:50:51", "text": "developers can we steal devs from like"}, {"start": "00:50:49", "end": "00:50:53", "text": "Sulan or something like so they they"}, {"start": "00:50:51", "end": "00:50:55", "text": "have this mindset of execution bum bum"}, {"start": "00:50:53", "end": "00:50:58", "text": "bum bum bum execution get get things"}, {"start": "00:50:55", "end": "00:50:59", "text": "going get things going but as you can"}, {"start": "00:50:58", "end": "00:51:01", "text": "see if you tell it to eat they would say"}, {"start": "00:50:59", "end": "00:51:02", "text": "we we never want to do anything like"}, {"start": "00:51:01", "end": "00:51:04", "text": "that we have the our own vision our own"}, {"start": "00:51:02", "end": "00:51:06", "text": "mission that's why it's better to just"}, {"start": "00:51:04", "end": "00:51:08", "text": "invest let them bidd Well, you put money"}, {"start": "00:51:06", "end": "00:51:09", "text": "instead what you like the most. And"}, {"start": "00:51:08", "end": "00:51:11", "text": "that's that's way better, guys. That's"}, {"start": "00:51:09", "end": "00:51:13", "text": "it. Have a good day. Enjoy your Friday."}, {"start": "00:51:11", "end": "00:51:14", "text": "Enjoy the weekend. If you're in"}, {"start": "00:51:13", "end": "00:51:16", "text": "Bulmania, see you very soon on our"}, {"start": "00:51:14", "end": "00:51:17", "text": "private stream. Have a good day and"}, {"start": "00:51:16", "end": "00:51:20", "text": "goodbye, guys. Big shout out to Guzman."}, {"start": "00:51:17", "end": "00:51:23", "text": "Big shout out to chat. Love you all."}, {"start": "00:51:20", "end": "00:51:26", "text": "Let's have together a big love at the"}, {"start": "00:51:23", "end": "00:51:29", "text": "end. Write I love you all in the comment"}, {"start": "00:51:26", "end": "00:51:34", "text": "section. Write 51 colon 20 the time"}, {"start": "00:51:29", "end": "00:51:36", "text": "stamp 51 col 20. Write I love you all. I"}, {"start": "00:51:34", "end": "00:51:40", "text": "love you all. Write that. Let's let's"}, {"start": "00:51:36", "end": "00:51:41", "text": "give a big la love fest to each other. I"}, {"start": "00:51:40", "end": "00:51:43", "text": "love you all in the chat because"}, {"start": "00:51:41", "end": "00:51:45", "text": "actually we're the same dudes in the"}, {"start": "00:51:43", "end": "00:51:47", "text": "chat here. Maybe one woman, two women,"}, {"start": "00:51:45", "end": "00:51:48", "text": "maybe maybe three every day. It's very"}, {"start": "00:51:47", "end": "00:51:52", "text": "similar. It's very guys in the bare"}, {"start": "00:51:48", "end": "00:51:53", "text": "market. Our audience is the same. We"}, {"start": "00:51:52", "end": "00:51:56", "text": "haven't gotten any new member. Maybe"}, {"start": "00:51:53", "end": "00:51:59", "text": "some of you is new guys. Pull up your"}, {"start": "00:51:56", "end": "00:52:00", "text": "hand if you're new uh or if you're a"}, {"start": "00:51:59", "end": "00:52:03", "text": "woman because both of you are kind of"}, {"start": "00:52:00", "end": "00:52:03", "text": "rare here."}, {"start": "00:52:05", "end": "00:52:11", "text": "Okay guys, have a good day and goodbye"}, {"start": "00:52:07", "end": "00:52:11", "text": "guys. Goodbye. Goodbye. Goodbye."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Welcome to another episode. As you can"}, {"start": "00:00:02", "end": "00:00:06", "text": "see right now, Bitcoin is holding the"}, {"start": "00:00:03", "end": "00:00:08", "text": "200 week moving average quite nicely."}, {"start": "00:00:06", "end": "00:00:11", "text": "Actually, we're up on the day. When you"}, {"start": "00:00:08", "end": "00:00:13", "text": "look at the crypto heat map, it looks"}, {"start": "00:00:11", "end": "00:00:16", "text": "quite okay. I mean, Bitcoin is plus 2%,"}, {"start": "00:00:13", "end": "00:00:17", "text": "Ethan is a plus 1%, Salana plus 1%. Now,"}, {"start": "00:00:16", "end": "00:00:19", "text": "in the overall scheme of things, we're"}, {"start": "00:00:17", "end": "00:00:20", "text": "still very bearish. Bitcoin is still in"}, {"start": "00:00:19", "end": "00:00:23", "text": "a massive B and all of the oils are in"}, {"start": "00:00:20", "end": "00:00:25", "text": "the gutter. But if you compare to what"}, {"start": "00:00:23", "end": "00:00:28", "text": "happened to the stock market yesterday,"}, {"start": "00:00:25", "end": "00:00:30", "text": "Bitcoin has and crypto has a bit of a"}, {"start": "00:00:28", "end": "00:00:33", "text": "relative strength. I mean, we're seeing"}, {"start": "00:00:30", "end": "00:00:36", "text": "such an exodus of capital from stocks"}, {"start": "00:00:33", "end": "00:00:38", "text": "likely into the SpaceX IPO which is"}, {"start": "00:00:36", "end": "00:00:41", "text": "coming tomorrow and this kind of"}, {"start": "00:00:38", "end": "00:00:43", "text": "collapse in just a day is quite"}, {"start": "00:00:41", "end": "00:00:44", "text": "interesting to see while Bitcoin is"}, {"start": "00:00:43", "end": "00:00:47", "text": "still holding. And as you know, our"}, {"start": "00:00:44", "end": "00:00:49", "text": "thesis here is that this is the last few"}, {"start": "00:00:47", "end": "00:00:50", "text": "months of the bear. I think it's very"}, {"start": "00:00:49", "end": "00:00:53", "text": "very likely that the bear is going to"}, {"start": "00:00:50", "end": "00:00:56", "text": "end within the coming months likely in"}, {"start": "00:00:53", "end": "00:00:59", "text": "September, October in Q4 uh 2026 and"}, {"start": "00:00:56", "end": "00:01:01", "text": "then and then 2027 is when the real big"}, {"start": "00:00:59", "end": "00:01:03", "text": "fat bull is going to happen with all of"}, {"start": "00:01:01", "end": "00:01:05", "text": "the altcoins going parabolic with all of"}, {"start": "00:01:03", "end": "00:01:06", "text": "the different other things happening."}, {"start": "00:01:05", "end": "00:01:09", "text": "Now what's important to understand is"}, {"start": "00:01:06", "end": "00:01:10", "text": "that while we say all altcoins meaning"}, {"start": "00:01:09", "end": "00:01:13", "text": "that there are many altcoins that go"}, {"start": "00:01:10", "end": "00:01:15", "text": "parabolic many altcoins will also not do"}, {"start": "00:01:13", "end": "00:01:16", "text": "that. Okay, many altcoins you hold right"}, {"start": "00:01:15", "end": "00:01:18", "text": "now will never come back. So you need to"}, {"start": "00:01:16", "end": "00:01:20", "text": "ensure that you hold only altcoins that"}, {"start": "00:01:18", "end": "00:01:22", "text": "have a bull trend. So currently for"}, {"start": "00:01:20", "end": "00:01:24", "text": "example we don't have any altcoin. We"}, {"start": "00:01:22", "end": "00:01:26", "text": "stay away from altcoin now. You need to"}, {"start": "00:01:24", "end": "00:01:28", "text": "be sure that whatever thing you have is"}, {"start": "00:01:26", "end": "00:01:31", "text": "in bull trend. So when people ask about"}, {"start": "00:01:28", "end": "00:01:33", "text": "sana or sui or anything else and most of"}, {"start": "00:01:31", "end": "00:01:35", "text": "them now are in big fat bare trend. So"}, {"start": "00:01:33", "end": "00:01:38", "text": "don't touch them. Don't touch them until"}, {"start": "00:01:35", "end": "00:01:41", "text": "they flip bullish. And also as we are"}, {"start": "00:01:38", "end": "00:01:44", "text": "seeing the capital exodus from the stock"}, {"start": "00:01:41", "end": "00:01:46", "text": "market probably into the SpaceX IPO and"}, {"start": "00:01:44", "end": "00:01:47", "text": "other IPOs that are going to happen"}, {"start": "00:01:46", "end": "00:01:50", "text": "within the coming months months such as"}, {"start": "00:01:47", "end": "00:01:53", "text": "Anthropic, such as Open AI, you have"}, {"start": "00:01:50", "end": "00:01:57", "text": "more uh problems in the Middle East. The"}, {"start": "00:01:53", "end": "00:01:59", "text": "war seems to restart. US Central Command"}, {"start": "00:01:57", "end": "00:02:04", "text": "forces began launching additional"}, {"start": "00:01:59", "end": "00:02:06", "text": "self-defense strikes. Okay. In Iran."}, {"start": "00:02:04", "end": "00:02:09", "text": "A bit of self-defense in Iran."}, {"start": "00:02:06", "end": "00:02:11", "text": "Fantastic. Trump explains what happened"}, {"start": "00:02:09", "end": "00:02:14", "text": "with yesterday's Iranian strike on a US"}, {"start": "00:02:11", "end": "00:02:16", "text": "Apache helicopter. So was a you can go"}, {"start": "00:02:14", "end": "00:02:18", "text": "deep into the details, but overall you"}, {"start": "00:02:16", "end": "00:02:21", "text": "do see the conflict now coming back in a"}, {"start": "00:02:18", "end": "00:02:23", "text": "in a big way. Iran announces full"}, {"start": "00:02:21", "end": "00:02:26", "text": "shutdown of the straight of Hormuz. Uh"}, {"start": "00:02:23", "end": "00:02:28", "text": "you have the US saying that they control"}, {"start": "00:02:26", "end": "00:02:31", "text": "the straight of Hormus. So as we are"}, {"start": "00:02:28", "end": "00:02:32", "text": "seeing all of this madness come back, I"}, {"start": "00:02:31", "end": "00:02:35", "text": "think that Bitcoin actually is going to"}, {"start": "00:02:32", "end": "00:02:37", "text": "shine this time. uh Bitcoin has not been"}, {"start": "00:02:35", "end": "00:02:38", "text": "shining during the conflict earlier this"}, {"start": "00:02:37", "end": "00:02:40", "text": "year. But I think this time is going to"}, {"start": "00:02:38", "end": "00:02:43", "text": "be different because we're currently in"}, {"start": "00:02:40", "end": "00:02:46", "text": "such a big bare territory and especially"}, {"start": "00:02:43", "end": "00:02:48", "text": "as we uh reach the buy zone which we"}, {"start": "00:02:46", "end": "00:02:50", "text": "have done right now especially as we are"}, {"start": "00:02:48", "end": "00:02:53", "text": "at the 200E moving average. Bitcoin is"}, {"start": "00:02:50", "end": "00:02:56", "text": "at its fair price. 200E moving average"}, {"start": "00:02:53", "end": "00:02:58", "text": "is the fair price of Bitcoin. And so now"}, {"start": "00:02:56", "end": "00:03:00", "text": "that you don't have overvaluation, you"}, {"start": "00:02:58", "end": "00:03:03", "text": "don't have this hype, you don't have any"}, {"start": "00:03:00", "end": "00:03:05", "text": "FOMO, you don't have any greed, Bitcoin"}, {"start": "00:03:03", "end": "00:03:07", "text": "at its fair price can actually do what"}, {"start": "00:03:05", "end": "00:03:09", "text": "it's supposed to do in the world, which"}, {"start": "00:03:07", "end": "00:03:11", "text": "is to be the risk of asset. It's"}, {"start": "00:03:09", "end": "00:03:14", "text": "international asset. It's not asset that"}, {"start": "00:03:11", "end": "00:03:17", "text": "is tied to any political force, any any"}, {"start": "00:03:14", "end": "00:03:19", "text": "political establishment in any country."}, {"start": "00:03:17", "end": "00:03:21", "text": "So whether you're American, whether"}, {"start": "00:03:19", "end": "00:03:23", "text": "you're European, whoever you are in the"}, {"start": "00:03:21", "end": "00:03:24", "text": "world, you can actually use Bitcoin, can"}, {"start": "00:03:23", "end": "00:03:27", "text": "store your wealth in Bitcoin. And now"}, {"start": "00:03:24", "end": "00:03:29", "text": "that it's at fair price, I think the"}, {"start": "00:03:27", "end": "00:03:32", "text": "world is going to be surprised by how it"}, {"start": "00:03:29", "end": "00:03:34", "text": "reacts. Okay. Uh still some downside to"}, {"start": "00:03:32", "end": "00:03:36", "text": "be expected because we are here within"}, {"start": "00:03:34", "end": "00:03:38", "text": "the buy zone can go lower into the buy"}, {"start": "00:03:36", "end": "00:03:41", "text": "zone. But overall, if Bitcoin actually"}, {"start": "00:03:38", "end": "00:03:42", "text": "starts carrying a lot of the gains in"}, {"start": "00:03:41", "end": "00:03:44", "text": "the coming months, it would not surprise"}, {"start": "00:03:42", "end": "00:03:47", "text": "me if the conflict becomes bigger in the"}, {"start": "00:03:44", "end": "00:03:50", "text": "coming months and Bitcoin is actually"}, {"start": "00:03:47", "end": "00:03:52", "text": "starting to rise. Would not surprise me."}, {"start": "00:03:50", "end": "00:03:54", "text": "And this is the cognitive dissonance"}, {"start": "00:03:52", "end": "00:03:55", "text": "many people have after each bear because"}, {"start": "00:03:54", "end": "00:03:57", "text": "they're so used for the whole year."}, {"start": "00:03:55", "end": "00:03:59", "text": "They're so so used that Bitcoin only"}, {"start": "00:03:57", "end": "00:04:01", "text": "goes down and then when Bitcoin actually"}, {"start": "00:03:59", "end": "00:04:03", "text": "finds a bottom goes to 200E moving"}, {"start": "00:04:01", "end": "00:04:06", "text": "average uh goes sideways a bit goes into"}, {"start": "00:04:03", "end": "00:04:09", "text": "accumulation zone and then it refuses to"}, {"start": "00:04:06", "end": "00:04:11", "text": "dump. Many people they have a cognitive"}, {"start": "00:04:09", "end": "00:04:13", "text": "dissonance. They just flip bare. They"}, {"start": "00:04:11", "end": "00:04:15", "text": "were very late flipping bare and now"}, {"start": "00:04:13", "end": "00:04:17", "text": "it's time to flip bull but they cannot"}, {"start": "00:04:15", "end": "00:04:19", "text": "do it because they they're just now flip"}, {"start": "00:04:17", "end": "00:04:21", "text": "bare. Okay. Many people that told you to"}, {"start": "00:04:19", "end": "00:04:22", "text": "hold and buy in Q4, they did not tell"}, {"start": "00:04:21", "end": "00:04:25", "text": "you to sell. They did not tell you to be"}, {"start": "00:04:22", "end": "00:04:27", "text": "riskoff like we did. They're only now"}, {"start": "00:04:25", "end": "00:04:29", "text": "starting to consider to be a bit bare."}, {"start": "00:04:27", "end": "00:04:31", "text": "Okay, but very soon it's time to be"}, {"start": "00:04:29", "end": "00:04:33", "text": "bull. It's a big have such a big"}, {"start": "00:04:31", "end": "00:04:34", "text": "problem. I'm very curious to follow all"}, {"start": "00:04:33", "end": "00:04:37", "text": "of their content and everything. What"}, {"start": "00:04:34", "end": "00:04:40", "text": "they going to do when it's actually time"}, {"start": "00:04:37", "end": "00:04:45", "text": "to be bull and we do have quite nice uh"}, {"start": "00:04:40", "end": "00:04:47", "text": "uh buy walls uh at 55 to 60k range. uh"}, {"start": "00:04:45", "end": "00:04:48", "text": "still very good good chance that we"}, {"start": "00:04:47", "end": "00:04:52", "text": "break them and we go a bit lower here"}, {"start": "00:04:48", "end": "00:04:54", "text": "maybe to 50k maybe even to 47 46 but as"}, {"start": "00:04:52", "end": "00:04:57", "text": "we are in the buy zone Bitcoin is at"}, {"start": "00:04:54", "end": "00:05:00", "text": "fair price Bitcoin I think now has the"}, {"start": "00:04:57", "end": "00:05:02", "text": "worst behind it and even if we dip a bit"}, {"start": "00:05:00", "end": "00:05:04", "text": "here overall on the big picture we"}, {"start": "00:05:02", "end": "00:05:06", "text": "likely see Bitcoin come back later this"}, {"start": "00:05:04", "end": "00:05:08", "text": "year and that's when people are going to"}, {"start": "00:05:06", "end": "00:05:09", "text": "start speaking about Bitcoin being the"}, {"start": "00:05:08", "end": "00:05:11", "text": "safe haven you know suddenly it's going"}, {"start": "00:05:09", "end": "00:05:14", "text": "to be the safe haven now everyone is"}, {"start": "00:05:11", "end": "00:05:16", "text": "spitting on it Jim Kramer is saying that"}, {"start": "00:05:14", "end": "00:05:18", "text": "Bitcoin is bad money. By the way, he"}, {"start": "00:05:16", "end": "00:05:20", "text": "also says that gold is bad money because"}, {"start": "00:05:18", "end": "00:05:23", "text": "gold has been dumping. We said in"}, {"start": "00:05:20", "end": "00:05:25", "text": "January it's time to sell gold. You go,"}, {"start": "00:05:23", "end": "00:05:27", "text": "if you go to bullme.com/ivan,"}, {"start": "00:05:25", "end": "00:05:29", "text": "I have all my track record there with"}, {"start": "00:05:27", "end": "00:05:31", "text": "all the tweets. But yeah, since uh"}, {"start": "00:05:29", "end": "00:05:32", "text": "January, basically gold has been in a"}, {"start": "00:05:31", "end": "00:05:34", "text": "bare trend. Where's gold? Here's gold."}, {"start": "00:05:32", "end": "00:05:36", "text": "And people are all surprised. How can"}, {"start": "00:05:34", "end": "00:05:37", "text": "gold dump so much? How how can it dump?"}, {"start": "00:05:36", "end": "00:05:39", "text": "It's a bare trend, man. It's a bare"}, {"start": "00:05:37", "end": "00:05:41", "text": "trend. What you want? Anything in a bare"}, {"start": "00:05:39", "end": "00:05:44", "text": "trend, it dumps a lot. But like, oh no,"}, {"start": "00:05:41", "end": "00:05:46", "text": "gold is should be stable and should not"}, {"start": "00:05:44", "end": "00:05:49", "text": "dump. Man, gold is very volatile. Very,"}, {"start": "00:05:46", "end": "00:05:51", "text": "very volatile. Now, to be fair, gold is"}, {"start": "00:05:49", "end": "00:05:53", "text": "good to have in the portfolio for the"}, {"start": "00:05:51", "end": "00:05:56", "text": "long term. If I'm uh to bring all of the"}, {"start": "00:05:53", "end": "00:05:58", "text": "moving averages, we're now below the"}, {"start": "00:05:56", "end": "00:06:02", "text": "which one is it? It's the 50WE. We're"}, {"start": "00:05:58", "end": "00:06:04", "text": "now below the 50WE. Uh so accumulating"}, {"start": "00:06:02", "end": "00:06:07", "text": "at 50WE and the next accumulation zone"}, {"start": "00:06:04", "end": "00:06:10", "text": "is at uh 200 week, I believe. Let me"}, {"start": "00:06:07", "end": "00:06:11", "text": "check. Uh 100. Yeah, blue one is 100"}, {"start": "00:06:10", "end": "00:06:13", "text": "weight. So this blue one is 100 weight."}, {"start": "00:06:11", "end": "00:06:15", "text": "Okay, this this is the next accumulation"}, {"start": "00:06:13", "end": "00:06:17", "text": "area and then if it goes further then"}, {"start": "00:06:15", "end": "00:06:19", "text": "the next accumulation area is the 200"}, {"start": "00:06:17", "end": "00:06:20", "text": "weight. So personally my strategy for"}, {"start": "00:06:19", "end": "00:06:22", "text": "the long long-term portfolio. I mean"}, {"start": "00:06:20", "end": "00:06:23", "text": "this is basically when you think about"}, {"start": "00:06:22", "end": "00:06:25", "text": "not getting rich because gold will not"}, {"start": "00:06:23", "end": "00:06:28", "text": "get you rich guys. It it's more of a"}, {"start": "00:06:25", "end": "00:06:31", "text": "stay rich uh vehicle. You can accumulate"}, {"start": "00:06:28", "end": "00:06:32", "text": "a bit here, a bit here, a bit here and"}, {"start": "00:06:31", "end": "00:06:34", "text": "then just have it for the long term"}, {"start": "00:06:32", "end": "00:06:37", "text": "because longterm it's a stay rich uh uh"}, {"start": "00:06:34", "end": "00:06:38", "text": "vehicle. G get rich with gold is hard"}, {"start": "00:06:37", "end": "00:06:41", "text": "especially if we're not in bull trend"}, {"start": "00:06:38", "end": "00:06:43", "text": "like this but to have it a bit for the"}, {"start": "00:06:41", "end": "00:06:45", "text": "long term in your portfolio very good"}, {"start": "00:06:43", "end": "00:06:47", "text": "now most of you guys still need to make"}, {"start": "00:06:45", "end": "00:06:49", "text": "money you're still in the get-rich stage"}, {"start": "00:06:47", "end": "00:06:52", "text": "for you gold this is I mean it's it's"}, {"start": "00:06:49", "end": "00:06:53", "text": "not really for you okay for you you what"}, {"start": "00:06:52", "end": "00:06:55", "text": "you need to do is to ride the bull"}, {"start": "00:06:53", "end": "00:06:56", "text": "trends when you have a new bull trend"}, {"start": "00:06:55", "end": "00:07:00", "text": "when you have a new situation for"}, {"start": "00:06:56", "end": "00:07:01", "text": "example like we saw with uh Intel with"}, {"start": "00:07:00", "end": "00:07:03", "text": "Micron all of the AI stocks in the last"}, {"start": "00:07:01", "end": "00:07:07", "text": "month or like we saw with Bitcoin in"}, {"start": "00:07:03", "end": "00:07:09", "text": "2023 that is the time for to act. Okay?"}, {"start": "00:07:07", "end": "00:07:10", "text": "Or by the way, if you are in Bulman, you"}, {"start": "00:07:09", "end": "00:07:12", "text": "know, hyperlquid since four months ago"}, {"start": "00:07:10", "end": "00:07:14", "text": "up 72%. I mean, this is the kind of"}, {"start": "00:07:12", "end": "00:07:16", "text": "things uh you need to do if you are"}, {"start": "00:07:14", "end": "00:07:18", "text": "still in the get-rich stage, okay? Which"}, {"start": "00:07:16", "end": "00:07:21", "text": "most people are still, it's totally"}, {"start": "00:07:18", "end": "00:07:23", "text": "okay. Uh in in get get rich stage, you"}, {"start": "00:07:21", "end": "00:07:25", "text": "need to be riding the bull trend, okay?"}, {"start": "00:07:23", "end": "00:07:27", "text": "Don't worry too much about accumulating"}, {"start": "00:07:25", "end": "00:07:29", "text": "gold on moving averages. It's it's more"}, {"start": "00:07:27", "end": "00:07:31", "text": "for if you already have a portfolio and"}, {"start": "00:07:29", "end": "00:07:33", "text": "just want to see it grow and you're"}, {"start": "00:07:31", "end": "00:07:35", "text": "fully diversified. You're not here to"}, {"start": "00:07:33", "end": "00:07:37", "text": "squeeze the gain. you're here to stay"}, {"start": "00:07:35", "end": "00:07:39", "text": "rich is is very different mindset and"}, {"start": "00:07:37", "end": "00:07:42", "text": "that's why uh once you become rich let's"}, {"start": "00:07:39", "end": "00:07:44", "text": "say you have uh 1 million you have 2"}, {"start": "00:07:42", "end": "00:07:46", "text": "million 10 million you also need to"}, {"start": "00:07:44", "end": "00:07:48", "text": "switch the thinking a bit from getting"}, {"start": "00:07:46", "end": "00:07:49", "text": "rich to to staying rich and it's"}, {"start": "00:07:48", "end": "00:07:52", "text": "actually two different things and we'll"}, {"start": "00:07:49", "end": "00:07:53", "text": "be discussing it more and more as we go"}, {"start": "00:07:52", "end": "00:07:56", "text": "into the bull market because I know many"}, {"start": "00:07:53", "end": "00:07:58", "text": "of you guys are going to get uh uh very"}, {"start": "00:07:56", "end": "00:08:00", "text": "rich I mean it's it is just how it is"}, {"start": "00:07:58", "end": "00:08:01", "text": "I'm not saying it to like for you or"}, {"start": "00:08:00", "end": "00:08:02", "text": "sugar coat you just like we said in"}, {"start": "00:08:01", "end": "00:08:03", "text": "October if you hold all coins you're"}, {"start": "00:08:02", "end": "00:08:06", "text": "going to get poor you're going to get"}, {"start": "00:08:03", "end": "00:08:07", "text": "destroyed minus 90%. The same thing in a"}, {"start": "00:08:06", "end": "00:08:10", "text": "bull market. I'm telling you that if you"}, {"start": "00:08:07", "end": "00:08:11", "text": "play it correctly, play it correctly,"}, {"start": "00:08:10", "end": "00:08:13", "text": "uh, it's going to get crazy. It's going"}, {"start": "00:08:11", "end": "00:08:14", "text": "to get crazy. And I'm fully honest. I'm"}, {"start": "00:08:13", "end": "00:08:16", "text": "not telling you, you know, to make you"}, {"start": "00:08:14", "end": "00:08:18", "text": "interested in cryp I I couldn't care"}, {"start": "00:08:16", "end": "00:08:20", "text": "less. But it is actually true. If you"}, {"start": "00:08:18", "end": "00:08:23", "text": "are here for a few cycles and you don't"}, {"start": "00:08:20", "end": "00:08:25", "text": "fumble them, you don't round trip. There"}, {"start": "00:08:23", "end": "00:08:27", "text": "is infinite amount of opportunity."}, {"start": "00:08:25", "end": "00:08:30", "text": "Infinite, infinite, infinite, infinite."}, {"start": "00:08:27", "end": "00:08:32", "text": "Okay? Infinite, infinite. Probably no"}, {"start": "00:08:30", "end": "00:08:34", "text": "other space like crypto. And also if you"}, {"start": "00:08:32", "end": "00:08:36", "text": "think about how much capital is in AI,"}, {"start": "00:08:34", "end": "00:08:38", "text": "how much capital is going to rotate from"}, {"start": "00:08:36", "end": "00:08:40", "text": "AI into crypto in the coming years, we"}, {"start": "00:08:38", "end": "00:08:42", "text": "may see the largest bull market ever in"}, {"start": "00:08:40", "end": "00:08:43", "text": "history. But most people still going to"}, {"start": "00:08:42", "end": "00:08:46", "text": "fumble it because again they they they"}, {"start": "00:08:43", "end": "00:08:48", "text": "have such an inverted brain. It's"}, {"start": "00:08:46", "end": "00:08:50", "text": "difficult for them because again they're"}, {"start": "00:08:48", "end": "00:08:52", "text": "only now starting to get bearish. If"}, {"start": "00:08:50", "end": "00:08:53", "text": "you're going to see all your favorite"}, {"start": "00:08:52", "end": "00:08:55", "text": "bullers only now they're kind of"}, {"start": "00:08:53", "end": "00:08:59", "text": "considering, hey, maybe we're in a bare"}, {"start": "00:08:55", "end": "00:08:59", "text": "market. It's time to be bullish."}, {"start": "00:09:00", "end": "00:09:04", "text": "they're going to miss all of the gains,"}, {"start": "00:09:02", "end": "00:09:05", "text": "then uh they get a bit of gain and then"}, {"start": "00:09:04", "end": "00:09:07", "text": "they round trip because they're always a"}, {"start": "00:09:05", "end": "00:09:09", "text": "bit lagging. But anyway, so we're going"}, {"start": "00:09:07", "end": "00:09:11", "text": "to be discussing that more as um as as"}, {"start": "00:09:09", "end": "00:09:13", "text": "bull market uh comes back. But uh just"}, {"start": "00:09:11", "end": "00:09:16", "text": "know if you're here, if you're in"}, {"start": "00:09:13", "end": "00:09:17", "text": "crypto, if you are here for cycles, you"}, {"start": "00:09:16", "end": "00:09:19", "text": "you will figure it out. Okay, you will"}, {"start": "00:09:17", "end": "00:09:21", "text": "figure it out. Uh if you don't round"}, {"start": "00:09:19", "end": "00:09:22", "text": "trip, if you round trip, it's all for"}, {"start": "00:09:21", "end": "00:09:24", "text": "nothing. If you round trip, you're just"}, {"start": "00:09:22", "end": "00:09:25", "text": "wasting time basically. So never round"}, {"start": "00:09:24", "end": "00:09:26", "text": "trip. If it's bare trend, you respect"}, {"start": "00:09:25", "end": "00:09:28", "text": "the bare trend. You respect"}, {"start": "00:09:26", "end": "00:09:30", "text": "the Now guys, look here."}, {"start": "00:09:28", "end": "00:09:33", "text": "Looking at SpaceX. SpaceX IPO is"}, {"start": "00:09:30", "end": "00:09:34", "text": "expected to create 4,000 new"}, {"start": "00:09:33", "end": "00:09:36", "text": "millionaires, okay? Including some"}, {"start": "00:09:34", "end": "00:09:38", "text": "cafeteria workers. So basically guys, if"}, {"start": "00:09:36", "end": "00:09:40", "text": "you're buying the IPO, I would be a bit"}, {"start": "00:09:38", "end": "00:09:42", "text": "careful because if you think about it,"}, {"start": "00:09:40", "end": "00:09:43", "text": "this is their time. By the way, big"}, {"start": "00:09:42", "end": "00:09:45", "text": "shout out to everyone who is working at"}, {"start": "00:09:43", "end": "00:09:46", "text": "SpaceX. If you are cafeteria worker,"}, {"start": "00:09:45", "end": "00:09:48", "text": "you're mopping the floor, you're"}, {"start": "00:09:46", "end": "00:09:51", "text": "creating the cookies, you're making"}, {"start": "00:09:48", "end": "00:09:53", "text": "fantastic, fantastic cakes, you're"}, {"start": "00:09:51", "end": "00:09:55", "text": "making fantastic cupcake, fantastic what"}, {"start": "00:09:53", "end": "00:09:58", "text": "you're making, tiramisu in the"}, {"start": "00:09:55", "end": "00:10:00", "text": "cafeteria, and you got shares in SpaceX."}, {"start": "00:09:58", "end": "00:10:03", "text": "Congrats. But you know, for us plebs who"}, {"start": "00:10:00", "end": "00:10:05", "text": "are not in SpaceX cafeteria, we've not"}, {"start": "00:10:03", "end": "00:10:08", "text": "been working mopping floor at SpaceX for"}, {"start": "00:10:05", "end": "00:10:10", "text": "Elon Musk and we did not get the shares."}, {"start": "00:10:08", "end": "00:10:12", "text": "We are going to be used as exit"}, {"start": "00:10:10", "end": "00:10:14", "text": "liquidity here. Now, I love all of the"}, {"start": "00:10:12", "end": "00:10:16", "text": "people becoming millionaires. Great. But"}, {"start": "00:10:14", "end": "00:10:18", "text": "I don't want to be funding it. Okay."}, {"start": "00:10:16", "end": "00:10:19", "text": "Now, I love Elon Seal. I love SpaceX."}, {"start": "00:10:18", "end": "00:10:21", "text": "So, when it starts trading, we're going"}, {"start": "00:10:19", "end": "00:10:23", "text": "to see what's going to happen. Will it"}, {"start": "00:10:21", "end": "00:10:27", "text": "find a bottom? Will it dump? Likely, we"}, {"start": "00:10:23", "end": "00:10:29", "text": "can get 50% off. Okay. But if you are an"}, {"start": "00:10:27", "end": "00:10:31", "text": "an employee, let's say you worked in"}, {"start": "00:10:29", "end": "00:10:33", "text": "Elon Musk cafeteria, you worked at the"}, {"start": "00:10:31", "end": "00:10:34", "text": "rocket, then for you is fantastic, man."}, {"start": "00:10:33", "end": "00:10:36", "text": "Big big congrats. Maybe someone from"}, {"start": "00:10:34", "end": "00:10:38", "text": "SpaceX is watching. Big congrats to you."}, {"start": "00:10:36", "end": "00:10:41", "text": "But we unfort we refuse to be your exit"}, {"start": "00:10:38", "end": "00:10:43", "text": "liquidity. Okay."}, {"start": "00:10:41", "end": "00:10:45", "text": "Let the bankers, let the pension funds,"}, {"start": "00:10:43", "end": "00:10:49", "text": "who the hell is buying the IPO? Let them"}, {"start": "00:10:45", "end": "00:10:50", "text": "buy. Let them buy. Big congrats to you."}, {"start": "00:10:49", "end": "00:10:53", "text": "Big congrats. But uh well, we're not"}, {"start": "00:10:50", "end": "00:10:55", "text": "exact liquidity. And listen, it's you"}, {"start": "00:10:53", "end": "00:10:58", "text": "have to understand that this our"}, {"start": "00:10:55", "end": "00:11:00", "text": "strategy. This our strategy. The risk is"}, {"start": "00:10:58", "end": "00:11:02", "text": "if you don't participate in the IPO, it"}, {"start": "00:11:00", "end": "00:11:03", "text": "just explodes. It goes to Valhalla"}, {"start": "00:11:02", "end": "00:11:05", "text": "forever and never comes back. That's the"}, {"start": "00:11:03", "end": "00:11:06", "text": "risk. But uh there's always risk in"}, {"start": "00:11:05", "end": "00:11:07", "text": "life. You never know. You never know. So"}, {"start": "00:11:06", "end": "00:11:09", "text": "you have to have a strategy. So my"}, {"start": "00:11:07", "end": "00:11:11", "text": "strategy is that uh I'm not pumping."}, {"start": "00:11:09", "end": "00:11:13", "text": "We're gonna see how it goes. It lists."}, {"start": "00:11:11", "end": "00:11:14", "text": "It flies. Good. If it flies, we're going"}, {"start": "00:11:13", "end": "00:11:16", "text": "to see that it's a bull trend on the"}, {"start": "00:11:14", "end": "00:11:18", "text": "daily, on the weekly. We join the"}, {"start": "00:11:16", "end": "00:11:20", "text": "bullsh. If it does not fly, we get"}, {"start": "00:11:18", "end": "00:11:21", "text": "discount. We get discount like like"}, {"start": "00:11:20", "end": "00:11:25", "text": "there's no tomorrow. And that's very"}, {"start": "00:11:21", "end": "00:11:26", "text": "very nice. Now, here uh many sources are"}, {"start": "00:11:25", "end": "00:11:28", "text": "saying 4,000 millionaires. So, probably"}, {"start": "00:11:26", "end": "00:11:30", "text": "it's is correct. And Jim Kramer saying"}, {"start": "00:11:28", "end": "00:11:33", "text": "that everyone is dumping the hell out of"}, {"start": "00:11:30", "end": "00:11:35", "text": "Bilcon and gold to participate in in"}, {"start": "00:11:33", "end": "00:11:37", "text": "SpaceX. Uh yeah, I mean probably it's"}, {"start": "00:11:35", "end": "00:11:40", "text": "it's some truth to that. At the same"}, {"start": "00:11:37", "end": "00:11:41", "text": "time, at the same time, there's also"}, {"start": "00:11:40", "end": "00:11:44", "text": "concerns with the Middle East and all of"}, {"start": "00:11:41", "end": "00:11:46", "text": "that. So, also probably a bit of profit"}, {"start": "00:11:44", "end": "00:11:48", "text": "taking from the market is due as well."}, {"start": "00:11:46", "end": "00:11:52", "text": "Guys, we have outflow in the Bitcoin"}, {"start": "00:11:48", "end": "00:11:54", "text": "ETF. There is still big big outflow, big"}, {"start": "00:11:52", "end": "00:11:57", "text": "outflow. So, Bitcoin ETF saw 91 million"}, {"start": "00:11:54", "end": "00:11:59", "text": "in net outflows on Monday. A slowdown"}, {"start": "00:11:57", "end": "00:12:00", "text": "from recent 300 to 500 million daily"}, {"start": "00:11:59", "end": "00:12:02", "text": "withdrawals. But still, you have a"}, {"start": "00:12:00", "end": "00:12:04", "text": "negative trend. Okay, this is the"}, {"start": "00:12:02", "end": "00:12:06", "text": "problem with the ETFs. They're good on"}, {"start": "00:12:04", "end": "00:12:07", "text": "the way up, they're bad on the way way"}, {"start": "00:12:06", "end": "00:12:09", "text": "down. Basically, it's like leverage,"}, {"start": "00:12:07", "end": "00:12:11", "text": "okay? When when when Bitcoin goes up,"}, {"start": "00:12:09", "end": "00:12:14", "text": "people put money in the ETF, we just go"}, {"start": "00:12:11", "end": "00:12:16", "text": "to Valhalla more and more. Now, we still"}, {"start": "00:12:14", "end": "00:12:18", "text": "have the curse of the ETF. Uh but"}, {"start": "00:12:16", "end": "00:12:20", "text": "hopefully, it will uh go down. Now, it's"}, {"start": "00:12:18", "end": "00:12:22", "text": "less. Now, it's less. I think more and"}, {"start": "00:12:20", "end": "00:12:23", "text": "more people see that Bitcoin at 200E"}, {"start": "00:12:22", "end": "00:12:25", "text": "moving average is is very good deal."}, {"start": "00:12:23", "end": "00:12:27", "text": "Actually, it's a very good deal. And"}, {"start": "00:12:25", "end": "00:12:28", "text": "this is the power of the 200E moving"}, {"start": "00:12:27", "end": "00:12:30", "text": "average. I mean, it's the blessing of"}, {"start": "00:12:28", "end": "00:12:31", "text": "the 200E moving average because everyone"}, {"start": "00:12:30", "end": "00:12:33", "text": "in finance knows that if something is at"}, {"start": "00:12:31", "end": "00:12:36", "text": "the 200 moving average, highest"}, {"start": "00:12:33", "end": "00:12:37", "text": "likelihood, it's good, fair price. If"}, {"start": "00:12:36", "end": "00:12:40", "text": "you have any kind of belief in crypto"}, {"start": "00:12:37", "end": "00:12:42", "text": "long-term, buying Bitcoin at 200E moving"}, {"start": "00:12:40", "end": "00:12:43", "text": "average is fantastic. That's why our buy"}, {"start": "00:12:42", "end": "00:12:45", "text": "zone people have been asking Ivan, how"}, {"start": "00:12:43", "end": "00:12:46", "text": "do you how did you do the buy zone? And"}, {"start": "00:12:45", "end": "00:12:48", "text": "also, why is the buy zone a bit higher"}, {"start": "00:12:46", "end": "00:12:50", "text": "than before? Because it's based on the"}, {"start": "00:12:48", "end": "00:12:52", "text": "200E moving average. As 200 week goes"}, {"start": "00:12:50", "end": "00:12:55", "text": "up, so is the buy zone. Byzone also goes"}, {"start": "00:12:52", "end": "00:12:57", "text": "up in October, you remember 200 moving"}, {"start": "00:12:55", "end": "00:13:00", "text": "average was uh I mean all the way down"}, {"start": "00:12:57", "end": "00:13:03", "text": "here. So the Bison was a bit lower also."}, {"start": "00:13:00", "end": "00:13:05", "text": "Now that the 200 200 week is moving up,"}, {"start": "00:13:03", "end": "00:13:07", "text": "so is the Bison. when you look at how"}, {"start": "00:13:05", "end": "00:13:09", "text": "the markets are seeing different assets"}, {"start": "00:13:07", "end": "00:13:11", "text": "is all in relative to their moving"}, {"start": "00:13:09", "end": "00:13:12", "text": "averages because moving average is the"}, {"start": "00:13:11", "end": "00:13:14", "text": "mean. So when you have reverse to the"}, {"start": "00:13:12", "end": "00:13:17", "text": "mean you have massive massive massive"}, {"start": "00:13:14", "end": "00:13:19", "text": "demand coming in. So that's why uh this"}, {"start": "00:13:17", "end": "00:13:21", "text": "buy zone is here because it's based on"}, {"start": "00:13:19", "end": "00:13:22", "text": "the global demand for an asset which the"}, {"start": "00:13:21", "end": "00:13:23", "text": "world I mean overall the world agrees"}, {"start": "00:13:22", "end": "00:13:25", "text": "that Bitcoin is going to be big in the"}, {"start": "00:13:23", "end": "00:13:27", "text": "future. The world overall agrees that"}, {"start": "00:13:25", "end": "00:13:29", "text": "Bitcoin is not going to go anywhere. So"}, {"start": "00:13:27", "end": "00:13:32", "text": "you just have this very nice riskreward"}, {"start": "00:13:29", "end": "00:13:35", "text": "where the world is on your side on your"}, {"start": "00:13:32", "end": "00:13:37", "text": "side. Everyone who has any kind of"}, {"start": "00:13:35", "end": "00:13:38", "text": "knowledge about finance they know that"}, {"start": "00:13:37", "end": "00:13:39", "text": "it's fantastic price at 200 week moving"}, {"start": "00:13:38", "end": "00:13:43", "text": "average. So that's how the buy zone"}, {"start": "00:13:39", "end": "00:13:45", "text": "works. And by the way it also includes"}, {"start": "00:13:43", "end": "00:13:47", "text": "this question that many people have. Uh"}, {"start": "00:13:45", "end": "00:13:49", "text": "namely that we did not pump a lot. Some"}, {"start": "00:13:47", "end": "00:13:51", "text": "people say that we did not pump a lot in"}, {"start": "00:13:49", "end": "00:13:52", "text": "the last bull market. Uh I mean I I"}, {"start": "00:13:51", "end": "00:13:53", "text": "would argue with that maybe a bit but"}, {"start": "00:13:52", "end": "00:13:55", "text": "okay let's say we did not pump. Many"}, {"start": "00:13:53", "end": "00:13:56", "text": "people say we did not pump a lot. We did"}, {"start": "00:13:55", "end": "00:13:58", "text": "not have a proper bull market. So we"}, {"start": "00:13:56", "end": "00:13:59", "text": "will not have a a bare market. That what"}, {"start": "00:13:58", "end": "00:14:01", "text": "they they have been saying. They've been"}, {"start": "00:13:59", "end": "00:14:03", "text": "fully wrong. But actually the 200 moving"}, {"start": "00:14:01", "end": "00:14:06", "text": "average takes care of that also because"}, {"start": "00:14:03", "end": "00:14:09", "text": "if we don't pump a lot then the distance"}, {"start": "00:14:06", "end": "00:14:11", "text": "from the peak to 200 moving average is"}, {"start": "00:14:09", "end": "00:14:13", "text": "not that big. So historically from the"}, {"start": "00:14:11", "end": "00:14:16", "text": "peak to 200 week moving average you had"}, {"start": "00:14:13", "end": "00:14:19", "text": "to drop more than we dropped now. So now"}, {"start": "00:14:16", "end": "00:14:21", "text": "from the peak uh to 200 week moving"}, {"start": "00:14:19", "end": "00:14:23", "text": "average we dropped like you know 50"}, {"start": "00:14:21", "end": "00:14:26", "text": "something%. Last bare market it was 70%."}, {"start": "00:14:23", "end": "00:14:27", "text": "Because we pumped more in the bull. So"}, {"start": "00:14:26", "end": "00:14:29", "text": "is is the best like this system with the"}, {"start": "00:14:27", "end": "00:14:31", "text": "200 week moving average is the best. It"}, {"start": "00:14:29", "end": "00:14:33", "text": "captures all of these questions people"}, {"start": "00:14:31", "end": "00:14:35", "text": "have. Uh, you know, we did not pump a"}, {"start": "00:14:33", "end": "00:14:37", "text": "lot, so we don't dump a lot. It's, you"}, {"start": "00:14:35", "end": "00:14:38", "text": "know, sir, sir pump a lot. People said,"}, {"start": "00:14:37", "end": "00:14:40", "text": "\"Where's the sir Pumpalot?\" You guys"}, {"start": "00:14:38", "end": "00:14:42", "text": "know, you know, Sir Camelot. I had a guy"}, {"start": "00:14:40", "end": "00:14:43", "text": "in the comment section. He was Sir"}, {"start": "00:14:42", "end": "00:14:45", "text": "Pumpalot. Maybe he got wrecked or"}, {"start": "00:14:43", "end": "00:14:47", "text": "something. I haven't seen him maybe in"}, {"start": "00:14:45", "end": "00:14:49", "text": "years, but in 2021, we did have Sir"}, {"start": "00:14:47", "end": "00:14:51", "text": "Palot. You guys remember? I don't see"}, {"start": "00:14:49", "end": "00:14:54", "text": "him now in the comments. Probably got"}, {"start": "00:14:51", "end": "00:14:58", "text": "wrecked. Guys, look here. XRP XRP with"}, {"start": "00:14:54", "end": "00:15:01", "text": "the endless hustle. Endless Hustle has"}, {"start": "00:14:58", "end": "00:15:04", "text": "actually a net inflow of 7 million."}, {"start": "00:15:01", "end": "00:15:06", "text": "While Bitcoin and ETH have outflows, XRP"}, {"start": "00:15:04", "end": "00:15:09", "text": "somehow they attract inflow in the ETF."}, {"start": "00:15:06", "end": "00:15:11", "text": "And this is where"}, {"start": "00:15:09", "end": "00:15:13", "text": "with XRP, you know, we just respect the"}, {"start": "00:15:11", "end": "00:15:16", "text": "the hustle. We just respect the hustle."}, {"start": "00:15:13", "end": "00:15:19", "text": "We just respect the grind. The fact that"}, {"start": "00:15:16", "end": "00:15:21", "text": "Vaporware is still here after like 10"}, {"start": "00:15:19", "end": "00:15:23", "text": "plus years in the Vaporware and they"}, {"start": "00:15:21", "end": "00:15:25", "text": "still have all of the info. I just"}, {"start": "00:15:23", "end": "00:15:27", "text": "respect the hustle at this one. Some"}, {"start": "00:15:25", "end": "00:15:28", "text": "people saying snake hole in the"}, {"start": "00:15:27", "end": "00:15:30", "text": "comments. Yeah, exactly. I just respect"}, {"start": "00:15:28", "end": "00:15:32", "text": "the hustle at this point. How the hell"}, {"start": "00:15:30", "end": "00:15:34", "text": "they're able to still be here after all"}, {"start": "00:15:32", "end": "00:15:38", "text": "of these years? I remember in 2017 when"}, {"start": "00:15:34", "end": "00:15:40", "text": "I joined a crypto content, it started"}, {"start": "00:15:38", "end": "00:15:43", "text": "doing content. We discussed Ripple and"}, {"start": "00:15:40", "end": "00:15:45", "text": "it was a bit of vaporware, man. Uh"}, {"start": "00:15:43", "end": "00:15:47", "text": "almost 10 years later, almost 10 years"}, {"start": "00:15:45", "end": "00:15:49", "text": "later, by the way, this channel has some"}, {"start": "00:15:47", "end": "00:15:51", "text": "10 year anniversary. Almost 10 years"}, {"start": "00:15:49", "end": "00:15:52", "text": "later, like it's the same, man. It's the"}, {"start": "00:15:51", "end": "00:15:54", "text": "same. Still no one really understands"}, {"start": "00:15:52", "end": "00:15:57", "text": "what L XRP token is for. where it's"}, {"start": "00:15:54", "end": "00:16:00", "text": "used, who the hell uses it, where is it,"}, {"start": "00:15:57", "end": "00:16:02", "text": "but it's still here and it has more"}, {"start": "00:16:00", "end": "00:16:05", "text": "inflow than freaking ETH and Bitcoin."}, {"start": "00:16:02", "end": "00:16:07", "text": "There you go. And actually, now XRP has"}, {"start": "00:16:05", "end": "00:16:09", "text": "less heat than even ETH. Isn't that"}, {"start": "00:16:07", "end": "00:16:11", "text": "crazy? Now, everyone hates ETH because"}, {"start": "00:16:09", "end": "00:16:13", "text": "of all of the L2s. Vitalic is writing a"}, {"start": "00:16:11", "end": "00:16:15", "text": "novel. No one is really like attacking"}, {"start": "00:16:13", "end": "00:16:17", "text": "XRP for anything. So, quite interesting."}, {"start": "00:16:15", "end": "00:16:21", "text": "Looking at the L2s, by the way, uh you"}, {"start": "00:16:17", "end": "00:16:23", "text": "have a shutdown of BTC L2 Botanics,"}, {"start": "00:16:21", "end": "00:16:25", "text": "Botanics Labs. Well, they had spider"}, {"start": "00:16:23", "end": "00:16:27", "text": "chain, which is the name of the L2. The"}, {"start": "00:16:25", "end": "00:16:28", "text": "developers are called Botanics Lab."}, {"start": "00:16:27", "end": "00:16:32", "text": "They're shutting down, saying that there"}, {"start": "00:16:28", "end": "00:16:34", "text": "is no demand for Bitcoin L2s, and you"}, {"start": "00:16:32", "end": "00:16:35", "text": "have to withdraw assets. So, guys, if"}, {"start": "00:16:34", "end": "00:16:36", "text": "you've been using Bitcoin L2, I don't"}, {"start": "00:16:35", "end": "00:16:38", "text": "think you have because no one has been"}, {"start": "00:16:36", "end": "00:16:40", "text": "really using it, but uh just so you"}, {"start": "00:16:38", "end": "00:16:42", "text": "know, uh public uh service information."}, {"start": "00:16:40", "end": "00:16:45", "text": "Okay, just so you know, Tom Lee keeps"}, {"start": "00:16:42", "end": "00:16:47", "text": "buying ETH. Keeps buying ETH. Fantastic."}, {"start": "00:16:45", "end": "00:16:49", "text": "Fantastic. Lowering his ETH price. Good."}, {"start": "00:16:47", "end": "00:16:50", "text": "I mean, it was good that he can buy"}, {"start": "00:16:49", "end": "00:16:52", "text": "cheap here because his ETH price average"}, {"start": "00:16:50", "end": "00:16:54", "text": "now is like 3.8. he keeps buying. So"}, {"start": "00:16:52", "end": "00:16:55", "text": "over the last three days, he just bought"}, {"start": "00:16:54", "end": "00:16:57", "text": "and bought and bought and bought and"}, {"start": "00:16:55", "end": "00:17:00", "text": "bought. So overall, I think for his"}, {"start": "00:16:57", "end": "00:17:01", "text": "company is quite good. And uh you see"}, {"start": "00:17:00", "end": "00:17:03", "text": "soon we we're on the same page as Tom"}, {"start": "00:17:01", "end": "00:17:05", "text": "Leon, guys. You know, we've been very"}, {"start": "00:17:03", "end": "00:17:06", "text": "divergent since October. We've been"}, {"start": "00:17:05", "end": "00:17:08", "text": "commenting a bit that he's not fully"}, {"start": "00:17:06", "end": "00:17:11", "text": "correct in his analysis since October,"}, {"start": "00:17:08", "end": "00:17:12", "text": "but soon it's time for the bull. So I'm"}, {"start": "00:17:11", "end": "00:17:15", "text": "soon I will be fully agreeing with"}, {"start": "00:17:12", "end": "00:17:17", "text": "Tomley. Tomley is going to be our best"}, {"start": "00:17:15", "end": "00:17:19", "text": "friend very very very soon. Currently"}, {"start": "00:17:17", "end": "00:17:21", "text": "still in bare trend. Still be careful."}, {"start": "00:17:19", "end": "00:17:23", "text": "But you know, as we get into Q4, as we"}, {"start": "00:17:21", "end": "00:17:24", "text": "get into 2024, man, Tom Lee and I, we're"}, {"start": "00:17:23", "end": "00:17:26", "text": "going to be we're going to be like this."}, {"start": "00:17:24", "end": "00:17:27", "text": "We're going to be this tight. Tom Lee"}, {"start": "00:17:26", "end": "00:17:29", "text": "and I, we're going to be sharing"}, {"start": "00:17:27", "end": "00:17:31", "text": "analysis. We're going to be speaking how"}, {"start": "00:17:29", "end": "00:17:33", "text": "Ethan is going to go to 62K because"}, {"start": "00:17:31", "end": "00:17:35", "text": "that's the problem with the macro guys"}, {"start": "00:17:33", "end": "00:17:37", "text": "overall. The same is with R Paul, all of"}, {"start": "00:17:35", "end": "00:17:39", "text": "the macro guys. See, I mean, at the end"}, {"start": "00:17:37", "end": "00:17:40", "text": "of the day, bull market is going to come"}, {"start": "00:17:39", "end": "00:17:43", "text": "and then they're going to say that they"}, {"start": "00:17:40", "end": "00:17:47", "text": "were right while you are wrecked 99%."}, {"start": "00:17:43", "end": "00:17:50", "text": "Okay? So that's why being macro analysis"}, {"start": "00:17:47", "end": "00:17:52", "text": "uh being macro analyst is always so so"}, {"start": "00:17:50", "end": "00:17:54", "text": "nice. I mean so forgiving. You say"}, {"start": "00:17:52", "end": "00:17:56", "text": "whatever you want at some point in time"}, {"start": "00:17:54", "end": "00:17:59", "text": "some of it is going to be true and even"}, {"start": "00:17:56", "end": "00:18:00", "text": "if it's uh true you it's not a certain"}, {"start": "00:17:59", "end": "00:18:02", "text": "that it will affect the market. Let's"}, {"start": "00:18:00", "end": "00:18:03", "text": "say your micro predictions come true."}, {"start": "00:18:02", "end": "00:18:05", "text": "Okay still the market maybe not react"}, {"start": "00:18:03", "end": "00:18:07", "text": "but at some point something's going to"}, {"start": "00:18:05", "end": "00:18:09", "text": "react. So that's why it's when you see"}, {"start": "00:18:07", "end": "00:18:11", "text": "someone calling themselves macro analyst"}, {"start": "00:18:09", "end": "00:18:13", "text": "on Twitter in in their bio sometimes"}, {"start": "00:18:11", "end": "00:18:16", "text": "it's popular. People say they're micro"}, {"start": "00:18:13", "end": "00:18:18", "text": "analysts. What all that means? Run, run,"}, {"start": "00:18:16", "end": "00:18:20", "text": "run, run, run, run. Their analysis, even"}, {"start": "00:18:18", "end": "00:18:22", "text": "if it's correct, you're still gonna go"}, {"start": "00:18:20", "end": "00:18:25", "text": "down 99%. Okay, it's a big problem with"}, {"start": "00:18:22", "end": "00:18:28", "text": "macro analyst. So, uh, currently, what"}, {"start": "00:18:25", "end": "00:18:30", "text": "do we see? We see ETH unstaking Q FUD."}, {"start": "00:18:28", "end": "00:18:32", "text": "Well, not anymore. Uh, today the exit Q"}, {"start": "00:18:30", "end": "00:18:34", "text": "is at zero. The entry queue, guys, we"}, {"start": "00:18:32", "end": "00:18:36", "text": "have the entry queue now. So, there is"}, {"start": "00:18:34", "end": "00:18:40", "text": "no more unstaking."}, {"start": "00:18:36", "end": "00:18:42", "text": "Now, there is a queue to start staking"}, {"start": "00:18:40", "end": "00:18:44", "text": "basically. Okay. The main reasons seems"}, {"start": "00:18:42", "end": "00:18:46", "text": "to be Bitmine. They buy all of the ETH"}, {"start": "00:18:44", "end": "00:18:48", "text": "and they stake it. Grayscale moves ETH"}, {"start": "00:18:46", "end": "00:18:50", "text": "to Coinbase Prime for staking. Everyone"}, {"start": "00:18:48", "end": "00:18:52", "text": "is staking ETH. Well, ETH is so cheap"}, {"start": "00:18:50", "end": "00:18:54", "text": "now. So, uh it's kind of the same"}, {"start": "00:18:52", "end": "00:18:56", "text": "analysis there. Let's see where ETH is."}, {"start": "00:18:54", "end": "00:18:57", "text": "If is probably way below the 200E moving"}, {"start": "00:18:56", "end": "00:18:59", "text": "average also because it just been"}, {"start": "00:18:57", "end": "00:19:00", "text": "sideways. Yeah, exactly. This thing has"}, {"start": "00:18:59", "end": "00:19:02", "text": "just been sideways for so long. It's"}, {"start": "00:19:00", "end": "00:19:05", "text": "200E moving average is just sideways"}, {"start": "00:19:02", "end": "00:19:07", "text": "also. So, uh yeah, people are seeing"}, {"start": "00:19:05", "end": "00:19:09", "text": "that it's it's it's cheap. It's cheap."}, {"start": "00:19:07", "end": "00:19:10", "text": "They're buying. They're staking. There"}, {"start": "00:19:09", "end": "00:19:12", "text": "you go. Still bare trend. So, be careful"}, {"start": "00:19:10", "end": "00:19:14", "text": "still. But overall, we're we're starting"}, {"start": "00:19:12", "end": "00:19:15", "text": "to get into this cheap territory where"}, {"start": "00:19:14", "end": "00:19:18", "text": "it becomes more and more of a"}, {"start": "00:19:15", "end": "00:19:22", "text": "no-brainer. Uh, looking at Mastercard,"}, {"start": "00:19:18", "end": "00:19:24", "text": "they have agent pay for machines, okay,"}, {"start": "00:19:22", "end": "00:19:26", "text": "with a Coinbase. Okay, it's Polygon."}, {"start": "00:19:24", "end": "00:19:29", "text": "Okay, there you go. So, machine to"}, {"start": "00:19:26", "end": "00:19:30", "text": "machine paying with crypto agents going"}, {"start": "00:19:29", "end": "00:19:32", "text": "to come. They're going to pay"}, {"start": "00:19:30", "end": "00:19:34", "text": "everything. MetaMask just added uh"}, {"start": "00:19:32", "end": "00:19:36", "text": "agents to to MetaMask wallet. So, let's"}, {"start": "00:19:34", "end": "00:19:37", "text": "see what else they're going to do, guys."}, {"start": "00:19:36", "end": "00:19:39", "text": "I mean, personally, I'm not too sure"}, {"start": "00:19:37", "end": "00:19:42", "text": "like how all of this going to be. your"}, {"start": "00:19:39", "end": "00:19:43", "text": "AI agent is gonna pay for you, man. I"}, {"start": "00:19:42", "end": "00:19:47", "text": "don't know. I don't know. I wouldn't"}, {"start": "00:19:43", "end": "00:19:49", "text": "allow any AI agent near my wallet. Okay."}, {"start": "00:19:47", "end": "00:19:50", "text": "Sometimes they're so so dumb. I mean,"}, {"start": "00:19:49", "end": "00:19:52", "text": "sometimes they're so dumb. You know, the"}, {"start": "00:19:50", "end": "00:19:54", "text": "the classic question, can you can you"}, {"start": "00:19:52", "end": "00:19:56", "text": "say tell me how many RS there are in"}, {"start": "00:19:54", "end": "00:19:58", "text": "Strawberry? It cannot even say that. Or"}, {"start": "00:19:56", "end": "00:20:00", "text": "or there's this guy on Instagram, I"}, {"start": "00:19:58", "end": "00:20:02", "text": "don't know if you guys have seen, he's"}, {"start": "00:20:00", "end": "00:20:04", "text": "exposing all the flaws in AI. He's"}, {"start": "00:20:02", "end": "00:20:07", "text": "telling it, you know, I'm going to run"}, {"start": "00:20:04", "end": "00:20:09", "text": "100 meters, take time, like say how fast"}, {"start": "00:20:07", "end": "00:20:11", "text": "I was. Then he in one second he says I'm"}, {"start": "00:20:09", "end": "00:20:14", "text": "done and the AS says yeah it took you 10"}, {"start": "00:20:11", "end": "00:20:16", "text": "seconds. What do you mean 10 seconds? I"}, {"start": "00:20:14", "end": "00:20:18", "text": "it took one second."}, {"start": "00:20:16", "end": "00:20:20", "text": "Anyway, if you've seen you've seen you"}, {"start": "00:20:18", "end": "00:20:22", "text": "know it but something that it's good at."}, {"start": "00:20:20", "end": "00:20:24", "text": "I tried it yesterday. I was uh I was"}, {"start": "00:20:22", "end": "00:20:26", "text": "trying the new model Fable. I mean"}, {"start": "00:20:24", "end": "00:20:28", "text": "coding is quite good. Coding is quite"}, {"start": "00:20:26", "end": "00:20:30", "text": "good because at the end of the day"}, {"start": "00:20:28", "end": "00:20:32", "text": "coding is like a simple thing. I mean"}, {"start": "00:20:30", "end": "00:20:35", "text": "overall for AI coding is quite simple."}, {"start": "00:20:32", "end": "00:20:37", "text": "It's um you know I mean most coding"}, {"start": "00:20:35", "end": "00:20:39", "text": "nowadays it's such a high level"}, {"start": "00:20:37", "end": "00:20:40", "text": "programming meaning that you as a"}, {"start": "00:20:39", "end": "00:20:42", "text": "developer you don't have to be super"}, {"start": "00:20:40", "end": "00:20:44", "text": "smart I mean you just you you I mean"}, {"start": "00:20:42", "end": "00:20:46", "text": "most developers who are not engineers"}, {"start": "00:20:44", "end": "00:20:48", "text": "like computer scientist but you know"}, {"start": "00:20:46", "end": "00:20:50", "text": "just learn coding somewhere they're not"}, {"start": "00:20:48", "end": "00:20:52", "text": "doing anything complex okay with all of"}, {"start": "00:20:50", "end": "00:20:54", "text": "the high level languages nowadays you"}, {"start": "00:20:52", "end": "00:20:55", "text": "don't have to be a math genius to do"}, {"start": "00:20:54", "end": "00:21:00", "text": "computer science okay you don't have to"}, {"start": "00:20:55", "end": "00:21:02", "text": "do it um so co so for coding AI because"}, {"start": "00:21:00", "end": "00:21:04", "text": "AI is all about co guessing the ne the X"}, {"start": "00:21:02", "end": "00:21:06", "text": "token completing the sentence. It's it's"}, {"start": "00:21:04", "end": "00:21:10", "text": "been it's been fantastic. Like I just"}, {"start": "00:21:06", "end": "00:21:12", "text": "told this latest agent um yesterday was"}, {"start": "00:21:10", "end": "00:21:14", "text": "what's his name? Fable. My guy Fable. I"}, {"start": "00:21:12", "end": "00:21:16", "text": "told him do I mean listen this is the"}, {"start": "00:21:14", "end": "00:21:20", "text": "whole project. I said create a game that"}, {"start": "00:21:16", "end": "00:21:22", "text": "looks like runus game. Then I said add"}, {"start": "00:21:20", "end": "00:21:24", "text": "uh add goblin enemy. Then I said add"}, {"start": "00:21:22", "end": "00:21:28", "text": "firemaking. Man it didn't quite And also"}, {"start": "00:21:24", "end": "00:21:28", "text": "by the way did you hear this?"}, {"start": "00:21:29", "end": "00:21:33", "text": "It composed its own music."}, {"start": "00:21:37", "end": "00:21:42", "text": "is I mean that's quite crazy. So I I"}, {"start": "00:21:40", "end": "00:21:44", "text": "love I love AI for this kind of stuff"}, {"start": "00:21:42", "end": "00:21:46", "text": "where it's good like you know creating"}, {"start": "00:21:44", "end": "00:21:48", "text": "code"}, {"start": "00:21:46", "end": "00:21:50", "text": "guessing a song like guessing a medieval"}, {"start": "00:21:48", "end": "00:21:52", "text": "song for Runescape is quite good. I mean"}, {"start": "00:21:50", "end": "00:21:57", "text": "let me play it too. So what else did I"}, {"start": "00:21:52", "end": "00:21:58", "text": "do? So again we can go here."}, {"start": "00:21:57", "end": "00:22:02", "text": "Look."}, {"start": "00:21:58", "end": "00:22:06", "text": "Isn't that cool? also. So"}, {"start": "00:22:02", "end": "00:22:08", "text": "it it did all it did all of the sound"}, {"start": "00:22:06", "end": "00:22:12", "text": "effects itself. Like it did the music"}, {"start": "00:22:08", "end": "00:22:15", "text": "itself, it did sound effect also itself."}, {"start": "00:22:12", "end": "00:22:15", "text": "Look here."}, {"start": "00:22:18", "end": "00:22:22", "text": "Isn't that crazy? Look here. Look here."}, {"start": "00:22:20", "end": "00:22:24", "text": "And then I told it to add fire making"}, {"start": "00:22:22", "end": "00:22:25", "text": "skill. I mean ju just to make you"}, {"start": "00:22:24", "end": "00:22:30", "text": "understand. I just said can you add fire"}, {"start": "00:22:25", "end": "00:22:35", "text": "making skill? And then look here."}, {"start": "00:22:30", "end": "00:22:35", "text": "Look here. Is that crazy?"}, {"start": "00:22:35", "end": "00:22:39", "text": "Look, look at like the the the effect."}, {"start": "00:22:37", "end": "00:22:42", "text": "Look, look at the fire effect. Is that"}, {"start": "00:22:39", "end": "00:22:46", "text": "crazy? Then, of course, I just said it."}, {"start": "00:22:42", "end": "00:22:47", "text": "Add fishing skill,"}, {"start": "00:22:46", "end": "00:22:49", "text": "man. I love being a developer nowadays."}, {"start": "00:22:47", "end": "00:22:52", "text": "It's the best. And it added fishing"}, {"start": "00:22:49", "end": "00:22:54", "text": "skill. Let Let me see. Where's the fish?"}, {"start": "00:22:52", "end": "00:22:56", "text": "There. There. There. See, we we we find"}, {"start": "00:22:54", "end": "00:22:58", "text": "the fish here."}, {"start": "00:22:56", "end": "00:23:00", "text": "Look here. Look here. Look here. Let's"}, {"start": "00:22:58", "end": "00:23:03", "text": "go fishing."}, {"start": "00:23:00", "end": "00:23:06", "text": "Look here. Here's a fish. Here's a fish."}, {"start": "00:23:03", "end": "00:23:10", "text": "Here's a fish. Okay. Then it has the"}, {"start": "00:23:06", "end": "00:23:12", "text": "goblins there, man. Is for this coding"}, {"start": "00:23:10", "end": "00:23:13", "text": "skills. It's fantastic, man. Fantastic."}, {"start": "00:23:12", "end": "00:23:15", "text": "Maybe we should launch a game, guys. Let"}, {"start": "00:23:13", "end": "00:23:17", "text": "me know if you if you should do some"}, {"start": "00:23:15", "end": "00:23:19", "text": "some gaming."}, {"start": "00:23:17", "end": "00:23:21", "text": "Guys, in bull market, we're going to see"}, {"start": "00:23:19", "end": "00:23:23", "text": "all kinds of uh uh you know, games."}, {"start": "00:23:21", "end": "00:23:24", "text": "Okay, we made games in crop. It's going"}, {"start": "00:23:23", "end": "00:23:26", "text": "to be crazy. It's going to be crazy."}, {"start": "00:23:24", "end": "00:23:28", "text": "Anyway, so that's that. So, why did I"}, {"start": "00:23:26", "end": "00:23:29", "text": "show you this? I don't even remember. Oh"}, {"start": "00:23:28", "end": "00:23:31", "text": "yeah. Yeah. It's because of this AI"}, {"start": "00:23:29", "end": "00:23:33", "text": "stuff. So there are some things my point"}, {"start": "00:23:31", "end": "00:23:35", "text": "here some things some things that AI is"}, {"start": "00:23:33", "end": "00:23:37", "text": "very good at. Coding is very good at"}, {"start": "00:23:35", "end": "00:23:38", "text": "coding. It's very good at coding because"}, {"start": "00:23:37", "end": "00:23:40", "text": "coding is basically you know complete"}, {"start": "00:23:38", "end": "00:23:44", "text": "the sentence. Everyone is like reusing"}, {"start": "00:23:40", "end": "00:23:47", "text": "the same uh uh the same uh framework the"}, {"start": "00:23:44", "end": "00:23:49", "text": "same thought process the same everything"}, {"start": "00:23:47", "end": "00:23:51", "text": "like the same patterns. Uh there's like"}, {"start": "00:23:49", "end": "00:23:53", "text": "established coding practices for most"}, {"start": "00:23:51", "end": "00:23:55", "text": "things. Now can AI do something where"}, {"start": "00:23:53", "end": "00:23:57", "text": "you actually need to use your brain?"}, {"start": "00:23:55", "end": "00:23:58", "text": "Okay. Because in coding like honestly in"}, {"start": "00:23:57", "end": "00:24:01", "text": "most cases you have to use your brain"}, {"start": "00:23:58", "end": "00:24:03", "text": "too much. Okay. Uh you do some UI, okay?"}, {"start": "00:24:01", "end": "00:24:05", "text": "You do some button like monkey can do it"}, {"start": "00:24:03", "end": "00:24:08", "text": "nowadays. Okay. I mean literally you"}, {"start": "00:24:05", "end": "00:24:09", "text": "just saw it. Okay. Now real brain you"}, {"start": "00:24:08", "end": "00:24:11", "text": "have to use if you do some bleeding edge"}, {"start": "00:24:09", "end": "00:24:14", "text": "stuff. Okay. You need a new algorithm."}, {"start": "00:24:11", "end": "00:24:16", "text": "You have to ensure that it's u good time"}, {"start": "00:24:14", "end": "00:24:17", "text": "complexity. You have to ensure all kinds"}, {"start": "00:24:16", "end": "00:24:19", "text": "of math stuff. Okay. There you have to"}, {"start": "00:24:17", "end": "00:24:21", "text": "use your brain because AI is not too"}, {"start": "00:24:19", "end": "00:24:23", "text": "good at math man. You asking some math"}, {"start": "00:24:21", "end": "00:24:26", "text": "question you know it's not going to be"}, {"start": "00:24:23", "end": "00:24:27", "text": "good. It's not going to be good. So"}, {"start": "00:24:26", "end": "00:24:29", "text": "that's why when they have all this"}, {"start": "00:24:27", "end": "00:24:30", "text": "agentic stuff, I'm very curious how it's"}, {"start": "00:24:29", "end": "00:24:32", "text": "going to be. I'm very curious."}, {"start": "00:24:30", "end": "00:24:35", "text": "Personally, I don't want to let uh let"}, {"start": "00:24:32", "end": "00:24:37", "text": "it into my wallet in any capacity. It's"}, {"start": "00:24:35", "end": "00:24:39", "text": "like I saw on Instagram another uh this"}, {"start": "00:24:37", "end": "00:24:41", "text": "one of this funny videos with AI where"}, {"start": "00:24:39", "end": "00:24:45", "text": "the guy said, \"Listen, I I'm a baker."}, {"start": "00:24:41", "end": "00:24:47", "text": "This guy wants to wants to buy my bread"}, {"start": "00:24:45", "end": "00:24:49", "text": "for $1, but I I want to sell it for"}, {"start": "00:24:47", "end": "00:24:51", "text": "$100. Please negotiate. Please negotiate"}, {"start": "00:24:49", "end": "00:24:53", "text": "for me. Don't sell it too cheap.\" And"}, {"start": "00:24:51", "end": "00:24:56", "text": "the the freaking AI sells it for like uh"}, {"start": "00:24:53", "end": "00:24:58", "text": "you know $2 or something. The guy told"}, {"start": "00:24:56", "end": "00:25:02", "text": "it sell it for a hundred or more some"}, {"start": "00:24:58", "end": "00:25:04", "text": "bread stuff and the AI just okay I sell"}, {"start": "00:25:02", "end": "00:25:06", "text": "it for two. They they it reached a deal"}, {"start": "00:25:04", "end": "00:25:08", "text": "with a customer. Okay. The customer"}, {"start": "00:25:06", "end": "00:25:10", "text": "gaslighted into accepting a lower deal."}, {"start": "00:25:08", "end": "00:25:12", "text": "So if the same thing happens in your"}, {"start": "00:25:10", "end": "00:25:14", "text": "wallet and now it's going to be making"}, {"start": "00:25:12", "end": "00:25:15", "text": "you know the transactions in your"}, {"start": "00:25:14", "end": "00:25:16", "text": "wallet. M it's going to be bad. It's"}, {"start": "00:25:15", "end": "00:25:18", "text": "going to be bad. Let's see. Let's see."}, {"start": "00:25:16", "end": "00:25:19", "text": "I'm I'm I'm optimistic but I'm cautious."}, {"start": "00:25:18", "end": "00:25:22", "text": "I'm not I'm not listing it in my wallet."}, {"start": "00:25:19", "end": "00:25:25", "text": "Okay. hang no AI is coming to any of my"}, {"start": "00:25:22", "end": "00:25:27", "text": "wallet guys. Uh I have to go like right"}, {"start": "00:25:25", "end": "00:25:28", "text": "now in in 7 minutes I have another"}, {"start": "00:25:27", "end": "00:25:30", "text": "meeting. So it's a bit shorter today but"}, {"start": "00:25:28", "end": "00:25:32", "text": "it's good. Sometimes long, sometimes"}, {"start": "00:25:30", "end": "00:25:33", "text": "short. Not always we need to do 50"}, {"start": "00:25:32", "end": "00:25:35", "text": "minutes. Sometimes we do a bit shorter"}, {"start": "00:25:33", "end": "00:25:36", "text": "25 minutes. It's good. It's good. Yeah."}, {"start": "00:25:35", "end": "00:25:39", "text": "Yeah. At both. You have variety. You"}, {"start": "00:25:36", "end": "00:25:41", "text": "have a you have a variety when it comes"}, {"start": "00:25:39", "end": "00:25:43", "text": "to the topics to the length is good."}, {"start": "00:25:41", "end": "00:25:45", "text": "Just like you eat fish, meat,"}, {"start": "00:25:43", "end": "00:25:47", "text": "vegetables, you need to have variety."}, {"start": "00:25:45", "end": "00:25:48", "text": "The same thing is for food for your"}, {"start": "00:25:47", "end": "00:25:51", "text": "brain which is good. more in crypto. Our"}, {"start": "00:25:48", "end": "00:25:53", "text": "show is very good food with variety. You"}, {"start": "00:25:51", "end": "00:25:55", "text": "don't have to eat a lot every day."}, {"start": "00:25:53", "end": "00:25:57", "text": "Sometimes eat a bit small. Don't don't"}, {"start": "00:25:55", "end": "00:25:59", "text": "put all of the stuff in your cookie"}, {"start": "00:25:57", "end": "00:26:01", "text": "hole. Time to close the cookie hole. So"}, {"start": "00:25:59", "end": "00:26:02", "text": "anyway guys, that's it. Thank you very"}, {"start": "00:26:01", "end": "00:26:04", "text": "much. See you all when see you all"}, {"start": "00:26:02", "end": "00:26:06", "text": "tomorrow. Big shout out to Guzman for"}, {"start": "00:26:04", "end": "00:26:08", "text": "time stamping us. Join Bulmania if you"}, {"start": "00:26:06", "end": "00:26:10", "text": "haven't yet. Join the wait list. We're"}, {"start": "00:26:08", "end": "00:26:13", "text": "currently closed, but if you are on the"}, {"start": "00:26:10", "end": "00:26:15", "text": "wait list, you will be getting a uh in"}, {"start": "00:26:13", "end": "00:26:16", "text": "an invite in the coming days because"}, {"start": "00:26:15", "end": "00:26:18", "text": "we're going to be opening up in the"}, {"start": "00:26:16", "end": "00:26:20", "text": "coming days. So guys, use the uh weight"}, {"start": "00:26:18", "end": "00:26:21", "text": "list link globally and come. See you all"}, {"start": "00:26:20", "end": "00:26:25", "text": "tomorrow. Have a good day and goodbye"}, {"start": "00:26:21", "end": "00:26:25", "text": "guys. Goodbye. Goodbye. Goodbye."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Oh yes, oh yes, oh yes, oh yes. Guys,"}, {"start": "00:00:01", "end": "00:00:05", "text": "welcome to another episode. As you can"}, {"start": "00:00:03", "end": "00:00:07", "text": "see right now, we do have something very"}, {"start": "00:00:05", "end": "00:00:10", "text": "interesting on the Bitcoin chart. We are"}, {"start": "00:00:07", "end": "00:00:13", "text": "sleeping below the 200 week moving"}, {"start": "00:00:10", "end": "00:00:15", "text": "average. And as you know, overall, we've"}, {"start": "00:00:13", "end": "00:00:18", "text": "been saying that this buy zone is likely"}, {"start": "00:00:15", "end": "00:00:19", "text": "where Bitcoin will find the bottom."}, {"start": "00:00:18", "end": "00:00:22", "text": "We're now in the buy zone for"}, {"start": "00:00:19", "end": "00:00:23", "text": "approximately a week. Very important"}, {"start": "00:00:22", "end": "00:00:26", "text": "cheap price for Bitcoin. Even though we"}, {"start": "00:00:23", "end": "00:00:28", "text": "expect lower, this is still cheap. And"}, {"start": "00:00:26", "end": "00:00:31", "text": "now, as you can see, we did have a bit"}, {"start": "00:00:28", "end": "00:00:34", "text": "of a bounce uh last week. We were here"}, {"start": "00:00:31", "end": "00:00:35", "text": "yesterday and the day before that above"}, {"start": "00:00:34", "end": "00:00:38", "text": "the 200 week. And now it seems that"}, {"start": "00:00:35", "end": "00:00:41", "text": "we're sleeping back down. Should we"}, {"start": "00:00:38", "end": "00:00:43", "text": "close the week below the 200 week moving"}, {"start": "00:00:41", "end": "00:00:46", "text": "average? Holy crap. We may see another"}, {"start": "00:00:43", "end": "00:00:48", "text": "elevator down. Another nice fantastic"}, {"start": "00:00:46", "end": "00:00:51", "text": "elevator down somewhere here. Maybe in"}, {"start": "00:00:48", "end": "00:00:54", "text": "the middle of the buy zone, 50K, 45K,"}, {"start": "00:00:51", "end": "00:00:56", "text": "and then that may be the final bottom. I"}, {"start": "00:00:54", "end": "00:00:58", "text": "mean, listen, isn't it beautiful? Isn't"}, {"start": "00:00:56", "end": "00:01:00", "text": "it beautiful that we may have the final"}, {"start": "00:00:58", "end": "00:01:02", "text": "bottom basically within the coming"}, {"start": "00:01:00", "end": "00:01:04", "text": "weeks? It would be insane. It actually"}, {"start": "00:01:02", "end": "00:01:06", "text": "almost too easy, almost too easy. And"}, {"start": "00:01:04", "end": "00:01:08", "text": "you know, in this market, some people"}, {"start": "00:01:06", "end": "00:01:10", "text": "are complaining so much like, \"Oh, it's"}, {"start": "00:01:08", "end": "00:01:12", "text": "been a hard bare market. Been so hard.\""}, {"start": "00:01:10", "end": "00:01:14", "text": "They say, \"Ivan, it's been so so hard.\""}, {"start": "00:01:12", "end": "00:01:16", "text": "I actually think it's probably the"}, {"start": "00:01:14", "end": "00:01:18", "text": "easiest probably the easiest bare market"}, {"start": "00:01:16", "end": "00:01:20", "text": "I've ever seen, guys. It it is true. Let"}, {"start": "00:01:18", "end": "00:01:21", "text": "me explain you why. I just saw this guy"}, {"start": "00:01:20", "end": "00:01:24", "text": "yesterday, by the way. Big shout out to"}, {"start": "00:01:21", "end": "00:01:26", "text": "him. He said this is the third time in"}, {"start": "00:01:24", "end": "00:01:28", "text": "crypto in crypto bear but for some"}, {"start": "00:01:26", "end": "00:01:30", "text": "reason is the hardest one. I don't"}, {"start": "00:01:28", "end": "00:01:31", "text": "understand really what he means because"}, {"start": "00:01:30", "end": "00:01:34", "text": "I think it's the easiest. I mean"}, {"start": "00:01:31", "end": "00:01:36", "text": "literally we had the peing Q4 I mean on"}, {"start": "00:01:34", "end": "00:01:38", "text": "schedule just like your train may or may"}, {"start": "00:01:36", "end": "00:01:40", "text": "not run on schedule depending on where"}, {"start": "00:01:38", "end": "00:01:41", "text": "you are. Maybe you're in Europe it's"}, {"start": "00:01:40", "end": "00:01:43", "text": "higher chance you're India the train is"}, {"start": "00:01:41", "end": "00:01:45", "text": "not going to come on time but okay let"}, {"start": "00:01:43", "end": "00:01:47", "text": "me let us know in the comment section."}, {"start": "00:01:45", "end": "00:01:49", "text": "But Bitcoin has been right on time Q4"}, {"start": "00:01:47", "end": "00:01:51", "text": "right on time and then it just had a"}, {"start": "00:01:49", "end": "00:01:54", "text": "high a lower high and a lower high."}, {"start": "00:01:51", "end": "00:01:55", "text": "Okay, no fake out where we do a fake"}, {"start": "00:01:54", "end": "00:01:58", "text": "higher high. I mean, that would be hard,"}, {"start": "00:01:55", "end": "00:02:00", "text": "man. If you want a hard bear market,"}, {"start": "00:01:58", "end": "00:02:03", "text": "then look at 2019 where we actually"}, {"start": "00:02:00", "end": "00:02:05", "text": "created a higher high and then we still"}, {"start": "00:02:03", "end": "00:02:08", "text": "went down quite a lot. Quite a lot,"}, {"start": "00:02:05", "end": "00:02:10", "text": "almost to to new cycle lows. So,"}, {"start": "00:02:08", "end": "00:02:11", "text": "overall, this market has been very easy."}, {"start": "00:02:10", "end": "00:02:13", "text": "Of course, when you go through day by"}, {"start": "00:02:11", "end": "00:02:15", "text": "day, you have all of the SCOP, people"}, {"start": "00:02:13", "end": "00:02:16", "text": "telling you that new bull market is"}, {"start": "00:02:15", "end": "00:02:18", "text": "coming. People telling you, hey, it's"}, {"start": "00:02:16", "end": "00:02:20", "text": "time to be bullish when it's just a"}, {"start": "00:02:18", "end": "00:02:22", "text": "lower high. people telling you, hey, you"}, {"start": "00:02:20", "end": "00:02:24", "text": "know, it's time to don't miss the bull."}, {"start": "00:02:22", "end": "00:02:26", "text": "Don't miss the bull. As if we created a"}, {"start": "00:02:24", "end": "00:02:28", "text": "bottom just a month after, you know,"}, {"start": "00:02:26", "end": "00:02:30", "text": "three months after the last peak. You"}, {"start": "00:02:28", "end": "00:02:32", "text": "also had Taiiki. Now, guys, I love"}, {"start": "00:02:30", "end": "00:02:34", "text": "Taiiki. He's been fully wrong. But I I"}, {"start": "00:02:32", "end": "00:02:37", "text": "still love Taiiki. Let me let me show"}, {"start": "00:02:34", "end": "00:02:39", "text": "you. But he's also created a lot of uh"}, {"start": "00:02:37", "end": "00:02:40", "text": "wrecked people. Okay, I love Taiiki"}, {"start": "00:02:39", "end": "00:02:43", "text": "still. I mean, he's maybe the only"}, {"start": "00:02:40", "end": "00:02:46", "text": "person I love who has been fully wrong,"}, {"start": "00:02:43", "end": "00:02:49", "text": "but because he he's humble. He took off"}, {"start": "00:02:46", "end": "00:02:51", "text": "his shirt. He said bears were right. I"}, {"start": "00:02:49", "end": "00:02:54", "text": "was wrong. I got wrecked. Okay. Fully"}, {"start": "00:02:51", "end": "00:02:56", "text": "fair, fully square. I love Tiki. But"}, {"start": "00:02:54", "end": "00:02:59", "text": "also he created many wrecked pleba. Many"}, {"start": "00:02:56", "end": "00:03:01", "text": "wreck le created because um I know for a"}, {"start": "00:02:59", "end": "00:03:04", "text": "fact like speaking with people that they"}, {"start": "00:03:01", "end": "00:03:05", "text": "got so excited because Tiki was bullish"}, {"start": "00:03:04", "end": "00:03:08", "text": "and you know I mean Tiki just explained"}, {"start": "00:03:05", "end": "00:03:10", "text": "his reasoning. He said that stretch is"}, {"start": "00:03:08", "end": "00:03:11", "text": "going to pump the market and we just did"}, {"start": "00:03:10", "end": "00:03:12", "text": "not buy it. You know on this channel"}, {"start": "00:03:11", "end": "00:03:14", "text": "we've been saying that stretch isn't"}, {"start": "00:03:12", "end": "00:03:15", "text": "going to pump anything especially"}, {"start": "00:03:14", "end": "00:03:17", "text": "because each and every month they have"}, {"start": "00:03:15", "end": "00:03:19", "text": "more and more trouble raising. We we saw"}, {"start": "00:03:17", "end": "00:03:21", "text": "clearly last month that they barely"}, {"start": "00:03:19", "end": "00:03:24", "text": "raised anything. Okay they run they had"}, {"start": "00:03:21", "end": "00:03:27", "text": "like three days remaining or something"}, {"start": "00:03:24", "end": "00:03:29", "text": "this month now he has uh today tomorrow"}, {"start": "00:03:27", "end": "00:03:31", "text": "and he has three days how he's going to"}, {"start": "00:03:29", "end": "00:03:35", "text": "raise with stretch being at like what is"}, {"start": "00:03:31", "end": "00:03:37", "text": "it 90 uh 96 is far away from 100. Uh 96"}, {"start": "00:03:35", "end": "00:03:39", "text": "is very far away. He always he's always"}, {"start": "00:03:37", "end": "00:03:41", "text": "at 99 or something. Let's see. Let's"}, {"start": "00:03:39", "end": "00:03:44", "text": "see. But anyway, so current situation is"}, {"start": "00:03:41", "end": "00:03:46", "text": "that we may have the final flash. It it"}, {"start": "00:03:44", "end": "00:03:50", "text": "would be insane. But it would be insane."}, {"start": "00:03:46", "end": "00:03:52", "text": "If this is the final flash,"}, {"start": "00:03:50", "end": "00:03:54", "text": "fantastic coffee. Then we have found the"}, {"start": "00:03:52", "end": "00:03:56", "text": "bottom. And uh yeah, then we we need to"}, {"start": "00:03:54", "end": "00:03:58", "text": "grind guys. Then we need to grind. We"}, {"start": "00:03:56", "end": "00:03:59", "text": "need to grind sideways. We need to"}, {"start": "00:03:58", "end": "00:04:02", "text": "confirm the bottom. We need to ensure"}, {"start": "00:03:59", "end": "00:04:05", "text": "that people get a bit apathetic. How you"}, {"start": "00:04:02", "end": "00:04:07", "text": "say apathy? They have apathy. Apathic."}, {"start": "00:04:05", "end": "00:04:10", "text": "Apathic. Apathetic. Pathetic. Who who"}, {"start": "00:04:07", "end": "00:04:11", "text": "the hell knows? But we need to have a"}, {"start": "00:04:10", "end": "00:04:14", "text": "bit of a boring season. That's why I'm"}, {"start": "00:04:11", "end": "00:04:18", "text": "telling you October, Q4, September,"}, {"start": "00:04:14", "end": "00:04:20", "text": "October likely we will have the nice"}, {"start": "00:04:18", "end": "00:04:22", "text": "fantastic bottom. Someone saying coffee"}, {"start": "00:04:20", "end": "00:04:24", "text": "is not black. It's black. It's black."}, {"start": "00:04:22", "end": "00:04:27", "text": "It's black. It's black."}, {"start": "00:04:24", "end": "00:04:30", "text": "It's just so fresh. You know that fresh"}, {"start": "00:04:27", "end": "00:04:34", "text": "coffee, it has a bit of this yellow."}, {"start": "00:04:30", "end": "00:04:36", "text": "Let me prove to you the blackness."}, {"start": "00:04:34", "end": "00:04:37", "text": "You see? Fully full of no milk, no"}, {"start": "00:04:36", "end": "00:04:38", "text": "sugar. Guys, welcome everyone who's"}, {"start": "00:04:37", "end": "00:04:41", "text": "watching live. We have a lot today. I"}, {"start": "00:04:38", "end": "00:04:44", "text": "mean my my whole tab is full. It's"}, {"start": "00:04:41", "end": "00:04:45", "text": "filled, not filled. Well, I I have so"}, {"start": "00:04:44", "end": "00:04:46", "text": "many tabs open. It's crazy. Do you see"}, {"start": "00:04:45", "end": "00:04:49", "text": "it? I have so many tabs. We have a lot"}, {"start": "00:04:46", "end": "00:04:51", "text": "lot to discuss today. Welcome everyone"}, {"start": "00:04:49", "end": "00:04:53", "text": "who is watching live. Big shout out to"}, {"start": "00:04:51", "end": "00:04:56", "text": "Matt for protecting us against spammers"}, {"start": "00:04:53", "end": "00:04:57", "text": "and scammers in the in the chat. So, uh,"}, {"start": "00:04:56", "end": "00:05:00", "text": "welcome. Let me know where you're in"}, {"start": "00:04:57", "end": "00:05:02", "text": "from everyone. And as always, check out"}, {"start": "00:05:00", "end": "00:05:04", "text": "booming.com if you haven't yet because"}, {"start": "00:05:02", "end": "00:05:06", "text": "we now have a weight list. All of you"}, {"start": "00:05:04", "end": "00:05:08", "text": "who were in the wait list yesterday,"}, {"start": "00:05:06", "end": "00:05:10", "text": "check your email because some of you may"}, {"start": "00:05:08", "end": "00:05:12", "text": "have gotten a few spots. We are"}, {"start": "00:05:10", "end": "00:05:13", "text": "currently at capacity in Bulman. It's"}, {"start": "00:05:12", "end": "00:05:15", "text": "been a crazy crazy time when people are"}, {"start": "00:05:13", "end": "00:05:17", "text": "realizing, \"Holy crap, I'm was right."}, {"start": "00:05:15", "end": "00:05:19", "text": "I'm almost right since October 8th.\""}, {"start": "00:05:17", "end": "00:05:21", "text": "Like the amount of uh requests we have"}, {"start": "00:05:19", "end": "00:05:24", "text": "to join now is quite insane. We're at"}, {"start": "00:05:21", "end": "00:05:26", "text": "cap, so we have weight list. Join weight"}, {"start": "00:05:24", "end": "00:05:27", "text": "list as soon as possible because um it's"}, {"start": "00:05:26", "end": "00:05:29", "text": "it's quite intense. I mean, for us, it's"}, {"start": "00:05:27", "end": "00:05:30", "text": "now quite intense. And if you want a"}, {"start": "00:05:29", "end": "00:05:32", "text": "spot, you should join weight list as"}, {"start": "00:05:30", "end": "00:05:33", "text": "soon as soon as soon as possible. And"}, {"start": "00:05:32", "end": "00:05:35", "text": "then as always, go to"}, {"start": "00:05:33", "end": "00:05:38", "text": "bunia.com/partners."}, {"start": "00:05:35", "end": "00:05:39", "text": "Here you get all of the discounts from"}, {"start": "00:05:38", "end": "00:05:41", "text": "all of the exchanges, all of the great"}, {"start": "00:05:39", "end": "00:05:43", "text": "deals, especially now that the bare"}, {"start": "00:05:41", "end": "00:05:44", "text": "market is coming to an end. You need"}, {"start": "00:05:43", "end": "00:05:46", "text": "fantastic signup bonus. You can trade"}, {"start": "00:05:44", "end": "00:05:48", "text": "with other people's money. So buy bit,"}, {"start": "00:05:46", "end": "00:05:49", "text": "you have nice signup bonus. Pionex with"}, {"start": "00:05:48", "end": "00:05:52", "text": "a bot. Watch the video about the bots."}, {"start": "00:05:49", "end": "00:05:53", "text": "Uh weeks, it's like buy bit but low KYC."}, {"start": "00:05:52", "end": "00:05:54", "text": "If you use this link over at"}, {"start": "00:05:53", "end": "00:05:56", "text": "bullion.com/partners, you also get big"}, {"start": "00:05:54", "end": "00:05:58", "text": "fast signup bonus. Watch the tutorial"}, {"start": "00:05:56", "end": "00:06:01", "text": "and etc, etc, etc, etc, etc. Now guys,"}, {"start": "00:05:58", "end": "00:06:02", "text": "look here. Bob Lucas came out and said"}, {"start": "00:06:01", "end": "00:06:05", "text": "that the Bitcoin low could be in for"}, {"start": "00:06:02", "end": "00:06:07", "text": "this cycle. I think I think guys that uh"}, {"start": "00:06:05", "end": "00:06:09", "text": "it's a bit unlikely. It's a bit"}, {"start": "00:06:07", "end": "00:06:11", "text": "unlikely. Now I agree with Bob on many"}, {"start": "00:06:09", "end": "00:06:14", "text": "things. I think he's uh fantastic. But"}, {"start": "00:06:11", "end": "00:06:17", "text": "the fact that we are now sliding down"}, {"start": "00:06:14", "end": "00:06:19", "text": "below 200 week, I feel that uh the"}, {"start": "00:06:17", "end": "00:06:22", "text": "likelihood of us going a bit lower than"}, {"start": "00:06:19", "end": "00:06:24", "text": "than this uh 58 low is quite big. Now"}, {"start": "00:06:22", "end": "00:06:26", "text": "would it surprise me if u this is the"}, {"start": "00:06:24", "end": "00:06:28", "text": "bottom and we don't go below it? It"}, {"start": "00:06:26", "end": "00:06:31", "text": "wouldn't surprise me, but I think it's"}, {"start": "00:06:28", "end": "00:06:33", "text": "more unlikely. you know, it's it's uh I"}, {"start": "00:06:31", "end": "00:06:35", "text": "would say 30% that this is the bottom"}, {"start": "00:06:33", "end": "00:06:37", "text": "and then 70% that we have another flash"}, {"start": "00:06:35", "end": "00:06:39", "text": "why because we're just now slicing below"}, {"start": "00:06:37", "end": "00:06:42", "text": "200 week. Okay, here we got a bit of"}, {"start": "00:06:39", "end": "00:06:44", "text": "initial support. Now we're slicing down"}, {"start": "00:06:42", "end": "00:06:46", "text": "below and uh yeah, when you slide down"}, {"start": "00:06:44", "end": "00:06:49", "text": "below a significant moving average, a"}, {"start": "00:06:46", "end": "00:06:52", "text": "significant support uh it is in most"}, {"start": "00:06:49", "end": "00:06:53", "text": "cases leading to flash. So not always"}, {"start": "00:06:52", "end": "00:06:54", "text": "again everything is probabilistic. I"}, {"start": "00:06:53", "end": "00:06:56", "text": "don't know what's going to happen"}, {"start": "00:06:54", "end": "00:07:00", "text": "exactly, but I can tell you with 70%"}, {"start": "00:06:56", "end": "00:07:03", "text": "chance, we have sliding lower and likely"}, {"start": "00:07:00", "end": "00:07:04", "text": "have another red candle here somewhere"}, {"start": "00:07:03", "end": "00:07:06", "text": "to towards the middle of the buy zone."}, {"start": "00:07:04", "end": "00:07:08", "text": "But big shout out to Bob Lucas. He's"}, {"start": "00:07:06", "end": "00:07:10", "text": "been very very good in his uh in his"}, {"start": "00:07:08", "end": "00:07:12", "text": "approach to the market. He has uh I mean"}, {"start": "00:07:10", "end": "00:07:14", "text": "his audience is in a very good spot"}, {"start": "00:07:12", "end": "00:07:16", "text": "those that listen. So in this time, you"}, {"start": "00:07:14", "end": "00:07:18", "text": "know, after the because everyone is a"}, {"start": "00:07:16", "end": "00:07:19", "text": "genius in the bull in the bull man, you"}, {"start": "00:07:18", "end": "00:07:21", "text": "can have a monkey. The monkey is going"}, {"start": "00:07:19", "end": "00:07:22", "text": "to make money. You just throw the dart"}, {"start": "00:07:21", "end": "00:07:24", "text": "is bullish. You just say bullish,"}, {"start": "00:07:22", "end": "00:07:27", "text": "bullish, buy any crap, you're bullish."}, {"start": "00:07:24", "end": "00:07:30", "text": "Is the bare market where you really see"}, {"start": "00:07:27", "end": "00:07:33", "text": "who is blind leading the blind, who is"}, {"start": "00:07:30", "end": "00:07:34", "text": "fugazi, and who has been correct. Okay,"}, {"start": "00:07:33", "end": "00:07:36", "text": "it's only in the bear because again, but"}, {"start": "00:07:34", "end": "00:07:38", "text": "man, in the bull, you can listen to a"}, {"start": "00:07:36", "end": "00:07:39", "text": "monkey. So, you're going to maybe you're"}, {"start": "00:07:38", "end": "00:07:40", "text": "not going to be super great. You're"}, {"start": "00:07:39", "end": "00:07:43", "text": "going to be okay, man. You're going to"}, {"start": "00:07:40", "end": "00:07:45", "text": "be okay. Here we I mean, this bare"}, {"start": "00:07:43", "end": "00:07:48", "text": "market has revealed a lot. I mean, Bob"}, {"start": "00:07:45", "end": "00:07:50", "text": "Lucas has been playing it uh quite well"}, {"start": "00:07:48", "end": "00:07:52", "text": "and yeah, he's saying um likely the low"}, {"start": "00:07:50", "end": "00:07:53", "text": "isn't. I would disagree with him a bit"}, {"start": "00:07:52", "end": "00:07:55", "text": "there. But he's saying I would argue"}, {"start": "00:07:53", "end": "00:07:57", "text": "strongly is going to need three to five"}, {"start": "00:07:55", "end": "00:07:59", "text": "months of sideways. Okay. Uh correct."}, {"start": "00:07:57", "end": "00:08:01", "text": "That's all I I also I also also Let's"}, {"start": "00:07:59", "end": "00:08:04", "text": "see. I don't think the low is in. Isn't"}, {"start": "00:08:01", "end": "00:08:06", "text": "that what he just said? Low could be in."}, {"start": "00:08:04", "end": "00:08:08", "text": "I don't think the low is in. I'm"}, {"start": "00:08:06", "end": "00:08:09", "text": "pointing out. Oh yeah. Okay. Maybe we're"}, {"start": "00:08:08", "end": "00:08:11", "text": "the same then. I mean I also think that"}, {"start": "00:08:09", "end": "00:08:13", "text": "it could be the low. It's 30%. It could"}, {"start": "00:08:11", "end": "00:08:15", "text": "be the low. 70% will go lower. But for"}, {"start": "00:08:13", "end": "00:08:16", "text": "us the strategy here pra because people"}, {"start": "00:08:15", "end": "00:08:18", "text": "also ask I want I want practice"}, {"start": "00:08:16", "end": "00:08:20", "text": "practical. What's practical? So for us"}, {"start": "00:08:18", "end": "00:08:22", "text": "practically what does this mean here?"}, {"start": "00:08:20", "end": "00:08:24", "text": "You can DCA guys within the green zone."}, {"start": "00:08:22", "end": "00:08:25", "text": "It's very cheap. Bitcoin cheap bit at"}, {"start": "00:08:24", "end": "00:08:28", "text": "200 week moving average or below Bitcoin"}, {"start": "00:08:25", "end": "00:08:30", "text": "is cheap. So you can DCA. Now if you"}, {"start": "00:08:28", "end": "00:08:32", "text": "want maximum maximum capital efficiency"}, {"start": "00:08:30", "end": "00:08:34", "text": "then wait for the bull flip because when"}, {"start": "00:08:32", "end": "00:08:36", "text": "the weekly bullish then the likelihood"}, {"start": "00:08:34", "end": "00:08:38", "text": "of us just skyrocketing fast is very"}, {"start": "00:08:36", "end": "00:08:39", "text": "big. So if you want capital efficiency"}, {"start": "00:08:38", "end": "00:08:42", "text": "meaning that you put in the money you"}, {"start": "00:08:39", "end": "00:08:45", "text": "get return then wait for the bull flip."}, {"start": "00:08:42", "end": "00:08:47", "text": "If you want to DCA and maybe DCA for"}, {"start": "00:08:45", "end": "00:08:49", "text": "half a year in a downward market where"}, {"start": "00:08:47", "end": "00:08:51", "text": "we still find the bottom long-term,"}, {"start": "00:08:49", "end": "00:08:53", "text": "you're going to be fine here in the"}, {"start": "00:08:51", "end": "00:08:56", "text": "green zone, you you're buying at very"}, {"start": "00:08:53", "end": "00:08:58", "text": "very good value, very cheap price. Okay?"}, {"start": "00:08:56", "end": "00:08:59", "text": "But just know that you may you may waste"}, {"start": "00:08:58", "end": "00:09:01", "text": "like half a year here buying when it"}, {"start": "00:08:59", "end": "00:09:03", "text": "goes lower. You may be at loss. You"}, {"start": "00:09:01", "end": "00:09:05", "text": "know, six six months will pass and you"}, {"start": "00:09:03", "end": "00:09:06", "text": "don't have money to buy other things"}, {"start": "00:09:05", "end": "00:09:09", "text": "like AI stocks and everything else."}, {"start": "00:09:06", "end": "00:09:11", "text": "Depends on who you are. Both are fine."}, {"start": "00:09:09", "end": "00:09:12", "text": "Uh I'm telling you that here in the buy"}, {"start": "00:09:11", "end": "00:09:14", "text": "zone you will not go wrong. You will not"}, {"start": "00:09:12", "end": "00:09:16", "text": "go wrong. You will not feel retardio for"}, {"start": "00:09:14", "end": "00:09:18", "text": "buying in the buy zone. Uh it's always"}, {"start": "00:09:16", "end": "00:09:21", "text": "good to buy at around 200 week moving"}, {"start": "00:09:18", "end": "00:09:24", "text": "average. So uh that's that. Moving on."}, {"start": "00:09:21", "end": "00:09:25", "text": "Um we need to discuss the importance of"}, {"start": "00:09:24", "end": "00:09:28", "text": "not being impatient. By the FE also has"}, {"start": "00:09:25", "end": "00:09:29", "text": "been playing it very very well and it's"}, {"start": "00:09:28", "end": "00:09:30", "text": "very correct what he's saying here. Like"}, {"start": "00:09:29", "end": "00:09:32", "text": "you got to be patient guys. You got to"}, {"start": "00:09:30", "end": "00:09:33", "text": "be patient. The moment you stop chasing"}, {"start": "00:09:32", "end": "00:09:35", "text": "pumps and focus on strategy everything"}, {"start": "00:09:33", "end": "00:09:36", "text": "changes. And that's exactly exactly why"}, {"start": "00:09:35", "end": "00:09:39", "text": "we have the mechanical rules. They tell"}, {"start": "00:09:36", "end": "00:09:41", "text": "you what to buy, when to buy, how to"}, {"start": "00:09:39", "end": "00:09:43", "text": "buy, when to sell, and how to sell. This"}, {"start": "00:09:41", "end": "00:09:45", "text": "is the full M to mechanical rules"}, {"start": "00:09:43", "end": "00:09:46", "text": "approach. So yeah, go to the wait list"}, {"start": "00:09:45", "end": "00:09:48", "text": "if you want to join Bulmania, learn"}, {"start": "00:09:46", "end": "00:09:50", "text": "mechanical rules, get the money line,"}, {"start": "00:09:48", "end": "00:09:52", "text": "minus scanner, yada yada. Very, very"}, {"start": "00:09:50", "end": "00:09:55", "text": "correct. Tom Lee, Tom Lee buying more"}, {"start": "00:09:52", "end": "00:09:57", "text": "ETH from Kraken and Falcon eggs. Uh"}, {"start": "00:09:55", "end": "00:10:00", "text": "yeah, I mean, it's good that he can get"}, {"start": "00:09:57", "end": "00:10:02", "text": "his average uh average price down. It's"}, {"start": "00:10:00", "end": "00:10:05", "text": "very very very nice. So it's good that"}, {"start": "00:10:02", "end": "00:10:08", "text": "he he still has money. And um all in all"}, {"start": "00:10:05", "end": "00:10:09", "text": "it's uh yeah uh for I I think for Tom"}, {"start": "00:10:08", "end": "00:10:11", "text": "Lee listen he's going to be okay no"}, {"start": "00:10:09", "end": "00:10:12", "text": "matter what we've been speaking about"}, {"start": "00:10:11", "end": "00:10:14", "text": "that ETH eventually is going to come"}, {"start": "00:10:12", "end": "00:10:16", "text": "back I mean at some point if he can get"}, {"start": "00:10:14", "end": "00:10:18", "text": "the average price down he's he's going"}, {"start": "00:10:16", "end": "00:10:20", "text": "to be okay the problem is everyone who"}, {"start": "00:10:18", "end": "00:10:22", "text": "listened to Tom Lee in December in"}, {"start": "00:10:20", "end": "00:10:23", "text": "October in November and thought that if"}, {"start": "00:10:22", "end": "00:10:27", "text": "it's going to go to 60k now they're down"}, {"start": "00:10:23", "end": "00:10:29", "text": "a lot it's it went from 5k or where"}, {"start": "00:10:27", "end": "00:10:32", "text": "where was the old time like 5k so yeah"}, {"start": "00:10:29", "end": "00:10:34", "text": "that's that uh next next uh when you"}, {"start": "00:10:32", "end": "00:10:37", "text": "look at uh what's happening now, guys."}, {"start": "00:10:34", "end": "00:10:39", "text": "Uh, with the AI and everything, uh, it's"}, {"start": "00:10:37", "end": "00:10:40", "text": "going to be quite an interesting time"}, {"start": "00:10:39", "end": "00:10:41", "text": "for the stock market. Uh, I don't know"}, {"start": "00:10:40", "end": "00:10:42", "text": "what's going to happen. I mean, no one"}, {"start": "00:10:41", "end": "00:10:43", "text": "knows what's going to happen. If someone"}, {"start": "00:10:42", "end": "00:10:46", "text": "tells you what's going to happen,"}, {"start": "00:10:43", "end": "00:10:49", "text": "they're lying. But there is a bit of"}, {"start": "00:10:46", "end": "00:10:53", "text": "concern around all of this AI because"}, {"start": "00:10:49", "end": "00:10:55", "text": "the cost and the benefit of AI and also"}, {"start": "00:10:53", "end": "00:10:57", "text": "the cost of invest investing in all of"}, {"start": "00:10:55", "end": "00:10:58", "text": "the buildout hundreds of billions. It's"}, {"start": "00:10:57", "end": "00:11:00", "text": "a big big question. Like there's still"}, {"start": "00:10:58", "end": "00:11:02", "text": "an unanswered question here guys. And"}, {"start": "00:11:00", "end": "00:11:04", "text": "all of you who are in tech, who are in"}, {"start": "00:11:02", "end": "00:11:07", "text": "AI, you know it deep down also. But the"}, {"start": "00:11:04", "end": "00:11:11", "text": "unanswered question is, is LLM really"}, {"start": "00:11:07", "end": "00:11:13", "text": "the path to the AGI and all of the other"}, {"start": "00:11:11", "end": "00:11:15", "text": "use cases that the AI is being spoken"}, {"start": "00:11:13", "end": "00:11:17", "text": "about? Is LM really the correct model?"}, {"start": "00:11:15", "end": "00:11:20", "text": "Because it's not really improving too"}, {"start": "00:11:17", "end": "00:11:22", "text": "much. If you look at LLMs during the"}, {"start": "00:11:20", "end": "00:11:24", "text": "last three years, uh this like the same,"}, {"start": "00:11:22", "end": "00:11:25", "text": "man. It's the same. Like not too much"}, {"start": "00:11:24", "end": "00:11:26", "text": "has changed. Okay, maybe it's a bit"}, {"start": "00:11:25", "end": "00:11:28", "text": "better at causing, but sometimes it's"}, {"start": "00:11:26", "end": "00:11:30", "text": "also a bit worse. I mean some things I"}, {"start": "00:11:28", "end": "00:11:33", "text": "liked with Oppus my my you know my"}, {"start": "00:11:30", "end": "00:11:35", "text": "dearest relationship with AI is oppus"}, {"start": "00:11:33", "end": "00:11:39", "text": "4.6 uh it's still you know the first"}, {"start": "00:11:35", "end": "00:11:42", "text": "love or how you say but but the uh the"}, {"start": "00:11:39", "end": "00:11:43", "text": "updates 4.7 4.8 eight. I don't know if"}, {"start": "00:11:42", "end": "00:11:45", "text": "if they are better. I don't know if"}, {"start": "00:11:43", "end": "00:11:47", "text": "they're better. So question is we are"}, {"start": "00:11:45", "end": "00:11:49", "text": "now at the development in AI which is"}, {"start": "00:11:47", "end": "00:11:51", "text": "quite impressive but it's still far away"}, {"start": "00:11:49", "end": "00:11:55", "text": "from the vision that everyone is"}, {"start": "00:11:51", "end": "00:11:58", "text": "painting and is LLM model really the the"}, {"start": "00:11:55", "end": "00:11:59", "text": "solution is it really the how the"}, {"start": "00:11:58", "end": "00:12:02", "text": "intelligence is going to be developed"}, {"start": "00:11:59", "end": "00:12:04", "text": "further artificial intelligence because"}, {"start": "00:12:02", "end": "00:12:05", "text": "there are many differences with how our"}, {"start": "00:12:04", "end": "00:12:08", "text": "brain work how you know LLMs work. So"}, {"start": "00:12:05", "end": "00:12:11", "text": "while LLMs misunderstand me correctly"}, {"start": "00:12:08", "end": "00:12:12", "text": "here, I love LLMs. They have a big use"}, {"start": "00:12:11", "end": "00:12:15", "text": "case. They have a massive use case. The"}, {"start": "00:12:12", "end": "00:12:17", "text": "use case is great. But it's not about"}, {"start": "00:12:15", "end": "00:12:20", "text": "that. It's about what are we investing"}, {"start": "00:12:17", "end": "00:12:22", "text": "for? Trillions of dollars into all kinds"}, {"start": "00:12:20", "end": "00:12:24", "text": "of infrastructure buildout and will that"}, {"start": "00:12:22", "end": "00:12:28", "text": "technology get us there. So uh this is"}, {"start": "00:12:24", "end": "00:12:30", "text": "an interesting take about the the AI"}, {"start": "00:12:28", "end": "00:12:32", "text": "space and uh what's happening now with"}, {"start": "00:12:30", "end": "00:12:34", "text": "yeah with all of the IPOs"}, {"start": "00:12:32", "end": "00:12:38", "text": ">> functional that coding is. But the"}, {"start": "00:12:34", "end": "00:12:40", "text": "biggest thing by far is that the con is"}, {"start": "00:12:38", "end": "00:12:42", "text": "the financial side. The con is the fact"}, {"start": "00:12:40", "end": "00:12:45", "text": "that most people's experience of AI is"}, {"start": "00:12:42", "end": "00:12:48", "text": "unrealistic when it comes to the cost."}, {"start": "00:12:45", "end": "00:12:50", "text": "So you using chat GPT I believe the"}, {"start": "00:12:48", "end": "00:12:52", "text": "subscriptions will go away. I think we"}, {"start": "00:12:50", "end": "00:12:54", "text": "are just at the dawn of tokenbased"}, {"start": "00:12:52", "end": "00:12:57", "text": "billing. Meaning that most people's use"}, {"start": "00:12:54", "end": "00:12:58", "text": "of claude code for example is based on a"}, {"start": "00:12:57", "end": "00:13:01", "text": "relatively unlimited you can burn"}, {"start": "00:12:58", "end": "00:13:05", "text": "between $8 and $135 for every dollar of"}, {"start": "00:13:01", "end": "00:13:07", "text": "your subscription in tokens. So most"}, {"start": "00:13:05", "end": "00:13:08", "text": "people's experience of AI is separate"}, {"start": "00:13:07", "end": "00:13:10", "text": "from the cost, divorce from the cost."}, {"start": "00:13:08", "end": "00:13:12", "text": "And this was a deliberate con on the"}, {"start": "00:13:10", "end": "00:13:14", "text": "part of Sam Hortman and Dario Amade"}, {"start": "00:13:12", "end": "00:13:16", "text": "because they both knew that if they"}, {"start": "00:13:14", "end": "00:13:18", "text": "actually made people pay on a per"}, {"start": "00:13:16", "end": "00:13:21", "text": "million token basis to use these things,"}, {"start": "00:13:18", "end": "00:13:23", "text": "they go, \"Wait, how much? What? Whoa."}, {"start": "00:13:21", "end": "00:13:24", "text": "This this thing messed up and I still"}, {"start": "00:13:23", "end": "00:13:26", "text": "had to pay. And you're kind of seeing"}, {"start": "00:13:24", "end": "00:13:27", "text": "that already with the enterprise"}, {"start": "00:13:26", "end": "00:13:29", "text": "customers, the Ubers and Walmarts of the"}, {"start": "00:13:27", "end": "00:13:29", "text": "world who are starting to have to pull"}, {"start": "00:13:29", "end": "00:13:31", "text": "back."}, {"start": "00:13:29", "end": "00:13:33", "text": ">> This is the token maxing soul searching."}, {"start": "00:13:31", "end": "00:13:36", "text": ">> Guys, you remember yesterday we"}, {"start": "00:13:33", "end": "00:13:38", "text": "discussed this that cost of AI is crazy."}, {"start": "00:13:36", "end": "00:13:39", "text": "It's always been crazy, but it has been"}, {"start": "00:13:38", "end": "00:13:41", "text": "hidden. It has been hidden from the"}, {"start": "00:13:39", "end": "00:13:42", "text": "consumer. It has been hidden from the"}, {"start": "00:13:41", "end": "00:13:44", "text": "corporations because tokens were"}, {"start": "00:13:42", "end": "00:13:47", "text": "subsidized. Like he says, you pay 10% of"}, {"start": "00:13:44", "end": "00:13:50", "text": "the actual cost. And now just to be"}, {"start": "00:13:47", "end": "00:13:52", "text": "somehow sustainable they did have"}, {"start": "00:13:50", "end": "00:13:54", "text": "anthropic open they did have to increase"}, {"start": "00:13:52", "end": "00:13:56", "text": "the cost for enterprise to basically so"}, {"start": "00:13:54", "end": "00:13:57", "text": "they're not burning money so they're not"}, {"start": "00:13:56", "end": "00:13:59", "text": "losing money and what happened"}, {"start": "00:13:57", "end": "00:14:02", "text": "enterprise instantly cancelled the"}, {"start": "00:13:59", "end": "00:14:03", "text": "contract Microsoft said we cannot use"}, {"start": "00:14:02", "end": "00:14:06", "text": "cloud call it's too expensive it's too"}, {"start": "00:14:03", "end": "00:14:09", "text": "expensive while the average player is"}, {"start": "00:14:06", "end": "00:14:11", "text": "still believing that all of this all of"}, {"start": "00:14:09", "end": "00:14:14", "text": "this AI that they're using every day"}, {"start": "00:14:11", "end": "00:14:17", "text": "it's so cheap it's so you know just open"}, {"start": "00:14:14", "end": "00:14:19", "text": "chat GPT and you So at some point the"}, {"start": "00:14:17", "end": "00:14:21", "text": "prices will have to be hiked a lot a"}, {"start": "00:14:19", "end": "00:14:23", "text": "lot. But but but but before that happens"}, {"start": "00:14:21", "end": "00:14:26", "text": "they go IPO trillions and trillions and"}, {"start": "00:14:23", "end": "00:14:27", "text": "trillions. Team cashes out founder"}, {"start": "00:14:26", "end": "00:14:29", "text": "cashes out and then of course they're"}, {"start": "00:14:27", "end": "00:14:32", "text": "going to still know try to build it."}, {"start": "00:14:29", "end": "00:14:34", "text": "Maybe they figure figure a way to to"}, {"start": "00:14:32", "end": "00:14:36", "text": "make it work. But the most important"}, {"start": "00:14:34", "end": "00:14:38", "text": "thing is that we need to be careful"}, {"start": "00:14:36", "end": "00:14:40", "text": "around these IPOs. That's that's my main"}, {"start": "00:14:38", "end": "00:14:42", "text": "message. I mean longterm maybe they"}, {"start": "00:14:40", "end": "00:14:43", "text": "figure out how it's going to be cheap."}, {"start": "00:14:42", "end": "00:14:44", "text": "Longterm maybe I'm I'm not saying that"}, {"start": "00:14:43", "end": "00:14:46", "text": "AI is bad. And I'm saying, yeah, it's"}, {"start": "00:14:44", "end": "00:14:48", "text": "very good. But there is a specific event"}, {"start": "00:14:46", "end": "00:14:50", "text": "that's happening now with all of these"}, {"start": "00:14:48", "end": "00:14:52", "text": "big IPOs where the average player may"}, {"start": "00:14:50", "end": "00:14:54", "text": "think, oh, holy crap, it's it's so nice."}, {"start": "00:14:52", "end": "00:14:55", "text": "Like, I use CHBC every day. Let me"}, {"start": "00:14:54", "end": "00:14:57", "text": "invest. I use cloud every day. Let me"}, {"start": "00:14:55", "end": "00:14:59", "text": "invest. Without knowing the true"}, {"start": "00:14:57", "end": "00:15:02", "text": "mathematics there and what likely will"}, {"start": "00:14:59", "end": "00:15:06", "text": "happen is fantastic pump initial days,"}, {"start": "00:15:02", "end": "00:15:08", "text": "maybe some initial IPO pump. Then as the"}, {"start": "00:15:06", "end": "00:15:10", "text": "reality sets in and we look at the"}, {"start": "00:15:08", "end": "00:15:13", "text": "numbers, we see, holy crap, it has to be"}, {"start": "00:15:10", "end": "00:15:15", "text": "increased a lot. dump until they figure"}, {"start": "00:15:13", "end": "00:15:17", "text": "it out. And very likely they will figure"}, {"start": "00:15:15", "end": "00:15:19", "text": "something out. I mean, human progress"}, {"start": "00:15:17", "end": "00:15:20", "text": "evolution is going to be great. They're"}, {"start": "00:15:19", "end": "00:15:23", "text": "going to figure something out just like"}, {"start": "00:15:20", "end": "00:15:25", "text": "Amazon big pump then the dump and then"}, {"start": "00:15:23", "end": "00:15:27", "text": "they figure something out after crash a"}, {"start": "00:15:25", "end": "00:15:30", "text": "few years. They figure it out, man. They"}, {"start": "00:15:27", "end": "00:15:32", "text": "figure it out. So the the the main thing"}, {"start": "00:15:30", "end": "00:15:35", "text": "is is to be careful around this uh IPO."}, {"start": "00:15:32", "end": "00:15:37", "text": "I'm and uh I'm personally I'm just going"}, {"start": "00:15:35", "end": "00:15:38", "text": "to see how they're going to be trading"}, {"start": "00:15:37", "end": "00:15:39", "text": "on the daily, on the hourly, what are"}, {"start": "00:15:38", "end": "00:15:41", "text": "the trends. I'm not going to be"}, {"start": "00:15:39", "end": "00:15:43", "text": "following in on you know day one day one"}, {"start": "00:15:41", "end": "00:15:45", "text": "I I don't like doing that because I need"}, {"start": "00:15:43", "end": "00:15:47", "text": "to see real supply and demand. Okay, you"}, {"start": "00:15:45", "end": "00:15:49", "text": "say you are two trillion. Let's test it"}, {"start": "00:15:47", "end": "00:15:52", "text": "on the market. Is it really two trillion"}, {"start": "00:15:49", "end": "00:15:55", "text": "that you have the SpaceX or Anthrop like"}, {"start": "00:15:52", "end": "00:15:57", "text": "what is the price? Let's have real"}, {"start": "00:15:55", "end": "00:15:59", "text": "transactions taking place, supply"}, {"start": "00:15:57", "end": "00:16:01", "text": "demand, some people will sell, some"}, {"start": "00:15:59", "end": "00:16:03", "text": "people will buy. I want to see baseline"}, {"start": "00:16:01", "end": "00:16:05", "text": "established because I know that I'm not"}, {"start": "00:16:03", "end": "00:16:07", "text": "an insider guys. If you think that you"}, {"start": "00:16:05", "end": "00:16:09", "text": "going to be for more into IPO and"}, {"start": "00:16:07", "end": "00:16:11", "text": "somehow you know you're early, you're"}, {"start": "00:16:09", "end": "00:16:13", "text": "insider. I mean sadly guys, it's not how"}, {"start": "00:16:11", "end": "00:16:16", "text": "it is. If I would be real insider, I'm"}, {"start": "00:16:13", "end": "00:16:18", "text": "part of the team. I I I know some old"}, {"start": "00:16:16", "end": "00:16:20", "text": "man, some old man sitting here in my"}, {"start": "00:16:18", "end": "00:16:21", "text": "office. He tells me some stuff with how"}, {"start": "00:16:20", "end": "00:16:23", "text": "they're going to be doing and"}, {"start": "00:16:21", "end": "00:16:25", "text": "everything. Okay. May maybe it would be"}, {"start": "00:16:23", "end": "00:16:27", "text": "different. Maybe it would be different."}, {"start": "00:16:25", "end": "00:16:29", "text": "Now I don't know. Alman, I'm not part of"}, {"start": "00:16:27", "end": "00:16:31", "text": "the team. I don't have any like options"}, {"start": "00:16:29", "end": "00:16:34", "text": "and anything. I mean, those are the real"}, {"start": "00:16:31", "end": "00:16:36", "text": "insiders. Plebe Following early. It's"}, {"start": "00:16:34", "end": "00:16:38", "text": "not You're not insider. You're not"}, {"start": "00:16:36", "end": "00:16:40", "text": "You're not insider. Okay, let's"}, {"start": "00:16:38", "end": "00:16:43", "text": "continue."}, {"start": "00:16:40", "end": "00:16:45", "text": "is Uber isn't wasn't token maxing. They"}, {"start": "00:16:43", "end": "00:16:48", "text": "I don't think they had a leaderboard. I"}, {"start": "00:16:45", "end": "00:16:49", "text": "think I think they might have at some"}, {"start": "00:16:48", "end": "00:16:51", "text": "point, but they burned through their"}, {"start": "00:16:49", "end": "00:16:53", "text": "entire annual token budget in 4 months"}, {"start": "00:16:51", "end": "00:16:55", "text": "in the space of the first quarter. And"}, {"start": "00:16:53", "end": "00:16:56", "text": "then their COO Andrew McDonald said,"}, {"start": "00:16:55", "end": "00:16:59", "text": "\"It's getting hard to justify because"}, {"start": "00:16:56", "end": "00:17:02", "text": "you can't connect it to outcomes. This"}, {"start": "00:16:59", "end": "00:17:04", "text": "is we are years in. We can't we why are"}, {"start": "00:17:02", "end": "00:17:08", "text": "we all acting like this is going well?\""}, {"start": "00:17:04", "end": "00:17:10", "text": "It isn't. And so the experience of AI,"}, {"start": "00:17:08", "end": "00:17:13", "text": "the value judgments of AI are all based"}, {"start": "00:17:10", "end": "00:17:16", "text": "on phony metrics, an outright con about"}, {"start": "00:17:13", "end": "00:17:19", "text": "the costs, and quite frankly a very"}, {"start": "00:17:16", "end": "00:17:23", "text": "weird SCOP. The whole thing is a scop."}, {"start": "00:17:19", "end": "00:17:24", "text": "The cult of personality around"}, {"start": "00:17:23", "end": "00:17:26", "text": ">> Yeah. And and then you can watch"}, {"start": "00:17:24", "end": "00:17:28", "text": "further. It's it's less focused on the"}, {"start": "00:17:26", "end": "00:17:31", "text": "on the real signal here. And so guys, if"}, {"start": "00:17:28", "end": "00:17:33", "text": "you've been doing any kind of AI, AI"}, {"start": "00:17:31", "end": "00:17:34", "text": "development, AI science, I mean deep"}, {"start": "00:17:33", "end": "00:17:35", "text": "down, I think you know, I think I mean"}, {"start": "00:17:34", "end": "00:17:38", "text": "yours truly, you know, I'm a computer"}, {"start": "00:17:35", "end": "00:17:41", "text": "scientist in my part of my masters. We"}, {"start": "00:17:38", "end": "00:17:43", "text": "did the AI. This was in 2017. So, but"}, {"start": "00:17:41", "end": "00:17:45", "text": "LLMs were part neural networks were"}, {"start": "00:17:43", "end": "00:17:47", "text": "already developed there. I mean, it"}, {"start": "00:17:45", "end": "00:17:49", "text": "wasn't as good as shc. But one thing you"}, {"start": "00:17:47", "end": "00:17:51", "text": "know for sure that like this thing does"}, {"start": "00:17:49", "end": "00:17:52", "text": "not think it does not think it is"}, {"start": "00:17:51", "end": "00:17:55", "text": "probabilistic. It is completing the"}, {"start": "00:17:52", "end": "00:17:56", "text": "sentence is guessing the ne next token"}, {"start": "00:17:55", "end": "00:17:58", "text": "which has a lot of value like the value"}, {"start": "00:17:56", "end": "00:17:59", "text": "is immense again the value is immense"}, {"start": "00:17:58", "end": "00:18:01", "text": "but you have to compare it to what the"}, {"start": "00:17:59", "end": "00:18:03", "text": "hell the pleb is going to pay for it you"}, {"start": "00:18:01", "end": "00:18:05", "text": "can have okay for example let's say you"}, {"start": "00:18:03", "end": "00:18:06", "text": "have a good apartment you charge four"}, {"start": "00:18:05", "end": "00:18:08", "text": "times the price for it okay it's still"}, {"start": "00:18:06", "end": "00:18:10", "text": "good apartment man you still have the"}, {"start": "00:18:08", "end": "00:18:11", "text": "bathroom you have the toilet you have"}, {"start": "00:18:10", "end": "00:18:14", "text": "the view maybe even the view you have if"}, {"start": "00:18:11", "end": "00:18:17", "text": "the price is 500x"}, {"start": "00:18:14", "end": "00:18:18", "text": "500% on what it should be still bad deal"}, {"start": "00:18:17", "end": "00:18:21", "text": "for the pleb okay you understand you"}, {"start": "00:18:18", "end": "00:18:24", "text": "understand okay moving on uh next next"}, {"start": "00:18:21", "end": "00:18:26", "text": "Next, next, next. So, uh some updates"}, {"start": "00:18:24", "end": "00:18:29", "text": "from the industry. We have uh Hyperlid"}, {"start": "00:18:26", "end": "00:18:30", "text": "coming to near.com. Uh guys, if you"}, {"start": "00:18:29", "end": "00:18:32", "text": "haven't used near.com, you should try"}, {"start": "00:18:30", "end": "00:18:34", "text": "it. You should try it. It's basically"}, {"start": "00:18:32", "end": "00:18:37", "text": "the solution from near where you can"}, {"start": "00:18:34", "end": "00:18:39", "text": "take any coin from one from different"}, {"start": "00:18:37", "end": "00:18:44", "text": "like they have support 35 plus chase."}, {"start": "00:18:39", "end": "00:18:46", "text": "You can have uh privacy privacy swaps"}, {"start": "00:18:44", "end": "00:18:48", "text": "between all of the different chains. So"}, {"start": "00:18:46", "end": "00:18:50", "text": "let's say you have stable coin on Sana,"}, {"start": "00:18:48", "end": "00:18:52", "text": "you want to move it to ETH, you can"}, {"start": "00:18:50", "end": "00:18:54", "text": "privately swap it in a very very nice"}, {"start": "00:18:52", "end": "00:18:56", "text": "way. So it's actually part of the the"}, {"start": "00:18:54", "end": "00:18:58", "text": "privacy narrative. Near is part of the"}, {"start": "00:18:56", "end": "00:19:00", "text": "privacy narrative. That's number one."}, {"start": "00:18:58", "end": "00:19:03", "text": "And number two, now they also integrated"}, {"start": "00:19:00", "end": "00:19:05", "text": "Hyperlquid X. So you can u uh bridge"}, {"start": "00:19:03", "end": "00:19:08", "text": "privately assets across all of the"}, {"start": "00:19:05", "end": "00:19:10", "text": "chains, get them into Hyperlid, go nuts"}, {"start": "00:19:08", "end": "00:19:12", "text": "100x if you want if you want on"}, {"start": "00:19:10", "end": "00:19:15", "text": "Hyperlquid. Fantastic. So near.com is"}, {"start": "00:19:12", "end": "00:19:16", "text": "becoming quite an interesting um yeah"}, {"start": "00:19:15", "end": "00:19:19", "text": "quite an interesting platform overall"}, {"start": "00:19:16", "end": "00:19:21", "text": "where you know you go to like any chain"}, {"start": "00:19:19", "end": "00:19:23", "text": "uh website. It's just some fugazi"}, {"start": "00:19:21", "end": "00:19:25", "text": "information about L1 like how they how"}, {"start": "00:19:23", "end": "00:19:27", "text": "they're great. Near.com actually built a"}, {"start": "00:19:25", "end": "00:19:29", "text": "working working product and you should"}, {"start": "00:19:27", "end": "00:19:31", "text": "try it. It's one of these few cases"}, {"start": "00:19:29", "end": "00:19:33", "text": "where you go to the west you're like wow"}, {"start": "00:19:31", "end": "00:19:36", "text": "what the hell you can have priv I mean"}, {"start": "00:19:33", "end": "00:19:38", "text": "privacy built in swap across different"}, {"start": "00:19:36", "end": "00:19:39", "text": "uh chains. Let's say you have stable"}, {"start": "00:19:38", "end": "00:19:42", "text": "coin on ETH, you want it to Zcash. You"}, {"start": "00:19:39", "end": "00:19:44", "text": "can go you can do it via Near.com. So"}, {"start": "00:19:42", "end": "00:19:45", "text": "yeah, all in all, big shout out to Near"}, {"start": "00:19:44", "end": "00:19:46", "text": "because they've been uh they've been"}, {"start": "00:19:45", "end": "00:19:47", "text": "pushing like product wise, they've been"}, {"start": "00:19:46", "end": "00:19:51", "text": "pushing and they found something"}, {"start": "00:19:47", "end": "00:19:54", "text": "interesting in this uh privacy crushing"}, {"start": "00:19:51", "end": "00:19:56", "text": "bridge trading and now uh per trading"}, {"start": "00:19:54", "end": "00:19:59", "text": "also prediction markets keep growing."}, {"start": "00:19:56", "end": "00:20:00", "text": "You have Kali Pers going to 1 billion."}, {"start": "00:19:59", "end": "00:20:02", "text": "So they actually added cash is"}, {"start": "00:20:00", "end": "00:20:04", "text": "prediction market. Now also added"}, {"start": "00:20:02", "end": "00:20:07", "text": "perpetuals growing a lot a lot a lot lot"}, {"start": "00:20:04", "end": "00:20:09", "text": "a lot and uh yeah KI in this case"}, {"start": "00:20:07", "end": "00:20:11", "text": "doesn't have a coin poly market also"}, {"start": "00:20:09", "end": "00:20:12", "text": "don't have a coin but potentially in the"}, {"start": "00:20:11", "end": "00:20:14", "text": "next cycle let's see if they release"}, {"start": "00:20:12", "end": "00:20:16", "text": "something uh also speaking about"}, {"start": "00:20:14", "end": "00:20:18", "text": "prediction markets there is this new"}, {"start": "00:20:16", "end": "00:20:20", "text": "thing uh their website by the way"}, {"start": "00:20:18", "end": "00:20:24", "text": "doesn't really work but they are"}, {"start": "00:20:20", "end": "00:20:26", "text": "creating tradable assets on top of uh"}, {"start": "00:20:24", "end": "00:20:27", "text": "prediction market events this is"}, {"start": "00:20:26", "end": "00:20:31", "text": "becoming I mean let's see if the next"}, {"start": "00:20:27", "end": "00:20:33", "text": "bull market uh pondomic is going to be"}, {"start": "00:20:31", "end": "00:20:36", "text": "around or has not punic but just you"}, {"start": "00:20:33", "end": "00:20:38", "text": "know risk on top of risk on top of risk"}, {"start": "00:20:36", "end": "00:20:40", "text": "because you have the prediction markets"}, {"start": "00:20:38", "end": "00:20:44", "text": "but these guys they package the"}, {"start": "00:20:40", "end": "00:20:45", "text": "prediction markets as tradable asset and"}, {"start": "00:20:44", "end": "00:20:47", "text": "you can basically go along with leverage"}, {"start": "00:20:45", "end": "00:20:49", "text": "okay exactly how it works I don't know"}, {"start": "00:20:47", "end": "00:20:51", "text": "because their website honestly now it's"}, {"start": "00:20:49", "end": "00:20:52", "text": "connected actually now it's connected it"}, {"start": "00:20:51", "end": "00:20:54", "text": "didn't connect before so what is this"}, {"start": "00:20:52", "end": "00:20:56", "text": "what is this so"}, {"start": "00:20:54", "end": "00:20:59", "text": "yeah I mean basically you can go long"}, {"start": "00:20:56", "end": "00:21:02", "text": "with leverage on the prediction market"}, {"start": "00:20:59", "end": "00:21:06", "text": "events Okay. So, let me see if this"}, {"start": "00:21:02", "end": "00:21:10", "text": "works. Let's Let's see if I can go here."}, {"start": "00:21:06", "end": "00:21:13", "text": "Parlay. What's happening?"}, {"start": "00:21:10", "end": "00:21:14", "text": "Trades. Okay. I I I'll have to try it"}, {"start": "00:21:13", "end": "00:21:16", "text": "myself later on because the website"}, {"start": "00:21:14", "end": "00:21:19", "text": "didn't really work. But, you know, it's"}, {"start": "00:21:16", "end": "00:21:20", "text": "it everything will be in this way where"}, {"start": "00:21:19", "end": "00:21:23", "text": "you have something like predition"}, {"start": "00:21:20", "end": "00:21:25", "text": "market. We in crypto we will have to add"}, {"start": "00:21:23", "end": "00:21:28", "text": "uh more stuff on on top of it. So you"}, {"start": "00:21:25", "end": "00:21:30", "text": "can combine multiple poly markets into"}, {"start": "00:21:28", "end": "00:21:32", "text": "one across into one trade across"}, {"start": "00:21:30", "end": "00:21:34", "text": "politics, crypto, micro sports, weather,"}, {"start": "00:21:32", "end": "00:21:36", "text": "and mentions. And I guess you can add"}, {"start": "00:21:34", "end": "00:21:37", "text": "leverage on top of it. I mean, what what"}, {"start": "00:21:36", "end": "00:21:39", "text": "is crypto without leverage? Anyway,"}, {"start": "00:21:37", "end": "00:21:43", "text": "we're going to be keeping an eye. Uh"}, {"start": "00:21:39", "end": "00:21:44", "text": "next, you have now clarity act moving"}, {"start": "00:21:43", "end": "00:21:45", "text": "forward. Potentially, potentially not."}, {"start": "00:21:44", "end": "00:21:48", "text": "Who the hell knows what else is"}, {"start": "00:21:45", "end": "00:21:50", "text": "happening to clarity? There's no clarity"}, {"start": "00:21:48", "end": "00:21:52", "text": "on clarity, guys. There there's no"}, {"start": "00:21:50", "end": "00:21:53", "text": "clarity. Every day someone is saying"}, {"start": "00:21:52", "end": "00:21:56", "text": "it's going to pass, it's going to pass,"}, {"start": "00:21:53", "end": "00:21:58", "text": "it's going to pass. Uh but is it"}, {"start": "00:21:56", "end": "00:22:00", "text": "passing? It's not passing. Uh now you"}, {"start": "00:21:58", "end": "00:22:02", "text": "have top companies sending joint letter"}, {"start": "00:22:00", "end": "00:22:03", "text": "urging Congress to include legal"}, {"start": "00:22:02", "end": "00:22:04", "text": "protections for developers in"}, {"start": "00:22:03", "end": "00:22:06", "text": "cryptoclarity act. Yeah. I mean that"}, {"start": "00:22:04", "end": "00:22:07", "text": "would be very very nice. It would be"}, {"start": "00:22:06", "end": "00:22:10", "text": "super important that if you do a"}, {"start": "00:22:07", "end": "00:22:13", "text": "self-custodial thing that you're not"}, {"start": "00:22:10", "end": "00:22:16", "text": "going to be liable in case Kim Jong-un"}, {"start": "00:22:13", "end": "00:22:18", "text": "connects his ledger to your website and"}, {"start": "00:22:16", "end": "00:22:20", "text": "does something. I think it's it's it's"}, {"start": "00:22:18", "end": "00:22:23", "text": "quite good. It's quite good. Meanwhile,"}, {"start": "00:22:20", "end": "00:22:25", "text": "meanwhile, we have CT Larson with a bit"}, {"start": "00:22:23", "end": "00:22:27", "text": "of news from EU. Basically, in EU, guys,"}, {"start": "00:22:25", "end": "00:22:30", "text": "you cannot use any of the AI stuff that"}, {"start": "00:22:27", "end": "00:22:35", "text": "Apple just released because EU forces"}, {"start": "00:22:30", "end": "00:22:39", "text": "Apple to enable other AI systems to be"}, {"start": "00:22:35", "end": "00:22:42", "text": "uh to be pluggable. Plug inable. Is that"}, {"start": "00:22:39", "end": "00:22:44", "text": "how you say it? Pluginable. You, for"}, {"start": "00:22:42", "end": "00:22:46", "text": "example, Siri, you have an iPhone. You"}, {"start": "00:22:44", "end": "00:22:48", "text": "love Siri. No one loves Siri. But maybe"}, {"start": "00:22:46", "end": "00:22:50", "text": "now with this new Siri AI, it's going to"}, {"start": "00:22:48", "end": "00:22:53", "text": "be better. But EU is telling them, \"Hey"}, {"start": "00:22:50", "end": "00:22:55", "text": "Apple, hey Apple, instead of Siri, it"}, {"start": "00:22:53", "end": "00:22:57", "text": "should be possible for your users to"}, {"start": "00:22:55", "end": "00:23:00", "text": "plug in this Chinese deepseek stuff.\""}, {"start": "00:22:57", "end": "00:23:03", "text": "Okay, if they want to replace Siri. So"}, {"start": "00:23:00", "end": "00:23:06", "text": "it's very very very bad. I think it's I"}, {"start": "00:23:03", "end": "00:23:07", "text": "mean when when politicians get try to"}, {"start": "00:23:06", "end": "00:23:10", "text": "get into tech, it's always bad guys."}, {"start": "00:23:07", "end": "00:23:12", "text": "It's always bad. So Apple says guys we"}, {"start": "00:23:10", "end": "00:23:15", "text": "cannot allow it because we will not"}, {"start": "00:23:12", "end": "00:23:18", "text": "allow Chinese deepseek to get access to"}, {"start": "00:23:15", "end": "00:23:21", "text": "our clients data. And listen I as Apple"}, {"start": "00:23:18", "end": "00:23:23", "text": "user I don't want any other company to"}, {"start": "00:23:21", "end": "00:23:26", "text": "be pluginable to my messages to my"}, {"start": "00:23:23", "end": "00:23:28", "text": "photos to everything. Okay? I don't want"}, {"start": "00:23:26", "end": "00:23:30", "text": "another comp. I don't I don't even want"}, {"start": "00:23:28", "end": "00:23:33", "text": "there to be tech like integratable tech"}, {"start": "00:23:30", "end": "00:23:36", "text": "that would allow freaking deepsee or"}, {"start": "00:23:33", "end": "00:23:38", "text": "Google Gemini. I mean I have Apple for"}, {"start": "00:23:36", "end": "00:23:41", "text": "this reason that all of the Googles and"}, {"start": "00:23:38", "end": "00:23:45", "text": "the Zuckerbergs and Chinese X shiing"}, {"start": "00:23:41", "end": "00:23:47", "text": "pings do not touch what I have. Okay, if"}, {"start": "00:23:45", "end": "00:23:49", "text": "I have to trust, okay, trust team cook,"}, {"start": "00:23:47", "end": "00:23:51", "text": "team Apple, I don't want to trust other"}, {"start": "00:23:49", "end": "00:23:53", "text": "ones. I don't want any dirty"}, {"start": "00:23:51", "end": "00:23:56", "text": "integration. Any dirty integration."}, {"start": "00:23:53", "end": "00:23:58", "text": "Remove all of this cheap Android. Remove"}, {"start": "00:23:56", "end": "00:24:02", "text": "it. Google's business is to extract"}, {"start": "00:23:58", "end": "00:24:03", "text": "data. Remove Apple. They're not angel."}, {"start": "00:24:02", "end": "00:24:05", "text": "They're not angel. They're not the"}, {"start": "00:24:03", "end": "00:24:07", "text": "fluffy angel. They're not the fluffy"}, {"start": "00:24:05", "end": "00:24:10", "text": "angel. But if I have to choose, I"}, {"start": "00:24:07", "end": "00:24:13", "text": "choose. Okay. So, they basically said,"}, {"start": "00:24:10", "end": "00:24:17", "text": "\"Guys, okay, uh, no AI then because we"}, {"start": "00:24:13", "end": "00:24:20", "text": "we we cannot allow this uh data, you"}, {"start": "00:24:17", "end": "00:24:22", "text": "know, we cannot allow this. Okay, we not"}, {"start": "00:24:20", "end": "00:24:26", "text": "allow the data to come into the hands of"}, {"start": "00:24:22", "end": "00:24:28", "text": "Chinese of uh other services.\" And yeah,"}, {"start": "00:24:26", "end": "00:24:31", "text": "there you go. I I agree. But I mean, I'm"}, {"start": "00:24:28", "end": "00:24:34", "text": "I'm team Apple here. I'm team team"}, {"start": "00:24:31", "end": "00:24:35", "text": "Apple. Tim Tim Cook. What is the new CEO"}, {"start": "00:24:34", "end": "00:24:38", "text": "of Apple? I missed actually what's his"}, {"start": "00:24:35", "end": "00:24:40", "text": "name is because Tim Tim Cook or Tim"}, {"start": "00:24:38", "end": "00:24:43", "text": "Apple as Trump calls him, he's out. He's"}, {"start": "00:24:40", "end": "00:24:45", "text": "out. He's either he's no longer CEO"}, {"start": "00:24:43", "end": "00:24:47", "text": "already or he's out soon. One of these"}, {"start": "00:24:45", "end": "00:24:50", "text": "two."}, {"start": "00:24:47", "end": "00:24:51", "text": "So, all in all, I'm fully with Apple,"}, {"start": "00:24:50", "end": "00:24:53", "text": "but EU, they they have their own thing."}, {"start": "00:24:51", "end": "00:24:55", "text": "Let's see what's going to happen. They"}, {"start": "00:24:53", "end": "00:24:58", "text": "have their own way of thinking. Not too"}, {"start": "00:24:55", "end": "00:25:01", "text": "good. No, let's see. Let's see. Now uh"}, {"start": "00:24:58", "end": "00:25:05", "text": "speaking about Solana, we have now uh"}, {"start": "00:25:01", "end": "00:25:07", "text": "Xtosh expanding in Sana uh 133 token"}, {"start": "00:25:05", "end": "00:25:08", "text": "stocks and ETFs in one market view."}, {"start": "00:25:07", "end": "00:25:11", "text": "Basically adding more stocks to the"}, {"start": "00:25:08", "end": "00:25:13", "text": "system. Nice. Uh powered by Kraken."}, {"start": "00:25:11", "end": "00:25:15", "text": "Interesting. So they are working with"}, {"start": "00:25:13", "end": "00:25:16", "text": "Kraken by the way. Kraken, they're"}, {"start": "00:25:15", "end": "00:25:18", "text": "working with many DeFi companies in a"}, {"start": "00:25:16", "end": "00:25:22", "text": "very interesting way. So Kraken now has"}, {"start": "00:25:18", "end": "00:25:25", "text": "uh you can trade stocks on Kraken via X"}, {"start": "00:25:22", "end": "00:25:28", "text": "stocks. So that's good. Also, Kraken has"}, {"start": "00:25:25", "end": "00:25:30", "text": "integration with"}, {"start": "00:25:28", "end": "00:25:32", "text": "Morpho. As far as I know, I think Kraken"}, {"start": "00:25:30", "end": "00:25:35", "text": "has integration with Morpho where you"}, {"start": "00:25:32", "end": "00:25:37", "text": "can put the stable coins or whatever you"}, {"start": "00:25:35", "end": "00:25:40", "text": "have in Kraken. You have quite nice"}, {"start": "00:25:37", "end": "00:25:45", "text": "yield with Morpho and now Morpho has"}, {"start": "00:25:40", "end": "00:25:47", "text": "raised 175 million in uh in capital from"}, {"start": "00:25:45", "end": "00:25:51", "text": "Paradigm, A6Z"}, {"start": "00:25:47", "end": "00:25:55", "text": "and Ribbit. Now this this um uh VC funds"}, {"start": "00:25:51", "end": "00:25:58", "text": "like Ribbit for example uh is very much"}, {"start": "00:25:55", "end": "00:26:00", "text": "traditional VC is not crypto crypto"}, {"start": "00:25:58", "end": "00:26:02", "text": "focused. So uh it's good to see capital"}, {"start": "00:26:00", "end": "00:26:04", "text": "coming back to crypto guys. It's one of"}, {"start": "00:26:02", "end": "00:26:06", "text": "the signals that bull market is coming"}, {"start": "00:26:04", "end": "00:26:09", "text": "back when you see new raises when you"}, {"start": "00:26:06", "end": "00:26:11", "text": "see new announcements that projects are"}, {"start": "00:26:09", "end": "00:26:12", "text": "launching raising money it's very very"}, {"start": "00:26:11", "end": "00:26:14", "text": "important and it's one of the signals"}, {"start": "00:26:12", "end": "00:26:16", "text": "that money is coming back to crypto. So"}, {"start": "00:26:14", "end": "00:26:18", "text": "yet again we're saying that somewhere"}, {"start": "00:26:16", "end": "00:26:21", "text": "here we're going to find the bottom and"}, {"start": "00:26:18", "end": "00:26:22", "text": "uh one of the signals is that you have"}, {"start": "00:26:21", "end": "00:26:24", "text": "uh I mean you have stuff like this that"}, {"start": "00:26:22", "end": "00:26:27", "text": "uh they're raising the raising they're"}, {"start": "00:26:24", "end": "00:26:30", "text": "building and uh I mean morpho is also"}, {"start": "00:26:27", "end": "00:26:31", "text": "adopted uh it's also adopted in kraken"}, {"start": "00:26:30", "end": "00:26:32", "text": "for example I mean that's where I have"}, {"start": "00:26:31", "end": "00:26:34", "text": "seen it probably it's adopted many"}, {"start": "00:26:32", "end": "00:26:35", "text": "things in many other places moving"}, {"start": "00:26:34", "end": "00:26:37", "text": "trillions to a completely new"}, {"start": "00:26:35", "end": "00:26:39", "text": "infrastructure requires enormous amount"}, {"start": "00:26:37", "end": "00:26:40", "text": "of energy conviction this moment also"}, {"start": "00:26:39", "end": "00:26:43", "text": "lets us take a step back appreciate more"}, {"start": "00:26:40", "end": "00:26:45", "text": "for growth okay so it's mambo jumbo I"}, {"start": "00:26:43", "end": "00:26:47", "text": "just raised a lot of any great great if"}, {"start": "00:26:45", "end": "00:26:49", "text": "we do our job well. There you go. There"}, {"start": "00:26:47", "end": "00:26:50", "text": "you go. Fantastic. Fantastic. So, yeah,"}, {"start": "00:26:49", "end": "00:26:52", "text": "big shout out to Morpho. Good that"}, {"start": "00:26:50", "end": "00:26:55", "text": "they're building stuff that is used and"}, {"start": "00:26:52", "end": "00:26:57", "text": "integrated. Where else they integrated?"}, {"start": "00:26:55", "end": "00:26:59", "text": "Uh, let's see. Van Egg guy. What did Van"}, {"start": "00:26:57", "end": "00:27:01", "text": "Egg guy say?"}, {"start": "00:26:59", "end": "00:27:02", "text": "The internet's value didn't come from"}, {"start": "00:27:01", "end": "00:27:03", "text": "protocol itself. It came from the"}, {"start": "00:27:02", "end": "00:27:06", "text": "companies, blockchains or platforms."}, {"start": "00:27:03", "end": "00:27:08", "text": "Crazy one. Yeah, there you go. Morpho."}, {"start": "00:27:06", "end": "00:27:10", "text": "That's why we participate. So, Van also"}, {"start": "00:27:08", "end": "00:27:13", "text": "participate. There you go. Uh, good,"}, {"start": "00:27:10", "end": "00:27:16", "text": "good, good, good. Uh CZ says Bitcoin"}, {"start": "00:27:13", "end": "00:27:17", "text": "will not be dead for too long. Um he"}, {"start": "00:27:16", "end": "00:27:20", "text": "said it yesterday. Bitcoin started to"}, {"start": "00:27:17", "end": "00:27:24", "text": "dump. Let's see. C said we may have"}, {"start": "00:27:20", "end": "00:27:25", "text": "super cycle. It went from 120 to 60."}, {"start": "00:27:24", "end": "00:27:26", "text": "Big shout out to C. I mean he's great."}, {"start": "00:27:25", "end": "00:27:28", "text": "He's great. He's great. He's great. He's"}, {"start": "00:27:26", "end": "00:27:32", "text": "he's right. Like he's right. He's also"}, {"start": "00:27:28", "end": "00:27:33", "text": "right. I I agree. I agree. Uh finally,"}, {"start": "00:27:32", "end": "00:27:36", "text": "guys. Fine. What do we have? This we"}, {"start": "00:27:33", "end": "00:27:37", "text": "have this we have. I think that's it. I"}, {"start": "00:27:36", "end": "00:27:40", "text": "think we went through we blasted through"}, {"start": "00:27:37", "end": "00:27:42", "text": "all of the uh tabs. Oh, there's one"}, {"start": "00:27:40", "end": "00:27:45", "text": "thing I wanted to experiment with you"}, {"start": "00:27:42", "end": "00:27:47", "text": "guys because you know that um you"}, {"start": "00:27:45", "end": "00:27:49", "text": "remember Cookie from the last cycle uh"}, {"start": "00:27:47", "end": "00:27:52", "text": "Cookie from the last cycle uh I just got"}, {"start": "00:27:49", "end": "00:27:55", "text": "access to their new"}, {"start": "00:27:52", "end": "00:27:57", "text": "uh to their new system for"}, {"start": "00:27:55", "end": "00:28:01", "text": "AI. Uh"}, {"start": "00:27:57", "end": "00:28:03", "text": "so let's see here."}, {"start": "00:28:01", "end": "00:28:06", "text": "Uh look here I asked for example uh this"}, {"start": "00:28:03", "end": "00:28:08", "text": "is AI made for crypto. So I asked that"}, {"start": "00:28:06", "end": "00:28:10", "text": "you know Zcash what's new and it did"}, {"start": "00:28:08", "end": "00:28:13", "text": "quite a nice overview here with the"}, {"start": "00:28:10", "end": "00:28:18", "text": "dates fantastic with price fantastic"}, {"start": "00:28:13", "end": "00:28:20", "text": "with uh uh key events and also tweets"}, {"start": "00:28:18", "end": "00:28:23", "text": "fantastic I mean obviously this you"}, {"start": "00:28:20", "end": "00:28:25", "text": "cannot really ask like claude Zcash"}, {"start": "00:28:23", "end": "00:28:29", "text": "what's new like claude will not give you"}, {"start": "00:28:25", "end": "00:28:32", "text": "this okay or open a um chat GPT so yeah"}, {"start": "00:28:29", "end": "00:28:34", "text": "let's see the cookie chart it's I mean"}, {"start": "00:28:32", "end": "00:28:38", "text": "all of the old are doing very very bad"}, {"start": "00:28:34", "end": "00:28:40", "text": "but Those that build will come back. But"}, {"start": "00:28:38", "end": "00:28:41", "text": "yeah, I wouldn't touch it yet. This is"}, {"start": "00:28:40", "end": "00:28:45", "text": "when you have the bull trend"}, {"start": "00:28:41", "end": "00:28:47", "text": "potentially. Yes. Now, too early. Way"}, {"start": "00:28:45", "end": "00:28:49", "text": "way way too early. Way way way too"}, {"start": "00:28:47", "end": "00:28:52", "text": "early. Way way way too early. Uh but"}, {"start": "00:28:49", "end": "00:28:54", "text": "yeah, if you want AI, which is around"}, {"start": "00:28:52", "end": "00:28:57", "text": "the crypto, let's by the way see, let's"}, {"start": "00:28:54", "end": "00:28:58", "text": "let's let's ask it something else. If"}, {"start": "00:28:57", "end": "00:29:00", "text": "you guys have any suggestions what we"}, {"start": "00:28:58", "end": "00:29:04", "text": "should ask the AI, let's ask it. Let's"}, {"start": "00:29:00", "end": "00:29:08", "text": "ask it. Uh and once we have the bull"}, {"start": "00:29:04", "end": "00:29:10", "text": "trends happening in uh in u all coins"}, {"start": "00:29:08", "end": "00:29:11", "text": "whether it's cookie whether it's pango"}, {"start": "00:29:10", "end": "00:29:13", "text": "holy yeah yeah I mean it's going to I'm"}, {"start": "00:29:11", "end": "00:29:15", "text": "excited for the rest of the year I'm"}, {"start": "00:29:13", "end": "00:29:16", "text": "excited because the bigger the fall a"}, {"start": "00:29:15", "end": "00:29:21", "text": "lot of the coins have been flashing so"}, {"start": "00:29:16", "end": "00:29:24", "text": "much minus 80% - 90% - 99%."}, {"start": "00:29:21", "end": "00:29:25", "text": "And the comebacks in those quality ones"}, {"start": "00:29:24", "end": "00:29:26", "text": "I mean that's going to be something. And"}, {"start": "00:29:25", "end": "00:29:28", "text": "then new coins are going to come new"}, {"start": "00:29:26", "end": "00:29:29", "text": "coins going to come. I mean this bull"}, {"start": "00:29:28", "end": "00:29:31", "text": "market guys is going to be it's going to"}, {"start": "00:29:29", "end": "00:29:33", "text": "get going to be crazy. So, subscribe,"}, {"start": "00:29:31", "end": "00:29:35", "text": "subscribe if you haven't yet. Uh, if"}, {"start": "00:29:33", "end": "00:29:36", "text": "you, of course, most people still going"}, {"start": "00:29:35", "end": "00:29:38", "text": "to fumble the bull market. Even with the"}, {"start": "00:29:36", "end": "00:29:39", "text": "best possible bull market coming,"}, {"start": "00:29:38", "end": "00:29:41", "text": "they're still going to fumble. To not"}, {"start": "00:29:39", "end": "00:29:42", "text": "fumble it, go to bull.com. So, you get"}, {"start": "00:29:41", "end": "00:29:44", "text": "the money line, the money scanner. You"}, {"start": "00:29:42", "end": "00:29:46", "text": "see in real time what's flipping"}, {"start": "00:29:44", "end": "00:29:49", "text": "bullish, what's flipping bearish uh in"}, {"start": "00:29:46", "end": "00:29:52", "text": "our system. Get into the weight list. We"}, {"start": "00:29:49", "end": "00:29:54", "text": "are distributing a few spots every day."}, {"start": "00:29:52", "end": "00:29:56", "text": "Uh, and uh, yeah, once we expand the"}, {"start": "00:29:54", "end": "00:29:59", "text": "team, we could open it up again for, you"}, {"start": "00:29:56", "end": "00:30:01", "text": "know, general u, uh, access. So you can"}, {"start": "00:29:59", "end": "00:30:03", "text": "just book a call directly. But now we're"}, {"start": "00:30:01", "end": "00:30:06", "text": "at such capacity with with all of the"}, {"start": "00:30:03", "end": "00:30:07", "text": "demand uh we we only do weight list. So"}, {"start": "00:30:06", "end": "00:30:08", "text": "as the sooner you are in the weight"}, {"start": "00:30:07", "end": "00:30:10", "text": "list, the better. So get in the weight"}, {"start": "00:30:08", "end": "00:30:11", "text": "list as soon as possible. If you want to"}, {"start": "00:30:10", "end": "00:30:14", "text": "participate in Bulmania, especially now"}, {"start": "00:30:11", "end": "00:30:17", "text": "that the bulls are coming back. So guys,"}, {"start": "00:30:14", "end": "00:30:19", "text": "let's go. Let's go. Let's go. So I Let's"}, {"start": "00:30:17", "end": "00:30:21", "text": "try the AI like what can we ask it, man?"}, {"start": "00:30:19", "end": "00:30:23", "text": "What what what um what can we ask it?"}, {"start": "00:30:21", "end": "00:30:25", "text": "Let's see if it's if it's good that your"}, {"start": "00:30:23", "end": "00:30:27", "text": "questions. I don't want to I want I want"}, {"start": "00:30:25", "end": "00:30:28", "text": "to see what you ask what you ask. ask it"}, {"start": "00:30:27", "end": "00:30:32", "text": "something and we're going to see what it"}, {"start": "00:30:28", "end": "00:30:32", "text": "does in the AI."}, {"start": "00:30:32", "end": "00:30:37", "text": "What are the requirements you mean for"}, {"start": "00:30:34", "end": "00:30:39", "text": "Bulmania? So, we need to see that number"}, {"start": "00:30:37", "end": "00:30:41", "text": "one, you're serious that you really want"}, {"start": "00:30:39", "end": "00:30:43", "text": "to improve because you know in Bulmania"}, {"start": "00:30:41", "end": "00:30:45", "text": "we first we speak with you. We speak"}, {"start": "00:30:43", "end": "00:30:47", "text": "with you. We look at what you've been"}, {"start": "00:30:45", "end": "00:30:49", "text": "doing, how you've been going and we need"}, {"start": "00:30:47", "end": "00:30:51", "text": "to assess like will you take it"}, {"start": "00:30:49", "end": "00:30:53", "text": "seriously? Will you study? Will you use"}, {"start": "00:30:51", "end": "00:30:54", "text": "the tools? yada yada yada. Very"}, {"start": "00:30:53", "end": "00:30:56", "text": "important. I press very important press"}, {"start": "00:30:54", "end": "00:30:58", "text": "very important. Then we explain to you"}, {"start": "00:30:56", "end": "00:31:00", "text": "what it means to be part of Bulmania. We"}, {"start": "00:30:58", "end": "00:31:02", "text": "explain to you I mean it's quite it's"}, {"start": "00:31:00", "end": "00:31:04", "text": "nothing complex. It's nothing complex"}, {"start": "00:31:02", "end": "00:31:06", "text": "but it's just like we want to know who"}, {"start": "00:31:04", "end": "00:31:08", "text": "you are and we want to for you to know"}, {"start": "00:31:06", "end": "00:31:10", "text": "who we are and what we do and what we"}, {"start": "00:31:08", "end": "00:31:12", "text": "offer and uh it's white glove guys. It's"}, {"start": "00:31:10", "end": "00:31:13", "text": "white glove. Do you say that white glove"}, {"start": "00:31:12", "end": "00:31:16", "text": "approach why very important for us"}, {"start": "00:31:13", "end": "00:31:17", "text": "because we want results. We need you to"}, {"start": "00:31:16", "end": "00:31:21", "text": "have results. It's very important. Okay."}, {"start": "00:31:17", "end": "00:31:25", "text": "So check render. Let's let's see uh let"}, {"start": "00:31:21", "end": "00:31:28", "text": "me ask AI here uh from the cookie one."}, {"start": "00:31:25", "end": "00:31:30", "text": "Uh tell me let's see what it does. Tell"}, {"start": "00:31:28", "end": "00:31:32", "text": "me"}, {"start": "00:31:30", "end": "00:31:34", "text": "about render"}, {"start": "00:31:32", "end": "00:31:36", "text": "uh like what what is interesting. What"}, {"start": "00:31:34", "end": "00:31:41", "text": "has happened"}, {"start": "00:31:36", "end": "00:31:45", "text": "uh let's say last uh last month"}, {"start": "00:31:41", "end": "00:31:46", "text": "uh refer to tweets but it doesn't by by"}, {"start": "00:31:45", "end": "00:31:47", "text": "default. Let's see what's going to"}, {"start": "00:31:46", "end": "00:31:51", "text": "happen here. And of course while it's"}, {"start": "00:31:47", "end": "00:31:55", "text": "thinking we check the chart render. We"}, {"start": "00:31:51", "end": "00:31:55", "text": "we see the chart what's happening."}, {"start": "00:31:55", "end": "00:31:58", "text": "Yeah. Don't it's don't touch it, man."}, {"start": "00:31:57", "end": "00:32:00", "text": "It's Bren. Don't touch it. Don't touch"}, {"start": "00:31:58", "end": "00:32:02", "text": "it. Don't touch it. But you can still"}, {"start": "00:32:00", "end": "00:32:04", "text": "follow what else happening. But in"}, {"start": "00:32:02", "end": "00:32:06", "text": "Bchron, yes, we don't touch. We We're"}, {"start": "00:32:04", "end": "00:32:07", "text": "very respectful to the B. It have"}, {"start": "00:32:06", "end": "00:32:11", "text": "another leg down. You can have another"}, {"start": "00:32:07", "end": "00:32:13", "text": "leg down. Easy. Easy. Um if you want to"}, {"start": "00:32:11", "end": "00:32:15", "text": "trade it shortterm, you can see the"}, {"start": "00:32:13", "end": "00:32:17", "text": "daily trends is now going bearish. So I"}, {"start": "00:32:15", "end": "00:32:19", "text": "wouldn't touch it now. It's it's now is"}, {"start": "00:32:17", "end": "00:32:22", "text": "not guys. Currently, it's not time for"}, {"start": "00:32:19", "end": "00:32:23", "text": "alt. It's not time for alts. Uh I'm"}, {"start": "00:32:22", "end": "00:32:25", "text": "excited for alts later this year, but"}, {"start": "00:32:23", "end": "00:32:26", "text": "now it's not time for alts. Most of them"}, {"start": "00:32:25", "end": "00:32:29", "text": "are bearish. Bitcoin is I mean Bitcoin"}, {"start": "00:32:26", "end": "00:32:33", "text": "itself is bearish. Bitcoin is bearish."}, {"start": "00:32:29", "end": "00:32:35", "text": "All coins most of them are bearish. So"}, {"start": "00:32:33", "end": "00:32:36", "text": "it is shorting season now. Really we are"}, {"start": "00:32:35", "end": "00:32:39", "text": "in if you know if you are in Bulmania"}, {"start": "00:32:36", "end": "00:32:42", "text": "you know Jason speaks every day. We are"}, {"start": "00:32:39", "end": "00:32:44", "text": "now in short season. Short season"}, {"start": "00:32:42", "end": "00:32:45", "text": "meaning that your altcoin is bearish."}, {"start": "00:32:44", "end": "00:32:48", "text": "Bitcoin is bearish on weekly. Bitcoin is"}, {"start": "00:32:45", "end": "00:32:50", "text": "bearish on daily. So when you have this"}, {"start": "00:32:48", "end": "00:32:51", "text": "uh trifecta where bitcoin is bearish"}, {"start": "00:32:50", "end": "00:32:52", "text": "onion weekly bare market but also"}, {"start": "00:32:51", "end": "00:32:56", "text": "bitcoin is bearish onion daily meaning"}, {"start": "00:32:52", "end": "00:32:58", "text": "that we don't have this fake scam pump"}, {"start": "00:32:56", "end": "00:32:59", "text": "within a bare market which we had in May"}, {"start": "00:32:58", "end": "00:33:03", "text": "for example where people thought this"}, {"start": "00:32:59", "end": "00:33:09", "text": "new bull market lao lau is that you say"}, {"start": "00:33:03", "end": "00:33:11", "text": "l m a o lau okay anyway laauo so when"}, {"start": "00:33:09", "end": "00:33:12", "text": "you don't have the bull trend on daily"}, {"start": "00:33:11", "end": "00:33:14", "text": "you have bare trend and bishron weekly"}, {"start": "00:33:12", "end": "00:33:16", "text": "then you know that bare market is in"}, {"start": "00:33:14", "end": "00:33:18", "text": "full effect so we're in full effect now"}, {"start": "00:33:16", "end": "00:33:19", "text": "but then also of course your shitcoin"}, {"start": "00:33:18", "end": "00:33:22", "text": "has bare trend and when you have all of"}, {"start": "00:33:19", "end": "00:33:23", "text": "these three things bitcoin bare weekly"}, {"start": "00:33:22", "end": "00:33:27", "text": "bitcoin bear daily and your shitcoin is"}, {"start": "00:33:23", "end": "00:33:29", "text": "uh bare which I'm sure it is always"}, {"start": "00:33:27", "end": "00:33:32", "text": "even when bitcoin has a bit of a fake"}, {"start": "00:33:29", "end": "00:33:34", "text": "out uh that's the shorting season but so"}, {"start": "00:33:32", "end": "00:33:36", "text": "let's see what's happening here so uh"}, {"start": "00:33:34", "end": "00:33:39", "text": "cookie what do what does cookie give us"}, {"start": "00:33:36", "end": "00:33:42", "text": "price action May high current decline"}, {"start": "00:33:39", "end": "00:33:44", "text": "okay render ran from okay between May"}, {"start": "00:33:42", "end": "00:33:47", "text": "after briefly breaking down okay good"}, {"start": "00:33:44", "end": "00:33:48", "text": "okay I I mean see this is I mean for me"}, {"start": "00:33:47", "end": "00:33:49", "text": "this is quite valuable just seeing this"}, {"start": "00:33:48", "end": "00:33:52", "text": "freaking list what happened and then you"}, {"start": "00:33:49", "end": "00:33:55", "text": "can see the tweets partnership community"}, {"start": "00:33:52", "end": "00:33:58", "text": "milestone market product this launched"}, {"start": "00:33:55", "end": "00:34:01", "text": "okay they did some new uh GPU thing"}, {"start": "00:33:58", "end": "00:34:04", "text": "launch okay they launched some GPU stuff"}, {"start": "00:34:01", "end": "00:34:08", "text": "power quantum stargate David okay uh"}, {"start": "00:34:04", "end": "00:34:10", "text": "partnership some partnership uh okay May"}, {"start": "00:34:08", "end": "00:34:12", "text": "26 report Windows OS Windows okay"}, {"start": "00:34:10", "end": "00:34:15", "text": "they're going to go to Windows global"}, {"start": "00:34:12", "end": "00:34:17", "text": "node so I man this this is the use of"}, {"start": "00:34:15", "end": "00:34:21", "text": "AI. I I think this kind of use of AI is"}, {"start": "00:34:17", "end": "00:34:24", "text": "great. Top community tweets. What is"}, {"start": "00:34:21", "end": "00:34:26", "text": "this? Kohumba Kuba"}, {"start": "00:34:24", "end": "00:34:29", "text": "Remis Protocol highlights. So you can"}, {"start": "00:34:26", "end": "00:34:32", "text": "also see who is shilling it or tweeting"}, {"start": "00:34:29", "end": "00:34:34", "text": "it or discussing it. Okay. Key takeaway."}, {"start": "00:34:32", "end": "00:34:36", "text": "Disperse is the biggest story launching"}, {"start": "00:34:34", "end": "00:34:38", "text": "fifth directly targets the 40% of global"}, {"start": "00:34:36", "end": "00:34:40", "text": "GPU. There you go. Very nice. So yeah,"}, {"start": "00:34:38", "end": "00:34:42", "text": "but price is guys is in the gutter. Like"}, {"start": "00:34:40", "end": "00:34:43", "text": "don't touch it. Don't touch it. Now, you"}, {"start": "00:34:42", "end": "00:34:46", "text": "can still follow along a bit here"}, {"start": "00:34:43", "end": "00:34:47", "text": "because once it flips bullish, okay,"}, {"start": "00:34:46", "end": "00:34:48", "text": "different story. We're excited. We're"}, {"start": "00:34:47", "end": "00:34:51", "text": "bullish. You have all of these new"}, {"start": "00:34:48", "end": "00:34:53", "text": "products. Bam, bum, bum. You can be so,"}, {"start": "00:34:51", "end": "00:34:54", "text": "you know, excited about the fundamentals"}, {"start": "00:34:53", "end": "00:34:56", "text": "now. Don't touch it. Don't touch"}, {"start": "00:34:54", "end": "00:34:59", "text": "anything now. All don't touch. Don't"}, {"start": "00:34:56", "end": "00:34:59", "text": "touch."}, {"start": "00:34:59", "end": "00:35:05", "text": "Yo, horse. What's happening? No crying."}, {"start": "00:35:03", "end": "00:35:06", "text": "No crying in the casino. Okay, please"}, {"start": "00:35:05", "end": "00:35:09", "text": "pro promise us that. No crying in the"}, {"start": "00:35:06", "end": "00:35:09", "text": "casino."}, {"start": "00:35:22", "end": "00:35:26", "text": "Okay. Accumulating phase in a bare"}, {"start": "00:35:24", "end": "00:35:29", "text": "market pure position taking on lower"}, {"start": "00:35:26", "end": "00:35:31", "text": "price. Just make sure later how much."}, {"start": "00:35:29", "end": "00:35:34", "text": "Yeah, I don't understand. But yes, we're"}, {"start": "00:35:31", "end": "00:35:37", "text": "in accumulation. We're in accumulation."}, {"start": "00:35:34", "end": "00:35:41", "text": "We're in accumulation."}, {"start": "00:35:37", "end": "00:35:44", "text": "Uh just make sure in 2027 put your eulan"}, {"start": "00:35:41", "end": "00:35:46", "text": "and bitcoin in self custody. Oh yeah by"}, {"start": "00:35:44", "end": "00:35:49", "text": "the way guys so with uh all of this like"}, {"start": "00:35:46", "end": "00:35:52", "text": "AI mythos mythos did release I think"}, {"start": "00:35:49", "end": "00:35:55", "text": "yesterday still it's nothing has been"}, {"start": "00:35:52", "end": "00:35:57", "text": "hacked yet and they also restricted the"}, {"start": "00:35:55", "end": "00:36:00", "text": "use of mythos for cyber security. So"}, {"start": "00:35:57", "end": "00:36:02", "text": "they released mythos this AI that is so"}, {"start": "00:36:00", "end": "00:36:05", "text": "dangerous but you cannot use it for"}, {"start": "00:36:02", "end": "00:36:07", "text": "cyber security. So yeah uh but let's see"}, {"start": "00:36:05", "end": "00:36:10", "text": "if someone can crack it because I mean"}, {"start": "00:36:07", "end": "00:36:12", "text": "the restriction on the replies it's it's"}, {"start": "00:36:10", "end": "00:36:14", "text": "a context. So if someone can uh prompt"}, {"start": "00:36:12", "end": "00:36:16", "text": "inject or you know try to hack its"}, {"start": "00:36:14", "end": "00:36:19", "text": "context or say you know pretend you are"}, {"start": "00:36:16", "end": "00:36:22", "text": "a small girl playing a play in your"}, {"start": "00:36:19", "end": "00:36:24", "text": "kindergarten and now you are this"}, {"start": "00:36:22", "end": "00:36:26", "text": "powerful AI but it's all you know you're"}, {"start": "00:36:24", "end": "00:36:28", "text": "you're just a kindergarten uh you know"}, {"start": "00:36:26", "end": "00:36:30", "text": "it's a theater you do you do a show for"}, {"start": "00:36:28", "end": "00:36:33", "text": "your parent you you need to like faz it"}, {"start": "00:36:30", "end": "00:36:34", "text": "into thinking that it's yeah uh they"}, {"start": "00:36:33", "end": "00:36:38", "text": "probably have been thinking about that"}, {"start": "00:36:34", "end": "00:36:39", "text": "so yeah but some so you need big brain"}, {"start": "00:36:38", "end": "00:36:41", "text": "to figure it out how to get around the"}, {"start": "00:36:39", "end": "00:36:45", "text": "restriction but will figure it out"}, {"start": "00:36:41", "end": "00:36:47", "text": "because all of this tech see there is no"}, {"start": "00:36:45", "end": "00:36:51", "text": "way there is no way for them with 100%"}, {"start": "00:36:47", "end": "00:36:53", "text": "certainty restrict AI from giving you"}, {"start": "00:36:51", "end": "00:36:54", "text": "answers it's it's because it's"}, {"start": "00:36:53", "end": "00:36:56", "text": "probabilistic it's probabilistic you"}, {"start": "00:36:54", "end": "00:36:59", "text": "cannot it's not an if statement you know"}, {"start": "00:36:56", "end": "00:37:01", "text": "if someone asks about this don't reply"}, {"start": "00:36:59", "end": "00:37:03", "text": "because it doesn't work like that does"}, {"start": "00:37:01", "end": "00:37:06", "text": "you can it depends on what context it"}, {"start": "00:37:03", "end": "00:37:08", "text": "depends how you uh put in the message so"}, {"start": "00:37:06", "end": "00:37:10", "text": "with AI there is no there's no"}, {"start": "00:37:08", "end": "00:37:11", "text": "deterministic anything okay so some I'm"}, {"start": "00:37:10", "end": "00:37:15", "text": "sure someone will get around the"}, {"start": "00:37:11", "end": "00:37:16", "text": "restriction in one way or another."}, {"start": "00:37:15", "end": "00:37:20", "text": "thoughts on base ecosystem for next"}, {"start": "00:37:16", "end": "00:37:23", "text": "cycle virtual uh banker virtuals bankers"}, {"start": "00:37:20", "end": "00:37:24", "text": "uh and also let me combine it with the"}, {"start": "00:37:23", "end": "00:37:27", "text": "someone else asked the top picks for the"}, {"start": "00:37:24", "end": "00:37:28", "text": "next cycle guys maybe you're new here"}, {"start": "00:37:27", "end": "00:37:30", "text": "then smash up the like subscribe but you"}, {"start": "00:37:28", "end": "00:37:31", "text": "know that we don't really do this kind"}, {"start": "00:37:30", "end": "00:37:33", "text": "of stuff you know pick pick the best"}, {"start": "00:37:31", "end": "00:37:36", "text": "best assets for the next cycle because"}, {"start": "00:37:33", "end": "00:37:38", "text": "we need to see when they flip bullish we"}, {"start": "00:37:36", "end": "00:37:40", "text": "need to see which assets flip bullish"}, {"start": "00:37:38", "end": "00:37:42", "text": "when so we're not guessing here I mean"}, {"start": "00:37:40", "end": "00:37:44", "text": "your other influencer who gets you"}, {"start": "00:37:42", "end": "00:37:46", "text": "wrecked maybe he's guessing or or"}, {"start": "00:37:44", "end": "00:37:48", "text": "telling you some random ass stuff that"}, {"start": "00:37:46", "end": "00:37:50", "text": "he pulled out of his donut back there."}, {"start": "00:37:48", "end": "00:37:51", "text": "You know, some, you know, some guesses"}, {"start": "00:37:50", "end": "00:37:53", "text": "based on what? Based on some narrative"}, {"start": "00:37:51", "end": "00:37:55", "text": "stuff. Guys, we don't do that. It's"}, {"start": "00:37:53", "end": "00:37:57", "text": "impossible to know. You can have board"}, {"start": "00:37:55", "end": "00:37:59", "text": "ape, you can have dog with hat, fully"}, {"start": "00:37:57", "end": "00:38:01", "text": "useless stuff pumping the most. So, what"}, {"start": "00:37:59", "end": "00:38:02", "text": "we need to see are bull trends, okay?"}, {"start": "00:38:01", "end": "00:38:05", "text": "We're going to see what's going to flip"}, {"start": "00:38:02", "end": "00:38:07", "text": "bull bullish, what's going to remain"}, {"start": "00:38:05", "end": "00:38:12", "text": "bearish. For example, hyperlquid is up"}, {"start": "00:38:07", "end": "00:38:13", "text": "since four months ago, 72 72%. Okay? Uh"}, {"start": "00:38:12", "end": "00:38:15", "text": "that's the that's the signal. That's the"}, {"start": "00:38:13", "end": "00:38:18", "text": "signal for the for the next cycle. Like"}, {"start": "00:38:15", "end": "00:38:19", "text": "who the hell knows base is a corporate"}, {"start": "00:38:18", "end": "00:38:21", "text": "chain. Can they still have a pump? Maybe"}, {"start": "00:38:19", "end": "00:38:24", "text": "they can have a pump. But now like all"}, {"start": "00:38:21", "end": "00:38:28", "text": "of the let's check virtuals."}, {"start": "00:38:24", "end": "00:38:30", "text": "Virtual is by the way virtual just uh in"}, {"start": "00:38:28", "end": "00:38:32", "text": "the bare trend. Let's see in weekly."}, {"start": "00:38:30", "end": "00:38:34", "text": "Yeah, virtual is now bare trend on"}, {"start": "00:38:32", "end": "00:38:37", "text": "daily. On week is bare trend. So uh"}, {"start": "00:38:34", "end": "00:38:39", "text": "don't touch it yet. Then we say banker"}, {"start": "00:38:37", "end": "00:38:43", "text": "banker banker. We have it here."}, {"start": "00:38:39", "end": "00:38:46", "text": "Bankercoin bearish. So yeah, be be a bit"}, {"start": "00:38:43", "end": "00:38:48", "text": "careful here with trying to guess what's"}, {"start": "00:38:46", "end": "00:38:51", "text": "happening. It's um it's better to just"}, {"start": "00:38:48", "end": "00:38:53", "text": "react on trends. Now, of course, when"}, {"start": "00:38:51", "end": "00:38:55", "text": "the bull market starts, we're going to"}, {"start": "00:38:53", "end": "00:38:57", "text": "see is it all of the base coins what it"}, {"start": "00:38:55", "end": "00:38:59", "text": "is. Um I mean, the reason why it's a bit"}, {"start": "00:38:57", "end": "00:39:02", "text": "tough with bass is"}, {"start": "00:38:59", "end": "00:39:04", "text": "they cannot fully embrace the digess. If"}, {"start": "00:39:02", "end": "00:39:06", "text": "I'm just to speculate a bit, uh because"}, {"start": "00:39:04", "end": "00:39:07", "text": "I'm not saying that they will not pump."}, {"start": "00:39:06", "end": "00:39:10", "text": "Maybe they will pump. Who knows?"}, {"start": "00:39:07", "end": "00:39:12", "text": "It's just generally for to have a nice"}, {"start": "00:39:10", "end": "00:39:15", "text": "sustained pump, you need the full"}, {"start": "00:39:12", "end": "00:39:18", "text": "ecosystem aligned like the whole Solana"}, {"start": "00:39:15", "end": "00:39:19", "text": "space was aligned that we have dexes and"}, {"start": "00:39:18", "end": "00:39:20", "text": "if you want to trade memes we're the"}, {"start": "00:39:19", "end": "00:39:22", "text": "best place for that. You want to trade"}, {"start": "00:39:20", "end": "00:39:24", "text": "anything with the best best place for"}, {"start": "00:39:22", "end": "00:39:26", "text": "that with bases always you know the"}, {"start": "00:39:24", "end": "00:39:27", "text": "they're half regulated half not"}, {"start": "00:39:26", "end": "00:39:29", "text": "regulated so they cannot really go full"}, {"start": "00:39:27", "end": "00:39:30", "text": "digit but no one cares about the"}, {"start": "00:39:29", "end": "00:39:31", "text": "corporate chain. So I think that's the"}, {"start": "00:39:30", "end": "00:39:33", "text": "that's the biggest problem is the"}, {"start": "00:39:31", "end": "00:39:34", "text": "biggest is the big is the biggest"}, {"start": "00:39:33", "end": "00:39:38", "text": "problem. Can it still pump? It can still"}, {"start": "00:39:34", "end": "00:39:39", "text": "pump. You can still pump but uh it's uh"}, {"start": "00:39:38", "end": "00:39:41", "text": "we we just have to see what else"}, {"start": "00:39:39", "end": "00:39:43", "text": "happening in the trends. Okay. Always"}, {"start": "00:39:41", "end": "00:39:45", "text": "the trend. Ivan joined Bulmania and"}, {"start": "00:39:43", "end": "00:39:47", "text": "learning a lot. Still a lot to learn."}, {"start": "00:39:45", "end": "00:39:50", "text": "Big shout out. Big shout to you. Another"}, {"start": "00:39:47", "end": "00:39:52", "text": "Brit. Fantastic. Fantastic."}, {"start": "00:39:50", "end": "00:39:56", "text": "Uh thanks for the feedback. Hey Ivan, do"}, {"start": "00:39:52", "end": "00:39:58", "text": "you think Kaspa has the best uh proofof"}, {"start": "00:39:56", "end": "00:40:00", "text": "work tech? Uh could it be next"}, {"start": "00:39:58", "end": "00:40:01", "text": "Cyberpunk? What what do you mean best"}, {"start": "00:40:00", "end": "00:40:03", "text": "proof of work tech? I don't know what it"}, {"start": "00:40:01", "end": "00:40:06", "text": "means."}, {"start": "00:40:03", "end": "00:40:08", "text": "what is what is uh what is almost be"}, {"start": "00:40:06", "end": "00:40:10", "text": "best or like what's middle best you know"}, {"start": "00:40:08", "end": "00:40:13", "text": "how how do you define best proof of work"}, {"start": "00:40:10", "end": "00:40:14", "text": "it's a narrative I mean Bitcoin has"}, {"start": "00:40:13", "end": "00:40:16", "text": "Bitcoin has best proof of work in the"}, {"start": "00:40:14", "end": "00:40:18", "text": "sense that it has the most hash power"}, {"start": "00:40:16", "end": "00:40:19", "text": "like what what's the you need to you"}, {"start": "00:40:18", "end": "00:40:21", "text": "need to start organizing your thinking"}, {"start": "00:40:19", "end": "00:40:24", "text": "because people run around with this you"}, {"start": "00:40:21", "end": "00:40:26", "text": "know uh sayings like um oneliners they"}, {"start": "00:40:24", "end": "00:40:28", "text": "heard from the telegram and who is in"}, {"start": "00:40:26", "end": "00:40:30", "text": "the telegram are the retardios who are"}, {"start": "00:40:28", "end": "00:40:32", "text": "down 90%. So they may say stuff, okay,"}, {"start": "00:40:30", "end": "00:40:34", "text": "we have best proof of work. Like what do"}, {"start": "00:40:32", "end": "00:40:35", "text": "you mean best proof of work? Do you have"}, {"start": "00:40:34", "end": "00:40:37", "text": "most hash power? No, Bitcoin has most"}, {"start": "00:40:35", "end": "00:40:40", "text": "hash power. What what what does it mean"}, {"start": "00:40:37", "end": "00:40:43", "text": "best proof of work? What what is best?"}, {"start": "00:40:40", "end": "00:40:46", "text": "What is best? How is best? Uh you let me"}, {"start": "00:40:43", "end": "00:40:47", "text": "know because there I don't even I don't"}, {"start": "00:40:46", "end": "00:40:50", "text": "know what it means that you say it's"}, {"start": "00:40:47", "end": "00:40:52", "text": "best. the the the one the best way I"}, {"start": "00:40:50", "end": "00:40:55", "text": "mean if the the the the common way to"}, {"start": "00:40:52", "end": "00:40:57", "text": "see what is the best proof of work chain"}, {"start": "00:40:55", "end": "00:41:01", "text": "is the one that has most hash power"}, {"start": "00:40:57", "end": "00:41:04", "text": "which is most expensive to do 51% attack"}, {"start": "00:41:01", "end": "00:41:07", "text": "and uh which is the uh most secure I"}, {"start": "00:41:04", "end": "00:41:09", "text": "mean that's one way of doing it"}, {"start": "00:41:07", "end": "00:41:11", "text": "confirmation time less than two seconds"}, {"start": "00:41:09", "end": "00:41:14", "text": "uh okay so if you want speed there are"}, {"start": "00:41:11", "end": "00:41:15", "text": "many other fast chains uh Sana is fast"}, {"start": "00:41:14", "end": "00:41:18", "text": "like everything is fast everything is"}, {"start": "00:41:15", "end": "00:41:21", "text": "fast I mean proof of war guys it is for"}, {"start": "00:41:18", "end": "00:41:23", "text": "accuracy it's if you have proof of work"}, {"start": "00:41:21", "end": "00:41:25", "text": "you know it's it's classic product"}, {"start": "00:41:23", "end": "00:41:28", "text": "discussion you build the product what do"}, {"start": "00:41:25", "end": "00:41:31", "text": "what are you best in um proof of work"}, {"start": "00:41:28", "end": "00:41:32", "text": "and consensus it has one job and that is"}, {"start": "00:41:31", "end": "00:41:34", "text": "for security so if you have the best"}, {"start": "00:41:32", "end": "00:41:36", "text": "proof of work I mean I would imagine you"}, {"start": "00:41:34", "end": "00:41:37", "text": "have the best security then if you want"}, {"start": "00:41:36", "end": "00:41:39", "text": "speed you can go to salana like there"}, {"start": "00:41:37", "end": "00:41:42", "text": "are many other places that that have"}, {"start": "00:41:39", "end": "00:41:43", "text": "great speed but all of it is also uh"}, {"start": "00:41:42", "end": "00:41:45", "text": "don't don't worry about it too much"}, {"start": "00:41:43", "end": "00:41:47", "text": "let's just look at the chart whether it"}, {"start": "00:41:45", "end": "00:41:49", "text": "has best proof of work it's it's a it's"}, {"start": "00:41:47", "end": "00:41:50", "text": "a scope Don't don't worry about best"}, {"start": "00:41:49", "end": "00:41:52", "text": "proof of work. It will not save you from"}, {"start": "00:41:50", "end": "00:41:54", "text": "the bare trend. And listen, maybe it has"}, {"start": "00:41:52", "end": "00:41:55", "text": "the best proof of work. I'm not saying"}, {"start": "00:41:54", "end": "00:41:57", "text": "you telling you it doesn't have best"}, {"start": "00:41:55", "end": "00:41:59", "text": "proof of work. But if you if you tell"}, {"start": "00:41:57", "end": "00:42:01", "text": "me, you know, it's fastest is best"}, {"start": "00:41:59", "end": "00:42:02", "text": "fastest proof of work. Okay, maybe. I"}, {"start": "00:42:01", "end": "00:42:04", "text": "mean, who the hell knows? It's still"}, {"start": "00:42:02", "end": "00:42:06", "text": "bare trend. It's still going down in the"}, {"start": "00:42:04", "end": "00:42:07", "text": "bare trend. So, wait for it to be bull,"}, {"start": "00:42:06", "end": "00:42:09", "text": "then we can discuss your best proof of"}, {"start": "00:42:07", "end": "00:42:12", "text": "work. How the hell you define it? Is"}, {"start": "00:42:09", "end": "00:42:14", "text": "fastest. Okay, Sulana is faster. Great."}, {"start": "00:42:12", "end": "00:42:16", "text": "But, but Sana is not proof of work. Your"}, {"start": "00:42:14", "end": "00:42:18", "text": "thing is pro. Okay, good. What you do"}, {"start": "00:42:16", "end": "00:42:19", "text": "with it? I don't know what. Okay, you"}, {"start": "00:42:18", "end": "00:42:21", "text": "you have proof of work. Bit has proof of"}, {"start": "00:42:19", "end": "00:42:24", "text": "work. You're faster. Okay, I you see"}, {"start": "00:42:21", "end": "00:42:26", "text": "what is the result? Who's going to it's"}, {"start": "00:42:24", "end": "00:42:28", "text": "going to be like Zcash is it has no"}, {"start": "00:42:26", "end": "00:42:31", "text": "privacy. So, it's not cypher punk. It's"}, {"start": "00:42:28", "end": "00:42:33", "text": "not cypher punk. Who work is security?"}, {"start": "00:42:31", "end": "00:42:36", "text": "Maybe it's fast and it's hard to do 51%"}, {"start": "00:42:33", "end": "00:42:37", "text": "attack. Okay, as you can see, when you"}, {"start": "00:42:36", "end": "00:42:39", "text": "start digging a bit, you see that it's a"}, {"start": "00:42:37", "end": "00:42:41", "text": "lot of oneliner. Maybe it's still the"}, {"start": "00:42:39", "end": "00:42:43", "text": "best. It's still and you need oneliner"}, {"start": "00:42:41", "end": "00:42:45", "text": "by the way to for a good pump, you need"}, {"start": "00:42:43", "end": "00:42:48", "text": "oneliner. Let's by the way, see other"}, {"start": "00:42:45", "end": "00:42:50", "text": "chart. Maybe it has better chart, but"}, {"start": "00:42:48", "end": "00:42:54", "text": "I'm just telling you that a lot of this"}, {"start": "00:42:50", "end": "00:42:56", "text": "is BS, okay? It's uh you need oneliner"}, {"start": "00:42:54", "end": "00:42:58", "text": "for the plebe in the bull who's going to"}, {"start": "00:42:56", "end": "00:43:02", "text": "be excited and buy from you basically."}, {"start": "00:42:58", "end": "00:43:04", "text": "Okay, so bull trend then likely is going"}, {"start": "00:43:02", "end": "00:43:08", "text": "to run. I mean, Kaspa has a good history"}, {"start": "00:43:04", "end": "00:43:10", "text": "of having big fat runs. So if it goes"}, {"start": "00:43:08", "end": "00:43:11", "text": "bull, I think it would be quite exciting"}, {"start": "00:43:10", "end": "00:43:14", "text": "because again, Casper is one of these"}, {"start": "00:43:11", "end": "00:43:15", "text": "things that uh that that pumps a lot."}, {"start": "00:43:14", "end": "00:43:17", "text": "Not because of best proof of work, guys."}, {"start": "00:43:15", "end": "00:43:18", "text": "It has nothing to do with best proof of"}, {"start": "00:43:17", "end": "00:43:20", "text": "work. If you think that the previous"}, {"start": "00:43:18", "end": "00:43:24", "text": "CASPA pumps, which have been quite big,"}, {"start": "00:43:20", "end": "00:43:26", "text": "are are due to best proof of work, man,"}, {"start": "00:43:24", "end": "00:43:29", "text": "you you're you're mistaken. It's not how"}, {"start": "00:43:26", "end": "00:43:31", "text": "it works, man."}, {"start": "00:43:29", "end": "00:43:33", "text": "You you must be new in crypto because if"}, {"start": "00:43:31", "end": "00:43:35", "text": "you think that best proof of work pumps"}, {"start": "00:43:33", "end": "00:43:37", "text": "any it doesn't pump anything, guys."}, {"start": "00:43:35", "end": "00:43:39", "text": "You're in good market maker, you're in"}, {"start": "00:43:37", "end": "00:43:41", "text": "good strategy. Now, uh let me actually"}, {"start": "00:43:39", "end": "00:43:44", "text": "see, are they buying back the coin? They"}, {"start": "00:43:41", "end": "00:43:46", "text": "should be buying back the coin now in in"}, {"start": "00:43:44", "end": "00:43:49", "text": "bare market. Let me see which exchange"}, {"start": "00:43:46", "end": "00:43:52", "text": "we may see that on. Maybe cool coin. Are"}, {"start": "00:43:49", "end": "00:43:54", "text": "they buying back? I mean something has"}, {"start": "00:43:52", "end": "00:43:56", "text": "happened here. There is quite a lot of"}, {"start": "00:43:54", "end": "00:43:58", "text": "volume here. Maybe they've been buying"}, {"start": "00:43:56", "end": "00:44:00", "text": "back the coin during the last uh few"}, {"start": "00:43:58", "end": "00:44:01", "text": "months at this lows where you have"}, {"start": "00:44:00", "end": "00:44:04", "text": "massive volume but the price doesn't do"}, {"start": "00:44:01", "end": "00:44:06", "text": "too much. So if they can buy back the"}, {"start": "00:44:04", "end": "00:44:07", "text": "coin for forget best proof of work, it"}, {"start": "00:44:06", "end": "00:44:09", "text": "will not help you pump. What will help"}, {"start": "00:44:07", "end": "00:44:10", "text": "help you pump is their market maker"}, {"start": "00:44:09", "end": "00:44:12", "text": "buying back the coin in the bear at"}, {"start": "00:44:10", "end": "00:44:15", "text": "cheap and then they can pump it in the"}, {"start": "00:44:12", "end": "00:44:16", "text": "next uh bull that that will help it. I"}, {"start": "00:44:15", "end": "00:44:18", "text": "mean guys, sorry to break your"}, {"start": "00:44:16", "end": "00:44:20", "text": "romanticism. Maybe you were so romantic"}, {"start": "00:44:18", "end": "00:44:21", "text": "with best proof of work. I'm just"}, {"start": "00:44:20", "end": "00:44:23", "text": "telling you it's like the last thing"}, {"start": "00:44:21", "end": "00:44:25", "text": "that's going to pump you. Your best"}, {"start": "00:44:23", "end": "00:44:28", "text": "proof is is it's not how it works. Uh"}, {"start": "00:44:25", "end": "00:44:30", "text": "but if you want to be romantic then I"}, {"start": "00:44:28", "end": "00:44:33", "text": "can tell you it has very good proof of"}, {"start": "00:44:30", "end": "00:44:33", "text": "work."}, {"start": "00:44:34", "end": "00:44:37", "text": "But why you have proof of work for"}, {"start": "00:44:35", "end": "00:44:40", "text": "security? So you need hash power. How"}, {"start": "00:44:37", "end": "00:44:44", "text": "much hash power it has? Uh where where"}, {"start": "00:44:40", "end": "00:44:46", "text": "do you put it against um BTC? Okay."}, {"start": "00:44:44", "end": "00:44:47", "text": "Anyway, moving on. Jesse Pollock has"}, {"start": "00:44:46", "end": "00:44:49", "text": "definitely done a bad job at bass. I"}, {"start": "00:44:47", "end": "00:44:50", "text": "know. I mean, listen, you don't have to"}, {"start": "00:44:49", "end": "00:44:52", "text": "tell me that. I I I know that Jesse"}, {"start": "00:44:50", "end": "00:44:54", "text": "Pollock is very bad. Uh he's I mean,"}, {"start": "00:44:52", "end": "00:44:57", "text": "he's a great guy. He's a cringe guy."}, {"start": "00:44:54", "end": "00:44:59", "text": "Great guy. I love Jesse Pollock. Like as"}, {"start": "00:44:57", "end": "00:45:01", "text": "a friend, I would love him. Uh now I"}, {"start": "00:44:59", "end": "00:45:02", "text": "don't know him and we're not friends"}, {"start": "00:45:01", "end": "00:45:04", "text": "because I don't we never spoken"}, {"start": "00:45:02", "end": "00:45:07", "text": "actually. Well, I think one time we"}, {"start": "00:45:04", "end": "00:45:10", "text": "spoke something on Twitter, but as a"}, {"start": "00:45:07", "end": "00:45:13", "text": "product guy for bass. Oh my god, it's"}, {"start": "00:45:10", "end": "00:45:14", "text": "been very bad decision. Brian Armstrong,"}, {"start": "00:45:13", "end": "00:45:16", "text": "if you're listening, you need to fire"}, {"start": "00:45:14", "end": "00:45:17", "text": "Jesse. And again, I love Jesse, but"}, {"start": "00:45:16", "end": "00:45:19", "text": "listen, we do we do business just like"}, {"start": "00:45:17", "end": "00:45:21", "text": "I'm telling you that you're going to get"}, {"start": "00:45:19", "end": "00:45:24", "text": "fired by AI. And I'm not uh sugar coing"}, {"start": "00:45:21", "end": "00:45:26", "text": "it. As a leader, like we need success"}, {"start": "00:45:24", "end": "00:45:29", "text": "here. I would fire Jesse. I mean, I"}, {"start": "00:45:26", "end": "00:45:30", "text": "still love Jesse. Maybe he can he he he"}, {"start": "00:45:29", "end": "00:45:32", "text": "should be maybe in HR or something. He"}, {"start": "00:45:30", "end": "00:45:34", "text": "says, you know, he's a great, you know,"}, {"start": "00:45:32", "end": "00:45:36", "text": "this he seems to be great at human"}, {"start": "00:45:34", "end": "00:45:38", "text": "relation. I would put him in HR. He he"}, {"start": "00:45:36", "end": "00:45:41", "text": "to me, he seems like a guy who would fit"}, {"start": "00:45:38", "end": "00:45:45", "text": "perfectly in HR. Great guy, you know, a"}, {"start": "00:45:41", "end": "00:45:47", "text": "bit uh goofy guy, a great guy. He needs"}, {"start": "00:45:45", "end": "00:45:50", "text": "to be somewhere in this like interfacing"}, {"start": "00:45:47", "end": "00:45:52", "text": "with humans, motivation, stuff like"}, {"start": "00:45:50", "end": "00:45:55", "text": "that. So, he seems seems to be a great"}, {"start": "00:45:52", "end": "00:45:59", "text": "guy. So, but to lead base, I mean,"}, {"start": "00:45:55", "end": "00:46:01", "text": "number one, you need someone who is"}, {"start": "00:45:59", "end": "00:46:03", "text": "truly on chain. Like, for real, for not"}, {"start": "00:46:01", "end": "00:46:06", "text": "this, you know, we're going to do Zora,"}, {"start": "00:46:03", "end": "00:46:07", "text": "we're going to mint tweet on chain like,"}, {"start": "00:46:06", "end": "00:46:09", "text": "you know, we're going to mint content"}, {"start": "00:46:07", "end": "00:46:12", "text": "like it's not real on chain. It's not"}, {"start": "00:46:09", "end": "00:46:15", "text": "where millions are made on chain. Oh,"}, {"start": "00:46:12", "end": "00:46:18", "text": "real onchain means you understand how"}, {"start": "00:46:15", "end": "00:46:20", "text": "millions are made on chain. You"}, {"start": "00:46:18", "end": "00:46:23", "text": "understand that this guy he bought dog"}, {"start": "00:46:20", "end": "00:46:24", "text": "with hat. It went up a lot and you"}, {"start": "00:46:23", "end": "00:46:26", "text": "understand the mechanic of it. You"}, {"start": "00:46:24", "end": "00:46:28", "text": "understand the mech like real mechanic"}, {"start": "00:46:26", "end": "00:46:30", "text": "of it. How does it work? You launch"}, {"start": "00:46:28", "end": "00:46:32", "text": "coin. Okay. Where does the money come"}, {"start": "00:46:30", "end": "00:46:34", "text": "from? What is the ecosystem? How it"}, {"start": "00:46:32", "end": "00:46:35", "text": "works? Okay, that's real. That's real."}, {"start": "00:46:34", "end": "00:46:38", "text": "When you have this, you know, Zora,"}, {"start": "00:46:35", "end": "00:46:40", "text": "someone means picture, no one cares."}, {"start": "00:46:38", "end": "00:46:42", "text": "It's"}, {"start": "00:46:40", "end": "00:46:43", "text": "no no."}, {"start": "00:46:42", "end": "00:46:45", "text": "Zor point was a failure and they pushed"}, {"start": "00:46:43", "end": "00:46:47", "text": "it hard. Exactly. Exactly. So, yeah."}, {"start": "00:46:45", "end": "00:46:49", "text": "Exactly. Thanks for the content, Ivan."}, {"start": "00:46:47", "end": "00:46:51", "text": "Thanks. Thanks. Thanks, Vayner. Thanks."}, {"start": "00:46:49", "end": "00:46:53", "text": "Thank you very much for the uh for the"}, {"start": "00:46:51", "end": "00:46:55", "text": "chat donation. Fantastic. No, I fully"}, {"start": "00:46:53", "end": "00:46:57", "text": "agree here. I fully agree. Jesse should"}, {"start": "00:46:55", "end": "00:46:59", "text": "go to HR. Okay. And I say it with"}, {"start": "00:46:57", "end": "00:47:02", "text": "highest respect. He people need to do"}, {"start": "00:46:59", "end": "00:47:04", "text": "what they're good at. If I'm a CEO, I"}, {"start": "00:47:02", "end": "00:47:07", "text": "see I see guy is not good at something."}, {"start": "00:47:04", "end": "00:47:11", "text": "Okay, someone else needs to try. Uh you"}, {"start": "00:47:07", "end": "00:47:14", "text": "cannot have one guy owning a thing and u"}, {"start": "00:47:11", "end": "00:47:16", "text": "you you rely only on on that guy. And"}, {"start": "00:47:14", "end": "00:47:18", "text": "again, he's m he's had many chances. How"}, {"start": "00:47:16", "end": "00:47:19", "text": "many chance he had? How many years is"}, {"start": "00:47:18", "end": "00:47:22", "text": "base? Base is like three four years. How"}, {"start": "00:47:19", "end": "00:47:24", "text": "many is it? So yeah, they they need to"}, {"start": "00:47:22", "end": "00:47:26", "text": "remove Jesse. I'm all for that. Jesse,"}, {"start": "00:47:24", "end": "00:47:30", "text": "let's find you a new job. Great job."}, {"start": "00:47:26", "end": "00:47:33", "text": "Maybe even better job. Uh yeah, but he"}, {"start": "00:47:30", "end": "00:47:35", "text": "Okay. Okay. Jesse. Okay. I he could I"}, {"start": "00:47:33", "end": "00:47:37", "text": "mean he can still be involved in in in"}, {"start": "00:47:35", "end": "00:47:39", "text": "bass. Maybe he can organize conference."}, {"start": "00:47:37", "end": "00:47:41", "text": "He would be great at conference"}, {"start": "00:47:39", "end": "00:47:43", "text": "welcoming people. you know, he's he's"}, {"start": "00:47:41", "end": "00:47:46", "text": "has a nice aura, but he's not he's not"}, {"start": "00:47:43", "end": "00:47:48", "text": "onchain native. Okay, now guys, listen."}, {"start": "00:47:46", "end": "00:47:50", "text": "Maybe I'm misunderstanding something."}, {"start": "00:47:48", "end": "00:47:52", "text": "I'm not part of Coinbase, but because"}, {"start": "00:47:50", "end": "00:47:55", "text": "this is our show, we're here to yap."}, {"start": "00:47:52", "end": "00:47:58", "text": "We're here to yap. I'm yapping about"}, {"start": "00:47:55", "end": "00:48:00", "text": "stuff here that I maybe not fully know"}, {"start": "00:47:58", "end": "00:48:02", "text": "about. Okay, so big shout out to Jesse."}, {"start": "00:48:00", "end": "00:48:04", "text": "If you're watching this, I love you."}, {"start": "00:48:02", "end": "00:48:07", "text": "Maybe I'm yapping wrong. Let me know in"}, {"start": "00:48:04", "end": "00:48:07", "text": "the comment section."}, {"start": "00:48:08", "end": "00:48:12", "text": "Okay, moving on."}, {"start": "00:48:19", "end": "00:48:23", "text": "Okay, Kaspa guy. Kaspa guy wants wants"}, {"start": "00:48:21", "end": "00:48:25", "text": "us to understand the power of Kaspa."}, {"start": "00:48:23", "end": "00:48:27", "text": "He's saying Kaspa is a social media"}, {"start": "00:48:25", "end": "00:48:29", "text": "running entirely on chain. Every post,"}, {"start": "00:48:27", "end": "00:48:31", "text": "comment. Okay. Yeah. I mean, good, good,"}, {"start": "00:48:29", "end": "00:48:33", "text": "good. But the the you know where are the"}, {"start": "00:48:31", "end": "00:48:35", "text": "users who's going to use it etc. I mean"}, {"start": "00:48:33", "end": "00:48:38", "text": "you understand but don't worry about"}, {"start": "00:48:35", "end": "00:48:39", "text": "that like don't try to convince us about"}, {"start": "00:48:38", "end": "00:48:41", "text": "fundamentals because in this community"}, {"start": "00:48:39", "end": "00:48:44", "text": "we are immune against that BS okay"}, {"start": "00:48:41", "end": "00:48:46", "text": "fundamentals this I mean I I can do also"}, {"start": "00:48:44", "end": "00:48:48", "text": "onchain social media you can have"}, {"start": "00:48:46", "end": "00:48:49", "text": "onchain social media on Solana on sui"}, {"start": "00:48:48", "end": "00:48:52", "text": "you can have it anywhere you can you can"}, {"start": "00:48:49", "end": "00:48:54", "text": "have social media on chain anywhere like"}, {"start": "00:48:52", "end": "00:48:57", "text": "you can put it on freaking Tron put any"}, {"start": "00:48:54", "end": "00:48:59", "text": "pick any chain like a close your eye"}, {"start": "00:48:57", "end": "00:49:02", "text": "throw a dart you can probably put social"}, {"start": "00:48:59", "end": "00:49:06", "text": "media on that chain so"}, {"start": "00:49:02", "end": "00:49:09", "text": "Give me bull trend. If you're so great,"}, {"start": "00:49:06", "end": "00:49:10", "text": "can you give bull trend? Don't speak"}, {"start": "00:49:09", "end": "00:49:13", "text": "about this kaspa until you have bull"}, {"start": "00:49:10", "end": "00:49:15", "text": "trend. Get get into bull trend. Okay. So"}, {"start": "00:49:13", "end": "00:49:18", "text": "great social media. Wait. Why is bare"}, {"start": "00:49:15", "end": "00:49:20", "text": "trend? Why so great social? Okay. Get"}, {"start": "00:49:18", "end": "00:49:22", "text": "into bull trend. Get to bull trend on"}, {"start": "00:49:20", "end": "00:49:24", "text": "the weekly or the daily man. Pick your"}, {"start": "00:49:22", "end": "00:49:26", "text": "own time frame. Can you even get on the"}, {"start": "00:49:24", "end": "00:49:29", "text": "four? Even on the 4 hour you cannot get"}, {"start": "00:49:26", "end": "00:49:31", "text": "to bull trend. Get to bull trend"}, {"start": "00:49:29", "end": "00:49:33", "text": "somewhere. What? So great. So we have so"}, {"start": "00:49:31", "end": "00:49:35", "text": "great I so great. You have one hour bull"}, {"start": "00:49:33", "end": "00:49:37", "text": "trend. Okay. So the scalpers can do"}, {"start": "00:49:35", "end": "00:49:40", "text": "something here. Otherwise it's all"}, {"start": "00:49:37", "end": "00:49:42", "text": "great. Okay. Why is why why is dump? Why"}, {"start": "00:49:40", "end": "00:49:44", "text": "dump? What's happening? When is bull"}, {"start": "00:49:42", "end": "00:49:47", "text": "trend? Okay. Different story. Then you"}, {"start": "00:49:44", "end": "00:49:49", "text": "can then you you have a permission. You"}, {"start": "00:49:47", "end": "00:49:54", "text": "have earned the right to shield your"}, {"start": "00:49:49", "end": "00:49:56", "text": "onchain social media on Kaspa."}, {"start": "00:49:54", "end": "00:49:58", "text": "Then we can shield your onchain social"}, {"start": "00:49:56", "end": "00:50:02", "text": "media on Casper. Okay. Before that bad"}, {"start": "00:49:58", "end": "00:50:04", "text": "trend it's uh Yeah."}, {"start": "00:50:02", "end": "00:50:06", "text": "Okay guys, let's let's wrap it. Bye bye."}, {"start": "00:50:04", "end": "00:50:09", "text": "Big shout out to Casper guy. I love"}, {"start": "00:50:06", "end": "00:50:12", "text": "Kaspo guy. He's great. He's great. Okay,"}, {"start": "00:50:09", "end": "00:50:15", "text": "so check the index S&P SPX NASDAQ. Okay,"}, {"start": "00:50:12", "end": "00:50:18", "text": "let's check as as a final wrapping"}, {"start": "00:50:15", "end": "00:50:21", "text": "wrapping it off. How is Harsh doing by"}, {"start": "00:50:18", "end": "00:50:23", "text": "the way? Is harsh in the chat with us?"}, {"start": "00:50:21", "end": "00:50:27", "text": "Is harsh in good spirits? Check check."}, {"start": "00:50:23", "end": "00:50:29", "text": "Harsh, are you with us? So"}, {"start": "00:50:27", "end": "00:50:31", "text": "a lot of volatility"}, {"start": "00:50:29", "end": "00:50:35", "text": "still bull. What the hell happened here,"}, {"start": "00:50:31", "end": "00:50:39", "text": "guys? What what what happened here? Uh"}, {"start": "00:50:35", "end": "00:50:41", "text": "yeah. Uh interesting. Interesting. Uh"}, {"start": "00:50:39", "end": "00:50:43", "text": "interesting. Yeah, it's a silver bull"}, {"start": "00:50:41", "end": "00:50:45", "text": "trend. Still bull trend. Yo, harsh"}, {"start": "00:50:43", "end": "00:50:48", "text": "saying yes, chief. Good, good, good,"}, {"start": "00:50:45", "end": "00:50:50", "text": "good, good. Good spirit. You happy?"}, {"start": "00:50:48", "end": "00:50:52", "text": "Please, please say I am happy. Everyone"}, {"start": "00:50:50", "end": "00:50:54", "text": "in the chat also, even if you're not"}, {"start": "00:50:52", "end": "00:50:58", "text": "harsh, write in chat, I am happy. If"}, {"start": "00:50:54", "end": "00:51:00", "text": "you're happy uh use time time stamp 50"}, {"start": "00:50:58", "end": "00:51:02", "text": "col 0 0 50 col 0 0 Okay okay I'm happy"}, {"start": "00:51:00", "end": "00:51:04", "text": "we can"}, {"start": "00:51:02", "end": "00:51:07", "text": "so what happened here guys yes it was"}, {"start": "00:51:04", "end": "00:51:10", "text": "yesterday right what happened"}, {"start": "00:51:07", "end": "00:51:14", "text": "oh almost went into bare trend well"}, {"start": "00:51:10", "end": "00:51:17", "text": "started to to go into bare trend uh on"}, {"start": "00:51:14", "end": "00:51:20", "text": "daily so but then it recovered so that's"}, {"start": "00:51:17", "end": "00:51:22", "text": "interesting let's see NASDAQ"}, {"start": "00:51:20", "end": "00:51:24", "text": "NASDAQ look here look here look here"}, {"start": "00:51:22", "end": "00:51:26", "text": "look here look here on the daily Now"}, {"start": "00:51:24", "end": "00:51:29", "text": "moving into the bar territory on the"}, {"start": "00:51:26", "end": "00:51:32", "text": "daily. On the daily. Oh yo yo guys."}, {"start": "00:51:29", "end": "00:51:35", "text": "Maybe it's the AI bubble popping. AI"}, {"start": "00:51:32", "end": "00:51:37", "text": "bubble popping in real time. So guys,"}, {"start": "00:51:35", "end": "00:51:39", "text": "we're still bullish because it's bull."}, {"start": "00:51:37", "end": "00:51:41", "text": "Should go bare."}, {"start": "00:51:39", "end": "00:51:44", "text": "We wash the hands. We We We're bear."}, {"start": "00:51:41", "end": "00:51:47", "text": "We're bear. We're bear."}, {"start": "00:51:44", "end": "00:51:49", "text": "Oh la. There you go."}, {"start": "00:51:47", "end": "00:51:52", "text": "There you go. A bit of a bear. A bit of"}, {"start": "00:51:49", "end": "00:51:54", "text": "a bear. Uhoh. Hola la. That's"}, {"start": "00:51:52", "end": "00:51:56", "text": "interesting. That's interesting. Let's"}, {"start": "00:51:54", "end": "00:51:59", "text": "see. Let's see how it unfolds. Let's see"}, {"start": "00:51:56", "end": "00:52:02", "text": "how it unfolds. Stretch. Okay. Okay."}, {"start": "00:51:59", "end": "00:52:04", "text": "They didn't dump still at 96. But is how"}, {"start": "00:52:02", "end": "00:52:07", "text": "it going to go to 100? They have now he"}, {"start": "00:52:04", "end": "00:52:09", "text": "he can raise Wednesday, Thursday, and he"}, {"start": "00:52:07", "end": "00:52:13", "text": "can race Friday. That's it. That's it."}, {"start": "00:52:09", "end": "00:52:13", "text": "That's it. That's it. That's it."}, {"start": "00:52:14", "end": "00:52:20", "text": "Oh yeah. On the founder passed away,"}, {"start": "00:52:16", "end": "00:52:23", "text": "right? What all happened?"}, {"start": "00:52:20", "end": "00:52:24", "text": "Bad story. Yeah. Rest in peace. I I"}, {"start": "00:52:23", "end": "00:52:27", "text": "think I read about it. Yeah. Rest in"}, {"start": "00:52:24", "end": "00:52:28", "text": "peace. Rest in peace."}, {"start": "00:52:27", "end": "00:52:32", "text": "Uh"}, {"start": "00:52:28", "end": "00:52:33", "text": "okay. So, uh"}, {"start": "00:52:32", "end": "00:52:37", "text": "on this bull trend. Okay. Okay. Okay."}, {"start": "00:52:33", "end": "00:52:37", "text": "Let's check that"}, {"start": "00:52:40", "end": "00:52:45", "text": "on the bull trend. But let it go above"}, {"start": "00:52:42", "end": "00:52:46", "text": "this uh yellow. Okay. It's bull trend,"}, {"start": "00:52:45", "end": "00:52:49", "text": "but it's very weak. I mean, as you can"}, {"start": "00:52:46", "end": "00:52:51", "text": "see, it's uh kind of wants to go back to"}, {"start": "00:52:49", "end": "00:52:52", "text": "bare. So, just wait for the yellow line."}, {"start": "00:52:51", "end": "00:52:53", "text": "That's why we have this yellow line"}, {"start": "00:52:52", "end": "00:52:55", "text": "here. We put it a few weeks ago or maybe"}, {"start": "00:52:53", "end": "00:52:58", "text": "days ago."}, {"start": "00:52:55", "end": "00:53:00", "text": "Ivan, are you buying SpaceX tomorrow?"}, {"start": "00:52:58", "end": "00:53:03", "text": "Kaspa guy, you need to rewatch the"}, {"start": "00:53:00", "end": "00:53:05", "text": "stream because we we had the or today"}, {"start": "00:53:03", "end": "00:53:07", "text": "and yesterday we both uh both days we"}, {"start": "00:53:05", "end": "00:53:10", "text": "discussed that uh I'm not going to be"}, {"start": "00:53:07", "end": "00:53:12", "text": "buying IPO. I'm going to be seeing how"}, {"start": "00:53:10", "end": "00:53:13", "text": "the trends turn out. We need to see the"}, {"start": "00:53:12", "end": "00:53:15", "text": "real trading. I'm not going to be"}, {"start": "00:53:13", "end": "00:53:17", "text": "forming in that IPO. No, no. I mean,"}, {"start": "00:53:15", "end": "00:53:18", "text": "it's the biggest IPO in history. And by"}, {"start": "00:53:17", "end": "00:53:20", "text": "the way, if it moves and it never"}, {"start": "00:53:18", "end": "00:53:22", "text": "returns to IPO price, I'm fine. Like"}, {"start": "00:53:20", "end": "00:53:24", "text": "listen, I'm not here to chase. I'm not"}, {"start": "00:53:22", "end": "00:53:26", "text": "here to to you know for into something"}, {"start": "00:53:24", "end": "00:53:28", "text": "because there are things pumping every"}, {"start": "00:53:26", "end": "00:53:29", "text": "day. What's likely going to happen, I"}, {"start": "00:53:28", "end": "00:53:31", "text": "can tell you what's likely going to"}, {"start": "00:53:29", "end": "00:53:35", "text": "happen is that you have the open, maybe"}, {"start": "00:53:31", "end": "00:53:37", "text": "it pumps a bit, then dump, then a few,"}, {"start": "00:53:35", "end": "00:53:39", "text": "you know, six months uh figuring itself"}, {"start": "00:53:37", "end": "00:53:42", "text": "out uh with highest likelihood below the"}, {"start": "00:53:39", "end": "00:53:44", "text": "IPO price with highest likelihood. Um"}, {"start": "00:53:42", "end": "00:53:47", "text": "and that would be a good uh then we can"}, {"start": "00:53:44", "end": "00:53:48", "text": "see, man, we can see I see I I'm not I"}, {"start": "00:53:47", "end": "00:53:50", "text": "don't know if it's a good price like"}, {"start": "00:53:48", "end": "00:53:51", "text": "with this trillions, is it good price? I"}, {"start": "00:53:50", "end": "00:53:53", "text": "don't know. I need to see how it's"}, {"start": "00:53:51", "end": "00:53:55", "text": "raising in the real market. That's my"}, {"start": "00:53:53", "end": "00:53:57", "text": "strategy. Now some other people they"}, {"start": "00:53:55", "end": "00:53:59", "text": "analyze preipo the business. They"}, {"start": "00:53:57", "end": "00:54:01", "text": "analyze how you know the potential is"}, {"start": "00:53:59", "end": "00:54:04", "text": "the the IPO price cheap or not. I don't"}, {"start": "00:54:01", "end": "00:54:05", "text": "like that analysis. I don't uh it's not"}, {"start": "00:54:04", "end": "00:54:07", "text": "my style. It's not my style. I don't"}, {"start": "00:54:05", "end": "00:54:10", "text": "want to analyze a company before IPO and"}, {"start": "00:54:07", "end": "00:54:12", "text": "then decide myself if the valuation is"}, {"start": "00:54:10", "end": "00:54:14", "text": "cheap or not for many different reasons."}, {"start": "00:54:12", "end": "00:54:16", "text": "I mean number one reason being that even"}, {"start": "00:54:14", "end": "00:54:18", "text": "if they are correct it can still dump"}, {"start": "00:54:16", "end": "00:54:21", "text": "for like two years 90% until it"}, {"start": "00:54:18", "end": "00:54:23", "text": "recovers. Okay. uh and uh the analysis"}, {"start": "00:54:21", "end": "00:54:27", "text": "will still be correct but it still can"}, {"start": "00:54:23", "end": "00:54:28", "text": "dump 50 70 90% and then and you know"}, {"start": "00:54:27", "end": "00:54:31", "text": "maybe then in two three years it goes up"}, {"start": "00:54:28", "end": "00:54:34", "text": "like they expected so just the timing of"}, {"start": "00:54:31", "end": "00:54:38", "text": "it is very hard number one number two I"}, {"start": "00:54:34", "end": "00:54:39", "text": "know how these things work you go public"}, {"start": "00:54:38", "end": "00:54:41", "text": "at such a high valuation why you have"}, {"start": "00:54:39", "end": "00:54:43", "text": "such high valuation because you want to"}, {"start": "00:54:41", "end": "00:54:45", "text": "capture all of the gains you do you"}, {"start": "00:54:43", "end": "00:54:47", "text": "think they leave something to retail do"}, {"start": "00:54:45", "end": "00:54:50", "text": "you really think they they go public"}, {"start": "00:54:47", "end": "00:54:52", "text": "with SpaceX or other IPOs now at multi-"}, {"start": "00:54:50", "end": "00:54:54", "text": "trillion valuations and they leave"}, {"start": "00:54:52", "end": "00:54:56", "text": "anything to retail. I think that when"}, {"start": "00:54:54", "end": "00:54:57", "text": "they decide on the IPO price, what they"}, {"start": "00:54:56", "end": "00:54:59", "text": "do is that okay, what's the highest"}, {"start": "00:54:57", "end": "00:55:01", "text": "possible so it's not ridiculous. So it"}, {"start": "00:54:59", "end": "00:55:03", "text": "still kind of uh trades. Okay, it"}, {"start": "00:55:01", "end": "00:55:05", "text": "doesn't go down like instantly. Maybe it"}, {"start": "00:55:03", "end": "00:55:08", "text": "even like holds up a bit. What's like"}, {"start": "00:55:05", "end": "00:55:11", "text": "the highest possible? Uh okay, let's go"}, {"start": "00:55:08", "end": "00:55:13", "text": "with that. Uh and then they have to grow"}, {"start": "00:55:11", "end": "00:55:16", "text": "the business. They have to reach the new"}, {"start": "00:55:13", "end": "00:55:18", "text": "milestones. And you as plebe, you can be"}, {"start": "00:55:16", "end": "00:55:21", "text": "part of that. Okay, you can be part of"}, {"start": "00:55:18", "end": "00:55:23", "text": "what they have not achieved yet which"}, {"start": "00:55:21", "end": "00:55:25", "text": "means that it's going to take time two"}, {"start": "00:55:23", "end": "00:55:28", "text": "three years maybe it goes down quite a"}, {"start": "00:55:25", "end": "00:55:30", "text": "lot until market understands until they"}, {"start": "00:55:28", "end": "00:55:34", "text": "deliver until they you know until this"}, {"start": "00:55:30", "end": "00:55:37", "text": "new stage. So basically I think it's a"}, {"start": "00:55:34", "end": "00:55:38", "text": "mistake to think that they list it and"}, {"start": "00:55:37", "end": "00:55:40", "text": "that you have some free lunch here. They"}, {"start": "00:55:38", "end": "00:55:42", "text": "listed at the fair price like the"}, {"start": "00:55:40", "end": "00:55:45", "text": "maximum maximum price based on the"}, {"start": "00:55:42", "end": "00:55:47", "text": "current progress and even projections"}, {"start": "00:55:45", "end": "00:55:50", "text": "and even the you know the projections"}, {"start": "00:55:47", "end": "00:55:52", "text": "for next five years is already priced in"}, {"start": "00:55:50", "end": "00:55:53", "text": "what they have done up until now and"}, {"start": "00:55:52", "end": "00:55:56", "text": "what they're going to deliver in the"}, {"start": "00:55:53", "end": "00:55:58", "text": "next five years that is already like"}, {"start": "00:55:56", "end": "00:56:00", "text": "priced to the max. What you as plebbe"}, {"start": "00:55:58", "end": "00:56:02", "text": "can participate what we as plebs"}, {"start": "00:56:00", "end": "00:56:05", "text": "together can participate in is okay"}, {"start": "00:56:02", "end": "00:56:07", "text": "what's next 20 years and what's what's"}, {"start": "00:56:05", "end": "00:56:09", "text": "the big dream are we going to go to Mars"}, {"start": "00:56:07", "end": "00:56:12", "text": "what's you know AI SpaceX is mainly"}, {"start": "00:56:09", "end": "00:56:14", "text": "valued on uh Grock as far as I"}, {"start": "00:56:12", "end": "00:56:16", "text": "understand that they have merged a bunch"}, {"start": "00:56:14", "end": "00:56:18", "text": "just follow the dumb trend okay we see"}, {"start": "00:56:16", "end": "00:56:20", "text": "how it lists we see the trend if we see"}, {"start": "00:56:18", "end": "00:56:23", "text": "it mooning okay great we can participate"}, {"start": "00:56:20", "end": "00:56:25", "text": "still uh and don't be greedy don't be"}, {"start": "00:56:23", "end": "00:56:27", "text": "greedy I don't feel any formal because"}, {"start": "00:56:25", "end": "00:56:29", "text": "there's something pumping every Hey,"}, {"start": "00:56:27", "end": "00:56:31", "text": "every day something pumping. I mean,"}, {"start": "00:56:29", "end": "00:56:34", "text": "just look at the stock market during the"}, {"start": "00:56:31", "end": "00:56:36", "text": "last few months. It's been crazy. You"}, {"start": "00:56:34", "end": "00:56:38", "text": "don't need SpaceX IPO to for you to make"}, {"start": "00:56:36", "end": "00:56:43", "text": "a lot of money from stocks. Look here,"}, {"start": "00:56:38", "end": "00:56:45", "text": "TSM since a year ago, 120 120%. Let me"}, {"start": "00:56:43", "end": "00:56:47", "text": "see here. If I just do like this and I"}, {"start": "00:56:45", "end": "00:56:49", "text": "just do like this and we just look at"}, {"start": "00:56:47", "end": "00:56:51", "text": "the US. I mean, there are many companies"}, {"start": "00:56:49", "end": "00:56:53", "text": "that go bullish on the money line and on"}, {"start": "00:56:51", "end": "00:56:55", "text": "the money scanner would tell you in real"}, {"start": "00:56:53", "end": "00:56:57", "text": "time if you're part of Bulmania. And you"}, {"start": "00:56:55", "end": "00:57:00", "text": "you don't need to be in the most hyped"}, {"start": "00:56:57", "end": "00:57:04", "text": "IPOs in the world to make money. And if"}, {"start": "00:57:00", "end": "00:57:06", "text": "you love space anyway, you can still uh"}, {"start": "00:57:04", "end": "00:57:08", "text": "participate later on. Okay? And you and"}, {"start": "00:57:06", "end": "00:57:10", "text": "I'm telling you that's my strategy"}, {"start": "00:57:08", "end": "00:57:13", "text": "because I'm fine like in the event that"}, {"start": "00:57:10", "end": "00:57:15", "text": "SpaceX lists and then it just pumps like"}, {"start": "00:57:13", "end": "00:57:18", "text": "crazy. I I'm I'm fine with that. I'm"}, {"start": "00:57:15", "end": "00:57:20", "text": "fine with that. Uh I I'm totally fine"}, {"start": "00:57:18", "end": "00:57:21", "text": "with that. I'm not performing it. It"}, {"start": "00:57:20", "end": "00:57:23", "text": "could happen. It's a non-zero chance"}, {"start": "00:57:21", "end": "00:57:25", "text": "that they list and they just go to the"}, {"start": "00:57:23", "end": "00:57:27", "text": "sky and they go up like a freaking"}, {"start": "00:57:25", "end": "00:57:30", "text": "rocket ship because yeah they do space"}, {"start": "00:57:27", "end": "00:57:32", "text": "they go up like maybe it happens I don't"}, {"start": "00:57:30", "end": "00:57:34", "text": "think so but if it happens I'm fine"}, {"start": "00:57:32", "end": "00:57:36", "text": "because my strategy is that there's"}, {"start": "00:57:34", "end": "00:57:40", "text": "always something that pumps and I want"}, {"start": "00:57:36", "end": "00:57:41", "text": "to be where I have best riskreward. The"}, {"start": "00:57:40", "end": "00:57:43", "text": "cards are stacked in your in my favor"}, {"start": "00:57:41", "end": "00:57:45", "text": "with this big IPOs. I just don't feel"}, {"start": "00:57:43", "end": "00:57:46", "text": "they're really stacks in my favor. I'm"}, {"start": "00:57:45", "end": "00:57:48", "text": "taking for a ride. Maybe the ride is"}, {"start": "00:57:46", "end": "00:57:50", "text": "good. Maybe the ride is is is bad. I I"}, {"start": "00:57:48", "end": "00:57:53", "text": "don't know. like there's no way for me"}, {"start": "00:57:50", "end": "00:57:54", "text": "to know. So I would better to uh to see"}, {"start": "00:57:53", "end": "00:57:56", "text": "what's going to happen on the open"}, {"start": "00:57:54", "end": "00:57:58", "text": "market. Guys, I just want to check Micro"}, {"start": "00:57:56", "end": "00:58:01", "text": "Strategy because Azad is saying Micro"}, {"start": "00:57:58", "end": "00:58:03", "text": "Strategy is effed. Okay. Okay. I thought"}, {"start": "00:58:01", "end": "00:58:06", "text": "I I thought that they have some crazy"}, {"start": "00:58:03", "end": "00:58:08", "text": "open uh below like the close, but it's"}, {"start": "00:58:06", "end": "00:58:11", "text": "not too bad. But yeah, it's breaking"}, {"start": "00:58:08", "end": "00:58:13", "text": "down, guys. There is support here. Boop."}, {"start": "00:58:11", "end": "00:58:16", "text": "Breaking down. Uh the next support."}, {"start": "00:58:13", "end": "00:58:17", "text": "Where's the next support?"}, {"start": "00:58:16", "end": "00:58:21", "text": "Yeah, I mean maybe somewhere here is the"}, {"start": "00:58:17", "end": "00:58:23", "text": "next support. at 69. So if strategy goes"}, {"start": "00:58:21", "end": "00:58:24", "text": "here, don't get surpris I mean legit see"}, {"start": "00:58:23", "end": "00:58:26", "text": "there's no support here until 69. But"}, {"start": "00:58:24", "end": "00:58:27", "text": "they they still they may still get"}, {"start": "00:58:26", "end": "00:58:29", "text": "supported here. They haven't broken down"}, {"start": "00:58:27", "end": "00:58:33", "text": "yet. How low will my strategy go? They"}, {"start": "00:58:29", "end": "00:58:34", "text": "could go here to 69 because if they"}, {"start": "00:58:33", "end": "00:58:35", "text": "break down here boop the next one and"}, {"start": "00:58:34", "end": "00:58:38", "text": "you see yourself there's no other"}, {"start": "00:58:35", "end": "00:58:38", "text": "support"}, {"start": "00:58:39", "end": "00:58:44", "text": "and 69 I mean okay let when you when we"}, {"start": "00:58:42", "end": "00:58:46", "text": "speak about supports let me draw a"}, {"start": "00:58:44", "end": "00:58:48", "text": "rectangle stand. If you are in Bulmania,"}, {"start": "00:58:46", "end": "00:58:50", "text": "you know why we draw rectangle. But"}, {"start": "00:58:48", "end": "00:58:53", "text": "basically the support area here. 69 I"}, {"start": "00:58:50", "end": "00:58:56", "text": "would say is like the the bottom and the"}, {"start": "00:58:53", "end": "00:58:58", "text": "top of the area is 80. So between 80 and"}, {"start": "00:58:56", "end": "00:59:00", "text": "uh and 70 likely is the next support."}, {"start": "00:58:58", "end": "00:59:03", "text": "Guys, listen, that's it. Thanks a lot"}, {"start": "00:59:00", "end": "00:59:06", "text": "for being here. Enjoy your"}, {"start": "00:59:03", "end": "00:59:08", "text": "Wednesday. Great uh to hang out here"}, {"start": "00:59:06", "end": "00:59:10", "text": "with you. A lot of topics covered, a lot"}, {"start": "00:59:08", "end": "00:59:12", "text": "of ground covered. Hope you enjoyed a"}, {"start": "00:59:10", "end": "00:59:14", "text": "bit of analysis, Bitcoin, all coins,"}, {"start": "00:59:12", "end": "00:59:17", "text": "industry news, man. We do everything. We"}, {"start": "00:59:14", "end": "00:59:20", "text": "do everything. You get everything here."}, {"start": "00:59:17", "end": "00:59:21", "text": "Uh so you know what's happening. Uh and"}, {"start": "00:59:20", "end": "00:59:23", "text": "you also have a no BS approach. I mean"}, {"start": "00:59:21", "end": "00:59:25", "text": "when someone tells me BS, you know, best"}, {"start": "00:59:23", "end": "00:59:27", "text": "proof of work, what you you you guys"}, {"start": "00:59:25", "end": "00:59:29", "text": "said, I need to tell you. I need to tell"}, {"start": "00:59:27", "end": "00:59:32", "text": "you. Go to bullshan. Big shout to the"}, {"start": "00:59:29", "end": "00:59:34", "text": "Kaspa guy. Big shout to harsh to"}, {"start": "00:59:32", "end": "00:59:37", "text": "everyone. Enjoy. Smash up the like."}, {"start": "00:59:34", "end": "00:59:37", "text": "Goodbye, guys. Goodbye. Goodbye. Bye."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Let's go. Oh yes. Oh yes. Oh yes. Oh"}, {"start": "00:00:02", "end": "00:00:05", "text": "yes. Guys, welcome to another episode."}, {"start": "00:00:04", "end": "00:00:07", "text": "And as you can see right now, Bitcoin is"}, {"start": "00:00:05", "end": "00:00:09", "text": "doing something very interesting. We're"}, {"start": "00:00:07", "end": "00:00:11", "text": "using currently the 200 week moving"}, {"start": "00:00:09", "end": "00:00:13", "text": "average as support. You know that we've"}, {"start": "00:00:11", "end": "00:00:16", "text": "been speaking now for the last few days"}, {"start": "00:00:13", "end": "00:00:19", "text": "that we are likely in a position like we"}, {"start": "00:00:16", "end": "00:00:21", "text": "were here in 2022. This is the end of"}, {"start": "00:00:19", "end": "00:00:24", "text": "the bear. This is the last few chapters"}, {"start": "00:00:21", "end": "00:00:26", "text": "of the bear. But you have to be careful"}, {"start": "00:00:24", "end": "00:00:28", "text": "because we likely have more downside in"}, {"start": "00:00:26", "end": "00:00:30", "text": "the immediate short term. But mindset"}, {"start": "00:00:28", "end": "00:00:32", "text": "still has to be more bullish. We need to"}, {"start": "00:00:30", "end": "00:00:34", "text": "be warming up to the bull thesis. The"}, {"start": "00:00:32", "end": "00:00:37", "text": "reason why I'm warning you against more"}, {"start": "00:00:34", "end": "00:00:40", "text": "downside is number one, timewise, we"}, {"start": "00:00:37", "end": "00:00:43", "text": "still have four to six months of pain."}, {"start": "00:00:40", "end": "00:00:46", "text": "Okay, now that pain is not going to be"}, {"start": "00:00:43", "end": "00:00:48", "text": "as big as the pain we had here where"}, {"start": "00:00:46", "end": "00:00:50", "text": "your old coins dropped 90%. Many of them"}, {"start": "00:00:48", "end": "00:00:52", "text": "are already down 90 80%. Okay, very"}, {"start": "00:00:50", "end": "00:00:55", "text": "important. Bitcoin is also likely"}, {"start": "00:00:52", "end": "00:00:58", "text": "Bitcoin has also likely had the biggest"}, {"start": "00:00:55", "end": "00:01:00", "text": "fall behind it. Can we fall another 20%,"}, {"start": "00:00:58", "end": "00:01:02", "text": "another 30%, it's possible. It's"}, {"start": "00:01:00", "end": "00:01:05", "text": "possible. But overall, the biggest fall"}, {"start": "00:01:02", "end": "00:01:08", "text": "is behind us. We fell 50% already from"}, {"start": "00:01:05", "end": "00:01:10", "text": "the top. We lost 60K in price. Maybe we"}, {"start": "00:01:08", "end": "00:01:12", "text": "lose another 10K. Maybe we lose another"}, {"start": "00:01:10", "end": "00:01:14", "text": "15K. I mean, somewhere around there"}, {"start": "00:01:12", "end": "00:01:15", "text": "would be perfectly perfectly expected"}, {"start": "00:01:14", "end": "00:01:17", "text": "that we're here within the buy zone and"}, {"start": "00:01:15", "end": "00:01:19", "text": "we accumulate and we buy this cheap"}, {"start": "00:01:17", "end": "00:01:21", "text": "cheap Bitcoin within the green fantastic"}, {"start": "00:01:19", "end": "00:01:24", "text": "buy zone. I mean, I love it. Everything"}, {"start": "00:01:21", "end": "00:01:26", "text": "here in the buy zone, guys, it is cheap"}, {"start": "00:01:24", "end": "00:01:28", "text": "Bitcoin. Okay. But the reason why we"}, {"start": "00:01:26", "end": "00:01:32", "text": "need to be a bit careful here is because"}, {"start": "00:01:28", "end": "00:01:34", "text": "the AI bubble is becoming quite g"}, {"start": "00:01:32", "end": "00:01:36", "text": "gargantial. Gargantial. Do you say that"}, {"start": "00:01:34", "end": "00:01:38", "text": "in English? Gargantual. It's becoming"}, {"start": "00:01:36", "end": "00:01:41", "text": "massive, guys. It's becoming massive."}, {"start": "00:01:38", "end": "00:01:43", "text": "It's becoming so big that you will have"}, {"start": "00:01:41", "end": "00:01:45", "text": "three different trillion dollar"}, {"start": "00:01:43", "end": "00:01:48", "text": "companies getting publicly listed within"}, {"start": "00:01:45", "end": "00:01:50", "text": "the coming months. You have OpenAI now"}, {"start": "00:01:48", "end": "00:01:53", "text": "submitting their S1 basically preparing"}, {"start": "00:01:50", "end": "00:01:56", "text": "to go to go public. Okay, this is the"}, {"start": "00:01:53", "end": "00:01:59", "text": "news from yesterday. Of course, you also"}, {"start": "00:01:56", "end": "00:02:01", "text": "have SpaceX which will be released uh"}, {"start": "00:01:59", "end": "00:02:04", "text": "next week. Next, you have Anthropic"}, {"start": "00:02:01", "end": "00:02:06", "text": "going public also. We don't know the"}, {"start": "00:02:04", "end": "00:02:07", "text": "exact date, but it's going to be very"}, {"start": "00:02:06", "end": "00:02:10", "text": "very soon within the coming months. And"}, {"start": "00:02:07", "end": "00:02:12", "text": "they're all competing for liquidity. The"}, {"start": "00:02:10", "end": "00:02:13", "text": "reason why they all have to go public"}, {"start": "00:02:12", "end": "00:02:15", "text": "basically at the same time is because"}, {"start": "00:02:13", "end": "00:02:17", "text": "there is a bit of competition between"}, {"start": "00:02:15", "end": "00:02:19", "text": "them who will get the liquidity because"}, {"start": "00:02:17", "end": "00:02:22", "text": "they need so much capital. So, so so"}, {"start": "00:02:19", "end": "00:02:25", "text": "much capital. So this is very important."}, {"start": "00:02:22", "end": "00:02:27", "text": "Next, you also have rising oil prices."}, {"start": "00:02:25", "end": "00:02:29", "text": "Just like Arthur Hayes is saying, you"}, {"start": "00:02:27", "end": "00:02:32", "text": "you have all of these different factors"}, {"start": "00:02:29", "end": "00:02:33", "text": "that really point to big risks in the"}, {"start": "00:02:32", "end": "00:02:35", "text": "stock market. The stock market now is"}, {"start": "00:02:33", "end": "00:02:36", "text": "paradise. It's the la land and we've"}, {"start": "00:02:35", "end": "00:02:39", "text": "been rising it fantastically well. I"}, {"start": "00:02:36", "end": "00:02:43", "text": "mean, just looking at Intel, Intel is up"}, {"start": "00:02:39", "end": "00:02:45", "text": "33 32% since the bull flip on the money"}, {"start": "00:02:43", "end": "00:02:46", "text": "scanner. So, we're enjoying the stock"}, {"start": "00:02:45", "end": "00:02:48", "text": "market gains no matter what kind of"}, {"start": "00:02:46", "end": "00:02:51", "text": "risks there are because as soon as they"}, {"start": "00:02:48", "end": "00:02:52", "text": "go bearish, we're going to be risk off."}, {"start": "00:02:51", "end": "00:02:55", "text": "We're going to be risk off in a big big"}, {"start": "00:02:52", "end": "00:02:57", "text": "way very very quickly. But many people,"}, {"start": "00:02:55", "end": "00:02:59", "text": "maybe some of you guys here don't see"}, {"start": "00:02:57", "end": "00:03:01", "text": "the risks in the same way. Either you"}, {"start": "00:02:59", "end": "00:03:03", "text": "see all of the risks and then you don't"}, {"start": "00:03:01", "end": "00:03:04", "text": "participate in the upside like for"}, {"start": "00:03:03", "end": "00:03:06", "text": "example we've been doing with all the"}, {"start": "00:03:04", "end": "00:03:09", "text": "different stocks and you're concerned"}, {"start": "00:03:06", "end": "00:03:10", "text": "about the AI bubble this and that or or"}, {"start": "00:03:09", "end": "00:03:12", "text": "you're just super bullish and you don't"}, {"start": "00:03:10", "end": "00:03:15", "text": "see the downside risk. And the thing is"}, {"start": "00:03:12", "end": "00:03:16", "text": "you can have both thoughts in your brain"}, {"start": "00:03:15", "end": "00:03:18", "text": "at the same time. I mean believe it or"}, {"start": "00:03:16", "end": "00:03:21", "text": "not but the human brain can have more"}, {"start": "00:03:18", "end": "00:03:23", "text": "than one thought inside it at the same"}, {"start": "00:03:21", "end": "00:03:25", "text": "time. So you can both be bullish on the"}, {"start": "00:03:23", "end": "00:03:27", "text": "trend. You can be part of the stock"}, {"start": "00:03:25", "end": "00:03:29", "text": "market. You can ride the gains because"}, {"start": "00:03:27", "end": "00:03:30", "text": "the gains are massive. Whether it's"}, {"start": "00:03:29", "end": "00:03:32", "text": "Intel, whether it is Sundisk, I mean"}, {"start": "00:03:30", "end": "00:03:34", "text": "it's all kinds all kinds of different"}, {"start": "00:03:32", "end": "00:03:36", "text": "ones that have been doing very well. At"}, {"start": "00:03:34", "end": "00:03:38", "text": "the same time you really can see that"}, {"start": "00:03:36", "end": "00:03:40", "text": "this likely will not end well because we"}, {"start": "00:03:38", "end": "00:03:42", "text": "have parabola after parabola after"}, {"start": "00:03:40", "end": "00:03:43", "text": "parabola. I mean, you look at all these"}, {"start": "00:03:42", "end": "00:03:45", "text": "different stocks, they're parabolic. And"}, {"start": "00:03:43", "end": "00:03:47", "text": "you know, being in crypto since 2013, I"}, {"start": "00:03:45", "end": "00:03:51", "text": "know a thing or two about parabas. Just"}, {"start": "00:03:47", "end": "00:03:54", "text": "like just like we said, uh that gold"}, {"start": "00:03:51", "end": "00:03:56", "text": "gold bugs, the gold boomers are going to"}, {"start": "00:03:54", "end": "00:03:58", "text": "learn something about the parabola when"}, {"start": "00:03:56", "end": "00:04:00", "text": "gold was mooning and then it broke the"}, {"start": "00:03:58", "end": "00:04:03", "text": "parabola. Uh the same thing is going to"}, {"start": "00:04:00", "end": "00:04:04", "text": "happen now with the stock boomers. uh I"}, {"start": "00:04:03", "end": "00:04:07", "text": "mean at some point we will see the"}, {"start": "00:04:04", "end": "00:04:10", "text": "parabola break in many of this of these"}, {"start": "00:04:07", "end": "00:04:12", "text": "different uh stocks and and AI companies"}, {"start": "00:04:10", "end": "00:04:15", "text": "but we're not reacting now we're not"}, {"start": "00:04:12", "end": "00:04:16", "text": "positioning ourselves in some kind of"}, {"start": "00:04:15", "end": "00:04:18", "text": "riskoff position now because everything"}, {"start": "00:04:16", "end": "00:04:22", "text": "is bull trend but mentally you have to"}, {"start": "00:04:18", "end": "00:04:25", "text": "be prepared and so what needs to happen"}, {"start": "00:04:22", "end": "00:04:27", "text": "for crypto to come back likely another"}, {"start": "00:04:25", "end": "00:04:30", "text": "flash not as big flash as before but"}, {"start": "00:04:27", "end": "00:04:32", "text": "some kind of other flash maybe it is in"}, {"start": "00:04:30", "end": "00:04:34", "text": "relation to the AI bubble pop maybe I"}, {"start": "00:04:32", "end": "00:04:35", "text": "mean who the hell knows or a bubble"}, {"start": "00:04:34", "end": "00:04:37", "text": "continues for another you know two"}, {"start": "00:04:35", "end": "00:04:39", "text": "threex and then it pops you that's"}, {"start": "00:04:37", "end": "00:04:40", "text": "that's the thing with a bubble you never"}, {"start": "00:04:39", "end": "00:04:42", "text": "know you just have to ride it and you"}, {"start": "00:04:40", "end": "00:04:45", "text": "have to exit when it goes bearish that's"}, {"start": "00:04:42", "end": "00:04:47", "text": "it um so when you have such an"}, {"start": "00:04:45", "end": "00:04:50", "text": "overinvestment in and likely it is"}, {"start": "00:04:47", "end": "00:04:52", "text": "overinvestment there will be a some kind"}, {"start": "00:04:50", "end": "00:04:55", "text": "of push back some kind of some kind of"}, {"start": "00:04:52", "end": "00:04:57", "text": "reverse of the to the mean revert to the"}, {"start": "00:04:55", "end": "00:05:00", "text": "mean markets always revert to the mean"}, {"start": "00:04:57", "end": "00:05:02", "text": "and bitcoin and crypto is the logical"}, {"start": "00:05:00", "end": "00:05:05", "text": "next step for a lot of capital to go"}, {"start": "00:05:02", "end": "00:05:06", "text": "from AI into the next cycle into the"}, {"start": "00:05:05", "end": "00:05:09", "text": "next pump and that is likely to be"}, {"start": "00:05:06", "end": "00:05:10", "text": "crypto later this year because it's not"}, {"start": "00:05:09", "end": "00:05:12", "text": "like AI is just going to have money and"}, {"start": "00:05:10", "end": "00:05:14", "text": "more money and more capital and more"}, {"start": "00:05:12", "end": "00:05:16", "text": "investments and more pump forever. It"}, {"start": "00:05:14", "end": "00:05:18", "text": "always rotates. It always rotates. You"}, {"start": "00:05:16", "end": "00:05:20", "text": "have crypto then you have AI then from"}, {"start": "00:05:18", "end": "00:05:22", "text": "AI is something else likely crypto. You"}, {"start": "00:05:20", "end": "00:05:24", "text": "never have just one asset class continue"}, {"start": "00:05:22", "end": "00:05:27", "text": "to moon forever. So just keep it in mind"}, {"start": "00:05:24", "end": "00:05:30", "text": "as we progress through the summer uh"}, {"start": "00:05:27", "end": "00:05:32", "text": "many companies will have uh problems."}, {"start": "00:05:30", "end": "00:05:34", "text": "they already now have have problems."}, {"start": "00:05:32", "end": "00:05:37", "text": "When you look at the S&P, it's not a"}, {"start": "00:05:34", "end": "00:05:40", "text": "company index anymore. It's an AI index"}, {"start": "00:05:37", "end": "00:05:42", "text": "with 493 additional companies. I mean,"}, {"start": "00:05:40", "end": "00:05:46", "text": "most companies are struggling. If you"}, {"start": "00:05:42", "end": "00:05:48", "text": "remove AI from the equation, S&P 500 and"}, {"start": "00:05:46", "end": "00:05:50", "text": "NASDAQ, they're not doing well. With AI,"}, {"start": "00:05:48", "end": "00:05:52", "text": "they go alltime high after alltime high,"}, {"start": "00:05:50", "end": "00:05:54", "text": "but without AI, they're not doing well."}, {"start": "00:05:52", "end": "00:05:57", "text": "So if AI has any kind of problem, any"}, {"start": "00:05:54", "end": "00:05:59", "text": "kind of disappointment, any kind, even"}, {"start": "00:05:57", "end": "00:06:01", "text": "not disappointment, just that investors"}, {"start": "00:05:59", "end": "00:06:03", "text": "feel money is too overheated. Let me"}, {"start": "00:06:01", "end": "00:06:06", "text": "take a bit of profit. At some point, it"}, {"start": "00:06:03", "end": "00:06:09", "text": "also happens. Uh and AI goes down, S&P"}, {"start": "00:06:06", "end": "00:06:10", "text": "500 as a whole is going to tank as well."}, {"start": "00:06:09", "end": "00:06:11", "text": "And imagine what crypto is going to do."}, {"start": "00:06:10", "end": "00:06:14", "text": "Initially, crypto is going to dump like"}, {"start": "00:06:11", "end": "00:06:16", "text": "hell also. So that's why we need to be"}, {"start": "00:06:14", "end": "00:06:20", "text": "prepared for the next leg down in crypto"}, {"start": "00:06:16", "end": "00:06:21", "text": "connected to this uh AI unwind that"}, {"start": "00:06:20", "end": "00:06:22", "text": "likely is going to happen within the"}, {"start": "00:06:21", "end": "00:06:24", "text": "coming months. But again, we don't"}, {"start": "00:06:22", "end": "00:06:25", "text": "predict the time. We will react when we"}, {"start": "00:06:24", "end": "00:06:27", "text": "see it on the chart, but it's very"}, {"start": "00:06:25", "end": "00:06:32", "text": "likely. So, since the war started on"}, {"start": "00:06:27", "end": "00:06:36", "text": "February 20 uh 27th, the S&P is up 7.3%."}, {"start": "00:06:32", "end": "00:06:38", "text": "Remove AI stocks and the index is flat."}, {"start": "00:06:36", "end": "00:06:40", "text": "The entire 2026 rally belongs to a"}, {"start": "00:06:38", "end": "00:06:43", "text": "handful of companies. So, the way S&P"}, {"start": "00:06:40", "end": "00:06:45", "text": "works is that it is not equally"}, {"start": "00:06:43", "end": "00:06:47", "text": "weighted. So it has 500 companies but"}, {"start": "00:06:45", "end": "00:06:51", "text": "it's not like you know Microsoft or the"}, {"start": "00:06:47", "end": "00:06:55", "text": "big AI companies have just uh one uh"}, {"start": "00:06:51", "end": "00:06:57", "text": "500s each. No, it's weighted by market"}, {"start": "00:06:55", "end": "00:07:02", "text": "cap. So the bigger you are, the bigger"}, {"start": "00:06:57", "end": "00:07:04", "text": "is uh is the share of your stock in S&P."}, {"start": "00:07:02", "end": "00:07:06", "text": "So that's why it's heavily tilted"}, {"start": "00:07:04", "end": "00:07:08", "text": "towards AI companies. Friday showed"}, {"start": "00:07:06", "end": "00:07:10", "text": "exactly what that means on the downside."}, {"start": "00:07:08", "end": "00:07:13", "text": "The S&P 500 fell 2.6%, the biggest"}, {"start": "00:07:10", "end": "00:07:16", "text": "single day drop since October 2025. The"}, {"start": "00:07:13", "end": "00:07:19", "text": "S&P without AS stocks moved to 0.02%."}, {"start": "00:07:16", "end": "00:07:21", "text": "The 400 night companies that make up 60%"}, {"start": "00:07:19", "end": "00:07:24", "text": "of the index did nothing. The entire"}, {"start": "00:07:21", "end": "00:07:26", "text": "crash was AI stocks selling off. Now"}, {"start": "00:07:24", "end": "00:07:28", "text": "imagine this sell off continues for a"}, {"start": "00:07:26", "end": "00:07:31", "text": "week or two. Uh it's going to get crazy"}, {"start": "00:07:28", "end": "00:07:33", "text": "for for stock market for crypto. Crypto"}, {"start": "00:07:31", "end": "00:07:35", "text": "is also going to fall. That's why I'm"}, {"start": "00:07:33", "end": "00:07:38", "text": "saying be prepared for more downside. Uh"}, {"start": "00:07:35", "end": "00:07:40", "text": "but then as the next narrative forms, as"}, {"start": "00:07:38", "end": "00:07:42", "text": "the next narrative for capital forms for"}, {"start": "00:07:40", "end": "00:07:44", "text": "the coming year, that's where crypto is"}, {"start": "00:07:42", "end": "00:07:45", "text": "going to shine. The entire crash was a"}, {"start": "00:07:44", "end": "00:07:48", "text": "stock selling off. Yeah, we did mention"}, {"start": "00:07:45", "end": "00:07:51", "text": "that the previous record was 27% at the"}, {"start": "00:07:48", "end": "00:07:54", "text": "dotcom peak in 20 Oh, sorry. The the top"}, {"start": "00:07:51", "end": "00:07:57", "text": "10 stocks now are 41% of the S&P 500 and"}, {"start": "00:07:54", "end": "00:08:00", "text": "the previous record was 27% during the"}, {"start": "00:07:57", "end": "00:08:02", "text": "com. So, we're now more overheated or"}, {"start": "00:08:00", "end": "00:08:04", "text": "more concentrated than during. If you"}, {"start": "00:08:02", "end": "00:08:07", "text": "look at how the S&P index is"}, {"start": "00:08:04", "end": "00:08:11", "text": "constructed, you have top 10 stocks"}, {"start": "00:08:07", "end": "00:08:13", "text": "representing 41% of the entire S&P 500."}, {"start": "00:08:11", "end": "00:08:15", "text": "It's crazy. It's crazy. And a similar"}, {"start": "00:08:13", "end": "00:08:17", "text": "situation, but not that bad, was during"}, {"start": "00:08:15", "end": "00:08:20", "text": "the com peak. At the peak in 2000, the"}, {"start": "00:08:17", "end": "00:08:22", "text": "S&P fell uh 50% over the next two years,"}, {"start": "00:08:20", "end": "00:08:25", "text": "while the Dow Jones, which had less tech"}, {"start": "00:08:22", "end": "00:08:27", "text": "concentration, fell only 37%. And here"}, {"start": "00:08:25", "end": "00:08:29", "text": "is where you need to have two thoughts"}, {"start": "00:08:27", "end": "00:08:32", "text": "in your brain at the same time. Could it"}, {"start": "00:08:29", "end": "00:08:33", "text": "be like with all of this AI? I I think"}, {"start": "00:08:32", "end": "00:08:35", "text": "it could happen. I mean, absolutely. Why"}, {"start": "00:08:33", "end": "00:08:38", "text": "not? Why not? I mean, AI is great, but"}, {"start": "00:08:35", "end": "00:08:40", "text": "uh it's not really replacing the uh"}, {"start": "00:08:38", "end": "00:08:41", "text": "people in the way that was expected. I"}, {"start": "00:08:40", "end": "00:08:44", "text": "mean, it's still replacing people."}, {"start": "00:08:41", "end": "00:08:46", "text": "People and the AI is used as an excuse"}, {"start": "00:08:44", "end": "00:08:49", "text": "to fire people all the time. But at the"}, {"start": "00:08:46", "end": "00:08:51", "text": "same time, it's not like the the amount"}, {"start": "00:08:49", "end": "00:08:52", "text": "of capital invested. You always have to"}, {"start": "00:08:51", "end": "00:08:54", "text": "compare the to the amount of capital"}, {"start": "00:08:52", "end": "00:08:55", "text": "invested. All of these hundreds of"}, {"start": "00:08:54", "end": "00:08:57", "text": "billions, all of these trillions"}, {"start": "00:08:55", "end": "00:08:59", "text": "valuations, what kind of return does the"}, {"start": "00:08:57", "end": "00:09:01", "text": "economy get in GDP? I don't think"}, {"start": "00:08:59", "end": "00:09:03", "text": "there's a clear answer to that. I don't"}, {"start": "00:09:01", "end": "00:09:06", "text": "think there is a clear uh answer that AI"}, {"start": "00:09:03", "end": "00:09:08", "text": "boosts GDP by any meaningful amount."}, {"start": "00:09:06", "end": "00:09:09", "text": "Yes, it allows companies to be more"}, {"start": "00:09:08", "end": "00:09:11", "text": "efficient. Yes, it allows you to fire a"}, {"start": "00:09:09", "end": "00:09:13", "text": "few guys. H but the question is how many"}, {"start": "00:09:11", "end": "00:09:15", "text": "guys are fired because of AI and how"}, {"start": "00:09:13", "end": "00:09:16", "text": "many are fired because AI is an excuse"}, {"start": "00:09:15", "end": "00:09:20", "text": "and the CEO just says listen, you're"}, {"start": "00:09:16", "end": "00:09:23", "text": "fired, but don't blame me. It was AI,"}, {"start": "00:09:20", "end": "00:09:26", "text": "man. It was AI. I I I don't even want to"}, {"start": "00:09:23", "end": "00:09:29", "text": "fire you. It was AI."}, {"start": "00:09:26", "end": "00:09:32", "text": "Damn AI. AI fired you. Okay, AI is an"}, {"start": "00:09:29", "end": "00:09:34", "text": "excuse also to fire. So while AI is"}, {"start": "00:09:32", "end": "00:09:37", "text": "replacing jobs, it's making people more"}, {"start": "00:09:34", "end": "00:09:39", "text": "efficient, companies more efficient, the"}, {"start": "00:09:37", "end": "00:09:41", "text": "question is what is that efficiency in"}, {"start": "00:09:39", "end": "00:09:43", "text": "comparison"}, {"start": "00:09:41", "end": "00:09:44", "text": "to the investments and to the"}, {"start": "00:09:43", "end": "00:09:46", "text": "valuations? That's the biggest question"}, {"start": "00:09:44", "end": "00:09:48", "text": "because of course AI is useful. AI is"}, {"start": "00:09:46", "end": "00:09:50", "text": "useful. You can run operation with way"}, {"start": "00:09:48", "end": "00:09:52", "text": "fewer people. But in in comparison to"}, {"start": "00:09:50", "end": "00:09:54", "text": "the investments that that's the big"}, {"start": "00:09:52", "end": "00:09:57", "text": "question and also the cost of AI is not"}, {"start": "00:09:54", "end": "00:10:00", "text": "low. It's not low. It's it's expensive."}, {"start": "00:09:57", "end": "00:10:02", "text": "Microsoft banned their coders from using"}, {"start": "00:10:00", "end": "00:10:04", "text": "AI because it was too expensive. Like"}, {"start": "00:10:02", "end": "00:10:08", "text": "the tokens were too expensive. Let me"}, {"start": "00:10:04", "end": "00:10:10", "text": "actually see uh what the news was. Uh"}, {"start": "00:10:08", "end": "00:10:13", "text": "when you look at the develop Exactly. So"}, {"start": "00:10:10", "end": "00:10:16", "text": "developers uh that used cloud code at"}, {"start": "00:10:13", "end": "00:10:17", "text": "Microsoft can no longer use it. Look"}, {"start": "00:10:16", "end": "00:10:19", "text": "here. Look here. Look here. Look here."}, {"start": "00:10:17", "end": "00:10:22", "text": "This this from LinkedIn. Microsoft just"}, {"start": "00:10:19", "end": "00:10:23", "text": "banned cloud code for 100,000 engineers."}, {"start": "00:10:22", "end": "00:10:25", "text": "It was too expensive, man. It was too"}, {"start": "00:10:23", "end": "00:10:26", "text": "expensive. They gave engineers cloud"}, {"start": "00:10:25", "end": "00:10:29", "text": "code. They went nuts. They spent a bunch"}, {"start": "00:10:26", "end": "00:10:31", "text": "of tokens. Turns out it would be cheaper"}, {"start": "00:10:29", "end": "00:10:33", "text": "to hire, you know, someone from India to"}, {"start": "00:10:31", "end": "00:10:34", "text": "do the clicking of the button. Click"}, {"start": "00:10:33", "end": "00:10:36", "text": "click click click click click. You can"}, {"start": "00:10:34", "end": "00:10:39", "text": "you can you can do it with uh all kinds"}, {"start": "00:10:36", "end": "00:10:42", "text": "of cheaper labor than AI. So that it's"}, {"start": "00:10:39", "end": "00:10:45", "text": "it's a big big question. How much u are"}, {"start": "00:10:42", "end": "00:10:49", "text": "all these valuations um overblown over"}, {"start": "00:10:45", "end": "00:10:51", "text": "extended and um how much is the S&P"}, {"start": "00:10:49", "end": "00:10:53", "text": "gonna retrace once we will have fair"}, {"start": "00:10:51", "end": "00:10:54", "text": "pricing? Because AI is great. It's not"}, {"start": "00:10:53", "end": "00:10:55", "text": "going to go anywhere. But where is the"}, {"start": "00:10:54", "end": "00:10:57", "text": "fair pricing? We need to figure that"}, {"start": "00:10:55", "end": "00:10:59", "text": "out. Maybe it is the fair pricing. We"}, {"start": "00:10:57", "end": "00:11:01", "text": "just continue mooning. That's again, we"}, {"start": "00:10:59", "end": "00:11:02", "text": "don't really speculate on all of this."}, {"start": "00:11:01", "end": "00:11:04", "text": "We just look at the trend. But some"}, {"start": "00:11:02", "end": "00:11:06", "text": "things to keep in mind. When you buy an"}, {"start": "00:11:04", "end": "00:11:07", "text": "S&P index fund today, you're not buying"}, {"start": "00:11:06", "end": "00:11:09", "text": "500 companies. You're placing a"}, {"start": "00:11:07", "end": "00:11:12", "text": "concentrated bet on AI whether you know"}, {"start": "00:11:09", "end": "00:11:15", "text": "it or not 100%. So guys, to summarize"}, {"start": "00:11:12", "end": "00:11:18", "text": "what we what did we discuss? Uh Bitcoin"}, {"start": "00:11:15", "end": "00:11:21", "text": "and and stocks are super correlated in"}, {"start": "00:11:18", "end": "00:11:22", "text": "case of a draw down. When stocks pump,"}, {"start": "00:11:21", "end": "00:11:25", "text": "Bitcoin doesn't pump. But when stocks"}, {"start": "00:11:22", "end": "00:11:27", "text": "dump, Bitcoin does dump. So should"}, {"start": "00:11:25", "end": "00:11:29", "text": "stocks have some kind of meaningful uh"}, {"start": "00:11:27", "end": "00:11:32", "text": "correction, let's say back to this uh"}, {"start": "00:11:29", "end": "00:11:34", "text": "flip level or something like that. Uh"}, {"start": "00:11:32", "end": "00:11:36", "text": "Bitcoin is going to suffer. But I think"}, {"start": "00:11:34", "end": "00:11:39", "text": "it likely is the last uh pullback for"}, {"start": "00:11:36", "end": "00:11:42", "text": "Bitcoin likely to the 40s likely here"}, {"start": "00:11:39", "end": "00:11:44", "text": "towards the you know 45K 40K before"}, {"start": "00:11:42", "end": "00:11:48", "text": "Bitcoin actually captures the initiative"}, {"start": "00:11:44", "end": "00:11:50", "text": "and starts leading the the bulls. They"}, {"start": "00:11:48", "end": "00:11:52", "text": "starts leading as being the asset that"}, {"start": "00:11:50", "end": "00:11:54", "text": "actually is leading. It's outperforming"}, {"start": "00:11:52", "end": "00:11:56", "text": "outperforming NASDAQ, outperforming S&P,"}, {"start": "00:11:54", "end": "00:12:01", "text": "outperforming everything. And all of"}, {"start": "00:11:56", "end": "00:12:03", "text": "this is shaping up to be in Q4. All is"}, {"start": "00:12:01", "end": "00:12:04", "text": "shaping up to be in Q4 that we have"}, {"start": "00:12:03", "end": "00:12:07", "text": "until Q4, we have some kind of further"}, {"start": "00:12:04", "end": "00:12:09", "text": "flash. Maybe this thing pops with all of"}, {"start": "00:12:07", "end": "00:12:10", "text": "these IPOs. And then the question is,"}, {"start": "00:12:09", "end": "00:12:13", "text": "what's next, guys? What's next? We need"}, {"start": "00:12:10", "end": "00:12:17", "text": "to put capital somewhere. Let's dust off"}, {"start": "00:12:13", "end": "00:12:20", "text": "dust off Bitcoin. Let's pull it back"}, {"start": "00:12:17", "end": "00:12:22", "text": "into the front. Let's get the media to"}, {"start": "00:12:20", "end": "00:12:24", "text": "speak about Bitcoin because now"}, {"start": "00:12:22", "end": "00:12:26", "text": "investors are excited again. They're"}, {"start": "00:12:24", "end": "00:12:27", "text": "excited because they can buy cheap."}, {"start": "00:12:26", "end": "00:12:29", "text": "Bitcoin is very cheap in this bison is"}, {"start": "00:12:27", "end": "00:12:31", "text": "very cheap. Also, it's a fresh"}, {"start": "00:12:29", "end": "00:12:34", "text": "narrative. I mean, listen, you turn on"}, {"start": "00:12:31", "end": "00:12:36", "text": "the TV, you hear about AI, AI, AI, AI."}, {"start": "00:12:34", "end": "00:12:38", "text": "At the end, you get burned out. You get"}, {"start": "00:12:36", "end": "00:12:40", "text": "this investor burnout. Okay, AI, we're"}, {"start": "00:12:38", "end": "00:12:43", "text": "buying AI again, AI again. It's pumping"}, {"start": "00:12:40", "end": "00:12:45", "text": "so much. You're not new. You're not"}, {"start": "00:12:43", "end": "00:12:47", "text": "early. You're not early. But now,"}, {"start": "00:12:45", "end": "00:12:49", "text": "imagine if crypto now this start"}, {"start": "00:12:47", "end": "00:12:50", "text": "speaking about crypto. A lot of a lot of"}, {"start": "00:12:49", "end": "00:12:53", "text": "investors managing big capital are going"}, {"start": "00:12:50", "end": "00:12:56", "text": "to be holy crap now I can be early we"}, {"start": "00:12:53", "end": "00:12:57", "text": "can be early let's run crypto back and"}, {"start": "00:12:56", "end": "00:13:00", "text": "sometimes it's just that you need"}, {"start": "00:12:57", "end": "00:13:02", "text": "something else to run back I mean as you"}, {"start": "00:13:00", "end": "00:13:04", "text": "have the financial machine the financial"}, {"start": "00:13:02", "end": "00:13:07", "text": "industrial complex as some people call"}, {"start": "00:13:04", "end": "00:13:09", "text": "it working they need to have narrative"}, {"start": "00:13:07", "end": "00:13:11", "text": "after narrative and sometimes know let's"}, {"start": "00:13:09", "end": "00:13:13", "text": "let's now push crypto let's get"}, {"start": "00:13:11", "end": "00:13:15", "text": "Bloomberg Andrews working what his name"}, {"start": "00:13:13", "end": "00:13:17", "text": "is let's speak about crypto again don't"}, {"start": "00:13:15", "end": "00:13:20", "text": "speak about AI so AI is a bubble popped"}, {"start": "00:13:17", "end": "00:13:22", "text": "The bubble popped. Get now into crypto."}, {"start": "00:13:20", "end": "00:13:25", "text": "We got r into AI. We took profit. Pop"}, {"start": "00:13:22", "end": "00:13:30", "text": "this bubble. Pop it. Pop. Good. Now"}, {"start": "00:13:25", "end": "00:13:32", "text": "crypto. Ariskin. Speak about crypto."}, {"start": "00:13:30", "end": "00:13:33", "text": "CNBC. Let's speak about crypto. Clarity"}, {"start": "00:13:32", "end": "00:13:34", "text": "act. Pass this. Pass. Clarity act."}, {"start": "00:13:33", "end": "00:13:36", "text": "What's happening? See, they're not"}, {"start": "00:13:34", "end": "00:13:38", "text": "passing clarity act. They're not passing"}, {"start": "00:13:36", "end": "00:13:40", "text": "it. They're they're waiting. They're"}, {"start": "00:13:38", "end": "00:13:42", "text": "waiting. Maybe they want to have a nice"}, {"start": "00:13:40", "end": "00:13:45", "text": "narrative in Q4 that this thing finally"}, {"start": "00:13:42", "end": "00:13:46", "text": "gets passed. So we we have even this"}, {"start": "00:13:45", "end": "00:13:48", "text": "regulatory news coming. They're not"}, {"start": "00:13:46", "end": "00:13:50", "text": "passing it now. Why they're not passing?"}, {"start": "00:13:48", "end": "00:13:51", "text": "They're waiting. They're waiting."}, {"start": "00:13:50", "end": "00:13:54", "text": "They're letting crypto bleed. They're"}, {"start": "00:13:51", "end": "00:13:55", "text": "letting the crypto go down even more to"}, {"start": "00:13:54", "end": "00:13:57", "text": "become cheaper. They're not finished"}, {"start": "00:13:55", "end": "00:13:59", "text": "with the AI bubble yet. It's too early"}, {"start": "00:13:57", "end": "00:14:01", "text": "for them. They cannot rotate the money"}, {"start": "00:13:59", "end": "00:14:03", "text": "this fast. They're still in the AI. So,"}, {"start": "00:14:01", "end": "00:14:05", "text": "they're delaying. They're delaying the"}, {"start": "00:14:03", "end": "00:14:08", "text": "clarity act. Uh once they're finished"}, {"start": "00:14:05", "end": "00:14:10", "text": "with a bubble, they're going to rotate"}, {"start": "00:14:08", "end": "00:14:11", "text": "to crypto. There's going to be clarity."}, {"start": "00:14:10", "end": "00:14:12", "text": "There's going to be everything. There"}, {"start": "00:14:11", "end": "00:14:14", "text": "going to be everything. Everything."}, {"start": "00:14:12", "end": "00:14:15", "text": "Black does does a few calls. Hey,"}, {"start": "00:14:14", "end": "00:14:17", "text": "approve it. Approve it. No, no. We we"}, {"start": "00:14:15", "end": "00:14:18", "text": "we're ready to rotate. It's classic,"}, {"start": "00:14:17", "end": "00:14:21", "text": "guys. It's classic. It's classic. It's"}, {"start": "00:14:18", "end": "00:14:23", "text": "classic. So, don't get surprised if if"}, {"start": "00:14:21", "end": "00:14:25", "text": "if we do see the crazy bulls come into"}, {"start": "00:14:23", "end": "00:14:27", "text": "crypto when you least expect it because"}, {"start": "00:14:25", "end": "00:14:29", "text": "that's the whole idea. It's going to be"}, {"start": "00:14:27", "end": "00:14:31", "text": "when you least expect it, but we expect"}, {"start": "00:14:29", "end": "00:14:32", "text": "it. I we expect it towards the Q4. So,"}, {"start": "00:14:31", "end": "00:14:35", "text": "let's keep an eye on on that. Also,"}, {"start": "00:14:32", "end": "00:14:37", "text": "guys, look here. You don't want to be"}, {"start": "00:14:35", "end": "00:14:39", "text": "the lagard. The lagard who is one cycle"}, {"start": "00:14:37", "end": "00:14:42", "text": "behind. Look here. Non-zero chance."}, {"start": "00:14:39", "end": "00:14:43", "text": "Everyone was in altcoins uh excluding"}, {"start": "00:14:42", "end": "00:14:46", "text": "Solana and memes. Everyone who was in"}, {"start": "00:14:43", "end": "00:14:48", "text": "altcoins that wasn't in Solana or memes"}, {"start": "00:14:46", "end": "00:14:50", "text": "got destroyed. Okay, your blue chip ada"}, {"start": "00:14:48", "end": "00:14:51", "text": "whatever you're speaking about your and"}, {"start": "00:14:50", "end": "00:14:55", "text": "the interesting thing is that all"}, {"start": "00:14:51", "end": "00:14:57", "text": "altcoin investors they think that they"}, {"start": "00:14:55", "end": "00:14:59", "text": "know something that other plebas don't"}, {"start": "00:14:57", "end": "00:15:01", "text": "know for example other holders they"}, {"start": "00:14:59", "end": "00:15:02", "text": "think literally that they're smarter"}, {"start": "00:15:01", "end": "00:15:06", "text": "than everyone else because they have the"}, {"start": "00:15:02", "end": "00:15:08", "text": "UTXO model. They have what other fogi"}, {"start": "00:15:06", "end": "00:15:10", "text": "they have peer-reviewed papers."}, {"start": "00:15:08", "end": "00:15:12", "text": "Peer-reviewed papers. You know the song"}, {"start": "00:15:10", "end": "00:15:14", "text": "peer-reviewed papers that Ada has been"}, {"start": "00:15:12", "end": "00:15:16", "text": "doing. So they they they think they are"}, {"start": "00:15:14", "end": "00:15:18", "text": "above everyone. The same thing you ask"}, {"start": "00:15:16", "end": "00:15:19", "text": "any other L1. They also think they're"}, {"start": "00:15:18", "end": "00:15:22", "text": "above everyone. So all them got"}, {"start": "00:15:19", "end": "00:15:24", "text": "destroyed outside of Sana. Sana did very"}, {"start": "00:15:22", "end": "00:15:27", "text": "well. The Dentons, the trenchers with"}, {"start": "00:15:24", "end": "00:15:29", "text": "memes did very well. Everyone else fully"}, {"start": "00:15:27", "end": "00:15:31", "text": "destroyed. Maybe you love avalanche. You"}, {"start": "00:15:29", "end": "00:15:34", "text": "love the subnets. Fully destroyed. Fully"}, {"start": "00:15:31", "end": "00:15:36", "text": "destroyed. So what will happen now? New"}, {"start": "00:15:34", "end": "00:15:38", "text": "class of people are going to be thinking"}, {"start": "00:15:36", "end": "00:15:40", "text": "this cycle that they learned their"}, {"start": "00:15:38", "end": "00:15:43", "text": "lessons and they only going to be in"}, {"start": "00:15:40", "end": "00:15:44", "text": "Bitcoin from now on. Okay, many people"}, {"start": "00:15:43", "end": "00:15:46", "text": "are going to be like this. They're going"}, {"start": "00:15:44", "end": "00:15:48", "text": "to be no alts this cycle. No alts, just"}, {"start": "00:15:46", "end": "00:15:51", "text": "Bitcoin. And what happens? Bitcoin puts"}, {"start": "00:15:48", "end": "00:15:55", "text": "in maybe 1.5 to 2x. Okay, maybe it goes"}, {"start": "00:15:51", "end": "00:15:58", "text": "back to 120 150 and alts go absolutely"}, {"start": "00:15:55", "end": "00:16:00", "text": "ballistic. Ballistic. This is classic"}, {"start": "00:15:58", "end": "00:16:03", "text": "crypto. This is classic crypto because"}, {"start": "00:16:00", "end": "00:16:04", "text": "you always leave the laggers behind."}, {"start": "00:16:03", "end": "00:16:06", "text": "We've been speaking about this several"}, {"start": "00:16:04", "end": "00:16:10", "text": "times on this channel. People that were"}, {"start": "00:16:06", "end": "00:16:13", "text": "against ETH in 2016 when it was new"}, {"start": "00:16:10", "end": "00:16:14", "text": "2016, 2017. They became pro- ETH. They"}, {"start": "00:16:13", "end": "00:16:15", "text": "learned their lesson. They thought,"}, {"start": "00:16:14", "end": "00:16:17", "text": "\"Okay, I was against ETH in the"}, {"start": "00:16:15", "end": "00:16:20", "text": "beginning. I was a Bitcoin max. Now I'm"}, {"start": "00:16:17", "end": "00:16:22", "text": "pro ETH.\" But then Sana came. Then Sana"}, {"start": "00:16:20", "end": "00:16:24", "text": "came and man, ETH doesn't do anything."}, {"start": "00:16:22", "end": "00:16:25", "text": "E, come on. Go, go, do something. You"}, {"start": "00:16:24", "end": "00:16:28", "text": "know, you poke it with the stick, it"}, {"start": "00:16:25", "end": "00:16:30", "text": "doesn't do anything. Solana goes"}, {"start": "00:16:28", "end": "00:16:33", "text": "ballistic. Solana goes ballistic. Uh"}, {"start": "00:16:30", "end": "00:16:35", "text": "next people in who who are in Solana for"}, {"start": "00:16:33", "end": "00:16:38", "text": "example now many people are going to be"}, {"start": "00:16:35", "end": "00:16:39", "text": "rotating to Sana or memes. Not a"}, {"start": "00:16:38", "end": "00:16:42", "text": "guarantee that it's going to be the best"}, {"start": "00:16:39", "end": "00:16:44", "text": "performer because it's it's the lagards."}, {"start": "00:16:42", "end": "00:16:47", "text": "It's the it's the last cycles playbook."}, {"start": "00:16:44", "end": "00:16:48", "text": "It's the last cycle playbook. Uh so"}, {"start": "00:16:47", "end": "00:16:51", "text": "maybe it is other guys. I mean who the"}, {"start": "00:16:48", "end": "00:16:53", "text": "hell knows? Maybe it is other. We need"}, {"start": "00:16:51", "end": "00:16:56", "text": "to see the trend. But it's always like"}, {"start": "00:16:53", "end": "00:16:57", "text": "that. Everyone is learning the lesson"}, {"start": "00:16:56", "end": "00:16:59", "text": "and then next cycle there does something"}, {"start": "00:16:57", "end": "00:17:02", "text": "different. If I'm to guess, if I'm to"}, {"start": "00:16:59", "end": "00:17:04", "text": "guess, we will have uh either the"}, {"start": "00:17:02", "end": "00:17:05", "text": "privacy solutions or some kind of new"}, {"start": "00:17:04", "end": "00:17:06", "text": "narrative. You always have to be open"}, {"start": "00:17:05", "end": "00:17:08", "text": "for new narratives. Like for example,"}, {"start": "00:17:06", "end": "00:17:10", "text": "with memes, no one knew that memes were"}, {"start": "00:17:08", "end": "00:17:12", "text": "going to be big uh before the bull"}, {"start": "00:17:10", "end": "00:17:14", "text": "market started. So just be open-minded."}, {"start": "00:17:12", "end": "00:17:16", "text": "Look at the trends. What is a bull"}, {"start": "00:17:14", "end": "00:17:17", "text": "trend? And privacy solutions could be"}, {"start": "00:17:16", "end": "00:17:19", "text": "interesting because it's a nice"}, {"start": "00:17:17", "end": "00:17:21", "text": "narrative for crypto. We need to take"}, {"start": "00:17:19", "end": "00:17:23", "text": "crypto back to cyher punk, not cyber"}, {"start": "00:17:21", "end": "00:17:25", "text": "punk, but cyber punk. We need to take it"}, {"start": "00:17:23", "end": "00:17:26", "text": "to the cypher punk ideals. I really love"}, {"start": "00:17:25", "end": "00:17:27", "text": "that. Now whether it's Zcash, whether"}, {"start": "00:17:26", "end": "00:17:30", "text": "it's Monero, whether it's something"}, {"start": "00:17:27", "end": "00:17:32", "text": "else, but I think as an industry, we are"}, {"start": "00:17:30", "end": "00:17:34", "text": "ready now to push privacy. We weren't"}, {"start": "00:17:32", "end": "00:17:37", "text": "ready just two years ago, three years"}, {"start": "00:17:34", "end": "00:17:39", "text": "ago, because we did not have the"}, {"start": "00:17:37", "end": "00:17:42", "text": "governmental support that crypto has"}, {"start": "00:17:39", "end": "00:17:43", "text": "right now. So we just needed to have"}, {"start": "00:17:42", "end": "00:17:46", "text": "Bitcoin and ETH and Salan like all these"}, {"start": "00:17:43", "end": "00:17:49", "text": "big projects to be not securities and be"}, {"start": "00:17:46", "end": "00:17:50", "text": "accepted by the regulators. Now they are"}, {"start": "00:17:49", "end": "00:17:52", "text": "accepted by the regulators. So now we"}, {"start": "00:17:50", "end": "00:17:54", "text": "can take the next step. The next step,"}, {"start": "00:17:52", "end": "00:17:56", "text": "they accepted our big stuff. Okay, let's"}, {"start": "00:17:54", "end": "00:17:58", "text": "now push privacy because pushing privacy"}, {"start": "00:17:56", "end": "00:17:59", "text": "five years ago, it would be too crazy,"}, {"start": "00:17:58", "end": "00:18:02", "text": "man. I mean, people people think that"}, {"start": "00:17:59", "end": "00:18:04", "text": "Bitcoin is shady. Now you you push Zcash"}, {"start": "00:18:02", "end": "00:18:06", "text": "or Monero, it's it's too crazy, man."}, {"start": "00:18:04", "end": "00:18:08", "text": "It's too crazy. Now that Black Rockck is"}, {"start": "00:18:06", "end": "00:18:09", "text": "in Bitcoin, Bitcoin now is like S&P, you"}, {"start": "00:18:08", "end": "00:18:11", "text": "know? You know, no one no one debates"}, {"start": "00:18:09", "end": "00:18:14", "text": "Bitcoin. Bitcoin is like S&P, fully"}, {"start": "00:18:11", "end": "00:18:16", "text": "legit, fully clean. Everyone loves"}, {"start": "00:18:14", "end": "00:18:18", "text": "Bitcoin. The same is with ETH and like"}, {"start": "00:18:16", "end": "00:18:20", "text": "the the big caps and all that. Okay, now"}, {"start": "00:18:18", "end": "00:18:23", "text": "let's let's push it a bit further. Let's"}, {"start": "00:18:20", "end": "00:18:25", "text": "push this this corridor or how you say"}, {"start": "00:18:23", "end": "00:18:27", "text": "overtone corridor or overtone window."}, {"start": "00:18:25", "end": "00:18:30", "text": "Let's push the overtone window even"}, {"start": "00:18:27", "end": "00:18:33", "text": "wider. Can we p push privacy? Why"}, {"start": "00:18:30", "end": "00:18:34", "text": "shouldn't citizen have private money was"}, {"start": "00:18:33", "end": "00:18:38", "text": "a problem? Let's let's have those"}, {"start": "00:18:34", "end": "00:18:39", "text": "debates. So just ideologically I love"}, {"start": "00:18:38", "end": "00:18:42", "text": "that uh push that is happening in"}, {"start": "00:18:39", "end": "00:18:45", "text": "crypto. And we also have now a window of"}, {"start": "00:18:42", "end": "00:18:47", "text": "opportunity in the US where the"}, {"start": "00:18:45", "end": "00:18:50", "text": "administration is pro crypto. Maybe"}, {"start": "00:18:47", "end": "00:18:53", "text": "potentially we have some political power"}, {"start": "00:18:50", "end": "00:18:55", "text": "to still push the privacy on a political"}, {"start": "00:18:53", "end": "00:18:56", "text": "level also. I mean, wouldn't it be nice"}, {"start": "00:18:55", "end": "00:18:58", "text": "if they did some kind of bill where they"}, {"start": "00:18:56", "end": "00:19:00", "text": "said, \"Listen, Zcash, we love Zcash."}, {"start": "00:18:58", "end": "00:19:03", "text": "It's okay. It's okay. If you use Zcash,"}, {"start": "00:19:00", "end": "00:19:05", "text": "good, good for you. Good for you.\" And"}, {"start": "00:19:03", "end": "00:19:08", "text": "so, the world is now ready for privacy."}, {"start": "00:19:05", "end": "00:19:10", "text": "So, for that reason, I would be amazed"}, {"start": "00:19:08", "end": "00:19:12", "text": "if privacy continued to to do well. It"}, {"start": "00:19:10", "end": "00:19:13", "text": "would be so good for crypto. We because"}, {"start": "00:19:12", "end": "00:19:15", "text": "we also need to decouple from Sailor and"}, {"start": "00:19:13", "end": "00:19:17", "text": "all this Wall Street stuff. We need to"}, {"start": "00:19:15", "end": "00:19:20", "text": "have something that's like pro crypto"}, {"start": "00:19:17", "end": "00:19:21", "text": "and man secret money is fantastic. It's"}, {"start": "00:19:20", "end": "00:19:22", "text": "fantastic. Let's see if that's going to"}, {"start": "00:19:21", "end": "00:19:24", "text": "if that's going to be one of the"}, {"start": "00:19:22", "end": "00:19:26", "text": "narratives and uh everything else"}, {"start": "00:19:24", "end": "00:19:28", "text": "whether it's ADA like we we will have to"}, {"start": "00:19:26", "end": "00:19:30", "text": "see what trends. We'll have to see the"}, {"start": "00:19:28", "end": "00:19:32", "text": "trends. ADA now has one of the worst"}, {"start": "00:19:30", "end": "00:19:34", "text": "charts. I wouldn't touch it with a 100"}, {"start": "00:19:32", "end": "00:19:37", "text": "meter pole now. It needs to go to bull"}, {"start": "00:19:34", "end": "00:19:39", "text": "trend. ADA has a very bad chart. Stay"}, {"start": "00:19:37", "end": "00:19:41", "text": "away from it uh until it goes bull."}, {"start": "00:19:39", "end": "00:19:43", "text": "People are saying but I is so cheap now."}, {"start": "00:19:41", "end": "00:19:45", "text": "Should shouldn't you buy when ship it"}, {"start": "00:19:43", "end": "00:19:46", "text": "can still go to lower can still go to"}, {"start": "00:19:45", "end": "00:19:49", "text": "look at Avalanche it just goes slow look"}, {"start": "00:19:46", "end": "00:19:52", "text": "at polka dot they just go lower my my"}, {"start": "00:19:49", "end": "00:19:53", "text": "goal is not to buy it at the very bottom"}, {"start": "00:19:52", "end": "00:19:55", "text": "my my goal is to buy it and it goes up a"}, {"start": "00:19:53", "end": "00:19:56", "text": "lot instantly without me bleeding okay I"}, {"start": "00:19:55", "end": "00:19:58", "text": "don't want to bleed I don't want to"}, {"start": "00:19:56", "end": "00:20:00", "text": "waste capital on some bleeding thing"}, {"start": "00:19:58", "end": "00:20:03", "text": "hoping I'm never hoping I'm never"}, {"start": "00:20:00", "end": "00:20:05", "text": "praying for some altcoin to to return or"}, {"start": "00:20:03", "end": "00:20:07", "text": "whatever if it goes bull then the"}, {"start": "00:20:05", "end": "00:20:08", "text": "chances high that it just continues okay"}, {"start": "00:20:07", "end": "00:20:12", "text": "so that that's when it's the signal for"}, {"start": "00:20:08", "end": "00:20:15", "text": "us now the signal is uh is to stay away."}, {"start": "00:20:12", "end": "00:20:17", "text": "Uh and also there's now investigations"}, {"start": "00:20:15", "end": "00:20:18", "text": "on Twitter. People are looking into"}, {"start": "00:20:17", "end": "00:20:21", "text": "Charles what the hell he did with the"}, {"start": "00:20:18", "end": "00:20:25", "text": "money because there are many questions."}, {"start": "00:20:21", "end": "00:20:30", "text": "So a May 2025 tweet claims Charles sold"}, {"start": "00:20:25", "end": "00:20:33", "text": "1.5 billion ADA in the 2021 hype cycle"}, {"start": "00:20:30", "end": "00:20:37", "text": "plus send 200 million to the polka dot"}, {"start": "00:20:33", "end": "00:20:39", "text": "guy Gavin Wood rather than take its"}, {"start": "00:20:37", "end": "00:20:40", "text": "word. I checked uh I want to check the"}, {"start": "00:20:39", "end": "00:20:42", "text": "chain and he's been tracing and tracing"}, {"start": "00:20:40", "end": "00:20:45", "text": "and tracing and tracing. There's another"}, {"start": "00:20:42", "end": "00:20:47", "text": "guy doing research this Thomas Brazil."}, {"start": "00:20:45", "end": "00:20:49", "text": "Follow him on on Twitter because he is"}, {"start": "00:20:47", "end": "00:20:51", "text": "he's digging into Charles underwear."}, {"start": "00:20:49", "end": "00:20:53", "text": "Dirty underwear is coming out like never"}, {"start": "00:20:51", "end": "00:20:55", "text": "before. I've spent months sorry I've"}, {"start": "00:20:53", "end": "00:20:57", "text": "spent most morning guys. I mean also"}, {"start": "00:20:55", "end": "00:21:00", "text": "maybe I'm dyslexic."}, {"start": "00:20:57", "end": "00:21:03", "text": "I've spent not months, I've spent most"}, {"start": "00:21:00", "end": "00:21:05", "text": "of yesterday collecting the original"}, {"start": "00:21:03", "end": "00:21:08", "text": "aisle of man filings relating to the"}, {"start": "00:21:05", "end": "00:21:10", "text": "earliest Cardano Foundation"}, {"start": "00:21:08", "end": "00:21:12", "text": "trying to be as charitable and document"}, {"start": "00:21:10", "end": "00:21:15", "text": "driven as possible. So this guy, he's"}, {"start": "00:21:12", "end": "00:21:17", "text": "smart. He's going after Charles dirty"}, {"start": "00:21:15", "end": "00:21:21", "text": "dirty underwear, but he's saying, \"Guys,"}, {"start": "00:21:17", "end": "00:21:24", "text": "guys, I'm not accusing. I am just asking"}, {"start": "00:21:21", "end": "00:21:26", "text": "questions. I'm not accusing. I am"}, {"start": "00:21:24", "end": "00:21:28", "text": "charitable and document driven. I'm not"}, {"start": "00:21:26", "end": "00:21:30", "text": "accusing.\" He I love it. I love it. You"}, {"start": "00:21:28", "end": "00:21:34", "text": "need to be like this. So all of the all"}, {"start": "00:21:30", "end": "00:21:36", "text": "of the Cardano fans relax. They relax a"}, {"start": "00:21:34", "end": "00:21:37", "text": "bit. And this guy is just asking, \"Hey"}, {"start": "00:21:36", "end": "00:21:39", "text": "guys, let's check it. Let's check it."}, {"start": "00:21:37", "end": "00:21:41", "text": "We're not accusing. We're not accusing,"}, {"start": "00:21:39", "end": "00:21:43", "text": "but we have to check.\" So trying to be"}, {"start": "00:21:41", "end": "00:21:45", "text": "as charitable and document driven as"}, {"start": "00:21:43", "end": "00:21:46", "text": "possible. The records appear to show"}, {"start": "00:21:45", "end": "00:21:48", "text": "that the original man foundation"}, {"start": "00:21:46", "end": "00:21:51", "text": "involved Charles Hoskinson, Jeremy Wood,"}, {"start": "00:21:48", "end": "00:21:54", "text": "Ken, Kodama, and a corporate service"}, {"start": "00:21:51", "end": "00:21:56", "text": "provider. What happened? So what is the"}, {"start": "00:21:54", "end": "00:21:58", "text": "enforcer? Charles was the enfor"}, {"start": "00:21:56", "end": "00:22:00", "text": "enforcer. And there's a big question."}, {"start": "00:21:58", "end": "00:22:02", "text": "What happened to 1,000 Bitcoin? Let me"}, {"start": "00:22:00", "end": "00:22:04", "text": "see here. Here, here. So, there's a big"}, {"start": "00:22:02", "end": "00:22:06", "text": "question what Charles did with with"}, {"start": "00:22:04", "end": "00:22:08", "text": "1,000 Bitcoin because they somehow"}, {"start": "00:22:06", "end": "00:22:09", "text": "vanished. At least from the public eye."}, {"start": "00:22:08", "end": "00:22:11", "text": "Maybe it's all legit under the hood."}, {"start": "00:22:09", "end": "00:22:13", "text": "Again, this guy is not accusing. He's"}, {"start": "00:22:11", "end": "00:22:16", "text": "just asking question. But from the"}, {"start": "00:22:13", "end": "00:22:18", "text": "public eye, 1,000 Bitcoin vanished. So"}, {"start": "00:22:16", "end": "00:22:21", "text": "the Swiss Kan Foundation uh financials"}, {"start": "00:22:18", "end": "00:22:23", "text": "own historical materials reference an"}, {"start": "00:22:21", "end": "00:22:25", "text": "earlier aisle of man predecessor"}, {"start": "00:22:23", "end": "00:22:29", "text": "foundation and show that it received"}, {"start": "00:22:25", "end": "00:22:31", "text": "approximately 1,000 bitcoin and you can"}, {"start": "00:22:29", "end": "00:22:32", "text": "read further and you can read further"}, {"start": "00:22:31", "end": "00:22:34", "text": "and the question is what happened to the"}, {"start": "00:22:32", "end": "00:22:36", "text": "1,000 bitcoin that historical records"}, {"start": "00:22:34", "end": "00:22:38", "text": "indicate were allocated to that"}, {"start": "00:22:36", "end": "00:22:41", "text": "foundation perhaps there's a"}, {"start": "00:22:38", "end": "00:22:44", "text": "straightforward answer if so I would"}, {"start": "00:22:41", "end": "00:22:47", "text": "love to see the documentation says this"}, {"start": "00:22:44", "end": "00:22:51", "text": "guy Thomas Brazil L. So he's like Zach"}, {"start": "00:22:47", "end": "00:22:54", "text": "XBT but he's only Cardano. Okay. So he's"}, {"start": "00:22:51", "end": "00:22:56", "text": "he's Charles probably worst nightmare"}, {"start": "00:22:54", "end": "00:22:57", "text": "maybe. Maybe maybe but he's charitable."}, {"start": "00:22:56", "end": "00:23:00", "text": "And again perhaps there is a"}, {"start": "00:22:57", "end": "00:23:02", "text": "straightforward answer but he's digging"}, {"start": "00:23:00", "end": "00:23:05", "text": "and he he's let's see who is he he's"}, {"start": "00:23:02", "end": "00:23:07", "text": "distress and special sits investor"}, {"start": "00:23:05", "end": "00:23:10", "text": "bankruptcy crypto litig. So yeah I mean"}, {"start": "00:23:07", "end": "00:23:12", "text": "let's see he he's some kind of VC. Did"}, {"start": "00:23:10", "end": "00:23:14", "text": "he get burned in the investments? And"}, {"start": "00:23:12", "end": "00:23:16", "text": "he's saying I'm alleging I'm not"}, {"start": "00:23:14", "end": "00:23:17", "text": "alleging wrongdoing. I'm asking for"}, {"start": "00:23:16", "end": "00:23:19", "text": "documentation. Who controlled the"}, {"start": "00:23:17", "end": "00:23:21", "text": "Alamman Foundation? What became of the"}, {"start": "00:23:19", "end": "00:23:24", "text": "1,000 Bitcoin? What happened guys? Where"}, {"start": "00:23:21", "end": "00:23:26", "text": "is the thousand bitcoin? How were the"}, {"start": "00:23:24", "end": "00:23:27", "text": "development agreements negotiated? And"}, {"start": "00:23:26", "end": "00:23:30", "text": "what governance protection existed for"}, {"start": "00:23:27", "end": "00:23:31", "text": "other purchase guys? Zero. That's with"}, {"start": "00:23:30", "end": "00:23:34", "text": "crypto. You don't even have to ask. I"}, {"start": "00:23:31", "end": "00:23:36", "text": "mean man, what governance protection"}, {"start": "00:23:34", "end": "00:23:38", "text": "exists for the token holder? Man, I can"}, {"start": "00:23:36", "end": "00:23:41", "text": "tell you zero. Zero. It's uh and it's"}, {"start": "00:23:38", "end": "00:23:42", "text": "not only ada. I mean what's what's"}, {"start": "00:23:41", "end": "00:23:44", "text": "happening in link chain link? What's"}, {"start": "00:23:42", "end": "00:23:45", "text": "happening avalanche? What governance"}, {"start": "00:23:44", "end": "00:23:47", "text": "protection? What do you mean protection"}, {"start": "00:23:45", "end": "00:23:50", "text": "for the token holder? You think it's"}, {"start": "00:23:47", "end": "00:23:53", "text": "bank deposit protection. Token holder"}, {"start": "00:23:50", "end": "00:23:56", "text": "have no protection. They are plebbe who"}, {"start": "00:23:53", "end": "00:23:57", "text": "hodddle and or bag holder and some of"}, {"start": "00:23:56", "end": "00:24:00", "text": "them are historic bag holders."}, {"start": "00:23:57", "end": "00:24:02", "text": "Absolutely historic in avalanche."}, {"start": "00:24:00", "end": "00:24:04", "text": "Everyone who holds avalanche in one way"}, {"start": "00:24:02", "end": "00:24:06", "text": "should even get a noble noble sorry not"}, {"start": "00:24:04", "end": "00:24:08", "text": "noble the Guinness should should get the"}, {"start": "00:24:06", "end": "00:24:11", "text": "Guinness world record because they are"}, {"start": "00:24:08", "end": "00:24:13", "text": "now in historic price discovery to the"}, {"start": "00:24:11", "end": "00:24:16", "text": "downside. No one has ever been this low"}, {"start": "00:24:13", "end": "00:24:18", "text": "in avalanche price. Okay. So in this"}, {"start": "00:24:16", "end": "00:24:21", "text": "case they are historic bank holders but"}, {"start": "00:24:18", "end": "00:24:22", "text": "man I mean most coins it's not a bank"}, {"start": "00:24:21", "end": "00:24:24", "text": "like there's no protection. There's no"}, {"start": "00:24:22", "end": "00:24:26", "text": "regulation. So what protection? Zero."}, {"start": "00:24:24", "end": "00:24:28", "text": "Likely zero. I can tell you what is now"}, {"start": "00:24:26", "end": "00:24:30", "text": "zero. Well done Thomas. I've gotten the"}, {"start": "00:24:28", "end": "00:24:32", "text": "whole Cardano spiel from following your"}, {"start": "00:24:30", "end": "00:24:34", "text": "research. So let's see. Let's see. And"}, {"start": "00:24:32", "end": "00:24:36", "text": "what is he? What's his latest? What's"}, {"start": "00:24:34", "end": "00:24:38", "text": "his latest?"}, {"start": "00:24:36", "end": "00:24:40", "text": "Uh this Oh, okay. It was the latest. We"}, {"start": "00:24:38", "end": "00:24:43", "text": "checked the latest. And also let me see"}, {"start": "00:24:40", "end": "00:24:47", "text": "what is this what is this website ada"}, {"start": "00:24:43", "end": "00:24:49", "text": "genesis trail the genesis trail from ada"}, {"start": "00:24:47", "end": "00:24:52", "text": "I guess what what happened here uh read"}, {"start": "00:24:49", "end": "00:24:55", "text": "the case"}, {"start": "00:24:52", "end": "00:24:56", "text": "tweet claims why this claim not just any"}, {"start": "00:24:55", "end": "00:25:00", "text": "sale the right to sell is not in"}, {"start": "00:24:56", "end": "00:25:00", "text": "question okay"}, {"start": "00:25:00", "end": "00:25:06", "text": "what the chain shows so what is the"}, {"start": "00:25:03", "end": "00:25:09", "text": "conclusion what's the conclusion"}, {"start": "00:25:06", "end": "00:25:11", "text": "is Charles guilty or not the conclusion"}, {"start": "00:25:09", "end": "00:25:14", "text": "Anyway, you can check him more here. So"}, {"start": "00:25:11", "end": "00:25:16", "text": "guys, that's that. Moving on. Uh micro"}, {"start": "00:25:14", "end": "00:25:18", "text": "strategy. We need to check micro"}, {"start": "00:25:16", "end": "00:25:20", "text": "strategy. What's happening with strategy"}, {"start": "00:25:18", "end": "00:25:23", "text": "with stretch? Are they still below 100?"}, {"start": "00:25:20", "end": "00:25:25", "text": "Oh, still below 100. But but but coming"}, {"start": "00:25:23", "end": "00:25:26", "text": "up micro strategy, they have now how"}, {"start": "00:25:25", "end": "00:25:29", "text": "many days? They have until the end of"}, {"start": "00:25:26", "end": "00:25:31", "text": "the week to raise money. To raise money,"}, {"start": "00:25:29", "end": "00:25:35", "text": "they have to go to $100. They're still"}, {"start": "00:25:31", "end": "00:25:37", "text": "below $100. Uh they're at 96 and"}, {"start": "00:25:35", "end": "00:25:41", "text": "yesterday we're at 97. And now maybe"}, {"start": "00:25:37", "end": "00:25:44", "text": "they're going to go to 97 again. But if"}, {"start": "00:25:41", "end": "00:25:46", "text": "they're below 100, they cannot"}, {"start": "00:25:44", "end": "00:25:49", "text": "raise anything. They cannot raise"}, {"start": "00:25:46", "end": "00:25:52", "text": "anything. So the markets is now maybe"}, {"start": "00:25:49", "end": "00:25:55", "text": "saying we need more uh more yield. Uh"}, {"start": "00:25:52", "end": "00:25:58", "text": "that uh 11% is is is too little. So"}, {"start": "00:25:55", "end": "00:26:00", "text": "let's see. But if if a sailor cannot get"}, {"start": "00:25:58", "end": "00:26:04", "text": "this thing up"}, {"start": "00:26:00", "end": "00:26:06", "text": "above 100 until Friday, this is going to"}, {"start": "00:26:04", "end": "00:26:08", "text": "be the first month where they raise"}, {"start": "00:26:06", "end": "00:26:11", "text": "zero. They raise zero. Okay. So, let's"}, {"start": "00:26:08", "end": "00:26:12", "text": "keep an eye here. And yeah, maybe they"}, {"start": "00:26:11", "end": "00:26:14", "text": "have some emergency announcement that"}, {"start": "00:26:12", "end": "00:26:17", "text": "there's some special reward or special"}, {"start": "00:26:14", "end": "00:26:18", "text": "uh yield or something so people so"}, {"start": "00:26:17", "end": "00:26:20", "text": "people buy it. But yeah, something to"}, {"start": "00:26:18", "end": "00:26:23", "text": "keep in mind. And look here, this guy is"}, {"start": "00:26:20", "end": "00:26:25", "text": "saying something very important."}, {"start": "00:26:23", "end": "00:26:29", "text": "Let me follow him."}, {"start": "00:26:25", "end": "00:26:31", "text": "Orca Investment Firm. Okay. So, he says"}, {"start": "00:26:29", "end": "00:26:33", "text": "something very important that just about"}, {"start": "00:26:31", "end": "00:26:36", "text": "any company can raise money at 11.5% if"}, {"start": "00:26:33", "end": "00:26:37", "text": "they wanted to. So, 11.5% I know it's a"}, {"start": "00:26:36", "end": "00:26:40", "text": "it's very high yield. It's very high"}, {"start": "00:26:37", "end": "00:26:42", "text": "yield. And normally when you pay that"}, {"start": "00:26:40", "end": "00:26:44", "text": "big of an interest, it means that you"}, {"start": "00:26:42", "end": "00:26:46", "text": "don't really have a lot of interested"}, {"start": "00:26:44", "end": "00:26:48", "text": "parties that want to lend to you. Okay?"}, {"start": "00:26:46", "end": "00:26:50", "text": "And in this case, it's not lending, it's"}, {"start": "00:26:48", "end": "00:26:52", "text": "preferred stock, this and that. Um, so"}, {"start": "00:26:50", "end": "00:26:54", "text": "for that you likely have to offer more"}, {"start": "00:26:52", "end": "00:26:57", "text": "yield, a bit more yield. But even with"}, {"start": "00:26:54", "end": "00:27:00", "text": "that 11.5% is super high. So it's an"}, {"start": "00:26:57", "end": "00:27:01", "text": "incredibly high hurdler rate to overcome"}, {"start": "00:27:00", "end": "00:27:04", "text": "no matter what you do with the money."}, {"start": "00:27:01", "end": "00:27:07", "text": "Like there is literally no business that"}, {"start": "00:27:04", "end": "00:27:11", "text": "can generate some kind of uh business"}, {"start": "00:27:07", "end": "00:27:12", "text": "activity with this high returns. So now"}, {"start": "00:27:11", "end": "00:27:14", "text": "the hope is that business is going to"}, {"start": "00:27:12", "end": "00:27:17", "text": "moon. So it's going to be okay. They can"}, {"start": "00:27:14", "end": "00:27:18", "text": "pay all of this uh I don't know 11% per"}, {"start": "00:27:17", "end": "00:27:20", "text": "year but it's very high. So just because"}, {"start": "00:27:18", "end": "00:27:22", "text": "Mike calls this invasive doesn't make it"}, {"start": "00:27:20", "end": "00:27:25", "text": "smart. Sure Bitcoin can go up more than"}, {"start": "00:27:22", "end": "00:27:27", "text": "11% per year. It also may not but every"}, {"start": "00:27:25", "end": "00:27:29", "text": "company could I think it's important"}, {"start": "00:27:27", "end": "00:27:30", "text": "thing to mention that there's nothing"}, {"start": "00:27:29", "end": "00:27:32", "text": "magical with micro strategy. I just want"}, {"start": "00:27:30", "end": "00:27:34", "text": "to reiterate that because it hurts our"}, {"start": "00:27:32", "end": "00:27:36", "text": "industry when people think it's an"}, {"start": "00:27:34", "end": "00:27:39", "text": "infant money glitch or some kind of uh"}, {"start": "00:27:36", "end": "00:27:41", "text": "in innovation that is sucking up all"}, {"start": "00:27:39", "end": "00:27:43", "text": "fiat in the world. Like if you create a"}, {"start": "00:27:41", "end": "00:27:45", "text": "company, if you're public listed and you"}, {"start": "00:27:43", "end": "00:27:46", "text": "say listen I have 11% yield, you're"}, {"start": "00:27:45", "end": "00:27:48", "text": "going to have a lot of capital. You"}, {"start": "00:27:46", "end": "00:27:50", "text": "obviously need to have some kind of"}, {"start": "00:27:48", "end": "00:27:52", "text": "credible story behind it. So because"}, {"start": "00:27:50", "end": "00:27:55", "text": "there is there is risk that you go"}, {"start": "00:27:52", "end": "00:27:58", "text": "bankrupt and in this case the story is"}, {"start": "00:27:55", "end": "00:27:59", "text": "that Bitcoin is going to moon. Uh and uh"}, {"start": "00:27:58", "end": "00:28:01", "text": "this is not new. This has been done in"}, {"start": "00:27:59", "end": "00:28:03", "text": "the past with other assets. For example,"}, {"start": "00:28:01", "end": "00:28:05", "text": "we discussed that this is this has been"}, {"start": "00:28:03", "end": "00:28:07", "text": "very common with real estate. You have"}, {"start": "00:28:05", "end": "00:28:10", "text": "developers offering high yield to raise"}, {"start": "00:28:07", "end": "00:28:12", "text": "money and then uh build out real estate."}, {"start": "00:28:10", "end": "00:28:14", "text": "You have big I mean giant corporations"}, {"start": "00:28:12", "end": "00:28:16", "text": "doing it. Look at Everground in China."}, {"start": "00:28:14", "end": "00:28:17", "text": "Like this is very common. So the more"}, {"start": "00:28:16", "end": "00:28:19", "text": "people understand that there's nothing"}, {"start": "00:28:17", "end": "00:28:22", "text": "magic here, there's nothing magic. It"}, {"start": "00:28:19", "end": "00:28:23", "text": "may or may not work out. And if you have"}, {"start": "00:28:22", "end": "00:28:25", "text": "that mindset, then it's fine. Then it's"}, {"start": "00:28:23", "end": "00:28:27", "text": "fine. But I'm nervous when people have"}, {"start": "00:28:25", "end": "00:28:29", "text": "this mindset that is infant money"}, {"start": "00:28:27", "end": "00:28:31", "text": "glitch. Then I'm nervous. Then I'm"}, {"start": "00:28:29", "end": "00:28:33", "text": "nervous. If everyone in crypto would"}, {"start": "00:28:31", "end": "00:28:35", "text": "say, listen, he has he's raising money"}, {"start": "00:28:33", "end": "00:28:38", "text": "very expensive. He's raising money at"}, {"start": "00:28:35", "end": "00:28:40", "text": "such an expensive crazy rate. And the"}, {"start": "00:28:38", "end": "00:28:41", "text": "strategy is that we buy Bitcoin and"}, {"start": "00:28:40", "end": "00:28:43", "text": "maybe Bitcoin moves enough so we can get"}, {"start": "00:28:41", "end": "00:28:45", "text": "more money from from Bitcoin to pay it."}, {"start": "00:28:43", "end": "00:28:49", "text": "Okay. Good, good, good. Then it's a you"}, {"start": "00:28:45", "end": "00:28:52", "text": "know it's an enterprise. It's a it's a"}, {"start": "00:28:49", "end": "00:28:54", "text": "business plan with risks and we see it"}, {"start": "00:28:52", "end": "00:28:56", "text": "for what it is. So that's very important"}, {"start": "00:28:54", "end": "00:28:58", "text": "to see to see it like that. It may or"}, {"start": "00:28:56", "end": "00:29:01", "text": "may not work. It's not an infinite money"}, {"start": "00:28:58", "end": "00:29:04", "text": "glitch. It's not uh magic that sucks in"}, {"start": "00:29:01", "end": "00:29:06", "text": "all fiat in the world and uh and hyper"}, {"start": "00:29:04", "end": "00:29:08", "text": "it's not hyper bitcoinization either. So"}, {"start": "00:29:06", "end": "00:29:09", "text": "they could buy assets with the process"}, {"start": "00:29:08", "end": "00:29:11", "text": "or they could reinvest in their business"}, {"start": "00:29:09", "end": "00:29:13", "text": "or they could even buy back their own"}, {"start": "00:29:11", "end": "00:29:14", "text": "stock. So any company could do it. they"}, {"start": "00:29:13", "end": "00:29:16", "text": "could raise at this high rate and then"}, {"start": "00:29:14", "end": "00:29:17", "text": "they can do all kinds of stuff. Many of"}, {"start": "00:29:16", "end": "00:29:19", "text": "these investments would outperform"}, {"start": "00:29:17", "end": "00:29:22", "text": "Bitcoin. But again, no one does this"}, {"start": "00:29:19", "end": "00:29:25", "text": "because 11.5% is a massive helder rate."}, {"start": "00:29:22", "end": "00:29:27", "text": "So just something to keep in mind. Fred"}, {"start": "00:29:25", "end": "00:29:28", "text": "is saying not true. Very few companies"}, {"start": "00:29:27", "end": "00:29:31", "text": "can raise perhaps where they have option"}, {"start": "00:29:28", "end": "00:29:33", "text": "to omit payment. I mean maybe true that"}, {"start": "00:29:31", "end": "00:29:34", "text": "you have option to omit payment but you"}, {"start": "00:29:33", "end": "00:29:38", "text": "see they cannot they cannot omit pay."}, {"start": "00:29:34", "end": "00:29:42", "text": "they have if they do it all of these"}, {"start": "00:29:38", "end": "00:29:43", "text": "holders who bought stretch as uh a"}, {"start": "00:29:42", "end": "00:29:45", "text": "replacement for their bank account"}, {"start": "00:29:43", "end": "00:29:46", "text": "they're going to lose so much money"}, {"start": "00:29:45", "end": "00:29:49", "text": "because the reason why stretch is still"}, {"start": "00:29:46", "end": "00:29:51", "text": "at you know 97 96 is because you have"}, {"start": "00:29:49", "end": "00:29:53", "text": "payment I mean you have dividend should"}, {"start": "00:29:51", "end": "00:29:56", "text": "it disappear boop the market price of"}, {"start": "00:29:53", "end": "00:29:58", "text": "this is going to tank so high so"}, {"start": "00:29:56", "end": "00:29:59", "text": "technically they could omit payment"}, {"start": "00:29:58", "end": "00:30:02", "text": "practically I don't think they can omit"}, {"start": "00:29:59", "end": "00:30:04", "text": "payment practically they can't h this"}, {"start": "00:30:02", "end": "00:30:06", "text": "was funny let me know guys we if you"}, {"start": "00:30:04", "end": "00:30:08", "text": "agree with this or not. Welcome to the"}, {"start": "00:30:06", "end": "00:30:11", "text": "club ETH and you have internet explorer"}, {"start": "00:30:08", "end": "00:30:12", "text": "and you have no cam."}, {"start": "00:30:11", "end": "00:30:16", "text": "It is looking more and more like that. I"}, {"start": "00:30:12", "end": "00:30:17", "text": "mean just from a using ETH u I mean"}, {"start": "00:30:16", "end": "00:30:19", "text": "personally I can just tell person I'm"}, {"start": "00:30:17", "end": "00:30:21", "text": "using ETH less and less less and less"}, {"start": "00:30:19", "end": "00:30:24", "text": "whether it is for payments receiving"}, {"start": "00:30:21", "end": "00:30:26", "text": "payment sending payment uh it is more on"}, {"start": "00:30:24", "end": "00:30:28", "text": "Soul it's more on Tron. Uh when it comes"}, {"start": "00:30:26", "end": "00:30:31", "text": "to trading stuff, new coins are not on"}, {"start": "00:30:28", "end": "00:30:33", "text": "ETH. There's I mean, not that there are"}, {"start": "00:30:31", "end": "00:30:36", "text": "many coins overall now. There's not too"}, {"start": "00:30:33", "end": "00:30:39", "text": "much trading anyway because we're in a"}, {"start": "00:30:36", "end": "00:30:42", "text": "in a bare market. Uh but yeah, if you"}, {"start": "00:30:39", "end": "00:30:44", "text": "compare to 2020 2021, like everything"}, {"start": "00:30:42", "end": "00:30:47", "text": "was on ETH. Even in bare market, people"}, {"start": "00:30:44", "end": "00:30:49", "text": "were print minting some kind of NFT or"}, {"start": "00:30:47", "end": "00:30:51", "text": "something something. But it was early"}, {"start": "00:30:49", "end": "00:30:54", "text": "days. It was a lot of experimentation."}, {"start": "00:30:51", "end": "00:30:57", "text": "All of the DeFi was super new. Uh man,"}, {"start": "00:30:54", "end": "00:30:59", "text": "you remember 2020 2021 so much new DeFi."}, {"start": "00:30:57", "end": "00:31:02", "text": "I mean, I remember oh my god, people did"}, {"start": "00:30:59", "end": "00:31:04", "text": "so much on ETH now. I don't know what's"}, {"start": "00:31:02", "end": "00:31:07", "text": "happening there. I don't use it too much"}, {"start": "00:31:04", "end": "00:31:08", "text": "myself. Um so yeah, let's let's see."}, {"start": "00:31:07", "end": "00:31:09", "text": "Let's see. Could it be like this? It"}, {"start": "00:31:08", "end": "00:31:11", "text": "could be like this. They could also turn"}, {"start": "00:31:09", "end": "00:31:14", "text": "it around. They could. So let's see."}, {"start": "00:31:11", "end": "00:31:17", "text": "MetaMask, for example, is unveiling"}, {"start": "00:31:14", "end": "00:31:19", "text": "u unveil or unveil, how you say, number"}, {"start": "00:31:17", "end": "00:31:21", "text": "one or number two? Unveil number one."}, {"start": "00:31:19", "end": "00:31:24", "text": "Unveil number two. Which one? One or"}, {"start": "00:31:21", "end": "00:31:26", "text": "two? Uh, let me know in the comment"}, {"start": "00:31:24", "end": "00:31:29", "text": "section. MetaMask unveils or unveils"}, {"start": "00:31:26", "end": "00:31:32", "text": "self-custodial wallet for agentic"}, {"start": "00:31:29", "end": "00:31:34", "text": "agentic defy trading. Let's see if they"}, {"start": "00:31:32", "end": "00:31:36", "text": "can have AIS trading on ETH in MetaMask"}, {"start": "00:31:34", "end": "00:31:40", "text": "or or what's going to happen. So, the"}, {"start": "00:31:36", "end": "00:31:43", "text": "new wallet allows agents to execute"}, {"start": "00:31:40", "end": "00:31:45", "text": "transactions across D5 protocols while"}, {"start": "00:31:43", "end": "00:31:46", "text": "operating within userdefined spending"}, {"start": "00:31:45", "end": "00:31:48", "text": "limits. Let's see, guys, guys. Let's"}, {"start": "00:31:46", "end": "00:31:51", "text": "see."}, {"start": "00:31:48", "end": "00:31:52", "text": "AI agent is going to Yeah, let's see. I"}, {"start": "00:31:51", "end": "00:31:55", "text": "mean I like the innovation at the same"}, {"start": "00:31:52", "end": "00:31:58", "text": "time the you know the user of MetaMask"}, {"start": "00:31:55", "end": "00:32:00", "text": "most of them they're at the level where"}, {"start": "00:31:58", "end": "00:32:02", "text": "they may even lose their seed phrase if"}, {"start": "00:32:00", "end": "00:32:05", "text": "they write you know for them number one"}, {"start": "00:32:02", "end": "00:32:08", "text": "is to get people to back up the seed"}, {"start": "00:32:05", "end": "00:32:10", "text": "phrase not get fished that's the that's"}, {"start": "00:32:08", "end": "00:32:11", "text": "the main focus that I would be having"}, {"start": "00:32:10", "end": "00:32:13", "text": "like if I would be product manager of"}, {"start": "00:32:11", "end": "00:32:16", "text": "MetaMask I would actually be focusing"}, {"start": "00:32:13", "end": "00:32:19", "text": "more on the basics because you know okay"}, {"start": "00:32:16", "end": "00:32:21", "text": "you have AI agents they can now go to D5"}, {"start": "00:32:19", "end": "00:32:22", "text": "protocol man most people they They"}, {"start": "00:32:21", "end": "00:32:25", "text": "barely do the basics and now you're"}, {"start": "00:32:22", "end": "00:32:28", "text": "going to let AI agent loose, man. What"}, {"start": "00:32:25", "end": "00:32:31", "text": "are they going to do? Maybe AI agent can"}, {"start": "00:32:28", "end": "00:32:36", "text": "use MetaMask like UI is so complex. You"}, {"start": "00:32:31", "end": "00:32:37", "text": "need a agents to use it or what?"}, {"start": "00:32:36", "end": "00:32:40", "text": "I I don't know, man. Are people going to"}, {"start": "00:32:37", "end": "00:32:43", "text": "be using AI for D5 protocols inside"}, {"start": "00:32:40", "end": "00:32:44", "text": "MetaMask? Maybe, man. Maybe. I mean, I'm"}, {"start": "00:32:43", "end": "00:32:46", "text": "trying to be, you know, trying to see"}, {"start": "00:32:44", "end": "00:32:50", "text": "the future. I I I would say it's a bit"}, {"start": "00:32:46", "end": "00:32:52", "text": "wrong focus. It's a bit wrong focus."}, {"start": "00:32:50", "end": "00:32:55", "text": "I would be focusing more on making it"}, {"start": "00:32:52", "end": "00:32:58", "text": "like smooth as hell, simple, all these"}, {"start": "00:32:55", "end": "00:33:00", "text": "L2s. But see, you want to make it"}, {"start": "00:32:58", "end": "00:33:01", "text": "simple, but you are on ETH, so you have"}, {"start": "00:33:00", "end": "00:33:03", "text": "all the million L2s. What else to do"}, {"start": "00:33:01", "end": "00:33:07", "text": "with all of the L2s?"}, {"start": "00:33:03", "end": "00:33:09", "text": "User has ETH from ETH from base. You"}, {"start": "00:33:07", "end": "00:33:11", "text": "have a million different ETHs. I mean,"}, {"start": "00:33:09", "end": "00:33:13", "text": "you you need an AI just for that. I"}, {"start": "00:33:11", "end": "00:33:16", "text": "mean, imagine the average user. You know"}, {"start": "00:33:13", "end": "00:33:18", "text": "the average user if you've run any kind"}, {"start": "00:33:16", "end": "00:33:21", "text": "of software business you know that the"}, {"start": "00:33:18", "end": "00:33:23", "text": "average user man they struggle with the"}, {"start": "00:33:21", "end": "00:33:25", "text": "simplest things simplest things you send"}, {"start": "00:33:23", "end": "00:33:26", "text": "them instruction on email they don't see"}, {"start": "00:33:25", "end": "00:33:30", "text": "email I I don't know what where's the"}, {"start": "00:33:26", "end": "00:33:33", "text": "email uh login password oh you need to"}, {"start": "00:33:30", "end": "00:33:36", "text": "login with discord where is discord you"}, {"start": "00:33:33", "end": "00:33:39", "text": "know the average user cannot like"}, {"start": "00:33:36", "end": "00:33:40", "text": "understanding the basics is very hard"}, {"start": "00:33:39", "end": "00:33:42", "text": "sometimes like it's uh and it's fair I"}, {"start": "00:33:40", "end": "00:33:45", "text": "mean we're all humans we're all humans"}, {"start": "00:33:42", "end": "00:33:47", "text": "and by the Hey, running a business"}, {"start": "00:33:45", "end": "00:33:49", "text": "has also taught me something about, you"}, {"start": "00:33:47", "end": "00:33:50", "text": "know, the the the support functions."}, {"start": "00:33:49", "end": "00:33:52", "text": "It's so important, man. You have"}, {"start": "00:33:50", "end": "00:33:53", "text": "software, you use good support, and"}, {"start": "00:33:52", "end": "00:33:54", "text": "everyone in Bulmania says that we have"}, {"start": "00:33:53", "end": "00:33:57", "text": "the best support because we really"}, {"start": "00:33:54", "end": "00:33:58", "text": "invest in that. If you don't know how to"}, {"start": "00:33:57", "end": "00:33:59", "text": "reset your password in Bulmania, man,"}, {"start": "00:33:58", "end": "00:34:02", "text": "we're going to we're going to tell you"}, {"start": "00:33:59", "end": "00:34:05", "text": "how to reset password. But it also made"}, {"start": "00:34:02", "end": "00:34:07", "text": "me a bit more relaxed. I mean sometimes"}, {"start": "00:34:05", "end": "00:34:09", "text": "you know I I kind of you know I could"}, {"start": "00:34:07", "end": "00:34:10", "text": "understand everything perfectly or I I"}, {"start": "00:34:09", "end": "00:34:12", "text": "just do a bit less and I say I"}, {"start": "00:34:10", "end": "00:34:13", "text": "misunderstood because I see how much"}, {"start": "00:34:12", "end": "00:34:15", "text": "people misunderstand in the world like"}, {"start": "00:34:13", "end": "00:34:17", "text": "everyone misunderstands everything okay"}, {"start": "00:34:15", "end": "00:34:19", "text": "they misunderstand everything that's why"}, {"start": "00:34:17", "end": "00:34:22", "text": "you need customer support but anyway"}, {"start": "00:34:19", "end": "00:34:24", "text": "anyway so here"}, {"start": "00:34:22", "end": "00:34:26", "text": "defi is also going to be part of your"}, {"start": "00:34:24", "end": "00:34:28", "text": "wallet where the average user barely"}, {"start": "00:34:26", "end": "00:34:30", "text": "knows how the hell to back up the seed"}, {"start": "00:34:28", "end": "00:34:32", "text": "phrase and how to go between a million"}, {"start": "00:34:30", "end": "00:34:34", "text": "or twoy but anyway I love the innovation"}, {"start": "00:34:32", "end": "00:34:35", "text": "maybe it's going to be great. Maybe not."}, {"start": "00:34:34", "end": "00:34:38", "text": "Sometimes you're surprised how new"}, {"start": "00:34:35", "end": "00:34:41", "text": "things are innovating. Let's see, guys."}, {"start": "00:34:38", "end": "00:34:42", "text": "Let's see. Uh not not my cup of tea if I"}, {"start": "00:34:41", "end": "00:34:45", "text": "would be building it. But anyway, big"}, {"start": "00:34:42", "end": "00:34:47", "text": "shout out. Big shout out. And yeah,"}, {"start": "00:34:45", "end": "00:34:48", "text": "guys, let's go to Q&A questions,"}, {"start": "00:34:47", "end": "00:34:52", "text": "answers, debates. We captured most of"}, {"start": "00:34:48", "end": "00:34:54", "text": "the juice here. All of you guys who were"}, {"start": "00:34:52", "end": "00:34:57", "text": "on the wait list for Bullmania"}, {"start": "00:34:54", "end": "00:34:59", "text": "yesterday, we did release a few spots."}, {"start": "00:34:57", "end": "00:35:01", "text": "So, check your email if you're on the"}, {"start": "00:34:59", "end": "00:35:03", "text": "wait list from yesterday. in Bulmania,"}, {"start": "00:35:01", "end": "00:35:06", "text": "guys. We're we're we're we're full."}, {"start": "00:35:03", "end": "00:35:08", "text": "We're we're full. Especially after the"}, {"start": "00:35:06", "end": "00:35:10", "text": "uh this recent fall where people"}, {"start": "00:35:08", "end": "00:35:11", "text": "understood, holy crap, guys, Ivan was so"}, {"start": "00:35:10", "end": "00:35:13", "text": "correct. Ivan called everything"}, {"start": "00:35:11", "end": "00:35:16", "text": "perfectly from October 8th. You know,"}, {"start": "00:35:13", "end": "00:35:18", "text": "when the penny drops, it drops, man. It"}, {"start": "00:35:16", "end": "00:35:21", "text": "drops. They understand. They need the"}, {"start": "00:35:18", "end": "00:35:22", "text": "mechanical rules. So, we're we are at"}, {"start": "00:35:21", "end": "00:35:25", "text": "capacity. Currently, we're at at"}, {"start": "00:35:22", "end": "00:35:28", "text": "capacity, but we are releasing spots"}, {"start": "00:35:25", "end": "00:35:29", "text": "uh daily. When we have some spots, we"}, {"start": "00:35:28", "end": "00:35:32", "text": "we're going to email. So go to"}, {"start": "00:35:29", "end": "00:35:35", "text": "bullmay.com, sign up for the weight list"}, {"start": "00:35:32", "end": "00:35:37", "text": "uh and uh yeah uh likely later today we"}, {"start": "00:35:35", "end": "00:35:38", "text": "will have a few spots open also but"}, {"start": "00:35:37", "end": "00:35:40", "text": "watch the free training here so you know"}, {"start": "00:35:38", "end": "00:35:42", "text": "about the mechanical rules and then to"}, {"start": "00:35:40", "end": "00:35:45", "text": "get the strategy session sign up for"}, {"start": "00:35:42", "end": "00:35:46", "text": "weight list and uh yeah I mean this bull"}, {"start": "00:35:45", "end": "00:35:49", "text": "we need to figure something out here the"}, {"start": "00:35:46", "end": "00:35:51", "text": "bull market is coming it's uh it's going"}, {"start": "00:35:49", "end": "00:35:53", "text": "to be we need to figure out how to how"}, {"start": "00:35:51", "end": "00:35:54", "text": "to handle more but now we're we're at"}, {"start": "00:35:53", "end": "00:35:57", "text": "such full capacity it's insane it's"}, {"start": "00:35:54", "end": "00:36:00", "text": "insane and if you are looking for"}, {"start": "00:35:57", "end": "00:36:01", "text": "exchanges go to bulln com/partners."}, {"start": "00:36:00", "end": "00:36:03", "text": "You'll find the link below in the"}, {"start": "00:36:01", "end": "00:36:06", "text": "description. It says exchanges I use. So"}, {"start": "00:36:03", "end": "00:36:08", "text": "you have bybit big fat signup bonus."}, {"start": "00:36:06", "end": "00:36:10", "text": "Pionex big fat signup bonus and pionx is"}, {"start": "00:36:08", "end": "00:36:12", "text": "for automated trading. You can watch"}, {"start": "00:36:10", "end": "00:36:14", "text": "here for the bots. You have tutorial"}, {"start": "00:36:12", "end": "00:36:16", "text": "linked here. Weeks is like buy bit but"}, {"start": "00:36:14", "end": "00:36:18", "text": "low KYC. You want buy bit but with lower"}, {"start": "00:36:16", "end": "00:36:20", "text": "KYC, it's weeks. They have similar stuff"}, {"start": "00:36:18", "end": "00:36:22", "text": "with crypto, with leverage, with stocks."}, {"start": "00:36:20", "end": "00:36:24", "text": "Bit tuning. If you go to"}, {"start": "00:36:22", "end": "00:36:27", "text": "bullme.com/partners or you use the link"}, {"start": "00:36:24", "end": "00:36:28", "text": "below, you get big fat signup bonus"}, {"start": "00:36:27", "end": "00:36:30", "text": "because we have negotiated with all of"}, {"start": "00:36:28", "end": "00:36:33", "text": "them. So on this note guys, let's go to"}, {"start": "00:36:30", "end": "00:36:36", "text": "Q&A questions, answers, debates. Big"}, {"start": "00:36:33", "end": "00:36:38", "text": "shout out to Guzman four times something"}, {"start": "00:36:36", "end": "00:36:41", "text": "else. Let's roll the intro for Q&A."}, {"start": "00:36:38", "end": "00:36:41", "text": "Let's go."}, {"start": "00:36:45", "end": "00:36:49", "text": "And over to you guys. Over to you LFG."}, {"start": "00:36:48", "end": "00:36:53", "text": "LFG as soon as possible. Questions,"}, {"start": "00:36:49", "end": "00:36:53", "text": "answer, debates, discussion. Let's go."}, {"start": "00:36:53", "end": "00:36:58", "text": "Tom Lee just bought more ETH his company"}, {"start": "00:36:56", "end": "00:37:02", "text": "I think for his company. Yeah, I think"}, {"start": "00:36:58", "end": "00:37:07", "text": "he bought like a few hundred million"}, {"start": "00:37:02", "end": "00:37:09", "text": "but nothing in the price. H how he buys?"}, {"start": "00:37:07", "end": "00:37:12", "text": "How he buys and is still down? Where he"}, {"start": "00:37:09", "end": "00:37:15", "text": "bought? Maybe he bought up this week."}, {"start": "00:37:12", "end": "00:37:18", "text": "You know the week here? I mean guys."}, {"start": "00:37:15", "end": "00:37:20", "text": "Okay, I see Tom Lee here. Is this Tom"}, {"start": "00:37:18", "end": "00:37:22", "text": "Lee?"}, {"start": "00:37:20", "end": "00:37:24", "text": "But candle is still red. Candle is still"}, {"start": "00:37:22", "end": "00:37:25", "text": "red. I I don't know how he bought it."}, {"start": "00:37:24", "end": "00:37:28", "text": "It's on Bitfinex. Likely he's likely he"}, {"start": "00:37:25", "end": "00:37:30", "text": "bought it on Coinbase to be fair."}, {"start": "00:37:28", "end": "00:37:32", "text": "Coinbase. I don't see Tommy here, but"}, {"start": "00:37:30", "end": "00:37:34", "text": "yeah, maybe OTC. Maybe OTC. Maybe"}, {"start": "00:37:32", "end": "00:37:36", "text": "somehow."}, {"start": "00:37:34", "end": "00:37:38", "text": "Good conviction, but uh not good"}, {"start": "00:37:36", "end": "00:37:40", "text": "execution. I think his average price is"}, {"start": "00:37:38", "end": "00:37:42", "text": "like here at 38 or something like that."}, {"start": "00:37:40", "end": "00:37:44", "text": "Just like when we went bare on the money"}, {"start": "00:37:42", "end": "00:37:46", "text": "line. Man could have saved me so much"}, {"start": "00:37:44", "end": "00:37:48", "text": "money. He's down. I mean, I think his"}, {"start": "00:37:46", "end": "00:37:51", "text": "average price is 3.8K 8K and he's down"}, {"start": "00:37:48", "end": "00:37:52", "text": "like 10 10 billion or something. It's"}, {"start": "00:37:51", "end": "00:37:55", "text": "one of the biggest trading losses in"}, {"start": "00:37:52", "end": "00:37:57", "text": "history. Okay. But he's good. He's good."}, {"start": "00:37:55", "end": "00:37:58", "text": "I mean, he's buying more. He's buying"}, {"start": "00:37:57", "end": "00:38:00", "text": "more."}, {"start": "00:37:58", "end": "00:38:02", "text": "But uh just trend following would have"}, {"start": "00:38:00", "end": "00:38:04", "text": "saved him so much. Mechanical rules"}, {"start": "00:38:02", "end": "00:38:06", "text": "bulman. I mean, man, you you you don't"}, {"start": "00:38:04", "end": "00:38:08", "text": "disrespect the bare trend. And this"}, {"start": "00:38:06", "end": "00:38:11", "text": "thing, let's see if it loses this"}, {"start": "00:38:08", "end": "00:38:14", "text": "support here. The next support is down"}, {"start": "00:38:11", "end": "00:38:16", "text": "here at 1K. So, could lose another 30%"}, {"start": "00:38:14", "end": "00:38:20", "text": "easily. Let me draw Let me actually draw"}, {"start": "00:38:16", "end": "00:38:23", "text": "it as um uh like this. So you have now a"}, {"start": "00:38:20", "end": "00:38:25", "text": "bit of area of support."}, {"start": "00:38:23", "end": "00:38:28", "text": "Why is black? That's what she said."}, {"start": "00:38:25", "end": "00:38:30", "text": "Let's see. A bit of area of support."}, {"start": "00:38:28", "end": "00:38:33", "text": "Uh"}, {"start": "00:38:30", "end": "00:38:36", "text": "let's see like this. Okay. Like this. So"}, {"start": "00:38:33", "end": "00:38:38", "text": "now we're at a bit of area of support."}, {"start": "00:38:36", "end": "00:38:40", "text": "And"}, {"start": "00:38:38", "end": "00:38:44", "text": "uh yeah, the next support is somewhere"}, {"start": "00:38:40", "end": "00:38:45", "text": "here. So, let's see if ETH holds it or"}, {"start": "00:38:44", "end": "00:38:48", "text": "doesn't hold it or what the hell is"}, {"start": "00:38:45", "end": "00:38:50", "text": "going to happen."}, {"start": "00:38:48", "end": "00:38:52", "text": "But it's bare trend. So, yeah, be"}, {"start": "00:38:50", "end": "00:38:54", "text": "careful. Be careful. Be bare trend."}, {"start": "00:38:52", "end": "00:38:55", "text": "Don't joke around with bear trend. But I"}, {"start": "00:38:54", "end": "00:38:56", "text": "mean, for Tom Lee, it's okay, man. For"}, {"start": "00:38:55", "end": "00:38:58", "text": "Tom Lee, I don't think he cares too"}, {"start": "00:38:56", "end": "00:39:01", "text": "much. He has a narrative. Buy as much"}, {"start": "00:38:58", "end": "00:39:03", "text": "ETH as possible. If it goes down, he"}, {"start": "00:39:01", "end": "00:39:04", "text": "himself is not hurt. Like, he it's it's"}, {"start": "00:39:03", "end": "00:39:06", "text": "his company, man. And it's not even his"}, {"start": "00:39:04", "end": "00:39:08", "text": "company, by the way. He's chairman"}, {"start": "00:39:06", "end": "00:39:11", "text": "there. They hired him. So, it's not even"}, {"start": "00:39:08", "end": "00:39:13", "text": "his company. It's not like he is the UBO"}, {"start": "00:39:11", "end": "00:39:15", "text": "of the company. He's hired man. He's a"}, {"start": "00:39:13", "end": "00:39:18", "text": "hired uh you can say paid a bit of an"}, {"start": "00:39:15", "end": "00:39:20", "text": "actor. A bit of an actor because he's in"}, {"start": "00:39:18", "end": "00:39:22", "text": "CNBC and Bitmine he's known and now"}, {"start": "00:39:20", "end": "00:39:25", "text": "Bitmine is known. So I don't think he"}, {"start": "00:39:22", "end": "00:39:27", "text": "cares too much guys honestly that is"}, {"start": "00:39:25", "end": "00:39:29", "text": "down for him. It's it's potato potato."}, {"start": "00:39:27", "end": "00:39:31", "text": "They grow the treasury. He knows that"}, {"start": "00:39:29", "end": "00:39:33", "text": "you know eventually potentially it's"}, {"start": "00:39:31", "end": "00:39:35", "text": "going to come back. But your situation"}, {"start": "00:39:33", "end": "00:39:37", "text": "is different. I mean, if you put your"}, {"start": "00:39:35", "end": "00:39:38", "text": "hard-earned money into Tom Le's"}, {"start": "00:39:37", "end": "00:39:42", "text": "predictions that ETH is going to go to"}, {"start": "00:39:38", "end": "00:39:45", "text": "60K and it goes from 4K to 1.6K and you"}, {"start": "00:39:42", "end": "00:39:47", "text": "miss all of the AI, you miss Intel 300%."}, {"start": "00:39:45", "end": "00:39:48", "text": "You miss Sanisk, what is it like 30x,"}, {"start": "00:39:47", "end": "00:39:51", "text": "it's a big for you it's a big"}, {"start": "00:39:48", "end": "00:39:53", "text": "difference. For it's a big difference"}, {"start": "00:39:51", "end": "00:39:54", "text": "for Tom Lee, man. I mean, if like is"}, {"start": "00:39:53", "end": "00:39:56", "text": "going to come back at some point as long"}, {"start": "00:39:54", "end": "00:39:59", "text": "as he doesn't go bankrupt, he's is going"}, {"start": "00:39:56", "end": "00:40:00", "text": "to be okay. But Bitcoin is not going to"}, {"start": "00:39:59", "end": "00:40:02", "text": "go bankrupt. So, I mean, for him, it's"}, {"start": "00:40:00", "end": "00:40:04", "text": "okay. He's okay. He's actually probably"}, {"start": "00:40:02", "end": "00:40:06", "text": "up a lot. His compensation is massive,"}, {"start": "00:40:04", "end": "00:40:09", "text": "massive, massive in this uh in this"}, {"start": "00:40:06", "end": "00:40:10", "text": "deal. So yeah."}, {"start": "00:40:09", "end": "00:40:12", "text": "Yes, exactly. Fresh cut. Thank you very"}, {"start": "00:40:10", "end": "00:40:13", "text": "much for noticing. Fresh cut. Let's see"}, {"start": "00:40:12", "end": "00:40:15", "text": "if the price does something. Sometimes"}, {"start": "00:40:13", "end": "00:40:16", "text": "when I cut my hair, it moves sometimes."}, {"start": "00:40:15", "end": "00:40:19", "text": "It's been a few times for that. Let's"}, {"start": "00:40:16", "end": "00:40:19", "text": "see."}, {"start": "00:40:20", "end": "00:40:25", "text": "He has amazing hair. Exly also has"}, {"start": "00:40:22", "end": "00:40:28", "text": "amazing haircut. Correct. Correct."}, {"start": "00:40:25", "end": "00:40:31", "text": "Tom Le's hairstyle is a strange. Don't"}, {"start": "00:40:28", "end": "00:40:34", "text": "worry. Don't worry. Yep."}, {"start": "00:40:31", "end": "00:40:37", "text": "Okay."}, {"start": "00:40:34", "end": "00:40:40", "text": "Uh, what ETH price do we see? What ETH"}, {"start": "00:40:37", "end": "00:40:41", "text": "price do we see rotation to alts?"}, {"start": "00:40:40", "end": "00:40:43", "text": "Impossible to answer. What do you mean"}, {"start": "00:40:41", "end": "00:40:45", "text": "what ETH price? All alts are going to"}, {"start": "00:40:43", "end": "00:40:48", "text": "have their own bull trends. Alts are"}, {"start": "00:40:45", "end": "00:40:50", "text": "going to have their own bull trends. Uh,"}, {"start": "00:40:48", "end": "00:40:52", "text": "ETH rotation to alt. I mean, maybe you"}, {"start": "00:40:50", "end": "00:40:55", "text": "can see"}, {"start": "00:40:52", "end": "00:40:57", "text": "uh ETH uh let's see. Is there ETH"}, {"start": "00:40:55", "end": "00:41:03", "text": "dominance here?"}, {"start": "00:40:57", "end": "00:41:05", "text": "Let's see. A man. Yeah, it's uh"}, {"start": "00:41:03", "end": "00:41:08", "text": "we need ETH dominance but without like"}, {"start": "00:41:05", "end": "00:41:10", "text": "Bitcoin just versus other shitcoins. I I"}, {"start": "00:41:08", "end": "00:41:14", "text": "I'm not even sure the question makes"}, {"start": "00:41:10", "end": "00:41:17", "text": "sense to be fair because you I mean for"}, {"start": "00:41:14", "end": "00:41:19", "text": "you you ask if it's if it's like 2020"}, {"start": "00:41:17", "end": "00:41:21", "text": "you know that ETH is the main altcoin"}, {"start": "00:41:19", "end": "00:41:23", "text": "and then it's gonna money is going to"}, {"start": "00:41:21", "end": "00:41:25", "text": "rotate from ETH to altcoin. I mean ETH"}, {"start": "00:41:23", "end": "00:41:28", "text": "is not even the main altcoin like what"}, {"start": "00:41:25", "end": "00:41:30", "text": "so you have ETH because for for ETH to"}, {"start": "00:41:28", "end": "00:41:31", "text": "be the main alt from which everything"}, {"start": "00:41:30", "end": "00:41:33", "text": "rotates it needs to be that you know you"}, {"start": "00:41:31", "end": "00:41:37", "text": "sell ETH you go you go on unis swap you"}, {"start": "00:41:33", "end": "00:41:40", "text": "buy some other like Pepe or whatever but"}, {"start": "00:41:37", "end": "00:41:43", "text": "uh now because new coins are rarely on"}, {"start": "00:41:40", "end": "00:41:46", "text": "ETH you have now on Solana many on"}, {"start": "00:41:43", "end": "00:41:48", "text": "Solana so it's more maybe more correct"}, {"start": "00:41:46", "end": "00:41:51", "text": "question is at what point will Sana"}, {"start": "00:41:48", "end": "00:41:52", "text": "games rotate to all coins because you"}, {"start": "00:41:51", "end": "00:41:54", "text": "need the decks you need the decks A lot"}, {"start": "00:41:52", "end": "00:41:56", "text": "of this rotation happens on decks. You"}, {"start": "00:41:54", "end": "00:41:58", "text": "have Solana and then it rotates. And"}, {"start": "00:41:56", "end": "00:42:00", "text": "also that it's it's also kind of a myth,"}, {"start": "00:41:58", "end": "00:42:04", "text": "you know, that capital rotates."}, {"start": "00:42:00", "end": "00:42:07", "text": "Sometimes Shins pump before uh like if"}, {"start": "00:42:04", "end": "00:42:09", "text": "you look at last bull market the early"}, {"start": "00:42:07", "end": "00:42:11", "text": "days memes were part of it from the"}, {"start": "00:42:09", "end": "00:42:13", "text": "beginning. So it wasn't that you know"}, {"start": "00:42:11", "end": "00:42:15", "text": "you wait for ETH and then we have rotate"}, {"start": "00:42:13", "end": "00:42:17", "text": "and we wait for no I mean memes were"}, {"start": "00:42:15", "end": "00:42:21", "text": "going nuts already before that. Let's"}, {"start": "00:42:17", "end": "00:42:23", "text": "look. Do you guys remember with the"}, {"start": "00:42:21", "end": "00:42:25", "text": "monitoring system we had? We had Morales"}, {"start": "00:42:23", "end": "00:42:29", "text": "money back in the day for monitoring all"}, {"start": "00:42:25", "end": "00:42:31", "text": "of these mints of uh of memes. I mean, a"}, {"start": "00:42:29", "end": "00:42:37", "text": "lot of them came kind of early. Very"}, {"start": "00:42:31", "end": "00:42:40", "text": "very early. It wasn't even u Yeah,"}, {"start": "00:42:37", "end": "00:42:42", "text": "let's actually see here. So, Pepe, where"}, {"start": "00:42:40", "end": "00:42:44", "text": "is the earliest chart? Earliest earlier"}, {"start": "00:42:42", "end": "00:42:48", "text": "chart is this one. Let me have Pepe"}, {"start": "00:42:44", "end": "00:42:51", "text": "USDT. We get the early early early early"}, {"start": "00:42:48", "end": "00:42:55", "text": "May 2023. Maxi probably had it a bit"}, {"start": "00:42:51", "end": "00:42:59", "text": "earlier. April. Okay. Late April. Uh"}, {"start": "00:42:55", "end": "00:43:02", "text": "okay. So late April here we had Pepa"}, {"start": "00:42:59", "end": "00:43:05", "text": "already go parabolic. This was in 2023"}, {"start": "00:43:02", "end": "00:43:08", "text": "and then it went super parabolic in"}, {"start": "00:43:05", "end": "00:43:10", "text": "March 2024. Was that some kind of"}, {"start": "00:43:08", "end": "00:43:12", "text": "rotation?"}, {"start": "00:43:10", "end": "00:43:17", "text": "Let's see."}, {"start": "00:43:12", "end": "00:43:17", "text": "E here's the bare market. One second"}, {"start": "00:43:19", "end": "00:43:24", "text": "here bare market. So 2024"}, {"start": "00:43:26", "end": "00:43:33", "text": "I mean maybe you can say that actually"}, {"start": "00:43:28", "end": "00:43:36", "text": "the big parabolic in Pepe happened."}, {"start": "00:43:33", "end": "00:43:39", "text": "Okay you okay in this case it's it's"}, {"start": "00:43:36", "end": "00:43:42", "text": "kind of correct here it had the start to"}, {"start": "00:43:39", "end": "00:43:43", "text": "run and then Pepe came here. Okay. Okay."}, {"start": "00:43:42", "end": "00:43:45", "text": "Uh, so yeah, maybe it's gonna be like"}, {"start": "00:43:43", "end": "00:43:46", "text": "this. But, you know, for us it's too I"}, {"start": "00:43:45", "end": "00:43:48", "text": "don't know how to trade this. I don't"}, {"start": "00:43:46", "end": "00:43:50", "text": "know how to It could also be that"}, {"start": "00:43:48", "end": "00:43:51", "text": "nothing happens here and it was only"}, {"start": "00:43:50", "end": "00:43:54", "text": "Peppa. It wasn't like, you know,"}, {"start": "00:43:51", "end": "00:43:56", "text": "avalanche or the other stuff did as well"}, {"start": "00:43:54", "end": "00:43:59", "text": "as the meme coins. So, it's not my way"}, {"start": "00:43:56", "end": "00:44:01", "text": "of trading. It's not really how I do it."}, {"start": "00:43:59", "end": "00:44:04", "text": "If we see bull trend in other assets,"}, {"start": "00:44:01", "end": "00:44:05", "text": "fantastic. That's the signal where where"}, {"start": "00:44:04", "end": "00:44:07", "text": "the money comes from. It's too complex,"}, {"start": "00:44:05", "end": "00:44:09", "text": "man. No one knows that and it's too"}, {"start": "00:44:07", "end": "00:44:10", "text": "unreliable. Just look at the bull"}, {"start": "00:44:09", "end": "00:44:13", "text": "trends. That's it. That's it. That's it."}, {"start": "00:44:10", "end": "00:44:13", "text": "That's it."}, {"start": "00:44:13", "end": "00:44:18", "text": "gonna regret missing SanDisk. Don't"}, {"start": "00:44:15", "end": "00:44:19", "text": "regret any missing anything."}, {"start": "00:44:18", "end": "00:44:21", "text": "Don't regret missing anything because"}, {"start": "00:44:19", "end": "00:44:23", "text": "there's something else that pumps every"}, {"start": "00:44:21", "end": "00:44:26", "text": "day. Every day something else that"}, {"start": "00:44:23", "end": "00:44:28", "text": "pumps. So don't miss SanDisk. Don't"}, {"start": "00:44:26", "end": "00:44:30", "text": "don't uh you know be sad that you miss"}, {"start": "00:44:28", "end": "00:44:32", "text": "Sanisk."}, {"start": "00:44:30", "end": "00:44:34", "text": "Sandisk we covered in Bulmania many"}, {"start": "00:44:32", "end": "00:44:37", "text": "times. Uh fantastic fantastic bull"}, {"start": "00:44:34", "end": "00:44:40", "text": "trends. And this thing wants to open"}, {"start": "00:44:37", "end": "00:44:44", "text": "higher. Holy crap. wants to open higher,"}, {"start": "00:44:40", "end": "00:44:47", "text": "man. MU. Let's see. MU."}, {"start": "00:44:44", "end": "00:44:49", "text": "And the MU wants to open higher. Holy"}, {"start": "00:44:47", "end": "00:44:52", "text": "crap. Holy crap, guys. Yeah. I mean,"}, {"start": "00:44:49", "end": "00:44:54", "text": "Jason speaks about this all the time in"}, {"start": "00:44:52", "end": "00:44:56", "text": "in uh in his daily analysis. We have a"}, {"start": "00:44:54", "end": "00:44:58", "text": "Chinese quant called Jason. He's doing"}, {"start": "00:44:56", "end": "00:45:00", "text": "in Bulmania daily analysis. MU he's been"}, {"start": "00:44:58", "end": "00:45:02", "text": "speaking about a lot."}, {"start": "00:45:00", "end": "00:45:04", "text": "Yeah. But don't don't you know don't"}, {"start": "00:45:02", "end": "00:45:06", "text": "it's a parabola. It's a parabola. Let's"}, {"start": "00:45:04", "end": "00:45:07", "text": "see where it ends. Crypto is going to"}, {"start": "00:45:06", "end": "00:45:09", "text": "have the same parabas. Crypto is maybe"}, {"start": "00:45:07", "end": "00:45:12", "text": "even gonna have bigger problems when"}, {"start": "00:45:09", "end": "00:45:14", "text": "when it's time for crypto. So keep keep"}, {"start": "00:45:12", "end": "00:45:17", "text": "an eye on that. What's how is IOTA"}, {"start": "00:45:14", "end": "00:45:20", "text": "doing? IOTA"}, {"start": "00:45:17", "end": "00:45:24", "text": "if I'm to guess it doesn't do too well."}, {"start": "00:45:20", "end": "00:45:27", "text": "If I'm to Yeah. Yeah. Yeah."}, {"start": "00:45:24", "end": "00:45:29", "text": "Holy crap."}, {"start": "00:45:27", "end": "00:45:32", "text": "Oh, okay. Here the bag holders are"}, {"start": "00:45:29", "end": "00:45:33", "text": "historic also alltime low."}, {"start": "00:45:32", "end": "00:45:34", "text": "Guys, this is the problem with buying"}, {"start": "00:45:33", "end": "00:45:37", "text": "something cheap. It can become way"}, {"start": "00:45:34", "end": "00:45:39", "text": "cheaper. You don't touch things in a"}, {"start": "00:45:37", "end": "00:45:41", "text": "bare trend. It's a bare trend. Bare"}, {"start": "00:45:39", "end": "00:45:43", "text": "trend. Bare trend. It's bare trend since"}, {"start": "00:45:41", "end": "00:45:47", "text": "2024. Be careful, guys. Be careful. I"}, {"start": "00:45:43", "end": "00:45:47", "text": "mean, you see yourself."}, {"start": "00:45:47", "end": "00:45:51", "text": "And it had a bit of support. It broke"}, {"start": "00:45:49", "end": "00:45:57", "text": "support."}, {"start": "00:45:51", "end": "00:45:59", "text": "Two lows. The historic plebe is a fact"}, {"start": "00:45:57", "end": "00:46:02", "text": "because no one has held it lower."}, {"start": "00:45:59", "end": "00:46:04", "text": "Guinness World Record is a fact."}, {"start": "00:46:02", "end": "00:46:08", "text": "Ivan, I agree privacy would be the next"}, {"start": "00:46:04", "end": "00:46:10", "text": "art, but do you think but who do you"}, {"start": "00:46:08", "end": "00:46:13", "text": "think will most likely lead the rally?"}, {"start": "00:46:10", "end": "00:46:15", "text": "Zcash, Monero, Dash, or maybe something"}, {"start": "00:46:13", "end": "00:46:16", "text": "new. I mean, any of this, we don't know."}, {"start": "00:46:15", "end": "00:46:17", "text": "No one knows who's going to lead the"}, {"start": "00:46:16", "end": "00:46:19", "text": "rally. No one knows who's going to lead"}, {"start": "00:46:17", "end": "00:46:22", "text": "the rally. But you see, for example,"}, {"start": "00:46:19", "end": "00:46:24", "text": "that Zcash"}, {"start": "00:46:22", "end": "00:46:26", "text": "is bullish weekly. It's bullish daily."}, {"start": "00:46:24", "end": "00:46:27", "text": "It's bullish actually daily bearish, but"}, {"start": "00:46:26", "end": "00:46:31", "text": "weekly bullish. has been bullish on"}, {"start": "00:46:27", "end": "00:46:37", "text": "daily before this recent uh recent oopsy"}, {"start": "00:46:31", "end": "00:46:38", "text": "it had. Uh Monero Monero is bearish. So"}, {"start": "00:46:37", "end": "00:46:40", "text": "you know who's going to lead the rally?"}, {"start": "00:46:38", "end": "00:46:42", "text": "You see yourself like now Zash is"}, {"start": "00:46:40", "end": "00:46:44", "text": "leading the rally. Okay, Monero is"}, {"start": "00:46:42", "end": "00:46:45", "text": "bearish. No, I mean no one can tell you"}, {"start": "00:46:44", "end": "00:46:47", "text": "who's going to lead the rally like next"}, {"start": "00:46:45", "end": "00:46:49", "text": "year. It's impossible because it's not"}, {"start": "00:46:47", "end": "00:46:51", "text": "it's not based on tech. It's not based"}, {"start": "00:46:49", "end": "00:46:53", "text": "on anything you see publicly. It's based"}, {"start": "00:46:51", "end": "00:46:55", "text": "on what the teams how the teams are"}, {"start": "00:46:53", "end": "00:46:57", "text": "operating. What is their market maker?"}, {"start": "00:46:55", "end": "00:46:59", "text": "how they push uh who are the insiders,"}, {"start": "00:46:57", "end": "00:47:01", "text": "who decides to pump it to ignite the"}, {"start": "00:46:59", "end": "00:47:04", "text": "pump, etc., etc. So, I don't know who's"}, {"start": "00:47:01", "end": "00:47:05", "text": "going to uh who's going to lead it. I"}, {"start": "00:47:04", "end": "00:47:08", "text": "don't try to know either. Is Monero is"}, {"start": "00:47:05", "end": "00:47:11", "text": "in B trend. Zcash is in bullsh over"}, {"start": "00:47:08", "end": "00:47:13", "text": "complicated. Uh dash,"}, {"start": "00:47:11", "end": "00:47:16", "text": "why over complicate it? You make your"}, {"start": "00:47:13", "end": "00:47:18", "text": "life hard. Dash bren. So, that's it."}, {"start": "00:47:16", "end": "00:47:19", "text": "That's it. You see, I mean, you"}, {"start": "00:47:18", "end": "00:47:22", "text": "literally see it. You You see it. If"}, {"start": "00:47:19", "end": "00:47:25", "text": "it's grid, it's loing. If it's red, it's"}, {"start": "00:47:22", "end": "00:47:27", "text": "not losing. So that's it. Maybe it's"}, {"start": "00:47:25", "end": "00:47:29", "text": "going to change in the future. Maybe"}, {"start": "00:47:27", "end": "00:47:30", "text": "Monero is going to pump Z cash not. But"}, {"start": "00:47:29", "end": "00:47:32", "text": "I don't know who's going to be, you"}, {"start": "00:47:30", "end": "00:47:34", "text": "know, leading some kind of industry in"}, {"start": "00:47:32", "end": "00:47:36", "text": "uh in next year. And I don't try to"}, {"start": "00:47:34", "end": "00:47:38", "text": "guess. No one knows. No one can tell"}, {"start": "00:47:36", "end": "00:47:42", "text": "you. Anyone who says that they know they"}, {"start": "00:47:38", "end": "00:47:45", "text": "are scamming either themselves or you or"}, {"start": "00:47:42", "end": "00:47:48", "text": "both of you. Okay? I don't know who's"}, {"start": "00:47:45", "end": "00:47:50", "text": "going to lead."}, {"start": "00:47:48", "end": "00:47:51", "text": "And I don't have to know. I mean, that's"}, {"start": "00:47:50", "end": "00:47:54", "text": "the best with mechanical. You don't have"}, {"start": "00:47:51", "end": "00:47:58", "text": "to know. Just look at the trend. You get"}, {"start": "00:47:54", "end": "00:48:01", "text": "alerted in real time if you have"}, {"start": "00:47:58", "end": "00:48:04", "text": "uh the money scanner. I mean here you"}, {"start": "00:48:01", "end": "00:48:08", "text": "can set up alerts. So in real time you"}, {"start": "00:48:04", "end": "00:48:10", "text": "get alerted. Let's go to crypto. Uh for"}, {"start": "00:48:08", "end": "00:48:13", "text": "example, what you could do if you join"}, {"start": "00:48:10", "end": "00:48:15", "text": "Bulmania, you could add all of the"}, {"start": "00:48:13", "end": "00:48:16", "text": "private Let me zoom out. You can add all"}, {"start": "00:48:15", "end": "00:48:18", "text": "of the privacy coins to your watch list."}, {"start": "00:48:16", "end": "00:48:21", "text": "You just do it boop boop boop. You heart"}, {"start": "00:48:18", "end": "00:48:22", "text": "you add a heart on them. When you add a"}, {"start": "00:48:21", "end": "00:48:25", "text": "heart, it means that you're going to be"}, {"start": "00:48:22", "end": "00:48:27", "text": "notified in real time when they flip"}, {"start": "00:48:25", "end": "00:48:29", "text": "bullish or they flip bearish. You're"}, {"start": "00:48:27", "end": "00:48:31", "text": "going to be notified in real time. So"}, {"start": "00:48:29", "end": "00:48:32", "text": "this way you know you you follow your"}, {"start": "00:48:31", "end": "00:48:35", "text": "privacy and this way you know. Okay, now"}, {"start": "00:48:32", "end": "00:48:37", "text": "boop zcash bearish monero bullish. You"}, {"start": "00:48:35", "end": "00:48:38", "text": "know it in real time. So be humble. This"}, {"start": "00:48:37", "end": "00:48:40", "text": "what I mean be humble. People telling me"}, {"start": "00:48:38", "end": "00:48:42", "text": "Ivan you you you need to be more humble."}, {"start": "00:48:40", "end": "00:48:44", "text": "You take too much too much credit. Well"}, {"start": "00:48:42", "end": "00:48:46", "text": "we do take credit because otherwise play"}, {"start": "00:48:44", "end": "00:48:48", "text": "doesn't know who to listen to. They"}, {"start": "00:48:46", "end": "00:48:51", "text": "listen to ISM or something. But also,"}, {"start": "00:48:48", "end": "00:48:53", "text": "you see, my my strategy is based in"}, {"start": "00:48:51", "end": "00:48:54", "text": "humbleness because I don't know who's"}, {"start": "00:48:53", "end": "00:48:56", "text": "going to be. I don't know. I'm not Baba"}, {"start": "00:48:54", "end": "00:48:58", "text": "Wanga. I don't run the market. I just"}, {"start": "00:48:56", "end": "00:49:00", "text": "see what's bullish or bearish in real"}, {"start": "00:48:58", "end": "00:49:02", "text": "time. And that's the best. So, I'm very"}, {"start": "00:49:00", "end": "00:49:04", "text": "humble. Very humble. Probably the most."}, {"start": "00:49:02", "end": "00:49:05", "text": "If you look at everyone in this market,"}, {"start": "00:49:04", "end": "00:49:07", "text": "I'm the most humble because everyone"}, {"start": "00:49:05", "end": "00:49:09", "text": "else they tell you, I know, I know, I"}, {"start": "00:49:07", "end": "00:49:12", "text": "know macro, they call themselves macro"}, {"start": "00:49:09", "end": "00:49:14", "text": "investor. If you see someone on Twitter"}, {"start": "00:49:12", "end": "00:49:16", "text": "and they have macro investor in their"}, {"start": "00:49:14", "end": "00:49:18", "text": "bio, run."}, {"start": "00:49:16", "end": "00:49:21", "text": "Micro investor means that they can say"}, {"start": "00:49:18", "end": "00:49:23", "text": "anything, any BS, macro this, macro"}, {"start": "00:49:21", "end": "00:49:25", "text": "that. There's a million macro charts."}, {"start": "00:49:23", "end": "00:49:26", "text": "You can look at it at this chart or you"}, {"start": "00:49:25", "end": "00:49:27", "text": "can look at another chart. And this"}, {"start": "00:49:26", "end": "00:49:30", "text": "chart says bullish, the other chart says"}, {"start": "00:49:27", "end": "00:49:32", "text": "bearish. And this chart says bullish and"}, {"start": "00:49:30", "end": "00:49:37", "text": "and the market became bullish. It just"}, {"start": "00:49:32", "end": "00:49:40", "text": "became bullish two years later. Okay?"}, {"start": "00:49:37", "end": "00:49:44", "text": "Like the ISM ISM said bullish in"}, {"start": "00:49:40", "end": "00:49:46", "text": "October. Your coins went down 90%. ISM,"}, {"start": "00:49:44", "end": "00:49:50", "text": "business cycle, all of that was bullish"}, {"start": "00:49:46", "end": "00:49:52", "text": "in October. Okay, at some point business"}, {"start": "00:49:50", "end": "00:49:53", "text": "cycle is going to be bullish and market"}, {"start": "00:49:52", "end": "00:49:55", "text": "is going to pump. So, they got to tell"}, {"start": "00:49:53", "end": "00:49:57", "text": "you they've been correct. It's just that"}, {"start": "00:49:55", "end": "00:49:59", "text": "you're down 90%. But yeah, I mean ISM"}, {"start": "00:49:57", "end": "00:50:02", "text": "was correct. I mean, it was just two"}, {"start": "00:49:59", "end": "00:50:05", "text": "years later. You got to be humble, guys."}, {"start": "00:50:02", "end": "00:50:06", "text": "If you say anyone micro investor and"}, {"start": "00:50:05", "end": "00:50:09", "text": "they sell some kind of substack or"}, {"start": "00:50:06", "end": "00:50:12", "text": "whatever, run run run run run. Actually,"}, {"start": "00:50:09", "end": "00:50:14", "text": "we I will add it to Bulmania as a thing"}, {"start": "00:50:12", "end": "00:50:16", "text": "because in Bulmania we I I explain the"}, {"start": "00:50:14", "end": "00:50:19", "text": "how the markets work in in detail like"}, {"start": "00:50:16", "end": "00:50:20", "text": "in in micro micro detail. It's a it's a"}, {"start": "00:50:19", "end": "00:50:22", "text": "quite an extensive course about the"}, {"start": "00:50:20", "end": "00:50:23", "text": "market psychology and all of that. I"}, {"start": "00:50:22", "end": "00:50:29", "text": "actually need to add a lecture if you"}, {"start": "00:50:23", "end": "00:50:29", "text": "see someone that writes macro investor."}, {"start": "00:50:33", "end": "00:50:37", "text": "Yeah. Anyway, so that's that."}, {"start": "00:50:37", "end": "00:50:43", "text": "Uh Ivan, did you know how you can go"}, {"start": "00:50:40", "end": "00:50:45", "text": "from bank account to MetaMask? Oh, don't"}, {"start": "00:50:43", "end": "00:50:47", "text": "don't don't mention guys. I mean,"}, {"start": "00:50:45", "end": "00:50:49", "text": "listen, big shoutout to you, but this um"}, {"start": "00:50:47", "end": "00:50:52", "text": "you know, we we we don't we don't"}, {"start": "00:50:49", "end": "00:50:54", "text": "engage, you know, RIP Pito, good luck to"}, {"start": "00:50:52", "end": "00:50:55", "text": "you. I mean, it's"}, {"start": "00:50:54", "end": "00:50:58", "text": "don't don't promote your stuff here."}, {"start": "00:50:55", "end": "00:50:59", "text": "Don't promote your stuff. It's um I was"}, {"start": "00:50:58", "end": "00:51:01", "text": "thinking like, should I tweet that you"}, {"start": "00:50:59", "end": "00:51:03", "text": "guys have a new alltime low or not? But"}, {"start": "00:51:01", "end": "00:51:05", "text": "I think we'll move on, man. We'll we'll"}, {"start": "00:51:03", "end": "00:51:07", "text": "move on. We move on. It's for you guys."}, {"start": "00:51:05", "end": "00:51:09", "text": "Fitoito, you go to your messiah. Maybe"}, {"start": "00:51:07", "end": "00:51:13", "text": "he's going to pump you this not. We move"}, {"start": "00:51:09", "end": "00:51:13", "text": "on. We move on. We move on."}, {"start": "00:51:14", "end": "00:51:20", "text": "Okay, let's go. Let's go. Questions"}, {"start": "00:51:16", "end": "00:51:20", "text": "answer the base."}, {"start": "00:51:21", "end": "00:51:30", "text": "Can dev do something? Needs solid 30 sol"}, {"start": "00:51:26", "end": "00:51:32", "text": "if Bitcoin has that visit to uh I mean"}, {"start": "00:51:30", "end": "00:51:34", "text": "guys actually solid thirsty people say"}, {"start": "00:51:32", "end": "00:51:36", "text": "Ivan it's unrealistic."}, {"start": "00:51:34", "end": "00:51:38", "text": "I think we're I mean from this from last"}, {"start": "00:51:36", "end": "00:51:41", "text": "week from two weeks ago we're halfway"}, {"start": "00:51:38", "end": "00:51:44", "text": "there because if you think about it we"}, {"start": "00:51:41", "end": "00:51:46", "text": "were here at like a 100 you know a few"}, {"start": "00:51:44", "end": "00:51:48", "text": "weeks ago if you draw where we are now"}, {"start": "00:51:46", "end": "00:51:51", "text": "we just need another similar dump and"}, {"start": "00:51:48", "end": "00:51:54", "text": "then you have solar 36 which is I mean"}, {"start": "00:51:51", "end": "00:51:57", "text": "listen so at 36 it's at 30 it starts"}, {"start": "00:51:54", "end": "00:52:00", "text": "with three so I would be applying for"}, {"start": "00:51:57", "end": "00:52:02", "text": "Nobel Prize in economic or at 36 if it"}, {"start": "00:52:00", "end": "00:52:05", "text": "starts with three it's at 30 okay it's"}, {"start": "00:52:02", "end": "00:52:07", "text": "30 it's 30 So, we just need another fall"}, {"start": "00:52:05", "end": "00:52:10", "text": "like during the last few weeks here. Uh,"}, {"start": "00:52:07", "end": "00:52:13", "text": "can it happen? I think it's happen."}, {"start": "00:52:10", "end": "00:52:15", "text": "Solana bag holders, we're coming for"}, {"start": "00:52:13", "end": "00:52:17", "text": "you. If Bitcoin dumps, it's very likely."}, {"start": "00:52:15", "end": "00:52:19", "text": "It's very likely. Now, if we're wrong,"}, {"start": "00:52:17", "end": "00:52:21", "text": "okay, don't worry. Don't worry. It goes"}, {"start": "00:52:19", "end": "00:52:24", "text": "bullish, we're bullish. We're going to"}, {"start": "00:52:21", "end": "00:52:26", "text": "go from saying Sana to 30 to Sana to"}, {"start": "00:52:24", "end": "00:52:28", "text": "200. If if we go bull trend on the"}, {"start": "00:52:26", "end": "00:52:30", "text": "weekly, man, I'm I'm bullish for Salana."}, {"start": "00:52:28", "end": "00:52:34", "text": "But now it's bearish and we just need a"}, {"start": "00:52:30", "end": "00:52:35", "text": "similar fall here for us to be I mean"}, {"start": "00:52:34", "end": "00:52:37", "text": "this call because we called it back in"}, {"start": "00:52:35", "end": "00:52:40", "text": "January. We said it's going to go to 30"}, {"start": "00:52:37", "end": "00:52:42", "text": "with highest likelihood. Okay, again"}, {"start": "00:52:40", "end": "00:52:43", "text": "likelihood doesn't mean guarantee. Don't"}, {"start": "00:52:42", "end": "00:52:44", "text": "attack me. You know if it doesn't"}, {"start": "00:52:43", "end": "00:52:47", "text": "happen, we go bull. Okay, relax. All"}, {"start": "00:52:44", "end": "00:52:49", "text": "markets are no guarantee. Sorry to burst"}, {"start": "00:52:47", "end": "00:52:51", "text": "your bubble. No markets are guaranteed."}, {"start": "00:52:49", "end": "00:52:52", "text": "So any thesis is a thesis and you have"}, {"start": "00:52:51", "end": "00:52:55", "text": "to change your mind if you're wrong. So"}, {"start": "00:52:52", "end": "00:52:56", "text": "if we're wrong at bullish"}, {"start": "00:52:55", "end": "00:52:58", "text": "bullish, we're bullish. Now it's"}, {"start": "00:52:56", "end": "00:53:01", "text": "bearish."}, {"start": "00:52:58", "end": "00:53:02", "text": "So, uh, yeah, let's see. It's fantastic"}, {"start": "00:53:01", "end": "00:53:06", "text": "here. Let's see if we can get another"}, {"start": "00:53:02", "end": "00:53:09", "text": "sach leg down. It would be very nice."}, {"start": "00:53:06", "end": "00:53:12", "text": "Very nice. Oh, yeah."}, {"start": "00:53:09", "end": "00:53:14", "text": "Just make sure you hold a good bag of"}, {"start": "00:53:12", "end": "00:53:17", "text": "Bcash. What's happening with Bcash?"}, {"start": "00:53:14", "end": "00:53:21", "text": "Bcash."}, {"start": "00:53:17", "end": "00:53:24", "text": "I I didn't check Bcash in a long time."}, {"start": "00:53:21", "end": "00:53:27", "text": "Bitcoin cash. I mean, it still has some"}, {"start": "00:53:24", "end": "00:53:31", "text": "believers. Still has some believers."}, {"start": "00:53:27", "end": "00:53:37", "text": "Some people still believe in this. Uh"}, {"start": "00:53:31", "end": "00:53:37", "text": "oh. Oh, guys. Holy crap."}, {"start": "00:53:38", "end": "00:53:45", "text": "Oh. Oh."}, {"start": "00:53:41", "end": "00:53:47", "text": "You got to be careful here. Oh."}, {"start": "00:53:45", "end": "00:53:49", "text": "Falling knife like there's no tomorrow."}, {"start": "00:53:47", "end": "00:53:50", "text": "Falling knife like no tomorrow. So yeah,"}, {"start": "00:53:49", "end": "00:53:52", "text": "wait for bull trend. Even if you're a"}, {"start": "00:53:50", "end": "00:53:54", "text": "believer, why lose money when you can"}, {"start": "00:53:52", "end": "00:53:55", "text": "wait for bull trend? At least on the"}, {"start": "00:53:54", "end": "00:53:58", "text": "daily. See the daily bull trend is quite"}, {"start": "00:53:55", "end": "00:54:01", "text": "close at 220"}, {"start": "00:53:58", "end": "00:54:01", "text": "sorry 263."}, {"start": "00:54:01", "end": "00:54:09", "text": "Oh yeah I mean you see bare market"}, {"start": "00:54:04", "end": "00:54:09", "text": "altcoins no mercy. No mercy no mercy."}, {"start": "00:54:09", "end": "00:54:13", "text": "What do you think about ono? Let's check"}, {"start": "00:54:11", "end": "00:54:15", "text": "on"}, {"start": "00:54:13", "end": "00:54:18", "text": "USD. What's happen? Let's check USD"}, {"start": "00:54:15", "end": "00:54:19", "text": "actually. So we see a longer chart."}, {"start": "00:54:18", "end": "00:54:21", "text": "Okay. Ono. Ono. Let's see. Let's see."}, {"start": "00:54:19", "end": "00:54:25", "text": "Let's see. Let's see. Let's see. Oh"}, {"start": "00:54:21", "end": "00:54:27", "text": "yeah. This one. Okay. Okay. Okay."}, {"start": "00:54:25", "end": "00:54:29", "text": "I mean it's bull trend and has big"}, {"start": "00:54:27", "end": "00:54:31", "text": "volume potentially market maker"}, {"start": "00:54:29", "end": "00:54:36", "text": "accumulating"}, {"start": "00:54:31", "end": "00:54:37", "text": "preparing to drive the price up."}, {"start": "00:54:36", "end": "00:54:39", "text": "Yeah, I mean not too bad. I mean again"}, {"start": "00:54:37", "end": "00:54:40", "text": "it's all probabilistic meaning that"}, {"start": "00:54:39", "end": "00:54:42", "text": "could easily just go down into bare"}, {"start": "00:54:40", "end": "00:54:44", "text": "trend. So you have to set a stop loss."}, {"start": "00:54:42", "end": "00:54:46", "text": "Be be careful. You need to set a stop"}, {"start": "00:54:44", "end": "00:54:48", "text": "loss guys here because if Bitcoin goes"}, {"start": "00:54:46", "end": "00:54:51", "text": "down like this thing likely go down"}, {"start": "00:54:48", "end": "00:54:53", "text": "also. But overall it's bull trend. It's"}, {"start": "00:54:51", "end": "00:54:57", "text": "keeping the consolidation. It has"}, {"start": "00:54:53", "end": "00:55:02", "text": "volume. Um, not bad. I mean, not bad."}, {"start": "00:54:57", "end": "00:55:05", "text": "Not bad. Uh, not bad. Let's check daily."}, {"start": "00:55:02", "end": "00:55:10", "text": "Daily clinging in there. Hanging in"}, {"start": "00:55:05", "end": "00:55:10", "text": "there in the bull trend. Big volume."}, {"start": "00:55:10", "end": "00:55:14", "text": "I mean, they definitely a lot of coins"}, {"start": "00:55:13", "end": "00:55:15", "text": "changing hands here. A lot of coins"}, {"start": "00:55:14", "end": "00:55:18", "text": "changing hands. So, someone is"}, {"start": "00:55:15", "end": "00:55:20", "text": "accumulating like uh"}, {"start": "00:55:18", "end": "00:55:23", "text": "you see they they they accumulate then"}, {"start": "00:55:20", "end": "00:55:24", "text": "they relax. They accumulate, then they"}, {"start": "00:55:23", "end": "00:55:28", "text": "relax, so it doesn't go up too much."}, {"start": "00:55:24", "end": "00:55:30", "text": "They accumulate. I I mean, you see these"}, {"start": "00:55:28", "end": "00:55:33", "text": "candles,"}, {"start": "00:55:30", "end": "00:55:35", "text": "volume candles, volume uh yeah, volume"}, {"start": "00:55:33", "end": "00:55:37", "text": "bars."}, {"start": "00:55:35", "end": "00:55:39", "text": "They accumulate a lot, but they don't"}, {"start": "00:55:37", "end": "00:55:40", "text": "drive the price high. So, yeah,"}, {"start": "00:55:39", "end": "00:55:42", "text": "something interesting happening here."}, {"start": "00:55:40", "end": "00:55:46", "text": "Keep an eye, keep an eye, bull trend."}, {"start": "00:55:42", "end": "00:55:46", "text": "Fantastic. Uh"}, {"start": "00:55:48", "end": "00:55:52", "text": "but yeah, on the brink to to go bare but"}, {"start": "00:55:51", "end": "00:55:54", "text": "there there is a bit of volume support."}, {"start": "00:55:52", "end": "00:55:56", "text": "Let's see what's going to happen. But"}, {"start": "00:55:54", "end": "00:55:59", "text": "overall looks quite good. Quite good to"}, {"start": "00:55:56", "end": "00:56:01", "text": "be early. But you have to man h have"}, {"start": "00:55:59", "end": "00:56:03", "text": "have stop loss here. Have stop loss"}, {"start": "00:56:01", "end": "00:56:04", "text": "because this thing can flash down. This"}, {"start": "00:56:03", "end": "00:56:06", "text": "can flashes down. A bubble pops. This"}, {"start": "00:56:04", "end": "00:56:08", "text": "thing is going to flush like there's no"}, {"start": "00:56:06", "end": "00:56:10", "text": "tomorrow. It's going to flush so much"}, {"start": "00:56:08", "end": "00:56:14", "text": "your port your net worth is going to go"}, {"start": "00:56:10", "end": "00:56:14", "text": "to zero if you trust it too much. Okay."}, {"start": "00:56:17", "end": "00:56:21", "text": "Ivan is consistent in his message. Yeah,"}, {"start": "00:56:19", "end": "00:56:24", "text": "I 100%."}, {"start": "00:56:21", "end": "00:56:25", "text": "Mechanical rules,"}, {"start": "00:56:24", "end": "00:56:29", "text": "money scanner, money. I mean, we're"}, {"start": "00:56:25", "end": "00:56:32", "text": "super consistent."}, {"start": "00:56:29", "end": "00:56:33", "text": "You're still holding Pango. Pango 100. I"}, {"start": "00:56:32", "end": "00:56:37", "text": "mean, with the one I got for free from"}, {"start": "00:56:33", "end": "00:56:38", "text": "the airdrop, I'm holding it because uh"}, {"start": "00:56:37", "end": "00:56:40", "text": "I'm I'm I'm not legiting. That's a"}, {"start": "00:56:38", "end": "00:56:43", "text": "disrespect to the team that gave me free"}, {"start": "00:56:40", "end": "00:56:45", "text": "Pango. But from a trading perspective,"}, {"start": "00:56:43", "end": "00:56:47", "text": "so the one the one that I got for free,"}, {"start": "00:56:45", "end": "00:56:50", "text": "it's u I don't see it as part of the"}, {"start": "00:56:47", "end": "00:56:53", "text": "strategy. Uh overall, Pango is bare and"}, {"start": "00:56:50", "end": "00:56:55", "text": "is the same analysis applying to it. So"}, {"start": "00:56:53", "end": "00:56:58", "text": "uh Bango, we were bullish when it was"}, {"start": "00:56:55", "end": "00:57:00", "text": "bull. I mean here we were bullish here."}, {"start": "00:56:58", "end": "00:57:01", "text": "We're bullish here when it was going up."}, {"start": "00:57:00", "end": "00:57:03", "text": "Okay, we were bullish here when it was"}, {"start": "00:57:01", "end": "00:57:05", "text": "going up. When it starts to go down,"}, {"start": "00:57:03", "end": "00:57:07", "text": "we're not bullish here. Okay, just like"}, {"start": "00:57:05", "end": "00:57:09", "text": "like with anything."}, {"start": "00:57:07", "end": "00:57:13", "text": "So we're bullish when things are bullish"}, {"start": "00:57:09", "end": "00:57:15", "text": "on the trend and then we're bearish. I"}, {"start": "00:57:13", "end": "00:57:18", "text": "mean super simple, super simple. Um when"}, {"start": "00:57:15", "end": "00:57:20", "text": "the trend has shifted, we change we"}, {"start": "00:57:18", "end": "00:57:22", "text": "change you can I mean that that's the"}, {"start": "00:57:20", "end": "00:57:23", "text": "whole definition of being in crypto. You"}, {"start": "00:57:22", "end": "00:57:25", "text": "have to be bullish in the bull. You have"}, {"start": "00:57:23", "end": "00:57:28", "text": "to be bearish in the bear. So from that"}, {"start": "00:57:25", "end": "00:57:30", "text": "perspective, Pango is is not different."}, {"start": "00:57:28", "end": "00:57:32", "text": "So from a trading perspective, it's uh"}, {"start": "00:57:30", "end": "00:57:34", "text": "is bare. So you got to stay out when"}, {"start": "00:57:32", "end": "00:57:36", "text": "it's bare."}, {"start": "00:57:34", "end": "00:57:38", "text": "But because I got airdrop, because I"}, {"start": "00:57:36", "end": "00:57:40", "text": "know the team, the airdrop part, I'm not"}, {"start": "00:57:38", "end": "00:57:43", "text": "going to dump it. I'm not going to dump"}, {"start": "00:57:40", "end": "00:57:44", "text": "it. And I like Luca. I think Luca is"}, {"start": "00:57:43", "end": "00:57:46", "text": "going to come back in a big big way."}, {"start": "00:57:44", "end": "00:57:48", "text": "Let's see what's going to happen. But"}, {"start": "00:57:46", "end": "00:57:50", "text": "you just need to trust the price. The"}, {"start": "00:57:48", "end": "00:57:52", "text": "price now is not telling you that it's"}, {"start": "00:57:50", "end": "00:57:54", "text": "coming back. It needs to go to bull"}, {"start": "00:57:52", "end": "00:57:56", "text": "trend. That's it. And when it's bull"}, {"start": "00:57:54", "end": "00:57:58", "text": "trend, we may see something like this"}, {"start": "00:57:56", "end": "00:58:00", "text": "again. But again, bullish in the bull,"}, {"start": "00:57:58", "end": "00:58:02", "text": "bearish in the bear. Simple. Simple. But"}, {"start": "00:58:00", "end": "00:58:04", "text": "I mean for some people they they they"}, {"start": "00:58:02", "end": "00:58:06", "text": "don't like when you're bullish in the"}, {"start": "00:58:04", "end": "00:58:08", "text": "bull, you're bearish in the bear. They"}, {"start": "00:58:06", "end": "00:58:10", "text": "want to Some people want me to be"}, {"start": "00:58:08", "end": "00:58:12", "text": "bullish in the bull and then go down"}, {"start": "00:58:10", "end": "00:58:14", "text": "with them minus 99% in the bear. We're"}, {"start": "00:58:12", "end": "00:58:16", "text": "not doing it, I guess. I mean it's we"}, {"start": "00:58:14", "end": "00:58:18", "text": "are professional traders. We we we take"}, {"start": "00:58:16", "end": "00:58:20", "text": "this very seriously. Our job is to be"}, {"start": "00:58:18", "end": "00:58:22", "text": "part of the bull, not part of the bear"}, {"start": "00:58:20", "end": "00:58:24", "text": "or short the bear. Now if you are in"}, {"start": "00:58:22", "end": "00:58:25", "text": "bulmania, you know it's short season now"}, {"start": "00:58:24", "end": "00:58:27", "text": "because Bitcoin is bearish on daily and"}, {"start": "00:58:25", "end": "00:58:29", "text": "weekly. So it's short season now. Short"}, {"start": "00:58:27", "end": "00:58:32", "text": "season has been opening since um yeah"}, {"start": "00:58:29", "end": "00:58:36", "text": "like last week it opened."}, {"start": "00:58:32", "end": "00:58:37", "text": "So simple guys simple in markets if you"}, {"start": "00:58:36", "end": "00:58:38", "text": "cannot adjust you're going to be cooked."}, {"start": "00:58:37", "end": "00:58:41", "text": "You're going to be cooked very much"}, {"start": "00:58:38", "end": "00:58:44", "text": "guys. We're uh right below 1 hour. Let's"}, {"start": "00:58:41", "end": "00:58:45", "text": "not make it uh above 1 hour. Thanks a"}, {"start": "00:58:44", "end": "00:58:47", "text": "lot for being here. Big shout out to"}, {"start": "00:58:45", "end": "00:58:50", "text": "Guzman. Smash the like. Subscribe. See"}, {"start": "00:58:47", "end": "00:58:52", "text": "you all tomorrow. Same time same uh same"}, {"start": "00:58:50", "end": "00:58:54", "text": "place. Same same place maybe. Same time."}, {"start": "00:58:52", "end": "00:58:56", "text": "Let's see on this channel. Subscribe to"}, {"start": "00:58:54", "end": "00:58:58", "text": "the channel if you're not part of"}, {"start": "00:58:56", "end": "00:58:59", "text": "Bullmania currently. No way to join, but"}, {"start": "00:58:58", "end": "00:59:01", "text": "you can join the wait list because we're"}, {"start": "00:58:59", "end": "00:59:03", "text": "now at full capacity. The amount of new"}, {"start": "00:59:01", "end": "00:59:04", "text": "traders that are joining us, new people"}, {"start": "00:59:03", "end": "00:59:06", "text": "that want to, it's crazy, guys. It's"}, {"start": "00:59:04", "end": "00:59:08", "text": "crazy. Finally, I mean, I feel but it's"}, {"start": "00:59:06", "end": "00:59:10", "text": "good. Like, in one way, I want to allow"}, {"start": "00:59:08", "end": "00:59:12", "text": "everyone at the same time I feel that it"}, {"start": "00:59:10", "end": "00:59:15", "text": "means that our message is working"}, {"start": "00:59:12", "end": "00:59:16", "text": "because when I was saying in October,"}, {"start": "00:59:15", "end": "00:59:19", "text": "we're bearish. People say, \"Oh, no, no,"}, {"start": "00:59:16", "end": "00:59:23", "text": "Ivan, I know better.\" Listen, what you"}, {"start": "00:59:19", "end": "00:59:26", "text": "KNOW BETTER? OH, NO. I said what? what"}, {"start": "00:59:23", "end": "00:59:28", "text": "you now people see the light. Finally,"}, {"start": "00:59:26", "end": "00:59:30", "text": "our message about the mechanical rules,"}, {"start": "00:59:28", "end": "00:59:32", "text": "gospel of bullmania"}, {"start": "00:59:30", "end": "00:59:34", "text": "is going worldwide. It's going world."}, {"start": "00:59:32", "end": "00:59:36", "text": "That's fantastic. So, thanks everyone"}, {"start": "00:59:34", "end": "00:59:38", "text": "for support. See you all tomorrow. Have"}, {"start": "00:59:36", "end": "00:59:38", "text": "a good day. Bisha to"}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Oh yes yes yes. Guys, welcome to another"}, {"start": "00:00:02", "end": "00:00:06", "text": "episode. As is right now, Bitcoin did"}, {"start": "00:00:04", "end": "00:00:08", "text": "something crazy over the weekend. Went"}, {"start": "00:00:06", "end": "00:00:10", "text": "all the way to 59. Then we actually"}, {"start": "00:00:08", "end": "00:00:12", "text": "found support at the 200E moving"}, {"start": "00:00:10", "end": "00:00:14", "text": "average. And the question everyone has"}, {"start": "00:00:12", "end": "00:00:17", "text": "is what will Bitcoin do now? Will we"}, {"start": "00:00:14", "end": "00:00:19", "text": "have a nice bounce here at the 200E"}, {"start": "00:00:17", "end": "00:00:21", "text": "moving average or are we going to"}, {"start": "00:00:19", "end": "00:00:23", "text": "collapse and have another leg down?"}, {"start": "00:00:21", "end": "00:00:25", "text": "Let's discuss because now we're entering"}, {"start": "00:00:23", "end": "00:00:28", "text": "a very interesting part of the journey"}, {"start": "00:00:25", "end": "00:00:30", "text": "here in this bare market. I believe that"}, {"start": "00:00:28", "end": "00:00:33", "text": "we are somewhere here. If you compare to"}, {"start": "00:00:30", "end": "00:00:35", "text": "the last bare market, we are somewhere"}, {"start": "00:00:33", "end": "00:00:38", "text": "here. And the reason I say that is"}, {"start": "00:00:35", "end": "00:00:41", "text": "because my number one my number one tool"}, {"start": "00:00:38", "end": "00:00:43", "text": "to see Bitcoin fair price is the 200"}, {"start": "00:00:41", "end": "00:00:44", "text": "week moving average. Ever since October"}, {"start": "00:00:43", "end": "00:00:46", "text": "8th when we went through riskoff, we"}, {"start": "00:00:44", "end": "00:00:48", "text": "said, listen, we're going to bare trend."}, {"start": "00:00:46", "end": "00:00:51", "text": "But should we get into the buy zone,"}, {"start": "00:00:48", "end": "00:00:53", "text": "this green box right here, and even if"}, {"start": "00:00:51", "end": "00:00:56", "text": "we're still in the bare trend, but we"}, {"start": "00:00:53", "end": "00:00:57", "text": "are in the green zone, Bitcoin is cheap."}, {"start": "00:00:56", "end": "00:00:59", "text": "This is very important and very urgent"}, {"start": "00:00:57", "end": "00:01:01", "text": "for everyone to understand that Bitcoin"}, {"start": "00:00:59", "end": "00:01:03", "text": "around the 200E moving average"}, {"start": "00:01:01", "end": "00:01:06", "text": "especially when it went below it is"}, {"start": "00:01:03", "end": "00:01:09", "text": "cheap. Okay, this is cheap and the"}, {"start": "00:01:06", "end": "00:01:11", "text": "chances are that we still go lower. I"}, {"start": "00:01:09", "end": "00:01:13", "text": "mean in this last uh bare market how"}, {"start": "00:01:11", "end": "00:01:15", "text": "much lower we went? We went here and"}, {"start": "00:01:13", "end": "00:01:17", "text": "then it was like 30% lower. But it's"}, {"start": "00:01:15", "end": "00:01:20", "text": "okay because longterm it's still the"}, {"start": "00:01:17", "end": "00:01:22", "text": "best riskreward to get around the 200E"}, {"start": "00:01:20", "end": "00:01:23", "text": "moving average where you don't even have"}, {"start": "00:01:22", "end": "00:01:24", "text": "to think. You don't have to have all"}, {"start": "00:01:23", "end": "00:01:27", "text": "kinds of different strategies. 200 week"}, {"start": "00:01:24", "end": "00:01:30", "text": "moving average. That's it. Now the"}, {"start": "00:01:27", "end": "00:01:33", "text": "ultimate signal of the bull will be once"}, {"start": "00:01:30", "end": "00:01:35", "text": "we go into bull trend on the money line."}, {"start": "00:01:33", "end": "00:01:37", "text": "The importance of it is that this"}, {"start": "00:01:35", "end": "00:01:39", "text": "basically means that it is imminent like"}, {"start": "00:01:37", "end": "00:01:42", "text": "in the immediate shortterm future we"}, {"start": "00:01:39", "end": "00:01:43", "text": "will likely have a big fat pump. That's"}, {"start": "00:01:42", "end": "00:01:45", "text": "what that bull trend is going to tell"}, {"start": "00:01:43", "end": "00:01:48", "text": "us. Because here you remember we went"}, {"start": "00:01:45", "end": "00:01:50", "text": "into we we touched the 200 week moving"}, {"start": "00:01:48", "end": "00:01:53", "text": "average here in June but it still took"}, {"start": "00:01:50", "end": "00:01:54", "text": "six months for us to go into bull trend"}, {"start": "00:01:53", "end": "00:01:57", "text": "on the money line. So you could argue"}, {"start": "00:01:54", "end": "00:01:58", "text": "that here the money was just uh"}, {"start": "00:01:57", "end": "00:02:00", "text": "sleeping. It wasn't working for you."}, {"start": "00:01:58", "end": "00:02:01", "text": "Instead of putting it into stocks,"}, {"start": "00:02:00", "end": "00:02:04", "text": "instead of putting it into other assets,"}, {"start": "00:02:01", "end": "00:02:06", "text": "it was just sleeping. But once the money"}, {"start": "00:02:04", "end": "00:02:09", "text": "line turned bullish, that's when you got"}, {"start": "00:02:06", "end": "00:02:11", "text": "instant Valhalla. Okay, very important."}, {"start": "00:02:09", "end": "00:02:13", "text": "So if you want to optimize your money,"}, {"start": "00:02:11", "end": "00:02:15", "text": "how much the money is working for you,"}, {"start": "00:02:13", "end": "00:02:18", "text": "then wait for the bull flip on the money"}, {"start": "00:02:15", "end": "00:02:20", "text": "line. The money line now is uh is going"}, {"start": "00:02:18", "end": "00:02:22", "text": "down in terms of when it flip bullish."}, {"start": "00:02:20", "end": "00:02:24", "text": "Last week it it was at 91, now it is at"}, {"start": "00:02:22", "end": "00:02:27", "text": "88. the coming weeks is likely going to"}, {"start": "00:02:24", "end": "00:02:30", "text": "drop even more. So if you want the most"}, {"start": "00:02:27", "end": "00:02:32", "text": "capital efficient way of trading the"}, {"start": "00:02:30", "end": "00:02:35", "text": "next bull, then wait for the money line"}, {"start": "00:02:32", "end": "00:02:37", "text": "to turn bull because then likelihood of"}, {"start": "00:02:35", "end": "00:02:38", "text": "instant Valhalla is very very high. You"}, {"start": "00:02:37", "end": "00:02:41", "text": "have your instant coffee, boop, it's"}, {"start": "00:02:38", "end": "00:02:43", "text": "ready. Just a bit of water, it's ready."}, {"start": "00:02:41", "end": "00:02:45", "text": "The same thing with instant Valhalla."}, {"start": "00:02:43", "end": "00:02:46", "text": "That's when you that's when we go bull"}, {"start": "00:02:45", "end": "00:02:49", "text": "on the mine line. But if you're more of"}, {"start": "00:02:46", "end": "00:02:51", "text": "a long-term, you know, you don't care"}, {"start": "00:02:49", "end": "00:02:54", "text": "that maybe you lose half a year here"}, {"start": "00:02:51", "end": "00:02:55", "text": "derping around below or at 200 week"}, {"start": "00:02:54", "end": "00:02:57", "text": "moving average, then I can tell you that"}, {"start": "00:02:55", "end": "00:02:58", "text": "now Bitcoin is cheap already. It depends"}, {"start": "00:02:57", "end": "00:03:01", "text": "on which person you are. I mean many"}, {"start": "00:02:58", "end": "00:03:02", "text": "people they want maximum exposure to all"}, {"start": "00:03:01", "end": "00:03:04", "text": "kinds of markets is fine. Some people"}, {"start": "00:03:02", "end": "00:03:07", "text": "they just want to DCA crypto at cheap"}, {"start": "00:03:04", "end": "00:03:09", "text": "prices is also fine. So whatever you are"}, {"start": "00:03:07", "end": "00:03:11", "text": "of these two, you have a plan here. Let"}, {"start": "00:03:09", "end": "00:03:14", "text": "me know in the comment section which one"}, {"start": "00:03:11", "end": "00:03:16", "text": "you are. And holy crap guys, we have so"}, {"start": "00:03:14", "end": "00:03:18", "text": "much engagement now in terms of the"}, {"start": "00:03:16", "end": "00:03:20", "text": "calls. I mean, I see many people"}, {"start": "00:03:18", "end": "00:03:22", "text": "commenting basically every day that we"}, {"start": "00:03:20", "end": "00:03:25", "text": "called it fantastic. Big shout out to"}, {"start": "00:03:22", "end": "00:03:26", "text": "proof of Travis. Travis said, \"Got to"}, {"start": "00:03:25", "end": "00:03:28", "text": "give it to Ivante. He's been calling to"}, {"start": "00:03:26", "end": "00:03:31", "text": "wait for a 200 week moving average since"}, {"start": "00:03:28", "end": "00:03:34", "text": "October.\" Even when Taiiki, big shout"}, {"start": "00:03:31", "end": "00:03:36", "text": "out to Taiiki, but he was he he jumped"}, {"start": "00:03:34", "end": "00:03:38", "text": "the gun prematurely. He did get an"}, {"start": "00:03:36", "end": "00:03:40", "text": "instance of premature bulljolation, but"}, {"start": "00:03:38", "end": "00:03:42", "text": "he's making fun of himself. I love that."}, {"start": "00:03:40", "end": "00:03:45", "text": "You know, he's he's making fun of"}, {"start": "00:03:42", "end": "00:03:47", "text": "himself. When you realize how much money"}, {"start": "00:03:45", "end": "00:03:48", "text": "you're down on crypto after being"}, {"start": "00:03:47", "end": "00:03:50", "text": "bullish at the top. Yeah. I mean, he was"}, {"start": "00:03:48", "end": "00:03:52", "text": "bullish at the local top. Exactly."}, {"start": "00:03:50", "end": "00:03:55", "text": "Exactly. Big shout out to Travis. Also,"}, {"start": "00:03:52", "end": "00:03:58", "text": "big shout out to Crypto Camoto who said"}, {"start": "00:03:55", "end": "00:03:59", "text": "that um sold 80% since late October and"}, {"start": "00:03:58", "end": "00:04:01", "text": "been shorting since. Life is good when"}, {"start": "00:03:59", "end": "00:04:02", "text": "you when you leave the pleb mindset"}, {"start": "00:04:01", "end": "00:04:05", "text": "without the pleb mindset. And guys,"}, {"start": "00:04:02", "end": "00:04:08", "text": "listen, even if you lost money this"}, {"start": "00:04:05", "end": "00:04:10", "text": "bear, don't worry. The next bull is"}, {"start": "00:04:08", "end": "00:04:13", "text": "coming very very very soon. We will be"}, {"start": "00:04:10", "end": "00:04:15", "text": "guiding you by the hand here. We'll be"}, {"start": "00:04:13", "end": "00:04:17", "text": "showing you exactly what's happening. So"}, {"start": "00:04:15", "end": "00:04:19", "text": "subscribe and also because we called the"}, {"start": "00:04:17", "end": "00:04:21", "text": "market so well actually we don't have"}, {"start": "00:04:19", "end": "00:04:23", "text": "any more capacity in Bullmania."}, {"start": "00:04:21", "end": "00:04:26", "text": "Currently we're we're at full capacity."}, {"start": "00:04:23", "end": "00:04:28", "text": "All our coaches everyone is super busy"}, {"start": "00:04:26", "end": "00:04:30", "text": "and we're at full capacity. So if you"}, {"start": "00:04:28", "end": "00:04:33", "text": "want to join in the next cohort as soon"}, {"start": "00:04:30", "end": "00:04:35", "text": "as we have more spots we will email you."}, {"start": "00:04:33", "end": "00:04:37", "text": "But you need to go to bulma.com and just"}, {"start": "00:04:35", "end": "00:04:39", "text": "join the weight list. the I mean the"}, {"start": "00:04:37", "end": "00:04:41", "text": "feedback has been crazy because ever"}, {"start": "00:04:39", "end": "00:04:44", "text": "since October we've been I mean spot on"}, {"start": "00:04:41", "end": "00:04:47", "text": "you you spot on it's crazy and of course"}, {"start": "00:04:44", "end": "00:04:49", "text": "a lot of doubt a lot of doubters come in"}, {"start": "00:04:47", "end": "00:04:51", "text": "when we pump for like a week a lot of"}, {"start": "00:04:49", "end": "00:04:54", "text": "doubters come in they say I want this"}, {"start": "00:04:51", "end": "00:04:56", "text": "and that I listen it's uh it's easy like"}, {"start": "00:04:54", "end": "00:04:58", "text": "it's easy mode if you actually zoom out"}, {"start": "00:04:56", "end": "00:05:00", "text": "it's easy mode but it's not it's not"}, {"start": "00:04:58", "end": "00:05:01", "text": "easy when you go through it when you"}, {"start": "00:05:00", "end": "00:05:03", "text": "zoom out it's easy it's a high it's a"}, {"start": "00:05:01", "end": "00:05:05", "text": "lower high it's a lower high and then we"}, {"start": "00:05:03", "end": "00:05:07", "text": "go lower and here is the it's easy man"}, {"start": "00:05:05", "end": "00:05:09", "text": "it's so easy or maybe more correctly,"}, {"start": "00:05:07", "end": "00:05:11", "text": "it's simple. It's simple, but it's not"}, {"start": "00:05:09", "end": "00:05:14", "text": "easy because when you live through it,"}, {"start": "00:05:11", "end": "00:05:16", "text": "obviously uh many people got cooked."}, {"start": "00:05:14", "end": "00:05:18", "text": "Absolutely cooked. Cook it. Cooked in"}, {"start": "00:05:16", "end": "00:05:20", "text": "all ways possible. So, all in all, I"}, {"start": "00:05:18", "end": "00:05:23", "text": "want to tell you that it's time to be"}, {"start": "00:05:20", "end": "00:05:25", "text": "bullish. We are now coming into an area"}, {"start": "00:05:23", "end": "00:05:28", "text": "where Bitcoin is so cheap. It's time to"}, {"start": "00:05:25", "end": "00:05:31", "text": "be bullish and many old coins will find"}, {"start": "00:05:28", "end": "00:05:33", "text": "the bottom also in Q4. The most"}, {"start": "00:05:31", "end": "00:05:34", "text": "important move will be to ensure that"}, {"start": "00:05:33", "end": "00:05:36", "text": "you know the mechanical rules so you can"}, {"start": "00:05:34", "end": "00:05:38", "text": "really squeeze all of the altcoin"}, {"start": "00:05:36", "end": "00:05:40", "text": "opportunities because the biggest wealth"}, {"start": "00:05:38", "end": "00:05:42", "text": "is going to be in all coins guys 100%."}, {"start": "00:05:40", "end": "00:05:46", "text": "It's going to be in all coins and if you"}, {"start": "00:05:42", "end": "00:05:47", "text": "can trade Bitcoin with leverage of"}, {"start": "00:05:46", "end": "00:05:48", "text": "course if you know nothing you don't"}, {"start": "00:05:47", "end": "00:05:50", "text": "know the mechanical rules you're going"}, {"start": "00:05:48", "end": "00:05:51", "text": "to get wrecked if you try you're going"}, {"start": "00:05:50", "end": "00:05:53", "text": "to get wrecked if you try Bitcoin with"}, {"start": "00:05:51", "end": "00:05:54", "text": "leverage or all coins. The reason I say"}, {"start": "00:05:53", "end": "00:05:57", "text": "that is because let's say Bitcoin goes"}, {"start": "00:05:54", "end": "00:05:59", "text": "to 150k from here. If you in if you"}, {"start": "00:05:57", "end": "00:06:03", "text": "invest $1K you're going to have like"}, {"start": "00:05:59", "end": "00:06:04", "text": "2.5K maybe even less like 2.2K. So you"}, {"start": "00:06:03", "end": "00:06:06", "text": "understand Bitcoin itself it's it's"}, {"start": "00:06:04", "end": "00:06:09", "text": "already at such a big amount that within"}, {"start": "00:06:06", "end": "00:06:12", "text": "the coming years for you to really go"}, {"start": "00:06:09", "end": "00:06:16", "text": "from zero to hero from plebe homeless"}, {"start": "00:06:12", "end": "00:06:18", "text": "living out of a carbon cartoon how we"}, {"start": "00:06:16", "end": "00:06:23", "text": "say this"}, {"start": "00:06:18", "end": "00:06:25", "text": "plywood card box what is called"}, {"start": "00:06:23", "end": "00:06:26", "text": "where's the homeless guys living anyway"}, {"start": "00:06:25", "end": "00:06:29", "text": "for you to go from that position to have"}, {"start": "00:06:26", "end": "00:06:31", "text": "a nice capital you will have to make"}, {"start": "00:06:29", "end": "00:06:33", "text": "significant moves sadly we're not"}, {"start": "00:06:31", "end": "00:06:35", "text": "anymore in a position where you just buy"}, {"start": "00:06:33", "end": "00:06:37", "text": "Bitcoin and it does 100x. Bitcoin is"}, {"start": "00:06:35", "end": "00:06:40", "text": "maybe going to do two 3x. Okay. Then you"}, {"start": "00:06:37", "end": "00:06:42", "text": "have alts. That's a totally different"}, {"start": "00:06:40", "end": "00:06:43", "text": "beast. If you know how to play them, you"}, {"start": "00:06:42", "end": "00:06:45", "text": "know the bull trends, they they will"}, {"start": "00:06:43", "end": "00:06:47", "text": "make you fantastic returns. You they can"}, {"start": "00:06:45", "end": "00:06:48", "text": "also wreck you if you don't know. The"}, {"start": "00:06:47", "end": "00:06:49", "text": "same thing with leverage. You can get"}, {"start": "00:06:48", "end": "00:06:51", "text": "fully wrecked. Most people get fully"}, {"start": "00:06:49", "end": "00:06:52", "text": "wrecked. Why? Because they have no no"}, {"start": "00:06:51", "end": "00:06:53", "text": "stop-loss, no mechanical rules. They"}, {"start": "00:06:52", "end": "00:06:55", "text": "have nothing. I mean, they have nothing."}, {"start": "00:06:53", "end": "00:06:57", "text": "They just go on vibes. They go they"}, {"start": "00:06:55", "end": "00:06:58", "text": "vomo. They go emotional. So that's why"}, {"start": "00:06:57", "end": "00:07:00", "text": "I'm telling you, you need to have the"}, {"start": "00:06:58", "end": "00:07:02", "text": "mechanical rules. like without them"}, {"start": "00:07:00", "end": "00:07:04", "text": "without them without what we teach here"}, {"start": "00:07:02", "end": "00:07:06", "text": "it's it's very hard I mean it's almost"}, {"start": "00:07:04", "end": "00:07:08", "text": "impossible almost impossible but the"}, {"start": "00:07:06", "end": "00:07:10", "text": "opportunities are going to be there 1"}, {"start": "00:07:08", "end": "00:07:12", "text": "million million million%. I see a"}, {"start": "00:07:10", "end": "00:07:14", "text": "question I is it possible money is"}, {"start": "00:07:12", "end": "00:07:16", "text": "moving out of crypto so people can try"}, {"start": "00:07:14", "end": "00:07:18", "text": "to get SpaceX. Oh by the way speaking"}, {"start": "00:07:16", "end": "00:07:21", "text": "about SpaceX I will answer that you can"}, {"start": "00:07:18", "end": "00:07:24", "text": "get into SpaceX IPO uh on Bybit. So if"}, {"start": "00:07:21", "end": "00:07:25", "text": "you go to boom.com/partners you have"}, {"start": "00:07:24", "end": "00:07:28", "text": "buybit here. If you're interested in"}, {"start": "00:07:25", "end": "00:07:30", "text": "space spacex IPO the actual like getting"}, {"start": "00:07:28", "end": "00:07:32", "text": "access to the actual IPO uh you can get"}, {"start": "00:07:30", "end": "00:07:34", "text": "it here. Not just you know uh contracts"}, {"start": "00:07:32", "end": "00:07:36", "text": "not just contracts that you trade some"}, {"start": "00:07:34", "end": "00:07:39", "text": "um some perpetual contract but actually"}, {"start": "00:07:36", "end": "00:07:42", "text": "become shareholder. You can you can get"}, {"start": "00:07:39", "end": "00:07:44", "text": "it via via bit. So subscription ends in"}, {"start": "00:07:42", "end": "00:07:46", "text": "3 days. So check it out if you go to"}, {"start": "00:07:44", "end": "00:07:49", "text": "boom.com/partners. But I would be a bit"}, {"start": "00:07:46", "end": "00:07:51", "text": "careful guys with the SpaceX IPO because"}, {"start": "00:07:49", "end": "00:07:53", "text": "I think it's going to be very much like"}, {"start": "00:07:51", "end": "00:07:55", "text": "this. You know my opinion already. When"}, {"start": "00:07:53", "end": "00:07:57", "text": "it when you have this hyped IPOs, they"}, {"start": "00:07:55", "end": "00:07:59", "text": "rarely just pump to Valhalla and keep"}, {"start": "00:07:57", "end": "00:08:02", "text": "pumping. In many cases, they do have the"}, {"start": "00:07:59", "end": "00:08:03", "text": "initial IPO pop as you see right here"}, {"start": "00:08:02", "end": "00:08:06", "text": "where there is excitement, the news,"}, {"start": "00:08:03", "end": "00:08:09", "text": "everyone is speaking. Then it is big fat"}, {"start": "00:08:06", "end": "00:08:11", "text": "dump and you can easily get 50% in many"}, {"start": "00:08:09", "end": "00:08:12", "text": "cases 90% discount. I mean it happens"}, {"start": "00:08:11", "end": "00:08:15", "text": "all the time. It happens all the time."}, {"start": "00:08:12", "end": "00:08:18", "text": "And when Elon Musk lists SpaceX, I don't"}, {"start": "00:08:15", "end": "00:08:20", "text": "think he leaves any room for retail to"}, {"start": "00:08:18", "end": "00:08:22", "text": "get rich quick. I don't think he leaves."}, {"start": "00:08:20", "end": "00:08:25", "text": "He he he has the biggest possible"}, {"start": "00:08:22", "end": "00:08:26", "text": "valuation um what is 1.7 trillion or"}, {"start": "00:08:25", "end": "00:08:29", "text": "whatever it is like he he's really"}, {"start": "00:08:26", "end": "00:08:32", "text": "squeezing the biggest possible valuation"}, {"start": "00:08:29", "end": "00:08:36", "text": "he can get. And then for retail at the"}, {"start": "00:08:32", "end": "00:08:38", "text": "room for instant getting rich instant"}, {"start": "00:08:36", "end": "00:08:40", "text": "it's non-existent like non-existent."}, {"start": "00:08:38", "end": "00:08:43", "text": "Now, it can still be good value if it"}, {"start": "00:08:40", "end": "00:08:45", "text": "goes down, it finds a bottom. And the"}, {"start": "00:08:43", "end": "00:08:46", "text": "best example of something similar that"}, {"start": "00:08:45", "end": "00:08:48", "text": "has h that has happened to crypto is"}, {"start": "00:08:46", "end": "00:08:50", "text": "Coinbase. I mean, obviously, Coinbase is"}, {"start": "00:08:48", "end": "00:08:54", "text": "bigger than it was a few years ago. It's"}, {"start": "00:08:50", "end": "00:08:56", "text": "now handling all of the all of the ETFs"}, {"start": "00:08:54", "end": "00:08:59", "text": "and all of that, but you see, we're"}, {"start": "00:08:56", "end": "00:09:02", "text": "still below this IPO uh price, you know,"}, {"start": "00:08:59", "end": "00:09:04", "text": "all the way uh back here. Okay. So,"}, {"start": "00:09:02", "end": "00:09:07", "text": "yeah. And in here, you actually got a"}, {"start": "00:09:04", "end": "00:09:10", "text": "90% discount. Uh so on Coinbase from"}, {"start": "00:09:07", "end": "00:09:12", "text": "here to here it was 93% discount then it"}, {"start": "00:09:10", "end": "00:09:14", "text": "actually did recover went to a slight"}, {"start": "00:09:12", "end": "00:09:16", "text": "alltime high but here's a clear example"}, {"start": "00:09:14", "end": "00:09:18", "text": "where when Coinbase listed here they"}, {"start": "00:09:16", "end": "00:09:19", "text": "already list at such a high valuation"}, {"start": "00:09:18", "end": "00:09:22", "text": "that there there's nothing left for the"}, {"start": "00:09:19", "end": "00:09:24", "text": "pleb there's zero left for the pleb."}, {"start": "00:09:22", "end": "00:09:27", "text": "Okay, Coinbase needs to change as a"}, {"start": "00:09:24", "end": "00:09:29", "text": "company fully and to capture more"}, {"start": "00:09:27", "end": "00:09:31", "text": "industries and more market share for the"}, {"start": "00:09:29", "end": "00:09:32", "text": "pleb to have a chance here. They"}, {"start": "00:09:31", "end": "00:09:35", "text": "basically list at some you know a bit of"}, {"start": "00:09:32", "end": "00:09:36", "text": "a fair price because it we did go back"}, {"start": "00:09:35", "end": "00:09:39", "text": "to it. So, it's not like it was, you"}, {"start": "00:09:36", "end": "00:09:41", "text": "know, crazy price that we never we did"}, {"start": "00:09:39", "end": "00:09:44", "text": "return to it. We did not stay at it."}, {"start": "00:09:41", "end": "00:09:48", "text": "Now, we're way back way way back down"}, {"start": "00:09:44", "end": "00:09:49", "text": "again. Um, so you see, it's a it's as"}, {"start": "00:09:48", "end": "00:09:51", "text": "expensive as it gets. So, for the play"}, {"start": "00:09:49", "end": "00:09:54", "text": "by retail investor trying to get rich in"}, {"start": "00:09:51", "end": "00:09:55", "text": "IPO, there are many other ways. There"}, {"start": "00:09:54", "end": "00:09:57", "text": "are many many other ways. Many many"}, {"start": "00:09:55", "end": "00:09:59", "text": "other ways. I would I would actually be"}, {"start": "00:09:57", "end": "00:10:01", "text": "careful. And I think that we're going to"}, {"start": "00:09:59", "end": "00:10:02", "text": "see a big capital rotation, guys, later"}, {"start": "00:10:01", "end": "00:10:05", "text": "this year. Coming back to your question"}, {"start": "00:10:02", "end": "00:10:06", "text": "about the capital leaving, I think"}, {"start": "00:10:05", "end": "00:10:09", "text": "there's going to be such a big capital"}, {"start": "00:10:06", "end": "00:10:12", "text": "rotation from AI, from all of the tech"}, {"start": "00:10:09", "end": "00:10:15", "text": "stuff back into crypto, why you will"}, {"start": "00:10:12", "end": "00:10:16", "text": "have AI getting squeezed by political"}, {"start": "00:10:15", "end": "00:10:18", "text": "pressures. We don't see it yet, but"}, {"start": "00:10:16", "end": "00:10:21", "text": "likely towards the midterms, especially"}, {"start": "00:10:18", "end": "00:10:23", "text": "as the next presidential race starts,"}, {"start": "00:10:21", "end": "00:10:24", "text": "which is next year, we're going to see"}, {"start": "00:10:23", "end": "00:10:25", "text": "more and more of, you know, the"}, {"start": "00:10:24", "end": "00:10:27", "text": "candidates who's going to be candidate"}, {"start": "00:10:25", "end": "00:10:29", "text": "for Democrat, for Republic. There's"}, {"start": "00:10:27", "end": "00:10:31", "text": "going to be a bunch of politicians"}, {"start": "00:10:29", "end": "00:10:34", "text": "trying to save the average pleber from"}, {"start": "00:10:31", "end": "00:10:35", "text": "AI, which will mean massive AI taxes."}, {"start": "00:10:34", "end": "00:10:38", "text": "Massive, massive, massive. The market"}, {"start": "00:10:35", "end": "00:10:40", "text": "has not priced in massive tax on your"}, {"start": "00:10:38", "end": "00:10:42", "text": "favorite AI agent. Okay, that just"}, {"start": "00:10:40", "end": "00:10:46", "text": "replaced 100 people working in the"}, {"start": "00:10:42", "end": "00:10:47", "text": "office. So, all of these different um"}, {"start": "00:10:46", "end": "00:10:49", "text": "different factors. First factor being"}, {"start": "00:10:47", "end": "00:10:52", "text": "that we pump so much. Second factor"}, {"start": "00:10:49", "end": "00:10:54", "text": "being that the political pressure is not"}, {"start": "00:10:52", "end": "00:10:55", "text": "priced in. Third factor being that"}, {"start": "00:10:54", "end": "00:10:57", "text": "crypto is freaking cheap as hell. I mean"}, {"start": "00:10:55", "end": "00:11:00", "text": "we just discussed Bitcoin but most"}, {"start": "00:10:57", "end": "00:11:02", "text": "altcoins are in the gutter also and a"}, {"start": "00:11:00", "end": "00:11:04", "text": "lot of them will start creating bull"}, {"start": "00:11:02", "end": "00:11:07", "text": "trends. Okay, when you have a new bull"}, {"start": "00:11:04", "end": "00:11:08", "text": "trend is good riskreward to to be in"}, {"start": "00:11:07", "end": "00:11:10", "text": "that new bull trend. Bitcoin is still"}, {"start": "00:11:08", "end": "00:11:12", "text": "bare like everything is still bear in"}, {"start": "00:11:10", "end": "00:11:14", "text": "crypto is because we're still not in Q4."}, {"start": "00:11:12", "end": "00:11:16", "text": "But as we get closer to Q4 wouldn't"}, {"start": "00:11:14", "end": "00:11:18", "text": "surprise me that we actually get uh many"}, {"start": "00:11:16", "end": "00:11:20", "text": "bull trends, many many many many new new"}, {"start": "00:11:18", "end": "00:11:22", "text": "bull trends. And when you have a"}, {"start": "00:11:20", "end": "00:11:24", "text": "flipping of trend, you have to respect"}, {"start": "00:11:22", "end": "00:11:26", "text": "it 100%. If you don't respect flip of"}, {"start": "00:11:24", "end": "00:11:30", "text": "trend, you will either lose 90% of your"}, {"start": "00:11:26", "end": "00:11:32", "text": "money or you will um you will miss the"}, {"start": "00:11:30", "end": "00:11:34", "text": "pump. Okay? Just like people faded the"}, {"start": "00:11:32", "end": "00:11:37", "text": "the bare flips. Uh they're fully"}, {"start": "00:11:34", "end": "00:11:39", "text": "destroyed here. If you look on"}, {"start": "00:11:37", "end": "00:11:42", "text": "uh let's check the weekly time or even"}, {"start": "00:11:39", "end": "00:11:44", "text": "the daily I mean even the daily XRP 65%,"}, {"start": "00:11:42", "end": "00:11:45", "text": "Salana 65%. Uh and this is not from"}, {"start": "00:11:44", "end": "00:11:47", "text": "alltime high. This is just from the"}, {"start": "00:11:45", "end": "00:11:49", "text": "flip. So from alltime high it's even"}, {"start": "00:11:47", "end": "00:11:50", "text": "bigger loss. But we look at the bare"}, {"start": "00:11:49", "end": "00:11:52", "text": "flip because the bare flip is where you"}, {"start": "00:11:50", "end": "00:11:55", "text": "can have B. they will obviously also see"}, {"start": "00:11:52", "end": "00:11:56", "text": "a lot of bullish uh signals in their own"}, {"start": "00:11:55", "end": "00:11:58", "text": "way. I mean we have our own way in"}, {"start": "00:11:56", "end": "00:12:00", "text": "Bulmania to see the the trends. Other"}, {"start": "00:11:58", "end": "00:12:02", "text": "institutions, investors have their own"}, {"start": "00:12:00", "end": "00:12:04", "text": "way of seeing that and uh we will have"}, {"start": "00:12:02", "end": "00:12:07", "text": "rotation. I think we're going to have a"}, {"start": "00:12:04", "end": "00:12:09", "text": "big fat rotation that uh I mean this"}, {"start": "00:12:07", "end": "00:12:11", "text": "market hasn't hasn't seen yet before"}, {"start": "00:12:09", "end": "00:12:13", "text": "there there has been such an inflow of"}, {"start": "00:12:11", "end": "00:12:15", "text": "capital into AI that we'll have to"}, {"start": "00:12:13", "end": "00:12:17", "text": "rotate somewhere. It's always it always"}, {"start": "00:12:15", "end": "00:12:19", "text": "rotates. Always always rotates. Anyway,"}, {"start": "00:12:17", "end": "00:12:20", "text": "so that's that. Let's check the stock"}, {"start": "00:12:19", "end": "00:12:21", "text": "market because many people are worried"}, {"start": "00:12:20", "end": "00:12:22", "text": "what's going to happen to the stocks."}, {"start": "00:12:21", "end": "00:12:24", "text": "Are we still going to pump in the stock"}, {"start": "00:12:22", "end": "00:12:26", "text": "market? I mean, so far so good. Uh"}, {"start": "00:12:24", "end": "00:12:29", "text": "again, here's another example where"}, {"start": "00:12:26", "end": "00:12:31", "text": "don't over complicate too much. Uh we"}, {"start": "00:12:29", "end": "00:12:34", "text": "are in bull trend. We're in bull trend"}, {"start": "00:12:31", "end": "00:12:36", "text": "on S&P. We did have a red week last"}, {"start": "00:12:34", "end": "00:12:38", "text": "week. This week, if you look at the"}, {"start": "00:12:36", "end": "00:12:40", "text": "futures, looking at the future seems to"}, {"start": "00:12:38", "end": "00:12:43", "text": "be green. So, no need to overreact uh"}, {"start": "00:12:40", "end": "00:12:45", "text": "that we had a red week. Uh still green."}, {"start": "00:12:43", "end": "00:12:46", "text": "We obviously going to update you, but"}, {"start": "00:12:45", "end": "00:12:49", "text": "for now, uh looking quite okay. Okay, I"}, {"start": "00:12:46", "end": "00:12:52", "text": "mean S&P is looking quite okay. Seems"}, {"start": "00:12:49", "end": "00:12:54", "text": "seems that it wants to moon higher and"}, {"start": "00:12:52", "end": "00:12:56", "text": "uh yeah, nothing changed. Looking at"}, {"start": "00:12:54", "end": "00:12:58", "text": "NASDAQ, NASDAQ wants to open a bit"}, {"start": "00:12:56", "end": "00:13:00", "text": "higher. Obviously, these are just open."}, {"start": "00:12:58", "end": "00:13:03", "text": "We're on Monday. It's Monday. It's just"}, {"start": "00:13:00", "end": "00:13:04", "text": "open open prices like pre-market prices."}, {"start": "00:13:03", "end": "00:13:07", "text": "Who knows what's going to happen at the"}, {"start": "00:13:04", "end": "00:13:09", "text": "end of the day, but uh don't get, you"}, {"start": "00:13:07", "end": "00:13:11", "text": "know, too eager to turn bare. It's still"}, {"start": "00:13:09", "end": "00:13:14", "text": "bull. Still bull. And one example of"}, {"start": "00:13:11", "end": "00:13:18", "text": "that by the way is uh uh Zcash actually"}, {"start": "00:13:14", "end": "00:13:20", "text": "recovered this crazy crazy week and now"}, {"start": "00:13:18", "end": "00:13:22", "text": "back within the bull trend on the"}, {"start": "00:13:20", "end": "00:13:23", "text": "weekly. There is actually a bit of"}, {"start": "00:13:22", "end": "00:13:26", "text": "updates from Zikash that we need to that"}, {"start": "00:13:23", "end": "00:13:30", "text": "we need to discuss. But this crazy week"}, {"start": "00:13:26", "end": "00:13:32", "text": "all the way to 255 was it was insane. It"}, {"start": "00:13:30", "end": "00:13:34", "text": "was insane. Here you now have news"}, {"start": "00:13:32", "end": "00:13:36", "text": "coming out that they have a plan for"}, {"start": "00:13:34", "end": "00:13:39", "text": "migration of the coins this and that. So"}, {"start": "00:13:36", "end": "00:13:42", "text": "the market seems to be uh calm down calm"}, {"start": "00:13:39", "end": "00:13:46", "text": "down that the that the technical"}, {"start": "00:13:42", "end": "00:13:48", "text": "solution is okay is okay. Okay. Uh"}, {"start": "00:13:46", "end": "00:13:50", "text": "basically they have this update ironwood"}, {"start": "00:13:48", "end": "00:13:53", "text": "and the way it will work is that they"}, {"start": "00:13:50", "end": "00:13:54", "text": "the secret uh coins in Zcash. There are"}, {"start": "00:13:53", "end": "00:13:56", "text": "two ways of using Zcash. You have the"}, {"start": "00:13:54", "end": "00:13:58", "text": "open way, transparent way and then you"}, {"start": "00:13:56", "end": "00:14:00", "text": "have the shielded way like the secret"}, {"start": "00:13:58", "end": "00:14:03", "text": "way. And when you do the secret way, you"}, {"start": "00:14:00", "end": "00:14:05", "text": "do it within a so-called pool. So the"}, {"start": "00:14:03", "end": "00:14:07", "text": "pool that got that got hacked is this"}, {"start": "00:14:05", "end": "00:14:10", "text": "Orchard pool. So Orchard pool is the"}, {"start": "00:14:07", "end": "00:14:11", "text": "current pool. It got hacked and we don't"}, {"start": "00:14:10", "end": "00:14:13", "text": "know if someone used the hack. More"}, {"start": "00:14:11", "end": "00:14:14", "text": "correctly, let let me correct myself. It"}, {"start": "00:14:13", "end": "00:14:17", "text": "didn't get hacked, but there was a"}, {"start": "00:14:14", "end": "00:14:20", "text": "vulnerability that theoretically could"}, {"start": "00:14:17", "end": "00:14:22", "text": "have been exploited and where an"}, {"start": "00:14:20", "end": "00:14:24", "text": "attacker could have minted unlimited"}, {"start": "00:14:22", "end": "00:14:26", "text": "Zcash. But we don't know if they did"}, {"start": "00:14:24", "end": "00:14:28", "text": "because it's again it's it's all closed."}, {"start": "00:14:26", "end": "00:14:31", "text": "It's all shielded in the Orchard pool."}, {"start": "00:14:28", "end": "00:14:33", "text": "Like it's it's invisible. So it did not"}, {"start": "00:14:31", "end": "00:14:35", "text": "get hacked but a vulnerability a"}, {"start": "00:14:33", "end": "00:14:38", "text": "vulnerability was found where"}, {"start": "00:14:35", "end": "00:14:40", "text": "potentially it could have been hacked"}, {"start": "00:14:38", "end": "00:14:42", "text": "and because there's no way to know there"}, {"start": "00:14:40", "end": "00:14:46", "text": "has been a lot of confusion how can you"}, {"start": "00:14:42", "end": "00:14:49", "text": "have a cryptocurrency where it's u let's"}, {"start": "00:14:46", "end": "00:14:51", "text": "see no sound I see no sound one second"}, {"start": "00:14:49", "end": "00:14:53", "text": "it's"}, {"start": "00:14:51", "end": "00:14:57", "text": "there is sound there is sound uh I I see"}, {"start": "00:14:53", "end": "00:14:57", "text": "myself there is sound"}, {"start": "00:14:57", "end": "00:15:02", "text": "there is sound there is Um Matt, you'll"}, {"start": "00:15:00", "end": "00:15:04", "text": "have to double double check it for me."}, {"start": "00:15:02", "end": "00:15:06", "text": "If someone writes, double check. If if"}, {"start": "00:15:04", "end": "00:15:08", "text": "if they keep writing wrong, just mute."}, {"start": "00:15:06", "end": "00:15:12", "text": "Okay, we cannot have interruption for"}, {"start": "00:15:08", "end": "00:15:14", "text": "for wrong. I have sound. I have sound. I"}, {"start": "00:15:12", "end": "00:15:16", "text": "need them you you most to double check"}, {"start": "00:15:14", "end": "00:15:19", "text": "that."}, {"start": "00:15:16", "end": "00:15:21", "text": "Okay. Yeah, it's working. It's working."}, {"start": "00:15:19", "end": "00:15:24", "text": "Okay. So, uh coming back to the to the"}, {"start": "00:15:21", "end": "00:15:26", "text": "preaching. This is the problem with um"}, {"start": "00:15:24", "end": "00:15:27", "text": "let me make some coffee. We have"}, {"start": "00:15:26", "end": "00:15:30", "text": "interrupted preaching. We have"}, {"start": "00:15:27", "end": "00:15:32", "text": "interrupted"}, {"start": "00:15:30", "end": "00:15:34", "text": "a very important message here. Anyway,"}, {"start": "00:15:32", "end": "00:15:37", "text": "big shout. Maybe you just have to check"}, {"start": "00:15:34", "end": "00:15:40", "text": "your uh tabs or whatever. Uh we're"}, {"start": "00:15:37", "end": "00:15:42", "text": "coming back. So, where did we leave off?"}, {"start": "00:15:40", "end": "00:15:44", "text": "We left off where I explained to you"}, {"start": "00:15:42", "end": "00:15:48", "text": "that potential vulnerability in this"}, {"start": "00:15:44", "end": "00:15:49", "text": "pool and no way to check whether this"}, {"start": "00:15:48", "end": "00:15:51", "text": "vulnerability got exposed. So, what's"}, {"start": "00:15:49", "end": "00:15:53", "text": "the solution? They have a solution. They"}, {"start": "00:15:51", "end": "00:15:55", "text": "have a solution to it. Basically, create"}, {"start": "00:15:53", "end": "00:15:58", "text": "a new pool. So they have Ironwood which"}, {"start": "00:15:55", "end": "00:16:01", "text": "is the new pool for shielded"}, {"start": "00:15:58", "end": "00:16:03", "text": "transactions and they will freeze the"}, {"start": "00:16:01", "end": "00:16:05", "text": "existing pool orchard pool where you"}, {"start": "00:16:03", "end": "00:16:08", "text": "potentially have new coins being minted"}, {"start": "00:16:05", "end": "00:16:09", "text": "but no one knows if it happened and to"}, {"start": "00:16:08", "end": "00:16:11", "text": "migrate from the old pool which will be"}, {"start": "00:16:09", "end": "00:16:13", "text": "disabled. Basically you cannot you will"}, {"start": "00:16:11", "end": "00:16:15", "text": "not be able to use it. Users will not be"}, {"start": "00:16:13", "end": "00:16:18", "text": "able to use it. The way it's going to"}, {"start": "00:16:15", "end": "00:16:21", "text": "work is that from the old pool you will"}, {"start": "00:16:18", "end": "00:16:23", "text": "be able to move your funds into the new"}, {"start": "00:16:21", "end": "00:16:26", "text": "pool which is going to be secret as"}, {"start": "00:16:23", "end": "00:16:30", "text": "well. But in this uh in this trans"}, {"start": "00:16:26", "end": "00:16:32", "text": "transition into the in this transfer in"}, {"start": "00:16:30", "end": "00:16:34", "text": "this migration the correct word is"}, {"start": "00:16:32", "end": "00:16:35", "text": "migration. In this migration all of the"}, {"start": "00:16:34", "end": "00:16:38", "text": "supply is going to be double checked. So"}, {"start": "00:16:35", "end": "00:16:42", "text": "the attacker will not be able to move"}, {"start": "00:16:38", "end": "00:16:44", "text": "the counterfeit um money from"}, {"start": "00:16:42", "end": "00:16:46", "text": "orchardpool to Ironwood. Is it"}, {"start": "00:16:44", "end": "00:16:48", "text": "counterfeated or counter? How do you how"}, {"start": "00:16:46", "end": "00:16:50", "text": "do you pronounce it? In case they minted"}, {"start": "00:16:48", "end": "00:16:52", "text": "something illegally, that will not be"}, {"start": "00:16:50", "end": "00:16:55", "text": "able to to move. How you say counterfeit"}, {"start": "00:16:52", "end": "00:16:58", "text": "or counterfeated? I I don't use that"}, {"start": "00:16:55", "end": "00:17:00", "text": "word a lot, but one of these two. Okay."}, {"start": "00:16:58", "end": "00:17:02", "text": "So the objective iron is to restore each"}, {"start": "00:17:00", "end": "00:17:03", "text": "Zcash user ability to verify the supply"}, {"start": "00:17:02", "end": "00:17:05", "text": "and integrity of Zcash. The"}, {"start": "00:17:03", "end": "00:17:08", "text": "vulnerability was impaired by the"}, {"start": "00:17:05", "end": "00:17:09", "text": "existence of counter fating or fitting"}, {"start": "00:17:08", "end": "00:17:12", "text": "or which one? Counterfeit. Yeah,"}, {"start": "00:17:09", "end": "00:17:14", "text": "counterfeit. Counterfeit. Why? Why don't"}, {"start": "00:17:12", "end": "00:17:16", "text": "you write counterfeit? Why do you say"}, {"start": "00:17:14", "end": "00:17:18", "text": "fating? Fate. What is this uh typing?"}, {"start": "00:17:16", "end": "00:17:20", "text": "What is this typing? Counterfeit."}, {"start": "00:17:18", "end": "00:17:23", "text": "Exactly. It should be just fit. Please"}, {"start": "00:17:20", "end": "00:17:27", "text": "add it to insul Britannica for for"}, {"start": "00:17:23", "end": "00:17:30", "text": "further review on the English spelling."}, {"start": "00:17:27", "end": "00:17:31", "text": "Counterfeiting. Counterfeiting. Okay. So"}, {"start": "00:17:30", "end": "00:17:33", "text": "immediately upon activation users will"}, {"start": "00:17:31", "end": "00:17:34", "text": "be able to independently verify that the"}, {"start": "00:17:33", "end": "00:17:36", "text": "circulating supply of Zcash is sound"}, {"start": "00:17:34", "end": "00:17:38", "text": "just by writing a note. So the way it"}, {"start": "00:17:36", "end": "00:17:39", "text": "will work is that all of the secret"}, {"start": "00:17:38", "end": "00:17:41", "text": "money that you have in Zcash you will"}, {"start": "00:17:39", "end": "00:17:43", "text": "have to migrate to new poolool. If you"}, {"start": "00:17:41", "end": "00:17:44", "text": "have minted something shady you will not"}, {"start": "00:17:43", "end": "00:17:47", "text": "be able to migrate. So the market seems"}, {"start": "00:17:44", "end": "00:17:50", "text": "to to be buying this solution and"}, {"start": "00:17:47", "end": "00:17:52", "text": "overall I have to give a nice big fat"}, {"start": "00:17:50", "end": "00:17:54", "text": "shout out to Zcash team because if you"}, {"start": "00:17:52", "end": "00:17:58", "text": "think about it everything that they've"}, {"start": "00:17:54", "end": "00:18:00", "text": "done u signals signals that they're"}, {"start": "00:17:58", "end": "00:18:02", "text": "actually very professional and very"}, {"start": "00:18:00", "end": "00:18:05", "text": "serious because let's let's look at what"}, {"start": "00:18:02", "end": "00:18:08", "text": "happened they themselves did this"}, {"start": "00:18:05", "end": "00:18:10", "text": "investigation into their tech. They"}, {"start": "00:18:08", "end": "00:18:11", "text": "themselves found that there is a"}, {"start": "00:18:10", "end": "00:18:14", "text": "vulnerability."}, {"start": "00:18:11", "end": "00:18:17", "text": "They themselves disclosed and fixed the"}, {"start": "00:18:14", "end": "00:18:19", "text": "vulnerability. They themselves also now"}, {"start": "00:18:17", "end": "00:18:21", "text": "have a solution so everyone can verify"}, {"start": "00:18:19", "end": "00:18:23", "text": "the supply. So if you think and you"}, {"start": "00:18:21", "end": "00:18:25", "text": "compare to for example how ETH operates."}, {"start": "00:18:23", "end": "00:18:28", "text": "ETH has a problem. It's freaking slow."}, {"start": "00:18:25", "end": "00:18:31", "text": "L2s are forazi. Uh nothing gets done"}, {"start": "00:18:28", "end": "00:18:34", "text": "users leave. What do L2 industrial"}, {"start": "00:18:31", "end": "00:18:36", "text": "complex what do ETH maxes say? They say"}, {"start": "00:18:34", "end": "00:18:38", "text": "oh no this and that. We are the best. We"}, {"start": "00:18:36", "end": "00:18:40", "text": "have the moral ground. you are all"}, {"start": "00:18:38", "end": "00:18:43", "text": "shitcoiners, Solana, centralized and all"}, {"start": "00:18:40", "end": "00:18:44", "text": "of the other false things they say"}, {"start": "00:18:43", "end": "00:18:46", "text": "instead of just saying, \"Hey guys,"}, {"start": "00:18:44", "end": "00:18:48", "text": "actually it's correct. Let's fix it.\" Uh"}, {"start": "00:18:46", "end": "00:18:50", "text": "or or I mean you have endless other"}, {"start": "00:18:48", "end": "00:18:51", "text": "examples of this in crypto. You can"}, {"start": "00:18:50", "end": "00:18:53", "text": "think about it yourself where instead of"}, {"start": "00:18:51", "end": "00:18:54", "text": "saying, \"Hey guys, we have a problem. We"}, {"start": "00:18:53", "end": "00:18:56", "text": "fix it.\" Uh the market the market do"}, {"start": "00:18:54", "end": "00:18:59", "text": "what you want. The more if you want to"}, {"start": "00:18:56", "end": "00:19:01", "text": "dump dump dump the what the market price"}, {"start": "00:18:59", "end": "00:19:02", "text": "is going to do up to you. We have a"}, {"start": "00:19:01", "end": "00:19:04", "text": "problem technical problem we fix it."}, {"start": "00:19:02", "end": "00:19:06", "text": "Here's the bum bum bum bum bum step by"}, {"start": "00:19:04", "end": "00:19:08", "text": "step. Fantastic. Fantastic. So all in"}, {"start": "00:19:06", "end": "00:19:12", "text": "all, I understand also why the market is"}, {"start": "00:19:08", "end": "00:19:14", "text": "is buying it. But um yeah, from a"}, {"start": "00:19:12", "end": "00:19:16", "text": "trading perspective, it's very important"}, {"start": "00:19:14", "end": "00:19:17", "text": "to have a stop- loss. Let's go through"}, {"start": "00:19:16", "end": "00:19:21", "text": "uh the the importance of stop-loss. Like"}, {"start": "00:19:17", "end": "00:19:23", "text": "in this case, Zcash was good at giving"}, {"start": "00:19:21", "end": "00:19:26", "text": "at giving you all the explanation like"}, {"start": "00:19:23", "end": "00:19:28", "text": "being responsible. Uh if this would be"}, {"start": "00:19:26", "end": "00:19:30", "text": "another project Teral Luna, this could"}, {"start": "00:19:28", "end": "00:19:33", "text": "easily just continue down. Okay. So,"}, {"start": "00:19:30", "end": "00:19:35", "text": "from a trading perspective, the best"}, {"start": "00:19:33", "end": "00:19:39", "text": "riskreward is still to have your"}, {"start": "00:19:35", "end": "00:19:41", "text": "stop-loss even if even if uh it does"}, {"start": "00:19:39", "end": "00:19:44", "text": "recover like this because we're all here"}, {"start": "00:19:41", "end": "00:19:46", "text": "to to write the the trades in all kinds"}, {"start": "00:19:44", "end": "00:19:48", "text": "of different assets. And of course, in"}, {"start": "00:19:46", "end": "00:19:50", "text": "this case, it was good that Zcash did"}, {"start": "00:19:48", "end": "00:19:51", "text": "everything correctly. Uh in many cases,"}, {"start": "00:19:50", "end": "00:19:52", "text": "uh you have teams that don't do"}, {"start": "00:19:51", "end": "00:19:54", "text": "everything correctly. So, when you have"}, {"start": "00:19:52", "end": "00:19:56", "text": "a repeatable system that you can apply"}, {"start": "00:19:54", "end": "00:19:58", "text": "on asset after asset after asset, you"}, {"start": "00:19:56", "end": "00:19:59", "text": "need to protect your capital always. So"}, {"start": "00:19:58", "end": "00:20:02", "text": "stop loss always always always always"}, {"start": "00:19:59", "end": "00:20:04", "text": "always always needed and many people"}, {"start": "00:20:02", "end": "00:20:07", "text": "felt that in real time when uh when"}, {"start": "00:20:04", "end": "00:20:09", "text": "Zcash went for like 600 to to 300"}, {"start": "00:20:07", "end": "00:20:12", "text": "something basically lost 50% in boop"}, {"start": "00:20:09", "end": "00:20:13", "text": "like this. Uh now guys looking at the"}, {"start": "00:20:12", "end": "00:20:16", "text": "stock market South Korea is having a bit"}, {"start": "00:20:13", "end": "00:20:18", "text": "of a dump today minus 8.4. The good"}, {"start": "00:20:16", "end": "00:20:22", "text": "thing is that"}, {"start": "00:20:18", "end": "00:20:24", "text": "it never actually propagated into the US"}, {"start": "00:20:22", "end": "00:20:27", "text": "market. So so far so good. US market is"}, {"start": "00:20:24", "end": "00:20:28", "text": "strong. Uh people ask about Solana to"}, {"start": "00:20:27", "end": "00:20:32", "text": "30. Let's check if Sana's going to go to"}, {"start": "00:20:28", "end": "00:20:33", "text": "30 still. Uh I mean our analysis has not"}, {"start": "00:20:32", "end": "00:20:36", "text": "changed. In fact, it's more correct than"}, {"start": "00:20:33", "end": "00:20:38", "text": "it was here in January. We we talk about"}, {"start": "00:20:36", "end": "00:20:40", "text": "Salana to 30 since like January, guys."}, {"start": "00:20:38", "end": "00:20:42", "text": "So I would say it's even more correct"}, {"start": "00:20:40", "end": "00:20:45", "text": "now because we broke down the support."}, {"start": "00:20:42", "end": "00:20:46", "text": "We're going lower. The only thing that"}, {"start": "00:20:45", "end": "00:20:48", "text": "would change my mind is in case we're"}, {"start": "00:20:46", "end": "00:20:49", "text": "going to bull trend here at the 100"}, {"start": "00:20:48", "end": "00:20:51", "text": "bucks."}, {"start": "00:20:49", "end": "00:20:53", "text": "If Zana goes to 100 bucks, goes into"}, {"start": "00:20:51", "end": "00:20:55", "text": "bull trend on the money line, it's just"}, {"start": "00:20:53", "end": "00:20:59", "text": "less less likely. For now though, it is"}, {"start": "00:20:55", "end": "00:21:01", "text": "a big fat falling knife. Big fat nice"}, {"start": "00:20:59", "end": "00:21:04", "text": "falling knife. And by the way, someone"}, {"start": "00:21:01", "end": "00:21:07", "text": "said, let me actually go back to my"}, {"start": "00:21:04", "end": "00:21:09", "text": "Twitter here. I just want to highlight"}, {"start": "00:21:07", "end": "00:21:11", "text": "like people"}, {"start": "00:21:09", "end": "00:21:12", "text": "it's not normal. They don't understand"}, {"start": "00:21:11", "end": "00:21:14", "text": "like man most people in this market they"}, {"start": "00:21:12", "end": "00:21:16", "text": "have no clue about what they trade. They"}, {"start": "00:21:14", "end": "00:21:19", "text": "have no clue about how this market"}, {"start": "00:21:16", "end": "00:21:22", "text": "works. They have no clue about anything."}, {"start": "00:21:19", "end": "00:21:25", "text": "Basically now big shout to Sha Sha seems"}, {"start": "00:21:22", "end": "00:21:27", "text": "to be a big account but even big"}, {"start": "00:21:25", "end": "00:21:29", "text": "accounts he's saying this is not normal"}, {"start": "00:21:27", "end": "00:21:30", "text": "what do you mean not normal like look at"}, {"start": "00:21:29", "end": "00:21:32", "text": "any altcoin it looks like this look at"}, {"start": "00:21:30", "end": "00:21:34", "text": "avalanche look at dot like look at look"}, {"start": "00:21:32", "end": "00:21:37", "text": "at any altcoin this is the standard way"}, {"start": "00:21:34", "end": "00:21:39", "text": "altcoins behave in a bare market is the"}, {"start": "00:21:37", "end": "00:21:40", "text": "standard way there's no protection"}, {"start": "00:21:39", "end": "00:21:42", "text": "because you're a blue chip or you have"}, {"start": "00:21:40", "end": "00:21:45", "text": "big community or whatever you have if"}, {"start": "00:21:42", "end": "00:21:48", "text": "you have a bare trend you're going to go"}, {"start": "00:21:45", "end": "00:21:50", "text": "down 80 90% bare trend on the weekly"}, {"start": "00:21:48", "end": "00:21:52", "text": "ruthless. So I said listen uh actually"}, {"start": "00:21:50", "end": "00:21:53", "text": "performance is very normal for an"}, {"start": "00:21:52", "end": "00:21:55", "text": "altcoin in the bare trend extremely"}, {"start": "00:21:53", "end": "00:21:58", "text": "normal. Any altcoin in weekly bare trend"}, {"start": "00:21:55", "end": "00:22:01", "text": "can easily lose 80 90%. And Sana by the"}, {"start": "00:21:58", "end": "00:22:03", "text": "way is is down only 65%. So you have"}, {"start": "00:22:01", "end": "00:22:04", "text": "theoretically more downside and it would"}, {"start": "00:22:03", "end": "00:22:07", "text": "still be normal. It would still be"}, {"start": "00:22:04", "end": "00:22:09", "text": "normal. The same is true on the way up."}, {"start": "00:22:07", "end": "00:22:10", "text": "Should Sana go bullish, let's say go to"}, {"start": "00:22:09", "end": "00:22:13", "text": "100. Okay, we're bullish also. Okay,"}, {"start": "00:22:10", "end": "00:22:15", "text": "we're bullish also. No, no. By the way,"}, {"start": "00:22:13", "end": "00:22:18", "text": "harsh is harsh here. Harsh maybe will"}, {"start": "00:22:15", "end": "00:22:20", "text": "get his card then. Uh Harsh, you may"}, {"start": "00:22:18", "end": "00:22:23", "text": "have to wait until the next bull to get"}, {"start": "00:22:20", "end": "00:22:25", "text": "the car."}, {"start": "00:22:23", "end": "00:22:27", "text": "But we need bull trend for that. We need"}, {"start": "00:22:25", "end": "00:22:29", "text": "bull trend for that. Now it's still"}, {"start": "00:22:27", "end": "00:22:32", "text": "bare. So down downward pressure still"}, {"start": "00:22:29", "end": "00:22:33", "text": "bigger. So do not fade bare trends. Do"}, {"start": "00:22:32", "end": "00:22:34", "text": "not ignore mechanical rules. Very"}, {"start": "00:22:33", "end": "00:22:37", "text": "important. Mechanical rules so"}, {"start": "00:22:34", "end": "00:22:39", "text": "important. Uh and other similar. We"}, {"start": "00:22:37", "end": "00:22:41", "text": "mentioned other before. Where is the"}, {"start": "00:22:39", "end": "00:22:43", "text": "other tweet? I had it here somewhere."}, {"start": "00:22:41", "end": "00:22:44", "text": "Yeah, here. Man, Charles is so funny."}, {"start": "00:22:43", "end": "00:22:48", "text": "He's I don't know what happens to"}, {"start": "00:22:44", "end": "00:22:50", "text": "Charles. He He's freaking out. He's uh"}, {"start": "00:22:48", "end": "00:22:52", "text": "uh Now he here it's a bit of clown"}, {"start": "00:22:50", "end": "00:22:54", "text": "music, but uh yeah, let me play it."}, {"start": "00:22:52", "end": "00:22:57", "text": ">> We've survived for 10 years in the"}, {"start": "00:22:54", "end": "00:23:00", "text": "trenches. We have a brand. There's"}, {"start": "00:22:57", "end": "00:23:04", "text": "people, good people everywhere,"}, {"start": "00:23:00", "end": "00:23:06", "text": ">> but we're losing them week by week by"}, {"start": "00:23:04", "end": "00:23:07", "text": "week."}, {"start": "00:23:06", "end": "00:23:10", "text": ">> It's total meltdown. It's total"}, {"start": "00:23:07", "end": "00:23:11", "text": "meltdown. Guys, the problem is that like"}, {"start": "00:23:10", "end": "00:23:13", "text": "meltdown is happening, but we're down"}, {"start": "00:23:11", "end": "00:23:15", "text": "already so much, man. We're down so"}, {"start": "00:23:13", "end": "00:23:17", "text": "much. Meltdown should be happening in"}, {"start": "00:23:15", "end": "00:23:18", "text": "your brain when you see bare trend. I"}, {"start": "00:23:17", "end": "00:23:21", "text": "mean, that's why as soon as we saw bare"}, {"start": "00:23:18", "end": "00:23:22", "text": "trend in Q4 2025, we were we had"}, {"start": "00:23:21", "end": "00:23:24", "text": "instant, you know, we're out. We're out."}, {"start": "00:23:22", "end": "00:23:26", "text": "We're teleporting out. We're teleporting"}, {"start": "00:23:24", "end": "00:23:29", "text": "out. It's like this meme, you know,"}, {"start": "00:23:26", "end": "00:23:30", "text": "Homer backing into the bush. Okay, we're"}, {"start": "00:23:29", "end": "00:23:31", "text": "out. The same thing. Bull trends are"}, {"start": "00:23:30", "end": "00:23:33", "text": "going to come. I will tell you in real"}, {"start": "00:23:31", "end": "00:23:35", "text": "time here on the channel when bull"}, {"start": "00:23:33", "end": "00:23:37", "text": "trends come, we're going to be grabbing"}, {"start": "00:23:35", "end": "00:23:40", "text": "everything with both hands. Whether it's"}, {"start": "00:23:37", "end": "00:23:42", "text": "Cardano, whatever, other crap, fugazi,"}, {"start": "00:23:40", "end": "00:23:43", "text": "vaporware, still going to be grabbing,"}, {"start": "00:23:42", "end": "00:23:45", "text": "man. Even XRP we're going to grab if it"}, {"start": "00:23:43", "end": "00:23:48", "text": "goes into [�__�]"}, {"start": "00:23:45", "end": "00:23:50", "text": "Now he said he's leaving then he said"}, {"start": "00:23:48", "end": "00:23:52", "text": "he's not leaving but he did say he's"}, {"start": "00:23:50", "end": "00:23:56", "text": "taking a a break. He's taking a break."}, {"start": "00:23:52", "end": "00:23:58", "text": "Talk to you later. Uh yeah that's it."}, {"start": "00:23:56", "end": "00:24:00", "text": "That's it. He's taking a break. But from"}, {"start": "00:23:58", "end": "00:24:02", "text": "what man it's been bare market from what"}, {"start": "00:24:00", "end": "00:24:03", "text": "are you taking break? It's been bare"}, {"start": "00:24:02", "end": "00:24:05", "text": "market and after bull market I"}, {"start": "00:24:03", "end": "00:24:06", "text": "understand if you had a bull market you"}, {"start": "00:24:05", "end": "00:24:08", "text": "had many things new launches new"}, {"start": "00:24:06", "end": "00:24:09", "text": "partnerships new new things that got"}, {"start": "00:24:08", "end": "00:24:11", "text": "launched then I understand that you need"}, {"start": "00:24:09", "end": "00:24:12", "text": "a break. But in the bare market from"}, {"start": "00:24:11", "end": "00:24:14", "text": "what you need a break. I mean nothing"}, {"start": "00:24:12", "end": "00:24:16", "text": "has happened here. What has happened in"}, {"start": "00:24:14", "end": "00:24:18", "text": "the bare market? Nothing has happened"}, {"start": "00:24:16", "end": "00:24:19", "text": "here. Why you need a break? In the bull"}, {"start": "00:24:18", "end": "00:24:22", "text": "market guys I understand. I understand."}, {"start": "00:24:19", "end": "00:24:25", "text": "I mean bull market fully understand. You"}, {"start": "00:24:22", "end": "00:24:27", "text": "have if you have a good chain with a"}, {"start": "00:24:25", "end": "00:24:29", "text": "good team you have integrations projects"}, {"start": "00:24:27", "end": "00:24:31", "text": "new coins launching on your chain new"}, {"start": "00:24:29", "end": "00:24:33", "text": "dexes so much to organize all of the"}, {"start": "00:24:31", "end": "00:24:35", "text": "conferences all of the you know getting"}, {"start": "00:24:33", "end": "00:24:37", "text": "the users getting the volume getting the"}, {"start": "00:24:35", "end": "00:24:39", "text": "TVL then you need a break then but even"}, {"start": "00:24:37", "end": "00:24:41", "text": "that you didn't do in Cardano. I don't"}, {"start": "00:24:39", "end": "00:24:44", "text": "know where where where break is needed"}, {"start": "00:24:41", "end": "00:24:46", "text": "but uh yeah you're on your own guys if"}, {"start": "00:24:44", "end": "00:24:48", "text": "you have ada you're on your own only I'm"}, {"start": "00:24:46", "end": "00:24:49", "text": "here for you only I'm here for you but"}, {"start": "00:24:48", "end": "00:24:51", "text": "not currently because currently it's"}, {"start": "00:24:49", "end": "00:24:55", "text": "bare trend still and it's going to"}, {"start": "00:24:51", "end": "00:24:57", "text": "alltime low and uh the only good news I"}, {"start": "00:24:55", "end": "00:24:59", "text": "have for you is that the volume has been"}, {"start": "00:24:57", "end": "00:25:02", "text": "quite high here on this breakdown which"}, {"start": "00:24:59", "end": "00:25:04", "text": "is potentially is a local low when you"}, {"start": "00:25:02", "end": "00:25:05", "text": "have such a high volume I mean sometimes"}, {"start": "00:25:04", "end": "00:25:07", "text": "it's a bit bullish because it's a local"}, {"start": "00:25:05", "end": "00:25:09", "text": "low also another bullish thing is that"}, {"start": "00:25:07", "end": "00:25:11", "text": "you have a support here. Uh, okay. You"}, {"start": "00:25:09", "end": "00:25:13", "text": "have a support. Maybe it's going to be"}, {"start": "00:25:11", "end": "00:25:15", "text": "used, but yeah, it's looking very bad,"}, {"start": "00:25:13", "end": "00:25:17", "text": "guys. It's looking very bad. Uh,"}, {"start": "00:25:15", "end": "00:25:18", "text": "wouldn't surprise me if we go lower."}, {"start": "00:25:17", "end": "00:25:20", "text": "Okay. So, I'm not here for you yet, but"}, {"start": "00:25:18", "end": "00:25:23", "text": "I will be here for you in case it goes"}, {"start": "00:25:20", "end": "00:25:24", "text": "bull trend. Okay. So, hang out. Hang in"}, {"start": "00:25:23", "end": "00:25:27", "text": "there. Hang in there. Don't hang out"}, {"start": "00:25:24", "end": "00:25:29", "text": "there, but hang in there. Uh, let me"}, {"start": "00:25:27", "end": "00:25:31", "text": "know in the comment section if you are"}, {"start": "00:25:29", "end": "00:25:33", "text": "somewhere here still holding it. But,"}, {"start": "00:25:31", "end": "00:25:35", "text": "you know, this this importance of uh not"}, {"start": "00:25:33", "end": "00:25:37", "text": "being in mental prison. I actually had"}, {"start": "00:25:35", "end": "00:25:38", "text": "one one guy in our community say that"}, {"start": "00:25:37", "end": "00:25:41", "text": "he's so happy that he broke mental"}, {"start": "00:25:38", "end": "00:25:44", "text": "prison. Was it this guy? Uh here here"}, {"start": "00:25:41", "end": "00:25:47", "text": "your boy Axel said that he just joined"}, {"start": "00:25:44", "end": "00:25:49", "text": "recently making a bank from old mental"}, {"start": "00:25:47", "end": "00:25:52", "text": "prison this week. Basically, you know,"}, {"start": "00:25:49", "end": "00:25:54", "text": "getting out of uh avalanche shorting the"}, {"start": "00:25:52", "end": "00:25:55", "text": "crap. Okay, instead of just holding it"}, {"start": "00:25:54", "end": "00:25:58", "text": "for years, you know, you're in metal"}, {"start": "00:25:55", "end": "00:26:00", "text": "prison. Please recover. Please recover."}, {"start": "00:25:58", "end": "00:26:03", "text": "He's been there for years holding this"}, {"start": "00:26:00", "end": "00:26:05", "text": "crap and now entered Bulmania, got the"}, {"start": "00:26:03", "end": "00:26:07", "text": "mechanical rules, got all of the tools,"}, {"start": "00:26:05", "end": "00:26:09", "text": "got everything needed. Bam. Fantastic."}, {"start": "00:26:07", "end": "00:26:10", "text": "Then he said, \"I made two other trades"}, {"start": "00:26:09", "end": "00:26:12", "text": "like this since Monday, but forgot"}, {"start": "00:26:10", "end": "00:26:14", "text": "them.\" There you go. There you go. Then"}, {"start": "00:26:12", "end": "00:26:16", "text": "big shout also to Kenny who shorted the"}, {"start": "00:26:14", "end": "00:26:18", "text": "crap out of Zcash when we did see the"}, {"start": "00:26:16", "end": "00:26:21", "text": "the collapse on lower time frames."}, {"start": "00:26:18", "end": "00:26:23", "text": "Fantastic. Fantastic. Uh Figaro Figaro"}, {"start": "00:26:21", "end": "00:26:25", "text": "making progress this week in Bulmania."}, {"start": "00:26:23", "end": "00:26:26", "text": "It was definitely a week for shorting."}, {"start": "00:26:25", "end": "00:26:28", "text": "Exactly. Now we have shorting season."}, {"start": "00:26:26", "end": "00:26:30", "text": "Bitcoin is bearish on daily and weekly."}, {"start": "00:26:28", "end": "00:26:32", "text": "It is shorting season now. Then you have"}, {"start": "00:26:30", "end": "00:26:34", "text": "Ted. What is Ted doing? He's saying just"}, {"start": "00:26:32", "end": "00:26:36", "text": "put mechanical rules to work on a"}, {"start": "00:26:34", "end": "00:26:37", "text": "15-minute long for Zcash. Letting the"}, {"start": "00:26:36", "end": "00:26:40", "text": "adrenaline settle. There you go. There"}, {"start": "00:26:37", "end": "00:26:41", "text": "you go. So, there's always something to"}, {"start": "00:26:40", "end": "00:26:42", "text": "trade, guys. In lower time frames,"}, {"start": "00:26:41", "end": "00:26:44", "text": "there's always something to trade."}, {"start": "00:26:42", "end": "00:26:46", "text": "Mooncat, man. Mooncat is killing it. I"}, {"start": "00:26:44", "end": "00:26:48", "text": "have some nice one. Didn't close yet."}, {"start": "00:26:46", "end": "00:26:49", "text": "Still waiting. Let's see how it goes."}, {"start": "00:26:48", "end": "00:26:51", "text": "Big shout to Mooncat, which is, by the"}, {"start": "00:26:49", "end": "00:26:53", "text": "way, a lazy. I didn't know that. I"}, {"start": "00:26:51", "end": "00:26:56", "text": "thought Mooncat was a dude until uh"}, {"start": "00:26:53", "end": "00:26:58", "text": "maybe like a week ago when uh when uh"}, {"start": "00:26:56", "end": "00:27:00", "text": "she revealed she's actually not a dude."}, {"start": "00:26:58", "end": "00:27:03", "text": "Okay."}, {"start": "00:27:00", "end": "00:27:05", "text": "Okay. Uh Anna shorting Anna also"}, {"start": "00:27:03", "end": "00:27:08", "text": "Mooncat. Fantastic. Fantastic. So we do"}, {"start": "00:27:05", "end": "00:27:10", "text": "have maybe one lady uh Jason. Oh yeah."}, {"start": "00:27:08", "end": "00:27:13", "text": "Yeah. So this guy attack Jason. Why?"}, {"start": "00:27:10", "end": "00:27:15", "text": "Because Jason gives all kinds. This is"}, {"start": "00:27:13", "end": "00:27:17", "text": "our Chinese quant. All kinds of trade"}, {"start": "00:27:15", "end": "00:27:18", "text": "setups every day. Every day. Every day."}, {"start": "00:27:17", "end": "00:27:19", "text": "Every day. Every day. Every day. So"}, {"start": "00:27:18", "end": "00:27:22", "text": "anyway, big shout out to everyone in"}, {"start": "00:27:19", "end": "00:27:24", "text": "Bullmania. Keep sharing gains. Keep"}, {"start": "00:27:22", "end": "00:27:27", "text": "motivating the the playbas around the"}, {"start": "00:27:24", "end": "00:27:29", "text": "world with your success. Uh turtle is"}, {"start": "00:27:27", "end": "00:27:30", "text": "saying just small practice some practice"}, {"start": "00:27:29", "end": "00:27:32", "text": "with small amounts but still percentage"}, {"start": "00:27:30", "end": "00:27:34", "text": "gain. Exactly. Don't actually you don't"}, {"start": "00:27:32", "end": "00:27:36", "text": "need to worry about big percent gain. I"}, {"start": "00:27:34", "end": "00:27:38", "text": "always tell that it's always fun to show"}, {"start": "00:27:36", "end": "00:27:40", "text": "you know 100% 500% is always fun but"}, {"start": "00:27:38", "end": "00:27:42", "text": "don't worry about that. If you can can"}, {"start": "00:27:40", "end": "00:27:44", "text": "just get 10% 20% and you can repeat"}, {"start": "00:27:42", "end": "00:27:47", "text": "that. You can repeat that. I mean look"}, {"start": "00:27:44", "end": "00:27:49", "text": "at the compounding in that. Um if if you"}, {"start": "00:27:47", "end": "00:27:51", "text": "can have a repeatable way to even get"}, {"start": "00:27:49", "end": "00:27:53", "text": "this you know and even on smaller"}, {"start": "00:27:51", "end": "00:27:54", "text": "amounts because with risk management"}, {"start": "00:27:53", "end": "00:27:56", "text": "with stop- loss with position position"}, {"start": "00:27:54", "end": "00:27:58", "text": "sizing you never risk a big part of your"}, {"start": "00:27:56", "end": "00:28:00", "text": "portfolio but if you know if you can"}, {"start": "00:27:58", "end": "00:28:02", "text": "repeat this and on on small part of your"}, {"start": "00:28:00", "end": "00:28:04", "text": "portfolio man it's fantastic it's"}, {"start": "00:28:02", "end": "00:28:06", "text": "fantastic so power of the mechanical"}, {"start": "00:28:04", "end": "00:28:09", "text": "rules right there guys I I cannot let"}, {"start": "00:28:06", "end": "00:28:11", "text": "this go I cannot let this go because"}, {"start": "00:28:09", "end": "00:28:14", "text": "the the the prophecy came true the"}, {"start": "00:28:11", "end": "00:28:16", "text": "prophecy came true the role prophecy he"}, {"start": "00:28:14", "end": "00:28:19", "text": "just entered Zeke Zcash man. He just"}, {"start": "00:28:16", "end": "00:28:21", "text": "entered Zcash and you know what happened"}, {"start": "00:28:19", "end": "00:28:22", "text": "to Zcash last week. Let me just play"}, {"start": "00:28:21", "end": "00:28:24", "text": "with this."}, {"start": "00:28:22", "end": "00:28:26", "text": ">> So we've chosen some of the most trusted"}, {"start": "00:28:24", "end": "00:28:29", "text": "names in the space to work with us to"}, {"start": "00:28:26", "end": "00:28:32", "text": "help provide this for free. So BlockFi"}, {"start": "00:28:29", "end": "00:28:35", "text": "and Silvergate have teamed up to partner"}, {"start": "00:28:32", "end": "00:28:37", "text": "this so we can bring this to all of you"}, {"start": "00:28:35", "end": "00:28:39", "text": "and for you to share it with as many"}, {"start": "00:28:37", "end": "00:28:40", "text": "people as possible. I think you know by"}, {"start": "00:28:39", "end": "00:28:44", "text": "now how important this digital"}, {"start": "00:28:40", "end": "00:28:47", "text": "revolution is and I urge you to take"}, {"start": "00:28:44", "end": "00:28:49", "text": "part in this stuff like terror network"}, {"start": "00:28:47", "end": "00:28:51", "text": "you can just put money stake the network"}, {"start": "00:28:49", "end": "00:28:54", "text": "and get 20%."}, {"start": "00:28:51", "end": "00:28:56", "text": "And they're basically risk-free if you"}, {"start": "00:28:54", "end": "00:28:59", "text": "want to own that network."}, {"start": "00:28:56", "end": "00:29:00", "text": ">> I'm massively overweight"}, {"start": "00:28:59", "end": "00:29:02", "text": ">> oversold"}, {"start": "00:29:00", "end": "00:29:05", "text": ">> massively."}, {"start": "00:29:02", "end": "00:29:08", "text": ">> Can I ask you percentages wise more more"}, {"start": "00:29:05", "end": "00:29:10", "text": "or less? I'm definitely over 70%. Sweet."}, {"start": "00:29:08", "end": "00:29:12", "text": "And that's not anything to do with the"}, {"start": "00:29:10", "end": "00:29:15", "text": "foundation that I'm on. That's my just"}, {"start": "00:29:12", "end": "00:29:16", "text": "capital allocation of my savings. And"}, {"start": "00:29:15", "end": "00:29:18", "text": ">> um I added"}, {"start": "00:29:16", "end": "00:29:19", "text": ">> some Zcash."}, {"start": "00:29:18", "end": "00:29:21", "text": ">> Why?"}, {"start": "00:29:19", "end": "00:29:24", "text": ">> I bought more Suie obviously. Um but I"}, {"start": "00:29:21", "end": "00:29:26", "text": "added"}, {"start": "00:29:24", "end": "00:29:27", "text": ">> but it just felt that the prophecy came"}, {"start": "00:29:26", "end": "00:29:29", "text": "true because you remember we actually"}, {"start": "00:29:27", "end": "00:29:32", "text": "watched this video like two weeks ago"}, {"start": "00:29:29", "end": "00:29:34", "text": "when R Paul added Zcash. And I mean,"}, {"start": "00:29:32", "end": "00:29:35", "text": "part of me knew that, holy crap, if R"}, {"start": "00:29:34", "end": "00:29:37", "text": "Paul is interesting in Zcash, maybe"}, {"start": "00:29:35", "end": "00:29:38", "text": "something's going to happen. I don't"}, {"start": "00:29:37", "end": "00:29:40", "text": "know. But this track record, I thought,"}, {"start": "00:29:38", "end": "00:29:41", "text": "man, maybe something's going to happen."}, {"start": "00:29:40", "end": "00:29:43", "text": "Maybe something's going to happen. And"}, {"start": "00:29:41", "end": "00:29:46", "text": "yes, indeed, it went from 600 to 300"}, {"start": "00:29:43", "end": "00:29:48", "text": "now. Okay. U maybe it recovers now."}, {"start": "00:29:46", "end": "00:29:49", "text": "Likely, it's going to be okay. Likely is"}, {"start": "00:29:48", "end": "00:29:50", "text": "going to be okay because the team is"}, {"start": "00:29:49", "end": "00:29:52", "text": "good. Like the team is actually good."}, {"start": "00:29:50", "end": "00:29:55", "text": "Like they're responsible. They're doing"}, {"start": "00:29:52", "end": "00:29:57", "text": "it correctly. Uh but I couldn't let it"}, {"start": "00:29:55", "end": "00:30:00", "text": "go that it was right when he was cash."}, {"start": "00:29:57", "end": "00:30:01", "text": "Anyway guys, that's it. Let's go to Q&A,"}, {"start": "00:30:00", "end": "00:30:02", "text": "questions, answers, debates,"}, {"start": "00:30:01", "end": "00:30:05", "text": "discussions. Let's go as soon as"}, {"start": "00:30:02", "end": "00:30:08", "text": "possible. Big shout out to the mods, to"}, {"start": "00:30:05", "end": "00:30:11", "text": "Will, to Matt, the safeguarding the"}, {"start": "00:30:08", "end": "00:30:14", "text": "chat. Let's play the intro and we go to"}, {"start": "00:30:11", "end": "00:30:14", "text": "Q&A."}, {"start": "00:30:19", "end": "00:30:24", "text": "There you go. There you go. By the way,"}, {"start": "00:30:21", "end": "00:30:26", "text": "for the book, Big Profits, my journey,"}, {"start": "00:30:24", "end": "00:30:28", "text": "my big losses, that I explain everything"}, {"start": "00:30:26", "end": "00:30:30", "text": "in the book. very personal, very"}, {"start": "00:30:28", "end": "00:30:32", "text": "intimate even you can say uh also in"}, {"start": "00:30:30", "end": "00:30:34", "text": "description for big profits. If you want"}, {"start": "00:30:32", "end": "00:30:36", "text": "to get big profit, it's it's very"}, {"start": "00:30:34", "end": "00:30:38", "text": "important."}, {"start": "00:30:36", "end": "00:30:41", "text": "It's very important. Okay, let's go."}, {"start": "00:30:38", "end": "00:30:44", "text": "Let's go to Q&A. Yo, Harsh asking, can I"}, {"start": "00:30:41", "end": "00:30:46", "text": "get So, Harsh, go to the uh go to the"}, {"start": "00:30:44", "end": "00:30:48", "text": "bulling.com, get into weight list. We're"}, {"start": "00:30:46", "end": "00:30:51", "text": "going to let you know when we open up"}, {"start": "00:30:48", "end": "00:30:53", "text": "new spots. And now we're fully full like"}, {"start": "00:30:51", "end": "00:30:55", "text": "it's it's been crazy since this dump"}, {"start": "00:30:53", "end": "00:30:58", "text": "where we fell. I think many people saw"}, {"start": "00:30:55", "end": "00:31:00", "text": "holy crap the Mechanical rules work,"}, {"start": "00:30:58", "end": "00:31:02", "text": "man. Mechanical rules work. And here on"}, {"start": "00:31:00", "end": "00:31:04", "text": "YouTube, you know, we explain the big"}, {"start": "00:31:02", "end": "00:31:06", "text": "assets, the, you know, Bitcoin, but uh"}, {"start": "00:31:04", "end": "00:31:08", "text": "there are endless assets that are moving"}, {"start": "00:31:06", "end": "00:31:09", "text": "every day. Every every day that so"}, {"start": "00:31:08", "end": "00:31:11", "text": "that's where you need the mechanical"}, {"start": "00:31:09", "end": "00:31:13", "text": "rules yourself."}, {"start": "00:31:11", "end": "00:31:16", "text": "Should I go all in Bitcoin now or wait"}, {"start": "00:31:13", "end": "00:31:17", "text": "lower? I mean, this question is it"}, {"start": "00:31:16", "end": "00:31:19", "text": "depends fully on who you are. I would"}, {"start": "00:31:17", "end": "00:31:22", "text": "say if you are uh let's say you are"}, {"start": "00:31:19", "end": "00:31:24", "text": "hodler you really believe in crypto you"}, {"start": "00:31:22", "end": "00:31:26", "text": "don't really care about other assets too"}, {"start": "00:31:24", "end": "00:31:29", "text": "much then DCAing here like putting in a"}, {"start": "00:31:26", "end": "00:31:31", "text": "nice weekly DCA here around 200 moving"}, {"start": "00:31:29", "end": "00:31:34", "text": "average even if it goes lower fantastic"}, {"start": "00:31:31", "end": "00:31:36", "text": "fantastic now if you are more of a how"}, {"start": "00:31:34", "end": "00:31:38", "text": "to say 360 investor where you are"}, {"start": "00:31:36", "end": "00:31:40", "text": "exposed to other asset classes then I"}, {"start": "00:31:38", "end": "00:31:43", "text": "would say wait until the bull flip"}, {"start": "00:31:40", "end": "00:31:45", "text": "because you may have a situation like"}, {"start": "00:31:43", "end": "00:31:47", "text": "back here where it is I mean it was good"}, {"start": "00:31:45", "end": "00:31:48", "text": "price here it went a bit power, but you"}, {"start": "00:31:47", "end": "00:31:50", "text": "wasted half a year. You know, half a"}, {"start": "00:31:48", "end": "00:31:52", "text": "year in the stock market can be quite"}, {"start": "00:31:50", "end": "00:31:54", "text": "insane. It can be I mean, just look at"}, {"start": "00:31:52", "end": "00:31:57", "text": "the last half a year in the in the stock"}, {"start": "00:31:54", "end": "00:31:59", "text": "market. So, it depends really. I mean,"}, {"start": "00:31:57", "end": "00:32:01", "text": "who you are, what your goal is. I would"}, {"start": "00:31:59", "end": "00:32:04", "text": "say if you're a holder, just know"}, {"start": "00:32:01", "end": "00:32:07", "text": "accumulate crypto, accumulate uh coins,"}, {"start": "00:32:04", "end": "00:32:09", "text": "then yes, it's good, but just know that"}, {"start": "00:32:07", "end": "00:32:11", "text": "you may have"}, {"start": "00:32:09", "end": "00:32:13", "text": "uh you may have a situation where your"}, {"start": "00:32:11", "end": "00:32:15", "text": "capital is not really working perfectly"}, {"start": "00:32:13", "end": "00:32:17", "text": "for you. I mean just to show you here"}, {"start": "00:32:15", "end": "00:32:19", "text": "within this is looking at the stocks"}, {"start": "00:32:17", "end": "00:32:21", "text": "within the last four months uh the last"}, {"start": "00:32:19", "end": "00:32:23", "text": "few months like this happened like this"}, {"start": "00:32:21", "end": "00:32:26", "text": "tech create group pumped almost 2,000%."}, {"start": "00:32:23", "end": "00:32:28", "text": "Uh you let me just look at the US US"}, {"start": "00:32:26", "end": "00:32:29", "text": "because here's China and Singapore and"}, {"start": "00:32:28", "end": "00:32:32", "text": "everything. Yeah. Western Digital up"}, {"start": "00:32:29", "end": "00:32:35", "text": "1,000% since a year ago. Remalda 600%"}, {"start": "00:32:32", "end": "00:32:38", "text": "TTM 580 Kodak and this is just recent"}, {"start": "00:32:35", "end": "00:32:41", "text": "bull bull flip uh 10 months ago this"}, {"start": "00:32:38", "end": "00:32:43", "text": "thing uh bandwidth 300 something"}, {"start": "00:32:41", "end": "00:32:45", "text": "something Intel 300% 9 months ago. So"}, {"start": "00:32:43", "end": "00:32:47", "text": "you see you miss six months. It's a big"}, {"start": "00:32:45", "end": "00:32:48", "text": "chunk of this um of these gains. Now"}, {"start": "00:32:47", "end": "00:32:50", "text": "obviously the stock market can also"}, {"start": "00:32:48", "end": "00:32:53", "text": "dump. It can also dump. There's you you"}, {"start": "00:32:50", "end": "00:32:55", "text": "need to follow trends here also. But um"}, {"start": "00:32:53", "end": "00:32:58", "text": "there are two two arch how to say"}, {"start": "00:32:55", "end": "00:33:00", "text": "archetypes archetypes of a tra of trader"}, {"start": "00:32:58", "end": "00:33:02", "text": "and investor. Crypto only and 360. For"}, {"start": "00:33:00", "end": "00:33:04", "text": "crypto only I think now it's quite good."}, {"start": "00:33:02", "end": "00:33:06", "text": "You will not go wrong here by DCAing"}, {"start": "00:33:04", "end": "00:33:08", "text": "here. If you're three 360 and your"}, {"start": "00:33:06", "end": "00:33:11", "text": "capital needs to be in the best possible"}, {"start": "00:33:08", "end": "00:33:12", "text": "uh position it's still not crypto and"}, {"start": "00:33:11", "end": "00:33:14", "text": "even not Bitcoin because it's in bare"}, {"start": "00:33:12", "end": "00:33:16", "text": "trend. You want to be in bull trends."}, {"start": "00:33:14", "end": "00:33:17", "text": "Okay, so up up to you which one you are."}, {"start": "00:33:16", "end": "00:33:20", "text": "Let me know in the comment section which"}, {"start": "00:33:17", "end": "00:33:20", "text": "one you think you are."}, {"start": "00:33:22", "end": "00:33:28", "text": "Yo Harsh, uh any chance for Suyu or"}, {"start": "00:33:25", "end": "00:33:31", "text": "Aptos left to go to alltime high? Yeah,"}, {"start": "00:33:28", "end": "00:33:32", "text": "I mean there's chance. Always chance,"}, {"start": "00:33:31", "end": "00:33:34", "text": "man. There's always chance. Never say"}, {"start": "00:33:32", "end": "00:33:35", "text": "never. I mean you know we are pro"}, {"start": "00:33:34", "end": "00:33:37", "text": "probabilistic."}, {"start": "00:33:35", "end": "00:33:40", "text": "There's always chance. When they pump,"}, {"start": "00:33:37", "end": "00:33:41", "text": "they can pump quite quick. Uh so there's"}, {"start": "00:33:40", "end": "00:33:44", "text": "always a chance. I mean, just look in"}, {"start": "00:33:41", "end": "00:33:46", "text": "the last bear here. It went down 77%."}, {"start": "00:33:44", "end": "00:33:48", "text": "And then came back and set the new"}, {"start": "00:33:46", "end": "00:33:51", "text": "alltime high. Let's say here, let's see"}, {"start": "00:33:48", "end": "00:33:53", "text": "here. It went down 85%. Can it go back"}, {"start": "00:33:51", "end": "00:33:55", "text": "in new alltime high? I mean, it's"}, {"start": "00:33:53", "end": "00:33:58", "text": "possible. It's possible."}, {"start": "00:33:55", "end": "00:34:01", "text": "Um, I wouldn't count on it just hodling,"}, {"start": "00:33:58", "end": "00:34:03", "text": "but I would be interested in sui if we"}, {"start": "00:34:01", "end": "00:34:05", "text": "go bull on the weekly, then I'm"}, {"start": "00:34:03", "end": "00:34:07", "text": "interested. If you just hodddle huddle"}, {"start": "00:34:05", "end": "00:34:10", "text": "huddle you know hoping for it to come"}, {"start": "00:34:07", "end": "00:34:12", "text": "back as you know with mechanical rules"}, {"start": "00:34:10", "end": "00:34:14", "text": "it's not what we do. It's not what we do"}, {"start": "00:34:12", "end": "00:34:17", "text": "because uh I mean people hodddled here"}, {"start": "00:34:14", "end": "00:34:19", "text": "and hodddled here and yeah you it's very"}, {"start": "00:34:17", "end": "00:34:22", "text": "bad. It's just holding is very bad. But"}, {"start": "00:34:19", "end": "00:34:26", "text": "if you are in such a position uh I would"}, {"start": "00:34:22", "end": "00:34:28", "text": "uh uh look at either moving assets into"}, {"start": "00:34:26", "end": "00:34:30", "text": "a bull trend into something that has a"}, {"start": "00:34:28", "end": "00:34:32", "text": "bullish trend which is by the way not"}, {"start": "00:34:30", "end": "00:34:35", "text": "too many things. It's like Zcash hype"}, {"start": "00:34:32", "end": "00:34:37", "text": "and a few others. Um, or if you really"}, {"start": "00:34:35", "end": "00:34:39", "text": "love SUI, I mean, you can just huddle"}, {"start": "00:34:37", "end": "00:34:41", "text": "and see where this takes you to. Uh, but"}, {"start": "00:34:39", "end": "00:34:43", "text": "I wouldn't recommend that just from a"}, {"start": "00:34:41", "end": "00:34:45", "text": "risk perspective. I wouldn't recommend"}, {"start": "00:34:43", "end": "00:34:46", "text": "that. Instead, I would be in bull"}, {"start": "00:34:45", "end": "00:34:49", "text": "trends. If this thing goes bullish,"}, {"start": "00:34:46", "end": "00:34:53", "text": "great. Then we're also bullish. Uh,"}, {"start": "00:34:49", "end": "00:34:54", "text": "let's see. Apptos. Aptos. Aptostos."}, {"start": "00:34:53", "end": "00:34:55", "text": "But to answer your question, anything"}, {"start": "00:34:54", "end": "00:34:59", "text": "has chance to go to alltime high. Yes,"}, {"start": "00:34:55", "end": "00:35:02", "text": "it has chance. Oh man, what is this?"}, {"start": "00:34:59", "end": "00:35:08", "text": "Is there another change with more"}, {"start": "00:35:02", "end": "00:35:11", "text": "history or is down only on all of oh who"}, {"start": "00:35:08", "end": "00:35:13", "text": "let's see maybe this okay maybe cracking"}, {"start": "00:35:11", "end": "00:35:17", "text": "is better"}, {"start": "00:35:13", "end": "00:35:17", "text": "oh my god"}, {"start": "00:35:18", "end": "00:35:23", "text": "oh y this is the problem with uh bare"}, {"start": "00:35:21", "end": "00:35:25", "text": "chan guys it can always go lower man it"}, {"start": "00:35:23", "end": "00:35:27", "text": "always go lower people thought is down"}, {"start": "00:35:25", "end": "00:35:30", "text": "80% it goes down another 80% off oh my"}, {"start": "00:35:27", "end": "00:35:32", "text": "god holy crap Crap."}, {"start": "00:35:30", "end": "00:35:34", "text": "Holy crap. From this high. I mean, even"}, {"start": "00:35:32", "end": "00:35:37", "text": "you see people people thought that they"}, {"start": "00:35:34", "end": "00:35:39", "text": "have a discount here down 75%."}, {"start": "00:35:37", "end": "00:35:42", "text": "Okay. To here. The problem is it went"}, {"start": "00:35:39", "end": "00:35:46", "text": "75% down and now it went down another"}, {"start": "00:35:42", "end": "00:35:48", "text": "90%. Oh my god, guys. Yeah. Yeah. I"}, {"start": "00:35:46", "end": "00:35:49", "text": "mean, there is you see yourself there's"}, {"start": "00:35:48", "end": "00:35:52", "text": "there's nothing more to say. So that's"}, {"start": "00:35:49", "end": "00:35:54", "text": "why you know when you ask me about Sui"}, {"start": "00:35:52", "end": "00:35:55", "text": "uh when it's down a lot, it can always"}, {"start": "00:35:54", "end": "00:35:57", "text": "go lower. That's the problem with"}, {"start": "00:35:55", "end": "00:35:59", "text": "holding Bchanges. We can always go."}, {"start": "00:35:57", "end": "00:36:00", "text": "There's another leg down. Always in bare"}, {"start": "00:35:59", "end": "00:36:02", "text": "trend. Always. You will you would be"}, {"start": "00:36:00", "end": "00:36:05", "text": "surprised how market invents new leg"}, {"start": "00:36:02", "end": "00:36:07", "text": "down. There's always another leg down."}, {"start": "00:36:05", "end": "00:36:09", "text": "Okay. There's always another leg down."}, {"start": "00:36:07", "end": "00:36:12", "text": "Remember in bare in bare trend there is"}, {"start": "00:36:09", "end": "00:36:15", "text": "always another leg down. You are uh very"}, {"start": "00:36:12", "end": "00:36:17", "text": "unlikely that you bought the dip and the"}, {"start": "00:36:15", "end": "00:36:19", "text": "and we now uh moon. Very unlikely. More"}, {"start": "00:36:17", "end": "00:36:22", "text": "likely you bought the dip and we have 50"}, {"start": "00:36:19", "end": "00:36:25", "text": "more dips. Okay. So it is the hard"}, {"start": "00:36:22", "end": "00:36:27", "text": "truth. Uh sometimes people say Ivan you"}, {"start": "00:36:25", "end": "00:36:29", "text": "should sugarcoat more or you know you're"}, {"start": "00:36:27", "end": "00:36:30", "text": "not sensitive to people's losses. I"}, {"start": "00:36:29", "end": "00:36:32", "text": "don't know guys maybe I'm outic. I'm"}, {"start": "00:36:30", "end": "00:36:35", "text": "just telling you how it is. Uh maybe"}, {"start": "00:36:32", "end": "00:36:36", "text": "someone else can sugarcoat you. But the"}, {"start": "00:36:35", "end": "00:36:38", "text": "problem is you know they sugarcoat you."}, {"start": "00:36:36", "end": "00:36:40", "text": "You lose even more. I mean it's uh I"}, {"start": "00:36:38", "end": "00:36:42", "text": "think many people in this industry have"}, {"start": "00:36:40", "end": "00:36:44", "text": "to grow up. Like sometimes, especially"}, {"start": "00:36:42", "end": "00:36:46", "text": "on Twitter, when I say things, hey, you"}, {"start": "00:36:44", "end": "00:36:48", "text": "know, look at what we've been doing, our"}, {"start": "00:36:46", "end": "00:36:50", "text": "track record. Look at the wrong track"}, {"start": "00:36:48", "end": "00:36:53", "text": "record that you've seen AND PEOPLE, OH"}, {"start": "00:36:50", "end": "00:36:55", "text": "NO, IVAN, WHY ARE YOU like enjoying"}, {"start": "00:36:53", "end": "00:36:56", "text": "other people's losses? Why? Why? Like,"}, {"start": "00:36:55", "end": "00:36:58", "text": "you were in freaking kindergarten, man."}, {"start": "00:36:56", "end": "00:37:00", "text": "Are you Are you five or what? What are"}, {"start": "00:36:58", "end": "00:37:02", "text": "you? Okay, you're sad. Okay, you're sad."}, {"start": "00:37:00", "end": "00:37:04", "text": "So, what we we should feel sorry or what"}, {"start": "00:37:02", "end": "00:37:06", "text": "you want to us to to sing Kumbaya or"}, {"start": "00:37:04", "end": "00:37:08", "text": "you're sad. Okay, you're a grown ass"}, {"start": "00:37:06", "end": "00:37:10", "text": "man. Like 90% of people here are are"}, {"start": "00:37:08", "end": "00:37:12", "text": "dudes. Okay. And you're sad because you"}, {"start": "00:37:10", "end": "00:37:14", "text": "have a loss and Ivan cannot explain that"}, {"start": "00:37:12", "end": "00:37:16", "text": "this was the perfect strategy. You"}, {"start": "00:37:14", "end": "00:37:18", "text": "listened to some fugazi crap. Now you"}, {"start": "00:37:16", "end": "00:37:20", "text": "lost money. This is like too harsh for"}, {"start": "00:37:18", "end": "00:37:22", "text": "you. This is why the west is collapsing"}, {"start": "00:37:20", "end": "00:37:26", "text": "guys. The west is collapsing. You know"}, {"start": "00:37:22", "end": "00:37:28", "text": "the west is coll like how you how how"}, {"start": "00:37:26", "end": "00:37:30", "text": "the west is going to survive where you"}, {"start": "00:37:28", "end": "00:37:32", "text": "know dudes cannot even take a loss and"}, {"start": "00:37:30", "end": "00:37:34", "text": "and review what happened and and be"}, {"start": "00:37:32", "end": "00:37:36", "text": "better"}, {"start": "00:37:34", "end": "00:37:38", "text": "if you know what I mean. It's crazy. So"}, {"start": "00:37:36", "end": "00:37:39", "text": "I tell you how it is harsh man. You're"}, {"start": "00:37:38", "end": "00:37:42", "text": "in bad trend. Why the hell you're in bad"}, {"start": "00:37:39", "end": "00:37:44", "text": "trend? Okay, fix it until next cycle."}, {"start": "00:37:42", "end": "00:37:47", "text": "Stop crying. I see you putting some cry."}, {"start": "00:37:44", "end": "00:37:49", "text": "Remove crying mode. Stop crying. I I I"}, {"start": "00:37:47", "end": "00:37:52", "text": "don't like this crying around. You want"}, {"start": "00:37:49", "end": "00:37:55", "text": "You're What is coming out of your nose?"}, {"start": "00:37:52", "end": "00:37:59", "text": "This the snot. What? We should like have"}, {"start": "00:37:55", "end": "00:38:01", "text": "snot around our hand. How you say you?"}, {"start": "00:37:59", "end": "00:38:03", "text": "We should how you say loop. I don't want"}, {"start": "00:38:01", "end": "00:38:06", "text": "to loop your snot around my hand here"}, {"start": "00:38:03", "end": "00:38:08", "text": "and then make you feel good. It's not my"}, {"start": "00:38:06", "end": "00:38:11", "text": "job, man. It's not my job. Go to your"}, {"start": "00:38:08", "end": "00:38:13", "text": "mama somewhere. Our job here is tell you"}, {"start": "00:38:11", "end": "00:38:16", "text": "the market how it works. It's freaking"}, {"start": "00:38:13", "end": "00:38:17", "text": "brutal. You're either here or you go cry"}, {"start": "00:38:16", "end": "00:38:19", "text": "with not somewhere else. Okay? I mean,"}, {"start": "00:38:17", "end": "00:38:22", "text": "this is what it is, guys. It is what it"}, {"start": "00:38:19", "end": "00:38:25", "text": "is. Listen, I'm I'm very sympathetic."}, {"start": "00:38:22", "end": "00:38:27", "text": "But the best way of me being sympathetic"}, {"start": "00:38:25", "end": "00:38:29", "text": "is to tell you the reality. Okay? That"}, {"start": "00:38:27", "end": "00:38:30", "text": "that's how I can help you the most."}, {"start": "00:38:29", "end": "00:38:32", "text": "Okay? That's how I can help you the"}, {"start": "00:38:30", "end": "00:38:34", "text": "most. I cannot help you here crying with"}, {"start": "00:38:32", "end": "00:38:37", "text": "you, man. I can just tell you be"}, {"start": "00:38:34", "end": "00:38:39", "text": "positive. Bull market is coming. That's"}, {"start": "00:38:37", "end": "00:38:41", "text": "it. It's true. It's true. Be positive."}, {"start": "00:38:39", "end": "00:38:43", "text": "Bull market is coming and it's going to"}, {"start": "00:38:41", "end": "00:38:45", "text": "be great. Okay, that's it. And let's"}, {"start": "00:38:43", "end": "00:38:47", "text": "let's focus on what went wrong, what we"}, {"start": "00:38:45", "end": "00:38:48", "text": "can improve. Uh bare trend. You don't"}, {"start": "00:38:47", "end": "00:38:50", "text": "joke with bare trend. You don't joke"}, {"start": "00:38:48", "end": "00:38:52", "text": "with bear. You don't joke with bare"}, {"start": "00:38:50", "end": "00:38:54", "text": "trend. You don't. Anyway, and you also"}, {"start": "00:38:52", "end": "00:38:56", "text": "don't joke with bull trend. I mean,"}, {"start": "00:38:54", "end": "00:38:58", "text": "again, may we we go to bull trend, it's"}, {"start": "00:38:56", "end": "00:39:03", "text": "going to be bull trend. That's it."}, {"start": "00:38:58", "end": "00:39:06", "text": "Okay, moving on. Moving on. Uh"}, {"start": "00:39:03", "end": "00:39:09", "text": "Ivan I want to go all in to town. Why"}, {"start": "00:39:06", "end": "00:39:11", "text": "you want to go all in towel? Why? Why?"}, {"start": "00:39:09", "end": "00:39:13", "text": "Why? Why I want to go all in town? What"}, {"start": "00:39:11", "end": "00:39:14", "text": "what's happening here? It's it's"}, {"start": "00:39:13", "end": "00:39:17", "text": "technically bull trend but it's very"}, {"start": "00:39:14", "end": "00:39:20", "text": "weak bull trend. Yeah. It's soon be"}, {"start": "00:39:17", "end": "00:39:21", "text": "to see this chart guys. I don't like"}, {"start": "00:39:20", "end": "00:39:24", "text": "this kind of chart where just chopping"}, {"start": "00:39:21", "end": "00:39:26", "text": "because there's little information here."}, {"start": "00:39:24", "end": "00:39:29", "text": "uh maybe for ide ideological reason you"}, {"start": "00:39:26", "end": "00:39:30", "text": "like to but from a chart perspective let"}, {"start": "00:39:29", "end": "00:39:33", "text": "me see if I can find some longer chart"}, {"start": "00:39:30", "end": "00:39:34", "text": "maybe it's just consolidating like it"}, {"start": "00:39:33", "end": "00:39:38", "text": "doesn't look good it doesn't look bad"}, {"start": "00:39:34", "end": "00:39:40", "text": "it's just uh like it has some crazy"}, {"start": "00:39:38", "end": "00:39:41", "text": "floor here let me actually remove the"}, {"start": "00:39:40", "end": "00:39:45", "text": "money line here because there is no"}, {"start": "00:39:41", "end": "00:39:48", "text": "trend here it's just a crazy floor"}, {"start": "00:39:45", "end": "00:39:49", "text": "if it breaks this floor"}, {"start": "00:39:48", "end": "00:39:52", "text": "it would be a bit scary guys if it"}, {"start": "00:39:49", "end": "00:39:54", "text": "breaks this floor okay it would be a bit"}, {"start": "00:39:52", "end": "00:39:55", "text": "scary if it breaks explore. So for Tao,"}, {"start": "00:39:54", "end": "00:39:58", "text": "I have no opinion here. I'm not bullish."}, {"start": "00:39:55", "end": "00:39:59", "text": "I'm not I don't know what it's doing. I"}, {"start": "00:39:58", "end": "00:40:03", "text": "don't know how you can have a chart like"}, {"start": "00:39:59", "end": "00:40:05", "text": "this. What kind of manipulation it is or"}, {"start": "00:40:03", "end": "00:40:06", "text": "what kind what market maker is doing"}, {"start": "00:40:05", "end": "00:40:10", "text": "here."}, {"start": "00:40:06", "end": "00:40:12", "text": "But guys guys guys guys guys. So see we"}, {"start": "00:40:10", "end": "00:40:13", "text": "cannot use trend analysis here. The main"}, {"start": "00:40:12", "end": "00:40:14", "text": "line here like there's no trend. It's"}, {"start": "00:40:13", "end": "00:40:16", "text": "just chopping. I don't know what they're"}, {"start": "00:40:14", "end": "00:40:19", "text": "doing. They're drawing this chart. But"}, {"start": "00:40:16", "end": "00:40:21", "text": "but but but guys guys guys we see a clue"}, {"start": "00:40:19", "end": "00:40:23", "text": "here."}, {"start": "00:40:21", "end": "00:40:26", "text": "Oh yeah. We see a clue here. Can you see"}, {"start": "00:40:23", "end": "00:40:26", "text": "the clue?"}, {"start": "00:40:27", "end": "00:40:31", "text": "Can you see a bit of a clue?"}, {"start": "00:40:31", "end": "00:40:34", "text": "Let me know if you see the clue here on"}, {"start": "00:40:32", "end": "00:40:38", "text": "the on this uh chart. Do you see the"}, {"start": "00:40:34", "end": "00:40:39", "text": "clue? What are insiders doing here? Do"}, {"start": "00:40:38", "end": "00:40:41", "text": "do you see any clue here? What is the"}, {"start": "00:40:39", "end": "00:40:42", "text": "market maker doing? What is the what"}, {"start": "00:40:41", "end": "00:40:44", "text": "what are the insiders doing? Exactly."}, {"start": "00:40:42", "end": "00:40:47", "text": "Someone said volume. Exactly. What?"}, {"start": "00:40:44", "end": "00:40:50", "text": "Cassian Harvey. Exactly. Yes. So guys So"}, {"start": "00:40:47", "end": "00:40:52", "text": "guys, what can we see?"}, {"start": "00:40:50", "end": "00:40:54", "text": "Massive volume. So you know in some"}, {"start": "00:40:52", "end": "00:40:57", "text": "cases like this one uh we cannot really"}, {"start": "00:40:54", "end": "00:41:00", "text": "analyze trend too much like it's it just"}, {"start": "00:40:57", "end": "00:41:02", "text": "what they draw something of their own"}, {"start": "00:41:00", "end": "00:41:05", "text": "here there's there's they draw something"}, {"start": "00:41:02", "end": "00:41:08", "text": "of their own the so the price chart here"}, {"start": "00:41:05", "end": "00:41:09", "text": "is um is just uh yeah there's no little"}, {"start": "00:41:08", "end": "00:41:13", "text": "information the information here isn't"}, {"start": "00:41:09", "end": "00:41:16", "text": "the volume they have been buying this"}, {"start": "00:41:13", "end": "00:41:19", "text": "like maniacs"}, {"start": "00:41:16", "end": "00:41:22", "text": "okay here there has been crazy"}, {"start": "00:41:19", "end": "00:41:24", "text": "accumulation happening probably by the"}, {"start": "00:41:22", "end": "00:41:26", "text": "market maker because when you have a"}, {"start": "00:41:24", "end": "00:41:29", "text": "coin, you want your market market maker"}, {"start": "00:41:26", "end": "00:41:30", "text": "to buy the coin in bear. Okay, if you"}, {"start": "00:41:29", "end": "00:41:33", "text": "control the your the supply of your"}, {"start": "00:41:30", "end": "00:41:34", "text": "coin, you basically set the price. Just"}, {"start": "00:41:33", "end": "00:41:39", "text": "think about let's say you you have you"}, {"start": "00:41:34", "end": "00:41:41", "text": "are in a village and you have a farm"}, {"start": "00:41:39", "end": "00:41:43", "text": "with watermelon. No one else has"}, {"start": "00:41:41", "end": "00:41:46", "text": "watermelon. Only you have the farm with"}, {"start": "00:41:43", "end": "00:41:50", "text": "watermelon. So you have 99% of the"}, {"start": "00:41:46", "end": "00:41:53", "text": "supply of the whole watermelon in the in"}, {"start": "00:41:50", "end": "00:41:55", "text": "the village. Okay, you set the price."}, {"start": "00:41:53", "end": "00:41:56", "text": "Okay, maybe some guy has a resell"}, {"start": "00:41:55", "end": "00:41:58", "text": "watermelon but he has just one. So"}, {"start": "00:41:56", "end": "00:42:00", "text": "whatever price he says, okay, trade"}, {"start": "00:41:58", "end": "00:42:02", "text": "happen. Boop. You then he he has no"}, {"start": "00:42:00", "end": "00:42:04", "text": "pricing power anymore. So when you have"}, {"start": "00:42:02", "end": "00:42:07", "text": "when you control the supply of"}, {"start": "00:42:04", "end": "00:42:09", "text": "something, you also set its price. Okay,"}, {"start": "00:42:07", "end": "00:42:11", "text": "if you see let's say how can you control"}, {"start": "00:42:09", "end": "00:42:13", "text": "the price? Let's let's say you I have"}, {"start": "00:42:11", "end": "00:42:16", "text": "99% of the watermelon in the village."}, {"start": "00:42:13", "end": "00:42:18", "text": "You have one. You have one. And I see"}, {"start": "00:42:16", "end": "00:42:20", "text": "man, you sell it too expensive. You sell"}, {"start": "00:42:18", "end": "00:42:22", "text": "it too expensive. Do I release more"}, {"start": "00:42:20", "end": "00:42:25", "text": "watermelon? I I can dump the price."}, {"start": "00:42:22", "end": "00:42:27", "text": "Okay, let's say that I see, man, the"}, {"start": "00:42:25", "end": "00:42:29", "text": "price is too cheap. I want the price to"}, {"start": "00:42:27", "end": "00:42:31", "text": "go up. Okay, I don't release any"}, {"start": "00:42:29", "end": "00:42:33", "text": "watermelon. And then, you know, a few"}, {"start": "00:42:31", "end": "00:42:35", "text": "guys still have their own resell"}, {"start": "00:42:33", "end": "00:42:36", "text": "watermelon. So, maybe the market will be"}, {"start": "00:42:35", "end": "00:42:38", "text": "okay for maybe a week or two weeks, but"}, {"start": "00:42:36", "end": "00:42:40", "text": "then they have sold theirs, huh? And"}, {"start": "00:42:38", "end": "00:42:44", "text": "then no one else is there to sell"}, {"start": "00:42:40", "end": "00:42:47", "text": "because I have the rest. Okay. So, now I"}, {"start": "00:42:44", "end": "00:42:52", "text": "I I control when new supply comes out."}, {"start": "00:42:47", "end": "00:42:54", "text": "So this is why in bare market if coin is"}, {"start": "00:42:52", "end": "00:42:56", "text": "to have if your coin is to come back in"}, {"start": "00:42:54", "end": "00:42:58", "text": "the next bull very important like this"}, {"start": "00:42:56", "end": "00:43:00", "text": "is you don't hear it anywhere except for"}, {"start": "00:42:58", "end": "00:43:03", "text": "I want to take subscribe like confirm"}, {"start": "00:43:00", "end": "00:43:05", "text": "that you like so in a bare market if you"}, {"start": "00:43:03", "end": "00:43:10", "text": "have a coin you need to ensure that you"}, {"start": "00:43:05", "end": "00:43:14", "text": "buy your own coin in mass on mass how"}, {"start": "00:43:10", "end": "00:43:15", "text": "you say big fat fiat track you deploy if"}, {"start": "00:43:14", "end": "00:43:18", "text": "you want your coin to come back next"}, {"start": "00:43:15", "end": "00:43:19", "text": "cycle. Overall, we don't have a bunch of"}, {"start": "00:43:18", "end": "00:43:21", "text": "information"}, {"start": "00:43:19", "end": "00:43:23", "text": "about TAO from a price chart"}, {"start": "00:43:21", "end": "00:43:25", "text": "perspective, but from a volume"}, {"start": "00:43:23", "end": "00:43:28", "text": "perspective, it seems that they are"}, {"start": "00:43:25", "end": "00:43:30", "text": "buying it back uh in a big way like as"}, {"start": "00:43:28", "end": "00:43:33", "text": "you can see big volumes, but chart is"}, {"start": "00:43:30", "end": "00:43:35", "text": "not moving too much. So, uh this is"}, {"start": "00:43:33", "end": "00:43:38", "text": "where you have the discrepancy and here"}, {"start": "00:43:35", "end": "00:43:39", "text": "is where it could be a sign of uh of"}, {"start": "00:43:38", "end": "00:43:40", "text": "bullishness. Again it's all"}, {"start": "00:43:39", "end": "00:43:42", "text": "probabilistic like we don't we we we"}, {"start": "00:43:40", "end": "00:43:45", "text": "cannot say for sure anything but I would"}, {"start": "00:43:42", "end": "00:43:48", "text": "say it is a good chance that uh they are"}, {"start": "00:43:45", "end": "00:43:50", "text": "preparing uh the the reversal here soon."}, {"start": "00:43:48", "end": "00:43:52", "text": "Uh okay in a project like Tao I think"}, {"start": "00:43:50", "end": "00:43:55", "text": "this is super controlled like all this"}, {"start": "00:43:52", "end": "00:43:56", "text": "pressure is super controlled. Okay so it"}, {"start": "00:43:55", "end": "00:43:58", "text": "wouldn't surprise me if they are"}, {"start": "00:43:56", "end": "00:44:01", "text": "preparing for a bit of a comeback here."}, {"start": "00:43:58", "end": "00:44:04", "text": "So, if you have Tao, if you have TOAO,"}, {"start": "00:44:01", "end": "00:44:07", "text": "maybe not too bad. Let's see. Uh, but uh"}, {"start": "00:44:04", "end": "00:44:09", "text": "at the end of the day, it's uh"}, {"start": "00:44:07", "end": "00:44:10", "text": "probabilistic. Uh but technically still"}, {"start": "00:44:09", "end": "00:44:13", "text": "bull."}, {"start": "00:44:10", "end": "00:44:14", "text": "So, let's see, guys. But this is this is"}, {"start": "00:44:13", "end": "00:44:17", "text": "what you want to see at the end of the"}, {"start": "00:44:14", "end": "00:44:19", "text": "bear for your altcoin actually. Okay."}, {"start": "00:44:17", "end": "00:44:22", "text": "And then there you want to you want to"}, {"start": "00:44:19", "end": "00:44:25", "text": "see that. Uh"}, {"start": "00:44:22", "end": "00:44:26", "text": "yeah. So, a good one. Uh let's check."}, {"start": "00:44:25", "end": "00:44:29", "text": "Okay. People say check cookie. Let's"}, {"start": "00:44:26", "end": "00:44:31", "text": "check cookie. Is Cookie coming back? Do"}, {"start": "00:44:29", "end": "00:44:33", "text": "they have volume?"}, {"start": "00:44:31", "end": "00:44:35", "text": "Cookie is definitely not coming back"}, {"start": "00:44:33", "end": "00:44:38", "text": "yet."}, {"start": "00:44:35", "end": "00:44:38", "text": "Uh"}, {"start": "00:44:39", "end": "00:44:42", "text": "yeah. Um"}, {"start": "00:44:41", "end": "00:44:44", "text": "as you can see, it's not really the same"}, {"start": "00:44:42", "end": "00:44:47", "text": "here in terms of volume. It it just"}, {"start": "00:44:44", "end": "00:44:50", "text": "break new low. So this one is not coming"}, {"start": "00:44:47", "end": "00:44:52", "text": "back yet. Let's see if we can find more"}, {"start": "00:44:50", "end": "00:44:54", "text": "of these coins with big volume last"}, {"start": "00:44:52", "end": "00:44:56", "text": "weeks. But the price where the price did"}, {"start": "00:44:54", "end": "00:44:58", "text": "not move because here's here's an"}, {"start": "00:44:56", "end": "00:45:01", "text": "important uh thing. thing I want to add"}, {"start": "00:44:58", "end": "00:45:03", "text": "uh when this Oh, also see you need to"}, {"start": "00:45:01", "end": "00:45:06", "text": "check the correct exchange man. Which"}, {"start": "00:45:03", "end": "00:45:07", "text": "exchange we checked?"}, {"start": "00:45:06", "end": "00:45:10", "text": "Let's see. Was it Coinbase or which one"}, {"start": "00:45:07", "end": "00:45:12", "text": "we checked?"}, {"start": "00:45:10", "end": "00:45:17", "text": "O where did we see that volume guys? Was"}, {"start": "00:45:12", "end": "00:45:21", "text": "it Bitstamp or where was it in?"}, {"start": "00:45:17", "end": "00:45:21", "text": "Was it uh"}, {"start": "00:45:21", "end": "00:45:25", "text": "Anyways, you guys going to know which"}, {"start": "00:45:23", "end": "00:45:26", "text": "one was it? We just saw it. Kraken."}, {"start": "00:45:25", "end": "00:45:28", "text": "Kraken. Oh, yeah. Kraken. Kraken. No,"}, {"start": "00:45:26", "end": "00:45:31", "text": "not Ken. Cool coin. Cool coin. Let's"}, {"start": "00:45:28", "end": "00:45:33", "text": "see. Cool coin. Uh,"}, {"start": "00:45:31", "end": "00:45:35", "text": "see you also for this. This is why this"}, {"start": "00:45:33", "end": "00:45:37", "text": "this analysis is a bit more complex"}, {"start": "00:45:35", "end": "00:45:39", "text": "because you need to see across exchanges"}, {"start": "00:45:37", "end": "00:45:41", "text": "where their market maker is working."}, {"start": "00:45:39", "end": "00:45:43", "text": "Exactly. We need something like this. We"}, {"start": "00:45:41", "end": "00:45:46", "text": "need to see something like this. Okay."}, {"start": "00:45:43", "end": "00:45:48", "text": "Cool coin. Exactly. Okay. Uh, cookie. So"}, {"start": "00:45:46", "end": "00:45:50", "text": "cookie there is no news. It's just going"}, {"start": "00:45:48", "end": "00:45:52", "text": "going lower. Let's check render. Let's"}, {"start": "00:45:50", "end": "00:45:53", "text": "check render. But then which exchange?"}, {"start": "00:45:52", "end": "00:45:55", "text": "That's another thing with this volume"}, {"start": "00:45:53", "end": "00:45:58", "text": "analysis. You need to go through the"}, {"start": "00:45:55", "end": "00:46:00", "text": "exchanges. So here, yeah, it's holding"}, {"start": "00:45:58", "end": "00:46:04", "text": "on here. Uh, from a trend perspective,"}, {"start": "00:46:00", "end": "00:46:06", "text": "bare. Um, nothing like too exciting in"}, {"start": "00:46:04", "end": "00:46:08", "text": "terms of volume."}, {"start": "00:46:06", "end": "00:46:10", "text": "And by the way, if you want to see this"}, {"start": "00:46:08", "end": "00:46:13", "text": "volume, normally it's going to be on a"}, {"start": "00:46:10", "end": "00:46:14", "text": "stable coin uh pair because market"}, {"start": "00:46:13", "end": "00:46:18", "text": "makers, they work more on this, you"}, {"start": "00:46:14", "end": "00:46:19", "text": "know, offshore like Chinese exchange."}, {"start": "00:46:18", "end": "00:46:21", "text": "I don't think they're gonna be doing it"}, {"start": "00:46:19", "end": "00:46:23", "text": "on Coinbase. It's it needs to be a bit"}, {"start": "00:46:21", "end": "00:46:26", "text": "in the gray zone, so to speak. Let's see"}, {"start": "00:46:23", "end": "00:46:28", "text": "on the cool coin. nothing"}, {"start": "00:46:26", "end": "00:46:30", "text": "but anyway it's a tool guys it's a tool"}, {"start": "00:46:28", "end": "00:46:33", "text": "it's it's a tool that is I would say"}, {"start": "00:46:30", "end": "00:46:36", "text": "it's inferior to the trend so you follow"}, {"start": "00:46:33", "end": "00:46:38", "text": "the trend in 99% of the cases if there's"}, {"start": "00:46:36", "end": "00:46:39", "text": "no clear trend like in that toao you"}, {"start": "00:46:38", "end": "00:46:41", "text": "could check something else like the"}, {"start": "00:46:39", "end": "00:46:42", "text": "volume but in this case in render it's a"}, {"start": "00:46:41", "end": "00:46:44", "text": "clear trend guys it's a clear bare trend"}, {"start": "00:46:42", "end": "00:46:47", "text": "you don't you don't even have to worry"}, {"start": "00:46:44", "end": "00:46:49", "text": "about don't worry about volume even here"}, {"start": "00:46:47", "end": "00:46:51", "text": "uh it's a clear trend it's bare so yeah"}, {"start": "00:46:49", "end": "00:46:53", "text": "there's there's nothing to to speak"}, {"start": "00:46:51", "end": "00:46:53", "text": "about"}, {"start": "00:46:59", "end": "00:47:03", "text": "Ian, can I profit 1% every day with"}, {"start": "00:47:01", "end": "00:47:05", "text": "money like bro? I mean with this"}, {"start": "00:47:03", "end": "00:47:08", "text": "question, you definitely need the"}, {"start": "00:47:05", "end": "00:47:10", "text": "mechanical rules. Uh when you ask, can I"}, {"start": "00:47:08", "end": "00:47:12", "text": "profit 1% every day? You don't know too"}, {"start": "00:47:10", "end": "00:47:14", "text": "much about markets. Just, you know, just"}, {"start": "00:47:12", "end": "00:47:16", "text": "join the wait list as soon as possible."}, {"start": "00:47:14", "end": "00:47:19", "text": "Uh you're going to get email when we"}, {"start": "00:47:16", "end": "00:47:20", "text": "open up. Uh man, you know, market is"}, {"start": "00:47:19", "end": "00:47:23", "text": "probabilistic. So there's no one can"}, {"start": "00:47:20", "end": "00:47:27", "text": "guarantee you anything but u we can of"}, {"start": "00:47:23", "end": "00:47:30", "text": "course see that uh if you can get the"}, {"start": "00:47:27", "end": "00:47:32", "text": "system working if you can learn the"}, {"start": "00:47:30", "end": "00:47:34", "text": "system you will have fantastic"}, {"start": "00:47:32", "end": "00:47:37", "text": "opportunities in all markets across all"}, {"start": "00:47:34", "end": "00:47:39", "text": "coins across all stocks uh every day"}, {"start": "00:47:37", "end": "00:47:40", "text": "some of them are going to be at a loss I"}, {"start": "00:47:39", "end": "00:47:42", "text": "actually have one loss to show you"}, {"start": "00:47:40", "end": "00:47:44", "text": "because sometimes people ask Ivan what"}, {"start": "00:47:42", "end": "00:47:46", "text": "about the losses losses the one guy"}, {"start": "00:47:44", "end": "00:47:48", "text": "actually shared the loss but losses"}, {"start": "00:47:46", "end": "00:47:50", "text": "normally you see loss are very small"}, {"start": "00:47:48", "end": "00:47:52", "text": "normally because It's mechanical rules"}, {"start": "00:47:50", "end": "00:47:53", "text": "meaning you have protection. But when"}, {"start": "00:47:52", "end": "00:47:55", "text": "you don't follow the mechanical rules,"}, {"start": "00:47:53", "end": "00:47:58", "text": "you may have a bit of a big loss. You"}, {"start": "00:47:55", "end": "00:47:59", "text": "don't what do you mean when you don't"}, {"start": "00:47:58", "end": "00:48:01", "text": "follow mechanical rules? For example,"}, {"start": "00:47:59", "end": "00:48:04", "text": "you don't have stop- loss. So this guy"}, {"start": "00:48:01", "end": "00:48:06", "text": "shorted hype lost 17%. And correctly"}, {"start": "00:48:04", "end": "00:48:07", "text": "said not following mechanical rules."}, {"start": "00:48:06", "end": "00:48:09", "text": "Yeah, it's true. It's true. It's true."}, {"start": "00:48:07", "end": "00:48:11", "text": "So you can definitely have loss because"}, {"start": "00:48:09", "end": "00:48:12", "text": "you know learning mechanical rules,"}, {"start": "00:48:11", "end": "00:48:14", "text": "learning the system, it's a process."}, {"start": "00:48:12", "end": "00:48:15", "text": "It's a process. It's a process."}, {"start": "00:48:14", "end": "00:48:17", "text": "Sometimes you're going to think I don't"}, {"start": "00:48:15", "end": "00:48:19", "text": "need it. I'm smarter. The retardio guys"}, {"start": "00:48:17", "end": "00:48:20", "text": "need stop loss. I'm very very smart. I"}, {"start": "00:48:19", "end": "00:48:22", "text": "don't need stop loss. Then you get"}, {"start": "00:48:20", "end": "00:48:24", "text": "humbled down. So, but to answer your"}, {"start": "00:48:22", "end": "00:48:26", "text": "question, listen, if someone tells you"}, {"start": "00:48:24", "end": "00:48:29", "text": "and guarantees you any kind of"}, {"start": "00:48:26", "end": "00:48:32", "text": "percentage per day, run, okay? Run, run"}, {"start": "00:48:29", "end": "00:48:34", "text": "very fast. There's no such thing. But is"}, {"start": "00:48:32", "end": "00:48:36", "text": "the law of large numbers. The law of"}, {"start": "00:48:34", "end": "00:48:37", "text": "large numbers is that you have losses."}, {"start": "00:48:36", "end": "00:48:39", "text": "You have losses are part of the"}, {"start": "00:48:37", "end": "00:48:41", "text": "strategy, by the way. You're always"}, {"start": "00:48:39", "end": "00:48:44", "text": "going to have a bit of loss, but law of"}, {"start": "00:48:41", "end": "00:48:46", "text": "large numbers uh means that your your"}, {"start": "00:48:44", "end": "00:48:48", "text": "gains are going to be bigger. Okay? then"}, {"start": "00:48:46", "end": "00:48:50", "text": "how fast things are going to happen for"}, {"start": "00:48:48", "end": "00:48:52", "text": "you in you know there's no way for me to"}, {"start": "00:48:50", "end": "00:48:55", "text": "sit here and guarantee you anything okay"}, {"start": "00:48:52", "end": "00:48:57", "text": "uh but we can show you what our members"}, {"start": "00:48:55", "end": "00:48:59", "text": "are doing we can show you what was what"}, {"start": "00:48:57", "end": "00:49:00", "text": "what is happening on the inside and then"}, {"start": "00:48:59", "end": "00:49:02", "text": "what you also because another thing is"}, {"start": "00:49:00", "end": "00:49:04", "text": "your factor like how do you are you"}, {"start": "00:49:02", "end": "00:49:05", "text": "serious person or you not serious person"}, {"start": "00:49:04", "end": "00:49:06", "text": "are you learning or are you are you not"}, {"start": "00:49:05", "end": "00:49:08", "text": "learning like what the hell are you"}, {"start": "00:49:06", "end": "00:49:11", "text": "doing I cannot guarantee anything for"}, {"start": "00:49:08", "end": "00:49:14", "text": "you because you are you are you so I"}, {"start": "00:49:11", "end": "00:49:15", "text": "cannot guarantee how you can you read I"}, {"start": "00:49:14", "end": "00:49:19", "text": "don't know if you can read maybe you"}, {"start": "00:49:15", "end": "00:49:21", "text": "cannot read man. See"}, {"start": "00:49:19", "end": "00:49:25", "text": "you see I cannot guarantee anything for"}, {"start": "00:49:21", "end": "00:49:27", "text": "you. So it is what it is but but the"}, {"start": "00:49:25", "end": "00:49:29", "text": "probabilities are on your side is back"}, {"start": "00:49:27", "end": "00:49:32", "text": "tested members are having great success"}, {"start": "00:49:29", "end": "00:49:34", "text": "and then what you do you have great"}, {"start": "00:49:32", "end": "00:49:37", "text": "chances of doing great but at the end"}, {"start": "00:49:34", "end": "00:49:39", "text": "it's you. It's you I don't know who you"}, {"start": "00:49:37", "end": "00:49:41", "text": "are what you do that's also why by the"}, {"start": "00:49:39", "end": "00:49:44", "text": "way before anyone joins uh you do the"}, {"start": "00:49:41", "end": "00:49:45", "text": "strategy call. So now we have no"}, {"start": "00:49:44", "end": "00:49:47", "text": "availability for strategical call but if"}, {"start": "00:49:45", "end": "00:49:48", "text": "you go join the weight list and when we"}, {"start": "00:49:47", "end": "00:49:49", "text": "open up the first step is the"}, {"start": "00:49:48", "end": "00:49:51", "text": "strategical call. We need to check like"}, {"start": "00:49:49", "end": "00:49:55", "text": "are you serious person or who are you"}, {"start": "00:49:51", "end": "00:49:57", "text": "who are you or you want uh uh like u"}, {"start": "00:49:55", "end": "00:49:58", "text": "alert some people think it's like alerts"}, {"start": "00:49:57", "end": "00:50:00", "text": "you know when when to exactly when to"}, {"start": "00:49:58", "end": "00:50:02", "text": "buy when to sell and while we do provide"}, {"start": "00:50:00", "end": "00:50:04", "text": "market analysis Jason does it every day"}, {"start": "00:50:02", "end": "00:50:06", "text": "we need to ensure that you understand"}, {"start": "00:50:04", "end": "00:50:09", "text": "what the hell we do and uh what you need"}, {"start": "00:50:06", "end": "00:50:12", "text": "to do. So anyway uh the answer is no one"}, {"start": "00:50:09", "end": "00:50:14", "text": "can guarantee you anything like that."}, {"start": "00:50:12", "end": "00:50:16", "text": "Ivan I know we should DCA Bitcoin but"}, {"start": "00:50:14", "end": "00:50:18", "text": "let's say percentage wise when should I"}, {"start": "00:50:16", "end": "00:50:21", "text": "enter at what percentage I mean really"}, {"start": "00:50:18", "end": "00:50:23", "text": "again it's it's where you you need a"}, {"start": "00:50:21", "end": "00:50:25", "text": "more personal approach uh that's why we"}, {"start": "00:50:23", "end": "00:50:27", "text": "have coaching and everything but let's"}, {"start": "00:50:25", "end": "00:50:29", "text": "let me give you a few different uh"}, {"start": "00:50:27", "end": "00:50:31", "text": "different scenarios here it depends on"}, {"start": "00:50:29", "end": "00:50:33", "text": "who you are basically depends on who you"}, {"start": "00:50:31", "end": "00:50:35", "text": "are do you have all your money in crypto"}, {"start": "00:50:33", "end": "00:50:37", "text": "or not how old are you are you close to"}, {"start": "00:50:35", "end": "00:50:39", "text": "retirement you have to be more risk off"}, {"start": "00:50:37", "end": "00:50:40", "text": "are you just starting out your journey"}, {"start": "00:50:39", "end": "00:50:41", "text": "what is your goal what's your financial"}, {"start": "00:50:40", "end": "00:50:44", "text": "goal Like there there are endless"}, {"start": "00:50:41", "end": "00:50:47", "text": "amounts of questions to be able to to to"}, {"start": "00:50:44", "end": "00:50:50", "text": "answer. But let's say you want to ride"}, {"start": "00:50:47", "end": "00:50:53", "text": "the next bull. You are very convinced"}, {"start": "00:50:50", "end": "00:50:55", "text": "about the thesis uh and you count uh"}, {"start": "00:50:53", "end": "00:51:00", "text": "approximately how many weeks uh we were"}, {"start": "00:50:55", "end": "00:51:02", "text": "here uh until we broke back above the uh"}, {"start": "00:51:00", "end": "00:51:04", "text": "200 moving average in the last uh bear."}, {"start": "00:51:02", "end": "00:51:06", "text": "Uh in the last bear it was 40 weeks"}, {"start": "00:51:04", "end": "00:51:08", "text": "basically that we were here around 200"}, {"start": "00:51:06", "end": "00:51:10", "text": "week. So you could divide it by 40."}, {"start": "00:51:08", "end": "00:51:12", "text": "Maybe it goes faster this time. I mean"}, {"start": "00:51:10", "end": "00:51:14", "text": "at the end of the day don't try to don't"}, {"start": "00:51:12", "end": "00:51:16", "text": "aim for perfection. You you can DCA here"}, {"start": "00:51:14", "end": "00:51:21", "text": "a bit. Maybe it goes slower. You DCA"}, {"start": "00:51:16", "end": "00:51:24", "text": "here with this DCA uh strategy. It is by"}, {"start": "00:51:21", "end": "00:51:26", "text": "definition it's uh undeterministic. Do"}, {"start": "00:51:24", "end": "00:51:28", "text": "you understand? It's not deterministic."}, {"start": "00:51:26", "end": "00:51:31", "text": "With the DCA buy zone, you you don't"}, {"start": "00:51:28", "end": "00:51:33", "text": "have deter the deterministic strategy."}, {"start": "00:51:31", "end": "00:51:35", "text": "Uh with for example going into bull"}, {"start": "00:51:33", "end": "00:51:37", "text": "trend, it's way more deterministic. Here"}, {"start": "00:51:35", "end": "00:51:38", "text": "you can apply mechanical rules. I mean"}, {"start": "00:51:37", "end": "00:51:40", "text": "inside Bulman will tell you exactly what"}, {"start": "00:51:38", "end": "00:51:41", "text": "to do with how to enter in what way. Bum"}, {"start": "00:51:40", "end": "00:51:42", "text": "bum bum. It's very deterministic. It's"}, {"start": "00:51:41", "end": "00:51:45", "text": "very exact. That's why it's called"}, {"start": "00:51:42", "end": "00:51:49", "text": "mechanical rules. Okay, mechanical rules"}, {"start": "00:51:45", "end": "00:51:52", "text": "with this uh bitcoin is cheap around 200"}, {"start": "00:51:49", "end": "00:51:53", "text": "week or below. It's you will have to"}, {"start": "00:51:52", "end": "00:51:55", "text": "wing it a bit here because it's"}, {"start": "00:51:53", "end": "00:51:56", "text": "impossible to know how for how long"}, {"start": "00:51:55", "end": "00:51:58", "text": "we're going to be staying. Okay, it's"}, {"start": "00:51:56", "end": "00:52:00", "text": "impossible to know. We could go down"}, {"start": "00:51:58", "end": "00:52:02", "text": "here and be here until October or we we"}, {"start": "00:52:00", "end": "00:52:05", "text": "maybe you know d here until July and"}, {"start": "00:52:02", "end": "00:52:07", "text": "then we go into bull trend. So you will"}, {"start": "00:52:05", "end": "00:52:09", "text": "have to just assess your goal. But one"}, {"start": "00:52:07", "end": "00:52:11", "text": "thing I can tell you is that don't get"}, {"start": "00:52:09", "end": "00:52:13", "text": "too greasy. Like some people will try to"}, {"start": "00:52:11", "end": "00:52:15", "text": "ensure that that they get everything in"}, {"start": "00:52:13", "end": "00:52:17", "text": "here and then we go lower and like man I"}, {"start": "00:52:15", "end": "00:52:19", "text": "I bought too much that just see it"}, {"start": "00:52:17", "end": "00:52:21", "text": "overall as cheap. If you want"}, {"start": "00:52:19", "end": "00:52:24", "text": "deterministic exactly you want to have"}, {"start": "00:52:21", "end": "00:52:25", "text": "exact exact exact exact exact then you"}, {"start": "00:52:24", "end": "00:52:27", "text": "need to wait for the bull flip. With the"}, {"start": "00:52:25", "end": "00:52:29", "text": "bull flip we have exact deployment we"}, {"start": "00:52:27", "end": "00:52:31", "text": "have exact everything with the buy zone."}, {"start": "00:52:29", "end": "00:52:33", "text": "We just don't know how long we're here."}, {"start": "00:52:31", "end": "00:52:36", "text": "I mean DCA in general you we don't know"}, {"start": "00:52:33", "end": "00:52:39", "text": "you know how long we are in a zone. So"}, {"start": "00:52:36", "end": "00:52:41", "text": "you maybe the easiest way is for you to"}, {"start": "00:52:39", "end": "00:52:44", "text": "maybe divide let's say 5050 50% of the"}, {"start": "00:52:41", "end": "00:52:46", "text": "money you use now to DCA and then 50% of"}, {"start": "00:52:44", "end": "00:52:48", "text": "the money you use when we bullish. Okay?"}, {"start": "00:52:46", "end": "00:52:51", "text": "Could be like that. And when you DCA you"}, {"start": "00:52:48", "end": "00:52:53", "text": "just DCA every week let's say $100 or"}, {"start": "00:52:51", "end": "00:52:55", "text": "$1,000 depending how much you have. It's"}, {"start": "00:52:53", "end": "00:52:57", "text": "uh could be easier. But don't strive for"}, {"start": "00:52:55", "end": "00:53:00", "text": "perfection here. Uh when Bitcoin is at"}, {"start": "00:52:57", "end": "00:53:04", "text": "500K1 million like the the details here"}, {"start": "00:53:00", "end": "00:53:04", "text": "are going to matter less anyway."}, {"start": "00:53:05", "end": "00:53:09", "text": "I think the software ETF. Oh, let's"}, {"start": "00:53:07", "end": "00:53:12", "text": "check IGV. IGV. Someone asks about IGV"}, {"start": "00:53:09", "end": "00:53:15", "text": "and then we wrap this up."}, {"start": "00:53:12", "end": "00:53:17", "text": "What's happening with IGV is bull trend."}, {"start": "00:53:15", "end": "00:53:20", "text": "Very, very nice. Um, and by the way,"}, {"start": "00:53:17", "end": "00:53:22", "text": "Bitcoin has decoupled from IGV. Uh, for"}, {"start": "00:53:20", "end": "00:53:26", "text": "a while it was exact. Now it has"}, {"start": "00:53:22", "end": "00:53:26", "text": "decoupled. Um,"}, {"start": "00:53:28", "end": "00:53:32", "text": "and by the way, you see also here, you"}, {"start": "00:53:29", "end": "00:53:34", "text": "see the volume and it was the bottom. I"}, {"start": "00:53:32", "end": "00:53:36", "text": "believe we even said that. I believe I"}, {"start": "00:53:34", "end": "00:53:38", "text": "can find the video where I said that IGV"}, {"start": "00:53:36", "end": "00:53:39", "text": "has very nice volume here which which is"}, {"start": "00:53:38", "end": "00:53:41", "text": "bullish."}, {"start": "00:53:39", "end": "00:53:44", "text": "Please confirm in the comment section if"}, {"start": "00:53:41", "end": "00:53:46", "text": "you remember that. But when I it's yeah"}, {"start": "00:53:44", "end": "00:53:47", "text": "it's always guys always when you have"}, {"start": "00:53:46", "end": "00:53:51", "text": "big volume but nothing happens on the"}, {"start": "00:53:47", "end": "00:53:52", "text": "chart it is a signal. Let me know in the"}, {"start": "00:53:51", "end": "00:53:54", "text": "comment section if you if you remember"}, {"start": "00:53:52", "end": "00:53:57", "text": "it but I'm almost 100% sure that we"}, {"start": "00:53:54", "end": "00:54:00", "text": "mentioned it uh down here in like April"}, {"start": "00:53:57", "end": "00:54:03", "text": "that the volume was was was quite crazy."}, {"start": "00:54:00", "end": "00:54:05", "text": "Uh but yeah, it's uh yeah, it's bull."}, {"start": "00:54:03", "end": "00:54:09", "text": "It's good. It's uh still bull although"}, {"start": "00:54:05", "end": "00:54:10", "text": "it has a red candle. Uh what else can we"}, {"start": "00:54:09", "end": "00:54:12", "text": "say about it? Let's just compare to"}, {"start": "00:54:10", "end": "00:54:15", "text": "Bitcoin because Bitcoin is not really"}, {"start": "00:54:12", "end": "00:54:17", "text": "following it uh any longer. And it's"}, {"start": "00:54:15", "end": "00:54:20", "text": "okay. I mean, sometimes things follow,"}, {"start": "00:54:17", "end": "00:54:22", "text": "sometimes they don't follow. And here we"}, {"start": "00:54:20", "end": "00:54:24", "text": "may actually see the deviation take"}, {"start": "00:54:22", "end": "00:54:27", "text": "place where it was following, it was"}, {"start": "00:54:24", "end": "00:54:30", "text": "following, and then let's see, I need to"}, {"start": "00:54:27", "end": "00:54:32", "text": "scale it a bit. And then this thing went"}, {"start": "00:54:30", "end": "00:54:35", "text": "up"}, {"start": "00:54:32", "end": "00:54:38", "text": "and Bitcoin went down. It's okay. It's"}, {"start": "00:54:35", "end": "00:54:40", "text": "okay. That's why this you know um always"}, {"start": "00:54:38", "end": "00:54:44", "text": "when when you have uh uh two assets"}, {"start": "00:54:40", "end": "00:54:47", "text": "following it is like a third grade uh"}, {"start": "00:54:44", "end": "00:54:48", "text": "signal like the first grade is the trend"}, {"start": "00:54:47", "end": "00:54:49", "text": "then you have you can have a bunch of"}, {"start": "00:54:48", "end": "00:54:51", "text": "second grade signals including the"}, {"start": "00:54:49", "end": "00:54:52", "text": "volume by the way and then third grade"}, {"start": "00:54:51", "end": "00:54:55", "text": "when something is like the chart looks"}, {"start": "00:54:52", "end": "00:54:57", "text": "similar because here yeah it's uh not"}, {"start": "00:54:55", "end": "00:54:59", "text": "following. Let's see if Bitcoin has a"}, {"start": "00:54:57", "end": "00:55:01", "text": "rocket ship now to the upside and it"}, {"start": "00:54:59", "end": "00:55:04", "text": "follows it. But for now, it's the"}, {"start": "00:55:01", "end": "00:55:06", "text": "deviation is quite big. Yeah."}, {"start": "00:55:04", "end": "00:55:08", "text": "But yeah, good stuff that we found"}, {"start": "00:55:06", "end": "00:55:11", "text": "another example of this volume. Uh keep"}, {"start": "00:55:08", "end": "00:55:12", "text": "keep an eye on volume guys. When it is"}, {"start": "00:55:11", "end": "00:55:14", "text": "big dump and like consolidation"}, {"start": "00:55:12", "end": "00:55:16", "text": "sideways, price is not moving up but you"}, {"start": "00:55:14", "end": "00:55:19", "text": "have big volume happening for some"}, {"start": "00:55:16", "end": "00:55:21", "text": "reason, it's a big signal of reversal."}, {"start": "00:55:19", "end": "00:55:23", "text": "Um again, everything probabilistic."}, {"start": "00:55:21", "end": "00:55:25", "text": "Sometimes maybe it doesn't happen. It's"}, {"start": "00:55:23", "end": "00:55:27", "text": "it's all probabilities. But let me know"}, {"start": "00:55:25", "end": "00:55:29", "text": "if you find other charts like that."}, {"start": "00:55:27", "end": "00:55:32", "text": "Let's see if we find some other chart"}, {"start": "00:55:29", "end": "00:55:35", "text": "where it's uh kind of bottoming out"}, {"start": "00:55:32", "end": "00:55:37", "text": "bottoming out and uh the volume is very"}, {"start": "00:55:35", "end": "00:55:39", "text": "high. Um"}, {"start": "00:55:37", "end": "00:55:41", "text": "but the see the important thing is that"}, {"start": "00:55:39", "end": "00:55:43", "text": "volume needs to be high and price needs"}, {"start": "00:55:41", "end": "00:55:45", "text": "to be flat. That's when you have the"}, {"start": "00:55:43", "end": "00:55:48", "text": "signal. If price let's say dumps and"}, {"start": "00:55:45", "end": "00:55:50", "text": "volume is high, let's say imagine you"}, {"start": "00:55:48", "end": "00:55:52", "text": "see a big red candle and volume is high."}, {"start": "00:55:50", "end": "00:55:54", "text": "There is no information there. That"}, {"start": "00:55:52", "end": "00:56:00", "text": "that's not a signal. But when price is"}, {"start": "00:55:54", "end": "00:56:01", "text": "sideways, but volume is freaking insane,"}, {"start": "00:56:00", "end": "00:56:04", "text": "something's happening here. Something's"}, {"start": "00:56:01", "end": "00:56:05", "text": "happening. Market maker likely buying"}, {"start": "00:56:04", "end": "00:56:07", "text": "carefully. They buy carefully because"}, {"start": "00:56:05", "end": "00:56:09", "text": "they don't want the price go up a lot."}, {"start": "00:56:07", "end": "00:56:11", "text": "So they buy carefully. Uh uh uh then"}, {"start": "00:56:09", "end": "00:56:13", "text": "they stop buying. So price sideways."}, {"start": "00:56:11", "end": "00:56:15", "text": "Maybe price goes down a bit. They bye"}, {"start": "00:56:13", "end": "00:56:17", "text": "bye bye bye bye bye bye bye bye. Maybe"}, {"start": "00:56:15", "end": "00:56:19", "text": "they even release bad news in the"}, {"start": "00:56:17", "end": "00:56:21", "text": "meanwhile. So there is the sell"}, {"start": "00:56:19", "end": "00:56:23", "text": "pressure. And then the when the price"}, {"start": "00:56:21", "end": "00:56:26", "text": "goes a bit you know higher than normal"}, {"start": "00:56:23", "end": "00:56:28", "text": "no more buying and then it drops down."}, {"start": "00:56:26", "end": "00:56:30", "text": "So the that's the signal that's the"}, {"start": "00:56:28", "end": "00:56:32", "text": "signal because they all of the coins now"}, {"start": "00:56:30", "end": "00:56:34", "text": "for them to come back next cycle they"}, {"start": "00:56:32", "end": "00:56:36", "text": "need to buy it back. If they don't buy"}, {"start": "00:56:34", "end": "00:56:38", "text": "it back they will not come back. They"}, {"start": "00:56:36", "end": "00:56:41", "text": "will not come back. They ain't coming"}, {"start": "00:56:38", "end": "00:56:42", "text": "back or at least it's going to be very"}, {"start": "00:56:41", "end": "00:56:43", "text": "hard because a lot of these things guys"}, {"start": "00:56:42", "end": "00:56:45", "text": "they're not organic like you don't have"}, {"start": "00:56:43", "end": "00:56:47", "text": "organically that you know the coins come"}, {"start": "00:56:45", "end": "00:56:49", "text": "back another man it's crypto man. What"}, {"start": "00:56:47", "end": "00:56:51", "text": "do you expect? It's crypto. What what do"}, {"start": "00:56:49", "end": "00:56:53", "text": "you mean organic? Nothing is very few"}, {"start": "00:56:51", "end": "00:56:57", "text": "things in all coins are organic. It's"}, {"start": "00:56:53", "end": "00:56:59", "text": "it's a it is it is what it is. Yeah. So"}, {"start": "00:56:57", "end": "00:57:01", "text": "guys, that's it. Thank you very much for"}, {"start": "00:56:59", "end": "00:57:03", "text": "being here. Money line coin is real."}, {"start": "00:57:01", "end": "00:57:07", "text": "Bitcoin. We have no coin. No coin. No"}, {"start": "00:57:03", "end": "00:57:09", "text": "coin. No coin. Uh enjoy your Monday, new"}, {"start": "00:57:07", "end": "00:57:11", "text": "week, new opportunities. Hope you like"}, {"start": "00:57:09", "end": "00:57:13", "text": "this stream. Hope you learned a lot."}, {"start": "00:57:11", "end": "00:57:16", "text": "Fantastic."}, {"start": "00:57:13", "end": "00:57:18", "text": "And uh see you all tomorrow. same time,"}, {"start": "00:57:16", "end": "00:57:21", "text": "same uh and if you are in Bulmania, you"}, {"start": "00:57:18", "end": "00:57:23", "text": "are getting our uh private TA report uh"}, {"start": "00:57:21", "end": "00:57:26", "text": "with broader market analysis later"}, {"start": "00:57:23", "end": "00:57:29", "text": "today. Uh if you're not in Bulmania, go"}, {"start": "00:57:26", "end": "00:57:30", "text": "to bullmania.com and sign up for weight"}, {"start": "00:57:29", "end": "00:57:32", "text": "list. I think later today we will be"}, {"start": "00:57:30", "end": "00:57:35", "text": "opening up more spots. The the mad now"}, {"start": "00:57:32", "end": "00:57:36", "text": "is quite insane. Uh people are"}, {"start": "00:57:35", "end": "00:57:38", "text": "understanding mad mechanical rules"}, {"start": "00:57:36", "end": "00:57:39", "text": "should have respected and it's good."}, {"start": "00:57:38", "end": "00:57:41", "text": "It's better to understand now than"}, {"start": "00:57:39", "end": "00:57:44", "text": "never. But anyway, we will be releasing"}, {"start": "00:57:41", "end": "00:57:46", "text": "more spots uh later today. So join"}, {"start": "00:57:44", "end": "00:57:47", "text": "weight list and yeah thanks everyone in"}, {"start": "00:57:46", "end": "00:57:50", "text": "the chat. Thank you very much. Have a"}, {"start": "00:57:47", "end": "00:57:53", "text": "good day and let's check what's"}, {"start": "00:57:50", "end": "00:57:55", "text": "happening to sailor's stretch question."}, {"start": "00:57:53", "end": "00:57:57", "text": "Ivan, do you think sailor is a systemic"}, {"start": "00:57:55", "end": "00:57:58", "text": "risk and do you believe he needs to"}, {"start": "00:57:57", "end": "00:58:00", "text": "increase the dividend of stretch to make"}, {"start": "00:57:58", "end": "00:58:04", "text": "it more lucrative for investors? Let's"}, {"start": "00:58:00", "end": "00:58:07", "text": "check the stretch chart."}, {"start": "00:58:04", "end": "00:58:07", "text": "Oh,"}, {"start": "00:58:10", "end": "00:58:16", "text": "let's check the stretch chart. Oh yo."}, {"start": "00:58:18", "end": "00:58:23", "text": "Holy crap, guys. Oh,"}, {"start": "00:58:26", "end": "00:58:31", "text": "let's check the stretch chart. Oh,"}, {"start": "00:58:33", "end": "00:58:36", "text": "holy crap,"}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Now it is testing this round number 70K."}, {"start": "00:00:03", "end": "00:00:08", "text": "Should we fall below it, the next"}, {"start": "00:00:05", "end": "00:00:11", "text": "support is here at 65 and then and then"}, {"start": "00:00:08", "end": "00:00:14", "text": "we're right around the corner before our"}, {"start": "00:00:11", "end": "00:00:16", "text": "big beautiful buy zone. The big"}, {"start": "00:00:14", "end": "00:00:18", "text": "beautiful buy zone is coming up"}, {"start": "00:00:16", "end": "00:00:20", "text": "fantastically quickly. As you can see,"}, {"start": "00:00:18", "end": "00:00:24", "text": "this whole situation we've had in April"}, {"start": "00:00:20", "end": "00:00:25", "text": "was just a big fat bull jaculation"}, {"start": "00:00:24", "end": "00:00:27", "text": "premature. And the same thing in May,"}, {"start": "00:00:25", "end": "00:00:30", "text": "people thought that they were missing"}, {"start": "00:00:27", "end": "00:00:30", "text": "the the bull"}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Look, as I'm speaking to you right now,"}, {"start": "00:00:01", "end": "00:00:06", "text": "Bitcoin is going below 73k. We're"}, {"start": "00:00:03", "end": "00:00:08", "text": "currently at 72.7. We're dropping and"}, {"start": "00:00:06", "end": "00:00:10", "text": "dropping and dropping and dropping and"}, {"start": "00:00:08", "end": "00:00:11", "text": "dropping. People are in disbelief"}, {"start": "00:00:10", "end": "00:00:13", "text": "because they thought we're going to go"}, {"start": "00:00:11", "end": "00:00:16", "text": "to all-time high very quickly. We told"}, {"start": "00:00:13", "end": "00:00:19", "text": "you since October 8th to take a chill"}, {"start": "00:00:16", "end": "00:00:21", "text": "pill. We're in bear market. It is a"}, {"start": "00:00:19", "end": "00:00:23", "text": "lower high after lower high after lower"}, {"start": "00:00:21", "end": "00:00:25", "text": "high a high and a lower high. If you"}, {"start": "00:00:23", "end": "00:00:28", "text": "open up a textbook a trading textbook"}, {"start": "00:00:25", "end": "00:00:29", "text": "and you look at what is a downtrend, you"}, {"start": "00:00:28", "end": "00:00:33", "text": "will see this picture literally a high a"}, {"start": "00:00:29", "end": "00:00:33", "text": "lower high and a lower high."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "There. I'm there. Let's go. Let's go as"}, {"start": "00:00:01", "end": "00:00:05", "text": "soon as possible. Oh yes. Yes. Yes. Yes."}, {"start": "00:00:03", "end": "00:00:06", "text": "Guys, welcome to another episode. So, as"}, {"start": "00:00:05", "end": "00:00:09", "text": "you guys can see, right now, Bitcoin is"}, {"start": "00:00:06", "end": "00:00:12", "text": "going lower. Yesterday, we were at 63"}, {"start": "00:00:09", "end": "00:00:14", "text": "62. Now, we're at 61. I mean, it went"}, {"start": "00:00:12", "end": "00:00:17", "text": "all the way down to 61. Look here. We"}, {"start": "00:00:14", "end": "00:00:19", "text": "are now getting below the 200E moving"}, {"start": "00:00:17", "end": "00:00:20", "text": "average, which is fantastic. I mean,"}, {"start": "00:00:19", "end": "00:00:22", "text": "it's great, guys. It's great. 200 week"}, {"start": "00:00:20", "end": "00:00:25", "text": "moving average is the fair price of"}, {"start": "00:00:22", "end": "00:00:27", "text": "Bitcoin. Is the long-term average of the"}, {"start": "00:00:25", "end": "00:00:30", "text": "price. It is the best possible"}, {"start": "00:00:27", "end": "00:00:33", "text": "riskreward. If you can buy around 200"}, {"start": "00:00:30", "end": "00:00:35", "text": "week or ideally below it and as you can"}, {"start": "00:00:33", "end": "00:00:38", "text": "see our buy zone here actually expects"}, {"start": "00:00:35", "end": "00:00:40", "text": "us to go even lower and then likely it"}, {"start": "00:00:38", "end": "00:00:42", "text": "will take a few months of grinding"}, {"start": "00:00:40", "end": "00:00:44", "text": "finding a bottom. There is going to be"}, {"start": "00:00:42", "end": "00:00:46", "text": "no Vshape recovery. I think that's very"}, {"start": "00:00:44", "end": "00:00:47", "text": "unlikely. People ask me all the time"}, {"start": "00:00:46", "end": "00:00:49", "text": "what do you think about Vshape? Are we"}, {"start": "00:00:47", "end": "00:00:51", "text": "going to go up fast? Guys, normally"}, {"start": "00:00:49", "end": "00:00:52", "text": "after a fall you don't go up fast. You"}, {"start": "00:00:51", "end": "00:00:54", "text": "have you had one exception that was the"}, {"start": "00:00:52", "end": "00:00:56", "text": "COVID dump and everyone now expects the"}, {"start": "00:00:54", "end": "00:00:58", "text": "same each and every time we dump. This"}, {"start": "00:00:56", "end": "00:01:01", "text": "was an exception. You don't have fast"}, {"start": "00:00:58", "end": "00:01:04", "text": "recovery in a market collapse. It never"}, {"start": "00:01:01", "end": "00:01:06", "text": "is like that. Instead, you need time to"}, {"start": "00:01:04", "end": "00:01:08", "text": "grind to grind the souls like we've been"}, {"start": "00:01:06", "end": "00:01:11", "text": "discussing yesterday to ensure that"}, {"start": "00:01:08", "end": "00:01:12", "text": "everyone who is a bit concerned sells."}, {"start": "00:01:11", "end": "00:01:14", "text": "Everyone who thinks that bull market is"}, {"start": "00:01:12", "end": "00:01:17", "text": "back sells. Like we we need all of that"}, {"start": "00:01:14", "end": "00:01:19", "text": "to happen. So that's why the next step"}, {"start": "00:01:17", "end": "00:01:21", "text": "for the market is to find some kind of"}, {"start": "00:01:19", "end": "00:01:23", "text": "bottom and create apathy. Currently"}, {"start": "00:01:21", "end": "00:01:25", "text": "people are still so engaged. I mean they"}, {"start": "00:01:23", "end": "00:01:27", "text": "follow they think that we're going to"}, {"start": "00:01:25", "end": "00:01:28", "text": "recover. Maybe maybe not. Maybe now"}, {"start": "00:01:27", "end": "00:01:31", "text": "people are giving up more but we need to"}, {"start": "00:01:28", "end": "00:01:32", "text": "reach the state of apathy. That is very"}, {"start": "00:01:31", "end": "00:01:36", "text": "important. This is what Chris Berninski"}, {"start": "00:01:32", "end": "00:01:38", "text": "is saying that we have signs of early"}, {"start": "00:01:36", "end": "00:01:40", "text": "emotional capitulation. People are"}, {"start": "00:01:38", "end": "00:01:42", "text": "giving up. People are very sad. People"}, {"start": "00:01:40", "end": "00:01:45", "text": "are saying that this is a dumb asset"}, {"start": "00:01:42", "end": "00:01:47", "text": "class should have gone with AI etc etc"}, {"start": "00:01:45", "end": "00:01:50", "text": "which is by the way true but the time"}, {"start": "00:01:47", "end": "00:01:51", "text": "for that was Q4 2025 when we went"}, {"start": "00:01:50", "end": "00:01:53", "text": "through riskoff in October. That was the"}, {"start": "00:01:51", "end": "00:01:55", "text": "time for that. Currently it's actually"}, {"start": "00:01:53", "end": "00:01:57", "text": "time to be more and more bullish towards"}, {"start": "00:01:55", "end": "00:01:59", "text": "crypto. not this very day but in the"}, {"start": "00:01:57", "end": "00:02:00", "text": "coming weeks and months. It's time to"}, {"start": "00:01:59", "end": "00:02:03", "text": "really really start taking bullish"}, {"start": "00:02:00", "end": "00:02:05", "text": "positions and just mentally be prepared"}, {"start": "00:02:03", "end": "00:02:06", "text": "for the next bull which is inevitable."}, {"start": "00:02:05", "end": "00:02:09", "text": "It is coming likely going to start in"}, {"start": "00:02:06", "end": "00:02:11", "text": "Q4. So Chris Binsky is saying early"}, {"start": "00:02:09", "end": "00:02:15", "text": "signs of emotional capsulation is here"}, {"start": "00:02:11", "end": "00:02:17", "text": "but far from apathy. Taiiki Mietta"}, {"start": "00:02:15", "end": "00:02:19", "text": "bought the local top blasted the hell"}, {"start": "00:02:17", "end": "00:02:22", "text": "out of local top. But I still love"}, {"start": "00:02:19", "end": "00:02:24", "text": "Taiiki. I still love Tiki because he has"}, {"start": "00:02:22", "end": "00:02:27", "text": "humor. He's saying himself that he"}, {"start": "00:02:24", "end": "00:02:30", "text": "marked the the local top before the big"}, {"start": "00:02:27", "end": "00:02:32", "text": "fat collapse. Basically, a he marked a"}, {"start": "00:02:30", "end": "00:02:34", "text": "lower high. He got excited at lower"}, {"start": "00:02:32", "end": "00:02:36", "text": "high. He blasted into all kinds of"}, {"start": "00:02:34", "end": "00:02:38", "text": "assets as lower. It's okay, man. It's"}, {"start": "00:02:36", "end": "00:02:40", "text": "okay. And I love overall. I love him"}, {"start": "00:02:38", "end": "00:02:42", "text": "because he has humor and yeah, big big"}, {"start": "00:02:40", "end": "00:02:44", "text": "shout out. Now, Bob Lucas did a post"}, {"start": "00:02:42", "end": "00:02:46", "text": "yesterday. I think he did like a whole"}, {"start": "00:02:44", "end": "00:02:48", "text": "video yesterday, but he also said"}, {"start": "00:02:46", "end": "00:02:50", "text": "business cycle indicator is the biggest"}, {"start": "00:02:48", "end": "00:02:52", "text": "scope in crypto. 100%. I fully agree"}, {"start": "00:02:50", "end": "00:02:55", "text": "here because this is how most people"}, {"start": "00:02:52", "end": "00:02:57", "text": "actually lost money in this industry"}, {"start": "00:02:55", "end": "00:02:59", "text": "during the last six months. If you think"}, {"start": "00:02:57", "end": "00:03:01", "text": "about the last six months, last six to"}, {"start": "00:02:59", "end": "00:03:04", "text": "eight months, how did most people lose?"}, {"start": "00:03:01", "end": "00:03:05", "text": "They thought that ISM business cycle,"}, {"start": "00:03:04", "end": "00:03:07", "text": "all this micro stuff is going to save"}, {"start": "00:03:05", "end": "00:03:09", "text": "them. Instead, they got super wrecked."}, {"start": "00:03:07", "end": "00:03:11", "text": "Instead, you should have just watched"}, {"start": "00:03:09", "end": "00:03:12", "text": "the trends. And if you are on this"}, {"start": "00:03:11", "end": "00:03:14", "text": "channel, you know it. But if you're not"}, {"start": "00:03:12", "end": "00:03:16", "text": "on the channel or if you're new, big"}, {"start": "00:03:14", "end": "00:03:19", "text": "welcome. If you're new, you should know"}, {"start": "00:03:16", "end": "00:03:21", "text": "that here we have no BS approach. We"}, {"start": "00:03:19", "end": "00:03:23", "text": "look at the trends. If the trend is"}, {"start": "00:03:21", "end": "00:03:26", "text": "bearish, we're bearish. No matter what"}, {"start": "00:03:23", "end": "00:03:27", "text": "kind of business cycle or what kind of"}, {"start": "00:03:26", "end": "00:03:30", "text": "other Fugazi people try to sell you,"}, {"start": "00:03:27", "end": "00:03:32", "text": "we're bearish. Just like when you have a"}, {"start": "00:03:30", "end": "00:03:33", "text": "bull trend, we're bullish. No matter"}, {"start": "00:03:32", "end": "00:03:36", "text": "what the bears tell you, it's all"}, {"start": "00:03:33", "end": "00:03:38", "text": "fugazi. If it's bullish, it's bullish."}, {"start": "00:03:36", "end": "00:03:40", "text": "That's why currently overall Bitcoin is"}, {"start": "00:03:38", "end": "00:03:42", "text": "still in bare trend. As you can see, we"}, {"start": "00:03:40", "end": "00:03:45", "text": "are entering very cheap territory for"}, {"start": "00:03:42", "end": "00:03:47", "text": "Bitcoin. You could start DCAing here."}, {"start": "00:03:45", "end": "00:03:49", "text": "Getting nice cheap Bitcoin is fantastic."}, {"start": "00:03:47", "end": "00:03:52", "text": "But ultimately ultimately we will have"}, {"start": "00:03:49", "end": "00:03:54", "text": "to flip bullish on the weekly and when"}, {"start": "00:03:52", "end": "00:03:56", "text": "we do that is the start of the Valhalla."}, {"start": "00:03:54", "end": "00:03:59", "text": "That is the start of the Valhalla. It's"}, {"start": "00:03:56", "end": "00:04:01", "text": "very very very important and you need to"}, {"start": "00:03:59", "end": "00:04:02", "text": "start thinking more and more bullish"}, {"start": "00:04:01", "end": "00:04:04", "text": "because here's what's going to happen"}, {"start": "00:04:02", "end": "00:04:06", "text": "with most people who have missed"}, {"start": "00:04:04", "end": "00:04:08", "text": "everything like they missed to drisk in"}, {"start": "00:04:06", "end": "00:04:11", "text": "Q4. They they missed the time to sell"}, {"start": "00:04:08", "end": "00:04:12", "text": "all coins and so forth in Q4. They are"}, {"start": "00:04:11", "end": "00:04:14", "text": "actually going to be starting to flip"}, {"start": "00:04:12", "end": "00:04:18", "text": "bearish. You're going to see many such"}, {"start": "00:04:14", "end": "00:04:21", "text": "people flipping bearish now in Q3, Q4."}, {"start": "00:04:18", "end": "00:04:25", "text": "But the bare market stops when the last"}, {"start": "00:04:21", "end": "00:04:28", "text": "bull is slayed or slain, how you say,"}, {"start": "00:04:25", "end": "00:04:32", "text": "slayed or slain. We need to slay the"}, {"start": "00:04:28", "end": "00:04:33", "text": "last bull. All the loud mouths that"}, {"start": "00:04:32", "end": "00:04:35", "text": "we've been yelling that we're going to"}, {"start": "00:04:33", "end": "00:04:37", "text": "go to alltime high in May, they need to"}, {"start": "00:04:35", "end": "00:04:39", "text": "be fully fully removed from the market."}, {"start": "00:04:37", "end": "00:04:41", "text": "Fully fully liquidated, capitulated out"}, {"start": "00:04:39", "end": "00:04:42", "text": "of the market. And it's happening very"}, {"start": "00:04:41", "end": "00:04:46", "text": "quickly. It's happening very very"}, {"start": "00:04:42", "end": "00:04:48", "text": "quickly. And when all of them or most of"}, {"start": "00:04:46", "end": "00:04:50", "text": "them are bearish, that's when the bare"}, {"start": "00:04:48", "end": "00:04:52", "text": "market ends. And we will be there very"}, {"start": "00:04:50", "end": "00:04:55", "text": "soon. So mentally, you need to start"}, {"start": "00:04:52", "end": "00:04:58", "text": "preparing for the great big Valhalla"}, {"start": "00:04:55", "end": "00:05:00", "text": "which is inevitable in Q4 and in 2027."}, {"start": "00:04:58", "end": "00:05:03", "text": "The coming weeks and months are going to"}, {"start": "00:05:00", "end": "00:05:06", "text": "be so so critical. Just like we did see"}, {"start": "00:05:03", "end": "00:05:09", "text": "the final capitulation here in in"}, {"start": "00:05:06", "end": "00:05:11", "text": "November 2022 and then we had to grind"}, {"start": "00:05:09", "end": "00:05:13", "text": "for a while. Uh we had to grind for I"}, {"start": "00:05:11", "end": "00:05:15", "text": "mean actually quite some time we had to"}, {"start": "00:05:13", "end": "00:05:17", "text": "grind for from November all the way to"}, {"start": "00:05:15", "end": "00:05:19", "text": "January just grinding and grinding and"}, {"start": "00:05:17", "end": "00:05:22", "text": "grinding. This is where the souls are"}, {"start": "00:05:19", "end": "00:05:24", "text": "getting the final crush into this very"}, {"start": "00:05:22", "end": "00:05:26", "text": "fine powder so to speak and then boop"}, {"start": "00:05:24", "end": "00:05:28", "text": "we're back. So this is what needs to"}, {"start": "00:05:26", "end": "00:05:31", "text": "happen next. Okay, we need to have this"}, {"start": "00:05:28", "end": "00:05:32", "text": "sideways. But during this time, a lot of"}, {"start": "00:05:31", "end": "00:05:34", "text": "opportunities are going to come up."}, {"start": "00:05:32", "end": "00:05:37", "text": "We're going to be covering all of it."}, {"start": "00:05:34", "end": "00:05:40", "text": "So, if you're new, subscribe, uh like"}, {"start": "00:05:37", "end": "00:05:42", "text": "and also learn the system. Here, I'm"}, {"start": "00:05:40", "end": "00:05:44", "text": "covering only Bitcoin and big assets."}, {"start": "00:05:42", "end": "00:05:46", "text": "But if you really really learn the"}, {"start": "00:05:44", "end": "00:05:49", "text": "system, you can profit from any coin,"}, {"start": "00:05:46", "end": "00:05:51", "text": "any chart, any stock. Okay? If you learn"}, {"start": "00:05:49", "end": "00:05:52", "text": "the mechanical rules. So, use the link"}, {"start": "00:05:51", "end": "00:05:54", "text": "below, sign up, book the strategy call"}, {"start": "00:05:52", "end": "00:05:55", "text": "so we can give you the money line, we"}, {"start": "00:05:54", "end": "00:05:57", "text": "can explain to explain to you how"}, {"start": "00:05:55", "end": "00:05:59", "text": "everything works. Because if you"}, {"start": "00:05:57", "end": "00:06:01", "text": "understand how the system works, I mean"}, {"start": "00:05:59", "end": "00:06:04", "text": "nothing is stopping you. You can go long"}, {"start": "00:06:01", "end": "00:06:06", "text": "or short any coin, any time frame. Like"}, {"start": "00:06:04", "end": "00:06:10", "text": "here yesterday, Kajaro in our community"}, {"start": "00:06:06", "end": "00:06:12", "text": "went short. Sana fantastic 45%"}, {"start": "00:06:10", "end": "00:06:16", "text": "uh uh gain very very nice. Here Bart"}, {"start": "00:06:12", "end": "00:06:18", "text": "went long. SanDisk SanDisk fantastic 54%"}, {"start": "00:06:16", "end": "00:06:21", "text": "gain. Even here I want to comment on"}, {"start": "00:06:18", "end": "00:06:23", "text": "something because I do share the bigger"}, {"start": "00:06:21", "end": "00:06:25", "text": "gains on the channel. But even the"}, {"start": "00:06:23", "end": "00:06:27", "text": "smaller gains like 10% are very"}, {"start": "00:06:25", "end": "00:06:28", "text": "important because they compound a lot. I"}, {"start": "00:06:27", "end": "00:06:30", "text": "actually commented to this guy that"}, {"start": "00:06:28", "end": "00:06:32", "text": "listen 10% is very good if you can"}, {"start": "00:06:30", "end": "00:06:34", "text": "repeat it. And that's exactly what the"}, {"start": "00:06:32", "end": "00:06:37", "text": "mechanical rules allow you to do."}, {"start": "00:06:34", "end": "00:06:39", "text": "Imagine 10% or 13% but you have a system"}, {"start": "00:06:37", "end": "00:06:41", "text": "where you can actually repeat it over"}, {"start": "00:06:39", "end": "00:06:44", "text": "and over again in stocks and commodities"}, {"start": "00:06:41", "end": "00:06:47", "text": "anywhere. Uh this guy I think it was"}, {"start": "00:06:44", "end": "00:06:49", "text": "Pontos said practicing took 50% of the"}, {"start": "00:06:47", "end": "00:06:52", "text": "table and set stop loss to entry. This"}, {"start": "00:06:49", "end": "00:06:53", "text": "is the the best thing to do. You have a"}, {"start": "00:06:52", "end": "00:06:55", "text": "profit, you capture it and you follow"}, {"start": "00:06:53", "end": "00:06:57", "text": "the discipline. You follow the system,"}, {"start": "00:06:55", "end": "00:06:59", "text": "you follow the discipline. Very very"}, {"start": "00:06:57", "end": "00:07:00", "text": "simple. It's actually well it's simple"}, {"start": "00:06:59", "end": "00:07:02", "text": "but it's not easy. Do you understand?"}, {"start": "00:07:00", "end": "00:07:04", "text": "You need to practice. So that's why when"}, {"start": "00:07:02", "end": "00:07:06", "text": "people tell me Ivan I will learn when"}, {"start": "00:07:04", "end": "00:07:09", "text": "bull market is here. You need to"}, {"start": "00:07:06", "end": "00:07:10", "text": "practice okay you need to practice how"}, {"start": "00:07:09", "end": "00:07:12", "text": "you going to learn. You going to learn"}, {"start": "00:07:10", "end": "00:07:13", "text": "so fast you need to practice. You need"}, {"start": "00:07:12", "end": "00:07:16", "text": "to practice. So here Pontos is"}, {"start": "00:07:13", "end": "00:07:17", "text": "practicing. Took 50% of the table. Set"}, {"start": "00:07:16", "end": "00:07:19", "text": "stop loss to entry. Sounds easy in"}, {"start": "00:07:17", "end": "00:07:20", "text": "theory but a bit harder in real life."}, {"start": "00:07:19", "end": "00:07:22", "text": "100. Yeah. You need to practice. That's"}, {"start": "00:07:20", "end": "00:07:24", "text": "why I'm telling you don't wait for bull"}, {"start": "00:07:22", "end": "00:07:26", "text": "market to get into bull mania because"}, {"start": "00:07:24", "end": "00:07:29", "text": "practice makes perfect. Okay, not super"}, {"start": "00:07:26", "end": "00:07:31", "text": "gains but perfectly hopefully practice"}, {"start": "00:07:29", "end": "00:07:34", "text": "makes perfect 100% 100%. Then we have"}, {"start": "00:07:31", "end": "00:07:37", "text": "some other ones green to clean fantastic"}, {"start": "00:07:34", "end": "00:07:40", "text": "gain shorting reel. You have oh this one"}, {"start": "00:07:37", "end": "00:07:43", "text": "this one this one 40x short on Bitcoin"}, {"start": "00:07:40", "end": "00:07:46", "text": "fantastic 600% gain. Can you do this"}, {"start": "00:07:43", "end": "00:07:48", "text": "kind of big leverage? If you don't know"}, {"start": "00:07:46", "end": "00:07:49", "text": "mechanical rules you can't. You can't"}, {"start": "00:07:48", "end": "00:07:51", "text": "for you it's gambling. If you do this"}, {"start": "00:07:49", "end": "00:07:52", "text": "without mechanical rules, it's just"}, {"start": "00:07:51", "end": "00:07:54", "text": "gambling. If you have the mechanical"}, {"start": "00:07:52", "end": "00:07:56", "text": "rules, you have stop-loss, it's fully"}, {"start": "00:07:54", "end": "00:07:59", "text": "fully controlled environment, then these"}, {"start": "00:07:56", "end": "00:08:00", "text": "kinds of moves are possible 100%. Should"}, {"start": "00:07:59", "end": "00:08:02", "text": "you do them the first day you join"}, {"start": "00:08:00", "end": "00:08:04", "text": "Bulmania? No, you should practice. But"}, {"start": "00:08:02", "end": "00:08:06", "text": "again, if you know the system, you know"}, {"start": "00:08:04", "end": "00:08:08", "text": "risk management, you have a capped loss,"}, {"start": "00:08:06", "end": "00:08:12", "text": "you cannot lose more than your stop"}, {"start": "00:08:08", "end": "00:08:14", "text": "loss. Very important. Uh then hyperlquid"}, {"start": "00:08:12", "end": "00:08:18", "text": "uh this guy shorting IP, this guy"}, {"start": "00:08:14", "end": "00:08:19", "text": "shorting uh Sana. Fantastic. Fantastic."}, {"start": "00:08:18", "end": "00:08:20", "text": "And by the way guys, people also ask"}, {"start": "00:08:19", "end": "00:08:22", "text": "about SpaceX. Where can you trade"}, {"start": "00:08:20", "end": "00:08:24", "text": "SpaceX? Everywhere. If you go to"}, {"start": "00:08:22", "end": "00:08:27", "text": "bullminger.com/partners and you see by"}, {"start": "00:08:24", "end": "00:08:29", "text": "bit, Bionex, weeks, hyperlquid, like"}, {"start": "00:08:27", "end": "00:08:33", "text": "most of them actually have SpaceX now."}, {"start": "00:08:29", "end": "00:08:35", "text": "On bit unix also SpaceX, Bionex, SpaceX,"}, {"start": "00:08:33", "end": "00:08:37", "text": "Bybit, SpaceX like all of them have"}, {"start": "00:08:35", "end": "00:08:40", "text": "SpaceX. So if you want to trade even the"}, {"start": "00:08:37", "end": "00:08:42", "text": "newer IPOs, it is bybit. If you go to"}, {"start": "00:08:40", "end": "00:08:43", "text": "bullion/ partners, it's by like all"}, {"start": "00:08:42", "end": "00:08:45", "text": "these exchanges, they now support"}, {"start": "00:08:43", "end": "00:08:48", "text": "stratfi. Okay, very important. Don't"}, {"start": "00:08:45", "end": "00:08:50", "text": "miss out because you don't have the the"}, {"start": "00:08:48", "end": "00:08:52", "text": "proper uh the proper platform. Now guys,"}, {"start": "00:08:50", "end": "00:08:54", "text": "uh let's uh speed up because I actually"}, {"start": "00:08:52", "end": "00:08:57", "text": "have limited time. We need to discuss"}, {"start": "00:08:54", "end": "00:09:01", "text": "this. Uh we have Tom Lee copying Micro"}, {"start": "00:08:57", "end": "00:09:06", "text": "Strategy. Exact exact exact exact exact."}, {"start": "00:09:01", "end": "00:09:08", "text": "Tom Lee is now doing a u uh preferred"}, {"start": "00:09:06", "end": "00:09:12", "text": "stock offering like his own stretch and"}, {"start": "00:09:08", "end": "00:09:13", "text": "is going to be having a yield of 9.5%."}, {"start": "00:09:12", "end": "00:09:15", "text": "Okay,"}, {"start": "00:09:13", "end": "00:09:17", "text": "everyone is asking where is the yield"}, {"start": "00:09:15", "end": "00:09:19", "text": "coming from? I recommend no one asking"}, {"start": "00:09:17", "end": "00:09:21", "text": "where the yield comes from."}, {"start": "00:09:19", "end": "00:09:23", "text": "Where is the yield coming from, Tom?"}, {"start": "00:09:21", "end": "00:09:25", "text": "Where is it coming from? And actually,"}, {"start": "00:09:23", "end": "00:09:27", "text": "Tom did answer. Tom Lee did answer where"}, {"start": "00:09:25", "end": "00:09:29", "text": "the yield comes from. Let's listen to"}, {"start": "00:09:27", "end": "00:09:31", "text": "this nice reply. So, listen. You know"}, {"start": "00:09:29", "end": "00:09:33", "text": "how I'm down about $10 billion buying"}, {"start": "00:09:31", "end": "00:09:36", "text": "Ethereum. Listen, I have a plan. Don't"}, {"start": "00:09:33", "end": "00:09:38", "text": "worry. Don't worry. I'm going to offer a"}, {"start": "00:09:36", "end": "00:09:40", "text": "9.5% yield on the BMR shares, and that's"}, {"start": "00:09:38", "end": "00:09:42", "text": "going to attract fresh liquidity into"}, {"start": "00:09:40", "end": "00:09:44", "text": "the BMR stock. And that is going to"}, {"start": "00:09:42", "end": "00:09:46", "text": "allow me to buy even more Ethereum so we"}, {"start": "00:09:44", "end": "00:09:48", "text": "can get out of this hole. I know it"}, {"start": "00:09:46", "end": "00:09:50", "text": "didn't really work for Michael Sailor,"}, {"start": "00:09:48", "end": "00:09:52", "text": "but don't worry, Ethereum has a 3%"}, {"start": "00:09:50", "end": "00:09:55", "text": "yield. And I know that's a little bit"}, {"start": "00:09:52", "end": "00:09:56", "text": "less than a 9.5, but don't worry. We"}, {"start": "00:09:55", "end": "00:09:58", "text": "could just sell some ETH in order to"}, {"start": "00:09:56", "end": "00:10:00", "text": "offset the gains. But don't worry, we"}, {"start": "00:09:58", "end": "00:10:03", "text": "might cause a death spiral in the"}, {"start": "00:10:00", "end": "00:10:04", "text": "process. But I'm not worried about that"}, {"start": "00:10:03", "end": "00:10:06", "text": "because before that happens, we'll just"}, {"start": "00:10:04", "end": "00:10:08", "text": "attract more fresh liquidity into the"}, {"start": "00:10:06", "end": "00:10:09", "text": "ecosystem AND WE'LL KEEP PUMPING up the"}, {"start": "00:10:08", "end": "00:10:12", "text": "stocks and then we'll be completely"}, {"start": "00:10:09", "end": "00:10:14", "text": "fine. BMR is going to the moon to work"}, {"start": "00:10:12", "end": "00:10:16", "text": "to listen."}, {"start": "00:10:14", "end": "00:10:17", "text": ">> Let's see it. I mean I I also wondering"}, {"start": "00:10:16", "end": "00:10:19", "text": "where the hell is yield going to come"}, {"start": "00:10:17", "end": "00:10:21", "text": "from? Where is yield going to come from?"}, {"start": "00:10:19", "end": "00:10:22", "text": "Let's see. They need to raise money to"}, {"start": "00:10:21", "end": "00:10:24", "text": "buy ETH to then maybe ETH if goes up"}, {"start": "00:10:22", "end": "00:10:25", "text": "they can pay yield. They need to have"}, {"start": "00:10:24", "end": "00:10:27", "text": "some cash reserve. Maybe it's going to"}, {"start": "00:10:25", "end": "00:10:28", "text": "work out. If ETH pumps it's going to"}, {"start": "00:10:27", "end": "00:10:30", "text": "work out but they will have to sell ETH."}, {"start": "00:10:28", "end": "00:10:32", "text": "I mean again if ETH goes up they will"}, {"start": "00:10:30", "end": "00:10:35", "text": "have to sell ETH or sell stock or find"}, {"start": "00:10:32", "end": "00:10:36", "text": "some other fugazi way of getting USD"}, {"start": "00:10:35", "end": "00:10:38", "text": "from their ETH. I mean there are many"}, {"start": "00:10:36", "end": "00:10:39", "text": "ways to do. They can borrow against it."}, {"start": "00:10:38", "end": "00:10:41", "text": "they can sell stock again. Okay, there"}, {"start": "00:10:39", "end": "00:10:43", "text": "are many things they could they could do"}, {"start": "00:10:41", "end": "00:10:46", "text": "without selling it. But it is going to"}, {"start": "00:10:43", "end": "00:10:48", "text": "be a lot of um uh doing magic with your"}, {"start": "00:10:46", "end": "00:10:50", "text": "knees. Do you say so in in English?"}, {"start": "00:10:48", "end": "00:10:53", "text": "Doing magic with your knees. You have to"}, {"start": "00:10:50", "end": "00:10:54", "text": "like move your knees expression. Anyway,"}, {"start": "00:10:53", "end": "00:10:57", "text": "yeah, you have to do a lot of"}, {"start": "00:10:54", "end": "00:11:00", "text": "gymnastics, guys. Moving on. Moving on."}, {"start": "00:10:57", "end": "00:11:04", "text": "We have a urgent urgent urgent news for"}, {"start": "00:11:00", "end": "00:11:08", "text": "Zcash. Zcash dumped a lot. nuke 25% on"}, {"start": "00:11:04", "end": "00:11:10", "text": "the announcement that AI found a"}, {"start": "00:11:08", "end": "00:11:13", "text": "critical vulnerability where it was"}, {"start": "00:11:10", "end": "00:11:15", "text": "possible to mint new coins. Here's the"}, {"start": "00:11:13", "end": "00:11:17", "text": "problem with Zcash. It's private, so no"}, {"start": "00:11:15", "end": "00:11:19", "text": "one knows if it got exploited. It is"}, {"start": "00:11:17", "end": "00:11:22", "text": "unlikely that it got exploited, they"}, {"start": "00:11:19", "end": "00:11:23", "text": "say, but uh it could happen. It could"}, {"start": "00:11:22", "end": "00:11:26", "text": "happen that there's a bunch of Zcash"}, {"start": "00:11:23", "end": "00:11:28", "text": "that that has been minted without anyone"}, {"start": "00:11:26", "end": "00:11:29", "text": "knowing. And also, as you know, we"}, {"start": "00:11:28", "end": "00:11:32", "text": "follow the trend even though we love"}, {"start": "00:11:29", "end": "00:11:34", "text": "Zcash fundamental. as soon as soon as it"}, {"start": "00:11:32", "end": "00:11:36", "text": "goes bare trend, which it is currently"}, {"start": "00:11:34", "end": "00:11:38", "text": "doing. If you look at, for example, the"}, {"start": "00:11:36", "end": "00:11:42", "text": "12-hour chart is good to just let it"}, {"start": "00:11:38", "end": "00:11:45", "text": "figure itself out and be outside of this"}, {"start": "00:11:42", "end": "00:11:46", "text": "drama for now. And uh this is is the"}, {"start": "00:11:45", "end": "00:11:48", "text": "better system than to try, you know, be"}, {"start": "00:11:46", "end": "00:11:49", "text": "part of it, see it's going to recover or"}, {"start": "00:11:48", "end": "00:11:51", "text": "not. But ever since this news, like you"}, {"start": "00:11:49", "end": "00:11:53", "text": "look at the hourly, boom, boom, boop,"}, {"start": "00:11:51", "end": "00:11:55", "text": "bare trend daily goes to be trend. So"}, {"start": "00:11:53", "end": "00:11:58", "text": "let's see what's going to happen. All in"}, {"start": "00:11:55", "end": "00:12:01", "text": "all, we don't know the full situation"}, {"start": "00:11:58", "end": "00:12:02", "text": "because it's by design private. So like"}, {"start": "00:12:01", "end": "00:12:05", "text": "no one knows how many coins got minted"}, {"start": "00:12:02", "end": "00:12:07", "text": "is a lot of minting or not. Something"}, {"start": "00:12:05", "end": "00:12:10", "text": "that's good in terms of"}, {"start": "00:12:07", "end": "00:12:12", "text": "uh seeing it as a potential buy the dip"}, {"start": "00:12:10", "end": "00:12:14", "text": "opportunity is the volume. See uh on the"}, {"start": "00:12:12", "end": "00:12:17", "text": "daily is now also going bearish but on"}, {"start": "00:12:14", "end": "00:12:19", "text": "the daily you see this kind of volume."}, {"start": "00:12:17", "end": "00:12:22", "text": "Normally when you have big volume"}, {"start": "00:12:19", "end": "00:12:23", "text": "capitulation normally it is local"}, {"start": "00:12:22", "end": "00:12:26", "text": "bottom. Let's see how this will play"}, {"start": "00:12:23", "end": "00:12:27", "text": "out. But again it's bearish. So it's"}, {"start": "00:12:26", "end": "00:12:30", "text": "bearish. You got to be careful. It is"}, {"start": "00:12:27", "end": "00:12:32", "text": "what it is. and uh with the current"}, {"start": "00:12:30", "end": "00:12:34", "text": "development. So we see a bug found on"}, {"start": "00:12:32", "end": "00:12:36", "text": "May 29th by Taylor Hornby. So what"}, {"start": "00:12:34", "end": "00:12:40", "text": "happened here is that Zcash actually"}, {"start": "00:12:36", "end": "00:12:42", "text": "hired this guy to do analysis. He they"}, {"start": "00:12:40", "end": "00:12:46", "text": "told the guy listen do analysis see if"}, {"start": "00:12:42", "end": "00:12:49", "text": "there is any bug. Taylor Hornby this guy"}, {"start": "00:12:46", "end": "00:12:51", "text": "he basically pulled up Oppus 4.8 ate"}, {"start": "00:12:49", "end": "00:12:54", "text": "Claude. He bought Claude for $20"}, {"start": "00:12:51", "end": "00:12:58", "text": "subscription and then he asked Claude,"}, {"start": "00:12:54", "end": "00:13:00", "text": "\"Claude, can you find something?\""}, {"start": "00:12:58", "end": "00:13:03", "text": "And Claude says, \"Yeah, I found a"}, {"start": "00:13:00", "end": "00:13:06", "text": "vulnerability. You can mint the cash.\""}, {"start": "00:13:03", "end": "00:13:09", "text": "Okay, so issue under constraint circuit"}, {"start": "00:13:06", "end": "00:13:10", "text": "present since so this is the this is the"}, {"start": "00:13:09", "end": "00:13:12", "text": "unknown. This is why the price is"}, {"start": "00:13:10", "end": "00:13:14", "text": "dumping. This is why the price is"}, {"start": "00:13:12", "end": "00:13:18", "text": "dumping because this thing has been in"}, {"start": "00:13:14", "end": "00:13:20", "text": "the code this issue since 2022."}, {"start": "00:13:18", "end": "00:13:23", "text": "So, could someone since 2022 just sit"}, {"start": "00:13:20", "end": "00:13:25", "text": "there and mint a bunch of Zcash and it's"}, {"start": "00:13:23", "end": "00:13:27", "text": "impossible to see. This is the biggest"}, {"start": "00:13:25", "end": "00:13:29", "text": "unknown. Okay, this is the biggest"}, {"start": "00:13:27", "end": "00:13:30", "text": "unknown. And you know, it's good and bad"}, {"start": "00:13:29", "end": "00:13:32", "text": "with Zcash, but you know, there's no way"}, {"start": "00:13:30", "end": "00:13:34", "text": "to know how many coins like where are"}, {"start": "00:13:32", "end": "00:13:35", "text": "the is are the coins in this room with"}, {"start": "00:13:34", "end": "00:13:38", "text": "us. It's private, man. It's private."}, {"start": "00:13:35", "end": "00:13:39", "text": "It's private. So, no one knows response"}, {"start": "00:13:38", "end": "00:13:41", "text": "fully disclosed and fixed ecosystem"}, {"start": "00:13:39", "end": "00:13:44", "text": "wise. So, now it's fixed. Obviously,"}, {"start": "00:13:41", "end": "00:13:46", "text": "it's fixed. So, it is unprovable. We"}, {"start": "00:13:44", "end": "00:13:49", "text": "don't we cannot prove that it didn't get"}, {"start": "00:13:46", "end": "00:13:52", "text": "exploited but it is considered unlikely"}, {"start": "00:13:49", "end": "00:13:55", "text": "by the by the geeks in the industry."}, {"start": "00:13:52", "end": "00:13:59", "text": "It's uh it it is considered unlikely. So"}, {"start": "00:13:55", "end": "00:14:01", "text": "new shielded pool plus turns turn style"}, {"start": "00:13:59", "end": "00:14:04", "text": "for verified supply. Hopefully there is"}, {"start": "00:14:01", "end": "00:14:07", "text": "a clear image in the coming days. Let's"}, {"start": "00:14:04", "end": "00:14:09", "text": "see also these guys uh the actual team"}, {"start": "00:14:07", "end": "00:14:11", "text": "did the did the report and actually"}, {"start": "00:14:09", "end": "00:14:13", "text": "their report is what caused the dump"}, {"start": "00:14:11", "end": "00:14:16", "text": "like they did this re research"}, {"start": "00:14:13", "end": "00:14:18", "text": "themselves and when once the report came"}, {"start": "00:14:16", "end": "00:14:20", "text": "out and people saw holy crap AI found a"}, {"start": "00:14:18", "end": "00:14:22", "text": "vulnerability it's been since 2 uh the"}, {"start": "00:14:20", "end": "00:14:25", "text": "market is uh is panicking because of"}, {"start": "00:14:22", "end": "00:14:26", "text": "that. After viewing Taylor's report and"}, {"start": "00:14:25", "end": "00:14:29", "text": "discussing the implications of the"}, {"start": "00:14:26", "end": "00:14:30", "text": "vulnerability internally, Shielded Labs"}, {"start": "00:14:29", "end": "00:14:32", "text": "believes it's important to provide"}, {"start": "00:14:30", "end": "00:14:34", "text": "additional context. The vulnerability"}, {"start": "00:14:32", "end": "00:14:37", "text": "could have been exploited uh uh to to un"}, {"start": "00:14:34", "end": "00:14:40", "text": "undetectably create an unlimited amount"}, {"start": "00:14:37", "end": "00:14:42", "text": "to of counterfeit Zcash within orchard"}, {"start": "00:14:40", "end": "00:14:44", "text": "because of the basically what we said."}, {"start": "00:14:42", "end": "00:14:46", "text": "Yeah, basically what we said that"}, {"start": "00:14:44", "end": "00:14:48", "text": "theoretically possible that someone"}, {"start": "00:14:46", "end": "00:14:50", "text": "minted a bunch of them since 2022, but"}, {"start": "00:14:48", "end": "00:14:51", "text": "it's impossible to know. There's no way"}, {"start": "00:14:50", "end": "00:14:53", "text": "to cryptographically prove whether the"}, {"start": "00:14:51", "end": "00:14:56", "text": "vulnerability was exploited before it"}, {"start": "00:14:53", "end": "00:14:57", "text": "was remediated. However, a network"}, {"start": "00:14:56", "end": "00:15:00", "text": "upgrade. So you can read more about"}, {"start": "00:14:57", "end": "00:15:01", "text": "everything here. And so when you have"}, {"start": "00:15:00", "end": "00:15:04", "text": "such a collapse like you know something"}, {"start": "00:15:01", "end": "00:15:08", "text": "out of nowhere happens like this boom"}, {"start": "00:15:04", "end": "00:15:10", "text": "big big big fat uh spike down this is"}, {"start": "00:15:08", "end": "00:15:11", "text": "yet again where the mechanical rules"}, {"start": "00:15:10", "end": "00:15:13", "text": "come into place because with the"}, {"start": "00:15:11", "end": "00:15:15", "text": "mechanical rules you always have"}, {"start": "00:15:13", "end": "00:15:17", "text": "stop-loss. Always, always, always,"}, {"start": "00:15:15", "end": "00:15:19", "text": "always, always, always, always. It's the"}, {"start": "00:15:17", "end": "00:15:21", "text": "first thing you learn when you join"}, {"start": "00:15:19", "end": "00:15:24", "text": "Bulmania. Always stop loss. Always,"}, {"start": "00:15:21", "end": "00:15:26", "text": "always, always, always, always, always,"}, {"start": "00:15:24", "end": "00:15:28", "text": "always, always. No matter what else you"}, {"start": "00:15:26", "end": "00:15:30", "text": "do, always stop-loss. Most people don't"}, {"start": "00:15:28", "end": "00:15:31", "text": "have stop- loss. They think they're"}, {"start": "00:15:30", "end": "00:15:33", "text": "smart. They think they're smarter than,"}, {"start": "00:15:31", "end": "00:15:35", "text": "you know, than the market. You know,"}, {"start": "00:15:33", "end": "00:15:36", "text": "it's only, see, if you think that only"}, {"start": "00:15:35", "end": "00:15:38", "text": "dumb people need stop-loss, you're"}, {"start": "00:15:36", "end": "00:15:40", "text": "smart. You're going to lose. You're"}, {"start": "00:15:38", "end": "00:15:43", "text": "going to lose. Okay? very important"}, {"start": "00:15:40", "end": "00:15:46", "text": "because as you know we look at the price"}, {"start": "00:15:43", "end": "00:15:48", "text": "the price is the number one source of uh"}, {"start": "00:15:46", "end": "00:15:50", "text": "truth for us no matter the fundamentals"}, {"start": "00:15:48", "end": "00:15:52", "text": "encrypted Bitcoin like it's all great"}, {"start": "00:15:50", "end": "00:15:53", "text": "it's all great and by the way it is a"}, {"start": "00:15:52", "end": "00:15:56", "text": "shame that this happened to Zcash"}, {"start": "00:15:53", "end": "00:15:58", "text": "because we had such a nice narrative for"}, {"start": "00:15:56", "end": "00:16:00", "text": "the next bull with the encrypted Bitcoin"}, {"start": "00:15:58", "end": "00:16:02", "text": "but still even with a great fundamentals"}, {"start": "00:16:00", "end": "00:16:05", "text": "great project always stop-loss always"}, {"start": "00:16:02", "end": "00:16:07", "text": "always stop-loss always always so when"}, {"start": "00:16:05", "end": "00:16:09", "text": "this kind of stuff happens boop you're"}, {"start": "00:16:07", "end": "00:16:11", "text": "out you're out you have a stop loss"}, {"start": "00:16:09", "end": "00:16:13", "text": "you're out very important and when"}, {"start": "00:16:11", "end": "00:16:16", "text": "you're in a profit you can move move"}, {"start": "00:16:13", "end": "00:16:18", "text": "stop loss to entry so that's with Zcash"}, {"start": "00:16:16", "end": "00:16:20", "text": "guys uh let's see we I need to go like"}, {"start": "00:16:18", "end": "00:16:23", "text": "in 8 minutes I have the next appointment"}, {"start": "00:16:20", "end": "00:16:24", "text": "so we need to be a bit quick here and"}, {"start": "00:16:23", "end": "00:16:26", "text": "then if you are in Bulmania we have a"}, {"start": "00:16:24", "end": "00:16:29", "text": "private live stream in a in a few hours"}, {"start": "00:16:26", "end": "00:16:30", "text": "we can discuss more uh that's also one"}, {"start": "00:16:29", "end": "00:16:33", "text": "of the benefits by the way if you're in"}, {"start": "00:16:30", "end": "00:16:34", "text": "Bulmania we have on Fridays one extra uh"}, {"start": "00:16:33", "end": "00:16:36", "text": "live stream just for you guys with with"}, {"start": "00:16:34", "end": "00:16:39", "text": "all of your Q&As let's look at some"}, {"start": "00:16:36", "end": "00:16:41", "text": "coins on um on the daily hyperlid"}, {"start": "00:16:39", "end": "00:16:44", "text": "potentially now getting into bearish day"}, {"start": "00:16:41", "end": "00:16:45", "text": "trend. So be careful here. Uh all in all"}, {"start": "00:16:44", "end": "00:16:47", "text": "bit, you know, we discussed this notion"}, {"start": "00:16:45", "end": "00:16:49", "text": "of gravity. All of the coins, they're"}, {"start": "00:16:47", "end": "00:16:50", "text": "great, but Bitcoin dumps, gravity pulls"}, {"start": "00:16:49", "end": "00:16:53", "text": "everything. So even the great coins on"}, {"start": "00:16:50", "end": "00:16:55", "text": "the daily now start entering bare but on"}, {"start": "00:16:53", "end": "00:16:56", "text": "the weekly hyperlquid still bullish"}, {"start": "00:16:55", "end": "00:16:59", "text": "depending on if you trade weekly or"}, {"start": "00:16:56", "end": "00:17:02", "text": "daily. You have signals here. Uh then"}, {"start": "00:16:59", "end": "00:17:05", "text": "let's check Sana. Is it going to 30?"}, {"start": "00:17:02", "end": "00:17:08", "text": "Seems like it. It was 68 yesterday. Now"}, {"start": "00:17:05", "end": "00:17:10", "text": "it is 64. It broke below this low right"}, {"start": "00:17:08", "end": "00:17:14", "text": "here. And now going home to papa to the"}, {"start": "00:17:10", "end": "00:17:16", "text": "30s to the 30s. Um guys, if someone"}, {"start": "00:17:14", "end": "00:17:18", "text": "works at Nobel Prize, please let me"}, {"start": "00:17:16", "end": "00:17:20", "text": "know. Can we apply to the Nobel Prize?"}, {"start": "00:17:18", "end": "00:17:22", "text": "Because we predicted 30 like back in"}, {"start": "00:17:20", "end": "00:17:23", "text": "January. Okay, I have all the receipts"}, {"start": "00:17:22", "end": "00:17:25", "text": "like I can give you all the all the"}, {"start": "00:17:23", "end": "00:17:28", "text": "tweets I have. Wouldn't it be cool if"}, {"start": "00:17:25", "end": "00:17:29", "text": "Nobel Prize in economics went to to us"}, {"start": "00:17:28", "end": "00:17:31", "text": "this year? Because I I don't know what"}, {"start": "00:17:29", "end": "00:17:33", "text": "it goes to every year. Like no one cares"}, {"start": "00:17:31", "end": "00:17:35", "text": "about it. No one cares what was the last"}, {"start": "00:17:33", "end": "00:17:38", "text": "Nobel Prize economy. No, no one cares."}, {"start": "00:17:35", "end": "00:17:40", "text": "If they gave it to us for predicting to"}, {"start": "00:17:38", "end": "00:17:42", "text": "30, it would be world news. You will get"}, {"start": "00:17:40", "end": "00:17:45", "text": "more clients to your Nobel or what hell"}, {"start": "00:17:42", "end": "00:17:48", "text": "you do. Okay, you get promotion. I can"}, {"start": "00:17:45", "end": "00:17:50", "text": "retweet you on social media. The the"}, {"start": "00:17:48", "end": "00:17:52", "text": "life of an influencer. I can retweet"}, {"start": "00:17:50", "end": "00:17:55", "text": "you. I can do you get Instagram story."}, {"start": "00:17:52", "end": "00:17:58", "text": "Okay."}, {"start": "00:17:55", "end": "00:18:00", "text": "So guys, check first. Can we get it or"}, {"start": "00:17:58", "end": "00:18:02", "text": "no? What's the eligibility criteria?"}, {"start": "00:18:00", "end": "00:18:05", "text": "Because if it goes to 30 guys, it is"}, {"start": "00:18:02", "end": "00:18:07", "text": "like one of the craziest predictions"}, {"start": "00:18:05", "end": "00:18:08", "text": "that came true that that we've done that"}, {"start": "00:18:07", "end": "00:18:10", "text": "that is bearish. I mean, we've done many"}, {"start": "00:18:08", "end": "00:18:14", "text": "crazy bullish ones with Polygon that did"}, {"start": "00:18:10", "end": "00:18:16", "text": "100x in like 2021. But um in terms of"}, {"start": "00:18:14", "end": "00:18:18", "text": "the bearish and then all coin, which you"}, {"start": "00:18:16", "end": "00:18:19", "text": "could have shorted like the crap out of"}, {"start": "00:18:18", "end": "00:18:21", "text": "it, which many people in Blooming have"}, {"start": "00:18:19", "end": "00:18:22", "text": "done, it it would be probably the"}, {"start": "00:18:21", "end": "00:18:24", "text": "craziest. But let's see. Let's see. It's"}, {"start": "00:18:22", "end": "00:18:26", "text": "kind of heading there. ETH, what's"}, {"start": "00:18:24", "end": "00:18:28", "text": "happening? ETH taking a nose dive."}, {"start": "00:18:26", "end": "00:18:30", "text": "Great. Uh well, I mean, yeah, volume is"}, {"start": "00:18:28", "end": "00:18:31", "text": "big, but not too big. So should it be"}, {"start": "00:18:30", "end": "00:18:34", "text": "like crazy volume then likely local"}, {"start": "00:18:31", "end": "00:18:35", "text": "bottom but uh it's big but you know you"}, {"start": "00:18:34", "end": "00:18:37", "text": "compare previously we we had even bigger"}, {"start": "00:18:35", "end": "00:18:39", "text": "but this volume is quite I mean it's"}, {"start": "00:18:37", "end": "00:18:40", "text": "quite big let's see ETH is still just"}, {"start": "00:18:39", "end": "00:18:44", "text": "you know consolidating here sideways for"}, {"start": "00:18:40", "end": "00:18:45", "text": "10 years or where it is uh BNB looking"}, {"start": "00:18:44", "end": "00:18:47", "text": "okay I mean it's bearish but in"}, {"start": "00:18:45", "end": "00:18:48", "text": "comparison to ETH and everything you see"}, {"start": "00:18:47", "end": "00:18:51", "text": "still is like holding this highs from"}, {"start": "00:18:48", "end": "00:18:51", "text": "2024"}, {"start": "00:18:51", "end": "00:18:57", "text": "what else avalanche new alltime low see"}, {"start": "00:18:54", "end": "00:18:58", "text": "a lot of this alltime low coins are now"}, {"start": "00:18:57", "end": "00:18:59", "text": "breaking down you know they've been"}, {"start": "00:18:58", "end": "00:19:01", "text": "they've been holding ing this alltime"}, {"start": "00:18:59", "end": "00:19:03", "text": "low. Now they're breaking down into the"}, {"start": "00:19:01", "end": "00:19:04", "text": "abyss. There is no support. There is"}, {"start": "00:19:03", "end": "00:19:06", "text": "nothing there. Basically, there's"}, {"start": "00:19:04", "end": "00:19:08", "text": "nothing there. You just fall into the"}, {"start": "00:19:06", "end": "00:19:10", "text": "abyss. It is alltime low and the candle"}, {"start": "00:19:08", "end": "00:19:13", "text": "looks like this. It's fully red and it's"}, {"start": "00:19:10", "end": "00:19:15", "text": "like, you know, the it's flat at the"}, {"start": "00:19:13", "end": "00:19:17", "text": "top. Then you then you know it's bad."}, {"start": "00:19:15", "end": "00:19:19", "text": "When it's when the when it's alltime low"}, {"start": "00:19:17", "end": "00:19:20", "text": "and and the candle is like this where"}, {"start": "00:19:19", "end": "00:19:22", "text": "it's basically fully flat, there's no"}, {"start": "00:19:20", "end": "00:19:24", "text": "week. You you you basically live in"}, {"start": "00:19:22", "end": "00:19:28", "text": "history. No one before you has had such"}, {"start": "00:19:24", "end": "00:19:30", "text": "a big loss in this coin than you. Okay?"}, {"start": "00:19:28", "end": "00:19:33", "text": "So you can look yourself as a historic"}, {"start": "00:19:30", "end": "00:19:35", "text": "person, historic individual. So everyone"}, {"start": "00:19:33", "end": "00:19:37", "text": "who has ADA now is a historic individual"}, {"start": "00:19:35", "end": "00:19:39", "text": "because no one or okay is different. It"}, {"start": "00:19:37", "end": "00:19:41", "text": "was actually lower back in 2020. So you"}, {"start": "00:19:39", "end": "00:19:45", "text": "guys are not historic. You don't even"}, {"start": "00:19:41", "end": "00:19:46", "text": "get that. But if you are in avalanche, I"}, {"start": "00:19:45", "end": "00:19:48", "text": "believe you guys are historic. You're"}, {"start": "00:19:46", "end": "00:19:50", "text": "historic bag holders because this thing"}, {"start": "00:19:48", "end": "00:19:54", "text": "has never been so low. He's never been"}, {"start": "00:19:50", "end": "00:19:56", "text": "so low. So congrats. I guess congrats."}, {"start": "00:19:54", "end": "00:19:58", "text": "Tao, what's happening? Tao. Tao is still"}, {"start": "00:19:56", "end": "00:20:01", "text": "here derping around. No, nothing too uh"}, {"start": "00:19:58", "end": "00:20:02", "text": "too interesting. Looking at Sui Sui"}, {"start": "00:20:01", "end": "00:20:04", "text": "going towards the support we have here"}, {"start": "00:20:02", "end": "00:20:07", "text": "0.5 is the next support going to go"}, {"start": "00:20:04", "end": "00:20:10", "text": "there most likely. Uh let's see pump"}, {"start": "00:20:07", "end": "00:20:11", "text": "bearish tone going to go bear. Yeah, I"}, {"start": "00:20:10", "end": "00:20:13", "text": "mean that's it guys. That's it. Listen,"}, {"start": "00:20:11", "end": "00:20:15", "text": "I have to go like right now because I"}, {"start": "00:20:13", "end": "00:20:17", "text": "have a next appointment in four minutes."}, {"start": "00:20:15", "end": "00:20:19", "text": "But guys, thanks both for being here."}, {"start": "00:20:17", "end": "00:20:21", "text": "Sometimes we do a long one, sometimes we"}, {"start": "00:20:19", "end": "00:20:23", "text": "do a short one. Okay, you you got to"}, {"start": "00:20:21", "end": "00:20:26", "text": "like both long and short. Sometimes it's"}, {"start": "00:20:23", "end": "00:20:27", "text": "a quick one. Sometimes it's uh just, you"}, {"start": "00:20:26", "end": "00:20:29", "text": "know, that's what she said, but it is"}, {"start": "00:20:27", "end": "00:20:31", "text": "like that. Sometimes it's quicker,"}, {"start": "00:20:29", "end": "00:20:32", "text": "sometimes it's not quicker. But I think"}, {"start": "00:20:31", "end": "00:20:35", "text": "we covered the most thing. I gave you"}, {"start": "00:20:32", "end": "00:20:39", "text": "the Bitcoin update, Zcash update,"}, {"start": "00:20:35", "end": "00:20:42", "text": "altcoin update, uh Tomley uh Tomley up"}, {"start": "00:20:39", "end": "00:20:45", "text": "update. We got the shout out to uh to"}, {"start": "00:20:42", "end": "00:20:47", "text": "Guzman. You got to hear about Bullmania"}, {"start": "00:20:45", "end": "00:20:49", "text": "yet again. We check that off with the"}, {"start": "00:20:47", "end": "00:20:50", "text": "buy bit. You got to hear you got to hear"}, {"start": "00:20:49", "end": "00:20:52", "text": "about everything, guys. So, hope you"}, {"start": "00:20:50", "end": "00:20:54", "text": "like it. Hope you appreciate it. Smash"}, {"start": "00:20:52", "end": "00:20:56", "text": "up the like. Have a good Friday. Enjoy"}, {"start": "00:20:54", "end": "00:20:59", "text": "your weekend. Now guys, about the"}, {"start": "00:20:56", "end": "00:21:01", "text": "weekend, if we see something crazy,"}, {"start": "00:20:59", "end": "00:21:03", "text": "Bitcoin goes to 20K, we're going to do"}, {"start": "00:21:01", "end": "00:21:04", "text": "new episode. Obviously, if we in real"}, {"start": "00:21:03", "end": "00:21:07", "text": "time, we're going to be covering the the"}, {"start": "00:21:04", "end": "00:21:08", "text": "the market. If we are like 62, 63, then"}, {"start": "00:21:07", "end": "00:21:11", "text": "we're going to just going to be back"}, {"start": "00:21:08", "end": "00:21:14", "text": "Monday. But if we see some kind of"}, {"start": "00:21:11", "end": "00:21:15", "text": "capitulation, we drop to like 50K, we're"}, {"start": "00:21:14", "end": "00:21:18", "text": "going to be here. We're going to be here"}, {"start": "00:21:15", "end": "00:21:20", "text": "with you, holding you by the hand, spoon"}, {"start": "00:21:18", "end": "00:21:22", "text": "feeding you, all of the information. If"}, {"start": "00:21:20", "end": "00:21:24", "text": "the market is sideways, there is no"}, {"start": "00:21:22", "end": "00:21:26", "text": "entertainment, there's no uh no"}, {"start": "00:21:24", "end": "00:21:28", "text": "volatility. That's it, guys. And if"}, {"start": "00:21:26", "end": "00:21:30", "text": "you're in Bulmania in, you know, later"}, {"start": "00:21:28", "end": "00:21:32", "text": "today, it's it's another private stream."}, {"start": "00:21:30", "end": "00:21:34", "text": "We can go deeper, prepare your question,"}, {"start": "00:21:32", "end": "00:21:37", "text": "whatever Q&A we didn't have here, bring"}, {"start": "00:21:34", "end": "00:21:39", "text": "it to the Bulmania stream, guys. Go to"}, {"start": "00:21:37", "end": "00:21:41", "text": "bulmania.com, sign up for free strategy"}, {"start": "00:21:39", "end": "00:21:43", "text": "call. That's how you join us. And"}, {"start": "00:21:41", "end": "00:21:46", "text": "goodbye. See you. So, see you soon."}, {"start": "00:21:43", "end": "00:21:46", "text": "Bye-bye."}, {"start": "00:21:47", "end": "00:21:51", "text": "Question. Ivan, do you think Sailor is a"}, {"start": "00:21:49", "end": "00:21:53", "text": "systemic risk? And do you believe he"}, {"start": "00:21:51", "end": "00:21:54", "text": "needs to increase the dividend of"}, {"start": "00:21:53", "end": "00:21:56", "text": "Stretch to make it more lucrative for"}, {"start": "00:21:54", "end": "00:21:59", "text": "investors? Let's check the stretch"}, {"start": "00:21:56", "end": "00:22:02", "text": "chart. Chart."}, {"start": "00:21:59", "end": "00:22:02", "text": "Oh,"}, {"start": "00:22:05", "end": "00:22:10", "text": "let's check the stretch chart. Oh."}, {"start": "00:22:13", "end": "00:22:19", "text": "Holy crap, guys. Oh yo,"}, {"start": "00:22:21", "end": "00:22:26", "text": "let's check the stretch chart. Oh,"}, {"start": "00:22:28", "end": "00:22:33", "text": "holy crap, guys. It's at 96. I I I"}, {"start": "00:22:31", "end": "00:22:36", "text": "missed this dump. It happened yesterday."}, {"start": "00:22:33", "end": "00:22:36", "text": "Holy macarons. Buck it off."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Hey everyone and thanks for jumping back"}, {"start": "00:00:02", "end": "00:00:07", "text": "into the cryptoverse."}, {"start": "00:00:04", "end": "00:00:09", "text": "Today we're going to talk about Bitcoin"}, {"start": "00:00:07", "end": "00:00:13", "text": "and we're going to be discussing"}, {"start": "00:00:09", "end": "00:00:14", "text": "timebased capitulation. If you guys like"}, {"start": "00:00:13", "end": "00:00:16", "text": "the content, make sure you subscribe to"}, {"start": "00:00:14", "end": "00:00:18", "text": "the channel, give the video a thumbs up,"}, {"start": "00:00:16", "end": "00:00:20", "text": "and also check out the sale on into the"}, {"start": "00:00:18", "end": "00:00:22", "text": "cryptoverse premium at into the"}, {"start": "00:00:20", "end": "00:00:25", "text": "cryptoverse.com. The sale is ending"}, {"start": "00:00:22", "end": "00:00:27", "text": "soon. Let's go ahead and jump in."}, {"start": "00:00:25", "end": "00:00:29", "text": "Bitcoin's currently trading at around"}, {"start": "00:00:27", "end": "00:00:33", "text": "$63,000."}, {"start": "00:00:29", "end": "00:00:35", "text": "I'm recording this video on June 11th."}, {"start": "00:00:33", "end": "00:00:37", "text": "It'll probably not go live for a few"}, {"start": "00:00:35", "end": "00:00:38", "text": "days because I'm going to be traveling,"}, {"start": "00:00:37", "end": "00:00:41", "text": "but just for reference, that's where we"}, {"start": "00:00:38", "end": "00:00:44", "text": "are right now."}, {"start": "00:00:41", "end": "00:00:50", "text": "Pricebased capitulation is one thing."}, {"start": "00:00:44", "end": "00:00:53", "text": "Timebased capitulation is another. And"}, {"start": "00:00:50", "end": "00:00:56", "text": "the argument that I have made this year"}, {"start": "00:00:53", "end": "00:00:59", "text": "is that timebased capitulation is"}, {"start": "00:00:56", "end": "00:01:01", "text": "actually more important than price-based"}, {"start": "00:00:59", "end": "00:01:04", "text": "capitulation."}, {"start": "00:01:01", "end": "00:01:08", "text": "Be that as a may if you were to get some"}, {"start": "00:01:04", "end": "00:01:11", "text": "type of pricebased capitulation where"}, {"start": "00:01:08", "end": "00:01:13", "text": "all the onchain indicators fully reset"}, {"start": "00:01:11", "end": "00:01:16", "text": "then I think it would make sense to"}, {"start": "00:01:13", "end": "00:01:19", "text": "defer to pricebased capitulation. But"}, {"start": "00:01:16", "end": "00:01:21", "text": "unless that happens, timebased"}, {"start": "00:01:19", "end": "00:01:25", "text": "capitulation I think makes a lot more"}, {"start": "00:01:21", "end": "00:01:26", "text": "sense to follow. What I mean by that is"}, {"start": "00:01:25", "end": "00:01:29", "text": "that in a lot of these prior bare"}, {"start": "00:01:26", "end": "00:01:32", "text": "markets, Bitcoin"}, {"start": "00:01:29", "end": "00:01:36", "text": "was going down for approximately one"}, {"start": "00:01:32", "end": "00:01:38", "text": "year. Okay, you have"}, {"start": "00:01:36", "end": "00:01:40", "text": "December"}, {"start": "00:01:38", "end": "00:01:44", "text": "of 2017"}, {"start": "00:01:40", "end": "00:01:48", "text": "to December 2018."}, {"start": "00:01:44", "end": "00:01:52", "text": "you have November 2022"}, {"start": "00:01:48", "end": "00:01:55", "text": "to or sorry November 2021 to November"}, {"start": "00:01:52", "end": "00:02:00", "text": "2022."}, {"start": "00:01:55", "end": "00:02:02", "text": "So the point is that the last two"}, {"start": "00:02:00", "end": "00:02:05", "text": "midterm year bare markets lasted"}, {"start": "00:02:02", "end": "00:02:08", "text": "approximately one year."}, {"start": "00:02:05", "end": "00:02:11", "text": "Now the bare market before that it was"}, {"start": "00:02:08", "end": "00:02:14", "text": "November 2013"}, {"start": "00:02:11", "end": "00:02:17", "text": "to January 2014."}, {"start": "00:02:14", "end": "00:02:21", "text": "So in this case, it lasted a little more"}, {"start": "00:02:17", "end": "00:02:24", "text": "than a year. However, I would point out"}, {"start": "00:02:21", "end": "00:02:26", "text": "that the high that occurred was like at"}, {"start": "00:02:24", "end": "00:02:29", "text": "the very end of November, like almost"}, {"start": "00:02:26", "end": "00:02:33", "text": "like early December, and then the low"}, {"start": "00:02:29", "end": "00:02:36", "text": "was pretty early on in January. So if"}, {"start": "00:02:33", "end": "00:02:40", "text": "you were to actually take sort of like a"}, {"start": "00:02:36", "end": "00:02:43", "text": "a date range from the high,"}, {"start": "00:02:40", "end": "00:02:45", "text": "let's see when the high was. So it would"}, {"start": "00:02:43", "end": "00:02:49", "text": "have been the week of November 25th to"}, {"start": "00:02:45", "end": "00:02:51", "text": "the low it was about 59 weeks and if you"}, {"start": "00:02:49", "end": "00:02:56", "text": "look at say December 2017 to December"}, {"start": "00:02:51", "end": "00:03:01", "text": "2018 it was about you know 53 weeks"}, {"start": "00:02:56", "end": "00:03:03", "text": "right and then the next one was about"}, {"start": "00:03:01", "end": "00:03:08", "text": "I think it went all the way over there"}, {"start": "00:03:03", "end": "00:03:08", "text": "is about 54 weeks we're currently"}, {"start": "00:03:08", "end": "00:03:14", "text": "what about week 35"}, {"start": "00:03:11", "end": "00:03:17", "text": "so I'm Not saying that it can't bottom"}, {"start": "00:03:14", "end": "00:03:20", "text": "sooner than the end of the year. I'm"}, {"start": "00:03:17", "end": "00:03:23", "text": "just saying that history shows us that"}, {"start": "00:03:20", "end": "00:03:25", "text": "the bare markets take about 50 to 60"}, {"start": "00:03:23", "end": "00:03:28", "text": "weeks to play out when the bare markets"}, {"start": "00:03:25", "end": "00:03:31", "text": "happen. Now, we actually have an example"}, {"start": "00:03:28", "end": "00:03:33", "text": "though where a bare market played out in"}, {"start": "00:03:31", "end": "00:03:37", "text": "a shorter time frame. And that bare"}, {"start": "00:03:33", "end": "00:03:39", "text": "market was in fact the 2019 into 2020"}, {"start": "00:03:37", "end": "00:03:41", "text": "bare market which I have in fact talked"}, {"start": "00:03:39", "end": "00:03:44", "text": "about a lot and I've made this"}, {"start": "00:03:41", "end": "00:03:47", "text": "comparison to this bull market followed"}, {"start": "00:03:44", "end": "00:03:49", "text": "by the bear to this one over here. Now"}, {"start": "00:03:47", "end": "00:03:52", "text": "what we'll never know is what would have"}, {"start": "00:03:49", "end": "00:03:55", "text": "happened to Bitcoin back in 2020 had we"}, {"start": "00:03:52", "end": "00:03:58", "text": "not had the pandemic. What would have"}, {"start": "00:03:55", "end": "00:04:00", "text": "happened? Would it have gone like this?"}, {"start": "00:03:58", "end": "00:04:04", "text": "like maybe it would have consolidated"}, {"start": "00:04:00", "end": "00:04:07", "text": "more eventually came down here"}, {"start": "00:04:04", "end": "00:04:09", "text": "and then gone up."}, {"start": "00:04:07", "end": "00:04:15", "text": "We don't know because what happened is"}, {"start": "00:04:09", "end": "00:04:19", "text": "we got a price based capitulation"}, {"start": "00:04:15", "end": "00:04:21", "text": "where it essentially reset all of the"}, {"start": "00:04:19", "end": "00:04:23", "text": "onchain indicators. Let me give you an"}, {"start": "00:04:21", "end": "00:04:26", "text": "example."}, {"start": "00:04:23", "end": "00:04:29", "text": "If you were to look at things like the"}, {"start": "00:04:26", "end": "00:04:30", "text": "realized price and the terminal price,"}, {"start": "00:04:29", "end": "00:04:33", "text": "you can see that Bitcoin falls below"}, {"start": "00:04:30", "end": "00:04:36", "text": "those at the end of every bare market."}, {"start": "00:04:33", "end": "00:04:38", "text": "Now, in 2019, 2020, it was trending down"}, {"start": "00:04:36", "end": "00:04:42", "text": "after that non-uporic top, the"}, {"start": "00:04:38", "end": "00:04:43", "text": "post-apathetic top digestion phase. And"}, {"start": "00:04:42", "end": "00:04:45", "text": "you could have argued that maybe we"}, {"start": "00:04:43", "end": "00:04:48", "text": "would have had timebased capitulation,"}, {"start": "00:04:45", "end": "00:04:52", "text": "but instead we had pricebased"}, {"start": "00:04:48", "end": "00:04:55", "text": "capitulation where it fully reset the"}, {"start": "00:04:52", "end": "00:04:59", "text": "onchain indicators. In fact, the Bitcoin"}, {"start": "00:04:55", "end": "00:05:05", "text": "supply in profit or loss"}, {"start": "00:04:59", "end": "00:05:08", "text": "also crossed in 2020. So you can have an"}, {"start": "00:05:05", "end": "00:05:10", "text": "idea or a thesis on how long something"}, {"start": "00:05:08", "end": "00:05:15", "text": "will take to play out, but if you were"}, {"start": "00:05:10", "end": "00:05:17", "text": "to get a pricebased capitulation, then I"}, {"start": "00:05:15", "end": "00:05:19", "text": "think it makes sense to pivot sooner."}, {"start": "00:05:17", "end": "00:05:21", "text": "If you were to compare the current bare"}, {"start": "00:05:19", "end": "00:05:24", "text": "market to the one in 2019 2020, you can"}, {"start": "00:05:21", "end": "00:05:28", "text": "see what I'm saying. If Bitcoin were to"}, {"start": "00:05:24", "end": "00:05:30", "text": "capitulate in June the same way that it"}, {"start": "00:05:28", "end": "00:05:32", "text": "did in March of 2020, then it wouldn't"}, {"start": "00:05:30", "end": "00:05:34", "text": "make sense, in my opinion, to stay"}, {"start": "00:05:32", "end": "00:05:37", "text": "bearish and until October. It just"}, {"start": "00:05:34", "end": "00:05:40", "text": "wouldn't. But if we just continue to put"}, {"start": "00:05:37", "end": "00:05:43", "text": "in slightly lower highs and slightly"}, {"start": "00:05:40", "end": "00:05:45", "text": "lower lows, which is kind of what we've"}, {"start": "00:05:43", "end": "00:05:47", "text": "been doing for this year, and if you"}, {"start": "00:05:45", "end": "00:05:49", "text": "look at the 2026 and compare that to the"}, {"start": "00:05:47", "end": "00:05:50", "text": "average of prior midterm years and"}, {"start": "00:05:49", "end": "00:05:52", "text": "overlay one standard deviation over to"}, {"start": "00:05:50", "end": "00:05:54", "text": "that average, you can see that right now"}, {"start": "00:05:52", "end": "00:05:56", "text": "Bitcoin is down about as much as it"}, {"start": "00:05:54", "end": "00:05:57", "text": "normally is at this point in mid-term"}, {"start": "00:05:56", "end": "00:06:00", "text": "years"}, {"start": "00:05:57", "end": "00:06:01", "text": "on average. So, it's hard to know which"}, {"start": "00:06:00", "end": "00:06:03", "text": "way we're going to go. Do we get a big"}, {"start": "00:06:01", "end": "00:06:05", "text": "capitulation"}, {"start": "00:06:03", "end": "00:06:09", "text": "that allows all the onchain indicators"}, {"start": "00:06:05", "end": "00:06:11", "text": "to reset and justifies not having to"}, {"start": "00:06:09", "end": "00:06:14", "text": "wait until October? There is an example"}, {"start": "00:06:11", "end": "00:06:18", "text": "of that in history even with the S&P"}, {"start": "00:06:14", "end": "00:06:22", "text": "500. If you look in the 1960s,"}, {"start": "00:06:18", "end": "00:06:23", "text": "I think it was uh from memory 1962,"}, {"start": "00:06:22", "end": "00:06:26", "text": "you can see there was a big capitulation"}, {"start": "00:06:23", "end": "00:06:30", "text": "by the stock market"}, {"start": "00:06:26", "end": "00:06:34", "text": "into into the summer into July or yeah,"}, {"start": "00:06:30", "end": "00:06:36", "text": "June and then the October low was a"}, {"start": "00:06:34", "end": "00:06:38", "text": "higher low. So, I would argue there's a"}, {"start": "00:06:36", "end": "00:06:41", "text": "chance that you'll have a low around"}, {"start": "00:06:38", "end": "00:06:45", "text": "that time frame in Q4 and it'll probably"}, {"start": "00:06:41", "end": "00:06:48", "text": "be a lower low. But if Bitcoin were to"}, {"start": "00:06:45", "end": "00:06:52", "text": "get a big drop sooner,"}, {"start": "00:06:48", "end": "00:06:54", "text": "then you could justify pivoting sooner."}, {"start": "00:06:52", "end": "00:06:57", "text": "I put out a video recently talking about"}, {"start": "00:06:54", "end": "00:06:59", "text": "the risk metric, right, and how I use it"}, {"start": "00:06:57", "end": "00:07:01", "text": "to navigate crypto. But one of the"}, {"start": "00:06:59", "end": "00:07:04", "text": "things I was very adamant about this"}, {"start": "00:07:01", "end": "00:07:07", "text": "cycle was that we likely would not go to"}, {"start": "00:07:04", "end": "00:07:11", "text": "the euphoric stages because we were"}, {"start": "00:07:07", "end": "00:07:14", "text": "seeing retail leave crypto rather than"}, {"start": "00:07:11", "end": "00:07:15", "text": "come to crypto. And so when I was"}, {"start": "00:07:14", "end": "00:07:18", "text": "looking at it last year, I'm like, look,"}, {"start": "00:07:15", "end": "00:07:20", "text": "this to me it looks like a a larger"}, {"start": "00:07:18", "end": "00:07:24", "text": "version of what happened in the 2019"}, {"start": "00:07:20", "end": "00:07:26", "text": "bare market. And because of that,"}, {"start": "00:07:24", "end": "00:07:29", "text": "instead of waiting for Bitcoin to go all"}, {"start": "00:07:26", "end": "00:07:32", "text": "the way up to the higher wristbands, I"}, {"start": "00:07:29", "end": "00:07:35", "text": "used timebased"}, {"start": "00:07:32", "end": "00:07:38", "text": "analysis rather than price-based. So it"}, {"start": "00:07:35", "end": "00:07:42", "text": "was more like, hey, we just ran out of"}, {"start": "00:07:38", "end": "00:07:46", "text": "time to go to these euphoric levels. In"}, {"start": "00:07:42", "end": "00:07:49", "text": "2019, we did not run out of time because"}, {"start": "00:07:46", "end": "00:07:51", "text": "the four-year cycle like that that post"}, {"start": "00:07:49", "end": "00:07:53", "text": "that apathetic top occurred in the"}, {"start": "00:07:51", "end": "00:07:56", "text": "middle of the four-year cycle. But in"}, {"start": "00:07:53", "end": "00:07:59", "text": "this cycle, the apathetic top occurred"}, {"start": "00:07:56", "end": "00:08:00", "text": "at the end of the four-year cycle. So"}, {"start": "00:07:59", "end": "00:08:03", "text": "the reason I became very bearish on"}, {"start": "00:08:00", "end": "00:08:06", "text": "Bitcoin late last year, it was not"}, {"start": "00:08:03", "end": "00:08:08", "text": "because the euphoric rallies happened."}, {"start": "00:08:06", "end": "00:08:09", "text": "It was not because all the indicators"}, {"start": "00:08:08", "end": "00:08:12", "text": "were going off. In fact, if you were to"}, {"start": "00:08:09", "end": "00:08:14", "text": "go back and look at the the terminal"}, {"start": "00:08:12", "end": "00:08:16", "text": "price chart that has the realized price"}, {"start": "00:08:14", "end": "00:08:19", "text": "and balance price, you'll see that"}, {"start": "00:08:16", "end": "00:08:20", "text": "Bitcoin did not go above the terminal"}, {"start": "00:08:19", "end": "00:08:24", "text": "price, which is where it goes during"}, {"start": "00:08:20", "end": "00:08:29", "text": "euphoric rallies. It only went part of"}, {"start": "00:08:24", "end": "00:08:32", "text": "the way up there, like 2019. So my best"}, {"start": "00:08:29", "end": "00:08:35", "text": "guess as to what is happening right now"}, {"start": "00:08:32", "end": "00:08:37", "text": "and I know this has come uh you know a"}, {"start": "00:08:35", "end": "00:08:39", "text": "lot of people have not liked this view"}, {"start": "00:08:37", "end": "00:08:41", "text": "but I have to be honest like I feel like"}, {"start": "00:08:39", "end": "00:08:42", "text": "at this point it is the only view that"}, {"start": "00:08:41", "end": "00:08:44", "text": "has sort of stood the test of time one"}, {"start": "00:08:42", "end": "00:08:45", "text": "of the only views. I think there's a few"}, {"start": "00:08:44", "end": "00:08:46", "text": "other people out there that have had"}, {"start": "00:08:45", "end": "00:08:49", "text": "similar types of views based on other"}, {"start": "00:08:46", "end": "00:08:51", "text": "things but it is one of the only views"}, {"start": "00:08:49", "end": "00:08:54", "text": "that has stood the test of time that"}, {"start": "00:08:51", "end": "00:08:56", "text": "this was a apathetic top no rotation"}, {"start": "00:08:54", "end": "00:09:00", "text": "into altcoins. Bitcoin topped two months"}, {"start": "00:08:56", "end": "00:09:02", "text": "before QT ended like 2019. And in 2025,"}, {"start": "00:09:00", "end": "00:09:04", "text": "the Fed cut rates three times in 2019."}, {"start": "00:09:02", "end": "00:09:07", "text": "The Fed cut rates three times in 2025."}, {"start": "00:09:04", "end": "00:09:10", "text": "It just happens to be that the"}, {"start": "00:09:07", "end": "00:09:12", "text": "postappathetic top digestion phase"}, {"start": "00:09:10", "end": "00:09:15", "text": "happens to line up with the midterm year"}, {"start": "00:09:12", "end": "00:09:18", "text": "bare market. And so you could look at a"}, {"start": "00:09:15", "end": "00:09:20", "text": "chart like this, the comparison to 2019,"}, {"start": "00:09:18", "end": "00:09:22", "text": "and say, \"All right, maybe the bare"}, {"start": "00:09:20", "end": "00:09:24", "text": "market only lasts 9 months.\" And you"}, {"start": "00:09:22", "end": "00:09:25", "text": "could be right, right? But my guess is"}, {"start": "00:09:24", "end": "00:09:28", "text": "what's going to happen is Bitcoin will"}, {"start": "00:09:25", "end": "00:09:29", "text": "find a low in June, rally in July, and"}, {"start": "00:09:28", "end": "00:09:30", "text": "then people are going to be saying,"}, {"start": "00:09:29", "end": "00:09:33", "text": "well, it doesn't need to go for a full"}, {"start": "00:09:30", "end": "00:09:36", "text": "year because we didn't have a euphoric"}, {"start": "00:09:33", "end": "00:09:40", "text": "rally. That that is kind of what I see"}, {"start": "00:09:36", "end": "00:09:42", "text": "being the big the next big debate. The"}, {"start": "00:09:40", "end": "00:09:45", "text": "problem is that when it happened in"}, {"start": "00:09:42", "end": "00:09:48", "text": "2020, it was price-based capitulation."}, {"start": "00:09:45", "end": "00:09:52", "text": "So, I would be in that camp if Bitcoin"}, {"start": "00:09:48", "end": "00:09:55", "text": "had price-based capitulation. If all the"}, {"start": "00:09:52", "end": "00:09:57", "text": "onchain indicators reset, then I don't"}, {"start": "00:09:55", "end": "00:10:01", "text": "think it would make sense to stay"}, {"start": "00:09:57", "end": "00:10:01", "text": "bearish into Q4."}, {"start": "00:10:01", "end": "00:10:07", "text": "But"}, {"start": "00:10:02", "end": "00:10:09", "text": "I defer to timebased capitulation"}, {"start": "00:10:07", "end": "00:10:11", "text": "until that happens."}, {"start": "00:10:09", "end": "00:10:13", "text": "One thing that I I've sort of talked"}, {"start": "00:10:11", "end": "00:10:15", "text": "about a little bit in prior bare"}, {"start": "00:10:13", "end": "00:10:17", "text": "markets, and I'm not honestly I'm not"}, {"start": "00:10:15", "end": "00:10:20", "text": "really that sure if it's going to play"}, {"start": "00:10:17", "end": "00:10:24", "text": "out like that this time, but if you look"}, {"start": "00:10:20", "end": "00:10:26", "text": "at the volume of of Bitcoin, and I'll"}, {"start": "00:10:24", "end": "00:10:29", "text": "probably do a video on this uh at some"}, {"start": "00:10:26", "end": "00:10:31", "text": "point, if you look at the volume, a lot"}, {"start": "00:10:29", "end": "00:10:34", "text": "of times when Bitcoin bottoms, it's like"}, {"start": "00:10:31", "end": "00:10:37", "text": "the volume hits a wall, like it's kind"}, {"start": "00:10:34", "end": "00:10:39", "text": "of going up and it hits this big wall"}, {"start": "00:10:37", "end": "00:10:40", "text": "where a lot of volume comes comes in,"}, {"start": "00:10:39", "end": "00:10:42", "text": "people capitulate and then that marks"}, {"start": "00:10:40", "end": "00:10:45", "text": "the low. You can see that also happened"}, {"start": "00:10:42", "end": "00:10:47", "text": "in 2018, right? Volume was trending down"}, {"start": "00:10:45", "end": "00:10:50", "text": "and then you get a massive spike. And in"}, {"start": "00:10:47", "end": "00:10:53", "text": "2014, right, volume was trending down"}, {"start": "00:10:50", "end": "00:10:55", "text": "and then you get a massive spike."}, {"start": "00:10:53", "end": "00:10:57", "text": "Volume's trending down. That's not"}, {"start": "00:10:55", "end": "00:10:59", "text": "really that massive of a spike compared"}, {"start": "00:10:57", "end": "00:11:02", "text": "to the other ones. But the counterpoint"}, {"start": "00:10:59", "end": "00:11:06", "text": "is you have to have that uh in a"}, {"start": "00:11:02", "end": "00:11:09", "text": "postappathetic top bare market. And the"}, {"start": "00:11:06", "end": "00:11:11", "text": "only example we have is 2019. And we did"}, {"start": "00:11:09", "end": "00:11:14", "text": "get it and it occurred during the"}, {"start": "00:11:11", "end": "00:11:17", "text": "pandemic. So unfortunately, this is one"}, {"start": "00:11:14", "end": "00:11:19", "text": "of those things where if you want to try"}, {"start": "00:11:17", "end": "00:11:21", "text": "to be very smart about it, right, you"}, {"start": "00:11:19", "end": "00:11:23", "text": "could just be like, well, you know, like"}, {"start": "00:11:21", "end": "00:11:25", "text": "why do we have to have a pandemic style"}, {"start": "00:11:23", "end": "00:11:27", "text": "into the bare market? And I'm not saying"}, {"start": "00:11:25", "end": "00:11:29", "text": "that we do. But what I am saying is that"}, {"start": "00:11:27", "end": "00:11:32", "text": "literally every example of every bare"}, {"start": "00:11:29", "end": "00:11:34", "text": "market that Bitcoin has ever had, it it"}, {"start": "00:11:32", "end": "00:11:38", "text": "it hasn't actually ended until you get a"}, {"start": "00:11:34", "end": "00:11:41", "text": "big spike in volume. And so I'm going to"}, {"start": "00:11:38", "end": "00:11:45", "text": "keep following timebased capitulation,"}, {"start": "00:11:41", "end": "00:11:48", "text": "which would entail Bitcoin finding a low"}, {"start": "00:11:45", "end": "00:11:51", "text": "probably sometime later this year. It"}, {"start": "00:11:48", "end": "00:11:54", "text": "could be October would be my base case,"}, {"start": "00:11:51", "end": "00:11:56", "text": "but I it's not like it can't be plus or"}, {"start": "00:11:54", "end": "00:11:59", "text": "minus sometime around that. And I think"}, {"start": "00:11:56", "end": "00:12:01", "text": "as an investor, it makes sense to pivot"}, {"start": "00:11:59", "end": "00:12:04", "text": "if the market does something that you're"}, {"start": "00:12:01", "end": "00:12:07", "text": "not expecting. So, if the market were to"}, {"start": "00:12:04", "end": "00:12:10", "text": "absolutely nuke into June, let's say we"}, {"start": "00:12:07", "end": "00:12:13", "text": "get a big drop by Bitcoin and it goes"}, {"start": "00:12:10", "end": "00:12:15", "text": "down another $20,000, then I don't know"}, {"start": "00:12:13", "end": "00:12:17", "text": "that it would make sense to stay bearish"}, {"start": "00:12:15", "end": "00:12:22", "text": "into October. probably wouldn't. But if"}, {"start": "00:12:17", "end": "00:12:24", "text": "Bitcoin holds support at say 60K like it"}, {"start": "00:12:22", "end": "00:12:26", "text": "did back in 2018, just held support at"}, {"start": "00:12:24", "end": "00:12:28", "text": "6K. You had a low in February, you swept"}, {"start": "00:12:26", "end": "00:12:30", "text": "the low in June. This cycle the same"}, {"start": "00:12:28", "end": "00:12:33", "text": "thing. A low in February, you sweep the"}, {"start": "00:12:30", "end": "00:12:35", "text": "low in June. If that happens, I still"}, {"start": "00:12:33", "end": "00:12:38", "text": "have to be open-minded to a final drop"}, {"start": "00:12:35", "end": "00:12:40", "text": "in Q4 that comes on surging volume. And"}, {"start": "00:12:38", "end": "00:12:42", "text": "that would likely be accompanied by a"}, {"start": "00:12:40", "end": "00:12:44", "text": "drop in the stock market because the"}, {"start": "00:12:42", "end": "00:12:46", "text": "stock market often gets a drop in the"}, {"start": "00:12:44", "end": "00:12:48", "text": "second half of midterm years. If this"}, {"start": "00:12:46", "end": "00:12:50", "text": "plays out like the year-to- date ROI"}, {"start": "00:12:48", "end": "00:12:53", "text": "average, then what would essentially"}, {"start": "00:12:50", "end": "00:12:56", "text": "happen is Bitcoin might go a little"}, {"start": "00:12:53", "end": "00:12:58", "text": "lower in 2026, right? If you look at"}, {"start": "00:12:56", "end": "00:13:01", "text": "2026 and compare that to the average of"}, {"start": "00:12:58", "end": "00:13:04", "text": "prior midterm years, uh you can see"}, {"start": "00:13:01", "end": "00:13:05", "text": "that, you know, if Bitcoin were to go a"}, {"start": "00:13:04", "end": "00:13:06", "text": "little lower, let's say it goes a little"}, {"start": "00:13:05", "end": "00:13:08", "text": "lower around the time the Bankage Pen"}, {"start": "00:13:06", "end": "00:13:10", "text": "raises rates, which is coming up. If it"}, {"start": "00:13:08", "end": "00:13:13", "text": "were to go lower, that might make me"}, {"start": "00:13:10", "end": "00:13:14", "text": "question a little bit if the June low is"}, {"start": "00:13:13", "end": "00:13:16", "text": "in. But I would have to see if the"}, {"start": "00:13:14", "end": "00:13:19", "text": "onchain indicators reset. You know, if"}, {"start": "00:13:16", "end": "00:13:21", "text": "Bitcoin were to go to 54K, we would go"}, {"start": "00:13:19", "end": "00:13:23", "text": "below the realized price. We still would"}, {"start": "00:13:21", "end": "00:13:24", "text": "not be below the balance price. And I'm"}, {"start": "00:13:23", "end": "00:13:28", "text": "not yet [clears throat] sure if the"}, {"start": "00:13:24", "end": "00:13:31", "text": "MVRVZ score would be fully reset. But"}, {"start": "00:13:28", "end": "00:13:34", "text": "this is more of a timebased thing. Every"}, {"start": "00:13:31", "end": "00:13:36", "text": "time the supply of Bitcoin in profit and"}, {"start": "00:13:34", "end": "00:13:38", "text": "loss crossed"}, {"start": "00:13:36", "end": "00:13:40", "text": "the low in the market occurred within"}, {"start": "00:13:38", "end": "00:13:43", "text": "one to four months. So it crossed in"}, {"start": "00:13:40", "end": "00:13:46", "text": "June and last cycle it first crossed in"}, {"start": "00:13:43", "end": "00:13:48", "text": "June and the low came in November. The"}, {"start": "00:13:46", "end": "00:13:49", "text": "cycle before that it first crossed in"}, {"start": "00:13:48", "end": "00:13:52", "text": "November and the low came in December"}, {"start": "00:13:49", "end": "00:13:54", "text": "only one month later. In 2014 they"}, {"start": "00:13:52", "end": "00:13:56", "text": "crossed in September and then the low"}, {"start": "00:13:54", "end": "00:13:57", "text": "was in January. So October, November,"}, {"start": "00:13:56", "end": "00:14:00", "text": "December, January. So that was four"}, {"start": "00:13:57", "end": "00:14:03", "text": "months. And then in 2011 they crossed in"}, {"start": "00:14:00", "end": "00:14:05", "text": "September and then the low ended up"}, {"start": "00:14:03", "end": "00:14:07", "text": "being uh on the daily anyways that it"}, {"start": "00:14:05", "end": "00:14:12", "text": "ended up being in November. So a few"}, {"start": "00:14:07", "end": "00:14:14", "text": "months later. So timebased capitulation"}, {"start": "00:14:12", "end": "00:14:17", "text": "is more important. And that can go the"}, {"start": "00:14:14", "end": "00:14:21", "text": "other way too. If Bitcoin is holding 60K"}, {"start": "00:14:17", "end": "00:14:23", "text": "throughout all of Q4, then maybe that is"}, {"start": "00:14:21", "end": "00:14:24", "text": "the low. But I still would argue that"}, {"start": "00:14:23", "end": "00:14:26", "text": "you would have to go through that"}, {"start": "00:14:24", "end": "00:14:29", "text": "timebased thing. It'd basically be like"}, {"start": "00:14:26", "end": "00:14:32", "text": "2018. But instead of getting the final"}, {"start": "00:14:29", "end": "00:14:34", "text": "drop, we rally back up. But again, we"}, {"start": "00:14:32", "end": "00:14:36", "text": "can't say that right now because we just"}, {"start": "00:14:34", "end": "00:14:39", "text": "simply haven't gone through enough of"}, {"start": "00:14:36", "end": "00:14:42", "text": "the midterm year to justify making that"}, {"start": "00:14:39", "end": "00:14:44", "text": "proclamation because of where we are in"}, {"start": "00:14:42", "end": "00:14:45", "text": "the midterm year. We know that, you"}, {"start": "00:14:44", "end": "00:14:47", "text": "know, Bitcoin often finds lows in June."}, {"start": "00:14:45", "end": "00:14:50", "text": "It'll often rally kind of early in the"}, {"start": "00:14:47", "end": "00:14:52", "text": "summer and and then sort of come back"}, {"start": "00:14:50", "end": "00:14:54", "text": "down as we get into the end of the year."}, {"start": "00:14:52", "end": "00:14:56", "text": "And then that marks the timebased"}, {"start": "00:14:54", "end": "00:14:59", "text": "capitulation."}, {"start": "00:14:56", "end": "00:15:01", "text": "If I had waited for, you know, for"}, {"start": "00:14:59", "end": "00:15:04", "text": "Bitcoin"}, {"start": "00:15:01", "end": "00:15:06", "text": "risk to hit the euphoric levels at the"}, {"start": "00:15:04", "end": "00:15:07", "text": "end of last year, then I just simply"}, {"start": "00:15:06", "end": "00:15:11", "text": "would have completely missed the bare"}, {"start": "00:15:07", "end": "00:15:13", "text": "market. But I deferred to the timebased"}, {"start": "00:15:11", "end": "00:15:15", "text": "view of Bitcoin's bull markets because I"}, {"start": "00:15:13", "end": "00:15:18", "text": "think the timebased view can often be"}, {"start": "00:15:15", "end": "00:15:21", "text": "more powerful than the pricebased view."}, {"start": "00:15:18", "end": "00:15:23", "text": "But anytime you get a massive rally, you"}, {"start": "00:15:21", "end": "00:15:25", "text": "don't wait around. And I've always said"}, {"start": "00:15:23", "end": "00:15:30", "text": "this, never let a good bubble go to"}, {"start": "00:15:25", "end": "00:15:33", "text": "waste. In 2021, by the time Bitcoin hit"}, {"start": "00:15:30", "end": "00:15:36", "text": "58K, according to the risk metric, I had"}, {"start": "00:15:33", "end": "00:15:38", "text": "already sold 87% of my Bitcoin. Now, at"}, {"start": "00:15:36", "end": "00:15:40", "text": "the time, I felt like a complete idiot"}, {"start": "00:15:38", "end": "00:15:44", "text": "because, you know, Bitcoin went all the"}, {"start": "00:15:40", "end": "00:15:45", "text": "way up to 58K in February, right? It was"}, {"start": "00:15:44", "end": "00:15:49", "text": "like right here, like February, March"}, {"start": "00:15:45", "end": "00:15:51", "text": "time frame. I had sold 87%."}, {"start": "00:15:49", "end": "00:15:52", "text": "And then the market just continued to go"}, {"start": "00:15:51", "end": "00:15:55", "text": "up and everyone was screaming it was"}, {"start": "00:15:52", "end": "00:15:56", "text": "going to 300K. People were dunking on me"}, {"start": "00:15:55", "end": "00:16:00", "text": "left and right. And then later that"}, {"start": "00:15:56", "end": "00:16:01", "text": "summer, the market melted back down and"}, {"start": "00:16:00", "end": "00:16:03", "text": "not everything went back up to all-time"}, {"start": "00:16:01", "end": "00:16:07", "text": "highs. Some of the things did. Uh"}, {"start": "00:16:03", "end": "00:16:10", "text": "Bitcoin only barely sweeped it. So you"}, {"start": "00:16:07", "end": "00:16:13", "text": "have to consider that"}, {"start": "00:16:10", "end": "00:16:15", "text": "deferring to timebased views makes"}, {"start": "00:16:13", "end": "00:16:17", "text": "sense. meaning I'm going to sell"}, {"start": "00:16:15", "end": "00:16:19", "text": "Bitcoin, you know, in Q4, the post"}, {"start": "00:16:17", "end": "00:16:21", "text": "having years. And everyone always gives"}, {"start": "00:16:19", "end": "00:16:23", "text": "me a hard time about it, right? But then"}, {"start": "00:16:21", "end": "00:16:27", "text": "it I mean, it worked out. I don't I"}, {"start": "00:16:23", "end": "00:16:29", "text": "don't fault myself for for doing that"}, {"start": "00:16:27", "end": "00:16:30", "text": "because by having that money in other"}, {"start": "00:16:29", "end": "00:16:32", "text": "markets this year, it's done a lot"}, {"start": "00:16:30", "end": "00:16:34", "text": "better. And I get I know that a lot of"}, {"start": "00:16:32", "end": "00:16:36", "text": "people don't agree with that, but"}, {"start": "00:16:34", "end": "00:16:37", "text": "because they're like, well, you just buy"}, {"start": "00:16:36", "end": "00:16:39", "text": "buy good assets and hold it forever. And"}, {"start": "00:16:37", "end": "00:16:41", "text": "that's what I do for most of my"}, {"start": "00:16:39", "end": "00:16:42", "text": "portfolio. Like I buy index funds and I"}, {"start": "00:16:41", "end": "00:16:44", "text": "don't sell them. I buy stocks and I"}, {"start": "00:16:42", "end": "00:16:45", "text": "don't sell them. I buy like a lot of"}, {"start": "00:16:44", "end": "00:16:49", "text": "precious metals and I tend to not sell"}, {"start": "00:16:45", "end": "00:16:51", "text": "them that often. But with crypto,"}, {"start": "00:16:49", "end": "00:16:54", "text": "there's this cadence that has existed"}, {"start": "00:16:51", "end": "00:16:58", "text": "for so long and I don't really like"}, {"start": "00:16:54", "end": "00:17:00", "text": "sitting down through 70 to 80% drops in"}, {"start": "00:16:58", "end": "00:17:02", "text": "the market. Like I just I don't like"}, {"start": "00:17:00", "end": "00:17:04", "text": "dealing with that. And I do still have"}, {"start": "00:17:02", "end": "00:17:06", "text": "some Bitcoin. And I think it actually"}, {"start": "00:17:04", "end": "00:17:09", "text": "makes sense to start accumulating here"}, {"start": "00:17:06", "end": "00:17:10", "text": "as as we put in the June low. But"}, {"start": "00:17:09", "end": "00:17:11", "text": "there's a reason why. I mean, I've I've"}, {"start": "00:17:10", "end": "00:17:13", "text": "gone through enough of these bare"}, {"start": "00:17:11", "end": "00:17:15", "text": "markets to be like, you know what? I'd"}, {"start": "00:17:13", "end": "00:17:17", "text": "rather I'd rather sit out and avoid some"}, {"start": "00:17:15", "end": "00:17:18", "text": "of these losses if I can. The biggest"}, {"start": "00:17:17", "end": "00:17:21", "text": "mistake people make, though, is they"}, {"start": "00:17:18", "end": "00:17:22", "text": "sell and then never buy back. And I'm"}, {"start": "00:17:21", "end": "00:17:24", "text": "saying usually the time to start getting"}, {"start": "00:17:22", "end": "00:17:26", "text": "back into the market for Bitcoin is"}, {"start": "00:17:24", "end": "00:17:28", "text": "right after that June low, then"}, {"start": "00:17:26", "end": "00:17:30", "text": "accumulation uh through the end of the"}, {"start": "00:17:28", "end": "00:17:33", "text": "midterm year, even as price goes lower,"}, {"start": "00:17:30", "end": "00:17:36", "text": "often works out the best. Don't be the"}, {"start": "00:17:33", "end": "00:17:37", "text": "guy that sold late last year and then"}, {"start": "00:17:36", "end": "00:17:39", "text": "you never buy back and then you're like"}, {"start": "00:17:37", "end": "00:17:40", "text": "sitting here like wondering thinking you"}, {"start": "00:17:39", "end": "00:17:42", "text": "just would have been better off had you"}, {"start": "00:17:40", "end": "00:17:43", "text": "not sold. Yeah, if you're never going to"}, {"start": "00:17:42", "end": "00:17:45", "text": "buy back, you would have been better off"}, {"start": "00:17:43", "end": "00:17:48", "text": "had you not sold. So there's that"}, {"start": "00:17:45", "end": "00:17:51", "text": "consideration to make as well. So I do"}, {"start": "00:17:48", "end": "00:17:53", "text": "believe that timebased capitulation is"}, {"start": "00:17:51", "end": "00:17:56", "text": "the more important thing right now, not"}, {"start": "00:17:53", "end": "00:17:58", "text": "price-based. But if we were to get"}, {"start": "00:17:56", "end": "00:18:00", "text": "price-based capitulation, then it would"}, {"start": "00:17:58", "end": "00:18:02", "text": "make it would make sense to pivot and"}, {"start": "00:18:00", "end": "00:18:05", "text": "say, you know what, timebased"}, {"start": "00:18:02", "end": "00:18:08", "text": "capitulation is good. But if the if all"}, {"start": "00:18:05", "end": "00:18:11", "text": "the onchain indicators reset, I wouldn't"}, {"start": "00:18:08", "end": "00:18:14", "text": "stay bearish any longer. So that's the"}, {"start": "00:18:11", "end": "00:18:16", "text": "video for today. Timebased capitulation"}, {"start": "00:18:14", "end": "00:18:17", "text": "versus pricebased capitulation."}, {"start": "00:18:16", "end": "00:18:19", "text": "Hopefully this makes some sense. If you"}, {"start": "00:18:17", "end": "00:18:20", "text": "guys like the content, make sure you"}, {"start": "00:18:19", "end": "00:18:21", "text": "subscribe to the channel, give the video"}, {"start": "00:18:20", "end": "00:18:24", "text": "a thumbs up, and again, check out the"}, {"start": "00:18:21", "end": "00:18:26", "text": "sale on into the cryptoverse premium at"}, {"start": "00:18:24", "end": "00:18:28", "text": "into the cryptoverse.com."}, {"start": "00:18:26", "end": "00:18:30", "text": "Also, we are going to be throwing the"}, {"start": "00:18:28", "end": "00:18:33", "text": "first ITC conference later this year,"}, {"start": "00:18:30", "end": "00:18:35", "text": "uh, probably in November. And if you are"}, {"start": "00:18:33", "end": "00:18:37", "text": "interested in that, I will put a link"}, {"start": "00:18:35", "end": "00:18:39", "text": "down in the description below. You can"}, {"start": "00:18:37", "end": "00:18:41", "text": "go uh, put in your email. It's right"}, {"start": "00:18:39", "end": "00:18:43", "text": "here, the Benjamin website conference"}, {"start": "00:18:41", "end": "00:18:45", "text": "tab. Put in your email if you want to"}, {"start": "00:18:43", "end": "00:18:47", "text": "get updates about it as we as we receive"}, {"start": "00:18:45", "end": "00:18:49", "text": "them. Thank you guys for tuning in and"}, {"start": "00:18:47", "end": "00:18:49", "text": "I'll see you next time."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Hey everyone and thanks for jumping back"}, {"start": "00:00:02", "end": "00:00:07", "text": "into the cryptoverse."}, {"start": "00:00:04", "end": "00:00:09", "text": "Today we're going to talk about Bitcoin"}, {"start": "00:00:07", "end": "00:00:12", "text": "and we're going to be discussing"}, {"start": "00:00:09", "end": "00:00:16", "text": "something I've talked about six years"}, {"start": "00:00:12", "end": "00:00:20", "text": "ago which is dynamic DCA and it is what"}, {"start": "00:00:16", "end": "00:00:22", "text": "I use to navigate buying and selling"}, {"start": "00:00:20", "end": "00:00:24", "text": "Bitcoin. If you guys like the content,"}, {"start": "00:00:22", "end": "00:00:26", "text": "make sure you subscribe to the channel."}, {"start": "00:00:24", "end": "00:00:27", "text": "Give the video a thumbs up and also"}, {"start": "00:00:26", "end": "00:00:30", "text": "check out the sale on Into the"}, {"start": "00:00:27", "end": "00:00:32", "text": "Cryptoverse Premium at into the"}, {"start": "00:00:30", "end": "00:00:35", "text": "cryptoverse.com."}, {"start": "00:00:32", "end": "00:00:37", "text": "Let's go ahead and jump in. So, there's"}, {"start": "00:00:35", "end": "00:00:40", "text": "two separate things that we have to make"}, {"start": "00:00:37", "end": "00:00:44", "text": "sure that everyone understands. There is"}, {"start": "00:00:40", "end": "00:00:46", "text": "a difference between being right and"}, {"start": "00:00:44", "end": "00:00:49", "text": "making money."}, {"start": "00:00:46", "end": "00:00:51", "text": "That might sound crazy, but there is a"}, {"start": "00:00:49", "end": "00:00:53", "text": "huge difference between the two. And the"}, {"start": "00:00:51", "end": "00:00:55", "text": "longer you are in the markets, the more"}, {"start": "00:00:53", "end": "00:00:58", "text": "you will realize that for yourself."}, {"start": "00:00:55", "end": "00:01:00", "text": "Right now, there's always a lot of"}, {"start": "00:00:58", "end": "00:01:03", "text": "discussion as to where Bitcoin will"}, {"start": "00:01:00", "end": "00:01:05", "text": "bottom out in terms of price. But at the"}, {"start": "00:01:03", "end": "00:01:07", "text": "end of the day, in a few years, none of"}, {"start": "00:01:05", "end": "00:01:11", "text": "that's really going to matter. The point"}, {"start": "00:01:07", "end": "00:01:15", "text": "is is who took action and who did not,"}, {"start": "00:01:11", "end": "00:01:18", "text": "not who got it right. And I want to be"}, {"start": "00:01:15", "end": "00:01:21", "text": "clear that one of the biggest mistakes"}, {"start": "00:01:18", "end": "00:01:23", "text": "that investors make is they spend a lot"}, {"start": "00:01:21", "end": "00:01:26", "text": "of time overanalyzing stuff and trying"}, {"start": "00:01:23", "end": "00:01:29", "text": "to time the exact bottom when most of"}, {"start": "00:01:26", "end": "00:01:31", "text": "the money is not made trying to time the"}, {"start": "00:01:29", "end": "00:01:33", "text": "exact bottom. The majority of money of"}, {"start": "00:01:31", "end": "00:01:36", "text": "that is made is usually just in the"}, {"start": "00:01:33", "end": "00:01:38", "text": "middle of trends when you just trade the"}, {"start": "00:01:36", "end": "00:01:39", "text": "trend that you have in front of you. So"}, {"start": "00:01:38", "end": "00:01:41", "text": "what I want to do in this video is"}, {"start": "00:01:39", "end": "00:01:45", "text": "provide an update to a video that I put"}, {"start": "00:01:41", "end": "00:01:47", "text": "out six years ago. Six years ago, we"}, {"start": "00:01:45", "end": "00:01:50", "text": "actually had very similar market"}, {"start": "00:01:47", "end": "00:01:54", "text": "conditions to what we have today. I know"}, {"start": "00:01:50", "end": "00:01:57", "text": "that might sound crazy, but it is. I"}, {"start": "00:01:54", "end": "00:02:01", "text": "have compared this post apathetic top"}, {"start": "00:01:57", "end": "00:02:04", "text": "digestion phase to 2019 a number of"}, {"start": "00:02:01", "end": "00:02:06", "text": "times and I stand by that assessment"}, {"start": "00:02:04", "end": "00:02:07", "text": "because Bitcoin topped on apathy and not"}, {"start": "00:02:06", "end": "00:02:09", "text": "euphoria. There was no rotation into"}, {"start": "00:02:07", "end": "00:02:11", "text": "altcoins. Bitcoin topped two months"}, {"start": "00:02:09", "end": "00:02:13", "text": "before quantitative tightening. In both"}, {"start": "00:02:11", "end": "00:02:15", "text": "cases, the Fed cut interest rates three"}, {"start": "00:02:13", "end": "00:02:17", "text": "times in 2019 just like they did in"}, {"start": "00:02:15", "end": "00:02:20", "text": "2025."}, {"start": "00:02:17", "end": "00:02:24", "text": "It's all very similar. So, because of"}, {"start": "00:02:20", "end": "00:02:26", "text": "that, let's revisit"}, {"start": "00:02:24", "end": "00:02:30", "text": "what was a successful strategy back"}, {"start": "00:02:26", "end": "00:02:33", "text": "then, right? And it starts with this"}, {"start": "00:02:30", "end": "00:02:36", "text": "risk metric. This risk metric was"}, {"start": "00:02:33", "end": "00:02:39", "text": "developed five or six years ago. I think"}, {"start": "00:02:36", "end": "00:02:41", "text": "six years ago. the earliest video I"}, {"start": "00:02:39", "end": "00:02:42", "text": "could find on it without digging too"}, {"start": "00:02:41", "end": "00:02:44", "text": "hard. I mean there might be one slightly"}, {"start": "00:02:42", "end": "00:02:47", "text": "before this one. It was called Bitcoin"}, {"start": "00:02:44", "end": "00:02:48", "text": "risk analysis using machine learning. I"}, {"start": "00:02:47", "end": "00:02:50", "text": "put this one out six years ago. As you"}, {"start": "00:02:48", "end": "00:02:54", "text": "can see the time stamp on the video was"}, {"start": "00:02:50", "end": "00:03:00", "text": "six years ago and I went through the"}, {"start": "00:02:54", "end": "00:03:02", "text": "strategy of how I bought Bitcoin, right?"}, {"start": "00:03:00", "end": "00:03:03", "text": "I went through that strategy and I went"}, {"start": "00:03:02", "end": "00:03:06", "text": "through the strategy of how I sold"}, {"start": "00:03:03", "end": "00:03:09", "text": "Bitcoin. I don't do it exactly how I how"}, {"start": "00:03:06", "end": "00:03:12", "text": "I said it back then now. Uh but I still"}, {"start": "00:03:09", "end": "00:03:14", "text": "operate in a very similar fashion."}, {"start": "00:03:12", "end": "00:03:15", "text": "So let's talk about this chart. Before"}, {"start": "00:03:14", "end": "00:03:16", "text": "we talk about the chart, let me just get"}, {"start": "00:03:15", "end": "00:03:19", "text": "you guys to understand what we're"}, {"start": "00:03:16", "end": "00:03:21", "text": "looking at. This chart right here is the"}, {"start": "00:03:19", "end": "00:03:22", "text": "same thing as the one you see way back"}, {"start": "00:03:21", "end": "00:03:24", "text": "over here. It's the same exact thing."}, {"start": "00:03:22", "end": "00:03:26", "text": "All right."}, {"start": "00:03:24", "end": "00:03:28", "text": "When you look at this chart, you'll"}, {"start": "00:03:26", "end": "00:03:31", "text": "notice that there's the blue line, which"}, {"start": "00:03:28", "end": "00:03:34", "text": "is the price of Bitcoin, and the orange"}, {"start": "00:03:31", "end": "00:03:36", "text": "line, which is the risk. And the risk in"}, {"start": "00:03:34", "end": "00:03:39", "text": "this case is developed based on the"}, {"start": "00:03:36", "end": "00:03:41", "text": "Bitcoin price alone accounting for"}, {"start": "00:03:39", "end": "00:03:45", "text": "diminishing returns from one cycle to"}, {"start": "00:03:41", "end": "00:03:49", "text": "another. The point is is that there is"}, {"start": "00:03:45", "end": "00:03:53", "text": "no guarantee that every rally is a"}, {"start": "00:03:49", "end": "00:03:57", "text": "euphoric one. We saw that in 2019. We"}, {"start": "00:03:53", "end": "00:04:00", "text": "also saw that in 2025. So what I said"}, {"start": "00:03:57", "end": "00:04:02", "text": "back then was because we can't know that"}, {"start": "00:04:00", "end": "00:04:05", "text": "every rally is a euphoric one. One thing"}, {"start": "00:04:02", "end": "00:04:09", "text": "that you could do is when you get above"}, {"start": "00:04:05", "end": "00:04:13", "text": "the 0.5 risk level between say 0.5 and 6"}, {"start": "00:04:09", "end": "00:04:16", "text": "risk what I said I did back then was I"}, {"start": "00:04:13", "end": "00:04:17", "text": "would sell why."}, {"start": "00:04:16", "end": "00:04:20", "text": "What does that mean? What does it mean"}, {"start": "00:04:17", "end": "00:04:22", "text": "why? Well, what I said what I said was"}, {"start": "00:04:20", "end": "00:04:24", "text": "that if you take your entire Bitcoin"}, {"start": "00:04:22", "end": "00:04:27", "text": "position"}, {"start": "00:04:24", "end": "00:04:31", "text": "and divide it into 15s,"}, {"start": "00:04:27", "end": "00:04:37", "text": "what I said was that I would sell"}, {"start": "00:04:31", "end": "00:04:42", "text": "115th between.5 and 6, two 15s between 6"}, {"start": "00:04:37", "end": "00:04:46", "text": "and 7, 31 15 between 7 and 08, 4 between"}, {"start": "00:04:42", "end": "00:04:50", "text": "08 and 0.9, and 51 15 or 1/3 of my"}, {"start": "00:04:46", "end": "00:04:52", "text": "Bitcoin between 0.9 9 and1 risk. That"}, {"start": "00:04:50", "end": "00:04:54", "text": "was the idea."}, {"start": "00:04:52", "end": "00:04:59", "text": "And I bought Bitcoin in the opposite"}, {"start": "00:04:54", "end": "00:05:02", "text": "fashion. Let's say I wanted to DCA in a"}, {"start": "00:04:59", "end": "00:05:06", "text": "certain amount of US dollars into"}, {"start": "00:05:02", "end": "00:05:08", "text": "Bitcoin each month. Okay? Let's say it"}, {"start": "00:05:06", "end": "00:05:11", "text": "was $100. Let's say I want to put $100"}, {"start": "00:05:08", "end": "00:05:14", "text": "into Bitcoin every week, but I want to"}, {"start": "00:05:11", "end": "00:05:16", "text": "increase that if times get tough in"}, {"start": "00:05:14", "end": "00:05:18", "text": "terms of the market, right? like if if"}, {"start": "00:05:16", "end": "00:05:21", "text": "markets go down, I want to increase that"}, {"start": "00:05:18", "end": "00:05:25", "text": "if possible. So what I talked about was"}, {"start": "00:05:21", "end": "00:05:28", "text": "that if Bitcoin goes to between 04 to.5"}, {"start": "00:05:25", "end": "00:05:31", "text": "risk, I would buy say $100 worth of"}, {"start": "00:05:28", "end": "00:05:35", "text": "Bitcoin that time that I DCA maybe. So"}, {"start": "00:05:31", "end": "00:05:38", "text": "that month, $100 worth of Bitcoin. And"}, {"start": "00:05:35", "end": "00:05:39", "text": "if we went down to.3 to point4 risk and"}, {"start": "00:05:38", "end": "00:05:41", "text": "it came down for me to buy and it came"}, {"start": "00:05:39", "end": "00:05:44", "text": "time for me to buy Bitcoin again, I"}, {"start": "00:05:41", "end": "00:05:46", "text": "would then buy $200 worth of Bitcoin."}, {"start": "00:05:44", "end": "00:05:48", "text": "And then when it went down to 0 2 to.3,"}, {"start": "00:05:46", "end": "00:05:51", "text": "I would buy 300. And if it went down to"}, {"start": "00:05:48", "end": "00:05:53", "text": "0.1 to 0, I'd buy $400 worth. And if it"}, {"start": "00:05:51", "end": "00:05:56", "text": "went all the way down, that's where I"}, {"start": "00:05:53", "end": "00:05:58", "text": "would I would put in $500. The hard part"}, {"start": "00:05:56", "end": "00:06:00", "text": "about it is it requires a lot of"}, {"start": "00:05:58", "end": "00:06:02", "text": "discipline and a lot of patience because"}, {"start": "00:06:00", "end": "00:06:04", "text": "a lot of people just want to throw"}, {"start": "00:06:02", "end": "00:06:05", "text": "everything they have at the market and"}, {"start": "00:06:04", "end": "00:06:08", "text": "usually they want to do that at the end"}, {"start": "00:06:05", "end": "00:06:11", "text": "of post having years. But the reality is"}, {"start": "00:06:08", "end": "00:06:14", "text": "that if you just started DCAing when the"}, {"start": "00:06:11", "end": "00:06:16", "text": "markets got lower, then you could make a"}, {"start": "00:06:14", "end": "00:06:18", "text": "decent amount of money. At least that's"}, {"start": "00:06:16", "end": "00:06:21", "text": "what happened back then. It didn't"}, {"start": "00:06:18", "end": "00:06:24", "text": "matter if you timed it perfectly. As"}, {"start": "00:06:21", "end": "00:06:27", "text": "long as you DCAD for a year or two, you"}, {"start": "00:06:24", "end": "00:06:28", "text": "could then enjoy the spoils of the bull"}, {"start": "00:06:27", "end": "00:06:32", "text": "market. That was the argument I made"}, {"start": "00:06:28", "end": "00:06:34", "text": "back then. and and I I spent a lot of"}, {"start": "00:06:32", "end": "00:06:38", "text": "time convincing people why it didn't"}, {"start": "00:06:34", "end": "00:06:38", "text": "matter timing the bottom."}, {"start": "00:06:39", "end": "00:06:43", "text": "I then talked about the video again,"}, {"start": "00:06:40", "end": "00:06:44", "text": "this idea with another video that was"}, {"start": "00:06:43", "end": "00:06:46", "text": "also put out six years ago, risk"}, {"start": "00:06:44", "end": "00:06:50", "text": "management with buying and selling and"}, {"start": "00:06:46", "end": "00:06:52", "text": "talking about how one of the most"}, {"start": "00:06:50", "end": "00:06:54", "text": "one of the easiest strategies was just"}, {"start": "00:06:52", "end": "00:06:57", "text": "buying Bitcoin anytime it goes below 0.2"}, {"start": "00:06:54", "end": "00:07:01", "text": "risk, dcaing Bitcoin anytime it goes"}, {"start": "00:06:57", "end": "00:07:04", "text": "below 0.2 to risk and"}, {"start": "00:07:01", "end": "00:07:07", "text": "stop over complicating it. All right. So"}, {"start": "00:07:04", "end": "00:07:09", "text": "these charts that you see here are what"}, {"start": "00:07:07", "end": "00:07:11", "text": "we essentially have today. Right? So"}, {"start": "00:07:09", "end": "00:07:13", "text": "back then we were sort of playing around"}, {"start": "00:07:11", "end": "00:07:15", "text": "with different different things. Uh but"}, {"start": "00:07:13", "end": "00:07:21", "text": "the model you know sort of the model"}, {"start": "00:07:15", "end": "00:07:24", "text": "that we have um looks like this. Okay."}, {"start": "00:07:21", "end": "00:07:28", "text": "And or sorry this is yeah this is the"}, {"start": "00:07:24", "end": "00:07:30", "text": "one right now. The Bitcoin risk is"}, {"start": "00:07:28", "end": "00:07:32", "text": "according to that model that we"}, {"start": "00:07:30", "end": "00:07:34", "text": "published you know according to this"}, {"start": "00:07:32", "end": "00:07:39", "text": "model right here that was published back"}, {"start": "00:07:34", "end": "00:07:42", "text": "in you know 2019 2020 time frame"}, {"start": "00:07:39", "end": "00:07:47", "text": "the current risk is 0 296 that's where"}, {"start": "00:07:42", "end": "00:07:51", "text": "the current risk is so if you wanted to"}, {"start": "00:07:47", "end": "00:07:53", "text": "let's say DCA Bitcoin and in these days"}, {"start": "00:07:51", "end": "00:07:56", "text": "I'm more riskaverse I don't I don't DCA"}, {"start": "00:07:53", "end": "00:07:59", "text": "Bitcoin below 0.5 risk uh so what I did"}, {"start": "00:07:56", "end": "00:08:02", "text": "right. What I did was uh two cycles ago"}, {"start": "00:07:59", "end": "00:08:06", "text": "when I made that video I DCA below 0.5"}, {"start": "00:08:02", "end": "00:08:08", "text": "and then last cycle I DCA below point4"}, {"start": "00:08:06", "end": "00:08:11", "text": "and then this cycle I think it makes the"}, {"start": "00:08:08", "end": "00:08:13", "text": "most amount of sense for me to DCA"}, {"start": "00:08:11", "end": "00:08:16", "text": "below.3."}, {"start": "00:08:13", "end": "00:08:19", "text": "Okay. And we're we're just below uh.3"}, {"start": "00:08:16", "end": "00:08:20", "text": "risk right now. Right. We're at 0 296."}, {"start": "00:08:19", "end": "00:08:23", "text": "And with things like the supply the the"}, {"start": "00:08:20", "end": "00:08:25", "text": "supply of profit and loss for Bitcoin"}, {"start": "00:08:23", "end": "00:08:27", "text": "crossing, we must be aware that the"}, {"start": "00:08:25", "end": "00:08:30", "text": "market cycle bottom historically comes"}, {"start": "00:08:27", "end": "00:08:32", "text": "within the next 1 to four months, right?"}, {"start": "00:08:30", "end": "00:08:34", "text": "It is not my objective to time the"}, {"start": "00:08:32", "end": "00:08:36", "text": "bottom."}, {"start": "00:08:34", "end": "00:08:38", "text": "The post I put out talking about that"}, {"start": "00:08:36", "end": "00:08:39", "text": "stuff is more of an academic exercise"}, {"start": "00:08:38", "end": "00:08:42", "text": "because there's a difference between"}, {"start": "00:08:39", "end": "00:08:46", "text": "being right and making money. There is."}, {"start": "00:08:42", "end": "00:08:48", "text": "And that is a lesson you will learn if"}, {"start": "00:08:46", "end": "00:08:50", "text": "you're in the markets long enough. There"}, {"start": "00:08:48", "end": "00:08:54", "text": "is a difference between being right and"}, {"start": "00:08:50", "end": "00:08:59", "text": "making money. And so my argument is"}, {"start": "00:08:54", "end": "00:09:01", "text": "this. For me, let's say as an example"}, {"start": "00:08:59", "end": "00:09:04", "text": "that I want to put in"}, {"start": "00:09:01", "end": "00:09:07", "text": "X amount of month, but in this case, I'm"}, {"start": "00:09:04", "end": "00:09:10", "text": "splitting it up into six. So like I"}, {"start": "00:09:07", "end": "00:09:14", "text": "would put in let's say my weekly DCA or"}, {"start": "00:09:10", "end": "00:09:15", "text": "let's call it my monthly DCA is $100,"}, {"start": "00:09:14", "end": "00:09:18", "text": "right? All right, let's say I put $100"}, {"start": "00:09:15", "end": "00:09:20", "text": "into the market in June because we're"}, {"start": "00:09:18", "end": "00:09:23", "text": "between 02 and.3 and this cycle I want"}, {"start": "00:09:20", "end": "00:09:28", "text": "to DCA below.3 risk. Okay, so let's say"}, {"start": "00:09:23", "end": "00:09:31", "text": "I put $100 in. And next month, let's say"}, {"start": "00:09:28", "end": "00:09:34", "text": "Bitcoin is still between.3 and point4"}, {"start": "00:09:31", "end": "00:09:38", "text": "risk. I'd put $100 in again. But let's"}, {"start": "00:09:34", "end": "00:09:42", "text": "say that come September, we drop down to"}, {"start": "00:09:38", "end": "00:09:45", "text": "between 0.1 and 2 risk. then I would put"}, {"start": "00:09:42", "end": "00:09:48", "text": "in $200. And if we go all the way down"}, {"start": "00:09:45", "end": "00:09:52", "text": "to the lows 0 to 0.1, then I would put"}, {"start": "00:09:48", "end": "00:09:53", "text": "in $300 that month. So that by doing"}, {"start": "00:09:52", "end": "00:09:57", "text": "that,"}, {"start": "00:09:53", "end": "00:09:59", "text": "I've weighted my buys at lower prices."}, {"start": "00:09:57", "end": "00:10:01", "text": "That doesn't mean it's a bad idea to buy"}, {"start": "00:09:59", "end": "00:10:02", "text": "Bitcoin at.3 risk, right? Like if you"}, {"start": "00:10:01", "end": "00:10:04", "text": "give it enough time, you're going to"}, {"start": "00:10:02", "end": "00:10:05", "text": "look back and realize that, hey, like"}, {"start": "00:10:04", "end": "00:10:08", "text": "that probably was actually a pretty good"}, {"start": "00:10:05", "end": "00:10:10", "text": "price, even if it didn't feel like it at"}, {"start": "00:10:08", "end": "00:10:14", "text": "the time, right? Like when when we were"}, {"start": "00:10:10", "end": "00:10:15", "text": "at.3 risk in 2018 and we went down,"}, {"start": "00:10:14", "end": "00:10:18", "text": "yeah, it felt pretty bad at the time"}, {"start": "00:10:15", "end": "00:10:20", "text": "buying Bitcoin at 6K when it fell to 3K,"}, {"start": "00:10:18", "end": "00:10:23", "text": "but then a few months later, it just"}, {"start": "00:10:20", "end": "00:10:26", "text": "didn't matter. In 2022, did it feel bad"}, {"start": "00:10:23", "end": "00:10:29", "text": "buying Bitcoin at 40K or 38K when then"}, {"start": "00:10:26", "end": "00:10:31", "text": "it fell down to 20K or 15K? Yeah. But"}, {"start": "00:10:29", "end": "00:10:34", "text": "then a few months later, it just didn't"}, {"start": "00:10:31", "end": "00:10:38", "text": "matter. And in 2014 when Bitcoin fell"}, {"start": "00:10:34", "end": "00:10:42", "text": "down to $4500, did it feel bad when it"}, {"start": "00:10:38", "end": "00:10:43", "text": "crashed to less than 200? Absolutely."}, {"start": "00:10:42", "end": "00:10:45", "text": "But, you know, a few months later, it"}, {"start": "00:10:43", "end": "00:10:47", "text": "just didn't really matter anymore. And"}, {"start": "00:10:45", "end": "00:10:50", "text": "and predicting the exact low was kind of"}, {"start": "00:10:47", "end": "00:10:54", "text": "irrelevant, right?"}, {"start": "00:10:50", "end": "00:10:56", "text": "Dynamic DCA, I think, is the way to go."}, {"start": "00:10:54", "end": "00:10:58", "text": "That way, when you're trending in a bull"}, {"start": "00:10:56", "end": "00:11:00", "text": "market, right? Okay, when you're"}, {"start": "00:10:58", "end": "00:11:03", "text": "trending in a bull market and the risk"}, {"start": "00:11:00", "end": "00:11:05", "text": "level is say between like 3.4 because it"}, {"start": "00:11:03", "end": "00:11:08", "text": "can stay there a really long period of"}, {"start": "00:11:05", "end": "00:11:10", "text": "time, you can still, you know, put money"}, {"start": "00:11:08", "end": "00:11:12", "text": "into the market if you're if you're sort"}, {"start": "00:11:10", "end": "00:11:14", "text": "of wanting to buy up to that risk level,"}, {"start": "00:11:12", "end": "00:11:15", "text": "but a smaller amount, maybe a smaller"}, {"start": "00:11:14", "end": "00:11:17", "text": "amount than what you would have during"}, {"start": "00:11:15", "end": "00:11:20", "text": "the market cycle bottom. That way you're"}, {"start": "00:11:17", "end": "00:11:22", "text": "still DCAing, but you know that your"}, {"start": "00:11:20", "end": "00:11:25", "text": "cost basis is going to remain relatively"}, {"start": "00:11:22", "end": "00:11:27", "text": "low because you put a lot more in at the"}, {"start": "00:11:25", "end": "00:11:30", "text": "actual when we actually have these big"}, {"start": "00:11:27", "end": "00:11:32", "text": "drops. I've talked about October being"}, {"start": "00:11:30", "end": "00:11:34", "text": "the most likely time frame for a low for"}, {"start": "00:11:32", "end": "00:11:36", "text": "Bitcoin for a while. But again, the"}, {"start": "00:11:34", "end": "00:11:39", "text": "reality is is no one knows when the lows"}, {"start": "00:11:36", "end": "00:11:42", "text": "actually going to occur. And my point is"}, {"start": "00:11:39", "end": "00:11:44", "text": "it doesn't matter. What matters is when"}, {"start": "00:11:42", "end": "00:11:47", "text": "we go to low risk levels, do you"}, {"start": "00:11:44", "end": "00:11:51", "text": "capitalize on it or do you freeze and"}, {"start": "00:11:47", "end": "00:11:56", "text": "don't know what to do? So,"}, {"start": "00:11:51", "end": "00:11:58", "text": "one thing I realized back then as well"}, {"start": "00:11:56", "end": "00:12:00", "text": "that was a mistake. And by the way, I"}, {"start": "00:11:58", "end": "00:12:03", "text": "created this because I was sort of doing"}, {"start": "00:12:00", "end": "00:12:07", "text": "something similar to it in the 2016 2017"}, {"start": "00:12:03", "end": "00:12:09", "text": "bull run. Um, but not not really in a in"}, {"start": "00:12:07", "end": "00:12:11", "text": "a concrete mathematical sense. It was"}, {"start": "00:12:09", "end": "00:12:13", "text": "more of like how I felt like all right"}, {"start": "00:12:11", "end": "00:12:14", "text": "it feels like the prices are low or it"}, {"start": "00:12:13", "end": "00:12:17", "text": "feels like the prices are high and that"}, {"start": "00:12:14", "end": "00:12:20", "text": "doesn't work out as well as if you just"}, {"start": "00:12:17", "end": "00:12:23", "text": "follow a rigorous mathematical model"}, {"start": "00:12:20", "end": "00:12:25", "text": "that says hey this is what this is what"}, {"start": "00:12:23", "end": "00:12:28", "text": "where Bitcoin is currently based on"}, {"start": "00:12:25", "end": "00:12:30", "text": "historical data and based on this this"}, {"start": "00:12:28", "end": "00:12:33", "text": "is what I want to put into the market"}, {"start": "00:12:30", "end": "00:12:36", "text": "and so what I find is during times like"}, {"start": "00:12:33", "end": "00:12:38", "text": "now the summer of midterm years this is"}, {"start": "00:12:36", "end": "00:12:40", "text": "the best time to really develop these"}, {"start": "00:12:38", "end": "00:12:42", "text": "strategies Because when the market is"}, {"start": "00:12:40", "end": "00:12:45", "text": "really boring, not really doing a whole"}, {"start": "00:12:42", "end": "00:12:47", "text": "lot, you can think clearly. When the"}, {"start": "00:12:45", "end": "00:12:49", "text": "market is shooting upwards in the future"}, {"start": "00:12:47", "end": "00:12:51", "text": "and it's euphoric, you can't think"}, {"start": "00:12:49", "end": "00:12:53", "text": "clearly. Or if the market is dropping a"}, {"start": "00:12:51", "end": "00:12:57", "text": "lot, you can't really think clearly. So"}, {"start": "00:12:53", "end": "00:12:59", "text": "what you have to do to be successful in"}, {"start": "00:12:57", "end": "00:13:03", "text": "my opinion is to come up with a strategy"}, {"start": "00:12:59", "end": "00:13:05", "text": "now so that you're not you're not later"}, {"start": "00:13:03", "end": "00:13:08", "text": "on you're not scrambling to figure out"}, {"start": "00:13:05", "end": "00:13:09", "text": "what to do. And that's the point. And I"}, {"start": "00:13:08", "end": "00:13:12", "text": "told you guys at the at the end of last"}, {"start": "00:13:09", "end": "00:13:14", "text": "year, just ignore Bitcoin for the first"}, {"start": "00:13:12", "end": "00:13:15", "text": "half of the midterm year. Just ignore it"}, {"start": "00:13:14", "end": "00:13:18", "text": "because all the counter trend rallies"}, {"start": "00:13:15", "end": "00:13:21", "text": "are going to get sold off. But now that"}, {"start": "00:13:18", "end": "00:13:25", "text": "we're approaching the back half of the"}, {"start": "00:13:21", "end": "00:13:28", "text": "midterm year, you could argue that the"}, {"start": "00:13:25", "end": "00:13:31", "text": "accumulation phase is is is starting."}, {"start": "00:13:28", "end": "00:13:34", "text": "Okay? And oftentimes what I've did what"}, {"start": "00:13:31", "end": "00:13:36", "text": "I did in both 2018 and in 2022 is I"}, {"start": "00:13:34", "end": "00:13:39", "text": "started accumulating Bitcoin after the"}, {"start": "00:13:36", "end": "00:13:43", "text": "June low. Right? So after the June low"}, {"start": "00:13:39", "end": "00:13:45", "text": "is when I bought and I just DCA. In 2018"}, {"start": "00:13:43", "end": "00:13:47", "text": "I bought Bitcoin and I like an like an"}, {"start": "00:13:45", "end": "00:13:50", "text": "idiot. I also bought a lot of altcoins"}, {"start": "00:13:47", "end": "00:13:52", "text": "and the Fed bailed me out on those"}, {"start": "00:13:50", "end": "00:13:54", "text": "altcoins."}, {"start": "00:13:52", "end": "00:13:55", "text": "Thank you to our my friends at the Fed"}, {"start": "00:13:54", "end": "00:13:57", "text": "and and you know what's a few trillion"}, {"start": "00:13:55", "end": "00:13:59", "text": "dollars among friends? But they bailed"}, {"start": "00:13:57", "end": "00:14:02", "text": "me out, right? They bailed out my dumb"}, {"start": "00:13:59", "end": "00:14:04", "text": "decisions. And what happened is that"}, {"start": "00:14:02", "end": "00:14:06", "text": "when the bull market came back, Bitcoin"}, {"start": "00:14:04", "end": "00:14:08", "text": "led the euphoric rally and Bitcoin"}, {"start": "00:14:06", "end": "00:14:09", "text": "dominance went to new all-time highs."}, {"start": "00:14:08", "end": "00:14:11", "text": "And the altcoins I bought, for the most"}, {"start": "00:14:09", "end": "00:14:12", "text": "part, with the exception of like one of"}, {"start": "00:14:11", "end": "00:14:16", "text": "them, for the most part, they all bled"}, {"start": "00:14:12", "end": "00:14:19", "text": "to Bitcoin until that euphoric rally."}, {"start": "00:14:16", "end": "00:14:23", "text": "In 2022, I started buying Bitcoin after"}, {"start": "00:14:19", "end": "00:14:26", "text": "the June low. So, in this cycle, I look"}, {"start": "00:14:23", "end": "00:14:28", "text": "back at 2018 and 2022 and I say, you"}, {"start": "00:14:26", "end": "00:14:29", "text": "know what, it worked out. then I can't"}, {"start": "00:14:28", "end": "00:14:33", "text": "guarantee that it's going to work out"}, {"start": "00:14:29", "end": "00:14:38", "text": "again. But if it's not broke, why fix"}, {"start": "00:14:33", "end": "00:14:40", "text": "it, right? So my strategy"}, {"start": "00:14:38", "end": "00:14:43", "text": "in this case, uh I was even wearing a"}, {"start": "00:14:40", "end": "00:14:47", "text": "college shirt in that in that in that"}, {"start": "00:14:43", "end": "00:14:50", "text": "back in that time. Um but in in the"}, {"start": "00:14:47", "end": "00:14:55", "text": "current cycle"}, {"start": "00:14:50", "end": "00:14:59", "text": "what I say is what about the idea of"}, {"start": "00:14:55", "end": "00:15:00", "text": "just simply DCAing Bitcoin below.3 risk."}, {"start": "00:14:59", "end": "00:15:02", "text": "Now that doesn't mean that's what you"}, {"start": "00:15:00", "end": "00:15:04", "text": "have to do. I think for a lot of people"}, {"start": "00:15:02", "end": "00:15:08", "text": "it would make sense to DCA below point4"}, {"start": "00:15:04", "end": "00:15:11", "text": "risk or.5 risk. But as time goes on I'm"}, {"start": "00:15:08", "end": "00:15:13", "text": "less interested in like you know top"}, {"start": "00:15:11", "end": "00:15:16", "text": "blasting higher prices. I'd rather just"}, {"start": "00:15:13", "end": "00:15:17", "text": "put what I want into the market, a lot"}, {"start": "00:15:16", "end": "00:15:19", "text": "of what I want into the market near the"}, {"start": "00:15:17", "end": "00:15:22", "text": "end of the midterm year and the early"}, {"start": "00:15:19", "end": "00:15:23", "text": "part of the pre-h having year and and"}, {"start": "00:15:22", "end": "00:15:26", "text": "then just let it rock and roll, you"}, {"start": "00:15:23", "end": "00:15:28", "text": "know, and and and and not chase it as as"}, {"start": "00:15:26", "end": "00:15:30", "text": "the rally continues. What's difficult is"}, {"start": "00:15:28", "end": "00:15:32", "text": "inevitably if we do get a bull market,"}, {"start": "00:15:30", "end": "00:15:34", "text": "people will then come in the bull market"}, {"start": "00:15:32", "end": "00:15:35", "text": "to the channel and be like, \"All right,"}, {"start": "00:15:34", "end": "00:15:37", "text": "should I buy Bitcoin?\" I'm like, \"Well,"}, {"start": "00:15:35", "end": "00:15:38", "text": "I bought it in the midterm year or in"}, {"start": "00:15:37", "end": "00:15:40", "text": "the early phases of the post the pre-h"}, {"start": "00:15:38", "end": "00:15:41", "text": "having year. You can buy it if you want"}, {"start": "00:15:40", "end": "00:15:43", "text": "to, but I'm not buying it.\" And then"}, {"start": "00:15:41", "end": "00:15:44", "text": "what'll happen is then a lot of people"}, {"start": "00:15:43", "end": "00:15:46", "text": "will then dunk on me because they'll be"}, {"start": "00:15:44", "end": "00:15:47", "text": "like, \"Oh, well, Ben's not buying it."}, {"start": "00:15:46", "end": "00:15:49", "text": "He's bearish.\" But in reality, the time"}, {"start": "00:15:47", "end": "00:15:53", "text": "to buy it was in the midterm year or in"}, {"start": "00:15:49", "end": "00:15:56", "text": "the pre-h having year. Okay, so that is"}, {"start": "00:15:53", "end": "00:15:58", "text": "the simplest strategy, right? Is it"}, {"start": "00:15:56", "end": "00:15:59", "text": "really a bad thing? Like, think about"}, {"start": "00:15:58", "end": "00:16:02", "text": "it. Think about the guys that just"}, {"start": "00:15:59", "end": "00:16:04", "text": "bought Bitcoin anytime it capitulated"}, {"start": "00:16:02", "end": "00:16:06", "text": "below 0.2 risk,"}, {"start": "00:16:04", "end": "00:16:09", "text": "you know, and and just lump summed time."}, {"start": "00:16:06", "end": "00:16:11", "text": "Like, was that a bad strategy?"}, {"start": "00:16:09", "end": "00:16:13", "text": "No. But you would go years in between"}, {"start": "00:16:11", "end": "00:16:15", "text": "without buying anything. But as long as"}, {"start": "00:16:13", "end": "00:16:17", "text": "you can do that and not feel like you're"}, {"start": "00:16:15", "end": "00:16:20", "text": "missing out, then who cares, right? Like"}, {"start": "00:16:17", "end": "00:16:23", "text": "it's not a bad strategy. The issue is if"}, {"start": "00:16:20", "end": "00:16:25", "text": "you only sell at 0.9 risk,"}, {"start": "00:16:23", "end": "00:16:29", "text": "there will be bull markets like 2019 and"}, {"start": "00:16:25", "end": "00:16:31", "text": "like 2025 where you don't go to the"}, {"start": "00:16:29", "end": "00:16:34", "text": "euphoric areas because monetary policy"}, {"start": "00:16:31", "end": "00:16:36", "text": "kind of allows Bitcoin to top out on"}, {"start": "00:16:34", "end": "00:16:37", "text": "apathy rather than euphoria and there's"}, {"start": "00:16:36", "end": "00:16:39", "text": "just not retail investors coming back"}, {"start": "00:16:37", "end": "00:16:41", "text": "into the space. So we've seen that we"}, {"start": "00:16:39", "end": "00:16:44", "text": "saw that happen in 2019 and in 2025. We"}, {"start": "00:16:41", "end": "00:16:48", "text": "have two great examples of it. If you"}, {"start": "00:16:44", "end": "00:16:50", "text": "look at, you know, similar types of risk"}, {"start": "00:16:48", "end": "00:16:53", "text": "metrics colorcoded,"}, {"start": "00:16:50", "end": "00:16:55", "text": "look at this price colorcoded by the"}, {"start": "00:16:53", "end": "00:16:57", "text": "risk."}, {"start": "00:16:55", "end": "00:16:59", "text": "This shows you that this whole bull"}, {"start": "00:16:57", "end": "00:17:02", "text": "market was similar to the 2019 one where"}, {"start": "00:16:59", "end": "00:17:04", "text": "it topped on apathy and then it came"}, {"start": "00:17:02", "end": "00:17:06", "text": "back down and then after this"}, {"start": "00:17:04", "end": "00:17:09", "text": "postappathetic top digestion phase we"}, {"start": "00:17:06", "end": "00:17:11", "text": "then had a euphoric rally. So I think"}, {"start": "00:17:09", "end": "00:17:13", "text": "we're kind of somewhere in this in this"}, {"start": "00:17:11", "end": "00:17:16", "text": "range over here and it just happens to"}, {"start": "00:17:13", "end": "00:17:19", "text": "be that the postappathetic top digestion"}, {"start": "00:17:16", "end": "00:17:21", "text": "phase in 2019 just happens to line up"}, {"start": "00:17:19", "end": "00:17:24", "text": "with the midterm year. So, the four-year"}, {"start": "00:17:21", "end": "00:17:27", "text": "cycle wins again."}, {"start": "00:17:24", "end": "00:17:29", "text": "Is it a coincidence? I don't know. I"}, {"start": "00:17:27", "end": "00:17:30", "text": "don't really care, right? It just it"}, {"start": "00:17:29", "end": "00:17:32", "text": "wins again."}, {"start": "00:17:30", "end": "00:17:34", "text": "So,"}, {"start": "00:17:32", "end": "00:17:37", "text": "when I look at this chart, I say, \"All"}, {"start": "00:17:34", "end": "00:17:41", "text": "right, how much time does Bitcoin spend"}, {"start": "00:17:37", "end": "00:17:42", "text": "in these wristbands?\" How much time?"}, {"start": "00:17:41", "end": "00:17:46", "text": "Bitcoin spends the most amount of its"}, {"start": "00:17:42", "end": "00:17:48", "text": "time in the 3 to point 4 wristband."}, {"start": "00:17:46", "end": "00:17:51", "text": "Remember, right now we're in the 0 2"}, {"start": "00:17:48", "end": "00:17:54", "text": "to.3 wristband."}, {"start": "00:17:51", "end": "00:17:57", "text": "Out of all of Bitcoin's history, Bitcoin"}, {"start": "00:17:54", "end": "00:18:00", "text": "has spent only about 14.73%"}, {"start": "00:17:57", "end": "00:18:04", "text": "of its time in the current wristband. It"}, {"start": "00:18:00", "end": "00:18:07", "text": "has spent 12.5% of its time between 0.1"}, {"start": "00:18:04", "end": "00:18:09", "text": "and 0.2 risk. And it has only spent"}, {"start": "00:18:07", "end": "00:18:14", "text": "2.34%"}, {"start": "00:18:09", "end": "00:18:16", "text": "of its time between zero and 0.1 risk."}, {"start": "00:18:14", "end": "00:18:20", "text": "Out of all the days that Bitcoin has"}, {"start": "00:18:16", "end": "00:18:25", "text": "been around, it has only spent 135 days"}, {"start": "00:18:20", "end": "00:18:28", "text": "in the lowest risk band. Only 135 days."}, {"start": "00:18:25", "end": "00:18:31", "text": "So, what does that mean? It means that"}, {"start": "00:18:28", "end": "00:18:34", "text": "when you do get drops to those levels,"}, {"start": "00:18:31", "end": "00:18:35", "text": "they tend to come and go and people"}, {"start": "00:18:34", "end": "00:18:37", "text": "don't buy them. And there's again,"}, {"start": "00:18:35", "end": "00:18:39", "text": "there's no guarantee you go down there."}, {"start": "00:18:37", "end": "00:18:41", "text": "We did go down there in 2018. We went"}, {"start": "00:18:39", "end": "00:18:42", "text": "down there on an intraday wick in 2020."}, {"start": "00:18:41", "end": "00:18:45", "text": "It didn't happen on the daily close, but"}, {"start": "00:18:42", "end": "00:18:48", "text": "it did happen on the intraday wick. Um I"}, {"start": "00:18:45", "end": "00:18:50", "text": "believe um maybe not actually. Maybe we"}, {"start": "00:18:48", "end": "00:18:52", "text": "got really really close. We got really"}, {"start": "00:18:50", "end": "00:18:54", "text": "close to it. It was like 0.13.12"}, {"start": "00:18:52", "end": "00:18:57", "text": "risk or something like that. We got"}, {"start": "00:18:54", "end": "00:18:58", "text": "really close. There's no guarantee you"}, {"start": "00:18:57", "end": "00:19:02", "text": "go down to 0.1 risk, right? Like the"}, {"start": "00:18:58", "end": "00:19:06", "text": "last time we did was 2018. But my point"}, {"start": "00:19:02", "end": "00:19:08", "text": "is this. If we were to go down there,"}, {"start": "00:19:06", "end": "00:19:10", "text": "would you actually buy or would you get"}, {"start": "00:19:08", "end": "00:19:12", "text": "scared and not buy because you're"}, {"start": "00:19:10", "end": "00:19:14", "text": "worried about something else happening?"}, {"start": "00:19:12", "end": "00:19:19", "text": "I would be a bigger buyer at those"}, {"start": "00:19:14", "end": "00:19:23", "text": "levels. So, I think dynamic DCA beats"}, {"start": "00:19:19", "end": "00:19:25", "text": "out DCA if you have patience, right? If"}, {"start": "00:19:23", "end": "00:19:27", "text": "you have long-term patience, if you know"}, {"start": "00:19:25", "end": "00:19:30", "text": "yourself and you know that you can't"}, {"start": "00:19:27", "end": "00:19:32", "text": "just put in a $100 or whatever your ex"}, {"start": "00:19:30", "end": "00:19:34", "text": "is, right? Right? If it's $100 a month"}, {"start": "00:19:32", "end": "00:19:36", "text": "or $1,000 a month or 10,000, whatever it"}, {"start": "00:19:34", "end": "00:19:38", "text": "is, if you know that you're just burning"}, {"start": "00:19:36", "end": "00:19:39", "text": "a that money's burning a hole in your"}, {"start": "00:19:38", "end": "00:19:41", "text": "pocket and you just got to get in the"}, {"start": "00:19:39", "end": "00:19:44", "text": "market, then DCA might be better for you"}, {"start": "00:19:41", "end": "00:19:47", "text": "than dynamic DCA. But if you can kind of"}, {"start": "00:19:44", "end": "00:19:50", "text": "sit on a small cash position through the"}, {"start": "00:19:47", "end": "00:19:52", "text": "midterm year while slowly DCAing in,"}, {"start": "00:19:50", "end": "00:19:55", "text": "then I find that dynamic DCA actually"}, {"start": "00:19:52", "end": "00:19:56", "text": "ends up working a lot better. Let me"}, {"start": "00:19:55", "end": "00:19:58", "text": "give you an example. All right, let me"}, {"start": "00:19:56", "end": "00:20:02", "text": "give you an example."}, {"start": "00:19:58", "end": "00:20:04", "text": "This is a Bitcoin DCA simulation tool."}, {"start": "00:20:02", "end": "00:20:06", "text": "If you want access to this tool, go to"}, {"start": "00:20:04", "end": "00:20:10", "text": "into the cryptoverse.com"}, {"start": "00:20:06", "end": "00:20:15", "text": "and sign up for the free tier."}, {"start": "00:20:10", "end": "00:20:17", "text": "This DCA tool is is free for DCAing"}, {"start": "00:20:15", "end": "00:20:18", "text": "equal amounts. If you want to do the"}, {"start": "00:20:17", "end": "00:20:20", "text": "dynamic DCA, I don't know if that's on"}, {"start": "00:20:18", "end": "00:20:23", "text": "the free tier or not, but if you want to"}, {"start": "00:20:20", "end": "00:20:25", "text": "just DCA equal amounts,"}, {"start": "00:20:23", "end": "00:20:26", "text": "you can go look, you can go play around"}, {"start": "00:20:25", "end": "00:20:27", "text": "with this stuff, right? Okay? And you"}, {"start": "00:20:26", "end": "00:20:29", "text": "can look at a lot of different assets."}, {"start": "00:20:27", "end": "00:20:35", "text": "You can see how it would have performed."}, {"start": "00:20:29", "end": "00:20:38", "text": "Let's say you bought $30.30"}, {"start": "00:20:35", "end": "00:20:42", "text": "worth of Bitcoin every week and you"}, {"start": "00:20:38", "end": "00:20:45", "text": "bought it every Monday starting in 2014."}, {"start": "00:20:42", "end": "00:20:49", "text": "How that have worked out and through"}, {"start": "00:20:45", "end": "00:20:52", "text": "today, you would have purchased $18,31"}, {"start": "00:20:49", "end": "00:20:54", "text": "worth of Bitcoin. Over that time, you"}, {"start": "00:20:52", "end": "00:20:56", "text": "would have accumulated 11.2 Bitcoin. And"}, {"start": "00:20:54", "end": "00:20:58", "text": "today your portfolio value would be"}, {"start": "00:20:56", "end": "00:21:01", "text": "about $75,000."}, {"start": "00:20:58", "end": "00:21:04", "text": "Right? All you did was you bought"}, {"start": "00:21:01", "end": "00:21:07", "text": "Bitcoin every Monday"}, {"start": "00:21:04", "end": "00:21:09", "text": "and you put in $30."}, {"start": "00:21:07", "end": "00:21:11", "text": "Why Monday?"}, {"start": "00:21:09", "end": "00:21:15", "text": "We're going to get to this chart later."}, {"start": "00:21:11", "end": "00:21:17", "text": "Why Monday? It's a good question."}, {"start": "00:21:15", "end": "00:21:18", "text": "We have this chart on the website as"}, {"start": "00:21:17", "end": "00:21:20", "text": "well that shows you the best day to DCA"}, {"start": "00:21:18", "end": "00:21:21", "text": "various assets, right? So, you can"}, {"start": "00:21:20", "end": "00:21:22", "text": "actually come in here and change the"}, {"start": "00:21:21", "end": "00:21:24", "text": "asset to a lot of different"}, {"start": "00:21:22", "end": "00:21:26", "text": "cryptocurrencies and stocks and"}, {"start": "00:21:24", "end": "00:21:29", "text": "commodities and indices and and forex"}, {"start": "00:21:26", "end": "00:21:33", "text": "and all that stuff. Historically, the"}, {"start": "00:21:29", "end": "00:21:35", "text": "best day to buy Bitcoin is on Monday."}, {"start": "00:21:33", "end": "00:21:38", "text": "Historically."}, {"start": "00:21:35", "end": "00:21:39", "text": "Why is that? Well, Bitcoin generally"}, {"start": "00:21:38", "end": "00:21:42", "text": "trends up with time. And usually buying"}, {"start": "00:21:39", "end": "00:21:44", "text": "earlier in the week is is the best time"}, {"start": "00:21:42", "end": "00:21:46", "text": "to buy. The same thing is true for the"}, {"start": "00:21:44", "end": "00:21:49", "text": "stock market. If you were to flip this"}, {"start": "00:21:46", "end": "00:21:50", "text": "over to the stock market, the S&P 500"}, {"start": "00:21:49", "end": "00:21:53", "text": "and again looking at data for a long"}, {"start": "00:21:50", "end": "00:21:55", "text": "time, the best day to DCA by far is"}, {"start": "00:21:53", "end": "00:21:57", "text": "Monday. The y-axis here shows you the"}, {"start": "00:21:55", "end": "00:22:00", "text": "average extension from the 7-day simple"}, {"start": "00:21:57", "end": "00:22:02", "text": "moving average. So on Monday, it's not"}, {"start": "00:22:00", "end": "00:22:04", "text": "as extended as it is every other day of"}, {"start": "00:22:02", "end": "00:22:07", "text": "the week, which is why Monday is the"}, {"start": "00:22:04", "end": "00:22:09", "text": "best day to to buy"}, {"start": "00:22:07", "end": "00:22:11", "text": "for Bitcoin."}, {"start": "00:22:09", "end": "00:22:14", "text": "really it's like like Sunday night,"}, {"start": "00:22:11", "end": "00:22:15", "text": "Monday morning often has better returns"}, {"start": "00:22:14", "end": "00:22:19", "text": "than if you bought every say like"}, {"start": "00:22:15", "end": "00:22:22", "text": "Wednesday or something. Um, and we could"}, {"start": "00:22:19", "end": "00:22:24", "text": "even test that, right? Like I mean, why"}, {"start": "00:22:22", "end": "00:22:26", "text": "why just blow smoke and and talk about"}, {"start": "00:22:24", "end": "00:22:28", "text": "it hypothetically? Look at this. Okay,"}, {"start": "00:22:26", "end": "00:22:31", "text": "if you bought every Monday, you've"}, {"start": "00:22:28", "end": "00:22:33", "text": "invested 18.3K over the last 12 years,"}, {"start": "00:22:31", "end": "00:22:34", "text": "your valuation of your portfolio is now"}, {"start": "00:22:33", "end": "00:22:37", "text": "705,000."}, {"start": "00:22:34", "end": "00:22:39", "text": "if you did it every Wednesday,"}, {"start": "00:22:37", "end": "00:22:40", "text": "690,000."}, {"start": "00:22:39", "end": "00:22:42", "text": "So it it it would have made a"}, {"start": "00:22:40", "end": "00:22:44", "text": "difference, right? About a $15,000"}, {"start": "00:22:42", "end": "00:22:46", "text": "difference. And and so it would have"}, {"start": "00:22:44", "end": "00:22:47", "text": "made a difference if you you know, if"}, {"start": "00:22:46", "end": "00:22:50", "text": "you did it if you DCA on Wednesday"}, {"start": "00:22:47", "end": "00:22:52", "text": "instead of of Monday. But what we're"}, {"start": "00:22:50", "end": "00:22:54", "text": "going to do now is we're going to say,"}, {"start": "00:22:52", "end": "00:22:57", "text": "all right, that's an equal weight DCA."}, {"start": "00:22:54", "end": "00:23:00", "text": "You're putting in $30 a week no matter"}, {"start": "00:22:57", "end": "00:23:04", "text": "what. Now"}, {"start": "00:23:00", "end": "00:23:06", "text": "again, total invested 18.3K."}, {"start": "00:23:04", "end": "00:23:08", "text": "Now, dynamic DCA"}, {"start": "00:23:06", "end": "00:23:10", "text": "in this case, you have to change your X"}, {"start": "00:23:08", "end": "00:23:12", "text": "amount because it's it's dynamic. It"}, {"start": "00:23:10", "end": "00:23:14", "text": "changes. You're some weeks you're"}, {"start": "00:23:12", "end": "00:23:18", "text": "putting in 30, but you might you might"}, {"start": "00:23:14", "end": "00:23:22", "text": "put in 61 or or 90. You might put in"}, {"start": "00:23:18", "end": "00:23:23", "text": "more other weeks if you if you see it,"}, {"start": "00:23:22", "end": "00:23:28", "text": "you know, go further down the risk"}, {"start": "00:23:23", "end": "00:23:31", "text": "levels. Now, if you do that,"}, {"start": "00:23:28", "end": "00:23:32", "text": "we have to change our X to 100. And you"}, {"start": "00:23:31", "end": "00:23:35", "text": "can see you're putting in the same"}, {"start": "00:23:32", "end": "00:23:36", "text": "amount, $18.3,000."}, {"start": "00:23:35", "end": "00:23:38", "text": "Why is it the same amount? Why is it the"}, {"start": "00:23:36", "end": "00:23:40", "text": "same amount if you're putting in more"}, {"start": "00:23:38", "end": "00:23:42", "text": "per week and even putting in $300 if it"}, {"start": "00:23:40", "end": "00:23:44", "text": "goes all the way down to the lows in the"}, {"start": "00:23:42", "end": "00:23:46", "text": "risk measure? The reason why is because"}, {"start": "00:23:44", "end": "00:23:49", "text": "we have it set, you're only accumulating"}, {"start": "00:23:46", "end": "00:23:51", "text": "up to.3 risk. Meaning anytime it goes"}, {"start": "00:23:49", "end": "00:23:55", "text": "above that, I'm not buying Bitcoin at"}, {"start": "00:23:51", "end": "00:23:57", "text": "all. So the D the equal weight DCA,"}, {"start": "00:23:55", "end": "00:24:00", "text": "you're putting in $30 a week no matter"}, {"start": "00:23:57", "end": "00:24:02", "text": "what. Right? in in Bitcoin could be, you"}, {"start": "00:24:00", "end": "00:24:04", "text": "know, you're everyone could be talking"}, {"start": "00:24:02", "end": "00:24:05", "text": "about Bitcoin. The taxi driver is asking"}, {"start": "00:24:04", "end": "00:24:07", "text": "you about it. You go get a haircut,"}, {"start": "00:24:05", "end": "00:24:08", "text": "they're asking you about it. Everyone's"}, {"start": "00:24:07", "end": "00:24:10", "text": "talking about it. Your grandmother's"}, {"start": "00:24:08", "end": "00:24:13", "text": "calling you up asking you what Bitcoin"}, {"start": "00:24:10", "end": "00:24:16", "text": "is and you're still buying no matter"}, {"start": "00:24:13", "end": "00:24:17", "text": "what. That's why your weekly DCA has to"}, {"start": "00:24:16", "end": "00:24:19", "text": "be lower in order to put in the same"}, {"start": "00:24:17", "end": "00:24:22", "text": "amount of money because you're always"}, {"start": "00:24:19", "end": "00:24:23", "text": "putting it in. If you're not always"}, {"start": "00:24:22", "end": "00:24:25", "text": "putting it in the market and you're just"}, {"start": "00:24:23", "end": "00:24:28", "text": "simply buying when we're at a low risk"}, {"start": "00:24:25", "end": "00:24:30", "text": "level, then your DCA goes up, right? So,"}, {"start": "00:24:28", "end": "00:24:32", "text": "you accumulate cash position the end of"}, {"start": "00:24:30", "end": "00:24:34", "text": "the post having year. You then start to"}, {"start": "00:24:32", "end": "00:24:36", "text": "deploy that at the end of the midterm"}, {"start": "00:24:34", "end": "00:24:39", "text": "year or at least sort of the second half"}, {"start": "00:24:36", "end": "00:24:41", "text": "of the midterm year after the June low."}, {"start": "00:24:39", "end": "00:24:44", "text": "If you do that, your X amount can be"}, {"start": "00:24:41", "end": "00:24:45", "text": "higher and you're still accumulating."}, {"start": "00:24:44", "end": "00:24:47", "text": "You're still spending the same amount"}, {"start": "00:24:45", "end": "00:24:50", "text": "since 2014, but instead of your"}, {"start": "00:24:47", "end": "00:24:55", "text": "portfolio being worth $700,000"}, {"start": "00:24:50", "end": "00:24:57", "text": "is now worth almost $2.1 million."}, {"start": "00:24:55", "end": "00:24:59", "text": "That's the difference. That's the"}, {"start": "00:24:57", "end": "00:25:01", "text": "difference if you have the patience to"}, {"start": "00:24:59", "end": "00:25:03", "text": "dynamic DCA."}, {"start": "00:25:01", "end": "00:25:05", "text": "Again, a lot of people don't have that"}, {"start": "00:25:03", "end": "00:25:07", "text": "patience. And I, you know, like I"}, {"start": "00:25:05", "end": "00:25:08", "text": "there's been times in my life when I"}, {"start": "00:25:07", "end": "00:25:10", "text": "wouldn't have had that patience. Like"}, {"start": "00:25:08", "end": "00:25:12", "text": "when I was in my 20s, I certainly"}, {"start": "00:25:10", "end": "00:25:15", "text": "wouldn't have had that patience. I did"}, {"start": "00:25:12", "end": "00:25:17", "text": "not create this risk metric until six"}, {"start": "00:25:15", "end": "00:25:20", "text": "years ago. And six years ago, I was 30"}, {"start": "00:25:17", "end": "00:25:22", "text": "years old. So, it it took until my late"}, {"start": "00:25:20", "end": "00:25:26", "text": "20s to even have this concept, to sort"}, {"start": "00:25:22", "end": "00:25:28", "text": "of think about it in the 2016, 2017 bull"}, {"start": "00:25:26", "end": "00:25:30", "text": "market. I didn't talk about it publicly"}, {"start": "00:25:28", "end": "00:25:33", "text": "until I was 30 years old. If I was 20"}, {"start": "00:25:30", "end": "00:25:34", "text": "years old, 21, 22, 23, I'd have been top"}, {"start": "00:25:33", "end": "00:25:36", "text": "blasting the highs and buying every"}, {"start": "00:25:34", "end": "00:25:38", "text": "altcoin you could name. I'm very"}, {"start": "00:25:36", "end": "00:25:41", "text": "fortunate that I did not have a YouTube"}, {"start": "00:25:38", "end": "00:25:43", "text": "channel when I was 22 because if I had I"}, {"start": "00:25:41", "end": "00:25:44", "text": "I fear that my reputation might be a"}, {"start": "00:25:43", "end": "00:25:47", "text": "little bit different to be completely"}, {"start": "00:25:44", "end": "00:25:51", "text": "honest. But we grow up, right? We"}, {"start": "00:25:47", "end": "00:25:54", "text": "mature. We we adjust the way we invest"}, {"start": "00:25:51", "end": "00:25:58", "text": "and you know the best day to buy Bitcoin"}, {"start": "00:25:54", "end": "00:26:00", "text": "historically is Monday. If you look at"}, {"start": "00:25:58", "end": "00:26:02", "text": "the dynamic DCA, you can see the"}, {"start": "00:26:00", "end": "00:26:05", "text": "benefits that it has. But the only way"}, {"start": "00:26:02", "end": "00:26:07", "text": "you can use it is if you're not top"}, {"start": "00:26:05", "end": "00:26:09", "text": "blasting the highs at the end of post"}, {"start": "00:26:07", "end": "00:26:10", "text": "having years calling for a super cycle,"}, {"start": "00:26:09", "end": "00:26:12", "text": "right? If you're calling for a super"}, {"start": "00:26:10", "end": "00:26:14", "text": "cycle and you're just putting all your"}, {"start": "00:26:12", "end": "00:26:14", "text": "money in the market, well then how are"}, {"start": "00:26:14", "end": "00:26:16", "text": "you going to put your money in the"}, {"start": "00:26:14", "end": "00:26:18", "text": "market when the market actually goes"}, {"start": "00:26:16", "end": "00:26:20", "text": "down? And this is the issue that a lot"}, {"start": "00:26:18", "end": "00:26:22", "text": "of I I see a lot of influencers have on"}, {"start": "00:26:20", "end": "00:26:24", "text": "on Twitter and YouTube is they're always"}, {"start": "00:26:22", "end": "00:26:27", "text": "bullish, right? They're always telling"}, {"start": "00:26:24", "end": "00:26:28", "text": "you the market's going to go up. And"}, {"start": "00:26:27", "end": "00:26:30", "text": "look, there's nothing wrong with being a"}, {"start": "00:26:28", "end": "00:26:32", "text": "permab bull as long as you recognize"}, {"start": "00:26:30", "end": "00:26:34", "text": "that you're a cheerleader. But the"}, {"start": "00:26:32", "end": "00:26:38", "text": "problem is that if you tell people"}, {"start": "00:26:34", "end": "00:26:39", "text": "Bitcoin's going to 300K in 2025 and 2026"}, {"start": "00:26:38", "end": "00:26:42", "text": "and then the market drops and you're"}, {"start": "00:26:39", "end": "00:26:44", "text": "like, \"Oh, well, I'm buying more.\" With"}, {"start": "00:26:42", "end": "00:26:46", "text": "what? Right? Like with what? If you"}, {"start": "00:26:44", "end": "00:26:49", "text": "truly thought it was going to 300K, you"}, {"start": "00:26:46", "end": "00:26:52", "text": "know, how do you have that much cash"}, {"start": "00:26:49", "end": "00:26:54", "text": "just sitting around ready to buy more?"}, {"start": "00:26:52", "end": "00:26:56", "text": "So the argument is that for some people"}, {"start": "00:26:54", "end": "00:26:58", "text": "that might work if they're bringing in a"}, {"start": "00:26:56", "end": "00:27:00", "text": "lot of money if they have a really high"}, {"start": "00:26:58", "end": "00:27:01", "text": "income stream. But for a lot of people"}, {"start": "00:27:00", "end": "00:27:03", "text": "they don't have that luxury. You know,"}, {"start": "00:27:01", "end": "00:27:05", "text": "if you if you convince them that Bitcoin"}, {"start": "00:27:03", "end": "00:27:07", "text": "is going to go to a million dollars in 5"}, {"start": "00:27:05", "end": "00:27:09", "text": "years, why would they wait around for"}, {"start": "00:27:07", "end": "00:27:11", "text": "the for the midterm year to play out?"}, {"start": "00:27:09", "end": "00:27:13", "text": "They just want to get in now, you know,"}, {"start": "00:27:11", "end": "00:27:16", "text": "or get in at the highs. They would top"}, {"start": "00:27:13", "end": "00:27:18", "text": "blasting 120K because everyone told them"}, {"start": "00:27:16", "end": "00:27:22", "text": "it was going to 200. So when the market"}, {"start": "00:27:18", "end": "00:27:25", "text": "drops to 60 like it did in February and"}, {"start": "00:27:22", "end": "00:27:28", "text": "then bounced back to 83, everyone on"}, {"start": "00:27:25", "end": "00:27:30", "text": "Twitter was dunking on me."}, {"start": "00:27:28", "end": "00:27:33", "text": "But most of them were bullish at 120,"}, {"start": "00:27:30", "end": "00:27:36", "text": "you know? So I'm like, look, what did"}, {"start": "00:27:33", "end": "00:27:38", "text": "you even buy with when it went to 60K if"}, {"start": "00:27:36", "end": "00:27:42", "text": "you were if you were permable posting at"}, {"start": "00:27:38", "end": "00:27:44", "text": "120? So if you can have the discipline"}, {"start": "00:27:42", "end": "00:27:46", "text": "to not top blast the highs at the end of"}, {"start": "00:27:44", "end": "00:27:48", "text": "the post having year and to start"}, {"start": "00:27:46", "end": "00:27:50", "text": "getting a cash position to then deploy"}, {"start": "00:27:48", "end": "00:27:53", "text": "in the second half of the midterm year"}, {"start": "00:27:50", "end": "00:27:55", "text": "then you can employ the dynamic DCA"}, {"start": "00:27:53", "end": "00:27:57", "text": "strategy which I think has a lot of"}, {"start": "00:27:55", "end": "00:27:59", "text": "benefits"}, {"start": "00:27:57", "end": "00:28:04", "text": "and the beauty of it"}, {"start": "00:27:59", "end": "00:28:07", "text": "is that it doesn't matter if you have a"}, {"start": "00:28:04", "end": "00:28:09", "text": "different risk tolerance than me. Maybe"}, {"start": "00:28:07", "end": "00:28:12", "text": "you decide, you know what, Ben's too too"}, {"start": "00:28:09", "end": "00:28:15", "text": "riskaverse. To hell with DCA up to point"}, {"start": "00:28:12", "end": "00:28:17", "text": "three risk. I want to DCA up to point4,"}, {"start": "00:28:15", "end": "00:28:19", "text": "you know, and I'll put in a lot more"}, {"start": "00:28:17", "end": "00:28:21", "text": "money and I'll take on more risk. You"}, {"start": "00:28:19", "end": "00:28:23", "text": "can do that, right? You can absolutely"}, {"start": "00:28:21", "end": "00:28:25", "text": "do that. But that's the beauty of it is"}, {"start": "00:28:23", "end": "00:28:27", "text": "that there's not a right answer. It's"}, {"start": "00:28:25", "end": "00:28:29", "text": "not like, you know, and you can see how"}, {"start": "00:28:27", "end": "00:28:31", "text": "it's adjusted the the where you buy,"}, {"start": "00:28:29", "end": "00:28:36", "text": "right? You buy a 100 at at between.3 and"}, {"start": "00:28:31", "end": "00:28:37", "text": "04, 200 between point uh 2 to.3 uh 300"}, {"start": "00:28:36", "end": "00:28:41", "text": "between 0.1 to point 2 and then 400"}, {"start": "00:28:37", "end": "00:28:42", "text": "between 0 and.1. And if you DCA monthly,"}, {"start": "00:28:41", "end": "00:28:44", "text": "that's just what I did. Again, not this"}, {"start": "00:28:42", "end": "00:28:46", "text": "is not financial advice. This is just"}, {"start": "00:28:44", "end": "00:28:47", "text": "strategies that I found that worked for"}, {"start": "00:28:46", "end": "00:28:49", "text": "me. That doesn't mean they're always"}, {"start": "00:28:47", "end": "00:28:51", "text": "going to work, but it's strategies that"}, {"start": "00:28:49", "end": "00:28:52", "text": "have worked for me. And I think for this"}, {"start": "00:28:51", "end": "00:28:56", "text": "cycle,"}, {"start": "00:28:52", "end": "00:28:59", "text": "I think DCAing up to.3 risk"}, {"start": "00:28:56", "end": "00:29:02", "text": "makes a lot of sense. You know, it makes"}, {"start": "00:28:59", "end": "00:29:05", "text": "a lot of sense because now I can look"}, {"start": "00:29:02", "end": "00:29:07", "text": "back at this Bitcoin chart and say, you"}, {"start": "00:29:05", "end": "00:29:09", "text": "know what,"}, {"start": "00:29:07", "end": "00:29:12", "text": "I avoided a lot of the losses in the"}, {"start": "00:29:09", "end": "00:29:15", "text": "first eight months of the bare market. I"}, {"start": "00:29:12", "end": "00:29:16", "text": "can start to deploy"}, {"start": "00:29:15", "end": "00:29:19", "text": "throughout the second half of the"}, {"start": "00:29:16", "end": "00:29:21", "text": "midterm year. I'm still gonna be there"}, {"start": "00:29:19", "end": "00:29:24", "text": "talking about like where the low might"}, {"start": "00:29:21", "end": "00:29:27", "text": "be, but there is a difference between"}, {"start": "00:29:24", "end": "00:29:29", "text": "being right and making money. If if"}, {"start": "00:29:27", "end": "00:29:32", "text": "Bitcoin bottoms earlier than October or"}, {"start": "00:29:29", "end": "00:29:33", "text": "later than October, I'm not going to be"}, {"start": "00:29:32", "end": "00:29:35", "text": "sitting there like trying to time the"}, {"start": "00:29:33", "end": "00:29:37", "text": "exact bottom. Why is that? I have five"}, {"start": "00:29:35", "end": "00:29:40", "text": "kids, you know, I have a life. I don't"}, {"start": "00:29:37", "end": "00:29:42", "text": "have time to just like, you know, just"}, {"start": "00:29:40", "end": "00:29:45", "text": "like I can't sell the exact top, I can't"}, {"start": "00:29:42", "end": "00:29:48", "text": "buy the exact bottom. And the reality is"}, {"start": "00:29:45", "end": "00:29:50", "text": "even if you're right and Bitcoin goes"}, {"start": "00:29:48", "end": "00:29:52", "text": "lower, what if you're sleeping when it"}, {"start": "00:29:50", "end": "00:29:54", "text": "goes lower? Maybe you have a limit order"}, {"start": "00:29:52", "end": "00:29:57", "text": "set, but you know, sometimes they don't"}, {"start": "00:29:54", "end": "00:29:59", "text": "always get filled. Um, and furthermore,"}, {"start": "00:29:57", "end": "00:30:01", "text": "do you really want to leave, you know, a"}, {"start": "00:29:59", "end": "00:30:03", "text": "lot of money just sitting around on"}, {"start": "00:30:01", "end": "00:30:06", "text": "different exchanges waiting for limit"}, {"start": "00:30:03", "end": "00:30:10", "text": "orders to may or may not get filled. So"}, {"start": "00:30:06", "end": "00:30:12", "text": "that's why for me DCA works out a lot"}, {"start": "00:30:10", "end": "00:30:14", "text": "better, right? It is the winning"}, {"start": "00:30:12", "end": "00:30:18", "text": "strategy in crypto, right? Like it"}, {"start": "00:30:14", "end": "00:30:19", "text": "really is. And I find dynamic DCA to be"}, {"start": "00:30:18", "end": "00:30:22", "text": "even better, right? I find that one to"}, {"start": "00:30:19", "end": "00:30:26", "text": "be even better. Now, this is this this"}, {"start": "00:30:22", "end": "00:30:28", "text": "is this risk metric. And then maybe"}, {"start": "00:30:26", "end": "00:30:32", "text": "three years ago,"}, {"start": "00:30:28", "end": "00:30:33", "text": "uh I sort of upgraded this to a"}, {"start": "00:30:32", "end": "00:30:36", "text": "different one. I still use this one a"}, {"start": "00:30:33", "end": "00:30:39", "text": "lot, but there's another one that we"}, {"start": "00:30:36", "end": "00:30:41", "text": "created because this one is a summary"}, {"start": "00:30:39", "end": "00:30:43", "text": "risk metric and it incorporates the"}, {"start": "00:30:41", "end": "00:30:47", "text": "price risk, which is part of what you"}, {"start": "00:30:43", "end": "00:30:50", "text": "just saw. It incorporates onchain risk"}, {"start": "00:30:47", "end": "00:30:52", "text": "and it incorporates social risk. So you"}, {"start": "00:30:50", "end": "00:30:53", "text": "can see the price risk is the total"}, {"start": "00:30:52", "end": "00:30:56", "text": "market cap risk, Bitcoin risk, total"}, {"start": "00:30:53", "end": "00:30:58", "text": "market cap and trend line, this corridor"}, {"start": "00:30:56", "end": "00:31:00", "text": "I created and the fear and greed index."}, {"start": "00:30:58", "end": "00:31:02", "text": "And the the onchain risk is made up of"}, {"start": "00:31:00", "end": "00:31:05", "text": "the peel multiple, the market value to"}, {"start": "00:31:02", "end": "00:31:07", "text": "to realize value, the MVRVZ score,"}, {"start": "00:31:05", "end": "00:31:08", "text": "transaction fees, terminal price, market"}, {"start": "00:31:07", "end": "00:31:10", "text": "cap to thermal cap ratio, and the minor"}, {"start": "00:31:08", "end": "00:31:12", "text": "cap to thermal cap ratio. And then"}, {"start": "00:31:10", "end": "00:31:15", "text": "social risk is made up of Google trends,"}, {"start": "00:31:12", "end": "00:31:17", "text": "the Coinbase app ranking, uh YouTube"}, {"start": "00:31:15", "end": "00:31:19", "text": "subscribers and views to various crypto"}, {"start": "00:31:17", "end": "00:31:21", "text": "analysts on Twi on YouTube, and then uh"}, {"start": "00:31:19", "end": "00:31:24", "text": "Twitter followers to analyst exchanges"}, {"start": "00:31:21", "end": "00:31:29", "text": "and layer 1's on Twitter or X, but I'm"}, {"start": "00:31:24", "end": "00:31:31", "text": "sorry, it's Twitter. Okay, it's Twitter."}, {"start": "00:31:29", "end": "00:31:32", "text": "And when you do that, you get these"}, {"start": "00:31:31", "end": "00:31:34", "text": "different gauges. You have your price"}, {"start": "00:31:32", "end": "00:31:36", "text": "risk, your onchain risk, and your social"}, {"start": "00:31:34", "end": "00:31:38", "text": "risk. And if you combine all of them"}, {"start": "00:31:36", "end": "00:31:40", "text": "into a single risk metric, you get what"}, {"start": "00:31:38", "end": "00:31:42", "text": "I call the summary risk."}, {"start": "00:31:40", "end": "00:31:44", "text": "And it looks like this, right? I mean,"}, {"start": "00:31:42", "end": "00:31:46", "text": "it looks pretty similar to this other"}, {"start": "00:31:44", "end": "00:31:48", "text": "one. Uh, but, you know, I think it's a"}, {"start": "00:31:46", "end": "00:31:50", "text": "little bit more helpful. And it also"}, {"start": "00:31:48", "end": "00:31:52", "text": "shows you that it was similar to 2019 in"}, {"start": "00:31:50", "end": "00:31:56", "text": "terms of how this played out. And you"}, {"start": "00:31:52", "end": "00:31:59", "text": "can see that in 2011 and in 2015 and in"}, {"start": "00:31:56", "end": "00:32:01", "text": "2018 we went down to below 0.1 risk. We"}, {"start": "00:31:59", "end": "00:32:03", "text": "didn't last cycle. But there's a reason"}, {"start": "00:32:01", "end": "00:32:05", "text": "we didn't last cycle. We did if you"}, {"start": "00:32:03", "end": "00:32:07", "text": "ignore the onchain risk. So if you take"}, {"start": "00:32:05", "end": "00:32:08", "text": "if you turn or sorry if you turn the"}, {"start": "00:32:07", "end": "00:32:12", "text": "social risk off. If you ignore the"}, {"start": "00:32:08", "end": "00:32:15", "text": "social risk, you turn that off. We did"}, {"start": "00:32:12", "end": "00:32:17", "text": "go down there below 0.1. You see that?"}, {"start": "00:32:15", "end": "00:32:19", "text": "But the social risk remained high last"}, {"start": "00:32:17", "end": "00:32:21", "text": "cycle. And I think it was because people"}, {"start": "00:32:19", "end": "00:32:24", "text": "were tuning in to watch the FTX train"}, {"start": "00:32:21", "end": "00:32:27", "text": "wreck. So the summary risk didn't quite"}, {"start": "00:32:24", "end": "00:32:30", "text": "go down as far. Right now it's at the"}, {"start": "00:32:27", "end": "00:32:33", "text": "same level it was at back in 2022."}, {"start": "00:32:30", "end": "00:32:36", "text": "But the difference between now and 2022"}, {"start": "00:32:33", "end": "00:32:38", "text": "is the social risk"}, {"start": "00:32:36", "end": "00:32:41", "text": "is actually further down than it was"}, {"start": "00:32:38", "end": "00:32:42", "text": "back then. Right? So, if the market were"}, {"start": "00:32:41", "end": "00:32:45", "text": "to continue to stay like this for the"}, {"start": "00:32:42", "end": "00:32:47", "text": "rest of the year um and and kind of just"}, {"start": "00:32:45", "end": "00:32:48", "text": "drift lower, you can see how if even if"}, {"start": "00:32:47", "end": "00:32:50", "text": "you just want to use the price and"}, {"start": "00:32:48", "end": "00:32:52", "text": "onchain risk combined, you can see how"}, {"start": "00:32:50", "end": "00:32:55", "text": "every cycle they go to about that 0.1"}, {"start": "00:32:52", "end": "00:33:00", "text": "risk level and then it reverses out of"}, {"start": "00:32:55", "end": "00:33:02", "text": "it and then the next bull market begins."}, {"start": "00:33:00", "end": "00:33:05", "text": "That doesn't mean it has to go that low."}, {"start": "00:33:02", "end": "00:33:07", "text": "In 2020 again during a similar business"}, {"start": "00:33:05", "end": "00:33:11", "text": "cycle conditions we only went down to"}, {"start": "00:33:07", "end": "00:33:11", "text": "you know 0.135."}, {"start": "00:33:12", "end": "00:33:19", "text": "But for me this chart is a great chart."}, {"start": "00:33:16", "end": "00:33:22", "text": "I made a I made a change though to how I"}, {"start": "00:33:19", "end": "00:33:24", "text": "how I did stuff back then."}, {"start": "00:33:22", "end": "00:33:27", "text": "It was stupid now that I think about it."}, {"start": "00:33:24", "end": "00:33:29", "text": "Back then I would buy you know from 0 to"}, {"start": "00:33:27", "end": "00:33:32", "text": "0.5 risk and then I would sell about 0.5"}, {"start": "00:33:29", "end": "00:33:34", "text": "risk. The issue with that that I found"}, {"start": "00:33:32", "end": "00:33:36", "text": "was that like I was buying it one week"}, {"start": "00:33:34", "end": "00:33:39", "text": "and then like the next week we would go"}, {"start": "00:33:36", "end": "00:33:42", "text": "above 0.5 risk and then I would sell"}, {"start": "00:33:39", "end": "00:33:43", "text": "like 115th of my Bitcoin. Like what am I"}, {"start": "00:33:42", "end": "00:33:44", "text": "doing? You know, this doesn't make"}, {"start": "00:33:43", "end": "00:33:45", "text": "sense. And then the next week it would"}, {"start": "00:33:44", "end": "00:33:46", "text": "drop right back down. I'd buy it back."}, {"start": "00:33:45", "end": "00:33:48", "text": "I'm like this this makes absolutely no"}, {"start": "00:33:46", "end": "00:33:49", "text": "sense. I'm not going to I'm not a day"}, {"start": "00:33:48", "end": "00:33:52", "text": "trader here. I'm not a swing trader. I'm"}, {"start": "00:33:49", "end": "00:33:54", "text": "not trying to nickel and dime Bitcoin."}, {"start": "00:33:52", "end": "00:33:58", "text": "So what I ended up doing last cycle was"}, {"start": "00:33:54", "end": "00:33:59", "text": "I bought up to 0.4 for risk. As I"}, {"start": "00:33:58", "end": "00:34:01", "text": "explained many times over the last"}, {"start": "00:33:59", "end": "00:34:02", "text": "several years, you can look up risk"}, {"start": "00:34:01", "end": "00:34:04", "text": "metric and look at all these videos"}, {"start": "00:34:02", "end": "00:34:06", "text": "we've had. I've published them like"}, {"start": "00:34:04", "end": "00:34:08", "text": "every year for the last six years. I DTA"}, {"start": "00:34:06", "end": "00:34:11", "text": "up to point4 risk and I didn't take"}, {"start": "00:34:08", "end": "00:34:13", "text": "profits until above 6 risk. And so I"}, {"start": "00:34:11", "end": "00:34:15", "text": "created this like gray region. So I I"}, {"start": "00:34:13", "end": "00:34:17", "text": "buy up to a certain risk level. I do"}, {"start": "00:34:15", "end": "00:34:19", "text": "nothing for certain risk levels and then"}, {"start": "00:34:17", "end": "00:34:22", "text": "above another risk level I start"}, {"start": "00:34:19", "end": "00:34:26", "text": "selling. So the argument could simply be"}, {"start": "00:34:22", "end": "00:34:28", "text": "that if this cycle I buy up to.3 risk"}, {"start": "00:34:26", "end": "00:34:33", "text": "then perhaps I do absolutely nothing"}, {"start": "00:34:28", "end": "00:34:35", "text": "between.3 and 6 and then above 6 I might"}, {"start": "00:34:33", "end": "00:34:37", "text": "start to scale out slowly. You might say"}, {"start": "00:34:35", "end": "00:34:40", "text": "well why scale out at all? Well look at"}, {"start": "00:34:37", "end": "00:34:42", "text": "what last cycle every every spike barely"}, {"start": "00:34:40", "end": "00:34:43", "text": "got above that 6 risk level got around"}, {"start": "00:34:42", "end": "00:34:45", "text": "those levels and so those were the times"}, {"start": "00:34:43", "end": "00:34:47", "text": "to ultimately DCA out. I know at the"}, {"start": "00:34:45", "end": "00:34:49", "text": "time it wasn't a popular view, but"}, {"start": "00:34:47", "end": "00:34:51", "text": "that's what that's what happened. And"}, {"start": "00:34:49", "end": "00:34:53", "text": "really, when you look at Bitcoin valued"}, {"start": "00:34:51", "end": "00:34:55", "text": "against other assets besides fiat, it"}, {"start": "00:34:53", "end": "00:34:57", "text": "topped out in 2024. The valuation of"}, {"start": "00:34:55", "end": "00:34:59", "text": "Bitcoin against gold topped out in"}, {"start": "00:34:57", "end": "00:35:01", "text": "December 2024."}, {"start": "00:34:59", "end": "00:35:04", "text": "So, you could argue that in the last"}, {"start": "00:35:01", "end": "00:35:06", "text": "market cycle, in the last four-ear cycle"}, {"start": "00:35:04", "end": "00:35:09", "text": "for Bitcoin, it wasn't even really a"}, {"start": "00:35:06", "end": "00:35:11", "text": "great investment after 2024 because 2025"}, {"start": "00:35:09", "end": "00:35:13", "text": "just ended up being this massive"}, {"start": "00:35:11", "end": "00:35:17", "text": "distribution phase just like 2021 was a"}, {"start": "00:35:13", "end": "00:35:17", "text": "massive distribution phase."}, {"start": "00:35:17", "end": "00:35:21", "text": "So,"}, {"start": "00:35:19", "end": "00:35:25", "text": "that is how I navigate crypto, right?"}, {"start": "00:35:21", "end": "00:35:30", "text": "That is what I do. I dynamic DCA based"}, {"start": "00:35:25", "end": "00:35:34", "text": "on the risk metric."}, {"start": "00:35:30", "end": "00:35:36", "text": "That's what I do. And in this case, I"}, {"start": "00:35:34", "end": "00:35:39", "text": "applied sort of a timebased"}, {"start": "00:35:36", "end": "00:35:39", "text": "capitulation."}, {"start": "00:35:39", "end": "00:35:45", "text": "And what I mean is I I did not buy"}, {"start": "00:35:41", "end": "00:35:47", "text": "Bitcoin back in February when we first"}, {"start": "00:35:45", "end": "00:35:49", "text": "briefly went below.3 risk. It was"}, {"start": "00:35:47", "end": "00:35:51", "text": "because I was applying timebased"}, {"start": "00:35:49", "end": "00:35:54", "text": "capitulation. I thought February was far"}, {"start": "00:35:51", "end": "00:35:56", "text": "too early in the midterm year to call"}, {"start": "00:35:54", "end": "00:35:58", "text": "the low, especially when the supply and"}, {"start": "00:35:56", "end": "00:36:00", "text": "profit and loss hadn't even crossed yet."}, {"start": "00:35:58", "end": "00:36:01", "text": "We hadn't gone below the realized price."}, {"start": "00:36:00", "end": "00:36:03", "text": "We still haven't gone below the realized"}, {"start": "00:36:01", "end": "00:36:04", "text": "price. But none of like a lot of that"}, {"start": "00:36:03", "end": "00:36:05", "text": "stuff hadn't happened. I'm like, there's"}, {"start": "00:36:04", "end": "00:36:07", "text": "just not a good chance. There's no way"}, {"start": "00:36:05", "end": "00:36:10", "text": "that February is the low, right? We"}, {"start": "00:36:07", "end": "00:36:12", "text": "likely will at least go slightly lower"}, {"start": "00:36:10", "end": "00:36:13", "text": "than that in June like how we went"}, {"start": "00:36:12", "end": "00:36:18", "text": "slightly lower than that in June of"}, {"start": "00:36:13", "end": "00:36:20", "text": "2018. So,"}, {"start": "00:36:18", "end": "00:36:22", "text": "but now"}, {"start": "00:36:20", "end": "00:36:24", "text": "as we get into the second half of the"}, {"start": "00:36:22", "end": "00:36:27", "text": "midterm year, there's a good chance that"}, {"start": "00:36:24", "end": "00:36:31", "text": "Bitcoin bottoms out. Okay. In terms of"}, {"start": "00:36:27", "end": "00:36:33", "text": "the odds of like when October seems the"}, {"start": "00:36:31", "end": "00:36:36", "text": "most likely outcome, could happen"}, {"start": "00:36:33", "end": "00:36:40", "text": "sooner, could happen later. Let me give"}, {"start": "00:36:36", "end": "00:36:43", "text": "you an example. If Bitcoin risk were to"}, {"start": "00:36:40", "end": "00:36:45", "text": "nuke to 0.1 tomorrow, do you think I"}, {"start": "00:36:43", "end": "00:36:47", "text": "would wait until October to flip"}, {"start": "00:36:45", "end": "00:36:50", "text": "bullish? Absolutely not. Right."}, {"start": "00:36:47", "end": "00:36:54", "text": "Absolutely not. I would pivot in a"}, {"start": "00:36:50", "end": "00:36:56", "text": "heartbeat. In a heartbeat,"}, {"start": "00:36:54", "end": "00:36:59", "text": "but I can't count on that. Like, I can't"}, {"start": "00:36:56", "end": "00:37:01", "text": "count on a massive capitulation. What if"}, {"start": "00:36:59", "end": "00:37:04", "text": "it doesn't happen? What if we just spend"}, {"start": "00:37:01", "end": "00:37:08", "text": "the rest of the cycle between 0 2 and 3?"}, {"start": "00:37:04", "end": "00:37:10", "text": "At least I DCA something, you know? So"}, {"start": "00:37:08", "end": "00:37:13", "text": "the way to be successful at Bitcoin is"}, {"start": "00:37:10", "end": "00:37:16", "text": "to just come up with a strategy and"}, {"start": "00:37:13", "end": "00:37:18", "text": "stick to it no matter what. And for me"}, {"start": "00:37:16", "end": "00:37:20", "text": "for the next cycle that especially now"}, {"start": "00:37:18", "end": "00:37:21", "text": "that we've gotten kind of gotten to the"}, {"start": "00:37:20", "end": "00:37:23", "text": "second near the second half of the"}, {"start": "00:37:21", "end": "00:37:25", "text": "midterm year, we're basically in the"}, {"start": "00:37:23", "end": "00:37:28", "text": "process of trying to find the June low"}, {"start": "00:37:25", "end": "00:37:29", "text": "could be that the low is already in. In"}, {"start": "00:37:28", "end": "00:37:30", "text": "some scenarios, it could go lower,"}, {"start": "00:37:29", "end": "00:37:34", "text": "right? like maybe we take out that"}, {"start": "00:37:30", "end": "00:37:36", "text": "realized price which is in the 50s but"}, {"start": "00:37:34", "end": "00:37:38", "text": "that's not historically that's not a bad"}, {"start": "00:37:36", "end": "00:37:41", "text": "time to at least begin thinking about"}, {"start": "00:37:38", "end": "00:37:45", "text": "about DCAing Bitcoin and then if we go"}, {"start": "00:37:41", "end": "00:37:48", "text": "lower I would then increase the DCA so"}, {"start": "00:37:45", "end": "00:37:51", "text": "that if we do go lower I can get my cost"}, {"start": "00:37:48", "end": "00:37:55", "text": "basis as low as possible before the next"}, {"start": "00:37:51", "end": "00:37:57", "text": "bull market begins and that is how I"}, {"start": "00:37:55", "end": "00:37:59", "text": "navigate Bitcoin. If you guys like the"}, {"start": "00:37:57", "end": "00:38:00", "text": "content, make sure you subscribe to the"}, {"start": "00:37:59", "end": "00:38:01", "text": "channel. Give the video a thumbs up. And"}, {"start": "00:38:00", "end": "00:38:03", "text": "if you want more information about this,"}, {"start": "00:38:01", "end": "00:38:05", "text": "again, check out into the cryptoverse"}, {"start": "00:38:03", "end": "00:38:07", "text": "premium at into the cryptoverse.com. We"}, {"start": "00:38:05", "end": "00:38:09", "text": "do have the sale going on right now. You"}, {"start": "00:38:07", "end": "00:38:10", "text": "can get access to these riskmetrics. You"}, {"start": "00:38:09", "end": "00:38:12", "text": "don't have to, right? There's other"}, {"start": "00:38:10", "end": "00:38:14", "text": "things that you can use. You can create"}, {"start": "00:38:12", "end": "00:38:15", "text": "things yourself. I'm not suggesting that"}, {"start": "00:38:14", "end": "00:38:17", "text": "you have to use this one by any stretch"}, {"start": "00:38:15", "end": "00:38:21", "text": "of the imagination. And again, as I said"}, {"start": "00:38:17", "end": "00:38:23", "text": "previously, if the price to ITC would"}, {"start": "00:38:21", "end": "00:38:24", "text": "significantly eat into the amount that"}, {"start": "00:38:23", "end": "00:38:26", "text": "you'd be putting into the market,"}, {"start": "00:38:24", "end": "00:38:27", "text": "there's no reason to get a subscription."}, {"start": "00:38:26", "end": "00:38:29", "text": "you'd just be better off just DCAing"}, {"start": "00:38:27", "end": "00:38:31", "text": "into the market than getting a"}, {"start": "00:38:29", "end": "00:38:34", "text": "subscription. But you can get a free"}, {"start": "00:38:31", "end": "00:38:36", "text": "subscription and and play around with"}, {"start": "00:38:34", "end": "00:38:38", "text": "some of the DCA tools. And there's a few"}, {"start": "00:38:36", "end": "00:38:40", "text": "few other charts on there as well that"}, {"start": "00:38:38", "end": "00:38:42", "text": "are in fact free. So that's all I would"}, {"start": "00:38:40", "end": "00:38:43", "text": "I want to say about that. And I've said"}, {"start": "00:38:42", "end": "00:38:46", "text": "that every year basically for the last"}, {"start": "00:38:43", "end": "00:38:49", "text": "six years uh seven years, right? if it"}, {"start": "00:38:46", "end": "00:38:50", "text": "or six years if it if it's represents a"}, {"start": "00:38:49", "end": "00:38:53", "text": "large amount of your dollar cost average"}, {"start": "00:38:50", "end": "00:38:56", "text": "amount then you would be far better off"}, {"start": "00:38:53", "end": "00:38:57", "text": "you know just DCAing into the market"}, {"start": "00:38:56", "end": "00:38:58", "text": "than than going out and buying"}, {"start": "00:38:57", "end": "00:39:00", "text": "subscriptions to stuff that are just"}, {"start": "00:38:58", "end": "00:39:03", "text": "going to basically tell you to do the"}, {"start": "00:39:00", "end": "00:39:04", "text": "same thing with small tweaks. Okay,"}, {"start": "00:39:03", "end": "00:39:06", "text": "let's just be honest, right? Let's keep"}, {"start": "00:39:04", "end": "00:39:07", "text": "it real. All right, those are my views."}, {"start": "00:39:06", "end": "00:39:09", "text": "Thank you guys for tuning in. Subscribe."}, {"start": "00:39:07", "end": "00:39:12", "text": "Give the video a thumbs up. I'll see you"}, {"start": "00:39:09", "end": "00:39:12", "text": "guys next time. Bye."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Hey everyone, and thanks for dropping"}, {"start": "00:00:02", "end": "00:00:07", "text": "back into the heavy metal verse."}, {"start": "00:00:04", "end": "00:00:09", "text": "Today, we're going to talk about gold,"}, {"start": "00:00:07", "end": "00:00:11", "text": "and we're going to discuss the path"}, {"start": "00:00:09", "end": "00:00:13", "text": "through the rest of the year. If you"}, {"start": "00:00:11", "end": "00:00:14", "text": "guys like the content, make sure you"}, {"start": "00:00:13", "end": "00:00:17", "text": "subscribe to the channel, give the video"}, {"start": "00:00:14", "end": "00:00:19", "text": "a thumbs up, and also check out the sale"}, {"start": "00:00:17", "end": "00:00:22", "text": "on Into the Cryptoverse Premium at"}, {"start": "00:00:19", "end": "00:00:22", "text": "intothecryptoverse.com."}, {"start": "00:00:22", "end": "00:00:28", "text": "Let's go ahead and jump in. So, gold is"}, {"start": "00:00:25", "end": "00:00:30", "text": "currently trading around $4,000 an"}, {"start": "00:00:28", "end": "00:00:32", "text": "ounce, and it's actually it's actually"}, {"start": "00:00:30", "end": "00:00:34", "text": "had a sizable correction after this"}, {"start": "00:00:32", "end": "00:00:37", "text": "large move up we had going into January"}, {"start": "00:00:34", "end": "00:00:39", "text": "2026. Now,"}, {"start": "00:00:37", "end": "00:00:41", "text": "if you followed my views on gold"}, {"start": "00:00:39", "end": "00:00:42", "text": "uh for the last year or so, we talked"}, {"start": "00:00:41", "end": "00:00:46", "text": "about a parabolic rally, but then a"}, {"start": "00:00:42", "end": "00:00:48", "text": "correction in the first half of 2026."}, {"start": "00:00:46", "end": "00:00:50", "text": "Considering that it's now June,"}, {"start": "00:00:48", "end": "00:00:52", "text": "I thought it was timely to maybe make a"}, {"start": "00:00:50", "end": "00:00:54", "text": "video update now since the first half of"}, {"start": "00:00:52", "end": "00:00:56", "text": "2026 is almost over."}, {"start": "00:00:54", "end": "00:01:00", "text": "Predicting where the low is going to"}, {"start": "00:00:56", "end": "00:01:02", "text": "occur is very difficult. Um you know, I"}, {"start": "00:01:00", "end": "00:01:03", "text": "I I talked about it with with Bitcoin."}, {"start": "00:01:02", "end": "00:01:06", "text": "We we sort of speculated about it with"}, {"start": "00:01:03", "end": "00:01:08", "text": "with things, but no one truly knows."}, {"start": "00:01:06", "end": "00:01:11", "text": "But, we can look at history to get an"}, {"start": "00:01:08", "end": "00:01:14", "text": "idea of of what might happen."}, {"start": "00:01:11", "end": "00:01:18", "text": "And so, my guess"}, {"start": "00:01:14", "end": "00:01:22", "text": "is that gold will likely find a low,"}, {"start": "00:01:18", "end": "00:01:24", "text": "probably between the June"}, {"start": "00:01:22", "end": "00:01:27", "text": "to October time frame,"}, {"start": "00:01:24", "end": "00:01:31", "text": "but on average in midterm years, gold"}, {"start": "00:01:27", "end": "00:01:33", "text": "tends to bottom in June or July."}, {"start": "00:01:31", "end": "00:01:36", "text": "On average. So, let's go through some of"}, {"start": "00:01:33", "end": "00:01:39", "text": "the examples and then talk about, you"}, {"start": "00:01:36", "end": "00:01:41", "text": "know, why the low will likely occur in"}, {"start": "00:01:39", "end": "00:01:44", "text": "that time frame. So, the first thing we"}, {"start": "00:01:41", "end": "00:01:46", "text": "could do is look at seasonality. And as"}, {"start": "00:01:44", "end": "00:01:49", "text": "I've said before, seasonality only works"}, {"start": "00:01:46", "end": "00:01:52", "text": "about 70% of the time. So, if you run"}, {"start": "00:01:49", "end": "00:01:55", "text": "with it, it'll likely work more often"}, {"start": "00:01:52", "end": "00:01:57", "text": "than not, but about 30% of the time, you"}, {"start": "00:01:55", "end": "00:01:59", "text": "would probably see it do something else."}, {"start": "00:01:57", "end": "00:02:01", "text": "So, seasonality is certainly not"}, {"start": "00:01:59", "end": "00:02:03", "text": "everything."}, {"start": "00:02:01", "end": "00:02:06", "text": "But, if you look at the year-to-date ROI"}, {"start": "00:02:03", "end": "00:02:08", "text": "of gold in 2026 and compare it to the"}, {"start": "00:02:06", "end": "00:02:10", "text": "average of prior midterm years, you get"}, {"start": "00:02:08", "end": "00:02:12", "text": "a chart that looks like this. If you"}, {"start": "00:02:10", "end": "00:02:15", "text": "overlay one standard deviation to that"}, {"start": "00:02:12", "end": "00:02:17", "text": "average, you can see we exceeded the"}, {"start": "00:02:15", "end": "00:02:19", "text": "returns in the beginning of the year."}, {"start": "00:02:17", "end": "00:02:22", "text": "And now, the losses have exceeded the"}, {"start": "00:02:19", "end": "00:02:23", "text": "typical losses that we get going into"}, {"start": "00:02:22", "end": "00:02:27", "text": "the summer."}, {"start": "00:02:23", "end": "00:02:30", "text": "Currently, it is day 162"}, {"start": "00:02:27", "end": "00:02:33", "text": "of the year, and on average, gold"}, {"start": "00:02:30", "end": "00:02:37", "text": "bottoms on day 187."}, {"start": "00:02:33", "end": "00:02:39", "text": "So, on average, in midterm years, gold"}, {"start": "00:02:37", "end": "00:02:41", "text": "tends to find a low"}, {"start": "00:02:39", "end": "00:02:44", "text": "in the summer."}, {"start": "00:02:41", "end": "00:02:46", "text": "It can extend longer,"}, {"start": "00:02:44", "end": "00:02:48", "text": "but I would start really looking for"}, {"start": "00:02:46", "end": "00:02:50", "text": "lows to form,"}, {"start": "00:02:48", "end": "00:02:52", "text": "you know, especially the later we get in"}, {"start": "00:02:50", "end": "00:02:55", "text": "June, and especially going into like"}, {"start": "00:02:52", "end": "00:02:58", "text": "July, August, September, October time"}, {"start": "00:02:55", "end": "00:03:01", "text": "frame, and likely gearing up for another"}, {"start": "00:02:58", "end": "00:03:04", "text": "move up going into sort of the 2027,"}, {"start": "00:03:01", "end": "00:03:06", "text": "2028 time frame."}, {"start": "00:03:04", "end": "00:03:08", "text": "One of the reasons why I mean, it's so"}, {"start": "00:03:06", "end": "00:03:10", "text": "hard to nail down lows. Let's actually"}, {"start": "00:03:08", "end": "00:03:12", "text": "look at at a lot of the midterm years,"}, {"start": "00:03:10", "end": "00:03:14", "text": "rather than rather than just say, \"Oh,"}, {"start": "00:03:12", "end": "00:03:16", "text": "this is what happens on average.\" Let's"}, {"start": "00:03:14", "end": "00:03:18", "text": "actually look at at what most of them"}, {"start": "00:03:16", "end": "00:03:21", "text": "have actually done. So, we're going to"}, {"start": "00:03:18", "end": "00:03:24", "text": "remove the average. Now, look at 2026"}, {"start": "00:03:21", "end": "00:03:26", "text": "compared to 2022. You'll notice that"}, {"start": "00:03:24", "end": "00:03:28", "text": "they don't look that dissimilar, right?"}, {"start": "00:03:26", "end": "00:03:30", "text": "What you'll see is that gold had a move"}, {"start": "00:03:28", "end": "00:03:33", "text": "early in the year, and then it kind of"}, {"start": "00:03:30", "end": "00:03:35", "text": "bled out, um and ultimately, it found a"}, {"start": "00:03:33", "end": "00:03:38", "text": "low around the time that the stock"}, {"start": "00:03:35", "end": "00:03:40", "text": "market found a low. So, that's the"}, {"start": "00:03:38", "end": "00:03:42", "text": "reason why I feel like I have to be open"}, {"start": "00:03:40", "end": "00:03:44", "text": "As much as I'd like gold to bottom"}, {"start": "00:03:42", "end": "00:03:46", "text": "sooner, and I think it could, I have to"}, {"start": "00:03:44", "end": "00:03:49", "text": "be open-minded to a low occurring a"}, {"start": "00:03:46", "end": "00:03:51", "text": "little bit later if gold is to follow"}, {"start": "00:03:49", "end": "00:03:54", "text": "what I would think would be a correction"}, {"start": "00:03:51", "end": "00:03:55", "text": "by stocks going into like late Q3, early"}, {"start": "00:03:54", "end": "00:03:58", "text": "Q4."}, {"start": "00:03:55", "end": "00:04:00", "text": "If you look at 2018, you can see that"}, {"start": "00:03:58", "end": "00:04:01", "text": "again, we had sort of an initial move"}, {"start": "00:04:00", "end": "00:04:06", "text": "early in the year, and then we just kind"}, {"start": "00:04:01", "end": "00:04:08", "text": "of bled out into day 227, which would"}, {"start": "00:04:06", "end": "00:04:09", "text": "only be a couple of months from now"}, {"start": "00:04:08", "end": "00:04:11", "text": "before the market started to pick back"}, {"start": "00:04:09", "end": "00:04:13", "text": "up."}, {"start": "00:04:11", "end": "00:04:15", "text": "If you compare this to 2014, you can see"}, {"start": "00:04:13", "end": "00:04:18", "text": "we ended up getting the low later in the"}, {"start": "00:04:15", "end": "00:04:19", "text": "year. If you look at 2010, there was a"}, {"start": "00:04:18", "end": "00:04:21", "text": "low that formed in the summer. It was in"}, {"start": "00:04:19", "end": "00:04:23", "text": "a It was in a bull market, and we"}, {"start": "00:04:21", "end": "00:04:25", "text": "continued higher."}, {"start": "00:04:23", "end": "00:04:26", "text": "And if we go look at 2006, which I think"}, {"start": "00:04:25", "end": "00:04:29", "text": "there's"}, {"start": "00:04:26", "end": "00:04:31", "text": "plenty of There are some similarities."}, {"start": "00:04:29", "end": "00:04:33", "text": "There was a low formed, you know, around"}, {"start": "00:04:31", "end": "00:04:36", "text": "the summer months, and then we sort of"}, {"start": "00:04:33", "end": "00:04:39", "text": "trended up after that. And then going"}, {"start": "00:04:36", "end": "00:04:41", "text": "into 2007, gold continued to go up."}, {"start": "00:04:39", "end": "00:04:41", "text": "So,"}, {"start": "00:04:42", "end": "00:04:47", "text": "my guess"}, {"start": "00:04:44", "end": "00:04:50", "text": "is that gold will likely find a low"}, {"start": "00:04:47", "end": "00:04:52", "text": "between the June to October timeframe."}, {"start": "00:04:50", "end": "00:04:55", "text": "The reason I say that is because on"}, {"start": "00:04:52", "end": "00:04:57", "text": "average, gold tends to bottom in June or"}, {"start": "00:04:55", "end": "00:04:59", "text": "July in mid-term years."}, {"start": "00:04:57", "end": "00:05:02", "text": "Uh but"}, {"start": "00:04:59", "end": "00:05:05", "text": "if stocks get a correction, it could"}, {"start": "00:05:02", "end": "00:05:06", "text": "drag gold down with it."}, {"start": "00:05:05", "end": "00:05:09", "text": "Be that as it may, there are some"}, {"start": "00:05:06", "end": "00:05:11", "text": "examples in the past where gold starts"}, {"start": "00:05:09", "end": "00:05:14", "text": "to go up even during that stock market"}, {"start": "00:05:11", "end": "00:05:17", "text": "correction, which is why it could bottom"}, {"start": "00:05:14", "end": "00:05:18", "text": "earlier in the summer."}, {"start": "00:05:17", "end": "00:05:19", "text": "Let's go through a few examples, all"}, {"start": "00:05:18", "end": "00:05:21", "text": "right?"}, {"start": "00:05:19", "end": "00:05:23", "text": "Now, let's go through one of the more"}, {"start": "00:05:21", "end": "00:05:26", "text": "egregious ones because one of the things"}, {"start": "00:05:23", "end": "00:05:30", "text": "that we've talked about a lot is how in"}, {"start": "00:05:26", "end": "00:05:33", "text": "the last two major gold bull markets,"}, {"start": "00:05:30", "end": "00:05:37", "text": "they were interrupted, both of them,"}, {"start": "00:05:33", "end": "00:05:39", "text": "they were interrupted by a recession"}, {"start": "00:05:37", "end": "00:05:41", "text": "in the United States."}, {"start": "00:05:39", "end": "00:05:43", "text": "Now, in the current gold bull market,"}, {"start": "00:05:41", "end": "00:05:45", "text": "we don't know We haven't had a recession"}, {"start": "00:05:43", "end": "00:05:48", "text": "in the United States."}, {"start": "00:05:45", "end": "00:05:50", "text": "So, I don't even know if current"}, {"start": "00:05:48", "end": "00:05:51", "text": "correction that you're seeing is"}, {"start": "00:05:50", "end": "00:05:54", "text": "actually one that lines up with a"}, {"start": "00:05:51", "end": "00:05:56", "text": "recession or not. The labor market as it"}, {"start": "00:05:54", "end": "00:05:59", "text": "stands right now is still holding up"}, {"start": "00:05:56", "end": "00:06:00", "text": "relatively okay. So, I can't look at"}, {"start": "00:05:59", "end": "00:06:01", "text": "that and be like, \"Oh, well, this is a"}, {"start": "00:06:00", "end": "00:06:03", "text": "recession necessarily.\" because it might"}, {"start": "00:06:01", "end": "00:06:04", "text": "not be."}, {"start": "00:06:03", "end": "00:06:06", "text": "You might say, \"Well, this is a pretty"}, {"start": "00:06:04", "end": "00:06:09", "text": "steep correction by gold.\" And have we"}, {"start": "00:06:06", "end": "00:06:11", "text": "had corrections like that before and not"}, {"start": "00:06:09", "end": "00:06:14", "text": "have a recession in the United States?"}, {"start": "00:06:11", "end": "00:06:17", "text": "Well, if you look at 2008, gold dropped"}, {"start": "00:06:14", "end": "00:06:20", "text": "about 33% in the larger bull market"}, {"start": "00:06:17", "end": "00:06:22", "text": "before going on to new all-time highs."}, {"start": "00:06:20", "end": "00:06:25", "text": "If you look at 1974,"}, {"start": "00:06:22", "end": "00:06:27", "text": "gold dropped about 25% before going to"}, {"start": "00:06:25", "end": "00:06:30", "text": "new all-time highs later that year."}, {"start": "00:06:27", "end": "00:06:33", "text": "What is the current drawdown by gold?"}, {"start": "00:06:30", "end": "00:06:36", "text": "It's about 28%. Okay? But, if you look"}, {"start": "00:06:33", "end": "00:06:40", "text": "at what gold did in 2006,"}, {"start": "00:06:36", "end": "00:06:44", "text": "it had a correction of about 25%."}, {"start": "00:06:40", "end": "00:06:47", "text": "If you look at what gold did in 1973,"}, {"start": "00:06:44", "end": "00:06:49", "text": "it had about a 28% drop. Now, again,"}, {"start": "00:06:47", "end": "00:06:54", "text": "these were fairly normal corrections for"}, {"start": "00:06:49", "end": "00:06:56", "text": "gold to have in route to a larger"}, {"start": "00:06:54", "end": "00:06:58", "text": "speculative blow-off top that then"}, {"start": "00:06:56", "end": "00:07:01", "text": "lasted a really, really long time."}, {"start": "00:06:58", "end": "00:07:04", "text": "So, I'm not here to say that it it can't"}, {"start": "00:07:01", "end": "00:07:05", "text": "go lower. What I'm here to say is that,"}, {"start": "00:07:04", "end": "00:07:08", "text": "look, there's"}, {"start": "00:07:05", "end": "00:07:11", "text": "pretty there's pretty obviously large"}, {"start": "00:07:08", "end": "00:07:13", "text": "corrections in gold"}, {"start": "00:07:11", "end": "00:07:15", "text": "that have happened in bull markets and"}, {"start": "00:07:13", "end": "00:07:18", "text": "the top still was not in."}, {"start": "00:07:15", "end": "00:07:20", "text": "Now, you might retort and say, \"Well,"}, {"start": "00:07:18", "end": "00:07:22", "text": "what about the monthly RSI, right? That"}, {"start": "00:07:20", "end": "00:07:25", "text": "one was got That got pretty egregiously"}, {"start": "00:07:22", "end": "00:07:28", "text": "overbought. And so, could we really"}, {"start": "00:07:25", "end": "00:07:30", "text": "expect gold to recover after a monthly"}, {"start": "00:07:28", "end": "00:07:33", "text": "RSI of 95?\""}, {"start": "00:07:30", "end": "00:07:36", "text": "But, the last time the monthly RSI was"}, {"start": "00:07:33", "end": "00:07:40", "text": "around 95 was actually in 1973"}, {"start": "00:07:36", "end": "00:07:41", "text": "when gold had a correction about a 28%"}, {"start": "00:07:40", "end": "00:07:44", "text": "correction, which is where it is right"}, {"start": "00:07:41", "end": "00:07:45", "text": "now, and then we still rallied up to"}, {"start": "00:07:44", "end": "00:07:47", "text": "all-time highs. What I would argue with"}, {"start": "00:07:45", "end": "00:07:50", "text": "the RSI is you want to look for"}, {"start": "00:07:47", "end": "00:07:52", "text": "divergences, like a high on the RSI and"}, {"start": "00:07:50", "end": "00:07:55", "text": "then a lower high a few years later, and"}, {"start": "00:07:52", "end": "00:07:57", "text": "then the price puts in a high while and"}, {"start": "00:07:55", "end": "00:08:00", "text": "then a higher high. So, you you get like"}, {"start": "00:07:57", "end": "00:08:02", "text": "a negative um this bearish divergence"}, {"start": "00:08:00", "end": "00:08:05", "text": "that essentially occurs."}, {"start": "00:08:02", "end": "00:08:07", "text": "But, we've only had the initial high."}, {"start": "00:08:05", "end": "00:08:08", "text": "Right? And even last business cycle for"}, {"start": "00:08:07", "end": "00:08:11", "text": "gold, you can see the high for the"}, {"start": "00:08:08", "end": "00:08:14", "text": "monthly RSI occurred right before this"}, {"start": "00:08:11", "end": "00:08:16", "text": "drop in 2008, but we went higher, gold"}, {"start": "00:08:14", "end": "00:08:20", "text": "went higher, and printed a lower high on"}, {"start": "00:08:16", "end": "00:08:22", "text": "the monthly RSI. So, for me, I remain"}, {"start": "00:08:20", "end": "00:08:25", "text": "still bullish on gold."}, {"start": "00:08:22", "end": "00:08:27", "text": "And having a correction in the first"}, {"start": "00:08:25", "end": "00:08:28", "text": "half of 2026 is what we said would"}, {"start": "00:08:27", "end": "00:08:30", "text": "likely happen. All right? We said this"}, {"start": "00:08:28", "end": "00:08:31", "text": "is a likely outcome."}, {"start": "00:08:30", "end": "00:08:34", "text": "And if you look at what happened in the"}, {"start": "00:08:31", "end": "00:08:36", "text": "last midterm year, you can see that gold"}, {"start": "00:08:34", "end": "00:08:38", "text": "also had had some sizable corrections in"}, {"start": "00:08:36", "end": "00:08:41", "text": "the last midterm year. If you look at"}, {"start": "00:08:38", "end": "00:08:42", "text": "2022,"}, {"start": "00:08:41", "end": "00:08:46", "text": "you can see that gold corrected from"}, {"start": "00:08:42", "end": "00:08:49", "text": "March into you know, into like October,"}, {"start": "00:08:46", "end": "00:08:51", "text": "and it had about a 22% drop."}, {"start": "00:08:49", "end": "00:08:53", "text": "So, what I'm saying is this."}, {"start": "00:08:51", "end": "00:08:56", "text": "I'm saying you have your first leg of"}, {"start": "00:08:53", "end": "00:08:58", "text": "the bull market and then a midterm year"}, {"start": "00:08:56", "end": "00:08:59", "text": "consolidation correction."}, {"start": "00:08:58", "end": "00:09:01", "text": "And then you have your second leg of the"}, {"start": "00:08:59", "end": "00:09:03", "text": "bull market, and then your midterm year"}, {"start": "00:09:01", "end": "00:09:05", "text": "consolidation correction, which will"}, {"start": "00:09:03", "end": "00:09:08", "text": "then eventually lead sort of to the"}, {"start": "00:09:05", "end": "00:09:11", "text": "third and likely final leg of the bull"}, {"start": "00:09:08", "end": "00:09:13", "text": "market going into the end of the decade."}, {"start": "00:09:11", "end": "00:09:15", "text": "That is how I think this is going to"}, {"start": "00:09:13", "end": "00:09:17", "text": "play out for gold."}, {"start": "00:09:15", "end": "00:09:19", "text": "You should be aware that in bull"}, {"start": "00:09:17", "end": "00:09:22", "text": "markets, you will have corrections like"}, {"start": "00:09:19", "end": "00:09:25", "text": "this. Okay? This is a a fairly standard"}, {"start": "00:09:22", "end": "00:09:27", "text": "correction for gold. I know it looks"}, {"start": "00:09:25", "end": "00:09:29", "text": "bad, but again, when you look at monthly"}, {"start": "00:09:27", "end": "00:09:31", "text": "Heikin-Ashi candles, I mean, this is"}, {"start": "00:09:29", "end": "00:09:35", "text": "what it looks like, right? And you can"}, {"start": "00:09:31", "end": "00:09:36", "text": "see how in these prior bull markets,"}, {"start": "00:09:35", "end": "00:09:39", "text": "you know, getting these corrections was"}, {"start": "00:09:36", "end": "00:09:42", "text": "just par for the course and wasn't"}, {"start": "00:09:39", "end": "00:09:43", "text": "necessarily an indication of a of a top"}, {"start": "00:09:42", "end": "00:09:45", "text": "that was going to last for a very long"}, {"start": "00:09:43", "end": "00:09:47", "text": "time."}, {"start": "00:09:45", "end": "00:09:50", "text": "So, I think this is a a really important"}, {"start": "00:09:47", "end": "00:09:52", "text": "chart to to really zoom out on"}, {"start": "00:09:50", "end": "00:09:54", "text": "to hopefully get a better understanding"}, {"start": "00:09:52", "end": "00:09:56", "text": "of of like what actually could happen."}, {"start": "00:09:54", "end": "00:09:58", "text": "And I also think too that you know, if"}, {"start": "00:09:56", "end": "00:10:00", "text": "you're if you're a crypto trader, you"}, {"start": "00:09:58", "end": "00:10:02", "text": "might be used to market ideas playing"}, {"start": "00:10:00", "end": "00:10:04", "text": "out over just a few weeks or a few"}, {"start": "00:10:02", "end": "00:10:06", "text": "months, but with gold, this is something"}, {"start": "00:10:04", "end": "00:10:08", "text": "that, you know, it it just kind of sits"}, {"start": "00:10:06", "end": "00:10:13", "text": "in your portfolio for a decade or two"}, {"start": "00:10:08", "end": "00:10:15", "text": "decades or longer and and it tends to do"}, {"start": "00:10:13", "end": "00:10:17", "text": "pretty well over the long term even"}, {"start": "00:10:15", "end": "00:10:19", "text": "though there are periods where it it"}, {"start": "00:10:17", "end": "00:10:22", "text": "doesn't do so well. Now, when you look"}, {"start": "00:10:19", "end": "00:10:25", "text": "at gold divided by the stock market,"}, {"start": "00:10:22", "end": "00:10:27", "text": "what you'll see is that gold has a"}, {"start": "00:10:25", "end": "00:10:29", "text": "rallied or sorry, yeah, gold rallied up"}, {"start": "00:10:27", "end": "00:10:30", "text": "against the stock market and took out"}, {"start": "00:10:29", "end": "00:10:32", "text": "these prior highs, but it actually had a"}, {"start": "00:10:30", "end": "00:10:34", "text": "really large sell-off."}, {"start": "00:10:32", "end": "00:10:36", "text": "Okay?"}, {"start": "00:10:34", "end": "00:10:38", "text": "Now, there are times where this kind of"}, {"start": "00:10:36", "end": "00:10:39", "text": "stuff happens. You get sort of this big"}, {"start": "00:10:38", "end": "00:10:42", "text": "fake out above it and then we come right"}, {"start": "00:10:39", "end": "00:10:44", "text": "back down and then you get another push"}, {"start": "00:10:42", "end": "00:10:46", "text": "back up. We've seen that actually happen"}, {"start": "00:10:44", "end": "00:10:47", "text": "a few times before. Like if you look at"}, {"start": "00:10:46", "end": "00:10:50", "text": "things like Bitcoin dominance and you"}, {"start": "00:10:47", "end": "00:10:52", "text": "look at at, you know, the breakout that"}, {"start": "00:10:50", "end": "00:10:54", "text": "it had right here, right? It sort of had"}, {"start": "00:10:52", "end": "00:10:56", "text": "this this small little breakout and then"}, {"start": "00:10:54", "end": "00:10:58", "text": "it came back down. We've seen that"}, {"start": "00:10:56", "end": "00:11:00", "text": "happen with with many different assets."}, {"start": "00:10:58", "end": "00:11:01", "text": "I think even palladium"}, {"start": "00:11:00", "end": "00:11:04", "text": "did something like that once upon a"}, {"start": "00:11:01", "end": "00:11:07", "text": "time, right? Look at palladium, you can"}, {"start": "00:11:04", "end": "00:11:10", "text": "see how it it broke through and then"}, {"start": "00:11:07", "end": "00:11:13", "text": "after breaking through, it had a sizable"}, {"start": "00:11:10", "end": "00:11:15", "text": "correction, right? It dropped about 20%"}, {"start": "00:11:13", "end": "00:11:19", "text": "and then it really went through. Now,"}, {"start": "00:11:15", "end": "00:11:20", "text": "it's come back down, but you can see how"}, {"start": "00:11:19", "end": "00:11:22", "text": "sometimes after you break through these"}, {"start": "00:11:20", "end": "00:11:25", "text": "levels, it it can in fact come back"}, {"start": "00:11:22", "end": "00:11:27", "text": "down. So, here's the thing."}, {"start": "00:11:25", "end": "00:11:29", "text": "If you go back in history and look at"}, {"start": "00:11:27", "end": "00:11:32", "text": "the times previously where gold sort of"}, {"start": "00:11:29", "end": "00:11:35", "text": "had these moves uh against the stock"}, {"start": "00:11:32", "end": "00:11:36", "text": "market, you can see that well 1973 is an"}, {"start": "00:11:35", "end": "00:11:39", "text": "example."}, {"start": "00:11:36", "end": "00:11:42", "text": "And and the 1960s, 1970s where we broke"}, {"start": "00:11:39", "end": "00:11:43", "text": "through. You can see that and um"}, {"start": "00:11:42", "end": "00:11:45", "text": "you know, you can see how how much it"}, {"start": "00:11:43", "end": "00:11:47", "text": "continued to go up. In 2008, we sort of"}, {"start": "00:11:45", "end": "00:11:49", "text": "broke through this level, oscillated"}, {"start": "00:11:47", "end": "00:11:50", "text": "here for a little, and then continued to"}, {"start": "00:11:49", "end": "00:11:52", "text": "go higher."}, {"start": "00:11:50", "end": "00:11:54", "text": "What I would what I could see happening"}, {"start": "00:11:52", "end": "00:11:57", "text": "is the bleed for gold really slowing"}, {"start": "00:11:54", "end": "00:11:59", "text": "down if not coming to a complete stop in"}, {"start": "00:11:57", "end": "00:12:01", "text": "the next few months, and then gold"}, {"start": "00:11:59", "end": "00:12:04", "text": "starting to recover while stocks then"}, {"start": "00:12:01", "end": "00:12:07", "text": "start to show weakness after the semis"}, {"start": "00:12:04", "end": "00:12:09", "text": "start to to sort of lose the bid for at"}, {"start": "00:12:07", "end": "00:12:11", "text": "least a little while as as cooler"}, {"start": "00:12:09", "end": "00:12:13", "text": "markets prevail going into the end of"}, {"start": "00:12:11", "end": "00:12:15", "text": "the midterm year. Remember, when you"}, {"start": "00:12:13", "end": "00:12:17", "text": "look at the stock market in midterm"}, {"start": "00:12:15", "end": "00:12:19", "text": "years, what you'll see the cadence of"}, {"start": "00:12:17", "end": "00:12:22", "text": "stock markets in midterm years is that"}, {"start": "00:12:19", "end": "00:12:24", "text": "you get a correction by stocks at at the"}, {"start": "00:12:22", "end": "00:12:25", "text": "beginning of the year, and then often"}, {"start": "00:12:24", "end": "00:12:27", "text": "you'll get a correction by stocks at the"}, {"start": "00:12:25", "end": "00:12:30", "text": "end of the year. That's 2014, here's"}, {"start": "00:12:27", "end": "00:12:31", "text": "2018, and then 2022. Right, you'll get"}, {"start": "00:12:30", "end": "00:12:33", "text": "corrections by stocks at the beginning"}, {"start": "00:12:31", "end": "00:12:34", "text": "of the year and the end of the year. And"}, {"start": "00:12:33", "end": "00:12:35", "text": "so, we already got our correction by"}, {"start": "00:12:34", "end": "00:12:37", "text": "stocks at the beginning of the year."}, {"start": "00:12:35", "end": "00:12:39", "text": "We'll likely get one at the end of the"}, {"start": "00:12:37", "end": "00:12:41", "text": "year as well. And so, at least in the"}, {"start": "00:12:39", "end": "00:12:43", "text": "back half of the year. So, if gold were"}, {"start": "00:12:41", "end": "00:12:45", "text": "to bottom out, let's say between June"}, {"start": "00:12:43", "end": "00:12:47", "text": "and October,"}, {"start": "00:12:45", "end": "00:12:49", "text": "and then stocks start to really be or"}, {"start": "00:12:47", "end": "00:12:51", "text": "are weak around that time,"}, {"start": "00:12:49", "end": "00:12:53", "text": "then you would start to see the gold"}, {"start": "00:12:51", "end": "00:12:54", "text": "ratio go up against the stock market."}, {"start": "00:12:53", "end": "00:12:56", "text": "The gold valuation go up against the"}, {"start": "00:12:54", "end": "00:12:57", "text": "stock market"}, {"start": "00:12:56", "end": "00:12:59", "text": "uh during that time."}, {"start": "00:12:57", "end": "00:13:02", "text": "So,"}, {"start": "00:12:59", "end": "00:13:05", "text": "I would argue that it it's possible"}, {"start": "00:13:02", "end": "00:13:08", "text": "that gold could bottom as early as sort"}, {"start": "00:13:05", "end": "00:13:10", "text": "of the June-July time frame. Because on"}, {"start": "00:13:08", "end": "00:13:12", "text": "average, that's what we've seen. Right?"}, {"start": "00:13:10", "end": "00:13:14", "text": "On average, that's where we've seen it"}, {"start": "00:13:12", "end": "00:13:16", "text": "ultimately find a low. We could go"}, {"start": "00:13:14", "end": "00:13:17", "text": "through all the different examples as"}, {"start": "00:13:16", "end": "00:13:19", "text": "well. Uh like we already looked at all"}, {"start": "00:13:17", "end": "00:13:22", "text": "of them through the through through"}, {"start": "00:13:19", "end": "00:13:25", "text": "2006. Here's 2002. You can see it was"}, {"start": "00:13:22", "end": "00:13:26", "text": "more of a bull market back then. 1998,"}, {"start": "00:13:25", "end": "00:13:28", "text": "you can see it found a low in kind of"}, {"start": "00:13:26", "end": "00:13:31", "text": "like late June, early July, and then"}, {"start": "00:13:28", "end": "00:13:32", "text": "just swept that low in October. But I"}, {"start": "00:13:31", "end": "00:13:33", "text": "mean I There wasn't really a great"}, {"start": "00:13:32", "end": "00:13:36", "text": "reason to be bearish on it after that"}, {"start": "00:13:33", "end": "00:13:39", "text": "low just for a sweep of the prior low."}, {"start": "00:13:36", "end": "00:13:43", "text": "And then you can look at 1994."}, {"start": "00:13:39", "end": "00:13:45", "text": "1990. In 1990, gold found a low"}, {"start": "00:13:43", "end": "00:13:46", "text": "late June, early July, and then went"}, {"start": "00:13:45", "end": "00:13:48", "text": "back up. And see, if gold were to do"}, {"start": "00:13:46", "end": "00:13:49", "text": "something like this, if it were like"}, {"start": "00:13:48", "end": "00:13:51", "text": "bottom out in the next few weeks, and"}, {"start": "00:13:49", "end": "00:13:52", "text": "then trend back up at the same time that"}, {"start": "00:13:51", "end": "00:13:54", "text": "maybe the stock market's getting a"}, {"start": "00:13:52", "end": "00:13:56", "text": "correction, that's how you could see"}, {"start": "00:13:54", "end": "00:13:57", "text": "that gold ratio against"}, {"start": "00:13:56", "end": "00:14:00", "text": "uh the gold valuation against um the"}, {"start": "00:13:57", "end": "00:14:02", "text": "stock market really uh"}, {"start": "00:14:00", "end": "00:14:06", "text": "change a lot. Here's what it looks like"}, {"start": "00:14:02", "end": "00:14:07", "text": "in 1986. And in 1982, like in 1982, you"}, {"start": "00:14:06", "end": "00:14:09", "text": "can see gold bottomed out in like late"}, {"start": "00:14:07", "end": "00:14:11", "text": "June, early July, and then had a pretty"}, {"start": "00:14:09", "end": "00:14:13", "text": "nice rally into the end of the year."}, {"start": "00:14:11", "end": "00:14:16", "text": "You can look at 1978."}, {"start": "00:14:13", "end": "00:14:18", "text": "1974. 1974, you can see we bottomed out"}, {"start": "00:14:16", "end": "00:14:20", "text": "like June, July time frame."}, {"start": "00:14:18", "end": "00:14:22", "text": "Uh 1970."}, {"start": "00:14:20", "end": "00:14:25", "text": "Etc."}, {"start": "00:14:22", "end": "00:14:26", "text": "So,"}, {"start": "00:14:25", "end": "00:14:29", "text": "I don't think it makes sense to get"}, {"start": "00:14:26", "end": "00:14:30", "text": "overly concerned about the correction in"}, {"start": "00:14:29", "end": "00:14:33", "text": "gold. I mean,"}, {"start": "00:14:30", "end": "00:14:34", "text": "objectively, last year, we looked at the"}, {"start": "00:14:33", "end": "00:14:36", "text": "market and said, \"Look, gold is due for"}, {"start": "00:14:34", "end": "00:14:39", "text": "a correction. It'll likely happen in the"}, {"start": "00:14:36", "end": "00:14:40", "text": "first half of 2026.\""}, {"start": "00:14:39", "end": "00:14:42", "text": "It could go a little bit beyond that,"}, {"start": "00:14:40", "end": "00:14:43", "text": "but it I don't think it'll go too much"}, {"start": "00:14:42", "end": "00:14:45", "text": "beyond that."}, {"start": "00:14:43", "end": "00:14:48", "text": "The other thing to remember is that for"}, {"start": "00:14:45", "end": "00:14:50", "text": "gold, the bull market support band, as"}, {"start": "00:14:48", "end": "00:14:53", "text": "I've stated previously, is based on the"}, {"start": "00:14:50", "end": "00:14:54", "text": "20-month moving average and the 21-month"}, {"start": "00:14:53", "end": "00:14:55", "text": "EMA."}, {"start": "00:14:54", "end": "00:14:58", "text": "And what you'll notice is that in the"}, {"start": "00:14:55", "end": "00:15:00", "text": "last bull market that gold had, it"}, {"start": "00:14:58", "end": "00:15:02", "text": "basically stayed above that"}, {"start": "00:15:00", "end": "00:15:04", "text": "bull market support band on the monthly"}, {"start": "00:15:02", "end": "00:15:06", "text": "with the exception of the fake out in"}, {"start": "00:15:04", "end": "00:15:09", "text": "2008."}, {"start": "00:15:06", "end": "00:15:11", "text": "You can see in 19 in the 1970s, gold"}, {"start": "00:15:09", "end": "00:15:13", "text": "stayed above that bull market support"}, {"start": "00:15:11", "end": "00:15:15", "text": "band with the exception that of the uh"}, {"start": "00:15:13", "end": "00:15:16", "text": "the drawdown here that we had right"}, {"start": "00:15:15", "end": "00:15:18", "text": "after right after the reces- the"}, {"start": "00:15:16", "end": "00:15:21", "text": "recession in 1974."}, {"start": "00:15:18", "end": "00:15:23", "text": "So, we actually already did drop below"}, {"start": "00:15:21", "end": "00:15:25", "text": "it in 2022."}, {"start": "00:15:23", "end": "00:15:27", "text": "So, I guess what I'm saying is look,"}, {"start": "00:15:25", "end": "00:15:30", "text": "there's a good chance gold will sort of"}, {"start": "00:15:27", "end": "00:15:32", "text": "find support on this bull market support"}, {"start": "00:15:30", "end": "00:15:35", "text": "band, consolidate there, and then"}, {"start": "00:15:32", "end": "00:15:36", "text": "ultimately go up higher into the end of"}, {"start": "00:15:35", "end": "00:15:38", "text": "the decade."}, {"start": "00:15:36", "end": "00:15:40", "text": "That's at least my guess as to what's"}, {"start": "00:15:38", "end": "00:15:42", "text": "going to happen. Some people will ask,"}, {"start": "00:15:40", "end": "00:15:45", "text": "is it possible for gold to put in new"}, {"start": "00:15:42", "end": "00:15:47", "text": "all-time highs this year?"}, {"start": "00:15:45", "end": "00:15:49", "text": "It is possible, but I think the only way"}, {"start": "00:15:47", "end": "00:15:50", "text": "it would happen at this point is if gold"}, {"start": "00:15:49", "end": "00:15:52", "text": "were to bottom within the next few"}, {"start": "00:15:50", "end": "00:15:55", "text": "weeks. If it doesn't bottom within the"}, {"start": "00:15:52", "end": "00:15:57", "text": "next few weeks, instead it goes down"}, {"start": "00:15:55", "end": "00:15:59", "text": "into say like September or October, then"}, {"start": "00:15:57", "end": "00:16:01", "text": "it would be less likely that it would be"}, {"start": "00:15:59", "end": "00:16:04", "text": "putting in new all-time highs this year."}, {"start": "00:16:01", "end": "00:16:06", "text": "But, it's not impossible. For instance,"}, {"start": "00:16:04", "end": "00:16:10", "text": "if you look at 1973, you can see that"}, {"start": "00:16:06", "end": "00:16:12", "text": "gold found a top in June, fell down into"}, {"start": "00:16:10", "end": "00:16:13", "text": "November, and then was putting in new"}, {"start": "00:16:12", "end": "00:16:15", "text": "all-time highs by January. Right? So,"}, {"start": "00:16:13", "end": "00:16:16", "text": "that was only about 7 or 8 months, and"}, {"start": "00:16:15", "end": "00:16:18", "text": "in that correction, gold dropped about"}, {"start": "00:16:16", "end": "00:16:19", "text": "28%, which is what it's down about right"}, {"start": "00:16:18", "end": "00:16:23", "text": "now."}, {"start": "00:16:19", "end": "00:16:26", "text": "In 1974, gold topped in April, dropped,"}, {"start": "00:16:23", "end": "00:16:28", "text": "found a low in July, and then rallied to"}, {"start": "00:16:26", "end": "00:16:32", "text": "new all-time highs by December of that"}, {"start": "00:16:28", "end": "00:16:33", "text": "same year. So, it is possible,"}, {"start": "00:16:32", "end": "00:16:35", "text": "but in order for gold to put in new"}, {"start": "00:16:33", "end": "00:16:37", "text": "all-time highs this year, it would need"}, {"start": "00:16:35", "end": "00:16:38", "text": "to bottom out within the next month. If"}, {"start": "00:16:37", "end": "00:16:40", "text": "it does not bottom out within the next"}, {"start": "00:16:38", "end": "00:16:41", "text": "month, it is very unlikely to put in new"}, {"start": "00:16:40", "end": "00:16:43", "text": "all-time highs. I do think it will"}, {"start": "00:16:41", "end": "00:16:46", "text": "eventually put in new all-time highs in"}, {"start": "00:16:43", "end": "00:16:47", "text": "the 2027-2028 time frame, but if you"}, {"start": "00:16:46", "end": "00:16:49", "text": "want to happen but if you want it to"}, {"start": "00:16:47", "end": "00:16:51", "text": "happen in 2026, we need to see we need"}, {"start": "00:16:49", "end": "00:16:52", "text": "to see gold bottom out relatively soon."}, {"start": "00:16:51", "end": "00:16:54", "text": "So,"}, {"start": "00:16:52", "end": "00:16:57", "text": "those are my views on gold."}, {"start": "00:16:54", "end": "00:16:59", "text": "Structurally, I would remain like I"}, {"start": "00:16:57", "end": "00:17:01", "text": "remain bullish on gold. Uh I think these"}, {"start": "00:16:59", "end": "00:17:04", "text": "consolidation-correction periods in the"}, {"start": "00:17:01", "end": "00:17:05", "text": "mid-term years are a nice reset in the"}, {"start": "00:17:04", "end": "00:17:07", "text": "market, and I think that's essentially"}, {"start": "00:17:05", "end": "00:17:09", "text": "what what gold is experiencing right"}, {"start": "00:17:07", "end": "00:17:10", "text": "now. So, those are my views. Thank you"}, {"start": "00:17:09", "end": "00:17:12", "text": "guys for tuning in. Make sure you"}, {"start": "00:17:10", "end": "00:17:15", "text": "subscribe, give the video thumbs up. I"}, {"start": "00:17:12", "end": "00:17:17", "text": "want to remind people that I am throwing"}, {"start": "00:17:15", "end": "00:17:18", "text": "a conference later this year. If you"}, {"start": "00:17:17", "end": "00:17:19", "text": "want to sign up to get updates for that,"}, {"start": "00:17:18", "end": "00:17:22", "text": "check the link down in the description"}, {"start": "00:17:19", "end": "00:17:23", "text": "below and and you can sign up and get"}, {"start": "00:17:22", "end": "00:17:25", "text": "updates for that conference in case"}, {"start": "00:17:23", "end": "00:17:29", "text": "you're interested in attending. I will"}, {"start": "00:17:25", "end": "00:17:29", "text": "see you guys next time. Bye."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Hey everyone and thanks for jumping back"}, {"start": "00:00:02", "end": "00:00:07", "text": "into the cryptoverse."}, {"start": "00:00:04", "end": "00:00:09", "text": "Today we're going to talk about Bitcoin"}, {"start": "00:00:07", "end": "00:00:13", "text": "and we're going to be discussing the"}, {"start": "00:00:09", "end": "00:00:17", "text": "onchain risk metric and how it can be"}, {"start": "00:00:13", "end": "00:00:19", "text": "useful for accumulating Bitcoin and also"}, {"start": "00:00:17", "end": "00:00:22", "text": "recognizing where we're near euphoric"}, {"start": "00:00:19", "end": "00:00:23", "text": "tops. If you guys like the content, make"}, {"start": "00:00:22", "end": "00:00:25", "text": "sure you subscribe to the channel, give"}, {"start": "00:00:23", "end": "00:00:28", "text": "the video a thumbs up, and also check"}, {"start": "00:00:25", "end": "00:00:31", "text": "out the sale on into the cryptoverse"}, {"start": "00:00:28", "end": "00:00:33", "text": "premium at into the cryptoverse.com."}, {"start": "00:00:31", "end": "00:00:35", "text": "Let's go ahead and jump in. So, I put"}, {"start": "00:00:33", "end": "00:00:36", "text": "out a chart yesterday, a video"}, {"start": "00:00:35", "end": "00:00:38", "text": "yesterday. We've talked about it a"}, {"start": "00:00:36", "end": "00:00:40", "text": "number of times over the years, and the"}, {"start": "00:00:38", "end": "00:00:44", "text": "video was called Bitcoin, a beautiful"}, {"start": "00:00:40", "end": "00:00:47", "text": "chart. And the video discusses this"}, {"start": "00:00:44", "end": "00:00:50", "text": "chart, the Bitcoin percentage of supply"}, {"start": "00:00:47", "end": "00:00:54", "text": "in profit and loss. And the beautiful"}, {"start": "00:00:50", "end": "00:00:57", "text": "thing about this chart is I don't need"}, {"start": "00:00:54", "end": "00:01:01", "text": "to know the news. I don't need to know"}, {"start": "00:00:57", "end": "00:01:05", "text": "any of that stuff. All I want to know is"}, {"start": "00:01:01", "end": "00:01:08", "text": "this cadence that Bitcoin has and how"}, {"start": "00:01:05", "end": "00:01:12", "text": "historically when the Bitcoin percentage"}, {"start": "00:01:08", "end": "00:01:13", "text": "of supply in profit and loss when it"}, {"start": "00:01:12", "end": "00:01:17", "text": "crosses"}, {"start": "00:01:13", "end": "00:01:19", "text": "historically the market bottoms within"}, {"start": "00:01:17", "end": "00:01:21", "text": "about 1 to four months historically"}, {"start": "00:01:19", "end": "00:01:24", "text": "within about 1 to four months if you"}, {"start": "00:01:21", "end": "00:01:26", "text": "look back at every every bare market you"}, {"start": "00:01:24", "end": "00:01:27", "text": "can go look I went through it yesterday"}, {"start": "00:01:26", "end": "00:01:29", "text": "I don't want to I don't want to waste"}, {"start": "00:01:27", "end": "00:01:32", "text": "your time but it It occurs about every 1"}, {"start": "00:01:29", "end": "00:01:34", "text": "to about 1 to 4 months after they cross"}, {"start": "00:01:32", "end": "00:01:37", "text": "within within about that time frame. And"}, {"start": "00:01:34", "end": "00:01:40", "text": "you can see that they have crossed now."}, {"start": "00:01:37", "end": "00:01:43", "text": "And in 2018 when they crossed or yeah in"}, {"start": "00:01:40", "end": "00:01:48", "text": "2018 or maybe it was actually 2022 they"}, {"start": "00:01:43", "end": "00:01:51", "text": "actually crossed um in in June"}, {"start": "00:01:48", "end": "00:01:55", "text": "and then they uncrossed and then they"}, {"start": "00:01:51", "end": "00:01:57", "text": "crossed again later in the year. So, but"}, {"start": "00:01:55", "end": "00:02:00", "text": "historically within about 1 to four"}, {"start": "00:01:57", "end": "00:02:02", "text": "months of crossing, Bitcoin finds the"}, {"start": "00:02:00", "end": "00:02:05", "text": "low for the market cycle, the market"}, {"start": "00:02:02", "end": "00:02:07", "text": "cycle bottom, if you will, from which"}, {"start": "00:02:05", "end": "00:02:11", "text": "point we would measure the next cycle's"}, {"start": "00:02:07", "end": "00:02:13", "text": "returns from that point. Now, this is a"}, {"start": "00:02:11", "end": "00:02:15", "text": "great chart, but one of the cool things"}, {"start": "00:02:13", "end": "00:02:18", "text": "about this these sorts of charts is that"}, {"start": "00:02:15", "end": "00:02:20", "text": "you can you can normalize them, right,"}, {"start": "00:02:18", "end": "00:02:22", "text": "between zero and one and look at prior"}, {"start": "00:02:20", "end": "00:02:23", "text": "performance and get a risk metric. So"}, {"start": "00:02:22", "end": "00:02:26", "text": "it's essentially just kind of taking"}, {"start": "00:02:23", "end": "00:02:30", "text": "this and normalizing it between 0 and"}, {"start": "00:02:26", "end": "00:02:33", "text": "one. And when you do that, you get a"}, {"start": "00:02:30", "end": "00:02:39", "text": "chart that looks like"}, {"start": "00:02:33", "end": "00:02:42", "text": "this. So this is the risk metric for the"}, {"start": "00:02:39", "end": "00:02:45", "text": "percentage of Bitcoin in supply and"}, {"start": "00:02:42", "end": "00:02:49", "text": "loss. Now in this case,"}, {"start": "00:02:45", "end": "00:02:51", "text": "it's no different qualitatively"}, {"start": "00:02:49", "end": "00:02:53", "text": "than this chart. No different"}, {"start": "00:02:51", "end": "00:02:55", "text": "qualitatively."}, {"start": "00:02:53", "end": "00:02:57", "text": "What's different? What's really"}, {"start": "00:02:55", "end": "00:02:59", "text": "different because you can see how"}, {"start": "00:02:57", "end": "00:03:02", "text": "similar these charts are. What's really"}, {"start": "00:02:59", "end": "00:03:05", "text": "different is"}, {"start": "00:03:02", "end": "00:03:08", "text": "other onchain risk metrics. Now, again,"}, {"start": "00:03:05", "end": "00:03:10", "text": "it's not a perfect match to this chart,"}, {"start": "00:03:08", "end": "00:03:12", "text": "right? It's not a perfect match, but it"}, {"start": "00:03:10", "end": "00:03:16", "text": "is relatively close when you normalize"}, {"start": "00:03:12", "end": "00:03:20", "text": "prior data between zero and one. So,"}, {"start": "00:03:16", "end": "00:03:24", "text": "what I wanted to do is talk about other"}, {"start": "00:03:20", "end": "00:03:27", "text": "onchain indicators because this is a"}, {"start": "00:03:24", "end": "00:03:29", "text": "beautiful chart. Make no mistake about"}, {"start": "00:03:27", "end": "00:03:31", "text": "it."}, {"start": "00:03:29", "end": "00:03:32", "text": "And I I had some people say, \"Well, the"}, {"start": "00:03:31", "end": "00:03:34", "text": "thumbnail was a different color than"}, {"start": "00:03:32", "end": "00:03:36", "text": "than the website.\" Well, you can"}, {"start": "00:03:34", "end": "00:03:38", "text": "actually uh change this to light mode."}, {"start": "00:03:36", "end": "00:03:40", "text": "Unfortunately, by by doing that, I"}, {"start": "00:03:38", "end": "00:03:43", "text": "probably blinded a few people, but we'll"}, {"start": "00:03:40", "end": "00:03:45", "text": "switch it back. What's really cool for"}, {"start": "00:03:43", "end": "00:03:48", "text": "Bitcoin is there's a lot of onchain"}, {"start": "00:03:45", "end": "00:03:51", "text": "indicators. The percentage of supply and"}, {"start": "00:03:48", "end": "00:03:55", "text": "profit and loss is just but one onchain"}, {"start": "00:03:51", "end": "00:03:57", "text": "indicator that we can use. And to go"}, {"start": "00:03:55", "end": "00:04:02", "text": "through some of the other ones, we would"}, {"start": "00:03:57", "end": "00:04:04", "text": "be talking about the MVRV Zcore which"}, {"start": "00:04:02", "end": "00:04:06", "text": "looks like this. the risk metric, the"}, {"start": "00:04:04", "end": "00:04:09", "text": "appeal multiple,"}, {"start": "00:04:06", "end": "00:04:13", "text": "the MVRV score,"}, {"start": "00:04:09", "end": "00:04:16", "text": "the minor cap to thermal cap ratio,"}, {"start": "00:04:13", "end": "00:04:18", "text": "transaction fees, the market cap to"}, {"start": "00:04:16", "end": "00:04:21", "text": "thermal cap ratio,"}, {"start": "00:04:18", "end": "00:04:24", "text": "the terminal price,"}, {"start": "00:04:21", "end": "00:04:27", "text": "the R huddle ratio,"}, {"start": "00:04:24", "end": "00:04:31", "text": "and of course supply and profit"}, {"start": "00:04:27", "end": "00:04:33", "text": "and loss. Now, you might look at some of"}, {"start": "00:04:31", "end": "00:04:36", "text": "these and say, \"Well, we didn't actually"}, {"start": "00:04:33", "end": "00:04:38", "text": "go all the way to the top.\" That's a"}, {"start": "00:04:36", "end": "00:04:41", "text": "great observation. This metric does not"}, {"start": "00:04:38", "end": "00:04:44", "text": "promise that you will go all the way to"}, {"start": "00:04:41", "end": "00:04:47", "text": "the top in every bull market. Just like"}, {"start": "00:04:44", "end": "00:04:49", "text": "in 2019, this metric did not go all the"}, {"start": "00:04:47", "end": "00:04:51", "text": "way to the top. And as I've said"}, {"start": "00:04:49", "end": "00:04:53", "text": "previously, the current bull market or"}, {"start": "00:04:51", "end": "00:04:54", "text": "sorry the current the the last bull"}, {"start": "00:04:53", "end": "00:04:57", "text": "market we had for Bitcoin and the"}, {"start": "00:04:54", "end": "00:05:01", "text": "subsequent bare market in terms of the"}, {"start": "00:04:57", "end": "00:05:03", "text": "business cycle most closely align with"}, {"start": "00:05:01", "end": "00:05:06", "text": "what happened in 2019 and 2021 where we"}, {"start": "00:05:03", "end": "00:05:08", "text": "had a Bitcoin rally and during that"}, {"start": "00:05:06", "end": "00:05:11", "text": "Bitcoin rally Bitcoin Bitcoin dominance"}, {"start": "00:05:08", "end": "00:05:12", "text": "went up and then Bitcoin topped two"}, {"start": "00:05:11", "end": "00:05:15", "text": "months before quantitative tightening"}, {"start": "00:05:12", "end": "00:05:17", "text": "ended both in 2019 and 2025 and there"}, {"start": "00:05:15", "end": "00:05:19", "text": "was also no rotation to altcoins and oh"}, {"start": "00:05:17", "end": "00:05:22", "text": "by the We also had three rate cuts in"}, {"start": "00:05:19", "end": "00:05:25", "text": "2020 or in 2019 just like we had three"}, {"start": "00:05:22", "end": "00:05:27", "text": "rate cuts in 2025. So there's a ton of"}, {"start": "00:05:25", "end": "00:05:29", "text": "similarities between them. And I know"}, {"start": "00:05:27", "end": "00:05:31", "text": "some people say, \"Well, it's different.\""}, {"start": "00:05:29", "end": "00:05:32", "text": "But everything's been different, right?"}, {"start": "00:05:31", "end": "00:05:35", "text": "I mean, there's been a lot of"}, {"start": "00:05:32", "end": "00:05:38", "text": "differences this cycle. And so we have"}, {"start": "00:05:35", "end": "00:05:41", "text": "to look when was the last time the MBRVZ"}, {"start": "00:05:38", "end": "00:05:44", "text": "score topped out, you know, around 0.5"}, {"start": "00:05:41", "end": "00:05:46", "text": "to 6 risk and it was in the 2019 bull"}, {"start": "00:05:44", "end": "00:05:48", "text": "market. And as I said previously, you"}, {"start": "00:05:46", "end": "00:05:50", "text": "know, if you look at Bitcoin USD, the"}, {"start": "00:05:48", "end": "00:05:55", "text": "only time, right, the only time that it"}, {"start": "00:05:50", "end": "00:05:58", "text": "had this like apathetic top was in 2019."}, {"start": "00:05:55", "end": "00:06:04", "text": "And furthermore, in that 2019 top, it"}, {"start": "00:05:58", "end": "00:06:06", "text": "was it was there was no rotation into"}, {"start": "00:06:04", "end": "00:06:07", "text": "altcoins, right? No rotation into"}, {"start": "00:06:06", "end": "00:06:09", "text": "altcoins. And that's an important"}, {"start": "00:06:07", "end": "00:06:10", "text": "distinction, right? That's an important"}, {"start": "00:06:09", "end": "00:06:12", "text": "distinction. So, let me load this back"}, {"start": "00:06:10", "end": "00:06:14", "text": "up to see if I can I can get uh total"}, {"start": "00:06:12", "end": "00:06:15", "text": "assets by the Federal Reserve added onto"}, {"start": "00:06:14", "end": "00:06:16", "text": "this chart so you guys can see what I'm"}, {"start": "00:06:15", "end": "00:06:19", "text": "talking about. And I think a lot of you"}, {"start": "00:06:16", "end": "00:06:22", "text": "guys know uh this at this point, but for"}, {"start": "00:06:19", "end": "00:06:25", "text": "the people that are new, you can see how"}, {"start": "00:06:22", "end": "00:06:28", "text": "Bitcoin in 2019 topped right before QT"}, {"start": "00:06:25", "end": "00:06:30", "text": "ended just like in 2025. Bitcoin topped"}, {"start": "00:06:28", "end": "00:06:32", "text": "um right before right around the time"}, {"start": "00:06:30", "end": "00:06:34", "text": "right before QT ended by about two"}, {"start": "00:06:32", "end": "00:06:35", "text": "months or so, right? Bitcoin topped and"}, {"start": "00:06:34", "end": "00:06:38", "text": "then two months later, quantitative"}, {"start": "00:06:35", "end": "00:06:39", "text": "tightening came to an end. there was no"}, {"start": "00:06:38", "end": "00:06:41", "text": "rotation into altcoins and so I think"}, {"start": "00:06:39", "end": "00:06:45", "text": "what Bitcoin is doing right now is"}, {"start": "00:06:41", "end": "00:06:49", "text": "similar to the postappathetic digest"}, {"start": "00:06:45", "end": "00:06:51", "text": "digestion phase in 2019. So, what's"}, {"start": "00:06:49", "end": "00:06:54", "text": "really interesting though is when you"}, {"start": "00:06:51", "end": "00:06:58", "text": "take all of these onchain risk metrics,"}, {"start": "00:06:54", "end": "00:07:01", "text": "right? If you turn them all on,"}, {"start": "00:06:58", "end": "00:07:04", "text": "what I like about it is when you look at"}, {"start": "00:07:01", "end": "00:07:06", "text": "the total onchain risk, it shows you"}, {"start": "00:07:04", "end": "00:07:08", "text": "where we are, right? And when you"}, {"start": "00:07:06", "end": "00:07:10", "text": "include it, when you include everything"}, {"start": "00:07:08", "end": "00:07:13", "text": "on here, the current onchain risk"}, {"start": "00:07:10", "end": "00:07:16", "text": "is.18.1"}, {"start": "00:07:13", "end": "00:07:18", "text": "98. You can see that historically"}, {"start": "00:07:16", "end": "00:07:21", "text": "Bitcoin doesn't spend very much of its"}, {"start": "00:07:18", "end": "00:07:22", "text": "time where the onchain risk is below"}, {"start": "00:07:21", "end": "00:07:24", "text": "0.2."}, {"start": "00:07:22", "end": "00:07:27", "text": "It does happen and historically it"}, {"start": "00:07:24", "end": "00:07:29", "text": "happens in midterm years which is"}, {"start": "00:07:27", "end": "00:07:31", "text": "exactly where we are right now."}, {"start": "00:07:29", "end": "00:07:33", "text": "Sometimes it'll happen in like sort of"}, {"start": "00:07:31", "end": "00:07:35", "text": "late midterm years going into the early"}, {"start": "00:07:33", "end": "00:07:37", "text": "part of the pre-election year, the pre-h"}, {"start": "00:07:35", "end": "00:07:41", "text": "having year but that is the most common"}, {"start": "00:07:37", "end": "00:07:44", "text": "time it occurs is in midterm years. And"}, {"start": "00:07:41", "end": "00:07:47", "text": "you can see that this time has not been"}, {"start": "00:07:44", "end": "00:07:50", "text": "different. And so what I would be"}, {"start": "00:07:47", "end": "00:07:52", "text": "looking at with this indicator is to"}, {"start": "00:07:50", "end": "00:07:54", "text": "have it carve out a low. You see how"}, {"start": "00:07:52", "end": "00:07:57", "text": "every bare market this thing carves out"}, {"start": "00:07:54", "end": "00:08:00", "text": "a low that lasts for a few months. Look"}, {"start": "00:07:57", "end": "00:08:03", "text": "for it to carve out a low before the end"}, {"start": "00:08:00", "end": "00:08:06", "text": "of the year and then ideally that then"}, {"start": "00:08:03", "end": "00:08:09", "text": "sets us up for the next bull market."}, {"start": "00:08:06", "end": "00:08:11", "text": "Now, I think the onchain risk is a great"}, {"start": "00:08:09", "end": "00:08:14", "text": "provides great insight into what's going"}, {"start": "00:08:11", "end": "00:08:16", "text": "on because I can look at this chart and"}, {"start": "00:08:14", "end": "00:08:18", "text": "I just simply don't need to know what"}, {"start": "00:08:16", "end": "00:08:19", "text": "the news is. I don't need to know about"}, {"start": "00:08:18", "end": "00:08:21", "text": "what geopolitical conflicts are"}, {"start": "00:08:19", "end": "00:08:23", "text": "happening. I don't need to know, you"}, {"start": "00:08:21", "end": "00:08:26", "text": "know, what the inflation rate is or or"}, {"start": "00:08:23", "end": "00:08:28", "text": "where initial claims are or what the"}, {"start": "00:08:26", "end": "00:08:31", "text": "president said about Bitcoin last"}, {"start": "00:08:28", "end": "00:08:34", "text": "Tuesday. All I want to know as more of"}, {"start": "00:08:31", "end": "00:08:37", "text": "like a a macro investor is the time"}, {"start": "00:08:34", "end": "00:08:40", "text": "historically to accumulate Bitcoin is as"}, {"start": "00:08:37", "end": "00:08:42", "text": "the onchain risk carves out these lows."}, {"start": "00:08:40", "end": "00:08:44", "text": "And you can see it looks like that's"}, {"start": "00:08:42", "end": "00:08:46", "text": "what Bitcoin is headed to do. Like it"}, {"start": "00:08:44", "end": "00:08:48", "text": "looks like that is what we're kind of in"}, {"start": "00:08:46", "end": "00:08:51", "text": "the process of beginning right now. And"}, {"start": "00:08:48", "end": "00:08:54", "text": "so in sort of confluence with my other"}, {"start": "00:08:51", "end": "00:08:56", "text": "video that I published about a week ago"}, {"start": "00:08:54", "end": "00:08:58", "text": "where I said that Bitcoin is now in the"}, {"start": "00:08:56", "end": "00:09:01", "text": "third and final stage of the bare"}, {"start": "00:08:58", "end": "00:09:04", "text": "market, I think that this chart supports"}, {"start": "00:09:01", "end": "00:09:06", "text": "that. I think this clearly shows that we"}, {"start": "00:09:04", "end": "00:09:08", "text": "are likely in the third and final stage"}, {"start": "00:09:06", "end": "00:09:12", "text": "of the bare market and that we should"}, {"start": "00:09:08", "end": "00:09:14", "text": "expect Bitcoin probably to bottom out uh"}, {"start": "00:09:12", "end": "00:09:16", "text": "this year. Right? I think it'll happen"}, {"start": "00:09:14", "end": "00:09:18", "text": "this year. Obviously, I've mentioned"}, {"start": "00:09:16", "end": "00:09:20", "text": "October a number of times, and I think"}, {"start": "00:09:18", "end": "00:09:22", "text": "that's the most likely month, but of"}, {"start": "00:09:20", "end": "00:09:25", "text": "course, it could happen at any moment."}, {"start": "00:09:22", "end": "00:09:29", "text": "And right now, I'm operating under what"}, {"start": "00:09:25", "end": "00:09:31", "text": "I called timebased capitulation, but I"}, {"start": "00:09:29", "end": "00:09:33", "text": "would be willing to pivot to price-based"}, {"start": "00:09:31", "end": "00:09:36", "text": "capitulation if something like that were"}, {"start": "00:09:33", "end": "00:09:38", "text": "to happen. So, I will continue to use"}, {"start": "00:09:36", "end": "00:09:40", "text": "the onchain risk metric. We've had this"}, {"start": "00:09:38", "end": "00:09:43", "text": "published for several years now and it's"}, {"start": "00:09:40", "end": "00:09:45", "text": "done a pretty good job of of identifying"}, {"start": "00:09:43", "end": "00:09:47", "text": "the lows and and the highs, especially"}, {"start": "00:09:45", "end": "00:09:49", "text": "when you have euphoric highs. And"}, {"start": "00:09:47", "end": "00:09:50", "text": "hopefully it'll be useful in in the next"}, {"start": "00:09:49", "end": "00:09:52", "text": "bull market, right? And and maybe in the"}, {"start": "00:09:50", "end": "00:09:54", "text": "next bull market, we'll have a more"}, {"start": "00:09:52", "end": "00:09:56", "text": "euphoric top because the argument is if"}, {"start": "00:09:54", "end": "00:09:58", "text": "this whole move that we just had was"}, {"start": "00:09:56", "end": "00:10:00", "text": "sort of the 2019 and we're kind of in"}, {"start": "00:09:58", "end": "00:10:03", "text": "that post209 top going into early 2020"}, {"start": "00:10:00", "end": "00:10:06", "text": "digestion phase, then what comes after"}, {"start": "00:10:03", "end": "00:10:08", "text": "this bare market could in fact be a more"}, {"start": "00:10:06", "end": "00:10:10", "text": "euphoric one. So, we'll see if that"}, {"start": "00:10:08", "end": "00:10:11", "text": "happens. If you guys want access to this"}, {"start": "00:10:10", "end": "00:10:14", "text": "risk metric, again, you can check that"}, {"start": "00:10:11", "end": "00:10:16", "text": "out at into the cryptoverse.com."}, {"start": "00:10:14", "end": "00:10:17", "text": "The sale is still going on. Make sure"}, {"start": "00:10:16", "end": "00:10:18", "text": "you guys check that out. Lock and low"}, {"start": "00:10:17", "end": "00:10:20", "text": "rate. Thank you guys for tuning in."}, {"start": "00:10:18", "end": "00:10:21", "text": "Subscribe. Give the video a thumbs up."}, {"start": "00:10:20", "end": "00:10:23", "text": "Again, appreciate everyone for"}, {"start": "00:10:21", "end": "00:10:24", "text": "subscribing and getting me to a million"}, {"start": "00:10:23", "end": "00:10:27", "text": "subscribers. And I'll see you guys next"}, {"start": "00:10:24", "end": "00:10:27", "text": "time. Bye."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Hey everyone and thanks for jumping back"}, {"start": "00:00:02", "end": "00:00:06", "text": "into the cryptoverse."}, {"start": "00:00:04", "end": "00:00:08", "text": "Today, we're going to talk about Bitcoin"}, {"start": "00:00:06", "end": "00:00:10", "text": "and we're going to be discussing the"}, {"start": "00:00:08", "end": "00:00:12", "text": "realized price. If you guys like the"}, {"start": "00:00:10", "end": "00:00:14", "text": "content, make sure you subscribe to the"}, {"start": "00:00:12", "end": "00:00:15", "text": "channel, give the video a thumbs up, and"}, {"start": "00:00:14", "end": "00:00:17", "text": "also check out the sale on"}, {"start": "00:00:15", "end": "00:00:19", "text": "IntoTheCryptoverse Premium at"}, {"start": "00:00:17", "end": "00:00:21", "text": "intothecryptoverse.com where you can of"}, {"start": "00:00:19", "end": "00:00:22", "text": "course get access to these indicators"}, {"start": "00:00:21", "end": "00:00:24", "text": "that we're talking about."}, {"start": "00:00:22", "end": "00:00:27", "text": "In this video, we're going to be"}, {"start": "00:00:24", "end": "00:00:29", "text": "discussing the realized price for"}, {"start": "00:00:27", "end": "00:00:30", "text": "Bitcoin. Now, I understand that some of"}, {"start": "00:00:29", "end": "00:00:32", "text": "these"}, {"start": "00:00:30", "end": "00:00:34", "text": "on-chain metrics are not always the"}, {"start": "00:00:32", "end": "00:00:37", "text": "easiest to understand, but to break this"}, {"start": "00:00:34", "end": "00:00:39", "text": "one down, the realized price is"}, {"start": "00:00:37", "end": "00:00:42", "text": "essentially just equivalent to the"}, {"start": "00:00:39", "end": "00:00:43", "text": "realized cap, right? Like the realized"}, {"start": "00:00:42", "end": "00:00:45", "text": "um"}, {"start": "00:00:43", "end": "00:00:47", "text": "cap of Bitcoin divided by the"}, {"start": "00:00:45", "end": "00:00:48", "text": "circulating supply. Now, you might say,"}, {"start": "00:00:47", "end": "00:00:50", "text": "\"Well, okay, you get this you understand"}, {"start": "00:00:48", "end": "00:00:53", "text": "the circulating supply, but what is the"}, {"start": "00:00:50", "end": "00:00:56", "text": "realized cap?\" The realized cap is is"}, {"start": "00:00:53", "end": "00:00:58", "text": "basically looking at the aggregate of"}, {"start": "00:00:56", "end": "00:01:00", "text": "what Bitcoin was trading at when those"}, {"start": "00:00:58", "end": "00:01:02", "text": "coins were acquired. That's all it is."}, {"start": "00:01:00", "end": "00:01:04", "text": "So, fairly straightforward. You just"}, {"start": "00:01:02", "end": "00:01:06", "text": "take the realized cap divided by the"}, {"start": "00:01:04", "end": "00:01:08", "text": "circulating supply and you get the"}, {"start": "00:01:06", "end": "00:01:10", "text": "realized price. Why do we care about the"}, {"start": "00:01:08", "end": "00:01:12", "text": "realized price?"}, {"start": "00:01:10", "end": "00:01:13", "text": "The realized price is this green line."}, {"start": "00:01:12", "end": "00:01:15", "text": "And what you'll notice is that"}, {"start": "00:01:13", "end": "00:01:17", "text": "throughout all these bear markets,"}, {"start": "00:01:15", "end": "00:01:19", "text": "Bitcoin has historically gone below the"}, {"start": "00:01:17", "end": "00:01:21", "text": "realized price before the market cycle"}, {"start": "00:01:19", "end": "00:01:23", "text": "bottom was in. Okay? You can see that it"}, {"start": "00:01:21", "end": "00:01:27", "text": "did that in 2011."}, {"start": "00:01:23", "end": "00:01:30", "text": "Um it it did it in 2014, 2015. It also"}, {"start": "00:01:27", "end": "00:01:33", "text": "did it in 20 2018. It even did it in"}, {"start": "00:01:30", "end": "00:01:36", "text": "2020. Um and and you know, Bitcoin has"}, {"start": "00:01:33", "end": "00:01:38", "text": "fallen a lot, but it hasn't quite gotten"}, {"start": "00:01:36", "end": "00:01:40", "text": "below the realized price. So,"}, {"start": "00:01:38", "end": "00:01:41", "text": "this is just one metric. There's other"}, {"start": "00:01:40", "end": "00:01:43", "text": "metrics as well. Obviously, there's the"}, {"start": "00:01:41", "end": "00:01:46", "text": "balanced price, which is even lower than"}, {"start": "00:01:43", "end": "00:01:48", "text": "the realized price, but historically,"}, {"start": "00:01:46", "end": "00:01:50", "text": "Bitcoin has gone below the realized"}, {"start": "00:01:48", "end": "00:01:53", "text": "price"}, {"start": "00:01:50", "end": "00:01:56", "text": "in bear markets. And right now, the"}, {"start": "00:01:53", "end": "00:01:58", "text": "realized price is around 53 to 54k. Now,"}, {"start": "00:01:56", "end": "00:01:59", "text": "I understand that if Bitcoin were to go"}, {"start": "00:01:58", "end": "00:02:01", "text": "to those levels, it would break some"}, {"start": "00:01:59", "end": "00:02:04", "text": "models. But as I've said previously, all"}, {"start": "00:02:01", "end": "00:02:06", "text": "models are wrong, some are useful. So,"}, {"start": "00:02:04", "end": "00:02:10", "text": "we'll see if it goes there, but again,"}, {"start": "00:02:06", "end": "00:02:12", "text": "the realized price is around 53 to 54k."}, {"start": "00:02:10", "end": "00:02:13", "text": "Historically, we go below the realized"}, {"start": "00:02:12", "end": "00:02:15", "text": "price"}, {"start": "00:02:13", "end": "00:02:17", "text": "near the end of bear markets. And now"}, {"start": "00:02:15", "end": "00:02:18", "text": "that we're getting into, you know, we're"}, {"start": "00:02:17", "end": "00:02:20", "text": "we're in June, we're getting close to"}, {"start": "00:02:18", "end": "00:02:22", "text": "that second half of the midterm year, we"}, {"start": "00:02:20", "end": "00:02:24", "text": "have to be aware that this is a a"}, {"start": "00:02:22", "end": "00:02:26", "text": "possible outcome. And one of the things"}, {"start": "00:02:24", "end": "00:02:28", "text": "we can do is we can look at the price of"}, {"start": "00:02:26", "end": "00:02:30", "text": "Bitcoin divided by the realized price,"}, {"start": "00:02:28", "end": "00:02:31", "text": "and you can see this line here is at"}, {"start": "00:02:30", "end": "00:02:34", "text": "one, so when the green line goes below"}, {"start": "00:02:31", "end": "00:02:37", "text": "that level, Bitcoin is below the"}, {"start": "00:02:34", "end": "00:02:38", "text": "realized price. We're not quite below it"}, {"start": "00:02:37", "end": "00:02:41", "text": "just yet, right? We're not quite below"}, {"start": "00:02:38", "end": "00:02:42", "text": "it just yet. And this would also align"}, {"start": "00:02:41", "end": "00:02:44", "text": "with the idea that, you know, when the"}, {"start": "00:02:42", "end": "00:02:47", "text": "supply of Bitcoin in profit and loss"}, {"start": "00:02:44", "end": "00:02:49", "text": "crosses, it means the low is near, but"}, {"start": "00:02:47", "end": "00:02:52", "text": "historically the low occurs within about"}, {"start": "00:02:49", "end": "00:02:55", "text": "1 to 4 months. So, the cadence of this"}, {"start": "00:02:52", "end": "00:02:57", "text": "chart also looks somewhat promising. And"}, {"start": "00:02:55", "end": "00:03:00", "text": "and if we do see Bitcoin go below the"}, {"start": "00:02:57", "end": "00:03:02", "text": "realized price, historically, we don't"}, {"start": "00:03:00", "end": "00:03:03", "text": "spend that much time down there, right?"}, {"start": "00:03:02", "end": "00:03:05", "text": "Like it's not like we we spend that much"}, {"start": "00:03:03", "end": "00:03:07", "text": "time below the realized price."}, {"start": "00:03:05", "end": "00:03:09", "text": "So, we'll see if this plays out like it"}, {"start": "00:03:07", "end": "00:03:11", "text": "always has, but you can kind of see what"}, {"start": "00:03:09", "end": "00:03:13", "text": "I'm looking at, and I know some people"}, {"start": "00:03:11", "end": "00:03:14", "text": "get frustrated when I talk about this"}, {"start": "00:03:13", "end": "00:03:16", "text": "stuff cuz everyone just wants the market"}, {"start": "00:03:14", "end": "00:03:18", "text": "to bottom and start heading higher, but"}, {"start": "00:03:16", "end": "00:03:20", "text": "remember, I'm just presenting the data"}, {"start": "00:03:18", "end": "00:03:22", "text": "as I see it. I don't control what the"}, {"start": "00:03:20", "end": "00:03:25", "text": "data is, and I just think it's my"}, {"start": "00:03:22", "end": "00:03:28", "text": "responsibility to to tell you guys uh"}, {"start": "00:03:25", "end": "00:03:29", "text": "and and to present it to you whether,"}, {"start": "00:03:28", "end": "00:03:31", "text": "you know, whether you like it or not."}, {"start": "00:03:29", "end": "00:03:33", "text": "Now again, I there's a lot of models"}, {"start": "00:03:31", "end": "00:03:35", "text": "that would say that 60k is the low, and"}, {"start": "00:03:33", "end": "00:03:37", "text": "and that we won't go lower, but"}, {"start": "00:03:35", "end": "00:03:39", "text": "you know, those are are certainly more"}, {"start": "00:03:37", "end": "00:03:41", "text": "optimistic models. One of the things"}, {"start": "00:03:39", "end": "00:03:42", "text": "that is making this bear market so hard"}, {"start": "00:03:41", "end": "00:03:43", "text": "is that a lot of the models kind of"}, {"start": "00:03:42", "end": "00:03:45", "text": "disagree. Like some things say the low"}, {"start": "00:03:43", "end": "00:03:47", "text": "is in, and then there's others that say"}, {"start": "00:03:45", "end": "00:03:49", "text": "it's not. And the terminal price is one"}, {"start": "00:03:47", "end": "00:03:51", "text": "that would in fact argue that it is in"}, {"start": "00:03:49", "end": "00:03:53", "text": "fact not in. And remember, if Bitcoin"}, {"start": "00:03:51", "end": "00:03:55", "text": "does bottom out later this year, like it"}, {"start": "00:03:53", "end": "00:03:57", "text": "normally does in mid-term years, all"}, {"start": "00:03:55", "end": "00:04:00", "text": "this stuff could align and it could look"}, {"start": "00:03:57", "end": "00:04:02", "text": "very similar to the end of all prior"}, {"start": "00:04:00", "end": "00:04:03", "text": "mid-term years. If you guys like the"}, {"start": "00:04:02", "end": "00:04:05", "text": "content, make sure you subscribe to the"}, {"start": "00:04:03", "end": "00:04:06", "text": "channel, give the video a thumbs up, and"}, {"start": "00:04:05", "end": "00:04:08", "text": "again, check out the sale on"}, {"start": "00:04:06", "end": "00:04:10", "text": "IntoTheCryptoverse Premium at"}, {"start": "00:04:08", "end": "00:04:11", "text": "IntoTheCryptoverse.com."}, {"start": "00:04:10", "end": "00:04:14", "text": "Thank you guys for tuning in and I'll"}, {"start": "00:04:11", "end": "00:04:14", "text": "see you next time. All right."}]

[{"start": "00:00:01", "end": "00:00:05", "text": "Hey everyone and thanks for jumping back"}, {"start": "00:00:02", "end": "00:00:08", "text": "into the cryptoverse."}, {"start": "00:00:05", "end": "00:00:11", "text": "Today we're going to talk about Bitcoin."}, {"start": "00:00:08", "end": "00:00:12", "text": "A beautiful chart. If you guys like the"}, {"start": "00:00:11", "end": "00:00:14", "text": "content, make sure you subscribe to the"}, {"start": "00:00:12", "end": "00:00:16", "text": "channel, give the video a thumbs up, and"}, {"start": "00:00:14", "end": "00:00:18", "text": "also check out the sale on into the"}, {"start": "00:00:16", "end": "00:00:20", "text": "cryptoverse premium at into the"}, {"start": "00:00:18", "end": "00:00:21", "text": "cryptoverse.com."}, {"start": "00:00:20", "end": "00:00:23", "text": "Link is in the description below. And"}, {"start": "00:00:21", "end": "00:00:26", "text": "again, we are ending that sale uh very,"}, {"start": "00:00:23", "end": "00:00:31", "text": "very soon. Let's go ahead and jump in."}, {"start": "00:00:26", "end": "00:00:36", "text": "So, this has got to be one of the most"}, {"start": "00:00:31", "end": "00:00:39", "text": "aesthetically pleasing charts that exist"}, {"start": "00:00:36", "end": "00:00:41", "text": "in the cryptoverse. One of the most, if"}, {"start": "00:00:39", "end": "00:00:45", "text": "not the most aesthetically pleasing"}, {"start": "00:00:41", "end": "00:00:48", "text": "chart. There is a lot to be understood"}, {"start": "00:00:45", "end": "00:00:52", "text": "by looking at this chart."}, {"start": "00:00:48", "end": "00:00:55", "text": "The top line here is the percentage of"}, {"start": "00:00:52", "end": "00:00:58", "text": "supply in profit. So, in a bull market,"}, {"start": "00:00:55", "end": "00:00:59", "text": "it will go up to 100%. Right? So, when"}, {"start": "00:00:58", "end": "00:01:03", "text": "Bitcoin is pushing in new all-time"}, {"start": "00:00:59", "end": "00:01:05", "text": "highs, then 100% of the supply is in"}, {"start": "00:01:03", "end": "00:01:07", "text": "profit. What you'll notice is that when"}, {"start": "00:01:05", "end": "00:01:10", "text": "Bitcoin is in a bull market and it hits"}, {"start": "00:01:07", "end": "00:01:11", "text": "100%, it tends to stay in a bull market"}, {"start": "00:01:10", "end": "00:01:14", "text": "for a while, right? It doesn't just hit"}, {"start": "00:01:11", "end": "00:01:16", "text": "it once and then stop. It tends to stay"}, {"start": "00:01:14", "end": "00:01:18", "text": "there. And that's why momentum is an"}, {"start": "00:01:16", "end": "00:01:21", "text": "important indicator. It's an important"}, {"start": "00:01:18", "end": "00:01:23", "text": "technical to follow. I don't believe in"}, {"start": "00:01:21", "end": "00:01:25", "text": "a lot of forms of TA like heads and"}, {"start": "00:01:23", "end": "00:01:27", "text": "shoulders,"}, {"start": "00:01:25", "end": "00:01:29", "text": "knees and toes, right? That that stuff"}, {"start": "00:01:27", "end": "00:01:31", "text": "doesn't really mean a whole lot to me."}, {"start": "00:01:29", "end": "00:01:33", "text": "But momentum means a lot. And a lot of"}, {"start": "00:01:31", "end": "00:01:35", "text": "times all-time highs lead to all-time"}, {"start": "00:01:33", "end": "00:01:37", "text": "highs. And so when Bitcoin does go to"}, {"start": "00:01:35", "end": "00:01:39", "text": "all-time highs, it then continues to"}, {"start": "00:01:37", "end": "00:01:41", "text": "likely put in all-time highs for a"}, {"start": "00:01:39", "end": "00:01:43", "text": "while. And you can see that very"}, {"start": "00:01:41", "end": "00:01:44", "text": "clearly. But the reverse is also true."}, {"start": "00:01:43", "end": "00:01:48", "text": "when Bitcoin kind of goes into these"}, {"start": "00:01:44", "end": "00:01:51", "text": "bare markets, it can, you know, it can"}, {"start": "00:01:48", "end": "00:01:54", "text": "go longer than a lot of people think."}, {"start": "00:01:51", "end": "00:01:57", "text": "And if you if we kind of hide the the pl"}, {"start": "00:01:54", "end": "00:02:01", "text": "the supply and profit chart and you look"}, {"start": "00:01:57", "end": "00:02:04", "text": "at this chart, you can see where it it"}, {"start": "00:02:01", "end": "00:02:09", "text": "historically goes to. So we are at a"}, {"start": "00:02:04", "end": "00:02:12", "text": "point now where they have crossed and so"}, {"start": "00:02:09", "end": "00:02:15", "text": "because they have crossed we should now"}, {"start": "00:02:12", "end": "00:02:17", "text": "be open-minded to a market cycle low"}, {"start": "00:02:15", "end": "00:02:20", "text": "forming. And what I said at the"}, {"start": "00:02:17", "end": "00:02:21", "text": "beginning of this year is basically"}, {"start": "00:02:20", "end": "00:02:23", "text": "ignore Bitcoin for the first half of the"}, {"start": "00:02:21", "end": "00:02:25", "text": "year because likely all rallies will be"}, {"start": "00:02:23", "end": "00:02:26", "text": "faded and they they likely will just"}, {"start": "00:02:25", "end": "00:02:28", "text": "simply be counter trend rallies that"}, {"start": "00:02:26", "end": "00:02:31", "text": "lead to lower highs before another lower"}, {"start": "00:02:28", "end": "00:02:33", "text": "low comes. But we looked at this chart"}, {"start": "00:02:31", "end": "00:02:35", "text": "and we made a very clear assessment. We"}, {"start": "00:02:33", "end": "00:02:37", "text": "said that until these lines cross,"}, {"start": "00:02:35", "end": "00:02:39", "text": "there's no reason to call for market"}, {"start": "00:02:37", "end": "00:02:41", "text": "cycle bottoms. Doesn't matter how"}, {"start": "00:02:39", "end": "00:02:44", "text": "euphoric the rallies get to the upside,"}, {"start": "00:02:41", "end": "00:02:47", "text": "no reason to call for it. Because as you"}, {"start": "00:02:44", "end": "00:02:50", "text": "can see in every cycle, the market cycle"}, {"start": "00:02:47", "end": "00:02:52", "text": "bottom did not occur until after the"}, {"start": "00:02:50", "end": "00:02:55", "text": "supply of Bitcoin and profit or loss"}, {"start": "00:02:52", "end": "00:02:57", "text": "crossed. It did not occur until after"}, {"start": "00:02:55", "end": "00:03:00", "text": "they crossed."}, {"start": "00:02:57", "end": "00:03:02", "text": "You can see in 2011 they crossed in"}, {"start": "00:03:00", "end": "00:03:05", "text": "September 28th. The market cycle low"}, {"start": "00:03:02", "end": "00:03:06", "text": "occurred um on the daily time frame. It"}, {"start": "00:03:05", "end": "00:03:11", "text": "didn't occur till like the very end of"}, {"start": "00:03:06", "end": "00:03:13", "text": "that year. So a few months later in 2014"}, {"start": "00:03:11", "end": "00:03:16", "text": "they crossed in September and then the"}, {"start": "00:03:13", "end": "00:03:20", "text": "market cycle low was in January. So"}, {"start": "00:03:16", "end": "00:03:23", "text": "about 3 to four months later. In 2018"}, {"start": "00:03:20", "end": "00:03:24", "text": "they crossed in November and then the"}, {"start": "00:03:23", "end": "00:03:28", "text": "market cycle low was about a month later"}, {"start": "00:03:24", "end": "00:03:32", "text": "in December. And in 2022, you can see"}, {"start": "00:03:28", "end": "00:03:34", "text": "they first crossed in June or sorry,"}, {"start": "00:03:32", "end": "00:03:35", "text": "yeah, they first crossed in June, which"}, {"start": "00:03:34", "end": "00:03:37", "text": "is kind of where we are right now. Uh"}, {"start": "00:03:35", "end": "00:03:39", "text": "only briefly, and then they crossed"}, {"start": "00:03:37", "end": "00:03:42", "text": "again in September and then the the"}, {"start": "00:03:39", "end": "00:03:44", "text": "market cycle low was in November. So, we"}, {"start": "00:03:42", "end": "00:03:47", "text": "have now seen them cross. And you know,"}, {"start": "00:03:44", "end": "00:03:48", "text": "usually when they cross, the low's not"}, {"start": "00:03:47", "end": "00:03:50", "text": "immediately in like that's never"}, {"start": "00:03:48", "end": "00:03:51", "text": "happened before. I'm not saying it"}, {"start": "00:03:50", "end": "00:03:53", "text": "can't, but it's never happened before."}, {"start": "00:03:51", "end": "00:03:57", "text": "Usually the month though, usually the"}, {"start": "00:03:53", "end": "00:04:00", "text": "low occurs within about one to three to"}, {"start": "00:03:57", "end": "00:04:02", "text": "like one to four months. Okay. So that"}, {"start": "00:04:00", "end": "00:04:05", "text": "could be anywhere between say like now"}, {"start": "00:04:02", "end": "00:04:09", "text": "and July, August, September,"}, {"start": "00:04:05", "end": "00:04:12", "text": "October, who knew, right? So I would say"}, {"start": "00:04:09", "end": "00:04:14", "text": "somewhere in that ballpark is going to"}, {"start": "00:04:12", "end": "00:04:15", "text": "be the market cycle bottom. It's usually"}, {"start": "00:04:14", "end": "00:04:17", "text": "not right when they cross. And if we do"}, {"start": "00:04:15", "end": "00:04:20", "text": "see it uncross for a while, it would"}, {"start": "00:04:17", "end": "00:04:21", "text": "likely be like what it did in 2022 where"}, {"start": "00:04:20", "end": "00:04:23", "text": "then they probably cross again as we get"}, {"start": "00:04:21", "end": "00:04:27", "text": "in sort of that September, like August,"}, {"start": "00:04:23", "end": "00:04:31", "text": "September time frame. But again, is this"}, {"start": "00:04:27", "end": "00:04:34", "text": "cadence not remarkable? Think about how"}, {"start": "00:04:31", "end": "00:04:35", "text": "many narratives have existed justify"}, {"start": "00:04:34", "end": "00:04:37", "text": "certain price action both to the upside"}, {"start": "00:04:35", "end": "00:04:38", "text": "and the downside. And then you look at"}, {"start": "00:04:37", "end": "00:04:41", "text": "this chart and you're just like, you"}, {"start": "00:04:38", "end": "00:04:43", "text": "know what? None of it matters, right?"}, {"start": "00:04:41", "end": "00:04:45", "text": "None of the narratives matter. This"}, {"start": "00:04:43", "end": "00:04:48", "text": "chart tells you everything you need to"}, {"start": "00:04:45", "end": "00:04:50", "text": "know for the most part. I mean, could it"}, {"start": "00:04:48", "end": "00:04:52", "text": "break at some point?"}, {"start": "00:04:50", "end": "00:04:54", "text": "Yeah."}, {"start": "00:04:52", "end": "00:04:57", "text": "But look at it, you know, look at it. It"}, {"start": "00:04:54", "end": "00:04:59", "text": "is"}, {"start": "00:04:57", "end": "00:05:02", "text": "It's remarkable, right? It really is."}, {"start": "00:04:59", "end": "00:05:05", "text": "And some of the times like you know the"}, {"start": "00:05:02", "end": "00:05:08", "text": "argument is if all you ever did was DCA"}, {"start": "00:05:05", "end": "00:05:10", "text": "Bitcoin when these things flipped and"}, {"start": "00:05:08", "end": "00:05:12", "text": "just DCA for 3 to 4 months then you"}, {"start": "00:05:10", "end": "00:05:15", "text": "could go enjoy the three years that came"}, {"start": "00:05:12", "end": "00:05:18", "text": "after that as we go back into the bull"}, {"start": "00:05:15", "end": "00:05:20", "text": "market. So I would be looking for that."}, {"start": "00:05:18", "end": "00:05:22", "text": "Now I'm sure someone's going to ask"}, {"start": "00:05:20", "end": "00:05:24", "text": "about it. So you know could we argue"}, {"start": "00:05:22", "end": "00:05:27", "text": "that there's sort of like a trend line"}, {"start": "00:05:24", "end": "00:05:28", "text": "heading down here and maybe we're closer"}, {"start": "00:05:27", "end": "00:05:30", "text": "than we think? I think if you connect"}, {"start": "00:05:28", "end": "00:05:32", "text": "the dots, you can see we already broke"}, {"start": "00:05:30", "end": "00:05:34", "text": "through it. Also over here, it ended up"}, {"start": "00:05:32", "end": "00:05:36", "text": "going higher. So, I would I would just"}, {"start": "00:05:34", "end": "00:05:40", "text": "say like look at the range that it's"}, {"start": "00:05:36", "end": "00:05:44", "text": "gone up to. Um, and you know, last cycle"}, {"start": "00:05:40", "end": "00:05:48", "text": "it went all the way up to around supply"}, {"start": "00:05:44", "end": "00:05:51", "text": "and loss was around 55%. Currently, it's"}, {"start": "00:05:48", "end": "00:05:53", "text": "around 51. Okay. Cycle before that it"}, {"start": "00:05:51", "end": "00:05:55", "text": "went to"}, {"start": "00:05:53", "end": "00:05:58", "text": "60."}, {"start": "00:05:55", "end": "00:06:02", "text": "cycle before that it went to"}, {"start": "00:05:58", "end": "00:06:05", "text": "64 and you know the one in 2011 went all"}, {"start": "00:06:02", "end": "00:06:08", "text": "the way up to around"}, {"start": "00:06:05", "end": "00:06:10", "text": "54."}, {"start": "00:06:08", "end": "00:06:12", "text": "So I wouldn't get too greedy here. You"}, {"start": "00:06:10", "end": "00:06:14", "text": "know, usually the right strategy is to"}, {"start": "00:06:12", "end": "00:06:17", "text": "start dcaing Bitcoin"}, {"start": "00:06:14", "end": "00:06:19", "text": "after the June low and and just being"}, {"start": "00:06:17", "end": "00:06:21", "text": "aware that, okay, the market might wreck"}, {"start": "00:06:19", "end": "00:06:24", "text": "you in Q4, but as long as you're okay"}, {"start": "00:06:21", "end": "00:06:26", "text": "getting wrecked uh by the market, which"}, {"start": "00:06:24", "end": "00:06:27", "text": "you should be if you're in crypto, uh"}, {"start": "00:06:26", "end": "00:06:29", "text": "then it's not really that big of a deal."}, {"start": "00:06:27", "end": "00:06:31", "text": "I mean, you know, I bought Bitcoin over"}, {"start": "00:06:29", "end": "00:06:33", "text": "here in the summer of 2022 and then I"}, {"start": "00:06:31", "end": "00:06:35", "text": "got wrecked and and then it didn't"}, {"start": "00:06:33", "end": "00:06:39", "text": "matter, right? and I bought Bitcoin in"}, {"start": "00:06:35", "end": "00:06:42", "text": "the summer of 2018 and I got wrecked and"}, {"start": "00:06:39", "end": "00:06:44", "text": "and then it just didn't matter. So"}, {"start": "00:06:42", "end": "00:06:46", "text": "that's kind of the argument is is you"}, {"start": "00:06:44", "end": "00:06:48", "text": "know usually buying Bitcoin kind of"}, {"start": "00:06:46", "end": "00:06:51", "text": "after the June low and then just sort of"}, {"start": "00:06:48", "end": "00:06:53", "text": "establishing a a cadence to your DCA"}, {"start": "00:06:51", "end": "00:06:55", "text": "tends to work out the best rather than"}, {"start": "00:06:53", "end": "00:06:57", "text": "than stressing out too much about about"}, {"start": "00:06:55", "end": "00:06:59", "text": "what's going to happen. But again, you"}, {"start": "00:06:57", "end": "00:07:01", "text": "know, just looking at this chart, it's"}, {"start": "00:06:59", "end": "00:07:04", "text": "hard not to look at it and just be kind"}, {"start": "00:07:01", "end": "00:07:06", "text": "of mesmerized by it because, you know,"}, {"start": "00:07:04", "end": "00:07:09", "text": "the cycles are so clear, like the"}, {"start": "00:07:06", "end": "00:07:12", "text": "four-year cycle is just so obvious and"}, {"start": "00:07:09", "end": "00:07:14", "text": "clear that it it's baffling to me just"}, {"start": "00:07:12", "end": "00:07:17", "text": "how many people fade it because it's"}, {"start": "00:07:14", "end": "00:07:19", "text": "just such an easy thing, you know? Like,"}, {"start": "00:07:17", "end": "00:07:21", "text": "and I'm not saying it'll go on forever."}, {"start": "00:07:19", "end": "00:07:24", "text": "I'm not suggesting that. But it's one of"}, {"start": "00:07:21", "end": "00:07:26", "text": "those things where why fade it, you"}, {"start": "00:07:24", "end": "00:07:30", "text": "know? Why? Why fade it when it just"}, {"start": "00:07:26", "end": "00:07:33", "text": "continues to work out? Um, so my guess"}, {"start": "00:07:30", "end": "00:07:35", "text": "is we'll likely spend, you know, some"}, {"start": "00:07:33", "end": "00:07:37", "text": "time with these metrics crossed over"}, {"start": "00:07:35", "end": "00:07:39", "text": "each other like they are right now, but"}, {"start": "00:07:37", "end": "00:07:42", "text": "probably only a few months and and then"}, {"start": "00:07:39", "end": "00:07:45", "text": "once we get out into say 2027, 2028,"}, {"start": "00:07:42", "end": "00:07:48", "text": "hopefully we'll see uh the cycle"}, {"start": "00:07:45", "end": "00:07:50", "text": "continue. And my guess is the biggest"}, {"start": "00:07:48", "end": "00:07:52", "text": "critics of the 4-year cycle this year"}, {"start": "00:07:50", "end": "00:07:55", "text": "will become the biggest cheerleaders of"}, {"start": "00:07:52", "end": "00:07:56", "text": "it later this year. If you guys like the"}, {"start": "00:07:55", "end": "00:07:57", "text": "content, make sure you subscribe to the"}, {"start": "00:07:56", "end": "00:07:59", "text": "channel, give the video a thumbs up,"}, {"start": "00:07:57", "end": "00:08:00", "text": "check out the sale on Into the"}, {"start": "00:07:59", "end": "00:08:02", "text": "Cryptoverse Premium at into the"}, {"start": "00:08:00", "end": "00:08:05", "text": "cryptoverse.com, and I will see you guys"}, {"start": "00:08:02", "end": "00:08:05", "text": "next time. Bye."}]

[{"start": "00:00:01", "end": "00:00:05", "text": "Hey everyone, and thanks for jumping"}, {"start": "00:00:02", "end": "00:00:06", "text": "back into the cryptoverse."}, {"start": "00:00:05", "end": "00:00:10", "text": "Today, we're going to talk about"}, {"start": "00:00:06", "end": "00:00:11", "text": "Bitcoin, the beauty of mathematics, part"}, {"start": "00:00:10", "end": "00:00:13", "text": "71."}, {"start": "00:00:11", "end": "00:00:14", "text": "If you guys like the content, make sure"}, {"start": "00:00:13", "end": "00:00:16", "text": "you subscribe to the channel, give the"}, {"start": "00:00:14", "end": "00:00:18", "text": "video a thumbs up, and also check out"}, {"start": "00:00:16", "end": "00:00:21", "text": "the sale on Into the Cryptoverse Premium"}, {"start": "00:00:18", "end": "00:00:21", "text": "at intothecryptoverse.com."}, {"start": "00:00:22", "end": "00:00:27", "text": "Before we jump in, I just wanted to say"}, {"start": "00:00:25", "end": "00:00:29", "text": "I appreciate everyone subscribing to the"}, {"start": "00:00:27", "end": "00:00:33", "text": "channel over the last 7 years. I"}, {"start": "00:00:29", "end": "00:00:35", "text": "actually started this channel in June"}, {"start": "00:00:33", "end": "00:00:36", "text": "of 2019."}, {"start": "00:00:35", "end": "00:00:38", "text": "And now,"}, {"start": "00:00:36", "end": "00:00:40", "text": "uh 7 years later,"}, {"start": "00:00:38", "end": "00:00:44", "text": "thanks to all of you guys, I have"}, {"start": "00:00:40", "end": "00:00:47", "text": "reached 1 million subscribers. So,"}, {"start": "00:00:44", "end": "00:00:50", "text": "you know, I remember back in in 2019"}, {"start": "00:00:47", "end": "00:00:52", "text": "when I hit my first 100 subscribers, uh"}, {"start": "00:00:50", "end": "00:00:54", "text": "sort of bragging to to my wife about it"}, {"start": "00:00:52", "end": "00:00:55", "text": "and being like, \"Look, there's like 100"}, {"start": "00:00:54", "end": "00:00:58", "text": "people that care what I have to say.\""}, {"start": "00:00:55", "end": "00:01:01", "text": "And and kind of being shocked that that"}, {"start": "00:00:58", "end": "00:01:02", "text": "even people cared what I have to say."}, {"start": "00:01:01", "end": "00:01:04", "text": "And I was just starting the channel to"}, {"start": "00:01:02", "end": "00:01:06", "text": "try to help some people"}, {"start": "00:01:04", "end": "00:01:08", "text": "uh avoid some of the mistakes that I had"}, {"start": "00:01:06", "end": "00:01:10", "text": "made. And I had no idea it was going to"}, {"start": "00:01:08", "end": "00:01:12", "text": "turn into this. In fact, I actually"}, {"start": "00:01:10", "end": "00:01:13", "text": "started this channel"}, {"start": "00:01:12", "end": "00:01:16", "text": "um"}, {"start": "00:01:13", "end": "00:01:20", "text": "I I was doing my post-doc, and I I went"}, {"start": "00:01:16", "end": "00:01:23", "text": "to Portland, Oregon in 2019 to present"}, {"start": "00:01:20", "end": "00:01:25", "text": "my research at this high energy density"}, {"start": "00:01:23", "end": "00:01:27", "text": "physics conference. And after I"}, {"start": "00:01:25", "end": "00:01:29", "text": "presented it, like I was really nervous"}, {"start": "00:01:27", "end": "00:01:31", "text": "uh for the presentation, because I was"}, {"start": "00:01:29", "end": "00:01:33", "text": "like presenting in front of like all"}, {"start": "00:01:31", "end": "00:01:35", "text": "these like physicists and stuff. And I"}, {"start": "00:01:33", "end": "00:01:36", "text": "was really nervous. And then I got"}, {"start": "00:01:35", "end": "00:01:39", "text": "through it, and then it felt like this"}, {"start": "00:01:36", "end": "00:01:40", "text": "like weight was lifted off of me."}, {"start": "00:01:39", "end": "00:01:43", "text": "Uh this was like 1 year after my"}, {"start": "00:01:40", "end": "00:01:45", "text": "post-doc began. And that night, I just"}, {"start": "00:01:43", "end": "00:01:47", "text": "like went up to the hotel room,"}, {"start": "00:01:45", "end": "00:01:49", "text": "uh instead of going out and partying"}, {"start": "00:01:47", "end": "00:01:51", "text": "like maybe uh"}, {"start": "00:01:49", "end": "00:01:52", "text": "most people maybe would have, I just"}, {"start": "00:01:51", "end": "00:01:54", "text": "went upstairs and started a YouTube"}, {"start": "00:01:52", "end": "00:01:58", "text": "channel. And and the rest is history,"}, {"start": "00:01:54", "end": "00:02:00", "text": "right? I I the rest is history. And um"}, {"start": "00:01:58", "end": "00:02:01", "text": "uh yeah, I mean, it's it's been a crazy"}, {"start": "00:02:00", "end": "00:02:03", "text": "journey, and you know, I've made a lot"}, {"start": "00:02:01", "end": "00:02:04", "text": "of mistakes along the way. Like, I mean,"}, {"start": "00:02:03", "end": "00:02:07", "text": "obviously, I want Someone just"}, {"start": "00:02:04", "end": "00:02:10", "text": "unsubscribed. Um I I've made a lot of"}, {"start": "00:02:07", "end": "00:02:12", "text": "mistakes along the way, and you know, I"}, {"start": "00:02:10", "end": "00:02:13", "text": "hope I can I can learn from them those"}, {"start": "00:02:12", "end": "00:02:16", "text": "mistakes. Hopefully, you guys will learn"}, {"start": "00:02:13", "end": "00:02:18", "text": "from those mistakes as well. And I will"}, {"start": "00:02:16", "end": "00:02:21", "text": "I will just simply try and do uh the"}, {"start": "00:02:18", "end": "00:02:23", "text": "best that I can. So, to kind of go back,"}, {"start": "00:02:21", "end": "00:02:26", "text": "some of the first videos on my channel"}, {"start": "00:02:23", "end": "00:02:28", "text": "was this one, um back when Ethereum was"}, {"start": "00:02:26", "end": "00:02:32", "text": "like bottoming out against Bitcoin back"}, {"start": "00:02:28", "end": "00:02:34", "text": "in 2019, and I mean, that was just so"}, {"start": "00:02:32", "end": "00:02:35", "text": "long ago. It It just feels so long ago"}, {"start": "00:02:34", "end": "00:02:37", "text": "now."}, {"start": "00:02:35", "end": "00:02:38", "text": "Uh let me just play the beginning. I"}, {"start": "00:02:37", "end": "00:02:40", "text": "don't even think I started the intro the"}, {"start": "00:02:38", "end": "00:02:41", "text": "same way back then."}, {"start": "00:02:40", "end": "00:02:42", "text": ">> All right, welcome everyone back to the"}, {"start": "00:02:41", "end": "00:02:43", "text": "cryptoverse. Today, we're going to be"}, {"start": "00:02:42", "end": "00:02:46", "text": "talking about"}, {"start": "00:02:43", "end": "00:02:48", "text": ">> Yeah, so kind of different. But anyways,"}, {"start": "00:02:46", "end": "00:02:50", "text": "again, I I do appreciate everyone"}, {"start": "00:02:48", "end": "00:02:54", "text": "subscribing over the last 7 years. It"}, {"start": "00:02:50", "end": "00:02:55", "text": "means a lot. Um and just as a reminder,"}, {"start": "00:02:54", "end": "00:02:56", "text": "I couldn't have done this without"}, {"start": "00:02:55", "end": "00:02:58", "text": "without you guys."}, {"start": "00:02:56", "end": "00:03:00", "text": "So,"}, {"start": "00:02:58", "end": "00:03:03", "text": "uh the beauty of mathematics, you know,"}, {"start": "00:03:00", "end": "00:03:06", "text": "this this chart here, I've I've had it"}, {"start": "00:03:03", "end": "00:03:09", "text": "for I want to say like 5 or 6 years now."}, {"start": "00:03:06", "end": "00:03:10", "text": "And I wonder if it's due for an update."}, {"start": "00:03:09", "end": "00:03:11", "text": "You know, I've been thinking about that"}, {"start": "00:03:10", "end": "00:03:13", "text": "recently. Because for some of the"}, {"start": "00:03:11", "end": "00:03:17", "text": "Bitcoin stuff, we've you know, I've"}, {"start": "00:03:13", "end": "00:03:19", "text": "updated it in a working paper, and I'm"}, {"start": "00:03:17", "end": "00:03:21", "text": "going to update it one final time after"}, {"start": "00:03:19", "end": "00:03:22", "text": "this year is over. I think by including"}, {"start": "00:03:21", "end": "00:03:25", "text": "the midterm year data in its"}, {"start": "00:03:22", "end": "00:03:28", "text": "completeness, it'll help predict the"}, {"start": "00:03:25", "end": "00:03:29", "text": "next cycle top. If you only fit it"}, {"start": "00:03:28", "end": "00:03:31", "text": "through May, which is what I've done so"}, {"start": "00:03:29", "end": "00:03:32", "text": "far for the Bitcoin data for the Bitcoin"}, {"start": "00:03:31", "end": "00:03:34", "text": "models,"}, {"start": "00:03:32", "end": "00:03:35", "text": "it's not going to be quite as as"}, {"start": "00:03:34", "end": "00:03:37", "text": "accurate, I think, for predicting future"}, {"start": "00:03:35", "end": "00:03:39", "text": "tops. So, I'll probably refit that at"}, {"start": "00:03:37", "end": "00:03:41", "text": "the end of the year just to have the"}, {"start": "00:03:39", "end": "00:03:44", "text": "most up-to-date model that I can"}, {"start": "00:03:41", "end": "00:03:45", "text": "uh going into sort of 2027 2028. And"}, {"start": "00:03:44", "end": "00:03:47", "text": "then it got me thinking, maybe I should"}, {"start": "00:03:45", "end": "00:03:49", "text": "do the same for this. So, I haven't done"}, {"start": "00:03:47", "end": "00:03:51", "text": "that yet, but I will soon, maybe on the"}, {"start": "00:03:49", "end": "00:03:52", "text": "next video uh that that covers this"}, {"start": "00:03:51", "end": "00:03:54", "text": "stuff."}, {"start": "00:03:52", "end": "00:03:57", "text": "But I mean, you can see that sort of the"}, {"start": "00:03:54", "end": "00:03:59", "text": "assessment that this whole cycle was"}, {"start": "00:03:57", "end": "00:04:00", "text": "kind of like that 2019"}, {"start": "00:03:59", "end": "00:04:02", "text": "move, and then we just kind of went"}, {"start": "00:04:00", "end": "00:04:04", "text": "above it, and then we sort of faded back"}, {"start": "00:04:02", "end": "00:04:07", "text": "down. That's basically what we've done,"}, {"start": "00:04:04", "end": "00:04:10", "text": "right? And my guess is that Bitcoin will"}, {"start": "00:04:07", "end": "00:04:12", "text": "probably spend the rest of the year"}, {"start": "00:04:10", "end": "00:04:14", "text": "below sort of the {quote} {unquote} fair"}, {"start": "00:04:12", "end": "00:04:17", "text": "value price. That would just be my"}, {"start": "00:04:14", "end": "00:04:18", "text": "speculation, simply because, you know,"}, {"start": "00:04:17", "end": "00:04:21", "text": "midterm years aren't necessarily the"}, {"start": "00:04:18", "end": "00:04:23", "text": "best for crypto. And, you know,"}, {"start": "00:04:21", "end": "00:04:24", "text": "obviously no one exactly knows where the"}, {"start": "00:04:23", "end": "00:04:27", "text": "bottom is."}, {"start": "00:04:24", "end": "00:04:31", "text": "Um June is certainly a candidate month"}, {"start": "00:04:27", "end": "00:04:32", "text": "for at least a local low. Uh and I'm"}, {"start": "00:04:31", "end": "00:04:36", "text": "going to just take it one step at a"}, {"start": "00:04:32", "end": "00:04:39", "text": "time. But, I do think that we'll likely"}, {"start": "00:04:36", "end": "00:04:41", "text": "still spend the rest of this year below"}, {"start": "00:04:39", "end": "00:04:42", "text": "that sort of that fair value logarithmic"}, {"start": "00:04:41", "end": "00:04:45", "text": "regression trend line, which as always"}, {"start": "00:04:42", "end": "00:04:47", "text": "is a monotonically increasing function."}, {"start": "00:04:45", "end": "00:04:48", "text": "And then hopefully uh"}, {"start": "00:04:47", "end": "00:04:51", "text": "maybe the year after, hopefully we're"}, {"start": "00:04:48", "end": "00:04:53", "text": "back in in business."}, {"start": "00:04:51", "end": "00:04:56", "text": "But, you know, we've we've actually been"}, {"start": "00:04:53", "end": "00:04:58", "text": "mostly below that sort of fair value"}, {"start": "00:04:56", "end": "00:04:59", "text": "line for a number of years now. And I"}, {"start": "00:04:58", "end": "00:05:02", "text": "think a lot of it has to do with how the"}, {"start": "00:04:59", "end": "00:05:04", "text": "macro evolved. Monetary policy got a lot"}, {"start": "00:05:02", "end": "00:05:09", "text": "tighter, you know, inflation was a"}, {"start": "00:05:04", "end": "00:05:11", "text": "concern in 2021. And and it it it does"}, {"start": "00:05:09", "end": "00:05:13", "text": "sort of temper expectations. And so, in"}, {"start": "00:05:11", "end": "00:05:15", "text": "the next video that I do on this, I"}, {"start": "00:05:13", "end": "00:05:17", "text": "would probably expect an update to the"}, {"start": "00:05:15", "end": "00:05:18", "text": "model, probably within the next one or"}, {"start": "00:05:17", "end": "00:05:20", "text": "two videos"}, {"start": "00:05:18", "end": "00:05:22", "text": "on this. But,"}, {"start": "00:05:20", "end": "00:05:25", "text": "right now, the total market cap of the"}, {"start": "00:05:22", "end": "00:05:28", "text": "asset class is about 2.179"}, {"start": "00:05:25", "end": "00:05:30", "text": "trillion. So, we still have come a long"}, {"start": "00:05:28", "end": "00:05:34", "text": "way, you know, since I first started"}, {"start": "00:05:30", "end": "00:05:38", "text": "making videos on on on Bitcoin, the"}, {"start": "00:05:34", "end": "00:05:40", "text": "beauty of mathematics. Um I believe this"}, {"start": "00:05:38", "end": "00:05:42", "text": "is the first one. And and while this is"}, {"start": "00:05:40", "end": "00:05:45", "text": "the first one, it's not really the first"}, {"start": "00:05:42", "end": "00:05:47", "text": "one, because the first one that I did"}, {"start": "00:05:45", "end": "00:05:48", "text": "that showed this chart wasn't even"}, {"start": "00:05:47", "end": "00:05:50", "text": "called Bitcoin and the beauty of"}, {"start": "00:05:48", "end": "00:05:52", "text": "mathematics. I think I did like three or"}, {"start": "00:05:50", "end": "00:05:54", "text": "four videos on the chart and it just was"}, {"start": "00:05:52", "end": "00:05:56", "text": "called something else. But this was"}, {"start": "00:05:54", "end": "00:05:59", "text": "probably part one uh of the entire"}, {"start": "00:05:56", "end": "00:06:01", "text": "series. And back then, you can see that"}, {"start": "00:05:59", "end": "00:06:04", "text": "the total market cap of the asset class"}, {"start": "00:06:01", "end": "00:06:05", "text": "was actually only 261"}, {"start": "00:06:04", "end": "00:06:09", "text": "billion."}, {"start": "00:06:05", "end": "00:06:11", "text": "And today, we are at 2.179"}, {"start": "00:06:09", "end": "00:06:14", "text": "trillion. So, you know, you're talking"}, {"start": "00:06:11", "end": "00:06:17", "text": "nearly an order of magnitude increase."}, {"start": "00:06:14", "end": "00:06:19", "text": "And what's interesting is that when this"}, {"start": "00:06:17", "end": "00:06:21", "text": "video was recorded,"}, {"start": "00:06:19", "end": "00:06:22", "text": "it was back sort of in that 2019-2020"}, {"start": "00:06:21", "end": "00:06:26", "text": "era,"}, {"start": "00:06:22", "end": "00:06:27", "text": "which arguably is where we are now,"}, {"start": "00:06:26", "end": "00:06:30", "text": "right? In In terms of like business"}, {"start": "00:06:27", "end": "00:06:32", "text": "cycle comparisons, we're in that like"}, {"start": "00:06:30", "end": "00:06:35", "text": "2019-2020"}, {"start": "00:06:32", "end": "00:06:38", "text": "era. So, who knows? Maybe when we look"}, {"start": "00:06:35", "end": "00:06:40", "text": "back on this in say another 7 years or"}, {"start": "00:06:38", "end": "00:06:43", "text": "10 years, we'll look back and see that a"}, {"start": "00:06:40", "end": "00:06:46", "text": "$2 trillion market cap was was quite"}, {"start": "00:06:43", "end": "00:06:48", "text": "small for the industry. Uh but at the"}, {"start": "00:06:46", "end": "00:06:50", "text": "time, you know, right now, obviously it"}, {"start": "00:06:48", "end": "00:06:52", "text": "it feels pretty bad. Ultimately, I I I"}, {"start": "00:06:50", "end": "00:06:54", "text": "do think, and I I've said this for, you"}, {"start": "00:06:52", "end": "00:06:56", "text": "know, basically since back then, since,"}, {"start": "00:06:54", "end": "00:06:59", "text": "you know, 2019-2020,"}, {"start": "00:06:56", "end": "00:07:02", "text": "I think the industry is heading to a a"}, {"start": "00:06:59", "end": "00:07:04", "text": "$10 trillion market capitalization,"}, {"start": "00:07:02", "end": "00:07:05", "text": "plus or minus a few trillion. And as we"}, {"start": "00:07:04", "end": "00:07:07", "text": "go to sleep at night, we cannot help but"}, {"start": "00:07:05", "end": "00:07:10", "text": "wonder, what's a few trillion dollars"}, {"start": "00:07:07", "end": "00:07:10", "text": "among friends?"}]

[{"start": "00:00:00", "end": "00:00:05", "text": "My guess is that Bitcoin will probably"}, {"start": "00:00:02", "end": "00:00:08", "text": "spend the rest of the year below sort of"}, {"start": "00:00:05", "end": "00:00:10", "text": "the quote-unquote fair value price. That"}, {"start": "00:00:08", "end": "00:00:12", "text": "would just be my speculation simply"}, {"start": "00:00:10", "end": "00:00:14", "text": "because, you know, midterm years aren't"}, {"start": "00:00:12", "end": "00:00:16", "text": "necessarily the best for crypto. And,"}, {"start": "00:00:14", "end": "00:00:18", "text": "you know, obviously no one exactly knows"}, {"start": "00:00:16", "end": "00:00:22", "text": "where the bottom is."}, {"start": "00:00:18", "end": "00:00:25", "text": "Um June is certainly a candidate month"}, {"start": "00:00:22", "end": "00:00:28", "text": "for at least a local low. Uh and I want"}, {"start": "00:00:25", "end": "00:00:30", "text": "to just take it one step at a time. But,"}, {"start": "00:00:28", "end": "00:00:33", "text": "I do think that we'll likely still spend"}, {"start": "00:00:30", "end": "00:00:35", "text": "the rest of this year below that sort of"}, {"start": "00:00:33", "end": "00:00:37", "text": "that fair value logarithmic regression"}, {"start": "00:00:35", "end": "00:00:39", "text": "trend line, which as always is a"}, {"start": "00:00:37", "end": "00:00:42", "text": "monotonically increasing function."}, {"start": "00:00:39", "end": "00:00:43", "text": "And then hopefully next year, um maybe"}, {"start": "00:00:42", "end": "00:00:45", "text": "the year after, hopefully we're back in"}, {"start": "00:00:43", "end": "00:00:47", "text": "in business."}, {"start": "00:00:45", "end": "00:00:49", "text": "But, you know, we've we've actually been"}, {"start": "00:00:47", "end": "00:00:50", "text": "mostly below"}, {"start": "00:00:49", "end": "00:00:52", "text": "that sort of fair value line for a"}, {"start": "00:00:50", "end": "00:00:54", "text": "number of years now. And I think a lot"}, {"start": "00:00:52", "end": "00:00:56", "text": "of it has to do with how the macro"}, {"start": "00:00:54", "end": "00:00:58", "text": "evolved. Monetary policy got a lot"}, {"start": "00:00:56", "end": "00:01:01", "text": "tighter, you know, inflation was a"}, {"start": "00:00:58", "end": "00:01:01", "text": "concern."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Hey everyone and thanks for jumping back"}, {"start": "00:00:02", "end": "00:00:07", "text": "into the cryptoverse."}, {"start": "00:00:04", "end": "00:00:10", "text": "Today we're going to talk about Bitcoin"}, {"start": "00:00:07", "end": "00:00:12", "text": "dubious speculation. If you guys like"}, {"start": "00:00:10", "end": "00:00:13", "text": "the content, make sure you subscribe to"}, {"start": "00:00:12", "end": "00:00:16", "text": "the channel, give the video a thumbs up,"}, {"start": "00:00:13", "end": "00:00:18", "text": "and also check out the sale on into the"}, {"start": "00:00:16", "end": "00:00:21", "text": "cryptoverse premium at"}, {"start": "00:00:18", "end": "00:00:24", "text": "intothecryptoverse.com."}, {"start": "00:00:21", "end": "00:00:26", "text": "Let's go ahead and jump in. So, Bitcoin"}, {"start": "00:00:24", "end": "00:00:29", "text": "had a pretty bad week last week. I mean,"}, {"start": "00:00:26", "end": "00:00:32", "text": "it actually closed the week. Okay."}, {"start": "00:00:29", "end": "00:00:34", "text": "Because after sweeping the low, we"}, {"start": "00:00:32", "end": "00:00:36", "text": "actually got the weekly close back above"}, {"start": "00:00:34", "end": "00:00:37", "text": "the 200E moving average. And I know, you"}, {"start": "00:00:36", "end": "00:00:39", "text": "know, this will be something we"}, {"start": "00:00:37", "end": "00:00:41", "text": "discussed a lot, especially on Twitter"}, {"start": "00:00:39", "end": "00:00:43", "text": "spaces, the idea of sort of sweeping the"}, {"start": "00:00:41", "end": "00:00:46", "text": "February low, but then still holding the"}, {"start": "00:00:43", "end": "00:00:49", "text": "200 week by the end of the week. And"}, {"start": "00:00:46", "end": "00:00:51", "text": "what it shows is that the bulls haven't"}, {"start": "00:00:49", "end": "00:00:54", "text": "given up yet, at least on losing that"}, {"start": "00:00:51", "end": "00:00:57", "text": "200E moving average. Now, the reason why"}, {"start": "00:00:54", "end": "00:01:00", "text": "this is dubious speculation is because"}, {"start": "00:00:57", "end": "00:01:02", "text": "it's still fairly early on in June to"}, {"start": "00:01:00", "end": "00:01:06", "text": "know for sure, right? If that is the"}, {"start": "00:01:02", "end": "00:01:08", "text": "June low, I would say the odds were"}, {"start": "00:01:06", "end": "00:01:10", "text": "better that we close back above the 200E"}, {"start": "00:01:08", "end": "00:01:14", "text": "moving average. like it's better there's"}, {"start": "00:01:10", "end": "00:01:16", "text": "better odds now uh that it was than if"}, {"start": "00:01:14", "end": "00:01:20", "text": "you had asked me like a couple of days"}, {"start": "00:01:16", "end": "00:01:22", "text": "ago um in terms of like the 2018"}, {"start": "00:01:20", "end": "00:01:24", "text": "structure of just sweeping the February"}, {"start": "00:01:22", "end": "00:01:28", "text": "low, right? Like you had a low in"}, {"start": "00:01:24", "end": "00:01:29", "text": "February uh and then a lower low in June"}, {"start": "00:01:28", "end": "00:01:31", "text": "where we went back up to the bare market"}, {"start": "00:01:29", "end": "00:01:33", "text": "resistance band. So so look at the"}, {"start": "00:01:31", "end": "00:01:35", "text": "similarities. You have the February low"}, {"start": "00:01:33", "end": "00:01:36", "text": "in 2018, then you have the June low and"}, {"start": "00:01:35", "end": "00:01:38", "text": "that's kind of the same thing that we"}, {"start": "00:01:36", "end": "00:01:40", "text": "have here. you have the February low and"}, {"start": "00:01:38", "end": "00:01:42", "text": "the June low and in between that you had"}, {"start": "00:01:40", "end": "00:01:44", "text": "this rally up to the bare market"}, {"start": "00:01:42", "end": "00:01:46", "text": "resistance band in May. Same thing right"}, {"start": "00:01:44", "end": "00:01:48", "text": "here. We went slightly above it, but"}, {"start": "00:01:46", "end": "00:01:50", "text": "it's a it's a really similar setup. And"}, {"start": "00:01:48", "end": "00:01:52", "text": "what happened back then is that we hung"}, {"start": "00:01:50", "end": "00:01:55", "text": "around that those lows for a while"}, {"start": "00:01:52", "end": "00:01:57", "text": "around 6K and then we rallied back up to"}, {"start": "00:01:55", "end": "00:02:00", "text": "the bare market resistance band in July,"}, {"start": "00:01:57", "end": "00:02:02", "text": "like late July, early August."}, {"start": "00:02:00", "end": "00:02:05", "text": "Again, it's hard to know for sure. Like"}, {"start": "00:02:02", "end": "00:02:07", "text": "back then the low in February was early"}, {"start": "00:02:05", "end": "00:02:12", "text": "February and this time it was also early"}, {"start": "00:02:07", "end": "00:02:15", "text": "February. Back then the high was in um"}, {"start": "00:02:12", "end": "00:02:18", "text": "like late April, early May and in this"}, {"start": "00:02:15", "end": "00:02:22", "text": "time the high was in early May. The low"}, {"start": "00:02:18", "end": "00:02:25", "text": "back then was in mid June, right? It was"}, {"start": "00:02:22", "end": "00:02:30", "text": "like mid to late June. So far this is a"}, {"start": "00:02:25", "end": "00:02:33", "text": "fairly early low in June. So,"}, {"start": "00:02:30", "end": "00:02:37", "text": "you know, I I can't while while I do"}, {"start": "00:02:33", "end": "00:02:38", "text": "think Bitcoin will form a low in June, I"}, {"start": "00:02:37", "end": "00:02:40", "text": "mean, I could be wrong about that, by"}, {"start": "00:02:38", "end": "00:02:42", "text": "the way. Let's not forget I I could be"}, {"start": "00:02:40", "end": "00:02:44", "text": "wrong. The the the main thing I think is"}, {"start": "00:02:42", "end": "00:02:47", "text": "that the the the final low likely"}, {"start": "00:02:44", "end": "00:02:51", "text": "happens in Q4, but"}, {"start": "00:02:47", "end": "00:02:55", "text": "my guess is that a low forms in June"}, {"start": "00:02:51", "end": "00:02:58", "text": "and and then there's another drop like"}, {"start": "00:02:55", "end": "00:02:59", "text": "kind of like later on in the year. Um, a"}, {"start": "00:02:58", "end": "00:03:03", "text": "lot of times what happens, by the way,"}, {"start": "00:02:59", "end": "00:03:05", "text": "for Bitcoin is there's a big drop going"}, {"start": "00:03:03", "end": "00:03:07", "text": "into June and then volatility kind of"}, {"start": "00:03:05", "end": "00:03:09", "text": "like dies off a little bit. Like, yeah,"}, {"start": "00:03:07", "end": "00:03:11", "text": "you get a rally back up to the bare"}, {"start": "00:03:09", "end": "00:03:15", "text": "market resistance band potentially like"}, {"start": "00:03:11", "end": "00:03:17", "text": "you got, you know, back then as well,"}, {"start": "00:03:15", "end": "00:03:20", "text": "but"}, {"start": "00:03:17", "end": "00:03:23", "text": "the volatility really dries up. So, kind"}, {"start": "00:03:20", "end": "00:03:24", "text": "of what happens in bare markets is you"}, {"start": "00:03:23", "end": "00:03:27", "text": "get your your kind of your first big"}, {"start": "00:03:24", "end": "00:03:29", "text": "drop, your first big drop, and then you"}, {"start": "00:03:27", "end": "00:03:31", "text": "get these counter trend rallies where"}, {"start": "00:03:29", "end": "00:03:34", "text": "people are still kind of excited, but"}, {"start": "00:03:31", "end": "00:03:36", "text": "then as you get your drop into June"}, {"start": "00:03:34", "end": "00:03:38", "text": "and like a lot, usually what happens is"}, {"start": "00:03:36", "end": "00:03:40", "text": "then volatility just dries up for the"}, {"start": "00:03:38", "end": "00:03:41", "text": "summer, right? Okay. So then like no"}, {"start": "00:03:40", "end": "00:03:44", "text": "one's around for the summer in the"}, {"start": "00:03:41", "end": "00:03:46", "text": "markets. While if you're if you're"}, {"start": "00:03:44", "end": "00:03:48", "text": "living it daytoday, it can certainly"}, {"start": "00:03:46", "end": "00:03:50", "text": "feel like a big bounce. But when you"}, {"start": "00:03:48", "end": "00:03:52", "text": "look back on it many years later, you're"}, {"start": "00:03:50", "end": "00:03:54", "text": "like, \"All right, that volatility mostly"}, {"start": "00:03:52", "end": "00:03:57", "text": "dried up.\" Like if you guys remember in"}, {"start": "00:03:54", "end": "00:03:59", "text": "2022, the the rally that we had by"}, {"start": "00:03:57", "end": "00:04:01", "text": "Bitcoin right here, like it doesn't"}, {"start": "00:03:59", "end": "00:04:03", "text": "really look like anything. But back"}, {"start": "00:04:01", "end": "00:04:04", "text": "then, that was the rally we had into the"}, {"start": "00:04:03", "end": "00:04:06", "text": "merge for Ethereum. And that was a"}, {"start": "00:04:04", "end": "00:04:08", "text": "pretty big rally. I mean, it doesn't"}, {"start": "00:04:06", "end": "00:04:10", "text": "look like it on the chart. Like if you"}, {"start": "00:04:08", "end": "00:04:13", "text": "look at the the price of Ethereum going"}, {"start": "00:04:10", "end": "00:04:15", "text": "into um into that 2022 move into the"}, {"start": "00:04:13", "end": "00:04:16", "text": "merge. I mean Ethereum like just rally"}, {"start": "00:04:15", "end": "00:04:19", "text": "back up to the bare market resistance"}, {"start": "00:04:16", "end": "00:04:22", "text": "band. But after, you know, after putting"}, {"start": "00:04:19", "end": "00:04:25", "text": "in a low in in June,"}, {"start": "00:04:22", "end": "00:04:27", "text": "but the point is that when you're living"}, {"start": "00:04:25", "end": "00:04:29", "text": "through it, it certainly felt a lot more"}, {"start": "00:04:27", "end": "00:04:30", "text": "aggressive than it was. And Ethereum"}, {"start": "00:04:29", "end": "00:04:34", "text": "came back down. It did not put in a new"}, {"start": "00:04:30", "end": "00:04:35", "text": "low. It just came back down. But when"}, {"start": "00:04:34", "end": "00:04:38", "text": "you look at it for Bitcoin, you can see"}, {"start": "00:04:35", "end": "00:04:39", "text": "like the reason, you know, it felt like"}, {"start": "00:04:38", "end": "00:04:40", "text": "a lot back then, but when you look at it"}, {"start": "00:04:39", "end": "00:04:43", "text": "now, you're like, \"All right, it wasn't"}, {"start": "00:04:40", "end": "00:04:44", "text": "really that much different than what"}, {"start": "00:04:43", "end": "00:04:46", "text": "we've, you know, than what you would"}, {"start": "00:04:44", "end": "00:04:50", "text": "expect to see after a major low sort of"}, {"start": "00:04:46", "end": "00:04:51", "text": "setting in June.\" So again, my guess as"}, {"start": "00:04:50", "end": "00:04:54", "text": "again it's just it's just dubious"}, {"start": "00:04:51", "end": "00:04:57", "text": "speculation, but my guess is that it's a"}, {"start": "00:04:54", "end": "00:05:00", "text": "June low"}, {"start": "00:04:57", "end": "00:05:03", "text": "and then volatility just like dries up"}, {"start": "00:05:00", "end": "00:05:04", "text": "in the summer uh for the rest of the"}, {"start": "00:05:03", "end": "00:05:06", "text": "summer and you get some counter trend"}, {"start": "00:05:04", "end": "00:05:08", "text": "rallies maybe back up to the bare market"}, {"start": "00:05:06", "end": "00:05:12", "text": "resistance band, but you're not going to"}, {"start": "00:05:08", "end": "00:05:14", "text": "get any, you know, anything major."}, {"start": "00:05:12", "end": "00:05:18", "text": "And then what usually happens is there's"}, {"start": "00:05:14", "end": "00:05:20", "text": "something in Q4 that then finally kind"}, {"start": "00:05:18", "end": "00:05:21", "text": "of allows the market to bottom. I wanted"}, {"start": "00:05:20", "end": "00:05:23", "text": "to talk a little bit about this whole"}, {"start": "00:05:21", "end": "00:05:25", "text": "like you know June low and then rally in"}, {"start": "00:05:23", "end": "00:05:27", "text": "July."}, {"start": "00:05:25", "end": "00:05:30", "text": "There there are there are some times"}, {"start": "00:05:27", "end": "00:05:32", "text": "where we don't rally in July. Okay. And"}, {"start": "00:05:30", "end": "00:05:36", "text": "I'm not sure if 2014 was one of them and"}, {"start": "00:05:32", "end": "00:05:39", "text": "we can take a look really quick. Um,"}, {"start": "00:05:36", "end": "00:05:43", "text": "so in in 2014, Bitcoin actually went"}, {"start": "00:05:39", "end": "00:05:45", "text": "down in July, but it went up in June. If"}, {"start": "00:05:43", "end": "00:05:47", "text": "you look at 2018, we went down in June"}, {"start": "00:05:45", "end": "00:05:50", "text": "and then up in July, right? It was down"}, {"start": "00:05:47", "end": "00:05:52", "text": "in May and June and then up in July and"}, {"start": "00:05:50", "end": "00:05:54", "text": "then last cycle it was down April, May,"}, {"start": "00:05:52", "end": "00:05:56", "text": "June, and then up in July. And this"}, {"start": "00:05:54", "end": "00:06:00", "text": "cycle so far, it's down in May and down"}, {"start": "00:05:56", "end": "00:06:01", "text": "in June. So my guess, dubious"}, {"start": "00:06:00", "end": "00:06:04", "text": "speculation, is that July would likely"}, {"start": "00:06:01", "end": "00:06:06", "text": "be a green month."}, {"start": "00:06:04", "end": "00:06:08", "text": "What's difficult to know right now is,"}, {"start": "00:06:06", "end": "00:06:11", "text": "you know, is that low in or not? At the"}, {"start": "00:06:08", "end": "00:06:12", "text": "end of the day, you know, in sort of the"}, {"start": "00:06:11", "end": "00:06:15", "text": "third stage of air markets, which is"}, {"start": "00:06:12", "end": "00:06:18", "text": "where I think we are, usually DCAing is"}, {"start": "00:06:15", "end": "00:06:19", "text": "going to be like an okay strategy as"}, {"start": "00:06:18", "end": "00:06:21", "text": "long as you're aware that the final low"}, {"start": "00:06:19", "end": "00:06:23", "text": "might occur a little bit later in the"}, {"start": "00:06:21", "end": "00:06:25", "text": "year. Um, that's often the better"}, {"start": "00:06:23", "end": "00:06:27", "text": "strategy. It's just hard for people to"}, {"start": "00:06:25", "end": "00:06:30", "text": "kind of make it through the first half"}, {"start": "00:06:27", "end": "00:06:31", "text": "of the year without, you know, losing a"}, {"start": "00:06:30", "end": "00:06:33", "text": "lot of their money because what happens"}, {"start": "00:06:31", "end": "00:06:35", "text": "is you get these counter trend rallies"}, {"start": "00:06:33", "end": "00:06:37", "text": "by Bitcoin and and they just they"}, {"start": "00:06:35", "end": "00:06:40", "text": "basically suck a lot a lot of liquidity"}, {"start": "00:06:37", "end": "00:06:42", "text": "out, you know, whereas what I mean is is"}, {"start": "00:06:40", "end": "00:06:44", "text": "people will, you know, they'll buy the"}, {"start": "00:06:42", "end": "00:06:46", "text": "top and then panic sell and then buy"}, {"start": "00:06:44", "end": "00:06:48", "text": "back in at the top and then panic sell"}, {"start": "00:06:46", "end": "00:06:50", "text": "and they they'll and that kind of"}, {"start": "00:06:48", "end": "00:06:51", "text": "process can really cause people lose a"}, {"start": "00:06:50", "end": "00:06:53", "text": "lot of money. And so what I've said"}, {"start": "00:06:51", "end": "00:06:55", "text": "previously is just if you ignor Bitcoin"}, {"start": "00:06:53", "end": "00:06:56", "text": "for the first half of the midterm year"}, {"start": "00:06:55", "end": "00:06:59", "text": "and then start DCAing in the second"}, {"start": "00:06:56", "end": "00:07:03", "text": "half, that's what usually ends up being"}, {"start": "00:06:59", "end": "00:07:05", "text": "successful for me. Okay? Like in 2022, I"}, {"start": "00:07:03", "end": "00:07:07", "text": "started buying in the second half of the"}, {"start": "00:07:05", "end": "00:07:09", "text": "year. Right after the June low is where"}, {"start": "00:07:07", "end": "00:07:11", "text": "I started to buy Bitcoin. In 2018, I"}, {"start": "00:07:09", "end": "00:07:15", "text": "started to buy after the June low. Now,"}, {"start": "00:07:11", "end": "00:07:19", "text": "the market ripped me a new one come Q4"}, {"start": "00:07:15", "end": "00:07:22", "text": "in both 2018 and 2022. But you can see"}, {"start": "00:07:19", "end": "00:07:25", "text": "that the lows that were formed in Q4"}, {"start": "00:07:22", "end": "00:07:28", "text": "were relatively short-lived. And then"}, {"start": "00:07:25", "end": "00:07:30", "text": "the lows that you might have bought in"}, {"start": "00:07:28", "end": "00:07:31", "text": "say like June, July, August, September,"}, {"start": "00:07:30", "end": "00:07:33", "text": "whatever"}, {"start": "00:07:31", "end": "00:07:37", "text": "sometime in the post or the preh having"}, {"start": "00:07:33", "end": "00:07:39", "text": "year, they ended up looking fine. But"}, {"start": "00:07:37", "end": "00:07:40", "text": "when you're living through it, it feels"}, {"start": "00:07:39", "end": "00:07:42", "text": "kind of bad, right? It feels kind of bad"}, {"start": "00:07:40", "end": "00:07:43", "text": "because, you know, if you're going out"}, {"start": "00:07:42", "end": "00:07:44", "text": "there and you're buying it and you're"}, {"start": "00:07:43", "end": "00:07:47", "text": "like, well, why am I buying it if I"}, {"start": "00:07:44", "end": "00:07:48", "text": "think it's going to go down in Q4? Well,"}, {"start": "00:07:47", "end": "00:07:50", "text": "a we don't know if it's going to go down"}, {"start": "00:07:48", "end": "00:07:54", "text": "in Q4. We don't know for sure. Um and"}, {"start": "00:07:50", "end": "00:07:57", "text": "then the other sort of the B is that um"}, {"start": "00:07:54", "end": "00:07:59", "text": "you know, even if it does go down in Q4,"}, {"start": "00:07:57", "end": "00:08:01", "text": "what are the chances that you buy it?"}, {"start": "00:07:59", "end": "00:08:02", "text": "You know, I'm I don't really leave a lot"}, {"start": "00:08:01", "end": "00:08:03", "text": "of money on exchanges just sitting in"}, {"start": "00:08:02", "end": "00:08:05", "text": "limit orders because I don't just want"}, {"start": "00:08:03", "end": "00:08:10", "text": "to leave a ton of money on exchanges."}, {"start": "00:08:05", "end": "00:08:12", "text": "Uh, and there definitely have been times"}, {"start": "00:08:10", "end": "00:08:15", "text": "in his in in my history with trading"}, {"start": "00:08:12", "end": "00:08:18", "text": "where I would say that a low was coming"}, {"start": "00:08:15", "end": "00:08:21", "text": "and then I would be right about it, but"}, {"start": "00:08:18", "end": "00:08:23", "text": "the low occurred like when I was at like"}, {"start": "00:08:21", "end": "00:08:26", "text": "a kid soccer practice or something or or"}, {"start": "00:08:23", "end": "00:08:28", "text": "you know, maybe I was out somewhere or"}, {"start": "00:08:26", "end": "00:08:29", "text": "at a restaurant and I just wasn't"}, {"start": "00:08:28", "end": "00:08:30", "text": "looking at my phone and then the like"}, {"start": "00:08:29", "end": "00:08:33", "text": "the low happened and then it came and"}, {"start": "00:08:30", "end": "00:08:34", "text": "went and and then it turned out, oh, I"}, {"start": "00:08:33", "end": "00:08:37", "text": "would just been better off buying it"}, {"start": "00:08:34", "end": "00:08:38", "text": "when I you know previously even though"}, {"start": "00:08:37", "end": "00:08:39", "text": "Bitcoin went lower because I didn't"}, {"start": "00:08:38", "end": "00:08:41", "text": "actually take advantage of it going"}, {"start": "00:08:39", "end": "00:08:42", "text": "lower. So that's another thing that a"}, {"start": "00:08:41", "end": "00:08:44", "text": "lot of people have to contend with is"}, {"start": "00:08:42", "end": "00:08:45", "text": "that like even if you think it goes"}, {"start": "00:08:44", "end": "00:08:48", "text": "lower which I I think it probably will"}, {"start": "00:08:45", "end": "00:08:49", "text": "eventually later on this year if if if"}, {"start": "00:08:48", "end": "00:08:52", "text": "the low for June is in right if the low"}, {"start": "00:08:49", "end": "00:08:54", "text": "for June is in I would argue there's a"}, {"start": "00:08:52", "end": "00:08:56", "text": "good chance you'll see another sort of"}, {"start": "00:08:54", "end": "00:08:59", "text": "drop later in the year. But that doesn't"}, {"start": "00:08:56", "end": "00:09:04", "text": "mean that you know you have to wait for"}, {"start": "00:08:59", "end": "00:09:06", "text": "for that drop to do so. Again, after the"}, {"start": "00:09:04", "end": "00:09:09", "text": "June low in 2022, I started buying"}, {"start": "00:09:06", "end": "00:09:11", "text": "Bitcoin. After the June low in 2018, I"}, {"start": "00:09:09", "end": "00:09:13", "text": "started buying Bitcoin. The market"}, {"start": "00:09:11", "end": "00:09:15", "text": "wrecked me both times after doing so."}, {"start": "00:09:13", "end": "00:09:18", "text": "But a couple years later, it just didn't"}, {"start": "00:09:15", "end": "00:09:20", "text": "matter. So, a lot of it depends on like"}, {"start": "00:09:18", "end": "00:09:22", "text": "what your time horizon is as well. Like"}, {"start": "00:09:20", "end": "00:09:24", "text": "if your time horizon is 3 months, then"}, {"start": "00:09:22", "end": "00:09:27", "text": "you probably shouldn't be you shouldn't"}, {"start": "00:09:24", "end": "00:09:30", "text": "be watching my channel anyways. Um if"}, {"start": "00:09:27", "end": "00:09:31", "text": "your time horizon is a few years, then"}, {"start": "00:09:30", "end": "00:09:34", "text": "then that's sort of a different story."}, {"start": "00:09:31", "end": "00:09:37", "text": "So let's see how this June low kind of"}, {"start": "00:09:34", "end": "00:09:39", "text": "unfolds. Whether that is the June low,"}, {"start": "00:09:37", "end": "00:09:41", "text": "um whether you go slightly lower, like"}, {"start": "00:09:39", "end": "00:09:42", "text": "it's really hard to know. Like and I"}, {"start": "00:09:41", "end": "00:09:43", "text": "know a lot of people just want me to"}, {"start": "00:09:42", "end": "00:09:45", "text": "take a stand and say one way or the"}, {"start": "00:09:43", "end": "00:09:48", "text": "other. It's really hard to know because"}, {"start": "00:09:45", "end": "00:09:50", "text": "on one hand, if I were to look at at"}, {"start": "00:09:48", "end": "00:09:53", "text": "2018"}, {"start": "00:09:50", "end": "00:09:54", "text": "and compare it to 2026, I could say that"}, {"start": "00:09:53", "end": "00:09:57", "text": "all right, well, back then we only got a"}, {"start": "00:09:54", "end": "00:09:59", "text": "sweep of the low, so why would we expect"}, {"start": "00:09:57", "end": "00:10:01", "text": "any more than that? Maybe we shouldn't."}, {"start": "00:09:59", "end": "00:10:03", "text": "But the counterpoint, right, the"}, {"start": "00:10:01", "end": "00:10:07", "text": "counterpoint is if you look at the"}, {"start": "00:10:03", "end": "00:10:09", "text": "year-to- date ROI of Bitcoin in 2026"}, {"start": "00:10:07", "end": "00:10:12", "text": "compared to the average of prior midterm"}, {"start": "00:10:09", "end": "00:10:14", "text": "years, like a lot of times kind of in"}, {"start": "00:10:12", "end": "00:10:16", "text": "that midJune time frame, you see a you"}, {"start": "00:10:14", "end": "00:10:20", "text": "see sort of the market drop. And if you"}, {"start": "00:10:16", "end": "00:10:22", "text": "look at 2014,"}, {"start": "00:10:20", "end": "00:10:23", "text": "this I mean this is not, but but 2014"}, {"start": "00:10:22", "end": "00:10:25", "text": "already kind of had the rally up to"}, {"start": "00:10:23", "end": "00:10:27", "text": "these highs or sorry, in 206, we already"}, {"start": "00:10:25", "end": "00:10:30", "text": "had the rally up to those levels. If you"}, {"start": "00:10:27", "end": "00:10:32", "text": "look at 2018, you can see that the"}, {"start": "00:10:30", "end": "00:10:34", "text": "market went down and then it went down a"}, {"start": "00:10:32", "end": "00:10:36", "text": "little bit more, right? It went down a"}, {"start": "00:10:34", "end": "00:10:38", "text": "little bit more into mid June before"}, {"start": "00:10:36", "end": "00:10:42", "text": "getting that July rally. And that's"}, {"start": "00:10:38", "end": "00:10:46", "text": "what's so hard is like, you know,"}, {"start": "00:10:42", "end": "00:10:49", "text": "imagine if you sold in um"}, {"start": "00:10:46", "end": "00:10:51", "text": "in the first week of June 2022, right?"}, {"start": "00:10:49", "end": "00:10:53", "text": "Like, okay, maybe that would would have"}, {"start": "00:10:51", "end": "00:10:54", "text": "been a low and then the next week we"}, {"start": "00:10:53", "end": "00:10:58", "text": "then like the floor fell out, right? The"}, {"start": "00:10:54", "end": "00:11:00", "text": "floor fell out. Um and and sometimes you"}, {"start": "00:10:58", "end": "00:11:02", "text": "get these long wicks down and then the"}, {"start": "00:11:00", "end": "00:11:04", "text": "market just kind of slowly drifts lower."}, {"start": "00:11:02", "end": "00:11:07", "text": "Anyways, um and then and then you get"}, {"start": "00:11:04", "end": "00:11:09", "text": "another drop later on. It's so hard to"}, {"start": "00:11:07", "end": "00:11:11", "text": "know, right? Like it it is very very"}, {"start": "00:11:09", "end": "00:11:13", "text": "difficult to know exactly where those"}, {"start": "00:11:11", "end": "00:11:15", "text": "lows form. But again when you look at"}, {"start": "00:11:13", "end": "00:11:18", "text": "the year-to- date ROI in 2020 or sorry"}, {"start": "00:11:15", "end": "00:11:21", "text": "in 2018 and in 2022 you can see that"}, {"start": "00:11:18", "end": "00:11:25", "text": "Bitcoin did take another leg down into"}, {"start": "00:11:21", "end": "00:11:28", "text": "mid June and then it took you to about"}, {"start": "00:11:25", "end": "00:11:33", "text": "call it 55%"}, {"start": "00:11:28", "end": "00:11:35", "text": "down 55 to 60% down from the yearly open"}, {"start": "00:11:33", "end": "00:11:37", "text": "uh is where it took it both in 2018 and"}, {"start": "00:11:35", "end": "00:11:40", "text": "in 2022."}, {"start": "00:11:37", "end": "00:11:41", "text": "So and and again when you look at the"}, {"start": "00:11:40", "end": "00:11:43", "text": "average"}, {"start": "00:11:41", "end": "00:11:45", "text": "Sorry. When you look at the average and"}, {"start": "00:11:43", "end": "00:11:48", "text": "then throw on that one standard"}, {"start": "00:11:45", "end": "00:11:48", "text": "deviation,"}, {"start": "00:11:48", "end": "00:11:53", "text": "you can see like what I'm talking about."}, {"start": "00:11:51", "end": "00:11:56", "text": "So to sort of rally now would get us"}, {"start": "00:11:53", "end": "00:11:59", "text": "right back out of those bounds. If So my"}, {"start": "00:11:56", "end": "00:12:01", "text": "guess is that Bitcoin will likely stay"}, {"start": "00:11:59", "end": "00:12:04", "text": "somewhat weak through June. Even if the"}, {"start": "00:12:01", "end": "00:12:06", "text": "low is in, right? Even if the low is in,"}, {"start": "00:12:04", "end": "00:12:10", "text": "I doubt you're going to see us back"}, {"start": "00:12:06", "end": "00:12:11", "text": "going up too much uh before we get later"}, {"start": "00:12:10", "end": "00:12:14", "text": "in the summer. Kind of like if you look"}, {"start": "00:12:11", "end": "00:12:17", "text": "at 2018, even though we swept the low in"}, {"start": "00:12:14", "end": "00:12:20", "text": "June, like Bitcoin, so we swept the low,"}, {"start": "00:12:17", "end": "00:12:22", "text": "we went to 5,700, and then by early"}, {"start": "00:12:20", "end": "00:12:25", "text": "July, Bitcoin was still trading at like"}, {"start": "00:12:22", "end": "00:12:27", "text": "$6,000 on this wick down, and then it"}, {"start": "00:12:25", "end": "00:12:29", "text": "wasn't until later in July where you got"}, {"start": "00:12:27", "end": "00:12:30", "text": "the rally. So, I mean that that could be"}, {"start": "00:12:29", "end": "00:12:32", "text": "how it plays out too is that you get"}, {"start": "00:12:30", "end": "00:12:34", "text": "like this, you know, you Bitcoin"}, {"start": "00:12:32", "end": "00:12:36", "text": "struggles in June and then early July"}, {"start": "00:12:34", "end": "00:12:38", "text": "you sell off and be like, \"Oh, well, no,"}, {"start": "00:12:36", "end": "00:12:40", "text": "so much for the July July rally.\" And"}, {"start": "00:12:38", "end": "00:12:42", "text": "then you get the rally later in July"}, {"start": "00:12:40", "end": "00:12:46", "text": "kind of going into the late July, early"}, {"start": "00:12:42", "end": "00:12:48", "text": "August time frame. So, to dubiously"}, {"start": "00:12:46", "end": "00:12:51", "text": "speculate,"}, {"start": "00:12:48", "end": "00:12:54", "text": "my guess is that Bitcoin will form a low"}, {"start": "00:12:51", "end": "00:12:56", "text": "in June. It is too early, unfortunately,"}, {"start": "00:12:54", "end": "00:12:58", "text": "to know definitively if the low is in. I"}, {"start": "00:12:56", "end": "00:12:59", "text": "would say you have at least a point for"}, {"start": "00:12:58", "end": "00:13:01", "text": "the bulls that they were able to close"}, {"start": "00:12:59", "end": "00:13:03", "text": "back above the 200E moving average. So"}, {"start": "00:13:01", "end": "00:13:05", "text": "that's at least something. And if"}, {"start": "00:13:03", "end": "00:13:07", "text": "Bitcoin can hold the 200E moving average"}, {"start": "00:13:05", "end": "00:13:09", "text": "for the next couple of weeks, then I"}, {"start": "00:13:07", "end": "00:13:12", "text": "think that would significantly increase"}, {"start": "00:13:09", "end": "00:13:14", "text": "the odds of a counter trend rally into"}, {"start": "00:13:12", "end": "00:13:17", "text": "July, maybe back up to the bare market"}, {"start": "00:13:14", "end": "00:13:20", "text": "resistance band. Um, but it's too early"}, {"start": "00:13:17", "end": "00:13:23", "text": "in June to know honestly, you know, if"}, {"start": "00:13:20", "end": "00:13:25", "text": "that has to be the low or not, or if you"}, {"start": "00:13:23", "end": "00:13:27", "text": "get sort of like another drop down in"}, {"start": "00:13:25", "end": "00:13:28", "text": "2022. we actually did drop below the"}, {"start": "00:13:27", "end": "00:13:31", "text": "200E moving average and it actually"}, {"start": "00:13:28", "end": "00:13:35", "text": "happened in the in the in mid June,"}, {"start": "00:13:31", "end": "00:13:38", "text": "right? It happened in mid June. Um, and"}, {"start": "00:13:35", "end": "00:13:41", "text": "this is a good example of like if the"}, {"start": "00:13:38", "end": "00:13:43", "text": "low is in here, like if this is the low,"}, {"start": "00:13:41", "end": "00:13:46", "text": "you would likely see Bitcoin stay weak"}, {"start": "00:13:43", "end": "00:13:48", "text": "for a few more weeks before you get that"}, {"start": "00:13:46", "end": "00:13:50", "text": "counter trend rally into July, right?"}, {"start": "00:13:48", "end": "00:13:52", "text": "Before you get that counter trend rally,"}, {"start": "00:13:50", "end": "00:13:54", "text": "potentially back up to the bare market"}, {"start": "00:13:52", "end": "00:13:55", "text": "resistance band. So I think at this"}, {"start": "00:13:54", "end": "00:13:57", "text": "point it's more of like a wait and see"}, {"start": "00:13:55", "end": "00:13:59", "text": "in terms of like an academic exercise as"}, {"start": "00:13:57", "end": "00:14:01", "text": "to how this rest of the month is going"}, {"start": "00:13:59", "end": "00:14:03", "text": "to play out. Um every week will"}, {"start": "00:14:01", "end": "00:14:04", "text": "obviously have a lot of importance to"}, {"start": "00:14:03", "end": "00:14:07", "text": "it. If we can hold the 200E moving"}, {"start": "00:14:04", "end": "00:14:09", "text": "average for a second week, then the odds"}, {"start": "00:14:07", "end": "00:14:11", "text": "go up a lot that the the sort of the"}, {"start": "00:14:09", "end": "00:14:12", "text": "June low is in. So I'd say this this"}, {"start": "00:14:11", "end": "00:14:15", "text": "coming week is is going to be pretty"}, {"start": "00:14:12", "end": "00:14:17", "text": "critical in terms of you know sort of"}, {"start": "00:14:15", "end": "00:14:21", "text": "the overall structure of the market and"}, {"start": "00:14:17", "end": "00:14:23", "text": "um and how I see it playing out. But"}, {"start": "00:14:21", "end": "00:14:24", "text": "those are my views. I mean, again, it's"}, {"start": "00:14:23", "end": "00:14:26", "text": "just dubious speculation. The truth is,"}, {"start": "00:14:24", "end": "00:14:28", "text": "no one knows. I mean, short-term price"}, {"start": "00:14:26", "end": "00:14:30", "text": "action is is a random walk, right? It's"}, {"start": "00:14:28", "end": "00:14:32", "text": "geometric bounty in motion. It we can't"}, {"start": "00:14:30", "end": "00:14:34", "text": "hope to predict it. And that's why we"}, {"start": "00:14:32", "end": "00:14:36", "text": "dubiously speculate about it because,"}, {"start": "00:14:34", "end": "00:14:38", "text": "you know, like who knows, right? Who"}, {"start": "00:14:36", "end": "00:14:40", "text": "knows? But the structure of the market,"}, {"start": "00:14:38", "end": "00:14:41", "text": "like the larger structure of the market"}, {"start": "00:14:40", "end": "00:14:43", "text": "is intact, right? Your your February"}, {"start": "00:14:41", "end": "00:14:46", "text": "lows and your June lows. This is"}, {"start": "00:14:43", "end": "00:14:48", "text": "something that often plays out and you"}, {"start": "00:14:46", "end": "00:14:49", "text": "can see that it's actually played out."}, {"start": "00:14:48", "end": "00:14:51", "text": "Once again, the only real question in"}, {"start": "00:14:49", "end": "00:14:55", "text": "the air is exactly where is the June"}, {"start": "00:14:51", "end": "00:14:57", "text": "low? Is it in at 59K or do you go"}, {"start": "00:14:55", "end": "00:15:00", "text": "slightly lower later in June and then"}, {"start": "00:14:57", "end": "00:15:01", "text": "sort of work off of that? So, we'll see."}, {"start": "00:15:00", "end": "00:15:02", "text": "We have to take this one day at a time."}, {"start": "00:15:01", "end": "00:15:03", "text": "Thank you guys for tuning in. Make sure"}, {"start": "00:15:02", "end": "00:15:06", "text": "you subscribe. Give the video a thumbs"}, {"start": "00:15:03", "end": "00:15:07", "text": "up. Um, and I will and I know we're"}, {"start": "00:15:06", "end": "00:15:10", "text": "almost at a million subscribers. That's"}, {"start": "00:15:07", "end": "00:15:11", "text": "kind of cool. Um,"}, {"start": "00:15:10", "end": "00:15:12", "text": "we'll see. We'll see if I can hit that."}, {"start": "00:15:11", "end": "00:15:13", "text": "I think I'm going to hit it relatively"}, {"start": "00:15:12", "end": "00:15:16", "text": "soon. So, make sure you guys subscribe"}, {"start": "00:15:13", "end": "00:15:16", "text": "and I'll see you next time. Bye."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "My argument now is that we are in fact"}, {"start": "00:00:03", "end": "00:00:09", "text": "in stage three of the bare market. I"}, {"start": "00:00:06", "end": "00:00:12", "text": "believe this stage will last"}, {"start": "00:00:09", "end": "00:00:15", "text": "approximately the same length as the"}, {"start": "00:00:12", "end": "00:00:19", "text": "first two stages. So this one in my"}, {"start": "00:00:15", "end": "00:00:22", "text": "opinion will take us from June of 2026"}, {"start": "00:00:19", "end": "00:00:27", "text": "to October of 2026."}, {"start": "00:00:22", "end": "00:00:31", "text": "And that is stage three of the bare"}, {"start": "00:00:27", "end": "00:00:34", "text": "market where arguably at this point a"}, {"start": "00:00:31", "end": "00:00:37", "text": "majority of the people do believe it's a"}, {"start": "00:00:34", "end": "00:00:39", "text": "bare market. One of the things I will"}, {"start": "00:00:37", "end": "00:00:42", "text": "often do on Twitter is I'll put out"}, {"start": "00:00:39", "end": "00:00:45", "text": "polls and those polls will say stuff"}, {"start": "00:00:42", "end": "00:00:49", "text": "like where is Bitcoin headed first and a"}, {"start": "00:00:45", "end": "00:00:52", "text": "lot of people think that if the majority"}, {"start": "00:00:49", "end": "00:00:55", "text": "says one direction then the majority is"}, {"start": "00:00:52", "end": "00:00:58", "text": "wrong. But I think the last several"}, {"start": "00:00:55", "end": "00:01:00", "text": "polls that I put out, the majority was"}, {"start": "00:00:58", "end": "00:01:00", "text": "actually"}]

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

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

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

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

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

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

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

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

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

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

[{"start": "00:00:00", "end": "00:00:03", "text": "There's a reality that this is a"}, {"start": "00:00:01", "end": "00:00:05", "text": "competition to the US dollar and big"}, {"start": "00:00:03", "end": "00:00:07", "text": "banking. And that's why you've got"}, {"start": "00:00:05", "end": "00:00:09", "text": "people like Senator Elizabeth Warren and"}, {"start": "00:00:07", "end": "00:00:10", "text": "others that are put digging their heels"}, {"start": "00:00:09", "end": "00:00:12", "text": "in that this is this is going to ruin"}, {"start": "00:00:10", "end": "00:00:14", "text": "the economy because it's a competitive"}, {"start": "00:00:12", "end": "00:00:16", "text": "nature to big banking. If they could"}, {"start": "00:00:14", "end": "00:00:18", "text": "have banned it, they would have banned"}, {"start": "00:00:16", "end": "00:00:20", "text": "it. And now we're in a place where uh"}, {"start": "00:00:18", "end": "00:00:22", "text": "they're instead of fighting it, I think"}, {"start": "00:00:20", "end": "00:00:24", "text": "they're embracing it. I mean, not just"}, {"start": "00:00:22", "end": "00:00:25", "text": "the US government's got its reserve, but"}, {"start": "00:00:24", "end": "00:00:27", "text": "other countries around the world are"}, {"start": "00:00:25", "end": "00:00:29", "text": "looking at reserves, and big banking"}, {"start": "00:00:27", "end": "00:00:30", "text": "corporations like Black Rockck and"}, {"start": "00:00:29", "end": "00:00:31", "text": "others have added this to the balance"}, {"start": "00:00:30", "end": "00:00:32", "text": "sheet."}, {"start": "00:00:31", "end": "00:00:34", "text": ">> All right, Chris, we're going to cover"}, {"start": "00:00:32", "end": "00:00:36", "text": "the three biggest myths about Bitcoin."}, {"start": "00:00:34", "end": "00:00:37", "text": "The first one is it's too late to buy"}, {"start": "00:00:36", "end": "00:00:39", "text": "Bitcoin. It already ran up a bunch."}, {"start": "00:00:37", "end": "00:00:40", "text": "There's no return left. What do you say"}, {"start": "00:00:39", "end": "00:00:42", "text": "to that?"}, {"start": "00:00:40", "end": "00:00:43", "text": ">> I think that's kind of a silly concept"}, {"start": "00:00:42", "end": "00:00:46", "text": "when you're talking about something that"}, {"start": "00:00:43", "end": "00:00:47", "text": "has scarcity uh unlike any other asset"}, {"start": "00:00:46", "end": "00:00:49", "text": "class that's out there. We're talking"}, {"start": "00:00:47", "end": "00:00:50", "text": "about trillion dollar IPOs right now and"}, {"start": "00:00:49", "end": "00:00:53", "text": "and you're worried that Bitcoin is not"}, {"start": "00:00:50", "end": "00:00:54", "text": "going to get to uh two or three maybe"}, {"start": "00:00:53", "end": "00:00:56", "text": "even 10x where it's at today. What do"}, {"start": "00:00:54", "end": "00:00:57", "text": "you think?"}, {"start": "00:00:56", "end": "00:00:58", "text": ">> Well, I definitely think that the"}, {"start": "00:00:57", "end": "00:01:01", "text": "trillion dollar IPO is a great point."}, {"start": "00:00:58", "end": "00:01:02", "text": "But more importantly is not so much what"}, {"start": "00:01:01", "end": "00:01:03", "text": "is the solution, but what is the"}, {"start": "00:01:02", "end": "00:01:04", "text": "problem? The problem is government"}, {"start": "00:01:03", "end": "00:01:06", "text": "spending. It's undisiplined. They"}, {"start": "00:01:04", "end": "00:01:07", "text": "continue to print as much money as they"}, {"start": "00:01:06", "end": "00:01:09", "text": "possibly can. These people are like"}, {"start": "00:01:07", "end": "00:01:11", "text": "drunken sailors. Both sides of the aisle"}, {"start": "00:01:09", "end": "00:01:13", "text": "do it. And so if the problem is going to"}, {"start": "00:01:11", "end": "00:01:14", "text": "persist, then of course the solution is"}, {"start": "00:01:13", "end": "00:01:16", "text": "only going to become more valuable over"}, {"start": "00:01:14", "end": "00:01:18", "text": "time. And if you look at Bitcoin's"}, {"start": "00:01:16", "end": "00:01:19", "text": "performance over the last decade or so,"}, {"start": "00:01:18", "end": "00:01:20", "text": "well, guess what's happening"}, {"start": "00:01:19", "end": "00:01:22", "text": "simultaneously? The government was"}, {"start": "00:01:20", "end": "00:01:23", "text": "printing and printing and printing. And"}, {"start": "00:01:22", "end": "00:01:25", "text": "so, if they're going to keep printing,"}, {"start": "00:01:23", "end": "00:01:27", "text": "then Bitcoin's going to keep going up."}, {"start": "00:01:25", "end": "00:01:28", "text": "And I always love the saying that uh"}, {"start": "00:01:27", "end": "00:01:30", "text": "Bitcoin's got no top because the"}, {"start": "00:01:28", "end": "00:01:31", "text": "dollar's got no bottom. And seems like"}, {"start": "00:01:30", "end": "00:01:32", "text": "that's going to be the thing going"}, {"start": "00:01:31", "end": "00:01:33", "text": "forward."}, {"start": "00:01:32", "end": "00:01:35", "text": ">> Yeah, I totally agree with that. When"}, {"start": "00:01:33", "end": "00:01:37", "text": "you think about it in in relativity to"}, {"start": "00:01:35", "end": "00:01:39", "text": "all the other assets out there,"}, {"start": "00:01:37", "end": "00:01:40", "text": "especially fiat currency today, uh"}, {"start": "00:01:39", "end": "00:01:41", "text": "there's no doubt to me that every and"}, {"start": "00:01:40", "end": "00:01:43", "text": "you're right, both sides of the aisle"}, {"start": "00:01:41", "end": "00:01:44", "text": "are doing it. When there's a problem,"}, {"start": "00:01:43", "end": "00:01:47", "text": "they press print. Uh, and that's what"}, {"start": "00:01:44", "end": "00:01:48", "text": "we're left with is uh a more debased"}, {"start": "00:01:47", "end": "00:01:50", "text": "currency. I think it's they averaged it"}, {"start": "00:01:48", "end": "00:01:52", "text": "out like it's like 8 to nine% debasement"}, {"start": "00:01:50", "end": "00:01:54", "text": "per year now. And that's what they're"}, {"start": "00:01:52", "end": "00:01:55", "text": "reporting. I mean, you you and I look at"}, {"start": "00:01:54", "end": "00:01:57", "text": "trueflation and things like that."}, {"start": "00:01:55", "end": "00:02:00", "text": "Nothing nothing has changed as far as"}, {"start": "00:01:57", "end": "00:02:02", "text": "the the prescription of problems out of"}, {"start": "00:02:00", "end": "00:02:04", "text": "DC and nothing will change for quite a"}, {"start": "00:02:02", "end": "00:02:05", "text": "while. They they backed themselves into"}, {"start": "00:02:04", "end": "00:02:07", "text": "this corner uh and there there's no"}, {"start": "00:02:05", "end": "00:02:09", "text": "getting out of it. It's either play with"}, {"start": "00:02:07", "end": "00:02:11", "text": "rates or print money."}, {"start": "00:02:09", "end": "00:02:13", "text": ">> I mean, it is pretty uh pretty insane,"}, {"start": "00:02:11", "end": "00:02:15", "text": "but we have a solution. So now everyone"}, {"start": "00:02:13", "end": "00:02:17", "text": "can uh can calm down. Um all right, myth"}, {"start": "00:02:15", "end": "00:02:18", "text": "number two. Uh actually somebody was"}, {"start": "00:02:17", "end": "00:02:20", "text": "just talking to me about this, not about"}, {"start": "00:02:18", "end": "00:02:21", "text": "retirement savings, but about Bitcoin's"}, {"start": "00:02:20", "end": "00:02:23", "text": "volatility. It's a little bit closer"}, {"start": "00:02:21", "end": "00:02:26", "text": "home to you guys. Bitcoin is too"}, {"start": "00:02:23", "end": "00:02:27", "text": "volatile for retirement savings. Yes or"}, {"start": "00:02:26", "end": "00:02:30", "text": "no?"}, {"start": "00:02:27", "end": "00:02:32", "text": ">> I like to put the most volatile or risky"}, {"start": "00:02:30", "end": "00:02:34", "text": "assets in my retirement. Maybe call me"}, {"start": "00:02:32", "end": "00:02:35", "text": "crazy. Uh my grandfather's probably"}, {"start": "00:02:34", "end": "00:02:37", "text": "rolling over in his grave because, you"}, {"start": "00:02:35", "end": "00:02:39", "text": "know, it was all about index funds and"}, {"start": "00:02:37", "end": "00:02:41", "text": "those types of things. I saw some pieces"}, {"start": "00:02:39", "end": "00:02:44", "text": "from you recently. But to me, that's the"}, {"start": "00:02:41", "end": "00:02:46", "text": "longest horizon I have. I have 20, 30,"}, {"start": "00:02:44", "end": "00:02:47", "text": "40 years before I'll even touch this."}, {"start": "00:02:46", "end": "00:02:48", "text": "And it might be something that's"}, {"start": "00:02:47", "end": "00:02:50", "text": "generational wealth that I hand down to"}, {"start": "00:02:48", "end": "00:02:52", "text": "the next generation and they take the"}, {"start": "00:02:50", "end": "00:02:54", "text": "distributions out. Uh to me, that's that"}, {"start": "00:02:52", "end": "00:02:56", "text": "makes sense as an asset. Uh when you"}, {"start": "00:02:54", "end": "00:02:58", "text": "think about it in 10ear time periods or"}, {"start": "00:02:56", "end": "00:03:00", "text": "20-year time periods, when in doubt, you"}, {"start": "00:02:58", "end": "00:03:03", "text": "zoom out uh and you don't have that same"}, {"start": "00:03:00", "end": "00:03:05", "text": "noise of short-term aberrations."}, {"start": "00:03:03", "end": "00:03:07", "text": ">> Thing that's interesting about this like"}, {"start": "00:03:05", "end": "00:03:09", "text": "long time horizon is you want to match"}, {"start": "00:03:07", "end": "00:03:10", "text": "duration, right? One of the things that"}, {"start": "00:03:09", "end": "00:03:12", "text": "is known in finance is when you have"}, {"start": "00:03:10", "end": "00:03:14", "text": "duration mismatch, that's when problems"}, {"start": "00:03:12", "end": "00:03:16", "text": "get caused, right? So, if you lend to me"}, {"start": "00:03:14", "end": "00:03:17", "text": "short-term money and I then turn around"}, {"start": "00:03:16", "end": "00:03:19", "text": "and I lend it out long term, well, if"}, {"start": "00:03:17", "end": "00:03:20", "text": "you want it back in the short term, I"}, {"start": "00:03:19", "end": "00:03:23", "text": "don't have it because it's sitting there"}, {"start": "00:03:20", "end": "00:03:24", "text": "in long duration type uh assets. Now,"}, {"start": "00:03:23", "end": "00:03:27", "text": "what you're talking about is a"}, {"start": "00:03:24", "end": "00:03:28", "text": "retirement savings is a long duration"}, {"start": "00:03:27", "end": "00:03:31", "text": "vehicle. It is not going to be"}, {"start": "00:03:28", "end": "00:03:32", "text": "accessible until whatever late 50s,"}, {"start": "00:03:31", "end": "00:03:35", "text": "early 60s depending on the exact vehicle"}, {"start": "00:03:32", "end": "00:03:38", "text": "that you use. And so if you're 20, 30,"}, {"start": "00:03:35", "end": "00:03:40", "text": "even 40 years old, you have a decade,"}, {"start": "00:03:38", "end": "00:03:42", "text": "two decades, three decades that you have"}, {"start": "00:03:40", "end": "00:03:44", "text": "to hold the assets in there. And so"}, {"start": "00:03:42", "end": "00:03:46", "text": "matching a longduration vehicle with a"}, {"start": "00:03:44", "end": "00:03:50", "text": "long duration asset like Bitcoin, 1 plus"}, {"start": "00:03:46", "end": "00:03:51", "text": "1 equals three if uh if you do math like"}, {"start": "00:03:50", "end": "00:03:53", "text": "me, right?"}, {"start": "00:03:51", "end": "00:03:55", "text": ">> Yeah, I agree with you on that. And when"}, {"start": "00:03:53", "end": "00:03:56", "text": "you also think about it, uh the tax"}, {"start": "00:03:55", "end": "00:03:58", "text": "advantage nature of it. So, not just the"}, {"start": "00:03:56", "end": "00:03:59", "text": "timetable, but you're putting this money"}, {"start": "00:03:58", "end": "00:04:01", "text": "aside. The government gives you a"}, {"start": "00:03:59", "end": "00:04:04", "text": "benefit of putting it aside either via"}, {"start": "00:04:01", "end": "00:04:06", "text": "tax deductions or tax-free growth or"}, {"start": "00:04:04", "end": "00:04:08", "text": "taxfree distributions down the road. If"}, {"start": "00:04:06", "end": "00:04:10", "text": "Bitcoin does what you anticipate it to"}, {"start": "00:04:08", "end": "00:04:12", "text": "do in 30, 40 years, which the numbers"}, {"start": "00:04:10", "end": "00:04:13", "text": "are, I mean, I we don't even need to"}, {"start": "00:04:12", "end": "00:04:17", "text": "throw those out there, but what people"}, {"start": "00:04:13", "end": "00:04:19", "text": "think a 21 million uh fixed rate and"}, {"start": "00:04:17", "end": "00:04:21", "text": "scarcity is going to look like in say 40"}, {"start": "00:04:19", "end": "00:04:22", "text": "or 50 years, uh that's the place you"}, {"start": "00:04:21", "end": "00:04:24", "text": "want to be. You want to use a tool to"}, {"start": "00:04:22", "end": "00:04:25", "text": "your advantage. And there's very few"}, {"start": "00:04:24", "end": "00:04:27", "text": "tools the government gives us these"}, {"start": "00:04:25", "end": "00:04:28", "text": "days, right? There's not not a lot. And"}, {"start": "00:04:27", "end": "00:04:30", "text": "this is one of those places where, hey,"}, {"start": "00:04:28", "end": "00:04:31", "text": "they give us a little break. You put the"}, {"start": "00:04:30", "end": "00:04:33", "text": "money aside for long term and we're"}, {"start": "00:04:31", "end": "00:04:34", "text": "going to allow it to grow taxfree for"}, {"start": "00:04:33", "end": "00:04:35", "text": "you."}, {"start": "00:04:34", "end": "00:04:37", "text": ">> You know what's interesting to me is"}, {"start": "00:04:35", "end": "00:04:40", "text": "Jeff Bezos recently talking about the"}, {"start": "00:04:37", "end": "00:04:43", "text": "bottom 50% of Americans pay 3% of all"}, {"start": "00:04:40", "end": "00:04:44", "text": "federal um kind of contributions and he"}, {"start": "00:04:43", "end": "00:04:46", "text": "thinks that they shouldn't have to pay"}, {"start": "00:04:44", "end": "00:04:48", "text": "taxes for that. I thought it was one"}, {"start": "00:04:46", "end": "00:04:49", "text": "obviously a very powerful idea. 50% of"}, {"start": "00:04:48", "end": "00:04:51", "text": "Americans would love Jeff Bezos and they"}, {"start": "00:04:49", "end": "00:04:53", "text": "would love the US government if they uh"}, {"start": "00:04:51", "end": "00:04:55", "text": "if they instilled that. But more"}, {"start": "00:04:53", "end": "00:04:57", "text": "importantly is we finally are having"}, {"start": "00:04:55", "end": "00:04:59", "text": "people at the national level have a"}, {"start": "00:04:57", "end": "00:05:01", "text": "conversation about it's not just what"}, {"start": "00:04:59", "end": "00:05:04", "text": "are real wages, what is the cost of"}, {"start": "00:05:01", "end": "00:05:06", "text": "inflation, but we're also talking about"}, {"start": "00:05:04", "end": "00:05:08", "text": "how do we have more after tax dollars"}, {"start": "00:05:06", "end": "00:05:09", "text": "left in people's pocket. And so if"}, {"start": "00:05:08", "end": "00:05:12", "text": "you're able to attack this in three"}, {"start": "00:05:09", "end": "00:05:15", "text": "ways, get inflation down, get real wages"}, {"start": "00:05:12", "end": "00:05:17", "text": "up, but also after tax dollars being"}, {"start": "00:05:15", "end": "00:05:18", "text": "much higher, then you can maybe start to"}, {"start": "00:05:17", "end": "00:05:20", "text": "put a dent into some of the financial"}, {"start": "00:05:18", "end": "00:05:21", "text": "pain that people are feeling."}, {"start": "00:05:20", "end": "00:05:23", "text": ">> Absolutely. And well, you know, the"}, {"start": "00:05:21", "end": "00:05:25", "text": "problem though is the pendulum swings."}, {"start": "00:05:23", "end": "00:05:26", "text": "It's a it's an election year. Uh and so"}, {"start": "00:05:25", "end": "00:05:28", "text": "we'll see. It's it's going to be an"}, {"start": "00:05:26", "end": "00:05:30", "text": "interesting end of the year here with"}, {"start": "00:05:28", "end": "00:05:32", "text": "with what's what's going to happen. Um"}, {"start": "00:05:30", "end": "00:05:34", "text": "and it does swing, right? We we went"}, {"start": "00:05:32", "end": "00:05:36", "text": "hard right and we go hard left. And uh"}, {"start": "00:05:34", "end": "00:05:37", "text": "and most of America sits right in the"}, {"start": "00:05:36", "end": "00:05:38", "text": "middle and they just want more money in"}, {"start": "00:05:37", "end": "00:05:41", "text": "their pockets. that's really that's"}, {"start": "00:05:38", "end": "00:05:42", "text": "that's all they need to to to make it"}, {"start": "00:05:41", "end": "00:05:44", "text": "make their lives a little bit better"}, {"start": "00:05:42", "end": "00:05:46", "text": "every year is uh either you make things"}, {"start": "00:05:44", "end": "00:05:47", "text": "less expensive, which is really hard to"}, {"start": "00:05:46", "end": "00:05:49", "text": "do when you're printing money to"}, {"start": "00:05:47", "end": "00:05:51", "text": "oblivion, or you give them a little bit"}, {"start": "00:05:49", "end": "00:05:52", "text": "of a tax relief out there. And I think"}, {"start": "00:05:51", "end": "00:05:54", "text": "that's the next evolution that's coming"}, {"start": "00:05:52", "end": "00:05:57", "text": "uh in the next couple of years."}, {"start": "00:05:54", "end": "00:05:59", "text": ">> No tax on tips, no tax on social"}, {"start": "00:05:57", "end": "00:06:00", "text": "security, no tax on income. He throws"}, {"start": "00:05:59", "end": "00:06:02", "text": "that third one in there, he going to"}, {"start": "00:06:00", "end": "00:06:04", "text": "have a lot of people very excited about"}, {"start": "00:06:02", "end": "00:06:06", "text": ">> Yeah, he might get three terms with that"}, {"start": "00:06:04", "end": "00:06:08", "text": "one."}, {"start": "00:06:06", "end": "00:06:10", "text": ">> No tax on income. he throws that one in,"}, {"start": "00:06:08", "end": "00:06:12", "text": "that would be gang busters. All right,"}, {"start": "00:06:10", "end": "00:06:14", "text": "third myth is the government will ban"}, {"start": "00:06:12", "end": "00:06:16", "text": "it. This was very popular narrative back"}, {"start": "00:06:14", "end": "00:06:18", "text": "in the 2010s. Uh I think people maybe"}, {"start": "00:06:16", "end": "00:06:20", "text": "now start to believe that's not going to"}, {"start": "00:06:18", "end": "00:06:22", "text": "happen, but what's your view?"}, {"start": "00:06:20", "end": "00:06:24", "text": ">> You know, it's really hard to put the"}, {"start": "00:06:22", "end": "00:06:25", "text": "Pandora back in the box, right? You"}, {"start": "00:06:24", "end": "00:06:27", "text": "know, we're out and this is there's"}, {"start": "00:06:25", "end": "00:06:30", "text": "there's a there's a reality that this is"}, {"start": "00:06:27", "end": "00:06:31", "text": "a competition to the US dollar and big"}, {"start": "00:06:30", "end": "00:06:33", "text": "banking. And that's why you've got"}, {"start": "00:06:31", "end": "00:06:35", "text": "people like Senator Elizabeth Warren and"}, {"start": "00:06:33", "end": "00:06:37", "text": "others that are put digging their heels"}, {"start": "00:06:35", "end": "00:06:39", "text": "in that this is this is going to ruin"}, {"start": "00:06:37", "end": "00:06:42", "text": "the economy because it's a competitive"}, {"start": "00:06:39", "end": "00:06:44", "text": "nature to big banking. Um but you know"}, {"start": "00:06:42", "end": "00:06:46", "text": "that if they could have banned it, they"}, {"start": "00:06:44", "end": "00:06:48", "text": "would have banned it. And now we're in a"}, {"start": "00:06:46", "end": "00:06:49", "text": "place where uh they're instead of"}, {"start": "00:06:48", "end": "00:06:51", "text": "fighting it, I think they're embracing"}, {"start": "00:06:49", "end": "00:06:53", "text": "it. I mean, not just the US government's"}, {"start": "00:06:51", "end": "00:06:54", "text": "got its reserve, but other countries"}, {"start": "00:06:53", "end": "00:06:57", "text": "around the world are looking at reserves"}, {"start": "00:06:54", "end": "00:06:59", "text": "and big banking corporations like Black"}, {"start": "00:06:57", "end": "00:07:00", "text": "Rockck and others have added this to the"}, {"start": "00:06:59", "end": "00:07:03", "text": "balance sheet. Uh, and you've got the"}, {"start": "00:07:00", "end": "00:07:04", "text": "the OG gangster himself, Michael Sailor,"}, {"start": "00:07:03", "end": "00:07:05", "text": "that's that's like, \"Yeah, I might have"}, {"start": "00:07:04", "end": "00:07:07", "text": "to sell some Bitcoin, but I'm just going"}, {"start": "00:07:05", "end": "00:07:10", "text": "to buy more than I sell in a in a given"}, {"start": "00:07:07", "end": "00:07:11", "text": "time period.\" So, this the new world is"}, {"start": "00:07:10", "end": "00:07:14", "text": "Bitcoin's a part of this. It's here to"}, {"start": "00:07:11", "end": "00:07:15", "text": "stay. Uh, I I don't see uh some fashion"}, {"start": "00:07:14", "end": "00:07:19", "text": "where you can ban these things. And"}, {"start": "00:07:15", "end": "00:07:21", "text": "let's not forget back in 1933,"}, {"start": "00:07:19", "end": "00:07:24", "text": "um, President Roosevelt banned ownership"}, {"start": "00:07:21", "end": "00:07:25", "text": "of gold and silver uh because it was to"}, {"start": "00:07:24", "end": "00:07:27", "text": "help basically fund the New Deal. They"}, {"start": "00:07:25", "end": "00:07:28", "text": "confiscated all the gold and silver. And"}, {"start": "00:07:27", "end": "00:07:30", "text": "then the next day after they got"}, {"start": "00:07:28", "end": "00:07:32", "text": "everybody's gold and silver turned in,"}, {"start": "00:07:30", "end": "00:07:33", "text": "uh, they doubled the price of gold. They"}, {"start": "00:07:32", "end": "00:07:35", "text": "they they basically manipulated the"}, {"start": "00:07:33", "end": "00:07:37", "text": "whole thing. This is a different world"}, {"start": "00:07:35", "end": "00:07:39", "text": "today. Back then, America, it was a much"}, {"start": "00:07:37", "end": "00:07:41", "text": "smaller population. Uh, it was all about"}, {"start": "00:07:39", "end": "00:07:43", "text": "helping everybody out. We were all in"}, {"start": "00:07:41", "end": "00:07:45", "text": "trouble. Today's world, I just don't see"}, {"start": "00:07:43", "end": "00:07:47", "text": "something like that working. I don't see"}, {"start": "00:07:45", "end": "00:07:50", "text": "them taking my Bitcoin from my cold"}, {"start": "00:07:47", "end": "00:07:51", "text": "bloody hands. Right. All right, guys."}, {"start": "00:07:50", "end": "00:07:52", "text": "Let's talk about something that's"}, {"start": "00:07:51", "end": "00:07:54", "text": "actually moving the needle in crypto"}, {"start": "00:07:52", "end": "00:07:56", "text": "right now, and that's my guys over at"}, {"start": "00:07:54", "end": "00:07:58", "text": "Arch Public. These guys are killing it."}, {"start": "00:07:56", "end": "00:07:59", "text": "They continue to lead the way in"}, {"start": "00:07:58", "end": "00:08:01", "text": "everything that's got to do with agentic"}, {"start": "00:07:59", "end": "00:08:02", "text": "trading and everyone knows that nothing"}, {"start": "00:08:01", "end": "00:08:04", "text": "else is being talked about in the market"}, {"start": "00:08:02", "end": "00:08:06", "text": "other than let your AI agents trade"}, {"start": "00:08:04", "end": "00:08:08", "text": "whatever asset you want. Now with the"}, {"start": "00:08:06", "end": "00:08:10", "text": "addition of Archai, the market wave"}, {"start": "00:08:08", "end": "00:08:12", "text": "algorithm and their tax harvest tool,"}, {"start": "00:08:10", "end": "00:08:14", "text": "they have turned this into a true"}, {"start": "00:08:12", "end": "00:08:16", "text": "one-stop shop for automated trading."}, {"start": "00:08:14", "end": "00:08:18", "text": "They have now over 25,000 users that"}, {"start": "00:08:16", "end": "00:08:20", "text": "includes several corporate treasuries,"}, {"start": "00:08:18", "end": "00:08:22", "text": "asset managers, and businesses. And so"}, {"start": "00:08:20", "end": "00:08:24", "text": "the testing phase for Arch Public that"}, {"start": "00:08:22", "end": "00:08:25", "text": "is over. They have perfected how to"}, {"start": "00:08:24", "end": "00:08:28", "text": "automate advanced trading strategies"}, {"start": "00:08:25", "end": "00:08:30", "text": "without ever taking custody or asking"}, {"start": "00:08:28", "end": "00:08:32", "text": "you for your private keys. It's a big"}, {"start": "00:08:30", "end": "00:08:34", "text": "deal obviously. So, Arch Public is an"}, {"start": "00:08:32", "end": "00:08:36", "text": "action speak louder than words type"}, {"start": "00:08:34", "end": "00:08:38", "text": "company. That's what I like to see. They"}, {"start": "00:08:36", "end": "00:08:40", "text": "give every user access to their platform"}, {"start": "00:08:38", "end": "00:08:41", "text": "absolutely free. You get to test it. You"}, {"start": "00:08:40", "end": "00:08:43", "text": "run the strategies. You watch the"}, {"start": "00:08:41", "end": "00:08:45", "text": "performance in real time. And then only"}, {"start": "00:08:43", "end": "00:08:48", "text": "after all of that do you put real money"}, {"start": "00:08:45", "end": "00:08:50", "text": "in to go put it to work when you're 100%"}, {"start": "00:08:48", "end": "00:08:52", "text": "comfortable. That's it. No pressure, no"}, {"start": "00:08:50", "end": "00:08:54", "text": "hidden fees, no gotchas, none of that"}, {"start": "00:08:52", "end": "00:08:56", "text": "nonsense. Go to archpubic.com right now"}, {"start": "00:08:54", "end": "00:08:58", "text": "and you can get started for free. Once"}, {"start": "00:08:56", "end": "00:09:00", "text": "you see how you can accumulate and"}, {"start": "00:08:58", "end": "00:09:02", "text": "manage crypto this way, you'll never"}, {"start": "00:09:00", "end": "00:09:06", "text": "trade the same again. archpub.com. Go"}, {"start": "00:09:02", "end": "00:09:06", "text": "check them out today."}, {"start": "00:09:06", "end": "00:09:10", "text": "It it is pretty fascinating to uh to see"}, {"start": "00:09:08", "end": "00:09:13", "text": "that once the big Wall Street firms got"}, {"start": "00:09:10", "end": "00:09:16", "text": "involved, like Bitcoin became safe,"}, {"start": "00:09:13", "end": "00:09:18", "text": "right? In a weird way, Wall Street is uh"}, {"start": "00:09:16", "end": "00:09:21", "text": "a protector against government overreach"}, {"start": "00:09:18", "end": "00:09:23", "text": "because they're all buddies, right? You"}, {"start": "00:09:21", "end": "00:09:24", "text": "know, it's like this revolving door"}, {"start": "00:09:23", "end": "00:09:26", "text": "between some of the Wall Street firms in"}, {"start": "00:09:24", "end": "00:09:28", "text": "Washington DC. Both sides of the aisle"}, {"start": "00:09:26", "end": "00:09:30", "text": "do it. All administrations do it. And so"}, {"start": "00:09:28", "end": "00:09:32", "text": "now once that is in their client's"}, {"start": "00:09:30", "end": "00:09:33", "text": "pocket, what are you going to do? You're"}, {"start": "00:09:32", "end": "00:09:36", "text": "going to show up to uh to Black Rockck"}, {"start": "00:09:33", "end": "00:09:37", "text": "or Fidelity or you know JP Morgan or any"}, {"start": "00:09:36", "end": "00:09:39", "text": "of these firms and say, \"Oh yeah, that"}, {"start": "00:09:37", "end": "00:09:40", "text": "revenue you got, that looks real nice."}, {"start": "00:09:39", "end": "00:09:41", "text": "Why don't you give me that?\""}, {"start": "00:09:40", "end": "00:09:43", "text": ">> There's there's no way that they're"}, {"start": "00:09:41", "end": "00:09:45", "text": "going to allow it to happen. It's pretty"}, {"start": "00:09:43", "end": "00:09:46", "text": "hard to uh fund raise for your next"}, {"start": "00:09:45", "end": "00:09:48", "text": "campaign when you're when you're taking"}, {"start": "00:09:46", "end": "00:09:50", "text": "uh money out of the pockets of the big"}, {"start": "00:09:48", "end": "00:09:51", "text": "boys. We all know that."}, {"start": "00:09:50", "end": "00:09:53", "text": ">> Yeah. Now, the other thing I'm I'm very"}, {"start": "00:09:51", "end": "00:09:55", "text": "interested, we continue to hear the"}, {"start": "00:09:53", "end": "00:09:57", "text": "White House and and uh um a couple of"}, {"start": "00:09:55", "end": "00:09:58", "text": "different adviserss talk about there's"}, {"start": "00:09:57", "end": "00:10:00", "text": "going to be some big announcement about"}, {"start": "00:09:58", "end": "00:10:01", "text": "the strategic Bitcoin reserve. You have"}, {"start": "00:10:00", "end": "00:10:02", "text": "any thoughts on what that could possibly"}, {"start": "00:10:01", "end": "00:10:04", "text": "be?"}, {"start": "00:10:02", "end": "00:10:05", "text": ">> You know, well, I think I mean for me"}, {"start": "00:10:04", "end": "00:10:07", "text": "right now, I'm still waiting for the"}, {"start": "00:10:05", "end": "00:10:09", "text": "passage of clarity, right? I think we're"}, {"start": "00:10:07", "end": "00:10:11", "text": "all like I think clarity leads to"}, {"start": "00:10:09", "end": "00:10:13", "text": "reserve in a lot of ways. Um uh but"}, {"start": "00:10:11", "end": "00:10:15", "text": "yeah, I think one thing that's what"}, {"start": "00:10:13", "end": "00:10:16", "text": "that's interesting is that the holdings"}, {"start": "00:10:15", "end": "00:10:18", "text": "that they have in most other countries,"}, {"start": "00:10:16", "end": "00:10:20", "text": "they're not selling it. They're they're"}, {"start": "00:10:18", "end": "00:10:22", "text": "holding it. So like normally, you know,"}, {"start": "00:10:20", "end": "00:10:24", "text": "if they confiscate a big a big asset"}, {"start": "00:10:22", "end": "00:10:27", "text": "like um they confiscate a large asset"}, {"start": "00:10:24", "end": "00:10:29", "text": "from say uh some kind of FBI or DEA"}, {"start": "00:10:27", "end": "00:10:31", "text": "thing and say it's a house or something,"}, {"start": "00:10:29", "end": "00:10:32", "text": "the first thing they do is they go and"}, {"start": "00:10:31", "end": "00:10:34", "text": "liquidate that asset, right? Uh and they"}, {"start": "00:10:32", "end": "00:10:36", "text": "turn it into cash and then it becomes"}, {"start": "00:10:34", "end": "00:10:39", "text": "part of the the treasury fund for uh"}, {"start": "00:10:36", "end": "00:10:41", "text": "balances uh for for operating budgets."}, {"start": "00:10:39", "end": "00:10:42", "text": "But with Bitcoin and and the Bitcoin"}, {"start": "00:10:41", "end": "00:10:44", "text": "holdings that they've they've taken in,"}, {"start": "00:10:42", "end": "00:10:46", "text": "they're not selling any of these things."}, {"start": "00:10:44", "end": "00:10:47", "text": "They're holding it, which is uh I guess"}, {"start": "00:10:46", "end": "00:10:50", "text": "the government has kind of become"}, {"start": "00:10:47", "end": "00:10:52", "text": "hodlers like you and I, right?"}, {"start": "00:10:50", "end": "00:10:54", "text": ">> I I tend to think so. Now, this is a"}, {"start": "00:10:52", "end": "00:10:54", "text": "bonus round. You didn't know this that I"}, {"start": "00:10:54", "end": "00:10:56", "text": "told you there's going to be three"}, {"start": "00:10:54", "end": "00:10:58", "text": "myths. There's actually a fourth. Uh"}, {"start": "00:10:56", "end": "00:10:59", "text": "quantum is something that everyone keeps"}, {"start": "00:10:58", "end": "00:11:01", "text": "talking about. Everyone's very worried"}, {"start": "00:10:59", "end": "00:11:03", "text": "that quantum technology could all of a"}, {"start": "00:11:01", "end": "00:11:05", "text": "sudden be a threat to Bitcoin. Agree or"}, {"start": "00:11:03", "end": "00:11:07", "text": "disagree?"}, {"start": "00:11:05", "end": "00:11:09", "text": ">> I disagree. I think this is kind of the"}, {"start": "00:11:07", "end": "00:11:10", "text": "FUD that's out there for the ones that"}, {"start": "00:11:09", "end": "00:11:12", "text": "maybe didn't get in or didn't believe"}, {"start": "00:11:10", "end": "00:11:14", "text": "that Bitcoin was going to be the future"}, {"start": "00:11:12", "end": "00:11:16", "text": "or strategic asset someday on balance"}, {"start": "00:11:14", "end": "00:11:18", "text": "sheets. Uh that somehow the computers"}, {"start": "00:11:16", "end": "00:11:20", "text": "are going to break blockchain. I I think"}, {"start": "00:11:18", "end": "00:11:22", "text": "that's absolute FUD that's out there. Um"}, {"start": "00:11:20", "end": "00:11:23", "text": "because what also is happening, what"}, {"start": "00:11:22", "end": "00:11:25", "text": "people forget is that this isn't like a"}, {"start": "00:11:23", "end": "00:11:26", "text": "white paper that just stayed a white"}, {"start": "00:11:25", "end": "00:11:29", "text": "paper. I have it on my wall behind me"}, {"start": "00:11:26", "end": "00:11:30", "text": "here. Uh it it has evolved. It's a"}, {"start": "00:11:29", "end": "00:11:32", "text": "living breathing organism just like the"}, {"start": "00:11:30", "end": "00:11:34", "text": "US Constitution and there's consensus"}, {"start": "00:11:32", "end": "00:11:36", "text": "driven tactics around making"}, {"start": "00:11:34", "end": "00:11:38", "text": "improvements to it. So, uh, yeah. No, I"}, {"start": "00:11:36", "end": "00:11:39", "text": "think that's that's absolutely I get"}, {"start": "00:11:38", "end": "00:11:41", "text": "that all the time. You know, it's the"}, {"start": "00:11:39", "end": "00:11:42", "text": "holiday season, right? We got the we got"}, {"start": "00:11:41", "end": "00:11:44", "text": "the Memorial Day we just got through. We"}, {"start": "00:11:42", "end": "00:11:46", "text": "got, uh, we got Fourth of July. We got"}, {"start": "00:11:44", "end": "00:11:48", "text": "Labor Day ahead. These are the barbecues"}, {"start": "00:11:46", "end": "00:11:50", "text": "where people go, \"Well, isn't Quantum"}, {"start": "00:11:48", "end": "00:11:51", "text": "just going to kill Bitcoin?\" And I and I"}, {"start": "00:11:50", "end": "00:11:52", "text": "can't help but just kind of like shake"}, {"start": "00:11:51", "end": "00:11:54", "text": "my head and a little bit walk away"}, {"start": "00:11:52", "end": "00:11:57", "text": "because I think that one's way outside"}, {"start": "00:11:54", "end": "00:11:59", "text": "uh, the the limits of myth. It"}, {"start": "00:11:57", "end": "00:12:00", "text": ">> it is pretty fascinating to me that I"}, {"start": "00:11:59", "end": "00:12:02", "text": "always ask people like, \"Have you seen a"}, {"start": "00:12:00", "end": "00:12:04", "text": "quantum computer? Have you used one? Do"}, {"start": "00:12:02", "end": "00:12:05", "text": "do you know of one?\" Um, and there are"}, {"start": "00:12:04", "end": "00:12:08", "text": "definitely breakthroughs that bring us"}, {"start": "00:12:05", "end": "00:12:09", "text": "closer, but as far as I understand, no"}, {"start": "00:12:08", "end": "00:12:11", "text": "one actually has a quantum computer yet."}, {"start": "00:12:09", "end": "00:12:13", "text": "It's just the technology is getting"}, {"start": "00:12:11", "end": "00:12:15", "text": "closer and closer. Um, and so, you know,"}, {"start": "00:12:13", "end": "00:12:17", "text": "let's not be uh ridiculous. Let's not"}, {"start": "00:12:15", "end": "00:12:19", "text": "just completely ignore something that"}, {"start": "00:12:17", "end": "00:12:22", "text": "could be a threat. But I do wonder how"}, {"start": "00:12:19", "end": "00:12:23", "text": "much of it is uh people overreacting."}, {"start": "00:12:22", "end": "00:12:24", "text": "And if there's one thing that the"}, {"start": "00:12:23", "end": "00:12:26", "text": "internet has become really good at, it"}, {"start": "00:12:24", "end": "00:12:28", "text": "is taking a very small kernel of truth"}, {"start": "00:12:26", "end": "00:12:30", "text": "and extrapolating out to some crazy"}, {"start": "00:12:28", "end": "00:12:31", "text": "thing. Um, I think we saw this during"}, {"start": "00:12:30", "end": "00:12:32", "text": "the pandemic. We've seen this through"}, {"start": "00:12:31", "end": "00:12:34", "text": "many other things over the last you know"}, {"start": "00:12:32", "end": "00:12:37", "text": "four or five years including tariffs"}, {"start": "00:12:34", "end": "00:12:39", "text": "etc. Um and so I I just say calm down"}, {"start": "00:12:37", "end": "00:12:41", "text": "for a second. What is the actual"}, {"start": "00:12:39", "end": "00:12:43", "text": "technology? Where's the current progress"}, {"start": "00:12:41", "end": "00:12:46", "text": "today? What is the actual impact on"}, {"start": "00:12:43", "end": "00:12:47", "text": "Bitcoin or other encrypted technologies?"}, {"start": "00:12:46", "end": "00:12:49", "text": "And then what do we think the"}, {"start": "00:12:47", "end": "00:12:52", "text": "probability both in terms of timeline"}, {"start": "00:12:49", "end": "00:12:54", "text": "and severity will be my guess is that"}, {"start": "00:12:52", "end": "00:12:55", "text": "you know everyone is uh is overreacting"}, {"start": "00:12:54", "end": "00:12:58", "text": "but doesn't mean we should completely"}, {"start": "00:12:55", "end": "00:12:59", "text": "ignore it. be aware. But, uh,"}, {"start": "00:12:58", "end": "00:13:01", "text": ">> I'm more when it comes to technology"}, {"start": "00:12:59", "end": "00:13:03", "text": "advancements right now, and you're very"}, {"start": "00:13:01", "end": "00:13:05", "text": "deep into this, and I know I am, too."}, {"start": "00:13:03", "end": "00:13:08", "text": "I'm more interested in the convergence"}, {"start": "00:13:05", "end": "00:13:10", "text": "between AI and and crypto ahead. You"}, {"start": "00:13:08", "end": "00:13:12", "text": "know, I had uh I gave a keynote in Vegas"}, {"start": "00:13:10", "end": "00:13:14", "text": "at a YPO event a couple weeks ago, and I"}, {"start": "00:13:12", "end": "00:13:17", "text": "I talked about that there will be a day"}, {"start": "00:13:14", "end": "00:13:19", "text": "when we get full autonomy uh of of these"}, {"start": "00:13:17", "end": "00:13:21", "text": "machines. And I don't see a robot"}, {"start": "00:13:19", "end": "00:13:24", "text": "walking up and saying that it wants a"}, {"start": "00:13:21", "end": "00:13:26", "text": "gold bar or a piece of currency. I think"}, {"start": "00:13:24", "end": "00:13:28", "text": "it's I think that crypto and Bitcoin in"}, {"start": "00:13:26", "end": "00:13:29", "text": "particular fits perfectly into that"}, {"start": "00:13:28", "end": "00:13:32", "text": "narrative. There'll be a day not far"}, {"start": "00:13:29", "end": "00:13:33", "text": "from now where uh your smart fridge"}, {"start": "00:13:32", "end": "00:13:35", "text": "figures out you ran out of milk and it"}, {"start": "00:13:33", "end": "00:13:37", "text": "orders it from an Amazon drone and it"}, {"start": "00:13:35", "end": "00:13:39", "text": "gets delivered and and that that"}, {"start": "00:13:37", "end": "00:13:41", "text": "exchange has to be settled somehow. And"}, {"start": "00:13:39", "end": "00:13:42", "text": "uh that's what I'm really excited about"}, {"start": "00:13:41", "end": "00:13:44", "text": "watching now. But I will point out and I"}, {"start": "00:13:42", "end": "00:13:46", "text": "said this on stage was you know Bitcoin"}, {"start": "00:13:44", "end": "00:13:48", "text": "and crypto in general have been in the"}, {"start": "00:13:46", "end": "00:13:51", "text": "penalty box for 15 years now it feels"}, {"start": "00:13:48", "end": "00:13:54", "text": "like um and cuz crypto years are a lot"}, {"start": "00:13:51", "end": "00:13:56", "text": "longer right but AI hasn't even been to"}, {"start": "00:13:54", "end": "00:13:57", "text": "the principal's office yet uh and that"}, {"start": "00:13:56", "end": "00:14:00", "text": "day is coming too you know when you talk"}, {"start": "00:13:57", "end": "00:14:02", "text": "about regulation all it takes is one one"}, {"start": "00:14:00", "end": "00:14:04", "text": "bad actor can really shake things up uh"}, {"start": "00:14:02", "end": "00:14:06", "text": "and it'll be interesting to see how that"}, {"start": "00:14:04", "end": "00:14:08", "text": "all evolves over the next I'd say 18 to"}, {"start": "00:14:06", "end": "00:14:11", "text": "24 months because it's moving really"}, {"start": "00:14:08", "end": "00:14:12", "text": "fast on that side. Yeah, I do think it's"}, {"start": "00:14:11", "end": "00:14:13", "text": "going to be uh it's going to be pretty"}, {"start": "00:14:12", "end": "00:14:14", "text": "interesting. Um, all right. You come"}, {"start": "00:14:13", "end": "00:14:16", "text": "bearing gifts. Every time you come on"}, {"start": "00:14:14", "end": "00:14:17", "text": "this show, you always bring something"}, {"start": "00:14:16", "end": "00:14:18", "text": "cool. You showed me. You gave me a"}, {"start": "00:14:17", "end": "00:14:22", "text": "preview, the little sneak peek around"}, {"start": "00:14:18", "end": "00:14:24", "text": "the curtain. Uh, you have 10 Federal"}, {"start": "00:14:22", "end": "00:14:27", "text": "Reserve notes from when the Federal"}, {"start": "00:14:24", "end": "00:14:28", "text": "Reserve was actually started. Um, let's"}, {"start": "00:14:27", "end": "00:14:30", "text": "first show people what exactly are you"}, {"start": "00:14:28", "end": "00:14:32", "text": "going to be giving away here?"}, {"start": "00:14:30", "end": "00:14:35", "text": ">> Yeah, absolutely. So, um, a piece of of"}, {"start": "00:14:32", "end": "00:14:37", "text": "economic history actually. So this is uh"}, {"start": "00:14:35", "end": "00:14:39", "text": "this is a US dollar from 1914 because"}, {"start": "00:14:37", "end": "00:14:41", "text": "you know the Federal Reserve was uh was"}, {"start": "00:14:39", "end": "00:14:44", "text": "announced uh in December of 1913. So"}, {"start": "00:14:41", "end": "00:14:46", "text": "when the printing presses turned back on"}, {"start": "00:14:44", "end": "00:14:47", "text": "uh for the after the new year uh what I"}, {"start": "00:14:46", "end": "00:14:49", "text": "went I scoured the internet cuz you know"}, {"start": "00:14:47", "end": "00:14:51", "text": "your audience is so good to me and I"}, {"start": "00:14:49", "end": "00:14:53", "text": "wanted to leave them with a a pretty"}, {"start": "00:14:51", "end": "00:14:56", "text": "cool gift uh as we celebrate our first"}, {"start": "00:14:53", "end": "00:14:57", "text": "year together. And I think uh this is"}, {"start": "00:14:56", "end": "00:14:59", "text": "pretty cool. You know one of my friends"}, {"start": "00:14:57", "end": "00:15:00", "text": "got me one of these uh for my birthday a"}, {"start": "00:14:59", "end": "00:15:02", "text": "couple years ago. So I went out and I"}, {"start": "00:15:00", "end": "00:15:05", "text": "scoured the internet. I got fives, tens,"}, {"start": "00:15:02", "end": "00:15:07", "text": "and 20s that were printed and issued in"}, {"start": "00:15:05", "end": "00:15:09", "text": "1914. Uh, put them in got them in nice"}, {"start": "00:15:07", "end": "00:15:13", "text": "little cases, and we've got uh 10 of"}, {"start": "00:15:09", "end": "00:15:14", "text": "them for lucky winners uh from from our"}, {"start": "00:15:13", "end": "00:15:16", "text": "promo that we're putting together. But"}, {"start": "00:15:14", "end": "00:15:18", "text": "it it this is kind of like the end all"}, {"start": "00:15:16", "end": "00:15:20", "text": "beall. The first thing we did, if you"}, {"start": "00:15:18", "end": "00:15:21", "text": "remember, I called you after you got"}, {"start": "00:15:20", "end": "00:15:23", "text": "back from Consensus, which was right"}, {"start": "00:15:21", "end": "00:15:24", "text": "after the Bitcoin conference, and and"}, {"start": "00:15:23", "end": "00:15:27", "text": "you put something out there. I think you"}, {"start": "00:15:24", "end": "00:15:28", "text": "might have broken crypto Twitter. Um uh"}, {"start": "00:15:27", "end": "00:15:30", "text": "you put something out there that it was"}, {"start": "00:15:28", "end": "00:15:31", "text": "all dead. Uh and I and I asked you what"}, {"start": "00:15:30", "end": "00:15:33", "text": "I say. I was like, \"Are you getting"}, {"start": "00:15:31", "end": "00:15:34", "text": "messages uh in the mail with like, you"}, {"start": "00:15:33", "end": "00:15:36", "text": "know, they cut them out of like the"}, {"start": "00:15:34", "end": "00:15:39", "text": "magazines like, I will get you,"}, {"start": "00:15:36", "end": "00:15:39", "text": "Anthony.\""}, {"start": "00:15:39", "end": "00:15:43", "text": "Well, look, it it's um I still stand by"}, {"start": "00:15:42", "end": "00:15:44", "text": "what I said, right? Is there are certain"}, {"start": "00:15:43", "end": "00:15:46", "text": "aspects of the industry that are going"}, {"start": "00:15:44", "end": "00:15:48", "text": "to mature and go start playing in the"}, {"start": "00:15:46", "end": "00:15:49", "text": "professional leagues of the finance"}, {"start": "00:15:48", "end": "00:15:50", "text": "industry. Uh and then there's a lot"}, {"start": "00:15:49", "end": "00:15:52", "text": "that's going to get left behind. It's"}, {"start": "00:15:50", "end": "00:15:53", "text": "going to die off into irrelevancy. And"}, {"start": "00:15:52", "end": "00:15:55", "text": "what you need to do is you need to"}, {"start": "00:15:53", "end": "00:15:56", "text": "figure out what are the assets that are"}, {"start": "00:15:55", "end": "00:15:58", "text": "going to mature and and kind of"}, {"start": "00:15:56", "end": "00:15:59", "text": "graduate. And if you can do that, then"}, {"start": "00:15:58", "end": "00:16:02", "text": "obviously that's great. Um, we've got"}, {"start": "00:15:59", "end": "00:16:04", "text": "this uh uh this paper that we put"}, {"start": "00:16:02", "end": "00:16:05", "text": "together um that uh I I think hopefully"}, {"start": "00:16:04", "end": "00:16:07", "text": "will help people. It's kind of the stuff"}, {"start": "00:16:05", "end": "00:16:09", "text": "that we can't say on here, but we think"}, {"start": "00:16:07", "end": "00:16:10", "text": "is important. Um tell everyone a little"}, {"start": "00:16:09", "end": "00:16:11", "text": "bit about what they can go and and uh"}, {"start": "00:16:10", "end": "00:16:13", "text": "get this."}, {"start": "00:16:11", "end": "00:16:15", "text": ">> Yeah. So, you and I sat down and I was"}, {"start": "00:16:13", "end": "00:16:16", "text": "like, okay, if crypto is dead, what"}, {"start": "00:16:15", "end": "00:16:18", "text": "comes next? You know, with this the day"}, {"start": "00:16:16", "end": "00:16:20", "text": "after tomorrow, right? What's what's the"}, {"start": "00:16:18", "end": "00:16:22", "text": "what's the after crypto reality for"}, {"start": "00:16:20", "end": "00:16:25", "text": "investors? Uh how does that how do how"}, {"start": "00:16:22", "end": "00:16:28", "text": "do you play in this marketplace? uh and"}, {"start": "00:16:25", "end": "00:16:31", "text": "and have a good strategy. Uh if if it is"}, {"start": "00:16:28", "end": "00:16:33", "text": "evolving into an era of utility versus"}, {"start": "00:16:31", "end": "00:16:34", "text": "era of price speculation, right? I think"}, {"start": "00:16:33", "end": "00:16:36", "text": "like you and I talked about and part of"}, {"start": "00:16:34", "end": "00:16:37", "text": "the part of the guide talks about where"}, {"start": "00:16:36", "end": "00:16:39", "text": "are the winners and losers? Well, it"}, {"start": "00:16:37", "end": "00:16:42", "text": "comes down to utility. Uh is there a use"}, {"start": "00:16:39", "end": "00:16:44", "text": "case for this and will people uh invest"}, {"start": "00:16:42", "end": "00:16:45", "text": "in it because it has that use case. Uh"}, {"start": "00:16:44", "end": "00:16:48", "text": "and so we put together a nice white"}, {"start": "00:16:45", "end": "00:16:50", "text": "paper together uh called after crypto uh"}, {"start": "00:16:48", "end": "00:16:52", "text": "what's next uh in in this evolution of"}, {"start": "00:16:50", "end": "00:16:54", "text": "of this space. Uh which is really"}, {"start": "00:16:52", "end": "00:16:56", "text": "awesome. I'm excited about it. And uh"}, {"start": "00:16:54", "end": "00:16:57", "text": "the link's down uh below in the"}, {"start": "00:16:56", "end": "00:16:59", "text": "description. You can you can easily"}, {"start": "00:16:57", "end": "00:17:01", "text": "click on it and you can get access to"}, {"start": "00:16:59", "end": "00:17:02", "text": "it. It's completely free. Uh me and"}, {"start": "00:17:01", "end": "00:17:05", "text": "Anthony put it together. We we we"}, {"start": "00:17:02", "end": "00:17:06", "text": "co-authored it. Uh and then once you get"}, {"start": "00:17:05", "end": "00:17:07", "text": "the guide, you'll be prompted to take a"}, {"start": "00:17:06", "end": "00:17:09", "text": "survey. And these things are important"}, {"start": "00:17:07", "end": "00:17:11", "text": "to us. We actually read these things uh"}, {"start": "00:17:09", "end": "00:17:12", "text": "to let us know where you're thinking and"}, {"start": "00:17:11", "end": "00:17:14", "text": "what's happening with the crypto space."}, {"start": "00:17:12", "end": "00:17:16", "text": "And if you take a few moments out of"}, {"start": "00:17:14", "end": "00:17:18", "text": "your day to complete that survey, you'll"}, {"start": "00:17:16", "end": "00:17:20", "text": "be entered for a chance to win a piece"}, {"start": "00:17:18", "end": "00:17:22", "text": "of economic history. Oh, got it upside"}, {"start": "00:17:20", "end": "00:17:26", "text": "down. piece of economic history from"}, {"start": "00:17:22", "end": "00:17:28", "text": "1914, but also uh we're we're you and I"}, {"start": "00:17:26", "end": "00:17:29", "text": "are going to do a a town hall with the"}, {"start": "00:17:28", "end": "00:17:31", "text": "10 winners. So, 10 people will be"}, {"start": "00:17:29", "end": "00:17:34", "text": "selected at random from completing the"}, {"start": "00:17:31", "end": "00:17:36", "text": "surveys. They'll get uh they'll get this"}, {"start": "00:17:34", "end": "00:17:38", "text": "nice piece of of currency from from over"}, {"start": "00:17:36", "end": "00:17:39", "text": "a hundred years ago, plus uh some time"}, {"start": "00:17:38", "end": "00:17:42", "text": "with you and I and an ask me anything"}, {"start": "00:17:39", "end": "00:17:44", "text": "town hall type event like this. Uh and"}, {"start": "00:17:42", "end": "00:17:47", "text": "as always, I bring uh a lot of gifts. We"}, {"start": "00:17:44", "end": "00:17:50", "text": "are you can earn up to four uh x the"}, {"start": "00:17:47", "end": "00:17:52", "text": "rewards. So, you can earn up to $4,000"}, {"start": "00:17:50", "end": "00:17:53", "text": "in cash back by opening your Bitcoin IRA"}, {"start": "00:17:52", "end": "00:17:56", "text": "account if you're one of those lucky"}, {"start": "00:17:53", "end": "00:17:58", "text": "winners. Uh, so yeah, I I kind of put it"}, {"start": "00:17:56", "end": "00:17:59", "text": "all out there for for your audience on"}, {"start": "00:17:58", "end": "00:18:01", "text": "this run. I went to the board and said,"}, {"start": "00:17:59", "end": "00:18:02", "text": "\"Hey, I really want to do something"}, {"start": "00:18:01", "end": "00:18:04", "text": "special.\" Uh, and so we put all these"}, {"start": "00:18:02", "end": "00:18:05", "text": "things together with you."}, {"start": "00:18:04", "end": "00:18:07", "text": ">> I I think that you should come on here"}, {"start": "00:18:05", "end": "00:18:10", "text": "next time with a Santa Claus hat. This"}, {"start": "00:18:07", "end": "00:18:11", "text": "is incredible, right? You come. So, what"}, {"start": "00:18:10", "end": "00:18:13", "text": "people have to do is they have to go and"}, {"start": "00:18:11", "end": "00:18:14", "text": "they have to take this survey, which the"}, {"start": "00:18:13", "end": "00:18:15", "text": "link is in the description. When they"}, {"start": "00:18:14", "end": "00:18:19", "text": "take that survey, they're entered to"}, {"start": "00:18:15", "end": "00:18:22", "text": "win. 10 people selected. They get the uh"}, {"start": "00:18:19", "end": "00:18:26", "text": "Federal Reserve bill note from uh 1914."}, {"start": "00:18:22", "end": "00:18:28", "text": "Then also they get uh to come to a town"}, {"start": "00:18:26", "end": "00:18:30", "text": "hall, you and I, one-on-one um with"}, {"start": "00:18:28", "end": "00:18:31", "text": "those 10 people. And then they also have"}, {"start": "00:18:30", "end": "00:18:33", "text": "the ability if they sign up for a"}, {"start": "00:18:31", "end": "00:18:35", "text": "Bitcoin IRA account. You said they get"}, {"start": "00:18:33", "end": "00:18:36", "text": "$4,000 cash back as part of that as"}, {"start": "00:18:35", "end": "00:18:39", "text": "well."}, {"start": "00:18:36", "end": "00:18:40", "text": ">> Yep. Exactly. So, lots of reason I'm"}, {"start": "00:18:39", "end": "00:18:42", "text": "going to go take the survey. I'm going"}, {"start": "00:18:40", "end": "00:18:44", "text": "to show up to the town hall as both uh"}, {"start": "00:18:42", "end": "00:18:45", "text": "me and uh as one of the 10 winners"}, {"start": "00:18:44", "end": "00:18:45", "text": "because I want that Federal Reserve"}, {"start": "00:18:45", "end": "00:18:47", "text": "note."}, {"start": "00:18:45", "end": "00:18:48", "text": ">> Yeah, absolutely. And don't forget,"}, {"start": "00:18:47", "end": "00:18:50", "text": "there's a lot of really great stuff in"}, {"start": "00:18:48", "end": "00:18:51", "text": "that guide you and I co-authored. Like,"}, {"start": "00:18:50", "end": "00:18:52", "text": "there's a really I think there's a lot"}, {"start": "00:18:51", "end": "00:18:54", "text": "of good meat and and meat and potatoes"}, {"start": "00:18:52", "end": "00:18:56", "text": "in there for folks to think about and,"}, {"start": "00:18:54", "end": "00:18:59", "text": "uh, and consider as they're looking at"}, {"start": "00:18:56", "end": "00:19:01", "text": "the next 10, 15, 20 years of Bitcoin and"}, {"start": "00:18:59", "end": "00:19:03", "text": "crypto investing. So, uh, I think we"}, {"start": "00:19:01", "end": "00:19:04", "text": "brought a lot of value to the table for"}, {"start": "00:19:03", "end": "00:19:07", "text": "your audience on this one. Uh, and I'm"}, {"start": "00:19:04", "end": "00:19:08", "text": "excited about it. So, uh, down below you"}, {"start": "00:19:07", "end": "00:19:11", "text": "can get the access to the free guide and"}, {"start": "00:19:08", "end": "00:19:13", "text": "then take that quick survey, uh, and"}, {"start": "00:19:11", "end": "00:19:15", "text": "have a chance at holding history."}, {"start": "00:19:13", "end": "00:19:16", "text": ">> Amazing. All right, Chris, thank you so"}, {"start": "00:19:15", "end": "00:19:17", "text": "much for taking the time to do We'll do"}, {"start": "00:19:16", "end": "00:19:20", "text": "it again in the future."}, {"start": "00:19:17", "end": "00:19:20", "text": ">> Absolutely. Thanks for having me, buddy."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Last week Michael Saylor and strategy"}, {"start": "00:00:02", "end": "00:00:06", "text": "sold 32 Bitcoin and Bitcoin fell off a"}, {"start": "00:00:04", "end": "00:00:09", "text": "cliff. Everyone started to freak out."}, {"start": "00:00:06", "end": "00:00:11", "text": "Jim Cramer even said Saylor murdered"}, {"start": "00:00:09", "end": "00:00:12", "text": "Bitcoin. But is that really what"}, {"start": "00:00:11", "end": "00:00:14", "text": "happened? Is that the thing that"}, {"start": "00:00:12", "end": "00:00:16", "text": "everyone should be worried about? Do we"}, {"start": "00:00:14", "end": "00:00:18", "text": "think that the Bitcoin bear market is"}, {"start": "00:00:16", "end": "00:00:21", "text": "over? Has anyone got the confidence to"}, {"start": "00:00:18", "end": "00:00:23", "text": "call the Bitcoin bear market bottom? All"}, {"start": "00:00:21", "end": "00:00:24", "text": "of that today we're going to explore."}, {"start": "00:00:23", "end": "00:00:26", "text": "But what's important to understand is"}, {"start": "00:00:24", "end": "00:00:28", "text": "that Jordi Visser, he believes that"}, {"start": "00:00:26", "end": "00:00:30", "text": "Bitcoin is falling aggressively because"}, {"start": "00:00:28", "end": "00:00:32", "text": "there's a capital rotation away from"}, {"start": "00:00:30", "end": "00:00:34", "text": "Bitcoin and into other asymmetric"}, {"start": "00:00:32", "end": "00:00:36", "text": "opportunities. People are going and"}, {"start": "00:00:34", "end": "00:00:38", "text": "looking at the SpaceX IPO. They're"}, {"start": "00:00:36", "end": "00:00:40", "text": "looking at AI and many other industries."}, {"start": "00:00:38", "end": "00:00:40", "text": "Take a listen to why Jordi thinks that's"}, {"start": "00:00:40", "end": "00:00:43", "text": "happening."}, {"start": "00:00:40", "end": "00:00:44", "text": ">> I spend a lot of time thinking about"}, {"start": "00:00:43", "end": "00:00:47", "text": "what the future is going to look like"}, {"start": "00:00:44", "end": "00:00:49", "text": "and I take bits and pieces from a lot of"}, {"start": "00:00:47", "end": "00:00:51", "text": "futurists. I think it's ironic that"}, {"start": "00:00:49", "end": "00:00:52", "text": "Bitcoin is"}, {"start": "00:00:51", "end": "00:00:54", "text": "as of today it's a trillion and a half"}, {"start": "00:00:52", "end": "00:00:57", "text": "dollar asset. Isn't it ironic that we"}, {"start": "00:00:54", "end": "00:00:59", "text": "have SpaceX coming and it's about a"}, {"start": "00:00:57", "end": "00:01:02", "text": "trillion and a half asset? How can"}, {"start": "00:00:59", "end": "00:01:05", "text": "people justify buying a company that not"}, {"start": "00:01:02", "end": "00:01:06", "text": "only is not making money right now?"}, {"start": "00:01:05", "end": "00:01:09", "text": "And forget Elon, let's leave it alone."}, {"start": "00:01:06", "end": "00:01:11", "text": "He's great. But to make the comparison"}, {"start": "00:01:09", "end": "00:01:14", "text": "between Bitcoin and space, you're still"}, {"start": "00:01:11", "end": "00:01:16", "text": "buying something based on your future"}, {"start": "00:01:14", "end": "00:01:18", "text": "thought. And when I talk to people who"}, {"start": "00:01:16", "end": "00:01:21", "text": "love rocket investments and I go how is"}, {"start": "00:01:18", "end": "00:01:23", "text": "that any different than Bitcoin?"}, {"start": "00:01:21", "end": "00:01:24", "text": "How do you have any idea on something"}, {"start": "00:01:23", "end": "00:01:26", "text": "that is more than three years out? How"}, {"start": "00:01:24", "end": "00:01:28", "text": "do you know the government won't take"}, {"start": "00:01:26", "end": "00:01:30", "text": "over SpaceX? How do you know there's"}, {"start": "00:01:28", "end": "00:01:31", "text": "there's no way to know what the future"}, {"start": "00:01:30", "end": "00:01:32", "text": "is going to look like when you're"}, {"start": "00:01:31", "end": "00:01:34", "text": "dealing with something that's based on"}, {"start": "00:01:32", "end": "00:01:36", "text": "going to Mars which has never been done"}, {"start": "00:01:34", "end": "00:01:38", "text": "before. So when I think of investments"}, {"start": "00:01:36", "end": "00:01:40", "text": "and I think of the future, I have a"}, {"start": "00:01:38", "end": "00:01:42", "text": "belief in what I think will happen. I"}, {"start": "00:01:40", "end": "00:01:44", "text": "don't think investing in the S&P 500 is"}, {"start": "00:01:42", "end": "00:01:45", "text": "safe past 2030. I've said that"}, {"start": "00:01:44", "end": "00:01:49", "text": "repeatedly because I think AI will"}, {"start": "00:01:45", "end": "00:01:51", "text": "disrupt all companies. So for me, I"}, {"start": "00:01:49", "end": "00:01:53", "text": "don't think Apple's safe. I don't think"}, {"start": "00:01:51", "end": "00:01:55", "text": "Google's safe. I don't think Amazon's"}, {"start": "00:01:53", "end": "00:01:56", "text": "safe. So when people look at Bitcoin and"}, {"start": "00:01:55", "end": "00:01:58", "text": "they don't think it's safe, I understand"}, {"start": "00:01:56", "end": "00:01:59", "text": "that that's their belief. The question"}, {"start": "00:01:58", "end": "00:02:01", "text": "is have they thought a lot about the"}, {"start": "00:01:59", "end": "00:02:03", "text": "future cuz one of the reasons that I"}, {"start": "00:02:01", "end": "00:02:04", "text": "think Bitcoin is safe"}, {"start": "00:02:03", "end": "00:02:07", "text": "is [snorts] because"}, {"start": "00:02:04", "end": "00:02:09", "text": "the consumer, human beings will not be"}, {"start": "00:02:07", "end": "00:02:12", "text": "consuming more"}, {"start": "00:02:09", "end": "00:02:14", "text": "than AI agents in a short amount of"}, {"start": "00:02:12", "end": "00:02:18", "text": "time. It came out on Axis week that"}, {"start": "00:02:14", "end": "00:02:20", "text": "there are more AI agents on HTML sites"}, {"start": "00:02:18", "end": "00:02:22", "text": "than humans. Like this is where we're"}, {"start": "00:02:20", "end": "00:02:23", "text": "headed. So if you think the world of"}, {"start": "00:02:22", "end": "00:02:26", "text": "human beings is going to dominate"}, {"start": "00:02:23", "end": "00:02:28", "text": "commerce, it's not. It's AI agents. So"}, {"start": "00:02:26", "end": "00:02:29", "text": "if you ask me, what is a direct play on"}, {"start": "00:02:28", "end": "00:02:31", "text": "that?"}, {"start": "00:02:29", "end": "00:02:34", "text": "I believe Bitcoin is a direct play on"}, {"start": "00:02:31", "end": "00:02:35", "text": "agents dominating humans going forward."}, {"start": "00:02:34", "end": "00:02:37", "text": "Now Jordi's calling out the fact that"}, {"start": "00:02:35", "end": "00:02:39", "text": "there's this capital rotation occurring,"}, {"start": "00:02:37", "end": "00:02:40", "text": "but he also looks at what's the future"}, {"start": "00:02:39", "end": "00:02:42", "text": "potential return from something like"}, {"start": "00:02:40", "end": "00:02:44", "text": "Bitcoin versus SpaceX. And he had a"}, {"start": "00:02:42", "end": "00:02:46", "text": "great point about which one is more"}, {"start": "00:02:44", "end": "00:02:47", "text": "resilient, which one is more durable."}, {"start": "00:02:46", "end": "00:02:49", "text": "I'm a fan of both. I think that both"}, {"start": "00:02:47", "end": "00:02:51", "text": "Bitcoin and SpaceX are going to do well,"}, {"start": "00:02:49", "end": "00:02:52", "text": "but I think Jordi's got a point here as"}, {"start": "00:02:51", "end": "00:02:54", "text": "well. Take a listen. I believe we're at"}, {"start": "00:02:52", "end": "00:02:57", "text": "a rotation point that's going to last"}, {"start": "00:02:54", "end": "00:02:59", "text": "for at least the next 3 to 6 months. And"}, {"start": "00:02:57", "end": "00:03:01", "text": "that rotation is we're kind of at a I"}, {"start": "00:02:59", "end": "00:03:04", "text": "don't want to say a market stock market"}, {"start": "00:03:01", "end": "00:03:05", "text": "bubble. What I'll say is a rotation"}, {"start": "00:03:04", "end": "00:03:07", "text": "bubble."}, {"start": "00:03:05", "end": "00:03:09", "text": "We've had one group winning and most"}, {"start": "00:03:07", "end": "00:03:11", "text": "groups have been losing."}, {"start": "00:03:09", "end": "00:03:13", "text": "Starting to see a rotation. And I think"}, {"start": "00:03:11", "end": "00:03:15", "text": "software is going to have a bid, but I"}, {"start": "00:03:13", "end": "00:03:16", "text": "don't think when people recognize what"}, {"start": "00:03:15", "end": "00:03:18", "text": "I'm going to say with software, it's"}, {"start": "00:03:16", "end": "00:03:20", "text": "going to resonate with them."}, {"start": "00:03:18", "end": "00:03:21", "text": "But the software is not going to be the"}, {"start": "00:03:20", "end": "00:03:22", "text": "traditional SaaS software. So I think"}, {"start": "00:03:21", "end": "00:03:25", "text": "people are going to have to think"}, {"start": "00:03:22", "end": "00:03:27", "text": "outside the box on human software"}, {"start": "00:03:25", "end": "00:03:29", "text": "and also the financial guardrails with"}, {"start": "00:03:27", "end": "00:03:30", "text": "tokenization and everything. That's"}, {"start": "00:03:29", "end": "00:03:32", "text": "where my attention's focused. So I think"}, {"start": "00:03:30", "end": "00:03:34", "text": "Bitcoin's fine. Let it break through the"}, {"start": "00:03:32", "end": "00:03:36", "text": "60,000 level. Maybe it goes down even"}, {"start": "00:03:34", "end": "00:03:38", "text": "below that."}, {"start": "00:03:36", "end": "00:03:42", "text": "I don't really care."}, {"start": "00:03:38", "end": "00:03:44", "text": ">> You told me months ago four-year cycle"}, {"start": "00:03:42", "end": "00:03:45", "text": "basically was like male astrology,"}, {"start": "00:03:44", "end": "00:03:47", "text": "right? You're just like why why does"}, {"start": "00:03:45", "end": "00:03:49", "text": "this four-year cycle exist? Who made"}, {"start": "00:03:47", "end": "00:03:51", "text": "this up? Why does this thing anyone pay"}, {"start": "00:03:49", "end": "00:03:52", "text": "attention to it? Are you a believer yet?"}, {"start": "00:03:51", "end": "00:03:53", "text": ">> No."}, {"start": "00:03:52", "end": "00:03:54", "text": ">> Why not?"}, {"start": "00:03:53", "end": "00:03:56", "text": ">> Again, um"}, {"start": "00:03:54", "end": "00:03:58", "text": "First of all, I don't do the same thing"}, {"start": "00:03:56", "end": "00:04:00", "text": "with the stock market. One thing I will"}, {"start": "00:03:58", "end": "00:04:02", "text": "say is this is the first time in that"}, {"start": "00:04:00", "end": "00:04:03", "text": "quote-unquote four-year cycle"}, {"start": "00:04:02", "end": "00:04:05", "text": "that stocks are going higher at the same"}, {"start": "00:04:03", "end": "00:04:07", "text": "time that Bitcoin's going down. And I"}, {"start": "00:04:05", "end": "00:04:08", "text": "don't know whether that's good or bad."}, {"start": "00:04:07", "end": "00:04:09", "text": "My whole belief has been that the only"}, {"start": "00:04:08", "end": "00:04:13", "text": "time that crypto can go through the"}, {"start": "00:04:09", "end": "00:04:14", "text": "growth that I believe it will"}, {"start": "00:04:13", "end": "00:04:15", "text": "go through,"}, {"start": "00:04:14", "end": "00:04:18", "text": "which is the transfer of wealth from the"}, {"start": "00:04:15", "end": "00:04:19", "text": "fiat system into the crypto side or at"}, {"start": "00:04:18", "end": "00:04:21", "text": "least a merging of the two. That was the"}, {"start": "00:04:19", "end": "00:04:24", "text": "whole reason why I focused on AI and"}, {"start": "00:04:21", "end": "00:04:26", "text": "focused on crypto. For that to occur,"}, {"start": "00:04:24", "end": "00:04:27", "text": "you need to run to a point where"}, {"start": "00:04:26", "end": "00:04:29", "text": "believe it or not, they have to be"}, {"start": "00:04:27", "end": "00:04:31", "text": "uncorrelated to some degree. And I think"}, {"start": "00:04:29", "end": "00:04:32", "text": "we're at that phase now, so that's the"}, {"start": "00:04:31", "end": "00:04:33", "text": "positive side. The negative side is and"}, {"start": "00:04:32", "end": "00:04:36", "text": "again, the thing that has always"}, {"start": "00:04:33", "end": "00:04:37", "text": "protected me in life, we all have views"}, {"start": "00:04:36", "end": "00:04:40", "text": "on assets, we all have views, and we're"}, {"start": "00:04:37", "end": "00:04:42", "text": "all wrong at some period of time."}, {"start": "00:04:40", "end": "00:04:45", "text": "I don't want to get heavily involved"}, {"start": "00:04:42", "end": "00:04:47", "text": "with playing Bitcoin or any crypto stuff"}, {"start": "00:04:45", "end": "00:04:48", "text": "on the upside until someone else is"}, {"start": "00:04:47", "end": "00:04:50", "text": "doing it."}, {"start": "00:04:48", "end": "00:04:51", "text": "I'm not a momentum investor, but at this"}, {"start": "00:04:50", "end": "00:04:55", "text": "point, we're not talking about momentum."}, {"start": "00:04:51", "end": "00:04:57", "text": "It's down 50%. So, let it start to base."}, {"start": "00:04:55", "end": "00:04:59", "text": "Let it look like supply and demand have"}, {"start": "00:04:57", "end": "00:05:01", "text": "met a place where it's positive, and"}, {"start": "00:04:59", "end": "00:05:03", "text": "then let it break a long-term moving"}, {"start": "00:05:01", "end": "00:05:05", "text": "average. There was something um this"}, {"start": "00:05:03", "end": "00:05:08", "text": "week about Charlie Munger"}, {"start": "00:05:05", "end": "00:05:10", "text": "uh talking about if I could just have"}, {"start": "00:05:08", "end": "00:05:12", "text": "one thing in hindsight, it was the fact"}, {"start": "00:05:10", "end": "00:05:14", "text": "that find good companies that you"}, {"start": "00:05:12", "end": "00:05:16", "text": "believe in long-term that get back to"}, {"start": "00:05:14", "end": "00:05:18", "text": "their 200-week moving average."}, {"start": "00:05:16", "end": "00:05:20", "text": "That's the way I'm focused on Bitcoin. I"}, {"start": "00:05:18", "end": "00:05:22", "text": "don't remember where the 200-week moving"}, {"start": "00:05:20", "end": "00:05:24", "text": "average is, but the 200-week moving"}, {"start": "00:05:22", "end": "00:05:25", "text": "average is a really important thing. And"}, {"start": "00:05:24", "end": "00:05:27", "text": "again, if you lock it in to what you"}, {"start": "00:05:25", "end": "00:05:28", "text": "said, what is the 200-week moving"}, {"start": "00:05:27", "end": "00:05:31", "text": "average? Well, that's kind of a"}, {"start": "00:05:28", "end": "00:05:33", "text": "four-year moving average. So, if the"}, {"start": "00:05:31", "end": "00:05:34", "text": "four-year cycle is this, it's fine. I've"}, {"start": "00:05:33", "end": "00:05:35", "text": "done a couple interviews in the past"}, {"start": "00:05:34", "end": "00:05:36", "text": "week, and I just want to say this to"}, {"start": "00:05:35", "end": "00:05:39", "text": "everyone,"}, {"start": "00:05:36", "end": "00:05:40", "text": "um I believe that the IPOs that are"}, {"start": "00:05:39", "end": "00:05:42", "text": "coming,"}, {"start": "00:05:40", "end": "00:05:44", "text": "what Google did this past week, which"}, {"start": "00:05:42", "end": "00:05:46", "text": "I'm sure we'll talk about all of these,"}, {"start": "00:05:44", "end": "00:05:48", "text": "but I I these are a sign"}, {"start": "00:05:46", "end": "00:05:50", "text": "of something important. It's not a stock"}, {"start": "00:05:48", "end": "00:05:52", "text": "market bubble to me, but it is a sign"}, {"start": "00:05:50", "end": "00:05:54", "text": "that people need a lot of capital right"}, {"start": "00:05:52", "end": "00:05:56", "text": "now for what is happening within inside"}, {"start": "00:05:54", "end": "00:05:57", "text": "the AI world. And that's an important"}, {"start": "00:05:56", "end": "00:05:58", "text": "story."}, {"start": "00:05:57", "end": "00:06:01", "text": "On the flip side with what's going on"}, {"start": "00:05:58", "end": "00:06:02", "text": "with crypto,"}, {"start": "00:06:01", "end": "00:06:04", "text": "I think if you would have looked in"}, {"start": "00:06:02", "end": "00:06:06", "text": "hindsight for a what would be a sell the"}, {"start": "00:06:04", "end": "00:06:08", "text": "news event, very similar to what I think"}, {"start": "00:06:06", "end": "00:06:10", "text": "might be happening in the hardware side"}, {"start": "00:06:08", "end": "00:06:12", "text": "for the time being,"}, {"start": "00:06:10", "end": "00:06:14", "text": "an ETF launch, we're still above where"}, {"start": "00:06:12", "end": "00:06:15", "text": "we were trading at the ETF launch."}, {"start": "00:06:14", "end": "00:06:18", "text": "Number two,"}, {"start": "00:06:15", "end": "00:06:20", "text": "the US government basically decides that"}, {"start": "00:06:18", "end": "00:06:22", "text": "crypto's good and the President of the"}, {"start": "00:06:20", "end": "00:06:23", "text": "United States says okay, and he launches"}, {"start": "00:06:22", "end": "00:06:25", "text": "a meme coin. If you would have taken"}, {"start": "00:06:23", "end": "00:06:27", "text": "those events, which basically occurred"}, {"start": "00:06:25", "end": "00:06:29", "text": "in '24 and '25 and said, \"What would"}, {"start": "00:06:27", "end": "00:06:31", "text": "that be?\" Well, that would be a sell the"}, {"start": "00:06:29", "end": "00:06:33", "text": "new sell the news event."}, {"start": "00:06:31", "end": "00:06:35", "text": "And yet Bitcoin went higher into those,"}, {"start": "00:06:33", "end": "00:06:37", "text": "but I think if you look at it and you go"}, {"start": "00:06:35", "end": "00:06:38", "text": "back to how many OG's have been selling"}, {"start": "00:06:37", "end": "00:06:40", "text": "and what's been going on, I do think"}, {"start": "00:06:38", "end": "00:06:43", "text": "there's been churn that's been happening"}, {"start": "00:06:40", "end": "00:06:46", "text": "now since 2024. So, for people that are"}, {"start": "00:06:43", "end": "00:06:48", "text": "looking for hope, until the charts start"}, {"start": "00:06:46", "end": "00:06:50", "text": "giving you hope and you get a it going"}, {"start": "00:06:48", "end": "00:06:52", "text": "higher on bad news type thing, I'm not"}, {"start": "00:06:50", "end": "00:06:54", "text": "going to get too into it. I'll still"}, {"start": "00:06:52", "end": "00:06:56", "text": "stick with the the the the main thing I"}, {"start": "00:06:54", "end": "00:06:57", "text": "said, which is we right now have"}, {"start": "00:06:56", "end": "00:06:59", "text": "three-month rates that are below"}, {"start": "00:06:57", "end": "00:07:01", "text": "inflation."}, {"start": "00:06:59", "end": "00:07:02", "text": "Just wait for the next trend higher in"}, {"start": "00:07:01", "end": "00:07:03", "text": "Bitcoin and I think this will be the one"}, {"start": "00:07:02", "end": "00:07:05", "text": "that gets very important. Now, if"}, {"start": "00:07:03", "end": "00:07:07", "text": "Jordy's right and this capital rotation"}, {"start": "00:07:05", "end": "00:07:09", "text": "is occurring and there's capital flowing"}, {"start": "00:07:07", "end": "00:07:11", "text": "from Bitcoin into other technology"}, {"start": "00:07:09", "end": "00:07:13", "text": "sectors, then that would mean that"}, {"start": "00:07:11", "end": "00:07:16", "text": "Bitcoin and crypto more largely is in a"}, {"start": "00:07:13", "end": "00:07:18", "text": "crypto winter. John D'Agostino from Coin"}, {"start": "00:07:16", "end": "00:07:20", "text": "Base went on CNBC and he said the crypto"}, {"start": "00:07:18", "end": "00:07:22", "text": "winter is here. Take a listen."}, {"start": "00:07:20", "end": "00:07:23", "text": ">> As I've been pretty consistent with on"}, {"start": "00:07:22", "end": "00:07:25", "text": "your show, I don't like calling price"}, {"start": "00:07:23", "end": "00:07:27", "text": "direction or giving investment advice."}, {"start": "00:07:25", "end": "00:07:28", "text": "That being said, what I can tell you is"}, {"start": "00:07:27", "end": "00:07:30", "text": "I have the luxury of speaking to"}, {"start": "00:07:28", "end": "00:07:32", "text": "institutional investors."}, {"start": "00:07:30", "end": "00:07:34", "text": "Uh they've put months and years into"}, {"start": "00:07:32", "end": "00:07:37", "text": "looking at this asset class. So, when"}, {"start": "00:07:34", "end": "00:07:39", "text": "they do that and it's cheaper, they like"}, {"start": "00:07:37", "end": "00:07:41", "text": "it. Uh some have a price target, some"}, {"start": "00:07:39", "end": "00:07:42", "text": "don't, some are long-term accumulators."}, {"start": "00:07:41", "end": "00:07:44", "text": "Uh I just got off a plane from the"}, {"start": "00:07:42", "end": "00:07:46", "text": "Middle East, uh and I can tell you that"}, {"start": "00:07:44", "end": "00:07:48", "text": "the family offices in the UAE and the"}, {"start": "00:07:46", "end": "00:07:49", "text": "government and sovereign funds that have"}, {"start": "00:07:48", "end": "00:07:52", "text": "been putting the effort into buying this"}, {"start": "00:07:49", "end": "00:07:54", "text": "asset class are not unhappy at being"}, {"start": "00:07:52", "end": "00:07:56", "text": "able to buy it at a discount. I get the"}, {"start": "00:07:54", "end": "00:07:59", "text": "luxury of seeing the institutional"}, {"start": "00:07:56", "end": "00:08:01", "text": "piping that's building and supporting"}, {"start": "00:07:59", "end": "00:08:05", "text": "Bitcoin and other crypto assets in good"}, {"start": "00:08:01", "end": "00:08:06", "text": "price markets and bad price markets. And"}, {"start": "00:08:05", "end": "00:08:08", "text": "what's kind of interesting is if I"}, {"start": "00:08:06", "end": "00:08:10", "text": "compare where we are now with the last"}, {"start": "00:08:08", "end": "00:08:11", "text": "time"}, {"start": "00:08:10", "end": "00:08:13", "text": "one or two times before I was on your on"}, {"start": "00:08:11", "end": "00:08:17", "text": "your show in a much more bullish price"}, {"start": "00:08:13", "end": "00:08:18", "text": "environment. We have shockingly stronger"}, {"start": "00:08:17", "end": "00:08:19", "text": "level of infrastructure than we did at"}, {"start": "00:08:18", "end": "00:08:21", "text": "that time."}, {"start": "00:08:19", "end": "00:08:23", "text": ">> Today's episode is brought to you by"}, {"start": "00:08:21", "end": "00:08:24", "text": "Uphold. Are you someone who's tired of"}, {"start": "00:08:23", "end": "00:08:27", "text": "juggling multiple apps just to trade,"}, {"start": "00:08:24", "end": "00:08:28", "text": "earn, stake, or spend your crypto? Then"}, {"start": "00:08:27", "end": "00:08:31", "text": "listen up because Uphold does all of"}, {"start": "00:08:28", "end": "00:08:33", "text": "that in one single unified platform. You"}, {"start": "00:08:31", "end": "00:08:35", "text": "can access 300 plus crypto and fiat"}, {"start": "00:08:33", "end": "00:08:37", "text": "currencies with an interface that works"}, {"start": "00:08:35", "end": "00:08:40", "text": "for you, whether you're a beginner or an"}, {"start": "00:08:37", "end": "00:08:43", "text": "expert. Uphold also features any-to-any"}, {"start": "00:08:40", "end": "00:08:45", "text": "swaps where you can swap crypto to fiat,"}, {"start": "00:08:43", "end": "00:08:46", "text": "fiat to metals, and tokens to tokens"}, {"start": "00:08:45", "end": "00:08:49", "text": "directly in the app. If you prefer"}, {"start": "00:08:46", "end": "00:08:51", "text": "self-custody, Uphold's vault gives you"}, {"start": "00:08:49", "end": "00:08:53", "text": "multi-sig security, key recovery, direct"}, {"start": "00:08:51", "end": "00:08:55", "text": "trading access, and peace of mind"}, {"start": "00:08:53", "end": "00:08:57", "text": "without giving up convenience. Uphold is"}, {"start": "00:08:55", "end": "00:08:59", "text": "also 100% reserved, meaning no"}, {"start": "00:08:57", "end": "00:09:01", "text": "fractional practices, and proof of"}, {"start": "00:08:59", "end": "00:09:04", "text": "reserves are updated every 30 seconds so"}, {"start": "00:09:01", "end": "00:09:06", "text": "you can verify your assets anytime. For"}, {"start": "00:09:04", "end": "00:09:08", "text": "US users, you can even earn yield on"}, {"start": "00:09:06", "end": "00:09:11", "text": "dollars with a USD interest account. No"}, {"start": "00:09:08", "end": "00:09:12", "text": "fees, no minimums, and funds are insured"}, {"start": "00:09:11", "end": "00:09:15", "text": "up to 2.5 million dollars through"}, {"start": "00:09:12", "end": "00:09:17", "text": "[music] the Atomic Cash Sweep program."}, {"start": "00:09:15", "end": "00:09:19", "text": "If you want one app for your entire"}, {"start": "00:09:17", "end": "00:09:22", "text": "digital asset [music] life, check out"}, {"start": "00:09:19", "end": "00:09:24", "text": "Uphold today. Go to uphold.com to learn"}, {"start": "00:09:22", "end": "00:09:26", "text": "more. uphold.com. [music]"}, {"start": "00:09:24", "end": "00:09:28", "text": "Go check them out today. Now, before you"}, {"start": "00:09:26", "end": "00:09:30", "text": "start crying, don't worry. I come"}, {"start": "00:09:28", "end": "00:09:33", "text": "bearing some good news. We can see that"}, {"start": "00:09:30", "end": "00:09:35", "text": "Bitcoin just hit the 200-week moving"}, {"start": "00:09:33", "end": "00:09:37", "text": "average. That's the first time it's hit"}, {"start": "00:09:35", "end": "00:09:39", "text": "the 200-week moving average since 2023,"}, {"start": "00:09:37", "end": "00:09:41", "text": "and historically that's been a very good"}, {"start": "00:09:39", "end": "00:09:44", "text": "time to buy. But don't believe Barchart"}, {"start": "00:09:41", "end": "00:09:46", "text": "here, listen to Strive CEO Matt Cole. He"}, {"start": "00:09:44", "end": "00:09:47", "text": "was on CNBC saying the exact same thing."}, {"start": "00:09:46", "end": "00:09:50", "text": "Take a listen."}, {"start": "00:09:47", "end": "00:09:53", "text": ">> As we move into this digital future,"}, {"start": "00:09:50", "end": "00:09:56", "text": "this AI future, there is no more scarce"}, {"start": "00:09:53", "end": "00:09:58", "text": "digital asset than Bitcoin. And and so I"}, {"start": "00:09:56", "end": "00:10:01", "text": "think that trust in Bitcoin's network"}, {"start": "00:09:58", "end": "00:10:04", "text": "and is with reason. It's with"}, {"start": "00:10:01", "end": "00:10:07", "text": "substantial reason and I think it is a"}, {"start": "00:10:04", "end": "00:10:09", "text": "very solid foundation for it to grow on."}, {"start": "00:10:07", "end": "00